Last month, I pointed out a growing trend in the U.S. airline industry toward “upgauging”: replacing smaller planes with larger ones. Virtually every airline has become enamored with the potential cost benefits of switching to larger aircraft. They are almost always more fuel efficient and more labor efficient since they allow the airlines to spread costs over more potential passengers.
From a passenger perspective, the upgauging trend could lead to lower ticket prices if the airlines pass most or all of their cost savings through to customers. This would obviously be a nice benefit for consumers.
However, as the average plane size increases, airlines are likely to maintain capacity discipline by cutting back on the number of flights they offer. Small and medium cities are likely to bear the brunt of this industry shift, as airlines may offer fewer flights on larger planes rather than more frequent service on smaller aircraft. Consumers will be much less pleased with this change.
10 Best International Stocks To Invest In Right Now: First Financial Corporation Indiana(THFF)
First Financial Corporation, through its subsidiaries, provides various financial services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings accounts, time deposits, and certificates of deposit. The company?s loan portfolio comprises commercial, financial, and agricultural loans; residential loans; and consumer loans. It also provides mortgage lending; lease financing; trust account and depositor services; and insurance services, such as property and casualty insurance, surety bonds, employee benefit plans, life insurance, and annuities. The company operates 54 branches in west-central Indiana and east-central Illinois. First Financial Corporation was founded in 1984 and is headquartered in Terre Haute, Indiana.
- [By Doug Hughes]
Doug Hughes: Sure, there is another one. The next one, the symbol would be (THFF). They’re in Indiana, a very large bank. First Federal Financial Corporation. Again, their book value is $27.
- [By James E. Brumley]
What do Prospect Capital Corporation (NASDAQ:PSEC), Astec Industries, Inc. (NASDAQ:ASTE), and First Financial Corp. (NASDAQ:THFF) have in common? Not much, on the surface. In fact, were it not for something very specific to one particular person (me), they’d have nothing in common at all. This week though, THFF, ASTE, and PSEC all have at least one thing in common, and that’s the fact that they’re all going into my mental/hypothetical portfolio.
10 Best International Stocks 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.
- [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.
10 Best International Stocks To Invest In Right Now: Hemis Corp (HMSO)
Hemis Corporation, incorporated on February 9, 2005, is engaged in the acquisition, exploration and development of mineral properties. The Company carries out exploration activities in Mexico through its wholly subsidiary, Hemis Gold SA de CV. It is engaged in the acquisition and exploration of mineral properties in Sonora, Mexico; British Columbia, Canada; and Alaska, United States. The Company is an exploration stage company.
The Company has 67.5% interest in mining rights in El Tigre Property and Porvenir Property. On November 5, 2007, the Company entered into an agreement granting Monte Cristo Gold Corporation the option to purchase either 49% or 60% of its interest in these properties from it. On November 16, 2007, the Company entered into an agreement, which became effective on November 23, 2007 granting Condor Gold Corporation, the option to purchase either 49% or 60% of its interest in the Anchor Point Gold Project from it.
The Company’ s interest in the Wolfe Creek and Covenant mining concessions consists of an option agreement it signed with Stacs GmbH on March 13, 2007, whereby it has an option to acquire a 100% interest to mineral rights on two properties: Wolfe Creek and Covenant, in British Columbia, Canada. The Company intends to primarily explore for gold and molybdenum, but if it discovers that any of its mineral properties hold potential for other minerals, then it intends to explore for those other minerals.
- [By Sarah Jones]
Land Securities gained 1.5 percent to 902 pence, British Land Co., the U.K.’s second largest REIT, advanced 2.1 percent to 595.5 pence and Hammerson Plc (HMSO) rose 2.1 percent to 507 pence.
10 Best International Stocks To Invest In Right Now: Williams-Sonoma Inc.(WSM)
Williams-Sonoma, Inc. operates as a specialty retailer of home products. It offers culinary and serving equipment, including cookware, cookbooks, cutlery, informal dinnerware, glassware, table linens, specialty foods, and cooking ingredients; and bridal and gift items under the Williams-Sonoma brand name. The company also provides home furnishing categories, including furniture, textiles, decorative accessories, lighting, and tabletop items under the West Elm brand name; bed and bath products under the Pottery Barn brand name; and children?s furnishings and accessories under the Pottery Barn Kids brand name. Williams-Sonoma, Inc. sells its home products through four retail store concepts, which include Williams-Sonoma, Pottery Barn, Pottery Barn Kids, and West Elm; six direct-mail catalogs that comprise Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, and West Elm; and six e-commerce Websites, which consist of williams-sonoma.com, potte rybarn.com, potterybarnkids.com, pbteen.com, westelm.com, and wshome.com. As of January 30, 2011, it operated 592 stores, including 260 Williams-Sonoma, 193 Pottery Barn, 85 Pottery Barn Kids, 36 West Elm, and 18 outlet stores located in 44 states of the United States; Washington, D.C.; Canada; and Puerto Rico. The company was founded in 1956 and is headquartered in San Francisco, California.
