I like the country diversification they have:
I haven't dug too deep into the projects and loans they have outstanding and the quality of those projects; though
I like the country diversification that they have, Mexico , Brazil , Chile etc , imo appear to be stabilizing politically. .and these countries have what i would say as fundamental economic drive ( been to Mexico and Brazil) whereas countries like the UK/ Canada/Australia/New Zealand appear to be bent on destroying the fundamental economic drive of the country - just my opinion.
It still comes down to performance though and the profit picture looks good ($1.40/share/1st quarter) with, to the low side, outstanding share count. ( approx. 36 million)
The dividend of .50/quarter ( approx. 35% of earnings) seems high, not sure if it is sustainable - time will tell and the next quarter should be interesting.
BLX definitely added to my watch list and i notice a nice run up recently.
Currently i am heavily invested in OZK and OZKAP, among others - sold out of TPET recently - RS coming, sold out NLST, added to ESPR, others are long term holders