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Carlos Slim buys stake in YPF

June 14, 2012 By Clark Leave a Comment


A stock I have been following for a while, simply because of the HUGE dividend (32%) is YPF, the large Argentinean energy company.

YPF has a very interesting back story, as the government of Argentina recently took over the company. The Argentinean government is basically demanding YPF to use its earnings to develop the country instead of paying dividends to investors.

This fact, in addition to the current oil market, has driven down the stock price to the lowest it has been in 10 years. It is currently at $10.45 with a high EPS of 3.

Very interestingly enough Carlos Slim (wealthiest man in the world) acquired an 8.4% stake today.

Definitely worth taking a look at, and this announcement will most likely boost YPF’s price. Not sure how I feel about it yet. If you are looking for high yield with no government drama, albeit not as high a dividend, check out AGNC which I purchased recently and has done well for me.

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Argentinean Internet phenom Marcos Galperin and the creation of MercadoLibre.com, the E-Bay of Latin America.

October 13, 2010 By Clark 2 Comments

Marcos Galperin graduated from the University of Pennsylvania in 1994, later finding a job as a Futures and Options associate managing YPF’s currency and oil derivatives program (YPF is an integrated oil company in Buenos Aires). After YPF, he worked in the fixed income department of J.P. Morgan in New York. Marcos then attended Stanford Business School, where his idea for MercadoLibre.com was born, and his rise to wealth began.

During the late 90′s while Galperin was getting his MBA, he noticed internet start-ups blossoming up all around him. Shortly thereafter, one of Galperin’s professors, Jack McDonald, inspired him to take a shot at [Read more...]

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