Onyx Pharmaceuticals (NASDAQ: ONXX ) is having a garage sale, but it doesn't appear that Amgen (NASDAQ: AMGN ) has been invited.
The promising cancer developer confirmed over the weekend that Amgen had made an offer to acquire Onyx for $120 per share, a 38.2% premium above Friday's close. Onyx certainly didn't waste any time rejecting the bid, commenting that it "significantly undervalued Onyx and its prospects, and was not in the best interest of Onyx or its shareholders." That hasn't, however, stopped Onyx from actively engaging in additional acquisition chatter with other interested parties outside of Amgen.
The interest in Onyx will come down to two big questions: How much is it worth considering that it only receives a percentage of net sales on two of its three cancer drugs? And who might the buyer be?
How Onyx makes its money
The first question, as I've noted, is quite tricky.
Nexavar, the company's most mature cancer drug, is currently approved by the Food and Drug Administration to treat the most common forms of kidney and liver cancer. Aside from Japan, though, it splits the profits of Nexavar with licensing partner Bayer�down the middle. There's also a strong possibility that Nexavar could be in line for an added indication in treating thyroid cancer based on the extended progression-free survival it delivered relative to the placebo in a late-stage trial.
Top Net Payout Yield Companies To Buy Right Now: Ishares Msci Korea (EWY)
iShares MSCI South Korea Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the South Korean market. The Fund's performance is measured by the MSCI Korea Index (the Index).
The Fund invests in a representative sample of securities in the Index, which has a similar investment profile as the Index. iShares MSCI South Korea Index Fund's investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By Jeff Reeves]
Of course, Samsung�� massive presence has weighed on the region lately. In the last 12 months, the iShares MSCI South Korea Index Fund (EWY) has declined about 4%, pretty much the same performance as Samsung�� stock.
- [By Benjamin Shepherd]
The iShares MSCI Emerging Markets Index (NYSE: EEM) seems to have halted its slide.� The index bottomed out year-to-date on February 3, when it was down 11.2 percent. Since then, it has gained 1.5 percent, but bargains in the emerging markets still abound.
As I discussed in �� Plan, Not a Panic��two weeks ago, emerging markets are in much better economic shape today than they were even just a few years ago, much less during the currency crisis that peaked in 1998. Foreign exchange reserves are generally much more robust, budget deficits are narrower if they exist at all and, so far at least, the full-blown currency war that many were predicting last year isn�� likely to breakout.
With rationality finally setting in, this is a terrific time to do a little bargain hunting in the emerging markets.
The most obvious play here is the iShares MSCI Emerging Markets Index itself. Covering China (18.8 percent of assets), South Korea (16 percent), Taiwan (12 percent) and Brazil (10.2 percent) with smaller positions spanning Asia and Europe, the fund is most exposed to any shift in sentiment.
The fund is currently trading at just 10.2 times forward one-year earnings, well below its average of about 18 times over the past two decades. On a price-to-sales basis it is even more attractive valued at just 1.03 times; the last time the index was this cheap on a sales basis was early 2009.
So while there are always dangers in trying to call a bottom to any market move, valuations alone are attractive enough to start pulling bargain hunters back in.
A broadly diversified play on an emerging market turnaround, iShares MSCI Emerging Markets Index is a great buy up to 45, which leaves plenty of room to run back to the average.
For those who can tolerate a bit more risk, you can also drill down and make more country-specific bets.
At this point my favorite would be iShares MSCI South Korea Index Fund (NYSE: EWY).
Sout
Best Promising Stocks To Own Right Now: Franklin Electric Co. Inc.(FELE)
Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. It operates in two segments, Water Systems and Fueling Systems. The Water Systems segment provides motors, pumps, electronic controls, and related parts and equipment primarily for use in groundwater, wastewater, and fuel transfer applications. Its motors and pumps are used principally for pumping fresh water and wastewater in various residential, agricultural, and industrial applications. This segment also offers electronic drives and controls for the motors, which control functionality and provide protection from various hazards, such as electric surges, over-heating, or dry wells and tanks. The Fueling Systems segment provides pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment primarily for use in submersible fueling system applications. It also integrates and sells motors and electronic controls produced by the Water Systems segment. The company sells its products and related equipment to specialty distributors, original equipment manufacturers, industrial and petroleum equipment distributors, and oil and utility companies through its sales force and independent manufacturing representatives primarily in the United States, Europe, South Africa, Brazil, Mexico, and China. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Bluffton, Indiana.
Advisors' Opinion:- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Franklin Electric (Nasdaq: FELE ) .
