FiveThirtyEight, the data analysis site founded by statistician-turned-journalist Nate Silver, relaunched Monday under ESPN’s ownership, promising stories rooted in statistical analysis, interactive graphics, news applications, podcasts and films.
“One of our roles will be to critique incautious uses of statistics when they arise elsewhere in news coverage,” he wrote on the site Monday. “At other times, we’ll explore ways that consumers can use data to their advantage and level the playing field against corporations and governments.”
REM RIEDER: Nate Silver’s next act
Silver came to prominence in 2008 when he compiled and computed local election polls to predict Barack Obama’s victory in the general election. The New York Times subsequently struck an agreement with Silver to host his work online, and Silver’s updates and similar prediction for President Obama’s 2012 re-election drew heavy traffic for the newspaper’s website.
Top 10 Asian Companies To Invest In 2014: Spectra Energy Partners LP(SEP)
Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet (Bcf) and re-gasification capability of 150 million cubic feet per day. The company also owned a 24.5% interest in the approximate 700-mile Gulfstream interstate natural gas transportation system, which extends from Pascagoula, Mississippi, and Mobile, Alabama across the Gulf of Mexico and into Florida; a 50% interest in Market Hub, which owns and operates 2 salt cavern natural gas storage facilities, the Egan storage facility with gas capacity of approximately 20 Bcf, and the Moss Bluff storage facility with working gas capacity of 15 Bcf. The company transports and stores natural gas for local gas distribution companies, municipal utilities, interstate and intrastate pipelines, direct industrial users, electric power generators, marketers, and producers. Spectra Energy Partners (DE) GP, LP, operates as the general partner to Spectra Energy Partners, LP. The company is based in Houston, Texas.
- [By Marc Bastow]
Natural gas pipeline supplier Spectra Energy Partners (SEP) raised its quarterly dividend 5.8% to 54.625 cents per share, payable on Feb. 28 to shareholders of record as of Feb. 14.
SEP Dividend Yield: 4.87%
- [By Jon C. Ogg]
Spectra Energy Corp. (NYSE: SE) was reiterated as Buy with a $38 price target (versus a $34.92 closing price) at Argus. The move follows the Spectra’s announcement that it will drop its storage and transmission assets down to its master limited partnership, Spectra Energy Partners L.P. (NYSE: SEP). Argus now believes that Spectra will be able to grow its dividend faster than the firm had originally projected and will be rewarded with a higher valuation multiple.
- [By Jonas Elmerraji]
Gas pipeline company Spectra Energy Partners (SEP) is showing traders the exact same setup right now — albeit slightly more textbook than Barrick’s. Spectra is another ascending triangle with resistance at $46. A breakout above the $46 level is the signal that it’s time to be a buyer in this nat gas transporter.
Whenever you’re looking at any technical price pattern, it’s critical to think in terms of those buyers and sellers. Triangles and other pattern names are a good quick way to explain 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 $46 resistance level is a price where there has been an excess of supply of shares; in other words, it’s a place where sellers have been more eager to step in and take gains than buyers have been to buy. That’s what makes a breakout above it so significant — the move means that buyers are finally strong enough to absorb all of the excess supply above that price level.
Don’t be early on this trade.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on Spectra Energy Partners (NYSE: SEP ) , whose recent revenue and earnings are plotted below.
Top 10 Asian Companies To Invest In 2014: Empire State Realty Trust Inc (ESRT)
Empire State Realty Trust, Inc., incorporated on July 29, 2011, is a self-administered and self-managed real estate investment trust (REIT), which owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates in two segments: real estate and construction contracting. As of June 30, 2013, the Company owned 12 office properties (including one long-term ground leasehold interest) encompassing approximately 7.7 million rentable square feet of office space, which were approximately 83.5% leased (or 86.2% giving effect to leases signed but not yet commenced as of that date). Seven of these properties are located in the midtown Manhattan market and encompass in the aggregate approximately 5.9 million rentable square feet of office space, including the Empire State Building. Its Manhattan office properties also contain an aggregate of 440,615 rentable square feet of retail space on their ground floor and/or lower levels. Its remaining five office properties are located in Fairfield County, Connecticut and Westchester County, New York, encompassing in the aggregate approximately 1.8 million rentable square feet.
The Company has entitled land at the Stamford Transportation Center in Stamford, Connecticut, adjacent to one of its office properties, that supports the development of an approximately 380,000 rentable square foot office building and garage, which refers to herein as Metro Tower. As of June 30, 2013, its portfolio also included four standalone retail properties located in Manhattan and two standalone retail properties located in the city center of Westport, Connecticut, encompassing 204,452 rentable square feet in the aggregate. As of June 30, 2013, its standalone retail properties were 100% leased in the aggregate. In addition, the Company has an option to acquire from affiliates of its predecessor two additional Manhattan office prop erties encompassing approximately 1.5 million rentable squar! e feet of office space and 153,209 rentable square feet of retail space at the base of the buildings.
