Some investors were willing to take a chance and get back into the stock figuring it is significantly oversold at current levels and the company reported reasonably good second quarter earnings.
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The markets here and in the U.S. have been moving in the same direction. Today they're up, and moves in Mexico are stronger.Felix Boni
The numbers were really bad at the operating level, especially for the core television business.
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It is a little bit of the season as many people are away for the summer combined with lingering concerns over South America and a wait-and-see attitude to see what happens next with the fiscal reforms when Congress meets again in September.
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Investors aren't validating the market's extreme rise in the first couple of weeks of the year, and it is basically moving back to where it was in December. The market is in a consolidation phase ahead of fourth-quarter earnings to see whether last year's rise is justifiable.
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