Legal
Last updated: April 2026
The Investment Case is an independent research publication. The reports, articles, and commentary we publish are for informational purposes only. Nothing on this website or in any of our publications constitutes investment advice, a solicitation, or a recommendation to buy or sell any security.
The Investment Case is a publication, not a registered investment advisor. We are not licensed by the Comision Nacional Bancaria y de Valores (CNBV) or any other regulatory authority to provide personalized investment advice. Nothing we publish should be interpreted as a recommendation tailored to your individual financial situation, objectives, or risk tolerance.
Our reports use a Bull Case / Bear Case / Key Risks framework. We do not issue Buy, Hold, or Sell ratings. Any analytical conclusions we reach are our own views, based on publicly available information, and should not be acted upon without independent verification.
You should consult a qualified financial professional before making any investment decision. Our publications are not a substitute for personalized advice from a licensed advisor who understands your individual circumstances.
Investing in securities involves risk. Past performance does not guarantee future results. The Investment Case accepts no liability for investment decisions made in reliance on our research, or for any losses arising from such decisions. You are solely responsible for your own investment choices.
We make every effort to ensure the accuracy of the information we publish. Our research draws on public filings, official data sources (including Banxico, INEGI, BMV, and company investor relations materials), and other publicly available sources. However, we cannot guarantee the accuracy, completeness, or timeliness of any data.
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Our reports contain forward-looking statements, projections, and estimates. These reflect our analytical judgment at the time of writing and are subject to significant uncertainty. Actual outcomes may differ materially from any projections we present. Forward-looking language ("we expect," "we estimate," "our projection") is not a guarantee of future results.
The Investment Case does not receive compensation from any company we cover. We are not affiliated with any broker-dealer, asset manager, or financial institution. We do not receive payment for coverage from any company we analyze.
At the time of each report's publication, any positions held by the author in securities discussed are disclosed within the report itself. If no disclosure appears, the author held no position at the time of publication.
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