In the world of tech giants, some have become household names for investors. Others, though large and fast-growing, miss that attention, for better or for worse.
OpenText Corporation (OTEX) fits within the latter group. Since its inception as a search engine-type company in 1991, it has become something of a giant itself. It operates in the Enterprise Information Management industry, with annual revenue of more than $1.6 billion and capable of going head-to-head with names such as IBM�(IBM) and Hewlett Packard�(HPQ).
Source: OpenText Investor Presentation, September 2014
It came to our attention from its appearance on the Undervalued Predictable screener at GuruFocus; it gets a 4.5-Star predictability rating (very good), and its Discount Cash Value is 38% above its recent price.
History1991: A four-person consulting group is spun off from a University of Waterloo (Canada) project to index the Oxford English Dictionary
Top Integrated Utility Stocks To Watch For 2015: Great American Group Inc (GAMR)
Great American Group, Inc. (Great American), incorporated on May 7, 2009, is a provider of asset disposition and valuation and appraisal services to a range of retail, wholesale and industrial customers, as well as lenders, capital providers, private equity investors and professional service firms. The Company operates its business in two segments: liquidation and auction solutions and valuation and appraisal services. Its liquidation and auction divisions assist customers in the disposition of assets. Such assets include multi-location retail inventory, wholesale inventory, trade fixtures, machinery and equipment, intellectual property and real property. Great American�� valuation and appraisal services division provides its clients with independent appraisals in connection with asset-based loans, acquisitions, divestitures and other business needs. Its valuation and appraisal services division provides valuation and appraisal services to financial institutions, lenders, private equity investors and other providers of capital. These services primarily include the valuation of assets for purposes of determining and monitoring the value of collateral securing financial transactions and loan arrangements, and in connection with potential business combinations. In October 2009, Great American formed a subsidiary, GA Capital, LLC (GA Capital).
Auction and Liquidation Solutions
The Company enables its clients to dispose of under-performing assets and generate cash from excess inventory by conducting or assisting in store closings, going out of business sales, bankruptcy sales and fixture sales. It also provides merger and acquisition due diligence, through the Company�� auction and liquidation segment and reverse logistics and appraisal services, through its valuation and appraisal services segment. It provides retail auction and liquidation services on a fee and guarantee basis. In guarantee retail liquidation engagements, it takes title to any unsold inventory. The Company ! designs and implements disposition programs for its customers seeking to convert excess wholesale and industrial inventory and operational assets into capital. Assets in an orderly liquidation are available for sale on a privately negotiated basis over a period of months. This sale method is often employed to dispose of furniture, fixtures and equipment in connection with retail liquidations, as well as wholesale inventory or industrial equipment. The Company�� live auctions can cover single sites or multiple locations, and the Company utilizes point-of-sale software to generate customized sales reports and invoices and to track assets. The Company webcasts its live auctions over the Internet. This auction format allows online bidders to compete in real time against bidders at the live auction. Bidders can log onto the auction from personal computers, view and bid on lots as they come up for sale, hear the auctioneers as the sale is being conducted and, in some cases, view live streaming video of the auctioneer calling the bids on-site. In the online auction format, the sale of assets takes place online, without a live auctioneer calling the sale.
The Company provides advisory services relating to the wind down process from beginning to end, including negotiation of early lease terminations, sale of intellectual property and sale of completed inventory through the client�� historical distribution channels. It assists clients with managing the disposition of customer returns, obsolete inventory, extraneous fixtures and dated equipment. The Company serves as a broker, providing assistance in reaching target markets and potential buyers or marketing to its database of buyers and end users. The Company performs sealed bid sales in situations where asset disposition requires anonymity of the buyer or seller or involves other confidentiality concerns. In this process, potential buyers submit bids without knowledge of the amount bid by other participants. It also provides wholesale and industr! ial servi! ces on a fee, guarantee and an outright purchase basis. The Company commenced auctions for foreclosed residential real estate properties, through its joint venture with Kelly Capital during the year ended December 31, 2009. The Company coordinates the auction process, including the venue, personnel and onsite technological requirements. It also arranges for financial institutions, title and escrow companies to be onsite at the auction to provide onsite services to potential buyers. The Company provides its home auction services on a fee basis based on a percentage of sale prices and on an outright purchase basis.
