Paul Sancya/APA 2007 Ford Edge DEARBORN, Mich. -- Ford is recalling about 205,000 SUVs in cold-weather states and parts of Canada to fix gas tanks that can rust, leak and cause a fire. The recall affects Ford Edge and Lincoln MKX vehicles from the 2007 and 2008 model years. The company said Wednesday that it traced the problem to rust under some mounting brackets in areas where salt is used to clear snow from the roads. Ford (F) said that it knows of one fire due to the problem, but no crashes or injuries. The SUVs are being recalled in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, West Virginia, Wisconsin and Washington, D.C. Also covered are the Canadian provinces of New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec. Dealers will inspect the fuel tanks and repair or replace them at no cost to owners. MSRP: $26,495 Resale value retained after five years: 50.5 percent Even under Fiat (FIATY) ownership, some elements of Dodge's mouth-breathing, knuckle-dragging, He-Man-Woman-Haters-Club approach to auto sales managed to survive. The built-by-car-guys-for-car-guys Challenger and its rebooted muscle car aesthetic still lingers to lure meatheads who value racing stripes and rims over, oh, just about any other element of their vehicle. Ordinarily, that alone wouldn't make one of these vehicles worth a second look five years from now -- even among the most superficial gearheads. But Fiat helped the Challenger smarten up a little bit by coupling a 305-horsepower V6 engine or 375-horsepower 5.7-liter V8 Hemi with loads of interior space, real-time touchscreen navigation, traffic updates, Bluetooth connectivity, Sirius (SIRI) XM satellite radio, keyless entry/starter and a whole lot of Harman Kardon audio upgrades.
Top 5 Transportation Stocks To Watch For 2015: Grupo Televisa S.A.(TV)
Grupo Televisa, S.A.B., together with its subsidiaries, operates as a media company in Mexico and internationally. It operates in seven segments: Television Broadcasting, Pay Television Networks, Programming Exports, Publishing, Sky, Cable and Telecom, and Other Businesses. The Television Broadcasting segment engages in the production of television programming and broadcasting of channels 2, 4, 5, and 9; and production of television programming and broadcasting for local television stations in Mexico and the United States. The Pay Television Networks segment provides programming services for cable and pay-per-view television companies in Mexico, as well as other countries in Latin America, the United States, and Europe. The Programming Exports segment offers international licensing of television programming. The Publishing segment primarily publishes Spanish-language magazines in Mexico, the United States, and Latin America. The Sky segment provides direct-to-home broadcas t satellite pay television services in Mexico, Central America, and the Dominican Republic. The Cable and Telecom segment operates a cable and telecommunication system in the Mexico City metropolitan area. This segment provides data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network in Mexico and the United States; basic and premium television, pay-per-view, and telephone services. The Other Businesses segment engages in sports and show business promotion, soccer, feature film production and distribution, Internet, gaming, radio, and publishing distribution operations. The company was founded in 1990 and is headquartered in Mexico City, Mexico.
Advisors' Opinion:- [By Monica Wolfe]
Grupo Televisa (TV)
Over the past quarter the most gurus held on to Grupo Televisa S.A.B. There were twelve guru owners with seven gurus making buys last quarter and eight making sells. These gurus hold a combined weighting of 7.07%.
- [By Michael J. Carr]
Grupo Televisa (NYSE: TV) provides programming and cable and satellite services to viewers in the U.S., Mexico, the Dominican Republic and other countries. The company reported more than $5.5 billion in revenue over the past 12 months and earnings of more than $680 million, or $1.10 per share. Cash flow per share doubled in the past 12 months.
- [By Daniel Cross]
Grupo Televisa (NYSE: TV) is a broadcasting company that is set to take advantage of growth in several areas. The increase in the United States' Hispanic population means there are 53 million potential users of Spanish-language networks like Univision. Grupo Televisa receives royalties from licensing its programs to Univision, and revenue is expected to top $270 million this year. The emergence of Mexico as a manufacturing powerhouse means that the middle class should see a boost as well. Pay TV is popular in Mexico, as seen by a 12% rise in that segment's revenues from last year. Operating margins are improving as well, increasing from 17% in 2011 to 26% as of the most recent quarter.
