Celgene (NASDAQ: CELG ) was one of several companies presenting at the American Society of Clinical Oncology, or ASCO, annual meeting in Chicago this week. Here's what the big biotech had to say.
Ho-hum for Abraxane
Findings from a phase 3 study of Abraxane in combination with gemcitabine in the treatment of advanced pancreatic cancer were presented on Sunday and Monday. The open-label study -- known as the Metastatic Pancreatic Adenocarcinoma Clinical Trial, or MPACT -- included 861 metastatic pancreatic cancer patients.
The first key result discussed related to the first 257 patients in the study to be independently evaluated using positron emission tomography, or PET, scans. 63% of the patients taking Abraxane with gemcitabine had a metabolic response compared to 38% of patients taking gemcitabine alone. The patients in the Abraxane group also had a median overall survival rate of 10.5 months versus 8.3 months for patients taking only gemcitabine.
Another major finding centered on levels of a key tumor marker called carbohydrate antigen 19-9, or CA19-9. Of patients taking Abraxane and gemcitabine, 61% achieved at least a 20% reduction in CA19-9 compared to 44% of patients who took gemcitabine alone. For the subset of patients who experienced this reduction in CA19-9, the survival rate of those taking Abraxane with gemcitabine was 13.2 months, significantly higher than the 9.4 months for patients taking only gemcitabine.
Top 10 Retail Companies To Watch In Right Now: TFS Financial Corporation(TFSL)
TFS Financial Corporation operates as a holding company for Third Federal Savings and Loan Association of Cleveland. The company provides retail consumer banking, including mortgage lending, deposit gathering, and other financial services in Ohio and Florida. Its deposit accounts consist of savings accounts, negotiable order of withdrawal accounts, certificates of deposit accounts, individual retirement accounts, and other qualified plan accounts. The company also offers residential real estate mortgage loans, home equity loans, lines of credit, residential construction loans, and consumer loans. It operates 39 full-service branches and 8 loan production offices. TFS Financial Corporation, through its subsidiary, Third Capital, Inc. engages in net lease transactions of commercial buildings; maintains minority investments in private equity funds, and provide escrow and settlement services; and reinsures private mortgage insurance on residential mortgage loans. The company w as founded in 1938 and is headquartered in Cleveland, Ohio.
Advisors' Opinion:- [By Jim Royal]
The special situation
For those of you following my Special Situations portfolio, Investors Bancorp is in a spot similar to First Financial Northwest (NASDAQ: FFNW ) and TFS Financial (NASDAQ: TFSL ) , both of which are featured substantially in the portfolio. While Investors Bancorp is still only a partially demutualized thrift (like TFS Financial today), it will soon become a fully public institution, like First Financial.
Top 10 Managed Healthcare Companies To Own For 2014: Bri-Chem Corp (BRY)
Bri-Chem Corp. is a North American distributor, blender, and manufacturer of drilling fluids and steel pipe for the oil and gas industry in North America. The Company operates in three segments: Fluids, Steel Distribution and Steel Manufacturing. Its Fluids segment includes the sale of fluids and chemical additives to the resource and industrial markets. The Steel Distribution segment includes the sale of tubular steel products to the resource, industrial and construction industries. The Steel Manufacturing segment produces seamless steel pipe through a thermal expansion process for sale to steel pipe distributors in North America. On May 31, 2011, it acquired all membership interest in Bri-Chem Supply Corp, LLC (BSU) and Stryker Transportation Ltd. (Stryker). In September 2013, Bri-Chem Corp acquired the cement blending business assets of Sun Coast Materials Co. and certain additional transportation assets from its affiliate Acme Trucking, Inc. Advisors' Opinion:- [By Matt DiLallo]
Transformational acquisition is closing soon
Earlier this year, LinnCo, in conjunction with LINN Energy (NASDAQ: LINE ) announced the game-changing deal for Berry Petroleum (NYSE: BRY ) . The $4.3 billion deal, which is being delayed slightly, is still expected to close in the third quarter. Once it does, the fundamentals of LINN and by extension LinnCo will improve dramatically. Not only that but both companies will be boosting their respective investor payouts as well as shifting those payouts to a monthly schedule.
