FEMSA's Mixed Second Quarter Isn't A Cause For Concern

The theoretically defensive food and beverage sector hasn't really been all that defensive of late in Mexico, as companies like Arca Continental (OTCPK:EMBVF), Coca-Cola FEMSA (KOF), FEMSA (NYSE:FMX), Grupo Soriana (OGZSY), and WalMex (OTCQX:WMMVY) have all had rather lackluster performances since my last update on FEMSA. While most of these names have managed to outperform the overall index in Mexico, they haven't exactly done well as investors have been much more cautious about the country since the presi ...