For short-term investors, America Movil's (AMX)
fourth quarter report was a wreck. For long-term investors, though, I
don't think it changes much of anything. Weaker margins are never a good
thing, but America Movil is following a long-term gameplan for wireless
voice and data growth, and its rivals are going to hard-pressed to
compete so fiercely on price indefinitely. America Movil is by no means
the growth stock it once was, but today's steep earnings-induced decline
and long-term plan make it a more interesting name for GARP investors.
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America Movil Still A Buy After Painful Margin Squeeze
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