Coal India Limited (CIL), in its annual general meeting (AGM) held on September 18, 2012, sought the approval of its shareholders to pass an enabling resolution to amend its Articles of Association. The special resolution was sought in order to facilitate a potential buy back of its shares. Not surprisingly, the resolution was passed with more than 75% shareholders voting for the resolution. The minority shareholders did not have much say in the matter, given that by Government of India holds 90% in CIL. The amendment was proposed in accordance with a directive from the Department of Public Enterprises and was approved by the Board of the Company on May 28, 2012.
Similar was the case with companies such as NTPC, SAIL and NMDC, which passed similar resolutions in their AGMs between September 18, 2012 and September 21, 2012. The buy backs are aimed at providing an indirect way for the majority shareholder in these companies, the Government of India, to meet its fund raising targets in order to bring down the fiscal deficit.
Top Forestry Stocks To Own For 2015: Veolia Environnement(VE)
Veolia Environnement S.A., together with its subsidiaries, provides environmental management services to individuals, public authorities, and industrial and commercial services customers worldwide. It operates in four segments: Water, Environmental Services, Energy Services, and Transportation. The Water segment offers water and wastewater services, including the management and operation of large-scale and customized drinking water plants, wastewater decontamination and recycling plants, drinking water distribution networks, and wastewater collection networks; and provision of call centers and billing services. The Environmental Services segment provides waste management and logistical services, which include waste collection, waste processing, cleaning of public spaces, maintenance of production equipment, treatment of polluted soil, and management of waste discharge at industrial sites. The Energy Services segment offers a range of energy management services comprising o peration of heating and cooling networks, decentralized energy production, thermal and multi-technical services, industrial utilities, installation and maintenance of production equipment, integrated facilities management, and electrical services on public streets and roads; and provides heating systems maintenance services, plumbing and renewable energy services, and meter-reading services. The Transportation segment operates various bus networks, suburban trains, tramways, metros, and ferries, as well as offers customized transportation-on-demand services. This segment also provides intercity and regional passenger transportation, infrastructure management and airport services, and transportation management services. The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement S.A. in April 2003. Veolia Environnement S.A. was founded in 1853 and is headquartered in Paris, France.
Advisors' Opinion:- [By Sean Williams]
Another factor that easily puts Waste Management on top in the waste-collection sector is its dividend yield of 3.4%. The only company with a higher yield is global waste solutions company Veolia Environnement (NYSE: VE ) , with a 6.2% yield. However, Veolia also boats a higher debt-to-equity ratio than Waste Management, has unwanted exposure to European markets, and has lower overall margins relative to Waste Management. By comparison, Republic Services, Progressive Waste, and Waste Connections pay out a yield of 2.7%, 2.4% and 1%, respectively. Even better, Waste Management's payout has grown by an average annualized rate of 7.7% since 2004.
- [By Benjamin Shepherd]
The first is to focus on infrastructure companies that lay the groundwork for easier water access, such as France-based Veolia Environment (NYSE: VE).
Top Forestry Stocks To Own For 2015: PulteGroup Inc.(PHM)
PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. The company?s homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States; and the construction of housing on such lands. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb, and Centex brand names. As of December 31, 2011, its homebuilding operations offered homes for sale in approximately 700 communities. The company?s financial services business consists of mortgage banking and title operations. It arranges financing through the origination of mortgage loans for its homebuyers; sells such loans and related servicing rights; and provides title insurance policies as an agent, and examination and closing services to its home buyers. The company was formerly known as Pulte Homes, Inc. an d changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1956 and is headquartered in Bloomfield Hills, Michigan.
Advisors' Opinion:- [By John Maxfield]
The other sector that stands to be affected is homebuilders, the two largest of which are D.R. Horton (NYSE: DHI ) and PulteGroup (NYSE: PHM ) -- click here for a graphic of the five biggest homebuilders in America. Both of these companies have seen volumes pick up as of late. However, there's fear that rising mortgage rates could put a damper on that growth.
- [By Ben Levisohn]
Investors, however, are showing no signs of letting up on the risk taking. Want evidence? Just look at the top-performing stocks this week. Four of the top-five come from the materials sector, which could benefit from a stronger economy.�Cliffs Natural Resources (CLF), which rose 9.6% this week, Allegheny Technologies (ATI), which gained 7.7%, U.S. Steel (X), which advanced 7.7%, and Dow-exile Alcoa (AA), which finished the week up 7.6% They were joined by PulteGroup (PHM), which rose 7.8% after a delay of a Fannie Mae and Freddie Mac mortgage-fee hike was mooted.
