Saturday, November 10, 2012

Top Stocks For 2012-2-22-12

Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.

Biomass can be used for fuels, power production, and products that would otherwise be made from fossil fuels. In such scenarios, biomass can provide an array of benefits. For example: The use of biomass energy has the potential to greatly reduce greenhouse gas emissions. Burning biomass releases about the same amount of carbon dioxide as burning fossil fuels. However, fossil fuels release carbon dioxide captured by photosynthesis millions of years ago an essentially “new” greenhouse gas. Biomass, on the other hand, releases carbon dioxide that is largely balanced by the carbon dioxide captured in its own growth (depending how much energy was used to grow, harvest, and process the fuel).

The use of biomass can reduce dependence on foreign oil because biofuels are the only renewable liquid transportation fuels available. Biomass energy supports U.S. agricultural and forest-product industries. The main biomass feedstocks for power are paper mill residue, lumber mill scrap, and municipal waste. For biomass fuels, the most common feedstocks used today are corn grain (for ethanol) and soybeans (for biodiesel).

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com

Jabil Circuit Inc. (NYSE:JBL) announced that its Board of Directors has approved payment of a quarterly dividend to shareholders of record as of August 15, 2011. The dividend of $0.07 per share is payable on September 1, 2011.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions in the Americas, Europe, and Asia.

Miller Industries Inc. (NYSE:MLR) intended to release its results for the second quarter ended June 30, 2011 on Tuesday, August 9, 2011, after the close of the market. In conjunction with this release, the Company will host a conference call on the following day that will be simultaneously broadcast live over the Internet: Wednesday, August 10, 2011, 10:00 AM ET, 9:00 AM CT, 8:00 AM MT, 7:00 AM PT.

Miller Industries, Inc. engages in the manufacture and sale of vehicle towing and recovery equipment in North America and internationally.

Oppenheimer Holdings Inc. (NYSE:OPY) reported a net loss of $309,000 or ($0.02) per share for the second quarter of 2011 compared to a net profit of $9.2 million or $0.69 per share in the second quarter of 2010. Revenue for the second quarter of 2011 was $244.5 million compared to revenue of $257.0 million in the second quarter of 2010, a decrease of 4.9%. Client assets entrusted to the Company and under management totaled approximately $73.9 billion while client assets under fee-based programs offered by the asset management groups totaled approximately $19.7 billion at June 30, 2011 ($66.9 billion and $14.7 billion, respectively, at June 30, 2010). Second quarter results were negatively impacted by costs of $4.6 million associated with refinancing their long-term debt as well as significant continuing costs associated with auction rate securities matters.

Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full service broker-dealer.

Cummins Inc. (NYSE:CMI) reported record sales and earnings for the second quarter on strong growth in nearly every global market. The Company’s Engine, Components and Distribution segments each delivered record sales and earnings. Second quarter sales were $4.6 billion, up 45 percent from the same period last year. Earnings before interest and taxes (EBIT) were $775 million and included a $68 million gain on the sale of the exhaust business from CMI Components segment. Excluding the gain from the sale of the exhaust business, EBIT was $707 million, or 15.2 percent of sales, the highest level and percent of sales the company has reported in any quarterly period in its history.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide.

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