Havana Cuba Business

Preparing for post-Embargo post-Castro opportunities in Cuba


 

Seized Cuba Property Stocks


<<< Cuba Travel and Recreation Stocks

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 Phelps Dodge.

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.

NYSE:FCX 

OfficeMax

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.

NYSE:OMX 

Starwood Hotels

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.

NYSE: HOT 

Cuba Stock Index Home >>>


Type in CubaStockIndex.com to return to these pages.

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 restrictions.


Cuba News and Commentary Updated Every Day

View Havana Journal's profile on LinkedIn

Sign up for our Cuba Watch newsletter


Havana Journal, Inc. BBB Business Review