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Herzfeld CUBA fund up 5.5% today and link to Forbes article about investing in a post-Embargo Cuba.
by Alex Davidson titled “After Fidel” from Reuters
Prior to the 1961 embargo 80% of Cuba’s trade was with the U.S.
Today the Netherlands and Canada are the two biggest recipients of Cuban exports (mostly metal ore, sugar and tobacco); Cuba imports petroleum, grain and electrical equipment from Venezuela and China.
Cuba gets 2 million visitors a year and will appeal to hotel companies and cruise operators, as well as to corporate farmers in need of equatorial sunshine. As for its resources, joint ventures in Cuba with the nickel and cobalt industries brought in $1.3 billion in 2005, while estimates of offshore oil reserves are at 5 billion barrels and of natural gas reserves at 10 trillion cubic feet.
Herzfeld tells eager investors that a postembargo Cuba is all about the ABCs: “A” for aircraft, air-conditioning, autos and agriculture; “B” for boats, buildings, boatyards and banking; and “C” for cigars, casinos and cement.
There is more information about the following companies in the article:
Florida East Coast Industries (nyse: FLA)
Seaboard Corp (amex: SEB)
Watsco (amex: WSO.B)
Royal Caribbean RCL
Carnival Cruiselines (nyse: CCL)
Trailer Bridge (nasdaq: TRBR)
Teco Energy (nyse: TEPRT)
In full disclosure, I am a shareholder of the Cuba fund.
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