Deals and Financings
Zhejiang Hisun Pharma (SHA: 600267) will raise up to 936 million RMB ($152.6 million) in a convertible bond offering. The company will use the money to build a manufacturing facility that will make finished drugs, in both solid form and injections. Hisun said the construction will move it further away from its traditional focus on APIs to become a pharmaceutical company with a broad range of offerings.
JenaValve Technology, a German company that has developed a transcatheter aortic valve implantation (TAVI) system to replace sclerotic aortic valves, raised $62.5 million in a Series C venture round. Part of the money will be allocated for China approval of the device. Legend Capital, the Beijing-based VC/PE firm, participated in the round.
Despite its well-publicized problems in China, GlaxoSmithKline (NYSE: GSK) is actively moving forward with a plan to form a vaccine collaboration with a China company (see story). The company revealed it is talking to several China vaccine makers, with the goal of forming an R&D/marketing partnership. Christophe Weber, head of GSK's vaccine division, said the conversations have not been affected by the on-going bribery scandal.
Top 5 Diversified Bank Companies To Own In Right Now: American Eagle Energy Corp (AMZG)
American Eagle Energy Corporation, incorporated on July 25, 2003, is engaged in the exploration for petroleum and natural gas in the States of Nevada, Utah, Texas, Colorado, and North Dakota, the North Sea, and southeastern Saskatchewan, Canada, through the acquisition of contractual rights for oil and gas property leases and the participation in the drilling of exploratory wells. Its projects include Benrude Prospect, Spyglass Property, Glacier Prospect, Hardy Bakken Project, and West Spyglass Project. Its primary area of focus is oil deposits located within the Bakken and Three Forks formations in western North Dakota and eastern Montana. As of December 31, 2012, the Company was principally engaged in exploration activities within its Spyglass Property, located in Divide County, North Dakota, where it targets the extraction of oil and natural gas reserves from the Bakken and Three-Forks formations. In October 2013, the Company announced that it has closed on the first part of the acquisition in its Spyglass Project area in the Williston Basin in northwestern Divide County, North Dakota. Effective March 31, 2014, American Eagle Energy Corp acquired a 50% ownership interest in Spyglass Project, North Dakota, an oil, gas exploration, production project.
The Company also holds an interest in a small number of wells located in southeastern Saskatchewan, Canada, though its focus on these wells will continue to diminish as it pursues the development of its Spyglass Property. In addition to its existing wells, it owns undeveloped acreage interests in the Glacier Prospect, located in Toole County, Montana, the Sidney North Prospect, located in Richland County, Montana. In January 2012, the Company commenced drilling of its first operated well located within the Spyglass Property, the Christianson 15-12 well. As of December 31, 2012, it drilled and completed eight additional operated wells within the Spyglass Property and an additional five wells were drilled. The Company�� West Spyglass Projec! t is located in Divide County, North Dakota and Sheridan County, Montana in the Williston Basin. The Company owns a 25% working interest in the West Spyglass Prospect acreage. Its Hardy Bakken Project is located in the Saskatchewan portion of the Williston Basin and is one of the Company�� two core property holdings, along with the Company's Spyglass Project. The Company's Benrude Prospect is located in Roosevelt County, Montana in the Williston Basin.Advisors' Opinion:
- [By CRWE]
Today, AMZG remains (0.00%) +0.000 at $1.92 with 66,805 shares in play thus far (ref. google finance Delayed: 1:49PM EDT October 8, 2013).
American Eagle Energy Corporation, previously reported it priced the sale of 13,709,386 shares of its common stock to the public at $1.70 per share for gross proceeds of approximately $23.3 million. The Company granted the underwriters a 30-day over-allotment option to purchase up to an additional 2,056,408 shares of the Company’s common stock at the same price. The offering is expected to settle on October 7, 2013, subject to the satisfaction of customary closing conditions. Upon closing, the resulting net proceeds to the Company, after deducting underwriting discounts, commissions and other expenses, are expected to be approximately $21.5 million. The Company intends to use the net proceeds, along with cash on hand, cash flow from operations and additional borrowings under its Morgan Stanley credit facility, to fund the first half of its previously announced acquisition of oil and gas assets and its capital budget for the balance of 2013. Any remaining net proceeds will be used for general corporate purposes, including working capital.
- [By Johanna Bennett]
And American Eagle Energy (AMZG) fell 21% after it suspended its drilling operations and likely won�� resume until oil prices improve. The small producer is the latest victim of the plunge in crude prices.
