The following appeared in the November issue of Business Diary Botswana:

Despite the IMF’s recent projection that Botswana’s economy will contract 10.3% this year, the lender expects a 4.1% uptick next year such that emergency funding would not be required. Back in June the country tapped a $1.5bn “budget support loan” from the African Development Bank–the largest such facility ever granted by the Bank–in order to finance part of a budget deficit then estimated at around 13.5% of GDP, and since revised to 14%. The IMF cited a renewal of demand for diamonds as a central facet of its optimistic forecast. Furthermore, it predicted, GDP growth across sub-Saharan Africa will rise to approximately 4% next year and 5% in 2011, up from 1.1% in 2009. “We think it should be possible for sub-Saharan Africa to recover quicker this time around and have a ‘V-shaped recovery,’”

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Earlier today, cigarette manufacturer and marketer Philip Morris International Inc. (PM) reported better-than-expected third-quarter results, benefiting from price increases in some markets. Earnings per share came in at 93 cents, 3 cents above the Zacks Consensus Estimate. On a year-over-year basis, Philip Morris’ earnings per share was flat (excluding a tax benefit of 8 cents in 2008), while net revenues declined 4.6% to $16.6 billion, attributable to unfavorable currency translations and weak results in the European Union (EU), Eastern Europe and Middle East & Africa (EEMA) markets. Revenue, Volumes & Margins On an organic basis (excluding currency and acquisitions), revenues increased 4.1% driven by favorable pricing. Cigarette volume was down almost 3% year-over-year to 219.3 billion units, mainly because of declines in EU, EEMA and Asia. The first two regions were adversely affected by the economic crisis (especially in Spain and Ukraine) and unfavorable comparisons ...

Harris Corp. (HRS) recently won a  $419 million Basic Purchasing Agreement contract to supply the U.S. Army with Falcon III AN/PRC-117G multi-band tactical radios & vehicular power-amplifier adapter systems. The initial delivery order under the contract is valued at $165 million. Harris’ Falcon III AN/PRC-117G radios will be deployed by the U.S. Army for missions worldwide to provide next-generation, high-speed tactical satellite network and voice-and-data communications.   Harris has a strong market position in the government communications sector, with a broad product line and an enviable win rate on government contracts (more than 60% historically). The company’s Falcon III tactical radios are being widely used by U.S. Special Operations forces, the U.S. Army and various NATO and “Partnership for Peace" countries. Several industry researches have predicted that tactical radio segment may provide a multi-billion dollar business opportunity to Harris in the next couple of years as overall defense ...

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Tuesday October 13, 2009

DrStockPick.com Stock Report!

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Allegheny Energy, Inc. (NYSE: AYE) will disclose its financial results for the third quarter of 2009 in a news release to be issued before the New York Stock Exchange opens on Thursday, October 29, 2009.

UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines, announced today that the company will release its third quarter 2009 financial results on Tuesday, Oct. 20, 2009, and hold its financial conference call that day at 2 p.m. EDT.

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The longer the rally persists, the more dangerous it becomes.

The S&P 500 is up almost 60% since March. The Dow just had its best quarter since ’98.

Yesterday, the Dow slipped 29 points. Is the rally finally rolling over? Or is this a genuine bull market, just taking a pause?

If it is a real bull market it’s a funny-looking bull – one that is missing parts!

For example, corporate earnings are missing. P/E ratios are rising far above the corporate earnings that support them. This puts the market 35% overvalued on a cyclically-adjusted P/E basis, says Smithers & Co.

And if you look at it in terms of its “q” ratio – a comparison of capitalisation and replacement costs – the S&P is even more overvalued. As for emerging markets, “they’re off the charts,” says the Financial Times.

Another missing part is the consumer. This from David Rosenberg:

“ Consumer confidence not only

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I've finally gotten around to looking more closely at the World Economic Forum's annual Global Competitiveness Report, released last week. The report ranks 133 countries on the basis of 12 measures of an economy's competitiveness: institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market sophistication, technological readiness, market size, business sophistication and innovation.

Russia's overall rank dropped from 51 to 63, but as the country highlights discussion makes clear, this overall rank masks a more telling underlying story:

Russia falls 12 places this year to 63rd, the only BRIC economy

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Wednesday September 16, 2009

DrStockPick.com Stock Report!

AMKR, PWRM, NWMT, CVAT, CSRH, GTXO , AQNM, TSPG, DOW

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer

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Wednesday September 16, 2009

DrStockPick.com Stock Report!

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Celebrating the stories, culture and heritage of America’s Deaf and Hard-of-Hearing Community, Purple Communications, Inc. (Nasdaq: PRPL) will honor National Champion Motocross Rider and Floridian, Ashley Fiolek for being a role model to deaf youth nationwide and her accomplishments as a stellar athlete in a male-dominated sport. Community members are encouraged to join in the celebration on September 19, 2009 at the Hilton St. Petersburg Carillon Park, 950 Lake Carillon Drive in Saint Petersburg, FL. The event will feature

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Harris Corp. (HRS) recently increased its quarterly cash dividend by 10% from the first quarter of fiscal 2010. The company will now pay a quarterly dividend of 22 cents per share compared to 20 cents per share earlier. As a result, its annual dividend will also increase to 88 cents per share from 80 cents currently.

We believe the primary reason for this increment is the company’s blockbuster fourth-quarter results and growing visibility of its future business prospects. As a leading government electronics supplier, Harris benefits from the increase in US defense expenditures. It has a sustainable and diversified product pipeline with a potential market size of $15 billion. Its total order backlog at the end of fiscal 2009 was more than $6.1 billion. In the previous quarter, all the three business segments of the company received healthy order bookings. Harris reported that it had $1.29 billion new

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Suspect Detection System Inc. is a leading developer of proprietary counter-terror and crime technology. The company’s products are designed to gather intelligence quickly through a unique interrogation system, allowing for identification of threats in real-time and the ability to prevent incidents before they occur.

The company’s technology will soon be adopted in Gujarat, India. Gujarat is the western most state in India and home to some of the major ports and largest industries in India. It was also the birthplace of Mahatma Gandhi. In recent years, it has also been the scene of terrorism between Hindus and Muslims.

The state of Gujarat will soon play incubator to a project that is said to be a huge leap in the global combat against terrorism. Forensic scientists and investigators of Gujarat will shortly tap into the expertise of Suspect Detection Systems and their COGNITO

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