Banco Macro SA (ADR) (NYSE:BMA)
CAPS Rating:
A bank in Argentina which provides standard banking products and services to a nationwide customer base.
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A bank in Argentina which provides standard banking products and services to a nationwide customer base.
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Valuation numbers too good to pass up. Should trade at least double it's current price and $50 is possible.
This seems to be a victim of overreaction to elimination of a dividend. Which minimizes it's appeal to income oriented investors but not for capital gains oriented ones.