Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, December 19, 2014

Article Excerpt

PLEASE NOTE: This is our last Hotline for 2014. Our next Hotline will go out on Friday, January 9, 2015. SHERRITT INTERNATIONAL, $3.23, symbol S on Toronto, has jumped over 42% this week after Cuba and the U.S. announced that they will re-establish diplomatic ties. The company has operated in Cuba for over 20 years and gets about 74% of its revenue from the country. Its Cuban operations include 50% of the Moa nickel and cobalt joint venture, as well as power plants and oil and gas projects. Sherritt is Cuba’s largest foreign investor. This week’s announcement won’t have any immediate effect on Sherritt’s Cuban operations, but it raises the prospect of the U.S. removing the embargo it has placed on the country, something President Obama now plans to work with Congress to accomplish. The embargo prevents Sherritt from having business dealings with companies inside the U.S., including banks. The Helms-Burton Act also prevents some of Sherritt’s directors and officers from entering the U.S. Lifting…