The Shadow 200 is one of the few UAVs that received an increase in procurement funding in the DOD's 2015 budget. Photo: Wiki Commons
Unmanned Aerial Vehicles, or UAVs, have emerged as the largest growth industry in the global aerospace industry, with worldwide expenditures projected to reach $89 billion by 2025. However, with the commercial use of drones awaiting Federal Aviation Administration regulations, and considering that export licenses are difficult to obtain, U.S. companies remain dependent on government contracts to fuel their contributions to the UAV industry's growth. The budget cuts imposed on the Department of Defense by the Bipartisan Budget Control Act of 2013 are making those government contracts harder to come by. DOD procurement expenditures for UAVs have decreased from $3.9 billion in 2013 to a requested $2.4 billion for 2015. The decrease in funding will hit some companies harder than others.
Best Undervalued Stocks To Own Right Now: Layne Christensen Company(LAYN)
Layne Christensen Company provides drilling, water treatment, and construction services, and related products to water infrastructure and mineral exploration markets. The company?s Water Infrastructure division offers a range of water-related products and services, including soil stabilization, hydrological studies, well design, drilling and development, pump installation, sewer rehabilitation, pipeline construction, and well rehabilitation services; and environmental drilling services to assist in assessing, investigating, monitoring, and characterizing water quality and aquifer parameters. This division also provides water treatment equipment engineering services; systems for the treatment of regulated and nuisance contaminants, such as iron, manganese, hydrogen sulfide, arsenic, radium, nitrate, perchlorate, and volatile organic compounds; wastewater pipeline and structure rehabilitation services; and geotechnical construction services to the heavy civil, industrial, a nd commercial construction markets, as well as designs and constructs water and wastewater treatment plants, and pipeline installations. Its Mineral Exploration division offers exploratory and definitional drilling services for the global mineral exploration industry. The company?s Energy division involves in the acquisition, exploration, development, and production of oil and natural gas primarily in the Midwestern United States. As of January 31, 2011, Layne Christensen Company had approximately 244,000 gross acres under lease and 643 gross producing wells. It also provides energy services. The company offers its services to municipalities, investor-owned water utilities, industrial and mining companies, consulting engineering firms, heavy civil construction contractors, oil and gas companies, and agribusiness. It has operations in North America, Africa, Australia, Europe, and Brazil. Layne Christensen Company was founded in 1981 and is headquartered in Mission Woods, Kan sas.
Advisors' Opinion:- [By George Putnam]
Over its 130-year history Layne Christensen (LAYN) has evolved from a domestic water company into a global provider of services to the water infrastructure, mining, and oil and gas industries; its clients include both governmental and private entities.
- [By Damian Illia]
On Dec. 9, Mario Gabelli added Layne Christensen Company (LAYN). Layne is a water management, construction and drilling company. The company has five segments: Water Resources Division, Inliner Division, Heavy Civil Division, Geoconstruction Division and Mineral Exploration Division.
- [By Sue Chang]
Layne Christensen (LAYN) �is projected to post a loss of 36 cents a share, according to a consensus survey by FactSet. Underperformance of the company�� minerals business is expected to cap the stock�� upside, according to analyst Gerard Sweeney at Boenning & Scattergood. He estimates the stock�� fair value for 2014 to be $16 to $17. Layne Christensen shares closed up 4.6% to $15.21 on Friday.
- [By Rich Smith]
Mission Woods, Kansas-based Layne Christensen (NASDAQ: LAYN ) has a new Chief Financial Officer.
On Friday, the heavy construction company announced it has hired former SEH Offshore Ventures CFO, and Seahawk Drilling CEO, James R. Easter to become its own new CFO. A graduate of University of Texas, Austin, with an M.B.A. from the Thunderbird American Graduate School of International Management, Easter will replace outgoing CFO Jerry Fanska, who announced his retirement in December.
5 Best Stocks To Invest In Right Now: Pitney Bowes Inc(PBI)
Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions worldwide. It offers a suite of equipment, supplies, software, services, and solutions for managing and integrating physical and digital communication channels. The company?s Small & Medium Business Solutions group engages in the sale, rental, and financing of mail finishing, mail creation, and shipping equipment and software; provision of supply, support, and other professional services; and provision of payment solutions. Its Enterprise Business Solutions group sells, supports, and offers other professional services for high-speed production mail systems, and sorting and production print equipment; and sells and provides support services for non-equipment-based mailing, customer relationship and communication, and location intelligence software. This group also offers facilities management services; secure mail services; reprographic document management services; and litigation support and eDiscovery services, as well as provides presort mail services and cross-border mail services; and direct marketing services. Pitney Bowes Inc. markets its products and services through its sales force, direct mailings, outbound telemarketing, and independent distributors and dealers to various business, governmental, institutional, and other organizations. The company, formerly known as Pitney Bowes Postage Meter Company, was founded in 1920 and headquartered in Stamford, Connecticut.
