On the back of yesterday's drop, U.S. stocks opened higher this morning, with the S&P 500 (SNPINDEX: ^GSPC ) and the narrower, price-weighted Dow Jones Industrial Average (DJINDICES: ^DJI ) gaining 0.44% and 0.39%, respectively, at 10:10 a.m. EDT.
Berkshire: Going abroad pays off
If I had a dollar for every comment asserting at the end of a Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) article that CEO Warren Buffett has lost his touch, I'd have a small fortune myself. Those opinions are an affront to reality when there is so much evidence to the contrary -- and yesterday, Berkshire supplied even more.
On Wednesday, the candy-to-bricks conglomerate announced that it had acquired the remaining 20% of Israel-headquartered International Metalworking Companies -- more commonly known by the name of its largest subsidiary, Iscar -- for the sum of $2.05 billion. The transaction values Iscar at $10.25 billion. In 2006, when Berkshire acquired its initial 80% stake, it paid $4 billion for a $5 billion valuation. A doubling in value over a seven-year timeframe is a respectable return, especially in relation to the stock market's performance over the same period:
Top 10 Warren Buffett Stocks To Invest In Right Now: CFS Bancorp Inc.(CITZ)
CFS Bancorp, Inc. operates as the holding company for Citizens Financial Bank that provides various banking products and services to individuals and businesses in the United States. The company offers various deposit products, including checking accounts, money market accounts, savings accounts, and certificates of deposit. Its commercial loan portfolio comprises commercial real estate loans, construction and land development loans, and commercial and industrial loans; and retail loan portfolio includes one-to-four family residential mortgage loans, lot loans, and consumer loans comprising home equity loans, home equity lines of credit, and auto loans. The company also offers investment services and securities brokerage for individuals, families, and small- to medium-sized businesses; and public fund deposits, repurchase sweep accounts, zero balance accounts, remote merchant capture, business overdraft privilege, business on-line banking, and other cash management related services. The company offers its services through its executive offices in Munster; and 23 banking centers located in Lake and Porter counties of northwest Indiana, as well as Cook, DuPage, and Will counties of Illinois. The company was founded in 1934 and is headquartered in Munster, Indiana.
Top 10 Warren Buffett Stocks To Invest In Right Now: Astronics Corporation(ATRO)
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace and defense industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment?s product lines include aircraft lighting, cabin electronics, airframe power, avionics databus products, and airfield lighting. This segment serves airframe manufacturers that build aircraft for the commercial, military, and general aviation markets; suppliers; and aircraft operators, such as airlines and branches of the U.S. Department of Defense, as well as the Federal Aviation Administration and airport operators. The Test Systems segment designs, develops, manufactures, and maintains communications and weapons test systems, and training and simulation devices for military applications. It sells its products primarily to the U.S. military, foreign militaries, and manufacturers of military communication systems. The company was founded in 1968 and is headquart ered in East Aurora, New York.
Advisors' Opinion:- [By Rich Smith]
Astronics Corp. (NASDAQ: ATRO ) is bulking up in aerospace.
On Tuesday, the manufacturer of high-performance lighting, electrical power, and automated test systems for the global aerospace and defense industries announced that it has agreed to buy fellow aerospace interior components maker PECO for approximately $136 million, cash. Privately owned PECO is a supplier to Boeing and a maker of fuel access doors and also "passenger service units" that incorporate air handling, emergency oxygen, electrical power management, and cabin lighting systems.�
Top 5 Oil Stocks To Own For 2014: Ym Biosciences Inc Com Npv (YM.TO)
YM BioSciences Inc., a drug development company, engages in developing hematology and cancer-related products. Its products include CYT387, a dual inhibitor of the JAK1 and JAK2 kinases, which has implicated in a family of hematological conditions known as myeloproliferative neoplasms, including myelofibrosis, as well in various other disorders comprising indications in hematology, oncology, and inflammatory diseases. The company is evaluating, CYT387, in a Phase I/II trial and a Phase II trial for the treatment of patients with myelofibrosis, a chronic debilitating disease in which a patient�s bone marrow is replaced by scar tissue. It is also developing nimotuzumab, a humanized monoclonal antibody, which is in various Phase II and III trials worldwide targeting epidermal growth factor receptor antibody. In addition, the company has various preclinical research programs underway with candidates from its library of compounds. YM BioSciences Inc. has collaboration agreemen ts with Daiichi-Sankyo Pharmaceutical Co. Ltd., Kuhnil Pharmaceutical Company, Innogene Kalbiotech, Oncoscience AG, the Center of Molecular Immunology, Pulmokine Inc, and Cancer Therapeutics CRC Pty Ltd. The company was formerly known as York Medical Inc. and changed its name to YM Biosciences Inc. in February 2001. YM BioSciences Inc. was founded in 1994 and is headquartered in Mississauga, Canada.
Top 10 Warren Buffett Stocks To Invest In Right Now: McDonald's Corporation(MCD)
McDonald?s Corporation, together with its subsidiaries, operates as a worldwide foodservice retailer. It franchises and operates McDonald?s restaurants that offer various food items, soft drinks, coffee, and other beverages. As of December 31, 2009, the company operated 32,478 restaurants in 117 countries, of which 26,216 were operated by franchisees; and 6,262 were operated by the company. McDonald?s Corporation was founded in 1948 and is based in Oak Brook, Illinois.
