2024-04-19 11:38:22 ET
Summary
- Execution risk on Supervielle has risen in light of its current CEO’s recent departure.
- Fundamentally, however, the bank remains on the right track to capitalize on Argentina’s latest regime shift.
- With the stock also priced at a wide relative discount to its peers, there’s arguably more reward per unit of risk here.
Even relative to its Argentine banking peers, many of which have also rallied quite significantly since the election, Grupo Supervielle S.A. ( SUPV ) has been the standout. The next leg of the rally might not be quite as straightforward, however, with execution risk heightened after current CEO Alejandro Stengel’s surprise departure (see press release here )....
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Supervielle: A 'Higher Beta' Play On The Argentine Bank Recovery