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Shares of PriceSmart, the warehouse retailer that sells consumer goods and perishable foods in Latin America, are up 11.6% to $60.54 as the market nears its close today (July 7).

Volume is very heavy. The shares are already up 140% over the last year. The company came up with great results in its third-quarter report and is going to expand operations in Colombia. It is now big in Costa Rica, Panama, Trinidad, Guatemala and several other locations.

"The growth story has only just begun," says Motley Fool. Stocks of other retailers such as Target are up today.

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Comments

Visduh July 7, 2011 @ 1:13 p.m.

That was a dog stock for many years, and I finally dumped the shares I had quite a while back. They had every excuse in the world for poor performance, including unfavorable currency exchange rates. Now it takes off. Great.

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Don Bauder July 8, 2011 @ 10:22 p.m.

The same thing often happens to me. (Not with San Diego stocks, though. I can't touch them ethically.) Best, Don Bauder

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