As a leading consumer/retail business in Mexico, there’s no getting
around the fact that currency matters to the valuation and day-to-day
performance of FEMSA (FMX).
The trick, if I can call it that, is balancing the usually shorter-term
impacts of currency volatility with the longer-term core operating
fundamentals and quality of the business. So while the recent currency
pressures (not to mention greater caution regarding emerging markets) is
certainly relevant, I wouldn’t lose sight of the long-term quality of
this business.
Read more here:
FEMSA Offers A Strong Core Amid Market Wobbles
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