The Empire State Building is the Company’s flagship property. The 102-story building consists of 2,701,938 rentable square feet of office space and 167,788 rentable square feet of retail space. The building also includes its observatory and broadcasting operations. The Company’s portfolio includes retail properties located in retail corridors in Manhattan and Westport, Connecticut. Tenants at 10 Union Square in Manhattan include Best Buy Mobile, Starbucks, A&P, Panera Bread, FedEx/Kinko’s, Au Bon Pain, Chipotle Mexican Grill, and GameStop. In the greater New York metropolitan area, its portfolio includes high quality suburban office properties in densely populated metropolitan communities in Fairfield County, Connecticut and Westchester County, New York. tenants of the greater New York metropolitan area flagship Metro Center (at the Transportation Center i n Stamford, Connecticut) include Thomson Reuters, Jefferies Group, Columbus Circle Investors, Torm Shipping, Olympus Partners, BP Energy, Tweedy, Browne Company and Susquehanna International.
The Company approximately has 242 million square feet of rentable space, which are contained within Midtown’s multi-tenant office buildings. Downtown Chicago and the Washington, D.C. CBD combine has a total of 230 million square feet of office space. Three-quarters 75.3% of Midtown’s office stock is classified as Class A with total square footage of 182 million square feet. The Company approximately has 43.9 million square feet of Midtown office space is counted as Class B stock, accounting for 18.2% of the total market. The remaining 6.5% of Midtown office space (15.8 million square feet) is categorized as Class C space. The Grand Central submarket is a office submarket in Midtown Manhattan with 44 million square feet and is located on the east side of Midtown Manhatta n, to the north of Murray Hill and to the south of the Park ! Avenue co! rridor.
The West Side office submarket, located to the south and west of Central Park and including the area around Columbus Circle, consists of 25.8 million square feet of office space. Westchester County contains approximately 28.9 million square feet of office space and is split into six submarkets: White Plains CBD and non-CBD, Northern, Central, Eastern and Southern. The White Plains CBD is situated in south central Westchester County, along the Cross-Westchester Expressway (Interstate 287) corridor between the Sprain Brook Parkway and the Hutchinson River Parkway. The submarket consists of approximately 6.3 million square feet of office space and is defined to include the area south of Barker Avenue, north of Quinby Avenue, east of the Bronx River Parkway and west of South Broadway/Post Road. Westchester’s Eastern office submarket consists of 6.5 million square feet of space and is located to the east of White Plains, between New Rochelle and the Connec ticut state border.
- [By Reuters]
John Moore/Getty Images NEW YORK — Investors in the Empire State Building have filed a lawsuit accusing the real estate magnates who took it public of short-changing them $300 million by refusing to sell the iconic skyscraper at a premium price. According to a complaint filed Tuesday in a New York state court in Manhattan, Peter Malkin and his son Anthony put their own interests ahead of the building’s investors by spurning all-cash offers of as much as $2.3 billion for the building and $1.4 billion for Empire State Building Associates, which held the title and master lease. Instead, the Malkins put the landmark building and 17 other properties into Empire State Realty Trust Inc., whose Oct. 1 IPO valued the property at just $1.89 billion and ESBA at just $1.1 billion, according to the complaint. The lawsuit by plaintiff Marc Postelnek seeks class-action status on behalf of more than 2,800 investors who hold shares in ESBA, which was created in 1961 and was supervised by a Malkin company, Malkin Holdings. It claimed the Malkins acted in bad faith by aborting a “bidding war” for the building, and instead enriched themselves by hundreds of millions of dollars through an IPO. “Given their positions of control and authority over the fate of the Empire State Building, the Malkins had a duty to act in the best interests of their investors,” the plaintiffs’ lawyer, John Rizio-Hamilton, a partner at Bernstein Litowitz Berger & Grossmann, representing Postelnek, told Reuters. “By failing to properly consider offers to maximize the building’s value, the Malkins breached that duty.” The lawsuit seeks to recover profit that building investors allegedly lost because of the Malkins’ refusal to sell. Empire State Realty Trust, a real estate investment trust, is a successor to Malkin Holdings. “These claims are wholly without merit and we will respond to them in court,” a spokeswoman for the REIT said Thursday. ESBA had been created by Lawrence Wien, the father
Top 10 Asian Companies To Invest In 2014: NuStar GP Holdings LLC (NSH)
NuStar GP Holdings, LLC (NuStar GP Holdings), incorporated on June 06, 2000, conducts operations through its indirect ownership interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing. The Company operates in three segments: NuStar Energy’s Storage Segment, NuStar Energy’s Pipeline Segment and NuStar Energy’s Asphalt and Fuels Marketing Segment. On January 1, 2013, NuStar Energy sold the San Antonio Refinery and related assets, which included inventory, a terminal in Elmendorf, Texas and a pipeline connecting the terminal and refinery. On December 13, 2012, NuStar Energy completed its acquisition of the TexStar Crude Oil Assets (as defined below), including 100% of the partnership interest in TexStar Crude Oil Pipeline, LP, from TexStar Midstream Services, LP and certain of its affiliates.
NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, the United Kingdom and Turkey. NuStar Energy L.P.’s asphalt refineries, refined product terminals, petroleum and specialty liquids storage and terminaling operations, and crude oil storage tank facilities are predominantly located on waterways that are easily accessible by barge or vessel. On September 28, 2012, NuStar Energy sold a 50% ownership interest (the Asphalt Sale) in NuStar Asphalt LLC (Asphalt JV), previously a wholly owned subsidiary of NuStar Energy, to an affiliate of Lindsay Goldberg LLC (Lindsay Goldberg), a private investment firm.
- [By Robert Rapier]
But it is important to note that ETE also has interests in Sunoco Logistics Partners (NYSE: SXL) and Regency Energy Partners (NYSE: RGP).
Finally, consider NuStar Energy (NYSE: NS) and its general partner NuStar GP Holdings (NYSE: NSH). Like ETE, NSH went public in 2006 and has also significantly outperformed its limited partner since:
The vast majority of partnerships don’t have a publicly-traded GP. But in each of these three cases in which the GP is publicly traded, the GP tends to outperform the LP units on long-term gains, an advantage somewhat offset by the typically higher LP yield.
Top 10 Asian Companies To Invest In 2014: Juniper Networks Inc (JNPR)
Juniper Networks, Inc. (Juniper Networks), incorporated on September 10, 1996, designs, develops, and sells products and services that together provide its customers with network infrastructure. It operates in two segments: Infrastructure and Service Layer Technologies (SLT). The Company’s Infrastructure segment primarily offers routing and switching products that are used to control and direct network traffic from the core, through the edge, aggregation, and the customer premise equipment level. Infrastructure products include its Internet protocol (IP) routing, carrier Ethernet routing portfolio, and Ethernet switching portfolio. In addition, the Infrastructure segment offers a complete wireless local area network (WLAN) solution. Its SLT segment offers solutions that meet a range of its customers’ priorities, from protecting the users, applications and data on the network itself to providing network services across a distributed infrastructure. Effective September 13, 2013, Juniper Networks, Inc. acquired Contrail Networks Inc.
Brilliant is a supplier of packet-based, network synchronization equipment and monitoring solutions. During the year ended December 31, 2011, the Company introduced its network architecture and fabric technology for the data center, QFabric. It serves the high-performance networking requirements of global service providers, enterprises, and public sector organizations. The Company’s open cross-network software platform includes the Junos operating system (Junos OS), Junos Space network application platform, and Junos Pulse integrated network client. The Company offers a product portfolio that spans routing, switching, security, application access, and mobility device security.
The Company’s T Series core routers are primarily designed for core IP infrastructures and are also being sold into the multi-service environment. Its PTX Series is a large c apacity (8 and 16 tera-bits per second) MPLS-optimized packe! t transport switch for the core networks, of content service providers and Tier 1 service providers, with high throughout of packet traffic. The Company’s E Series products are a full featured platform designed for the network edge with support for carrier-class routing, broadband subscriber management services, and a set of IP services. The MX Series is a product family developed to address emerging Ethernet network architectures and services in service provider and enterprise networks. The Company’s EX Series family extends its product portfolio running its Junos OS to address the Ethernet switch market. Ethernet is a used technology, which is used to transport information in enterprise networks. Infrastructure Products also includes QFabric Products and WLAN product.
SLT Products include Services Gateway, Integrated Firewall, and VPN Solutions, Secure Access Appliances, Secure Access Appliances, IDP Series Appliances and Identity and Policy Control Solutions. The Company’s SRX Series of dynamic services gateways, running its Junos software, provides firewall/VPN and combines routing, switching, and security functionality. The series is designed to meet network and security requirements for data center consolidation, rapid managed services deployments, and aggregation of security services. Its firewall and VPN systems and appliances are designed to provide integrated firewall, VPN, and denial of service protection capabilities for both enterprise environments and service provider network infrastructures. These products range from its SSG product series, which combines LAN/WAN routing capabilities with threat management features, such as antivirus, anti-spam, and Web filtering technologies, to its ISG and NetScreen Series firewall and VPN systems, which are designed to deliver security in medium/large enterprises, carrier networks, and data centers.
The Company’s Junos Pulse, Junos Pu lse Mobile Security Suite, and SA Series SSL VPN appliances,! designed! for use in companies of all sizes, are used to provide secure access to corporate resources for remote and mobile users from any Web-enabled device, regardless of location. Its portfolio of identity and policy control solutions integrates subscriber privileges, application requirements, and business policies with the IP network infrastructure.
The Company competes with Cisco Systems, Inc. (Cisco), Alcatel-Lucent, Brocade Communications Systems, Inc. (Brocade), Extreme Networks, Inc., Hewlett Packard Company (HP), Huawei Technologies Co., Ltd. (Huawei), Check Point Software Technologies, F5 Networks, Inc., Palo Alto Networks, Inc., and Riverbed Technology, Inc.
- [By Rich Bieglmeier]
[Related -Juniper Networks (JNPR) Calls Look For Shares To Rebound]
Elaborating on his meeting and justifying his recommendation and price target change, the analyst went on, “We came away from our meeting with an ongoing sense of confidence that Juniper is committed to achieving the cost reduction initiatives and capital returns promised in the Integrated Operating Plan (IOP), which we think may drive more than $2.00 in non-GAAP EPS during 2015– above the consensus of $1.89. We believe progress toward the plan’s stated objectives may drive multiple expansion and material share price appreciation, while ongoing activist involvement may limit downside from current levels.”
- [By Monica Wolfe]
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases and buys in Real Time activity from Kyle Bass (Trades, Portfolio) and Paul Singer (Trades, Portfolio).Kyle Bass (Trades, Portfolio) Over the past week Kyle Bass (Trades, Portfolio) made a notable increase in to Nationstar Mortgage Holdings (NSM). The guru added a total of 3,673,972 shares of the company’s stock. He bought these shares at an average price of $31.27 per share, and since then the price per share has gone up about 5% to $32.80 per share.Bass now holds on to 4,759,610 shares of Nationstar M ortgage holdings, representing 5.26% of the company’s shares outstanding.Bass’s historical holding history as of the close of the fourth quarter 2013:Nationstar Mortgage provides residential mortgage loan services. It services residential mortgage loans throughout the United States. Nationstar is one of the largest servicers in the US, with a residential mortgage servicing portfolio of over $391 billion in unpaid principal balance as of Dec. 31, 2013.Nationstar Mortgage’s historical revenue and net income:The company recently released its fourth quarter and full year financial results which highlighted:- 2013 GAAP EPS of $2.40 on net income of $217 million.- Ending servicing portfolio UPB of $391 billion.- 2013 servicing portfolio growth of 88%.- 2013 return on equity of 25%.- Funded volume of $24 billion in 2013.The company also recently announced that they had received a letter from Benjamin Lawsky, Superintendent of the New York Department of Financial Services, whi ch inquires about Nat
- [By tyokunbo]
Cisco faces stiff competition from companies like Alcatel-Lucent (ALU), Hewlett-Packard (HPQ) and Juniper Networks (JNPR). Broadly speaking, Cisco outperformed many of its competitors in terms of a revenue growth prospective. Compared to its peers, Cisco has a crucial advantage. It is able to better navigate dynamic technological environments to uniquely position itself in the industry.
- [By Myra Ramdenbourg]
Juniper Networks Inc. (JNPR): Division EVP CFO and Ops Robyn M. Denholm Sold 40,000 Shares
On 01/28/2014, Division EVP CFO and Ops Robyn M. Denholm sold 40,000 shares at an average price of $27.21. The price of the stock has decreased by 3.49% since. Juniper Networks Inc. has a market cap of $13.16 billion and its shares were traded at around $26.26. The company has a P/E ratio of 30.60 and P/S ratio of 2.86. Over the past five years, Juniper Networks Inc. had an annual average earnings growth of 5.00%.
Top 10 Asian Companies To Invest In 2014: Logitech international SA (LOGI)
Logitech International S.A. (Logitech) is a holding company. Logitech develops and markets hardware and software products for digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Logitech operates in two segments: peripherals and video conferencing. The Company’s peripherals segment includes design, manufacturing and marketing of peripherals for personal computers (PCs) and other digital platforms. Its products for the PC include mice, trackballs, keyboards, interactive gaming controllers, multimedia speakers, headsets, webcams, and lapdesks. Logitech’s Internet communications products include webcams, headsets, video communications services, and digital video security systems for a home or small business. Its digital music products include speakers, earphones, and custom in-ear monitors. On July 6, 2010, Logitech acquired all of the assets of Paradi al AS. On March 31, 2011, the Company sold its equity interest in certain 3Dconnexion subsidiaries.
3Dconnexion subsidiaries are the providers of the Company’s 3D controllers, and its intellectual property rights related to the manufacture and sale of certain 3Dconnexion products. Paradial AS provides firewall and network address translation (NAT) traversal solutions for video communications. For home entertainment systems, Logitech offers the Harmony line of advanced remote controls, Squeezebox wireless music solutions and, in the United States, a line of Logitech products for the Google TV platform. For gaming consoles, the Company offers a range of gaming controllers and microphones, as well as other accessories. Logitech’s sells its peripheral products to a network of distributors and resellers and to other equipment manufacturers (OEMs). The Company’s worldwide retail network includes wholesale distributors, consumer electronics retailers, mass mercha ndisers, specialty electronics stores, computer and telecomm! unications stores, resellers and online merchants.
