Venezuelan stocks, according to Financial Times (Ratios*) have an average dividend yield of 20.2% and an average P/E of 2x. By contrast, the stocks in neighboring Colombia average 1% yields and P/E ratios of 19.9x. Much of the Venezuelan discount, of course, is due to the threat of expropriation from the Chavez government. Might some ambitious hedge fund decide to buy up Venezuelan stocks and then try to finance the replacement of Chavez with a capitalist?
The photo above, from Flickr, is of Dayana Mendoza, Miss Venezuela 2008, posing on a boat in Vietnam, where she competed in (and won) the 2008 Miss Universe competition last summer.
*Warning: PDF.
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5 comments:
She was in Vietnam huh...So did Mister Wahl capitalize on his chance?
So close....
Miss Universe makes my 'portfolio' go up.
Daniel might have been in the States at the time, but you'd have to ask him.
The pageant was held in Nha Trang, one of the most beautiful beaches in the world. And pretty far from where I am now.
I'm pretty sure, though, that this picture was taken on a boat near Ha Long Bay, another beautiful spot--and a lot closer to me.
As far as degress of certainty go, I think my chances with Miss Venezuela can accurately be described as slim to none.
But she definitely falls into one of the two categories of beautiful women that I like: foreign and domestic!
By the way, I saw her crowned while waiting for my plane trip to Korea (en route to New York)...
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