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The torrid rise in margin debt has everyone talking these days. Why? Bears take it as a sign that the the stock market is ripe for a correction. Barclays U.S. Equity Strategist Jonathan Glionna isn't waving a red flag. In our opinion, a sharp increase in the use of margin debt in relation to the size of the market is a warning sign, but the steady increase seen over the past five years is not…margin debt in relation to market capitalization has been steadily increasing since the early 1990s. We attribute this to greater participation from leveraged investors in the market during the past 25 years and believe it is a structural shift higher… Granted, he isn't expecting big returns anytime soon. Glionna's sees the S&P 500 rising at a pace in line with profit growth. That puts the index at 1,975 in 2014 and 2,100 in 2015, up 9% and 8% respectively. Looking for better returns? That will require better revenue growth, which Glionna calls "The missing ingredient." He writes: …the recent price increase of the S&P 500 has been justified by expanding margins, active share repurchases, and a reduction in systemic risk premiums, high revenue growth must emerge for the market to re-rate higher once again…top-line growth is poor. Sales growth has been less than 3% and we believe it will remain subdued because of weak domestic economic growth and an inability to restart last cycle's growth engine: international sales. The last time the S&P 500's price-to-sales ratio was higher than it is now, sales were growing at 7%. For the S&P 500, Glionna sees profit per share rising 7% this year to $107 and gaining another 8% in 2015 to $116. As for recommendations, Glionna is at Overweight on financials, energy, technology and industrials, but Underweight on consumer staples and health care.
Every year, Morningstar determines who gets their Fund Manager of the Year awards. We are happy that one fund from our mutual funds portfolio, and its manager, made the list for 2013, notes Genia Turanova in Leeb Income Performance Letter. Rated 5-stars, as well as ��old,��FPA Crescent (US:FPACX)—led by Steven Romick since 1993��asn�� been off the radar for Morningstar analysts and retail investors, who followed its strong performance and clear investment strategy for years. This is why assets under management ballooned: over the last ten years, assets in the fund jumped from $915 million in 2004 to $15.3 billion in 2013. But we are not worried. FPA Crescent�� investment style should be able to absorb these assets, as its management sees appropriate investment opportunities arise. Right now, though, the fund holds about 40% of its total assets in cash. Why? In short, the managers question the sustainability of the rally. ��quity values, as a percentage of GDP, are near their peaks. The only time they were higher was at the apex of the dot com bubble,��noted Steven Romick in the fourth quarter fund commentary. Tupperware Brands Corporation operates as a direct seller of various products across a range of brands and categories through an independent sales force. The company engages in the manufacture and sale of kitchen and home products, and beauty and personal care products. It offers preparation, storage, and serving solutions for the kitchen and home, as well as kitchen cookware and tools, children?s educational toys, microwave products, and gifts under the Tupperware brand name primarily in Europe, Africa, the Middle East, the Asia Pacific, and North America. The company provides beauty and personal care products, which include skin care products, cosmetics, bath and body care, toiletries, fragrances, nutritional products, apparel, and related products principally in Mexico, South Africa, the Philippines, Australia, and Uruguay. It offers beauty and personal care products under the Armand Dupree, Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo, and Swissgar de brand names. The company sells its Tupperware products directly to distributors, directors, managers, and dealers; and beauty products primarily through consultants and directors. As of December 26, 2009, the Tupperware distribution system had approximately 1,800 distributors, 61,300 managers, and 1.3 million dealers; and the sales force representing the Beauty businesses approximately 1.1 million. The company was formerly known as Tupperware Corporation and changed its name to Tupperware Brands Corporation in December 2005. The company was founded in 1996 and is headquartered in Orlando, Florida. Advisors' Opinion: - [By Oliver Pursche]
European large-cap pharmaceuticals like Novartis (NVS) �and Bristol Meyers Squibb (BMY) �count amongst some of our favorite stocks right now, as do U.S. multinationals that are growing revenue and margins in Asia ��Tupperware (TUP) �is a shining example. Stay away from utilities and energy stocks, as they are likely to be the laggards over the next year. - [By John Kell]
Among the companies with shares expected to actively trade in Wednesday’s session are Dow Chemical Co.(DOW), Tupperware Brands Corp.(TUP) and Yahoo Inc.(YHOO)
