The Defense Security Cooperation Agency notified Congress (link opens a PDF) Tuesday of plans to sell the Saudi Arabian military a fleet of 30 armed, Mark V patrol boats.
The proposed sale, which includes spare parts, training services, logistical support, and 32 cannons firing 27mm rounds, is valued at a total price of $1.2 billion. No primary contractor has yet been identified for the sale, but small, privately owned boat-builders such as United States Marine, Halter Marine, and Hodgdon Yachts have been known to build such boats for U.S. and foreign buyers in the past. The Mark V is an aluminum boat also used by U.S. Navy SEALs.
The DSCA justifies the sale by noting that the "Mark V patrol boats will give the Royal Saudi Naval Forces (RSNF) an effective combat and threat deterrent capability to protect maritime infrastructure in the Saudi littorals. This acquisition will enhance the stability and security operations for boundaries and territorial areas encompassing the Saudi Arabian coastline [and] will enhance interoperability between the U.S. and the Kingdom of Saudi Arabia."
Best Chemical Stocks To Buy Right Now: Macquarie Infrastructure Company LLC (MIC)
Macquarie Infrastructure Company LLC (MIC) owns, operates and invests in a diversified group of infrastructure businesses that provide basic services, such as chilled water for building cooling and gas utility services to businesses and individuals primarily in the United States. The businesses it owns and operates include individual segments with three of them grouped as the Energy-Related Businesses. Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is its Manager, is part of the Macquarie Group, consisting of Macquarie Group Limited and its subsidiaries and affiliates worldwide. On August 31, 2011, Atlantic Aviation acquired the assets of the FBOs at the Portland International and Eugene airports in Oregon (together referred to as Flightcraft).
The Energy-Related Businesses include a 50% interest in a bulk liquid storage terminal business (International Matex Tank Terminals (IMTT)), that provides bulk liquid storage and handling services at ten marine terminals in the United States and two in Canada and is a participant in this industry in the United States, based on storage capacity; a gas processing and distribution business (The Gas Company), that is the only full-service gas energy company in Hawaii, and a 50.01% controlling interest in a district energy business (District Energy), which operates a district cooling system in the United States, serving various customers in Chicago, Illinois and Las Vegas, Nevada. Atlantic Aviation is an airport services business providing products and services, including fuel and aircraft hangaring/parking, to owners and operators of general aviation aircraft at 65 airports in the United States.
Energy-Related Businesses
MIC owns 50% of IMTT. The remaining 50% is owned by a trust for the benefit of members of the founding family. IMTT stores and handles petroleum products, various chemicals, renewable fuels and vegetable and animal oils. IMTT is an independent provider of bulk liquid storage terminal services i! n the United States, based on capacity. IMTT also owns OMI Environmental Solutions (Oil Mop), which is an environmental emergency responses, industrial services, waste transportation and disposal business. Oil Mop has a network of facilities along the United States Gulf Coast between Houston and New Orleans. These facilities primarily service the Gulf region, but also respond to spill events and provides services as needed throughout the United States and internationally. The 16 million barrel storage terminal at Bayonne, New Jersey has the most storage capacity of any IMTT site.
NYH serves as the main petroleum trading hub in the northeast United States and the physical delivery point for the gasoline and heating oil futures contracts traded on New York Mercantile Exchange (NYMEX). In addition to waterborne shipments, products reach NYH through petroleum product pipelines from the United States Gulf region and elsewhere. NYH also serves as the starting point for refined product pipelines linked to inland markets and as a key port for refined petroleum product exports. IMTT-Bayonne has connections to the Colonial, Buckeye and Harbor refined petroleum product pipelines, as well as rail and road connections. As of December 31, 2011, on the lower Mississippi River, IMTT operated four terminals (St. Rose, Gretna, Avondale and Geismar). With combined storage capacity of 18.9 million barrels, the four sites give IMTT substantial market share in storage for black oil, bulk liquid chemicals, and vegetable oils on the lower Mississippi River.
