Denmark is one of the founding members of NATO, and is a net exporter of food and energy. It also has a balance of payments surplus, zero net foreign debt, and an unemployment rate of only 3.6%.
Here are several Danish stocks that are worth taking a look at:
Aktieselskabet Dampskibsselskabet Torm (NASDAQ:TRMD), which trades on NASDAQ, is a shipping company which operates oil tankers and dry bulk carriers that transports grain, coal, and iron. The stock has an extremely low P/E of 3.31 and a price to sales ratio of 4.73. They have paid annual dividends for the last five years.
Danisco A/S Unsponsored ADR (OTC:DNSCY), is one of the largest producers of food products, food ingredients, and other consumer products. Its net profits for the latest fiscal year was up 73% over the prior year, on a slight reduction in revenues.
Danske Bank A/S Bearer Shares (OTCPK:DNSKY), is one of the largest banks in Denmark, and was founded in 1871. Its net profits for the first quarter of 2007 were up 22%, on a 14% increase on net interest income.
EuroTrust A/S (OTC:EUROY), owns and manages European real estate, property development businesses, and wind energy farms. It generated a net loss for the latest reported six-month time frame.
H Lundbeck A/S Unsponsored (OTC:HLUKY), manufacturers pharmaceutical drugs for the treatment of psychiatric, and neurological disorders. Its revenues for the latest fiscal year increased by 2%, however, its net profits were down 30% from the prior year.
Novo Nordisk A/S (NYSE:NVO), which trades on the New York Stock Exchange, develops, and sells diabetes care products, and Biopharmaceuticals. It has a P/E of 28, and a P/S of 4.9. It also pays a yield of 1.1%.
Novozymes Unsponsored ADR (OTCPK:NVZMY) is a biotech company which is involved in the development, and marketing of industrial enzymes, and microorganisms. Its sales for the first quarter of 2007 grew by 18%, its operating profits by 15%, and its net profits by 30%.
Vestas Wind ADR (OTCPK:VWDRY), makes and markets, wind turbines. Its revenues were up 6.3% for the first quarter of 2007, and earnings went from a loss, to a profit for the quarter.
Disclosure: The author does not own any of the above.