BENTON HARBOR, Mich., Whirlpool Corporation announced the transformation of a logistic center that the company currently owns into a new manufacturing facility in La Tablada City, located in Buenos Aires Province. The announcement was attended by Francisco Cabrera, Argentinean Production Minister, and other government officials. This new facility will generate 300 direct and indirect jobs in the country.
Saving for retirement is a lifelong process but everyone approaches it differently. For some, it means building a stock portfolio while others choose to rely on an IRA, 401k or another retirement account. Another option – and a compelling one for those with a lump sum to invest – is to put your money into real estate. International real estate in tourism-heavy areas, where property prices may be lower, can make for especially good investments.
Algodon Wines & Luxury Development Group: A Decade-Long Investment Thesis Finally Playing Out…
Algodon Wines & Luxury Development Group, referred to as VINO going forward, is one way to play the unlevered assets and the credit expansion of Argentina, and it took some digging to find this name. VINO, while having been put together over the last decade, is newly public - the timing of the go-public transaction no doubt much more than purely coincidental (with the political regime change, Argentinian structural reform, etc.). VINO, while being valued at ~$125 million in market cap, also trades "by appointment" at this point so it's public (again, at this point) only in name and in reporting. This is important to take into consideration when prospecting an investment. An investment in VINO should be thought of as an investment into a private enterprise; something which I find attractive when investing (thus why I'm covering this name).