Top 10 Up And Coming Stocks To Watch Right Now: 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 10 Up And Coming Stocks To Watch Right Now: Momenta Pharmaceuticals Inc.(MNTA)
Momenta Pharmaceuticals, Inc., a biotechnology company, specializes in the characterization and process engineering of complex molecules. These complex molecules include proteins; polypeptides; and cell surface polysaccharides, such as heparan-sulfate proteoglycans (HSPGs). The company applies its technology for the development and commercialization of generic versions of complex drug products, as well as for the discovery and development of novel drugs. It offers Enoxaparin sodium injection, a generic version of Lovenox to prevent and treat deep vein thrombosis, and to support the treatment of acute coronary syndromes. The company?s products also include M356, an abbreviated new drug application under FDA review, is a generic version of Copaxone for the reduction of the frequency of relapses in patients with relapse-remitting multiple sclerosis; M118, which completed a Phase IIa clinical trial as an anticoagulant for acute coronary syndromes; and M402, a novel HSPG-based product candidate that is in preclinical development as a potential anti-cancer agent. It has collaboration agreements with Sandoz AG and Sandoz Inc. to develop and commercialize Enoxaparin sodium injection. The company was formerly known as Mimeon, Inc. and changed its name to Momenta Pharmaceuticals, Inc. in September 2002. Momenta Pharmaceuticals, Inc. was founded in 2001 and is based in Cambridge, Massachusetts.Advisors' Opinion:
- [By James Brumley]
Just bear in mind this is largely an all-or-nothing bet on the drug, though PRAN stock could rally nicely leading up to its D-Day approval.Momenta Pharmaceuticals (MNTA)
Like Sagent Pharmaceuticals, Momenta Pharmaceuticals (MNTA) is a generic drugmaker. And also like Sagent, priced at $16.14 per share, MNTA stock is easily put into the cheap stocks category.
- [By Maxx Chatsko]
Shares of biotech innovator Momenta Pharmaceuticals (NASDAQ: MNTA ) entered into a nosedive in early June, but quickly recovered after analysts at UBS AG upgraded the stock from "neutral" to "buy." I don't put any faith in analyst projections -- and neither should you -- but I do see value in the company's technology. Momenta has developed a platform for analyzing and characterizing complex molecules that could significantly reduce R&D costs and development times of drugs in the pipeline. If you're an investor looking for a biotech company with boatloads of potential, you may be wondering about adding Momenta to your portfolio. Fool contributor Maxx Chatsko breaks down that decision for investors in the following video.
- [By Dan Caplinger]
Lately, the stock market has turned on every word from the Federal Reserve, and so this morning's comments from Federal Reserve Chairwoman Janet Yellen received a huge amount of attention from investors Monday. With Yellen offering a much more encouraging assessment of how long interest rates might remain low in order to stimulate and sustain economic growth, stocks climbed sharply, with the Dow posting triple-digit gains. Yet for MannKind (NASDAQ: MNKD ) , Momenta Pharmaceuticals (NASDAQ: MNTA ) , and Idera Pharmaceuticals (NASDAQ: IDRA ) , the news today was far from good, as all three stocks suffered declines of 10% or more.
Top 10 Up And Coming Stocks To Watch Right Now: Colony Financial Inc (CLNY)
Colony Financial, Inc. is a real estate investment and finance company. The Company primarily acquires, originates and manages a diversified portfolio of real estate-related debt instruments. The Company focuses on acquiring, originating and managing commercial mortgage loans, which may be performing, sub-performing or non-performing loans (including loan-to-own strategies), and other commercial real estate-related debt investments. The Company is managed by Colony Financial Manager, LLC (the Manager) and an affiliate of the Company.
The Company also may acquire other real estate and real estate-related debt assets. The Company collectively refers to commercial mortgage loans, other commercial real estate-related debt investments, commercial mortgage-backed securities (CMBS), real estate owned (REO), properties and other real estate and real estate-related assets as its target assets.Advisors' Opinion:
- [By Amanda Alix]
For Wall Street types, single-family foreclosures can be bought cheaply and in bulk, then fixed up and rented. Companies like the Blackstone Group (NYSE: BX ) and Colony Financial (NYSE: CLNY ) have been very active in this market, with the former purchasing 16,000 homes just last year, and the latter ramping up its own portfolio to approximately 7,000. This new industry has also spawned fresh entrants from the REIT field, Silver Bay Realty (NYSE: SBY ) and Altisource Residential, (NYSE: RESI ) two trusts that were spun off earlier this year from parent companies Two Harbors Investment (NYSE: TWO ) and Altisource Portfolio Solutions (NASDAQ: ASPS ) , specifically to take advantage of the boom in the foreclosure-to-rental market.
