Saturday, April 15, 2006

An International Stock Worth Researching

The first international stock that I recently came across is Ternium S.A. ADR (TX). Ternium is a steel producer in Latin America and recently came public in February. If you bought Tenaris (TS) at the IPO you would be doing really well right about now. I am not saying Ternium is the next Tenaris but the numbers look good.

Return on Equity
Steel & Iron Industry Average: 33.3% (Yahoo Finance)
Tenaris ROE = 42.6% (Up 281% in Past 12 Months)
Ternium ROE = 49.1%


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