It might not be obvious to the casual observer, but right now, today, Xerox (NYSE: XRX ) stock offers one of the best values available in the IT industry. Why?
Three reasons.
Xerox stock is cheap
When you stack up Xerox stock against two of its rivals in the international "business process outsourcing" industry -- Accenture (NYSE: ACN ) and IBM (NYSE: IBM ) -- it's clear that Xerox is one of the cheapest options out there. Its 9.7 price-to-earnings ratio falls 32% below the P/E of IBM. It sells for a whopping 45% discount to the price of a share of Accenture.
And as is so often the case, with a low valuation comes a big boost in dividend yield. Xerox stock currently yields a tidy 2.6% dividend. That's as compared with Accenture and IBM, both of which yield less than 2%.
Xerox: A cheap price for low expectations
Why aren't investors paying up for Xerox stock (yet)? Part of the reason, one presumes, is because no one's expecting the stock to do very much over the next five years. Of the three firms named, Xerox currently sports the lowest projected growth rate.
Best Heal Care Companies To Own For 2015: Kratos Defense & Security Solutions Inc.(KTOS)
Kratos Defense & Security Solutions, Inc. provides mission critical products, services, and solutions in the United States. The company?s Kratos Government Solutions segment offers various services comprising weapon systems sustainment, lifecycle support, and extension; command, control, communications, computing, combat systems, intelligence, surveillance, and reconnaissance services, including cybersecurity, cyberwarfare, information assurance, and situational awareness solutions; military range operations and technical services; missile, rocket, and weapons systems test and evaluation; mission launch services; modeling and simulation; unmanned aerial vehicle products and technology; advanced network engineering and information technology services; and public safety, security, and surveillance systems integration. Its Public Safety & Security segment provides independent integrated solutions for homeland security, public safety, critical information, and security and su rveillance systems. This segment?s solutions consists of designing, installing, and servicing building technologies that protect people, critical infrastructure, assets, information, and property in various areas, such as the design, engineering, and operation of command and control centers; design, engineering, deployment, and integration of access control; building automation and control; communications; digital and closed circuit television security and surveillance; fire and life safety; maintenance services; and product support services. The company primarily serves the United States government agencies, including the department of defense, classified agencies, intelligence agencies, other national security agencies, and homeland security related agencies. The company was formerly known as Wireless Facilities, Inc. and changed its name to Kratos Defense & Security Solutions, Inc. in September 2007. The company was founded in 1994 and is headquartered in San Diego, Cali fornia.
Advisors' Opinion:- [By MONEYMORNING]
That's the case with Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS), which provides mission critical engineering, IT services, and war fighter solutions for the U.S. federal government and for state and local agencies
- [By Jake L'Ecuyer]
Equities Trading UP
Kratos Defense & Security Solutions (NASDAQ: KTOS) shot up 7.74 percent to $7.79 after the company reported that it has been awarded a five-year seaport-e contract. - [By MONEYMORNING]
And in subsequent reports this summer, we recommended Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS), a defense-and-cybersecurity stock that zoomed as much as 50% before surrendering some of those gains. We still have a double-digit profit in the stock. And we continue to like it for the long haul.
- [By Rich Smith]
On Monday, the Department of Defense awarded 19 contracts, which added�up to just under $1.5 billion in total value. The largest award went to a private company to pay for "full line food distribution" in Okinawa. But even so, there were a few contracts worth noting, going to publicly traded companies:
Top 10 Cheapest Companies For 2014: Indo Global Exchange(IGEX)
Indo Global Exchange(s) Pte, Ltd., formerly Claridge Ventures, Inc., incorporated on May 7, 2008, presents and provides online trading platforms. The Company�� online trading platforms offer market access to the clients, which include over 30 global equity exchanges for trading in securities; over 30 global equity exchanges for trading in contracts for differences (CFD's), which include Euro Zone, the United Kingdom, Japan, Asia, Oceania, Canada, & the United States; over 180 currency pairs in spot (Cash), forwards and options; gold and silver trading in spot (Cash), forwards and options; global commodity futures exchanges including financial futures, and indices and commodity CFD's.
