After another rough day on Wall Street, the Dow Jones Industrial Average (DJINDICES: ^DJI ) sits lower by 126 points, or 0.84%, even though it was up 119 points at one time today. The S&P 500 (SNPINDEX: ^GSPC ) also lost 0.84% while the Nasdaq performed slightly worse, losing 1.06% during regular trading hours. At 9:32 a.m. EDT, the Dow hit its high of the day, which was at 15,241 (up 199 points), but it was all downhill after that as the index closed just below the 15,000 mark at 14,995. The downward pressure was strong and fierce today as it pulled stocks lower even after what would normally seem to be good news about individual companies.
The Dow’s unwarranted losers
Shares of Home Depot (NYSE: HD ) ended the day lower by 1.56% even though data from CoreLogic was released today that indicated that a lower number of homeowners are now underwater than there were back in the fourth quarter of 2012. CoreLogic said that during the first quarter of 2013 there were 9.7 million properties underwater, while during the last quarter of 2012, 10.5 million homeowners owed more than their homes were worth. The reason this should have been perceived as good news for Home Depot is that the company’s CFO recently stated that homeowners who are not underwater spend three times as much money at the retailer than those who are.
Top 10 Defensive Stocks To Buy Right Now: Chindex International Inc.(CHDX)
Chindex International, Inc. engages in the provision of healthcare services; and sale of medical equipment, instrumentation, and products. The company operates in two segments, Healthcare Services and Medical Products. The Healthcare Services segment owns and operates the United Family Healthcare network of private hospitals and clinics in the Beijing, Shanghai, and Guangzhou markets. This segment also operates a managed clinic in the city of Wuxi, south of Shanghai. It offers a range of family healthcare services, including 24/7 emergency rooms, intensive care units, and neonatal intensive care units, operating rooms, clinical laboratory, radiology, and blood banking services for men, women, and children. The Medical Products segment markets, distributes, and sells medical capital equipment, instrumentation, and other medical products for use in hospitals in China and Hong Kong. It offers diagnostic color ultrasound imaging devices, robotic surgical systems and instrument ation, mammography and breast biopsy devices, and lasers for cosmetic surgery. This segment sells its products through its direct sales force. The company was founded in 1981 and is based in Bethesda, Maryland.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
Tuesday morning, the healthcare sector proved to be a source of strength for the market. Healthcare stocks surged 1% in today’s trading. Leading the sector was strength from Forest Laboratories (NYSE: FRX) and Chindex International (NASDAQ: CHDX) on acquisition news.
- [By Jake L’Ecuyer]
Leading the sector was strength from Forest Laboratories (NYSE: FRX) and Chindex International (NASDAQ: CHDX) on acquisition news. In trading on Tuesday, non-cyclical consumer goods & services shares were relative laggards, down on the day by 0.2%.
Top 10 Defensive Stocks To Buy Right Now: United Stationers Inc.(USTR)
United Stationers Inc., through its subsidiary, United Stationers Supply Co., engages in the wholesale distribution of business products in North America. The company distributes technology products, which include computer supply and peripheral products, including imaging supplies, data storage, digital cameras, computer accessories, and computer hardware items. It also offers traditional office products consisting of brand-name and private label office supply products, such as filing and record storage products, business machines, presentation products, writing instruments, paper products, shipping and mailing supplies, calendars, and general office accessories; and office furniture products comprising desks, filing and storage solutions, and seating and systems furniture. In addition, the company distributes janitorial and breakroom supply items, including cleaners and cleaning accessories; foodservice consumables, such as disposable cups, plates, and utensils; safety an d security items; and paper and packaging supplies. Further, it provides industrial supply items, such as hand and power tools; safety and security supplies; janitorial equipment and supplies; industrial maintenance, repair, and operations (MRO) items; and oil field and welding supplies. Additionally, the company offers freight, advertising, and software services, as well as sells software products. It serves independent office products dealers; contract stationers; office products superstores; computer products resellers; office furniture dealers; mass merchandisers; mail order companies; sanitary supply, paper, and foodservice distributors; drug and grocery store chains; healthcare distributors; e-commerce merchants; oil field, welding supply, and industrial/MRO distributors; and other independent distributors through its network of 65 distribution centers and 37 re-distribution points. United Stationers Inc. was founded in 1922 and is headquartered in Deerfield, Illinois .
- [By Monica Gerson]
United Stationers (NASDAQ: USTR) is projected to post its Q3 earnings at $0.99 per share on revenue of $1.33 billion.
Wynn Resorts (NASDAQ: WYNN) is estimated to post its Q3 earnings at $1.65 per share on revenue of $1.36 billion.
- [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 United Stationers (Nasdaq: USTR ) , whose recent revenue and earnings are plotted below.
- [By Rich Duprey]
Business supplies distributor United Stationers (NASDAQ: USTR ) announced on Friday its third-quarter dividend of $0.14 per share, the same rate it’s paid for the past three quarters after raising the payout 8% from $0.13 per share.
Top 10 Defensive Stocks To Buy Right Now: Broadcom Corporation(BRCM)
Broadcom Corporation designs and develops semiconductors for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions for the manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices, which enable the delivery of voice, video, data, and multimedia content to the home, office, and mobile environment. Its broadband communications products include cable modem SoCs; femtocell SoCs; MPEG/AVC/VC-1 encoders and transcoders; xDSL, passive optical network, and cable modem customer premises equipment and central office solutions; powerline networking SoCs; digital cable, direct broadcast satellite, terrestrial, and Internet protocol (IP) set-top box integrated receiver demodulators; high definition television and standard definition TV SoCs; and Blu-ray disc SoCs. The company?s mobile and wireless products comprise Wi-Fi and Bluetooth SoCs, wireless connectivity com bo chips, global positioning system SoCs, multimedia processors, applications processors, power management units, VoIP SoCs, mobile TV SoCs, and near field communications tags. Its infrastructure and networking products include Ethernet copper transceivers, Ethernet controllers and switches, backplane and optical front-end physical layer devices, security processors and adapters, and broadband processors. The company markets and sells its products through direct sales force, distributors, and manufacturers? representatives in the United States, as well as through regional offices, and a network of independent distributors and representatives in Asia, Australia, Europe, and North America. The company was founded in 1991 and is headquartered in Irvine, California.
- [By Marc Bastow]
Global semi-conductor solutions provider Broadcom (BRCM) raised its quarterly dividend 9.1% to 12 cents per share, payable on Mar. 3 to shareholder of record as of Feb. 14.
BRCM Dividend Yield: 1.59%
- [By Paul Ausick]
Short interest in Broadcom Corp. (NASDAQ: BRCM) rose 17.3% to 12.33 million shares. That is 2.2% of the total float. Broadcom is scheduled to report results on Thursday, and analysts estimate EPS at $0.57 on revenues of $2.02 billion. Both figures are below last year’s totals.
- [By Volcano Steve]
Other companies such as TriQuint (TQNT) and Broadcom (BRCM) are reporting results with "strong mobile demand" and "higher-than-anticipated sales of cellular system-on-chip (SOC) and touch controllers." More famously, Apple (AAPL) has announced record sales for its ARM-inside iPhone 5S model introduced last month. Investors and analysts already knew that ARM reports royalty revenue a quarter in arrears, so any gains from iPhone 5S sales will not start to be seen until ARM´s next quarterly report and were not expected to be a factor in this report.
- [By WALLSTCHEATSHEET]
Broadcom provides wireless and wired semiconductor technologies to businesses and consumers worldwide. A recent earnings release has investors disappointed with the company. The stock has struggled in recent years and is currently trading near lows for the year. Over the last four quarters, earnings have decreased while revenues have increased, which has left investors to expect more from the company. Relative to its peers and sector, Broadcom has been a weak year-to-date performer. WAIT AND SEE what Broadcom does this coming quarter.
Top 10 Defensive Stocks To Buy Right Now: SABMiller PLC (SBMRY)
SABMiller plc, incorporated on March 17, 1998, is a holding company, which has brewing and beverage interests across six continents. The Company together with its subsidiaries is engaged in the manufacture, distribution and sale of beverages. The Company is a brewer with more than 200 beer brands. The Company’s portfolio of brands includes international beers, such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as local brands, such as Aguila, Castle, Miller Lite, Snow, Tyskie and Victoria Bitter. It is a bottler for the Coca-Cola Company in Africa and Central America. It operates in Latin America, Europe, North America, Africa, Asia Pacific, and South Africa.
The Company’s primary brewing and beverage operations cover six countries across South and Central America (Colombia, Ecuador, El Salvador, Honduras, Panama and Peru). The Company is brewer in Argentina, and it exports to Bolivia, Chile and Paraguay. It bottles soft drinks for The Coca-Cola Company in El Salvador and Honduras, and for Pepsico International in Panama.
The Company’s primary brewing operations cover eight countries: the Czech Republic, Hungary, Italy, Poland, Romania, Slovakia, Spain (Canary Islands) and the Netherlands. A further 16 countries, including Russia, Turkey and the Ukraine are covered in a strategic alliance with Anadolu Efes through brewing, soft drinks or export operations. The Company exports volumes to a further seven European markets, of which the largest are the United Kingdom and Germany.
The Company’s North America segment includes its 58% owned MillerCoors and 100% of Miller Brewing International and the its North American holding companies. The Company’s wholly owned Miller Brewing International business is based in Milwaukee, the United States and exports its brands to Canada and Mexico and througho ut the Americas.
The Compa! ny’s brewing and beverage operations in Africa cover 15 countries. A further 21 are covered through a strategic alliance with the Castel group and it also has an associated undertaking in Zimbabwe. The Company bottles soft drinks for The Coca-Cola Company in 20 of its African markets (in alliance with Castel in 14 of these markets).
The Company’s partners with China Resources Enterprise, Limited in China. The Company is engaged in brewing business in India. The Company has operation in Vietnam and it exports to various markets, including South Korea and Singapore.
The Company’s South African Breweries (Pty) Ltd (SAB) is South Africa’s producer and distributor of lager and soft drinks. It also exports brands for distribution across Namibia. Its soft drinks division is bottler of products for The Coca-Cola Company. The Company has hotel and gaming interests through its associate, Tsogo Sun Holdings Ltd, a hotel and gaming group in South Africa.
- [By Charles Sizemore]
At current valuations, STZ stock is not attractive relative to its larger and better diversified megabrewer rivals — all of which have better exposure to emerging markets. As long-term holdings, I see better value in Heinken, Anheuser-Busch InBev and SAB Miller (SBMRY).
- [By Rex Moore]
The craft brewing industry saw 15% volume growth in 2012, while the big guys — led by Anheuser-Busch InBev (NYSE: BUD ) and SABMiller (NASDAQOTH: SBMRY ) , are watching their megabrands lose market share.
- [By Roland Head]
Luckily, there is another way. The FTSE 100 contains a number of companies whose earnings come from these countries. Two great examples are Diageo (LSE: DGE ) (NYSE: DEO ) and SABMiller (LSE: SAB ) (NASDAQOTH: SBMRY ) , which sell spirits and beer, respectively, and have global operations providing exactly the kind of emerging-market exposure I’m looking for.
- [By Barry James]
LONDON — In its final results for the year to March 31, SABMiller (LSE: SAB ) (NASDAQOTH: SBMRY ) , the global beverage-brewer and bottler with more than 200 beer brands and Coca-Cola bottling operations, saw group revenue increase by 10% to $34.5 billion and EBITA rise 14% to $6.4 billion, while pre-tax profit fell 16% to $4.7 billion.
Top 10 Defensive Stocks To Buy Right Now: Cresud S.A.C.I.F. y A. (CRESY)
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. It is involved in the production of various crops, such as wheat, corn, sunflower, soybean, and sorghum, as well as sugarcane; breeding and fattening of beef cattle for slaughterhouses and supermarkets; production of milk for sale to dairy companies; and leasing of farms. The company is also engaged in the development and sale of residential properties; acquisition of land reserves for development and sale; acquisition, development, and operation of shopping centers, offices, and other non-shopping center properties for rent; and acquisition and operation of luxury hotels, as well as consumer financing activities. As of June 30, 2013, it owned 33 farms with approximately 643,891 hectares. The company was founded in 1936 and is headquartered in Buenos Aires, Argentina.
- [By Ian Wyatt]
Cresud SA (CRESY) has 66% of those acres in Argentina; the rest are scattered through Brazil, Paraguay and Bolivia. In addition, it has extensive commercial property holdings in Buenos Aires.
- [By Cameron Swinehart]
Cresud (CRESY) –
An Argentinean based agriculture company that currently owns roughly 2.4 million acres of farmland in Argentina, Brazil, Paraguay and Bolivia. CRESY produces a variety of crops consisting of soybeans, corn, and sugarcane. It also has operations in beef cattle and milk production. In the second quarter, Cresud sold 4 of its farms for roughly $60.5 million and saw large gains in its farmland development business. CRESY is currently trading down roughly 60% from its highs back in late 2010. Many farming companies have struggled to release value for shareholders with the drop in crop prices but now many are beginning to see value with the sale of farmland.
Top 10 Defensive Stocks To Buy Right Now: Ignite Restaurant Group Inc (IRG)
Ignite Restaurant Group, Inc., incorporated on February 4, 2002, operates two restaurant brands, Joe’s Crab Shack (Joe’s) and Brick House Tavern + Tap (Brick House). The Company’s Joe’s Crab Shack and Brick House Tavern + Tap operate in a diverse set of markets across the United States. Joe’s Crab Shack is a national chain of casual seafood restaurants serving a variety of seafood items, with an emphasis on crab. Brick House Tavern + Tap is a casual restaurant brand that provides guests a gastro pub experience by offering a blend of menu items. As of December 31, 2012, the Company owned and operated 144 restaurants in 33 states. In September 2013, Ignite Restaurant Group Inc announced the opening of its newest Joe’s Crab Shack restaurant, located in Newark, New Jersey.
Joe’s Crab Shack
The Company’s Joe’s Crab Shack offers an outdoor patio for guests to enjoy eating and drinking and a children’s playground. Joe’s also has many locatio ns that are located on waterfront property. Interior design elements include a nautical, vacation theme to invoke memories of beach vacations and a genuine crab shack experience. Joe’s Crab Shack restaurants have over 200 seats. Many of the Company’s restaurants also include a small gift shop where guests can purchase souvenirs to commemorate their dining experience. Joe’s Crab Shack also leverages its crab-forward menu with other crab items, including Made-From-Scratch Crab Cakes, Crab Nachos and Crazy-Good Crab Dip. In addition to its core crab-focused menu, Joe’s also offers a range of entrees featuring a variety of seafood, including the Get Stuffed Snapper, Surf ‘N Turf Burger and The Big Hook Up, as well as a range of traditional seafood entrees like the Fisherman’s Platter. Joe’s also offers several out of water options, such as Pan Fried Cheesy Chicken and Whiskey Smoked Ribs. In addition, alcoholic beverages include the Shark Bite, Category 5 Hurricane and Mason J ar cocktails emerging as guests’ top choices. Joe’s menu inc! ludes more than 29 items made with either Queen, Snow, Dungeness or King Crabs sourced from government regulated and sustainable fisheries. Its menu offers 14 appetizers, including Made-From-Scratch Crab Cakes, Crab Nachos and Crazy-Good Crab Dip, and over 50 entrees, including Steampots, Crab in a Bucket, Skillet Paella, Stuffed Snapper and out of water options like Whiskey Smoked Ribs.
Brick House Tavern + Tap
The Company’s Brick House’s interior decor includes custom lighting, dark mahogany woods, open sight lines, high definition television (HD TVs), and an inviting fireplace. In addition to a traditional dining room and bar area, Brick House also offers large communal tables and a section of leather recliners positioned in front of large HD TVs, where guests receive their own TV tray for dining. Outdoor seating is also available on the patio or around an open fire pit at nearly all locations. Both food and beverages are served by personable and engaging service staff. The typical Brick House restaurant is approximately 8,500 square feet and averages approximately 250 seats, which includes both traditional tables and seating options. Brick House offers its guests a selection of contemporary tavern food. Brick House’s menu includes 17 appetizers and over 53 entrees. Handcrafted appetizers include Deviled Eggs, Meatloaf Sliders, Brick Pizza, Meat and Cheese Board and Fried Stuffed Olives. Brick House offers an array of burgers, including The Kobe, which is hand formed from American Wagyu beef. Guests can also choose from a selection of homemade entrees, such as Drunken Chops, BBQ Baby Backs, Chicken & Waffles, and its Prime Rib Sandwich. In addition, Brick House’s Brick Burgers, include the Gun Show Burger and the Black & Bleu Burger. Brick House’s beverage selection includes imported and domestic beers along with hand-pulled cask beer. All Brick House restaurants have a bar that supports a variety of liquor drin ks, wine and beer cocktails like the Shandy and Bee Sting, a! s well as! specialty cocktails like the Dark & Stormy, Moscow Mule and The Zombie.
The Company competes with Red Lobster, Bonefish Grill, Landry’s Seafood, Bubba Gump Shrimp Company, BJ’s Restaurants, Yard House, Cheesecake Factory, Bravo Brio and Buffalo Wild Wings, Applebee’s, Chili’s, T.G.I. Friday’s, Texas Roadhouse and Outback Steakhouse.
- [By Victor Selva]
The firm is currently Zacks Rank # 3 – Hold, and it also has a longer-term recommendation of “Underperfom.” For investors looking for a Zacks Rank # 1 – Strong Buy, Ignite Restaurant Group Inc. (IRG) and The Wendy’s Company (WEN) could be the options.
- [By Seth Jayson]
Margins matter. The more Ignite Restaurant Group (Nasdaq: IRG ) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market. That’s why we check up on margins at least once a quarter in this series. I’m looking for the absolute numbers, so I can compare them to current and potential competitors, and any trend that may tell me how strong Ignite Restaurant Group’s competitive position could be.
Top 10 Defensive Stocks To Buy Right Now: Pinecrest Energy Inc (PNCGF.PK)
Pinecrest Energy Inc. (Pinecrest), formerly Antler Creek Energy Corp., is a Canada-based junior oil and gas exploration company. Pinecrest is engaged in the acquisition, exploitation and development of petroleum and natural gas-related assets primarily in Western Sedimentary Basin. During the fiscal year ended July 31, 2010 (fiscal 2010), Pinecrest was engaged in two (0.4 net) wells that were drilled in the southeast Saskatchewan Bakken. On July 14, 2010, the Company acquired the Loon Properties. On July 14, 2010, Pinecrest acquired the Red Earth #1 Properties. On July 15, 2010, the Company acquired the Red Earth #2 Properties. Advisors’ Opinion:
- [By MLP Trader]
Here are the current top five companies in the list:
Of the larger companies, one that remains obstinately near the top of the list is Lightstream . Lightstream trades at 40% of its book value and a whopping 13.4% yield.
Top 10 Defensive Stocks To Buy Right Now: Banner Corporation(BANR)
Banner Corporation operates as the holding company for Banner Bank and Islanders Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities. It generates various deposit instruments, including demand checking accounts, negotiable order of withdrawal accounts, money market deposit accounts, regular savings accounts, certificates of deposit, cash management services, and retirement savings plans. The company also originates commercial business and commercial real estate loans, agricultural business loans, construction and land development loans, one to four-family residential loans, and consumer loans. In addition, it engages in mortgage banking operations primarily through the origination and sale of one to four-family residential loans. As of December 31, 2010, Banner Bank operated 86 branch offices and 7 loan production offices in Washington, Oregon, and Idaho; and Islanders Bank conducted business from 3 locations in San Juan County, Washington. The company was founded in 1890 and is based in Walla Walla, Washington.
- [By Marc Bastow]
Bank holding company Banner (BANR) raised its quarterly dividend 20% to 18 cents per share, payable April 15 to shareholders or record as of April 7.
