Robert Olstein (Trades, Portfolio) is the chairman and chief investment officer of the Olstein Financial Alert Fund (OFALX). He is considered to be an expert in corporate financial disclosure and reporting practices.
A description of their investment philosophy can be found here.
Let�� take a look at his top three buys over the last quarter:
AT&T (T): This is a new holding for the fund. Olstein bought 146,000 shares at prices between $33.1 and $36.45. The current stock price is 33.01, i.e. a 5% to the average high-low price over the period. The stock has been in a bear trend for more than a year but counts Gurus James Barrow (Trades, Portfolio) and Brian Rogers (Trades, Portfolio) as biggest holders. AON (AON): The fund purchased 60,000 shares in the insurance company for a 0.75% impact to the portfolio. The stock is still trading at the upper bound of the high-low price ranges over the past quarter. Aon PLC provides risk management and human capital consulting services, delivering distinctive client value via risk management solutions, including insurance and reinsurance brokerage and workforce productivity solutions. It is also noteworthy that the stock saw a large insider buy of more than $2 million by one of the company�� director 10 days ago. International Game Technology (IGT): IGT is a global gaming company specializing in the design, manufacture and marketing of electronic gaming equipment and systems products. The Olstein fund added 246,000 shares of the company over the last quarter. The current price is at a 20% discount to the average of the price range over the period. It is noteworthy that Guru John Hussman (Trades, Portfolio) also bought 500,000 shares over the same period.Also check out: Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks, and Stocks that Robert Olstein keeps buying
Currently 3.00/512345
Rating: 3.0/5 (2 votes)
5 Best Consumer Stocks To Own Right Now: HSN Inc. (HSNI)
HSN, Inc., an interactive multi-channel retailer, provides retail experiences through various platforms, including television, online, mobile, catalogs, and retail and outlet stores. It markets and sells a range of third party and private label merchandise primarily in the United States. The company�s HSN segment offers jewelry, apparel and accessories, beauty and wellness products, housewares, home fashions, electronics, culinary, and fitness and other products directly to consumers through television home shopping programming broadcast on the HSN television networks, HSN.com Website, its mobile applications, and outlet stores. Its Cornerstone segment provides home furnishings, including indoor/outdoor furniture, window treatments, and other home related goods under the Frontgate, Ballard Designs, Grandin Road, and Improvements brands; and apparel and accessories under the Garnet Hill, TravelSmith, and Chasing Fireflies names through various branded catalogs and related Web sites. As of February 21, 2013, this segment distributed approximately 300 million catalogs; and operated 8 separate digital sale sites, and 11 retail and outlet stores. HSN, Inc. was founded in 1981 and is headquartered in St. Petersburg, Florida.
Advisors' Opinion:- [By Lawrence Meyers]
Diller then spins off some of these entities into public companies, as he did with Home Shopping Network (HSNI) and timeshare company Interval Leisure Group (IILG). The company�� 52 week high was $80.64, it trades right now at $66. I�� love to make this one of my stocks to buy in the below the $50 mark, but IACI would be a bargain under $55.
Top 10 Low Price Stocks To Invest In Right Now: Coca-Cola Amatil Ltd (CCLAF)
Coca-Cola Amatil Limited (CCA) with its subsidiaries is engaged in the manufacture, distribution and marketing of carbonated soft drinks, still and mineral waters, fruit juices, coffee and other alcohol-free beverages. CCA operates in four business segments: The Australia, New Zealand and Fiji, and Indonesia and PNG segments. CCA is also engaged in the processing and marketing of fruits, vegetables and other food products, and the manufacture and distribution of alcohol ready-to-drink products, and the distribution of premium spirits and beer brands. The Company�� principal operations are in Australia, New Zealand, Fiji, Indonesia and Papua New Guinea (PNG). On January 13, 2012, the sale of CCA�� 50% interest in Pacific Beverages to SABMiller was completed. On February 21, 2011, the Company acquired Vending business, a non-alcohol beverage in Australia. On September 7, 2012, CCA acquired an 89.6% shareholding in Paradise Beverages (Fiji) Ltd (Paradise Beverages). Advisors' Opinion:- [By Daniel Inman]
Also in Sydney, Coca-Cola Amatil (AU:CCL) � (CCLAF) �dropped 4.7% after warning that its fiscal 2014 operating profit was likely to fall 5% to 7% on the previous year.
