The problem with global warming, climate change or whatever you want to call it is that the earths environment is under constant change for a variety of factors. Number one is probably sun spots, but also the tilt of the earth's axis is not uniform over time.
The real takeaway is we need to be stewards of the environment. I am all for cleaning up the air, to minimize various lung and allergy problems; however, it needs to be done in a way that does not create huge jumps in the cost of electric power. Most of the folks against fracking and other energy extraction are dupes or dopes depending on what you wnat to call them and have absolutely no clue as to what is going on.
You make the mistake of all inexperienced investors of trying to predict future prices based on the most recent past. Stock prices are based on one's forecast of future cash flows. Since CMI has managed to keep it's margins high in spite of the past 5 years, any tail wind will sned this stock substantially higher. The tail wind that is brewing is low commodity prices. From the bottom in 2009 to early this year we experienced a cyclical bull market; however, once we clearly broke out past the old trding range high of around 14500, we have entered the secular bull market territory. All great secular bulls are prefaced by lower commodity prices (energy, metals, forestry, agriculture - all across the board). The two great secular bull markets in the 20th Centry started in 1952 & 1982 and each followed the end of commodity bull markets. Each over their spans of from 16 - 18 years saw huge run ups. We appear to be entering that phase now and cyclicals like CMI have the most to gain.
Simple. Today the stock market is a couple thousand points higher than 2000, being range bound for 13 - 14 years resulting from a vicious bull market in commodities. In spite of these head winds, Boeing and it's bad management has manged to do a 3.6 bagger (up 3.6 times when the market is basically flat.) So even though the company is quite large it has managed all this while most other companies have gotten their brains beaten in.
Oh, and by the way, commodity prices are abating across the board. The last time this happened the market went form under 900 in the summer of 1982 to over 14,000. I would expect Boeing to make a huge move over the next several years.
Huge volume. Around 1:30PM, volume is over 7.3 million shares, whereas 2.0 million is a normal day. The last news on the 16th concerning an executive retirement is of little consequence since nothing happened immediately Maybe there is a rumor floating that has not been reported or some large institution buying in.
I hit a triple in this stock about 5 points back. I sold 1/3 of my position so I have all of my money out and still have a good stake in 3D printing technology. I owned the shares in a traditional IRA. My Roth holds shale oil stocks which I have held for over 5 years and have no plans to sell those. I know a lot more about oil and energy investments than 3D printing. that is why I continue to hold those.
This is always a tough call when you are up big time and the company is trading at a huge premium to the market. On the other hand a stock like Colgate, which my wife worked for many years ago, we have continuosly held since we were married in 1971, lightening up in the 1990's to pay college tuition.
Think about how big the cell phone market was back in 1990 with the clunky box. Didn't take long for major technological changes in the hand set and the service took off. Think the same thing with home 3D printers. Cell phones also started with business use and then spread to consumers..
The question is - does CMI really need WPRT?? Does their own R&D out develop WPRT? WPRT is a $1 billion market cap company. Even offering 50% does not make it a huge acquisition. Cummins is in the process of buying back a lot of their US sales and service franchises because they see that business as a huge winner. CMI has the cash flow and at the lower end of their desired debt load. Even with the down economy CMI has tremendous cash flow because they have been able to right size the business and keep margins high. Price and financing are not an issue. Does WPRT have technology that CMI cannot develop themslves?
BISMARCK, N.D.--(BUSINESS WIRE)--
MDU Resources Group, Inc. (MDU) today increased its earnings guidance for 2013. Adjusted earnings per share for 2013 is now projected in the range of $1.45 to $1.50, an increase from prior guidance of $1.35 to $1.45. GAAP earnings guidance is in the same range and includes discontinued operations, an unrealized commodity derivatives gain and a natural gas gathering asset impairment.
"We have had a strong year," said David L. Goodin, president and CEO of MDU Resources. "With the strength of our results in October and November and our current estimate for December, we felt it was important to provide an update of how we are seeing 2013. We experienced good construction weather in the northern tier states of operation in October and November allowing us to execute further into the season on our higher construction materials backlog. In December, as expected, we have seen a slowdown in construction because of colder weather. However, the colder weather is resulting in higher natural gas and electric sales at our utility, demonstrating the strength of our diversification. Construction services, including its equipment sales and rental business, also is seeing continued solid performance. These improved results from our construction and utility businesses have more than offset the effects of wider basis differentials in key E&P production areas like the Bakken."
