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Investment Thesis
Ever since the election of Milei in late 2023, I've noticed a sharp rally in the bank stocks of Argentina. In particular, Banco BBVA Argentina (NYSE:BBAR) and Banco Macro (
Banco BBVA Argentina: The Trend Is Your Friend
Summary
- Argentinian bank stocks, including Banco BBVA Argentina and Banco Macro, have seen gains of over 100% since the election of Milei in late 2023.
- Banco BBVA Argentina has shown decent performance despite the challenging macroeconomic environment in Argentina.
- The macro scene in Argentina is improving, which could lead to further gains for Banco BBVA Argentina.
- Shares are a buy with a price target range between $11-$14.
Amateur value investor seeking bargains in any market, with a specific focus on emerging markets. Admires great investors such as Li Lu and Peter Lynch, and am not afraid to go against the grain. Willing to buy any company at the right price, and is looking for low-risk and high uncertainty bets. My purpose is to share investment ideas and to clarify my own thinking. It is good to keep an investment journal to monitor past successes and learn from failures. This is a good way to keep a scorecard and to make my ideas public for all to judge. Primarily adopts an owner-mindset, and largely ignores macro-environment noise. I'm an investor, not an economist. Investors make money, economists make forecasts.I am heavily influenced by the work of Henry Hazlitt, Friedrich Hayek, and Ludwig Von Mises in my economic thinking. I recently came across a legendary book 'Economics in One Lesson' and it absolutely blew me away. Never before have I seen such clear, logical economic thinking in a concise format. Going forward readers may see a more Austrian economic way of thinking in my articles.Graduated from NYU Stern, with a Bachelors in Business and a Concentration in Finance.Due to very recent career developments as of April 2025, I can't write on Seeking Alpha due to conflict of interests and violating my employer's ethical code of conduct. I don't know when/if I'll write again, as I have somehow made it to the big leagues. Cheers!
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