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Tuesday, March 21, 2006

[Foreign] Booming Economy Next Door

For years people have been talking about the exciting economy of the BRIC nations - Brazil, Russia, India and China. However there is a booming economy right next door that has been forgotten. No, we are not talking about the north of the border. The exciting economy next door is Mexico. Here are some of the Mexican companies listed in the US Stock Exchanges:
  • Telefonos de Mexico SA de CV (TMX): the Mexico City based company is the leading local and long distance telephone service provider in Mexico. The company also offers service in other Latin American regions such as Brazil, Chile, Argentina, Peru and Colombia. Since the telecoms industry privatized in the early 1990s, it has grew outpaced the country's economy as many as seven times in 2005 by registering a 21.5% growth. The stock is still cheap trading at P/E ratio of 9.69 while the US telecom firms such as AT&T has P/E ration of 18.
  • America Movil SA de CV (AMX): the Mexican telecom company dominates the wireless communication sector in Mexico with market cap of $63 billion on revenue of $16.9 billion. The stock, currently trading at $34.72 per share, has rose 69% in eight months since the 3:1 split in July 2005.
  • Groupo Televisa SA (TV): the Mexican television broadcasting giant operates in tv, radio and publishing service in Mexico and United States. The stock is currently trading at P/E ratio of 4.17 at $19.31 per share.
  • Mexico Fund Inc. (MXF): the Washington, DC based closed-end investment company invests in equity securities of various industries listed on the Mexican Stock Exchange. This is a more diversified investment for Mexico stocks.
  • Mexico Equity & Income Fund(MXE): the Milwaukee, WI absed closed-end investment company invests not only in common stocks but also corporate bonds in Mexico.
  • iShares MSCI Mexico Index (EWW): the ETF tracking stocks traded Mexican Stock Exchange measured by MSCI Mexico index. This is the least volatile investment for Mexico stocks.


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