Indian investors always had a fascination towards precious metals and stones owing to their hedging ability against the rising inflation and economic uncertainties. While investing in gold and silver has been going on, another investment avenue that is blooming since past few years is the ��oble metal��or platinum. Although platinum has a very short financial trading history associated with it compared to other precious metals, it is slowly becoming one of the favorite investment platform for Indian investors as well. Investing in platinum not only helps in diversifying investment portfolio, but also in providing a smart long term investment strategy.
Platinum is available in the physical form as collectable coins while financial options are available globally including active trade in the National Spot exchange in India.
Platinum Vs Gold:
Less than a decade ago platinum prices were exponentially high and were nearly 150% the price of gold. With an extended bull run in gold coupled with increasing global recession in platinum manufacturing countries as well as industrial sectors, platinum prices have come down to nearly the same level as gold. As of first week of November, platinum was trading at Rs. 3,256 per gram compared to Rs. 3,134 per gram for gold. According to industry experts as well as financial analysts, platinum is expected to rally around these levels for the next few months till economic recovery is back on track. The existing low prices of platinum however offer great investment opportunities to the smart investor to jump on the investment bandwagon.
M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. It offers business loans and leases; business credit cards; deposit products, such as demand, savings, and time accounts; and financial services, including cash management, payroll and direct deposit, merchant credit card, and letters of credit. The company also provides residential real estate loans; multifamily commercial real estate loans; commercial real estate loans; one-to-four family residential mortgage loans; investment and trading securities; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and branch deposits. In addition, it offers foreign exchange, as well as asset management services. Further, the company provides consumer loans, and commercial loans and leases; cred it life, and accident and health reinsurance; and securities brokerage, investment advisory, and insurance agency services. As of December 31, 2009, it had 738 banking offices in New York State, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, and the District of Columbia; a commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. The company was founded in 1969 and is headquartered in Buffalo, New York.
Advisors' Opinion: - [By , DividendChannel.com]
Looking at the universe of stocks we cover at Dividend Channel, on May 28, First Financial Bancorp�(FFBC), Goldman Sachs�(GS) and M & T Bank Corp.�(MTB) will all trade ex-dividend for their respective upcoming dividends. First Financial Bancorp will pay its quarterly dividend of $0.15 on July 1, Goldman Sachs will pay its quarterly dividend of $0.55 on June 27 and M & T Bank�will pay its quarterly dividend of $0.70 on June 30.
- [By Jon C. Ogg]
M&T Bank Corp. (NYSE: MTB) was downgraded to Neutral from Outperform by Credit Suisse.
MannKind Corp. (NASDAQ: MNKD) was downgraded to Underperform from Neutral and the price target was slashed to $5 from $8 (versus $6.30 close) at BofA/Merrill Lynch; shares are trading down 6% or so.
- [By Amanda Alix]
Too little, too late?
Whether the new regulations have arrived in time to prevent a bust in the commercial sector similar to the one seen with home mortgages remains to be seen. Some banks, at least, are recognizing the risks and staying away. As M&T Bank (NYSE: MTB ) vice chair Mike Pinto tells the Financial Times, "Every 10 years or so, banks make some horrible mistake, and it usually starts with easy money." Hopefully, this time, such a calamity will be avoided.
- [By Dan Caplinger]
Beyond the Dow, Hudson City Bancorp (NASDAQ: HCBK ) has dropped more than 5% after the bank and its proposed acquirer, M&T Bank (NYSE: MTB ) , said there would be a delay in completing their merger. M&T, which has slipped almost 4%, cited regulatory concerns from the Federal Reserve over its bank secrecy and anti-money-laundering programs. Despite the two banks' plan to extend their agreement until the end of January 2014, they aren't sure the merger will be complete even by then. Shareholders will still vote on the deal later this month, but the delay has to be disconcerting for investors on both sides.
