Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

FEMSA Seeing A Slower Rebound

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details