dadooh27
02-19-2008, 09:23 AM
The handing down of power from Fidel to his brother Raul will probably not alter the governments international policies overnight, if at all, but the news should bode very well for companies tied to business in the Caribbean basin. Hertzfeld Caribbean Basin fd should see some movement to the upside today and through the week depending on how the news pans out. May be a good trade for this week. Shares are up during the time it took me to post this thread 22+%!
Good Luck,
Dadooh
LONDON (MarketWatch) -- Fidel Castro resigned as president of Cuba on Tuesday, with the ailing Communist leader stepping down after 49 years in power.
The 81-year-old Castro made the announcement in a statement to the Communist Party daily Granma, the Associated Press reported.
"I will not aspire nor accept -- I repeat I will not aspire or accept, the post of president of the Council of State and Commander in Chief,'' the statement read.
In practice, his 76-year-old brother Raul has been running the country since July 2006.
The National Assembly meets Sunday to pick the council of state, including the presidency.
There aren't many opportunities for Americans to invest in Cuba given the embargo around the Caribbean nation, though the Herzfield Caribbean Basin Fund (CUBA:Herzfeld Caribbean Basin Fund
News, chart, profile, more
Last: 7.440.000.00%
3:53pm 02/15/2008
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
CUBA 7.44, 0.00, 0.0%) focuses on U.S. and international firms doing business in the Caribbean region that could extend their operations to Cuba. Read archived story.
U.S. sugar refiners including Imperial Sugar (IPSU:imperial sugar co new com new
News, chart, profile, more
Last: 19.620.000.00%
4:00pm 02/15/2008
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
IPSU 19.62, 0.00, 0.0%) could benefit if an embargo was lifted, since the U.S. could decide to import Cuban sugar.
Shares in Imperial Tobacco (UK:IMT: news, chart, profile) , which has purchased Cuban cigar maker Altadis, fell 1.1% in London, and Sol Melia (ES:017625271: news, chart, profile) , which operates hotels in Cuba, fell 1.2% in Madrid.
Good Luck,
Dadooh
LONDON (MarketWatch) -- Fidel Castro resigned as president of Cuba on Tuesday, with the ailing Communist leader stepping down after 49 years in power.
The 81-year-old Castro made the announcement in a statement to the Communist Party daily Granma, the Associated Press reported.
"I will not aspire nor accept -- I repeat I will not aspire or accept, the post of president of the Council of State and Commander in Chief,'' the statement read.
In practice, his 76-year-old brother Raul has been running the country since July 2006.
The National Assembly meets Sunday to pick the council of state, including the presidency.
There aren't many opportunities for Americans to invest in Cuba given the embargo around the Caribbean nation, though the Herzfield Caribbean Basin Fund (CUBA:Herzfeld Caribbean Basin Fund
News, chart, profile, more
Last: 7.440.000.00%
3:53pm 02/15/2008
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
CUBA 7.44, 0.00, 0.0%) focuses on U.S. and international firms doing business in the Caribbean region that could extend their operations to Cuba. Read archived story.
U.S. sugar refiners including Imperial Sugar (IPSU:imperial sugar co new com new
News, chart, profile, more
Last: 19.620.000.00%
4:00pm 02/15/2008
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
IPSU 19.62, 0.00, 0.0%) could benefit if an embargo was lifted, since the U.S. could decide to import Cuban sugar.
Shares in Imperial Tobacco (UK:IMT: news, chart, profile) , which has purchased Cuban cigar maker Altadis, fell 1.1% in London, and Sol Melia (ES:017625271: news, chart, profile) , which operates hotels in Cuba, fell 1.2% in Madrid.