On Dec. 11 Standard & Poor’s affirmed a BBB+ corporate credit rating and stable outlook for MDU Resources.
The company plans to provide year-end earnings results for 2013 and to initiate 2014 guidance in early February.
Two reasons: 1. In general the large oil & gas companies have been out of favor with really poor earnings growth. 2. OXY in particular was run as an individual fiefdom by the former Chairman, with little reason for most of what they did. They owned way too much property, much of which would take years to develop and on top of that they were poor operators, wasting lots of CAPEX in drilling.
OXY is now in the restructuring mode, but it is not easy to undo years of mismanagement. I think the institutional investors are waiting to see what the outcome of the restructuring will be.
PRYOR, Okla., Nov. 25, 2013 /PRNewswire/ -- Orchids Paper Products Company (NYSE MKT: TIS) today announced its plans to invest $30.4MM to upgrade its paper making and converting assets in Pryor, Oklahoma.
The paper mill project will replace two existing paper machines and start-up in approximately 20 months. The new paper machine will be supplied by Recard, S.p.A, providing the following advantages:
Improved quality and manufacturing flexibility. The new paper machine will be capable of producing a broader range of paper grades that are utilized in value and premium tier products. It will replace two paper machines that produce paper utilized only in value tier products. This provides greater flexibility to the operation and allows for maximizing production output across all paper machines.
Increased capacity and lower production costs. The project is expected to increase the annual capacity of Orchids' paper mill from 57,000 tons to over 70,000 tons. Completion of the project will provide Orchids with sufficient paper to produce approximately 11 million cases of converted products annually. The new machine offers higher production rates and improved energy efficiency, thereby resulting in significantly lower production costs than the two machines being replaced.
Return to the shareholders. The combination of lower production costs and increased capacity is expected to increase annual EBITDA by approximately $6 million to $8 million once the project is complete.
The converting line project is an upgrade to an existing asset and will improve manufacturing flexibility and capacity with a lower cost structure. This project is expected to be completed by the end of 2014 and to generate an additional annual EBITDA of $2.8 million to 3.4 million when fully utilized.
Mr. Jeff Schoen, the Company's President and Chief Executive Officer, said, "Orchids is implementing an "upgrade and debottleneck" strategy that improves our manufacturing flexibility, capacity, a
Most of the volume was earlier in the day. There was some news about a new machine to help eye doctors, but it may have not been new info. After the 1st hour volume died until the Fed announcement. Based on price and volume after 2PM, it appears that investors that like this stock also liked the Bernake presser.
Regardless, I like ABT and think it is a great long term investment.
"Planned Resignation". What does that mean?? The stock has not got hammered, and usually when the CFO is canned for shanagans, the stock takes a quick bath. They obviously did not discuss this with us little guys; however, the institutions had to have been clued in as to why. CEO has only been there for 5 years. Maybe one of those corporates that dance form company to company.
VANCOUVER , Dec. 18, 2013 /CNW/ - Cummins Westport Inc. (CWI) today announced that Gordon Exel , Westport Vice President, Sales and Marketing, has been appointed as President of CWI effective January 1, 2014 for the final year of Westport's three year term to nominate the President.
"Gordon's experience with Cummins Westport and solid understanding of the customers and markets are key assets that will contribute to the ongoing success of Cummins Westport," said Ed Pence , Cummins Vice President and General Manager, High Horsepower Engine Business, and Chairman of CWI.
Gordon joined Westport in 2002 as Vice President and General Manager Americas for CWI and spent 10 successful years at CWI. In 2012, he moved to Westport's European office in Lyon France , as Vice President, Sales and Marketing. Previous to Westport, Gordon was a Vice President in the banking information technology industry following a career at Xerox where he progressed into his last role as General Manager Channels Business. He has an MBA in Digital Technology Management from Royal Roads University in Canada .
Jim Arthurs , current CWI President, will be returning to a senior leadership position at Westport.
