Where, oh where, could Apple’s (NASDAQ: AAPL ) inevitable dividend boost be? Investors have been clamoring for months for Apple to give more back, but to no avail.
The latest official word was when CEO Tim Cook vaguely reiterated that management’s talks over returning more cash remain “very, very active.” That echoes Apple’s statement that it issued in response to David Einhorn’s media blitz, saying the company continues to have “active discussions” on the topic.
Some investors superstitiously thought Apple could announce the boost on the one-year anniversary of the dividend, driving shares higher the day prior, but that was nearly a month ago. All’s been quiet on the iDividend front. Will Apple’s dividend boost have to wait?
Bernstein Research analyst Toni Sacconaghi believes Apple investors will have to keep sitting tight. The Mac maker’s fiscal second quarter earnings release is just around the corner, and Sacconaghi thinks the company won’t announce any dividend increases until after the results. Investors could have a couple weeks of waiting before any capital allocation announcements are made. The analyst even thinks Apple is warming up to the idea of taking on debt specifically to fund the dividend, in order to avoid repatriation taxes on its overseas horde.
Top High Tech Stocks For 2014: CNA Financial Corp (CNA)
CNA Financial Corporation (CNAF), incorporated in 1967, is an insurance holding company. The Companyâ€™s core business commercial property and casualty insurance operations operate in two segments: CNA Specialty and CNA Commercial. Its non-core businesses are managed in two business segments: Life & Group Non-Core and Corporate & Other Non-Core. The Companyâ€™s insurance products primarily include commercial property and casualty coverages, including surety. Its services include risk management, information services, and warranty and claims administration. Its products and services are marketed through independent agents, brokers and managing general underwriters to a wide variety of customers, including small, medium and large businesses, associations, professionals and other groups. CNA’s property and casualty and remaining life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company and Continental Assurance Company (CAC). On June 10, 2011, CNA completed the acquisition of CNA Surety Corporation. In July 2012, the Company acquired Hardy Underwriting Bermuda Ltd. On December 14, 2012, the Company sold SUR Insurance Agency, Inc. and The Bond Exchange to California Contractors Insurance Services.
CNA Specialty provides professional and management liability and other coverages through property and casualty products and services, both domestically and abroad, through a network of brokers, independent agencies and managing general underwriters. CNA Specialty provides solutions for managing the risks of its clients, including architects, lawyers, accountants, health care professionals, financial intermediaries and public and private companies. Product offerings also include surety and fidelity bonds and warranty services.
CNA Specialty includes four business groups: Professional & Management Liability, International, Surety, and Warranty and Alternative Risks. Professional & Management Liability provides management and professional liability insurance and risk management services and other specialized property and casualty coverages in the United States. This group provides professional liability coverages to various professional firms, including architects, real estate agents, small and mid-sized accounting firms, law firms and technology firms. Professional & Management Liability also provides D&O, employment practices, fiduciary and fidelity coverages. Products within Professional & Management Liability are distributed through brokers, agents and managing general underwriters. Professional & Management Liability, through CNA HealthPro, also offers insurance products to serve the healthcare delivery system. Products include professional liability and associated standard property and casualty coverages, and are distributed on a national basis through brokers, agents and managing general underwriters. Customer segments include long term care facilities, allied health care providers, life sciences, dental professionals and mid-size and large health care facilities.
International provides similar management and professional liability insurance and other specialized property and casualty coverages in Canada and Europe. Surety consists primarily of CNA Surety Corporation (CNA Surety) and its insurance subsidiaries and offers small, medium and large contract and commercial surety bonds. CNA Surety provides surety and fidelity bonds in all 50 states through a combined network of independent agencies.
Warranty and Alternative Risks provides extended service contracts and related products that provide protection from the financial burden associated with mechanical breakdown and other related losses, primarily for vehicles and portable electronic communication devices. These products are distributed through and administered by a wholly owned subsidiary, CNA National Warranty Corporation, or through third party administrators.
