Bloomberg reported yesterday that after weakening 20 percent in 2008, the Mexican peso fell to a record low of 14.5/U.S.$, and that RBS Greenwich Capital Markets – click here – predicts a further  4.5 percent drop by June 30. This drop is attributed to the U.S. recession and falling oil prices.

An obvious fallout from this is that anyone owning shares in companies whose principal operations are in Mexico – and a number of the mining companies in the StockResearchPortal.com company universe qualify – ought to carefully assess what this means, either positive or negative, to each of those companies.  Likely each company is being affected somewhat differently.  I suggest the quickest way to determine the affect on a given company is to call the company’s President or CFO and question them about this.  I find these people are readily available to shareholders.  Having said that, I am told by many of them they don’t get a lot of calls from individual shareholders.  I am always surprised when I am told that.  My advice – don’t hesitate to pick up the telephone.

The views expressed in this Post are those of the author. They are offered to readers for information and general guidance only. They are neither intended to, nor should be taken to, constitute economic or investment advice. No check of data underlying articles or comments referenced herein has been made, and no responsibility is taken for them.  See Legal Disclaimer.

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