Puerto Rico-based Doral Financial (DRL) used to be a hi-flyer primarily due to sub-prime mortgage lending before the financial crisis. As the stock continued to plunge and headed towards $0.00 the bank implemented a reverse split on August 20, 2007 in the ratio of 1:20 when the stock reached a low of $0.54 a share. …
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Safran SA(SAFRY), the French aerospace, defense and security firm has announced a stock split in the rate of 300%. The ADR Record Date is Nov 6, 2013 and the Payable Date is Nov 7, 2013. Currently the ADR to Ordinary ratio is 1: 1. As a result of the split, the ratio will change as 1 …
Argentina was a pariah of global investors up until last year due to many reasons including the nationalization of the country’s oil company YPF in May.However investors have become bullish on Argentina for the past year according to an article in FT beyondbrics. The benchmark Merval index has almost doubled this year. The following table …
21,000, but who’s counting? (The Hindu Business Line) Why U.S. Dollar Will Remain World’s Reserve Currency, Despite Political Brinkmanship (Charles Schwab) Investors pile into Spanish recovery (EuroMoney) Investors pile into Argentine stocks (beyondbrics) Can the Goldilocks sweet spot continue? (Fidelity) 5 reasons to love dividends (Financial Post) Africa’s Top 200 Banks 2013 (The Africa Report) Missing Workers: The Missing Part of the …
Continue reading ‘Knowledge is Power: Sensex 21000, Piling into Stocks, African Banks Edition’ »
North American railroad stocks are on a tear. The railroad industry is dominated by a handful of Class I railroads that share the most of the freight traffic in the continent. Some of the factors the growth of railroad companies in the past few years include the shale oil boom in the U.S., limited pipeline …
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