CNA Commercial works with an independent agency distribution system and a network of brokers to market a range of property and casualty insurance products and services to small, middle-market and large businesses and organizations domestically and abroad. Products include standard and excess property coverages, as well as marine coverage, and boiler and machinery. Casualty products include standard casualty insurance products such as workersâ€™ compensation, general and product liability, commercial auto and umbrella coverages. It also offers pecialized loss-sensitive insurance programs to those customers viewed as higher risk and less predictable in exposure.
The Business insurance group serves smaller commercial accounts and the Commercial insurance group serves middle markets and larger risks. In addition, CNA Commercial provides total risk management services relating to claim and information services to the insurance marketplace, through a wholly owned subsidiary, CNA ClaimPlus, Inc., a third party administrator. The International insurance group primarily consists of the commercial product lines of its operations in Europe, Canada, as well as Hawaii.
CNA Select Risk (Select Risk) includes excess and surplus lines coverages. Risk provides specialized insurance for selected commercial risks on both an individual customer and program basis. Select Riskâ€™s products are distributed throughout the United States through specialist producers, program agents and brokers.
Life & Group Non-Core
The Life & Group Non-Core segment includes the results of the life and group lines of business that are in run-off. It retains block of group reinsurance and life settlement contracts.
Corporate & Other Non-Core
Corporate & Other Non-Core primarily includes certain corporate expenses. This also includes interest on corporate debt, and the results of certain property and casualty business in run-off, including CNA Re and A&EP.
- [By Amanda Alix]Take Berkshire’s purchase of CNA Financial’s (NYSE: CNA ) and AIG’s asbestos liability in 2010 and 2011, respectively. For a total of $3.65 billion, Buffett took on $3.5 billion of liability in AIG’s case, and $1.6 billion from CNA. This gave Berkshire a nice big bag of cash to invest, while asbestos cases continued to wend their way through the courts for years. Meanwhile, two troubled insurers received the Berkshire Hathaway brand of security regarding their own future liability in that arena.
- [By Amanda Alix]This is the beauty of the insurance model, and its charm has attracted investing greats like Warren Buffett, who may have pioneered this latest trend through his own company, Berkshire Hathaway (NYSE: BRK-A ) Â (NYSE: BRK-B ) . In 2010, Berkshire took on AIG’s asbestos liability for a hefty fee, and did the same for CNA Financial (NYSE: CNA ) the following year. There’s little doubt that Buffett added to his wealth by wisely investing the $3.65 billion he received in those two deals.
Top High Tech Stocks For 2014: Conmed Corp (CNMD)
CONMED Corporation (CONMED), incorporated on February 10, 1970, is a medical technology company/ The Company emphasizes on surgical devices and equipment for minimally invasive procedures and monitoring. The Company’s products are used by surgeons and physicians in a range of specialties, including orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology. The Company operates in five segments: CONMED Endoscopic Technologies, CONMED Endosurgery, CONMED Electrosurgery, CONMED Linvatec and CONMED Patient Care.
The Company offers a range of devices and products for uses in arthroscopic surgery. The Company’s arthroscopy products include powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, metal and bioabsorbable implants as well as related disposable products and fluid management systems. The Company also offers a line of video Endoscopy products suitable for uses in multi-specialty clinical environments beyond orthopedic arthroscopy, including laparoscopy, ear, nose and throat (ENT), gynecology and urology, as well as integrated operating room systems and equipment.
Powered Surgical Instruments
Electric, battery or pneumatic powered surgical instruments are used to perform orthopedic, arthroscopic and other surgical procedures where cutting, drilling or reaming of bone is required. Each power system consists of one or more handpieces and related accessories as well as disposable and limited reusable items (e.g., burs, saw blades, drills and reamers). Powered instruments are categorized as either small bone, large bone or specialty powered instruments. Specialty powered instruments are utilized in procedures such as spinal surgery, neurosurgery, ENT, oral/maxillofacial surgery, and cardiothoracic surgery.
The Company’s line of powered instruments is sold principally under the Hall Surgical brand name, for use in large and small bone orthopedic, arthroscopic, oral/maxillofacial, podiatric, plastic, ENT, neurological, spinal and cardiothoracic surgeries. Large bone, neurosurgical, spinal and cardiothoracic powered instruments are sold primarily to hospitals while small bone arthroscopic, otolaryngological and oral/maxillofacial powered instruments are sold to hospitals, outpatient facilities and physicians offices.
The Company’s powered instruments product line includes the MPower battery system. This orthopedic power system is specifically designed to meet the requirements of orthopedic applications. The MPower battery system allows a facility to purchase a single power system to perform total joint arthroplasty, trauma, arthroscopy, and small bone procedures. The system also provides a multitude of battery technologies to meet the varying needs of hospitals worldwide.
The use of electrosurgical units and associated surgical tools is commonplace in the hospital surgical suite, surgery centers, clinics and physician offices. Electrosurgery is routinely used to cut and coagulate tissue and small vessels in open and laparoscopic procedures using energy produced through radio frequency (RF) technology. Electrosurgery can be used in almost all surgical procedures including specialties, such as general, gynecology, orthopedics, cardiology, thoracics, urology, neurology, and dermatology. The Companyâ€™s portfolio consist of energy-based products is the Argon Beam Coagulation (ABC) technology. ABC technology combines the use of argon gas and electrosurgical energy to allow the surgeon to produce a surface coagulation which results in less tissue damage.
The Company’s patient care product line includes a line of vital signs and cardiac monitoring products, including pulse oximetry equipment and sensors, electrocardiogram (ECG) electrodes and cables, cardiac defibrillation and pacing pads and blood pressure cuffs. The Company also offers a line of suction instruments and tubing for use in the operating room, as well as a line of intravenous (IV) products for use in the critical care areas of the hospital.
Endosurgery (also referred to as minimally invasive surgery or laparoscopic surgery) is surgery performed without a incision. The Company’s Endosurgical products include the Reflex and PermaClip clip appliers for vessel and duct ligation, Universal S/I (suction/irrigation) and Universal Plus laparoscopic instruments and specialized suction/irrigation electrosurgical instrument systems for use in laparoscopic surgery. The Company also offers cutting and dilating trocars, suction/irrigation accessories, laparoscopic scissors, dissectors and graspers, active electrodes, insufflation needles and linear cutters and staplers for use in laparoscopic surgery. The Company’s disposable skin staplers are used to close large skin incisions with surgical staples, thus eliminating the time consuming suturing process. CONMED Endosurgery also offers a uterine manipulator called VCARE for use in increasing the efficiency of laparoscopic hysterectomies and other gynecologic laparoscopic procedures.
The Company offers a line of minimally invasive diagnostic and therapeutic products used in conjunction with procedures, which requires flexible endoscopy. The Company’s principal customers include gastrointestinal (GI) endoscopists, pulmonologists, and nurses who perform both diagnostic and therapeutic endoscopic procedures in hospitals and outpatient clinics.
The Company’s primary focus is to identify, develop, acquire, manufacture and market differentiated medical devices, which improve outcomes in the diagnosis and treatment of gastrointestinal and pulmonary disorders. The Company’s diagnostic and therapeutic product offerings for GI and pulmonology include mucosal management devices, forceps, scope management accessories, bronchoscopy devices, dilatation, stricture management devices, hemostasis, biliary devices, and polypectomy.
The Company competes with Smith & Nephew, plc, Arthrex, Inc., Stryker Corporation, ArthroCare Corporation, Johnson & Johnson: DePuy Mitek, Inc., Biomet, Inc., Medtronic, Inc. Midas Rex and Xomed, Synvasive Technology, Inc., Synthes, Inc., MicroAire Surgical Instruments, LLC, Zimmer Holdings, Inc., Covidien Ltd.; Valleylab, Medline Industries, Inc., ERBE Elektromedizin GmbH, Megadyne, Kendall, 3M Company, Ethicon Endo-Surgery, Inc, U.S.Surgical, Boston Scientific Corporation, Wilson-Cook Medical, Inc, Olympus America, Inc. and STERIS Corporation.
