Investors who limit their investments to the NYSE and Nasdaq are missing out on some huge opportunities.
Consider Hong Kong-based conglomerate Swire Pacific (SWRAY), which owns 82% of Swire Properties (SWPFY), a Hong Kong property developer that’s looking to expand its operations beyond China. SWPFY is working on the Brickell City Centre, a huge commercial development in Miami. The city center will contain four million square feet of retail, office, condominium and hotel space by the time the downtown development is fully completed in 2019.
As soon as I looked more closely at SWRAY’s entire operations I immediately considered it one of my five OTC stocks to buy. What can I say? I have a thing for conglomerates — even though this sponsored ADR trades just 3,900 shares per day.
I personally don’t have a problem with SWRAYs lack of liquidity but some might. For this reason, I’ll filter my choices for the five OTC stocks to buy so that all of them have market caps of at least $10 billion. That might not placate liquidity concerns (tough to do for any OTC stocks), but at least you’ll know you’re looking at large, fundamentally sound businesses.