Top 10 Low Price Stocks To Invest In Right Now: Forestar Group Inc (FOR)
Forestar Group Inc. (Forestar) is a real estate and natural resources company. The Company owns directly or through ventures almost 147,000 acres of real estate located in nine states and 12 markets and about 595,000 net acres of mineral interests. As of December 31, 2011, the Company had approximately 131,000 acres of timber on its 147,000 real estate acres and about 17,000 acres of timber under lease. During the year ended December 31, 2011, the Company generated revenues of $136 million. It operates in three segments: Real estate, Mineral resources and Fiber resources. Its real estate segment generated 78% of its 2011 consolidated revenues. The Company sells wood fiber from portions of its land, primarily in Georgia, and lease land for recreational uses. It leases its mineral interests to third parties for the exploration and production of oil and natural gas, principally in Texas and Louisiana. On January 20, 2012, it sold its 25% interest in Palisades West LLC to Dimensional Fund Advisors L.P. In September 2012, the Company acquired CREDO Petroleum Corp.
Real estate
In the Company�� real estate segment, it conducts an array of project planning and management activities related to the acquisition, entitlement, development and sale of real estate, primarily residential and mixed-use communities. It owns and manages its projects either directly or through ventures. Its development projects are principally located in the markets of Texas. The Company has over 16,000 acres entitled, developed and under development, consisted of land planned for over 27,000 residential lots and about 2,500 commercial acres. In 2011, it sold over 17,000 acres of undeveloped land through its retail land sales program. In addition, it sold 112 entitled acres from two residential projects. The majority of its projects are single-family residential and mixed-use communities. During 2011, the Company acquired 180 substantially completed residential lots in Houston, Texas; three multifamily develo! pment sites located in Austin, Denver, and Dallas.
The Company develops lots for single-family homes and develops multifamily properties on its commercial tracts or other developed sites it may purchase. In addition, the Company sells commercial tracts that are ready for construction of buildings for retail, office, industrial or other commercial uses. It sells residential lots primarily to national and regional homebuilders and, to a lesser extent, local homebuilders. The Company has 75 entitled, developed or under development projects in seven states and 11 markets, principally in the markets of Texas, encompassing over 16,000 remaining acres, consisted of land planned for over 27,000 residential lots and about 2,500 commercial acres. It also markets and sells undeveloped land through its retail sales program.
Commercial tracts are developed internally or sold to or ventured with commercial developers that specialize in the construction and operation of income producing properties, such as apartments, retail centers, or office buildings. The Company also sells land designated for commercial use to regional and local commercial developers. It has about 2,500 acres of entitled land designated for commercial use. Cibolo Canyons is a mixed-use project in the San Antonio market area.
Mineral Resources
The Company owns mineral interests beneath approximately 595,000 net acres located in the United States, principally in Texas, Louisiana, Georgia and Alabama. It is engaged in leasing certain portions of these mineral interests to third parties for the exploration and production of oil and natural gas. Of the Company�� 595,000 net acres of mineral interests, about 515,000 net acres are available for lease. It has about 80,000 net acres leased for oil and natural gas exploration activities, of which about 32,000 net acres are held by production from over 530 oil and natural gas wells that are operated by others. During 2011, the Company acquired unproved le! asehold p! roperties associated with 13,000 net mineral acres in Alabama and Georgia.