The Gas Company is Hawaii�� only government franchised full-service gas company, manufacturing and distributing gas products and services in Hawaii. The market includes Hawaii�� approximately 1.4 million residents and approximately 7.3 million visitors, during the year ended December 31, 2011. The Gas Company manufactures synthetic natural gas (SNG) for its utility customers on Oahu, and distributes Liquefied Petroleum Gas (LPG) to utility and ! non-utili! ty customers throughout the state�� six primary islands. The Gas Company has two primary businesses, utility (or regulated) and non-utility (or unregulated). The utility business serves approximately 35,300 customers through localized pipeline distribution systems located on the islands of Oahu, Hawaii, Maui, Kauai, Molokai and Lanai. Over 90% of these customers are on Oahu. The utility business includes the manufacture, distribution and sale of SNG on the island of Oahu and distribution and sale of LPG. Utility revenue consists principally of sales of SNG and LPG.
The non-utility business sells and distributes LPG to approximately 33,400 customers. LPG is delivered by truck to individual tanks located on customer sites on Oahu, Hawaii, Maui, Kauai, Molokai and Lanai. Non-utility revenue is generated primarily from the sale of LPG delivered to customers. SNG and LPG have a number of commercial and residential applications, including water heating, drying, cooking, emergency power generation and decorative lighting, such as tiki torches. LPG is also used as a fuel for specialty vehicles, such as forklifts. Gas customers include residential customers and a range of commercial, hospitality, military, public sector and wholesale customers. SNG is delivered by underground piping systems to customers on Oahu. LPG is transported in cylinders or tanks.
District Energy operates district cooling system in the United States. As of December 31, 2011, the system served approximately 100 customers in downtown Chicago and one customer outside the downtown area under long-term contracts. District Energy produces chilled water at five plants located in downtown Chicago and distributes it through a closed loop of underground piping for use in the air conditioning systems of large commercial, retail and residential buildings in the central business district. District Energy also owns a site-specific heating and cooling plant that serves a single customer in Chicago outside the downtown area. Th! is plant ! has the capacity to produce 4,900 tons of cooling and 58 million British Thermal Units of heating per hour. District Energy�� Las Vegas operation owns and operates a stand-alone facility that provides cold and hot water (for chilling and heating, respectively) to three customers in Las Vegas, Nevada. These customers consist of a resort and casino, a condominium.
Aviation-Related Business
Atlantic Aviation operates FBOs at 65 airports in the United States. Atlantic Aviation�� FBOs provide fueling and fuel-related services, aircraft parking and hangar services to owners/operators of jet aircraft, primarily in the general aviation sector of the air transportation industry, but also commercial, military, freight and government aviation customers. Other services include de-icing, aircraft parking, hangar rental and catering. Fuel is stored in fuel tank farms and each FBO operates refueling vehicles owned or leased by the FBO. The FBO either owns or has access to the fuel storage tanks to support its fueling activities. At some of Atlantic Aviation�� locations, services are also provided to commercial carriers. These may include refueling from the carrier�� own fuel supplies stored in the carrier�� fuel farm, de-icing and/or ground and ramp handling services.
The Company competes with Bahamas Oil Refining Company International Limited; Buckeye Partners, L.P.; Enterprise Products Partners L.P.; Houston Fuel Oil Terminal Company; Kinder Morgan Energy Partners, L.P.; Magellan Midstream Partners, L.P.; NuStar Energy L.P.; Oiltanking Partners, L.P.; Plains All American Pipeline, L.P.; Royal Vopak N.V.; Sunoco Logistics Partners L.P.; TransMontaigne Partners L.P.; Vitol Holding B.V.; Westway Group, Inc.; Alinda Capital Partners LLC; ArcLight Capital Partners; Challenger Infrastructure Fund; First Reserve Corporation, Global Infrastructure Partners, Signature Flight Support, Landmark Aviation and Million Air.
