TOKYO -- Japanese companies remain eager to invest and are planning the biggest year-on-year rise in capital spending since the global financial crisis, a Nikkei survey shows.
Covering nearly 1,400 firms, the latest survey focused on revisions to investment plans since the start of fiscal 2013. Planned capital expenditures total 25.9 trillion yen ($250.4 billion), 13.1% higher than last fiscal year. Japanese capex hasn't grown that much since fiscal 2005.
Moreover, budgets went up by 1.8% midway through the year, something that hadn't happened since fiscal 2010. Planned investments are up in 17 of 32 industries, with an increase of 3% among nonmanufacturers versus 1% for manufacturers.
Top 10 Forestry Stocks To Watch For 2015: Ashmore Group PLC (ASHM)
Ashmore Group plc (Ashmore) is engaged in providing investment management services. The Company is a fund manager across six core investment themes, such as external debt, local currency, corporate debt, blended debt, equities, multi-strategy, alternatives and overlay/liquidity. External debt is a diversified portfolio of emerging market debt assets. Local currency takes advantage of the expanding local currency and local currency denominated debt market. Corporate debt focuses on the developing corporate debt asset class. Blended debt mandates specifically combine external, local currency and corporate debt measured against tailor-made blended indices. Multi-strategy is a dynamic asset allocation across other investment themes. Equities Focuses on liquidity and top down macro country selection in publicly traded. Overlay/liquidity helps to separate and centralize the currency risk of an underlying emerging market asset class. Advisors' Opinion:- [By Inyoung Hwang]
Ashmore Group Plc (ASHM) jumped 5.3 percent to 382.2 pence. The U.K. fund manager that invests in emerging markets reported full-year pretax profit and revenue that exceeded estimates. The London-based company also raised its dividend.
10 Best Japanese Stocks To Own Right Now: CVR Partners LP(UAN)
CVR Partners, LP engages in the production of nitrogen fertilizers including ammonia and urea ammonium nitrate. The company was incorporated in 2007 and is based in Sugar Land, Texas. CVR Partners, LP operates as a subsidiary of CVR Energy, Inc.
Advisors' Opinion:- [By Sean Williams]
Whom it competes against
There is certainly no shortage of competitors in the fertilizer industry. Rentech is actually somewhat of a small player at a $1.4 billion valuation compared with CVR Partners (NYSE: UAN ) at $1.9 billion, Terra Nitrogen (NYSE: TNH ) at $3.8 billion, and Agrium (NYSE: AGU ) at $13.5 billion.
10 Best Japanese Stocks To Own Right Now: LKQ Corp (LKQ)
LKQ Corporation (LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks). The Company operates in four segments: Wholesale-North America, Wholesale-Europe, Self Service and Heavy-Duty Truck. Buyers of vehicle replacement products have the option to purchase from primarily five sources: new products produced by original equipment manufacturers (OEMs), which are known as OEM products; new products produced by companies other than the OEMs, which are sometimes referred to as aftermarket products; recycled products originally produced by OEMs, which it refers to as recycled products; used products that have been refurbished; and used products that have been remanufactured. October 1, 2011, it acquired Euro Car Parts Holdings Limited (ECP). On May 27, 2011, it acquired AkzoNobel Coatings Inc.'s paint distribution business consisting of 40 locations across the United States. In February 2012, the Company announced that it had acquired Pieces Automobiles Lecavalier IncEffective August 6, 2013, LKQ Corp acquired Premier Paints Ltd, a manufacturer of motor vehicle parts, form Iris Coatings Ltd, and concurrently, LKQ acquired Bee Bee Refinishing Supplies Halstead, JCA Coatings, Milton Keynes Paint & Equipment and Sinemaster Motor Factors Ltd.
