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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (7347)	8/17/2001 8:58:08 PM
From: Mark Adams	Read Replies (2) \| Respond to of 74559

Own a very small position in NZT too (single roundlot). Most of the other names I don't know first hand. One thing I've noticed in US companies, is they often have currency hedges to partially, if not completely, offset currency exchange rate changes. Either from a cost perspective, or repatriating profit perspective. Usually buried in the footnotes. Now I always thought of this as a potential derivative bomb if things got a bit out of hand (counterparty risk). But it may blow a hole in Cramer's theory that we ought to be loading up on big US global firms as a play on a weaker dollar. Needless to say, I'm not buying any bloated US global players thinking a stronger euro will save their bacon.