Advisors' Opinion:- [By Garrett Cook]
Macquarie Infrastructure Company LLC (NYSE: MIC) shares shot up 10.72 percent to $67.73 after the company agreed to acquire the remaining 50% of International-Matex Tank Terminals for $910 million in cash and $115 million in newly issued stock. It also raised its quarterly dividend from $0.9375 to $0.95 per share.
- [By Eddie Staley]
Macquarie Infrastructure Company LLC (NYSE: MIC) shares shot up 11.59 percent to $68.26 after the company agreed to acquire the remaining 50% of International-Matex Tank Terminals for $910 million in cash and $115 million in newly issued stock. It also raised its quarterly dividend from $0.9375 to $0.95 per share.
Hot Integrated Utility Stocks To Own Right Now: Nuveen Insured California Premium Income Municipal Fund II In (NCL)
Norwegian Cruise Line Holdings Ltd., through its subsidiaries, operates as a cruise line operator, offering cruise experiences for travelers with various itineraries in North America, the Mediterranean, the Baltic, Central America, Bermuda, and the Caribbean. The company offers cruises ranging in length from 1 day to 3 weeks. As of December 31, 2012, it operated 11 ships offering cruises in Alaska, the Bahamas, Bermuda, the Caribbean, Europe, Hawaii, Mexico, New England, Central and South America, North Africa, and Scandinavia. The company was formerly known as NCL Corporation Ltd. and changed its name on January 24, 2013. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is headquartered in Miami, Florida.
Advisors' Opinion:- [By Rick Munarriz]
Royal Caribbean,�NCL (NYSE: NCL ) , and ship spa services provider Steiner Leisure (NASDAQ: STNR ) all hit new 52-week highs earlier this month. Unlike Carnival (NYSE: CCL ) -- which has been sluggish in light of several mishaps at sea since last year -- everyone seemed to view the negative instances as Carnival-specific events. Now Royal Caribbean's fire may lead folks to question booking on any cruise line in the near future.
- [By Rick Munarriz]
Carnival stock is trading closer to its 52-week low than its high, and the same can't be said of rivals Royal Caribbean (NYSE: RCL ) and NCL (NYSE: NCL ) .�
Hot Integrated Utility Stocks To Own Right Now: NCI Building Systems Inc. (NCS)
NCI Building Systems, Inc. engages in the manufacture and marketing of metal products primarily for the nonresidential construction industry in North America. The company�s Metal Coil Coating segment involved in cleaning, treating, and painting various flat rolled metal coil materials, as well as in slitting and/or embossing the metal, before the steel is fabricated for use by various construction and industrial users. It also cleans, treats, and coats hot-rolled and light gauge metal coils for third parties for various applications, such as construction products, heating and air conditioning systems, water heaters, lighting fixtures, ceiling grids, office furniture, appliances, and other products; and provides toll coating services and painted metal package. This segment serves manufacturers of engineered building systems and metal components, as well as steel mills, metal service centers, and painted coil distributors. NCI Building Systems, Inc.�s Metal Components segm ent designs, engineers, manufactures, and markets metal components, including metal roof and wall systems, metal partitions, metal trims, doors, and other related accessories for construction, repair and retrofit, architectural, and engineered building system applications. It sells metal components directly to regional manufacturers, contractors, subcontractors, distributors, lumberyards, co-operative buying groups, and other customers. This segment also manufactures roll-up doors; and sells interior and exterior walk doors for use in self storage industry, and metal and other buildings. The company�s Engineered Building Systems segment offers engineered building systems and self-storage building systems for commercial, industrial, agricultural, governmental, and community markets. This segment sells its products to builders, general contractors, developers, private label companies, and end users through an in-house sales force. The company was founded in 1984 and is headqu artered in Houston, Texas.
Advisors' Opinion:- [By John Udovich]
Small cap building materials stock NCI Building Systems Inc (NYSE: NCS) fell yesterday after announcing a share offering plus its investors have (so-far) missed out on any ��ecovery��in construction���meaning it might be time to take a closer look at the stock along with potential performance benchmarks like the PowerShares Dynamic Building & Construction ETF (NYSEARCA: PKB) and the First Trust ISE Global Engineering and Construction Index Fund ETF (NYSEARCA: FLM)���both of which have had decent returns in recent years.