Best Promising Stocks To Own Right Now: Bravo Enterprises Ltd (OGNG)
Bravo Enterprises Ltd., formerly Organa Gardens International Inc., incorporated on November 29, 1983, is a development-stage company. The Company holds an undivided 85% working interest and an undivided 68% net revenue interest in 13,189 acres located in Wasatch County, Utah, known as the Uinta Basin and a 0.7% gross overriding royalty interest on 6,360 acres of oil and natural gas rights located in the Powder River Basin of eastern Wyoming. The Company has a vertical hydroponics farming system. The Company owns a 2% royalty interest in the Harvester Property. The LAK Ranch field covers approximately 7,500 acres in the Powder River basin. In September 2011, the Company completed its merger agreement with Integrated Green Technologies LLC.
The Organa Garden Systems (OGS) provide a means for food production and consumption change to global and ecological through vertical hydroponics rotary farming. There are two OGS models; the Discovery (OGS-D) and the Enterprise (OGS-E). Its specially designed waterwheel technology allows the fully automated system to recycle and reuse 95% of the water used while requiring a negligible amount of energy to run.
Advisors' Opinion:- [By Peter Graham]
Small cap green stocks Vision Industries Corp (OTCMKTS: VIIC), Bravo Enterprises Ltd (OTCMKTS: OGNG) and Kleangas Energy Technologies Inc (OTCMKTS: KGET) have reported recent news and/or they are being promoted. Of course, it goes without saying that small cap green stocks tend to be more volatile that other types of investments. So will investors and traders alike see some greenbacks from these green stocks? Here is a quick reality check:
Best Promising Stocks To Own Right Now: Energy Recovery Inc (ERII)
Energy Recovery, Inc. incorporated in April 1992, is engaged in developing, manufacturing and selling of energy recovery devices and circulation pumps primarily for uses in seawater desalination plants that use reverse osmosis technology. The Company's products are sold under the trademarks AquaBold, AquaSpire, ERITM, PXT, Pressure Exchanger, PX Pressure Exchanger, PEIT, Pump Engineering and Quadribaric. The Company develops and sells two main lines of energy recovery devices: PX pressures Exchanger devices and turbochargers. Each line includes a range of models and sizes to address the breadth of required process flow rates, plant designs and sizes. The company has two wholly owned subsidiaries: Energy Recovery Iberia, S.L. and ERI Energy Recovery Ireland Ltd. During the year ended December 2011, the Company merged three subsidiaries including, Osmotic Power, Inc.; Energy Recovery, Inc. International and Pump Engineering, Inc. into the parent company, Energy Recovery, Inc.
Energy recovery devices
The Company's PX offering includes: the PX-300 and PX-Q300; the 65 series (the PX-260, PX-220 and PX-180); the 4S series (PX-140S, PX-90S, PX-70S, PX-45S and PX-30S) and brackish PX devices (for the desalination of water with a lower concentration of salt than seawater). The Company's turbocharger offering includes: the HTCAT series (HTCAT-1800, HTCAT-2400, HTCAT-3600, HTCAT-4800, HTCAT-7200 and HTCAT-9600); the HALO line (HALO-50, HALO-75, HALO-100, HALO-150, HALO-225, HALO-300, HALO-450, HALO-500, HALO-600, HALO-900 and HALO-1200) and the LPT series for brackish water desalination applications (LPT-63, LPT-125, LPT-250, LPT-500, LPT-1000, LPT-2000 and LPT-3200).
High-pressure and Circulation pumps.
The Company manufactures and sells high-pressure feed, circulation and booster pumps for uses with its energy recovery devices in reverse osmosis desalination plants. The Company's line of pumps includes the AquaBold series (AquaBold 2x3x5, AquaBold 3x4x7 and ! AquaBold 4x6x9); the AquaSpire series (AquaSpire-300, AquaSpire-450, AquaSpire-600, AquaSpire-900, AquaSpire-1200, AquaSpire-1800, AaquaSpire-2400, AquaSpire-3600, AquaSpire-4800, AquaSpire-7200 and AquaSpire-9600) and a line of small circulation pumps.
Technical support and Replacement parts
The Company provides engineering and technical support to customers during product installation and plants commissioning. The Company also offers replacement parts and services for its PX devices and turbochargers. The Company's PX devices and turbochargers are also used to retrofit or replace older energy recovery devices in existing desalination plants.
The Company Competes with Flowserve Corporation (Flowserve) based in Irving, Texas and Fluid Equipment Development Company, Clyde Union Ltd., Duchting Pumpen Maschinenfabrik GmbH & Co KG, KSB Aktiengesellschaft, Torishima Pump Mfg. Co., Ltd. and Sulzer Pumps, Ltd.
Advisors' Opinion:- [By Ant贸nio Costa]
Energy Recovery, Inc. (NASDAQ: ERII) broke out of a small consolidation area with heavy volume and will likely have the attention of the swing-traders in the next days.