The Company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision replacement products such as wheels, bumper covers and lights, and remanufactured engines. Collectively, it refers to its products as alternative parts. The Company is a provider of alternative vehicle collision replacement products, and a provider of alternative vehicle mechanical replacement products. Its sales, processing, and distribution facilities reach markets in the United States and Canada. In addition to its wholesale operations, it operates self service retail facilities that sell recycled automotiv! e products. The Company also sells recycled heavy-duty truck products and used heavy-duty trucks.
The Company obtains its aftermarket inventory from auto parts manufacturers and distributors based in the United States, Taiwan, Europe and China. The Company procures recycled automotive products mainly by purchasing salvage vehicles, typically severely damaged by collisions and primarily sold at salvage auctions or pools, and then dismantling and inventorying the parts. The refurbished and remanufactured products that it sells, such as wheels, bumper covers, lights and engines, originate from Companyparts from the salvage vehicles bought at auctions, parts received in trade at collision shops purchasing replacement products from the, and damaged parts bought through bulk purchases from core sales companies that collect damaged parts. The majority of our products and services are sold to collision repair shops, also known as body shops, and mechanical repair shops.
WHOLESALE AUTO PRODUCTS-NORTH AMERICA
The Company�� wholesale automobile product operations in North America are organized by geographic regions serving the United States and Canada that sell all four product types to collision and mechanical automobile repair businesses. As of December 31, 2011, these wholesale operations conducted business from more than 290 facilities. its aftermarket product operations may include a combination of sales, warehousing and distribution, and in many cases will be co-located with its refurbishing operations. Its salvage operation typically has processing, sales, distribution and administrative operations on site, indoor and outdoor storage areas, and include a warehouse with multiple bays to dismantle vehicles.
The Company�� 2011, sales included more than 86,000 stock keeping units (SKUs) of aftermarket collision products and repair materials for the models of domestic and foreign automobiles and light trucks. Its aftermarket product types consist of thos! e frequen! tly damaged in collisions, including automotive body panels, bumper covers and lights. The Company distributes paint and other materials used in repairing damaged vehicles, including sandpaper, abrasives, masking products and plastic filler. The paint and other materials distributed by the Company are purchased from numerous suppliers in the United States and Canada. Certain of these products are distributed under the brand Keystone. Platinum Plus is its exclusive brand offered in the Keystone product line of aftermarket products. The aftermarket products it distributes are purchased from independent manufacturers and distributors located primarily in the United States and Taiwan. The Company has business arrangements with manufacturers to produce its Platinum Plus products.
The Company�� recycled products include engines, transmissions, doors, front end assemblies, trunk lids, bumper assemblies, head and tail lamp assemblies and mirrors. Some insurance companies mandate that the recycled products must be of the same model year or newer as the vehicle being repaired. The Company procures recycled products for its wholesale operations by acquiring damaged or totaled vehicles. During the year ended December 31, 2011, LKQ acquired approximately 228,000 salvage vehicles for its wholesale recycled product operations. Vehicle processing for its wholesale recycled operations involves dismantling a salvage vehicle into recycled products that are ready for sale.
As of December 31, 2011, it operated 34 plastic bumper and bumper cover refurbishing plants, a chrome bumper plating plant, 15 wheel plants, one light refurbishing plant and four engine remanufacturing facilities. Most of its refurbished and remanufactured products are sold through its wholesale distribution channels. The balance is sold to retail automotive stores, wholesale distributors and through Internet sales. Its wholesale recycled product operations generate scrap metal and other materials that it sells to recyclers. T! he Compan! y has a distribution network of over 290 wholesale plants and warehouses across the United States and Canada, of which 50 function as hub or cross dock facilities.
WHOLESALE AUTO PRODUCTS-EUROPE
The Company�� European wholesale operating segment was formed in 2011 with its acquisition of ECP, the distributor of automotive aftermarket products. The Company operates 90 branches, supported by eight regional hubs and a national distribution center, which allows us to reach major markets within the United Kingdom. In 2011, it sold more than 121,000 SKUs of aftermarket products, primarily composed of mechanical aftermarket parts for the repair of vehicles five to 15 years old. Its products include electrical products, such as spark plugs and ignition coils, clutches and related parts, steering and suspension parts, and brake pads and sensors. The Company sells its products to over 32,000 professional repairers, including primarily independent mechanical repair shops and collision repair shops.