Advisors' Opinion:- [By Jim Woods]
While the company still plans to dole out dividends, it is altering 2013 payments that were slated to be paid out next year. For one, the cash payment due in January was cancelled. Also, BBVA said it would increase the dividend payout due in April to help compensate for the January suspension, but in the end, BBVA stock will end up cutting its total payouts from 2013 from 0.42 euros to 0.37 euros.
Pitney Bowes (PBI)
What do you do when you��e essentially a print-oriented company trapped in a digital world?
5 Best Stocks To Invest In Right Now: Enventis Corp (ENVE)
Enventis Corporation, formerly HickoryTech Corporation, is an integrated communications provider. The Company has a five-state fiber network spanning more than 3,250 route miles with facilities-based operations across Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin. Enventis Telecom, Inc. (Enventis) provides business Internet protocol (IP) voice, data and video solutions, Multi-Protocol Label Switching (MPLS) networking, data center and managed hosted services and communication systems. HickoryTech delivers broadband, Internet, digital television (TV), voice and data services to businesses and consumers in southern Minnesota and northwest Iowa. The Company�� operations are conducted through nine subsidiaries. Its Fiber and Data and Equipment Segments subsidiaries include Enventis, Enterprise Integration Services, Inc. (EIS) and IdeaOne. Its Telecom Segment subsidiaries include Mankato Citizens Telephone Company (MCTC), Mid-Communications, Inc. (Mid-Com), Heartland Telecommunications Company of Iowa, Inc. (Heartland), Cable Network, Inc. (CNI), Crystal Communications, Inc. (Crystal) and National Independent Billing, Inc. (NIBI). The Company operates in three segments: Fiber and Data, Equipment and Telecom. The Company formed Enterprise Integration Services, Inc. (EIS) on January 2, 2012. On March 1, 2012, the Company acquired IdeaOne Telecom Group, LLC.
Fiber and Data and Equipment segments portion of its business serves customers across a five-state region with IP-based voice, transport, data and network solutions, managed services, equipment, network integration and support services. Through its regional fiber network, the Company provides wholesale fiber and data services to regional and national service providers, including interexchange and wireless carriers. It also specializes in providing integrated unified communication solutions for businesses, such as enterprise multi-office organizations, small and medium-sized businesses (SMB), primarily in the Upper Midwes! t. Residential customers are not targeted by the Fiber and Data or Equipment Segments. Its Telecom Segment provides residential and business services, including high-speed Internet, broadband services, digital TV and voice services in its legacy telecom markets. Telecom consists of the operation of local telephone companies or incumbent local exchange carriers (ILEC) and the operation of a competitive local exchange carrier (CLEC). All of its telecom operations are operated as one integrated unit. Its ILECs and CLEC are the primary users of the services provided by its subsidiary, National Independent Billing, Inc. (NIBI). NIBI also sells its services externally to other companies in the communications industry.
Fiber and Data and Equipment Segments
The Company, through its two business-to-business segments, Fiber and Data and Equipment, provides integrated data services and fiber based communication solutions, including IP-based voice, data and network solutions to business customers in the Upper Midwest. The product portfolio includes fiber, data and Internet, Voice and Voice over IP (VoIP), Managed and hosted services and data center services. As of December 31, 2011, it owned or had long-term leases to approximately 2,175 fiber route miles of fiber optic cable, including 225 miles acquired with the IdeaOne acquisition and has metro fiber optic rings that directly connect the network with businesses (interexchange carriers, wireless carriers, retail, health care, Government and education customers). Additional local fiber rings connect its network to local telephone central offices along with the Telecom Sector network, which has 1,155 fiber optic miles. It also serves customers through interconnections that are leased from third party service providers.
