BLX - Bladex Is Fairly Priced And Is A Stable Bet On Latam

• BLX is a conservative bank holding deposits for Latam central banks.
• Net income has a consistent history of 20 years above $80 million and consistent dividends of $40 million.
• With a market cap of $754 million it is trading below 10 times historic earnings and 5% dividend yield.
• BLX has grown between 3% and 8% yearly during the last decade despite Latin America's GDP falling 25%.

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