SELF SERVICE RETAIL PRODUCTS
The Company�� self service retail operations sell parts from older cars and light trucks directly to consumers. In addition to revenue from the sale of parts, core and scrap, it charges admission fee to access the property. Its self service facilities typically consist of a fenced or enclosed area of several acres with vehicles stored outdoors and a retail building through which customers are able to access the yard. As of December 31, 2011, it conducted our self service retail operations from 47 facilities in North America. Its self service auto recycling operations generate scrap metal, alloys and other materials that it sells to recyclers.
HEAVY-DUTY TRUCK PRODUCTS
As of December 31, 2011, it had a total of 18 facilities in the United States and Canada. Its inventory is comprised of used heavy- and medium-duty trucks, usually five years or older, which are purchased at salvage and truck auctions or direct! ly from i! nsurance companies or fleet operators. During 2011, it purchased approximately 6,000 vehicles. Depending on the condition of the vehicles, they may be dismantled for parts or resold as running vehicles. If certain mechanical parts are damaged, such as transmissions, it may remanufacture them and offer them to its customers. The vehicles that are acquired for resale are typically special purpose or vocational use trucks, such as those used for garbage pickup or cement delivery. If requested by the sellers of the vehicles, it provide an assurance that the vehicles will be sold to foreign buyers and exported to countries for use outside of the United States, or to domestic buyers after the vehicles have been reconditioned and modified for use other than their original purpose.
Advisors' Opinion:- [By Chris Hill]
In this segment, Mike talks about�LKQ (NASDAQ: LKQ ) , and why the largest operator of junkyards has turned its scale into an incredibly well-run business, and Matt takes a look into�McDonald's (NYSE: MCD ) , which reports earnings tomorrow. After a rough period for McDonald's as the competitive landscape shifts toward fast-casual dining options such as Panera and Chipotle, Matt will be looking for signs in the earnings report that the strategy at McDonald's to adapt and shift its business focuses is coming to fruition.
- [By Holly LaFon]
LKQ Corporation (LKQ) is the world's largest procurer and distributor of alternative and aftermarket collision replacement parts for automobiles and other vehicles. The Company has grown rapidly since its inception in 1998, by executing an expansion strategy that has included aggressive organic and inorganic investments. To date, LKQ's strategy has resulted in a business with unparalleled scale, at over $5 billion in revenues across three continents, compared with aftermarket and salvage parts competitors that routinely post less then $100 million in sales, usually with the largest footprints limited to regional geographies.
- [By Holly LaFon]
Our worst performers during the third quarter were Cummins (CMI) (-颅14.5%), Schlumberger (SLB) (-颅13.8%) and Cognizant Technology (CTSH) (-颅8.5%). Our best performers during the quarter were EMC (EMC) (+11.1%), Berkshire Hathaway (BRK.A) (+9.2%) and Apple (AAPL) (+8.4%). During the quarter we trimmed positions in Apple as it approached our maximum position weighting of 10%. We added to existing positions in Qualcomm (QCOM), LKQ (LKQ) and Cognizant Technology (CTSH) ��all on improved prospective risk-颅reward on respective share-price declines. The Great Bull Market of 2009-2014 started on March 9, 2009 when the S&P 500 Index stood at 667. The S&P 500�� relentless bull market advance over the course of the next 2,000 days would reach a record high index level of 2000 in late August. Relentless indeed, according to Bespoke, the S&P 500 Index has been up seven quarters in a row ��the best streak since 1998 and the fourth best since 1950.