The Company�� trading services products include stocks, CDFs, forex, futures, contract option, exchange traded funds (ETF's) and exchange traded commodities (ETCs), foreign-exchange (FX) option and managed account. Education centre offers information through free tutorial and self paced learning for Shares, CFD's, Futures and FX for beginners and experienced traders alike. It is acting as the administrator, promoter, educator and integrator for the clients in Asia. The Company uses Halifax Investment Services Pty Ltd and Australian Stock Report as its clearing and settling operation in Australia. The Company is supported by global trading platforms in equities, CFD��, derivatives, commodities, energies, foreign exchange and options.
The Company provides online Forex trading for 24 hours a day on currency pairs worldwide. It offers a range of ETF's and ETCs that are tradable on live prices through its online trading platforms. It offers 1,500+ ETFs and ETCs. The Company�� platforms include Online Trader, WEBTrader and Mobiletrader. Its stock accesses more than 14,000 stocks from 29 global exchanges. Its CFDs access to over 8,000 CFDs including 21 Index-Tracking CFDs, 20 Commodity CFDs and Forex CFDs across 29 global exchanges worldwide. Its futures offer more than 190 instruments, includ! ing crude oil, currencies, gold and silver, agricultural products, meats, softs and stock indices.
Advisors' Opinion:- [By John Udovich]
If you have found yourself trading more as the markets�become more volatile or struggling to come to terms with low interest rates, small caps like Interactive Brokers Group, Inc (NASDAQ: IBKR), MarketAxess Holdings Inc (NASDAQ: MKTX), Indo Global Exchanges PteLtd (OTCMKTS: IGEX) which are in the electronic brokerage or trading platform business would be well worth taking a closer look at. Here is what you need to know about all three:
- [By James E. Brumley]
Ever wish you could go back in time and get in on the ground floor of online stock-trading names like Charles Schwab Corp. (NYSE:SCHW), TD Ameritrade Holding Corp. (NYSE:AMTD), or E TRADE Financial Corporation (NASDAQ:ETFC)? While all three stocks have done fairly well since debuting anywhere about 20 years ago, the lion's share of their gains came in just the first few months of their existence. SCHW rallied just shy of 400% in its first eleven months of trading. AMTD soared more than 750% during its first six months of being a publicly-traded stock. ETFC had jumped a whopping 1289% nine months after its IPO. Well, while nobody can get in a time machine and do it over, there's another online-trading company on the horizon that could be similarly potent. It's Indo Global Exchanges PteLtd (OTCMKTS:IGEX).
- [By James E. Brumley]
Care to venture a guess as to what country is the world's fourth largest by population, and 16th largest by gross domestic product? Few get the right answer, even with both descriptors. Likewise, since most underestimate the size and strength of this nation, they also underestimate the size and scope of one particular investment opportunity. The country: Indonesia. The stock: Indo Global Exchanges PteLtd (OTCMKTS:IGEX). Indo Global is planting the seeds to become that country's first, best (and so far, only) online stock-trading service... a country where Charles Schwab Corp. (NYSE:SCHW), TD Ameritrade Holding Corp. (NYSE:AMTD), and E-TRADE Financial Corporation (NASDAQ:ETFC) don't have a presence to get in Indo's way.
- [By James E. Brumley]
They say a company is judged by the caliber of the talent it can attract. If that's true (and it is), then Indo Global Exchanges PteLtd (OTCMKTS:IGEX) should have little problem successfully completing its mission of becoming in Indonesia what E-TRADE Financial Corporation (NASDAQ:ETFC), Charles Schwab Corp. (NYSE:SCHW), and TD Ameritrade Holding Corp. (NYSE:AMTD) became here in the United States ... a dominant force in the stock brokerage world, and the face of online trading. The only difference is, IGEX may finish its mission a lot faster than AMTD, SCHW, or ETFC did. See, Indo Global Exchanges PteLtd's target market is already fully online and in love with the internet (Indonesia has a bigger Facebook-user populous than the United States, for cryin' out loud), and there's no online-trading competition in sight.
