Thursday, March 20, 2014

Top 10 Up And Coming Stocks To Buy For 2014

The New York Times Co. said Thursday its fourth quarter net income fell due to lower advertising sales, a hike in growth strategy investment and the absence of a sales gain that was recorded a year ago.

Its fourth quarter net income totaled $65.6 million vs. $178.1 million in the October-December period in 2012. But in the year-ago period, the company recorded a $164.6 million gain on the sale of its ownership interest in job site

Shares of The New York Times Co. rose 5.1% Thursday morning to $14.55.

Fourth quarter advertising sales declined 6.3% to $212 million. There was one extra week of business in the year-ago period. If the week were excluded in the comparison, advertising revenue would have been down 1%.

Circulation revenue fell 3.9% to $207.6 million. Excluding the extra week, it would have risen 2.7% as more customers bought its digital packages and higher print home-delivery prices helped offset a decline in print copies sold, the company said.

Top 10 Up And Coming Stocks To Buy For 2014: Dover Downs Gaming & Entertainment Inc (DDE)

Dover Downs Gaming & Entertainment, Inc., incorporated in December of 2001, is a premier gaming and entertainment resorts. The Company�� operations consist of: Dover Downs Casino, a 165,000-square foot casino complex featuring table games, including craps, roulette and card games, such as blackjack, Spanish 21, baccarat, 3-card and pai gow poker, the latest in slot machine offerings, multi-player electronic table games, the Crown Royal poker room, a Race & Sports Book operation, the Dover Downs' Fire & Ice Lounge, the Festival Buffet, Doc Magrogan's Oyster House, Frankie's Italian restaurant, as well as several bars, restaurants and four retail outlets; Dover Downs Hotel and Conference Center, a 500 room AAA Four Diamond hotel with a full-service spa/salon, conference, banquet, ballroom and concert hall facilities, and Dover Downs Raceway, a harness racing track with pari-mutuel wagering on live and simulcast horse races. All of its operations are located at its entertainment complex in Dover. Its two wholly owned subsidiaries include Dover Downs, Inc. and Dover Downs Gaming Management Corp.

Dover Downs Casino

The Company's casino had approximately 2,539 slot machines as of December 31, 2011. It is open for business around the clock. During the year ended December 31, 2011, that the facility was visited by approximately 2.6 million patrons. Its slot machines range from penny machines to $100 machines in the Premium Slots area and include games found in the country's major gaming jurisdictions. The Company operates with 40 tables, including blackjack, craps and roulette tables. The Crown Royal poker room has 12 poker tables. It has its Race and Sports Book operation featuring parlay sports wagering on NFL games and pari-mutuel wagering on live and simulcast horse races. Dover Downs, Inc. is authorized to conduct video lottery, sports wagering and table game operations. The Company's Capital Club, a slots players club and tracking system, allows it to identify customers and t! o reward their level of play through various marketing programs.

Dover Downs Hotel

The Company's luxury hotel facility, the Dover Downs Hotel and Conference Center, connects to the Company's casino. The facility includes 500 rooms, including 11 luxury spa suites, a multi-purpose ballroom/concert hall, a fine dining restaurant, swimming pool and a luxurious 6,000 square-foot full-service spa. It offers a range of entertainment options to its patrons, including concerts featuring prominent entertainers, live boxing, gourmet dining, spa facilities, trade shows and conferences. During 2011, hotel occupancy averaged 90%.

Dover Downs Raceway

The Company�� Dover Downs Raceway conducts live harness races from November until April and is simulcast to more than 300 tracks and other off-track betting locations across North America on each of the Company's more than 120 live race dates. The Company's harness racing track is a 5/8-mile track that is located on DVD's property and is on the inside of its one-mile motorsports superspeedway. Additional amenities include the Winners Circle Restaurant overlooking the horse racing track. Within the Company's Race & Sports Book operation is the simulcast parlor where the patrons can wager on harness and thoroughbred races received by satellite into its facility year round from numerous tracks across North America. Television monitors throughout the area provide views of all races simultaneously and the betting windows are connected to a central computer allowing bets to be received on all races from all tracks.