Top Low Price Companies To Watch For 2014: HomeTrust Bancshares Inc (HTBI)
HomeTrust Bancshares, Inc. is a bank holding company. The Company operates through HomeTrust Bank (the Bank). The Bank is a federally chartered mutual savings bank with 20 retail offices located in North Carolina. The business of the Bank is conducted through its seven operating divisions: HomeTrust Bank, Cherryville Federal Bank, Home Savings Bank of Eden, Industrial Federal Bank of Lexington, Shelby Savings Bank, Tryon Federal Bank and Rutherford County Bank. Its wholly owned subsidiary, Western North Carolina Service Corporation (WNCSC), owns office buildings in Asheville and Hendersonville, North Carolina that are leased to the Bank and several other tenants. Effective July 31, 2013, it announced the completion of its acquisition of BankGreenville Financial Corporation, the holding company for BankGreenville.
Lending activities
The Bank�� loan portfolio is organized into two segments (retail consumer loans and commercial loans) and into four classes within each segment. Its loan portfolio also includes one to four family loans, commercial real estate loans, home equity lines of credit, commercial loans and consumer loans. The Bank underwrites its retail consumer loans using automated credit scoring and analysis tools. These credit scoring tools take into account factors, such as payment history, credit utilization, length of credit history, types of credit in use and recent credit inquiries. One to four family and construction and land/lot loans are to individuals and are typically secured by one-to-four family residential property, undeveloped land, and partially developed land in anticipation of pending construction of a personal residence. Consumer loans include loans secured by deposit accounts or personal property, such as automobiles, boats, and motorcycles, as well as unsecured consumer debt.
The Bank�� commercial loans are centrally underwritten based primarily on the customer�� ability to generate the required cash flow to service the debt in a! ccordance with the contractual terms and conditions of the loan agreement. Real estate owned consists of real estate acquired as a result of customers��loan defaults.
Investment activities
The Company�� investment securities consist of United States Government Agencies, Residential Mortgage-backed Securities of United States Government and Agencies. It also includes Government-Sponsored Enterprises. Securities available for sale were $26.7 million, as of March 31, 2012.
Sources of funds
The Company offers a variety of deposit accounts for individuals, businesses and nonprofit organizations. Deposits are its primary source of funds for lending and investing activities.
Advisors' Opinion: - [By Tim Melvin]
Home Trust Bancshares (HTBI) is another example of a cheap, well-financed community bank that has the potential for strong performance over the next couple of years. While the bank�� nonperforming assets are a little above average at 3.87% of total assets, HTBI has plenty of excess capital. The equity-to-assets ratio is more than 20 as of the end of the third quarter, and HTBI has been using its capital to buy back HTBI shares below book value.
Top Low Price Companies To Watch For 2014: SPDR Dow Jones Industrial Average ETF Trust (DIA)
Diamonds Trust, Series 1 (the Trust) is a unit investment trust. The Trust was created to provide investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities consisting of substantially all of the component common stocks, which comprise the Dow Jones Industrial Average (the DJIA). The Trust�� objective is to provide investment results that, before expenses, generally correspond to the price and yield performance of the DJIA.
The Trust's holdings consist of the 30 stocks in the DJIA, which is designed to capture the price performance of 30 United States blue-chip stocks. The Trust ended its fiscal year on October 31, 2007, with a 12-month return of 17.72% on net asset value as compared to the DJIA return of 17.94%. As of October 31, 2007, some of the Trust�� investments included 3M Co., Alcoa, Inc., Altria Group, Inc., American Express Co., American International Group, Inc., AT&T, Inc., Boeing Co., Caterpillar, Inc., Citigroup, Inc. and Coca-Cola Co.
Advisors' Opinion: - [By Wallace Witkowski]
After hours, Turkey�� central bank hiked overnight rates, causing the Turkish lira to jump and market ETFs to rally. Both the SPDR Dow Jones Industrial Average ETF (DIA) �and SPDR S&P 500 Index (SPY) �were up 0.4% following the announcement.
