Lockheed Martin (NYSE: LMT ) �landed a pair of Pentagon contracts Thursday, worth some $85 million in aggregate.
The smaller of the two awards, for $14.6 million, went to a small Lockheed unit called Lockheed Martin Gyrocam Systems LLC. Gyrocam won a task order to provide field service representatives to assist the Navy on a vehicle optic surveillance system program in Afghanistan, including providing parts, logistics, maintenance, and training support for legacy systems. Lockheed's work on this contract should be complete by July 2014.
The larger award, this one for a more substantial $70.4 million, modifies a previously awarded advance acquisition contract to provide Lockheed with the funds needed to buy "long lead-time" parts, material, and components that will be required to build seven Conventional Take-Off and Landing F-35A Lightning II Joint Strike Fighter aircraft, and one Short Take-Off Vertical Landing F-35B Lightning II Joint Strike Fighter aircraft. All eight aircraft are destined for the Italian Air Force. Work on this long-lead contract is to be completed by February 2014.�
5 Best Biotech Stocks To Invest In 2015: Medical Marijuana Inc (MJNA)
Medical Marijuana Inc. (MJNA), incorporated on May 23, 2005, is the publicly held company vested in the medical marijuana and industrial hemp markets. The Company is comprised of a diversified portfolio of products, services, technology and businesses solely focused on the cannabis and hemp industries. These products range from patented based cannabinoid products, to whole plant or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical and cosmeceutical industries. In March 2013, it sold certain equipment and inventory, web domain names, phone numbers, and all existing and pending agreements with hemp production and processing facilities to CannaVEST Corp.
The Company�� services are varied, ranging from medical clinic management to the capitalization and development of existing industry business and product leaders. Services include development of cannabinoid based health and wellness products, and the development of medical grade compounds. MJNA provides over 50 and patented cannabinoid delivery methods that are more socially and medically acceptable than smoking.
Advisors' Opinion:- [By John Udovich]
The SEC has halted trading of small cap marijuana stock Growlife Inc (OTCMKTS: PHOT) after a relatively brief trading halt for�Advanced Cannabis Solutions, Inc (OTCMKTS: CANN), but Tranzbyte Corp (OTCMKTS: ERBB), Cannabis Science Inc (OTCMKTS: CBIS) and Medical Marijuana Inc (OTCMKTS: MJNA) are still very much alive. However and as I have noted (repeatedly)�in the past (see here), Medical Marijuana Inc has a�former CEO who has been indicted for a multi-state mortgage fraud scam/ponzi scheme while Medbox Inc (OTCMKTS: MDBX) is another marijuana stock with some ��ssues��that were summed up nicely in a Southern Investigative Reporting Foundation article cleverly entitled: Tinkerer, Lawyer, Hustler, Lies: One Man�� Path to a Dope Fortune. Obviously, investing in marijuana stocks is not for conservative. Nevertheless, there is�still plenty of good or bad news for investors in the marijuana sector to inhale, including the following:
- [By John Udovich]
Although its summer, there has been a steady stream of good news about medical marijuana even though important small cap marijuana stocks�Medical Marijuana Inc (OTCMKTS: MJNA) and Cannabis Science Inc (OTCMKTS: CBIS) have been fairly quietly lately while Growlife Inc (OTCBB: PHOT), a more indirect play on the spread of legalized marijuana, has produced�some news for investors:
- [By James E. Brumley]
Wow. That didn't take long. It was only two days ago that marijuana stocks like Growlife Inc. (OTCBB:PHOT), Medical Marijuana Inc. (OTCMKTS:MJNA), Cannabis Science Inc. (OTCMKTS:CBIS), Medbox Inc. (OTCMKTS:MDBX), and Hemp, Inc. (OTCMKTS:HEMP) were all the rage, flying high on the heels of a new year... a new year in which marijuana was legalized (for one reason or another) in two more states. HEMP was up as much as 700% in less than three weeks at one point. MDBX gained 300% at the beginning of the year, when recreational marijuana began to be legally sold in Colorado. CBIS jumped 400% off of its December low. MJNA nearly doubled on the advent of new marijuana venues. PHOT soared more than 130% since the end of last year on the legalization of marijuana. It was, truthfully, some of the fastest big money that traders have ever made in the market.
