My stock idea for today is based on the incredible performance of Colombia, the leading emerging market of the past year. Colombia is enjoying the benefits of kicking out the drug lords and getting back to the business of economic growth. One of the companies that’s enjoying the experience is Bancolombia (CIB), the largest bank in the country. This is no flash-in-the-pan company. Earnings growth has been steady, with gains of 39%, 45%, 31% and 24% in the last four quarters and the company’s after-tax profit margin reached 20.8% in Q3. The chart for CIB shows a stock that...