Valuation and Appraisal Services
Great American�� valuation and appraisal teams provide independent appraisals to financial institutions, lenders and other providers of capital and other professional service firms for estimated liquidation values of assets. These teams include experts specializing in particular industry and asset classes. The Company provides valuation and appraisal services across five categories: Consumer and Retail Inventory, representative types of appraisals and valuations include inventory of specialty apparel retailers, department stores, jewelry retailers, sporting goods retailers, mass and discount merchants, home furnishing retailers and footwear retailers; Wholesale and Industrial Inventory, representative types of appraisals and valuations include inventory held by manufacturers or distributors of automotive parts, chemicals, food and beverage products, wine and spirits, building and construction products, industrial products, metals, paper and packaging; Machinery and Equipment, representative types of asset appraisals and valuations include a range of equipment utilized in manufacturing, construction, transportation and healthcare; Intangible Assets, representative types of asset appraisals and valuations include intellectual property, goodwill, brands, logos, trademarks and customer lists, and Real Estate, representative types of ass! et apprai! sals and valuations include owned and leased manufacturing and distribution facilities, retail locations and corporate offices.
The Company competes with overstock.com and eBay.
Advisors' Opinion:- [By CRWE]
Today,�GAMR has shed (-9.46%) down -0.035 at $.335 with 160�shares in play thus far (ref. google finance Delayed: 9:31AM EDT July 8, 2013), but don�� let this get you down.
Great American Group, Inc. has been selected to handle store closing sales at eight Orchard Supply Hardware locations, offering significant product discounts in the Citrus Heights, Fairfield, Huntington Beach, Lone Tree, Long Beach, Midtown, Newark and Vacaville stores
Orchard previously reported on June 17, 2013, that it had reached an agreement through which Lowe�� Companies, Inc. will acquire the majority of its assets but will allow Orchard to continue day-to-day operations as a separate, standalone business with its brand, strategy and management team intact. To facilitate the acquisition agreement and restructure its balance sheet, Orchard filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware. The agreement with Lowe�� comprises the initial stalking horse bid in the Court-supervised auction process under Section 363 of the Bankruptcy Code.
Top 10 Managed Healthcare Stocks To Buy For 2014: Virgin Australia Holdings Ltd (VBHLF)
Virgin Australia Holdings Limited (VAH) is an Australia-based company engaged in the development and operation of domestic and international airlines. VAH�� fleet includes ATR-72, Embraer 190, Boeing 737-700, Boeing 737-800, AIRBUS A330 and Boeing 777-300ER. It product includes Airbus A330 Business Class. During the fiscal year ended June 30, 2012, the Company carried 19,468,929 guests on 216 city pairs to 52 destinations, and operated 162,817 flights. On February 22, 2012, under the proposal, all of the shares in the international airline business of Virgin Australia were transferred to a new holding company, Virgin Australia International Holdings Pty Ltd. In April 2013, it acquired 100% of the issued share capital in Skywest Airlines Ltd. In July 2013, Virgin Australia Holdings Limited announced that it has acquired 60% interest of Tiger Airways Australia Pty Limited from Tiger Airways Holdings Limited. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australian stocks gave ground in early Friday trading, with banks broadly lower after overnight losses in the U.S., where investors worried that better-than-expected data would prompt the Federal Reserve to roll back stimulus soon. The S&P/ASX 200 (AU:XJO) lost 0.4% to 5,178.30, as National Australia Bank Ltd. (AU:NAB) (NAUBF) fell 1.8%, Australia & New Zealand Banking Group (AU:ANZ) (ANEWF) lost 0.8%, and Macquarie Group Ltd. (AU:MQG) (MCQEF) retreated 1.3%. Among the resource shares, losses for gold both in New York and in early Asian electronic trade helped send Evolution Mining Ltd. (AU:EVN) (CAHPF) down 1.9% and Kingsgate Consolidated Ltd. (AU:KCN) (KSKGF) off 4.5%, though Newcrest Mining Ltd. (AU:NCM) (NCMGF) held the drop to 0.4%. Oil prices managed a modest gain, however, resulting in a 0.2% rise for Oil Search Ltd. (AU:OSH) (OISHF) and Karoon Gas Australia Ltd. (AU:KAR) (KRNGF) , while Woodside Petroleum Ltd. (AU:WPL)
Top 10 Managed Healthcare Stocks To Buy For 2014: Pinecrest Energy Inc (PNCGF.PK)
Pinecrest Energy Inc. (Pinecrest), formerly Antler Creek Energy Corp., is a Canada-based junior oil and gas exploration company. Pinecrest is engaged in the acquisition, exploitation and development of petroleum and natural gas-related assets primarily in Western Sedimentary Basin. During the fiscal year ended July 31, 2010 (fiscal 2010), Pinecrest was engaged in two (0.4 net) wells that were drilled in the southeast Saskatchewan Bakken. On July 14, 2010, the Company acquired the Loon Properties. On July 14, 2010, Pinecrest acquired the Red Earth #1 Properties. On July 15, 2010, the Company acquired the Red Earth #2 Properties. Advisors' Opinion:- [By MLP Trader]
Here are the current top five companies in the list:
CompanySymbolEV/BOEPD/NetbackPrice/NAVEV/DACFPinecrest(PNCGF.PK)53564%4.0XLightstream(LSTMF.PK)131753%4.5XNovus(NOVUF.PK)133290%4.1XZargon(ZARFF.PK)138664%5.6XTwin Butte(TBTEF.PK)155885%5.5XOf the larger companies, one that remains obstinately near the top of the list is Lightstream . Lightstream trades at 40% of its book value and a whopping 13.4% yield.
