Saturday, February 22, 2014

What a Great Opportunity, The Emerging-Market Turmoil Has Created An Interesting Buying Opportunity

Great day friends, "What we've seen here in the last couple of months is some turmoil in countries like, say Turkey, and now more recently Ukraine. We've seen currency issues, falling emerging-markets currencies. Venezuela could devalue its currency; it's already practically a black market situation there.

As we knew it previously, Argentina has been a problem. You can say any one of these countries shouldn't have a big impact on a giant company like a Unilever or a Philip Morris International, but when a lot of them are going south at the same time, you're getting some pretty stiff headwinds here for near-term revenue and earnings-per-share growth." What a big opportunity

Source: morning star

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