Fomento Economico Mexicano SAB De CV FMX

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide. It operates through Coca-Cola FEMSA, Proximity Americas Division, Proximity Europe Division, Health Division, Fuel Division, and Others segments. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, Brazil, and the United States under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, Sana Sana, YZA, La Moderna, and Farmacon names. In addition, the company provides transport logistics and maintenance services in Mexico, Brazil, and Colombia; processes electronic transact...

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Fomento Economico Mexicano SAB De CV

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Post by Koopmanon Feb 11, 2017 1:53pm

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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.

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