Fertilizer and industrial gas companies are increasing their capital investments as measured by the ratio of capital expenditures to revenue levels according to a study by the ICIS Chemical Business magazine. From the ICIS Top 100 Chemical Companies 2012 report: For the second year running, the biggest spenders were dominated by fertilizer producers and industrial gas companies, as …
Until a few years ago Chinese stocks were hot and investors bid up the prices to astronomic levels. Then the party ended and most of these stocks came back to earth. In the U.S., most of the Chinese IPOs that were floated at the peak of the China craze have performed poorly. A few have …
Continue reading ‘The Dramatic Decline in Investors’ Interest for Chinese Stocks’ »
The Economist magazine has published a special report on why France could be the biggest danger for the Euro. French politicians have denounced the report with one minister calling the report “absurd and groundless“. However most people, including myself, would agree with the substance of the Economist report. From “The time-bomb at the heart of …
Continue reading ‘Which Country is Better for Investment: France or Sweden ?’ »
BNY Mellon created the following four unsponsored ADRs last week: 1.Company: EI Towers S.p.A Ticker: EITWY Country: Italy 2.Company: Interpump Group S.p.A. Ticker: IPGYY Country: Italy 3.Company: Softbank Corporation Ticker: SFTBY Country: Japan 4.Company: Zignago Vetro SpA Ticker: ZIGNY Country: Italy Last month Softbank paid $20 billion to buy a 70% stake in the US …
In October 2008, the SEC changed a rule encouraging the establishment of more ADR programs. As a result of changes to the Rule 12g3-2(b), the number of Level 1 Sponsored and Unsponsored ADRs have soared. For example, before the rule become effective, there were 169 Unsponsored ADR(UADR) programs. After the rule change the number of UADRs …
Continue reading ‘Conversion of Unsponsored ADRs to Sponsored ADRs Raises Investors’ Interest’ »