2015 All-Latin America Research Team: Retailing, No. 3: Robert Ford & team
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2015 All-Latin America Research Team: Retailing, No. 3: Robert Ford & team


< The 2015 Latin America Research Team

Robert Ford & teamBank of America Merrill LynchFirst-place appearances: 5

Total appearances: 22

Team debut: 1994Repeating in third place are Robert Ford and his three Bank of America Merrill Lynch teammates. Ford, who works out of New York, is “great at connecting the littlest details then painting an overall picture,” observes one advocate. His team reports on 22 companies and plans to increase coverage this year. Latin America’s retailing shares climbed 10.2 percent during the 12 months through mid-July, while the regional broad market fell 5.9 percent. But “things will be tough for our stocks in the coming year,” says Ford, 50. “In Brazil issuers will face weaker demand, rising operating expenses, higher interest rates and higher taxes — and nearly every other major Latin American economy is expected to be sluggish.” Even so, he adds, “we look for outperformance as retail leaders consolidate share and attractive assets are acquired.”

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