On March 4, Mario Gabelli (Trades, Portfolio), the chairman and chief executive officer of GAMCO Investors Inc. added Griffon Corporation (GFF) at an average price of $12.61 and currently holds 6,752,733 shares of the stock, worth 0.01% of his portfolio.
So let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity in the building products industry, which is a cyclical one and driven by the overall health of the U.S. economy.
Positive Outlook
The company is a diversified manufacturer of building products, electronic information and communication systems, and specialty plastic films. It has three segments: Home and Building Products; which manufactures and markets residential, commercial and industrial garage doors through Clopay Building Products, and provides non-powered landscaping products through Ames True Temper Inc.
Top 10 Life Sciences Companies To Buy For 2015: Pacific Coast Oil Trust (ROYT)
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC) to own interests in the Underlying Properties. As of December 31, 2011, the Underlying Properties consisted of the proved developed reserves on the Underlying Properties, which it refers to as the Developed Properties, and all other development potential on the Underlying Properties, which it refers to as the Remaining Properties. The Underlying Properties are located in California in the Santa Maria and Los Angeles Basins. PCEC produces oil and natural gas from its Orcutt properties in the Santa Maria Basin. The production in the Orcutt oilfield is produced from formations utilizing conventional production methods.
PCEC is engaged in the production and development of oil and natural gas from properties located in California. As of December 31, 2011, PCEC held interests in approximately 276 gross (215 net) producing wells, and had proved reserves of approximately 34.1 million barrels of oil equivalent. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC�� Orcutt properties, and the Los Angeles Basin, which contains PCEC�� West Pico, East Coyote and Sawtelle properties. As of December 31, 2011, there were 37 producing wells and six waterflood injection wells in the West Pico Unit. West Pico also includes three wells held by the Stocker JV, a joint venture between PCEC and PXP.
Advisors' Opinion:- [By Robert Rapier]
We do follow them, but generally don�� like the risk/reward ratio for most MLP investors. I have had some conversations with investors who were chasing the 12-14% yields on these trusts without really appreciating the underlying risks. As you note,�Pacific Coast Oil Trust�(NYSE: ROYT) is near its 52-week low after declining by 25% over the past year. Those high yields provide little consolation given that sort of downside risk.
- [By Rich Duprey]
Perpetual royalty trust�Pacific Coast Oil Trust (NYSE: ROYT ) announced yesterday its July distribution of $0.15721�per unit. The amount of the trust's monthly distributions will fluctuate depending on the proceeds it receives from its owner, Pacific Coast Energy, as a result of actual production volumes, oil and gas prices, and development expenses.� The current distribution relates to net profits and overriding royalties generated during May 2013.
- [By Jake L'Ecuyer]
Pacific Coast Oil Trust (NYSE: ROYT) down, falling 7.13 percent to $16.70 after the company priced a public offering by Pacific Coast Energy Company LP and other selling unitholders of 13,500,000 trust units at a price of $17.10 per unit.
Top 10 Building Product Stocks To Own Right Now: Leidos Holdings Inc (LDOS)
Leidos Holdings, Inc. (Leidos), incorporated on August 12, 2005, is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc., which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets. The Company�� segments include Health and Engineering and National Security Solutions. On September 27, 2013, Leidos completed the separation of its technical services and enterprise information technology services business into an independent, publicly traded company named Science Applications International Corporation.
The Company�� National Security Solutions segment provides solutions and systems for air, land, sea, space and cyberspace for the United States intelligence community, the DoD, the military services and the United States Department of Homeland Security. Its solutions deliver technology, intelligence systems, data analytics, cyber solutions, and intelligence analysis and operations support to critical missions around the world. The Company�� Health and Engineering segment provides health systems integration services to implement and optimize the use of electronic health records, apply data analytics and behavioral health research to help enable customers to improve healthcare quality and patient outcomes, detect and prevent diseases, enhance scientific discovery, and reduce costs to the healthcare system. Leidos also provides engineering services and solutions focused on solving energy, environmental and infrastructure challenges. These include solutions in energy generation! , efficiency and management, environmental services, securing critical infrastructure, and designing and building construction projects.
