"The truth is out there," a certain fictitious FBI agent once declared. But increasingly, it seems "the truth" is that there are no UFOs -- or at least none in our neighborhood.
That's the upshot of a couple of surprising revelations out of Canada and the United Kingdom. In twin announcements, the U.K. Ministry of Defence (yes, they know they're spelling it wrong) and the Canadian Department of National Defence (ditto) recently revealed that they have halted investigations of reports of unidentified flying objects over their respective skies.
Citing documents it obtained under Canada's Access to Information Act, CBC News reported in March that the Canadian MND -- and Transport Canada, and the Royal Canadian Mounted Police as well -- has ceased to track and investigate UFO sightings north of our border. Similarly, secret files that have only just been released by the British MoD confirm that in 2009, the British also called a halt to UFO investigations in that country.
Best Canadian Companies To Watch For 2014: Oshkosh Truck Corporation(OSK)
Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles, and vehicle bodies worldwide. Its Defense segment manufactures severe-duty, heavy, and medium-payload tactical trucks for the Department of Defense, including hauling tanks, missile systems, ammunition, fuel, and troops and cargo for combat units. The company?s Access Equipment segment offers aerial work platforms and telehandlers used in a range of construction, agricultural, industrial, institutional, and general maintenance applications. This segment also manufactures towing and recovery equipment and related parts; and leases equipments for short-term to rental companies. The company?s Fire and Emergency segment provides custom and commercial fire apparatus, and emergency vehicles, including pumpers, aerial and ladder trucks, tankers, rescue vehicles, wildland rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicl es, and other emergency response vehicles. This segment also offers snow removal vehicles in airports; custom ambulances for private and public transporters, and fire departments; mobile medical trailers for medical centers and service providers; mobile command and control centers and simulation units; and vehicles for broadcasters, TV stations, broadcast production, and radio stations. Oshkosh Corporation?s Commercial segment manufactures refuse collection vehicles for the waste services industry; front and rear discharge concrete mixers, and portable and stationary concrete batch plants for the concrete ready-mix industry; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, and mining industries. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is based in Oshkosh, Wisconsin.
Advisors' Opinion:- [By Stephen]
This company has gotten shellacked lately as a reduced government budget could put a damper on future profits. Other factors are also weighing down on the stock as describedhere. For example, the company was able to win an important project from the government for armored vehicles but may actually be losing money due to higher than expected costs. Regardless, Oshkosh also sells some products commercially, most importantly trucks, so there’s still plenty of reason to like this company. Terex (TEX), who se business is reasonably similar to Oshkosh’s, lags in certain notable metrics. For instance, both gross margin and operating margin are lower. Additionally, 4 of the past 5 quarters have not been profitable for Terex, while Oshkosh brought in net income for all of those same quarters. OSK is also very attractive for its price/earnings growth and price to sales ratios, which are 0.78 and 0.22 respectively. Perhaps OSK’s best stat though is its price to book ratio of 1.01, which is pretty much a steal for any non-financial. Oshkosh’s cash flows are also reasonably strong, although debt levels are a bit worrisome.< /span> Regardless, with a beta of 2.50, look this stock to skyrocket once the economy recovers in 2012.
Best Canadian Companies To Watch For 2014: Texas Pacific Land Trust(TPL)
Texas Pacific Land Trust engages in the sale, lease, and management of land in the United States. It also retains oil and gas royalties, and involves in temporary cash investments. The company leases land to the ranching industry for grazing purposes. As of March 31, 2011, it owned surface rights in 949,355 acres of land in 20 counties in Texas; and 318 town lots in Loraine. The company also owned a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land; and a 1/16 nonparticipating perpetual oil and gas royalty interest under 386,988 acres of land in the western part of Texas. Texas Pacific Land Trust was founded in 1888 and is based in Dallas, Texas.
Top 10 Gold Companies To Invest In Right Now: Spectrum Brands Holdings Inc.(SPB)
Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. It offers consumer batteries, including alkaline and zinc carbon batteries, rechargeable batteries and chargers, and hearing aid batteries and other specialty batteries; pet supplies, such as aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and beddings; and home and garden control products comprising household insect controls, insect repellents, and herbicides. The company also provides electric shaving and grooming devices; small appliances, including small kitchen appliances and home product appliances; electric personal care and styling devices; and portable lighting. Its sells its products through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers primarily under t he Rayovac, Remington, Varta, George Foreman, Black & Decker, Toastmaster, Farberware, Tetra, Marineland, Nature?s Miracle, Dingo, 8-in-1, Littermaid, Spectracide, Cutter, Repel, Hot Shot, Black Flag, and TAT brands. The company was headquartered in Madison, Wisconsin. As of January 7, 2011, Spectrum Brands Holdings, Inc. operates as a subsidiary of Harbinger Group Inc.
Best Canadian Companies To Watch For 2014: Nexen Inc.(NXY)
Nexen Inc. operates as an independent energy company worldwide. The company?s Conventional Oil and Gas segment explores for, develops, and produces crude oil and natural gas from conventional sources. This segment operates in the United Kingdom, Canada and the United States, and offshore West Africa, Colombia, and Yemen. Nexen?s Oil Sands segment develops and produces synthetic crude oil from the Athabasca oil sands in northern Alberta. The company?s Shale Gas segment explores for and produces unconventional gas from shale formations in northeastern British Columbia. Nexen Inc. was founded in 1971 and is headquartered in Calgary, Canada.
Best Canadian Companies To Watch For 2014: Encana Corporation(ECA)
Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. The company owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas. The company serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Nelson]
Encana is not the oil and gas company it once was – it spun off its oil division early in 2009 as Cenovus (another good name to pick up if you want to add to any of the above four), while leaving Encana itself as a pure natural gas play. But if you want to invest in nat gas, Encana is your Cadillac. It’s probably the best choice out there for a large cap, extremely well-managed name that you won’t lose sleep over. You only have to be concerned with the underlying commodity price.
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