BUY ARGENTINA: More than just a great Steak
BUY PAM US and YPF US
This investment takes advantage of a developing situation in the Argentinian equity market – a market that is totally off the radar screen for 99.9% of investors. Political reforms and a long term bull market in commodities could propel equity markets significantly higher. At worst we see limited downside as many companies are trading at historically cheap valuations, are well financed and profitable, while politically the markets are pricing Argentina to continue to be the basket case that it is, while there are tiny slivers of hope appearing.
Our preferred names are PAM US and YPF US.