July 1, 2010 52-Week Low Wrap-Up: Alliant Techsystems, AK Steel, Arrow Financial, Bank of New York Mellon, Barclays, Brink's Company, Cameco, Carrols Restaurant

July 1, 2010 52-Week Low Wrap-Up

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Jul 01, 2010
Today, 333 companies’ share price reached a new 52-week low. Of these companies, these are the ones that look may present an opportunity.


Alliant Techsystems (ATK, Financial)


Alliant Techsystems is a supplier of aerospace and defense products to the United States government, allied nations, and prime contractors. It is also a supplier of ammunition and related accessories to law enforcement agencies and commercial customers. As of March 31, 2009, the Company had three segments: ATK Armament Systems, ATK Mission Systems and ATK Space Systems. ATK Armament Systems develops and produces military ammunition and gun systems, commercial products, tactical accessories and equipment, and propellant and energetics.


AK Steel (AKS, Financial)


Ohio-based AK Steel is a leading producer of flat-rolled carbon, stainless, and electrical steel and tubular products. Its products are sold primarily to the automotive industry (40% of sales), the appliance, industrial machinery, and construction industries (30%), and independent service centers (30%).


Arrow Financial (AROW, Financial)


Arrow Financial is the holding company for its two subsidiaries, Glens Falls National Bank and Trust Co. and Saratoga National Bank and Trust Co., which together operate over thirty banking offices in eastern New York. The banks provide checking, saving, money-market, and individual retirement accounts, as well as certificates of deposit. In addition, the banks offer estate-services, credit-card-processing services for other banks, and corporate pension, profit-sharing, and employee-benefit-administration services.


Bank of New York Mellon (BK, Financial)


Bank of New York Mellon was created by the July 2007 merger between Mellon Financial and Bank of New York. The resulting entity is one of the world's largest financial services companies. Through its custody operations, BNY Mellon is a leader in providing back-office services to other financial firms. The bank's asset-management and private banking operations serve institutional and high-net-worth individuals globally.


Barclays (BCS, Financial)


Barclays is one of the largest banks in the United Kingdom and has operations around the world. Its businesses include U.K. banking, which serves retail and business customers in the U.K.; Barclays Capital, a debt-focused investment bank; international banking, which serves retail and business customers in Europe, Africa, and Asia; and Barclaycard, a large credit card issuer.Barclays has a 20% stake in BlackRock as a result of the 2009 sale of Barclays Global investors.


Brink’s Company (BCO, Financial)


The Brink’s Company is a provider of secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations worldwide. The Company’s international network serves customers in more than 50 countries and employs approximately 59,400 people. Its operations include approximately 875 facilities and 10,500 vehicles. 71% of its revenues are from outside North America.


Cameco (CCJ, Financial)


Canada-based Cameco is an integrated nuclear energy company involved in uranium mining, conversion services, and power generation. The company is the world's largest uranium producer and owns some of the richest deposits. Cameco participates in power generation through a stake in Bruce Power, a large Canadian nuclear power facility. Cameco also owns stakes in Centerra Gold, a publicly traded gold miner, and GLE, a uranium enrichment company.


Carrols Restaurant (TAST)


Carrols Restaurant Group operates restaurants in the quick-service restaurant segment. It owns and operates several restaurant brands, including Pollo Tropical and Taco Cabana. While the company owns most of these restaurants, it has franchised a small number of these two brands in the United States, Puerto Rico, and Ecuador. Carrols also operates over 300 Burger King restaurants under franchise agreements.


Colony Financial (CLNY, Financial)


Colony Financial plans to acquire, originate, and manage commercial mortgage loans and other commercial real estate-related debts. The current market capitalization of the company is $254 million, compared to equity of $273.4 million.


Cowen Group (COWN, Financial)


Cowen Group is an investment banking firm whose history can be traced back to 1918. In 2009, the company merged its investment banking business with asset-management firm Ramius. Cowen primarily provides investment banking and brokerage services to small- and mid-cap companies in seven industries: health care, technology, telecommunications, alternative energy, consumer, financials, and aerospace and defense.


ENGlobal (ENG, Financial)


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.


Energizer (ENR)


Energizer Holdings is the second-largest manufacturer of batteries in the U.S., selling them under the Energizer and Eveready names. It also makes industrial batteries and rechargeables for use in items such as computers and digital cameras. The company was spun off from Ralston Purina in 2000. It acquired Schick-Wilkinson Sword, the second-largest razor and blade business, in 2003, and in fall 2007 it acquired Playtex Products.


ExxonMobil (XOM)


Exxon is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2009, it produced 2.4 million barrels of oil and 9.3 billion cubic feet of natural gas a day. At year-end 2009, reserves stood at 14.95 billion boe (plus 8.03 billion for equity companies), 62% of which are oil. The company is the world's largest refiner with 37 refineries, and it is one of the world's largest manufacturers of commodity and specialty chemicals.


FBR Capital Markets (FBCM)


FBR Capital Markets is an indirect taxable REIT, a subsidiary of Friedman, Billings, Ramsey & Co., a full-service investment banking, trading, research and asset management firm. By separating the capital markets and asset management businesses, FBR Group created FBR Capital Markets to allow investors to invest in the capital markets business at FBR.


Federated Investors (FII)


Federated provides investment-management services for institutional and individual investors. Mutual funds represent around 80% of the firm's AUM, with the remainder in separately managed accounts and liquidation portfolios. At the end of the first quarter of 2010, Federated's AUM was comprised of equity (9%), fixed-income (10%), liquidation (3%) and money market (78%) funds. Products are distributed directly to institutions, as well as through financial intermediaries.