- [By Bryan Murphy]
The difference between Growlife's leadership and, say that of competitors like Cannabis Science Inc. (OTCMKTS: CBIS) or Medical Marijuana Inc. (OTCMKTS: MJNA), has been relatively well documented here at the SmallCap Network site. I think the way I - well, someone else - put it back on June 25th says it best...."Growlife is sort of the demure girl in the corner who doesn't do shots off her navel in the bar." It may not have sizzle, but it does have substance.
Top 5 Logistics Stocks To Invest In 2014: CA Inc.(CA)
CA Technologies, together with its subsidiaries, designs, develops, markets, delivers, licenses, and supports information technology (IT) management software products that operate on a range of hardware platforms and operating systems. It offers enterprise IT management software for organizations that addresses components of the computing environment, including people, information, processes, systems, networks, applications, and databases. The company provides a portfolio of mainframe and distributed software products with a focus on mainframe, service assurance, security (identity and access management), project and portfolio management, service management, virtualization and service automation, and cloud computing. It serves banks, insurance companies, other financial services providers, government agencies, manufacturers, technology companies, retailers, educational organizations, and health care institutions worldwide. CA Technologies offers its solutions through its d irect sales force and indirectly through global systems integrators, technology partners, managed service providers, solution providers, distributors and volume partners, and exclusive representatives. The company was formerly known as CA, Inc. and changed its name to CA Technologies in May 2010. CA Technologies was founded in 1974 and is based in Islandia, New York.
Advisors' Opinion:- [By James E. Brumley]
It's certainly not on par with International Business Machines Corp. (NYSE:IBM) and Oracle Corporation (NYSE:ORCL), at least in terms of size. But, shares of CA, Inc. (NASDAQ:CA) do offer something that ORCL and IBM shares may not offer at this point... a lot of upside opportunity. In fact, if history is any indication, CA may be on the cusp of 40% pop, and maybe even more.
- [By Jonathan Buck]
IT management software and solutions provider CA Inc. (CA) can continue its resurgence with a focus on innovation.
Early signs are encouraging. The company, formerly known as Computer Associates, is highly profitable. Its problem is a steady decline in revenue that has persisted for seven straight quarters.
��f you take a look over the last several years, we lost our innovation edge,��Chief Executive Mike Gregoire said in an interview on the sidelines of the World Economic Forum in Davos. ��nd over the last year that is the No. 1 thing that I have been trying to put in place. You can structure deals and use financial engineering to a certain extent, package more things together and show growth, but at the end of the day you have to build great software that is highly differentiated and (that) people want.��/p>
Since joining CA a year ago, Gregoire has been trying to sharpen CA�� blunted edge. He has closed fragmented engineering shops, opened an R&D center in Silicon Valley and is trying to get ahead of the technology curve to deliver the products that customers will want in two years��time.
��his innovation is not something you do some of the time, you have to do it all of the time,��Gregoire said.
��e are on a treadmill,��he added. ��e have to keep the products that we currently have innovative and differentiated, and we have to be looking to what the market needs over time to make sure we are highly relevant in the largest markets.��/p>
He sees huge potential from mainframe applications to distributed applications to the cloud. CA, which competes with the likes of Oracle (ORCL) and International Business Machines�(IBM), will have customers on all three platforms, which will need to be managed, and applications and security closely monitored. ��here is lots of room for us to innovate,��said Gregoire. He has cut 1,200 jobs, and is looking to revitalize sales and marketing, too.
CA, ba
Top 5 Logistics Stocks To Invest In 2014: Sanchez Energy Corp (SN)
Sanchez Energy Corporation, incorporated on August 22, 2011, is an independent exploration and production company. The Company is focused on the acquisition, exploration and development of unconventional oil and natural gas resources onshore along the United States Gulf Coast, primarily in the Eagle Ford Shale in South Texas. The Company also has a position in the Tuscaloosa Marine Shale in Mississippi and Louisiana. As of December 31, 2012, the Company had accumulated approximately 95,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale in Gonzales, Zavala, Frio, Fayette, Lavaca, Atascosa, Webb and DeWitt Counties of South Texas. The Company's Eagle Ford Shale acreage is consists of approximately 9,700 net acres in Gonzales County, Texas, which the Company refers to as its Palmetto area, approximately 28,400 net acres in Zavala and Frio Counties, Texas, which the Company refers to as its Maverick area, and approximately 57,100 net acres in Fayette, Lavac.
The Company owns all rights and depths on the majority of its Eagle Ford Shale acreage. The Company is evaluating other zones, which may present the Company with additional drilling locations. Several of the Company's existing wells are either producing from or have logged pay in the Buda Limestone and the Austin Chalk formations.
Eagle Ford Shale
The Eagle Ford Shale is one of the unconventional shale trends in North America. In the Eagle Ford Shale, the Company has assembled approximately 95,000 net acres with an average working interest of approximately 87%. Using approximately 120 acre well-spacing for the Company's Maverick and Marquis areas and approximately 80 acre well-spacing for its Palmetto area, the Company believes that there could be up to 973 gross (815 net) locations for potential future drilling on its acreage.
In the Company's Palmetto area, the Company has approximately 9,700 net acres in Gonzales County, Texas with an! average working interest of approximately 48%. The Company has participated in the drilling of 16 gross wells on its acreage that had an average initial 24-hour production rates between 502 and 3,139 barrels of oil equivalent per day . The Company has identified up to 237 gross (113 net) locations based on 80 acre well-spacing for potential future drilling in its Palmetto area. The Company is drilling a five-well pilot program from a single pad to test 40 acre well-spacing in its southern portion of the Palmetto area, and Ryder Scott has given the Company 80 acre well-spaced PUD locations in the same area in its December 31, 2012 reserve report.
In the Company's Maverick area, the Company has approximately 28,400 net operated acres in Zavala and Frio Counties, Texas with an average working interests of approximately 87%. The Company has drilled ten gross horizontal wells that had a range of average initial 24-hour production rates between 214 and 931 barrels of oil equivalent per day . The Company has also drilled four vertical wells that had average initial 24-hour rates between 94 and 264 barrels of oil equivalent per day . The Company tests the feasibility of a vertical well development program and compare horizontal and vertical completion economic returns. The Company has identified up to 264 gross (230 net) locations based on 120 acre well-spacing for potential future drilling on its Maverick acreage.
In the Company's Marquis area, the Company has approximately 57,100 net operated acres, the majority of which are in southwest Fayette and northeast Lavaca Counties, Texas with a 100% working interest. The Company has drilled three horizontal wells that had a range of average initial 24-hour production rates between 1,114 and 1,369 barrels of oil equivalent per day . The Company has identified up to 472 gross and net locations based on 120 acre well-spacing for potential future drilling on its Marquis acreage. The Company is also drilling a 60 acre well-spacing test in the! western ! Prost area of its Marquis area.
Other
The Company has approximately 1,000 net acres in the Haynesville Shale in Natchitoches Parish, Louisiana, which are operated by Chesapeake Energy Corporation. The majority of the Company's Haynesville leases are held by production, giving the Company and its partners the option to accelerate drilling should natural gas prices increase.
The Company competes with Chesapeake Energy Corporation, Marathon Oil Corporation, EOG Resources, Inc., Halcon Resources Corporation, Penn Virginia Corporation and Magnum Hunter Resources Corporation.
Advisors' Opinion:- [By Josh Young]
The above could have described Sanchez's (SN) acquisition of Tuscaloosa Marine Shale (TMS) acreage, announced on August 8th, 2013. Sanchez bought a position in the TMS for approximately $2,000 per acre, giving Sanchez exposure to the play and providing a nice comp for Goodrich Petroleum (GDP), the leading public company in the TMS play. Goodrich had been trading at a lower implied value per TMS acre, net of the value of its other assets. Unsurprisingly, since then Goodrich has traded up substantially (incidentally, so has Sanchez):
- [By Ben Levisohn]
Penn Virginia has gained 6.9% to $7.15 at 11:56 p.m. today, while Sanchez Energy (SN) has advanced 5.2% to $29.10, Abraxas Petroleum (AXAS) has risen 2.4% to $2.97 and Gulfport Energy (GPOR) is up 1.3% at $67.31.
- [By Jon C. Ogg]
Sanchez Energy Corp. (NYSE: SN) was initiated with a Buy rating and $31 price target at Canaccord Genuity.
Trina Solar Ltd. (NYSE: TSL) was raised to Outperform with a $10 price target at Cowen & Co. after earnings yesterday. Note that there were two other analyst upgrades yesterday as well after the report.