Advisors' Opinion:- [By Steve Symington]
What:�Shares of�Leidos Holdings,� (NYSE: LDOS ) �or formerly�Science Applications International�-- fell more than 18% Thursday after the national security, health, and engineering solutions company turned in better-than-expected fiscal 2014 fourth-quarter results, but followed with disappointing guidance and announced the departure of its Chief Operating Officer.
Top 10 Building Product Stocks To Own Right Now: Lennox International Inc (LII)
Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. Its products and services are sold through multiple distribution channels under brand names, including Lennox, Armstrong Air, Ducane, Bohn, Larkin, Advanced Distributor Products, Service Experts and others. The Company operates in four segments: Residential Heating & Cooling, Commercial Heating & Cooling, Service Experts, and Refrigeration. On January 14, 2011, the Company acquired Kysor/Warren business from The Manitowoc Company. Kysor/Warren is a manufacturer of refrigerated systems and display cases for supermarkets throughout North America and is included in its Refrigeration Segment. In April 2012, it sold its Lennox Hearth Products business to Comvest Investment Partners IV.
Residential Heating & Cooling
The Company manufactures and markets a range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, and accessories. These products are available in a range of designs, and at a range of price points, and provide a range of home comfort systems. Its advanced distributor products (ADP) operation builds evaporator coils and air handlers under the Advanced Distributor Products brand, as well as the Lennox, brand. ADP sells their own ADP branded evaporator coils to HVAC distribution, comprising over 400 wholesale distributors across North America, as well as, a range of evaporator coils for Allied Air Enterprise.
The Company�� hearth products include factory-built gas, wood-burning and electric fireplaces; free standing wood-burning, pellet and gas stoves; wood-burning, pellet and gas fireplace inserts; gas logs, venting products and accessories. Its fireplaces are built with a blower or fan option. It markets its hearth products under the Lennox, Superior, Country Collection and Security Chimneys brand names.
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The Company competes with United Technologies Corp., Goodman Global, Inc., Ingersoll-Rand plc, Paloma Co., Ltd., Johnson Controls, Inc., Daiken, Nordyne, HNI Corporation and Monessen Hearth Company.
Commercial Heating & Cooling
In North America, the Company manufactures and sells unitary heating and cooling equipment used in light commercial applications, such as low-rise office buildings, restaurants, retail centers, churches and schools. Its product offerings for these applications include rooftop units ranging from 2 to 50 tons of cooling capacity and split system/air handler combinations, which range from 1.5 to 20 tons of cooling capacity. These products are distributed through commercial contractors and directly to national account customers.
In Europe, the Company manufactures and sells unitary products, which range from 2 to 70 tons of cooling capacity, and applied systems with up to 200 tons of cooling capacity. Its European products consist of small package units, rooftop units, chillers, air handlers and fan coils, which serve medium-rise commercial buildings, shopping malls, other retail and entertainment buildings, institutional applications and other field-engineered applications. It manufactures heating and cooling products in several locations in Europe and markets these products through both direct and indirect distribution channels in Europe, Russia, Turkey and the Middle East.
The Company competes with United Technologies Corp., Ingersoll-Rand plc, Johnson Controls, Inc., AAON, Inc. and Daikin Industries, Ltd.
Service Experts
The Company sells a range of its manufactured equipment, parts and supplies, and third-party branded products. It also has Lennox National Account Services business, which is providing service and preventive maintenance to commercial national account customers. It uses a portfolio of management procedures and practices, including standards for customer service, common informa! tion tech! nology systems and financial controls, a national accounting center and an inventory management program.
The Company competes with Direct Energy, Sears and American Residential Services.
Refrigeration
The Company manufactures and markets equipment for the global commercial refrigeration markets under the Heatcraft Worldwide Refrigeration name. It sells these products to distributors, installing contractors, engineering design firms, original equipment manufacturers and end-users. Its commercial refrigeration products for the North American market include condensing units, unit coolers, fluid coolers, air-cooled condensers, compressor racks and air handlers. These products are sold for refrigeration applications to preserve food and other perishables, and are used by supermarkets, convenience stores, restaurants, refrigerated warehouses and distribution centers. As part of the sale of commercial refrigeration products, it provides application engineering for consulting engineers, contractors and others. It also sells products for non-food and various industry applications, such as telecommunications, dehumidification and medical applications.
