PriceSmart Pulls Back: A Smart Time To Buy Emerging Markets?
Key Points PriceSmart issued a tepid report that shows growth and margin expansion.The stock price pulled back in early trading, but the dip was bought.Emerging markets are expected to diverge from the developed world in H2 and outperform.5 stocks we like better than PriceSmartThe opportunity in PriceSmart is two-fold- the company continues to expect growth and is supported by deepening penetration of existing markets and new store count. That combination has the chain of membership warehouse clubs on a sustained growth trajectory, and it trades at a value compared to its US-based counterparts...