The Company’s video conferencing segment includes design, manufacturing and marketing of LifeSize video conferencing products, infrastructure and services for the enterprise, public sector and other business markets. LifeSize products include high-definition (HD) video communication endpoints, HD video conferencing systems with integrated monitors, video bridges and other infrastructure software and hardware to support large scale video deployments, and services to support these products. Logitech sells its LifeSize products and services to distributors, resellers, OEMs and direct enterprise customers. Logitech conducts its business through subsidiaries in the Americas, including North and South America; Europe, Middle East, Africa (EMEA), and Asia Pacific, including, among other countries, China, Taiwan, Japan, India and Australia.
Logitech offers a range of computer mice, sold through retail and OEM channels. Its mice products include M215, M310 and M305 wireless mice with advanced 2.4 gigahertz wireless connection and cordless universal serial bus (USB) plug-and-forget nano-receiver; Performance Mouse MX and Anywhere Mouse MX with Logitech Darkfield Laser Tracking; Marathon Mouse 750, and Wireless Trackball M570. Logitech’s mice products also include a line of gaming mice, including the Wireless Gaming Mouse G700, with 13 precisely placed, programmable controls to perform single actions and complex macros, full-speed gaming-grade wireless, and a quick-connect charging cable. In addition, the Company sells both corded and cordless mice designed specifically for OEM customers.
Keyboards and Desktops
Logitech offers a range of corded and cordless keyboards and desktops (keyboard-and-mouse combinations). The Company’s keyboards and desktops include Wireless Solar Keyboard K750; K800 Illuminated Wireless Keybo ard; The diNovo Edge keyboard; Wireless Desktop MK320, and G! 19 Keyboa! rd for Gaming.
Logitech designs and manufactures a range of multimedia speakers, including Wireless Speaker Z515, The Laptop Z305 speaker, and The S-series line of portable iPod/MP3 docks, including the Rechargeable Speaker S715i and the Portable Speaker S135i. It also designs and manufactures The Z-623 2.1 THX certified speakers, the Z-506 5.1 Speakers, and the Z-906 5.1 Surround Sound speakers. Logitech offers a portfolio of network music systems. The Squeezebox Touch, with its 4.3-inch color touch screen, connects to existing stereo system and speakers and supports sampling rates of up to 24 bits at 96 kilohertz. The Squeezebox Radio is a compact network music player and alarm that allows to connect to home network, and access Internet radio, personal music collection or subscription services.
The Ultimate Ears product line offers a range of in-ear consumer or fit earphones for portable music enthusiasts, as well as custom stag e earphones for musicians and sound engineers. Its line of earphones include Ultimate Ears 100 and 200 value-priced earphones, with silicone ear cushions in a durable sweat-resistant design; Ultimate Ears TripleFi 10 with triple armature speakers, and The Ultimate Ears 600 featuring single armature speakers, the Ultimate Ears 600vi, and the Ultimate Ears 700 featuring dual armature speakers. Its line of Ultimate Ears Custom Stage Earphones include Ultimate Ears In-Ear Reference Monitors co-designed with Capitol Studios for professional studio engineers and producers for use during recording, mixing and mastering original music content, the UE-18 Pro featuring a six-speaker design, the UE-7 Pro for live performance and stage use, and the UE-4 Pro featuring a dual speaker design for artists and audiophiles.
Logitech offers headsets and microphones designed for applications, such as PC voice communications, voice over Internet protocol (VoIP) applications and onlin e gaming. Its products in this category include the ClearCha! t PC Wire! less headset, the Wireless Headset H760, the USB Headset H530, the G35 Surround Sound Headset for gaming, the Wireless Gaming Headset G930, the USB Desktop Microphone, and the OCS certified Logitech B-530 USB Headset.
Logitech’s webcam offerings include Logitech HD Pro Webcam C910, Logitech Webcam Pro 9000, Logitech HD Webcam C510 and Logitech TV Cam for use with Logitech Revue. Logitech’s webcams works with video messaging applications, and provides up to HD 720p video calling in Skype, Windows Live Messenger and Logitech Vid HD. The Logitech Alert digital video security system is a complete home or small business video security system, with software that provides motion alerts and a live view from an Internet-connected computer, smartphone, tablet or Google TV system, including Logitech Revue.
Logitech offers a range of game controllers for PC gamers, including joysticks, steering wheels, gamepads, mice a nd keyboards, and headsets, as well as gaming products for console platforms, such as PlayStation2, PlayStation3, PSP (PlayStation Portable), Xbox, Xbox 360 and Nintendo Wii. The Company’s gaming products include Logitech G700 Wireless Gaming Mouse; Logitech G13 advanced gameboard with a built-in LCD screen, 25 programmable keys and onboard memory; Logitech G27 Racing Wheel and Logitech G35 Surround Sound Headset.