BANR Dividend Yield: 1.75%
- [By Diane Alter]
Dividend Stocks That Increased Payout in September
Accenture plc (NYSE: ACN) announced a 14.8%, or $0.12 per share, increase to its semiannual dividend. The management consulting firm will now pay a semiannual dividend of $0.93. Shares yield 2.53%. Agruim Inc. (NYSE: AGU) boosted its dividend by $1.00 per share to a total dividend of $3.00 on an annualized basis. Shares of the global retailer of agricultural products now sprout a 3.54% yield. Air Industries Group Inc. (NYSE: AIRI) doubled its dividend to $0.125 per share. The maker of airplane and helicopter parts now floats a lofty yield of 6.6%. Alexandria Real Estate Equities Inc. (NYSE: ARE) upped its dividend 4.6% to $0.68 per quarter for a yield of 4.21%. Banner Corp. (Nasdaq: BANR) boosted its quarterly dividend 25% to $0.15 per share. The parent company of Banner and Islander Bank serves the Pacific Northwest region. Brady Corp. (NYSE: BRC) lifted its quarterly dividend 2.6% to $0.78 per share. It was the 28th straight dividend increase from the identification solutions company. Shares yield 2.57%. Campbell Soup Co. (NSE: CPB) raised its quarterly dividend to $0.31 per share, up from $0.29. The company last raised its dividend in November 2010. Shares yield a hearty 3.06%. CLARCOR Inc. (NYSE: CLC) raised its quarterly dividend 26% to $0.17 per share. It’s the largest percentage increase from the Tennessee-based diversified marketer of mobile filtration and packaging products in the last 20 years, and it continues the company’s consecutive streak of increasing dividends for the last 30 years. Franklin Resources Inc. (NYSE: BEN) boosted its quarterly dividend 2.6% to $0.10 per share. Frisch’s Restaurants Inc. (NYSE: FRS) increased its quarterly dividend 12.5% to $0.18. Shares yield 3.10% The Goodyear Tire & Rubber Company (NYSE: GT), in a move that suggests good times are ahead, reinstated its dividend at $0.05 per share. Good
Top 10 Defensive Stocks To Buy Right Now: Harsco Corp (HSC)
Harsco Corporation, incorporated on February 28, 1956, is a diversified, multinational provider of industrial services and engineered products serving global industries. The Company operates in four segments: Harsco Metals & Minerals, Harsco Infrastructure, Harsco Rail and Harsco Industrial. The Company’s principal lines of business include outsourced, on-site services to steel mills and other metals producers; resource recovery technologies for the re-use of industrial waste stream by-products; industrial abrasives and roofing granules; engineered scaffolding, concrete forming and shoring, and other access-related services, rentals and sales; railway track maintenance services and equipment; industrial grating products; air-cooled heat exchangers, and heat transfer products. In January 2014, the Company acquired Hammco Corp.
Harsco Metals & Minerals Segment
The Harsco Metals & Minerals Segment is a provider of on-site, outsourced services to the global metals industries. The Metals business provides its services and solutions on a long-term contract basis, supporting each stage of the metal-making process from initial raw material handling to post-production slag processing and metal recovery. The Minerals business extracts metallic content from stainless steel by-products and also specializes in the development of minerals technologies for commercial applications, including agriculture fertilizers. The Minerals business also produces industrial abrasives and roofing granules from power-plant utility coal slag at a number of locations throughout the United States. Harsco Minerals’ BLACK BEAUTY abrasives are used for industrial surface preparation, such as rust removal and cleaning of bridges, ship hulls and various structures. Roofing granules are sold to residential roofing shingle manufacturers, primarily for the replacement roofing market. As of December 31, 2012, the Harsco Metals & Minerals Segment operated in approximately 35 countries. During the year ended December 3! 1, 2012, the Harsco Metals & Minerals Segment generated 46% of the Company’s total revenue.
Harsco Infrastructure Segment
The Harsco Infrastructure Segment is global organization for the rental and sale of engineered scaffolding, shoring, concrete forming and other access-related solutions for construction projects as well as industrial plant maintenance programs. The Segment operates from a network of branches throughout the world, including North America, Latin America, Europe, the Gulf Region of the Middle East, Africa and Asia-Pacific. The services include the provision of concrete shoring and forming systems; scaffolding for non-residential and infrastructure construction projects and industrial maintenance requirements, and a variety of other infrastructure services including project engineering and design, equipment erection and dismantling services, industrial insulation and painting services and equipment sales. During 2012, the Harsco In frastructure Segment generated 31% of the Company’s total revenue.
Harsco Rail Segment
The Harsco Rail Segment is a global provider of equipment and services for the maintenance, repair and construction of railway track. The Segment’s equipment and services support private and government-owned railroads and urban transit systems worldwide. The Segment’s rail products are produced in three countries and products and services are provided worldwide. During 2012, the Harsco Rail Segment generated 11% of the Company’s total revenue.
