Special Situation - LatAm Edition

Adding a little "spice" to our LatAm exposure!

It has served us well being Brazil Bulls all year, with the Brazil ETF (ticker: EWZ) up +43% YTD and quietly outperforming the Nasdaq being “only” up +21%.

We don’t do much in “LatAm” Special Sits, since the Index was attractive enough, though we recently ventured into YPF before the Argentina elections, scored a nice +40% win in a few weeks and gave Gracias.

This next special situation, will likely be a slow-burner, but it does feel intriguing for many reasons…