In international markets, the Company manufactures and markets refrigeration products, including condensing units, unit coolers, air-cooled condensers, fluid coolers, compressor racks and industrial process chillers. The Company has manufacturing locations in Germany, France, Brazil and China. In Australia and New Zealand, it is a wholesale distribution business serving the refrigeration and HVAC industry. It also owns a 50% interest in a joint venture in Mexico, which produces unit coolers, air-cooled condensers, condensing units and compressor racks. It also owns an 8% stock interest in a manufacturer in Thailand, which produces compressors for use in its products and for other HVACR customers.
The Company competes with Hussman Corporation, Emerson Electric Co., United Technologies Corp., GEA Group,! Alfa Lav! al and Sanyo Electric Co., Ltd.
Advisors' Opinion:- [By Monica Gerson]
Lennox International (NYSE: LII) is projected to report its Q3 earnings at $1.28 per share on revenue of $877.87 million.
ManpowerGroup (NYSE: MAN) is expected to report its Q3 earnings at $1.08 per share on revenue of $5.08 billion.
Top 10 Building Product Stocks To Own Right Now: Banco Santiago S.A.(SAN)
Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile. The company offers time and demand deposits, checking accounts, and debit card accounts, as well as savings products; and peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines. Its loan portfolio comprises consumer loans, auto loans, residential mortgage loans, mutual funds, foreign trade financing, mortgage loans, and commercial loans. The company also provides factoring, credit cards, cash management, treasury services, short?term financing and funding, interest rate and foreign currency derivatives, and securitization services. Further, it offers various financial services, including leasing, financial leasing, financial advisory, mutual fund management, securities brokerage, insurance brokerage, and investment management services. As of December 31, 2010, the company had a branch network of 504 branches. Banco Santander-Chile was founded in 1977 and is headquartered in Santiago, Chile.
Advisors' Opinion:- [By Selena Maranjian]
Among holdings in which Fisher Asset Management increased its stake were AbbVie�and PetSmart. Fisher reduced its stake in lots of companies, including Banco Santander (NYSE: SAN ) and National Oilwell Varco (NYSE: NOV ) . Banco Santander yields 9.4%, beaten down by Europe's woes. Unappreciated by many, though, is its heavy involvement in Latin America, where it benefits from faster growth rates. The bank's most recent quarter improved on results from the previous quarter. Its stock valuation could be more compelling, but it does offer a huge yield.
- [By Maynard Paton]
LONDON --�Shares of�Banco Santander (LSE: BNC ) (NYSE: SAN ) �dropped 7 pence to 469 pence during early London trade this morning despite the bank saying it expected to maintain its dividend at 0.60 euros per share for 2013.
- [By Dan Burrows]
Grupo Financiero Santander Mexico (BSMX) is the Mexican arm of Banco Santander (SAN), the sprawling Spanish bank. Like its parent, BSMX is having a tough time. BSMX plans to issue $1.18 in dividends in the next 52 weeks, which would be a yield of 11.4%, based on current prices. But even that isn’t enough to make up for the troubles it’s facing.
- [By Selena Maranjian]
Spain-based Banco Santander (NYSE: SAN ) gained 12% and recently yielded 9.3% as well. It has been hurt by troubles in Europe, but the company actually does a lot of its business in Latin America, where it benefits from faster economic growth rates, such as Brazil's. It may be a while before all its operating regions are healthy, but while investors wait, they can collect a hefty payout -- which, even if halved, would still be significant. Some value-oriented investors see it as undervalued as well.
Top 10 Building Product Stocks To Own Right Now: PriceSmart Inc.(PSMT)
PriceSmart, Inc. owns and operates membership shopping warehouse clubs in the United States, Latin America, and the Caribbean. Its warehouse clubs sell perishable foods and consumer goods at low prices to individuals and businesses, as well as offers ancillary services, which include food courts, tire centers, and photo centers. The company operates its warehouse clubs under the brand name of PriceSmart. As of August 31, 2011, it operated 29 warehouse clubs in 12 countries and 1 U.S. territory, including 5 in Costa Rica, 4 each in Panama and Trinidad, 3 each in Guatemala and in the Dominican Republic, 2 each in El Salvador and Honduras, and 1 each in Colombia, Aruba, Barbados, Jamaica, Nicaragua, and the United States Virgin Islands. PriceSmart, Inc. was founded in 1994 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Seth Jayson]
PriceSmart (Nasdaq: PSMT ) is expected to report Q3 earnings on July 10. 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 PriceSmart's revenues will grow 13.1% and EPS will grow 25.0%. - [By Paul Ausick]
Among major retailers, December same-store sales are expected to rise sharply at PriceMart Inc. (NASDAQ: PSMT). Sales rose 13.7% in December a year ago and are forecast to rise another 6% this month. PriceMart�� fiscal year ends in August, and its fiscal 2014 first quarter ended in November. The company is expected to post results on January 9, and the consensus analysts’ estimate calls for earnings per share (EPS) of $0.75 on revenues of around $609 million. All the good news is already priced into the stock though, and both its forward multiple and its consensus price target indicate the stock is overbought.