The Company has an agreement with the Delaware Standardbred Owner's Association, Inc. (DSOA) effective September 1, 2010 and continuing through August 31, 2014. DSOA's membership consists of owners, trainers and drivers of harness horses participating in harness race meetings at its facilities and elsewhere in the United States and Canada. Under the DSOA agreement, the Company is required to distrib! ute as pu! rses for races conducted at its facilities a percentage of its retained share of pari-mutuel revenues.

The Company competes with Harrington Raceway and Delaware Park.

Advisors' Opinion:
  • [By Paul Ausick]

    The REIT is expected to spend as much as $500 million in acquisitions in 2014, according to Barron��, and some potential acquisition targets include Isle of Capri Casinos Inc. (NASDAQ: ISLE) which has a market cap of around $323 million or Dover Downs Gaming & Entertainment Inc. (NYSE: DDE) with a market cap of around $47 million.

  • [By Paul Ausick]

    Stocks on the move: Vodafone Group PLC (NASDAQ: VOD) is up 8.1% at $31.80 on reports of discussions with Verizon Communications Inc. (NYSE: VZ) that would result in the sale of Vodafone�� 45% stake in Verizon Wireless to the controlling shareholder. Dover Downs Gaming & Entertainment Inc. (NYSE: DDE) is up 10.8% at $1.54 after Wednesday�� launch of its online casino games that will soon be available to state residents to play for real money.

Top 10 Up And Coming Stocks To Buy For 2014: Steven Madden Ltd.(SHOO)

Steven Madden, Ltd., together with its subsidiaries, designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children. It offers wholesale footwear under the Steve Madden Women?s, Madden Girl, Steve Madden Men?s, Steven, l.e.i., Elizabeth and James, Olsenboye, Stevies, Big Buddha Shoes, Madden, Betsey Johnson shoes, Report, and Superga to department stores, mid-tier department stores, better specialty stores, and independently owned boutiques in the United States. The company also provides wholesale handbags and accessories under the Daisy Fuentes, Olsenboye, Steve Madden, Steven by Steve Madden, Betsey Johnson, Betseyville, and Big Buddha brand names, as well as sells cold weather accessories, fashion scarves, wraps, and other trend accessories primarily under the Cejon and Steve Madden brand names to department stores and specialty stores. As of December 31, 2011, it operated 84 retail stores, including 73 Steve Ma dden full price stores, 6 Steve Madden outlet stores, 3 Steven stores, 1 Report store, and 1 e-commerce Website. In addition, the company licenses its Steve Madden and Steven by Steve Madden trademarks for use in connection with the manufacturing, marketing, and sale of cold weather accessories, sunglasses, eyewear, outerwear, bedding, hosiery and women?s fashion apparel, jewelry, and luggage, as well as licenses Betsey Johnson and Betseyville trademarks for sale of apparel, jewelry, swimwear, eyewear, watches, fragrances, and outerwear. Steven Madden, Ltd. distributes its products through its retail stores and e-commerce Website in department stores, specialty stores, luxury retailers, national chains, and mass merchants in the United States; and through special distribution arrangements in Asia, Canada, Europe, the Middle East, Mexico, Australia, Central and South America, and India. The company was founded in 1990 and is headquartered in Long Island City, New York.

Advisors' Opinion:

