With good returns so far since I profiled Caraco Pharma (CPD) as a defensive growth stock at a value price, a related company in the ETF Innovators [ETFI] Global Healthcare Cost Containment Index with similar value parameters is Home Diagnostics (HDIX) – which makes affordable blood glucose monitoring systems and disposable testing supplies [web link to HDIX product page] under its own brand names (such as TRUE and Prestige) and co-branded partnerships with leading retail pharmacies such as Rite Aid (RAD), Walgreen (WAG), and CVS Caremark (CVS) as value-priced, store-branded products. The accompanying 3-year chart [click to enlarge] illustrates that HDIX has lost more than half of its market value since its IPO in late 2006, underperforming both the Healthcare ...

Tender Offer for Taro Pharma Tarries Along India's largest generic drug company [web link to analysis of this market] by market cap, Sun Pharma (Bombay: 524715), and Israel-based Taro Pharma (TAROF) have one month to reach agreement on an outstanding tender offer of $7.75 per share by Sun Pharma to acquire its smaller rival or the Israel Supreme Court will decide on the case. In early 2007, Taro agreed to the deal as it was struggling to survive and Sun invested $60M as part of a private placement to resolve Taro's liquidity issues. However, in May of this year Taro cancelled Sun Pharma's takeover of the Company and in September a Tel Aviv District Court dismissed Taro's argument that ...

ETFI Global Railroad PerformIdex: Stock Prices Adjust to Lower Volumes The ETFI Global Railroad PerformIdex includes 41 companies with market caps over $200M and is structured as a market cap weighted index, with a total return of -12.7% over the past year, as compared to a decline of 20.7% for IYT in the last year and 22.8% for PTRP since its launch in mid-September. Benchmark transport ETFs already on the market include the iShares Dow Transports (IYT) (five duplicate companies) and the PowerShares Progressive Transport (PTRP) (nine duplicate companies). Also, the weighted average dividend yield is 1.7% for the Railroad Index versus just 1% for IYT. An article posted today on Seeking Alpha debates whether the ...

Climate Exchange Rebounds on Robust Results

Late last week, Climate Exchange (London: CLE) posted strong operating results, stemming a massive loss in market value of about 50% (from about 2,000 to 1,000 pence per share) in the wake of the financial crisis and near market meltdown. The stock has since settled at the 1,300 level as carbon trading growth in the Company’s two climate exchanges (European – ECX + Chicago – CCX) demonstrated health growth during the first half of 2008. The ECX posted gains from the year-ago period of 150% on over 1 billion tons while the CCX registered a 286% increase on 46 million tons of carbon traded.

Climate Exchange also narrowed its pre-tax loss to $0.6M (from a $5.1M loss …