With shares of Corning (NYSE:GLW) trading around $19, is GLW an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let�� analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s MovementCorning produces and sells specialty glasses, ceramics, and related materials worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has launched Corning Lotus Glass, an environmentally friendly display glass for organic LED and LCD displays that are used in portable devices such as smartphones, tablets, and notebook computers. Smart phones, tablets, notebook computers, and related materials are seeing explosive growth in developed and developing countries around the world.
An executive from Corning�took the stage at the Morgan Stanley Technology, Media, and Telecom Conference on Tuesday to say that the company�� Gorilla Glass is a better material to be used in consumer electronics than sapphire crystals. Rumors have been swirling that Apple (NASDAQ:AAPL) is planning to switch to sapphire for the display in the next iPhone, as the company has recently purchased a sapphire manufacturing plant in Arizona to make the scratch-resistant material.�Tony Tripeny, a senior vice president at Corning, spoke to analysts about the sapphire issue at the conference.
Best Railroad Stocks To Buy Right Now: Semtech Corporation(SMTC)
Semtech Corporation, together with its subsidiaries, designs, produces, and markets analog and mixed-signal semiconductor products. The company?s product lines include protection products comprising filter and termination devices that provide protection for electronic systems from voltage spikes; power management products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, and charge pumps; and discrete semiconductor products, such as rectifiers, assemblies, and other products. It also offers wired communication, ultra-high speed Serializer/Deserializer, and modulator driver products that perform timing, synchronization, and amplification functions in high-speed networks; chips and transceivers for short reach, metro, and long haul applications; and high performance transceivers for datacenter applications. In addition, the company provides wireless and sensing products that perform radio frequency functions in indust rial, medical, and networking applications; and sensing functions in industrial and consumer applications. It serves original equipment manufacturers and their subcontractors in the computing, communications, consumer, and industrial end-markets directly, and through independent distributors and sales representative firms in North America, the Asia Pacific, and Europe. Semtech Corporation was founded in 1960 and is headquartered in Camarillo, California.
Advisors' Opinion:- [By Jayson Derrick]
After the market close yesterday, Semtech (NASDAQ: SMTC) lowered its fourth quarter guidance. The company sees revenue in a $120 million to $130 million range from a previous $132 million to $144 million range. EPS was lowered to a $0.18 to $0.24 range from a previous $0.29 to $0.37 range. Management blamed the lowered guidance on ��ngoing delays in carrier capex spending��Analysts at Oppenheimer downgraded shares to Perform from Outperform while Raymond James downgraded shares to Outperform from Strong Buy. Williams Financial also downgraded shares to Hold from Buy with a $27 price target, lowered from a previous $32. The analysts share similar beliefs that the company is showing no near-term growth drivers. Shares hit new 52 week lows of $22.57 before closing at $24.67, down 12.11 percent.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Semtech (NASDAQ: SMTC) were down 11.763 percent to $24.77 on lowered forecast. Raymond James downgraded the stock from Strong Buy to Outperform. - [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Semtech (Nasdaq: SMTC ) .
- [By Lauren Pollock]
Semtech Corp.'s(SMTC) fiscal third-quarter profit slid 25% as the chip manufacturer posted a double-digit drop in revenue and slightly weaker gross margins.
Top 10 Life Sciences Companies For 2014: Discovery Laboratories Inc.(DSCO)
Discovery Laboratories, Inc., a biotechnology company, focuses on developing products for the treatment of respiratory disease. The company?s product pipeline includes Surfaxin, a synthetic, peptide-containing surfactant that has completed Phase-III pivotal trial for the prevention of respiratory distress syndrome (RDS) in premature infants; Surfaxin LS, a lyophilized dosage form of Surfaxin in Phase-III clinical trials, which enhances ease of use for healthcare practitioners; and AEROSURF, a drug-device combination product that has completed first pilot Phase II clinical study of aerosolized KL4 surfactant for the prevention of RDS in premature infants. It has license agreements with Philip Morris USA Inc.; Philip Morris Products S.A.; Johnson & Johnson; and Ortho Pharmaceutical Corporation for its capillary aerosolization and KL4 surfactant technologies. The company also has a strategic alliance with Laboratorios del Dr. Esteve, S.A. for the development, marketing, and sale of a portfolio of potential KL4 surfactant products in Andorra, Greece, Italy, Portugal, and Spain. Discovery Laboratories, Inc. was founded in 1992 and is headquartered in Warrington, Pennsylvania.
