Alto Palermo S.A. (ADR) (NASDAQ:APSA)
CAPS Rating:
The Company business under three segments, leases & services, includes the operating results of its shopping centers, credit card operations in which its portfolio of credit card accounts issued & in others the operating results of its construction & sale
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Financials are really ugly, so I think the dividend is unsustainable. Couple that with operating businesses that are likely to shrink, and I don't see any positives.