Top 10 Value Stocks To Buy For 2014: Dollar Tree Inc.(DLTR) Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise primarily at the fixed price of $1.00. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant, and Dollar Bills. Its stores offer consumable merchandise, including candy and food, and health and beauty care, as well as household consumables, such as paper, plastics, household chemicals, in select stores, and frozen and refrigerated food; variety merchandise, which includes toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods, such as Easter, Halloween, and Christmas merchandise. As of April 30, 2011, it operated 4,089 stores in 48 states and the District of Columbia, as well as 88 stores in Canada. The company was founded in 1986 and is based in Chesapeake, Virginia. Advisors' Opinion: - [By Laura Brodbeck]
Thursday Earnings Expected From: Salesforce.com (NYSE: CRM), Intuit (NASDAQ: INTU), Gap (NYSE: GPS), Dollar Tree (NASDAQ: DLTR), Hormel Foods (NYSE: HRL), Gamestop (NYSE: GME) Economic Releases Expected: U.S. existing home sales, eurozone consumer confidence, U.S. manufacturing PMI, British retail sales, eurozone manufacturing PMI, eurozone services PMI, German manufacturing PMI, German services PMI, French manufacturing PMI, French services PMI Friday - [By Jon C. Ogg]
Dollar Tree Inc. (NASDAQ: DLTR) was maintained as a Buy but was removed from the prized Conviction Buy list at Goldman Sachs. Duke Energy Corp. (NYSE: DUK) was raised to Buy from Hold with a $79 price target at Argus. - [By Victor Reklaitis]
Today�� movers & shakers: Retailers have dropped in the wake of disappointing quarterly results or outlooks. Target Corp. (TGT) �was down 4% after posting weaker margins and earnings at its U.S. business, while Dollar Tree Inc. (DLTR) �dropped 4% after its earnings fell in the third quarter. Read more in the Movers & Shakers column. - [By Lawrence Meyers]
This isn�� some growing new industry set to take the world further into the 21st century. It�� an old concept that hasn�� innovated, won�� innovate, and will slowly but surely die out over this century. When I walk into a Walgreens, I see a miniature Target (TGT), a more expensive Dollar Tree (DLTR), and a provider of prescriptions in a world where everything is becoming mail order.
Top 10 Value Stocks To Buy For 2014: Schlumberger N.V.(SLB) Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company?s Oilfield Services segment provides exploration and production services; wireline technology that offers open-hole and cased-hole services; supplies engineering support, directional-drilling, measurement-while-drilling, and logging-while-drilling services; and testing services. This segment also offers well services; supplies well completion services and equipment; artificial lift; data and consulting services; geo services; and information solutions, such as consulting, software, information management system, and IT infrastructure services that support oil and gas industry. Its WesternGeco segment provides reservoir imaging, monitoring, and development services; and operates data processing centers and multiclient seismic library. This segment also offers variou s services include 3D and time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects and reservoir management. The company?s M-I SWACO segment supplies drilling fluid systems to improve drilling performance; fluid systems and specialty tools to optimize wellbore productivity; production technology solutions to maximize production rates; and environmental solutions that manages waste volumes generated in drilling and production operations. Its Smith Oilfield segment designs, manufactures, and markets drill bits and borehole enlargement tools; and supplies drilling tools and services, tubular, completion services, and other related downhole solutions. The company?s Distribution segment markets pipes, valves, and fittings, as well as mill, safety, and other maintenance products. This segment also provides warehouse management, vendor integration, and inventory management services. Schlumberger Limited was founded in 1927 and is based in Houston, Texas. Advisors' Opinion: - [By Dan Caplinger]
One potential thing for Core Labs shareholders to watch out for is the prospect for a takeover bid. With a market cap of $6 billion, Core Labs would be a substantial acquisition for most industry players. But both Schlumberger (NYSE: SLB ) and Halliburton (NYSE: HAL ) are large enough to at least consider adding Core Labs to their respective oil-services portfolios, and both companies have fairly healthy balance sheets that could arguably withstand taking on more debt for a buyout. - [By Rich Duprey]
But with two agencies seemingly giving the procedure a green light to continue, the Justice Department is stepping in to investigate supposed anticompetitive practices. Halliburton (NYSE: HAL ) , the favorite whipping post of environmental activists, is the industry leader, with an estimated 29% share of the pressure pumping market, while Baker Hughes had a 4% share.�Schlumberger (NYSE: SLB ) , which is the second biggest services provider with a 21% share, hasn't said whether it's received any inquiries from the government.
