Dublin, Ireland-based heavy industrial manufacturer Ingersoll-Rand (NYSE: IR ) is laying the groundwork for spinning off its Indiana-based, Ireland-registered Allegion subsidiary.
On Tuesday, Ingersoll named Quanex Building Products (NYSE: NX ) CEO David�D. Petratis as the new chairman, president, and CEO of its soon-to-spin-off Allegion subsidiary. Petratis has served as chairman, president, and CEO of Houston-based Quanex since July 2008.
In announcing Petratis' appointment, Ingersoll-Rand CEO Michael W. Lamach called him "an accomplished leader in the manufacturing and marketing of code-compliant, high-value products that are specified by architects and engineers, and used by commercial and residential builders." Lamach also expressed hope that his "vision and leadership [will] help realize Allegion's full potential."
Based in Carmel, Ind., global security products and solutions company Allegion aims to list its shares on the New York Stock Exchange, using the ticker symbol ALLE. Post-spinoff, the company will boast $2 billion in annual sales of such products as steel doors and locks. This transaction is expected to take place by year's end.
Top 5 Building Product Stocks To Watch Right Now: STR Holdings Inc(STRI)
STR Holdings, Inc., together with its subsidiaries, designs, develops, manufactures, and sells encapsulants for the solar industry worldwide. Its encapsulants protect the embedded semiconductor circuits of solar panels. The company sells its products to crystalline silicon and thin-film solar module manufacturers. STR Holdings, Inc. was founded in 1944 and is headquartered in Enfield, Connecticut.
Advisors' Opinion:- [By John Udovich]
Solar stocks have not exactly given buy and hold investors a smooth ride, but small cap�GT Advanced Technologies Inc (NASDAQ: GTAT) could be an interesting materials play on the solar sector���meaning its worth taking a closer look at the stock along with potential peers like Ascent Solar Technologies, Inc (NASDAQ: ASTI) and STR Holdings, Inc (NYSE: STRI) plus solar ETF Guggenheim Solar ETF (NYSEARCA: TAN). I should mention that just last week, we added GT Advanced Technologies to our�SmallCap Network Elite Opportunity (SCN EO) portfolio for both�fundamentals and technical reasons and we are already up almost 9%.
Top 5 Building Product Stocks To Watch Right Now: Kennedy-Wilson Holdings Inc. (KW)
Kennedy-Wilson Holdings, Inc., through its subsidiaries, operates as a real estate investment and services company in the United States, the United Kingdom, Ireland, Spain, and Japan. The company operates in two segments, KW Investments and KW Services. The KW Investments segment invests in real estate related assets, including multifamily, residential, and office properties, as well as loans secured by real estate. It invests in real estate assets and loans secured by real estate through joint ventures, separate accounts, commingled funds, and wholly owned investments. The KW Services segment provides a line of real estate services for the life cycle of real estate ownership and investment to clients, such as financial institutions, developers, builders, and government agencies. This segment offers auction and conventional sales, property management, investment management, asset management, leasing, construction management, acquisitions, dispositions, and trust services; property management services to real estate owners; and brokerage and marketing services. The company, principally through joint venture investments, also engages in acquiring, renovating, and reselling commercial and residential real estate, as well as investing in loan pools and discounted loan portfolios. As of December 31, 2012, its real estate and real estate related assets under management consisted of approximately 61 million square feet of properties, including ownership in 14,764 multifamily apartment units. The company was founded in 1977 and is headquartered in Beverly Hills, California.
Advisors' Opinion:- [By John Udovich]
Midcaps CBRE Group Inc (NYSE: CBG) and Jones Lang LaSalle Inc (NYSE: JLL) are probably the better known real estate services stocks with the latter surging 12.36% yesterday on impressive earnings, but small cap stocks Kennedy-Wilson Holdings Inc (NYSE: KW) and FirstService Corporation (NASDAQ: FSRV) are also important real estate services providers that you may have overlooked. After all, real estate services stocks like the following would offer exposure to real estate by being invested in property as well as generating revenue from transactions, property management and other services: ��
Top 5 Healthcare Equipment Stocks To Own Right Now: Boot(h)
Henry Boot PLC, together with its subsidiaries, operates as a property and construction company in the United Kingdom. Its property portfolio includes retail warehousing properties, leisure and retail parks, town centre retail and mixed use properties, industrial and office properties, and business parks. The company engages in the acquisition, promotion, development, and trading of land; and holds interest in 8,200 acres of land through ownership, option, and agency agreements. It also involves in construction, civil engineering, and road maintenance activities; and offers construction services to the health, education, housing, custodial, and public sectors. In addition, the company offers a range of products and services for sale and hire, such as fleet of contractors' mechanical plant and equipment ranging from telehandlers to rollers; boom and scissor lift access platforms suitable for slab or rough terrain work; accommodation units for applications, including offices , canteens, showers, toilets, and security stores; power tools and equipment consisting of electric tools, engine powered items, concreting and compaction tools, lightweight access equipment, heating and lighting appliances, and home maintenance items; and fleet of machines for construction and industrial applications. Henry Boot PLC was founded in 1886 and is headquartered in Sheffield, the United Kingdom.