- [By Amanda Alix]
The investment-to-REIT model is alive and well
Before the very end of last year, those involved in the single-family purchase and rental business were largely private equity groups�like the Blackstone Group (NYSE: BX ) , Colony Financial (NYSE: CLNY ) , and Oaktree Capital (NYSE: OAK ) , which bought up distressed properties by the truckload.
Top 10 Up And Coming Stocks To Watch Right Now: FreeSeas Inc.(FREE)
FreeSeas Inc., through its subsidiaries, operates as a bulk transportation company. The company transports various drybulk commodities, including iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, rice, and minor bulks. As of December 31, 2010, it owned and operated nine vessels, including seven Handysize and two Handymax dry bulk carriers. The company was formerly known as Adventure Holdings S.A. and changed its name to FreeSeas Inc. in April 2005. FreeSeas Inc. was incorporated in 2004 and is based in Piraeus, Greece.Advisors' Opinion:
- [By Bryan Murphy]
Two months ago, maritime shipping stocks FreeSeas Inc. (NASDAQ:FREE), NewLead Holdings Ltd (NASDAQ:NEWL), and DryShips Inc. (NASDAQ:DRYS) were all the rage; traders couldn't get enough of them. The spark for the new strength from DRYS, NEWL, and FREE was a strong - and somewhat surprising - bounce in Baltic Dry Index, which roughly measures the daily charter rate for maritime shipping vessels. It had risen from a low of 698 at the beginning of the year to above 1000 by July to a peak of 2113 in late September. Since these shipping companies had seen a tripling (in less than a year, mind you) of the prices they could charge customers, the rebounding interest in these stocks was certainly understandable. FreeSeas shares more than doubled in value during that time. DryShips nearly did the same. While NewLead Holdings Ltd didn't actually dole out any significant gain, it did draw a lot of new interest during that hot period as a potential "the next one to take off" idea.
- [By Bryan Murphy]
The last few weeks have been, shall we say "interesting" for maritime shipping stocks like FreeSeas Inc. (NASDAQ:FREE), DryShips Inc. (NASDAQ:DRYS), and NewLead Holdings Ltd (NASDAQ:NEWL). The strong rise in the Baltic Dry Index - the average daily charter rate of a dry goods vessel - since mid-August (and really since early June) has meant maritime shippers can charge more for their services, and who knows? Maybe they can even turn a profit sometime in the foreseeable future. As a result of that possibility, DRYS gained nearly 100% in a little over a month., NEWL was up as much as 70% at one point in late September, and FREE advanced nearly 300% on the heels of the Baltic Dry Index's runup from 1000 to more than 2000 in just a little over a month.
- [By James E. Brumley]
It's certainly no Safe Bulkers, Inc. (NYSE:SB) or Star Bulk Carriers Corp. (NASDAQ:SBLK), in terms or market cap or revenue. In fact, even with the drybulk shipping industry it's a somewhat obscure name. Yet, FreeSeas Inc. (NASDAQ:FREE) may well be the stock with the most near-term potential upside, now that it's gotten over a key technical hump.
Top 10 Up And Coming Stocks To Watch Right Now: STMicroelectronics N.V.(STM)
STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. Its products include discrete and standard commodity components, application-specific integrated circuits, custom devices and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications. The company also offers subsystems and modules for the telecommunications, automotive, and industrial markets comprising mobile phone accessories, battery chargers, ISDN power supplies, and in-vehicle equipment for electronic toll payment, as well as provides Smartcard products. Its products are used in various microelectronic applications consisting of automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation, and control systems. The company sells its products through distributors and ret ailers. STMicroelectronics N.V. was founded in 1987 and is headquartered in Geneva, Switzerland.Advisors' Opinion:
- [By Vanina Egea]
Reed Elsevier NV (ENL) is a diversified publisher and information provider. It works on a wide range of market segments that include scientific, technical and medical (STM); legal; risks solutions and business information and exhibitions. The key of the company�� growth, however, lies almost exclusively in two brands: Elsevier and LexisNexis.
