Intelligrated and FKI Logistex Announce Strategic Combination, Creating an Industry Leader in Automated Material Handling Systems
CINCINNATI, OH--(Marketwire - May 28, 2009) - Intelligrated and FKI Logistex Group Limited
today announced the signing of a definitive agreement to combine the two
businesses, creating the leader in automated material handling systems and
services. Under terms of the agreement, Intelligrated will purchase the FKI
Logistex operations located in North and South America from Melrose plc
(
Trilliant Incorporated Delivers True Broadband to the Smart Grid With Acquisition of SkyPilot Networks
Pioneering Smart Grid Company Becomes First to Offer 100% High Bandwidth Coverage
Fronteer (FRG): Cooper, gold & uranium
"Certain commodities are getting hot again; both copper and gold have the wind at their backs in this market, while uranium has also caught our attention," says Brandon Clay.
In his Invest with an Edge, he explains, "One such company that should gain from a spike in gold, uranium, and copper is Vancouver-based Fronteer Development Group (NYSE: FRG).
"Uranium is a perennially despised substance with a back story in catastrophe, espionage, protests, and nuclear fallout.
"But this sometimes-sordid history may prove too weak an objection for the outstanding potential in uranium. The substance may hold enough promise to fuel transportation, lighting, and cell phones for generations. The cost/benefit analysis is changing.
"Chernobyl was 23 years ago. Three Mile Island was 30 years ago. Since then, scientists have made giant strides toward safe nuclear energy. Times have changed with carbon emissions hearings and coal mining accidents.
"US nuclear submarines have been running for 60 years without a fatal nuclear accident. The newest nuclear reactors are pollution-free. Even Dr. Patrick Moore, founder of Greenpeace is on the side of nuclear power. Nuclear energy is now clean.
"The favorable economics of nuclear power is another reason for optimism. There are 44 reactors under construction, 110 more in the planning stages, and another 272 proposed.
"One company that should gain from a spike in gold, uranium, and copper. Vancouver-based Fronteer Development Group is looking to capitalize in the mining sector.
"A large portfolio of gold, copper, and uranium projects in Nevada, Canada, and now Turkey has propelled FRG to a $300 million market capitalization.
"It's not a huge company in the sector, but it is significant. They're sitting on $175 million in cash or cash equivalents. Fronteer's fundamentals are strong.
"Like most companies, FRG fell as the market collapsed. Once a $14 stock, FRG declined to penny stock range. However, unlike the market, its low was in November. Since then, it has been building a base of support. FRG is currently in a trading range in a short-term uptrend.
"We think there's room for FRG to move to $4 and beyond because of underlying activity in the commodities market. If gold and copper continue to move upward and uranium rises from demand in the energy market, FRG is a home run.
"You don't get a chance to jump on these very often. Take it while it's here. To gain in a rising commodities market, go with mining darling FRG."
Dividend Detective: Search for income
What are the best buys among dividend-paying issues? In his Dividend Detective newsletter, Harry Domash focuses on for income-generating ideas for long-term investors.
Here, the advisor reviews some of his latest buys among master limited partnerships, preferreds and yield-oriented closed-end funds.
"Among energy partnerships, we're adding two new picks to the portfolio with a buy rating.
"First, NuStar Energy (NYSE: NS), currently yielding 8.4%, operates crude oil and refined product pipelines and associated facilities.
"NuStar recently acquired asphalt refining and terminal facilities, a business that's expected to boom once the government supported highway construction projects kick in.
"In addition, we are recommending propane distributor Suburban Propane Partners (NYSE: SPH). The stock is a relatively steady low-risk pick, currently yielding 8.3%.
"Among preferred stocks we are recommending two holdings issued by two financially solid utilities to the portfolio, one yielding 8.2% to new money, and the other 7.8%.
"FPL Group is an expansion minded electric utility headquartered in Florida. In March, FPL issued non-cumulative preferreds (FPL- series F), paying 8.75%. Issued at $25, the shares, trading at $26.75, are still yielding a hefty 8.2%. They are callable in March 2014 at $25.
