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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.
Home / Markets / Industries / Health Care
Thursday, May 15, 2008
The Cooper Companies to Present At Citi's Global Healthcare Conference
Comtex
PLEASANTON, Calif., May 15, 2008 (PrimeNewswire via COMTEX News Network) ----The Cooper Companies, Inc. (NYSE:COO) today announced that Robert S. Weiss, President and Chief Executive Officer, will present at the 2008 Citi Investment Research Global Healthcare Conference to be held at the Hilton New York in New York City on Wednesday, May 21, 2008 at 3:30 p.m. ET.
A live audio webcast of the presentation will be available at www.coopercos.com/investor. The webcast will be archived on the Company's website within 24 hours following the presentation.
ABOUT THE COOPER COMPANIES, INC.
The Cooper Companies, Inc. manufactures and markets specialty healthcare products through its CooperVision and CooperSurgical units. Corporate offices are in Pleasanton, Calif.
CooperVision (www.coopervision.com) develops, manufactures and markets a broad range of contact lenses for the worldwide vision correction market. Headquartered in Pleasanton, Calif., it manufactures in Juana Diaz, Puerto Rico, Norfolk, Va., Rochester, N.Y., Adelaide, Australia, Hamble and Hampshire, England and Madrid, Spain.
CooperSurgical (www.coopersurgical.com) develops, manufactures and markets medical devices, diagnostic products and surgical instruments and accessories used primarily by gynecologists and obstetricians. Its major manufacturing and distribution facilities are in Trumbull, Conn.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: The Cooper Companies, Inc.
The Cooper Companies, Inc. Kim Duncan, Director, Investor Relations 925-460-3663 ir@coopercompanies.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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