Some people just don't get it. THERE CURRENTLY IS NO MEANS TO INVEST IN CUBA? Show me something you can buy or invest, please. It is purely the potential that is in play here. Think about it, casino's, hotels, cruise's and anything else that has potential for entertainment SOMEDAY. But not yet.
Actually it is listed as a closed end mutual fund, i stand corrected. I would suggest read and possibly re read the prospectus. It does read invests as it legally can in Cuba, but i am unaware of anything at this time.
Poor advise so far. What are you basing your facts on? Seems like wishful thinking from a short sale taking a bath so far.
Anyone short this pig is just foolish, when it reaches 100 maybe but when earnings keep shinning quarter over quarter and outperforms everything in its class you best ride the bull. Seems i last saw robert bashing netflix back when it topped 200. Good luck with your short dude, your advise smells to hi heaven.
I have seen sherritt international, i consider them a mining play with projects all over the world. Only a small limited exposure in Cuba. My statement is valid, there is little or no investment vehicles I can find in Cuba. Show me anything (other than CUBA) that gives me active investment opportunities in Cuba....there aren't any.
Looking at initiating a position here at 82.....good idea or wait for a better entry point in the event of a serious market correction (which is way overdue)
CUBA is not a mutual fund, it is an ETF. They do not have a stock market, purely communist and state runs everything except the black market. US companies have largely been barred for 50 years, which is why I like Herzfeld. Who else has any experience there?
I bought at 9, won't sale until it spikes again to 14ish. I am up thousands, let em keep bashing this turd, i love it.
I would think they are positioned well for some acquisitions, they have half a billion in cash. This would grow the balance sheet, besides Skechers is a relatively small shoe company with lots of room for growth. I still maintain my point, anyone short this pig is just foolish and it will go to 100 sooner rather than later.
I don't often follow his plays but he has called this one well. I bought at 40, he started pumping around 60 (or that is when i first heard him) and u are right....this one has a way to go yet, 100 maybe 120ish. Watching for other acquisitions, they have the leverage.
Keep reading zero hedge robert, the world is coming to an end. I am up thousands and will ride this pig to 100+ good luck with your shorts, stay clean my friend. But please stay downwind, your advise stinks.
Get off this board robert...nothing but trash for weeks. I visit this board and 9 out of 10 posts is your drivel. You really should cover your losses and let others post something of actual intelligence here....GO AWAY.
Do a little research before you start declaring scam. This is a closed end fund and many sale at a premium to NAV, especially when the owner owns 20% of the shares. It has been listed now for 20 years and investment in Cuba has been extremely limited, til now.
Sentiment: Strong Buy
Now in my 50's...i have always assumed in my lifetime there would be lots of condo's and first class hotels dotting the seaside of Cuba. It is about time to see this.
Sentiment: Strong Buy