Advisors' Opinion:- [By DAILYFINANCE]
AP WASHINGTON -- President Barack Obama on Thursday chose two old friends with business executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker to the Commerce Department and adviser Michael Froman as U.S. Trade Representative. Pritzker, a Hyatt Hotels (H) heiress, businesswoman and philanthropist, is Obama's pick to fill a Cabinet post that has been vacant since former Secretary John Bryson resigned after he said he suffered a seizure that led to a series of traffic collisions. Froman is one of Obama's law school classmates and senior economic advisers who previously worked as an executive at Citigroup Inc. (C). The Cabinet-level trade post performs as the administration's top adviser and negotiator on international trade. If confirmed by the Senate, Froman would replace Ron Kirk, a former Dallas mayor who stepped down as trade representative in February after serving in the post throughout Obama's first term. Obama made the announcements in the White House Rose Garden just before departing for Mexico. The nominations, which require Senate confirmation, complete Obama's picks to fill his second-term Cabinet. Obama said the two will help fulfill his top priority to grow the economy and create middle class jobs. "I intend to work both of them to the bone as soon as they are official," Obama said to laughter from a crowd that included the nominees' families and administration staff. If confirmed, Pritzker would become the fourth woman serving as secretary in Obama's current Cabinet. She also would be the wealthiest in the Cabinet by far, with Forbes estimating her net worth at $1.85 billion and ranking her as the 277th richest American. Pritzker is a lifelong Chicagoan who has known Obama since the 1990s and raised hundreds of thousands of dollars for both his presidential campaigns. She was his finance chairwoman in 2008, served as co-chair of Obama for America 2012 and gave $250,000 to help put on his inaugu
- [By Dan Caplinger]
4. Hawaii
The poor pay 13% of their income in taxes in Hawaii, although the state has relatively high taxes across the board. Even tourists end up paying at least their fair share of taxes, with a double-digit percentage hotel tax imposed on Starwood (NYSE: HOT ) , Hyatt (NYSE: H ) , and other hotel chains, which they then pass on to their guests. The wealthy in Hawaii pay an average tax rate of 8%, the highest of the states on this list, because of extremely high marginal rates on income taxes that range as high as 11%. The sales tax is relatively reasonable at 4%, but the key problem is that the sales tax applies to grocery purchases, which hits the poor especially hard. - [By Holly LaFon]
After graduating from Harvard University, Mark Hoplamazian earned his MBA in 1989 from the University of Chicago's Booth School of Business. At Booth, Mark became friendly with Tom Pritzker, who then recruited Mark as a young executive for The Pritzker Organization. When no one in the Pritzkers' heavily Jewish family office could pronounce or spell Mark's Armenian Christian last name, Tom nicknamed him "Steinberg." The Pritzker Organization's flagship investment then, as now, was Hyatt Hotels Corporation (H).
- [By Teresa Rivas]
Shares of Hyatt Hotels Corp. (H) were ahead by more than 5% in recent trading, following the company�� strong second-quarter results.
The company said it earned $112 million, or 70 cents a share, up from $39 million, or 24 cents, a year earlier. Excluding one-time items, adjusted earnings rose to 43 cents a share from 24 cents.
Revenue climbed 7.7% to $1.09 billion.
Analysts were looking for per-share earnings of 30 cents on revenue of $1.07 billion.
Revenue per available room, a widely watched performance metric, grew 7.1% at comparable hotels. Occupancy increased to 79.8% from 79.2% and average daily rates moved up by 6.3%.
Owned and leased hotel operating margin expanded to 27.8% from 26.3%.
The company forecast $250 million in capital expenditures for the fiscal year.
FBR Capital Market�� Nikhil Bhalla notes that after three misses in the past year, the Street�� estimates have become more conservative. While he isn�� surprised that markets are reacting positive to the report, he thinks it is still too early to tell if the results are sustainable, as he sees potential softness for group bookings and volatility for China and India properties.
Hyatt is up 16% in the past year.
Top 5 Building Product Stocks To Watch Right Now: Canterbury Park Holding Corporation(CPHC)
Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park racetrack and card room facility in Shakopee, Minnesota. The company operates in three segments: Horse Racing, Card Room, and Concessions. The Horse Racing segment operates year-round pari-mutuel wagering on simulcast horse races, and live thoroughbred and quarter horse races held on a seasonal basis. The Card Room segment offers unbanked card games, which include poker and casino games. The Concessions segment provides food and beverage services for simulcast and live racing, and the card room, as well as for the special events. The company also offers facilities for special events, such as snowmobile races, arts and crafts shows, trade shows, concerts, fundraisers, automobile shows and competitions, vehicle and boat storage, and private parties. In addition, it provides advertising signage space; leases excess parking lot space for various aut omotive activities and vehicle storage; and sells various daily pari-mutuel publications. Canterbury Park Holding Corporation was founded in 1994 and is based in Shakopee, Minnesota.