Top 10 Managed Healthcare Stocks To Buy For 2014: Bollore SA (BOL)
Bollore SA is a France-based holding company which operates in 110 countries. The Company is active in several divisions: Bollore Africa Logistics, including freight forwarding, stevedoring, shipping lines and railways; Bollore Logistics with a presence in five continents; Bollore Energie which supplies domestic fuel and petroleum products; IER which designs, manufacture and markets terminals for controlling and reading tickets; Plastic Films for condensers, capacitors and packaging; Batteries and Supercapacitors, Electric Vehicles; Autolib��which offers a network of electric car rental; Communication and Media, which launched Digital Terrestial Television (DTT); Plantations because the Company owns oil palm and rubber plantations, through the Socfin Group and Financial Assets. As of September 27, 2012, the Company acquired minority stake in Vivendi SA and sold Direct 8 and Direct Star to Canal Plus SA. In January 2014, it acquired the outstanding 51% stake of LCN. Advisors' Opinion:- [By Sofia Horta e Costa]
Rio Tinto Group climbed 2.9 percent after saying it will cost $3 billion less than projected to increase iron ore output capacity. Boliden AB (BOL) added 3.1 percent as Morgan Stanley raised its rating on the stock. Thomas Cook Group Plc (TCG) rose 13 percent after the travel operator posted a 49 percent increase in full-year earnings. British tobacco companies slipped following a report that after a U.K. minister announced the review of cigarette packaging.
Top 10 Managed Healthcare Stocks To Buy For 2014: Impac Mortgage Holdings Inc (IMH)
Impac Mortgage Holdings, Inc. (IMH), incorporated in August 1995, operations include the mortgage and real estate fee-based business activities conducted by its subsidiaries: Integrated Real Estate Service Corporation (IRES), IMH Assets Corp. (IMH Assets) and Impac Funding Corporation (IFC). The Company�� operations include the mortgage and real estate fee-based business activities conducted by IRES and the long-term mortgage portfolio (residual interests in securitizations reflected as net trust assets and liabilities in the consolidated balance sheets. The mortgage lending activities include the origination, funding, selling and servicing of loans. The Company is focusing on originating loans eligible for sale to Fannie Mae and Freddie Mac, and government sponsored loans eligible for Ginnie Mae securities issuance.
Mortgage and real estate services
The Company created IRES to provide solutions to the mortgage and real estate markets. IRES performs services for investors, portfolio managers, servicers and individual borrowers, including mortgage lending services, portfolio monitoring and real estate services, surveillance and recovery services. The platform includes the mortgage lending operations, the portfolio loss mitigation and real estate services and formerly the title and escrow operations. The mortgage lending activities include the origination, funding, selling and servicing of loans. The Company is focusing on originating loans eligible for sale to Fannie Mae and Freddie Mac, and government sponsored loans eligible for Ginnie Mae securities issuance.
Master Servicing
In the ordinary course of business, the Company sells mortgage loans to the secondary market. The Company retains servicing on certain loans sold and earns servicing fees generally between 0.25% and 0.44% per annum of the monthly outstanding principal balance of the loans serviced. The Company has hired a nationally recognized residential sub-servicer to sub-service! the servicing portfolio. Although the Company uses a sub-servicer to provide primary servicing and certain default servicing functions, the Company's default management team, experienced in loss mitigation and real estate recovery, monitors and surveys the performance of the mortgage servicing portfolio. Incurring the cost of both a sub-servicer and an internal default management team reduces net servicing income, but it is an important investment used to minimize delinquencies and minimize repurchase risk. As of December 31, 2011, the total unpaid principal balance of mortgage loans serviced was $605.4 million.