    David Tulis/AP It's beginning to look a lot like ... the day after Christmas? On the day before Christmas, retailers turned shoppers' attention to the day after the holiday. (AMZN) already is offering "after Christmas" deals of up to 70 percent off clothes and 60 percent off some electronics. Old Navy (GPS) is running TV ads that its "after-holiday sale starts early" with discounts of up to 75 percent off. And CVS (CVS) was selling a wine cabinet for $10 off at $39.99 and three fleece throws for $9.99 on Christmas Eve. Heather Nadler, 38, stopped by the CVS in Decatur, Ga., on Tuesday, searching for stuffed animals for her children. But she still plans to hit up sales after Christmas. "I'll probably start shopping for me at that point," she said. Stores usually wait until after Christmas to offer discounts of up to 70 percent or more on holiday merchandise that didn't sell. But Americans who are still worried about the economy have held tightly to their purse strings this year, and store sales have fallen for the past three consecutive weeks. The pre-Christmas deals come as retailers are feeling pressure to attract Americans into stores during the final week of what's typically the busiest shopping period of the year. The two-month stretch that begins on Nov. 1 is important because retailers can make up to 40 percent of their annual sales during that time. Sales at U.S. stores dropped 3.1 percent to $42.7 billion for the week that ended on Sunday compared with the same week last year, according to ShopperTrak, which tracks data at 40,000 locations. That follows a decline of 2.9 percent and 0.8 percent during the first and second weeks of the month, respectively. Stores had a problem even getting Americans into stores, let alone getting them to spend. The number of shoppers fell 21.2 percent during the week that ended on Sunday, according to ShopperTrak. Karen McDonald, a spokeswoman at Taubman Centers, which owns or operates 28 malls, estima

10 Best Safest Stocks To Invest In 2014: Independent Bank Group Inc (IBTX)

Independent Bank Group, Inc., incorporated on September 20, 2002, is bank holding company. Through its wholly owned subsidiary, Independent Bank (Bank), a state chartered bank, the Company provides a range of commercial banking products and services for businesses, professionals and individuals. Commercial lending products includes owner-occupied commercial real estate loans, interim construction loans, commercial loans (such as Small Business Administration (SBA) guaranteed loans, business term loans, equipment financing and lines of credit) to a diversified mix of small and midsized businesses, and loans to professionals, particularly medical practices. Retail lending products include residential first and second mortgage loans, and consumer installment loans such as loans to purchase cars, boats and other recreational vehicles. On April 1, 2012, it acquired I Bank Holding Company and its bank subsidiary, and on October 1, 2012, it acquired The Community Group and its bank subsidiary. As of March 18, 2013, it operated 30 banking offices in 26 communities in two market regions located in the Dallas-Fort Worth metropolitan area and in the greater Austin area. Independent Bank operates 30 banking offices throughout North and Central Texas. In December 2013, the Company announced that it has completed the acquisition of Collin Bank, Plano, Texas. In January 2014, Independent Bank Group, Inc. acquired Live Oak Financial Corp. and its subsidiary, Live Oak State Bank.

Lending Activities

Its loans are primarily real estate secured loans spread among a variety of types of borrowers, including owner occupied offices for small businesses, medical practices and offices, retail operations, and multi-family properties. Its loans are diversified geographically throughout its Dallas/North Texas region (approximately 55%) and its Austin/Central Texas region (approximately 45%). As of December 31, 2012, it had total loans of approximately $1.4 billion

The Company is primarily a real es! tate secured lender. It originates real estate loans to finance commercial property that is owner-occupied, as well as commercial property owned by real estate investors. The total amount of owner-occupied commercial real estate loans outstanding as of December 31, 2012, was $353.5 million, or 25.6% of its loan portfolio. The total amount of commercial real estate loans outstanding as of December 31, 2012, excluding owner-occupied properties, was $295 million, or 21.4% of its loan portfolio. The real estate securing its existing commercial real estate loans includes a variety of property types, such as owner-occupied offices/warehouses/production facilities, office buildings, healthcare facilities, hotels, mixed-use residential/commercial, retail centers, multifamily properties, restaurants, churches and assisted living facilities.

The Company�� construction portfolio includes loans to small and midsized businesses to construct owner-user properties, and, to a much lesser extent, loans to developers of commercial real estate investment properties and residential developments. These loans are typically disbursed as construction progresses and carry interest rates that vary with the prime rate. As of December 31, 2012, the outstanding balance of its construction loans was $97.3 million, or 7.1% of its total loan portfolio. It offers first and second mortgage loans to its individual customers primarily for the purchase of primary and secondary residences. As of December 31, 2012, the outstanding balance of one-to four-family real estate secured loans, including home equity loans, represented $315.3 million, or 22.9%, of its total loan portfolio. Residential real estate loans held for sale of $9.2 million at December 31, 2012, were also included in this category.