- [By Omar Venerio]
The first on the list is Williams-Sonoma Inc. (WSM), in which the fund disclosed a $326.3 million stake with 4.9 million shares. This stake represents 44.5% of the total portfolio. The company increased its e-commerce business. The key drivers of last year´s profitability were the new efficiencies reached in its worldwide supply chain, the increased traffic as well as the higher sales per square foot in retail stores.
- [By Grace L. Williams]
It wouldn’t be much of a shock. In an article earlier today, MarketWatch reporter Andria Cheng notes that industry rivals including Pier 1 Imports (PIR), the Container Store (TCS) and Williams-Sonoma (WSM) lowered their profit or sales outlooks. Cheng also notes that Bed Bach & Beyond had cut its outlook in June to $1.08 a share from $1.16. She continues:
- [By Ben Levisohn]
Shares of Williams-Sonoma (WSM) have tumbled today after the home-products retailer offered a disappointing outlook even as it met second-quarter earnings forecasts.
Williams-Sonoma reported a profit of 53 cents a share, in line with estimates, on revenue of $1.04 billion, also meeting expectations. That alone would probably have been enough to send Williams-Sonoma’s shares lower since they were trading near a 52-week high right before the release. Throw in the sour guidance–Williams-Sonoma expected to earn $3.07 to $3.17 a share in 2014, below forecasts for $3.21–and you have the recipe for destruction.
Williams-Sonoma’s shares have dropped 11% to $66.75 at 10:20 a.m. Morgan Stanley’s Simeon Gutman and team explain why they downgraded Williams-Sonoma’s shares to Equal Weight despite the stock getting pounded today:
While Q2 EPS was solid and in-line, we were expecting a carry-over in top-line momentum from previous quarters and comparable brand growth in the high single digits. We did not get this (Q2 comparable brand growth +5.7%), due to competition and tougher compares and now no longer believe the business will generate this level of growth in the near-term. Valuation (19x 2015e earnings) is not as supportive of a business that we now see generating low teens growth over the next 12 months.
Williams-Sonoma’s PEG rate was elevated recently given positive earnings surprises. The PEG rate rose to ~1.6x vs. the one year average at 1.45x and the three year average of 1.3x. With earnings growth accelerating, this seemed appropriate and we believed these valuation levels would continue. But, with the rate of change moderating (albeit still healthy) the PEG may come back in. Even after tonight’s stock move, there could be 2 turns of EPS multiple risk. The stock does not necessarily have much downside, but it could mark time as near-term earnings growth is digested.
Gutman also lowere
10 Best International Stocks To Invest In Right Now: Interactive Intelligence Inc.(ININ)
Interactive Intelligence, Inc. provides software application suites for voice over Internet protocol (VoIP) business communications to enterprises in the United States and internationally. The company offers software products and services for contact center, enterprise IP telephony, multichannel contact management, and business process automation. Its solutions include Interactive Intelligence Customer Interaction Center that provides contact centers and enterprises a single platform and a pre-integrated all-in-one application solution for IP telephony, including phone calls, faxes, e-mails, and Web interactions; Interactive Intelligence Customer Interaction Center for the Enterprise, an IP PBX phone and communications system for SIP-supported VoIP for mid-sized and larger enterprises, as well as offers real-time presence management and remote access with unified messaging, IVR and interaction client integrations for Microsoft applications; Interaction Process Automation t hat allows an organization to capture, prioritize, route, escalate, and track each step in a work process; and Interaction Content Management solution. The company also provides professional, managed, education, and support services. Its solutions are used by businesses and organizations that employ remote and mobile workers in teleservices, financial services, insurance, higher education, utilities, healthcare, retail, technology, government, and business services industries. The company distributes its products through partners and direct arrangements with end-user customers. Interactive Intelligence, Inc. was founded in 1994 and is headquartered in Indianapolis, Indiana.
- [By Lisa Levin]
Interactive Intelligence Group (NASDAQ: ININ) shares rose 11.64% to $53.25. The volume of Interactive Intelligence shares traded was 874% higher than normal. Interactive Intelligence posted a narrower-than expected net loss on a 15% rise in Q3 revenue.
- [By Garrett Cook]
Shares of Interactive Intelligence Group (NASDAQ: ININ) were down 15.47 percent to $42.25 as the company warned that Q2 results will be below expectations.
- [By Garrett Cook]
Shares of Interactive Intelligence Group (NASDAQ: ININ) were down 15.85 percent to $42.06 as the company warned that Q2 results will be below expectations.
- [By Garrett Cook]
Shares of Interactive Intelligence Group (NASDAQ: ININ) were down 15.29 percent to $42.34 as the company warned that Q2 results will be below expectations.
10 Best International Stocks To Invest In Right Now: NGL Energy Partners LP (NGL)
NGL Energy Partners LP is a limited partnership company formed to own and operate a vertically-integrated propane business. The Company operates in three segments: retail propane; wholesale supply and marketing; and midstream. Its retail propane business sells propane to end users consisting of residential, agricultural, commercial and industrial customers. The Company’s wholesale supply and marketing business supplies propane and other natural gas liquids and provides related storage to retailers, wholesalers and refiners. Its midstream business, which consists of its propane terminaling business, takes delivery of propane from pipelines or trucks at its propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers or other consumers. The Company’s general partner is NGL Energy Holdings LLC (the General Partner). On October 14, 2010, it executed a series of transactions (the Combination) with NGL Supply, Inc. (NGL S upply). In February 2012, the Company acquired all of the assets comprising the propane and distillate operations of North American Propane. In May 2012, the Company acquired Downeast Energy Corporation. The assets contributed by Downeast are located in Maine and New Hampshire. In November 2012, the Company acquired limited liability company membership interests in Pecos Gathering & Marketing LLC and its affiliated companies (Pecos). In July 2013, NGL Energy Partners LP announced the acquisition of the assets of Crescent Terminals, LLC. Effective July 8, 2013, NGL Energy Partners LP acquired High Roller Wells Big Lake SWD No 1 LP. In August 2013, NGL Energy Partners LP acquired the water disposal and hauling business of Oilfield Water Lines LP. In September 2013, NGL Energy Partners LP acquired the water disposal business of Coastal Plains Disposal #1, LLC owned by WinCo Development, LLC. In November 2013, the Company announced acquisition of all of the equity interests of G avilon, LLC.
The Co! mpany’s retail propane business consists of the retail marketing, sale and distribution of propane, including the sale and lease of propane tanks, equipment and supplies, to more than 56,000 residential, agricultural, commercial and industrial customers. It markets retail propane primarily in Georgia, Illinois, Indiana and Kansas through its customer service locations. The Company owns or leases 44 customer service locations and 37 satellite distribution locations, with aggregate above-ground propane storage capacity of approximately four million gallons. It also owns a fleet of bulk delivery trucks and service vehicles.
Wholesale Supply and Marketing
The Company’s wholesale supply and marketing business provides propane procurement, storage, transportation and supply services to customers, through assets owned by it and by third parties. Its wholesale supply and marketing business also obtains the majority of the propane supply for its retail p ropane business. The Company procures propane from refiners, gas processing plants, producers and other resellers for delivery to leased storage, common carrier pipelines, rail car terminals and direct to certain customers. It has the right to utilize 100% of the ConocoPhillips Blue Line pipeline, which runs from Borger, Texas, to its propane terminals in East St. Louis, Illinois and Jefferson City, Missouri. The Company leases approximately 67 million gallons of propane storage space in various locations to accommodate the supply requirements and contractual needs of its retail and wholesale customers.
The Company’s midstream business, which consists of its propane terminaling business, takes delivery of propane from a pipeline or truck at its propane terminals and transfers the propane to third party trucks for delivery to propane retailers, wholesalers or other customers. The Company’s midstream assets consist of its three propane t erminals in East St. Louis, Illinois; Jefferson City, Missou! ri, and S! t. Catharines, Ontario. The Company is a service provider at each of its terminals, which have a combined annual throughput in excess of 170 million gallons of propane.
- [By Jayson Derrick]
NGL Energy Partners (NYSE: NGL) and Transmontaigne Partners (NYSE: TLP) said that they have ended discussions over NGL Energy's non-binding proposal to acquire the outstanding units of Transmontaigne. Shares of NGL Energy lost 0.57 percent, closing at $42.21 while shares of Transmontaigne gained 0.54 percent, closing at $43.03.
- [By Anna Prior]
NGL Energy Partners LP(NGL), which bought oil-storage company TransMontaigne Inc. from Morgan Stanley (MS) (MS) last week, said it is offering to buy the outstanding units of TransMontaigne Partners LP(TLP) (TLP) in a one-for-one exchange of common units.
10 Best International Stocks To Invest In Right Now: Chanticleer Holdings Inc (HOTR)
Chanticleer Holdings, Inc., incorporated in 1999, is a business operator focused on expanding the Hooters casual dining restaurant brand in international markets. Chanticleer has rights to develop and operate Hooters restaurants in South Africa and has joint ventured with the current franchisee in Australia. The company also has franchise rights to develop Hungary and parts of Brazil while evaluating several additional opportunities internationally. During the year ended December 31, 2011, Chanticleer and a group of private equity investors acquired Hooters of America, Inc. (HOA). HOA is the franchisor and operator of over 450 Hooters restaurants in 44 states and 28 foreign countries. In October 2013, Chanticleer Holdings Inc purchased American Roadside Burgers, Inc. In December 12, 2013, Chanticleer Holdings Inc acquired a 51% interest in JF Restaurants LLC, an owner and operator of restaurants. In February 2014, it acquired Hooters’ United States Pacific Northwest franch ise rights and two existing restaurants in Oregon and Washington.
The Company operates in two business segments: Hooters franchise restaurants, and investment management and consulting services businesses. Hooters has also branched out to other areas, including licensing its name to a golf tour and the sale of packaged food in supermarkets. Its subsidiaries include Chanticleer Advisors, LLC, (Advisors), Avenel Ventures, LLC (Ventures), Avenel Financial Services, LLC (AFS), Chanticleer Holdings Limited (CHL), Chanticleer Holdings Australia Pty, Ltd. (CHA), Chanticleer Investment Partners, LLC (CIP), DineOut SA Ltd. (DineOut), Kiarabrite (Pty) Ltd (KPL), Dimaflo (Pty) Ltd (DFLO), Tundraspex (Pty) Ltd (TPL), Civisign (Pty) Ltd (CPL), Dimalogix (Pty) Ltd (DLOG) and Crown Restaurants Kft. (CRK).
As of December 31, 2011, the Company had four Hooters locations in South Africa in Cape Town, Durban and Johannesburg (two locations), which are owned by four companies, which it control. The Com! pany formed a management company to operate the current South African Hooters locations. It owns 80% of the management company, with two members of local management owning the remaining 20%. The management company charges a management fee of 5% of net revenues to the Hooters locations in South Africa.
The Company has acquired development rights for Hooters in five states of Brazil, which would include Rio de Janeiro. It has applied to HOA for franchise rights in Hungary, where it own 80% of the entity the Company anticipate will hold the franchise rights and its local partner owns the remaining 20%. The Company has partnered with the Hooters franchisee in a joint venture in which it owns 49% and its partner 51%. The first Hooters restaurant under this joint venture (which would be the third Hooters restaurant open in Australia) opened in January 2012 in Campbelltown, a suburb of Sydney. It has a non-binding letter of intent with a fr anchisee to purchase 100% of an existing Hooters location.
Management and consulting services
The Company provides management and consulting services for small companies, which are seeking to become publicly traded. The Company also provides management and investment services for Investors LLC and Investors II, which are affiliates of the Company.
- [By Chris Isidore]
Restaurant chains are trying to hold the line on prices. Mark Allison, senior vice president of culinary operations at Chanticleer Holdings (HOTR), which operates the American Roadside Burger chain, said his chain raised prices about 12%, even though their beef costs are up even more than that.
- [By Konrad Kuhn]
Chanticleer Holdings (HOTR), a franchisee of international Hooters restaurants, has exploded through its upside target prices; however, in our view, the stock has a long way to go, as it expands its restaurants abroad, and in the US.
10 Best International Stocks To Invest In Right Now: National Health Partners Inc (NHPR)
National Health Partners, Inc., incorporated on March 10, 1989, is a national healthcare membership organization that was formed to address the need for affordable healthcare nationwide. The Company creates, markets and sells membership programs targeted toward underserved markets in the healthcare industry through a national healthcare savings network called CARExpress. CARExpress is a network of over 1,000,000 participating hospitals, doctors, dentists, pharmacists and other healthcare providers that have agreed to render their services and products to the Company’s members at discounted prices. CARExpress enables the Company’s members to engage in point-of-service transactions directly with participating healthcare providers and pay discounted prices.
The Company has designed membership programs that range from its traditional health discount programs that provide access to networks of providers that have agreed to provide its members with a reduced rate fo r services, to membership programs that include limited liability insurance benefits. The Company offers two families of CARExpress membership programs to its members, its CARExpress health discount programs, and its CARExpress Plus membership programs.
The Company’s CARExpress health discount programs consists of healthcare, including physicians, hospitals, ancillary services, dentists, prescription drugs, vision care, hearing aids, chiropractic services, alternative care, 24-hour nurseline, medical supplies and equipment, and long-term care facilities, which include skilled nursing facilities, assisted living facilities, respite care and home health care. The Company provides its members with access to over 1,000,000 healthcare providers through its agreements with CareMark, Aetna, Optum, Outlook Vision, Integrated Health, Three Rivers, International Med-Care and HealthFi International.
The Company’s CARExpress Plus programs are membership program s consists of the Company’s CARExpress health discount progr! ams and limited liability insurance benefits underwritten by United States.The limited liability insurance benefits included in these programs are accidental death and dismemberment coverage (AD&D), accident medical expense coverage (AME), accident disability coverage, a daily hospital and intensive care unit (ICU) benefit, doctor visit benefits, inpatient/outpatient surgical visit benefits, as well as emergency room and ambulance benefits. With CARExpress Plus, the Company’s health discount programs provide its members with a point of service discount on their healthcare expenses at the time of service. The Company offers three standard CARExpress Plus programs, which include CARExpress Plus Platinum Program, CARExpress Plus Gold Program and CARExpress Plus Silver Program.
The Company competes with Alliance HealthCard, Inc., AmeriPlan, Best Benefits, Careington International, Family Care, Full Access Medical, International Association of Businesses, New Benefit s, Inc. and People’s Benefit Services.
- [By Peter Graham]
Last Friday, small cap stocks National Health Partners, Inc (OTCMKTS: NHPR) surged 816.7% while Timios National Corp (OTCMKTS: HOMS) and Medical Care Technologies Inc (OTCMKTS: MDCE) sank 32.28% and 25%, respectively. So what will these three small caps do for investors and traders this week? Here is a closer look to help you decide on a trading strategy:
National Health Partners, Inc (OTCMKTS: NHPR) Surged 816.7% On Friday
Small cap National Health Partners is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” On Friday, National Health Partners surged 816.7% to $0.044 for a market cap of $107,933 plus NHPR is down 78% over the past year and up 923.3% since June 2012 according to Google Finance.
10 Best International Stocks To Invest In Right Now: California Water Service Group (CWT)
California Water Service Group, incorporated on August 2, 1999, is a holding company. The Company operates California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC are collectively called Utility Services. Cal Water, New Mexico Water, Washington Water, and Hawaii Water are regulated public utilities. Utility Services provides non-regulated services to private companies and municipalities. The Company’s business is conducted through its operating subsidiaries. Its bulk business consists of the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The no n-regulated services include full water system operation, billing and meter reading services. Non-regulated operations also include the lease of communication antenna sites, lab services, and promotion of other non-regulated services.
California water operations are conducted by the Cal Water and CWS Utility Services entities, which provide service to approximately 473,100 customers in 83 California communities through 25 separate districts. Of these 25 districts, 23 districts are regulated water systems, which are subject to regulation by the California Public Utilities Commission (CPUC). Cal Water operates two leased water systems, the City of Hawthorne and the City of Commerce, which are governed through their respective city councils and are outside of the CPUC’s jurisdiction. California water operations account for approximately 94% of its total customers and approximately 94% of its total consolidated operating revenue.
Hawaii Water provides service to approximately 4,2! 00 water and wastewater customers on the islands of Maui and Hawaii, including several resorts and condominium complexes. Hawaii’s regulated operations are subject to the jurisdiction of the Hawaii Public Utilities Commission. Hawaii Water accounts for less than 1% of its total customers and approximately 3% of its total operating revenue.
Washington Water provides domestic water service to approximately 15,800 customers in the Tacoma and Olympia areas. Washington Water’s utility operations are regulated by the Washington Utilities and Transportation Commission. Washington Water accounts for approximately 3% of its total customers and approximately 2% of its total consolidated operating revenue.
New Mexico Water provides service to approximately 7,600 water and wastewater customers in the Belen, Los Lunas and Elephant Butte areas in New Mexico. New Mexico’s regulated operations are subject to the jurisdiction of the New Mexico Public Regulation Co mmission. New Mexico Water accounts for approximately 2% of its total customers and approximately 1% of its total consolidated operating revenue.
Non-regulated activities consist primarily of operating water and waste water systems, which are owned by other entities; providing meter reading and billing services; leasing communication antenna sites on its properties; operating recycled water systems; providing lab services for water quality testing; billing of optional third-party insurance program to its residential customers; selling surplus property, and other services as requested by the client. The Company provides operating and maintenance, meter reading and customer billing services for several municipalities in California. It also provides sewer and refuse billing services to several municipalities. The Company leases antenna sites to telecommunication companies, which place equipment at various Company-owned sites. T he antennas are used in cellular phone and personal communic! ation app! lications.
- [By Richard Band]
California Water Service (CWT) is the third-largest publicly traded water utility in the country—and the largest west of the Mississippi River. The company has raised its dividend for 47 years in a row.
- [By Marc Bastow]
Utility holding company California Water (CWT) raised its quarterly dividend 1.5% to 16.25 cents per share, payable on Feb. 21 to shareholders of record as of Feb. 10.
CWT Dividend Yield: 2.78%
10 Best International Stocks To Invest In Right Now: Cubist Pharmaceuticals Inc.(CBST)
Cubist Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the research, development, and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. The company markets CUBICIN (daptomycin for injection), a once-daily, bactericidal, intravenous, antibiotic with activity against gram-positive organisms, including methicillin-resistant staphylococcus aureus. Its clinical development product pipeline consists of CXA-201, which is in the phase III clinical trial for patients with complicated urinary tract infections; and in phase II clinical trial for patients with complicated abdominal infections. The company is also developing CXA-201 for the treatment of hospital acquired pneumonia. In addition, its product under development comprises CB-183,315, an oral, bactericidal lipopeptide with in vitro bactericidal activity against C. difficile, for the treatment of clostridium difficile-associated diarrhea (CDAD). Further , the company?s pre-clinical programs include therapies to treat various bacterial infections and agents to treat acute pain. Additionally, it promotes MERREM I.V. (meropenem for injection), a carbapenem class intravenous antibiotic, in the United States under a commercial services agreement with AstraZeneca Pharmaceuticals, LP; and DIFICID as the treatment for CDAD in adults under the co-promotion agreement with Optimer Pharmaceuticals, Inc. The company also has collaborations with Forma Therapeutics, Inc. to discover and develop antibacterial compounds; an agreement with the Broad Institute to transform natural products discovery; a collaboration with Hydra Biosciences, Inc., to develop ion channel drugs; and a collaboration agreement with Alnylam Pharmaceuticals, Inc., for the development and commercialization of Alnylam’s RNAi therapeutics as a therapy for the treatment of respiratory syncytial virus. The company was founded in 1992 and is headquartered in Lexington, Ma s sachusetts.
- [By Rich Bieglmeier]
[Related -Cubist Pharmaceuticals Inc. (CBST): All-Time Highs On The Horizon?]
The FDA has accepted the Company’s New Drug Application (NDA) for its investigational antibiotic tedizolid phosphate (TR-701) with Priority Review. The FDA has assigned a Prescription Drug User Fee Act (PDUFA) action date of June 20, 2014. Cubist is seeking FDA approval of tedizolid for the treatment of acute bacterial skin and skin structure infections (ABSSSI).
- [By Maria Armental var popups = dojo.query(“.socialByline .popC”); popups.forEach]
Cubist Pharmaceuticals Inc.(CBST) said the Food and Drug Administration accepted for priority review the company’s new drug application for its investigational antibiotic for complicated urinary tract and complicated intra-abdominal infections. Shares rose 3.6% to $71 premarket.
- [By Victor Selva]
Forest Laboratories has a current ratio of 2.69% which is higher than the ones registered by Endo International Plc (ENDP), Valeant Pharmaceuticals International (VRX) and Cubist Pharmaceuticals Inc. (CBST). For investors looking for a higher ROE, Allergan Inc. (AGN) and Actelion Ltd. (ATLN.VX) are good options.
- [By Sean Williams]
What: Shares of Cubist Pharmaceuticals (NASDAQ: CBST ) , a biopharmaceutical company devoted to developing acute care therapies, added 12% following the announcement of its second-quarter earnings results.