**[investwise]** 3M's Acq of Cogent, Brings Clients Like The DOJ, Homeland Security & US Marines

 

3M's offer to acquire security services company Cogent Inc. for $943 million will add a new business to the Minnesota company and presumably help to fuel its future growth. Yet, at a time of high unemployment and heated debate about the role of immigration in U.S., the purchase also highlights the continuing contribution of immigrants to the American economy. Founder Ming Hsieh hails from China, and built one of the largest U.S. companies in the security niche, providing services to key government agencies involved in national security. Based on yesterday's offer price and his 41% shareholding stake cited in Cogent's latest annual report, his fortune is worth $389 million. Notably, in the best of American tradition, Cogent's founder has been generous with his wealth. For instance, he gave $35 million to the University of Southern California's electrical engineering department in 2006, according to a newsletter published by the Committee of 100, a Chinese-American group. Ronnie Chan, a USC trustee, said in 2008: "America taught Ming to express his entrepreneurship, and he has done that superbly, but more important, America has taught him to give back to society and to give back generously," said Chan. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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**[investwise]** 3M Enlarges Footprint-Acquires Cogent & Attenti for $ 1.2 bn

 

Manufacturing conglomerate 3M says it has agreed to pay $230 million in cash for an Israeli company that makes technology used to keep track of people. The company, Attenti Holdings SA, makes systems that can be used, for example, to track the movements of people awaiting trial or are on probation and those of patients in senior care centers. 3M  Co., the maker of Post-Its and Scotch Tape, already makes products that can be used in file tracking, library management, supply chain management. The deal announced last week comes a day after Maplewood, Minn.'s 3M said it will pay $943 million for Cogent Inc., which develops systems that read finger and palm prints and makes iris and face recognition systems. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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Fwd: Six Indian Stocks to double your returns in a year

 

 

A study carried-out by a reliable global research firm has confirmed that global economy has bottomed out and the recovery has commenced.

Baltic Dry Index is considered as the most reliable leading indicator of global economic activity. This index indirectly measures global supply and demand for the commodities shipped aboard dry bulk carriers, such as building materials, coal, metallic ores, and grains. Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, such as concrete, electricity, steel, and food, the index is also seen as an efficient economic indicator of future economic growth and production. This has bottomed out at 1700 levels and is presently at 2750.

The next global economic growth cycle which has just commenced and may run a 7-8 year cycle, has shifted its Center of Gravity. The run-up of next three decades will be primarily driven by China, India & Brazil. The shifting of investment capital into these regions will surely take place, but after lot of initial resistance. This is because investors are seeing the wrong direction and reading wrong indicators.

Auto sales in Asian region is surging. Confidence level of Entrepreneurs in Asia especially India & China are surging. Consumption is booming. Prosperity levels are on the rise. Employment rate is rising.

If so, what are the implications? The stock markets are yet to pick up the signal. But it is just a matter of time. Along with rising equity markets, commodities will move up. Crude prices and coal prices will soon commence their rally. Stock markets will pick up. But the point being conveyed is that one should not keep an eye on Dow and Nasdaq. Yes, they will rally but there isn't enough headroom. Sensex, Bovespa, Hang Seng etc will lead the rally and hit new highs. The old order will change gradually. It is time world starts tracking monsoons in India, commodity exports from Brazil, Russia, IIP numbers of China etc. So, when Dow touches 11000 Sensex will touch 22000.

What are the stocks to look for. Here are our six top picks:-
1. Reliance Industries
2. Larsen & Toubro
3. Mercator Lines
4. SBI
5. Pantaloon Retail
6. Mahindra & Mahindra

An investment of Rs one lakh invested in each of the stock will return Rs 12 lakh in 12-14 months time. The midcap stock Mercator lines is added in the portfolio to spruce up the return ratio.

Here are the reasons why we have picked the stocks. The common reasons running through all these stocks are their able management. All these companies are well-diversified and yet with clear visibility of steady cash flows. All of them are in sectors which pose heavy entry barriers and there are difficulties in starting or replicating similar businesses. All of them reflect India growth story and will be befitted directly or indirectly through this. All the large cap stocks will give 50% return in a year. Mercator Lines will reward investor very handsomely. Our immediate target is Rs 75/ - One can expect a price of Rs 120/- in one year period and Rs 240/- in two years. The reasons are good cash levels, high institutional holding and diversifications which are on the verge of pumping additional cash into the company, exposure to commodity space - i.e coal & oil

Incidentally all of them are F&O stocks.

Three cheers to India and its investors!

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Gateway Distr - Board approves Special Dividend (Interim)
Gateway Distriparks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2010, inter alia, has approved the payment of Special dividend (Interim) @ 10% (i.e. Re. 1.00/- per equity share of Rs. 10/- each) for the financial year 2010-11, to mark the successful conclusion of the discussions with the Blackstone group which has resulted in Blackstone investing Rs. 300 Crore in the ...

Valson Inds - Board recommends Dividend
Valson Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2010, inter alia, recommended dividend @ Rs. 1.5/- per equity share (15%) for the year ended March 31, 2010. The dividend is subject to approval of the shareholders of the Company at the 26th Annual General Meeting scheduled to be held on September 30, 2010.

Jindal Poly - Board recommends Dividend & Bonus Issue
Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2010, inter alia, has taken the following major decisions :
1. The Board has recommended a dividend of 100% on Equity Shares, (Rs. 10/- Per Share) subject to approval of Shareholders in the ensuing Annual ...

Allied Digit - Board recommends Dividend
Allied Digital Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2010, inter alia, has considered and approved the following:
1. Issue and allotment of Equity Shares pursuant to Employees Stock Option Scheme, 2007. ...

Rathi Steel - Board recommends Dividend
Rathi Steel & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2010, inter alia, has approved a Dividend @ Re 0.30 (3%) per share, subject to approval of members in 39th Annual General Meeting (AGM) for the year 2009-10.

Gold Rock Inv - Board to consider Bonus Issue
Gold Rock Investments Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 06, 2010, inter alia, to consider the following items :
1. To approve final accounts of F/Y ended as on March 31, 2010 along with the, profit and loss a/c together with Director's Report etc. ...

Gillanders Arb - Fixes Record Date for Bonus Issue
Gillanders Arbuthnot & Company Ltd has informed BSE that September 15, 2010 has been fixed as the Record Date for the purpose of issue of Bonus Ordinary Shares in the ratio of one Ordinary Share of Rs. 10/- each fully paid-up for every two Ordinary Shares of Rs. 10/- each held by the shareholders of the Company.

Jindal Photo - Board recommends Final Dividend
Jindal Photo Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2010, inter alia, has approved the following:
1. Recommended final dividend Re. 1 per share (Face Value of Rs. 10/- each), i.e. 10% , on the equity share capital of the Company for the year ...