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2/19/14

Germán Efromovich is a smart businessman...

...as his short but reasonably accurate Spanish language wikipedia page will attest, as he started and was already rich by the time the year 2000 came around but then moved into the megarich category by making a well timed move into LatAm airline Avianca in 2004. He's a well-known name in the bigmoney LatAm world and that's because he has a smart nose for making and keeping money, so his recent dumping of 441,600 shares of Pacific Rubiales (PRE.to), where he happens to sit as non-exec co-Chair, is interesting. Particularly as PRE had been sinking fast even before Germán started his dumpage (all done via dozens upon dozens of small lot sales too, almost as if he didn't want to attract any attention, innit guv).