Speculators in the United States have been getting all excited lately over news that things may finally be changing in Cuba – you know, like the generous decision b y the Castro brothers to allow their 11 million subjects to purchase electric toasters. By the year 2010.
Such news has prompted investors and their advisers to look more closely at businesses that could benefit if things really do change across the Straits of Florida.
For instance, the day after Castro I announced his “retirement” as president of the Council of State, shares in Royal Caribbean Cruises (RCL) rose by 2.5 per cent, according to this report in the New York daily Newsday.
That’s because the cruise ship operator would be expected to benefit from any decision to relax trading (and tourism) between the US and Cuba.
Mind you, shares in RCL dropped again within days when it became clear that Castro II was, well, not all that different to Castro I.
Still, it seems that those investors with what is described as “a longer investing horizon” could do well to stay the course, according to the paper.
The other publicly-listed companies identified as probable winners include Imperial Sugar Co (IPSU), Carnival Cruise Lines (CCL) and Altadis, the European group that owns half of the Cuban tobacco industry.