They do it by merging with foreign companies in countries with lower rates and officially moving their home base.
The strategy is called "inversion," and it's legal. But is it un-patriotic?
In the past decade, at least 47 U.S. companies have made the move. Several inversions have been proposed this year and more are in the works.
"We should prevent companies from effectively renouncing their citizenship to get out of paying taxes. What we need is a new sense of economic patriotism, where we all rise and fall together," said U.S. Treasury Secretary Jack Lew In a letter to lawmakers last week.
Allan Sloan, senior editor-at-large at Fortune Magazine, has called inversions flat-out un-American. "Undermining the finances of the U.S. government by inverting helps undermine our economy," Sloan wrote in a recent cover story.
Top 10 Restaurant Stocks For 2015: United Community Banks Inc. (UCBI)
United Community Banks, Inc. operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and small to mid-size businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits, demand deposits, non-interest bearing deposits, NOW accounts, and money market accounts. The company�s loan portfolio comprises commercial loans secured by real estate, commercial and industrial loans, commercial construction loans, residential construction and mortgage loans, and consumer installment loans. It also offers wire transfers, brokerage services, and other financial services; and ATM, telephone, and online banking services. In addition, the company acts as an insurance agency, as well as provides retail brokerage services through an affiliation with a third party broker/dealer. As of March 25, 2013, it operated 103 banking offices in north Georgia, the Atlanta region, coastal Georgi a, western North Carolina, east Tennessee, and northwest South Carolina. The company was founded in 1950 and is headquartered in Blairsville, Georgia.
Advisors' Opinion:- [By Louis Navellier]
United Community Banks (UCBI) has 106 branches in Georgia, North Carolina and Tennessee. The bank has seen continual credit improvements and a recovering economy drive 100% earnings gains this year. The bank is one of the few seeing strong loan growth, and business is so good that UCBI paid back its TARP obligations without needing to issue new equity. This cheap stock was upgraded to an ����last July and at the current price. The P/E ratio right now is just 5.
Top Integrated Utility Stocks To Invest In 2014: Clariant AG (CLN)
Clariant AG is a Switzerland-based holding company engaged in the chemical sector. The Company's key markets include Paints, comprising decorative interior and exterior, primers, varnishes, anticorrosion and industrial applications, Construction, comprising concrete applications, roofing, tiling, sealants and primers, Adhesives, comprising wood, paper, lamination, packaging and Pressure Sensitive Adhesives, and Textile, leather and paper, comprising various functional effects and coatings. The Company diversifies its business into several units, including Additives, Catalysis & Energy, Emulsions, Functional Materials, Industrial & Consumer Specialties, Leather Services, Masterbatches, Oil & Mining Services, Paper Specialties, Pigments and Textile Chemicals. In every business unit, the Company diversifies five geographical regions, including Europe, Latin America, North America, Asia/Pacific, and Middle East & Africa. In January 2014, it sold its Detergents & Intermediates business. Advisors' Opinion:- [By Tom Stoukas]
Clariant slid 1.6 percent to 15.57 francs, dropping for a seventh day. UBS removed the company from its most preferred list because of the shares��recent rally. Clariant (CLN) has surged 26 percent this year, while the SPI has gained 21 percent.
Top Integrated Utility Stocks To Invest In 2014: General Cable Corporation (BGC)
General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products worldwide. The company offers electric utility products, such as low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cable products; bare overhead conductors; and submarine transmission and distribution cables, as well as provides design, integration, and installation services for products, such as high and extra-high voltage terrestrial and submarine systems. It also offers electrical infrastructure products, including rubber and plastic jacketed wires and cables, ignition wire sets, and cable wire harnesses, as well as industrial power, rail and mass transit, shipboard, oil and gas, mining, and alternative energy power generation cables. In addition, the company provides communications products comprising high-bandwidth twisted copper and fiber optic, multi conductor and pair fiber and coppe r networking, telecommunications exchange, coaxial, and low detection profile cables, as well as submarine cable systems, submarine networks, and offshore integration systems. Further, it provides construction products consisting of construction, flexible cords, and flame retardant cables, as well as rod mill products, including copper and aluminum rods. The company serves energy, industrial, construction, specialty, and communications markets. General Cable Corporation was founded in 1992 and is headquartered in Highland Heights, Kentucky.