Top 10 Value Stocks To Buy For 2014: Caterpillar Inc.(CAT) Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois. Advisors' Opinion: - [By WALLSTCHEATSHEET]
Caterpillar is a provider of construction and related industrial products and services during a time where countries around the world are seeing expansion. The company reported fourth quarter earnings that came out stronger than expected. The stock has remained neutral in recent months, but is currently suring higher. Over the last four quarters, earnings have been decreasing while revenues have been rising which has left investors pleased. Relative to its peers and sector, Caterpillar has been a relative year-to-date performance leader. Look for Caterpillar to OUTPERFORM. - [By DAILYFINANCE]
Stan Honda, AFP/Getty ImagesPassersby in front of the New York Stock Exchange on Tuesday, Christmas Eve. NEW YORK -- Stocks rose in a holiday-shortened trading day Tuesday, helped by a report that showed American companies were investing in their businesses at the fastest pace since January. Markets were open for just half a day ahead of the Christmas holiday, and trading volume was extremely light. Roughly 1.3 billion shares changed hands on the New York Stock Exchange, a third of what is traded on a regular day. It was the slowest day of the year. Materials and industrial stocks rose more than the rest of the market after the government reported that orders for long-lasting manufactured products rose 3.5 percent in November, more than economists expected. Core capital goods, a category that tracks business investment, jumped 4.5 percent, the biggest gain since January. DuPont (DD) rose $1.09, or 2 percent, to $63.83 and construction equipment maker Caterpillar (CAT) gained 95 cents, or 1 percent, to $90.91. The Dow Jones industrial average (^DJI) rose 62.94 points, or 0.4 percent, to 16,357.55. The Standard & Poor's 500 index (^GPSC) rose 5.33 points, or 0.3 percent, to 1,833.32 and the Nasdaq composite (^IXIC) rose 6.51 points, or 0.2 percent, to 4,155.42. Stocks have been rising steadily since last Wednesday, when the Federal Reserve surprised investors by announcing it was cutting back its bond-buying program, citing an improving economy. The Fed said it will reduce its bond purchases to $75 billion a month beginning in January, down from $85 billion. The last five days of gains have added to what has been a historic year for stock market investors. The S&P 500 index is up 28.6 percent for 2013, or 30.9 when dividends are included, its best year since 1997. With four trading days left in the year, many traders expect stocks to continue higher until New Year's Eve. "Nothing has derailed this market this year, even with all the bad headlin - [By Ben Levisohn]
With little in the way of local news to move the market today, US stocks are taking their cues from overseas — and they don’t like what they see, leaving�Boeing (BA), Nike (NKE), Caterpillar (CAT), United States Steel (X) and Peabody Energy (BTU) in the red. - [By Ben Levisohn]
Good news, fans of mining-equipment companies like�Caterpillar�(CAT) and�Joy Global�(JOY)–Deutsche Bank believes the “fundamentals are stabilizing” even if the industry isn’t “fully out of the woods yet.” Bloomberg News Deutsche Bank’s�Vishal Shah and team�explain: A number of leading indicators point to a stabilization in mining equipment sales: 1) equipment destocking at mines is 75-80% over and is expected to be completed by year end and excess capacity for Caterpillar is 10-15%; 2) Excluding 1 Caterpillar dealer in Indonesia, dealer inventories are largely normalized; 3) Fleet utilization at Emeco, a leading mining equipment rental company that we use as a proxy for utilization at mines and, has bottomed and begun to recover; 4) bidding activity for operations and maintenance work for contract miners has improved, which is another indicator that excess capacity is being absorbed; In the case of Caterpillar, replacement rates are running <5%, a historical low, and implies a fleet age run rate of +20 years, vs. the useful life of 8-15 years. In other words, it really can’t get much worse (or can it?). Joy Global, which has dropped 0.9% so far this year, should benefit once the cycle turns, Shah says, but he prefers Caterpillar, which has “a more favorable risk/reward,” despite gained 15% in 2014. Shares of Caterpillar have dropped 0.5% to $103.14 at 3:21 p.m., while Joy Global has gained 0.3% to $57.95.