Top 10 Managed Healthcare Companies To Own For 2014: Embraer-Empresa Brasileira de Aeronautica(ERJ)
Embraer S.A. engages in the development, production, and sale of jet and turboprop aircraft for civil and defense aviation markets. It also offers aircrafts for agricultural use; structural components, mechanical and hydraulic systems, and technical activities related to the production and maintenance of aerospace material. The company?s Commercial Aviation segment designs, develops, and manufactures various commercial aircraft for regional, low-cost, and mainline airlines primarily in Europe, the Middle East, Africa, Asia, and the Americas. Its Defense and Security segment provides a range of integrated solutions for the defense and security market, including training/light attack aircraft, aerial surveillance platforms, military transport aircraft, and government transport aircraft; command, control, communications, computer, intelligence, surveillance, and reconnaissance systems; and maintenance and material solutions. The company?s Executive Aviation segment develops a line of executive jets for fractional ownership companies, charter companies and air-taxi companies, and high-net-worth individuals. Its Aviation Services segment offers after-sales customer support services for the fleets of its commercial, executive, and defense customers. This segment also provides spare parts, maintenance and repair, training, and other product support services. The company?s Other segment involves in selling and leasing used aircraft; and offers structural parts, and mechanical and hydraulic systems for the production of helicopters. This segment also manufactures landing gear, and general aviation propeller aircraft, such as executive planes and crop dusters. It has a strategic alliance with European Aerospace and Defense Group. The company was formerly known as Embraer - Empresa Brasileira de Aeron Advisors' Opinion:
- [By Dan Caplinger]
Still, the commercial aircraft space holds huge promise for United Tech. The company's Pratt & Whitney engine manufacturer has a long-standing relationship with Boeing (NYSE: BA ) , which itself has projected trillions of dollars of orders for commercial aircraft over the next 20 years. But United Tech has also branched out beyond Boeing, with the announcement last month that it will supply a range of components, including engines, electrical systems, and brake systems, for Embraer (NYSE: ERJ ) . Given the E-Jets manufacturer's strong growth in the face of Latin American expansion, Embraer has great promise, and United Tech is smart to latch onto it.
Top 10 Managed Healthcare Companies To Own For 2014: Blyth Inc. (BTH)
Blyth, Inc. operates as a direct to consumer marketing company in North America, Europe, and Australia. The company operates in three segments: Health & Wellness, Candles & Home D茅cor, and Catalog & Internet. The Health & Wellness segment offers a suite of weight-management products, nutritional supplements, and energy drinks under the ViSalus Sciences, ViSalus, and Body by Vi Challenge brands primarily through its independent promoters. The Candles & Home D茅cor segment sells food and recipe products, candles, reed diffusers, and other home fragrance products and related decorative accessories under the PartyLite, GloLite by PartyLite, and Two Sisters Gourmet by PartyLite names through independent sales consultants. The Catalog & Internet segment develops and markets an array of decorative and functional household products, personalized cards, gifts, food products, and health and wellness products under the Miles Kimball, Walter Drake, As We Change, Easy Comforts, and Ex posures brands through its Websites, catalogs, and direct mail campaigns. Blyth, Inc. was founded in 1976 and is headquartered in Greenwich, Connecticut.
Advisors' Opinion:- [By Garrett Cook]
Non-cyclical consumer goods & services shares rose by 0.04 percent in today’s trading. Top gainers in the sector included John B Sanfilippo & Son (NASDAQ: JBSS), up 3.3 percent, and Blyth (NYSE: BTH), up 3.1 percent.
- [By Ben Levisohn]
Blyth�(BTH) has gained 10% to $14.25 this morning in what could be a short squeeze.
Packaging Corp. of America�(PKG) has jumped 6.3% to $57.99 after it said it would buy Boise (BZ) for $1.28 billion. Boise has gained 26% to $12.55.
- [By John Udovich]
Small cap NYSE stocks Blyth, Inc (NYSE: BTH), ITT Educational Services, Inc (NYSE: ESI) and U.S. Silica Holdings Inc (NYSE: SLCA) had the highest short interest as of late September according to HighShortInterest.com with short interest of 56.80%, 55.73% and 40.22%, respectively. However, shorting a stock can be a dangerous business as the bears can and do sometimes get mauled by the bulls. With that in mind, let�� take a look at why the bulls or the bears may be right or wrong about these three shorted small cap NYSE stocks:�
- [By Roberto Pedone]
Another non-cyclical consumer goods player that insiders are active in here is Blyth (BTH), which designs and markets home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drinks. Insiders are buying this stock into weakness, since shares are down by 22% so far in 2013.
Blyth has a market cap of $193 million and an enterprise value of $156 million. This stock trades at a reasonable valuation, with a price-to-sales of 0.19 and a price-to-book of 4.21. This is a cash-rich company, since the total cash position on its balance sheet is $172.96 million and its total debt is $127.98 million. This stock currently sports a dividend yield of 1.6%.
A beneficial owner just bought 20,000 shares, or $246,000 worth of stock, at $12.34 per share.
From a technical perspective, BTH is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock has recently pulled back after trading just above its 200-day moving average at $14.60 a share to its intraday low of $12.05 a share. That pullback is pushing shares of BTH very close to its 50-day moving average of $11.48 a share. If that level holds off this pullback, then shares of BTH could present a solid buying opportunity.
If you're in the bull camp on BTH, then look for long-biased trades as long as this stock is trending above is 50-day at $11.48 and then once it breaks out above some near-term overhead resistance at $13.09 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 287,505 shares. If we get that move soon, then BTH will set up to re-test or possibly take out its next major overhead resistance levels at $14.60 to $15.69 a share. Any high-volume move above those levels will then put $17 to $20 into range for shares of BTH.
