Lately, there's been a lot of talk about drones and their place in safeguarding America. And while there's still controversy surrounding their use, there's no denying that drones are an effective weapon of war -- both for spying, er "observation," and taking out enemy targets. They are so effective, in fact, that a new frontier is opening up to drone warfare -- namely, the sea. For both Raytheon (NYSE: RTN ) and SAIC (NYSE: SAI ) , this is good news.
Unmanned to the rescue
Right now there are an estimated 600 submarines from 43 countries that the Navy is responsible for tracking, according to Defense Advanced Research Projects Agency, or DARPA. Understandably, this isn't the cheapest venture for the Navy, but because of the potential security threat these subs pose, it's essential. Consequently, DARPA, along with Raytheon and SAIC, have teamed up to develop a cost-effective solution -- the Anti-Submarine Warfare Continuous Trail Unmanned Vehicle, or ACTUV.�
Top 5 Wireless Telecom Companies To Buy For 2014: First Commonwealth Financial Corporation(FCF)
First Commonwealth Financial Corporation operates as the holding company for First Commonwealth Bank that provides consumer and commercial banking services to individuals and small and mid-sized businesses in central and western Pennsylvania. The company offers personal checking accounts, interest-earning checking accounts, savings accounts, health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, and IRA accounts. It also provides secured and unsecured installment loans, construction and mortgage loans, safe deposit facilities, credit lines with overdraft checking protection, and student loans, as well as Internet and telephone banking, and automated teller machine services. In addition, the company offers commercial banking services, including commercial lending, small and high-volume business checking accounts, on-line account management services, ACH origination, payroll direct deposi t, commercial cash management services, and repurchase agreements. Further, it provides various trust and asset management services, as well as a complement of auto, home, business, and term life insurance. Additionally, the company offers annuities, mutual funds, stock, and bond brokerage services through an arrangement with a broker-dealer and insurance brokers. It operates 115 community banking offices in western Pennsylvania and 2 loan production offices in downtown Pittsburgh and State College, Pennsylvania. The company was founded in 1982 and is headquartered in Indiana, Pennsylvania.
Advisors' Opinion:- [By Philip]
Shares First Commonwealth Financial Corp.(FCF) of Indiana, Pa., closed at $4.75 Friday, declining 31% year-to-date. Based on a consensus price target of $6.46, the shares have 36% upside potential.
Based on a quarterly payout of three cents, the shares have a dividend yield of 2.53%.
First Commonwealth had $5.7 billion in total assets as of Sept. 30, operating 112 First Commonwealth Bank offices in 15 counties in western and central Pennsylvania.
The company reported third-quarter earnings of $8.3 million, or 8 cents a share, increasing from $7.4 million, or 7 cents a share, during the second quarter, but declining from $10.6 million, or 11 cents a share, in the third quarter of 2010.
The year-over-year earnings decline reflected an 8% decline in net interest income to a tax-adjusted $48.8 million in the third quarter, as the company saw an 8% decline in its loan portfolio, "as the result of more disciplined underwriting guidelines concerning geography and size for commercial loans, the managing down of large credit relationships over $15 million," and weak loan demand.
The net interest margin declined to 3.81%, increasing from 3.76% the previous quarter, but declining from 3.90% a year earlier.
Earnings were also affected by a $7.0 million third-quarter provision for loan losses, which was down from $9.1 million the previous quarter, but up from $4.5 million a year earlier.
First Commonwealth's nonperforming assets ratio was 3.45%, increasing from 3.22% the previous quarter and 2.70% a year earlier, with one commercial credit relationship in Pennsylvania representing $32.8 million, or 17% of the company's $195.2 million in nonperforming assets.
The third-quarter net charge-off ratio was 1.00% and reserves covered 1.81% of total loans as of September 30.
Following First Commonwealth's earnings announcement, Sterne Agee analyst Mike Shafir reiterated his Buy rating on the shares, with a price target of $6.50, and said that "W! hile NPAs rose during the quarter, the company exhibited positive trends with a higher net interest margin, lower expenses, and a reduction in the pace of loan decline."
The shares trade for 11.3 times the consensus 2012 EPS estimate of 42 cents, and 0.8 times their Sept. 30 tangible book value of $5.77, according to SNL Financial.
Six out of nine analysts covering First Commonwealth rate the shares a buy, while the remaining analysts all have neutral ratings
Top 5 Wireless Telecom Companies To Buy For 2014: Cairo Comunication(CAI.MI)
Cairo Communication S.p.A., together with its subsidiaries, operates as a multimedia advertising broker in Italy. It sells advertising time and space on television, print media, Internet, and stadiums. The company also publishes books and magazines; and operates various Internet sites. Cairo Communication S.p.A. is headquartered in Milan, Italy.
5 Best Canadian Stocks To Invest In Right Now: Hornby(HRN.L)
Hornby Plc, through its subsidiaries, engages in the development, design, production, sourcing, and distribution of hobby and interactive home entertainment products primarily in the United Kingdom, the United States, Spain, Italy, and Europe. Its products include train sets, train packs, steam locomotives, diesel and electric locomotives, controllers, railroads, live steams, freight rolling stock, passenger coaches, resin buildings, vehicles, lighting accessories, power supplies, wheels and couplings, tracks, landscaping materials, and layouts. The company markets its products under the Hornby, Scalextric, Electrotren, Lima, Jouef, Rivarossi, Arnold, Airfix, Humbrol, and Corgi brand names through a network of specialist and multiple retailers. Hornby Plc is based in Margate, the United Kingdom.
Top 5 Wireless Telecom Companies To Buy For 2014: Affymax Inc.(AFFY)
Affymax, Inc., a biopharmaceutical company, engages in the development of drugs for the treatment of serious and life-threatening conditions. It develops peginesatide (Hematide), which has completed Phase III clinical trial for the treatment of anemia associated with chronic renal failure. Hematide is a synthetic peptide-based erythropoiesis stimulating agent designed to stimulate production of red blood cells. The company has strategic alliance agreements with Takeda Pharmaceutical Company Limited and Nektar Therapeutics AL, Corporation to develop and commercialize Hematide. Affymax, Inc. was founded in 2001 and is based in Palo Alto, California.
Top 5 Wireless Telecom Companies To Buy For 2014: Archer Petroleum Corp (ARK.V)
Archer Petroleum Corp. engages in the acquisition, exploration, and evaluation of oil and gas properties and other energy producing properties primarily in Canada. It has an option to purchase a 100% interest in the Pardoe Lake Uranium Project located on the eastern edge of the Athabasca Basin, Saskatchewan. The company was formerly known as Agrotech Greenhouses Inc. and changed its name to Archer Petroleum Corp. in April 2010. Archer Petroleum Corp. is headquartered in Vancouver, Canada.
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