NET Servicos: A Smart Way To Play the Latin Boom

I was totally unimpressed with
the Mercado Libre (MELI) earnings last week, but that didn't stop the
sheep from buying the stock back up to U$55. As mentioned before, I covered my MELI short at a very
small profit rather
than fight the tide of illogic. I've looked at the company previously, but a few days ago a reader mailed
me and said something along the lines of "What about NETC, dude?",
and he was spot on with the call. Let's have a look at a much better
LatAm company than the overhyped MELI.<!---->

Net Servicos (NETC) is a cable TV/internet/phone company in Brazil.
In fact it's the biggest single cable player in Latin America. In its
Brazil market it maintains a 46% share of the pay TV market, and it
has a rising 17.5% share of the broadband internet market. It has recently
started one of those fashionable 3-in-1 "triple play" packages
for clients that offer cable TV, internet and fixed line phone in a
single package, and the growth shown so far has been very good.