About a month ago, I recommended traders consider buying Israeli soda-maker, Soda Stream International (Nasdaq: SODA). At the time, the stock was trading around $40.50. Shares have since soared to about $52.70 for a 22% gain in a few short weeks.#-ad_banner-# I’ve now spotted another international beverage company that has equally strong potential to bring traders double-digit returns in a short time. The stock is of Mexican beverage firm, Fomento Economico Mexican (NYSE: FMX), or FEMSA. It is the holding company for a number… Read More
About a month ago, I recommended traders consider buying Israeli soda-maker, Soda Stream International (Nasdaq: SODA). At the time, the stock was trading around $40.50. Shares have since soared to about $52.70 for a 22% gain in a few short weeks.#-ad_banner-# I’ve now spotted another international beverage company that has equally strong potential to bring traders double-digit returns in a short time. The stock is of Mexican beverage firm, Fomento Economico Mexican (NYSE: FMX), or FEMSA. It is the holding company for a number of profitable food and beverage operations, including Coca-Cola FEMSA, of which it owns more than a 50% stake. Coca-Cola FEMSA is the world’s largest bottler of Coke products with 37 bottling plants across nine countries in Latin America. Having a major stake in Coke products is good news for the Mexican holding company. On a per capita basis, Mexicans are the world’s largest consumers of Coca-Cola. FMX also has the beer industry covered. The company owns a 20% stake in Dutch brewer, Heineken. And for those who get the late-night munchies after a… Read More