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June 25, 2010 52-Week Low Wrap-Up: Blackrock, BP Plc, Community Bankers Trust, ENGlobal, First Financial Northwest, Harsco, Monsanto, Nokia, Outdoor Channel

Patrick Goldin

Patrick Goldin

2 followers
Today, 112 companies’ share prices set a new 52-week low. Of these companies, these are the ones that are worth researching in greater depth:

Blackrock (BLK)

BlackRock provides asset management services primarily for institutional investors, which account for 75% of the firm's AUM. BlackRock has more than $3 trillion invested in equity/hybrid (46% of total AUM), fixed-income (32%), and money market (10%) funds, with the remainder in multi-asset class, alternative investment, and long-term portfolio liquidation strategies. Passive equity and fixed-income funds account for half of BlackRock's managed assets.

BP Plc (BP)

BP is global integrated oil and gas company with operations across six continents. BP's upstream operations produced 4.0 million barrels of oil equivalent per day in 2009. Downstream operations include refineries with 2.7 million barrels per day of capacity, petrochemical plants, and retail marketing operations with 22,600 service stations.

Community Bankers Trust (BTC)

Community Bankers Trust Corporation is a well-capitalized, single-bank holding company headquartered in the greater Richmond, Virginia market. The Company is the holding company for Essex Bank, a Virginia state bank with 25 full-service offices, 14 of which are in Virginia, seven of which are in Maryland and four of which are in Georgia.

ENGlobal (ENG)

ENGlobal provides industrial products and consulting services, primarily for oil and gas firms. The company also serves various municipalities and communications firms. The company manufactures power products, such as battery chargers, instrumentation and control systems, and monitoring systems. Services provided by the company include field services, network modeling, and air emissions consulting.

First Financial Northwest (FFNW)

First Financial Northwest was formed in 2007 to be the holding company for First Savings Bank Northwest, a community-based savings bank serving the state of Washington. First Financial focuses on construction/land development and commercial real estate lending. The company’s business operations are primarily limited to passive investment activities and oversight of its investment in First Savings Bank Northwest.

Harsco (HSC)

Harsco is an industrial services firm that operates four business units. The Mill Services unit recovers manufacturing byproducts and streamlines material usage. Access Services rents scaffolding and concrete forming products to the construction industry. Heat Transfer equipment, railroad maintenance products and metal grating are a few of the products developed by the Engineered Products group. Gas Technologies produces precision valves and canisters for the gas industry.

Monsanto (MON)

Monsanto is one of the world's leading providers of agricultural inputs, including seeds, biotechnology traits, and herbicides. The company has a presence in more than 100 countries and generated $11.7 billion in sales during its fiscal 2009. The firm's seed and genomics segment generated 67% of companywide gross profit in 2009, while the herbicide segment contributed 33%.

Nokia (NOK)

Nokia is the world's largest manufacturer of mobile devices and a leader in mobile network equipment and software. The company's mobile phones provide consumers with experiences in voice, video, gaming, navigation, imaging, and music. Through its 50%-owned Nokia Siemens Networks joint venture, the company provides equipment and services to network operators, service providers, and corporations.

Outdoor Channel (OUTD)

Outdoor Channel Holdings is the holding company for Outdoor Channel, a cable channel that features programs geared toward sportsmen. These programs involve such outdoor activities as hunting, fishing, shooting, rodeo, motor sports, gold prospecting, and related programming. The company also owns interests in businesses that support its core cable programming business, including a gold prospecting campground club, Gold Prospector magazine, and a property in Alaska.

Penson Worldwide (PNSN)

Penson Worldwide provides securities-processing infrastructure products and services to the global securities and investment industry. Its products and services include securities and futures clearing, margin lending, facilities management, technology, and other related offerings to broker-dealers, hedge funds, banks, and financial technology firms.

Tidewater (TDW)

Tidewater operates the world's largest fleet of service vessels, which are contracted by offshore energy firms. These vessels transport supplies and personnel to offshore rigs and tow mobile rigs to new destinations worldwide. The firm also operates Quality Shipyards, a wholly owned subsidiary that constructs and repairs vessels. Since its founding in 1955, Tidewater has expanded its fleet from a single vessel toapproximately 400 vessels.

About the author:

Patrick Goldin
Patrick Goldin is the General Partner of the Alain Value Fund LP, a limited partnership exercising a value-focused and bottom-up securities approach. In addition to his duties as general partner, he is a student in high school. He can be reached at patrick.goldin@alainvaluefund.com

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