RE: RE: RE: RE: RBC Raises GTE Price Target I don't understand how RBC gets that kind of price. GTE has invested a ton of money in Argentina, and that money should be written off. The government of Argentina has already nationalized all the assets of YPF/Repsol (the Spanish oil company) for just pennies on the dollar. This expropriation took place because YPF/Repsol paid dividends to its shareholders. If GTE tries to take money out of Argentina and invest in other areas (like Columbia) it is likely Argentina will expropriate GTE's assets as well. GTE management avoids even mentioning this "elephant in the room".
Anybody out there have more info on this situation?