OTC Stocks: Good News

I just noticed that now quotes for many over the counter stocks are available real time. Before, until about three weeks ago, they were available only some time after close, which made trading quite hard. Now you can see real time quote information provided by broker and Yahoo! Finance. Of course, I don't care for most of the OTC stocks, they are usually worthless pieces of paper. But, there is a lot of ADRs (American depositary receipts) trading over the counter, and among them you can see such companies as Volkswagen (VLKAY.PK), Nestle (NSRGY.PK), the world biggest food company, Australian and New Zealand Banking Group (ANZBY.PK) and many others. These are big companies, with liquid stocks. There is only one reason they are not listed: they don't want to comply with Sarbannes-Oxley requirements, mostly because it increases costs.

Makes our life a little bit easier. It's always good to find good news, it's even better in bad times.

Full disclosure: at the time of publication author had a long position in ANZBY.PK and no positions in other stocks mentioned. Positions can change any time.