Top 5 Canadian Stocks To Invest In 2014: (CG)
The Carlyle Group is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led buyouts, divestitures, strategic minority equity investments, equity private placements, consolidations and buildups, leveraged finance, and venture and growth capital financings. The firm typically invests in agriculture, aerospace, defense, automotive, consumer, retail, industrial, infrastructure, energy, power, healthcare, software, technology, real estate, financial services, transportation, business services, telecommunications, and media sectors. Within the industrial sector, the firm invests in manufacturing, building products, packaging, chemicals, metals and mining, forestry and paper products, and industrial consumables and services. In consumer and retail sectors, it invests in food and beverage, retail, restaurants, consumer products, consumer services, personal care products, direct marketing, and education. W ithin aerospace, defense, business services, and government services sectors, it seeks to invest in defense electronics, manufacturing and services, government contracting and services, information technology, distribution companies. In telecommunication and media sectors, it invests in cable TV, directories, publishing, entertainment and content delivery services, wireless infrastructure/services, fixed line networks, satellite services, broadband and Internet, and infrastructure. The firm seeks to hold its investments for four to six years. In the healthcare sector, it invests in healthcare services, outsourcing services, companies running clinical trials for pharmaceutical companies , managed care, pharmaceuticals, pharmaceutical related services, healthcare IT, medical, products, and devices. It seeks to invest in companies based in Sub-Saharan Africa, Asia, Australia, Europe, Middle East, North America, and South America. The firm seeks to invest in food, financial, and healthcare industries in Western China. In the real estate! sector, the firm seeks to invest in Italy, the United Kingdom, and the United States with a target on Florida and Atlanta. It typically invests between $5 million and $50 million for venture investments and between $50 million and $1 billion for buyouts. It typically holds its investments for three to five years. Within automotive and transportation sectors, the firm seeks to hold its investments in for four to six years. The firm originates, structures, and acts as lead equity investor in the transactions. The Carlyle Group was founded in 1987 and is based in Washington, District of Columbia with additional offices across North America, Latin America, Asia, Africa, and Europe.
Advisors' Opinion:- [By Tom Rojas and Maria Armental var popups = dojo.query(".socialByline .popC"); ]
Carlyle Group L.P (CG). on Wednesday said its third-quarter profit rose, although each of its business lines was chilled by markets pulling back from their prime conditions earlier this year.
- [By MONEYMORNING.COM]
The deal, backed by Kanas and Ross, drew in private equity partners Blackstone Group LP (NYSE: BX), Carlyle Group LP (Nasdaq: CG), and Centerbridge Partners LP, a private investment firm.
- [By Inyoung Hwang]
Credit Suisse (CSGN)�� Chen took a new look at publicly listed private-equity firms, including Apollo Global Management LLC, Blackstone Group LP (BX) and Carlyle Group LP. (CG) Investors are still struggling to properly value them, he says.
- [By The Value Investor]
Clearly the market has not been enthusiastic about this debt-loaded offering. Note that ownership following the offering will still be tightly controlled with the Carlyle Group LP (CG) holding a roughly 79% stake. CommScope's net debt position of $2.4 billion following the offering is large due to the acquisition by Carlyle back in 2011. Following the deal, CommScope took on a lot of debt, partially to pay itself a $750 million dividend. Note that Carlyle is still being represented on 9 out of the 11 board seats, possibly creating a mis-alignment between all investors.
Top 5 Canadian Stocks To Invest In 2014: Barrick Gold Corporation (ABX)
Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a portfolio of 25 operating mines and a pipeline of projects located in North America, South America, the Australia Pacific region, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. The company was founded in 1983 and is based in Toronto, Canada.
Advisors' Opinion:- [By Doug Ehrman]
It is no secret that precious metals companies have been taking a pounding for some time now. The SPDR Gold Trust (NYSEMKT: GLD ) and iShares Silver Trust (NYSEMKT: SLV ) , the gold and silver ETFs, have been hard hit and operating companies like First Majestic (NYSE: AG ) and Barrick Gold (NYSE: ABX ) have been hit even harder. Through all of these struggles, and in some cases because of them, one precious metals company continues to look attractive for the long term: Silver Wheaton (NYSE: SLW ) .
- [By Ben Levisohn]
Gold miners are getting a boost today from solid earnings from the likes of Barrick Gold (ABX), Goldcorp (GG) and Agnico Eagle Mines (AEM). The exception: Kinross Gold (KGC), which missed earnings forecasts and cut its reserves.
ReutersHow well are gold miners performing? The Market Vectors Gold Miners ETF (GDX) has gained 4.2% today, while Barrick has jumped 5.5%, Goldcorp has climbed 3.2% and Agnico Eagle has risen 1.4%. Kinross Gold has ticked up 0.1% to $5.16.
Barrick Gold reported a profit of 37 cents, lower than forecasts for 41 cents, but beat revenue and said it was still looking to cut costs. “Similar to other gold producers, [Barrick Gold] is writing down assets and reserves, and cutting capex,” says Citigroup’s Brian Yu. “The greater capex reduction should enable ABX to reach free cash breakeven at $1,200/oz.”
