RE:RE:RE:RE:Who is the most famous Corporate RaiderYeah kcac1 I read that share buybacks only succeed in raising sp if investors think that the growth in future revenues justifies the cost of buying back and retiring those shares. At least my financial accounting 101 text book says so. There's a sidebar blurb from Warren Buffet who warns that the money to buy back shares comes from the bottom line or net income which reduces the net income. Share buy backs don't always increase the sp.
Yes, I live in South America. They're eyeing a super transportation corridor (road and rail) right across from the Atlantic to the Pacific to ship Brazilian, Argentinian, Uruguaya, Paraguayan, Bolivian, Peruvian exports across the Pacific. I guess the trip across the Atlantic and Indian oceans is becoming a real constraint. Puerto Bahia is on the east side of the Panama Canal and could serve shioments across the Caribbean to the US east coast and Europe. So I''d say that it was a solid asset.
Also everybody keeps on discounting Venezuela. What's to say that fec doesn't develop production in Venezuela? Investors are now piling into the country with the largest oil reserves on the planet and the fifth largest natural gas reserves. So right now fec's sp seems way undervalued to me. I do not know what is causing investor hesitancy.