10 Best Japanese Stocks To Own Right Now: GEO Group Inc (GEO)
The GEO Group, Inc., incorporated on April 5, 1988, specializes in the ownership, leasing and management of correctional, detention, and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada. The Company operates in four segments: United States Corrections and Detention segment; GEO Community Services; International Services, and its Facility Construction and Design. The Company's United States Corrections and Detention segment primarily encompasses its United States-based privatized corrections and detention business. GEO Community Services segment consists of its community based services business, its youth services business and its electronic monitoring and supervision service. International Services segment primarily consists of its privatized corrections and detention operations in South Africa, Australia and the United Kingdom. Facility Construction and Design segment primarily contracts with various states, local and federal agencies for the design and construction of facilities for which the Company generally has been, or expects to be, awarded management contracts. In June 2013, it announced the closing of acquisition of the 1,287-bed Joe Corley Detention Center (the Center) in Montgomery County, Texas.
The Company owns, leases and operates a range of correctional and detention facilities, including maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers, and community based re-entry facilities. The Company offers counseling, education and /or treatment to inmates with alcohol and drugs abuse problems at most of the domestic facilities the Company manages. The Company is also a provider of compliance technologies, monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers and pretrial defendants. On December 31, 2012, the Company divested its residential treatm! ent health care facility management contracts, (Residential Treatment Services (RTS)). Effective January 1, 2013, it began operating as a real estate investment trust (REIT). As of December 31, 2012, the Company's worldwide operations included the management and/or ownership of approximately 73,000 beds at 100 correctional, detention and residential facilities, including idle facilities, and also included the provision of monitoring services, tracking approximately 70,000 offenders on behalf of approximately 900 federal, state and local correctional agencies located in all 50 states. During the year ended December 31, 2012, the Company activated four new or expansion projects representing an aggregate of 2,082 additional beds.
The Company has an exclusive contract with the United States Immigration and Customs Enforcement, which the Company refers to as ICE, to provide supervision and reporting services designed to improves the participation of non-detained aliens in the immigration court system. The Company develops facilities based on contract awards, using its project development expertise and experience to design, construct and finance. The Company also provides secure transportation services for offender and detainee populations as contracted domestically and in the United Kingdom through its joint venture, GEO Amey PECS Ltd., which the Company refers to as GEOAmey. The Company provides a diversified scope of services on behalf of its government clients. Its correctional and detention management services involve the provision of security, administrative, rehabilitation, education, and food services, primarily at adult male correctional and detention facilities. Its community-based services involve supervision of adult parolees and probationers and the provision of temporary housing, programming, employment assistance and other services with the intention of the successful reintegration of residents into the community. The Company�� youth services include residential, detention and sh! elter car! e and community-based services along with rehabilitative and educational programs. The Company provides comprehensive electronic monitoring and supervision services. The Company provides secure transportation services for offender and detainee populations as contracted. Through the REIT subsidiaries (TRS) structure, a portion of the Company's businesses, which are non-real estate related, such as its managed-only contracts, international operations, electronic monitoring services, and other non-residential facilities, are part of wholly owned taxable subsidiaries of the REIT. Most of the Company's business segments, which are real estate related and involve company-owned and company-leased facilities, are part of the REIT.
The Company competes with Corrections Corporation of America; Management and Training Corporation; Louisiana Corrections Services, Inc.; Emerald Companies; Community Education Centers; LaSalle Southwest Corrections; Group 4 Securicor; Sodexo Justice Services (formerly Kaylx); Serco; G4 Justice Services, LLC; Elmo-Tech, a 3M Company, and Pro-Tech, a 3M Company
Advisors' Opinion:- [By Sean Williams]
The premise here would be that any increase in nationwide drug testing would be bound to turn up additional drug users and could boost the prison population. That would be great news for the GEO Group (NYSE: GEO ) and Corrections Corp. of America (NYSE: CXW ) , which are contracted out through the government to run and service prisons around the country.
