Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Darling International (NYSE: DAR ) were looking sweeter today, gaining as much as 15% after acquiring the Rothsay rendering business from Maple Leaf Foods for $614 million.
So what: The food-waste recycling company will purchase the rendering and biodiesel segment from �Maple Leaf as the Canadian food processor has divested from a number of assets as it struggles to turn a profit. The rendering business is a high-margin unit, which recycles animal byproducts into items including oils and soaps, and its acquisition will make Darling North America's largest provider of rendering and recycling services. Rothsay is the industry leader in Canada. Darling plans to fund the purchase under borrowings from a present credit facility.
Now what: No closing date was announced for the deal as it is subject to approval from the Canadian Competition Bureau, but analysts expect the division to change hands by the end of the year. Shares of Maple Leaf jumped 9% on the deal as well, which will shore up its balance sheet. Rothsay should fit in easily with Darling's businesses, which are divided into rendering and baking, and adding its advantage over the competition in rendering can only help. Shares hit a new all-time high on the news.
Hot Japanese Companies To Buy Right Now: Yamana Gold Inc.(AUY)
Yamana Gold Inc. engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. It also explores for copper, molybdenum, zinc, and silver metals. The company's portfolio includes 7 operating gold mines namely Chapada; El Pen Advisors' Opinion:
- [By Doug Ehrman]
On the earnings call, Goldcorp reiterated full-year guidance of 2.55 million ounces-2.8 million ounces; the annual all-in sustaining cost is still expected to come in between $1,000 and $1,100 per ounce. While currently planned expansion projects remain on track, the company emphasized the need for discipline and careful management. Controlling costs across grade qualities was also a theme of the discussion. Savings was also a theme of Yamana Gold's (NYSE: AUY ) release earlier this week, with the firm targeting $150 per gold equivalent ounce in production cost reductions over the course of 2013.
- [By Jim Jubak]
On this scorecard, I think Yamana Gold (AUY) is a good example of what you should be looking for in the sector, even if it may still be a little early in the transition to buy anything. (If you disagree with me on timing, I'd start with a stock such as Yamana. Yamana is a member of my long-term Jubak Picks 50 portfolio. And I do think Yamana is a good trading vehicle for this market in gold.)
Top 10 Canadian Companies To Invest In Right Now: CNH Global N.V. (CNH)
CNH Global N.V. manufactures, markets, and distributes a line of agricultural and construction equipment and parts worldwide. It operates in three segments: Agricultural Equipment, Construction Equipment, and Financial Services. The Agricultural Equipment segment provides tractors, combine harvesters, hay and forage equipment, seeding and planting equipment, tillage equipment, and sprayers, as well as cotton picker packagers, and sugar cane and grape harvesters primarily under the Case IH and New Holland brands. The Construction Equipment segment offers heavy construction equipment, such as crawler and wheeled excavators, wheel loaders, graders, dozers, and articulated haul trucks; and light construction equipment, including backhoe loaders, skid steer and tracked loaders, mini and midi excavators, compact wheel loaders, and telehandlers primarily under the Case and New Holland Construction brands. This segment serves construction companies, municipalities, local governmen ts, rental fleet owners, quarrying and aggregate mining companies, waste management companies, forestry-related concerns, contractors, residential builders, utilities, road construction companies, landscapers, logistics companies, and farmers. The Financial Services segment provides financial products and services, including retail financing for the purchase or lease of the company�s and other manufacturers� new and used products; and facilitates the sale of insurance products and other financing programs to retail customers. This segment also offers wholesale financing to its dealers and rental equipment operators, as well as financing options to dealers to finance working capital, real estate, and other fixed assets and maintenance equipment. CNH Global N.V. sells and distributes its products through dealers and distributors in approximately 170 countries. The company was founded in 1991 and is based in Amsterdam, the Netherlands. CNH Global N.V. is a subsidiary of Fiat Netherlands Holding N.V.
Advisors' Opinion:- [By Mike the PhD]
Historically the stock prices of Deere (DE) and other agricultural equipment firms and retailers like Case-New Holland (CNH), Titan Machinery (TITN), AGCO (AGCO), Tractor Supply (TSCO), Valmont (VAL), and Lindsay (LNN) have tended to closely track the price of corn. When corn prices go up, farmers tend to make more money, and they spend that money on new equipment from Deere and other firms. This relationship is especially strong for Deere and Corn, but it holds true for all of the stocks above to some extent. (Correlation coefficients between all of the stock prices above and corn are statistically significant to at least the 5% level, see my blog here for more details.)
Top 10 Canadian Companies To Invest In Right Now: Progressive Waste Solutions Ltd. (BIN)
Progressive Waste Solutions Ltd. operates as a vertically integrated non-hazardous solid waste management company in North America. It operates through three segments: Canada, the U.S. south, and the U.S. northeast. The company provides waste collection, transfer, recycling, and disposal services to commercial, industrial, municipal, and residential customers in 13 U.S. states, the District of Columbia, and 6 Canadian provinces. It also owns and operates a power generating plant fuelled by landfill gas; and generates and sells methane gas. The company was formerly known as IESI-BFC Ltd. and changed its name to Progressive Waste Solutions Ltd. in May 2011. Progressive Waste Solutions Ltd. was founded in 2001 and is based in Vaughan, Canada.