Top 10 Cheapest Companies For 2014: Covanta Holding Corp (CVA)
Covanta Holding Corporation (Covanta), incorporated in April 16, 1992, is a holding company. The Company is a owner and operator of infrastructure for the conversion of waste to energy ( energy-from-waste or EfW), as well as other waste disposal and renewable energy production businesses. Covanta conduct all of its operations through subsidiaries which are engaged predominantly in the businesses of waste and energy services. The Company has one segment which is Americas and consists of waste and energy services operations primarily in the United States and Canada. The Company owns and holds interests in energy-from-waste facilities in China and Italy. The Company also has investments in subsidiaries engaged in insurance operations in California, primarily in property and casualty insurance. In 2011, it sold two landfill gas projects located in California. In May 2011, it acquired a metals processing facility located on its Dade energy-from-waste facility site.
As of December 31, 2011, it owned 85% interest of Taixing Covanta Yanjiang Cogeneration Co., Ltd. It operates and maintains the energy-from-waste facility located in and owned by the City and County of Honolulu, Hawaii. In December 2011, the Company amended the waste disposal agreement with the Union County Utilities Authority to extend their terms from 2023 to 2031 and to increase the Union County Utilities Authority�� waste disposal commitment. The Company�� EfW facilities earn revenue from both the disposal of waste and the generation of electricity, generally under long-term contracts, as well as from the sale of metal recovered during the energy-from-waste process. In the Americas, it processes approximately 19 million tons of solid waste annually. In total, these assets produce over 10 million megawatt hours of baseload electricity annually. The Company operates and/or has ownership positions in 46 energy-from-waste facilities, which are primarily located in North America, and 15 additional energy generation facilities, i! ncluding other renewable energy production facilities in North America (wood biomass and hydroelectric). The Company also operates a waste management infrastructure that is complementary to its core EfW business.
Energy-From-Waste Projects
Energy-from-waste projects have two purposes: to provide waste disposal services, typically to municipal clients who sponsor the projects, and to use that waste as a fuel source to generate renewable energy. The electricity or steam generated by the projects is generally sold to local utilities or industrial customers. The projects are capable of providing waste disposal services and generating electricity or steam. The Company provides these waste disposal services and sell the electricity and steam generated under contracts, which expire on various dates between 2012 and 2034. Many of its service contracts may be renewed for varying periods of time, at the option of the municipal client.
Tehe Company�� energy-from-waste projects generate revenue from three main sources: fees charged for operating projects or processing waste received; the sale of electricity and/or steam, and the sale of ferrous and non-ferrous metals that are recycled as part of the energy-from-waste process. Its customers for waste disposal or facility operations are principally municipal entities, though it also markets disposal capacity at certain facilities to commercial and special waste customers. Its facilities sell energy primarily to utilities at contracted rates or, in situations where a contract is not in place, at prevailing market rates in regional markets (primarily PJM, NEPOOL and NYISO in the Northeastern United States).
The Company operates, and in some cases has ownership interests in, transfer stations and landfills, which generate revenue from ash disposal fees or operating fees. In addition, it owns, and in some cases operates, other renewable energy projects in the Americas segment, which generate electricity from wood wast! e (biomas! s) and hydroelectric resources. The electricity from these other renewable energy projects is sold to utilities under contracts or into the regional power pool at short-term rates. For these projects, it receives revenue from sales of energy, capacity and/or cash from equity distributions and additional value from the sale of renewable energy credits.
