| In Firms With Possible Solutions
As worries mount over how the world's 6.5 billion people will share the planet's finite supplies of clean water, companies that make everything from water-purification systems to delivery valves have attracted attention in recent years. But fund managers and analysts say many U.S. and European water stocks have climbed too high too fast, and they are increasingly looking for opportunities in Asia, where valuations are lower and water shortages are already acute in some places. Asian companies will be well-positioned to win more contracts as governments spend ... .
David Fry's Daily Market Outlook for Tuesday
And invest global. That's been the trend for the past few years. Monday was no exception. You'd think at some point this run would end, but no. With U.S. markets slightly higher to treading water, many overseas ETFs made new highs. It might be that the rise in base metals had a positive impact on resource rich markets like Latin America. Other Latin American markets are regaining strength led by Peru, Colombia, Chile and Argentina. These countries continue to benefit, while oddly enough oil-rich Venezuela struggles with out of control inflation, government spending and currency controls. But you wouldn't know that listening to el Jefe Chavez. Meanwhile back in the good ol' but boring U.S., rumors are buzzing about another private equity deal this time involving Dow Chemical (DOW).
Thomas Properties venture to buy $1.15B of Austin real estate
Thomas Properties Group Inc. (NASDAQ: TPGI) of Los Angeles is leading a joint venture to buy 3.5 million square feet of Class A offices in the Austin market for $1.15 billion in what may be the largest real estate transaction in Texas history. The deal expected to close within two months would also make Thomas Properties the largest office landlord in town. .
New Patents, Products, US Marketing Mission Top Spring Agenda for ...
JERUSALEM -- (MARKET WIRE) -- 04/10/07 -- IDenta Corp. (PINKSHEETS: IDTA) released a memorandum today detailing a number of significant activities the company will be undertaking in the coming months. The memo lists activities with the government of France, a U.S. visit by IDenta's CEO along with its Chief Scientist in early May, the development of a drug detector for morphine, the completion of testing for two new drug detectors, and applications for two new U.S. patents. "It is hard to prioritize the value of these business activities, but do I feel that this mission to the U.S. may be our most important in a long time," said Yaacov Shoham, IDTA CEO. "Our marketing channels in the U.S. are beginning to report sales of drug detectors, as well as a growing interest in our IDenta Alert explosive detectors.
Fitch Upgrades Redwood Trust's Structured Finance CDO Asset ...
NEW YORK--(BUSINESS WIRE)--Fitch has upgraded Redwood Trust Inc.'s (Redwood) structured finance collateralized debt obligation (CDO) asset manager rating from 'CAM2' to 'CAM1-'. Redwood's previous CAM rating was re-scaled to match Fitch's 2007 criteria prior to Fitch's annual review and CAM rating update. The upgrade can be attributed to Redwood's strong CDO performance track record as well as the enhancements made to its technology platform that improve the firm's CDO administration capabilities and increase scalability. Redwood's rating reflects the company's experienced portfolio management team and the quality of its proven prime residential real estate underwriting process. Redwood has organized its operations to further integrate all areas of the firm in its management of its CDO portfolios.
Turnarounds with takeover appeal
In a recent review of large cap defensive stocks, the contrarian investor George Putnam III finds two stocks that offer attractive takeover potential. In addition to both being in the financial services arena, both stocks also share a similar trading pattern; both have underperformed the broad market since the 2002 low but show defensive characteristics by having outperformed during the prior 2000-2002 bear phase. The editor of the Turnaround Letter explains, "Stocks that lagged during the bull market and outperformed during the last bear market look pretty attractive to us right now." Fifth Third Bank (NASDAQ: FITB), he notes, is a $100 billion diversified financial services business operating from Cincinnati, Ohio. Putnam explains, "Fifth Third is generally held in high regard, but results faltered in 2004 and have yet to fully recover." He notes that last year's inverted yield curve raised borrowing costs and hurt profitability.
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