Advisors' Opinion:- [By David Goodboy]
I was pleasantly surprised that a Dunkin' Donuts I recently visited in South Carolina offered free Wi-Fi, a lounge area full of leather chairs, a variety of coffee flavors, sandwiches and, of course, donuts that are vastly superior to Starbucks' offerings. During my travels recently, I have noticed Dunkin' Donuts sprouting up in the same general areas as established Starbucks locations. This strategy resembles Burger King's (NYSE: BKW) pursuit of McDonald's (NYSE: MCD) locations.
- [By Rich Bieglmeier]
McDonald's Corp. (MCD) plans to release third quarter results before the market opens on October 21, 2013 and will host an investor webcast afterwards.
Top 10 Warren Buffett Stocks To Invest In Right Now: Superior Resources Ltd(SPQ.AX)
Superior Resources Limited engages in the exploration of base metals in northwest Queensland, Australia. It primarily explores for copper, lead, zinc, and silver deposits, as well as for uranium, phosphate, and diamonds. The company holds approximately 18 exploration permits and applications that are grouped into 5 projects, which cover approximately 4,000 square kilometers in the northwest Queensland minerals province. It primarily focuses on the exploration of the Dajarra, Victor, and Nicholson projects that are situated in the Mount Isa area of northwest Queensland. Superior Resources Limited is based in Brisbane, Australia.
Top 10 Warren Buffett Stocks To Invest In Right Now: Sunland Group Ltd(SDG.AX)
Sunland Group Limited engages in property development and construction businesses in Australia and Dubai. It develops and sells land and medium density housing products. The company also involves in the ownership and management of hotel; funds management activities; and the provision of project management and design services to development properties. Sunland Group Limited was founded in 1983 and is based in Benowa, Australia.
Top 10 Warren Buffett Stocks To Invest In Right Now: Mansfield Minerals Inc. (MDR.V)
Mansfield Minerals Inc., a junior mining company, engages in the acquisition and exploration of mineral property interests primarily in Argentina. It holds a 100% interest in the Lindero project that includes the Lindero heap leach oxide gold deposit and the Arizaro porphyry gold-copper prospect covering an area of 35 square kilometers in Salta Province, northwestern Argentina. The company was founded in 1975 and is headquartered in Vancouver, Canada.
Top 10 Warren Buffett Stocks To Invest In Right Now: Labat Africa Ltd (LABJ.J)
Labat Africa Ltd. is a South Africa-based company engaged in the provision and delivery of management, business and retail services to commerce, industry, national and local government, the international market and all other organizations and individuals having a need for such services. Its subsidiaries included South African Micro-Electronics Systems (Pty) Ltd., Integrated Circuit Design Center (Pty) Ltd. and SAMES Properties (Pty) Ltd.Top 10 Warren Buffett Stocks To Invest In Right Now: (BANC)
First PacTrust Bancorp, Inc. operates as a bank holding company for Pacific Trust Bank and Beach Business Bank that provides retail banking services to individuals and small to mid-sized businesses. The company offers various deposit accounts, such as checking and savings accounts, money market deposits, certificate accounts, retirement accounts, interest bearing demand accounts, and certificates of deposits. Its loan portfolio comprises commercial and industrial loans, commercial real estate mortgage loans, multi-family mortgage loans, small business administration guaranteed business loans, construction loans, lease financing, single family 1-4 unit residential mortgage loans, home equity lines of credit, home equity loans, and other consumer loans. In addition, the company offers leasing and financing services, cash and treasury management services, card payment services, remote deposit services, ACH origination, and employer/employee retirement planning products. Furth er, it provides mobile, online, and telephone banking services; automated bill payment services; electronic statements; safe deposit boxes; and direct deposit and wire transfers. As of December 31, 2012, it operated 19 banking offices in San Diego, Los Angeles, Orange, and Riverside counties in California; and 24 single family mortgage loan production offices in California, Arizona, Oregon, and Washington. First PacTrust Bancorp, Inc. was founded in 1941 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Tim Melvin]
He opened a position in shares of Banc of California (BANC) in the quarter. The company is the holding company for Pacific Trust Bank and Beach Business Bank in the San Diego area. The bank has 60 locations and more than $3.5 billion in assets, and it just completed the acquisition of three institutions — The Private Bank of California, The Palisades Group and CS Financial –� which increased total assets by almost $1 billion. The shares trade right at book value. Banc of California is well positioned to benefit from a strong recovery in California and may eventually become a buyout target itself.
- [By Markus Aarnio]
Banc of California (BANC) operates as a bank holding company for Pacific Trust Bank and Beach Business Bank that provides retail banking services to individuals and small to mid-sized businesses. Banc of California bottomed at $4.44 in December 2009 and is currently trading at $14.47 or 225.9% above the low made in December 2009. This performance is in line with the performance of the Financial Select Sector SPDR ETF.
Top 10 Warren Buffett Stocks To Invest In Right Now: Thorpe(fw)
FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting systems for industrial, commercial, and controls markets primarily in the United Kingdom and rest of Europe. Its professional lighting systems comprise lighting control, emergency lighting, exterior lighting, and high and low bay lighting systems; LED, recessed, surface mounted, and suspended luminaires; and up and downlighters, lamps, and transformers. The company also provides emergency exit signage products; amenity, historical, trough, gas, and sign lighting products; and columns, brackets, and flambeaux products. In addition, it manufactures and supplies clean room lighting equipment and luminaires, such as recessed fluorescent and surface fluorescent products for laboratories, pharmaceutical areas, semi-conductor manufacturing areas, hospitals, kitchens, and food preparation applications. The company is headquartered in Redditch, the United Kingdom.
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