Advisors' Opinion:- [By Philip van Doorn]
It has been a while since we have seen almost daily headlines of massive layoffs across many industries, but General Cable Corp. (BGC) on Wednesday announced a restructuring that would ��esult in the elimination of approximately 1,000 positions globally, representing nearly 7% of the company�� workforce.��
Top Integrated Utility Stocks To Invest In 2014: Cereplast Inc (CERPQ)
Cereplast, Inc. (Cereplast), incorporated on September 29, 2001, is engaged in developing and commercializing bio-based resins through two product families: Cereplast Compostables Resins, which are compostable, renewable, ecologically sound substitutes for petroleum-based plastics, and Cereplast Sustainables resins (including the Cereplast Hybrid Resins product line), which replaces up to 90% of the petroleum-based content of traditional plastics with materials from renewable resources. The Company primarily conducts its operations through product families, such as Cereplast Compostables resins, Cereplast Hybrid Resins and Cereplast Algae Plastic resins. In October 2011, the Company purchased a manufacturing plant in Assisi (Cannara).
Cereplast Compostables resins are compostable and bio-based, ecologically sound substitutes for petroleum-based plastics targeting primarily compostable bags, single-use food service products and packaging applications. The Company offers 13 commercial grades of Compostable resins in this product line. Cereplast Sustainables resins are partially or fully bio-based, ecologically sound substitutes for fully petroleum-based plastics targeting primarily durable goods, packaging applications. The Company offers six commercial grades of Sustainable resins in this product line. Cereplast Hybrid Resins products replace up to 55% of the petroleum content in conventional plastics with bio-based materials, such as industrial starches sourced from plants. The Hybrid resins line is designed to offer similar properties to traditional polyolefins, such as impact strength and heat deflection temperature, and is compatible with existing converter processes and equipment. The first commercial product with Cereplast Algae Plastic resin is being produced and sold as part of the Company's Sustainables resin family.
The Company's Compostable resins are renewable substitutes for petroleum-based plastics targeting primarily single-use disposables. The Company's Compost! able Resins have been used to produce foodservice ware, including the first line of fully biodegradable and compostable foodservice ware. Cereplast Hybrid Resins uses renewable materials such as starches from corn and tapioca.
Cereplast competes with BASF, Dow Chemical, Lyondell Basell, DuPont, SABIC, Novamont, NatureWorks and Telles.
Advisors' Opinion:- [By Bryan Murphy]
The whole thing may seem a little "out there" at first glance, but truth be told, what Metabolix, Inc. does isn't terribly unusual anymore. It's just a little less sexy than what traders and stock speculators usually want to see and hear with their picks. Kraton Performance Polymers Inc. (NYSE:KRA) and the now-bankrupt Cereplast Inc. (OTCMKTS:CERPQ) are/were in the same business, along with several others. [Don't let the Cereplast bankruptcy filing deter you - it wasn't a lack of opportunity that up-ended CERP.]
Top Integrated Utility Stocks To Invest In 2014: Calavo Growers Inc (CVGW)
Calavo Growers, Inc. (Calavo), incorporated on January 5, 2001, is a provider of value-added fresh food. The Company is engaged in the marketing and distributing avocados, prepared avocados, and other perishable foods allows them to deliver a wide array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants on a worldwide basis. The Company procures avocados principally from California, Mexico, and Chile. Through its various operating facilities, it sort, pack, and/or ripen avocados, tomatoes and/or Hawaiian grown papayas. Additionally, it also produces salsa and prepares ready-to-eat produce and deli products. It distributes its products both domestically and internationally and reports its operations in three different business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
Fresh products
The Company�� Fresh products business grades, sizes, packs, cools, and ripens (if desired) avocados for delivery to its customers. It operates two packinghouses and three operating and distributing facilities that handle avocados across the United States.Calavo markets California avocados. In California, the growing area stretches from San Diego County to Monterey County, with the majority of the growing areas located approximately 100 miles north and south of Los Angeles County. The storage life of fresh avocados is limited. It generally ranges from one to four weeks, depending upon the maturity of the fruit, the growing methods used, and the handling conditions in the distribution chain. The Company sells avocados to a diverse group of supermarket chains, wholesalers, food service and other distributors, under the Calavo family of brand labels, as well as private labels. From time to time, some of its larger customers seek short-term sales contracts that formalize their pricing and volume requirements. California avocados delivered to the Company�� packinghouses are graded, size! d, packed, cooled and, frequently, ripened for delivery to customers. The Company imports avocados from Mexico, Chile, Peru, New Zealand and the Dominican Republic. It�� diversified avocado sources provide a level of supply stability that may, over time, help solidify the demand for avocados among consumers in all markets it distribute to.
