BBAR aaand with the announcement of US support for Argentina this morning, she's gone!Banco BBVA Argentina SA Sponsored ADR forum
BBAR aaand with the announcement of US support for Argentina this morning, she's gone!BBAR could be a diamond in the rough, with extreme pessimism towards Argentina present in the marketplace, a mind blowing 17% dividend, and average analyst one year price target of $30/share implying an almost 4x move. Caution is clearly warranted tho lol...It was only a few months back, folks were talking about budding oil prospects in the Permian as a potential catalyst for the economy. Now gloom has set in, and speculation focuses on further downside (against USD) to the already obliterated Argentinian peso.
Can the embattled, progressive Milei turn the ship around with bold libertarian policies? Give it some time, and milk that dividend with DRIP enabled. 🍼😋
BBAR seem like an under capitalized, quality stock with lots of long terms potential. In an accumulation zone. Wait for retest of 2$ bottom, or break out above 4.80 with volume to confirm.