On a relative scale, the industrial sector has not been performing well on a year-to-date basis. This is in contrast to what the market had expected especially after an improving housing market and growth in developing economies. However, the good news is that the industrial goods sector has been on a tear since the last week after China reported solid growth figures.
The following graph shows that:
The question arises more »
One of the better-performing sectors of the economy, along with auto and housing, has been utilities/industrials. According to the Board of Governors of the Federal Reserve System, industrial production by utilities rose 10.5% year-over-year through Mar. 31. This is a trend that may persist for several years, as electric and gas utilities spend on projects to upgrade and improve the efficiency of their distribution systems.
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Mario Gabelli, the chairman and CEO of GAMCO Investors, has a good investment performance record of 11.7% annualized return for the past 25 years, beating the S&P500 annualized return of 9.7%. Recently, he has been getting more bullish on Layne Christensen (NASDAQ: LAYN) a global water treatment small-cap business. Should we follow his lead? Let’s find out.
On April 4, Gabelli raised his stake in the more »
Mario Gabelli, the chairman and CEO of GAMCO Investors, is getting more bullish on Layne Christensen Company (NASDAQ: LAYN) a global water treatment small-cap business. On April 4, he raised his stake in the company by more than 11.8%, holding around 1.58 million shares in Layne. Since the beginning of the year, Layne hasn’t done well on the stock market, dropping by nearly 17%. Should we follow more »
Many small and large cap companies have initiatives and capital investments in the wind energy industry. All are investing in a sector that has noteworthy ideals and strategic plans for success. The wind energy industry is still feeling its way through an environment getting more and more crowded with alternative energy enterprises.
In the wake of Sandy many homeowners and businesses remained without power for weeks. This clearly brought to notice the requirement for a good power grid across the country. Power grid construction companies will benefit from the added revenue that they obtain directly from fixing the damage caused by Sandy and will benefit indirectly as demand across the industry will be greatly increased and thus capacity will be strained.
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An extended power outage lasting for more than one day was a rare event once upon a time. Now power outages lasting for extended periods are occurring with higher frequency. Last June, a wind storm called “Derecho” knocked out power in my local area for 8 days. Other nearby areas was without power for 2 weeks. On the morning of Oct. 30, a snowstorm brought on by Hurricane Sandy knocked out power in my area for nearly 4 days. As I write this, the lights still blink at random giving me concern as to whether to have my generator on standby. It seems that we are in a new reality where a less reliable electric grid is the norm and I believe four companies will benefit.
[Continued from part 6]
Nick Slepko: Do you have any investments in Cuban-American public companies?
Tom Herzfeld: Cuban-American or not, Mastec (NYSE: MTZ) is a great company by most metrics. The company’s founder Jorge Mas Canosa was a very prominent Cuban-American leader…Mastec was one of our earlier holdings. I more »
It is a well-known fact that the infrastructure (roads, bridges, utilities) in the US has been deteriorating for years. With the slowing economy and shrinking municipal budgets over the past 4 years in particular the situation has only gotten worse. Now the White House is getting ready to address the problem in the proposed 2013 budget.
Even if Republicans are able to trim out some of the infrastructure spending in more »