The Company makes single-family interim construction loans to home builders and individuals to fund the construction of single family residences. Such loans are secured by the real property being built and are made based! on its a! ssessment of the value of the property on an as-completed basis. As of December 31, 2012, the outstanding balance of its single-family interim construction loans was $67.9 million, or 4.9% of its total loan portfolio. The Company originates commercial loans to small businesses and professionals, in particular, medical practices, located in its market areas. These loans are primarily term loans to purchase capital equipment and small loans for working capital and operational purposes. As of December 31, 2012, it had outstanding commercial loans, of $169.9 million, or 12.3% of its total loan portfolio.

The Company�� agricultural loan portfolio primarily includes loans secured by real property used for agricultural purposes. It provides loans for the acquisition of farm and ranch land, as well as the construction of buildings upon agricultural real estate. On a more limited basis, it offers agricultural equipment financing and crop production loans which are secured by crops, equipment, and crop insurance. The total amount of agricultural loans outstanding at December 31, 2012, was $40.1 million, or 2.9% of its total loan portfolio. The Company offers a variety of consumer loans, such as installment loans to purchase cars, boats and other recreational vehicles. Its consumer loans typically are part of an overall customer relationship designed to support the individual consumer borrowing needs of its commercial loan and deposit customers. As of December 31, 2012, it had outstanding $39.5 million of consumer loans, or 2.9% of its total loan portfolio. The Company also engages in the origination of residential loans sold into the secondary market. Its mortgage originations were $177.1 million during the year ended December 31, 2012. It sells all of the originated mortgages to institutional purchasers shortly after closing.

Investment Activities

The types and maturities of securities purchased are primarily based on its liquidity and interest rate sensitivity position! s. As of ! December 31, 2012, investment securities held were United States Treasury securities, government agency securities, obligations of state and municipal subdivisions, Residential mortgage backed securities, and corporate bonds.

Sources of Funds

Deposits are the Company�� principal source of funds for use in lending and other general banking purposes. The Company provides a range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, mobile banking, eStatements and bank-by-mail and direct deposit services. It also offers business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2012, it had total deposits of approximately $1.4 billion. In addition to deposits, it utilizes Federal Home Loan Bank (FHLB) advances either as a short-term funding source or a longer-term funding source and to manage its interest rate risks on its loan portfolio. The maximum amount of short-term FHLB advances it had outstanding at any month end during the year ended December 31, 2012, was $16.0 million. The Company�� FHLB borrowings totaled $164.6 million as of December 31, 2012. Its FHLB advances are collateralized by assets, including a blanket pledge of certain loans with a carrying value of $524.8 million and FHLB stock. As of December 31, 2012, it had $92.7 million in undisbursed advance commitments (letters of credit) with the FHLB.

Advisors' Opinion:
  • [By Markus Aarnio]

    2. Independent Bank Group (IBTX) operates as a bank holding company for Independent Bank that provides commercial banking products and services for small to medium size businesses, professionals, and individuals in North and Central Texas.

Top 10 Up And Coming Stocks To Buy For 2014: Santander Mexico Financial Group SAB de CV (BSMX)

Santander Mexico Financial Group SAB de CV, formerly Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged, through its subsidiaries, in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The Company offers its services to both, individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA, Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A. In December, 2013, the Company concluded the sale of Gestion Santander SA de CV's shares, as a result of the agreement reached with its parent company, Banco Santander SA. Advisors' Opinion:
  • [By Eric Volkman]

    ING's (NYSE: ING  ) Latin American operations will soon be one division lighter. The company announced it reached an agreement to sell its mortgage business in Mexico to�Grupo Financiero Santander Mexico (NYSE: BSMX  ) , the local presence of Spanish financial group Banco Santander (NYSE: SAN  ) . The price was 643 million pesos ($51 million), according to Mexico City newspaper La Cronica de Hoy.