- [By James Brumley]Shares of MDT stock have fallen 6% since their early January peak, but have been in an uptrend since late 2011 … one of the few stocks in the medical device world that has been rock-solid in a rocky environment.
Medical Devices: ConMed Corp. (CNMD)With a market cap of only $1.2 billion, ConMed Corp. (CNMD) isn’t exactly a household name. That doesn’t mean CNMD stock can’t be a potent addiction to a portfolio, though.
- [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 CONMED (Nasdaq: CNMD ) , whose recent revenue and earnings are plotted below.
- [By Seth Jayson]Margins matter. The more CONMED (Nasdaq: CNMD ) 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 CONMED’s competitive position could be.
Top High Tech Stocks For 2014: Nestle SA (NESN.VX)
Nestle SA is a Swiss Company engaged in the nutrition, health and wellness sectors. It is the holding company of the Nestle Group, which comprises subsidiaries, associated companies and joint ventures throughout the world. It has such business units as Food and Beverage, Nestle Waters and Nestle Nutrition. It is also active in the pharmaceutical sector. It divides its products into Powdered and liquid beverages, Water, Milk products and Ice cream, Nutrition, Prepared dishes and cooking aids, Confectionery, PetCare and Pharmaceutical products. In February 2011, the Company acquired CM&D Pharma Ltd.
- [By Michael Calia]Post Holdings Inc.(POST) agreed to acquire the PowerBar and Musashi brands from Nestle SA(NESN.VX), further expanding the cereal maker’s position in the active nutrition category.
Top High Tech Stocks For 2014: Lumber Liquidators Holdings Inc (LL)
Lumber Liquidators Holdings, Inc. (Lumber Liquidators) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers an assortment of wood flooring, which includes prefinished domestic and exotic hardwoods, engineered hardwoods, unfinished hardwoods, bamboo, cork and laminates, as well as resilient flooring. Its flooring enhancements and accessories include moldings, noise-reducing underlay and adhesives. Lumber Liquidators and Bellawood are it brands. Its hardwood flooring products are available in various widths and lengths. It offers approximately 350 different flooring product stock-keeping units. In September 2011, it acquired certain assets of Sequoia Floorings Inc. (Sequoia) relating to Sequoiaâ€™s quality control and assurance, product development and logistics operations in China.
In June 2013, Lumber Liquidators Holdings Inc announced that the Company has opened its 300th store, located in Las Vegas, Nevada.
During the year ended December 31, 2011, the Company opened 40 stores. As of February 20, 2012, the Company operated 266 stores located in 46 states and Canada. During 2011, Lumber Liquidators opened its first stores in Canada. It operates a central distribution center located in Hampton, Virginia, supplemented by its facilities in Toano, Virginia. In addition, it operates a facility in Toronto, Canada, with both a store front and a small warehouse serving that metropolitan market. In 2011, Lumber Liquidators finished approximately 79% of its Bellawood products at its finishing facility in Toano, Virginia.
The Companyâ€™s solid hardwood products are milled from one thick piece of wood, which can be sanded and refinished numerous times. It offers flooring products made from more than 25 wood species, including both domestic woods, such as ash, beech, birch, hickory, northern hard maple, northern red oak, pine and American walnut, and exotic woods, such as bloodwood, cherry, cypress, ebony, koa, mesquite, mahogany, rosewood and teak. Lumber Liquidators sells these products either prefinished or unfinished.
The Companyâ€™s engineered hardwood products are produced by bonding a layer of hardwood to a plywood or fiber board backing. Its engineered hardwood floors are offered in domestic and exotic wood species, and in either glue down or floating application. All of its engineered hardwood products are prefinished. Engineered flooring is designed primarily to be installed in areas where hardwood is not conducive, such as slab construction, basements and areas where moisture may be a factor.
Lumber Liquidators Holdings, Inc.â€™s laminate flooring is constructed with a fiber board core, inserted between a melamine laminate backing and photographic paper displaying an image of wood and a ceramic finish, abrasion-resistant laminate top. Its laminate flooring brands allow for easy-click installation, and some include a pre-glued undersurface, moisture repellent, soundproofing, single-strip format or a handscraped textured finish.
Moldings and Accessories
Lumber Liquidators offer a variety of wood flooring moldings and accessories. It sells stair treads and risers in both finished and unfinished versions. Accessories include underlayments that are placed between the new floor and the sub-floor, insulating sound and cushioning the floors. In addition, it sells installation supplies, such as sealers, adhesives and trowels, floor cleaning supplies, and butcher-block kitchen countertops.
Bamboo and Cork
The Companyâ€™s bamboo products, harvested from the bamboo plant, are offered as a prefinished, natural or stained, solid or engineered floor. Its cork flooring is produced by harvesting the outer bark of the cork oak tree.
- [By Rick Munarriz]3. It’s the wood that makes it good
Once again, Lumber LiquidatorsÂ (NYSE: LL ) is making the most of a housing boom that finds homeowners and investors upgrading their homes with hardwood planks at discount prices.Â
- [By Jim Jubak]Another one might be Lumber Liquidators, symbol (LL). They’ve taken a big hit recently, because the FBI is doing an investigation on the sourcing of their lumber, some of which seems to be questionable. I think the company would be insane to be sourcing lumber from illegal countries and illegal operations. There are probably a couple of glitches. There are probably some fires where there is all this smoke, but it doesn’t concern the whole spread of their products, so it took a beating on that. It started to recover. It was also up about 6% on the Fed news, but that’s a stock that normally trades much higher and has a really good expanding retail sales story. I’d look at those two if I’m going to try to play the housing recovery, if you will, on the housing starts number, rather than looking at the whole sector.
- [By Jim Jubak]I think the market added two plus two and got five yesterday, after the release of better than expected numbers for November housing starts. That doesn’t mean, however, that two plus two equals four isn’t impressive enough to warrant a look from investors at specific stocks in the housing sector. Two that I think are attractive here are homebuilder Lennar (LEN) and flooring retailer Lumber Liquidators (LL).
- [By Jake L’Ecuyer]Lumber Liquidators (NYSE: LL) was also down, falling 12.25 percent to $91.01 after the company provided weak guidance following the close Monday. A defense from Piper Jaffray did little to buoy shares.
Top High Tech Stocks For 2014: Amarok Energy Inc (AMR)
Amarok Energy Inc.(Amarok ), formerly Drako Capital Corp. (Drako) is Canada-based company, engaged in oil and natural gas exploration and development in North America and Colombia. The Company operates in Canada, United States and Colombia. On February 27, 2012, Drako announced the completion of the Qualifying Transaction. On August 22, 2012, Drako Capital Corp. acquired Trilateral Energy Ltd. As part of the business acquisition of Trilateral a net carried working interest of 5% in Block LLA-21 for the two oil wells to be drilled on the Block LLA-21 property was acquired. As part of the business acquisition of Trilateral, oil and gas lease rights located in Montana, USA were acquired. 6,204 net acres (6,949 gross acres) of leases have been secured and approximately seven miles of two-dimensional (2D) seismic was acquired. Advisors’ Opinion:
- [By Holly LaFon]Question (From Bill Miller of Legg Mason): The airline industry is plagued with terrible economics. With the pending merger with U.S. Air (LCC) and American (AMR)â€¦ the industry has been consistently profitable with double-digit returns. Do you think the industryâ€™s improved economics are likely to improve?
Top High Tech Stocks For 2014: Cytomedix Inc (CMXI)
Cytomedix, Inc. (Cytomedix), incorporated in April 29, 1998, is a regenerative therapies company marketing and developing products within the United States and internationally .The Company commercializes cell-based technologies that harness the regenerative capacity of the human body to trigger natural healing. The Company is a commercial operation, and a robust clinical pipeline representing a logical extension of its commercial technologies in the evolving field of regenerative medicine. Cytomedix primarily operates in the United States. Its commercial offerings are centered on its point of care platform technologies for the safe and efficient separation of blood and bone marrow to produce platelet based therapies or cell concentrates.