The Company’s line of remotes includes Harmony One remote, Harmony 900 remote and Harmony 650. In October 2010, Logitech introduced its line of products for Google TV in the United States, including Logitech Revue and the Logitech Keyboard Controller; Logitech TV Cam and Vid HD service, and Logitech Mini Controller.
LifeSize Video Conferencing
LifeSize division offers HD video communication solutions, including HD video conferencing products, audio conference telephones, hardware infrastructure so lutions, video management software, and services to support ! video and! audio communications and help users connect to any network securely and with ease. The LifeSize product line includes Passport, LifeSize Video Center, Express Series, Team Series, Room Series and LifeSize Bridge.
The Company competes with Microsoft Corporation, Plantronics, Inc., Altec Lansing LLC, Creative Labs, Inc., Bose Corporation, Sony Corporation, Royal Philips Electronics NV, Hewlett-Packard, Intec, Razer USA Ltd., Performance Designed Products, LLC (Pelican Accessories), Mad Catz Interactive, Inc., Universal Remote Control, Inc., Universal Electronics Inc., RCA, Apple Inc., Roku, Inc., Cisco, Radvision Ltd., Vidyo, Inc. and Polycom.
- [By Louis Navellier]
Logitech International (LOGI) is a Swiss company that designs, manufactures, and markets hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security, and home-entertainment control.
- [By Brian O’Connell and Brian O’Connell]
You can’t be a video gamer, a PC user, or even a home entertainment watcher without using one of Logitech’s (NASDAQ: LOGI) products.
The company develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
The company’s stock has risen by 16 percent so far this year. In January, Logitech announced “better than expected” sales of $628 million for the third quarter, up 2 percent on a year-over-year basis. Cash flow was way up, and earnings per share of $0.30 was up compared to a loss one year earlier.
The retail numbers tell the real story, with the company’s combined retail growth categories up 62 percent, year-over-year. Tablet peripheral salaries were up 95 percent; audio wearables and wireless sales were up 79 percent; and video gaming sales rose by 25 percent in the same time period.
Thos e are numbers that are manna from heaven for a company that really needed them, after a 30-month period of mediocre performance from 2010-to-mid-2013 that saw LOGU’s share price fall stagnate in the $8-$10-per-share range.
“We’re pleased by our solid Q3 performance, with both sales and profit growth,” notes Bracken P. Darrell, Logitech’s chief executive officer. “We’re encouraged by the robust sales in our growth categories, as well as the success of our ongoing initiatives to improve profitability.”
“We still have more work ahead, but our turnaround is on track as we continue to build a faster and more profitable Logitech,” he adds.
Going forward, Logitech has upped its yearly outlook, calling for sales of $2.1 billion, up from $2 billion in its last outlook. Non-GAAP operating income should rise to $125 million, up from $100 million previously.
Why the continued optimism over Logitech, after two-and-half years of tepid pe rformance?
- [By Jake L’Ecuyer]
Equities Trading UP
Logitech International SA (NASDAQ: LOGI) shot up 16.94 percent to $15.46 after the company reported strong FQ3 results and lifted its full-rear guidance.
- [By Lisa Levin]
Logitech International SA (NASDAQ: LOGI) rose 16.84% to $15.45 after the company reported strong FQ3 results and lifted its full-rear guidance.
Fusion-io (NYSE: FIO) shares jumped 14.75% to $10.81 on stronger-than-expected quarterly results.
Top 10 Asian Companies To Invest In 2014: KT Corp (KT)
KT Corporation is an integrated telecommunications service provider in the Republic of Korea. Its services include personal communications service (PCS) mobile telecommunications services and high speed downlink packet access (HSDPA)-based IMT-2000 wireless Internet and video multimedia communications services; telephone services, including local, domestic long-distance and international long-distance fixed-line telephone services and interconnection services; broadband Internet access service and other Internet-related services, including Internet protocol television (IP-TV) services, and various other services, including leased line service and other data communication service, satellite service and information technology and network services. On June 1, 2009, KTF merged into KTF Corporation. In October 2009, it disposed its majority stake in its wholly owned subsidiary, KT FDS Corporation, engaged in computer software developing business.
The Company provides mobile services based on code division multiple access (CDMA) technology and wideband code division multiple access (W-CDMA) technology. PCS service is a digital wireless telephone and data transmission system, which uses portable handsets with long battery life to communicate, through low-power antennae. The PCS service is based on CDMA technology and utilizes 40 megahertz of bandwidth in the 1800 megahertz frequency.
The Company markets the mobile services primarily through independent dealers located throughout the Republic of Korea. As of December 31, 2009, there were approximately 2,200 shops managed by the independent dealers. In addition to assisting new subscribers to activate mobile service and purchase handsets, authorized dealers are connected to the database and are able to assist customers with account information.