"South Carolina Electric & Gas is a wholly owned subsidiary of SCANA, a natural gas and electric utility serving Georgia and South Carolina. The 6.52% cumulative preferreds (SCEGH) issued at $100, now trading at $83, offer 20% upside potential, and are yielding 7.8% to new buyers.
"In our closed-end fund portfolio, we're adding the John Hancock Patriot Premium Fund II (NYSE: PDT) to the portfolio. The fund holds a mixture of common and preferred shares, but it has recently increased its weighting of preferreds.
"It can hold shares from any industry but it overweights utilities. The fund pays monthly and raised its payout by 14.5% in January 2009 and by another 10% on May 1."
Non-U.S. Banks
We believe that banks in stable emerging economies, such as Chile, Brazil or India, may be more attractive investments. Our Buys are ITU, SAN and HDB.CEMIG S.A. (CIG)
We are keeping our Buy recommendation on Companhia Energetica de Minas Gerais, or CEMIG (<a href=http://www.zacks.com/stock/quote/cig>CIG</a>). Although the company posted lower-than-expected results for the first quarter of 2009, those results were impacted by a few non-recurring items. <p> However, the short-to-medium term outlook remains promising as demand for electricity in Brazil keeps growing. Despite the global credit crunch, we still have a reasonably positive outlook for the Brazilian economy in the short term. <p> Finally, CEMIG has a solid dividend payout, and we believe that the stock is quite undervalued compared to other international electric utilities.Motorola, Inc. (MOT)
While we maintain our Sell rating for Motorola (<a href=http://www.zacks.com/stock/quote/mot>MOT</a>), we have adjusted our valuation target higher based on current market conditions. MOT is a leading manufacturer of mobile handsets, network infrastructure, and cable products. <p> Revenue in the last reported quarter was significantly below our estimates due to continued weakness of the mobile handset sales. We are not convinced that a turnaround will take place without a major restructuring initiative as the company is exposed to lingering economic headwinds, lower overall worldwide demand for its handsets, a lack of high-end competitive PDA wireless devices, and reduced visibility for near-term revenue improvement. <p> However, stringent cost control measures taken by the management and development of new smart-phone devices are some initial positive indicators that will be monitored for longer-term rating consideration.Skousen: Ag and tech in China
"Asia is booming again, and one industry that is growing like wildfire is 'green' tech in China," says Mark Skousen. In The Turnaround Alert, he eyes China Green Agriculture (AMEX: CGA)."
"Urban population and demand for energy is exploding, causing pollution and a reduction in per capita arable land to feed 1.4 billion Chinese.
"One way to profit is to buy China Green Agriculture, one of the fastest-growing agricultural technology companies in China.
"Through its subsidiary Shaanxi TechTeam Jinong Humic Acid Product Co. Ltd., it produces and distributes 119 different organic fertilizer products throughout 27 provinces in China.
"Revenues doubled last year to $32 million, and earnings exploded 132% to $11.4 million. With a profit margin exceeding 35%, China Green is red hot, and is likely to continue growing rapidly.
"It doesn’t hurt that the CEO Tao Li is a high government official, serving as vice chairman of the China Green Food Association of the Ministry of Agriculture.
"The small cap stock traded as high as $33 a share when it first came out, and is now more reasonably priced.
"Still, it’s selling for only eight times next year’s earnings, and has a price-earnings to growth (PEG) ratio of only 0.31 (the lower a PEG number, the better)."
Avaya Announces New Initiatives for Mid-Size Contact Center Market
Company Acquires Agile Software NZ Limited; New Avaya Contact Center Express 4.0 Solution Launches With Greater Functionality and Streamlined Simplicity
Flanders Corporation Acquired Assets From Wildwood Industries, Inc.
WASHINGTON, NC--(Marketwire - May 27, 2009) - Flanders Corporation (
Flanders Corporation's Chairman, president and CEO Harry Smith said: "As reported, during our first quarter conference call, our business is quite solid and we are well positioned as we head into our busy summer season. We intend to opportunistically add capacity to service our growing customer base and believe this acquisition strengthens Flanders as the largest U.S. producer of air filtration products. With our expertise, we expect to effectively leverage these assets and add value to our company."