Overseas growth noted
Emerging markets in developing countries are driving the U.S. economic recovery and helping U.S. companies return to record profitability, Bob Landaas, president of Landaas & Company, told the Milwaukee Journal Sentinel.
In a Dec. 13 Business section article examining the recent performance of such local companies as Bucyrus International and Ladish, the Journal Sentinel quoted Bob’s remarks on how emerging markets such as China, Russia, India and Brazil are pushing corporate mergers to higher levels worldwide. Both Bucyrus and Ladish announced agreements to be acquired in November.
Exposure to expanding markets overseas is important not only for U.S. companies but also for investors, Bob said.
“If you are U.S.-centric in your view, you don’t get it. You don’t understand what’s driving growth,” the article quoted Bob.
The report was based on the Wisconsin Ticker, a monthly Journal Sentinel Business feature highlighting the top- and bottom-performing stocks issued by Wisconsin-based companies.
Landaas & Company provides the data for the Wisconsin Ticker, based on the value of hypothetical $1,000 investments made one-month and one-year earlier in each of 71 companies.
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initially posted December 14, 2010