Advisors' Opinion:- [By David Williamson]
In this video, Fool health-care analyst David Williamson discusses Discovery Labs (NASDAQ: DSCO ) , as it struggles with yet another delay to its drug Surfaxin. Shares are down 15% on news that the FDA has requested Surfaxin product specifications and a new analytical chemistry method. It took the company an unbelievable five attempts to finally get this drug approved a year ago. David tells investors when they might expect the delays to end, and what the key things to watch with Discovery Labs will be in the meantime, as the company continues to lose out on sales and burn cash.
- [By Eric Volkman]
Discovery Laboratories (NASDAQ: DSCO ) is turning its focus to raising capital. The company will float 9.5 million shares of its common stock in an underwritten public offering. The price is $1.50 per share. Additionally, its underwriter has been granted a 30-day purchase option for up to an additional 1.425 million shares to cover overallotments, if any.
Top 10 Life Sciences Companies For 2014: Bar Harbor Bankshares (BHB)
Bar Harbor Bankshares (BHB), incorporated on January 19, 1984, is a bank holding company. The Company has one wholly owned operating subsidiary, Bar Harbor Bank & Trust (the Bank), which offers a range of deposit, loan, and related banking products, as well as brokerage services provided, through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services, through its subsidiary, Bar Harbor Trust Services (Trust Services), a trust company. These products and services are offered to individuals, businesses, not-for-profit organizations and municipalities. In August 2012, the Company announced that its principal subsidiary, Bar Harbor Bank & Trust, acquired Border Trust Company (Border Trust), a subsidiary of Border Bancshares, Inc.
Bar Harbor Bank & Trust
The Bank has 12 branch offices located throughout downeast and midcoast Maine, including its principal office in Bar Harbor. The Bank�� offices are located in Hancock, Washington and Knox Counties, representing the Bank�� principal market areas. The Hancock County offices, in addition to Bar Harbor, are located in Blue Hill, Deer Isle, Ellsworth, Northeast Harbor, Somesville, Southwest Harbor, and Winter Harbor. The Washington County offices are located in Milbridge, Machias, and Lubec. The Knox County office is located in Rockland. The Bank delivers its operations and technology support services from its operations center located in Ellsworth, Maine.
The Bank is a retail bank serving individual and business customers, retail establishments and restaurants, seasonal lodging, biological research laboratories, and a contingent of retirees. As a coastal bank, it serves the tourism, hospitality, lobstering, fishing, boat building and marine services industries. It also serves Maine�� wild blueberry industry through its Hancock and Washington County offices. The Bank operates in a market that includes other community banks, savings institutions, credit unions, a! nd branch offices of statewide and interstate bank holding companies located in the Bank�� market area.
The Bank offers a variety of consumer financial products and services. The Bank�� retail deposit products and services include checking accounts, interest bearing negotiable order of withdrawal (NOW) accounts, money market accounts, savings accounts, club accounts, short-term and long-term certificates of deposit, health savings accounts and individual retirement accounts. Credit products and services include home mortgages, residential construction loans, home equity loans and lines of credit, credit cards, installment loans, and overdraft protection services. The Bank provides secured and unsecured installment loans for new or used automobiles, boats, recreational vehicles, mobile homes and other personal needs. The Bank also offers other customary products and services, such as safe deposit box rentals, wire transfers, check collection services, foreign currency exchange, money orders, and United States Savings Bonds redemptions.
The Bank retains Infinex Investments, Inc., (Infinex) as a third-party broker-dealer, conducting business business name Bar Harbor Financial Services. Bar Harbor Financial Services is a branch office of Infinex, an independent registered broker-dealer offering securities and insurance products that is not affiliated with the Company or its subsidiaries. Bar Harbor Financial Services principally serves the brokerage needs of individuals, including first-time purchasers and investors. It also offers a line of life insurance, annuity, and retirement products, as well as financial planning services. The Bank offers Internet banking services, including free check images and electronic bill payment, through its Website at www.BHBT.com. Additionally, the Bank offers TeleDirect, an interactive voice response system, through which customers can check account balances and activity, as well as initiate money transfers between their accounts. Automated te! ller mach! ines (ATMs) are located at each of the Bank�� 12 branch locations, as well as two machines in non-Bank locations. The Bank is also a member of Maine Cash Access, providing customers with surcharge-free access to 217 ATMs throughout the state of Maine. Visa debit cards are also offered, providing customers with free access to their deposit account balances at point of sale locations worldwide.