Long-Term Mortgage Portfolio
The long-term mortgage portfolio consists of the residual interest in securitizations represented on the consolidated balance sheet as the difference between trust assets and trust liabilities. The long-term mortgage portfolio includes adjustable rate and fixed rate Alt-A single-family residential mortgages and commercial (primarily multifamily residential loans) mortgages that were acquired and originated by the Company. Alt-A mortgages are primarily first lien mortgages made to borrowers whose credit is within typical Fannie Mae and Freddie Mac guidelines, but have loan characteristics that make them non-conforming under those guidelines. Commercial mortgages in the long-term mortgage portfolio are adjustable rate mortgages with initial fixed interest rate periods of two-, three-, five-, seven- and 10-years that subsequently convert to adjustable rate mortgages (hybrid ARMs).
Advisors' Opinion:- [By Roberto Pedone]
Another stock that insiders are active in here is Impac Mortgage (IMH), which offers residential mortgage services in the U.S. Insiders are buying this stock into big time weakness, since shares are off by 27.4% so far in 2013.
Impac Mortgage has a market cap of $89 million and an enterprise value of $6.05 billion. This stock trades at a premium valuation, with a forward price-to-earnings of 124.10. This is not a cash-rich company, since the total cash position on its balance sheet is $14.15 million and its total debt is a whopping $5.98 billion.
A beneficial owner just bought 77,863 shares, or about $782,000 worth of stock, at $10 to $10.05 per share.
From a technical perspective, IMH is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been trending sideways in a consolidation pattern for the last month, with shares moving between $9.80 on the downside and $10.90 on the upside. A high-volume move above the upper-end of its sideways trading chart pattern soon could trigger a big breakout trade for shares of IMH.
If you're bullish on IMH, then look for long-biased trades as long as this stock is trending above some key near-term support at $9.80 and then once it breaks out above some near-term overhead resistance levels at $10.50 to $10.90 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 29,759 shares. If that breakout triggers soon, then IMH will set up to re-test or possibly take out its next major overhead resistance levels at $11.88 to $11.95. Any high-volume move above those levels will then give IMH a chance to tag $14.
Top 10 Managed Healthcare Stocks To Buy For 2014: Fast Retailing Co Ltd (FRCOF)
FAST RETAILING CO., LTD. is a Japan-based holding company primarily engaged in the clothing business. The Company operates in three business segments. The UNIQLO segment is engaged in the sale of casual clothing such as men's, women's, children's and babies' clothing, as well as other goods in domestic market and overseas markets under the brand name of UNIQLO. The Global Brand segment is engaged in the planning, manufacture and sale of clothing under the brands of COMPTOIR DES COTONNIERS, PRINCESSE TAM.TAM, Theory, Helmut Lang, PLST and others in domestic and overseas markets. The Others segment is involved in the leasing of real estate and others. As of August 31, 2012, the Company had 91 consolidated subsidiaries and six non-consolidated subsidiaries. In December, 2012, it acquired a 80.1% stake in United States-based J Brand Holdings, LLC. In September 2013, it established a wholly owned subsidiary, J Brand Japan Co., Ltd. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Stocks in Japan started with losses Friday, the final session before the release of the closely watched U.S. jobs report later in the day. The Nikkei Stock Average (JP:NIK) shed 0.3% to 15,836.37, as the yen edged higher against the U.S. dollar overnight, and the broader Topix gave up 0.5%. Tech issues were mostly lower, including a 3.3% pullback in Trend Micro Inc. (JP:4704) (TMICY) , and a 2.7% decline in Nintendo Co. (JP:7974) (NTDOF) . Nintendo shares rallied Thursday after China temporarily lifted a ban on manufacturing and selling video game consoles within in the country. But among Friday's best performers were shares of Fast Retailing Co. (JP:9983) (FRCOF) , up 4.4% after the company posted a nearly 9% rise in its fiscal first-quarter net profit to 楼41.85 billion ($399 million). Sales were driven by a nearly 80% gain in Fast Retailing's overseas sales at Uniqlo stores.
