One of the key stories for those who invest in Mexico, and major Mexican companies like FEMSA (NYSE:FMX), Cemex (NYSE:CX), Walmex (OTCQX:WMMVY), and Grupo Bimbo, is the pace of economic recovery in Mexico. While some measurements of the economy have been getting more positive, the overall pace of recovery seems to be a little slower than hoped as higher taxes have pressured disposable income and other pro-growth efforts have yet to really kick in and contribute.
That's not a great backdrop for FEMSA and this large consumer-focused company had a so-so second quarter. Management's comments seemed to point toward a more gradual recovery than a sharp upward inflection, but underlying results aren't exactly...
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