Top 10 Building Product Stocks To Own Right Now: EMC Insurance Group Inc. (EMCI)
EMC Insurance Group Inc., an insurance holding company, engages in property and casualty insurance, and reinsurance activities. It operates in two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment writes commercial and personal lines of insurance with a focus on medium-sized commercial accounts. Its commercial lines of insurance products comprise automobile, property, workers� compensation, and liability, as well as other products that provide protection against burglary and theft loss, aircraft, marine, and other types of losses; and personal lines of insurance products include automobile, property, and liability. The Reinsurance segment provides reinsurance for other insurers and reinsurers. The company serves small to medium-sized businesses, institutions, and individual consumers. EMC Insurance Group Inc. sells its products through independent insurance agents. The company was founded in 1974 and is headquartered i n Des Moines, Iowa. EMC Insurance Group Inc. is a subsidiary of Employers Mutual Casualty Company.
Advisors' Opinion:- [By Caroline Bennett]
EMC Insurance (NASDAQ: EMCI ) this week declared plans to keep its quarterly dividend payout steady at $0.21 per share of common stock.
Top 10 Building Product Stocks To Own Right Now: Oxygen Biotherapeutics Inc.(OXBT)
Oxygen Biotherapeutics, Inc., a development stage company, engages in developing biotechnology products that deliver oxygen to target tissues in the body in the United States. The company primarily offers Oxycyte, a perfluorcarbon (PFC) based oil in water emulsion that carries oxygen and is been formulated for intravenous delivery for the treatment of traumatic brain injury, spinal cord injury, and decompression sickness; and other PFC-based oxygen carriers for use in personal care, topical wound healing, and other topical indications. It also provides Dermacyte line of topical cosmetic products that promote the appearance of skin health and other cosmetic benefits; and Wundecyte, a wound-healing gel. It markets its Dermacyte line of products through buydermacyte.com; and to dermatologists and medical spas with a combination of in-house sales, independent sales agents, and distributors. The company was formerly known as Synthetic Blood International, Inc. and changed its n ame to Oxygen Biotherapeutics, Inc. in June 2008. Oxygen Biotherapeutics, Inc. was founded in 1967 and is based in Morrisville, North Carolina.
Advisors' Opinion:- [By Paul Ausick]
Stocks on the Move: GT Advanced Technologies Inc. (NASDAQ: GTAT) is up 20.5% at $10.10 after earnings and signing deal to supply Apple Inc. (NASDAQ: AAPL) with sapphire glass. Marvell Technology Group Ltd. (NASDAQ: MRVL) is up 8.5% at $13.03 following reports of an investment by KKR & Co. (NYSE: KKR). Oxygen Biotherapeutics Inc. (NASDAQ: OXBT) is up 62.7% at $8.38 along with other biotech stocks making big moves today.
- [By John Udovich]
Yesterday, small cap Oxygen Biotherapeutics, Inc (NASDAQ: OXBT) surged 87.33% to $2.81 after published results showed that its levosimendan was associated with reduced mortality, meaning its probably time to do a reality check about the stock as well as look at its performance against that of industry benchmarks like the iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and SPDR S&P Biotech ETF (NYSEARCA: XBI).
- [By Bryan Murphy]
To say that Oxygen Biotherapeutics, Inc. (NASDAQ:OXBT) has made its presence known over the past three weeks would be an understatement. It would be more accurate and fairer to say OXBT been an "in your face" kind of name that you couldn't look past even if you wanted to. Rather than continue to sidestep it, care to stop, invest two minutes of time, and get the Q&D version of what's really going on here? If so, read on.
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