Seven Luxembourg Stocks to Watch

Here are some facts about Luxembourg:

1. It has the highest Gross Domestic Product per capita in the world.
2. It is the only sovereign Grand Duchy in the world.
3. It is a founding member of the European Union, NATO, and the United Nations.
4. It has three official languages: French, German, and Luxembourgish.
5. It has low inflation and low unemployment.
6. It has the twelfth highest Human Development Index in the world.
7. It has the fourth highest quality of life of all countries.
8. It is a tax haven.

Here are some great ways to invest in Luxembourg:

Tenaris SA (TS),which was founded in 1909, makes and markets steel pipe products for major pipeline projects. It has a P/E of 14.15, a PEG of 1.85, and a yield of 1.3%. Revenues for the latest reported quarter were up 49.5% with an earnings increase of 14.4%. The company's earnings call is scheduled for next week.

Arcelor Mittal (MT) is the largest steel producer in the world. The stock has a P/E of 11.03, a PEG of 5.83 and a yield of 1.8%. Earnings for the latest reported quarter were up 268% on a revenue increase of 190%. the stock trades on the New York Stock Exchange.

SES Global SA (SGBAF.PK) is one of the largest satellite services companies in the world. The company's largest shareholder is GE Capital, with a 20% ownership. Revenues for the first quarter of 2007 increased 21%, EBITDA rose by 21%, and operating profit went up by 9%.

Stolt-Nielsen SA (SNSAY.PK) is a shipping and seafood company which provides transportation services for bulk liquid chemicals, edible oils, acids and other specialty liquids. Operating revenues for the latest quarter increased by 11.7%, however net income was down 39.3%.

Quilmes Industrial SA (LQU) is a Luxembourg company founded in 1888 which brews and distributes beer in Argentina, Paraguay, Uruguay, Bolivia, and Chile. The P/E is 24.8, and earnings for the latest reported quarter were up 20.7%. The stock trades on the NYSE.

Carrier1 International SA ADR (CONEQ.PK) was a marketer of wholesale bandwidth in Europe. It filed for bankruptcy in 2002.

Transcom Worldwide SA B Shares (TWWBF.PK) is a European call center and debt collection company. Their clients include: DaimlerChrysler, IBM, Eli Lilly, and Shell. It has an operating margin of 4.34% and a return on average equity of 11.56%.

Disclosure: Author does not own any of the above.