Banco Macro has been on a wild ride. The stock's ADR was in the $60s in 2017 and surpassed $130 later that year on high expectations for Macri and Argentina.
The stock collapsed to $40 per share and consolidated for the next three quarters before nearly doubling to $76 in August of this year.
WER issued a speculative buy on BMA $40.55 in January for subscribers at the bottom of its trading range than recommended selling at $70.0 per share on increased political/currency risk.
That brings us to today. Argentina's political situation is as uncertain as ever. Let's comprehensively analyze Banco Macro and see where it stands today.
We include a deep dive on key aspects of the firm's financials and an update to the turmoil in Argentina including very recent elections.