Filed under: Brazil, Mexico, Stocks to Buy

The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is American Movil SA.

American Movil S.A.B de C.V. (ADR) (NYSE: AMX) is the largest wireless service provider in Latin America, and one of the 10 largest in the world.

Analysts see 2008 revenue rising of 15-20%, after a 32% increase in 2007. Further, analysts also like the company’s successful expansion to 13 other markets in the region, to go along with its two key markets: Brazil and Mexico.

Hence, analysts also really like AMX’s current subscriber base — a remarkable 153 million in 2007 — and its projected subscriber growth rate of 12-15% for 2008, and 10-13% for 2009.

Continue reading American Movil SA is an incontrovertible south-of-the border success story

Permalink | Email this | Comments

Share This

This entry was posted on Saturday, February 9th, 2008 at 3:52 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.