Banco Latinoamericano Comercio Exterior (BLX)

[Huggy Bear]

Bad timing on the thin out but hey never hurts to book any profit.

Stellar earnings report. Another 25% dividend increase.

[Huggy Bear]

Only Mullen lately. A RS and dilutive machine.

[FACT-MASTER]

No...being an eternal optimist, i can't get my mind around shorting.

How about you?

[Huggy Bear]

Do you ever short big board stocks?

[FACT-MASTER]

It certainly is.

Going in the right direction, however i did reduce here a bit for the time being, on some concerns about some of the economic issues facing Brazil, new administration in Washington - Panama canal and tariff issues on Mexico. Hope my concerns are nothing and might add more depending on how 4th quarter looks.

[Huggy Bear]

BLX is performing stellar as of late.

[Huggy Bear]

Had a very nice time with extended family sir, thank you.

[FACT-MASTER]

Have a great Christmas holiday Bear!

God Bless bro!

fm

[Huggy Bear]

Thank you fine sir.

[FACT-MASTER]

Have a great Thanksgiving holiday Bear!!

fm

[Huggy Bear]

Election day is usually quite volatile in the banking sector. The market hates FUD.

[FACT-MASTER]

Appreciate the information,..appears to be a nice monthly income play,

however, i'm going to pass on this one. I like the path BLX is on, more then what OXSQ is doing. However i'm waiting a bit, to see what happens on the evening of November 5. Still watching to add more BLX.

Elections often cause uncertainty, which at times is negative for markets.

[Huggy Bear]

Take a glance at OXSQ. I'm heavily vested and adding regularly, especially at the current price range.

[FACT-MASTER]

Yeah, what's with this market?

I won't mind seeing BLX depreciate a bit more, i was raising cash today, and looking to add more BLX.
sold out LTBR
sold out the rest of my beloved OZK common (not OZKAP - those are keepers), still like OZK, but something hasn't been sitting right with me about many things lately, the economy, hurricane damages, real estate, commercial real estate, the election, wars and rumours of war, high interest rate environment, etc.,, i'm just sensing that a volatile correction era could be coming, imo.
sold out all IMTX a while back.

Still like ESPR and TCRX in the biotech space.

Anything new in your world?

[Huggy Bear]

Stellar results didn't move the needle at all again. In fact, more minor depreciation.

In the meantime I'll keep stacking outstanding dividends.

[Huggy Bear]

Very impressive financial health overall. Excellent growth YOY.

Undervalued still by every metric out there.

[FACT-MASTER]

Full Report here, Bear

https://www.bladex.com/sites/default/files/2024-10/PR3Q24_Eng_Full%20Report_0.pdf

From page 26: ( of interest)

PER COMMON SHARE DATA:
Basic earnings per share $4.20 $3.28
Diluted earnings per share $4.20 $3.28
Book value (period average) $34.14 $30.53
Book value (period end) $35.61 $31.77

I have to admit, i was slightly concerned with BLX Q3 for various reasons. After reviewing the financials, i like what i see, and this bank is going in the right direction, imo.
I may rotate more into BLX, and perhaps reduce on OZK common.

BLX Q3 Presentation
https://www.bladex.com/sites/default/files/2024-10/3Q24%20Presentation_1.pdf
- nice charts,imo.

[FACT-MASTER]

BLX: Bladex announces 3Q24 Net Profit of $53.0 Million, or $1.44 per share; annualized return on equity of 16.4% in 3Q24

https://finance.yahoo.com/news/bladex-announces-3q24-net-profit-220100357.html

Another excellent quarter.

Nothing going on ah today.

[FACT-MASTER]

BLX: BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR THIRD QUARTER 2024

https://finance.yahoo.com/news/bladex-announces-quarterly-dividend-payment-220000174.html

[FACT-MASTER]

Short lived excitement yesterday.

Yes, earnings ah today.

[Huggy Bear]

Nevermind lol.

[Huggy Bear]

Appears to be excitement going into today's earnings?

AH? I forgot.

[FACT-MASTER]

BLX - ah last at $34.72 !!

https://www.nasdaq.com/market-activity/stocks/blx/after-hours

Summth'in up?

Anything new in your world, Bear?

[FACT-MASTER]

What are your thoughts on BLX upcoming 3rd quarter?

Looks like nuclear stocks are trending,imo. LTBR looks interesting, lower market cap then others in the nuclear sector.
Starter position.

[Huggy Bear]

Valid.

[FACT-MASTER]

If they are able to maintain their dividend of .50 per quarter, coupled with maintaining or growing the EPS, BLX stands a good chance to enter the $35-$40 level, imo.

Rate cuts will help, making dividend yield more attractive, imo. I think that is what is happening with OZKAP.

