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Is there any way that I can verify the Canadian grants on a Canadian dot gov web site? The grant news is what I think got my attention in the first place to consider investing in this company, but I am no longer taking most press release news at face value like I use to.
This just turned up in my brokerage news:
Navios Maritime and Navios Maritime Finance Propose Private Offering of $375 Million First Priority Ship Mortgage Notes Due 2017
BY CapIQ
— 09:17 AM ET 10/31/2009
Navios Maritime Holdings Inc. (NM announced that it and Navios Maritime Finance (US) Inc. intend to offer through a private placement, subject to market and other conditions, approximately $375 million of first priority ship mortgage notes due 2017 (the 'Notes'). The Notes will be offered and sold in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), and in offshore transactions to non-United States persons in reliance on Regulation S under the Securities Act. The Notes to be issued by Navios are expected to be guaranteed by all of the subsidiaries that provide a guarantee of Navios Holdings' existing 9-1/2% senior notes due 2014. The Notes will be secured by first priority ship mortgages on 15 drybulk vessels aggregating approximately 1.1 million deadweight tons owned by certain subsidiary guarantors. The net proceeds of the offering are intended to be used to repay borrowings under certain of Navios Holdings' existing credit facilities, as well as to provide additional financing to complete the purchase of two new vessels expected to be delivered in late 2009 and early 2010 (which will then become part of the collateral securing the Notes)."
First I ever heard of NM Finance?
Found a transcript of the 3rd quarter earnings.
http://seekingalpha.com/article/170293-navios-maritime-partners-l-p-q3-2009-earnings-call-transcript?source=email
Interesting. Those 2 are new to me. Good luck with them. I recently moved from a flat lined biotech MF (flat for 4 years) to some of the individual riskier biotech stocks when they got hammered, and 2 of them have risen from the ashes as well. CYTR and MHAN.
Do we have an Ihub biotech board for discussing all the biotechs?
Interesting discussion here.
http://seekingalpha.com/article/170378-geothermal-companies-receive-cost-sharing-grants?source=email
TTNP? Is that the one NVS is buying?
Looking at this chart, this stock is, or is about to be a huge buy! Once it bottoms, if it has not already.
= http://investorshub.advfn.com/uimage/uploads/2009/11/1/bitopCoin_Chart_Oct_30_2009.png
This is my first chart post here, so not sure I am doing it the best way? I ran out of edit time to figure out how to get the image to display directly?
Looking at this chart, this stock is, or is about to be a huge buy! Once it bottoms, if it has not already.
= http://investorshub.advfn.com/uimage/uploads/2009/11/1/bitopCoin_Chart_Oct_30_2009.png
BigGreen101,
What DD made you go long here? I am curious as I think I see subtle warning flags (?) in the history, but you seem a little less biased than most longs here, and maybe more knowledgeable based on you earlier comment about scaling. Do you have any concerns left even though you are long?
Regarding scale up "issues" they include heat transfer rates for one. They are very non-linear as you increase the reactor volume, and mixing (fluid mechanics) becomes an issue and is related to heat transfer and reaction kinetics (selectivity for instance), and efficiency.
For some details see:
http://www.allbusiness.com/manufacturing/chemical-manufacturing/1001994-1.html
http://books.google.com/books?id=UqY2sIdsZxwC&pg=PA268&lpg=PA268&dq=chemical+engineering+reactor+scalling+issues&source=bl&ots=fIqZuZaHC3&sig=qkMFRXlfw-LvTLGQDWv6_OvyhdU&hl=en&ei=kt_tSqTRNYjUsQO_-9n1Aw&sa=X&oi=book_result&ct=result&resnum=7&ved=0CBsQ6AEwBjgo#v=onepage&q=&f=false
http://www.informaworld.com/smpp/content~db=all~content=a776283076
http://www.pnl.gov/microcats/aboutus/research/ott.html
If you want more details, google it or sign up for a 5 year Chemical engineering degree plan just to get your feet wet on the topic.
I'm on board here. I was told by a TA a few weeks back that it was time sell NVS, but I held. Glad I did, as NVS broke out over a multi year upper resistance trend line at about $50, and turned that line into support. We are still holding above that support in spite of the recent massive market down turn. Biotechs like this one seem to hold up much better than other sectors in a sell off like we are seeing right now.
Nice DD work Kenny!
Keep up the good work. That one will be very hard to explain away.
