In August, I suggested buying the dip in the dominant Chilean beer producer, Compania Cervecerias Unidas aka United Breweries (CCU). Shares had fallen 15% primarily on unfavorable election results in Argentina. Argentina is CCU's second largest market, trailing only their domestic operations in Chile. However, historically, CCU has done alright even during hyper-inflationary Argentine periods, so I argued the sell-off was overdone; CCU would get by fine despite political worries in Argentina.
I stand by that piece of analysis. As it is, Argentine stocks have come roaring back in recent weeks - many