On December 5, 2013 , the directors of CWI were elected for the 2014 term. Effective January 1, 2014 , the CWI board of directors will be comprised of Ed Pence , Cummins Vice President and General Manager, High Horsepower Engine Business (Chairman); Dean Cantrell , Cummins Automotive On Highway Business Controller; Ric Kleine , Cummins Vice President, On Highway Business; Ashoka Achuthan , Westport Vice President, Finance Operations; Jim Arthurs , former CWI President; and Thomas Rippon , Westport Vice President, Mining and Rail.
By Zacks Equity Research
December 12, 2013 10:00 AM
Airgas, Inc. (ARG) has announced an initiative for the expansion of its atmospheric gas production capacity in New England. Under the extension program, the company is planning to build the second air separation unit (:ASU) in Bozrah, Conn.
The market for atmospheric gases is expected to grow in New England. Airgas’ new ASU will help to meet the increased demand for merchant gases, particularly in the medical, laboratory, high-tech firms and food industries.
Airgas plans to operate the new plant alongside the existing one in Bozrah. The proposed plant will produce more than 600 tons of oxygen, nitrogen, and argon per day, adding to its current production capacity of 1,000 tons daily. The ASU is expected to begin production in the fall of 2015.
Dual production facilities will increase the security of Airgas’ supply of atmospheric gases. The company also purchases atmospheric gases under long-term supply contracts with other producers.
Airgas has 16 air separation plants globally and it is the fifth largest producer of atmospheric gases in North America. Last year, the company has commissioned the Tennessee plant which began production in May 2012. In addition, Airgas is also building a new ASU in Illinois, which is set to be on line in the summer of 2015.
Airgas posted adjusted earnings of $1.25 a share in second-quarter fiscal 2014 (ended Sep 30, 2013), up 19% year over year. The results marginally surpassed the Zacks Consensus Estimate of $1.23. Revenues also grew 4% year over year to $1.28 billion, beating the Zacks Consensus Estimate of $1.27 billion.
For fiscal 2014, Airgas lowered its earnings outlook to $4.85–$5.00 from its previous expectations of $5.00 to $5.15, reflecting 11% to 15% annual growth. The guidance is based on a reduction in year-over-year organic sales growth rate assumptions.
However, strong cash flow continues to be a benchmark for Airgas’ business model. Moreover, its focus on effe
Interesting question?? Is the $8.6 billion listed in Yahoo stats correct?? Let's assume it is. They just increased the dividend, so Jan 2014 will be the first payout. These large companies generally only increase the dividend one time per year. The dividend is only about 20% of 2014 consensus earnings estimate and probably a lot less of total cash flow. In fact, cash should be pilling up every quarter. The CAPEX budget is also not large, like you would find in a utility/pipeline/E&P company where they spend billions on CAPEX and drilling..
That really leaves 2 things. Buy back stock, which could be a strong possibility. However, usually a buy back would be announced at the same time as the dividend increase. There is a greater impact when the management is returns a bunch of value to them in one package. This leaves the possibility of an acquisition for cash, which would increase earnings from day one. Or multiple acquisitions. They already have multiple divisions and therefore I think they would be bolt on type purchases..
So what do you think "risus_"??????
Ethanol contains approx. 34% less energy per unit volume than gasoline, and therefore in theory, burning pure ethanol in a vehicle will result in a 34% reduction in miles per US gallon, given the same fuel economy, compared to burning pure gasoline. Therefore, the military would have to haul a lot more of this stuff around, which is a dumb idea. As trucks and eventually railroad locomotives move to using natural gas, we will have plenty of gasoline and diesel. Most of the "wacko" ideas actually screw up the whole supply chain.
Agricultural commodity prices have been on the decline because there is a lot more acreage planted. Starting in the late 1990's all commodities began to rise because of under investment during the 1980's - 1980's stock bull market. When prices began to rise, primarily from lack of demand, farmers started to plant more. In the mid West farm land has hit an all time high. Ethanol production only made things worse for corn. Supply is now out stripping demand. You give too much credence to congress. The natural ups and down swings in the commodity market dwarfs whatever impact the idiot in congress can have on these markets.