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Bought Some More VNM, Today

Jun. 26, 2015 12:45 PM ETVNM
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Bought at 18.04. Good things are happening:

Foreign Ownership Caps to be Eliminated (in most cases)

Consolidation of the Markets

State wants liquidity to sell shares of state owned enterprises

Increased M&A

The foreign ownership debate has been going for several years, but yesterday (Vietnam's Friday, 6/26), the government announced with more clarity than ever before that caps will be eliminated for most businesses. That's up from 49% caps. The water is building up and the floodgates are about to open.

Analyst's Disclosure: I am/we are long VNM, RICK, PRAA, ECPG.

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