Fomento Economico Mexican

FMX-N

NYSE:FMX

91.67
0.32 (0.35%)
Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico.
More at Wikipedia

Analysis and Opinions about FMX-N

Signal
Opinion
Expert
BUY
BUY
August 2, 2019

Largest Coca-Cola bottler in Latin America. Owns Heineken shares and owns the Oxxo store chain. Has added gas stations to their Oxxo stores. Doing well on a fundamental basis, but they're getting hurt by low pesos and global slowdown. Latin America usually gets hit first.

Largest Coca-Cola bottler in Latin America. Owns Heineken shares and owns the Oxxo store chain. Has added gas stations to their Oxxo stores. Doing well on a fundamental basis, but they're getting hurt by low pesos and global slowdown. Latin America usually gets hit first.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$88.440
Owned
No
PAST TOP PICK
PAST TOP PICK
May 19, 2017

(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.

(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.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$91.440
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 14, 2016

(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.

(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.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$81.660
Owned
No
TOP PICK
TOP PICK
October 5, 2016

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.

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.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$94.550
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 25, 2016

(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.

(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.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$95.750
Owned
Yes
TOP PICK
TOP PICK
June 7, 2016

The largest Coca-Cola bottler in Latin America, Mexico and the Philippines. They have been moving away from that low margin business and have 15,000 Oxo brand convenience stores and are attaching gas stations to them. Have started to buy pharmacies in Colombia and Chile. Earnings are starting to turn around because there is margin expansion. Dividend yield of 1.42%.

The largest Coca-Cola bottler in Latin America, Mexico and the Philippines. They have been moving away from that low margin business and have 15,000 Oxo brand convenience stores and are attaching gas stations to them. Have started to buy pharmacies in Colombia and Chile. Earnings are starting to turn around because there is margin expansion. Dividend yield of 1.42%.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$95.320
Owned
Yes
BUY
BUY
March 23, 2016

Emerging markets? Probably has just under 10% of emerging markets in his portfolio. One area he likes in emerging markets is Mexico, and this is a stock that he likes. Its main asset is Coca-Cola bottling in Latin America and the Philippines. Also, has convenience stores that have been growing double digits per annum, with a very high return on equity. Dividend yield of 1.5%.

Emerging markets? Probably has just under 10% of emerging markets in his portfolio. One area he likes in emerging markets is Mexico, and this is a stock that he likes. Its main asset is Coca-Cola bottling in Latin America and the Philippines. Also, has convenience stores that have been growing double digits per annum, with a very high return on equity. Dividend yield of 1.5%.

Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$92.940
Owned
Yes
BUY
BUY
November 8, 2013

Feels political situation in Mexico is improving. Government is focused on trying to provide growth in the economy to offset the drug trade. Stock hit a high at about $120 and started to fall back for a few reasons. Storms in September hurt their 3rd-quarter earnings and flooding pretty well stopped consumer spending. Government wants to initiate a doubling of the sugar tax and this one is the Coca-Cola bottler of Femsa, Coke and sports drinks throughout Mexico, Latin America and South America. Also, own the Oxo convenience stores. Have also been buying pharmacies. Sold their beer assets 5 years ago. Because the cash is not been expended, the dividend from 2009 has gone from $.36 to $1.64.

Feels political situation in Mexico is improving. Government is focused on trying to provide growth in the economy to offset the drug trade. Stock hit a high at about $120 and started to fall back for a few reasons. Storms in September hurt their 3rd-quarter earnings and flooding pretty well stopped consumer spending. Government wants to initiate a doubling of the sugar tax and this one is the Coca-Cola bottler of Femsa, Coke and sports drinks throughout Mexico, Latin America and South America. Also, own the Oxo convenience stores. Have also been buying pharmacies. Sold their beer assets 5 years ago. Because the cash is not been expended, the dividend from 2009 has gone from $.36 to $1.64.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$90.260
Owned
Yes
TOP PICK
TOP PICK
August 8, 2013

A bottler of Coca-Cola in Mexico, Latin America, South America and they just bought the Philippines operation. Also, owns the convenience stores under the Oxo brand in Mexico so they own the shelf space. A monopoly and this is where pricing power comes into play. Mexico has a young population that, instead of drinking water, they are drinking soft drinks. Dividend has been rising at a 30% clip for the last 5 years.