Agnico Eagle, meanwhile, has gained despite slashing its dividend, after reporting a profit of 25 cents a share, above forecasts for 19 cents. Cowen’s Adam Graf and Misha Levental explain:
The company finished 2013 with production ahead of guidance and costs below guidance. The company’s three-year plan envisions continued increases in production, at reduction in costs. With growth projects well underway at several operations, [Agnico Eagle] is able to reduce its capital spend while maintaining growth.
Goldcorp’s earnings missed their mark–it reported a profit of 9 cents a share, below forecasts for 23 cents –but predicted production would rise despite lower costs. Graf and Levental explain:
[Goldcorp] finished the year with an 11% increase in gold production, but fell short with respect to earnings versus consensus and our numbers. The company sees continued growth at operations in 2014, guiding for a 10-15% increase in production, as well as similar levels of capex as was seen in 2013.
Kinross, however, said it lost 2 cents a share
- [By WALLSTCHEATSHEET]
Barrick Gold is a gold mining firm that also has interests in copper, nickel, oil, and gas projects around the world. The company�� shares have fallen 6.24 percent in pre-market trading as the miner announced it�� shutting down work on its Pascua-Lama mine on the border of Chile and Argentina. The stock has not done well in the past couple of years and is currently searching for value. Over the last four quarters, earnings and revenues have been declining. However, investors have mixed feelings about recent earnings announcements. Relative to its peers and sector, Barrick Gold has been a weak year-to-date performer. STAY AWAY from Barrick Gold for now.
- [By Shauna O'Brien]
Deutsche Bank reported on Wednesday that it has upgraded Barrick Gold Corporation (ABX) to “Buy.”
The firm has raised its rating on ABX from “Hold” to “Buy,” and has raised the company’s price target from $20 to $30. This price target suggests a 40% increase from the stock’s current price of $18.03.
Analyst Jorge Beristain noted that the price target was being re-set at 0.8x DBe NPV versus 0.6x previously “as we believe that the risk of an equity issue has receded, thanks to a comprehensive program to shore up the balance sheet unveiled with 2Q13 results and follow through.”
Beristain added, “Barrick�� plan includes $4bn in capex cuts/deferrals over 4 years, an immediate 6% reduction in cash operating costs and a 15% cut to exploration expenditures. A 75% reduction in dividends will save a further $600m per year. A portfolio review should see some marginally profitable mines (defined as those with AISC>$1,000/oz) either shuttered or sold. In August, the company unveiled the sale of its Yilgarn South (YS) three-mine 425k oz p.a. complex (5.5% of attributable volumes) for $300m. We look for Barrick�� divestiture program to continue with Plutonic (110k oz @ $1,134/oz AISC) and Porgera (464k oz @ $1,317/oz AISC) gold mines, with the former bringing in $45-77m and proceeds from the latter falling in the very broad $70-275m range.”
Barrick Gold shares were up 32 cents, or 1.77%, during pre-market trading Wednesday. The stock is down 49% YTD.
Top 5 Canadian Stocks To Invest In 2014: Mechel Steel Group OAO (MTL)
Mechel OAO, together with its subsidiaries, engages in mining and steel businesses in the Russian Federation, other CIS countries, Europe, Asia, the Middle East, the United States, and internationally. The company operates through four segments: Mining, Steel, Ferroalloys, and Power. The Mining segment engages in the production and sale of metallurgical and steam coal, coke, iron ore, and limestone, as well as chemical products, such as coal tar, naphthalene, and other compounds. The Steel segment produces and sells semi-finished steel products, carbon and special long products, and carbon and stainless flat products, as well as metal products, including wire products, forgings, and stampings. The Ferroalloys segment is involved in the production and sale of nickel ore, low-ferrous ferronickel, ferrochrome, and ferrosilicon. The Power segment engages in the generation and sale of electricity and heat energy from steam coal; and power distribution activities. The company, f ormerly known as Mechel Steel Group OAO, was founded in 2003 and is based in Moscow, the Russian Federation.
Advisors' Opinion:- [By Eric Volkman]
The coffers of Mechel (NYSE: MTL ) are now much fuller. The company has signed an agreement for a 40 billion ruble ($1.3 billion) loan from VTB Bank, a lender based in Mechel's home base of Russia. Of the total, roughly 25 billion ($802 million) will go toward the servicing of short-term facilities coming due in 2013. It also aims to refinance other debt obligations with the monies.
- [By Jake L'Ecuyer]
Mechel OAO (NYSE: MTL) was down, falling 2.33 percent to $2.52 after the company appointed Senior Vice-President for Economics and Management Oleg Korzhov as its Chief Executive Officer.
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