[Huggy Bear]

Hovering back around all time high. Perhaps it will get thru to the next level this year.

[FACT-MASTER]

BLX: Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) cordially invites you to participate in its upcoming conference call to discuss its 3Q24 results

PRNewsfoto/Banco Latinoamericano de Comercio Exterior, S.A. (Bladex))
Date and time:
Wednesday, October 30, 2024
11:00 a.m. Eastern Time

Presenting for Bladex:
Mr. Jorge Salas, Chief Executive Officer
Mrs. Ana Graciela de Méndez, Chief Financial Officer

Register for the Conference Call
Please click here to pre-register for this conference call.

Bladex's Third Quarter 2024 Earnings Release will be announced on Tuesday, October 29, 2024, after the market closes and will be available on the Bank's corporate website, along with the webcast presentation.

About Bladex:
Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing of its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing 23 Latin American countries, commercial banks and financial institutions, and institutional and retail investors through its public listing.

Contact Information:
Carlos Daniel Raad – Chief Investor Relations Officer
E-mail address: [e-mail]
Tel: [phone]

https://finance.yahoo.com/news/bladexs-third-quarter-2024-conference-120000283.html

[FACT-MASTER]

Bladex strengthens its team with Sergio Olarte as Chief Economist

https://finance.yahoo.com/news/bladex-strengthens-team-sergio-olarte-110000867.html

[FACT-MASTER]

Nice day here at BLX +$1.05

AH close at $33.30!

[Huggy Bear]

Im seeing PBR as an ADR, and dividends are irregular so I'll have to pass.

Plus not a fan of investing in the oil industry personally.

[FACT-MASTER]

I actually just recently bought in, post last PBR dividend record date ( Aug.23 if i recall) so haven't received any dividends yet.

I'm anticipating no foreign taxes to be withheld, but will know for sure when PBR issues their next dividend payment. Will advise.

PBR is common stock, (not ADR), so i'm not 100% sure on the dividend foreign tax policy.

Among the recent news regarding PBR, i was particularly pleased with this news here on PBR entering the Brazilian fertilizer industry:
https://finance.yahoo.com/news/petrobras-accelerates-plan-enter-fertilizer-114100924.html


As a point of information, my dividends recieved on BLX had no foreign tax withheld.

[Huggy Bear]

Do you pay foreign tax on these dividends?

[FACT-MASTER]

Always true.

Invested dividends in PBR ( in around $14.50)

Check it out:
https://finance.yahoo.com/quote/PBR/

Not a big fan of Lulu, however he seems to be o.k.
Luv Brazil.

[Huggy Bear]

Fundamentals don't lie.

[FACT-MASTER]

Smart move, nice recovery here.

[Huggy Bear]

Adding here with dividend funds.

[FACT-MASTER]

So true Bear, i like the way you put that.

BLX performed like the market wants and in return - rejection, fickle indeed.

She'll be back, someday with no expectation and the luv takes it higher.

Speaking of which over at ESPR we are all feeling the rejection, but yet the optimism still is there. i don't know sometimes.

[Huggy Bear]

What a strange day. Earnings up 35% YOY and the stock takes a bath.

The market is a fickle lover FM ...

[FACT-MASTER]

Si, that sounds reasonable.

[Huggy Bear]

Doubt that will hold, but a meager 10x earnings valuation puts this in the mid 50's range.

[FACT-MASTER]

WOW! just checked AH last at $35.45!!

(not sure if that will hold, but looks great at the moment!)

[FACT-MASTER]

I concur, the foray deeper into Mexico is especialemente of interest.

New Mexican President, she is level headed, visionary and i believe she will lead Mexico well with solid economic fundamentals, in the next 6 years, imo. Management at BLX response by expanding deeper into Mexico is very strategic at this juncture, imo.

BLX is one i am holding long term , not trading.

[Huggy Bear]

Growth has been steady and sustained. And it's not showing signs of leveling off.

[Huggy Bear]

That's a 35% increase YOY.

[FACT-MASTER]

BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR SECOND QUARTER 2024

https://finance.yahoo.com/news/bladex-announces-quarterly-dividend-payment-220000040.html

Impressive management here, and with their recent announcments, appear to be in a growth phase,imo.

[FACT-MASTER]

Right on! Bladex announces 2Q24 Net Profit of $50.1 Million, or $1.36 per share; annualized return on equity of 16.2% in 2Q24

https://finance.yahoo.com/news/bladex-announces-2q24-net-profit-220000835.html

[Huggy Bear]

Wait, they reported in AH. These numbers rock.

[Huggy Bear]

Earnings tomorrow.

[FACT-MASTER]

BLX: AH Price/Volume on FIRE!!

Last at $35.05 / 31,000 shares traded AH. ( at the moment)

https://www.nasdaq.com/market-activity/stocks/blx/after-hours