Chemical Reactor designs always have scale up design issues. It is the nature of the beast. Any chemical engineer will tell you that. It is those very scale up issues that keep most bio-reactors in the pharmaceutical industry under a certain volume size. Not all chemical reactors are batch, or bulk vessel designs. Some are plug flow, continuous reactors.
I have been seriously considering investing in this company, working on more DD first, and found some disturbing background information on the CEO. I have not come to any final conclusion except to continue doing more DD, as the tech sounds interesting, but I am VERY concerned about this:
http://www.canada.com/vancouversun/columnists/story.html?id=13b7038a-34b0-4b26-94f7-c1cc0deebd9d
And even more disturbing is the stock of the company he was at last as CEO, LXES is nearly worthless now. Just search LXES and the search Mantra's CEO name.
Here is 3 year chart going to back to when he was the LXES Ceo.
http://www.marketwatch.com/investing/Stock/LXES
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=lxes#getQuote
If any one can explain this and back up the explanations I would like to hear them.
When fear takes hold of the market many good (or great?) stocks like this one get run down to even lower bargain basement prices. I still recall some stocks so cheap in march it was obscene. One was an oil and gas stock in a Fidelity Mutal fund for .20 (which i bought), that hit a $2.00 high 3 weeks ago (I sold too early at $1.20, RAME). Now back at $1.50, and heading south again. Real oil and gas company. So no stock price is save during volatile conditions like this week. Note the VIX is way up again this week and broke out to the top side.
COIN has been far more stable (less volatile than RAMR) than that in the last 52 weeks, but if panic sets in, in the next week or two, many great stocks could get hammered again like in March. I don't expect anything like the March lows, but the last correction in June-July isthe likely pattern that has started, so I am keeping some dry powder, and some Puts in play so as to have cash to buy more stocks at the next big lows which I expect we might see in the next 2 weeks.
I won't be surprised to see COIN hit .50 in the next 2-3 weeks, unless it comes out with timely news that holds it up on panic days (note that my APWR stock I am also long on did just that during the Wed & Fri panic sell offs this week, and Coin could do the same!) in Which case this price might be the last bargain level, or bottom. So don't be surprised if it bounces between .50 and $1.00 the next few weeks, as it is not COIN's fault, but the recent highs and fear (mixed with greed) making the market more volatile again like it was earlier this year.
Bottom line is for potential investors looking at COIN, IMHO if you don't own any yet, this is a good price to START buying some shares (but don't jump all in with everything!), but hold some cash too for a possibly lower add over the current market correction (next 2-8 weeks)should it continue. Buy it for the long haul looking at 9-18 months for it to go to the $2-$4 range, depending on how the overall market performs.
Coin was far less financially sound 6 months, 12 months and 18 months ago, than it is now! And the current price (IIRC) is about 20% of it's 2 year high, and 1/3 of its 4-6 month ago high. Long story short this is good stock to start accumulating this month, even if it goes lower.
I don't think RWE is public, is it?
Nice piece of surprise news on a bloody October day for sure! When I noticed the close up in price on the worst down day for the market in many months, I had to check for news here. Sure enough a cool large DOE grant!
We beat the major indexes big time here today!
So does that qualify this as a THERMAL (HOT) stock today? LOL!
Nothing is too big to fail, but I am long here. Price held up surprisingly well here today in spite of a near 3% crash of the major indexes. WE outperfomed the SPX and INDU today folks!
Wonder if it was partly the news. All I know is we seem to be in a strong support area. Good to know as the overall markets seem to be bound for lower lows. My best guess is we are heading lower market wise as the dollar bounces up, and oil, gold and stocks slide lower, till about mid November.
I did, and I am am keeping my longs like this one, and I bought some oil stock puts last week at the last highs to CMA as the markets slide in this current correction phase. Then if I am lucky enough to pick the bottom I will sell the puts and buy more stock(s).
I thought NM's price held up quite well today. It outperformed the major indexes which were WAY down. It is also near a 52 week high and holding, with a huge apx 12% dividend!
Interesting. I thought NM was also posting earnings this week, but I guess not. Sometimes the news wires confuse NM with NMM. Capex rates took a nice jump up again on the laestt BDI rates, taking the BDI up 1% again.
In case no one has noticed (LOL) we seem to be in a medium term down turn correction in the markets (except for the dollar which is in rally mode). I bought what I think is some real cheap short term insurance for further temporary large moves against my long position in FRE. And they are still cheap as hell. I bought $1 Dec puts for FRE, at only .05 each. We were at 1.06 at one point just last week when the market was still higher than todays new (recent) low. What I can not figure out is why the $1 puts are still so cheap. Something to watch anyway.
