Friday, April 18, 2014

What's Going On at the Museum of American Finance in New York

If you are in the New York City area, and you have never checked it you, you should go to the Museum of American Finance, located at 48 Wall Street.

Here are some events that are coming up.

May 7 - Lunch and Learn: The Penn Central Bankruptcy

May 10 Walking Tour: Women of Wall Street

May 14 - Lunch and Learn: The History of Securities Class Action Lawsuits

May 29 - Lunch and Learn: Mark Skousen on "Bear Make Headlines, Bulls Make Money"

Thursday, April 17, 2014

Business Domain Names Being Auctioned at Sedo, the large domain marketplace, is having an auction of website domain names over the next several days. The auction ends on 24th of April at approximately 12 noon EST. You can access the auction here.

Many of the domain names being auctioned off are business related. Here are a few of them:

Wednesday, April 16, 2014

Mexico Stocks, Sí

Mexico Bolsa (stock exchange)
With the change in the natural resource laws of Mexico to allow foreign investments in the production of oil and gas, through production-sharing contracts with Petroleos Mexicanos, also known as Pemex, investors are taking a close look at Mexican stocks.

The publicly traded Mexican companies should benefit from an improving economy, with an influx of investments from other countries. There are in excess of more than 30 Mexican stocks available for trading in the United States, either on the New York Stock Exchange, the NASDAQ, or OTC, based on the list of Mexico stocks at

Investors looking for diversification in Mexico stocks should consider an ETF, such as the iShares MSCI Mexico Capped ETF (EWW), which trades on the NYSE and has a PE of 17. The fund has had an average annual return of 20.44% over the last five years.

Here are some non-resource stocks which pay dividends.

Fomento Economico Mexicano (FMX), which trades on the NYSE, is a bottler and marketer of Coca-Cola along with other beverages. It also owns the OXXO chain of convenience stores, and is involved in transportation logistics. The stock trades at 21 times forward earnings. Revenues for the latest quarter were up 8.2%, yet earnings dropped by 48.8%. The stock generates a yield of 3.3%.

America Movil (AMX), the telecom company, trades at 12 times earnings and yields 1.6%. Earnings for the latest quarter were up 14.8%, on a 3.1% rise in revenues. The yield is 1.7%.

Grupo Televisa (TV), the stock with one of the most popular stock symbols,  is a television programmer and broadcaster, headquartered in Mexico City. The stock has a forward price to earnings ratio of 25, and pays a dividend of 0.4%. Latest quarterly revenues were up 8.3%, with earnings down 17.8%.

 For a list of about three dozen Mexico stocks, which includes the PE ratio, yield, and business sector, go to

Disclosure: Author didn;t own any of the above at the time the article was written.


Is Maserati a Predictor of Italian Stocks?

File:Bridge of Angels.jpg 

Sales for Maserati sports cars are on fire, with advanced orders tripling over last year. Because of that, the company will start offering the Alfieri.

 So what about the rest of Italian companies? The iShares MSCI Italy Capped Index (EWI), which has a goal of tracking the MSCI Italy 25/50 Index, rose significantly more than the S&P 500 during the last twelve months, rising about 45%, versus the S&P which was up less than 20%.

According to the free list of Italy stocks at, there are several Italian stocks that trade regularly in the US, with half a dozen of them paying dividends.

An Italian Company with a One Letter Stock Symbol

One example is Eni SpA (E), an oil and gas exploration and production company which trades on the New York Stock Exchange with the single letter stock ticker symbol 'E'. The stock trades at 14 times trailing earnings and 12 times forward earnings. The company provides a fat yield of 4.7%, payable semi-annually.

Did You See This Eyeglass Company?

Another dividend paying Italian stock is Luxottica (LUX), which also trades on the New York Stock Exchange. This is the world's largest eyewear company, which sells brands that include Ray-Ban, Chanel, Prada, Giorgio Armani, Burberry, Versace, Vogue, and Donna Karan. The company also owns numerous retail outlets, such as Sunglass Hut International, LensCrafters, Pearle Vision, Sears Optical, and many others. The stock has a trailing price to earnings ratio of 38, and a forward P/E of 25. The dividend yield is 1.3%, payable annually.

Telecom Italia (TI), the largest telecommunications company in Italy, also pays a dividend, generating a yield of 1.7%, with a forward P/E of 5.

To see all the other major Italian stocks that trade in the United States, go to The list can be downloaded, sorted, and updated.

Disclosure: Author did not own any of the above at the time the article was written. 

Forbes $400 Off Offer

Forbes Limited Time Discount