bt310

Six South America Profit Plays

One major problem with South American companies is their currencies and the adverse effect a stronger dollar has on their earnings. If a Brazilian company earned $1 Billion Real last October it translated to $550 Million US. If a company earns $1 Billion Real in October of this year it translates to only $430 Million US. That's a 22% drop in earnings automatically. I liked those companies but will wait for their currencies to stabilize.