The Company operates energy-from-waste projects in 16 states and one Canadian province, and are constructing an energy-from-waste project in a second Canadian province. Most of its energy-from-waste projects were developed and structured contractually as part of competitive procurement processes conducted by municipal entities. Its EfW projects can generally be divided into three categories, based on the applicable contract structure at a project: Tip Fee projects, Service Fee projects that the Company owns, and Service Fee projects that it do not own but operate on behalf of a municipal owner. At Tip Fee projects, it receives a per-ton fee for processing waste, and it typically retain all of the revenue generated from energy and recycled metal sales. The Company generally owns or leases the Tip Fee facilities. At Service Fee projects, it typically charge a fixed fee for operating the facility, and the facility capacity is dedicated either primarily or exclusively to the host community client, which also retains the majority of any revenue generated from energy and recycled metal sales. The Company also owns and/or operates 13 transfer stations and four ash landfills in the northeast United States, which it utilizes to supplement and manage more efficiently the fuel and ash disposal requirements at its energy-from-waste operations. The Company provides waste procurement services to its waste disposal and transfer facilities which have available capacity to receive waste.
Biomass Projects
The Company owns and operates seven wood-fired generation facilities and have a 55% interest in a partnership which owns another w! ood-fired! generation facility. The Company�� six facilities are located in California, and two are located in Maine. The combined gross energy output from these facilities is 191 megawatts. The Company generates income from its biomass facilities from sales of electricity, capacity, and where available, additional value from the sale of renewable energy credits. These facilities sell their energy output into local power pools or to local utilities at rates that are either fixed or float with the market.
Hydroelectric
The Company owns a 50% interest in two small run-of-river hydroelectric facilities located in the State of Washington, which sells energy and capacity to Puget Sound Energy under long-term energy contracts. The Company has a nominal investment in two hydroelectric facilities in Costa Rica.
Energy-From-Waste
The Company and Chongqing Iron & Steel Company (Group) Ltd. entered into an agreement to build, own, and operate a 1,800 metric ton per day energy-from-waste facility for Chengdu Municipality in Sichuan Province, People�� Republic of China. The Company also executed a 25 year waste concession agreement for this project. In connection with this project, it acquired a 49% interest in the project company. Construction commenced in 2009 and the facility began processing waste during the year ended December 31, 2011. The electrical output from these projects is sold at governmentally established preferential rates under short-term arrangements with local power bureaus. As of December 31, 2011, the Company owned 85% of Taixing Covanta Yanjiang Cogeneration Co., Ltd. which, in 2009, entered into a 25 year concession agreement and waste supply agreements to build, own and operate a 350 metric tons per day energy-from-waste facility for Taixing Municipality, in Jiangsu Province, People�� Republic of China. The Company will continue to operate its coal-fired facility.
The Company owns a 40% interest in Chongqing Sanfeng Covanta Environ! mental In! dustry Co., Ltd. (Sanfeng), a company located in Chongqing Municipality, People�� Republic of China. Sanfeng is engaged in the business of owning and operating energy-from-waste projects, providing design and engineering, procurement, construction services and equipment sales for energy-from-waste facilities in China. Sanfeng owns minority interests in two 1,200 metric tons per day, 24 megawatts mass-burn energy-from-waste projects (Fuzhou project and Tongqing project), and has a contract to operate the Chengdu project. Chongqing Iron & Steel Group Environmental Investment Co. Ltd., a wholly owned subsidiary of Chongqing Iron & Steel Company (Group) Ltd., holds the remaining 60% interest in Sanfeng. The solid waste supply for the projects comes from municipalities under long-term contracts. The municipalities also have the obligation to coordinate the purchase of power from the facilities as part of the long-term contracts for waste disposal. The electrical output from these projects is sold at governmentally established preferential rates under short-term arrangements with local power bureaus.
The Company owns a 13% interest in a 500 metric tons per day, 18 megawatts mass-burn energy-from-waste project at Trezzo sull��dda in the Lombardy Region of Italy. The project is operated by Ambiente 2000 S.r.l., in which the Company owns 40%. The solid waste supply for the project comes from municipalities and privately-owned waste haulers under long-term contracts. The electrical output from the Trezzo project is sold at governmentally established preferential rates under a long-term purchase contract to Italy�� state-owned electricity grid operator, Gestore della Rete di Trasmissione Nazionale S.p.A.
