David Driscoll Fomento Economico Mexican FMX-N BUY Aug 02, 2019

(A Top Pick June 7/16. Up 0.45%.) Not just Coca-Cola. They have convenience stores under the Oxo brand, and have been buying pharmacies in both Mexico, Latin and Central America. Have also been buying gas stations.

It is a trading stock. He bought around $89 and expects to sell it around $100. There is a really well defined trading range. It is a good looking trade.

(Top Pick Oct 5/16, Down 12.52%) He sold it as it approached $100, as he had said to do. This is the most fun, easy way to trade. It is a Peso play. It is ideal in the low $80s. He is waiting to see if the Peso confirms the uptrend and then he would buy it.

(A Top Pick June 7/16. Down 2.69%.) A perfect example for these 3 past Top Picks to be able to take advantage in the fall, for buying more of them to dollar cost average. With the Trump victory, the peso was getting crushed. Unfortunately, this company went down with it, simply because it was Mexican, even though they don’t do any business in the US. They are the Coca-Cola bottler outside of the US. They have OXO convenience stores and gas stations, and have gone into pharmacies all through Mexico, Latin America and south America. Their earnings are good, they are still opening gas stations, and have about 20,000 OXO stores, and now are adding gas pumps with them. Earnings are growing at a fairly decent clip.

They own beers, like Heineken, which they recently sold down to raise $3.5 billion. The market rewarded that. Also own convenience stores and Coca-Cola bottling (the biggest franchisee int he world). Will invest that cash in pharmacies and stores. A good way to get exposure to the US-Mexico border and Latin America, where they have stores. Can raise convenience store goods to offset inflation.

Stock's performed well. Starting to reduce its position in Heineken, with more focus on core strengths. Its digital loyalty program is growing by leaps and bounds, revenue up 20% YOY. Benefitting from onshoring. 

He suffered owning this for 5 years. Is up because near-shoring is costing less for US consumers while the Mexican government recovers. He was patient with this; it's up 60% this year.