iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

The U.S. is Old Hat

For the most part, “The Fly” has shied away from foreign fuckery, due to some deep embedded paranoia in the back of my psyche, which was implanted by the Illuminati when I was a youngster, regarding foreigners, their mustaches and their stupid countries. Nonetheless, I’ve decided to allocate 20% of my holdings towards foreign stocks, not for trades—but for the long haul. Naturally, the components of my foreign speaking portfolio may change; but the theme will remain constant.

Using The PPT, I isolated the very best names, then proceeded to dig in deeper through various secret means.

Here is my starter list, which will be filtered out several times until I am left with 20 names:

Argentina: Banco Macro SA (ADR) [[BMA]] Australia: BHP Billiton Limited (ADR) [[BHP]] Brazil: [[CBD]] Brazil: Vivo Participacoes SA (ADR) [[VIV]] Brazil: Petroleo Brasileiro SA (ADR) [[PBR]] Chile: Enersis S.A. (ADR) [[ENI]] Chile: Sociedad Quimica y Minera (ADR) [[SQM]] China: Ctrip.com International, Ltd. (ADR) [[CTRP]] China: Mindray Medical International Limited [[MR]] China: Shanda Interactive Entertainment Ltd ADR [[SNDA]] Colombia: Bancolombia S.A. (ADR) [[CIB]] Canada: Yamana Gold Inc. (USA) [[AUY]] Canada: Teck Cominco Limited (USA) [[TCK]] Denmark: Novo Nordisk A/S (ADR) [[NVO]] Finland: Nokia Corporation (ADR) [[NOK]] France: France Telecom SA (ADR) [[FTE]] France: CGG Veritas (ADR) [[CGV]] Germany: Aixtron AG (ADR) [[AIXG]] Germany: Siemens AG (ADR) [[SI]] Greece: National Bank of Greece (ADR) [[NBG]] Hong Kong: China Mobile Ltd. (ADR) [[CHL]] Ireland: ICON plc (ADR) [[ICLR]] India: ICICI Bank Limited (ADR) [[IBN]] India: Tata Motors Limited (ADR) [[TTM]] India: [[INFY]] Israel: Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] Italy: Eni S.p.A. (ADR) [[E]] Japan: NTT DoCoMo, Inc. (ADR) [[DCM]] Korea: POSCO (ADR) [[PKX]] Korea: LG Display Co Ltd. (ADR) [[LPL]] Mexico: Homex Development Corp. (ADR) [[HXM]] Mexico: Fomento Economico Mexicano SAB (ADR) [[FMX]] Netherlands: Core Laboratories N.V. [[CLB]] Russia: Vimpel-Communications (ADR) [[VIP]] Russia: Mechel OAO (ADR) [[MTL]] Spain: Telefonica S.A. (ADR) [[TEF]] Sweden: Autoliv Inc. [[ALV]] Taiwan: Advanced Semiconductor Engineering (ADR) [[ASX]] Turkey: Turkcell Iletisim Hizmetleri A.S. (ADR) [[TKC]] UK: BP plc (ADR) [[BP]] UK: [[CGA]] UK: [[TRIN]]

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41 comments

  1. Docsparks

    Kind sir, I humbly submit STO (Norway, oil). Perhaps it might amuse you…

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  2. HenryFool

    Hey Fly call when something happens I’ll be taking a nap.

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  3. Flipper

    Flip flopping from the good ‘ol USA…eh?

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  4. TraderCaddy

    And why is Romania missing?

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  5. TA

    Teck Cominco in my own backyard of Vancouver has serious debt issues. Management is beyond moronic buying Fording Coal at the top of the cycle paying astronomical amounts for it. Now they are selling off large stakes at cheap prices to keep afloat till high commodity prices return.

    Trade definitely, investment no.

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  6. Itchy & Scratchy

    Where in this list is the Romanian goat-farming ETF?

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  7. stkfulano

    if you do not want fuckery, do not mess with Argentina

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  8. twitch

    I want to pick up MR just because it’s called fucking Mindray Medical Instrument Limited

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  9. bigpun2012

    fly how dare you fucking take your money out of this country. Treason is for bitches.

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  10. dan

    they you should look at CRESY

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  11. kouchuu

    Well we certainly got that robot action. 3:30 on the dot, just as ordered.

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  12. TraderCaddy

    Just do whatever GS is doing now.
    They were given the employment data about ten minutes ago by the White House.

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    • Buckeye Bob

      I had the same thought, the data was leaked, just like last month(before the President’s speech). Maybe Larry should leak it to Harvard so he can make up for that interest rate swap he got them into

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  13. The_Real_Hmmmm

    Like a crazy German at a Women’s tennis match, I’ll take a stab at these foreigners, for amusement, of course.

    Search for ADR, min market cap $B. No short interest sort, these aren’t trades. Sort- dividend yields, debt/equity, industry. I’m guessing you are using dividends because LUKOY isn’t on there for Russia. Good mix here, lots of basic materials and commodity related ones that will do well in a global inflation and depreciating US dollar. Telecom, china interweb, and LPL for obvious reasons.

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  14. TOm

    you forgot Vietnam we have Nike NKE

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  15. mrkcbill

    Onions

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  16. kouchuu

    Well that sucked. I’m off to buy natural gas futures.

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  17. The Fly

    Indeud. “The Fly” and The PPT win again.