Top Low Price Companies To Watch For 2014: Aegion Corp (AEGN)
Aegion Corporation, incorporated on August 17, 2011, is engaged in infrastructure protection, providing technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of sewer, water, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. The Company operates in five segments: Energy and Mining, North American Sewer and Water Rehabilitation, European Sewer and Water Rehabilitation, Asia-Pacific Sewer and Water Rehabilitation and Commercial and Structural. The Company�� business activities include manufacturing, distribution, installation, coating and insulation, cathodic protection, research and development and licensing. Its products and services are utilized and performed in more than 100 countries across six continents. The Company offers solutions for rehabilitating aging or deteriorating infrastructure and protecting new infrastructure from corrosion. In June 2013, Aegion Corporation announced that it has sold its 50% interest in Insituform Rohrsanierungstechniken GmbH (Insituform-Germany) to Per Aarsleff A/S. In July 2013, Aegion Corp announced that it has completed the acquisition of Brinderson, L.P.
In March 2012, the Company organized United Special Technical Services LLC (USTS), a joint venture located in the Sultanate of Oman between United Pipeline Systems and Special Technical Services LLC (STS), for the purpose of executing pipeline, piping and flow line high-density polyethylene lining services throughout the Middle East and Northern Africa. United Pipeline Systems holds a 51% equity interest in USTS and STS holds the remaining 49% equity interest. In November 2012, the Company acquired the shares of its joint venture partner, SPML Infra Limited (SPML), an unaffiliated Indian contractor, in Insituform Pipeline Rehabilitation Private Limited (Insituform-India) in order to continue to pursue business opportunities in India involving CIPP installations and third party tube! sales, as well as to promote its other products and services. In January 2012, the Company purchased Fyfe Group�� Latin American operations (Fyfe LA), which included all of the equity interests of Fyfe Latin America S.A., a Panamanian entity (and its interest in various joint ventures located in Peru, Costa Rica, Chile and Colombia), Fyfe Latin America S.A. de C.V., an El Salvadorian entity, and Fibrwrap Construction Latin America S.A., a Panamanian entity. In April 2012, the Company purchased Fyfe Group�� Asian operations (Fyfe Asia), which included all of the equity interests of Fyfe Asia Pte. Ltd, a Singaporean entity (and its interest in two joint ventures located in Borneo and Indonesia), Fyfe (Hong Kong) Limited, Fibrwrap Construction (M) Sdn Bhd, a Malaysian entity, Fyfe Japan Co. Ltd and Fibrwrap Construction Pte. Ltd and Technologies & Art Pte. Ltd., Singaporean entities.
Energy and Mining
The Company�� energy and mining operations provide rehabilitation and corrosion protection services for industrial, mineral, oil and gas piping systems and structures. The Company also offers products for gas release and leak detection systems. Its worldwide energy and mining operations are headquartered in Chesterfield, Missouri. These operations are conducted through its various subsidiaries (United Pipeline Systems based in Durango, Colorado, Bayou based in New Iberia, Louisiana, Corrpro based in Houston, Texas, CRTS based in Tulsa, Oklahoma and Hockway based in the United Arab Emirates). Certain of its energy and mining operations outside of the United States are conducted through its wholly owned subsidiaries in the United Kingdom, Portugal, Chile, Canada, Argentina, Brazil and the United Arab Emirates and through its joint ventures in Canada, Mexico, Oman, Singapore, Saudi Arabia and Morocco.
United Pipeline Systems performs pipeline rehabilitation services using its Tite Liner process. Its Bayou business performs internal and external pipeline coating, lini! ng, weigh! ting and insulation services, as well as specialty fabrication services for offshore deep water installations, including project management and logistics. Its Corrpro business performs fully-integrated corrosion prevention services including: engineering; product and material sales; construction and installation; inspection, monitoring and maintenance; andcoatings. Its CRTS business specializes in the application of internal and external corrosion coatings services and equipment for new pipeline construction projects. Its Hockway business performs cathodic protection, engineering and design, manufacturing, maintenance and installation services to the oil and gas markets.
Water and Wastewater Rehabilitation Operations
The Company�� sewer rehabilitation activities are conducted principally through installation and other construction operations performed directly by its subsidiaries. In certain geographic regions, the Company has granted licenses to unaffiliated companies. Its North American Water and Wastewater operations, including research and development, engineering, training and financial support systems, are headquartered in Chesterfield, Missouri. During the year ended December 31. 2012, tube manufacturing and processing facilities for North America were maintained in eight locations, geographically dispersed throughout the United States and Canada.
