Comments on: What is an American Depository Receipt? http://www.bargaineering.com/articles/what-is-an-american-depository-receipt.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: Glenn Lasher http://www.bargaineering.com/articles/what-is-an-american-depository-receipt.html/comment-page-1#comment-229047 Glenn Lasher Thu, 24 Apr 2008 12:47:18 +0000 http://www.bargaineering.com/articles/what-is-an-american-depository-receipt.html#comment-229047 It seems to me (though I am not an investor) that the country risk right now is mostly represented by the current poor state of the U.S. dollar more than by the current state of other currencies. Using your L'Oreal example, I am presuming that L'Oreal is trading in Euro. I think the Euro is pretty stable right now, while the U.S. dollar appears to be very much in the toilet. ...So I guess what that means is that this is a bad time to buy a foreign stock, until such time as the dollar strengthens. At least, that's how I would read it. Take that with the appropriate sized grain of salt, of course. It seems to me (though I am not an investor) that the country risk right now is mostly represented by the current poor state of the U.S. dollar more than by the current state of other currencies. Using your L’Oreal example, I am presuming that L’Oreal is trading in Euro. I think the Euro is pretty stable right now, while the U.S. dollar appears to be very much in the toilet.

…So I guess what that means is that this is a bad time to buy a foreign stock, until such time as the dollar strengthens. At least, that’s how I would read it. Take that with the appropriate sized grain of salt, of course.

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