The Company has about 251,000 net mineral acres in East Texas and about 144,000 net mineral acres in Louisiana located within the East Texas and Gulf Coast Basins. It has mineral interests in and around production trends in the Wilcox, Frio, Cockfield, James Lime, Pettet, Travis Peak, Cotton Valley, Austin Chalk, Haynesville Shale and Bossier formations. The Company has about 1,000 net mineral acres in the Fort Worth Basin. It also has mineral interests in and around the Barnett Shale. The Company has about 40,000 net mineral acres in Alabama and about 157,000 net mineral acres in Georgia. The Company did not drill any wells in 2011.
Fiber Resources
The Company has about 131,000 acres of timber it owns directly or through ventures and about 17,000 acres of timber under lease. In 2011, it sold to Temple-Inland, over 323,000 tons of timber from its lands. During 2011, about 131,000 acres of its land, primarily in Georgia, were leased for recreational purposes. During 2011, the Company sold 57,000 acres of timberland in Georgia, Alabama, and Texas.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Forestar Group (NYSE: FOR ) , whose recent revenue and earnings are plotted below. - [By Andy Batts]
The shares of Forestar Group (FOR) are trading at ~30% discount to the company's NAV. The company operates in three business segments: real estate, oil and gas, and other natural resources. Forestar has a rich portfolio of assets and businesses, including 133,000 acres of real estate; 752,000 acres of oil and gas properties; 1.5 million acres of water rights; and 275,000 acres of timberland.
Top 10 Low Price Stocks To Invest In Right Now: Hawkins Inc. (HWKN)
Hawkins, Inc. distributes bulk chemicals, as well as blends, manufactures, and distributes specialty chemicals. The company operates through two segments, Industrial and Water Treatment. The Industrial segment provides industrial chemicals, products, and services primarily to the agriculture, energy, electronics, food, chemical processing, pulp and paper, pharmaceutical, medical device, and plating industries. This segment primarily offers acids, alkalis, and industrial and food-grade salts; and receives, stores, and distributes various chemicals, including liquid caustic soda, sulfuric acid, hydrochloric acid, phosphoric acid, potassium hydroxide, and aqua ammonia. In addition, it manufactures sodium hypochlorite, agricultural products, and certain food-grade products comprising Cheese-Phos liquid phosphate, lactates, and other blended products; repackages water treatment and bulk industrial chemicals; and performs custom blending of certain chemicals, and contract and pr ivate label packaging for household chemicals. This segment primarily conducts its operations through distribution centers and terminal operations. The Water Treatment segment provides chemicals, equipment, and solutions for potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool water. Hawkins, Inc. was founded in 1938 and is based in Minneapolis, Minnesota.
Advisors' Opinion:- [By Seth Jayson]
Hawkins (Nasdaq: HWKN ) reported earnings on May 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Hawkins met expectations on revenues and beat expectations on earnings per share.
Top 10 Low Price Stocks To Invest In Right Now: Hydrogenics Corp (HYGS)
Hydrogenics Corporation, incorporated on June 10, 2009, together with its subsidiaries, designs, develops and provides hydrogen generation and fuel cell products based on water electrolysis technology and proton exchange membrane (PEM) technology. The Company conducts its business through two business units: OnSite Generation, which focuses on hydrogen generation products for renewable energy, industrial and transportation customers, and Power Systems, which focuses on fuel cell products for original equipment manufacturers (OEMs) systems integrators and end users for stationary applications, including backup power, and motive applications, such as forklift trucks. The Company�� products include HySTAT hydrogen generation equipment in its OnSite Generation business and HyPM fuel cell products in its Power Systems business.
The Company maintains operations in Belgium, Canada and Germany. Its OnSite Generation business segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets. The Company�� Power Systems business segment is based in Mississauga, Canada, with a satellite facility in Gladbeck, Germany, and develops products for energy storage, stationary and motive power applications.
OnSite Generation
The Company�� OnSite Generation business segment, is based on water electrolysis technology, which includes the decomposition of water into oxygen (O2) and hydrogen gas (H2) by passing an electric current through a liquid electrolyte. Its brand includes HySTAT electrolyzer products, which is configured for both indoor and outdoor applications. Its OnSite Generation products are sold to merchant gas companies, such as Air Liquide and Linde Gas and end-users requiring hydrogen produced on-site for industrial applications. The Company also sells and services products for oil and gas companies, such as Shell Hydrogen, requiring hydrogen fueling stations for transportation applications.
