Seized Cuba Property Stocks
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Freeport-McMoRan Copper & Gold
Freeport McMoRan is a US based mining company involved in the exploration and
production of copper, gold, and silver, along with other minerals. On March 19, 2007, the Company acquired
Why this company might benefit from a post-Embargo Cuba: The Moa nickel mine in Holguin
Cuba was owned by Freeport McMoRan but was confiscated by Fidel Castro in the late 1950’s Revolution. Sherritt (see
below) is currently mining nickel out of that mine. Perhaps Cuba will compensate Freeport McMoRan for expropriating
their business and land.
OfficeMax is a US based company that provides office supplies, print and document
services, technology products and solutions and furniture to large, medium and small businesses, government
offices, and consumers.
Why this company might benefit from a post-Embargo Cuba: Believe it or not, Office Max is
the largest property claimant in Cuba. It used to own the Cuban Electric Company NASDAQ:CGAR.PK before it was seized soon after the 1959 Revolution. If there are ever
any claims to be paid out from the Cuban government for expropriating US businesses, then perhaps this "company"
will be entitled to a financial settlement.
Starwood Hotels is a US based hotel and leisure company that owns and operates a number
of brand hotels in many countries around the world.
Why this company might benefit from a post-Embargo Cuba: Fidel Castro seized a hundreds of
millions of dollars of foreign property shortly after he came to power on January 1, 1959. Starwood Hotels has
acquired ownership in seized property and is owed about $50million in damages from the Cuban government.
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Note: US investors should seek compete legal advice when investing in companies
that generate revenues from operations in Cuba since ownership of stock in such companies may violate US Treasury