Why did Standard & Poor's lower the rating on United States debt from AAA to AA+, while keeping the AAA rating for France? After all France has higher debt per capita than the US. If the country is that strong, maybe there are some strong companies worth looking into.
Lots of investment opportunities abound with French stocks, and according to the list that was just updated at WallStreetNewsNetwork.com, stocks based in France, there are over a dozen with yields in excess of 1.5%.
For example, Sanofi-Aventis (SNY) is the Paris based pharmaceutical company which has products that include Plavix, Ambien, Allegra, and Nasacort. The stock trades at 14.5 times current earnings with a forward price to earnings ratio of 7.4. The yield is decent 3.9%.
France Telecom (FTE) is the largest telecom company in France and the third largest in Europe. The stock has a price to earnings ratio of 10.6 and a forward PE of 7.7. The yield is an incredible 8.1%.
Veolia Environnement S.A. (VE) is a conglomerate involved in four businesses: water and wastewater services, environmental services, energy services, and bus, train, and ferry transportation services. The PE is 36.5 with a forward PE of 7.8. The yield is a nice 9.7%.
To see all of the high yield French stocks that trade on US exchanges, which you can download, sort, and update, go to WallStreetNewsNetwork.com.
Disclosure: Author did not own any of the above at the time the article was written.
By Stockerblog.com
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