- [By Sean Williams]
Corrections Corp. of America, also known as CCA, and GEO Group (NYSE: GEO ) �are the two largest contracted prison companies. If there's any doubt that these companies are as good as gold, one need only look at CCA's first-quarter report from last week, which saw normalized funds from operations rise by a whopping 35% to $0.70 per share. CCA also boosted its full-year EPS from a range of $2.05-$2.15 to $2.08-$2.16.
- [By Ben Levisohn]
Prison REIT Corrections Corp of America (CXW) yields 6.2% and trades at 24.9 times earnings, while�Geo Group (GEO) yields 6.4% on a P-E ratio of 20.8 times.
- [By Seth Jayson]
GEO Group (NYSE: GEO ) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), GEO Group met expectations on revenues and met expectations on earnings per share.
10 Best Japanese Stocks To Own Right Now: Silicon Laboratories Inc.(SLAB)
Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets analog-intensive and mixed-signal integrated circuits (ICs). The company offers broad-based products, which include microcontrollers, clocks and oscillators, wireless transceivers, digital isolators and related products, and human interface sensors and controllers; broadcast products comprising radio receivers and transmitters, and video tuners and demodulators; and access products consisting of embedded modems, subscriber line interface circuits, Voice over IP (VoIP) products, and power over Ethernet devices, as well as DSL analog front end ICs and IRDA devices. It provides ICs for use in various electronic applications, such as portable devices, AM/FM radios, and other consumer electronics, as well as networking, test and measurement, industrial monitoring and control, and customer premises equipment. The company markets its products through direct sales force, and through a networ k of independent sales representatives and distributors in the United States, Taiwan, China, South Korea, Japan, and internationally. Silicon Laboratories Inc. was founded in 1996 and is headquartered in Austin, Texas.
Advisors' Opinion:- [By MONEYMORNING.COM]
XSD holds such big-cap names as Texas Instruments Inc. (Nasdaq: TXN) and Intel Corp. (Nasdaq: INTC). It also owns Atmel Corp. (Nasdaq: ATML), which has a market cap of less than $4 billion, and Silicon Laboratories Inc. (Nasdaq: SLAB), with a market cap of $2 billion.
- [By Rich Smith]
Austin, Texas-based Silicon Laboratories (NASDAQ: SLAB ) , which chose a new chief financial officer last month, has now found him a bit of extra work to do.
- [By Garrett Cook]
In trading on Friday, technology shares were relative laggards, down on the day by about 0.80 percent. Top decliners in the sector included Silicon Laboratories (NASDAQ: SLAB), down 15.32 percent, and Informatica (NASDAQ: INFA), off 11.91 percent.
10 Best Japanese Stocks To Own Right Now: Ormat Technologies Inc.(ORA)
Ormat Technologies, Inc., together with its subsidiaries, engages in the geothermal and recovered energy power business in the United States and internationally. The company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells the electricity. The Product segment designs, manufactures, and sells power units for geothermal and recovered energy-based electricity generation; fossil fuel powered turbo-generators; and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. This segment serves contractors and geothermal power plant owners and operators; and interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and companies in other energy-intens ive industrial processes. The company was founded in 1965 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.
Advisors' Opinion:- [By Amy Thomson]
AT&T has examined takeover candidates including Vodafone�� assets, U.K. mobile carrier EE -- a venture of Deutsche Telekom AG (DTE) and Orange SA (ORA) -- and parts of Spain�� Telefonica SA (TEF), people familiar with the company�� plans said in June. AT&T is attracted to Europe because of its relatively recent introduction of faster, fourth-generation networks, which have been available for years in the U.S.
- [By Marie Mawad]
Orange SA (ORA), France�� biggest phone company, agreed to sell its Dominican Republic unit to Altice, a cable and telecommunications investor, for $1.4 billion.