The Company also conducts Insituform CIPP process rehabilitation operations worldwide through its wholly owned subsidiaries and through direct and indirect joint venture relationships. The results from these operations are included in its European Water and Wastewater and Asia-Pacific Water and Wastewater operating segments, as appropriate. The Company utilize multifunctional robotic devices developed by its French subsidiary in connection with the inspection and repair of pipelines. The Company also maintain a manufacturing facility in Wellingborough, United Kingdom to support European operations and through wh! ich the C! ompany sell liners to third parties.
Commercial and Structural Operations
The Company�� commercial and structural operations perform rehabilitation and strengthening of pipelines, buildings, bridges, tunnels and waterfront structures throughout the United States and Canada through Fibrwrap Construction Services, headquartered in Ontario, California, in its Asian markets through Its wholly owned subsidiaries and through Its joint ventures in Borneo and Indonesia and in its Latin American markets through its joint ventures in Chile, Colombia, Costa Rica and Peru. Through Fyfe Co., headquartered in San Diego, California, the Company designs and manufactures the FRP composite systems used in these applications. It�� wholly owned Fyfe entities located in El Salvador, Singapore, Japan, Malaysia and Hong Kong and its Fyfe joint ventures in Borneo and Indonesia, provide product and engineering services throughout Latin America and Asia-Pacific. Its licensee in Greece provides product and services throughout the Middle East and Europe.
Advisors' Opinion: - [By Rich Duprey]
Infrastructure protection specialist Aegion (NASDAQ: AEGN ) announced yesterday that it was acquiring maintenance, contraction, and engineering firm�Brinderson for $150 million and that the deal will close on July 1.
- [By CRWE]
Aegion Corporation (Nasdaq:AEGN) reported the award today of two subcontracts for its Malaysian subsidiary, Insituform Linings Asia Sdn Bhd, with a total value of approximately $9.3 million (USD).
- [By Damian Illia]
Finally, I always like to see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the return on equity. The ratio has decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness. Moreover, it is worse than those shown in the table like Aegion Corporation (AEGN), EnerNOC Inc. (ENOC), MYR GroupInc. (MYRG) and Pike Corporation (PIKE).
Top Low Price Companies To Watch For 2014: First American Financial Corp (FAF)
First American Financial Corporation, incorporated on January 14, 2008, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment. The Company operates in two segments: title insurance and services and specialty insurance.
The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The specialty insurance segment issues property and casualty insurance policies and sells home warranty products. In addition, its corporate function consists of certain financing facilities as well as the corporate services that support its business operations.
Title Insurance and Services Segment
The Company�� title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally. This segment also provides closing and/or escrow services; accommodates tax-deferred exchanges of real estate; maintains, manages and provides access to title plant records and images, and provides banking, trust and investment advisory services. The Company conducts its title insurance and closing business through a network of direct operations and agents. Through this network, it issues policies in the 49 states that permit the issuance of title insurance policies and the District of Columbia. The Company also offers title insurance, closing services and similar or related products and services, either directly or through third parties in foreign countries, including Canada, the United Kingdom, Australia and various other markets.
The Company! distributes its title insurance policies and related products and services directly as well as through its agents through various channels. Its federal savings bank subsidiary offers trust and investment advisory services, deposit services and asset management services. As of December 31, 2012, the Company provides products and services in numerous countries outside of the United States, and its international operations accounted for approximately 7.9% of its title insurance and services segment revenues.
Specialty Insurance Segment
The Company�� property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism and other types of property damage. The Company is licensed to issue policies in all 50 states and the District of Columbia and actively issue policies in 43 states. In its market, California, it also offers preferred risk auto insurance to better compete with other carriers offering bundled home and auto insurance. Reinsurance is used to limit risk associated with natural disasters, such as windstorms, winter storms, wildfires and earthquakes.
The Company�� home warranty business provides residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period. Most of these policies are issued on resale residences, although policies are also available in some instances for new homes. Coverage is typically for one year and is renewable annually at the option of the contract holder and upon its approval. It sells renewals directly to consumers. As of December 31, 2012, home warranty business operates in 39 states and the District of Columbia.
