8 Serious Global Stock Picks
05/02/2013 9:00 am EST
There are lots of opportunities for value and growth in a diversified global blue chip portfolio, says Rudy Martin of Latin Stock Investing, and here he recommends a diverse group of companies.
The LSI Model Dividend Stock Portfolio was recently modified extensively into what would accurately be described as a highly diversified global blue chip portfolio. The rebuild involved an addition of eight stocks.
Some of the additions are familiar names, including financial services giants Metlife (MET) and Prudential Financial (PRU), which represent close to $1.5 trillion in assets. Another is Japan’s huge Sony (SNE), the $16.3 billion behemoth whose diverse units cover electronics and entertainment.
Below are some basic facts about the other recent additions to the Model Stock Dividend Portfolio:
Banco Latinoamericano de Comercio Exterior (BLX), known as “Bladex,” is a supranational bank headquartered in Panama and established by the central banks of Latin American and Caribbean countries.
Bladex offers loans, commercial letters, reimbursement undertakings, and discounted notes, among other financial services, to selected banks. In addition, it provides guarantees of official export development programs or receivable financing by private insurance companies. Its syndicated structured financing operations unit distributes and manages syndicated loans and leasing services.
Airline company Copa Holdings (CPA), headquartered in Panama, is geographically in a geographic sweet spot for servicing travel needs in North, Central, and South America, as well as the Caribbean.
Its fleet of more than 70 aircraft offers roughly 300 scheduled flights to 60 destinations in 28 countries. Recently priced at barely ten times earnings, Copa’s stock offers growth potential in addition to a dividend yield just shy of 5%.
Serving more than 50 countries, Mexico’s Cemex (CX) dominates the cement business in the Western Hemisphere, in addition to operations in Spain, Egypt, Germany, the Philippines, the United Kingdom, Croatia, Latvia, and Thailand.
Turkcell Iletisim Hizmetleri (TKC)—known as Turkcell—provides Turkey with mobile voice, Internet, and services over its mobile communications network. The carrier roaming service covers 208 countries through commercial roaming agreements with 662 operators.
Another big telco, PT Telekomunikasi Indonesia (TLK), provides a portfolio of information and communication services in Indonesia, including fixed wireline and wireless telephone, mobile cellular, data, and Internet, in addition to network and interconnection services, directly or through its subsidiaries.