weiwentg

Eight Ways to Invest in the Thriving Commonwealth of Puerto Rico

Doral should indeed be considered speculative - it's in dire financial straits, and is hoping to be rescued by a lowball buyout offer.

Banco Popular is well-established, with a firm foothold in Puerto Rico. They are trying to expand to serve the Hispanic community in the mainland US, and I'm a lot less sanguine about their prospects here. Their US arm has significantly underperformed, and will face tough competition and higher costs (most Hispanics live in large cities = higher rents for BPNA branches). I wish I hadn't bought shares. Fortunately, I didn't buy many.