This has been a pretty miserable stretch for most Mexican retailers, as
sluggish employment trends, new taxes, and lower remittances have all
dinged confidence and spending. To the extent that having the best house
in a rough neighborhood should matter, FEMSA (FMX)
ought to be getting a little more respect in the market. Management was
cautious and conservative on the call (as they often are), but this
company continues to run some of the best-positioned businesses in
Mexico, and is worth a closer look as the Mexican economy starts to turn
up.
Read more here:
FEMSA Muddling Through Better Than Most
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