For example, I love a naturally healthy lifestyle and do not endorse the concept of using pharmaceuticals. Yet I do not let my personal beliefs blind me to the multi currency investing trends that I see developing.
This is why why several months ago, we looked at the idea of investing in shares of Novo Nordisk in an article entitled “Multi currency investing beats inflation.”
A much as I hate the fact, conditions suggest that we will see a trend away from healthy and organic eating. I believe this trend will shrink because a larger segment of the population will be hard pressed to pay for what they eat even if it is not the healthiest.
Food price will outweigh quality.
Sales of fast, cheap high carb, high fat food will rise…as will blood sugar problems and diabetes.
Novo Norsk is the largest maker of insulin so it makes sense that this company will do well.
Jyske Bank agrees and has given a buy signal on Novo Norsk shares.
Jyske recently set this memo to me.
Novo Nordisk (BUY): Capital-markets day confirms potential
On Friday 26 September, Novo Nordisk held its capital-markets day. The day did not bring any important news but it confirmed our assumptions that the market is underestimating the company”s growth potential within the diabetes business. We particularly have a more optimistic view of the launch of liraglutide compared with the market. Therefore, we maintain our BUY recommendation with a 12-month price target of DKK 380.”
You can read more about these shares in my multi currency portfolios course. You can subscribe to our multi currency portfolios course.
Until next message, good global investing to you.
Merri and I love our lives in North Carolina’s mountains but autumn’s gold is here
Instead of sitting in the cold and gray we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this.
Join us in Ecuador and enjoy the festivals.
Our Oct 14-18 Ecuador Import Export Course has two spaces left.
Enjoy the colors…
and the grace of the people.
Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.
Nov 7-9 2008 International Investing and Business Made EZ Ecuador
See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.
Nov 10-11 Imbabura Real Estate tour
Then travel to the coast. Enjoy the Vistazul fresh seafood caught in front of the hotel by these fishermen on Ecuador’s Pacific.
November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour