Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of video game publisher Activision Blizzard (NASDAQ: ATVI ) surged 13% today after announcing an $8.2 billion deal to split from parent company Vivendi.�
So what: Activision is buying the stake from Vivendi at a 10% discount -- $13.60 per share -- to its closing price on Thursday, suggesting that the Call of Duty and World of Warcraft purveyor is getting a pretty sweet deal to gain back its freedom. The Vivendi sale will reduce its holdings from 61.1% of Activision's common shares to just 12%, triggering optimism that the deal will allow Activision to finally unleash some of its seemingly pent-up entrepreneurial creativity.
Now what: The deal is expected to close by the end of September 2013, subject to standard closing conditions. "We should emerge even stronger -- an independent company with a best-in-class franchise portfolio and the focus and flexibility to drive long-term shareholder value and expand our leadership position as one of the world's most important entertainment companies," said Activision CEO Bobby Kotick. So while I wouldn't usually touch such a hot stock, today's pop might just be the start for the suddenly nimble, flexible, and independent Activision.
Revolution Lighting Technologies Inc., incorporated on December 16, 1993, designs, manufacture, market and sells commercial grade, light emitting diode (LED) replacement light bulbs and LED-based signage, channel letter and contour lighting products. The Company sells these products under the Seesmart, Array Lighting and Lumificient brand names. The Company operates in two segments: LED replacement lamps and fixtures and LED signage and lighting strips. On December 20, 2012, the Company acquired Seesmart Technologies, Inc., headquartered in Simi Valley, California. In August 2013, the Company announced that it has completed the acquisition of Relume Technologies (Relume). In October 2013, the Company announced that it has acquired a portfolio of general illumination LED lighting products, including several product lines from CMG Energy Solutions (CMG). In November 2013, the Company acquired Tri-State LED.
The Company�� LED replacement lamps and fixtures segment include the Seesmart business and the Array business, which has been integrated with the Seesmart business. The LED signage and lighting strips segment is comprised of the Lumificient business.
Advisors' Opinion: - [By Garrett Cook]
Shares of Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) got a boost, shooting up 30.86 percent to $1.68 after the company announced a strategic distribution partnership with Fastenal.
- [By Paul Ausick]
Big Earnings Movers: The Walt Disney Co. (NYSE: DIS) is up 2.1% at $68.58 on a good showing for its films but not so much for its TV programming. Molycorp Inc. (NYSE: MCP) is up 1.8% at $4.85 after offering a weakish outlook. Revolution Lighting Technologies Inc. (NASDAQ: RVLT) is up 21.5% at $3.28 after a strong report and reaffirmed solid outlook.
- [By Stock Investor]
First up we have Revolution Lighting Technologies, Inc (RVLT). As of last week RVLT had a market cap of $280m. Revenues for the last year came in at $4.4m. The company is averaging a cash burn of approximately $7m per quarter over the last two quarters. If I give the company the benefit of the doubt and assume the $7.5m of investments they made last quarter was a one time event, the cash burn then drops to under $4m per quarter. In March RVLT raised $5m from the issuance of shares priced at $1.17. The company is still in need of additional financing, and with the stock price up 400% in the last three months, it would be wise for them to issue shares right now. This increases the risk for investors dramatically right now.
Top 10 Integrated Utility Companies To Watch For 2014: Jarden Corp (JAH)
Jarden Corporation (Jarden), incorporated on December 11, 2001, is a global consumer products company. The Company operates in three segments through a range of brands, including: Outdoor Solutions: Abu Garcia, Aero, Berkley, Campingaz, Coleman, ExOfficio, Fenwick, Gulp!, K2, Marker, Marmot, Mitchell, Penn, Rawlings, Shakespeare, Stearns, Stren, Trilene, Volkl and Zoot; Consumer Solutions: Bionaire, Crock-Pot, FoodSaver, Health o meter, Holmes, Mr. Coffee, Oster, Patton, Rival, Seal-a-Meal, Sunbeam, VillaWare and White Mountain, and Branded Consumables: Ball, Bee, Bernardin, Bicycle, Billy Boy, Crawford, Diamond, Dicon, Fiona, First Alert, First Essentials, Hoyle, Kerr, Lehigh, Lillo, Loew-Cornell, Mapa, NUK, Pine Mountain, Quickie, Spontex and Tigex. On December 31, 2012, American Capital Ltd sold its portfolio company Lifoam Holdings, Inc. to the Company. In October 2013, Jarden Corporation completed its acquisition of Yankee Candle Investments LLC from a fund managed by Madison Dearborn Partners, LLC.
Outdoor Solutions
The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman is a brand for lifestyle products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas grills, lanterns and flashlights, sleeping bags, tents and water recreation products, such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a provider of fishing equipment under brand names, such as Abu Garcia, All Star, Berkley, Fenwick, Gulp!, JRC, Mitchell, Penn, Pflueger, Sebile, Sevenstrand, Shakespeare, Spiderwire, Stren, Trilene, Ugly Stik and Xtools. Team sports equipment for baseball, basketball, field hockey, football, lacrosse and softball products are sold under brand names, such as deBeer, Gait, Miken, Rawlings and Worth. Alpine and nordic skiing! , snowboarding, snowshoeing and in-line skating products are sold under brand names, such as Atlas, Full Tilt, K2, Line, Little Bear, Madshus, Marker, Morrow, Ride, Tubbs, Volkl and 5150 Snowboards.
Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names, such as Helium, Hodgman, Mad Dog Gear, Sevylor, Sospenders and Stearns. The Company also sells technical and outdoor apparel and equipment under brand names, such as CAPP3L, Ex Officio, K2, Marker, Marmot, Planet Earth, Ride, Volkl and Zoot, and air beds under brand names, including Aero, Aerobed and Aero Sport. The Company has warehouse and distribution facilities in Canada, Europe, Latin America, the Pacific Rim and the United States. It also uses third party warehouses and logistical services. It manufactures its products at facilities in China, Europe, Latin America and North America, as well as through third-party sourcing, primarily in Asia.
Consumer Solutions
The Consumer Solutions segment manufactures or sources, markets, and distributes a line of household products, including kitchen appliances and home environment products. This segment maintains a portfolio of brands, including Bionaire, Crock-Pot, FoodSaver, Health o meter, Holmes, Mr. Coffee, Oster, Patton, Rival, Seal-a-Meal, Sunbeam and Villaware. The principal products in this segment include clippers and trimmers for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; home environmental products, such as air purifiers, fans, heaters and humidifiers; products for the hospitality industry, and scales for consumer use.
Branded Consumables
The Branded Consumables segment manufactures or sources, markets and distributes a line of branded consumer products, including arts and c! rafts pai! nt brushes, brooms, brushes, buckets, children�� card games, clothespins, collectible tins, condoms, cord, rope and twine, dusters, dust pans, feeding bottles, fencing, fire extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, window guards and other accessories. This segment markets its products under the Aviator, Ball, Bee, Bernardin, Bicycle, Billy Boy, BRK, Crawford, Diamond, Dicon, Fiona, First Alert, First Essentials, Hoyle, Java-Log, KEM, Kerr, Lehigh, Lillo, Loew-Cornell, Mapa, NUK, Pine Mountain, Quickie Green Cleaning, Quickie Home-Pro, Quickie Microban, Quickie Original, Quickie Professional, Spontex, Tigex and Wellington brand names, among others.
The Company manufactures products, such as firelogs and firestarters, kitchen matches and metal closures for its home canning jars in its domestic facilities. It also manufactures playing cards and certain baby care products, home care products, healthcare products and home safety products at facilities worldwide, including facilities in Asia, Europe, Latin America, North America and South America.
Process Solutions
In addition to the three primary business segments, the Company�� Process Solutions segment manufactures, markets and distributes a variety of plastic products, including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Its materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. It is also a producer o! f niche p! roducts fabricated from solid zinc strip and is the supplier of copper-plated zinc penny blanks to the United States Mint and a supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel-plated finishes on steel and zinc for coinage to other international markets. In addition, it manufactures a line of industrial zinc products marketed worldwide for use in the architectural, automotive, construction, electrical component and plumbing markets.
Advisors' Opinion: - [By Will Ashworth]
One of the only ways to fight this is by getting bigger. A good example in another industry is Jarden (JAH), a consumer goods business with annual revenues of $7.4 billion. It�� as big as it is in order to be able to provide a larger assortment of products to Walmart (WMT), its biggest customer, representing 20% of overall sales. Without this wide assortment, Bentonville would have to go elsewhere for sales. The same scenario applies to cable and television content.
- [By WWW.GURUFOCUS.COM]
Consumer products manufacturer Jarden Corp. (JAH) announced strong, broad-based organic growth and closed on the acquisition of Yankee Candle.From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Commentary for fourth quarter 2013.
Also check out: Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks, and Stocks that Diamond Hill Capital keeps buying
Currently 5.00/512345
Rating: 5.0/5 (1 vote)
Top 10 Integrated Utility Companies To Watch For 2014: Ishares Silver Trust (SLV)
iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of silver held by the Trust�� custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor). The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).
The activities of the Trust are limited to issuing Baskets of Shares in exchange for the silver deposited with the Custodian as consideration, selling silver as necessary to cover the Sponsor�� fee, Trust expenses not assumed by the Sponsor and other liabilities and delivering silver in exchange for Baskets of Shares surrendered for redemption. Each deposit of silver for the creation of Baskets of Shares and each surrender of Baskets of Shares for the purpose of withdrawing Trust property (including if the trust agreement terminates) must be accompanied by a payment to the Trustee of a fee.
Advisors' Opinion: - [By Matthew McCall]
More quantitative easing is bullish for the precious metals. The asset purchase program essentially lowers the value of the U.S. Dollar and therefore is good for the value of gold and silver. The SPDR Gold ETF (NYSE: GLD) is up 1.1 percent and closing in on a three-week high. The iShares Silver ETF (NYSE: SLV) is rallying 2.4 percent on the news.
- [By Quoth the Raven]
In the past I've written countless articles about gold (GLD) and silver (SLV), claiming they're going to be great long-term bets no matter what they currently trade for, and that they're both looking relatively cheap to purchase in 2013 after their prices fell significantly over the past few years. For months, people have informed me that I've looked like an idiot. Now it's starting to look like ole' QTR may have been onto something after all.
Top 10 Integrated Utility Companies To Watch For 2014: Aussie/New Zealand (AR)
Antero Resources Corporation operates as an oil and natural gas exploration and production company. The company focuses on the acquisition, development, and production of unconventional oil and liquids-rich natural gas properties primarily in West Virginia, Ohio, and Pennsylvania. It was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. The company was founded in 2002 and is based in Denver, Colorado with district offices in Mount Clare, West Virginia; and Marietta, Ohio.
Advisors' Opinion: - [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Antero Resources (NYSE: AR) were down 5.41 percent to $59.74 after the company announced a 105% y/y gain in its Q1 preliminary gas production.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Antero Resources (NYSE: AR) were down 3.64 percent to $60.92 after the company announced a 105% y/y gain in its Q1 preliminary gas production.
- [By Robert Rapier]
Supply, meanwhile, is constrained by the fact that, even at the current elevated price, few gas projects outside of the bountiful Marcellus shale can compete with the returns available in crude oil. Our favorite Marcellus drillers are Cabot Oil & Gas (COG) and Antero Resources (AR).
Top 10 Integrated Utility Companies To Watch For 2014: Central Securities Corp (CET)
Central Securities Corporation is a non-diversified, closed-end management investment company. The Company�� primary investment objective is growth of capital. Central Securities Corporation invests primarily in common stocks, but it may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.
The Company, from time to time, invests in securities, the resale of which is restricted. Central Securities Corporation invests in various sectors, including insurance, Semiconductor, Technology Hardware and Equipment, Diversified Industrial, Energy, Software and Services, Banking and Finance and other.
Advisors' Opinion: Top 10 Integrated Utility Companies To Watch For 2014: Genie Energy Ltd (GNE)
Genie Energy Ltd., incorporated on January 10, 2011, consists of IDT Energy and Genie Oil and Gas (GOGAS). IDT Energy is a retail energy provider supplying electricity and natural gas to residential and small business customers primarily in the Eastern United States.
GOGAS focuses on providing technologies to produce transportation fuels from the world's oil shales and other fuel resources. GOGAS resource development projects include a conventional oil and gas exploration program in Israel and in-situ oil shale projects in Colorado, Israel and Mongolia.
Advisors' Opinion: - [By Ali Berri]
Utilities shares surged around 0.87 percent in today’s trading. Meanwhile, top gainers in the sector included WGL Holdings (NYSE: WGL), up 6.3 percent, and Genie Energy (NYSE: GNE), up 2.4 percent.
Top 10 Integrated Utility Companies To Watch For 2014: Signature Bank (SBNY)
Signature Bank (the Bank) is a full-service commercial bank with 25 private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. The Bank offers a variety of business and personal banking products and services through the Bank, as well as investment, brokerage, asset management and insurance products and services through its wholly owned subsidiary, Signature Securities Group Corporation (Signature Securities), a licensed broker-dealer and investment adviser. Through Signature Securities, it also purchases, securitizes and sells the guaranteed portions of the United States Small Business Administration (SBA) loans. The Bank offers a variety of deposit, escrow deposit, credit, cash management, investment and insurance products and services to its clients. As of December 31, 2011, the Bank maintained approximately 78,000 deposit accounts, 6,900 investment accounts, 8,600 loan accounts and 14,300 client relationships. In April 2012, it formed a new subsidiary, Signature Financial, LLC.
