Implications of Banco Macro Bansud (BMA) Listing on Argentina and Argentina Markets
The Company CEO, Jorge Brito is very positive about the growth of this bank; their strategy is mostly acquisitions and working economies of scale to boost profits. See Story here. Nowhere do economies of scale work better than in Finance-the rules are established and the bigger the fish, the more profitable it is.
What is interesting to see is the very positive reception to the offering-people are warming up to investing in Argentina again and Argentina is cleaning itself up (I am writing this blog from Buenos Aires). This will be a mega bull market, just like the Russian stocks after their collapse in the late 90's. The stock market is up 27 times (Yes!) From the bottom. See Russian Market Stock Chart here.
I expect the Bank stocks in Argentina to lead the Market for the next few years.
Sanjay John G.