Atlantic Power (NYSE: AT ) shares have sunk 60% in 2013, leaving many investors wondering whether the utility's earnings will ever float back. With Q1 earnings scheduled for Thursday morning, investors need to know the answer to a very important question: Is Atlantic Power stock undervalued? I examined the utility's fundamentals and valuation in previous articles ��now let's see how if Atlantic's business model and strategy can set it up for success.
"Accretive acquisitions"
Straight from the horse's mouth, Atlantic aims to "increase the value of the company through accretive acquisitions in North American markets while generating stable, contracted cash flows from our existing assets."
Since the utility's 2004 Canadian incorporation and 2010 NYSE IPO, Atlantic has been busy acquiring... and acquiring... and acquiring. Its current generation capacity clocks in at 2,117 MW, and the utility added 450 additional MW in 2012 alone.
Top 5 Heal Care Companies To Watch In Right Now: 1st Source Corporation(SRCE)
1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services to individuals and businesses in the United States. Its consumer banking services include checking accounts, online and telephone banking, savings programs, installment and real estate loans, home equity loans, lines of credit, drive-through and night deposit services, safe deposit facilities, automated teller machines, debit and credit card services, financial literacy seminars, and brokerage services. The company also offers commercial, small business, agricultural, and real estate loans for various general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition; and commercial leasing and cash management services. In addition, it provides a range of trust, investment, agency, and custodial services comprising administration of estates and personal tru sts, as well as the management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease finance products for auto and light trucks, environmental equipment, medium and heavy duty trucks, new and used aircraft, and construction equipment; and leases construction equipment, medium and heavy duty trucks, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services to individuals and businesses; and investment advisory services to trust and investment clients. As of December 31, 2011, the company operated through 75 banking center locations in 17 counties in Indiana and Michigan; and 23 locations of its Specialty Finance Group in the United States. 1st Source Corporation was founded in 1962 and is headquartered in South Bend, Indiana.
Top 5 Heal Care Companies To Watch In Right Now: Integrated Silicon Solution Inc.(ISSI)
Integrated Silicon Solution, Inc., a fabless semiconductor company, designs and markets integrated circuits for digital consumer electronics, networking and telecommunications, mobile communications, automotive electronics, and industrial markets. Its primary products include low and medium density DRAM; and high speed and low power SRAM. The company?s low and medium density DRAM products are used in wireless local area networks (WLANs), base stations, networking switches and routers, fiber to the home (FTTH), DSL and cable modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, Voice over Internet Protocol, printers, disk drives, tape drives, audio/video equipment, instrumentation, global positioning systems (GPS), telematics, infotainment, smart meters, and other applications. Its SRAM products are used in WLANs, cell phones, base stations, networking switches and routers, FTTH, DSL modems, LCD TVs, set-top boxes, GPS systems, instrumen tation, engine control systems, medical equipment, telematics, audio and video equipment, satellite radio, POS terminals, fax machines, copiers, tape drives, and other applications. Integrated Silicon Solution, Inc. also designs and markets application specific standard products, including high performance serial EEPROMs for use in TVs, networking systems, modems, telephone sets, security systems, video games, automobiles, and other consumer products; and SmartCards that have applications in transportation passes, payment cards, health care cards, and other cards that store secure data. The company markets and sells its products in Asia, the United States, and Europe through direct sales force, independent sales representatives, and distributors. Integrated Silicon Solution, Inc. was founded in 1988 and is headquartered in San Jose, California.
Advisors' Opinion:- [By Arohan]
ISSI is another memory chip designer and marketer. It is a fabless semiconductor company so it outsources its manufacturing. The market currently values the company at $283 million ascribing a PE ratio of 4.75. The company has delivered an EPS growth of 39% in the last 5 years and its future outlook appears to be of modest growth as well, with a slight decline in the up coming year. The company has $88 million in cash and no debt and is well positioned to handle the slowdown in demand next year.
Top Gold Stocks For 2014: H.r. Owen(HRO.L)
H.R. Owen Plc operates as a franchised motor dealer in the United Kingdom. The company sells new and used cars of various brands. It also engages in the servicing of vehicles, sale of parts, and body shop repairs. The company has strategic partnerships with Ferrari and The Berkeley. H.R. Owen Plc was founded in 1932 and is based in London, the United Kingdom.
Top 5 Heal Care Companies To Watch In Right Now: Eaton Vance Senior Income Trust (EVF)
Eaton Vance Senior Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It seeks to invest in the securities of companies operating across the diversified sectors. The fund primarily invests in senior secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Eaton Vance Senior Income Trust was formed on October 30, 1998 and is domiciled in the United States.
Top 5 Heal Care Companies To Watch In Right Now: Vascular Solutions Inc.(VASC)
Vascular Solutions, Inc., a medical device company, develops solutions for interventional cardiologists and interventional radiologists worldwide. The company offers catheter products, such as Pronto V3 and Pronto V4 catheters to remove blood clots; Pronto-Short for use in clotted dialysis grafts; Pronto 035 for large vessels; Pronto LP for smaller vessels; QXT extraction catheters; Langston dual lumen pigtail catheters to measure intravascular pressure gradients; and Twin-Pass dual access catheters to access discrete regions of arterial vasculature. Its catheter products also comprise Gopher catheters to assist in the passage of interventional devices; Minnie support catheters to provide guidewire support and exchange during interventions; GuideLiner catheters to enable deep seating, guide back-up support, and selective intubation in coronary interventions; SuperCross microcatheters for guidewire support and delivery; and various access kit products to gain percutaneous a ccess to the vasculature. In addition, the company offers hemostat products, including D-Stat Dry hemostat bandage to control surface bleeding; and D-Stat Flowable hemostat, a thrombin-based mixture for preventing bleeding in subcutaneous pockets, as well as vein products comprising Vari-Lase endovenous laser, a laser console and procedure kit for the treatment of varicose veins. Further, it provides Guardian hemostasis valves to minimize blood loss; Micro Elite and Expro Elite snares for control and maneuverability in accessing distal targets; SmartNeedle and pdACCESS products for auditory ultrasound guided access; and Acolysis ultrasound thrombolysis systems for the treatment of peripheral vascular disease, as well as distributes Angio Assist docking stations and Teirstein Edge device organizers. The company sells its products through its direct sales force and a distribution network. Vascular Solutions, Inc. was founded in 1996 and is based in Minneapolis, Minnesota.
Advisors' Opinion:- [By Hilary Kramer]
Vascular Solutions (NASDAQ:VASC) is similar to ICUI in that it has created several innovative products for its specialty area (cardiovascular), such as the Pronto catheter, and has also seen difficult price competition recently. But with its below-average exposure to economic risk, I have a good deal of confidence the company will meet its 2012 earnings estimates of 54 cents a share, which would be more than 17% growth from this year. I expect continued strength in international sales and products, and with its strong cash flow, VASC is also a potential takeover candidate.
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