The Company markets and selsl two distinct platelet rich plasma (PRP) technologies, the AutoloGel System for wound care and the Angel concentrated Platelet Rich Plasma (cPRP) Sytem in orthopedic and cardiovascular markets. Its clinical pipeline includes the ALDH, which are cell-based therapies (Bright Cells). In February 2012, the Company acquired Aldagen, Inc.
The AutoloGel System
The AutoloGel System is a point of care device for the production of a platelet based bioactive therapy derived from a small sample of the patientâ€™s own blood. Using the patientâ€™s own platelets as a therapeutic agent, AutoloGel harnesses the bodyâ€™s natural healing processes to deliver growth factors, chemokines and cytokines known to promote angiogenesis and to regulate cell growth and the formation of new tissue.
Angel Product Line
The Angel concentrated Platelet Rich Plasma (cPRP) System is a multi-functional cell separation device which produces concentrated platelet rich plasma for use in the operating room and clinic and is used in a range of orthopedic and cardiovascular indications. Similar to the AutoloGel System, the Angel System is a point of care device for the production of a concentrated, aseptic platelet-based bioactive therapy derived from a small sample of the patientâ€™s own blood. The resulting cPRP is applied at the site of injury to promote healing. The Angel product line also includes ancillary products such as phlebotomy and applicator supplies and activAT. activAT is designed to produce autologous thrombin serum from platelet poor plasma and is sold exclusively in Europe and Canada, where it provides a safe alternative to bovine-derived products.
ALDHbr Cell Technology and Development Pipeline
The ALDHbr (Bright Cell) technology is an approach to cell-based regenerative medicine and a logical extension of its commercial technologies in the evolving regenerative medicine market, with potential clinical indications in markets with unmet medical needs such as peripheral arterial disease and ischemic stroke. The Bright Cell technology is in that it utilizes an intracellular enzyme marker to facilitate fractionation of essential regenerative cells from a patientâ€™s bone marrow. The bone marrow fractionation process identifies and isolates active stem and progenitor cells expressing high levels of the enzyme aldehyde dehydrogenase, or ALDH, which is a key enzyme involved in the regulation of gene activities associated with cell proliferation and differentiation.
The Companyâ€™s lead product candidate, ALD-401, is an autologous preparation of Bright Cells for the post-acute treatment of ischemic stroke. ALD-401 is being evaluated in the RECOVER-Stroke clinical study, an ongoing 100-patient, double-blind, placebo-controlled Phase 2 study in patients with unilateral, cerebral ischemic stroke with an NIH stroke scale score of less than 22. An additional product candidate, ALD-301, is in clinical development for peripheral arterial disease (PAD), a condition causing reduced flow of blood and oxygen to muscles in the leg. It has completed a Phase 1/2 study of autologous ALD-301 in critical limb ischemia (CLI), a late stage condition caused by PAD. The Phase 2 PACE (Patients with Intermittent Claudication Injected with ALDH Bright Cells) study is an 80 patient, double-blind, placebo-controlled clinical trial intended to demonstrate the safety and efficacy of ALD-301 (Bright Cells) in patients diagnosed with IC.
The Company competes with Harvest Technologies (a subsidiary of Terumo), Biomet, Arteriocyte, and Arthrex.
- [By James E. Brumley]To give credit where it’s due, Cytomedix, Inc. (OTCBB:CMXI) and Baxter International Inc. (NYSE:BAX) have both helped shape the landscape of the hemostasis (bleeding control) market with their products, AutoloGel and TISSELL, respectively. Arch Therapeutics Inc. (OTCBB:ARTH) has proverbially taken their concepts “up a notch”, however, and its direct solution to a problem that CMXI and BAX can’t quite solve may make ARTH the hottest trading candidate in the hemostasis space.