A bottler of Coca-Cola in Mexico, Latin America, South America and they just bought the Philippines operation. Also, owns the convenience stores under the Oxo brand in Mexico so they own the shelf space. A monopoly and this is where pricing power comes into play. Mexico has a young population that, instead of drinking water, they are drinking soft drinks. Dividend has been rising at a 30% clip for the last 5 years.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$104.300
Owned
Yes
TOP PICK
TOP PICK
November 29, 2010
Coca Cola bottler for Latin and South America as well as convenience stores. Good growth rate in Latin and South America. Population is much younger so there will be growth in sales. Try to Buy at under $50. 1.15% yield.
Coca Cola bottler for Latin and South America as well as convenience stores. Good growth rate in Latin and South America. Population is much younger so there will be growth in sales. Try to Buy at under $50. 1.15% yield.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$56.180
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 24, 2010
(A Top Pick May 8/08. Up 46.62%.) Sold their beer assets so are now left with Coca-Cola bottler and convenience stores, the high margin business. Would consider buying in the low $40's. 1.4% dividend.
(A Top Pick May 8/08. Up 46.62%.) Sold their beer assets so are now left with Coca-Cola bottler and convenience stores, the high margin business. Would consider buying in the low $40's. 1.4% dividend.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$45.480
Owned
Yes
TOP PICK
TOP PICK
May 8, 2009
The largest bottler and distributor of Coke products throughout Latin America and South America. Sales and profits were up about 20% in Brazil in the last quarter. They also own a lot of convenience stores throughout Mexico. They are also 50% of the beer market in Mexico. A play on the demographic/economic growth in Latin America.
The largest bottler and distributor of Coke products throughout Latin America and South America. Sales and profits were up about 20% in Brazil in the last quarter. They also own a lot of convenience stores throughout Mexico. They are also 50% of the beer market in Mexico. A play on the demographic/economic growth in Latin America.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$31.330
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
June 9, 2008
(Market Call Minute.) Coca-Cola bottler and beer maker out of Mexico/Latin America. Of all the beverage makers he feels this is the best. $40 would be the entry point.
(Market Call Minute.) Coca-Cola bottler and beer maker out of Mexico/Latin America. Of all the beverage makers he feels this is the best. $40 would be the entry point.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$42.900
Owned
Yes
TOP PICK
TOP PICK
March 1, 2007
A Mexican conglomerate. Emerging markets have been disproportionately hit in the sell off of the last few days.
A Mexican conglomerate. Emerging markets have been disproportionately hit in the sell off of the last few days.
Charles Lannon
Director of Research, Toron Investment Management
Price
$110.720
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 5, 2006
(A Top Pick Jan 18/06. Up 50.2%.) Biggest beer manufacturer and coke bottling company in Latin America. Own a lot of variety stores. Capital incomes are rising in Mexico. Getting a little rich now.
(A Top Pick Jan 18/06. Up 50.2%.) Biggest beer manufacturer and coke bottling company in Latin America. Own a lot of variety stores. Capital incomes are rising in Mexico. Getting a little rich now.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$114.870
Owned
Yes
BUY
BUY
September 14, 2006
The biggest beer maker in Mexico. They also own most of the logistics, trucks, convenience stores, et cetera. Margins are much better. Thinks a stock split is ready to come.
The biggest beer maker in Mexico. They also own most of the logistics, trucks, convenience stores, et cetera. Margins are much better. Thinks a stock split is ready to come.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$98.160
Owned
Yes
BUY
BUY
April 25, 2006
A Mexican beverage company. Has done very well. The biggest Coca-Cola bottler in Mexico and they also sell Sol beer. Have diversified into convenience stores which has been very profitable.
A Mexican beverage company. Has done very well. The biggest Coca-Cola bottler in Mexico and they also sell Sol beer. Have diversified into convenience stores which has been very profitable.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$89.040
Owned
Yes
TOP PICK
TOP PICK
January 18, 2006