- [By John Udovich]
Yesterday, small cap geothermal stock U.S. Geothermal Inc (NYSEMKT: HTM) produced a geyser of a return when it surged 26.79%, meaning its worth taking a closer look at the stock verses the performance of other geothermal stocks like small cap Ormat Technologies, Inc (NYSE: ORA) and mid cap Calpine Corporation (NYSE: CPN).�First of all, I should mention there are some other geothermal stocks out there like Alterra Power Corp (CVE: AXY) and Ram Power Corp (TSE: RPG) who have their primary listing on Canadian exchanges with secondary ones on the OTC���meaning they may not be a good deal for American investors or easy to invest in. Second, U.S. Geothermal Inc itself is a good geothermal proxy as its�focused on developing, owning, and operating clean, sustainable electric power from geothermal energy resources and its�operating geothermal power projects at Neal Hot Springs, Oregon; San Emidio, Nevada; and Raft River, Idaho plus El Ceibillo, an advanced stage, geothermal prospect located within a 24,710 acre energy rights concession area near Guatemala City, the largest city in Central America.
- [By Garrett Cook]
Utilities shares fell by 0.78 percent in Wednesday’s trading. Meanwhile, top decliners in the sector included Ormat Technologies (NYSE: ORA), down 3.8 percent, and AGL Resources (NYSE: GAS), off 3.1 percent.
10 Best Japanese Stocks To Own Right Now: Gardner Denver Inc. (GDI)
Gardner Denver, Inc. designs, manufactures, and markets engineered industrial machinery and related parts and services primarily in North America, Europe, Asia, South America, Africa, and Australia. It operates in two segments, Industrial Products Group and Engineered Products Group. The Industrial Products Group segment offers rotary screw, reciprocating, and sliding vane air and gas compressors; positive displacement, centrifugal, and side channel blowers; and vacuum pumps for use in manufacturing, transportation and general industry, and original equipment manufacturer (OEM) and engineered system applications. This segment also markets and services complementary ancillary products. The Engineered Products Group segment designs, manufactures, markets, and services pumps, compressors, liquid ring vacuum pumps, reciprocating pumps, diaphragm vacuum pumps, water jetting systems, and related aftermarket parts used in oil and natural gas well drilling, servicing, and producti on, as well as in medical and laboratory, and industrial cleaning and maintenance. It also offers liquid ring pumps for various applications, such as water removal, distilling, reacting, flare gas recovery, efficiency improvement, lifting and handling, and filtering, principally in the pulp and paper, industrial manufacturing, petrochemical, and power industries. In addition, this segment designs, manufactures, markets, and services other fluid transfer components and equipment, including loading arms, swivel joints, storage tank equipment, dry- break couplers, and tank truck systems for the chemical, petroleum, and food industries. The company sells its products through independent distributors and sales representatives, as well as directly to OEMs, engineering firms, packagers, and end users. Gardner Denver, Inc. was founded in 1993 and is based in Wayne, Pennsylvania.
Advisors' Opinion:- [By Eric Volkman]
Gardner Denver (NYSE: GDI ) isn't moving from the dividend policy it's kept in place for more than three years. The company has declared a quarterly dividend of $0.05 per share. This will be paid on June 25 to shareholders of record as of June 11. That amount matches each of the firm's previous distributions, the most recent of which was paid in late March.
- [By Holly LaFon]
Gardner Denver Inc. (GDI), a manufacturer of industrial machinery and parts based in Wayne, PA, announced it would be acquired by Kohlberg Kravis Roberts & Co. L.P. (0.1%) ("KKR") on March 8, 2013. KKR is a private equity firm with $75.5 billion under management. The merger consideration was $76.00 per share, or $3.9 billion total (in addition, the company paid a $0.05 quarterly dividend). The deal closed on July 30, 2013 after receiving shareholder and regulatory approvals for an annualized return of 5.18%.
From Mario Gabelli's third quarter 2013 commentary.
Also check out: Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks, and Stocks that Mario Gabelli keeps buying
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