Advisors' Opinion:- [By Monica Wolfe]
Lastly, Gabelli increased his position in Canterbury Park Holding (CPHC). Gabelli upped his stake 3.18% by purchasing a total of 13,824 shares. He bought these shares at an average price of $11.11 per share, and since then the price per share is up about 3%. Gabelli now holds 447,944 shares, representing 10.74% of the company�� shares outstanding.
Top 5 Building Product Stocks To Watch Right Now: Network Exploration Ltd (NET)
Network Exploration Ltd. is an exploration and development-stage company. The Company�� principal business activities include the exploration of minerals in its mineral properties. It focuses on base and precious metal properties in North and South America. Its activities include the process of exploring its mineral properties, reviewing and subsequently acquiring mineral properties and conducting exploration programs to determine whether these properties contain ore reserves that are recoverable. The Picha copper-silver project is located within the Tertiary Volcanic Arc of Southern Peru. The Pistala project is located east of the NW-SE trending Incapquio fault system in the Department of Tacna, Southern Peru. The Company is in the business of mineral exploration in Canada, Chile and Peru. Network Exploration Chile Limitada is its wholly owned subsidiary. Advisors' Opinion:- [By Damian Illia]
Although the company is overly relying on Afrezza, there is to say that MannKind has inked some deals in the recent past. These were primarily aimed to furthering its pipeline development but with less risk and with less research and development expenditure directly for the firm. In November, 2012 it signed a license agreement with Colby Pharmaceutical Company granting the latter exclusive rights to its early stage cancer program. Currently, the firm is also looking for partners regarding Afrezza. Last year in July, it entered one with Deerfield that ensured financing worth $160 million for MannKind. Also, in October 2012, the company raised $86 million (net) through the issuance of shares and has almost $120 million left under its credit facility. This has removed some concerned about a financial crisis in the company, although it hasn't done so throughly.
- [By Patience Investing Inc.]
Sl. No Portfolio Style Description Annualized Performance (Net) Since Inception or Longest Period Primary Benchmark Relative Performance 1 Emerging Markets Equity Stocks of companies in emerging countries 8.35% 6.29% 2.06% 2 European Equity Stocks of companies in European countries 8.48 6.20 2.28 3 Global Balanced Mix of global stocks and bonds 7.60 6.37 1.23 4 Global Equity Stocks of U.S. & non-U.S. companies 12.40 9.24 3.16 5 Global Mid Cap Equity Stocks of mid-sized U.S. and Non-U.S. companies 3.85 6.14 -2.29 6 Global Small Cap Equity Stocks of smaller U.S. and Non-U.S. companies 6.00 6.26 -0.26 7 International Equity Stocks of non-U.S. companies 9.57 4.56 5.01 8 International Mid Cap Equity Stocks of mid-sized non-U.S. companies 5.61 5.93 -0.32 9 International Small Cap Equity Stocks of smaller non-U.S. companies 7.84 5.87 1.97 10 U.S. Mid Cap Value Equity Stocks of mid-sized U.S. companies 3.40 7.05 -3.65 11 U.S. Small Cap Value Equity Stocks of smaller U.S. companies 3.07 4.84 -1.77 12 U.S. Value Equity Stocks of U.S. companies 6.91 7.81 -0.90 Source: Compiled from http://www.brandes.com/Inv/Pages/Performance.aspx
- [By Jason Rivera]
Assets:Book Value:Reproduction Value:Current AssetsCash And Cash Equivalents506506Accounts Receivable (Net)3,6193,076Inventories10,0006,000Deferred Income Taxes919460Prepaid Expenses799400Total Current Assets15,8439,986PP&E Net2,4151,449Equity and Other Investments4,5763,432Intangible Assets3,1391,570Deferred Income Taxes991496Total Assets26,96417,387
Number of shares is 7,383. - [By Holly LaFon]
The MSCI World ex U.S. Small Cap Index (Net) is a free float-adjusted market capitalization index that is designed to measure global developed market equity performance, excluding the U.S. The MSCI Small Cap Indices target 40% of the eligible Small Cap universe within each industry group, within each country. MSCI defines the Small Cap universe as all listed securities that have a market capitalization in the range of USD200-1,500 million. This benchmark calculates reinvested dividends net of withholding taxes using Luxembourg tax rates. This index is unmanaged and investors cannot invest directly in this index.
No comments:
Post a Comment