Discussion in 'Stocks' started by slickshal, Jan 8, 2007.
i am and the future looks grim
What happens when a company is nationalized?
Do investors get zero or some rock-bottom price?
ouch.. that has to hurt.
you can always put in a .01 bid and hope he changes his mind.
I'm long this stock, too. What happens now?
pray... its very bad news..
the guy got a large mouth, he may just be talking out of his ass. i hope for u it's the case anyways.
best of luck all.
I could have bought this a year or so ago when it was trading at around 12 bucks. I didn't because I always thought nationalisation was very much on the cards. I read an article about Chavez in the Bloomberg magazine too, Chavez would do this to cement his domestic support base.
If you want to play South American telcos I would just do it indirectly and invest in Telefonica, a Spanish company which has a large exposure to Latin America.
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