America Movil is a stock that has been rising for years

Do you know anyone out there that likes to talk and talk? Well in Latin America as in the United States they like to use their cell phones to talk. This is where America Movil (AMX) comes in. They are latin America's number one moble phone company with over 93 million subscribers in 14 countries. Its TelCel unit is Mexico's number one cellular company and accounts for 36 million of those subscribers and half of its sales. The company now owns about 98% of a major Brazilian telecom provider after a recent takeover. The family of Carlos Slim owns about 66% of the company. In case you have not heard Carlos Slim just surpassed Bill Gates as the worlds Richest man according to Forbes Magazine with 59 billion to Bill Gates 58 billion. His Grupo Carso also owns mexico's largest phone company TelMex.
In January of 2003 one share of America Movil was going for about $5. One year later $10. One more year $17 a share. By January of 06 it reached $31. January 07 it hit $47. On December 3rd of this year it opened at $61.66 a share. This means of course that for every $5 you would have put into this company 5 years ago you would be now holding almost $62 in its place. Now you know how Carlos Slim came to have more money than Bill Gates.