July 7, 2010 52-Week Low Wrap-Up: Tejon Ranch, Seahawk Drilling, RailAmerica, Midsouth Bancorp, Cowen Group, Century Casinos, Duff & Phelps, Community Bankers Trust, Brink's Company

July 7, 2010 52-Week Low Wrap-Up

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Jul 07, 2010
Today, 145 companies’ share price reached a new 52-week low. Of these companies, these are the ones that may present an opportunity:


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.


Community Bankers Trust (BTC, Financial)


Community Bankers Trust is a bank holding company for Essex Bank. The Bank engages in commercial banking business and provides a range of financial services primarily to individuals and small businesses. On January 30, 2009, the Bank acquired Suburban Federal Savings Bank, Crofton, Maryland. Essex Services sells title insurance to the Bank’s mortgage loan customers. Essex Services also offers insurance products through an ownership interest in Bankers Insurance and investment products through an affiliation with VBA Investments.


Duff & Phelps (DUF, Financial)


Duff & Phelps is financial services firm with a focus on financial advisory and investment banking services. Its financial advisory segment, which offers valuation advisory and corporate finance consulting services, is at the core of Duff & Phelps' offerings and accounts for more than four fifths of its revenue. Investment banking services make up the rest.


Century Casinos (CNTY, Financial)


Century Casinos owns and operates casinos in Colorado and South Africa, as well as runs casino operations for the Millenium Casino in the Czech Republic. The company's original casino, the Womacks Casino and Hotel in Cripple Creek, Colorado, is the company's core operation. Century Casinos also has long-term agreements with three global cruise ship companies to operate multiple casinos aboard their cruise ships.


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.


FBR Capital Markets (FBCM, Financial)


FBR Capital Markets is an indirect taxable REIT, a subsidiary of Friedman, Billings, Ramsey & Co, which is 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.


Midsouth Bancorp (MSL, Financial)


MidSouth Bancorp is the holding company for MidSouth National Bank, which operates 18 banking offices in Louisiana. The bank provides savings, checking, money market, and individual retirement accounts. MidSouth National Bank also offers traveler's checks, U.S. savings bonds, cashier's checks, credit cards, and automated-teller services. The bank originates business, real estate, construction, and consumer loans.


RailAmerica (RA, Financial)


RailAmerica is one of the largest short-line railroads in North America. The firm's 40 railroads operate 7,500 miles of track in 27 U.S. states and three Canadian provinces. During 2008, the firm's hauling more than 1 million carloads produced revenue of $508.5 million.


Seahawk Drilling (HAWK, Financial)


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. As a result, Pride no longer retains any ownership interest in Seahawk.


Stewart Information Services (STC, Financial)


Stewart Information Services provides title insurance and settlement-related services. The company operates in all 50 states, closing transactions and issuing title policies on homes and commercial real estate properties. The company also provides real estate information services and data such as mapping products and geographic information systems.


Tejon Ranch (TRC, Financial)


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.