- [By Bryan Murphy]When traders think of post-surgical wound management stocks, they may first think of names like Cytomedix, Inc. (OTCBB:CMXI) or Alliqua Inc. (OTCMKTS:ALQA). And well they should. Both companies have something of a history in the arena. ALQA is the purveyor of SilverSeal and Hydress antibiotic bandages, while CMXI is the developer of the AutoloGel system, which induces an affected patient’s on body to do what it’s supposed to do if there’s a wound that won’t heal. Cytomedix also makes the Angel platelet-rich plasma (PRP) delivery system. There’s a relatively new name to add to the list of game-changing stocks in wound-management industry, however…. Arch Therapeutics Inc. (OTCBB:ARTH). The company is developing – well, has developed – a product called AC5 that nips post-surgical bleeding in the bud, largely negating the need for other post-surgical bleeding-control measures.
Top High Tech Stocks For 2014: Level 3 Communications Inc.(LVLT)
Level 3 Communications, Inc. engages in the communications business in North America and Europe. It offers network and Internet services, including transport services, high speed Internet protocol services, dedicated Internet access, virtual private network services, and dark fiber services, as well as managed modem, an outsourced, turn-key infrastructure solution; and colocation services. The company also provides various media services, comprising Vyvx services that provide audio and video feeds over fiber or satellite; content delivery network services; media delivery services to customers seeking to manage, protect, and monetize content delivered over the Internet; a range of local and long distance voice services, such as voice over Internet protocol (VoIP) and traditional circuit-switch based services; and VoIP Enhanced Local, a VoIP service that enables broadband cable operators, IXCs, VoIP providers, and other companies operating their own switching infrastructure to launch IP-based local and long-distance voice services through a broadband connection. Level 3 Communications? media services also consist of SIP Trunking, a VoIP-based local phone service; Local Inbound service that terminates traditional telephone network originated calls to Internet Protocol termination points; Primary Rate Interface, a TDM local phone service that could be configured in various ways; Long Distance services portfolio comprising local and long distance transport and termination services; and Toll Free services portfolio, which terminate toll free calls that are originated on the traditional telephone network. As of December 31, 2010, its network encompassed approximately 68,000 intercity route miles in North America and an intercity network covering approximately 13,000 miles across Europe. Further, it sells coal primarily through long-term contracts with public utilities. The company was founded in 1884 and is headquartered in Broomfield, Colorado.
- [By Jake L’Ecuyer]Level 3 Communications (NYSE: LVLT) was also up, gaining 9.52 percent to $34.39 on Q4 results.
Equities Trading DOWN
Shares of 3D Systems (NYSE: DDD) were down 14.04 percent to $65.14 after the company lowered its quarterly earnings outlook.
- [By Jake L’Ecuyer]Level 3 Communications (NYSE: LVLT) was also up, gaining 8.89 percent to $34.20 on Q4 results.
Equities Trading DOWN
Shares of 3D Systems (NYSE: DDD) were down 18.35 percent to $61.86 after the company lowered its quarterly earnings outlook.
- [By Ben Levisohn]Strategist Andrew Garthwaite and team explain why companies like Sprint (S),Â American Water Works (AWK), Volcano (VOLC), Southern (SO) and Level 3 CommunicationsÂ (LVLT) could get hit by the taper:
Top High Tech Stocks For 2014: ASA Gold and Precious Metals Limited (ASA)
ASA Gold and Precious Metals Limited is a self management investment trust. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. ASA Gold and Precious Metals Limited was founded in 1958 and is based in San Mateo, California.
- [By Joe Eqcome]Actionable Items:
Highest Positive Spread: Nuveen Mortgage Opportunity Term Fund (JLS)Focus Stock: LMP Real Estate Income Fund (RIT)Last Week’s Focus Stock: ASA Gold and Precious Metals (ASA)ECB cuts its rates: The European Central Bank (ECB) will cut its benchmark rate a quarter-of-a-point to 0.5%.