Independent Power Projects
The Company has a majority interest in a 24 megawatts (gross) coal-fired cogeneration facility in Taixing City, Jiangsu Province, People�� Republic of China. The project entity, in which it holds a majority interest, operates this project. T! he party ! holding a minority position in the project is an affiliate of the local municipal government. While the steam produced at this project is focused to be sold under a long-term contract to its industrial host, in practice, steam has been sold on a short-term basis to either local industries or the industrial host, in each case at varying rates and quantities. The electric power is sold at an average grid rate to a subsidiary of the provincial power bureau.
Advisors' Opinion:- [By Seth Jayson]
Covanta Holding (NYSE: CVA ) reported earnings on July 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Covanta Holding beat expectations on revenues and beat expectations on earnings per share. - [By Dan Caplinger]
More recently, Waste Management has looked for further innovations in its business. Its landfills give it two potential energy sources, one from the gases that landfills produce, and a second from incinerating garbage to produce electricity. Rival Covanta (NYSE: CVA ) pioneered the waste-to-energy movement and is the leading company in the space, but both Waste Management and No. 2 landfill operator Republic Services (NYSE: RSG ) have pressed hard at building up their own renewable energy businesses. Moreover, Waste Management's partnership with Clean Energy Fuels (NASDAQ: CLNE ) to convert its hauling trucks to use natural gas brings the trash giant's renewable energy efforts full-circle.
- [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]
Both of these stocks are overlooked, undervalued, and cash flow machines. The companies are Ascent Capital Group (ASCMA) and Covanta Holdings (CVA).
Top 10 Cheapest Companies For 2014: Myers Industries Inc.(MYE)
Myers Industries, Inc. manufactures and distributes polymer products for the industrial, agricultural, automotive, commercial, and consumer markets primarily in the North, Central, and South America. It operates in four segments: Material Handling, Lawn and Garden, Engineered Products, and Distribution. The Material Handling segment offers plastic reusable material handling containers, and pallets and bins, as well as metal shelving, cabinets, and racking systems primarily under the Buckhorn and Akro-Mils brand names for automotive, appliance, general industrial/manufacturing, distribution, agriculture, retail, and food processing markets. The Lawn and Garden segment provides injection-molded and thermoformed pots, hanging baskets, flats and carry trays, plug trays, nursery containers, propagation sheets, and specialty pots under the Dillen, ITML, Pro Cal, Listo, Planters? Pride, and Akro-Mils Lawn & Garden brand names for the horticultural container needs of the floricult ure/horticulture market. Its customers include professional growers, greenhouses, nurseries, retail garden centers, mass merchandisers, and consumers. The Engineered Products segment offers engineered plastic and rubber original equipment and replacement parts, tire repair materials, and custom rubber and plastic components and materials under the Ameri-Kart, Patch Rubber, and WEK brand names. This segment serves the automotive, recreational vehicle and marine, construction and agriculture equipment, healthcare, and transportation markets. The Distribution segment distributes tools, equipment, and supplies used for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles. It offers products under the Myers Tire Supply and Myers Tire Supply International brands to independent tire dealers, mass merchandisers, commercial auto and truck fleets, tire retreaders, and general repair facilities. Myers Industries, Inc. was founded in 1933 and is headqua rtered in Akron, Ohio.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Myers Industries (NYSE: MYE ) , whose recent revenue and earnings are plotted below. - [By Travis Hoium]
What: Shares of Myers Industries (NYSE: MYE ) jumped as much as 12% today after the company reported second-quarter earnings.