Actually we held up pretty well today considering how bad the current market direction is going. We are much closer to a bottom here on COIN than many other stocks are right now. But to be honest we seem to be in a major market correction down trend, at least until mid November (that is my target for a market low and a rebound as options expire the third week of Nov, then maybe a good rally for 2 weeks, and then another run to test lows into the last 2 weeks of Dec. I expect to see a large volatile trading range trading lower for a while now compared to the last 6 months.
I am holding my stocks like this one, and I bought puts on some oil stocks last week which are already dropping (stocks dropping, puts rising) and I expect them to drop a lot lower based on oil, the dollar, and other market dynamics, which are more predictable than a sometimes news driven stock like COIN.
My idea being to be able to hold my tech / green longs like COIN for the long haul, and protect myself from any losses caused by following the broader market. If my plan works I sell the puts in 2 weeks for a large gain and buy more COIN if it has gone down or is still on sale at today's prices.
I think we still have COIN earnings coming up soon, and some will see the change in the book value that is up 1000% since the new issue!
This stock is selling now for twice the cash it has in the bank, and 1/3 of its recent high! Hell of deal. If you wait a week or 2 to buy you might get a lower price, but you risk news coming out and pushing it back over a dollar any time. Even it drops another 50% (which I seriously doubt) I am far less worried about the long term future of the stock than any one I hold right now. If you are new to the stock I would scale in with buys over the next 2-3 weeks in case it gets 10-20% lower on a few more bad days like today, but in six months I doubt we will ever be below $1 again.
That plus Mr. Market seems to want to track lower for a while now with a correction. I have bought some puts on other stuff to cover any market losses near term so I can stay long with stocks like this one. Once the current down trend (Markets) bottoms I will sell the puts and buy more longs like this one. I don't dare sell a stock like this one, as big news is not predictable like some market moves are. Just my current strategy.
But I will be watching for anymore fire sale prices here to buy!
The answer is yeas, the project size is equal to half of annual plant capacity. Total project size was 1.5 billion dollars. And it breaks APWR into the largest wind market in the world! Also of interest is that APWR owns part of the company that will own part of the wind energy farm.
I think a few are just risking taking some of their cash out to play other stocks that got hammered yesterday, and rose today. Risky as this stock could jump any day on unexpected news, but it could also drift lower for a while.
I am long, but I also bought some real cheap $1 Dec puts earlier this week (.05 each) to protect from any more blind side attacks like the last one.
I need to reread it after the market closes, but IIRC the order volume was equal to half the annual capacity, or close to it. May take a while to fill the order, but that is supper bullish for APWR, IMHO. I have moved my target price for 12-18 months up $20. Earlier this year they got a huge port & LNG pipeline deal that was twice previous annual sales IIRC (one order, 2 year contract?), that starts next year too. The stock has been very volatile, high beta to the market indexes, so wait for big dips like yesterday to buy, but I think it has a good long term trend higher.
So much for that negative wind article. Looks like hot air on today's news of huge project in Texas that APWR subsidiary will do a JV deal with for huge wind power farm using APWR wind turbines. APWR is already up nearly 20% today and climbing fast. Note that we were down about 10% yesterday, so I won't be surprised to see us hit a 30% up day for once here. That one deal looks like 50% of the plant annual capacity in one order!
"A-Power Energy Generation Systems Ltd. Designated to Supply Wind Turbines to a 600MW Wind Farm in West Texas
China-US Wind Farm JV Plan Calls for 240 Units of 2.5MW Turbines to be Purchased from A-Power
SHENYANG, China, Oct. 29 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems Ltd. (NASDAQ:APWR) ("A-Power" or the "Company"), a leading provider of distributed power generation ("DG") systems in China and a fast-growing manufacturer of wind turbines, announced today that the Company has been designated to supply wind turbines to a China-U.S. joint venture project ("JV Project") to develop a 600MW wind farm in West Texas.
At a joint press conference held today at 12 p.m. EDT, at the National Press Club of Washington, D.C., it was announced that Shenyang Power Group ("SPG"), the U.S. Renewable Energy Group ("US-REG") and Cielo Wind Power LP ("Cielo Wind"), signed a joint venture framework agreement ("JV Agreement") setting forth plans for developing the 600MW wind farm. The terms of the JV Agreement include the JV Project's plans to sign a definitive purchase agreement with A-Power related to the purchase of up to 240 units of 2.5MW wind turbines. The JV Agreement includes a delivery schedule starting in March 2010, subject to SPG securing third-party financing, among other conditions. A-Power currently has an annual production capacity for 1.1GW of wind turbines at its 320,000-square-foot facilities in Shenyang. A-Power is a shareholder of SPG.