Advisors' Opinion:- [By Sean Williams]
Keep in mind, though, this is a sectorwide problem, not just one affecting Waste Management. Canada's Progressive Waste Solutions (NYSE: BIN ) delivered an 11% increase in first-quarter revenue but succumbed to a decrease of 0.5% in recycling revenue because of lower realized metal prices. �
Top 10 Canadian Companies To Invest In Right Now: Silvercorp Metals Inc(SVM)
Silvercorp Metals Inc. engages in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada. The company holds interests in four silver, lead, and zinc mines, including the Ying Project, the HPG Project, the TLP Project, and the LM Project at the Ying Mining Camp in the Henan Province of China. It also holds interests in the GC Project, a silver, lead, and zinc mine in the Guangdong Province; and the BYP gold, lead, and zinc mine project in Hunan province, as well as the Silvertip silver, lead, and zinc mine project in northern British Columbia, Canada. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Lisa Levin]
Silvercorp Metals (NYSE: SVM) shares fell 1.30% to touch a new 52-week low of $2.19. Silvercorp's PEG ratio is 5.18.
Bancolombia SA (NYSE: CIB) shares touched a new 52-week low of $47.94. Bancolombia's trailing-twelve-month ROA is 1.45%.
- [By Lisa Levin]
Silver: This industry jumped 2.71% by 10:40 am. The top performer in this industry was Silvercorp Metals (NYSE: SVM), which rose 5%. Silver futures jumped 3.28% to trade at $20.01 an ounce.
- [By Brian Pacampara]
What: Shares of silver miner Silvercorp Metals (NYSE: SVM ) plunged 12% yesterday after its quarterly results disappointed Wall Street.
Top 10 Canadian Companies To Invest In Right Now: Credit Suisse Group(CS)
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.
Advisors' Opinion:- [By Eric Volkman]
The joint book-running managers of the issue are Bank of America's (NYSE: BAC ) Merrill Lynch, Citigroup, Credit Suisse (NYSE: CS ) , and Barclay's (NYSE: BCS ) . The offering is expected to close on or about June 24.
Top 10 Canadian Companies To Invest In Right Now: Potash Corporation of Saskatchewan Inc.(POT)
Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; and industrial acids that are used in food products and industrial processes. In addition, the company produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Further, it holds the right to mine 785,759 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers primarily to retailers, dealers, co-operatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation was founded i n 1953 and is based in Saskatoon, Canada.
Advisors' Opinion:- [By Gavin Graham, President, Graham Investment Strategy, Ltd.]
Potash Corporation of Saskatchewan (POT) has seen its share price fall by half over the last three years and almost 20% in the last month. That's due to the decrease in the price of potash and the collapse of the Belarus Potash joint venture.
Top 10 Canadian Companies To Invest In Right Now: PerkinElmer Inc.(PKI)
PerkinElmer, Inc. provides technology, services, and solutions to the diagnostics, research, environmental, industrial, and laboratory services markets worldwide. The company operates in two segments, Human Health and Environmental Health. The Human Health segment develops diagnostics, tools, and applications to help detect diseases earlier, as well as accelerate the discovery and development of critical new therapies. This segment provides early detection for genetic disorders from pre-conception to early childhood, as well as digital x-ray flat panel detectors and infectious disease testing for the diagnostics market. It also provides a suite of solutions, including instrumentation for automation and detection solutions, in vitro and in vivo imaging and analysis hardware and software, and a portfolio of consumable products, such as drug discovery and research reagents that enable researchers to enhance the drug discovery process. The Environmental Health segment offers t echnologies and applications to facilitate the creation of safer food and consumer products, secure surroundings, and efficient energy resources. This segment provides analytical technologies that address the quality of environment, sustainable energy development, and ensure safer food and consumer products; analytical instrumentation for the industrial market, which includes the semiconductor, chemical, petrochemical, lubricant, construction, office equipment, and quality assurance industries; and laboratory services. The company markets its products and services directly through its own sales forces and distributors for customers, including pharmaceutical and biotechnology companies, laboratories, academic and research institutions, public health authorities, private healthcare organizations, doctors, and government agencies. PerkinElmer, Inc. was founded in 1931 and is headquartered in Waltham, Massachusetts.
Advisors' Opinion:- [By Daniel Lauchheimer]
Let us contrast this with TROV's progress. TROV has secured two critical partnerships -- with Illumina (ILMN), and PerkinElmer (PKI). Company filings on the ILMN deal don't provide much detail, but the filings with the PKI deal detail how PKI wants to use TROV's science to develop a new t assay to detect the presence of hepatocelluar carcinoma (HCC). While these two partnerships do not guarantee approval in any way, they do provide a solid validation for TROV's technology.
- [By Ben Levisohn]
The market erased early-morning losses after strong service-sector data confirmed that the US economy has managed to keep-on keeping-on, no matter what has happened overseas. PerkinElmer (PKI), Boeing (BA), and Keurig Green Mountain (GMCR) have gained, while Plug Power (PLUG) and Tyson Foods (TSN) have dropped.
- [By David Goodboy]
In other bullish news, TrovaGene entered into a material agreement with multibillion-dollar diagnostics technology leader PerkinElmer (NYSE: PKI) to jointly develop a test to determine a person's risk of developing hepatocellular carcinoma (HCC). The terms have not been disclosed, but PerkinElmer will make milestone payments to TrovaGene.
No comments:
Post a Comment