Nicaragua News n thoughtsSure many have been reading the news from Nicaragua, my view is that it seems like either outcome will not really be harmful to Polaris. Ortega has be fairly free market and the challengers want more democratic freedom and open society. So, it seems that either outcome would not really change Polaris position.
While any change and whatever the outcome.. there will be change in Nicaragua... does have risk for our investment. Ortega could become more authoritarian and leftist.. or a faction of challengers could become or promote leftist policies that would hurt Polaris. Thus, stock price decline.
My reading of news... leads to slightly place odds of challengers reform winning and Ortega either leaving or calling early elections. Thoughts?
Is anyone buying the dip? Why?
I got a few more shares.. but yes concerned. Assuming an acceptable outcome... still think PIF is worth $25 to $30 canadian.
Thanks.. and good luck to PIF and Nicaragua.