FEMSA Stock Declines 36% in a Year: Buy the Dip or Wait for Now?

Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, shares have rolled down 35.7% in the past year. With this decline, FMX shares have underperformed the broader industry and the Consumer Staples sector’s dip of 6.7% and 4.4%, respectively. The company’s shares have also underperformed the S&P 500’s rally of 23.6% in the same period.FMX’s One-Year Stock Performance Image Source: Zacks Investment Research At the current price of $83.59, the FMX stock trades at a 41.7% discount to its 52-week high ...