Best Promising Stocks To Own Right Now: Patterson Companies Inc.(PDCO)
Patterson Companies, Inc. operates as a distributor serving the dental, companion-pet veterinarian, and rehabilitation supply markets in North America. Its Dental Supply segment provides consumable dental supplies, such as x-ray film and solutions; impression and restorative materials; hand instruments; sterilization products; anesthetics; infection control products, including protective clothing, gloves, and facemasks; paper, cotton, and disposable products; toothbrushes; dental accessories; printed office products, office filing supplies, and practice management systems; x-ray machines, handpieces, dental chairs and handpiece control units, diagnostic equipment, dental lights, compressors, chair-side restoration systems, and inter-oral cameras; practice management and clinical software; hardware and networking solutions; and patient education solutions. The company?s Veterinary Supply segment offers consumable supplies, such as lab supplies, paper goods, needles and syr inges, gauze and wound dressings, sutures, latex gloves, and orthopedic and casting products; pharmaceuticals comprising anesthetics, antibiotics, ointments, and nutraceuticals; diagnostics; biologicals, including vaccines and injectibles; and equipment and software. Its Rehabilitation Supply segment provides dressing and grooming devices, and toileting, dining, and bathing aids; braces, splints, and orthotics; exercise bands, putty, weight balls, and mats; walkers, canes, and wheelchair accessories; rolls, wedges, seating and standers, and mobility assistance products; motor stimulation products; products for heating and cooling therapies, electrical stimulation, laser, ultrasound, paraffin, iontophoresis, and therapeutic creams and lotions; and rehabilitation equipment and software. The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004. Patterson Companies, Inc. was founded in 1877 and is based in St. Paul , Minnesota.
Advisors' Opinion:- [By Seth Jayson]
Patterson Companies (Nasdaq: PDCO ) reported earnings on May 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 27 (Q4), Patterson Companies met expectations on revenues and met expectations on earnings per share. - [By Vera Yuan]
During the quarter, the Fund initiated positions in eight companies and strategically added to positions in sixteen companies. Over the same time period, the Fund eliminated its holdings in six companies and strategically decreased its holdings in another five companies. Positions initiated during the last three months include: Dorman Products, Inc. (DORM), Dover Corp. (DOV), DSW Inc. (DSW), First Niagara Financial Group (FNFG), Packaging Corporation of America (PKG), Patterson Companies, Inc. (PDCO), The Travelers Companies Inc. (TRV), and Universal Health Services Inc (UHS). Positions eliminated during the past quarter include: ABB Ltd. (ABB), Ann Inc. (ANN), Baxter International (BAX), International Game Technology (IGT), TRW Automotive Holdings (TRW), and URS Corporation (URS).
- [By Eric Volkman]
Patterson (NASDAQ: PDCO ) has elected not to raise its quarterly shareholder payout. The company today declared a regular stock dividend of $0.16 per share, to be paid on July 26 to shareholders of record as of July 11. That amount matches the company's previous distribution, which was paid at the end of April. Before that, Patterson handed out $0.14 per share.
Best Promising Stocks To Own Right Now: Tetra Technologies Inc.(TTI)
TETRA Technologies, Inc. operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore. The Fluids Division manufactures and markets clear brine fluids, additives, and other associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in various countries in Latin America, Europe, Asia, the Middle East, and Africa; and markets liquid and dry calcium chloride products to non-energy markets. The Production Enhancement division offers production testing services in various oil and gas basins in the United States, as well as in Mexico, Brazil, northern Africa, and the Middle East; and wellhead compression-based production enhancement services in the onshore producing regions of the United States, as well as various onshore basins in Canada, Mexico, South America, Europe, and Asia. The Offshore division pr ovides offshore services, including downhole and subsea oil and gas services, such as well plugging and abandonment, and wireline services; decommissioning and construction services utilizing heavy lift barges and various technologies for offshore oil and gas production platforms and pipelines; and conventional and saturated air diving services. It also engages in the exploration, development, and production of oil and gas properties in the offshore and onshore U.S. Gulf Coast region. This division provides its services to oil and gas companies and independent operators. The company was founded in 1981 and is headquartered in the Woodlands, Texas.
Advisors' Opinion:- [By Ben Levisohn]
What a ride it’s been for investors in�Tetra Technologies (TTI) today.
Agence France-Presse/Getty ImagesShares of Tetra Technologies traded down as much as 16% this morning after the oil & gas services company reported a profit of 6 cents not including Maritech and other unusual items, missing analyst forecasts for 19 cents. Tetra Technologies also said it would make between 50 cents and 60 cents during fiscal 2014, below forecasts for 66 cents.