The Company also handles avocados from Chile, Peru and New Zealand, most of which are on a consignment basis with its growers. Pursuant to its joint venture agreement with M5, Calavo de Chile is the primary contact with its Chilean avocado sources. It has invested in the Aweta AFS (acoustic firmness sensor) technology and equipment. It has three Aweta systems in use in the United States, which, it believe, can effectively meet its customers��demand for conditioned fruit. It has developed various display techniques and packages that appeal to consumers and, in particular, impulse buyers. Some of its techniques include the bagging of avocados and the strategic display of the bags within the produce section of retail stores. The majority of its sales are generated from tomatoes and papayas. Tomatoes are primarily handled on a consigned basis, while papayas are handled on a pooling basis, similar to the California avocado pool previously described.
Calavo Foods
The Company�� Calavo Foods business procures avocados, processes avocados into a wide variety of guacamole products, and distributes the processed product to its customers. All of its prepared avocado products shipped to North America are cold pasteurized and include both frozen and fresh guacamole. The Calavo Foods segment was originally conceived as a mechanism to stabilize the price of California avocados by reducing the volume of avocados available to the marketplace.The Company utilizes ultra high pressure machines which are designed to cold pasteurize its guacamole products. Using high pressure only, this procedure substantially destroys the cells of any b! acteria t! hat could lead to spoilage, food safety, or oxidation issues. Once the procedure is complete, its packaged guacamole is cased and shipped to various retail and food service customers throughout the markets its service. Its IQF line provides food service and retail customers with peeled avocado halves that are ripe and suitable for immediate consumption. These halves were frozen, packaged and shipped out of Mexicali to warehouses located in the United States., and, ultimately, to its customers. The Company�� line of salsa will further diversify its product offerings and will be a natural complement to its ultra-high-pressure guacamole, as well as its Calavo tortilla chips.
RFG
The Company�� RFG business produces markets and distributes nationally a portfolio of healthy, lifestyle products for consumers via the retail channel. RFG is a fresh-food company that produces, markets, and distributes nationally a portfolio of healthy, products for consumers via the retail channel.RFG products range from fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. RFG sells under the labels of Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials to a wide range of customers. RFG products range from fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. RFG sells under the labels of Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials to a range of customers.
Advisors' Opinion:- [By Laura Brodbeck]
Monday
Earnings Releases Expected: Sonic Corp (NASDAQ: SONC), Calavo Growers, Inc. (NASDAQ: CVGW), Zep Inc. (NYSE: ZEP) Economic Releases Expected: �Spanish services PMI, Italian services PMI, French services PMI, German services PMI, eurozone services PMI, British services PMI, eurozone investor confidence, German CPI, Australian trade balanceTuesday
- [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 Calavo Growers (Nasdaq: CVGW ) , whose recent revenue and earnings are plotted below. - [By John Udovich]
Just when you think the global warming (excuse me, climate change)�warnings could not get anymore hysterical or�goofier (Niagara Falls and the Great Lakes have frozen over after all), Chipotle Mexican Grill, Inc (NYSE: CMG) is sounding the alarm (which may rally all of the Sofritas vegan tofu eaters of America)�over�its potential�threat�to�guacamole, but small cap avocado stock Calavo Growers, Inc (NASDAQ: CVGW) continues to grow investor returns no matter what the weather is doing and has outperformed PowerShares DB Agriculture Fund (NYSEARCA: DBA).�First and as noted by ThinkProgress.org, Chipotle Mexican Grill�� latest Annual Form 8-K reported:
Top Integrated Utility Stocks To Invest In 2014: VeriSign Inc.(VRSN)
VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company provides domain name registry services and infrastructure assurance services. It offers registry services that operate the authoritative directory of various .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for various .jobs and .edu domain names; and network intelligence and availability services that provide infrastructure assurance to organizations comprising Verisign iDefense security intelligence services, managed domain name system services, and distributed denial of service mitigation. VeriSign, Inc. was founded in 1995 and is headquartered in Reston, Virginia.
