Argentina is a mess right now, and the companies with ties to that
country are paying the price - some deserved, some not so much. I would
place Ternium (TX)
in the "not so much" camp, as although the company does generate a
substantial amount of EBITDA in Argentina, the business isn't as
vulnerable as valuation would suggest. More to the point, this is a
well-run and growing Mexico-based steel company with some measure of
influence over its input costs.
Please continue here:
Fears About Argentina And Mexico Have Ternium Looking Cheap
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