成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线


 
|
|
|
|
|
|
|
|
|
|
 
10 best stocks for 2011 (2)
作者: Jon Birger    時間: 2010年12月27日    來源: 財富中文網(wǎng)
 位置:投資理財         
字體 [   ]        
打印         
發(fā)表評論        





Transocean

Market cap: $21 billion

2009 Revenue: $12 billion

P/E ratio: 9.2

Dividend yield: N.A.

Ticker: RIG

????The disaster that killed 11 workers and spilled millions of gallons of oil into the Gulf of Mexico didn't just crush BP's stock. It also sank shares of offshore driller Transocean, which owned and operated the Deepwater Horizon (which BP had leased). The rig was insured for $560 million -- already paid to Transocean -- but investors feared the company would be held liable for billions in cleanup costs and restitution.

????Transocean maintained that its contract with BP shields it from liability. BP disagreed. So Transocean published the contract: BP "shall assume full responsibility for and shall protect, defend, indemnify, and hold [Transocean] harmless from and against any loss, damage, expense, claim, fine, penalty, demand or liability for pollution or contamination ... without regard for whether the pollution or contamination is caused in whole or in part by the negligence or fault of [Transocean]." BP even indemnified Transocean against "gross" negligence or "any other theory of legal liability" claimed by plaintiffs or regulators.

????Most analysts now agree the early worries were overblown. "We think that the company is well indemnified against blowout-related liability," writes Stifel Nicolaus analyst Thaddeus Vayda. He has an $82 price target for Transocean shares, up 22% from the current $67.

????We think Transocean's upside is even greater, despite increased scrutiny of offshore drilling and the Obama administration's decision to reverse its expansion of gulf exploration. Oil prices have risen 17% since May as global demand has rebounded to 2007 levels. Weakness in the West has masked voracious demand in China and India. As North America and Europe recover, the return of triple-digit oil seems likely. Meanwhile production isn't keeping up with demand. All of that means a greater need for deepwater drilling. And consider this: There's a correlation between the price of oil and the value of the long-term contracts oil companies sign to lease Transocean's drilling rigs. Transocean earned $16.57 per share back in 2007 (when oil prices averaged $64). Apply its current 9.2 P/E ratio to those earnings, and you've got a $150 stock.

Royal Dutch Shell

Market cap: $108 billion

2009 Revenue: $278 billion

P/E ratio: 8.3

Dividend yield: 5.5%

Ticker: RDSA

????Offshore drillers like Transocean tend to be the energy sector's more volatile stocks. If wild rides aren't your thing, consider Royal Dutch Shell. "Buying this stock is kind of like buying a utility with a call option on oil prices," says Greg Padilla, co-manager of the Nuveen Tradewinds Global Resources fund, which owns a significant Shell stake. Padilla means that as a compliment, but we'd go further. Yes, the stock has attributes that conservative investors favor, such as low debt and $28 billion a year in free cash flow. Shell's 5.5% dividend yield is higher than Chevron's (3.6%) or Exxon Mobil's (2.5%). It trades at a bargain 8.3 P/E, a shade below the 9.1 average for its peer group (and well below the S&P 500's 13).

????But Shell is also a growth story. Analysts expect it to increase profits at a higher rate than any of its Big Oil brethren over the next two years. The reason? Many of them are struggling to find enough new oil to offset depletion in old wells. By contrast, Shell is expanding reserves and pumping up production. "They're one of the few majors with significant production growth," says Ben Fischer, portfolio manager of the Allianz NFJ International Value Fund.

????The key has been Shell's hefty investment in research and development, typically higher than that of any other oil company. Next year, for example, Shell will open a $19 billion plant in Qatar that uses state-of-the-art technology (backed by 3,500 Shell patents) to convert Qatar's abundant natural-gas supplies into 260,000 barrels a day of diesel and other liquid fuels.

????Shell has another advantage: geography. Much of the world's oil and gas is located in countries that are politically unstable, riddled with violence, or run by corrupt politicians (and sometimes all of the above). Perhaps burned by its experiences in places like Nigeria, Shell is now placing some of its biggest bets on unconventional oil-and-gas production in ultrastable countries such as Australia, Canada, and the U.S. ?"People tend to look at Royal Dutch Shell as a safe place to get a dividend yield, which it is," says Fischer. "But it has a really good set of strategic initiatives going for it too."

