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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Friday, May 16, 2008
Webcast Alert: IRSA Announces Third Quarter FY 2008 Results Conference Call
Comtex
BUENOS AIRES, Argentina, May 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----IRSA (NYSE: IRS) announces the following webcast:
What: IRSA's Third Quarter FY 2008 Results Conference Call When: Friday, May 16, 2008 at 9:00 AM Eastern Where: http://www.videonewswire.com/event.asp?id=48624 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Esteban Grinberg, egrinberg@irsa.com.ar, 54-11-4814-7846
If you are unable to participate during the live webcast, the call will be archived at http://www.videonewswire.com/event.asp?id=48624 .
Founded in 1943, IRSA is Argentina's largest and most diversified real estate company and it is the only company within the industry whose shares are listed in the Bolsa de Comercio de Buenos Aires and The New York Stock Exchange.
IRSA's principal activities consist of: -- The acquisition, development and operation of office and other non-shopping center retail properties primarily for rental purposes. -- The acquisition and development of residential properties primarily for sale. -- The acquisition, development and operation of shopping center properties. -- The acquisition of undeveloped land reserves for future developments for sale. -- The acquisition and operation of luxury hotels.
IRSA is the best vehicle to access the Argentine real estate market. Its solid and diversified portfolio of properties has established the Company as the leader in the sector in which it participates. The Company's capacity and the strength of its management is reflected by its ability to take advantage of opportunities and maximize the Company's value and return for its shareholders.
The Company's strategy consists in increasing its cash flow, income and value of its assets by continuously expanding its business portfolio.
SOURCE IRSA Inversiones y Representaciones S.A.
http://www.irsa.com.ar
Copyright (C) 2008 PR Newswire. All rights reserved
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