Goldman Sachs (GS)


Goldman Sachs is a global investment banking firm whose activities are organized into investment banking, trading and principal investments, and asset-management and securities services segments. The firm recently reorganized itself as a bank holding company regulated by the Federal Reserve.


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.


Hilltop Holdings (HTH)


Hilltop Holdings is a holding company that anticipates seeking to make strategic acquisitions and investments with certain of the proceeds from its asset sale which was completed in July 2007. Hilltop currently owns a property and casualty insurance operation, NLASCO, located in Waco, Texas, that focuses on providing fire and homeowners insurance for low value dwellings and manufactured homes primarily in Texas and other areas of the south, southeastern and southwestern United States.


Horsehead Holding (ZINC)


Horsehead Holding produces specialty zinc and zinc-based products. The Company’s products are used in a variety of applications, including in the galvanizing of fabricated steel products and as components in rubber tires, alkaline batteries, paint, chemicals and pharmaceuticals. In addition, the company also offers zinc and copper-based powders that are used primarily in construction materials and water treatment.


Knight Capital (KCG)


Knight Capital Group provides electronic and voice financial security trade execution services to buy-side, sell-side, and corporate clients as a market maker, agent, and electronic execution provider.


Morgan Stanley (MS)


Morgan Stanley is a global investment bank with history through its legacy firms that can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments and more than 60,000 employees. The company derives about half of its total revenue outside the Americas.


Nucor (NUE)


Nucor operates 23 scrap-based steel mini-mills in North America, producing flat-rolled and long products as well as downstream steel products such as steel joists, girders, and decks. The company is also the largest U.S. scrap processor and broker. Nucor primarily serves manufacturers, steel service centers, and fabricators in North America, although exports are becoming a larger component of the company's sales.


O’Charley’s (CHUX, Financial)


O'Charley's operates and franchises casual dining, full-service restaurants. The company operates more than 200 O'Charley's restaurants in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Virginia, Ohio, Indiana, Illinois, and Tennessee. The company is also a partner in Logan's Partnership, which operates three Logan's Roadhouse restaurants in Kentucky and Tennessee. Both O'Charley's and Logan's specialize in steaks and bakery products.


RailAmerica (RA)


RailAmerica is an owner and operator of short line and regional freight railroads in North America, operating a portfolio of 40 individual railroads with approximately 7,400 miles of track in 27 Unites States and three Canadian provinces. During the year ended December 31, 2009, its railroads transported over 800,000 carloads of freight for approximately 1,500 customers, hauling a range of products, such as farm and food products, lumber and forest products, paper and paper products, metals, chemicals and coal. The Company provides its freight services under a contract or similar arrangement with either the customer located on its rail line or the connecting Class I railroad. Contracts and arrangements vary in terms of duration, pricing and volume requirements.


Research in Motion (RIMM)


Research in Motion designs and markets wireless handsets, software, and services. RIM's primary revenue driver is the sale of handsets to carriers worldwide that promote the company's BlackBerry line of devices. In addition, RIM generates access service fees from carriers for each BlackBerry subscriber. Software licensing revenue is also generated from corporate clients incorporating the BlackBerry Enterprise Server software in their wireless data management.


Seahawk Drilling (HAWK)


Seahawk Drilling operates a jackup rig business that provides contract drilling services to the oil and natural gas exploration and production industry in the Gulf of Mexico. As of December 31, 2009, the Company’s fleet of mobile offshore drilling rigs consisted of 20 mat-supported jackup rigs that are capable of operating in maximum water depths of up to 300 feet and drilling to depths of up to 25,000 feet. The Company contracts with its customers on a day-rate basis to provide rigs and drilling crews. Seahawk’s customers primarily consist of various independent oil and natural gas producers, drilling service providers and the national oil company in Mexico, (PEMEX). Effective August 24, 2009, Seahawk was spun-off from its parent company, Pride International, Inc.


State Street (STT)


State Street is one of the largest trust banks worldwide, combining banking, asset servicing, and asset-management operations. The company also offers services such as foreign exchange, cash management, credit, and electronic trading to help customers negotiate complex global financial markets efficiently. State Street Global Advisors, its asset management arm, is the world's largest institutional money manager and a leading provider of ETFs.


Supervalu (SVU)


SUPERVALU operates in two segments, primarily in the grocery sector: retail and supply-chain services. Through its retail operations, which account for about 80% of annual sales, the company operates mostly conventional supermarkets, such as Albertsons, and low-price, limited-assortment Save-A-Lot stores. SUPERVALU's supply-chain services segment provides distribution and related logistics support services to more than 2,500 independent retailers and other grocery endpoints.


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 to approximately 400 vessels.


Tejon Ranch (TRC)


Tejon Ranch owns around 270,000 acres of land north of Los Angeles. Although at one time used almost exclusively for agricultural purposes, the majority of income is now earned through transactions related to real estate. The company owns and operates an industrial complex on the land, which leases space to industrial and commercial users, as well as ranching and recreational facilities. Agricultural operations still produce significant portions of revenue, earned through the sale of fruits, vegetables and nuts to commercial buyers


Western Union (WU)


Western Union provides domestic and international money transfers through its global network of over 400,000 outside agents. It is the largest money transfer company in the world, with almost 20% market share in international remittances, and one of only two companies with a truly global agent network, with MoneyGram being the other.