- [By Ben Levisohn]
NCI Building Systems (NCS) has dropped 17% to $10.00 after the close after reporting a loss 19 cents, far worse than analyst forecasts for a 3 cent loss.
Hot Integrated Utility Stocks To Own Right Now: NMI Holdings Inc (NMIHZ)
NMI Holdings, Inc. (NMIH), incorporated on May 19, 2011, is a development-stage company. The Company through its subsidiaries provides private mortgage insurance in the United States. The Company�� wholly owned subsidiaries include National Mortgage Insurance Corporation and National Mortgage Reinsurance Inc One.
On April 24, 2012, NMI Holdings, Inc. (NMI) closed an agreement with MAC Financial Ltd. to acquire MAC Financial Holdings Corporation and its wholly owned subsidiaries. On September 30, 2013, the Company merged MAC Financial Holding Corporation into NMIH, with NMIH surviving the merger, and it merged NMRI Two into NMIC, with NMIC surviving the merger.
Advisors' Opinion:- [By Zachary Tracer]
NMI Holdings Inc. (NMIHZ), a mortgage insurer backed by funds tied to Carlyle Group LP (CG) and Kyle Bass, filed to sell shares in an initial public offering as investors bet on a housing-market rebound.
Hot Integrated Utility Stocks To Own Right Now: Acasti Pharma Inc (ACST)
Acasti Pharma Inc. (Acasti) is engaged in developing a product portfolio of long-chain omega-3 phospholipids. Acasti is a majority owned subsidiary of Neptune Technologies and Bioressources Inc. (Neptune). The Company has one operating segment: the development and commercialization of pharmaceutical applications of its licensed rights for cardiovascular diseases. The Company�� product portfolio includes concentrated phospholipids which functionalize eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Acasti is the producer of anti-dyslipidemic prescription drugs (CaPre), medical foods (Onemia) and over-the-counter (OTC) products (Vectos). During the fiscal year ended February 28, 2011 (fiscal 2011), the Company has completed the development and launched medical food, Onemia. Advisors' Opinion:- [By James E. Brumley]
What do Acasti Pharma Inc. (NASDAQ:ACST), Kandi Technologies Group Inc. (NASDAQ:KNDI), and Amarantus Bioscience Holdings, Inc. (OTCBB:AMBS) have in common? Not a lot, if you're simply looking at their business lines. Kandi Technologies Group makes electric cars, and even though Amarantus Bioscience Holdings and Acasti Pharma are both in the pharmaceutical arena, they're not too much alike. There is one common element among AMBS, ACST, and KNDI right now, however... they're three of the market's most bullish setups. Anyone looking for a new trading idea here should start with one of these three.
Hot Integrated Utility Stocks To Own Right Now: Harris Corporation (HRS)
Harris Corporation, together with its subsidiaries, operates as a communications and information technology company that serves government and commercial markets worldwide. It operates in three segments: RF Communications, Government Communications Systems, and Broadcast Communications. The RF Communications segment designs, develops, and manufactures secure radio communications products and systems for manpack, handheld, soldier-worn, vehicular, strategic fixed-site, and shipboard applications that operate in various radio frequency bands. It also offers products and solutions ranging from wireless network infrastructure solutions to portable and mobile single-band and multiband radios, and public safety-grade broadband video and data solutions for the public safety, federal, utility, commercial, and transportation markets. The Government Communications Systems segment develops, supplies, and integrates communications and information processing products, systems, and netw orks for aerospace, terrestrial, and maritime applications supporting department of defense missions. This segment also provides mission-critical communications and information processing systems for the U.S. civilian Federal market, as well as offers IT transformation, managed, and information assurance solutions. The Broadcast Communications segment provides workflow, infrastructure, and networking solutions that enable media companies to streamline workflow from production through transmission; media solutions to manage digital media workflow through software solutions for advertising, media management, digital signage, broadband, digital asset management, and play-out automation; and transmission systems for delivery of media over wireless broadcast terrestrial networks. The company also offers healthcare IT solutions, IT compliance solutions, and mission-critical managed satellite communications services. Harris Corporation was founded in 1895 and is based in Melbourne, Florida.
