TITLE

Into Africa

AUTHOR(S)
Bahree, Megha
PUB. DATE
July 2008
SOURCE
Forbes Asia;7/21/2008, Vol. 4 Issue 13, p115
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on managing director of Auerbach Grayson & Co. Inc., Jonathan Auerbach's faith in sub-Saharan Africa as a place for value opportunities. According to him, cell phones, the spread of capitalism and World Bank-inspired debt forgiveness have decreased inflation and increased boom in its stock markets. It is stated that Auerbach buys stocks based on ratios of price-to-book value and to earnings, rates of growth, rates of inflation and the purchasing power of the currency.
ACCESSION #
34379577

 

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