Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Banco Latinoamericano Comerc Exterior SA (BLX): Is This the Best Way to Play Latin American Growth?

In the first quarter of fiscal 2013, it grew revenue by 6.0% year-on-year to $976.9 million, but registered a net loss of $6.6 million as a result of lower operating income and higher non-operating charges related to the devaluation of Venezuela’s currency, the bolivar. The problems in Venezuela are telling of emerging market risks and I am concerned that Arcos Dorados generates more than two-thirds of its EBITDA from Brazil, making it vulnerable to any weakening of consumer sentiment in the country.


Banco Latinoamericano Comerc Exterior SA (NYSE:BLX) is a proxy for Latin American growth and its conservative risk management strategy limits downside. At 1.0 times P/B and a 7.9 times forward P/E, Bladex is attractively valued. Including a 5.4% forward dividend yield to the equation, investing in Bladex is a no-brainer.

Mark Lin has no position in any stocks mentioned. The Motley Fool owns shares of Arcos Dorados and Bladex.

The article Is This the Best Way to Play Latin American Growth? originally appeared on

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.