Advisors' Opinion:- [By Rich Smith]
The U.S. Department of Defense awarded nine new contracts on Monday worth some $1.121 billion in aggregate. The largest of these awards, however, swallowed more than 85% of the funds on offer. Split among five publicly traded companies, and one privately owned, this monster IT contract envisions paying out $960 million over the course of time to contractors:
Lockheed Martin (NYSE: LMT ) Raytheon (NYSE: RTN ) Harris� (NYSE: HRS ) L-3 Communications (NYSE: LLL ) TYBRIN Corp., a subsidiary of Jacobs Engineering Group (NYSE: JEC ) SRA InternationalThe multiple award, indefinite- delivery/indefinite-quantity (IDIQ) contract was awarded under the U.S. Air Force's Network-Centric Solutions-2 (NETCENTS-2) Application Services program, which the Air Force describes as being one of its primary vehicles for purchasing "sustainment, migration, integration, training, help desk support, testing and operational support" services. Over the course of the contract, the six named contactors will be the only ones entitled to bid (against each other) for task orders awarded under the umbrella IDIQ contract.
- [By Wallace Witkowski]
Some of the companies most dependent on government for revenue are Harris Corp. (HRS) �with 80% of revenue government-derived; Granite Construction Inc. (GVA) �with 58%; Flir Systems Inc. (FLIR) �with 54%; and Waste Management Inc. (WM) � and Republic Services Inc. (RSG) �both with 50%, according to Goldman Sachs.
Hot Integrated Utility Stocks To Own Right Now: Marine Products Corp (MPX)
Marine Products Corporation (Marine Products), incorporated on August 31, 2000, designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht and sport fishing markets. The Company sells its products to a network of 135 domestic and 69 international independent authorized dealers. The Company focuses to remain a manufacturer of recreational powerboats for sale to a range of consumers globally. The Company manufactures Chaparral sterndrive and inboard-powered pleasure boats including H2O Sport and Fish & Ski boats, SSi and SSX Sportboats, Sunesta Sportdecks and Xtreme Tow boats, Signature Cruisers, Premiere Sport Yachts and Robalo outboard sport fishing boats. The Company offers a range of products to the family recreational, cruiser and sport yacht markets through its Chaparral brand, and to the sport fishing market through its Robalo brand.
The Company's products include Chaparral - H2O Sport Series, which is a fiberglass multipurpose runabouts; Chaparral - SSi Wide tech, which is a fiberglass closed deck runabouts; Chaparral - SSX Sportdecks, which is a fiberglass bowrider crossover sportboats; Chaparral - Sunesta Xtreme Tow Boats, which is a fiberglass pleasure boats; Chaparral - Signature Cruisers, which is a fiberglass, accommodation-focused cruisers; Chaparral - Premiere Sport Yacht, which is a fiberglass sport yacht, and Robalo - Sport Fishing Boats, which is a sport fishing boats for freshwater lakes or saltwater use. Domestic sales are made through approximately 74 Chaparral dealers, 16 Robalo dealers and 45 dealers that sell both brands located in markets throughout the United States. Marine Products also has 69 international dealers.
The Company competes with Sea Hunt, Sea Fox, Grady-White, Boston Whaler, Everglades and Parker.
Advisors' Opinion:- [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 Marine Products (NYSE: MPX ) , whose recent revenue and earnings are plotted below. - [By Sean Williams]
Sink or swim
Sometimes the best short-sale opportunities are small, under-the-radar companies. One that I feel fits the bill perfectly is fiberglass boat maker Marine Products (NYSE: MPX ) .
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