Seeking Alpha

Hedged In's  Instablog

I'm a (for now anonymous) manager of a long-short fund which is not open to external investors. I have extensive experience on Wall Street and in the technology industry. I look for strong trends and reasonable valuations (GARP?), particularly in the technology and media sectors. Recently, for... More
  • Which Companies Do Business with Iran? 5 comments
    Apr 23, 2009 09:01 AM | about stocks: E, ALU, BNPQY.PK, PTR, STO, TOT, HAL

    A quick thought: if Iran continues to develop nuclear weapons and to sponsor terrorism, what's the chance that more funds will divest from companies that do business with Iran?

    According to an AEI article published in 2007,

    Firms that do the most business in Iran are French (Alcatel, BNP Paribas, Total), Italian (ENI), Korean (Hyundai), Chinese (PetroChina) and Russian (Statoil).

    If you know of any others, please list them in a comment below.

    Themes: iran, emerging markets Stocks: E, ALU, BNPQY.PK, PTR, STO, TOT, HAL
Back To Hedged In's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

This post has 5 comments:

  •  
    Halliburton sells about $40 million a year worth of oil field services to the Iranian Government. (AP / CBS)
    Apr 23 09:58 AM | Link | Reply
  •  
    Clueless posting: starting with 2007 data, and that Statoil is Norwegian not Russian. So much for fact checking. Might as well add that you don't even know the indirect companies selling in Iran, private companies dealing there (oil), nor the volume of US dollars going to Iran.

    Sure, there might be morally aware funds that avoid investments that might benefit governments they find offensive, but could you name even one? Some might think Switzerland (EWL), but when you look at their private industry control of oil markets, even neutral Switzerland fails the morality test.

    It's almost like buying a new Prius to convince yourself you are "green", rather than getting a nice pair of Nike's or Puma's and just walking. I don't think it is practical to make moral choices with investments, unless you want declining returns.
    Apr 23 06:22 PM | Link | Reply
  •  
    What's the point in divesting and sanctions? Time and time again they have proven to be ineffective and have made the dictators even more stronger.

    I suggest you do some reading:

    www.ingentaconnect.com...;jsessionid=nc16fzva19...

    www.jstor.org/pss/2505...
    Apr 23 07:44 PM | Link | Reply
  •  
    Thanks for the comments. I've added the HAL tag to the post.

    HerrHansa and idiocr4cy: Note that I didn't express any viewpoint about the effectiveness or justification for divestment. I simply speculated that pressure for divestment *could* grow as Iran gets closer to development of a nuke, so it's productive for investors to start thinking about which stocks could be impacted.
    Apr 24 01:12 AM | Link | Reply
  •  
    Statoil is a Norwegian company. If you are looking for Russian companies with ties to Iran, Minatom (nuclear ministry) comes first to ming.
    Apr 24 11:20 AM | Link | Reply
Full index of posts »
Latest Followers

StockTalks

  • If you think the stock market will be flat in 2010, consider also: ERO ICN INR FXY JYF JYN FXM BNZ XRU SZR FXS FXF SZE
    about 4 hours ago
  • If SPY and DIA are flat or down in 2010, currencies could be a good bet because they are absolute return. FXA BZF FXB GBB FXC CYB CNY FXB EU
    about 7 hours ago
  • Wondering what's behind the recent spike in sugar - SGG - in contrast to the performance of many other commodities.
    about 24 hours ago
More »
Posts by Ticker
AAPL, ABX, ADBE, ADE, ADRE, AIG, AKAM, ALU, AMAT, AMD, AMTD, AMZN, ANSW, ARMH, ASA, AU, AUO, AYT, BAC, BBY, BCRX, BDX, BIDU, BIK, BKF, BKS, BNPQY.PK, BRK.A, BRK.B, BZF, C, CAF, CBS, CEF, CEW, CHN, CMCSA, CNY, CRM, CSCO, CSV, CUD, CVS, CYB, DBE, DBO, DBV, DELL, DEM, DGL,

Latest Comments


Most Commented
  1. An Insider's View of Commercial Real Estate (10 Comments)
  2. Which Companies Do Business with Iran? (5 Comments)
  3. Bankrate.com's Final Curtain Call Was an Online Advertising Horror Show (5 Comments)
  4. Soros: This is a Bear Market Rally (4 Comments)
  5. Does This Sound Like 'Do No Evil'? (4 Comments)
Posts by Themes
ads, adsense, advertising, aging, android, arpu, asset allocation, banks, behavioural finance, bonds, bonuses, brokers, buffett, CDN, china, Chrome, coffee, cyclicals, demographics, dialup, dollar, earnings, ebooks, economy, emerging markets, fast food, free, gold, Google apps, government policy, healthcare, hedge funds, hosting, housing, inflation, inflows, internet, Internet advertising, internet advertising, iphone, iran, Japan, Kindle, kindle, krugman, long ideas, luxury, madoff, magazines, market,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.