Buy Accor (ACRFF.PK)
The story here isn’t Accor’s high-end Sofitel brand but the continued redeployment of capital, through the sale of assets, from the developed markets of Europe and the United States to its midprice and budget hotel and service businesses in Asia and the...Buy Burlington Northern (BNI)
God isn’t making any more land and in the United States nobody is building anymore transcontinental railroads. That gives the existing four transcontinental railroads control of the exceedingly lucrative and fast growing business of shipping bulk...Buy Exxon Mobil Corp
It was really, really great news for Exxon Mobil (XOM)—if you’re a really, really long-term investor. In early June, the company announced that it was in talks with TransCanada (TRP) to invest in the massively expensive Alaska Gas Pipeline project. With Exxon Mobil on...Buy Potlatch (PCH)
Potlatch (PCH) owns about 1.6 million acres of timberlands in Arkansas, Idaho, Minnesota, and Wisconsin. Its three business segments are resource (managing the timberlands), real estate (the sale of selected non-core acres and real estate development), and wood...Buy E.I. du Pont
When you can’t grow revenues—and it’s tough to do that if you’re a chemical company in a recession—cut costs. In 2009 E.I. du Pont’s (DD) savings from the cost cutting program the company initiated in 2008 should come to about $1 billion. The one really bright spot...Buy Suburban Propane (SPH)
A lot of people, especially in rural and edge-of-the-suburbs areas, use propane gas for heating and cooking. The total comes to about 4% of total U.S. households. Most of these propane users don’t have easy access to an alternative such as natural gas. After looking...Buy Energy Transfer Partners LP (ETP)
Here’s a way to get paid now while waiting for the explosion in domestic natural gas supply from the shales of the Barnett, Fayetteville, and Haynesville formations to turn into profits when an economic recovery eventually leads to increased demand. In the now,...Buy ONEOK PARTNERS LP (OKS)
Investors who were worried that a bad quarter would lead ONEOK PARTNERS (OKS) to cut its dividend got reassurance in the first quarter of 2009. Adjusted earnings before interest, taxes, depreciation, and amortization fell almost 12% from the first quarter of 2008 and...Buy Transocean Inc (RIG)
Drilling activity and demand for drilling rigs are both down. As of early May Transocean (RIG) reported that it had stacked—that is temporarily pulled out of service—nine rigs with the definite possibility of stacking another five to 10 in 2009. Day rates for its...
Buy Middleby Corp (MIDD)
Sales keep growing—granted by just 13% in the first quarter of 2009 from the first quarter of 2008—and the company keeps on acquiring smaller competitors and then wringing efficiencies out of the combined operation. That’s what strong companies do in recessions:...Buy Kinross Gold Corp (KGC)
Gold production is way up in the last four years at Kinross Gold (KGC). But so is political risk. Gold production will climb to a projected 2.4 million ounces in 2009 from 1.5 million ounces in 2006. One key to that increase has been the Kupol gold mine in northeast...Buy Enbridge Inc (ENB)
Enbridge (ENB) is really two stories. There’s the company that owns the conventional oil and gas pipeline network that gathers natural gas from the Gulf of Mexico and then distributes it across the United States. And there’s the company that has built one of the...Buy Enbridge Energy Partners (EEP)
As the U.S. onshore natural gas industry and the Canadian oil industry increasingly shift to unconventional sources such as the Barnett shales of Texas and the oil sands of Alberta, pipeline companies have had to expand their systems to get this new gas and oil to...Buy Rayonier Inc (RYN)
Two legs of Rayonier’s (RYN) business are taking a beating in the current collapse of the housing business but the third is delivering surprising growth. In the first quarter of 2009 timber sales were down by 27% from the first quarter of 2008 and real estate sales...Buy Yara International (YARIY.PK)
The bottom isn’t in yet for fertilizer sales. On June 25, the big dog in the industry, Potash of Saskatchewan (POT), reduced its guidance for the second quarter of 2009 because customers around the world continue to defer purchases and prices continue to slip. Yara...Buy Maxwell Technologies Inc (MXWL)
For an early-stage technology company like Maxwell Technologies (MXWL) the question isn’t “How is business today?” Instead, investors want to know if the company is growing into its future potential and if it has the cash to get to that tomorrow. In the case of...Buy Deere & Co (DE)
Another quarter (Q2, announced in mid-May 2009), another depressing take on demand for Deere’s (DE) agricultural and construction machinery. On the farm equipment front, the problem isn’t in North America, where sales fell just 4% from the first quarter of 2008, but...Buy Natural Resource Partners (NRP)
Like Penn Virginia Resource Partners, Natural Resource Partners (NRP) makes its money by leasing out the mining rights on the coal it owns to independent coal mining operators. As of the end of 2008 the company owned or controlled about 2.1 billion tons of proven and...Buy Penn Virginia Resource (PVR)
Penn Virginia Resource Partners (PVR) makes the bulk of its revenue (84% in 2008) from coal. The company leases out its coal resources to operators that Penn Virginia a royalty. The company gets another revenue stream from providing coal preparation and transportation...Buy Rayonier (RYN)
Rayonier (RYN) is more diversified than it looks, which protects the high dividend payout from this real estate investment trust (REIT) when times are tough. The company sells timber, a good business when construction is booming but not so good now. It also sells...Buy Magellan Midstream Partners (MMP)
Magellan Midstream Partners (MMP) owns an 8,500 mile pipeline system for the transportation and storage of refined petroleum products. The company’s capital spending plan called for $250 million in new projects to expand its already formidable reach. Magellan...
Buy Oneok Partners (OKS)
Like Enbridge Energy Partners, Oneok Partners (OKS) has been on an expansion binge. But this company’s efforts have centered on the under-served Rockies. The Overland Pass Pipeline project came online in November 2008. This year the company has added the Arbuckle...Jim’s Daily Email Alerts:
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