The Bank offers a range of products and services oriented to the needs of its business clients, including deposit products, such as non-interest-bearing checking accounts, money market accounts and time deposits; escrow deposit services; cash management services; commercial loans and lines of credit for working capital and to finance internal growth, acquisitions and leveraged buyouts; permanent real estate loans; letters of credit; investment products to help better manage idle cash balances, including money market mutual funds and short-term money market instruments; business retirement accounts, such as 401(k) plans, and business insurance products, including group health and group life products. It offers a range of products and services oriented to the needs of its high net worth personal clients, including interest-bearing and non-interest-bearing checking accounts, with optional features, such as debit/ autom! ated teller machine (ATM) cards and overdraft protection and, for its clients, rebates of certain charges, including ATM fees; money market accounts and money market mutual funds; time deposits; personal loans, both secured and unsecured; mortgages, home equity loans and credit card accounts; investment and asset management services, and personal insurance products, including health, life and disability.
Lending Activities
The Bank�� commercial and industrial (C&I) loan portfolio is consisted of lines of credit for working capital and term loans to finance equipment, company owned real estate and other business assets, along with commercial overdrafts. Its lines of credit for working capital are generally renewed on an annual basis and its term loans generally have terms of 2 to 5 years. The Bank�� lines of credit and term loans typically have floating interest rates, and as of December 31, 2011, approximately 61% of its outstanding C&I loans were variable rate loans. As of December 31, 2011, funded C&I loans totaled approximately 15% of its total funded loans. The Bank�� real estate loan portfolio includes loans secured by commercial and residential properties. It also provides temporary financing for commercial and residential property. As of December 31, 2011, funded real estate loans totaled approximately $5.74 billion, representing approximately 80% of its total funded loans. It issues standby or performance letters of credit, and can service the international needs of its clients through correspondent banks. As of December 31, 2011, its commitments under letters of credit totaled approximately $235.7 million. Its personal loan portfolio consists of personal lines of credit and loans to acquire personal assets. As of December 31, 2011, its consumer loans totaled $11.8 million, representing less than 1% of its total funded loans.
Investment and Asset Management Products and Services
Investment and asset management products and services are ! provided ! through the Bank�� subsidiary, Signature Securities. Signature Securities is a licensed broker-dealer. Signature Securities is an introducing firm and, as such, clears its trades through National Financial Services, Inc., a wholly owned subsidiary of Fidelity Investments. Signature Securities is also registered as an investment adviser in New York, New Jersey, Pennsylvania and Florida. It offers an array of asset management and investment products, including the ability to purchase and sell all types of individual securities, such as equities, options, fixed income securities, mutual funds and annuities. The Bank offers transactional, cash management type brokerage accounts with check writing and daily sweep capabilities. It also offers retirement products, such as individual retirement accounts (IRAs) and administrative services for retirement vehicles, such as pension, profit sharing, and 401(k) plans to its clients. Signature Securities offers wealth management services to its high net worth personal clients. Together with its client and their other professional advisors, including attorneys and certified public accountants, it develops a financial plan that can include estate planning, business succession planning, asset protection, investment management, family office advisory services, bill payment, art and collectible advisory services and concentrated stock services.
Sources of Funds
The Bank offers a variety of deposit products to its clients. Its business deposit products include commercial checking accounts, money market accounts, escrow deposit accounts, lockbox accounts, cash concentration accounts and other cash management products. Its personal deposit products include checking accounts, money market accounts and certificates of deposit. The Bank also allows its personal and business deposit clients to access their accounts, transfer funds, pay bills and perform other account functions over the Internet and through ATM machines. As of December 31, 2011, it main! tained ap! proximately 78,000 deposit accounts representing $11.70 billion in client deposits, excluding brokered deposits.
Insurance Services
The Bank offers its business and private clients an array of individual and group insurance products, including health, life, disability and long-term care insurance products through its subsidiary, Signature Securities. The Bank does not underwrite insurance policies. It only acts as an agent in offering insurance products and services underwritten by insurers.
Advisors' Opinion: - [By Ben Levisohn]
Each month, Credit Suisse’s small-cap strategists ask the firm’s analyst to name their favorite small- and mid-cap stocks. This month, six new stocks made the list: RPM International (RPM), SunCoke Energy (SXC), Zions Bancorp (ZION), Signature Bank (SBNY), Edwards Lifesciences (EW) and�Rexnord (RXN).