By Deborah L. Jacobs and Janet Novack The jig is up for secret offshore accounts. In May Credit Suisse pleaded guilty to conspiring to aid U.S. tax evaders. More than 100 other Swiss banks are handing over leads that should eventually out more U.S. tax dodgers. Israeli, Asian and Caribbean banks are all under investigation. Plus, the Foreign Account Tax Compliance Act (FATCA), which took effect July 1, requires foreign financial institutions to report accounts held by U.S. persons to the Internal Revenue Service. But the best way to get right with Uncle Sam isn't always clear–especially if, like lots of account holders, you're not a flagrant tax cheat. Consider this immigrant family's tale: Before fleeing to the U.S. during the fall of the Shah, an Iranian Jew moved part of his fortune to an Israeli bank. He died in California in 2009 without ever reporting his stash to the U.S. Treasury–not on his income tax return and not on the Foreign Bank Accounts Report (FBAR) that U.S. citizens or residents must file each year if they own or control foreign accounts worth $10,000 or more. (It's possible he never knew he had to file FBARs.)
Unveiled today in Seattle, the Amazon.com Inc. (Nasdaq: AMZN) Fire Phone is everything the rumors promised and more, but there was one surprise - the price. Instead of offering the Amazon Fire Phone at a nominal $99, or even giving it away with an Amazon Prime subscription, the online retail giant is charging $199 for its 32-gigabyte model and $299 for its 64-GB model. And those are the subsidized prices, available only with a two-year contract with AT&T (NYSE: T), the exclusive carrier of the Amazon Fire Phone. AMZN is also selling the Fire Phone at unsubsidized prices: $649 and $749. That's getting into Apple Inc. (Nasdaq: AAPL) iPhone territory, although those prices are $100 less than the comparable models of the top-of-the-line iPhone 5S. Samsung Electronics' (OTCMKTS: SSNLF) flagship, the new Galaxy S5, is about the same price as the Fire. Valmont Industries, Inc. produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally. The company?s Engineered Infrastructure Products segment offers steel and aluminum poles and structures, to which lighting and traffic control fixtures are attached for applications in streets, highways, parking lots, sports stadiums, and commercial and residential developments; and roadway safety systems, including guard rail barrier systems, wire rope safety barriers, and crash attenuation barriers to redirect vehicles and to prevent collisions between vehicles. This segment also provides structures and components for the wireless communication market, as well as for the erection of infrastructure, industrial, and commercial access systems. Its Utility Support Structures segment offers tapered steel and pre-stressed concrete poles for high-voltage transmission lines, substations, and electrical dist ribution, as well as produces hybrid structures, which are structures with a concrete base section and steel upper sections. The company?s Coatings segment provides metal coating services, such as hot-dipped galvanizing, anodizing, powder coating, and e-coating. Its Irrigation segment offers mechanical irrigation equipment and related service parts under the Valley brand. The company also manufactures forged steel grinding media for the mining industry, tubular products for industrial customers, and electrolytic manganese dioxide for disposable batteries; and distributes industrial fasteners. It serves state and federal governments, contractors, utility and telecommunications companies, commercial lighting fixtures manufacturers, and large farms, as well as the general manufacturing sector. The company sells its products through direct sales force, independent and commissioned sales agents, and independent dealers. Valmont Industries, Inc. was founded in 1946 and is headqua rtered in Omaha, Nebraska. Advisors' Opinion: - [By Monica Gerson]
Valmont Industries (NYSE: VMI) is expected to post its Q3 earnings at $2.43 per share on revenue of $800.97 million. Las Vegas Sands (NYSE: LVS) is estimated to post its Q3 earnings at $0.75 per share on revenue of $3.47 billion. - [By Always Bullish]
A second risk for the company is competition. There is one major company that Lindsay is battling for sales with, and that is Valmont Industries (VMI). Let's compare the two: - [By Jacob Roche]
Valmont Industries (NYSE: VMI ) reported impressive first-quarter earnings recently, with operating income rising 43% on strong sales and increasing margins. The growth in sales was largely due to the company's Utility Support Structures and Irrigation segments, which each had 25% sales growth. - [By Ong Kang Wei]
The above snapshot shows the Glassdoor page for Valmont Industries (VMI), a company that I was looking into previously. I like looking at various metrics shown on the page, with its overall rating and what employees think of the CEO bearing the most significance to me. Other metrics I would advocate taking a look at are: What percentage of employees would recommend the job to a friend; and also how optimistic the employee is about the company's future (not shown in picture).
