This Blog is also available as an RSS Feed

What Does Cuba Hold for Your Stock Yield?

26 February 2008 - News - Editor

Who knows when Fidel’s retirement will get the economy of Cuba moving again? Some stock market quarters have begun to buy everything with the word ‘Cuba’ in its name, but some of these stocks have more business in friendly Caribbean isles, rather than in and around Havana.

Cuba needs just about everything that America can provide, but can they pay for goods and services? The island compensates Venezuela for oil by providing its home-grown versions of healthcare. Will this enthuse any US stock market?

The top pay-off of democracy in Cuba would be to buy some of the natural resources this territory has to sell. Cuba is already a top producer of cobalt and nickel. That is without the latest mining technology. One of its largest mines is named after Che Guevara. Production has stagnated, so that mineral exports contribute very little to the national exchequer as yet.

Venezuela and China are the main trading partners of Cuba, but there is another closer to home: Canada has a firm foot-hold in Cuba, especially when it comes to bringing industrial minerals to the surface. This route holds both profits and safe harbor for US investors looking for stock market gains from new governance in Cuba.

Troll through stocks listed on the Toronto Stock Exchange (TSE) to find top picks that stand to gain from the transition between two Castro brothers. Sherritt International Corporation, which trades with the convenient symbol of just ‘S’ is a great example. The company brings nickel and cobalt from Cuba for processing in the business-friendly waters of Canada Sherritt has a Net Profit margin of nearly 30% over the last four quarters. You need not wait for freedom to take deep roots in Cuba, for this stock to pay!

Share your ideas on Cuba, democracy, and the stock market with our community!

 


Bookmark and Share

jalith: need the information how to start invest in stock market...
www.stockmarkets.com/personal-finance/


StockMarkets.com Team: Thank you for visiting StockMarkets.com. We do not represent the South Pacific Stock Exchange, so pl...
www.stockmarkets.com/exchanges/australasia/south-pacific-exchange/


milika: Can you please give me the listed companies that are in SPSE for my assignment purpose because it is...
www.stockmarkets.com/exchanges/australasia/south-pacific-exchange/


bob: you make loud boasts , but can you show me the opening and closing of the market indexs in South Ame...
www.stockmarkets.com/exchanges/south-america/


kennedy edahdike: with a dynamic emerging global power,a bouyant stock market is a sine qua non for develpoment,the po...
www.stockmarkets.com/exchanges/asia/chinese-stock-exchange/