    Good Day

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  18. Rallydriver

    Canadian Miners –
    forget Teck, try Rubicon Minerals rmx – traded in US too as rby, and Mercator Minerals – ml in toronto but Mine is in Arizona.
    both are takeover targets – in fact teck is rumoured as one of the suitors of mercator!

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  19. HenryFool

    Tastes like VICTORY to me.

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  20. HenryFool

    Nice close. Bears seemed nervous.

    …It was one of those never short a dull market moments into the close. A few growling bears rolling over.

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  21. Parksloper

    SQM is the Bomb
    You are missing ABB

    Also when is the Blackberry friendly ibankcoin.com coming out?

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  22. The_Real_Hmmmm

    Fuck, definitely PBR has to be a candidate with the new proposed presalt legislation in Brazil released today. That thing will third world print money, dot matrix style.

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  23. needle dick the bug fucker
    needle dick the bug fucker

    ISM Non-Mfg Index

    Released on 9/3/2009 10:00:00 AM For August, 2009

    Prior Consensus Consensus Range Actual

    Composite Index – Level 46.4 48.8 47.8 to 51.0 48.4

    Highlights
    Recovery is elusive for the ISM’s non-manufacturing report which continues to signal month-to-month declines. The report’s composite index did improve 2 points to 48.4 but still remains below 50, signaling that conditions were weaker in August than July. New orders were about even with July, at 49.9, but non-manufacturing firms continue to cut back on staff as the employment index, though improving 2 points, remains well below 50 at 43.5 — meaning that many more respondents said their workforce decreased than increased.

    ””””””””’But there are definitely signs of improvement that point to a plus 50 reading for the composite index perhaps as soon as next month. Prices jumped 22 points to 63.1, a gain, especially given flat fuel prices, pointing to rising demand for inputs. Business activity, akin to a production index, showed an actual month-to-month increase in August, up more than 5 points to 51.3. This index on the manufacturing side rose above 50 in June, by the way matching that month’s cyclical pivot higher in total U.S. manufacturing sales.””””””

    The composite index attempts to anticipate GDP and these results may temper related estimates which have been climbing to as much as 4 percent for next year. But the coincident indicators in this report — the prices index and business activity index — point to ongoing expansion. Yet the headline was weaker than expected, pushing stocks and commodities lower.

    Market Consensus Before Announcement
    The composite index from the ISM non-manufacturing survey slipped to 46.4 in July from 47.0 in June to indicate continuing month-to-month contraction for the bulk of the nation’s businesses. August may be no better as the July new orders index fell back 5 tenths to 48.1 while the employment index dropped almost 2 points to 41.5.

    Definition
    The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade. Why Investors Care

    Maybe the above ism non-mfg is the reason for the spike in gold..

    “Prices jumped 22 points to 63.1, a gain, especially given flat fuel prices, pointing to rising demand for inputs. Business activity, akin to a production index, showed an actual month-to-month increase in August, up more than 5 points to 51.3.”

    Inflation down the road??

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  24. Phil_from_Brazil

    PBR will be a money minter with Presalt coming. It’s only the largest oil find in the past 30 years. No biggie. 🙂
    CBD is good too. VIV is okay.

    I suggest adding VALE as well to complete your exposure to Brasil. The company is well run and trades at a significant discount to other large, low cost producers, such as BHP. In sum, iron-ore oligopolist + Brazil play + low P/E makes for happy invesment.

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  25. JakeGint

    Fly?

    No Equatorial Countries?

    That’s bigotted of you.

    ETQ, you bastid.

    ______

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  26. Indian Call Center Employee
    Indian Call Center Employee

    Happy to see some Indian names.

    Fly,

    If you have any IT issues, please call us. Don’t trust the people who put tomato sauce in your servers. Tomato sauce is not good for servers.

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  27. tampa trader

    anybody else think the market could be going up in response to Obama’s wings getting clipped and his overhaul of the economy getting stalled out and the Republicans having a shot to get back in power in 10 will keep the liberals in check?

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  28. Damon

    The U.S. is “old hat”?

    Right up until you leave the U.S., and see how bad most of the rest of world has it.

    Think gasoline is expensive? Then go over to Europe and buy a couple 5 dollar liters for your Toyota Prius, homo.

    Unless the Fly is trying to be just like George Clooney (buying a chalet on the shores of lake Como and having extremely gay sex), then I would say, go ahead and bank some coin off the “commies” the PPT suggests buying.

    We have some absolutely amazing wild places in our incredibly beautiful country that is America.

    The spaces in-between. Those are the ones I prefer.

    Populations are good, if you like living in the urban zones that are the focus of the “new” (wink, wink, nudge, nudge) New World Order. Color me badd.

    If you don’t like it, then go live in Haiti.

    In the meantime, I am re-loading ammunition, storing gold dust, cigarettes, and liquor in my underground armory.

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  29. sam

    how about UK based company autonomy LON:AU, 25 consecutive quaters growth… it just need some pumping i guess… let me know what you guys think and where do you think this stock is heading..

    • Record revenues, up 55% to $195m
    • Record profit, up 64% from Q2 2008
    • Record EPS up 61%
    • Cash balances hit $190.0 million in quarter end,
    • 25th consecutive quarter of year-on-year growth

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  30. Phanta

    The Fly,
    will you post the top 20, or is that PPT material?
    I paired it down to 25 names so far, would be interesting to compare.

    (CGA is China, not UK)

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