Jeff Auxier Comments on America Movil

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May 07, 2018

America Movil (NYSE:AMX)

With around two-thirds of the wireless and broadband market controlled, the largest wireless carrier in Latin America is executing well. Industry growth is resulting from growing mobile data usage and low market penetration. AMX has a strong competitive position with family ownership, high returns on invested capital, a strong balance sheet and scale.

From Jeff Auxier (Trades, Portfolio)'s first-quarter 2018 shareholder letter.