Alto Palermo S.A. (ADR) (NASDAQ:APSA)

BicaChica (76.27) Submitted: 5/7/2010 1:51:17 AM : Start Price: $8.39 APSA Score: -72.96

fransgeraedts

twopairfullhouse (37.85) Submitted: 4/16/2010 11:14:47 AM : Start Price: $7.31 APSA Score: -108.38

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.

scoobamang (< 20) Submitted: 10/31/2009 2:44:31 AM : Start Price: $6.29 APSA Score: -127.49

This stock is laughable. Operates in 3 segments: Leasing out empty shopping centers, providing credit cards and credit to the few destitute souls who wander into these centers, and of course constructing more of these centers. All on the precipice of the largest economic downturn in history and toting a debt that's 170% of the market cap. Dumdy dumdy dum, it seems I've wandered to a 52 week high... I will ride this one all the way down.

gunark (90.64) Submitted: 7/3/2008 5:05:00 PM : Start Price: $9.46 APSA Score: -60.76

Screen: 2-stars, little movement in last 26 weeks, P/E > 20.

kpedo2000 (24.17) Submitted: 9/4/2007 12:44:38 PM : Start Price: $11.19 APSA Score: +49.12

Alto Palermo SA owns an irreplicable retail-based real estate franchise in Argentina where the economy has been booming since the financial crisis of 2001. Alto Palermo owns most of the malls in and around the booming metropolis of Buenos Aires. APSA owns the land and collects rents plus a percentage of sales from its tenants. Occupancy is 99% and Retail sales gains have been running above 20% per annum over the last 4 years. The real estate is undervalued (vs current/potential sales prices). APSA borrowed at 8% in the U.S. before the recent credit retrenchment enough to fund expansion over the next several years. Real Estate prices are rising at 20% a year in Argentina...without borrower access to credit, i.e. buyers pay cash.