The Company�� product portfolio includes SingleLink Unified Communications (SingleLink), a hosted or managed IP communications service, which includes local and long distance voice, business IP telephony via ! a hosted ! IP private branch exchange, unified messaging and Internet access. The SingleLink solution is primarily targeted at SMB customers but also has enterprise customer applications. IdeaOne Telecom Group, LLC is a metro fiber network provider in Fargo, North Dakota. IdeaOne provides data networking, Internet, colocation, phone and hosting services to approximately 3,600 customers in the Fargo area. The acquisition added 225 fiber route miles to HickoryTech�� regional network. It has Minnesota offices located in Minneapolis, Duluth and Rochester and operates data centers in Edina, Duluth and Mankato. It also has an office located in the Des Moines, Iowa area. The Equipment segment product portfolio includes equipment solutions, total care support and monitoring and professional services. The Company provides converged IP services that allow all communications (voice, video and data) to use the same IP data infrastructure. Equipment solutions include TelePresence, Unified Communications, Data Center and Virtualization, Professional Services, Total Care and Security.
Telecom
The Telecom Segment provides local telephone service, long distance, calling features, digital subscriber line (DSL), Internet, digital TV, data services and a phone book directory to residents and businesses in its legacy markets. As an auxiliary business, the data processing services of NIBI are also included within this Sector. Telecom includes three ILECs: MCTC, Mid-Com and Heartland. MCTC and Mid-Com provide telephone services in south central Minnesota, specifically the Mankato, Minnesota region, and 11 rural communities surrounding Mankato. Heartland, its third ILEC, provides telephone services for 11 rural communities in northwest Iowa. In total, there are 23 ILEC exchanges within this Segment. Also included is a CLEC, Crystal, which provides services in south central Minnesota and near Des Moines, Iowa. There are eight Minnesota CLEC exchanges and two Iowa CLEC exchanges. NIBI provides data processing an! d related! services for its affiliated companies, as well as for other ILECs, CLECs, interexchange network carriers, wireless companies and cable TV providers throughout the United States and Canada.
The Company owns and operates a 1,075 mile fiber optic network and facilities in Minnesota and Iowa. These facilities are used to transport voice, data and video services between the Company�� exchanges, to connect customers to interexchange carriers and to provide service directly to end users. This network is interconnected with its 2,175 fiber mile network in the Fiber and Data Segment. Its Minnesota ILECs and CLEC are the primary users of these fiber optic cable facilities. The Company provides interexchange telephone access by connecting the communications networks of interexchange carriers and wireless carriers with the equipment and facilities of end users through its switched networks or private lines. As local exchange telephone companies, it provides end office switching and circuits to long distance interexchange carriers. The Company provides access to its network for interexchange carriers to conduct long distance business with individual customers who select a long distance carrier for the origination and termination of calls to all customers.
Advisors' Opinion:- [By Anna Prior]
Consolidated Communications Holdings Inc.(CNSL) has agreed to acquire broadband communications provider Enventis Corp.(ENVE) in an all-stock deal that values Enventis at about $228 million. The deal values Enventis at about $16.50 a share, a 17% premium to Friday’s close.
5 Best Stocks To Invest In Right Now: Centor Energy Inc (CNTO)
Centor Energy Inc, formerly Centor, Inc., incorporated on February 16, 2011, is an exploration-stage company. The Company is engaged in the business of mineral exploration.
On November 26, 2012, the Company entered into a purchase agreement with Bullnet Gold Resources Limited. As of May 31, 2013, the Company had not generated revenues. As of May 31, 2013, the Company had no mining operations.
Advisors' Opinion:- [By John Udovich]
While the Bakken formation is already on most investor radars,�few American investors may realize that the formation stretches North into the oil and gas rich Canadian province of Saskatchewan where�stocks like Surge Energy Inc (TSE: SGY), Questerre Energy Corp (TSE: QEC), Crescent Point Energy Corp (TSE: CPG), Keyera Corp (TSE: KEY) and Centor Energy Inc (OTCBB: CNTO) have been pumping out a good flow of newsworthy news in recent weeks. I should mention that Canada�� oil reserves are ranked #3 after to Venezuela and Saudi Arabia with over 95% of these reserves being the oil sands of Alberta while the neighboring province of Saskatchewan (which the Bakken formation stretches into from South Dakota and Montana) along with offshore areas of Newfoundland also contain substantial production and reserves (Note:�Excluding oil sands, Alberta would have 39% of Canada�� remaining conventional oil reserves,�followed by�offshore Newfoundland with�28% and Saskatchewan with 27%).
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