| Since Bush is a big proponent of the free trade agreement with Mexico,
I think many investors are waiting for the election results. With or
without the agreement, Telmex is a good long-term buy. Japan, Europe
and the U.S. are all continuing to build plants in Mexico. Also,
Telmex has a gaurantee from the Mexican government of monopoly status
for another four years.
--Dave
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| > Why does this stock always seem to be one of the top ten stocks traded
> in they NYSE?
Lots of shares outstanding! The ones trading on the NYSE
are series L ADS ADS (American Depository Shares) shares.
My Nov. 1994 S&P report shows at that time there were
7,952,275,903 L shares, with each series L ADS share
representing 20 series L shares (ie. about 400 million
shares known as TMX). No mention of the # of shareholders
of series L ADS but my guess is there are lots given the
number of shares. Lots of shares and lots of shareholders
means lots of action.
I had used TMX as a "quick pick" twice last year (ie.
taking some quick profits) and bought it back again
last Nov. at 27 1/2 and have decided to hold it this
time even though it's now at 37 3/8 (I only own 125
shares now, but wish I had instead kept the 400 shares
I bought the 1st time in April of last year!).
TMX also pays a Q dividend (only about 2.5% annually at
todays closing price), but it is free of mexican tax so
there is no hassle having to fill out a 1116 for the tax
credit).
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