Post by
Koopman on Feb 11, 2017 1:53pm
Going Short on FMX
I used to be long this stock then sold out around $75. Of course after that, it goes up. To me, FMX is more of a commentary on US/Mexico relations and more importantly, the USD vs Mexican Peso. As all the provits need to be repatriated, if the USD goes up, the revenues will go down. That is what I think is in store for FMX and think there's decent room to go down.