The Bank serves the small business market throughout downeast and midcoast Maine. It offers business loans to individuals, partnerships, corporations, and other business entities for capital construction, real estate and equipment financing, working capital, real estate development, and a range of other business purposes. Business loans are provided primarily to organizations and sole proprietors in the tourism, hospitality, healthcare, blueberry, boatbuilding, and fishing industries, as well as to other small and mid-size businesses associated with coastal communities.
The Bank offers a variety of commercial deposit accounts, including business checking and tiered money market accounts. These accounts are typically used as operating accounts or short-term savings vehicles. The Bank�� cash management services provide business customers with short-term investment opportunities through a cash management sweep program, whereby excess operating funds over established thresholds are swept into overnight securities sold under agreements to repurchase. The Bank also offers Business On Line Direct (BOLD), an Internet banking service for businesses. This service allows business clients to view their account histories, print statements, view check images, order stop payments, transfer funds between accounts, transmit automated clearing house (ACH) files, and order both domestic and foreign wire transfers. The Bank also offers remote deposit capture, enabling its business customers to deposit checks remotely. Other commercial banking services include merchant credit card processing provided throu! gh a thir! d party vendor, night depository, and coin and currency handling.
Bar Harbor Trust Services
Trust Services provides a range of trust and investment management services to individuals, businesses, not-for-profit organizations, and municipalities. Trust Services serves as trustee of both living trusts and trusts under wills, including revocable and irrevocable, charitable remainder and testamentary trusts, and in this capacity holds, accounts for and manages financial assets, real estate and special assets. Trust Services offers custody, estate settlement, and fiduciary tax services. Additionally, Trust Services offers employee benefit trust services, for which it acts as trustee, custodian, administrator and/or investment advisor, for employee benefit plans and for corporate, self employed, municipal and not-for-profit employers located throughout the Company�� market areas. As of December 31, 2011, Trust Services served 758 client accounts.
Advisors' Opinion:- [By Marc Bastow]
Bar Harbor, Maine based bank holding company Bar Harbor Bankshares (BHB) raised its quarterly dividend 1.6% to 32 cents per share, payable on Dec. 13 to shareholders of record as of Nov. 15. The increase marks the 10th consecutive quarter of dividend increases.
BHB Dividend Yield:�3.39%
Top 10 Life Sciences Companies For 2014: Bank of Nova Scotia (BNS)
The Bank of Nova Scotia (the Bank) is a diversified financial institution. As of October 31, 2011, the Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 18.6 million customers in more than 50 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. In January 2012, the Company closed its acquisition of 51% of Banco Colpatria. In April 2012, the Company through Scotia Capital Inc. acquired Howard Weil Incorporated. In April 2013, Bank of Nova Scotia acquired a 50% interest in Administradora de Fondos de Pensiones Horizonte SA. Advisors' Opinion:- [By Laura Brodbeck]
Friday
Earnings Expected From: Big Lots, Inc. (NYSE: BIG), Bank of Nova Scotia (NYSE: BNS), American Eagle Outfitters (NYSE: AEO) Economic Releases Expected:�French trade balance, Swiss CPI, US non-farm payrolls, US unemployment ratePosted-In: Bank Of England European Central Bank Mario DraghiEurozone Commodities Previews Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas Best of Benzinga
- [By Tim Gallagher]
Mosaic (MOS), Agrium (AGU), Intrepid Potash (IPI) and CF Industries (CF) have been moving and trading hand-in-hand, with AGU, BHP and Rentech Nitrogen Partners LP (RNF) trading the best, losing the least and rebounding the most since July 30th. IPI has sold off a lot more in the post-news period, as would be expected from a smaller, less established company with mine projects still in development. BHP Billiton Ltd. (BHP) announced plans to proceed with its Jansen Mine Project in Saskatchewan, Canada, potentially tapping the largest and longest-lasting supply in the world known at this time. Scotiabank (BNS) recently commented on Jansen, stating that the added supply "could add the equivalent of 18%-20% of the potash market over recent years." Nearly all of the companies mentioned have had a pretty predictable mix of upgrades and downgrades. That's what makes a market.