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Power Systems
The Company�� Power Systems business segment is based on PEM fuel cell technology, which transforms chemical energy liberated during the electrochemical reaction of hydrogen and oxygen into electrical energy. It also develops and delivers hydrogen generation products based on PEM water electrolysis, which can also be used to serve the energy storage markets. Its target markets include backup power for telecom and data centre installations and motive power applications, such as buses, trucks and utility vehicles. The Company�� Power Systems products are sold to original equipment manufacturers (OEMs), such as CommScope, Inc. (CommScope) to provide backup power applications for telecom installations and vehicle and other integrators for motive power, direct current (DC) and alternative current (AC) backup. In addition, its products are sold for prototype field tests. The Company also sells its Power Systems products to the military.
HySTAT Hydrogen Stations
HySTAT Hydrogen Stations offer an on-site supply of hydrogen for a range of hydrogen applications, including vehicle fuelling, distributed power, and a variety of industrial processes. It also provides spare parts and service for its entire installed base.
As of December 31, 2011, the Company offered its HySTAT Hydrogen Station in multiple configurations based on the amount of hydrogen required. This product is suitable for producing continuous or batch supplies of hydrogen for industrial processing applications and generates between 10 - 60 normal cubic meters per hour (Nm3/hr) of hydrogen.
HyPM Fuel Cell Products
The Company�� HyPM fuel cell products provide electrical power from clean hydrogen fuel. Its HyPM fuel cell products include HyPM Fuel Cell Power Modules, HyPX Fuel Cell Power Pack, Integrated Fuel Cell Systems and Engineering Development Services. Its HyPM power module runs on hydrogen and produces direct current (DC) power. This product! is suita! ble for a range of stationary, mobile and portable power applications. The HyPM XR model is targeted at backup power applications and the HyPMHD model is targeted at motive power applications. The Company�� HyPX Power Pack includes a HyPM power module integrated with hydrogen storage tanks and ultracapacitors that provide higher power in short bursts. Its integrated fuel cell systems are built around its HyPM power modules and used for portable and stationary applications, including portable and auxiliary power units for military applications and DC backup power system for cellular tower sites. The Company also enters into engineering development contracts with certain customers for new or custom products.
The Company competes with Air Liquide and Linde Gas.
Advisors' Opinion:- [By Paul Ausick]
Peers Plug Power Inc. (NASDAQ: PLUG), Ballard Power Systems Inc. (NASDAQ: BLDP), and Hydrogenics Corp. (NASDAQ: HYGS) have also shared in the stock price run-up. Any investor expecting more from FuelCell�� results was, perhaps, being irrationally exuberant.
Top 10 Low Price Stocks To Invest In Right Now: Nam Tai Electronics Inc.(NTE)
Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. The company?s Consumer Electronic and Communication Products segment manufactures mobile phone accessories, such as headsets containing Bluetooth wireless technology, and phone cradles, as well as snap-on portable music speaker, FM radio adaptors, and GPS adaptors; entertainment devices, including USB Web cam for interactive games, USB microphone and converter box Karaoke, and buzzer devices for quiz games; educational products consisting of digital pens, calculators, and electronic dictionaries; and optical devices comprising CMOS imaging sensor modules for notebook computers, portable media players, and recording cameras for the automotive industry. Its Telecommunication Component Assembly segment offers subassemblies and components, such as color and monochrome LCD modules for PDA phones, smart p hones, mobile phones, and telephone systems; RF modules for integration into mobile phones; DAB modules for digital radio products, including home tuners, kitchen radios, in-car receivers, CD players, clock radios, boom boxes, midi-systems, and handheld portable devices; FPC subassemblies for LCD modules and electronic devices; FPC boards for mobile phones, PDAs, office automation, and laptop computers; front and back light panels for handheld video game devices; and high-frequency cordless telephones and home feature phones. The company?s LCD Products segment manufactures LCD panels for watches and medical instruments, white goods and industrial applications, automotive parts and appliances, car audio systems, hand held products, VoIP phones, and office automation applications. It sells its products to customers in Hong Kong, North America, Europe, Japan, the People?s Republic of China, and Korea. The company was founded in 1975 and is headquartered in Shenzhen, the Peopl e?s Republic of China.