Top 10 Managed Healthcare Companies To Own For 2014: Camden Property Trust (CPT)
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, acquisition, and construction of multi-family apartment communities. As each of its communities has similar economic characteristics, residents, amenities, and services, its operations have been aggregated into one segment.
In April 2011, it sold one of its land parcels to one of the Funds. In June 2011, it sold another land parcel to the Fund. In August 2011, the Company acquired 30.1 acres of land located in Atlanta, Georgia. In December 2011, it acquired 2.2 acres of land in Glendale, California. During the year ended December 31, 2011, it sold two properties consisting of 788 units located in Dallas, Texas. During 2011, the Funds acquired 18 multifamily properties totaling 6,076 units located in the Houston, Dallas, Austin, San Antonio, Tampa and Atlanta. In January 2012, one of the Funds acquired one multifamily property consisted of 350 units located in Raleigh, North Carolina.
As of December 31, 2011, the Company owned interests in, operated, or were developing 206 multifamily properties comprising 69,794 apartment homes across the United States. Of these 206 properties, 10 properties were under development. In addition, it owns land parcels, which it focuses on developing into multifamily apartment communities.
Advisors' Opinion:- [By Michael Lewis]
Take Camden Property Trust (NYSE: CPT ) , for example. The stock is up around 16% over two years -- respectable, but incongruent with the industry trends. Since 2010, operating cash flow has increased more than 30%. The company pays a 3.5% dividend and trades at 16.5 times projected one-year earnings. For comparison, Lennar trades at 18 times earnings, while KB Homes trades at more than 20 times forward earnings.
Top 10 Managed Healthcare Companies To Own For 2014: Turquoise Hill Resources Ltd (TRQ)
Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd., is an international mineral exploration and development company. The Company�� principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia. The Company also has two subsidiaries, through which it holds interests in coal resource properties in Mongolia and molybdenum, rhenium, copper, gold and uranium resource properties in Australia. Its subsidiary, SouthGobi Resources Ltd. (SGQ), owns and operates the Ovoot Tolgoi Coal Project located in Mongolia. Its subsidiary, Ivanhoe Australia Limited (Ivanhoe Australia), owns the Osborne Project, the Merlin Project and the Mount Dore Project, all of which are located in Queensland, Australia. It also holds interests in several other mineral resource projects in Asia, including a 50% interest in the Kyzyl Gold Project, located in Kazakhstan, through a shareholding in Altynalmas Gold. In July 2012, Rio Tinto plc acquired 51% interest in the Company. Advisors' Opinion:- [By Paul Ausick]
Mining giant Rio Tinto PLC (NYSE: RIO) already owns 50.8% of Turquoise Hill Resources Ltd. (NYSE: TRQ), and speculation that Rio Tinto will buy the other 49.2% has boosted Turquoise Hill’s share price by nearly 13% in the week ending Thursday. Most of the gain came in the last two days, although shares were giving some of that gain back Friday probably because Rio Tinto has not announced an offer yet.
Top 10 Managed Healthcare Companies To Own For 2014: China North East Petroleum Holdings Limited(NEP)
China North East Petroleum Holdings Limited engages in the exploration and production of crude oil in northern China. As of December 31, 2010, it operated 295 producing wells with proven reserves of 5,476,200 barrels of crude oil at Qian?an 112, Hetingbao 301, Daan 34, and Gudian 31 oilfields. The company, through its subsidiary, Song Yuan Tiancheng Drilling Engineering Co., Ltd., provides contract land drilling and other oilfield services for state-owned and non-state-owned oil companies. China North East Petroleum Holdings Limited is headquartered in Song Yuan City, the People?s Republic of China.
Advisors' Opinion:- [By Robert Rapier]
Another YieldCo,�Nextera Energy Partners�(NYSE: NEP) which will own and operate renewable energy plants built by�NextEra Energy�(NYSE: NEE) launched June 27. NEP priced its IPO at $25 per share, then saw the share price surge to $32.36 on the first day of trading. NEP�� initial portfolio will consist of wind and solar farms in the US and Canada with a total generating capacity just under a gigawatt.
- [By David Dittman]
Question: Dave, any thoughts on NextEra Energy Partners LP (NYSE: NEP)? And, if you can build on that, maybe talk about how to approach an initial public offering (IPO) in general. Thanks.
- [By Ben Levisohn]
Krishna and Krauklis note that Buffalo Wild Wings, Nextera Energy (NEP), Rexnord Corp (RXN), and The Advisory Board (ABCO) should benefit from recent acquisitions that should boost revenue growth, while�Buffalo Wild Wings and Cavium (CAVM) should see improvements thanks to the adoption of new technology that will help boost margins. Terex, The Advisory Board, and�Rexnord should get a boost from cost cutting, Krishna and Krauklis say.
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