dailytech.com popular Jul 07, 09 05:58 pm — Many of us have seen a coworker, neighbor, or friend purchase and prominently display a "Buy American" bumper sticker on their domestic automobile. However, in this changing global economy which has seen Toyota and Honda bui...
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Because Toyota is a non-U.S. corporation, there are a couple of things to keep in mind. The stock is traded on the NYSE, so you purchase it like any American stock, by placing an order with your broker. However, what you are buying are American Depository Receipts (ADRs). ADRs represent shares in a foreign company. The actual shares are held by American financial institutions in other countries and are used to reduce costs associated with purchasing foreign securities.
Bottom line, Toyota = foreign company