Top 5 Logistics Stocks To Invest In 2014: Cecil Bancorp Inc (CECB)
Cecil Bancorp, Inc. is the holding company for Cecil Bank (the Bank). The Bank is a Maryland chartered commercial bank, is a member of the Federal Reserve System and the Federal Home Loan Bank (FHLB) of Atlanta, and is an Equal Housing Lender. Its deposits are insured by the Deposit Insurance Fund (DIF) of the Federal Deposit Insurance Corporation (FDIC). The Bank conducts its business through its main office in Elkton, Maryland, and branches in Elkton, North East, Fair Hill, Rising Sun, Cecilton, Aberdeen, Conowingo and Havre de Grace, Maryland. On August 16, 2013, Cecil Bank completed the sale of its Aberdeen, Maryland branch office to Howard Bank, a wholly owned subsidiary of Howard Bancorp, Inc.
Lending Activities
The Bank offers mortgage loans on one-to four-family residential dwellings. Most of the loans are originated in amounts up to $350,000, on single-family properties located in the Bank�� primary market area. The Bank�� mortgage loan originations are generally for terms of 15, 20 and 30 years, amortized on a monthly basis with interest and principal due each month. The Bank offers adjustable-rate mortgage loans with terms of up to 30 years. The Bank also originates conventional fixed-rate mortgages with terms of 15, 20, 30 or 40 years. During the year ended December 31, 2011, the Bank originated $2,145,000 in adjustable-rate mortgage loans and $7,157,000 in fixed-rate mortgage loans. The Bank also offers second mortgage loans. These loans are secured by a junior lien on residential real estate. The total of first and second liens may not exceed a 90% loan to value ratio.
The Bank�� construction lending has primarily involved lending for construction of single-family residences, although the Bank does lend funds for the construction of commercial properties and multi-family real estate. Land loans granted to individuals have a term of up to 10 years and interest rates adjust every one, three or five years. Land loans granted to developers have te! rms of up to three years. The Bank originates loans on multi-family residential and commercial properties in its market area. The Bank�� permanent multi-family and commercial real estate loans are typically secured by retail or wholesale establishments, motels/hotels, service industries and industrial or warehouse facilities. Multi-family and commercial real estate loans generally have terms of 20 to 40 years, are either tied to the prime rate or have interest rate adjustments every one, three or five years.
The Bank offers commercial business loans and both secured and unsecured loans and letters of credit, or lines of credit for businesses located in its primary market area. The business loans have a one year term, while lines of credit can remain open for longer periods. The Bank�� consumer loans consist of automobile loans, deposit account loans, home improvement loans, and other consumer loans. Consumer loans are generally offered for terms of up to five years at fixed interest rates.
Investment Activities
The Bank maintains a portfolio of mortgage-backed securities in the form of Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) participation certificates. GNMA certificates are guaranteed as to principal and interest by the United States, while FHLMC certificates are guaranteed by the agency.
Sources of Funds
Deposits are attracted principally from the Bank�� market area through the offering of a range of deposit instruments, including savings accounts and certificates of deposit ranging in term from 91 days to 60 months, as well as regular checking, negotiable order of withdrawal (NOW), passbook and money market deposit accounts. Deposit account terms vary, principally on the basis of the minimum balance required; the time periods the funds must remain on deposit, and the interest rate. The Bank also offers individual retirement accounts (IRAs). Deposits have been the primary so! urce of f! unds for the Bank�� lending and investment activities and for its general business activities. The Bank is authorized, however, to use advances from the FHLB of Atlanta to supplement its supply of lendable funds and to meet deposit withdrawal requirements.
Advisors' Opinion:- [By CRWE]
Today, CECB remains (0.00%) +0.000 at $.410 thus far (ref. google finance Delayed: 1:10PM EDT August 30, 2013).
Howard Bancorp, Inc. and Cecil Bancorp, Inc. jointly previously reported their respective banking subsidiaries, Howard Bank and Cecil Bank, have completed the sale of Cecil Bank�� branch located at 3 West Bel Air Ave., Aberdeen, MD 21001 to Howard Bank pursuant to a purchase and assumption they entered into in March 2013.
Pursuant to the sale, Howard Bank has acquired $37.1 million in loans and $35.2 million in deposits from Cecil Bank.