In February of 2016, shares of Arcos Dorados Holdings (NYSE: ARCO) hit an all-time low at $2.21. While the stock was already under pressure due to a strong U.S. dollar and economic volatility in some of its biggest markets such as Argentina and Venezuela, investors were beginning to wonder if the company would even be viable going forward. The reason? A perfect storm of long-term debt issues.
The spring of 2016 proved to be a trough, however. In the last 18 months, “ARCO” stock has staged a vigorous comeback: