Offering value, growth, plus a future dividend, our top pick for 2014 is a resource exploration company with a difference, suggests Adrian Day, money manager and editor of The Global Analyst.
Altius Minerals (OP:ATUSF) (TSX:ALS) is a resource exploration company with a difference. It has sought out partners for the expensive work of developing properties while retaining royalties. Now in a transformational transaction, Altius has announced it is buying 51% of a package of mineral royalties for $233 million.
The royalties are on 11 long-life producing mines of potash and coal, with most of the coal assets paying based on production, not the prevailing coal price. The royalty payers are mostly large companies, utilities in the case of the coal, and Potash and Mosaic for the potash.
Thus, these are mostly low-risk assets with almost utility-like returns. Last year, Altius’ 51% would have paid $25 million.
To finance the deal, Altius will spend about $110 million of cash and take on about $130 million in debt; it will issue no equity. The company plans to eliminate the debt as a priority, either from royalty cash flow or from the sale of some of the shares it holds in other companies (valued at about $100 million now).
5 Best Tech Stocks To Buy Right Now: LifeLock Inc (LOCK)
LifeLock, Inc., incorporated on April 12, 2005, is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment and an enterprise segment. In its consumer segment, the Company offer identity theft protection services to consumers on a monthly or annual subscription basis. In its enterprise segment, it offer identity risk assessment and fraud protection services to enterprise customers who pay the Company based on their monthly volume of transactions with it. It protects its consumer subscribers, whom it refers to as its members, by monitoring identity-related events, such as new account openings and credit-related applications. It also provides remediation services to its members in the event that an identity theft actually occurs. On March 14, 2012, the Company acquired ID Analytics, Inc. In December 2013, the Company announced that it has completed the acquisition of Lemon Inc.
The Company protects its members by proactively monitoring identity-related events, such as new account openings and credit-related applications, which may present a risk of identity theft. If it detects that a member’s personally identifiable information is being used, the Company sends notifications and alerts, including proactive, near real-time, actionable alerts, to the member via text message, phone call, or e-mail through its LifeLock Identity Alert system that allows the member to confirm valid or unauthorized identity use.
The Company delivers on-demand identity risk assessment and authentication information about consumers to its enterprise customers in their daily transaction flows. Its enterprise customers utilize this information in real time to authenticate their customers, assess their risk profile, and enhance the enterprise’s decision making process on which to base account opening, le! nding, credit, and other risk-based decisions. By integrating its services into their business processes, its enterprise customers can reduce potential financial losses from identity fraud. Information generated from the transaction flow at its enterprise customers is transmitted back to its data repositories, which continually enhances the LifeLock ecosystem and helps strengthen the services the Company can provide to its customers in the future.
The Company competes with Experian, Equifax, TransUnion, Affinion, Early Warning Systems, Intersections and LexisNexis.
- [By Rick Aristotle Munarriz]
AFP/Getty Images/Gabriel Bouys Companies can make brilliant moves, but there are also times when things don’t work out quite as planned. From a luxury electric car maker ramping up its production to sandwich makers failing to make dough rise, here’s a rundown of the week’s smartest moves and biggest blunders in the business world. Tesla Motors (TSLA) — Winner The Model S isn’t cheap, but Tesla is selling enough of them to impress investors. Shares of the maker of plug-in electric vehicles raced to a new high after announcing that it delivered 6,892 cars in its latest quarter. Things will get even better in 2014 as Tesla expects to sell and deliver 35,000 vehicles. Tesla will need to ramp up its production — currently, roughly 600 cars a week — to closer to 1,000 Model S and new Model X cars by the end of the year. Conn’s (CONN) — Loser It isn’t easy running a consumer electronics store these days. Shares of Conn’s plunged 43 percent on Thursday after warning that its holiday quarter results will fall well short of its earlier expectations. If that seems like a significant drop for a mere miss, let’s dive a little deeper. Conn’s also warned that it’s suffering from higher loan delinquencies than usual. Conn’s provides in-house consumer credit on its appliances, furniture, mattresses, and consumer electronics, so revealing that 8.8 percent of its loan portfolio hasn’t made a payment in more than 60 days is problematic. Conn’s, which has stores in the Southwest, blames cold weather for disrupting payments, but things are never as simple as that. Conn’s was holding up better than its peers that had imploded earlier this year on reports that the holidays weren’t so jolly this time around. Now we know that Conn’s is merely mortal, and that way too many of its customers last year aren’t current on their payments. Candy Crush Saga — Winner The company behind “Candy Crush Saga” filed to go public this week. Dublin-based King Digital Entertainment is hoping
- [By Rick Munarriz]
LifeLock (NYSE: LOCK ) has been a beneficiary over the years, as folks turn to the company to monitor potential ID breaches. It scored another strong quarter, with revenue climbing 30% and adjusted profitability more than doubling.
- [By Rick Munarriz]
LifeLock (NYSE: LOCK ) is the leading provider of identity theft monitoring for consumers. This may seem like a finicky model for a subscription service, but LifeLock has come through with 34 consecutive quarters of sequential growth in revenue and members.
5 Best Tech Stocks To Buy Right Now: Taro Pharmaceutical Industries Ltd (TARO)
Taro Pharmaceutical Industries Ltd., incorporated in 1959, is a science-based pharmaceutical company. The Company develops manufactures, and markets prescription and over-the-counter (OTC) pharmaceutical products, primarily in the United States, Canada and Israel. The Company also develops and manufactures active pharmaceutical ingredients (APIs), primarily for use in its finished dosage form products. The Company’s primary areas of focus include pediatric creams and ointments, liquids, capsules and tablets, mainly in the dermatological and topical, cardiovascular, neuropsychiatric and anti-inflammatory therapeutic categories. The Company operates through three companies: Taro Pharmaceutical Industries Ltd. (Taro Israel), and two of its subsidiaries (including indirect), Taro Pharmaceuticals Inc. (Taro Canada) and Taro U.S.A. The Company markets more than 180 pharmaceutical products in over 25 countries.
Taro Israel manufactures more than 160 finished dosage form pharmaceutical products for sale in Israel and for export. It produces APIs used in the manufacture of finished dosage form pharmaceutical products. It markets and distributes generic products in the local Israeli market. Taro Israel’s primary product lines include dermatology, prescription and OTC semi-solid products (creams, ointments and gels) and liquids; cardiology and neurology, prescription oral dosage products; oral analgesics, both prescription and OTC, and OTC oral and nasal sprays and ophthalmic products.
Taro Canada manufactures more than 70 finished dosage form pharmaceutical products for sale in Canada and for export. It markets and distributes generic products in the local Canadian market. Its product line includes dermatology: prescription and OTC semi-solid products (creams, ointments and gels) and liquids, cardiology, oncology, gastrointestinal and neurology: prescription oral and injects able dosage products, and allergy (antihistamine ): OTC oral dosage products.
Taro U.S.A markets! and distributes generic products in the United States market. Its primary product lines include dermatology: prescription and OTC semi-solid products (creams, ointments and gels) and liquids, cardiology and neurology: prescription oral dosage products, and other prescription and OTC products.
The Company competes with Bristol-Myers Squibb, GlaxoSmithKline, Merck, Novartis, Pfizer/Wyeth, Valeant, Galderma, Merck/Schering-Plough, Teva Pharmaceuticals U.S.A., Mylan Laboratories, Perrigo Company, Ranbaxy Pharmaceuticals Inc., Sandoz Pharmaceuticals, Merck Canada Inc., Pfizer Canada Inc., Janssen Inc., Schering-Plough Canada, Novartis Pharmaceuticals Canada Inc., GlaxoSmithKline Inc., Bayer Inc., Bristol-Myers Squibb Canada, Apotex Inc., Teva Canada Limited, Mylan Pharmaceuticals ULC, Sandoz Canada Incorporated, Pharmascience Inc., Teva Pharmaceutical Industries Ltd., Perrigo Israel Pharmaceuticals Ltd., Dexxon Ltd., Rafa Laboratories Ltd., Bayer AG, Eli Lilly and C ompany, Merck & Co., Inc. and Pfizer Inc.
- [By Ben Levisohn]
Teva has dropped 7.7% to $37.85 today at 3:23 p.m. but doesn’t seem to be spreading though the generic drug space. Taro Pharmaceuticals (TARO) ha gained 1.1% to $79, while Actavis (ACT) has gained 1.2% to $156.25 and Dr. Reddy’s Laboratories (RDY) has advanced 1% to $40.24. Mylan (MYL) has dropped 0.7% to $38.40.
- [By Rich Smith]
Israeli drugmaker Taro Pharmaceutical Industries (NYSE: TARO ) has a new CEO — and a new Chairman of the Board, as well.
On Thursday, Taro announced the imminent retirement of Interim Chief Executive Officer Mr. James Kedrowsk, who will be replaced August 1 by new permanent CEO Mr. Kalyanasundaram Subramanian (“Kal Sundaram”). Additionally, the company said that Dilip Shanghvi has been appointed Chairman of its Board of Directors.
5 Best Tech Stocks To Buy Right Now: Aetrium Incorporated(ATRM)
Aetrium Incorporated designs, manufactures, and markets electromechanical equipment for the semiconductor industry to handle and test integrated circuits (ICs). The company provides test handler products, which incorporates thermal conditioning, contacting, and automated handling technologies to provide automated handling of ICs during production of test cycles; change kits to adapt test handlers to various IC package configurations or to upgrade installed equipment; and gravity feed test handlers. It also offers reliability test equipment, which provides structural performance data to aid in the evaluation and improvement of IC designs and manufacturing processes. The company sells its products to semiconductor manufacturers, and their assembly and test subcontractors through direct salespeople, independent sales representatives, and distributors in the United States, the United Kingdom, France, Germany, Italy, Korea, Japan, Taiwan, China, Thailand, Malaysia, Singapore, a nd the Philippines. Aetrium Incorporated was founded in 1982 and is based in North St. Paul, Minnesota.
- [By Paul Ausick]
Stocks on the Move: Aetrium Inc. (NASDAQ: ATRM) is up 156.2% at $12.40 following a positive report based on a recent management change and new products. Mediabistro Inc. (NASDAQ: MBIS) is down 17.4% at $3.41 as the stock gives back some of the 87% gain it scored yesterday. J.C. Penney Co. Inc. (NYSE: JCP) is up 7.7% at $10.08 on momentum from an insider stock purchase earlier this week.
5 Best Tech Stocks To Buy Right Now: Avago Technologies Limited(AVGO)
Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Its product portfolio comprises RF amplifiers, RF filters, RF front-end modules, ambient light sensors, light emitting diodes, low noise amplifiers, mm-wave mixers, optical finger navigation products, diodes, fiber optic transceivers, serializer/deserializer ASICs, motion control encoders and subsystems, optocouplers, and optical mouse sensors. The company?s products are used in cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, renewable energy and smart power grid, factory automation, displays, optical mice, printers, voice and data communications, keypad and display backlighting, backlighting control, base stations, storage area networking, in-car infotainment, lighting, motor controls, power supplies, and optical disk drives applications. It markets its produ cts through a network of distributors and its direct sales force worldwide. The company sells approximately 6,500 products to original equipment manufacturers of wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals markets. Avago Technologies Limited was founded in 2005 and is based in Singapore.
- [By Jonas Elmerraji]
Avago Technologies (AVGO) is another name that’s starting to show signs of a top after rallying hard in the last year. Avago has actually doubled since last May, making the $16 billion name one of the best performers in the semiconductor space over that stretch of time. But a double-top setup in AVGO is drawing the line in the sand for downside risk.
Avago’s double-top pattern looks just like it sounds: The bearish reversal pattern is formed by two swing highs that top out around the same price level. The sell signal comes on a breakdown below the intermediate low at $58. Like CMC, this is a conditional sell. Until shares fall through that price floor at $58, there isn’t a signal here.
Why the significance at $58? Whenever you’re looking at any technical price pattern, it’s critical to keep buyers and sellers in mind. Shapes like double tops are a good way to quickly describe what’s going on in a stock, but they’re not the reason it’s tradable. Instead, it all comes down to supply and demand for shares.
That horizontal $58 support level in AVGO is the spot where there’s previously been an excess of demand for shares; in other words, it’s a price where buyers have been more eager to step in and buy shares at a lower price than sellers were to sell. That’s what makes a breakdown below support so significant — the move means that sellers are finally strong enough to absorb all of the excess demand at the at price level. So, if $58 gets taken out, you’ll want to join sellers in unloading (or shorting) shares.
- [By Mani]
Avago Technologies Ltd (NASDAQ:AVGO) should benefit from the robust LTE market in China in the first half of 2014. The company is seeing order strength from low-end, mid, and high-end segments primarily from bands 38-41.
- [By Paul Ausick]
Avago Technologies Ltd. (NASDAQ: AVGO) has a Sterne Agee price target of $65.00 and closed on Friday at $51.65 in a 52-week range of $30.57 to $54.54. The upside potential is 25.8%. The Thomson Reuters consensus estimate for fiscal 2014 earnings per share (EPS) is $3.34 and the 2015 EPS estimate is $3.81. The 2015 price-to-earnings (P/E) ratio works out to 13.56, and Sterne Agee sees a “secular tailwind” for the stock from a variety of drivers. The stock was trading down about 5% in premarket trading Monday morning.
5 Best Tech Stocks To Buy Right Now: Echelon Corporation(ELON)
Echelon Corporation develops, markets, and supports energy control networking solutions worldwide. Its solutions enable everyday devices, such as air conditioners, appliances, electricity meters, light switches, thermostats, and valves to be inter-connected; and energy control networking platform powers energy-savings applications for smart grid, smart cities, and smart buildings. The company?s product portfolio includes twisted pair smart transceivers that can be embedded into building automation devices, such as sensors, thermostats, motion detectors, air handlers, and chillers; SmartServer controller, a system manager and field controller for building networks and smart-energy applications; LonWorks control networks software (LNS) and OpenLNS operating system, which are development and integration tools; and third party energy management or grid analytics software, and apps for the SmartServer in hosted or server-based configurations. It also offers PL/RF Bridge to con nect segments of streetlights to a SmartServer; smart meters that provide load profiling, time-of-use, display of energy consumption, and prepaid metering payment capabilities; edge control nodes that connect smart meters and open smart grid protocol (OGSP) -based grid devices; and networked energy system software to retrieve data from smart meters and other OSGP-based devices. In addition, the company provides Element Manager, a browser based software that provides network analysis, graphed statistics, and automated network management; and control point modules that enable original equipment manufacturers (OEMs) to build OSGP compliant smart grid devices. It serves OEMs and systems integrators in the building, industrial, transportation, utility/home, and other automation markets through direct sales organization, electronics representatives, value-added resellers, and distributors. Echelon Corporation was founded in 1988 and is headquartered in San Jose, California.
- [By John Udovich]
Small cap cloud stock Opower Inc (NYSE: OPWR), a cloud solutions provider to the utility sector, IPO’d at $19 on Friday to close at $23 a share, meaning its worth taking a closer look at the stock plus take a look at the performance of smart meter or smart grid stocks like Itron, Inc (NASDAQ: ITRI), Echelon Corporation (NASDAQ: ELON) and EnerNOC, Inc (NASDAQ: ENOC).
- [By John Udovich]
Although small cap smart metering stock Silver Spring Networks Inc (NYSE: SSNI) recently soared on earnings, it also plunged yesterday after loosing out on important contract – meaning it might be time to take a closer look at it along with other smart metering stocks like Itron, Inc (NASDAQ: ITRI) or Echelon Corporation (NASDAQ: ELON) to see if they are smart investments.