The Herzfeld Caribbean Basin Fund, which aims to profit from the resumption of U.S. trade with Cuba, rose 3.9 % after surging 17 % the day before , the biggest gain in its 13- year history.
Its largest holdings include Jacksonville, Florida-based holding company Florida East Coast Industries Inc. and cruise lines Royal Caribbean Cruises Ltd. and Carnival Corp. The Fund’s investment policy is to invest at least 80% of its assets in investments that are economically tied to Caribbean Basin Countries.
The Annual report last year stated ..."We continue to position the Fund’s portfolio in companies we believe will benefit from resumption of trade with Cuba and we have a very good working list of companies we would add to the portfolio once it appears the embargo will be lifted."
Florida East Coast Industries, Inc. 20.54% (real estate)
Seaboard Corporation 10.24%(food processing and ocean transportation)
Consolidated Water Co. 7.51%
Garmin Ltd. 4.49% (GPS receivers based in Cayman islands)
Watsco Incorporated 3.96%
Royal Caribbean Cruises Ltd. 3.52%
Trailer Bridge, Inc. 3.16%
Carnival Corp. 3.11%
Orthofix International N.V. 2.91%
Mexico Fund 2.42%
They also have 10,000 shares in Carlisle ...
There is a curious commercial connection between Cuba and Israel (Israel of course always vote with the US to blockade Cuba at the UN) see here Friday, September 15, 2006 Rafi Eitan - a thoroughly nasty Israeli with very odd Cuban connections ....."There are said to be 1,000 Jews in Cuba, where they have been granted the freedom to worship and receive support from Jews in the United States and Europe. Cuba has five synagogues: three in Havana, one in the central provincial capital of Camaguey and one in the eastern city of Santiago de Cuba." ..." on the 22nd June, 2006 with a massive Menorah lit, at a public Chanukah service by Castro and Eitan together and Tel Aviv's Ashkenazi chief rabbi, Israel Lau was present. The Menorah is 2.5 meters (8.1 feet) tall and 2 meters (6.5 feet) wide and is designed by Israeli sculptor Yuri Matzkin, who teaches at the University of Tel Aviv."
Rafael ('Rafi') Eitan is the is the leader of Gil - Gimla'ey Yisrael (pensioners of Israel ) party which unexpectedly won 7 seats in the Israeli 2006 elections. Eitan is minister responsible for old-age pensions. He is also known as "Stinky" in Israel’s intelligence community , (he fell into a sewage ditch when he was in the Palmach, the strike force of Israel’s pre-1948 defense organization).
" .....In 1981, Eitan was named head of the Defense Ministry's Lekem, the Bureau for Scientific Relations, where he continued work on terrorism. He was said to have planned the bombing of the Iraqi Osirak reactor (after the Iranaians with the help of Israel had missed) and also been involved with in earlier years with kidnapping Eichmann in 1960."
Read on about how Eitan's GBM (Grupo BM) which is incorporated in Cuba, (but Eitan represents the company in Israel under the name Reesimex International Trade Limited) which has invested over US$20 Mn in agriculural and real estate investments.