PSMT was recommended by Cabot China & Emerging Markets Report at $73.71 in Investment Digest issue 706, dated November 2, 2011.
“PriceSmart, Inc. (PSMT, $75), which popped as high as 86 after its October 31 earnings pleased investors, has now dropped to near 72 after a seven-session correction. There hasn’t been any news, but the stock’s dip to its 200-day moving average is ominous. We will take our small profit from our half-position and keep the cash. SELL.”
- Paul Goodwin, Cabot China & Emerging Markets Report, November 15, 2012