Market – S&P 500: No change today – MA(50) is still below MA(200). Cannot confirm an uptrend yet. Better not to buy any stocks at this time.
BFR – Banco Frances S.A., Financial, Money Center Banks, Small Cap Blend, Based in Argentina, $9.65 (24 Sep 2010)
I managed to get BFR’s earnings for the last 5 years. As shown on the table below, BFR has been making positive growth earnings from ARS 428.7K in 2005 to ARS 658.7K in 2009. Note that 1 ARS (Argentinian Pesos) is equivalent to $US 0.2520. BFR’s EPS has steadily increased from US$ 0.22 in 2005 to US$ 0.34 in 2009. The growth of the EPS for the last 5 years is between 8.54% to 17.64%. Not the spectacular growth that we’re after but it is good enough as the bank shows consistent growth in its earnings. Plus the bank gives out a dividend yield of 8.65%, which is a steady additional annual return for a long-term investor.
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