Top 10 Up And Coming Stocks To Buy For 2014: NV Energy Inc(NVE)

NV Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. As of December 31, 2010, the company served approximately 830,000 electric customers primarily in Las Vegas, north Las Vegas, and Henderson and adjoining areas, including Nellis Air Force Base and the Department of Energy?s Nevada Test Site in Nye County. It also provides electricity in western, central, and northeastern Nevada comprising the cities of Reno, Sparks, Carson City, and Elko. In addition, the company distributes gas to approximately 151,000 customers in an area of approximately 800 square miles in Nevada?s Reno/Sparks area. It offers its services to residential and commercial customers, as well as to industries, including gaming/recreation, mining, warehousing/manufacturing, and other governmental entities. The company, formerly known as Sierra Pacific Resources, was founde d in 1906 and is headquartered in Las Vegas, Nevada.

Advisors' Opinion:
  • [By Chuck Saletta]

    NV Energy (NYSE: NVE  ) � is a selection for the real-money Inflation-Protected Income Growth portfolio. Like any investment, it needs to be reviewed from time to time to see if it's still worth owning. In the brief video below, portfolio manager Chuck Saletta reviews its valuation, balance sheet, and dividends, and decides whether to hold on to the stock or let it go.

  • [By Chuck Saletta]

    Speaking of dividends
    Of the previously existing holdings in the portfolio, two paid their dividends last week: fast-food giant McDonald's (NYSE: MCD  ) and electricity generator NV Energy (NYSE: NVE  ) . McDonald's $0.77 per share added $12.32 to the iPIG portfolio's coffers and was the company's third consecutive quarterly dividend at that rate. NV Energy's $0.19 per share handed $15.96 to the iPIG portfolio and was the second quarterly payout at that level.

  • [By Ploutos]

    U.S. Stocks

    The S&P 500 (SPY) makes a new all-time high, but closes beneath that plateau for the year. The S&P 500 eclipsed its former all-time high close of 1565 on March 28th, faster than I anticipated. With the index now ending the week above 1700 for the first time, closing below 1565 for the year seems a distant memory. Not everyone was calling for a new all-time high to be reached in 2013, and investment bank equity analysts were targeting on average high single digit annual gains at the beginning of the year. I did not expect a 19.9% return through the beginning of August, but I will take it. Grade: BThe equal-weighted S&P 500 (RSP) outperforms its capitalization-weighted alternative. The equal weighted index has produced a total return of 23.34%, besting the market capitalization-weighted S&P 500. Long-time readers know that I have long extolled the virtues of equal weighting. The lagging performance of former top holding Apple (AAPL), which has 1/14th of the weight in the equal weighted index has contributed to the outperformance of the equal weighted strategy. Grade: AThe Russell 2000 (IWM) outperforms the S&P 500 as small caps outpace large caps. The Russell 2000 has bested the S&P 500 by nearly five percent with the small cap index producing an impressive 24.8% return year-to-date. Grade: AThe shares of Bank of America (BAC) outperform J.P. Morgan (JPM) and Wells Fargo (WFC) on both an absolute and risk-adjusted basis. Bank of America has outperformed the broader market, producing a 28% total return year-to-date, but it has lagged Wells Fargo (32.1%) and J.P. Morgan (31.1%) while exhibiting higher volatility. Grade: C-The banking sector (XLF) outperforms the S&P 500. The Financial Selector Sector SPDR has produced a 27.9% year-to-date, besting the S&P 500 by roughly 8%. Grade: AHomebuilders (XHB) outperform the S&P 500, but not when adjusting for their variability of returns, which is over twice that of the broad

Top 10 Up And Coming Stocks To Buy For 2014: Deckers Outdoor Corporation(DECK)

