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These so called "assault rifles" are not used by any military. They are simply semiautomatic rifles that look like real military weapons. Fully automatic weapons have been illegal (mostly) for a long time. Not that being illegal has stopped people who want them from getting their hands on them.
He accurately stated the reason it was put into the Constitution.
I think it has more to do with culture than the presence of guns. Many countries with a lower rate of gun involved homicides have just as high a percentage of guns.
Actually it is the number of people killed by "assault weapons" vs hammers. When taking guns in general into account, then you have a larger number than those killed by hammers. But.... when accounting for all homicides, other methods outnumber guns. There was even one instance last year where a man was killed by someone hitting him over the head with a frozen hunk of meat. The vegetarians said, "See, we told you meat was bad for you."
One of the contributing factors is gun violence. 6 in 100,000 US fatalities is due to violence, with gun deaths at 20 times the average of the 16 developed nations.
They are trying to slip a little bias into this article. While the figures are correct, they imply that 6 in 100,000 US fatalities are from gun deaths which isn't true. They are mixing two statistics. Many more violent death are caused by other means. i.e. More homides are committed with hammers than guns.
Possibly we should register hammers and require a waiting period before someone could buy one not to mention requiring safes for baseball bats.
Rockwell Builds a Wide Moat With Prudent Investments
http://finance.yahoo.com/news/rockwell-builds-wide-moat-prudent-120000503.html
Rockwell Automation Reaches New 52-Week High (ROK)
FXEN has repdorted that production is up so things don't seem all bad.
Apparently the military is going to replace all its HUMVEES with a new vehicle and there are tens of thousands of them. OSK has the inside track to getting this contract which will bring in billions per year for many years.
Icahn Makes Offer to Acquire Oshkosh in $3 Billion Deal
By Brendan McGarry - Oct 11, 2012
Carl Icahn, the billionaire activist investor, offered to buy Oshkosh Corp. (OSK) for about $3 billion, saying management of the military vehicles supplier has failed to deliver on pledges to improve profitability.
The $32.50-a-share offer is 21 percent more than the Oshkosh, Wisconsin-based company’s Oct. 10 closing price, Icahn said today in a statement. Icahn said he intends to nominate directors for election to Oshkosh’s board at the company’s annual meeting, with his offer conditional on those directors being elected.
Oshkosh, which supplies blast-resistant trucks to the U.S. Army and Marine Corps, posted a 66 percent drop in net income last year as its sales shrank with the end of the war in Iraq and the U.S.’s plans to withdraw troops from Afghanistan. Icahn, Oshkosh’s largest investor with a 9.5 percent stake, has criticized the firm’s executives for the poor performance.
“Management has taken a passive attitude to the future of this company, willing to sit back and watch what happens to the defense, housing and construction industries,” Icahn said in the statement. “Oshkosh needs proactive shareholders to bring a proactive management team together to weather a volatile economy, a shrinking defense industry and a budget constrained municipal environment.”
No Merger
Oshkosh rose 11 percent to close at $29.90 in New York, after gaining as much as 17 percent. The shares have advanced 40 percent this year.
Icahn’s 14.9 percent stake in Navistar International Corp. (NAV) has fueled speculation of a merger between the two truck makers. Navistar rose as much as 6.7 percent today on news of his offer for Oshkosh. They gained 2.8 percent to close at $22.61 in New York.
Icahn, 76, known for lobbying for change at the companies in which he invests, this week reached an agreement with Navistar to gain seats on the company’s board.
Icahn has said Oshkosh should consider selling the JLG business, which makes construction lift equipment. Oshkosh shareholders on Jan. 27 rejected his attempt to install six candidates onto its 13-member board.
In an interview today on Bloomberg TV, Icahn rejected the idea of combining the defense segments of Oshkosh and Lisle, Illinois-based Navistar.