Basically have a monopoly in Latin America. They not only own the processing plants, they own the trucks, logistics, distribution network and all the landing areas which are convenience stores for both Coca-Cola and their beer markets.
Basically have a monopoly in Latin America. They not only own the processing plants, they own the trucks, logistics, distribution network and all the landing areas which are convenience stores for both Coca-Cola and their beer markets.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$75.530
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 3, 2005
(A Top Pick June 28/05. Up 16%.) Given a 4% GDP growth in Mexico, his valuation on this stock is much higher than what it is today. Still a buy.
(A Top Pick June 28/05. Up 16%.) Given a 4% GDP growth in Mexico, his valuation on this stock is much higher than what it is today. Still a buy.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$68.340
Owned
Yes
TOP PICK
TOP PICK
June 28, 2005
Has about 50% of the Mexican beer market, but also has about 8,000 convenience stores. Capital income in Mexico is rising and retail is really rising along with margins. Valuation is somewhere between $65 and $85.
Has about 50% of the Mexican beer market, but also has about 8,000 convenience stores. Capital income in Mexico is rising and retail is really rising along with margins. Valuation is somewhere between $65 and $85.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$58.800
Owned
Yes
BUY
BUY
June 17, 2003
Good growth potential. Margins are good.
Good growth potential. Margins are good.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$41.900
Owned
Yes
BUY
BUY
December 3, 2002
Good margins at 10/12%. Stock is cheap.
Good margins at 10/12%. Stock is cheap.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$38.100
Owned
Unknown
TOP PICK
TOP PICK
October 4, 2002
High growth. Good dividend.
High growth. Good dividend.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$37.070
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 30, 2002
(Was a top pick on Apr 3. Down 15.6%.) Still likes. Hit with a large sugar tax. Increased their dividend.
(Was a top pick on Apr 3. Down 15.6%.) Still likes. Hit with a large sugar tax. Increased their dividend.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$37.590
Owned
Unknown
TOP PICK
TOP PICK
April 4, 2002
At a good price. Buying into a growing demographic. 13 X earnings. Solid dividends. $6 free cash flow.
At a good price. Buying into a growing demographic. 13 X earnings. Solid dividends. $6 free cash flow.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$44.920
Owned
Unknown
TOP PICK
TOP PICK
April 3, 2002
Revenues are growing at 15%.
Revenues are growing at 15%.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$44.850
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
February 8, 2002
(Was a top pick on Nov 23 up 20%) Still likes.
(Was a top pick on Nov 23 up 20%) Still likes.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$39.200
Owned
Unknown
TOP PICK
TOP PICK
January 28, 2002
Ata very good value at 13 X earnings. Big growth.
Ata very good value at 13 X earnings. Big growth.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$40.650
Owned
Unknown
BUY
BUY
December 14, 2001
Tax increase on beverages will be a small amount. Mexicos peso is on the rise.
Tax increase on beverages will be a small amount. Mexicos peso is on the rise.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$34.430
Owned
Unknown
TOP PICK
TOP PICK
December 7, 2001
Should do well even in a poor economic environment.
Should do well even in a poor economic environment.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$36.510
Owned
Unknown
TOP PICK
TOP PICK
November 23, 2001
Will have good participation in US when trade barriers disappear.
Will have good participation in US when trade barriers disappear.
Arthur Heinmaa
Managing Partner, Toron Investment Management
Price
$32.410
Owned
Unknown
TOP PICK
TOP PICK
November 5, 2001
Earnings up 20%. Mexico is growing.
Earnings up 20%. Mexico is growing.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$31.680
Owned
Unknown
TOP PICK
TOP PICK
August 22, 2001
Expects Mexico will grow substantially.
Expects Mexico will grow substantially.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$38.900
Owned
Unknown
TOP PICK
TOP PICK
June 4, 2001
Expects a big growth.
Expects a big growth.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$43.560
Owned
Unknown
TOP PICK
TOP PICK
March 27, 2001
Bullet proof portfolio-mid caps (35%) Bigger growth in Latin America compared to Coke in US
Bullet proof portfolio-mid caps (35%) Bigger growth in Latin America compared to Coke in US
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$33.200
Owned
Unknown
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