Advisors' Opinion:- [By Jake L'Ecuyer]
VeriSign (NASDAQ: VRSN) was down, falling 6.13 percent to $52.02 after the company reported Q4 results.
Commodities
In commodity news, oil traded up 0.62 percent to $98.45, while gold traded up 0.40 percent to $1,262.20. - [By John Divine]
The S&P 500 Index (SNPINDEX: ^GSPC ) ended modestly higher on Friday, ending the week on a bullish note as the end of the second quarter approaches. Wall Street and Main Street alike are hoping that the second, third, and fourth quarters of 2014 will see higher growth than the first quarter, when the U.S. economy actually contracted at a 2.9% annualized rate. Dollar General (NYSE: DG ) , VeriSign (NASDAQ: VRSN ) , and DuPont (NYSE: DD ) investors weren't too optimistic about growth today, as those three stocks ended as the worst performers in the entire S&P index. The S&P, for its part, tacked on three points, or 0.2%, to end at 1,960.
Top Integrated Utility Stocks To Invest In 2014: Cambridge Bancorp (CATC)
Cambridge Bancorp, incorporated on December 23, 1982, is a state chartered, federally bank holding company in Cambridge. The Company�� reportable operating segment consists of commercial banking, consumer banking, and trust and investment management services. Cambridge Trust Company (the Bank) is a subsidiary of the Company. The Bank offers a range of commercial and consumer banking services through its network of 12 service banking offices in Massachusetts. The Bank is engaged in the business of attracting deposits from the public and investing those deposits. The Bank invests those funds in various types of loans, including residential and commercial real estate, and a variety of commercial and consumer loans. The Bank also invests its deposits and borrowed funds in investment securities and has three wholly owned Massachusetts Security Corporations, CTC Security Corporation, CTC Security Corporation II and CTC Security Corporation III.
Lending activities
The Bank originates loans to businesses and individuals on both a collateralized and an uncollateralized basis. The Bank�� customer base is concentrated in eastern Massachusetts. The majority of loans to individuals are collateralized by residential real estate, marketable securities or other assets.
Investment activities
The Bank invests in United States government sponsored enterprise (GSE) obligations, mortgage-backed securities, mutual funds and municipal securities. As a member of the Federal Home Loan Bank (FHLB) of Boston (the FHLB Boston), the Bank is required to invest in stock of the FHLB Boston in an amount based upon itsadvances from the FHLB Boston.
Sources of Funds
The Bank attracts deposits, such as demand deposits (non-interest bearing), interest bearing checking, money market, savings, certificates of deposit under $100,000 and certificates of deposit $100,000 or greater. Its short term borrowings consist of treasury, tax and loan notes, and FHLB Bost! on overnight borrowings.
Advisors' Opinion:- [By CRWE]
Today, CATC has shed (-0.26%) down -0.10 at $38.90 with 500 shares in play thus far (ref. google finance Delayed: 11:24AM EDT July 22, 2013), but don�� let this get you down.
Cambridge Bancorp previously reported unaudited net income of $3,475,000 for the second quarter of 2013 compared to $3,451,000 for the same quarter in 2012. The slight increase in earnings was primarily attributable to growth in noninterest income, offset by a decrease in net interest income. Diluted earnings per share were $0.89 for the second quarter of 2013, unchanged versus for the same quarter in 2012. For the six months ended June 30, 2013, unaudited net income was $6,806,000 compared to $6,736,000 for the first half of 2012. Diluted earnings per share were $1.75 for the first six months of 2013 versus $1.74 for the same period in 2012.
- [By CRWE]
Last Friday, CATC previously surged (+0.26%) up +0.10 at $39.00 with 600 shares in play at the close (ref. google finance July 26, 2013 ��Close).
Cambridge Bancorp previously reported unaudited net income of $3,475,000 for the second quarter of 2013 compared to $3,451,000 for the same quarter in 2012. The slight increase in earnings was primarily attributable to growth in noninterest income, offset by a decrease in net interest income. Diluted earnings per share were $0.89 for the second quarter of 2013, unchanged versus for the same quarter in 2012. For the six months ended June 30, 2013, unaudited net income was $6,806,000 compared to $6,736,000 for the first half of 2012. Diluted earnings per share were $1.75 for the first six months of 2013 versus $1.74 for the same period in 2012.
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