Some investors believe that pink sheet stocks are just penny stocks and scams. Not true! Pink Sheet stocks shouldn't be dismissed out of hand as sometimes that is the only way to invest in many top quality foreign stocks. As a matter of fact, dozens of European companies have opted out of trading on the New York Stock Exchange and have decided to have their ADR's traded on over-the-counter, such a Bayer (BAYRY.PK), the company that makes the famous aspirin brand along with many other medical products.
Bayer formerly traded on the NYSE but decided it wasn't worth the hassle or expense, so they now trade on the Pink Sheets. The stock has a PE of 23.62, a forward PE of 10.41, and a price earnings growth ratio of 1.85.
Volkswagen AG (VLKAY.PK) is the German car manufacturer which has the Volkswagen, Audi, Bentley, Bugatti, Lamborghini, SEAT, Skoda and Volkswagen Commercial Vehicles brands. The stock has a P/E ratio of 25.89, a forward PE of 10.11, and a PEG of 0.85.
Roche Holding Ltd. (RHHBY.PK), the Swiss pharmaceutical company, has a PE of 16.05, a forward PE of 9.89, and a PEG of 1.14.
Please note, the stock symbols for these stocks use the .PK extension for certain sites such as Yahoo Finance. You can get an Excel list of the top Pink Sheet stocks, which you can download and sort, at WallStreetNewsNetwork.com.
Author does not own any of the above.
By Stockerblog.com
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