Deckers Outdoor Corporation engages in the design, manufacture, and marketing of footwear and accessories for outdoor activities and casual lifestyle use to men, women, and children. The company offers luxury footwear and accessories under the UGG brand name; high performance multi-sport shoes, rugged outdoor footwear, and sport sandals under the Teva brand name; casual and sustainable-lifestyle sneakers and accessories under the Simple brand name; casual footwear under the TSUBO brand name; and outdoor performance and lifestyle footwear under the Ahnu brand name. Its accessories include handbags and cold weather outerwear. The company sells its products primarily to specialty retailers, department stores, outdoor retailers, sporting goods retailers, shoe stores, and online retailers. Deckers Outdoor Corporation also sells its products directly to end-user consumers through its Web sites, call centers, retail concept stores, and retail outlet stores, as well as through ret ailers in the United States. In addition, the company distributes its products through independent distributors and retailers in Europe, Canada, Australia, Asia, and Latin America. It has a joint venture with Stella International Holdings Limited for the opening of retail stores and wholesale distribution for the UGG brand in China. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California.

Advisors' Opinion:
  • [By Lauren Pollock]

    Deckers Outdoor Corp.'s(DECK) third-quarter profit slid 23% as the footwear maker reported sharply higher overhead expenses, masking higher sales of brands like Ugg and Teva. But the company’s shares jumped, as results exceeded Deckers’ July targets and the company issued rosy outlook commentary for the year.

Top 10 Up And Coming Stocks To Buy For 2014: Warren Resources Inc.(WRES)

Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of onshore crude oil and gas reserves in the United States. It primarily explores for oil reserves in the Wilmington field in California; and natural gas in the Washakie Basin in Wyoming. The company was founded in 1990 and is headquartered in New York, New York.

Advisors' Opinion:
  • [By gurujx]

    Warren Resources, Inc. (WRES): Vice President & CFO Stewart P Skelly Sold 54,000 Shares

    Vice President & CFO Stewart P Skelly sold 54,000 shares of WRES stock on 09/19/2013 at the average price of $2.91. Stewart P Skelly owns at least 116,545 shares after this. The price of the stock has increased by 1.37% since.

Top 10 Up And Coming Stocks To Buy For 2014: Och-Ziff Capital Management Group LLC(OZM)

Och-Ziff Capital Management Group LLC is a publicly owned investment manager. The firm provides investment advisory services for its clients. It invests in equity markets across the world. The firm makes its investments in alternative markets across the world. It employs quantitative and qualitative analysis to make its investments. The firm also manages a buyout fund, Och-Ziff Energy Fund. Och-Ziff Capital Management Group LLC was founded in 1994 and is based New York, New York with additional offices in London, United Kingdom; Hong Kong; Tokyo, Japan; Bangalore, India; and Beijing, China.

Advisors' Opinion:

    Although there are many great companies to choose from in the alternative investment management space, there are two that I really like, and that investors should consider owning. The first is hedge fund titan Och-Ziff Capital Management Group LLC (NYSE: OZM).

Top 10 Up And Coming Stocks To Buy For 2014: Ishares Trust Dow Jones Select Dividend (DVY)

iShares Dow Jones Select Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index stocks are screened by dividend-per-share growth rate, dividend payout percentage and average daily dollar trading volume, and are selected based on dividend yield.

The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts) in the Dow Jones U.S. Total Market Index, an index representative of the total market for United States equity securities. To be included in the Index, the securities must have had a flat to positive dividend-per-share growth rate for each of the last five years; must have an average five-year dividend payout ratio of 60% or less, and must have a minimum three-month average trading volume of 200,000 shares a day. The Index is reconstituted annually. The Fund uses a representative sampling strategy in seeking to track the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.

Advisors' Opinion:
  • [By Jim Pyke]

    If you recall my previous article that looked at iShares Dow Jones Select Dividend Index (DVY) and SPDR S&P Dividend ETF (SDY), there is an interesting comparison. While both SDY and DVY were underweight in Energy-Oils by substantial margin, both VIG and VYM are overweight in this sector. VIG has a 13.2% of its assets and VYM is at 13.0% relative to the market at 10.5%.

Top 10 Up And Coming Stocks To Buy For 2014: Kadant Inc (KAI)

Kadant Inc., incorporated in November 1991, is a supplier of equipment used in the global papermaking and paper recycling industries and a manufacturer of granules made from papermaking byproducts. Through its Papermaking Systems segment, the Company develops, manufactures and markets a range of equipment and products for the global papermaking, paper recycling, and process industries. Through its Fiber-based Products business, the Company manufacture and sell granules derived from pulp fiber for use as carriers for agricultural, home lawn and garden, and professional lawn, turf and ornamental applications, as well as for oil and grease absorption. Its Papermaking Systems segment consists of product lines, such as stock-preparation, fluid-handling, doctoring and water-management. On May 27, 2011, its subsidiary, Kadant Johnson Europe B.V., acquired all the interests in m-clean papertech holding AB. In April 2013, it completed the acquisition of Companhia Brasileira de Tecnologia Industrial (CBTI).

The Company�� customer base includes major global paper manufacturers and with its equipment found in most of pulp and paper mills. The Company manufactures its products in nine countries in Europe, North and South America and Asia. It develop, manufacture and market complete custom-engineered systems and equipment, as well as standard individual components, for pulping, de-inking, screening, cleaning, and refining recycled and virgin fibers for preparation for entry into the paper machine. Its principal stock-preparation products include recycling and approach flow systems and Virgin pulping process equipment.

The Company develop, manufacture and market rotary joints, precision unions, steam and condensate systems, components, and controls used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals and food. Its principal fluid-handling systems include rotary joints, siphons, turbul! ator bars, and engineered steam and condensate systems. Its mechanical devices, used with rotating shafts, allow the transfer of pressurized fluid from a stationary source into and out of rotating machinery for heating, cooling, or the transfer of fluid power. Its devices, installed primarily inside the rotating cylinders of paper machines, are used to remove condensate from the drying cylinders through rotary joints located on either end of the cylinder. Its steel or stainless steel axial bars, installed on the inside of cylinders, are used to induce turbulence in the condensate layer to improve the uniformity and rate of heat transfer through the cylinders. Its steam systems control the flow of steam from the boiler to the paper drying cylinders, collect condensed steam, and return it to the boiler to improve energy efficiency during the paper drying process.

The Company develop, manufacture and market a range of doctoring systems and related consumables that continuously clean rolls to keep paper machines running efficiently; doctor blades made of a variety of materials to perform functions, including cleaning, creping, web removal, flaking, and the application of coatings, and profiling systems that control moisture, Web curl, and gloss during paper converting. Its principal doctoring products include doctor systems and holders, profiling systems and doctor blades. Its doctor systems clean papermaking rolls to maintain the operation of paper machines and other equipment by placing a blade against the roll at a constant and uniform pressure. A doctor system consists of the structure supporting the blade and the blade holder. It offers profiling systems that control moisture, Web curl, and gloss during paper converting. It manufacture doctor and scraper blades made of a variety of materials, including metal, bi-metal, or synthetic materials that perform a variety of functions, including cleaning, creping, Web removal, flaking and the application of coatings.

The Company devel! ops, manu! facture and markets water-management systems and equipment used to continuously clean paper machine fabrics and rolls, drain water from pulp mixtures, form the sheet or Web, and filter the process water for reuse. Its principal water-management systems include shower and fabric-conditioning systems, formation systems, and water-filtration systems. Its shower and fabric-conditioning systems assist in the removal of contaminants that collect on paper machine fabrics used to convey the paper Web through the forming, pressing and drying sections of the paper machine. A typical paper machine has between 3 and 12 fabrics. It supplies structures that drain, purify, and recycle process water from the pulp mixture during paper sheet and Web formation. It offer a variety of filtration systems and strainers that remove contaminants from process water before reuse and recover reusable fiber for recycling back into the pulp mixture.

The Company competes with Voith Paper GmbH, Metso Corporation, Maschinenfabrik Andritz AG, Deublin Company, Barco Company, Christian Maier GmbH & Co. KG, Duff-Norton Company, Joh. Clouth GmbH & Co. KG, Bonetti, S.p.A., Metso Corporation and IBS-Paper Performance Group.

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 Kadant (NYSE: KAI  ) , whose recent revenue and earnings are plotted below.

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