- [By WWW.MARKETWATCH.COM]
LOS ANGELES (MarketWatch) -- Japanese stocks have ended with losses in every session this week, and sure enough, the Nikkei Average (JP:NIK) was down 0.6% in early Friday trade, though off an opening 0.8% defecit, while the Topix carried a 0.7% loss. Overnight losses for the U.S. and further strength in the yen (with the dollar falling to 楼101.28 from 楼101.56 a day earlier) helped drag the market lower, as did results from Fast Retailing Co. (JP:9983) (FRCOF) , the shares of which hold the heaviest weighting on Nikkei Average. Fast Retailing said that while its Uniqlo brand was doing great business, weakness for its J Brand luxury demin label helped send September-May profit down 4% and prompted another cut to Fast's full-year outlook. Consequently, its shares traded 0.7% lower, though rivals Takashimaya Co. (JP:8233) and J. Front Retailing Co. (JP:3086) (JFROF) also saw losses of 0.6% and 0.5%, respectively. Among other decliners, Sony Corp. (JP:6758) (SNE) lost 0.7%, Toshiba Corp. (JP:6502) (TOSYY) fell 2.1%, Kawasaki Heavy Industries Ltd. (JP:7012) (KWHIY) fell 1.5%, Toyota Motor Corp. (JP:7203) (TM) and Nissan Motor Co. (JP:7201)
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Japanese stocks weakened in early Thursday trading as the yen rose and Wall Street ended mixed, with the Nikkei Stock Average (JP:NIK) falling 1.2% to 15,929.74 after a 1.9% advance a day earlier. With the yen (USDJPY) slightly firmer than in the previous session, some investors sold currency-sensitive exporters, with Fanuc Corp. (JP:6954) (FANUF) down 2%, Kyocera Corp. (JP:6971) (KYOCF) off 1.9%, and Fujitsu Ltd. (JP:6702) (FJTSY) losing 2.3%. News that China would lift a ban on some sales of videogame consoles had sent shares of Nintendo Co. (JP:7974) (NTDOF) shooting 11% higher on Wednesday, but apparent profit-taking sent the stock down 4.2% in early Thursday action. Shares of rival Sony Corp. (JP:6758) (SNE) , however, followed with a 4% rise, also possibly buoyed by a Nikkei Asian Review report that it was planning a "smartphone offensive" in the U.S. and China. Canon Inc. (JP:7751) (CAJ) fell 2% on a separate Nikkei report that the company's 2013 operating profit would miss forecasts. Toshiba Corp. (JP:6502) (TOSYY)
Top 10 Managed Healthcare Stocks To Buy For 2014: ATA Inc.(ATAI)
ATA Inc., through its subsidiaries, provides computer-based testing services in the People?s Republic of China. It offers services for the creation and delivery of computer-based tests utilizing its test delivery platform, proprietary testing technologies, and testing services; and provides logistical support services relating to test administration. The company?s computer-based testing services are used for professional licensure and certification tests in various industries, including information technology (IT) services, banking, securities, teaching, and insurance. Its e-testing platform integrates various aspects of the test delivery process for computer-based tests ranging from test form compilation to test scoring, and results analysis. ATA also provides career-oriented educational services, such as single course programs, degree major course programs, and pre-occupational training programs focusing on preparing students to pass IT and other vocational certification tests; test preparation and training programs and services to test candidates preparing to take professional certification tests in securities, futures, banking, insurance and teaching industries; online test preparation and training platform for the securities and banking industries; and test preparation software for the teaching industry. In addition, the company offers HR select employee assessment solution, an online system that utilizes its proprietary software and an inventory of test titles to help employers improve the efficiency and accuracy of their employee recruitment process. As of March 31, 2010, it had contractual relationships with 1,988 ATA authorized test centers. The company serves Chinese governmental agencies, professional associations, IT vendors, and Chinese educational institutions, as well as individual test preparation services. ATA Inc. was founded in 1999 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
Industrials stocks gained Friday, with ATA (NASDAQ: ATAI) leading advancers. Meanwhile, gainers in the sector included Plug Power (NASDAQ: PLUG), with shares up 22 percent, and Korn/Ferry International (KFY), with shares up 12 percent. In trading on Friday, basic materials shares were relative laggards, down on the day by about 1.36 percent. - [By Jake L'Ecuyer]
Leading and Lagging Sectors
Industrials stocks gained Friday, with ATA (NASDAQ: ATAI) leading advancers. Meanwhile, gainers in the sector included Plug Power (NASDAQ: PLUG), with shares up 22 percent, and Korn/Ferry International (KFY), with shares up 12 percent. In trading on Friday, basic materials shares were relative laggards, down on the day by about 1.36 percent.
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