The telephone network includes exchanges, long-distance tra nsmission equipment and fiber optic and copper cables. The C! ompany utilizes the telephone network to provide fixed-line telephone services, which consist of local, domestic long-distance and international long-distance services. The long distance cable network is made up of fiber optic cable and could carry both voice and data transmissions. The Company provides Internet phone services that enable voice over Internet protocol (VoIP) phone devices with broadband connection to make domestic and international calls. As of December 31, 2009, the fixed-line telephone services accounted for 18% of the Company’s operating revenues.
The Company’s Internet services include asymmetric digital subscriber line (ADSL), very high speed digital subscriber line (VDSL), Ethernet and fiber-to-the-home (FTTH) services under the QOOK Internet brand name; wireless local area network (LAN) service under the Nespot brand name, which is designed to integrate fixed-line and wireless services by offering high s peed wireless Internet access to laptops, personal digital assistants (PDAs) and smart phones in hot-spot zones and QOOK Internet service in fixed-line environments, and WiBro Internet access service, which enables two-way wireless broadband Internet access to portable computers, mobile phones and other portable devices at a speed averaging one megabits per second per user. As of December 31, 2009, the Company had seven million fixed-line QOOK Internet subscribers and approximately 296,000 Nespot service subscribers.
The other Internet-related services focus primarily on providing infrastructure and solutions for business enterprises, as well as IP-TV and network portal services. It operates seven Internet data centers located throughout the Republic of Korea and provide a range of computing services to companies which need servers, storages and leased lines. Internet data centers are facilities used to house, protect and maintain network server computers that store and deliver Internet and other network content, such a! s Web pag! es, applications and data.
The Internet data centers offer network outsourcing services, server operation services and system support services. The network outsourcing services include co-location, which is the installation of the customers’ network equipment at the Internet data centers. The Company also offer a service called Bizmeka to develop and commercialize business-to-business solutions focusing small and medium-sized business enterprises in the Republic of Korea. Bizmeka is an applied application service provider, which provides business solutions, including customer database management and electronic data interchange.
The Company also offers high definition video-on-demand and real-time broadcasting IP-TV services under the brand name QOOK TV. The IP-TV service offers access to a range of digital media contents, including movies, sports, news, educational programs and television replay, for a fixed monthly fee. As of December 31, 2009, the Company had 1.2 million QOOK TV subscribers.
The data communication service involves offering lines, which allow point-to-point connection for voice and data traffic between two or more geographically separate points. It provides broadband Internet connection service to institutional customers under the Kornet brand name.
The Company is also engaged in various business activities, which extends beyond telephone services and data communications services, including information technology and network services, real estate development and car rental business. It offers a range of integrated information technology and network services to the business customers. The range of services include consulting, designing, building and maintaining systems and communication networks, which satisfy the individual needs of the customers in the public and private sectors.
The Company competes with SK Broadband Co., Ltd., LG Telecom Co., Ltd., Onse Telecom Corporation, SK Telink, Inc. and Dreamline.
- [By Lisa Levin]
KT Corp (NYSE: KT) shares tumbled 1.37% to touch a new 52-week low of $13.65. KT Corp shares have dropped 21.32% over the past 52 weeks, while the S&P 500 index has gained 21.66% in the same period.
- [By Tim Melvin]
ArcelorMittal (MT) is an integrated steel company based in France that sells to a wide range of industries in more than 170 countries around the world. Over the past year, the company has earned gross profits of $74 billion on total assets of $122 billion, so it qualifies as a high-profit company using Novy-Marx’s definition. MT stock currently fetches just 65% of book value, so it’s definitely a bargain issue at this price. Anticipating a stronger steel market in 2014, brokerage and research firm Cowen recently raised its rating on MT stock to “buy,” and also upgraded U.S. Steel (X).
KT Corporation (KT)
KT Corporation (KT) is a telecommunications company in Korea. KT Corp. offers traditional fixed-line services as well as voice over Internet protocol service, and also is a leading provider of Internet and broadband services in South Korea. KT is growing its wireless broadband business in partnership with Sony (SNE), Intel (INTC) and Samsung (SSNLF). The company produced gross profits of $32 billion on $34 billion of assets last year, and KT stock trades well under book value right now.
Top 10 Asian Companies To Invest In 2014: Vonage Holdings Corp.(VG)
Vonage Holdings Corp. provides broadband communication services in the United States, Canada, and the United Kingdom. The company offers voice and messaging services through session initiation protocol (SIP) based voice over Internet protocol network. The company?s primary product offering is Vonage World, a residential plan with unlimited calling domestically and to approximately 60 countries, including India, Mexico, and China for a flat monthly rate. It also provides broadband telephone replacement services to residential, small office, and home office customers through various service plans with a range of basic features, including call waiting, caller ID with name, call forwarding, and voicemail. In addition, the company offers mobile services through mobile applications that can be downloaded for iPhone, iPad, iPod touch, and Android OS devices. Further, the company provides Vonage Mobile, a free downloadable mobile application that provides free calling and messagi ng between users who have the application, as well as traditional paid international calling to any other phone. It markets its services through in-bound telemarketing and online direct sales, as well as through regional and national retailers. As of December 31, 2011, the company had approximately 2.4 million subscriber lines. Vonage Holdings Corp. was incorporated in 2000 and is headquartered in Holmdel, New Jersey.