- [By John Divine]
Understandably, homebuilders took a major hit today. The implication of the Fed's gradual tapering of quantitative easing efforts is higher rates in the long term, as the money supply stops expanding. Put simply, money will soon be harder to come by and, as lenders raise rates, it will become more difficult for homebuyers to finance real estate purchases. As a result, shares of residential construction giant PulteGroup (NYSE: PHM ) shed 9.1%.
- [By Sean Williams]
Finally, homebuilding stocks Lennar (NYSE: LEN ) and PulteGroup (NYSE: PHM ) both jumped notably higher following the aforementioned strong new-home sales data. Lennar managed to outdo PulteGroup by a hair -- 6.9% versus 6% -- but the thesis for the sector remains the same: Stronger home sales and less inventory will lead to higher selling prices and better homebuilding margins. If homebuilders can keep from flooding the market with supply they have a pretty decent shot at maintaining their pricing power. The question is, can they resist the temptation?
10 Best Value Stocks For 2015: PetMed Express Inc.(PETS)
PetMed Express, Inc., doing business as 1-800-PetMeds, operates a pet pharmacy in the United States. It markets non-prescription and prescription pet medications; and other health products for dogs and cats, as well as direct to consumers. The company?s non-prescription medications include flea and tick control products, bone and joint care products, vitamins and nutritional supplements, and hygiene products. Its prescription medications comprise heartworm preventatives; arthritis, thyroid, diabetes, and pain medications; antibiotics and other specialty medications; and generic substitutes. In addition, the company, through its Web site, 1800petmeds.com, sells beds, crates, stairs, strollers, and other pet supplies. PetMed Express offers its products under the Frontline Plus, K9 Advantix, Advantage, Heartgard Plus, Sentinel, Interceptor, Program, Revolution, Deramaxx, and Rimadyl brands. The company markets its products through national television, online, and direct mail /print advertising campaigns, as well as through telephone, catalogs, brochures, and postcards. It primarily serves retail customers. PetMed Express was founded in 1996 and is headquartered in Pompano Beach, Florida.
Advisors' Opinion:- [By Seth Jayson]
PetMed Express (Nasdaq: PETS ) is expected to report Q1 earnings around July 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PetMed Express's revenues will grow 1.3% and EPS will increase 10.0%.
Top Forestry Stocks To Own For 2015: Speedway Motorsports Inc.(TRK)
Speedway Motorsports, Inc., through its subsidiaries, operates as a promoter, marketer, and sponsor of motor sports activities in the United States. The company principally owns and operates Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Infineon Raceway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, and Texas Motor Speedway racing facilities. The company also provides souvenir merchandising services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it develops electronic media promotional programming; and distributes wholesale and retail racing, and other sports related souvenir merchandise and apparel. Further, the company manufactures and distributes smaller-scale, modified racing cars and parts; and produces and sells an environmentally-friendly micro-lubricant. Speedway Motorsports has a joint venture with International Speedway Corporat ion to produce, market, and sell licensed motorsports collectible and consumer products, primarily trackside event souvenir merchandising. The company was founded in 1959 and is based in Concord, North Carolina.
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 Speedway Motorsports (NYSE: TRK ) , whose recent revenue and earnings are plotted below.
Top Forestry Stocks To Own For 2015: Convergys Corporation (CVG)
Convergys Corporation provides relationship management solutions in North America and internationally. Its Customer Management segment offers agent-assisted, self-service, and intelligent technology care solutions, including customer service, customer retention, sales, technical support, social interaction, collections management, back office, business-to-business, customer experience applied analytics, and intelligent interaction solutions for communications, financial services, technology, retail, healthcare, and government markets. This segment also provides premise-based and hosted automated self-care and technology solutions; speech recognition solutions; and license, professional, consulting and maintenance, and software support services. Convergys Corporation was founded in 1998 and is headquartered in Cincinnati, Ohio.
Advisors' Opinion:- [By Jake L'Ecuyer]
Convergys (NYSE: CVG) was also up, gaining 12.44 percent to $23.46 after the company announced its plans to acquire Stream Global Services for $820 million in cash. Convergys also reaffirmed its outlook for 2013.
- [By Wallace Witkowski]
Convergys (CVG) �shares surged 20% to $25 on light volume after the customer management firm announced it will acquire Stream Global Services Inc. for a total enterprise value of $820 million in cash. The acquisition should add about 35 cents a share to Convergys earnings excluding one-time costs, the company said.
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