At 2:38 p.m., however, Tetra was trading down just 0.8% at $10.88. RBC’s Kurt Hallead and team explain why:
Tetra Technologies rallied after starting the day at -15%. We think there was an overreaction to the headline miss and�Tetra Technologies’ core operating business results, along with 2H14 guidance, were in line with expectations. Moving forward, the company has some key catalysts on the horizon that should lead to significantly improved operating performance and investor awareness. Key Catalysts:
1. Get Maritech (E&P P&A liability in GoM) off the books. Ideally by 3Q. Once this is done,�Tetra Technologies may implement a dividend or share repo program.
2. Broaden Production Testing customer base, which should lead to a ramp in margins.
3. Increase scale of Compressco through M&A, along with awareness of the MLP’s value to Tetra Technologies.
4. Sell the offshore services business to simplify business structure.
Shares of Tetra Technologies are down 12% in 2014.
- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to TETRA Technologies (NYSE: TTI ) .
- [By Monica Wolfe]
Tetra Technologies (TTI)
During the second quarter Ashton upped his stake in Tetra Technologies by 91.82%. The guru purchased 71,800 shares in the second quarter price range of $8.29 to $11.21, with an estimated average price of $9.74. Since his buy the price per share has increased approximately 20.1%.
- [By John Udovich]
Although oil prices are at multi year lows, now�might be the time to start taking a closer look at�small cap gas compression or enhanced oil recovery (EOR) stocks like TETRA Technologies, Inc (NYSE: TTI), Exterran Holdings, Inc (NYSE: EXH) and Propell Technologies Group Inc (OTCBB: PROP)�as oil and natural gas prices will�inevitably rise once again. To start with, natural gas compression services are�needed to transport natural gas from low-pressure wells into gathering systems, storage and processing facilities�as well as to maintain production as reservoir pressure declines. In addition, compression services�are used to extract gas from�unconventional natural gas sources like shale plays. As for so-called enhanced oil recovery or EOR, its�a generic term for the techniques used for increasing the amount of crude oil that can be extracted from an oil field with these potential methods including steam flood and water flood injection�or hydraulic fracturing�(so-called fracking). Naturally,�demand for compression services and EOR technologies are impacted by (the temporary)�low oil and gas commodity prices and so are the share prices for publicly traded stocks in the space.
Best Promising Stocks To Own Right Now: U.S. Silica Holdings Inc (SLCA)
US Silica Holdings, Inc. is a silica sand supplier company. The Company is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay. The Company operates in two segments: oil and gas, and industrial and specialty products. The Company�� shipping capabilities include five of the class-one railroads, barge, full truckload, partial truckload and intermodal. The Company�� products include proppants, whole grain silica, ground silica, fine ground silica, testing silica, recreational silica, aplite, kaolin, hydrous kaolin and FLORISIL. It also operates as a research and development specialist for customized products and solutions. The Company serves a range of industries and applications, which includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis.
Oil & Gas
The Company�� oil and gas segment include OTTAWA WHITE and SHALE FRAC product lines. The Company has a selection of offerings from number of mining and transload locations. Its products consist of unconventional reservoirs, including tight gas, coal bed methane, shale gas, and liquids.
Industrial & Specialty Products
The Company�� industrial and specialty products include glass, chemical, foundry, building products, fillers and extenders, recreation, industry filtration and treatment, and testing and analysis. The Company produces a range of whole grain silica, ground silica and kaolin clays.
Advisors' Opinion:- [By Alex Planes]
Hi-Crush Partners (NYSE: HCLP ) and U.S. Silica Holdings (NYSE: SLCA ) could also pose a threat to CARBO's higher-end products. CARBO has worked feverishly to convince drillers that ceramic proppants are much stronger than sand, and can withstand the high temperatures and pressures of deep, fractured wells. Since Hi-Crush's IPO, however, it does appear that the tide has shifted to sand, as Carbo's revenues have declined�while Hi-Crush and U.S. Silica have gained. Increased competition from a number of Chinese companies that have flooded the domestic market with cheap ceramic proppants is also a danger to CARBO's higher-quality products, provided that the cut-rate ceramics are actually up to the task.
- [By MONEYMORNING.COM]
This time let's use U.S. Silica Holdings Inc. (NYSE: SLCA), which we've been following in Strategic Tech Investor for most of this year. We've already made a double on it, and it's trading at near record highs.
- [By Maxx Chatsko]
2. U.S. Silica (NYSE: SLCA )
Shares of monocrystalline sand producer U.S. silica have soared this year along with the prospects for the country's energy production. The company's sand has become increasingly popular as a proppant, which are pumped into wells to keep fractures open and hydrocarbons flowing, for use in the oil and gas industry. Using proppants can significantly improve a well's profitability and productivity. Aside from its booming oil and gas business, U.S. Silica provides raw materials for various industrial purposes.
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