Hot Electric Utility Companies To Own For 2014: OmniVision Technologies Inc.(OVTI) OmniVision Technologies, Inc. designs, develops, and markets semiconductor image-sensor devices. The company offers CameraChip image sensors, which are single-chip solutions that integrate various functions, such as image capture, image processing, color processing, signal conversion, and output of a processed image or video stream for use in various consumer and commercial mass-market applications; and CameraCube imaging devices that are image sensors with integrated wafer-level optics. It also provides companion chips used to connect its image sensors to various interfaces, including the universal serial bus and other industry standard interfaces; and companion digital signal processors that perform compression in standardized still photo and digital video formats. In addition, the company designs and develops software drivers for Linux, Mac OS, and Microsoft Windows, as well as for embedded operating systems, such as Blackberry OS, Palm OS, Symbian, Windows CE, Windows Embedded, and Windows Mobile. Its products are used in mobile phones, notebooks, Webcams, digital still and video cameras, commercial and security and surveillance, and automotive and medical applications, as well as in entertainment devices. The company sells its products directly to original equipment manufacturers and value added resellers, as well as indirectly through distributors worldwide. OmniVision Technologies, Inc. was founded in 1995 and is based in Santa Clara, California. Advisors' Opinion: - [By Evan Niu, CFA]
Once upon a time, I was also an OmniVision (NASDAQ: OVTI ) bull, thinking the image sensor specialist's lead in backside-illuminated technology gave it a substantial leg up against the competition. When OmniVision lost the iPhone 4S primary camera spot to Sony,�that was just the first sign that things may never be the same. The company subsequently lost the iPhone 5 primary sensor, also to Sony. HTC has gone with STMicroelectronics�for the "UltraPixel" sensor in its One flagship (OmniVision sources the secondary sensor), which lends to the idea that BSI sensors are becoming commoditized. Goodbye, pricing power. I gave up on OmniVision long ago. - [By Jake L'Ecuyer]
Shares of OmniVision Technologies (NASDAQ: OVTI) got a boost, shooting up 8.27 percent to $17.54 after the company posted better-than-expected Q3 results. - [By rusticnomad]
Omnivision Technologies (OVTI) finished fiscal 2014 on a solid note. The organization beat analysts' estimates handsomely while the viewpoint also blew past expectations. Known for supplying picture sensors to Apple (AAPL), Omnivision has done well. A glance at its prospects and item advancement will reveal that Omnivision can still scale more prominent heights.