So what: Sales jumped 13% to $204 million and net income was up 47% to $8.3 million, or $0.25 per share. Analysts were only expecting $198.1 million in revenue and $0.21 in earnings, so the results were much more than investors had hoped for. �
- [By Rich Duprey]
Industrial polymer manufacturer�Myers Industries� (NYSE: MYE ) �announced yesterday�its second-quarter dividend of $0.09 per share, the same rate it paid last quarter after raising the payout 12.5%, from $0.08 per share.
Top 10 Cheapest Companies For 2014: Universal Truckload Services Inc (UACL)
Universal Truckload Services, Inc., incorporated on December 11, 2001, is engaged in providing transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. The Company�� over-the-road trucking services include both flatbed and dry van operations and it provides rail-truck and steamship-truck intermodal support services. It also offers truck brokerage services, as well as full service international freight forwarding and customs house brokerage services. The Company provides truckload transportation and related services for a range of general commodities over irregular routes using dry and specialty vans and un-sided trailers, including flatbed, drop deck, and specialty. In December 2013, the Company announced that it has completed acquisition of Westport Axle Corporation.
The Company primarily operates through a contractor network of agents and owner-operators who provide the Company with approximately 3,100 tractors and approximately 3,000 trailers. At December 31, 2011, the Company had approximately 565 agents. The Company conducts its operations through its wholly owned operating subsidiaries under the brand names, such as Universal Am-Can, Ltd., Mason & Dixon Lines, Inc., Louisiana Transportation Inc., Mason Dixon Intermodal, Inc., Economy Transport, Inc., Great American Lines, Inc., Universal Logistics Solutions, Inc., Universal Logistics Solutions International, Inc. and Cavalry Transportation, LLC.
The Company provides services in three categories, such as truckload services, brokerage services and intermodal support services. The Company transports a range of general commodities, including machinery, building materials, paper, food, consumer goods, automotive parts, furniture, steel and other metals. During the year ended December 31, 2011, its truckload operations represented 60.5%, of its operating revenues.
The Company provides primarily broker freight to third-party transportation providers th! rough its agent network at times when the Company generates more freight business than it can service with its available owner-operators. The Company offers full service international freight forwarding and customs house brokerage services, as well as third-party logistic services. During 2011, its brokerage services represented 24.8%, of its operating revenues. Its intermodal support services are primarily short-to-medium distance delivery of rail and steamship containers between the railhead or port and the customer and drayage services. During 2011, its intermodal support services represented 14.7% of its operating revenues.
The Company�� agents provide the primary interaction with its shippers. They generate freight shipments and also provide terminal and dispatch services for the owner-operators and are an essential source for recruitment of new owner-operators. The agents use a company-provided software program to list available freight procured by the agent, dispatch owner-operators to haul the freight and provide all administrative information necessary for it to establish the credit arrangements for each shipper. The owner-operators are individuals who own, operate and maintain one or more tractors that they either provide drivers, or drive themselves. The Company�� owner-operators provide it with approximately 3,100 tractors. Owner-operators also may own trailers that they provide the Company in addition to their tractor and driving services. As of December 31, 2011, its owner-operators provided approximately 3,000 trailers, which represent over 50% of the trailers the Company use in its business.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Universal Truckload Services (Nasdaq: UACL ) , whose recent revenue and earnings are plotted below. - [By Sean Williams]
What: Shares of Universal Truckload Services (NASDAQ: UACL ) , a North American provider of trucking and logistics solutions, jumped as much as 12% after receiving an upgrade from BB&T�Capital Markets.
Top 10 Cheapest Companies For 2014: PowerShares Dynamic Large Cap Growth Portfolio (PWB)
PowerShares Dynamic Large Cap Growth Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dynamic Large Cap Growth Intellidex Index (the Intellidex). The Fund will normally invest at least 80% of its assets in common stocks of large-cap companies. A company is considered to be a large-cap company if it falls within the Intellidex model. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Intellidex. The Intellidex consists of 50 United States large-cap growth stocks selected principally on the basis of their capital appreciation potential as identified by the AMEX (the Intellidex Provider) pursuant to its Intellidex methodology.
