Around The World Shopping Spree

TM Editors' Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.

The US dollar is strong. The tendency for investors to invest their capital in domestic equities is irrational. So my bag is packed and it is time to circle the globe on the prowl for a few bargains. I saved you a seat so grab your calculator and some cash and we'll be on our way to scooping up a few quick picks from around the world.

Canada

Before jetting off from North America, it is always worth a quick stopover in Canada to pick up some more Urbana (OTC:UBAAF).

Urbana has done well since I bought it and wrote it up in early in 2013. However, it still trades at a substantial discount to NAV; the management continues to eat away at that discount by paying a dividend and buying back shares.

The strong dollar creates an opportunity to buy more Urbana shares, capture the discount to NAV, and diversify currency exposure. Let's see if we can find additional such opportunities. So, time to get back on the jet for a quick hop across the Atlantic to...

France

With Bordeaux future prices firm due to demand linked to the Chinese bubble, I am going to skip the wine and instead load up on more Societe Fonciere, Financiere et de Participations/FFP (SFFFF) If you have 72.73 Euros to spare, you can buy a share and stick it in your backpack. It costs only 77% of NAV.

NAV has been growing:

The biggest exposure is to Peugeot:

Here is what else they have:

This has been a long idea for some time and it has had a strong year so far, but it is still an opportunity. Onward.

Italy

A little Italian real estate would be nice. Qf Amundi Re Europa, which I mentioned in the past, costs less than half of its net asset value. This is still worth owning.

Don't get too comfortable because it is time for…

Ukraine

Ukraine has been having some trouble, but Ukrainians still eat eggs and so its largest agricultural company, Avangardco (OTC:AGVDY) could come out of it okay. Its share price has collapsed over the past year to 2.78 Euros.

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Chris DeMuth Jr is a portfolio manager at Rangeley Capital. Rangeley invests with a margin of safety by buying securities at deep discounts to their intrinsic value ...

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Kate Monroe 4 years ago Member's comment

I am really intrigued by international stocks, and I appreciate you giving some ADRs and OTC equivalents, but I wish you'd give insight into how to buy the ones not available here - and also, do you suggest buying an ADR, or the stock on its own exchange?