The JV Project, which when established will be 49% owned by SPG, with the rest of the equity ownership held by US-REG and Cielo Wind jointly, is expected to be one of the largest wind farms in the United States. Upon completion, it is anticipated to generate enough electricity for 180,000 homes in America. The JV Project is expected to cost in total approximately $1.5 billion, a portion of which is designated for wind turbine purchases, and its establishment is subject to, among other things, further due diligence by the parties, the securing of financing from commercial banks in China, and other project development conditions.
"A-Power welcomes the opportunity of participating in this high-profile wind power project in the United States," said Mr. Jinxiang Lu, Chairman and CEO of A-Power and CEO of SPG. "As both a supplier to the JV Project and an equity-owner of SPG, A-Power will be able to export its wind turbines for the first time and reduce its exposure to the intrinsic risks associated with such a large-scale project. We like the tremendous opportunities in the United States, which is the world's largest wind power country. We are cognizant of the recent policy push by the Obama Administration in the renewable energy sector, and a stabilizing financing environment for renewable energy projects. And we are attracted to the track record of Cielo Wind, the largest privately held wind power project development company in the Southwest United States, with a 16% market share for wind power installation in Texas. In this JV Project, and the sales we expect to make to the joint venture, all of A-Power's previous investments -- in production scale, in foreign technology licenses, and in alliance with other power plant service companies -- are expected to come to fruition, and we look forward to entering into a sales agreement with the JV Project and moving ahead with the production schedule as set forth in today's JV Agreement."
Heads up people! We just spiked the koolaid with and article in Power Engineering magazine! And we are back up green this morning.
"Power Engineering Spotlights Carbon Sciences' Technology as Alternative to Carbon Capture and Sequestration (CCS)
SANTA BARBARA, CA -- (Marketwire) -- 10/29/09 -- Carbon Sciences Inc. (OTCBB: CABN) (CABN), the developer of a breakthrough technology to recycle carbon dioxide (CO2) emissions into gasoline and other portable fuels, was featured in the Headline News section of the October 27 edition of the Power Engineering E-Newsletter: http://tr.im/Degb. Subscribed to by over 45,000 power generation professionals, this weekly communication covers the latest trends and technological advancements in the industry.
The article, titled "New technology recycles CO2 into fuel," points out that "cutting carbon emissions is a hot topic of discussion, with the U.S.
Environmental Protection Agency debating how they should handle power plant emission levels and the government is wondering the same."
Sharryn Harvey, author of the article, and the online editor for the magazine, examines Carbon Capture and Recycling (CCR) technology as an efficient way to mitigate and recycle carbon emissions, as well as a viable alternative to controversial Carbon Capture and Sequestration (CCS). Harvey poses the question, "Could carbon capture and recycling replace CCS or is it just an additional tool in the fight against emissions?"
Byron Elton, CEO of Carbon Sciences, points out that his company's carbon recycling technology has the potential to fundamentally change the game, "If we are successful in bringing this to the marketplace, it is going to be the most powerful, sustainable technology available in the world."
"There are many innovative solutions being developed to address our energy and environmental concerns, but many of them won't be commercially ready for decades and are fraught with endless problems," says Elton. "Carbon Sciences CO2-to-Fuel technology is an efficient, low-energy process, creating additional revenue streams for the carbon emitting facilities who may choose to use the gasoline they create on-site or sell it. Best of all, it's a homegrown solution that allows us to reduce our dependency on petro-dictatorships."
Power Engineering Magazine (www.power-eng.com) was established in 1896 and provides power generation industry professionals with the critical information needed to remain efficient and competitive in today's market.
For three years in a row, Power Engineering has been named the most read and useful magazine in the power industry.
The magazine was established in 1896 and serves electric utilities, independent power producers, co-generators and small power producers, power plant designers and other power generation industry professionals. It includes the latest news and trends, business developments, information on operation and maintenance technologies, project announcements, market analysis and technological advances.
About Carbon Sciences Inc.
