Not currently in, but been watching. Company very quiet -- guess that's the way they are? See this on Yahoo, otherwise see nothing:
Quote:
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It was no rumor, instead Mexico City's Metro/Subway Line 12 stopped operating due to some issues found on the railroad sleepers. Since ICA/Carso/Alstom venture participated on the construction, they could liable. However, ICA has already said they notified about this being a possible issue because the train cars being supplied/used by other company do not meet the specified design standards. SOURCE: ElEconomista "Fallas en Línea 12 tumban acciones de ICA"
So far the investigation is still undergoing, and hopefully ICA does not result liable. If so, the stock should rebound quickly.
Right now might be a good entry point. The 1-year target is $9+ so it represents almost 50% from this level. Less
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ICA