Harsco Industrial Segment
Harsco Industrial Segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Approximately 90% of this Segment’s revenues originate in North America. Harsco Industrial IKG manufactures a line of industrial grating products at several plants in the United States and international plants located in Mexic o and China. These products include a range of bar grating c! onfigurat! ions, which are used mainly in industrial flooring, as well as safety and security applications in the energy, paper, chemical, refining and processing industries.
Harsco Industrial Air-X-Changers is a supplier of custom-designed and manufactured air-cooled heat exchangers for the natural gas industry from plants in the United States and Australia. Harsco Industrial Air-X-Changers’ heat exchangers are the primary apparatus used to condition natural gas during recovery, compression and transportation from underground reserves through the pipeline distribution channels. Harsco Industrial Patterson-Kelley is a manufacturer of heat transfer products, such as boilers and water heaters for commercial and institutional applications. During 2012, the Harsco Rail Segment generated 12% of the Company’s total revenue.
- [By Rich Smith]
Barry Malamud’s long tour of duty as interim chief financial officer at Harsco (NYSE: HSC ) has come to an end.
On Monday, the Camp Hill, Pa.-based metals company announced that it is hiring F. Nicholas Grasberger as its new CFO, effective April 22. On that date, Malamud will resume his prior position as vice president and corporate controller for the company.
- [By Ben Levisohn]
Shares of Harsco (HSC) have gained today after BB&T Capital Markets upgraded its shares to Buy from Hold.
Analysts Robert Norfleet III and Basil Jones III explain the decision to raise their rating:
We believe that the strategic transformation of HSC’s portfolio, as evidenced by the recently announced sale of its Infrastructure segment, as well as additional best practices and productivity enhancements (LEAN, etc.) should result in improved financial metrics, valuation, and, ultimately, a less complex business structure. While our non-consensus call is not primarily based on an expedited improvement in financial performance, it is a reflection of our confidence in the new management team and its ability to deliver value to shareholders through asset repositioning, improved ROICs and free cash flow generation. HSC remains a “turnaround story,” but we believe the market is underestimating out-year earnings growth, which will be driven by the Brand Energy JV, lower corporate expenses, improved margins in Metals & Minerals and the likelihood of an accretive acquisition.
Shares of Harsco have gained 4.7% to $26.43 today at 1:16 p.m., outpacing other construction & engineering companies. Dycom (DY) has advanced 0.5% to $30, KBR Inc. (KBR) has ticked up 0.1% to $33.03, Worthington Industries (WOR) has risen 2.8% to $38.85 and Tutor Perini (TPC) has rallied 3.6% to $22.46.
Top 10 Defensive Stocks To Buy Right Now: Bacterin International Holdings Inc (BONE)
Bacterin International Holdings, Inc. (Bacterin), formerly K-Kitz, Inc., develops, manufactures and markets biologics products to domestic and international markets through Bacterin’s biologics division. Its products are used in a variety of applications, including enhancing fusion in spine surgery, relief of back pain with a facet joint stabilization, promotion of bone growth in foot and ankle surgery, promotion of skull healing following neurosurgery and subcondral bone defect repair in knee and other joint surgeries. The Company has developed and manufacture and sell several human tissue-based products, primarily allografts, into the medical marketplace through its biologics division. In addition, it also manufactures and sells, directly under its own name and indirectly through distributors, various coating and surgical drain products through its medical devices division.
The Company’s medical devices division develops medical devices intended for use in several diverse clinical areas, including orthopedic, plastic, and cardiovascular surgery. The medical devices division also develops custom surgical instrument kits for use with allografts processed by its biologics division. The medical devices division actively develops intellectual property associated with its devices and coating platforms, for the purposes of protecting its Bacterin-branded devices and for use in alliance projects. The manufacturing and operations of the biologics and medical devices divisions are organized separately while products from both are marketed through several channels, including independent distributors, joint development projects and its direct sales network.
