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  • America Movil Should Benefit from Peso Resurgence [View article]
    Great companies are not made on the basis of currency conversions, they become great through value creation.

    In international investing, it's hard enough to identify and do your dilligence on opportunities such as AMX. There's no need to add a layer of complexity to the analysis by worrying about whether the Peso or Brazilian Real will exchange higher or lower in the short term future. For short-term trades, you'd have to be right about both the company AND the Forex markets. Forget it. You're better off with performance metrics that exclude the effects of foreign exchange.

    After all, currency hedging is one of your objectives in buying international stocks, right? If you knew what the Peso or Real would do a few months from now, you could make a lot more money in the Forex markets.
    Apr 07 16:58 pm |Rating: +1 0 |Link to Comment
  • Memo to Warren: AmEx Preferred at 15%, Warrants at $12 [View article]
    Note to editor:

    AMX is the stock symbol for American Movil, a Latin American telecom. The typo is under the heading.

    DOH!
    Nov 18 15:06 pm |Rating: 0 0 |Link to Comment
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