Barron's Plays On Trade With Cuba
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Date updated:05-23-2009

Plays on trade with Cuba.

symbol name last price % change open
  • +
  • CUBA
    The Herzfeld Cari
  • $6.15
  • -4.21%
  • $6.12

There is a way to trade on this uncertainty. Tom Herzfeld's closed-end Caribbean Basin Fund (Cuba) rises or falls in reaction to the latest news flash concerning Cuba. This is because it invests in companies whose shares would be boosted by the embargo's elimination. The fund usually trades at a premium to its net asset value.

People owning CUBA also tend to own: ALNYAMGNAMXASRCDDEMC

TheStreet.com Rating: No Rating What is this?

  • +
  • WU
    Western Union Com
  • $16.14
  • -0.12%
  • $16.35

The closed-end fund's holdings include Western Union (WU), which operates in Cuba, and home builder Lennar (LEN), which Herzfeld says has a business plan for the island.

People owning WU also tend to own: AAADPAVPBACBRK-BBUDCSCO

TheStreet.com Rating: C+ What is this?

  • +
  • LEN
    Lennar Cp Cl A
  • $15.60
  • +1.36%
  • $15.39

The closed-end fund's holdings include Western Union (WU), which operates in Cuba, and home builder Lennar (LEN), which Herzfeld says has a business plan for the island.

People owning LEN also tend to own: ABTBKCATCSCOCTXDEDHI

TheStreet.com Rating: D+ What is this?

  • +
  • SHERF.PK
    Sherritt Intl Cop
  • $6.368
  • 0.00%
  • $N/A

He avoids two Canadian companies active in Cuba -- Sherritt International (SHERF), which runs mines that Castro seized from Freeport McMoRan, and Leisure Canada (LCN.Canada), which develops properties on the island.

People owning SHERF.PK also tend to own: AMNCEOCHEUY.PKDDSESVFINLFL

TheStreet.com Rating: No Rating What is this?

  • +
  • FCX
    Freeport Mcmoran
  • $71.58
  • +3.44%
  • $71.13

Freeport McMoRan (FCX) is one of his holdings because he believes that any thawing of relations will include recompense for its loss. Plus, the mining company will do well as the world's economy recovers and the demand for metals and gold increases.

People owning FCX also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: B- What is this?

  • +
  • SEB
    Seaboard Cp
  • $1269.00
  • +1.93%
  • $1254.00

The fund also has shares of Seaboard (SEB), which operates more shipping routes in the Caribbean than any of its competitors, and shares of Trailer Bridge (TRBR), a transport company in Jacksonville, Fla., whose ships have shallow drafts. (Only three of Cuba's 14 ports are deepwater.)

People owning SEB also tend to own: BRK-ACMEGOOGNVRWPOWTMAAPL

TheStreet.com Rating: C+ What is this?

  • +
  • TRBR
    Trailer Bridge
  • $4.95
  • 0.00%
  • $N/A

The fund also has shares of Seaboard (SEB), which operates more shipping routes in the Caribbean than any of its competitors, and shares of Trailer Bridge (TRBR), a transport company in Jacksonville, Fla., whose ships have shallow drafts. (Only three of Cuba's 14 ports are deepwater.)

People owning TRBR also tend to own: ABVBBDCOINEOCEOSFCOGFA

TheStreet.com Rating: D+ What is this?

  • +
  • WSO
    Watsco Inc
  • $49.52
  • 0.00%
  • $49.97

Herzfeld's fund also holds shares of Watsco (WSO), a Florida air-conditioning distributor; Norfolk Southern (NSC), which connects to the now privately held Florida East Coast Rail Road at Jacksonville; and MasTec (MTZ), a Florida-based infrastructure company founded by prominent Cuban-American Jorge Mas Canosa.

People owning WSO also tend to own: BRNCEWZGGGLBLPRLAXSSLTREMX

TheStreet.com Rating: B- What is this?

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