The Company’s biologics products include OsteoSponge, OsteoSponge SC, OsteoWrap, OsteoLock and BacFast, as well as certain other allograft products, such as OsteoSponge, OsteoWrap, OsteoLock and BacFast and hMatrix. OsteoSponge is a form of demineralized bone matrix made from 100% human bone. Ost! eoSponge provides a natural scaffold for cellular in-growth and exposes bone-forming proteins to the healing environment. The malleable properties of OsteoSponge enable it to conform to, and fill, defects. Upon compressing the allograft, OsteoSponge springs back to completely fill the void. Its mechanical and biological properties make OsteoSponge an bone graft for use in various orthopedic practices, including spine, neurology, cranial/maxillofacial, trauma, plastic/reconstruction and general procedures where new bone growth is needed.
OsteoSponge SC is a form of OsteoSponge designed to be used in joint surgery. Bacterin has shown, in goat studies, the ability to re-generate cartilage in joint repair and believes that this product has the potential to significantly change the standard of care in human joint surgery. OsteoWrap is 100% human cortical bone demineralized through a process to make the graft flexible while maintaining allograft integrity. This produc t has various applications in orthopedic, neurological, trauma, oral/maxillofacial and reconstructive procedures. OsteoWrap can wrap around non-union fractures to assist with fusion, can act as a biologic plate or can be used in conjunction with a hardware plate system. Additionally, this product provides the surgeon with superior handling characteristics as the allograft can be easily sized using surgical scissors or a scalpel, and will withhold sutures or staples for fixation.
OsteoLock and BacFast are dowels made from human bone. BacFast HD, having the same design as OsteoLock, is optimized through its demineralization technology. OsteoLock and BacFast can be used to augment spinal procedures for mild spinal conditions. hMatrix dermal scaffold is an extension of Bacterin’s core biologics technology and its third human acellular biological scaffold. hMatrix is an acellular matrix made from donated human dermal tissue that is used to replace a patient’s damaged tissue. hMatrix provides a natural collagen tissue scaffold! that pro! motes cellular ingrowth, tissue vascularization and regeneration. The Company makes and sells sports allografts which are processed specifically for anterior and posterior cruciate ligament repairs, anterior cruciate ligament reconstruction and meniscal repair; milled allografts, which are consists of cortical bone milled to desired shapes and dimensions, also called milled spinal allografts, and traditional allografts for multi-disciplinary applications, including orthopedics, neurology, podiatry, oral/maxillofacial, genitourinary and plastic/reconstructive.
Medical Device Products
The Company’s medical devices division researches, tests and develops coatings for medical devices, particularly antimicrobial-based coatings. This division produces and distributes OsteoSelect DBM putty, an osteoinductive product used by surgeons as bone void filler in the extremities and pelvis. OsteoSelect DBM putty is engineered with the surgeon in mind. Os teoSelect can be molded into any shape and compressed into bony voids. Its medical devices division also develops custom surgical instrument kits for use with allografts processed by its biologics division. The Company sells a surgical drain series called ViaTM, which is used to drain exudate from a surgical site. Building upon the ViaTM platform, Bacterin plans on releasing a second generation product called the Elutia surgical drains, which will be performance enhanced through an antimicrobial coating to help reduce the incidence of surgical site infection.
The Company competes with Medtronic, DePuy, Synthes, Arthrex, Smith & Nephew, Nuvasive, OrthoFix, Biomet, Osteotech, Orthovita, MTF, Stryker, RTI, AlloSource, Lifenet Health, Integra, ConMed/Linvatec, Wright, Exactech, ArthroCare, Harvest and Arteriocyte.
- [By Bryan Murphy]
It may not be as big as NuVasive, Inc. (NASDAQ:NUVA), and it might not be as sexy as MiMedx Group Inc. (NASDAQ:MDXG). But, Bacterin International Holdings Inc. (NYSEMKT:BONE) offers something to investors that MDXG and NUVA don’t – can’t – right now… a distinct opportunity for a lot of upside in a short amount of time.
- [By James E. Brumley]
Traders may not want to get married for the long haul to any of them, but for speculators looking for a quick, profitable hit, Arca Biopharma Inc. (NASDAQ:ABIO), Pluristem Therapeutics Inc. (NASDAQ:PSTI), and Bacterin International Holdings Inc. (NYSEMKT:BONE) may be better-than-average bets. Here’s why.