The Company competes with Fidelity National Financial, Inc., Stewart Title Guaranty Company, Old Republic International Corporation and Lender Proc! essing Se! rvices, Inc.
Advisors' Opinion: - [By Jon C. Ogg]
First American Financial Corp. (NYSE: FAF) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
Fidelity National Financial Inc. (NYSE: FNF) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
- [By Canadian Value]
Position % of Fund Assets 1) First American Financial Corp. (FAF) 7.0% 2) Apple, Inc. (AAPL) 6.5% 3) Coinstar, Inc. (CSTR) 4.8% 4) EMC Corp. (EMC) 4.4% 5) Coach, Inc. (COH) 4.4% 6) Kohl's Corp. (KSS) 4.1% 7) Blucora, Inc. (BCOR) 4.0% 8) Tetra Tech, Inc. (TTEK) 3.1% 9) OM Group, Inc. (OMG) 3.0% 10) American International Group, Inc. (AIG) 2.8% TOTAL 44.1% One area that we believe still offers some value in the market is in high quality, large��ap technology stocks that may be momentarily out��f��avor as they transition from rapid growth to slower growth. In particular, we become interested when that transition is also accompanied by a change in capital allocation policies designed to return more cash to shareholders in the form of dividends and share repurchases. We believe that Apple and EMC are two of the absolute highest quality technology businesses in the world and both have recently announced very material, shareholder��friendly changes to how they will allocate capital.
- [By Marc Bastow]
The biggest increase among our dividend stocks this week came from title and specialty insurance management company First American Financial (FAF), which raised its quarterly dividend 100% to 24 cents per share, payable June 16 to shareholders of record as of June 9.
FAF Dividend Yield: 3.47%
- [By alicet236]
First American Financial Corp (FAF): CEO Dennis J Gilmore sold 116,453 Shares
CEO of First American Financial Corp (FAF) Dennis J Gilmore sold 116,453 shares on 02/04/2014 at an average price of $25.12. First American Financial Corporation was incorporated in the state of Delaware in January 2008 to serve as the holding company of The First American Corporation's financial services business. First American Financial Corp has a market cap of $2.7 billion; its shares were traded at around $25.52 with a P/E ratio of 12.30 and P/S ratio of 0.56. The dividend yield of First American Financial Corp stocks is 1.88%.
Top Low Price Companies To Watch For 2014: APM Automotive Holdings Bhd (APM)
APM Automotive Holdings Berhad is a Malaysia-based investment holding company. The Company operates in six divisions: Suspension Division, which includes products, such as leaf springs, parabolic springs, coil springs, shock absorbers, gas springs, U-bolts and metal parts; Interior & Plastics Division, which includes products, such as plastics parts, interiors, seatings for motor vehicles, buses, auditoriums and cinemas; Electrical & Heat Exchange Division, which includes products, such as air-conditioning systems, radiators, starter motors, alternators, wiper system, distributors and other electrical parts; Marketing Division, which includes trading and distribution of automotive components/parts manufactured by it for the replacement and export market; Others, which include operations related to the rental of investment properties in Malaysia, and Operations Outside Malaysia include businesses in Indonesia, Vietnam, Australia and United States.
Advisors' Opinion: - [By Damian Illia]
Since 1973 Compuware Corp (CPWR) has been providing software solutions both on-premise and through a software as a service (SaaS) model, as well as professional technical services related to mobile application developments and mainframe systems. The company reported revenues of $944.5 million in fiscal 2013, working through four segments: Performance Management (APM), Mainframe, Changepoint and Uniface. Through the APM segment Compuware provides services to maximize efficiency of web, non-web, mobile, streaming and cloud applications. Mainframe solutions are designed for organizations which require high developer productivity and enhanced service quality at lower costs, and through Changepoint it provides Professional Services Automation (PSA) and Project Portfolio Management services (PPM). Uniface, a rapid application development platform, creates renews and integrates enterprise applications. Currently, more than 7,100 companies, including many of the world's largest organizations, depend on Compuware and our new generation approach to performance management to do just that.
