A couple of months ago, I saw a post with info on a Canadian company builing a resort in Cuba. They looked to be gearing up for the tourist influx of renewed relations with Cuba post Castro. Does anyone know their ticker symbol?
Now might be a good time to consider buying Leisure Canada. It is at a multi year low and when Castro dies and the embargo is lifted, the price could start to climb. If you got your feet wet by buying some shares at the present low price and then it took off, then you could have enough money to go to the resorts in Cuba and go to the beach and get your feet wet. Here is what I wrote about the stock on a previous post. Posted February 13, 2004 02:21 -------------------------------------------------------------------------------- WHEN CUBA'S FIDEL CASTRO DIES: Stock to consider LCN.V(Traded in Canada) Leisure Canada $0.24 and 39 Million shares Castro is getting along in years. It's just a matter of time before he is no longer with us and then the embargo will also be a thing of the past and American tourests start to pour into Cuba. And that will be the time when Leisure Canada's stock takes off. It has been in a multiyear slide. A couple of years ago the stock price was in the $2 range. In March it dipped to $0.19 for one day and since then has been around $0.22 When Castro dies and if it started climbing and went back to the $2 range, that would be a 1,000% increase. Shoot, you could use the money you make to go to Cuba on vacation. In recent months Castro has collapsed while giving a speech and there have been rumors that he is ill. Now might be a good time to get into this stock, but keep a few things in mind. In the past year, they have raised money by issuing more stock and thus diluting the price of the stock. Also, people have been bailing out of the stock because they still haven't built their promised hotels. However, they have a magnificient water front property with unpolluted sandy shores and if they do get their act together and build their 5 star resorts and PGA golf course, their stock, I would purely and only SPECULATE, that their stock could reach or pass the $20 dollar range. That would mean that a $2,500 investment would be worth $250,000. Or even just $500 would be worth $50,000. A nice risk/reward ratio. As long as the stock isn't a scam. PS, I don't own any stock at this time, I have been watching it for years, but I am putting more money into my brokearage account and will put in an order to buy it at $0.205 I'll see what happens. Here is what I posted on this stock a while back. Building six 5 Star hotels that will have a total of 4,200 rooms. They are being built on a 5 1/2 square kilometer secluded beach front area in Cuba that has spectacular pristine white sands that rival any other known beaches in the Caribean. Also, no other companies will be allowed to build in the area. Two champion gulf courses are also being specially built so that they are the equal of any in the world. The company is also building Health spas, shopping centers and time sharing villas. On May 30th they were listed on the Frankfurt exchange, the 3rd largest trading volume exchange in the world. They arranged to be traded on the German exchange because Germans are the second largest group of tourists that visit Cuba. At this time, while Castro is alive, our government severly limits American visitor to Cuba. When Castro dies, that will change and Americans will flood into Cuba and the profits of this companies hotels etc. will soar. The stock was recently featured on CNN @ www.leisurecanada.com which shows a 13 minute video clip. You can also see a write up on it on www.vancouvercigar.com/leisurecanada.asp The hotels, malls and time sharing villas are being built to our American standards.
[This message has been edited by STAR GAZER (edited May 30, 2004).]