For this reason it would not be strange to you to become to be wrong, this time with the projections in Mexico). On the other hand, the Mexican authorities will stop that growth may decelerate strongly, as demonstrated with the 10 measures implemented a few weeks ago to address the effects of the U.S. economic slowdown. Speaking of Mexican companies, one of them has had a good performance during the first quarter of 2008 and is Wal-Mart de Mexico (BMV:WALMEXV), which on Tuesday presented its financial results. For Eduardo Solorzano, President Executive and Director General of Wal-Mart de Mexico: good results this quarter are given in an environment of low consumption. I want to emphasize that we continue to see a very positive trend in terms of growth in the number of customers, 6.6% to constant Mexican pesos; This reflects the level of loyalty and trust of our customers.
I would likewise highlight the performance of overhead costs, which, despite the additional costs associated with the Wal-Mart Bank, grew by 12% while sales did so in 14% (8% in constant currency), thus allowing both operating income and operating flow (EBITDA) increased 17%. Prospects for this year are positive for Wal-mart Mexico despite the possible impact of the crisis subprime in the us.UU. In its plan for 2008 has planned the opening of 205 units and 33 modules Bank, with an investment of around US $1.2 billion that will also involve the creation of 21,000 jobs. With this investment, Wal-Mart decision of Mexico shows that you go to the domestic market with great growth potential for the coming years. We will meet again tomorrow, Horacio Pozzo Penny Stocks Latam in Spanish cheap actions that analysts would not reveal during the last year and a half, one of the strings of most profitable shares on Wall Street could have become U$ S 200 u $S 9.4 million. I will show you how in one second. I refer to actions which are not mentioned in the stock programs that never appear in The Wall Street Journal or Investor s Business Daily and those by which your stock agent would prefer to die before telling it to you (because you want them for your own portfolio!). Click here to continue reading.