Banco de Chile (ADR) (NYSE:BCH)
The Company offers a range of banking services to customers, ranging from individuals to large corporations.
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earthquake
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I like the chart. Nice yield too, which should theoretically provide downside speculation. Trading with the trend on this one - looking for 10% in the short term, and then get out. This might make a decent long term investment too, but would need to study it further.
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A bet that this emerging market bank keeps chugging in a stable Latin American country (no, that's not an oxymoron) with a solid free-market economy and democracy. I'm already in on AKO-A as well, so I'm a bit of a fan on Chile as a solid if not outrageous performer.
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Banks used to be a good bet . This one still is. Chile is rich in resources and look at the yield on this stock.
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Impressive long term growth coupled with a hefty dividend every spring.
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S. America...Take it away!
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