Carbon Sciences Inc. is developing a breakthrough technology to recycle carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Our solution to energy and climate challenges is to enable a sustainable world of fuel consumption and climate stability by recycling CO2 into fuel. For example, Carbon Sciences' breakthrough technology can be used to recycle CO2 emitted from fossil fuel power plants into gasoline to run cars and jet fuel to fly aircraft. To learn more about the Company, please visit our website at http://www.carbonsciences.com
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Media Relations Contact:
Christina Brozek
Beckerman Public Relations
201.465.8002
Email Contact"
Good news:
Converted Organics Reports Sales Results for Third Quarter Ended September 30, 2009
BY CapIQ
— 12:03 PM ET 10/28/2009
Converted Organics Inc. (COIN
Announced that third quarter 2009 sales of organic fertilizer products from the company's Gonzales, California manufacturing facility increased approximately 64% over sales from the quarter ending September 30, 2008. The company also reported a positive operating margin from its Gonzales plant of approximately 11% of sales for the quarter ended September 30, 2009, as compared to a negative operating margin of 45% of sales for the same quarter in 2008. The third quarter increase in organic fertilizer sales from its Gonzales plant over the same period in 2008 continues the trajectory of year-over-year quarterly sales growth begun by Gonzales in the second quarter of 2009.
This stock is getting way too cheap. Didn't they just float a bunch of new issue stock in 2 lots, last one at $8/share?
I will be curious to see what the new report shows for cash on hand and book value, oh and of course earnings!
In case no one is checking the news:
Paragon Shipping Inc. Schedules Third Quarter 2009 Earnings Release and Conference Call
ATHENS, Greece, October 27 /PRNewswire-FirstCall/ -- Paragon Shipping Inc. (NASDAQ:PRGN), a global shipping transportation company specializing in dry bulk cargoes, today announced that its financial results for the third quarter ended September 30, 2009 are scheduled to be released after the close of U.S. financial markets on Tuesday, November 10, 2009.
The Company's management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. Eastern Time on Wednesday, November 11, 2009.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1-866-288-9315 (from the US), +44(0)800-3769-250 (from the UK), or +30-211-180-2000 (all other callers). The access code for the call is "909".
A telephonic replay of the conference call will be available for 90 days by dialling +1-866-288-9317 (from the US) or + 44(0)800-901-2906 (from the UK) or +30-210-94-60-929 (all other callers). The access code for the replay is "099#".
Slides and audio webcast:
There will also be a live webcast of the conference call and accompanying slide presentation on the Paragon Shipping website (http://www.paragonship.com/). Please allow 15 minutes prior to the call to visit the site and download and install any necessary audio software. The webcast will be archived on this site for one year.
NMM already announced the dividend increase last night, up 1.3%.
It is more than just a conference call, earnings are to be announced prior to the CC:
"PIRAEUS, GREECE--(Marketwire - October 26, 2009) - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of Capesize and Panamax vessels, announced today that it will host a conference call on Thursday October 29, 2009 at 08:00A.M. EDT, where Navios Partners' senior management will discuss the results of the third quarter ended September 30, 2009. The Company will announce earnings for the third quarter ended September 30, 2009 prior to the conference call."
Please tell me more about the blank check company please. I heard mention of it, but don't know any details on that part.
And yes, NM is also overlooked and under priced, as it collects apx 60% of the NMM dividends as the GP. NM is also diversified, into the port business and natural gas pipeline business in South America (IIRC), and it has a reasonable dividend too. I own both.
So, I have not looked completely under the hood here. No time to read a million posts, so based on your last post, what have I missed on this one?
Yes, the news came out on market wire yesterday. It showed up in my Fidelity.com news browser. 5:05 PM yesterday announcement.
http://www.smallcapwatch.com/pressRelease.asp?ID=102548
http://www.marketwire.com/press-release/Navios-Maritime-Partners-LP-NYSE-NMM-1065714.html
Well I must admit I am little bit concerned about the BDI and market in general at this moment, but this is one of those little known, great (HUGE) dividend stocks that held its value while some of its competitors share prices dropped 95-98% in recent crash.
But yea, this is definitely a buy and hold for retirement dividend stock for sure.
It is not the usual dry bulk shipper stock, it is a limited partnership (with NM as GP) that pays out something like 60% (IIRC) of average earnings as a dividend.
It is way too quite in this board!
EK reports earnings before the open tomorrow, Thursday, Oct 29, 2009.
Let's hope it is good.
Earnings report is tomorrow for NMM and NM. BDI has been essencially flat the last 2 days.
http://www.exchange.imarex.com/bdi-futures-closing-prices/category1048.html
Even a real bad market slide, NMM seems to hold up real well. If it hits about $11.50 I will add more if the recent market decline drags us any lower. I am long on both, and holding long.