Hot Electric Utility Companies To Own For 2014: Johnson Outdoors Inc.(JOUT) Johnson Outdoors Inc., together with its subsidiaries, designs, manufactures, and markets seasonal outdoor recreation products used primarily for fishing, diving, paddling, and camping. Its Marine Electronics segment offers battery powered fishing motors for trolling or primary propulsion; sonar and GPS equipment for fish finding and navigation; downriggers for controlled-depth fishing; leisure boat navigation technology; and lake charts. The company?s Outdoor Equipment segment provides consumer tents, sleeping bags, camping furniture, and other recreational camping products; commercial tents, such as party tents and accessories, including lighting systems, interior lining options, and mounting brackets; heavy-duty tents and lightweight backpacking tents for the military, including modular general purpose tents, rapid deployment shelters, and lightweight one and two person tents; and military tent accessories, such as fabric floors, as well as field compasses and digital instruments, and performance measurement instruments. This segment also acts as a subcontract manufacturer for other providers of military tents. It primarily serves camping and backpacking specialty stores, sporting goods stores, catalog and mail order houses, general rental stores, and tent erectors. Its Watercraft segment offers canoes, kayaks, accessories, paddles, and personal flotation devices. The company?s Diving segment manufactures and markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels, and accessories for technical and recreational divers. This segment also offers diving gear to dive training centers, aquariums, and resorts. Johnson Outdoors Inc. operates primarily in the United States, Europe, Canada, and the Pacific Basin. The company was founded in 1985 and is headquartered in Racine, Wisconsin. Advisors' Opinion: - [By Peter Graham]
The Q3 2014 earnings report for small cap golf stock Callaway Golf Co (NYSE: ELY), a potential peer of sporting goods or sporting equipment stocks like Toronto listed�Performance Sports Group Ltd (NYSE: PSG) and Johnson Outdoors Inc (NASDAQ: JOUT), is scheduled for after the market closes on Thursday (October 23rd). Aside from the Callaway Golf earnings report, it should be said that Performance Sports Group Ltd reported Q1 2015 on October 9th (revenues were up 28% to $197.1 million) while the estimated release date for the Q4 2014 Johnson Outdoors Inc earnings report is�October 31st. However, Callaway Golf is the last publicly traded�pure play golf equipment stock�giving investors direct exposure to the game���especially since Dicks Sporting Goods Inc (NYSE: DKS)�recently took a $20.4 million pretax golf restructuring charge and plans to focus more attention on other sports.
Hot Electric Utility Companies To Own For 2014: Entergy Arkansas Inc (EAA) Entergy Arkansas, Inc. (Entergy Arkansas) generates, transmits and distributes electric power primarily to retail customers in Arkansas. Entergy Arkansas holds franchises to provide electric service in approximately 307 incorporated cities and towns in Arkansas. On November 30, 2012, the Company purchased a Hot Spring Energy Facility. The Company owns and operates, through an affiliate, the ANO 1 and ANO 2 nuclear power plants. The Company is a wholly owned subsidiary of Entergy Corporation (Entergy). Advisors' Opinion: - [By maarnio]
Spectral is focused on the development and commercialization of a treatment for severe sepsis utilizing its Endotox in Activity Assay (EAA) and the Toraymyxin therapeutic (PMX). If approved, this will be the first theranostics product, a targeted therapy guided by a specific diagnostic, in the area of sepsis. The company also manufactures and sells certain proprietary reagents.
Hot Electric Utility Companies To Own For 2014: First Mexican Gold Corp (FMG) First Mexican Gold Corp. (First Mexican) is exploration-stage company engaged principally in the acquisition, exploration and development of precious mineral properties through its wholly owned subsidiary, Cornelius Exploration S. de R.L. de C.V., in Mexico. The Hilda Properties consist of three properties: Hilda 30 property, the Hilda 37/38 property and Hilda 31/32 property. On January 1, 2011, the Company signed an agreement to acquire the Claim of Santa Martha, which consists of approximately 68 hectares in the district of Yecora, State of Sonora, Mexico. On February 4, 2011, the Company signed a letter of intent to acquire the claims of Vianney Fraccion III, San Martin and El Panda. On February 14, 2011, the Company signed a letter of intent to acquire the claims of El Hoyo and Santa Maria. On January 24, 2012, the Company completed its 80% option earn-in on the Guadalupe property in Sonora State, Mexico. On February 15, 2012, it acquired 100% interest of Guadalupe project. Advisors' Opinion: - [By Adam Haigh]
Fortescue Metals Group Ltd. (FMG) sank 4.2 percent after Teck Resources Ltd. sold a stake worth about A$500 million ($473 million) in Australia�� third-biggest iron-ore exporter. Sony Corp., a TV maker that gets 68 percent of sales outside Japan, lost 2.7 percent after the yen yesterday surged against the dollar, curbing the outlook for exporters. Samsung Electronics Co. preferred shares declined 5 percent in Seoul after Citigroup Inc. managed the sale of a $350 million stake in the electronics firm.
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