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Cigars part of U.S./Cuba deal

  • While travel to Cuba strictly for tourism purposes remains prohibited for now, the U.S. is now allowing visits for a long list of other reasons, including family visits, journalistic activity, professional research, and educational and recreational activities.
  • Also as part of the deal, American travelers will be allowed to import $400 worth of Cuban goods, including up to $100 of tobacco products. The products will not be allowed to be resold.
  • This two-year-old profile of Thomas Herzfeld and his Caribbean Basin Fund (CUBA +35.8%) will be of interest. At the time of the article the fund held stakes in a number of companies who would likely see brisk additional business from an opening to Cuba, along with a number of securities - currently valued at zero thanks to the Castro's confiscations - which could rise from the ashes.
  • One sector of interest is cruise ship operators: Royal Caribbean (RCL +3.4%), Carnival (CCL +2.7%), Norwegian Cruise (NCLH +1.6%).
  • Other holdings of CUBA at the time of the article: Seaboard (SEB +0.7%) and Watsco (WSO +0.6%).
  • Previously: U.S. and Cuba move to normalize diplomatic relations (Dec. 17, 2014)

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Royal Caribbean Cruises Ltd.