Banco Latinoamericano de Exportaciones (NYSE:BLX)

CAPS Rating: 5 out of 5

The Bank is principally engaged in providing trade financing to selected commercial banks and corporations in the Region.


Player Avatar TMFInnovator (42.90) Submitted: 6/13/2013 9:56:01 AM : Outperform Start Price: $20.78 BLX Score: +20.42

- South American trade bank that should benefit with the growth in the continent's GDP.
- Selling their Asset Management unit, which is a key move. This lowers the risk of the bank's asset and allows them to focus on their core business of making loans (think Wells Fargo, in the US).
- Valuation is cheap. P/B is now less than 1. Trailing P/E under 10.
- Dividend has doubled in the last three years and is now > 5%.

Bladex isn't a swing for the fences, but is a steady company with the wind at their back that should outperform over the long term.

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