Advisors' Opinion:- [By Rick Munarriz]
Nam Tai Electronics� (NYSE: NTE ) -- $6.78
Shares of Nam Tai took a hit three months ago after posting uninspiring quarterly results. - [By Evan Niu, CFA]
What: Shares of Nam Tai Electronics (NYSE: NTE ) got crushed today by as much as 37% after the company reported earnings.
So what: Revenue in the first quarter more than doubled to $177.5 million, which translated into earnings per share of $0.11. Both figures handily topped consensus estimates, which were calling for $150 million in sales and $0.05 per share in profit. The real cause for concern was within Nam Tai's guidance.
Top 10 Low Price Stocks To Invest In Right Now: Chimera Investment Corporation (CIM)
Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and other asset classes. Its targeted asset classes include agency or non-agency RMBS; prime, jumbo prime, and Alt-A mortgage loans; first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, or industrial properties; and asset-based securities (ABS), including commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, and consumer and non-consumer ABS. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Inve stment Corporation was founded in 2007 and is based in New York, New York.
Advisors' Opinion:- [By Selena Maranjian]
Appaloosa Management reduced its stake in companies such as Chimera Investment (NYSE: CIM ) and Valero Energy (NYSE: VLO ) . Mortgage REIT Chimera Investment recently yielded 10.9%, but it may become less attractive if Congress cancels favorable tax treatment for REITs. Chimera has taken on more risk than many of its brethren, and has had some trouble filing reports on time. Some still like its prospects, though, while others question its hefty management fees.
- [By Dan Caplinger]
Berkshire isn't the only company where book value plays an important role. In the mortgage REIT realm, the value of the investment portfolio for a given mortgage REIT reduced by the REIT's outstanding debt, sometimes referred to as net asset value rather than book value, gives valuable information about its relative valuation. Industry leader Annaly Capital (NYSE: NLY ) currently sports a price-to-book ratio of 0.96 based on its most recently provided figures, reflecting in part investor skepticism about whether the REIT's agency-issued mortgage-backed securities will hold their value once the Federal Reserve stops making extensive bond purchases as part of its quantitative easing program. By contrast, Annaly's non-agency-issued counterpart, Chimera Investment (NYSE: CIM ) , sports a price-to-book ratio of nearly 1.1, indicating a significant premium to the REIT's stated net asset value that could be due to the fact that the Fed hasn't focused its efforts on the alternative securities that Chimera tends to choose for its portfolio.
- [By Dan Caplinger]
Because of the requirement to pay out the vast majority of their income, REITs often have extremely high dividend payouts. Mortgage REITs ARMOUR Residential (NYSE: ARR ) and Chimera Investment (NYSE: CIM ) use leveraged strategies to produce yields well in excess of 10%, while Omega Healthcare (NYSE: OHI ) and Senior Housing Properties Trust (NYSE: SNH ) , which specialize in long-term care facilities and other properties catering to older residents, both have yields between 5% and 6%.
- [By John Maxfield]
"Nepotism has never been unknown in American banking," Martin Mayer wrote in The Greatest-Ever Bank Robbery, his 1990 book about the savings-and-loan crisis. While Mayer was referring to American Continental, the notoriously corrupt holding company run into the ground by the infamous Charles Keating in the 1980s, his point rings true today in the case of Annaly Capital Management (NYSE: NLY ) and its publicly traded portfolio company Chimera Investment (NYSE: CIM ) .
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