The Fund, using an indexing investment approach, attempts to replicate the performance of the Intellidex. The Fund generally will invest in all of the stocks comprising the Intellidex in proportion to their weightings in the Intellidex. The Fund�� investment advisor is PowerShares Capital Management LLC.
Advisors' Opinion:- [By Paul Ausick]
Two ETFs to watch are Guggenheim Solar (NYSEMKT: TAN), which is up more than 80% so far this year, and PowerShares WilderHill Clean Energy (NYSEMKT: PWB), up more than 40%. Both are less liquid than the company shares and their gains have been smaller, but both should do well if the solar stocks keep running up.
Top 10 Cheapest Companies For 2014: Oncolytics Biotech Inc (ONCY)
Oncolytics Biotech Inc. (Oncolytics), incorporated on April 2, 1998, is a development-stage company. The Company is focused on its research and development of REOLYSIN, which is its cancer therapeutic. REOLYSIN is developed from the reovirus. This virus has been demonstrated in tumour cells bearing an activated Ras pathway. Oncolytics is directing a clinical trial program with the focus of developing REOLYSIN as a human cancer therapeutic. The clinical program includes clinical trials, which it sponsors directly along with Third Party Clinical Trials. Third Party Clinical Trials are clinical trials that are being sponsored by other institutions. As of December 31, 2011, the United States National Cancer Institute (NCI), the University of Leeds and the Cancer Therapy & Research Center at the University of Texas Health Center in San Antonio (CTRC) were sponsoring part of its clinical trial program.
The Company�� clinical trial program has included human trials using REOLYSIN alone, and in combination with radiation and chemotherapy, and delivered via local administration and/or intravenous administration. Oncolytics uses contract toll manufacturers to produce REOLYSIN. On December 31, 2011, the Company had two wholly owned subsidiaries, Oncolytics Biotech (Barbados) Inc. (OBB) and Valens Pharma Ltd. Oncolytics Biotech (US) Inc. and Oncolytics Biotech (U.K.) are wholly owned subsidiaries of OBB.
Advisors' Opinion:- [By Sean Williams]
With this in mind, I feel it'd be prudent of biotech-savvy investors to give Oncolytics Biotech (NASDAQ: ONCY ) a closer look.
The big risks
I'm quite aware that there are a lot factors that'd raise a red flag with Oncolytics. Similar to Affymax, you could say that Oncolytics has put all of its eggs in one basket with its lead experimental drug, reolysin. According to Oncolytics' website, including its U.K., Canadian, and U.S. studies, reolysin as either a monotherapy or combination therapy is the basis for all 31 clinical trials! Obviously, if reolysin proves ineffective or unsafe, Oncolytics is going to be a world of hurt. - [By Maxx Chatsko]
T-VEC is not your traditional biologic drug. It is actually a bioengineered form of the herpes virus that, once injected into cancerous tumors, replicates, and produces an immune-stimulating protein that puts a bulls eye on cancer cells throughout the body. Despite its promise and intriguing mechanism of action, T-VEC is not in further development at Amgen. However, Oncolytics (NASDAQ: ONCY ) has shown promising results for its bioengineered form of reovirus called Reolysin. Initial phase 3 results showed that 86% of patients taking the drug had reduced tumor mass or growth after six weeks of treatment. �
- [By John Udovich]
The biotech sector along with small cap biotech stocks Cardiome Pharma Corp (NASDAQ: CRME), Oncolytics Biotech, Inc (NASDAQ: ONCY), Vital Therapies Inc (NASDAQ: VTL) and TNI BioTech (OTCMKTS: TNIB) have all been producing their share of news this week for investors and traders alike to trade on. Moreover and while some 42 ��ife sciences��companies have gone public raising about $3 billion from investors so far this year, there are a growing number of biotechs pulling the plug on upcoming IPOs who are citing market conditions. With that in mind, here is a look at important news from the biotech sector and small cap biotech stocks this week:
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