Unsolicited Offer
“There’s no chance of that,” he said. “We’re not interested in that. The real interest in Oshkosh has to do with the JLG division and that has nothing to do with Navistar so there really is no relationship.”
It’s time for Oshkosh Chief Executive Officer Charles Szews “to say adios,” Icahn said.
Icahn didn’t make a formal offer to the company and only announced his intention to do so, said John Daggett, an Oshkosh spokesman.
“We don’t have anything,” he said in a telephone interview. “It’s not an actual offer in hand yet.”
In a statement issued after Icahn’s announcement, Oshkosh advised shareholders to “take no action at this time” until its board reviewed the unsolicited bid.
The company said it will consult with financial and legal advisers and notify shareholders of its position within 10 business days of receiving an offer. Goldman Sachs Group Inc. (GS), based in New York, is serving as financial adviser and Skadden, Arps, Slate, Meagher & Flom LLP and Foley & Lardner LLP are serving as legal advisers, Oshkosh said.
‘Nice Growth’
“I wouldn’t sell to Icahn,” Walter Liptak, an analyst for Chicago-based Barrington Research, said in a telephone interview. “The value is too low.”
Liptak, who has an outperform rating on the stock, said Oshkosh outlined a “really nice growth track” over the next three years at a Sept. 14 presentation for analysts.
Demand for Oshkosh’s military trucks for the Iraq and Afghanistan wars made the company one of the Defense Department’s biggest contractors. Revenue surged almost seven- fold to $9.84 billion in fiscal 2010 from $1.45 billion in fiscal 2001, the year the U.S. began operations in Afghanistan.
That military business has waned with end of the war in Iraq and drawdown in Afghanistan. Oshkosh had $7.58 billion in revenue in fiscal 2011, more than half of which came from its defense segment. The company received $4.9 billion in direct, or prime, Pentagon contracts in the year ended Sept. 30, 2011, ranking No. 11, according to a Bloomberg Government ranking of the 200 largest contractors.
In July, the company’s shares gained the most in almost three years after Oshkosh raised its full-year forecast. Revenue from construction equipment helped boost results in the third quarter, the firm said at the time. Oshkosh’s heavy-duty vehicles include firefighting trucks and aircraft rescue vehicles.
Oshkosh was one of three companies that in August won contracts totaling more than $185 million with the U.S. Army to develop Humvee replacements. It also makes 2.5- and 5-ton capacity cargo trucks for the service.
OSK was awarded the development contract for the L-ATV. If they get the production contract they will get huge revenues for many years to come as the HUMVEES are all replaced.
Hope is always a good thing.... but not as good as a sure thing.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FX Energy is buy, with an average price target of $9.88.
Things are looking up at FXEN. The 1-Year Projected Earnings Per Share Growth Rate is 433.30%
FX Energy, Inc. engages in the exploration and production of oil and gas properties primarily in Poland and the United States. The company primarily focuses on the exploration of Rotliegend sandstones in the Permian Basin, Poland. As of December 31, 2011, its estimated proved reserves were 53.5 billion cubic feet of natural gas equivalent, including 49.6 billion cubic feet of natural gas and 0.6 million barrels of oil. The company holds oil and gas exploration rights in a range of project areas comprising approximately 4.6 million gross acres in Poland, as well as produces oil from approximately 10,732 gross acres in Montana and 400 gross acres in Nevada. It also provides contract oilfield services, including drilling, workovers, location work, cementing, and acidizing. The company was founded in 1989 and is headquartered in Salt Lake City, Utah.
Houseboater didn't do well overall but if he actually sold the weekend he said he did, he made a killing in HRCT. Too bad his timing with his other picks wasn't as good.
Of course, his main problem was that he was in penny stocks where failure is almost the only option.
I waited until it was about 40% down from its all time high before I sold but even though I made money I wish I had listened to houseboater.
The plan was to get in and get out as soon as the stock price went up. Lots of people ignored the second half of the plan.
HRCT has been dead for a long time and no how hard people kick the body, it isn't going to stand up again.
That's all I currently own.
AOD wouldn't even get a passing interest from me but I don't like mutual funds except for broad index funds like the S&P 500 or the Wilshire 5000. Those are safer for most people who don't want to put time into research (not sure why anyone wouldn't be interested enough in their investments to not put some time in) and want a reasonably safe place to put their money for 20 or 30 years.
I generally like medium size ($1 billion - $5 billion in revenues) that have a proven track record and have room for growth while paying a reasonable dividend. (2% - 3% annually). I am not a get rich quick type of investor and typically like companies that I intend on holding for 20 years or more unless something about them changes. This method has served me well over the past 40 years so I see no reason to change it.
Oil trusts aren't stocks in the same sense that regular stocks in companies are. I am aware that they have a finite life and that the returns on them are dependant on the price of oil.
I never had any intention of holding MVO until the end of the life of the trust. At this point I am planning on holding it until the price of oil spikes again or to around 2015 - 2016 whichever comes first depending on what is going on with it.
I also have an interest in SDT which is a similar investment. These are not necessarily for everyone. I have a lot more information on these than is available on Seeking Alpha. These are more like owning an interest in a well. Eventually the well will go dry but the idea is to make a profit while the well is pumping oil. Oil trusts aren't "story" stocks - they are just investments that the primary return is through the returns they pay from the profits they get from pumping oil. If they don't make a profit from selling the oil then you have a bad investment.
My homes in Arizona and California aren't really investments even though I have owned them long enough to have gained equity in them even with the downturn of the real estate market. They are both places that I live in and that is the primary reason that I own them.
The problems in Europe have been unkind to ROK's share price. The sooner things turn around the sooner I will feel happier.
First, MVO isn't a "fund." Its life is finite but the current payout depends primarily on the price of oil. Depending on your view of future oil prices it isn't particulary risky any more than any other stock is.
Most "funds" of any kind are usually crappy investments. They are designed to make fund managers wealthy not the shareholders. Their only saving grace is that they spread risk over a number of companies but that usually results in poor returns on your investment money.
As far as MVO is concerned, I will have earned my entire original investment back in dividends in about another 18 months. At that point the stock price will be pure profit.
If the price of oil drops drastically then the dividend for oil trusts like MVO will not be sustainable but that is what the investment is in. I think that in the very short term oil might fall to $70 a barrel but in the next couple of years it is likely to go up to around $100 a barrel. I recognize the risk and it is an acceptable one for the return I expect to get.
And at today's price I am up more than 60% from my cost basis.
At today's price the yield is 12.78%. Since I am in it at a cost basis below $18, my yield is much higher.
The price of MVO moves with the price of oil. Expect a short term downward trend while the price of oil moves towards $70 but look for a strong upward trend when the price of oil moves back towards $100.
How about those T-Bills? Lose money every year since the yield is below the rate of inflation.
Rockwell Automation (ROK) manufactures tools and controls used to increase efficiency at factories. Fittingly, the firm has been reducing its exposure to U.S. manufacturing in recent years, taking advantage of massive manufacturing expansion overseas to retool new factories in Europe and emerging markets. That widened geographic footprint should help to reduce economic swings in ROK’s revenues.
Those swings should also be reduced thanks to changes in ROK’s business. Because Rockwell’s focus is on reducing costs for customers, it has an easier sale than other firms that are trying to tack less palpable products onto factory floors. If Rockwell can justify the cost savings of its automation equipment, it should get the same -- now that management has sold off the more cyclical power systems business, that consistency should be more apparent on its income statement.
Rockwell has a long track record of returning free cash to shareholders; in the last few years, it’s averaged sending around half of all the cash it generates back to its owners. With profits eclipsing pre-recession highs, that’s good evidence for a hike to ROK’s 43-cent quarterly payout.
One analyst's positive take on Corning.
http://seekingalpha.com/article/535031-corning-may-be-chipped-and-scratched-but-it-can-be-polished?source=email_investing_ideas&ifp=0
Partial excerpt:
"While it's not nearly so exciting, the company's decision to buy Becton Dickinson's (BDX) Discovery labware could also pay off. Corning management has talked of wanting to get 10% of its revenue from life sciences, and this accelerates the process. While labware is a generally a sedate business, it can be a relatively high-margin business and I wouldn't rule out the ability of Corning R&D to add value here as well. There is a lot of research in so-called "smart materials" in diagnostics and life sciences, research that incorporates a variety of technologies, reagents, and so forth into glass or other kinds of substrate."
Interview with Tom Ward... excerpt from Seeking Alpha
1) Why SandRidge's Share Price May Rise Significantly in the Next Few Years
I personally think SandRidge has some very attractive assets, the value of which is not being reflected in the current share price. As part of the interview I asked Ward what could help eliminate this discount and send SandRidge's shares higher.
His answer was simple, and I think pretty sensible. Ward simply said that you can't triple cash flow or EBITDA in three years, and not have your stock price double or triple along with it.
And a tripling EBITDA is the exactly the SandRidge three-year plan. How is the company going to do it? Check out the most recent SandRidge presentation which provides the details. With 7,000 drilling locations in the Mississippian and another 7,000-plus in the Permian Basin, there is no doubt that SandRidge has the acreage to grow production for a long time.
2) A $400 Million Investment Worth Almost $9 Billion
There was no way we could discuss SandRidge with its CEO without spending some time on the home run the company has hit in the Mississippian play.
The Mississippian is found in Oklahoma and Kansas. It is a shallow, carbonate oil play where SandRidge has accumulated 1.5 million acres. SandRidge believes that it has 7,000 drilling locations on this acreage with an IRR per well of 91%.
The key to the value creation is that SandRidge acquired all of these acres when they were not in demand, before the industry was on to the economics of the play.
Here are the three phases that SandRidge has gone through in the Mississippian:
Phase 1 - Accumulation
Acres Acquired - 2 million
Average Cost Per Acre - $200
Total Amount Paid - $400 million
Phase 2 - Monetization
Acres Sold - 550,000
Average Price Received Per Acre - $4,236
Total Amount Received - $2.33 billion
Phase 3 - Retained Value
Acres Retained - 1.5 million
Value per acre based on monetizations - $4,236
Total value Retained - $6.35 billion
I'm not playing with you, those are the actual numbers.
Two million acres were acquired for $400 million. About a quarter of those acres were sold for $2.33 billion. And SandRidge retains acreage worth roughly $6.35 billion.
$400 million invested, with proceeds from sale and current value equaling $8.68 billion. Try to match those two-year returns with your equity portfolio.
If Ward were a hedge fund manager who had turned $400 million into $8.6 billion in a couple of years we would be hearing about it every day on the financial networks.
3) SandRidge Is Run By a Guy With the Guts To Make A Hard Decision
CEO Ward was a founding partner of Chesapeake Energy with Aubrey McClendon. In 2006 Ward split from Chesapeake to form SandRidge.
SandRidge was formed with the intention of being a natural gas producer with Ward believing that $7/mcf natural gas or higher was the likely future for the United States.
By 2008 Ward and his management team believed that they had made a mistake in choosing natural gas as the commodity upon which to base the company. In late 2008 SandRidge hedged all of its natural gas production for the next two years in order to buy the company time to make a transition to oil.
In March 2009 Ward went to SandRidge's Board of Directors with the message that the company should acquire assets in the Permian basin. And that is what SandRidge did, with an $800 million acquisition from Forest Oil and the $1.2 billion acquisition of Arena Resources.
If you look at the prices of oil and natural gas today, it is pretty clear that Ward made the right call in aggressively changing the focus of SandRidge. Back in 2008 and 2009, however, it must have taken some serious courage to first admit that the company had made a big mistake in focusing on natural gas, and then second to make two large oil transactions that at the time were very controversial with SandRidge shareholders.
The easy decision in 2008 would have been to do nothing and to hope for a recovery in natural gas. The easy decision would have been the wrong one.
4) Why SandRidge Acquired Dynamic Offshore
This year SandRidge made a $1.275 acquisition of Dynamic Resources. Ward took quite a bit of heat for this acquisition because like the oil-focused Forest and Arena transactions, this one also took shareholders by surprise.
The Dynamic deal was a surprise because SandRidge had been publicly making an exit from operations in the Gulf of Mexico and this was an acquisition of a Gulf of Mexico producer. Shareholders and analysts don't like surprises or changes of direction.
I wrote for Seeking Alpha shortly after the transaction that I thought the deal made a lot of sense for two reasons. One being that the properties were acquired at an extremely attractive price even though it involved issuing equity. The second being that the acquisition, which was done with equity, was a sensible way to bring increased cash flows to fund SandRidge's aggressive capital spending plans and also further deleverage the company.
Ward spoke in the interview about the Dynamic acquisition and how it helped fulfill SandRidge's 2012 funding needs:
"We have a three-year strategy that no other company in the U.S. has, and that's that we're going to triple EBITDA, we're going to double our oil production, and we'll spend within our cash flow by the end of 2014; and all the while, we'll be improving our credit metrics.
So in order to do those four things, we have to raise some capital.
And one those capital raises was a financial transaction, which was buying Dynamic Resources. That acquisition of Dynamic gave us better credit, increased our production by 25,000 barrels a day and gave us the ability then to move forward and improve our credit metrics. Dynamic was the only place you could go buy oil at a price that allowed us to be accretive [on oil] metrics. And that's just because people don't want to be producing in the Gulf of Mexico in 300 foot of water and we just don't see that as an obstacle that makes it worth a third as much as Permian oil."
5) Tom Ward's View on Oil and Natural Gas Prices
Going into this interview one thing I wanted to tap into was Ward's view on oil and natural gas prices going forward.
When we asked him about the future direction of oil prices we got a pretty good answer:
"…the great thing is that I don't have to be a great prognosticator on oil prices, as long as they're over $100 a barrel, because we make 100% rates of return. If we have that ability, then we should hedge it and lock in those prices. And so you see us having the most hedged oil book of any company in the U.S., as we go forward and look into 2013, 2014, and then as we're moving. So, to answer your question, I still believe that you'll have ups and downs in the oil market, we'll see volatility like we have every year, and you'll be able to have prices range between $90 to $120 a barrel, and what we have to do as a company is just be diligent in locking in anything that gives us 100% rates of return. So any time you see oil at a $100, you'll see us hedging out our oil fairly aggressively. In fact, we have over 80% of our oil hedged for 2012 already."
Ward believes that high oil prices are likely the norm going forward, albeit not without the usual swings up and down. The SandRidge strategy is to not be greedy, but rather to lock in (hedge) as much oil production as possible at current prices so that SandRidge can mint money drilling Mississippian and Permian wells.
I expect, like many people do, that this summer is going to see some incredible stress on natural gas producers as natural gas prices stay painfully low. With that in mind I asked Ward if there was any price at which he might be interested in acquiring some natural gas assets from cash-starved competitors.
His immediate answer was that SandRidge was not likely going to be interested in any natural gas assets because SandRidge's capital would achieve much higher returns being invested in SandRidge's high return Mississippian and Permian drilling programs.
With respect to the price of natural gas, Ward thinks current prices are unsustainable and are likely to double from current levels (roughly $2/mcf) over the next year. He doesn't think buying natural gas assets today is a bad idea, just that it would not be the best use of SandRidge's capital.
What Is My Position On SandRidge?
I think SandRidge is likely going to make for an excellent investment at current prices for investors with a three-year time horizon. As Ward said, if EBITDA triples the stock price pretty much has to follow.
And there doesn't seem to be much short of another 2008 financial panic that can stop SandRidge's EBITDA from doing exactly that. The funding for this EBITDA ramp-up seems secure as it is going to come from SandRidge's cash flow (which is predictable as most of its revenue is locked in through oil hedges), an untapped credit line and already closed asset sales.
Despite all of this I'm going to continue to be an interested observer of SandRidge and not a shareholder. I manage a very concentrated portfolio, and that means I need try to avoid companies that carry a lot of debt. SandRidge, which currently has a debt to EBITDA ratio of over 3 to 1, would have to qualify as a company that carries a lot of debt.
Corning Incorporated (GLW) shares have been prone to declines after an earnings release, but the stock does appear to offer value now. Corning manufactures products, which include touch screen glass that is used in many popular smartphones and tablets like the Apple iPhone and iPad. This product is called "Gorilla Glass" and it is also used for flat-screen televisions. The demand for Gorilla Glass with tablets and smartphones looks solid, but demand and profit margins for televisions has been weak and this has weighed on the recent financial results and the stock price. The softness on the television side might persist and keep the shares from a substantial rebound, but the stock appears to offer real value now. Investors can buy the stock below book value, which is $13.91 per share, and collect a solid dividend yielding over 2%. Corning shares have pushed lower after reporting earnings for the past couple of quarters, so it might make sense to wait for the first-quarter earnings report, which the company expects to report on April 25, 2012.
Even at today's stock price the yield is 9.34% annually which isn't exactly peanuts.
MV Oil Trust Announces Trust First Quarter Distribution
MV Oil Trust MVO announced the Trust distribution of Net Profits for the first quarterly payment period ended March 31, 2012.
Unitholders of record on April 16, 2012 will receive a distribution amounting to $11,730,000, or $1.02 per unit, payable April 25, 2012.
Volumes, price and Net Profits for the payment period were:
Volume (BOE +0.53%, news) 228,397
Proceeds (per BOE) $93.07
Gross Proceeds $21,257,715
Costs $6,081,086
Net Profits $15,176,629
Percentage applicable to Trust’s 80%
Net Profits Interest $12,141,303
MV Partners reserve for capital expenditures ($250,000)
Total cash proceeds available for the Trust $11,891,303
Provision for estimated Trust expenses ($161,303)
Net cash proceeds available for distribution $11,730,000
Wall Street is expecting higher profit for Rockwell Automation (ROK) when the company reports its second quarter results on Wednesday, April 25, 2012. The consensus estimate is calling for profit of $1.26 a share, a rise from $1.14 per share a year ago.
What to Expect:
For the fiscal year, analysts are projecting earnings of $5.32 per share.
Revenue is projected to be 7.2% above the year-earlier total of $1.46 billion at $1.57 billion for the quarter. For the year, revenue is expected to come in at $6.41 billion.
Trends to Watch For:
For three straight quarters, the company has seen net income rise. In the most recent quarter, net income rose by 22.1% from the year-earlier period. Net income rose 53.7% in the quarter before that, and 50.3% in the third quarter of the last fiscal year.
Oshkosh Corp. receives $60 million Army contract
The Business Journal
Date: Monday, April 16, 2012, 2:51pm CDT
Oshkosh Corp. has received a $60.1 million fixed-price contract from the U.S. Army that will provide for the modification of an existing contract for medium tactical vehicles.
Work will be conducted at Oshkosh Corp. facilities in Oshkosh, with an estimated completion date of September 2014. The U.S. Army Contracting Command in Warren, Mich., is overseeing the contracting activity.
Oshkosh Corp. is a manufacturer of specialty trucks and truck bodies.
At the end of March, the U.S. Army put in a request for more than 2,500 family of medium tactical vehicles (FMTV) to Oshkosh Defense, a division of Oshkosh Corp. (NYSE: OSK).
The Army has ordered more than 29,000 FMTV trucks and trailers from Oshkosh Defense under a contract expiring in 2015. That latest request of FMTVs is estimated to cost more than $294 million and is scheduled to be complete in February 2014.
UPDATE 1-FX Energy sees higher rev on gas price rise in Poland
8:26am EDT
* About 91 pct of co's gas output comes from Poland
* Says expects higher drilling in Poland
April 16 (Reuters) - U.S.-based FX Energy said increased wholesale gas tariffs in Poland will help its revenue grow, and the company plans to ramp up drilling in the European country.
FX Energy said it can take advantage of the 16.9 percent rise in tariffs due to its gas contracts with Polish gas monopoly PGNiG, which operates most of the company's wells in the country.
"Higher revenues from this price increase will drop directly to our bottom line," FX Energy said in a statement.
About 91 percent of FX Energy's gas production comes from Poland. The oil and gas producer said it was selling gas at a weighted average price of $7.40 per thousand cubic feet in Poland.
U.S. natural gas prices have sunk to their lowest in over a decade, hovering under $2 per million British thermal units, amid record-high supplies of the fuel.
FX Energy sees higher drilling this year and 2013, with total drilling expenditures expected in the range of $40 to $50 million in 2012.
FX Energy shares, which have lost 40 percent of their value so far this year, closed at $4.94 on Friday on the Nasdaq.
I wish I would have put all my eggs in this basket.... Hindsight and all that but I am not complaining since I did get in on it early.
These product platforms include plastic consumable labware, liquid-handling products, cell-based assays and cell cultureware, as well as ADME research.
Corning will integrate four of the Discovery Labware unit’s main product platforms -- plastic consumable labware, including tubes, Petri dishes, and tissue culture dishes; liquid-handling products; cell-based assays and cell cultureware; and ADME (Absorption, Disposition, Metabolism, and Excretion) research into the Corning Life Sciences business segment upon closing of the acquisition.
Corning Inc. (NYSE:GLW - News) announced that it has entered into an agreement with Becton, Dickinson & Co. (NYSE:BDX - News) to buy a major portion of its Discovery Labware unit for about $730 million in cash. The acquisition is expected to be completed later this year, depending on certain customary closing conditions, including receipt of regulatory approvals.
The Discovery Labware unit has operations in Massachusetts, North Carolina, and the United Kingdom, and boasts of extensive dealer networks in Asia, Europeand North America.
Upon the closing of the acquisition, Corning will integrate four of the Discovery Labware unit's main product platforms into Corning's Life Sciences segment. These product platforms include plastic consumable labware, liquid-handling products, cell-based assays and cell cultureware, as well as ADME research.
The company said that the acquisition will enhance Corning’s broad portfolio of life sciences products and expand its annual revenues by 40%. In the fourth quarter, Corning’s Life Sciences business accounted for around 8% of revenue, which was down 6.5% sequentially but up 2.1% from a year ago.
Sadly, you are correct. The really good stocks don't get much interest while the penny scams attact people wanting to get rich quick when they would have made a lot more money by buying quality like MVO.
Human nature I suppose...
MV Oil Trust (NYSE: MVO) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among energy companies, MVO shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at MV Oil Trust, and favorable long-term multi-year growth rates in key fundamental data points.
The annualized dividend paid by MV Oil Trust is $4.08/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 04/12/2012.
This is a great long term investment. Currently undervalued with a nice dividend.
Brookfield offers a great play on diverse infrastructure assets across the world. It owns stakes in timberland, railroads, ports, power transmission assets, and coal terminals -- all the necessities to keep a modern global economy running. And that's the appeal. Brookfield invests in high-quality assets that have high barriers to entry. These assets offer annuity-like income streams with the chance for capital appreciation, too.
MVO is doing well..... I just wish it wasn't a result of the price at the gas pump. But MVO has been a fantastic performer for me.