Coca-Cola (KO) is big business, and in Mexico, it’s big business for Fomento Economico Mexicano (FMX). Shares of Femsa, as it is known, look ready to pop, Teresa Rivas writes in this week’s edition of Barron’s. Femsa is a holding company with a near-majority stake in Coca-Cola Femsa, the largest franchise bottler of Coke products in the world by volume, and a growing convenience-store business. With the stock down from its peak, now looks like a good time to buy in, the author adds.
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Read More on FMX:
- FEMSA Divests Equipment Units for $8B Pesos
- FEMSA announces agreement with Mill Point Capital to divest FEMSA’s refrigeration and foodservice equipment operations
- Femsa enters pact with Mill Point to divest refrigeration equipment operations
- Femsa price target lowered to $145 from $160 at Barclays
- FEMSA Schedules Conference Call to Discuss Second Quarter Financial Results
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