- [By Tim Beyers]
If Vonage (NYSE: VG ) has its way, the days of AT&T (NYSE: T ) , Verizon (NYSE: VZ ) , and their big-carrier peers controlling the way area codes are assigned are coming to an end.
- [By Rich Smith]
Holmdel, N.J.-based Vonage (NYSE: VG ) has a new Chief Financial Officer.
On Friday, Vonage closed out the trading week with an announcement that it’s hired away David T. Pearson from Deutsche Bank to become its new Treasurer and CFO. At Deutsche, Pearson spent nine years working as a managing director and head of the bank’s Global Media & Telecom Group. Before that, he worked in Goldman Sachs’ Technology, Media & Telecommunications group.
Top 10 Asian Companies To Invest In 2014: UniCredit SpA (UCG)
UniCredit SpA is an Italy-based holding company engaged in the financial sector. The Company’s division model is based on four pillars: Customer Centricity, A Multi-Local Approach, Global Product Lines, and Global Service Lines. The Customer Centricity area focuses on the Retail, Corporate & Investment Banking and Private Banking areas. The Centralized Multi-Local Approach takes responsibility for the distribution networks and customer relationships. The Global Products Lines are responsible for developing the products and services across all geographic areas. The Global Service Lines which supply the network coverage functions and product factories with specialized services, including Banking Back Office, Information and Communication Technology, Credit Collection, Procurement Services, Real Estate and Shared Service Centers. On October 28, 2013, the aggregate sale by UniCredit SpA of Fondiaria Sai SpA equal to 6.7% was complied. Advisors’ Opinion:
- [By Corinne Gretler]
Norsk Hydro (NHY) ASA slumped the most in one year after Vale SA sold a stake in the aluminum maker. UniCredit SpA (UCG) and Infineon Technologies AG added at least 1 percent each after posting quarterly profit that beat projections. Henkel AG rose 2.1 percent as third-quarter profit beat analysts’ estimates.
- [By Alexis Xydias]
Banks led the rally over the past four months, with Paris-based Societe Generale SA (GLE) and UniCredit SpA (UCG), Italy’s biggest lender, surging more than 45 percent.
Top 10 Asian Companies To Invest In 2014: The Children’s Place Retail Stores Inc.(PLCE)
The Children’s Place Retail Stores, Inc. operates as a children’s specialty apparel retailer in North America. It provides apparel, accessories, and shoes for children from newborn to 10 years of age. The company designs, contracts to manufacture, and sells merchandise under The Children’s Place brand name. It serves the wardrobe needs of girls and boys, baby girls and boys, and newborn. As of January 28, 2012, the company operated 1,049 The Children’s Place stores, including 732 stores located in malls, 140 in strip centers, 135 in outlet centers, and 42 street stores; and an Internet store at childrensplace.com. The Children’s Place Retail Stores, Inc. was founded in 1969 and is based in Secaucus, New Jersey.
- [By Jake L’Ecuyer]
The Children’s Place Retail Stores (NASDAQ: PLCE) shares tumbled 7.26 percent to $50.738 after the company reported an 18% drop in its fiscal fourth-quarter earnings and issued a weak outlook.
- [By Jake L’Ecuyer]
The Children’s Place Retail Stores (NASDAQ: PLCE) shares tumbled 6.62 percent to $51.08 after the company reported an 18% drop in its fiscal fourth-quarter earnings and issued a weak outlook.
Top 10 Asian Companies To Invest In 2014: Tootsie Roll Industries Inc.(TR)
Tootsie Roll Industries, Inc. engages in the manufacture and sale of confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the TOOTSIE ROLL, TOOTSIE ROLL POPS, CHILD?S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, BLUE RAZZ, ZIP-A-DEE POPS, CELLA?S, MASON DOTS, MASON CROWS, JUNIOR MINT, CHARLESTON CHEW, SUGAR DADDY, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, and NIK-L-NIP. It distributes its products through candy and grocery brokers to the wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, and the U. S. military and fund-raising charitable organizations. The company was founded in 1896 and is based in Chicago, Illinois.
- [By Sean Williams]
Leave the wrapper on
The returns on confectioner Tootsie Roll Industries (NYSE: TR ) have certainly been sweet for investors over the past year. You have to go back to the summer of 2010 to find sugar prices that were as low as they are now, which has played a good part in helping Tootsie Roll keep that aspect of its costs down. But taking a bigger view of what’s going on with Tootsie Roll and comparing that to its current valuation creates a sour taste in my mouth.
- [By Rich Smith]
At the same time, tiny Tootsie Roll (NYSE: TR ) may see its sales grow as little as 13% through 2016. Could it be that in the candy industry, bigger is better? Does Hershey lack the scale to compete effectively against mammoth Mondelez?