Top 10 Life Sciences Companies For 2014: Twin Disc Incorporated(TWIN)
Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment. The company?s product portfolio includes marine transmissions, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems. It sells its products to customers primarily in the pleasure craft, commercial, and military marine markets, as well as in the energy and natural resources, government, and industrial markets through direct sales force and distributor network worldwide. Twin Disc, Incorporated was founded in 1918 and is headquartered in Racine, Wisconsin.
Advisors' Opinion:- [By Eric Volkman]
It was chief executive election time at Twin Disc (NASDAQ: TWIN ) , with a familiar name emerging as the winner. The company's board of directors has chosen John Batten to be its new CEO and president, effective Nov. 1. Batten replaces his father, Michael, who is to retire effective Dec. 31. The elder Batten will continue to serve in his present capacity as board chairman.
Top 10 Life Sciences Companies For 2014: Ram Resources Ltd (RMR)
Ram Resources Limited is an Australia-based company. The Company is engaged in exploration of mineral properties in Greenland and Western Australia. The Company�� Motzfeld Project is located in South Greenland, some 24 kilometers from the town of Narsarsuaq and comprises exploration licences 2010/46 and 2011/24. The Company holds 51% interest in the Motzfeldt project. The Romney (EL 2010/46) located in the Lejrelev Valley about 3.5 kilometers to the west of the Aries prospect. The Merino forms a steep-sided ridge at the north-eastern end of this valley, about 2.5 kilometers to the north-north-west of Aries. The Company�� Voskop Prospect is located within Exploration Licence 2011/24 in the Storeelv Valley about 7 kilometers to the northwest of the Company�� Aries target. The Drysdale Prospect is located on top of a broad ridge about 7.5 kilometers southeast of Aries and at an elevation of about 1,600 meter. Advisors' Opinion:- [By Chris DeMuth Jr.]
To use a recent REIT example, take CommonWealth REIT. This is a large well established REIT that is valued in the market with one of the lowest multiples of FFO in the industry. The reason the company trades at a multiple roughly half its competitors, in my opinion, is the poorly aligned management incentive structure. The management of CommonWealth is contracted to an external management firm, Reit Management Research (RMR). Many of the trustees of CommonWeath are owners of RMR and serve on both boards. RMR is primarily compensated by growing CWH's assets which are under RMR's management, not on stock price, FFO, or anything else that is closely aligned to generating shareholder returns. This has the perverse effect of motivating them to issue lots of equity and buy lots of buildings irrespective of the value add to CommonWealth shareholders. Neither the management company nor its employees have a significant amount of their income based on the performance of CommonWealth's stock price. This has resulted in an activist, Corvex Capital, buying a significant position in the company and taking action to replace the board and the management team. The proxy advisory firm, ISS, has sided with the activist and recommended that shareholders vote out the current trustees. ISS notes, "Between 2007-2012 …while the CommonWealth management team increased assets by 198% of period-ending market cap - driving a significant increase in fees payable to management - Commonwealth's share price - the measure of value appreciation for shareholders - fell by 68%." This is the poster child of misaligned management incentives.
Top 10 Life Sciences Companies For 2014: Continental Gold Ltd (CGOOF.PK)
Continental Gold Limited is an exploration-stage company. The Company is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in Colombia. The Company holds the rights to explore and develop six properties in Colombia totaling approximately 122,317 hectares. The Buritica project encompasses an aggregate area of 57,588 hectares and is located about 75 kilometers northwest of Medellin in the Antioquia Department of north-western Colombia. The Berlin project covers an aggregate area of 25,059 hectares. The project area is located 90 kilometers north of Medellin in the Antioquia Department. The Dominical project encompasses an aggregate area of 24,327 hectares and is located in southern Colombia in the Cauca Department. The project area is consists of four registered concessions totaling 5,590 hectares, five pending registration concessions totaling 3,426 hectares and 10 concession applications covering 15,311 hectares. Advisors' Opinion:- [By Markus Aarnio]
Other gold miners that have seen intensive insider buying during the past four months include St. Andrew Goldfields (STADF.PK), Continental Gold (CGOOF.PK), Kinross (KGC) and Agnico-Eagle Mines (AEM).
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