Lennar

Market cap: $2.8 billion

2009 Revenue: $3.1 billion

P/E ratio: 25

Dividend yield: 1.1%

Ticker: LEN

????Lennar is one of the nation's largest homebuilders -- which hasn't been anything to boast about. It has careened from earning $1.4 billion in 2005 to a loss of $417 million in 2009, and its stock has swooned from $67 to $15 a share.

????So why recommend Lennar? Consider the big picture. Between 1959 and 2007, housing starts in the U.S. averaged 1.5 million a year, a figure propelled by a potent force: Historically there have been 1 million to 1.5 million new households formed in the U.S. every year. But since the end of 2008, housing starts have averaged 575,000 a year. "It's unbelievable -- housing starts have been near 50-year lows for two years," says Karl Case, the Wellesley College economics professor who started sounding the alarm about the real estate bubble back in 2004.

????Yes, foreclosures and inventories of unsold homes continue to be a drag on home prices -- and Lennar is a stock that will require patience -- but the market seems to be clearing. Inventories have declined for four consecutive months and are now down 25% since 2008. Harvard's Joint Center for Housing Studies expects 1.2 million household formations per year through 2015. Case thinks demand could soon outstrip supply, which would lead to higher prices. Analyst Stephen Kim of Alpine Funds is more optimistic: "There's no question you're going to see a snap-back in the housing market."

????Moreover, Lennar has a history of making lemonade from real estate lemons. During the S&L crisis in the early 1990s, it made a small fortune buying distressed properties at 30¢ or 40¢ on the dollar and then reselling them for 50¢ or 60¢. The operation was so successful it was eventually spun off into a separate company -- LNR -- that was acquired for $3.8 billion. The brains behind LNR was Jeffrey Krasnoff, and he's now back at Lennar running a new distressed real estate unit called Rialto. Michael Winer, manager of the Third Avenue Real Estate Value Fund and a Lennar shareholder, thinks Rialto can cash in even without an immediate rebound in home prices. Says Winer: "This is a stock that could move very quickly. By the time everybody believes there's a recovery underway, it'll be too late. Lennar could already be up 40% or 50%."




相關(guān)閱讀
用戶名: 密碼:      匿名


0條評論          查看更多評論











欧美日韩国产精品自在自线| 少妇被又大又粗又爽毛片久久黑人| 亚洲国产精品三级片∧v卡在线| 乱子伦在线观看中文字幕| 日本精品熟妇免费一区二区三区| 午夜A级理论片在线播放韩国| 亚洲欧美综合国产不卡| 亚洲日韩中文在线精品第一| 午夜高清国产拍精品福利| 97亚洲精品国偷自产在线| 国产aⅴ无码久久丝袜美腿| 少妇荡乳情欲办公室456视频| 精品一区二区三区无码免费视频| 人妻无码αv中文字幕久久| 亚洲AV永久无码精品一百度影院| 久久综合亚洲色HEZYO国产| 亚洲一区二区三区AV| 色综合久久久久久久久五月| 国产成人黑色丝袜高跟鞋视频在线| 黑人玩弄出轨人妻中文字幕| 欧美性xxxxx极品老少| 奇米777狠狠色嚕嚕狠狠狠| 久久久99精品成人片中文字幕| 肉欲视频国产天天激情三级| 久久97精品久久久久久久不卡| 国产在线拍揄自揄视频不卡99| 久久精品国产精品亚洲下载| 今天我不戴套进去爽死你| 惠民福利亚洲国产日韩在线精品频道| 精品国产日韩亚洲一区在线| 青青久在线视频免费观看| 99久久久国产精品免费电影影片| 在线看片无码免费人成视频| 久久久久免费一级毛片| 国产精品无码v在线观看| 久久久久亚洲AV无码专区首| 久久久久久亚洲精品中文字幕| 少妇人妻无码专区毛片| 亚洲欧美日韩久久一区二区| 1080P 国产麻豆剧传媒精品国产AV| 高潮呻吟久久av无码午夜鲁丝片|