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Apr 7, 2022Liked by Cyclical Value Investing

Great write up Jonathan. I also agree, as I am also finding great deals abroad. Much of my portfolio now comprises ex-US companies.

I have to say, I personally am quite bullish on Poland, Vietnam, and some specific countries in South/Central America. There seem to be some great deals in those markets, and they are experiencing some major economic tailwinds.

To keep it even simpler, I think one could do worse than simply just buying an EM ETF and letting it ride for a few years...or more.

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Jonathan, great write up. You should also take a deeper look at Pampa Energia, Argentinas, the world's second largest shale deposit. Great value play regarding macroeconomic headwinds and actual energy transitions.

Good article to begin with...

https://seekingalpha.com/article/4415739-pampa-energia-bet-on-vaca-muertaplus-300-upside

Maybe you consider Pampa Energia for a deeper dive article....

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