- [By ICRAOnline]
Revenue for the last quarter stood at $73.4 million, up 27.9% from the year-ago quarter. This was primarily driven by the growth in memory technology licensing, coupled with impressive performance of its security technology licensing business. During the quarter, Rambus also signed new licensing agreements with tech giant Samsung Electronics, Micron Technology (MU), STMicroelectronics (STM), LSI Semiconductor (LSI) and SK Hynix. However, the company�� LED lighting business failed to make any significant contribution.
- [By John Udovich]
If you are looking for a semiconductor stock that�� focus on an area that�� not so cyclical, mid cap microcontroller (MCU) stock Atmel Corporation (NASDAQ: ATML) could be a good choice���meaning its worth taking a closer look at the stock along with other�microcontroller�players like Microchip Technology Inc (NASDAQ: MCHP), STMicroelectronics N.V. (NYSE: STM) and Cypress Semiconductor Corporation (NASDAQ: CY). Microcontrollers are programmable and�embedded�chips that are increasingly�hidden inside a all sorts of products these days e.g. if you have an appliance�with a�LED or LCD screen and a keypad, it contains some kind of�microcontroller plus all new�automobiles contain at least one�and often several. I should mention that we have also recently added Atmel Corporation to our SmallCap Network Elite Opportunity (SCN EO) portfolio and we are down about 5.6% mostly due to the recent market volatility.
Top 10 Up And Coming Stocks To Watch Right Now: Noodles & Co (NDLS)
Noodles & Company, incorporated on December 19, 2002, is a casual restaurant concept offering lunch and dinner. The Company offers noodle and pasta dishes, staples of many cuisines, with the goal of delivering fresh ingredients and flavors globally under one roof from Pad Thai to Mac & Cheese. The Company�� globally inspired menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and sandwiches, which are served on china by its friendly team members.
As of May 28, 2013, including the 16 Company owned restaurants and one franchise restaurant opened in 2013. The Company opened 39 new company owned restaurants and six franchise restaurants. In 2012, the Company began using Your World Kitchen to describe the breadth of its offering and its customers' dining experience.Advisors' Opinion:
- [By Lauren Pollock]
Noodles(NDLS) & Co.’s third-quarter profit soared as the fast-casual dining chain’s sales were bolstered by new restaurant openings and rising demand at established locations. Though sales were boosted by higher traffic and an increase in the amount spent per customer, shares of Noodles dropped 7.9% to $43 in premarket trading as the revenue growth wasn’t as lofty as analysts expected.
- [By WWW.DAILYFINANCE.COM]
Aram Boghosian/The Boston Globe/Getty Images The next hot restaurant initial public offering could be a company that wouldn't mind playing games with you. Dave & Buster's -- the chain of gargantuan restaurants with enclosed arcades and game rooms -- filed to go public earlier this month. If everything goes as planned, it will begin trading later this year under the ticker symbol PLAY on the Nasdaq exchange. There's more to Dave & Buster's than a D&B logo on the outside and a group of adults reliving their childhood at the video game arcade on the inside. Let's go over several of the reasons you may want to consider buying into the upcoming IPO. 1. Dave & Buster's Is Growing Quickly One thing to watch for in assessing eatery IPOs is to make sure that they're not going public as an exit strategy. Investors were burned last year by chasing the once-hot IPOs of sandwich baker Potbelly (PBPB) and pasta tosser Noodles & Co. (NDLS) while store-level popularity was actually peaking. Growth is accelerating at Dave & Buster's. Revenue may have inched just 5 percent higher last year, but sales have soared nearly 17 percent through the first half of this fiscal year. 2. It's Been Here Before This isn't the first time that Dave & Buster's will be a publicly traded company. Investors were able to bet on the company's success until it was taken private by Wellspring Capital Management in 2006. It was then sold to Oak Hill Capital Partners four years later in a $570 million transaction, and now that firm is taking it public. This may not seem like much of a selling point. Some will argue that it reveals a tendency to quit. However, it can also be viewed as a company that is already used to the market's quarterly expectations, with the experience to navigate through Wall Street's fickle tastemakers. 3. Dave & Buster's Offers Diversity From Volatile Food Prices One of the biggest potential setbacks for a restaurant operator is the volatil
- [By Alex Dumortier, CFA]
Noodles & Company (NASDAQ: NDLS )
Thursday evening, on the eve of the initial public offering of fast-casual dining chain Noodles & Company, I wrote: