Los Angeles-based Washio's mobile app is available to people in Los Angeles and San Francisco for dry cleaning and wash-and-fold laundry pickup and delivery services. The startup has ambitions to blanket the U.S. and go global.
"Our next plan is to open our third city, which will happen later this month. And if that goes well, we plan to launch into more and more major urban cities," says co-founder Jordan Metzner.
Washio wants to bring the convenience of 24-hour turnaround in laundry service to the fingertips of the masses. The startup employs a service crew that brings the laundry to facilities to be washed without "harsh chemicals" and returned in "reusable bags."
Top Casino Companies To Invest In Right Now: Arkema SA (AKE)
Arkema SA is a France-based company which specializes in the manufacture and marketing of chemical products. The Company operates through its two business segments: Industrial Chemicals and Performance Products. The Industrial Chemicals division offers the production of acrylics, polymethyl methacrylate (PMMA), hydrogen peroxide, fluorochemicals and thiochemicals, and includes such brands as Forane, Albone, Norsocryl, Altuglas and Sarbio. The Performance Products include the production of technical polymers, specialty chemicals and functional additives. The Company's products are used in the construction, automotive and transportation, health, electrical and electronics, agricultural and packaging industries, among others. In April 2013, it acquired a majority stake in AEC Polymers. In October 2013, it inaugurated the new Sumitomo Seika superabsorbent plant on the Carling site, which makes the overall superabsorbent production capacity of the Carling facility up to 47,000 ton/year. Advisors' Opinion:- [By Inyoung Hwang]
Arkema SA (AKE) added 4.7 percent to 83.93 euros. UBS AG raised its rating on the French chemicals maker to a buy from neutral, saying the stock is undervalued. The firm also boosted its price target to 100 euros from 80 euros.
Top Chemical Companies To Buy Right Now: OCI Resources LP (OCIR)
Oci Resources LP, incorporated on April 22, 2013, is a limited partnership formed by OCI Holdings to operate the trona ore mining and soda ash production business of OCI Wyoming. The Company owns a controlling 40.98% general partner interest and 10.02% limited partner interest in OCI Wyoming, serving a global market from its facility in the Green River Basin of Wyoming. As of March 31, 2013, OCI Wyoming had proven and probable reserves of approximately 267.1 million short tons of trona, which is equivalent to 145.5 million short tons of soda ash. During the year ended December 31, 2012, OCI Wyoming mined approximately 3.87 million short tons of trona and produced approximately 2.45 million short tons of soda ash.
Trona, a naturally occurring soft mineral, is also known as sodium sesquicarbonate and consists primarily of sodium carbonate, or soda ash, sodium bicarbonate and water. The Company process trona ore into soda ash, which is an essential raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products. The majority of the world's trona reserves are located in the Green River Basin.
Advisors' Opinion:- [By Robert Rapier]
OCI Resources (NYSE: OCIR) is a subsidiary of Atlanta-based OCI Chemical, which operates the trona ore mining and soda ash production business of one of the largest and lowest cost natural soda ash producers in the world. The partnership debuted on Sept. 13 and had the worst opening day of any MLP IPO since 2010. On the first day of trading, units closed down more than 5 percent. They have since recovered, and now trade 6 percent above the IPO price. Beginning with the quarter ending Dec. 31, 2013, OCIR intends to distribute at least the minimum quarterly distribution of $0.5000 per unit, or $2 on an annualized basis. At the recent unit closing price of $19.91, this corresponds to a prospective annual yield of 10 percent.
- [By Renaissance Capital IPO Research]
The following IPOs are expected to price this week:
OCI Resources LP (OCIR), a north American soda ash production business of Korea's OCI Chemical, plans to raise $100 million by offering 5.0 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, OCI Resources LP would command a market value of $399 million. OCI Resources LP, which was founded in 1962, booked $446 million in sales over the last 12 months. The Atlanta, GA-based company plans to list on the NYSE under the symbol OCIR. Citi and Goldman Sachs are the joint bookrunners on the deal.
Top Chemical Companies To Buy Right Now: Rentech Nitrogen Partners LP (RNF)
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business. The Company primarily produces anhydrous ammonia, or ammonia, and urea ammonium nitrate solution (UAN), at the Company�� facility, using natural gas as its primary feedstock. In November 2012, the Company acquired Agrifos LLC.
The Company�� facility is located in the center of the Mid Corn Belt. The Mid Corn Belt includes the States of Illinois, Indiana, Iowa, Missouri, Nebraska and Ohio. The Company considers its market to be consisted of the States of Illinois, Iowa and Wisconsin.
Advisors' Opinion:- [By Sally Jones] urrent share price is $17.34, or 64.7% off the 52-week high of $49.18.
Down 54% over 12 months, RNF has a market cap of $673.66 million, and trades with a P/B of 13.30. The dividend yield is 13.67%.
Rentech Nitrogen Partners LP is a pure-play nitrogen fertilizer company structured as a publicly traded master limited partnership. The company manufactures and sells nitrogen fertilizer products including ammonia, UAN solution and ammonium sulfate.
Guru Action: As of Sept. 30, 2013, there is one guru stakeholder and one recent insider sell.
As of Sept. 30, 2013, the sole guru owner Jim Simons reduced his position by 14.04%, selling 49,490 shares at an average price of $28.06 for a loss of 38.2%.
Over four losing quarters, he has averaged a loss of 52% on 352,600 shares at an average price of $36.30 per share. Selling, he has averaged a loss of 38% on 49,490 shares at an average price of $28.06 per share.
His current shares of 303,110 represent 0.78% of shares outstanding.
Track share pricing, revenue and net income:
Highlight: Turquoise Hill Resources Ltd. (TRQ)
The current share price is $3.25, or 66.2% off the 52-week high of $9.62.
Down 57% over 12 months, TRQ has a market cap of $3.27 billion, and trades with a P/B of 0.60. The company does not pay a dividend.
Turquoise Hill Resources Ltd. is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company has other projects containing molybdenum, rhenium, copper, gold, zinc, silver and uranium.
Guru Action: As of Sept. 30, 2013, there are six guru stakeholders and one recent insider trade.
The top guru owner is RS Investment Management who increased its position by 29.59% in the third quarter of 2013, buying 13,234,642 shares at an average price of $5.12 for a loss of 36.5%.
Over six losing quarters, the firm has averaged a loss of 55% on 57,968,897 shares at an average price
- [By Maxx Chatsko]
Meanwhile, the fine print in the 10-K of Rentech Nitrogen Partners (NYSE: RNF ) noted that every increase of $0.10 per MMBtu of natural gas increases its production costs by $3.50 per ton of ammonia produced. Natural gas futures have increased by $2.10 per MMBtu since April 2012, which calls for an eye-popping experiment.
- [By Tim Gallagher]
Mosaic (MOS), Agrium (AGU), Intrepid Potash (IPI) and CF Industries (CF) have been moving and trading hand-in-hand, with AGU, BHP and Rentech Nitrogen Partners LP (RNF) trading the best, losing the least and rebounding the most since July 30th. IPI has sold off a lot more in the post-news period, as would be expected from a smaller, less established company with mine projects still in development. BHP Billiton Ltd. (BHP) announced plans to proceed with its Jansen Mine Project in Saskatchewan, Canada, potentially tapping the largest and longest-lasting supply in the world known at this time. Scotiabank (BNS) recently commented on Jansen, stating that the added supply "could add the equivalent of 18%-20% of the potash market over recent years." Nearly all of the companies mentioned have had a pretty predictable mix of upgrades and downgrades. That's what makes a market.
Top Chemical Companies To Buy Right Now: Clariant AG (CLN)
Clariant AG is a Switzerland-based holding company engaged in the chemical sector. The Company's key markets include Paints, comprising decorative interior and exterior, primers, varnishes, anticorrosion and industrial applications, Construction, comprising concrete applications, roofing, tiling, sealants and primers, Adhesives, comprising wood, paper, lamination, packaging and Pressure Sensitive Adhesives, and Textile, leather and paper, comprising various functional effects and coatings. The Company diversifies its business into several units, including Additives, Catalysis & Energy, Emulsions, Functional Materials, Industrial & Consumer Specialties, Leather Services, Masterbatches, Oil & Mining Services, Paper Specialties, Pigments and Textile Chemicals. In every business unit, the Company diversifies five geographical regions, including Europe, Latin America, North America, Asia/Pacific, and Middle East & Africa. In January 2014, it sold its Detergents & Intermediates business. Advisors' Opinion:- [By Tom Stoukas]
Clariant slid 1.6 percent to 15.57 francs, dropping for a seventh day. UBS removed the company from its most preferred list because of the shares��recent rally. Clariant (CLN) has surged 26 percent this year, while the SPI has gained 21 percent.
Top Chemical Companies To Buy Right Now: PetroLogistics LP (PDH)
PetroLogistics LP owns and operates propane dehydrogenation (PDH) facility. The Company is located in the vicinity of the Houston Ship Channel. As of April 23, 2012, the Company had an annual production capacity of approximately 1.45 billion pounds of propylene. Its PDH facility uses a CATOFIN dehydrogenation technology pursuant to a fully-paid license from CB&I Lummus. It derives its sales from three different sources: propylene sales, hydrogen sales, and mixed stream of butane and butylenes (C4 mix stream) and heavier hydrocarbons (C5+ stream) sales.
Contracted Propylene Sales
The Company has propylene sales contracts with The Dow Chemical Company (Dow), Total Petrochemicals USA, Inc. (Total), and INEOS Olefins and Polymers USA (INEOS), each of which use the propylene it supplies in the acrylic acid, polypropylene and acrylonitrile plants. Effective January 1, 2012, it added BASF Corporation (BASF) and LyondellBasell Industries N.V. (LyondellBasell) as additional contracted customers. It delivers propylene to these customers through its integrated pipeline system, which connects its facility to the Dow and Total plants and the LyondellBasell system, and through interconnected third-party pipelines, which connect its facility to INEOS and BASF and to other potential propylene customers.
Spot-Market Propylene Sales
Through the Company�� integrated pipeline system, the Company accesses other consumers of propylene, which it is able to supply on a spot basis with its excess production capacity. It manages its contract and spot portfolio.
Hydrogen Gas Sales
As part of the PDH process, the Company produces commercial quantities of hydrogen. Hydrogen is consumed in refinery processes, including fuel desulphurization.
C4 Mix/C5+ Streams Sales
The Company produces commercial quantities of C4 mix/C5+ streams. It sells the C4 mix stream to specialty chemical consumers or refiners and these customers tran! sport the purchased volumes from its facility by truck. The C5+ stream, which is heavy in aromatics, is transported by its pipeline to a Kinder Morgan terminal, and then sold to Texas Aromatics for use in the chemical or gasoline markets.
The Company competes with Enterprise, Chevron Phillips, ExxonMobil Chemical, Shell Chemical, Flint Hills and the Williams Companies.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of propane company PetroLogistics (NYSE: PDH ) fell as much as 10% today after reporting earnings.
So what: Sales dropped 18% from a year ago to $159.4 million but the company swung to a net income of $41.4 million. On an adjusted basis net income fell from $64.4 million a year ago to $37.8 million in the second quarter. �
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on PetroLogistics (NYSE: PDH ) , whose recent revenue and earnings are plotted below.
Top Chemical Companies To Buy Right Now: Calgon Carbon Corp (CCC)
Calgon Carbon Corporation is a provider of products, services, and solutions for purifying water and air. The Company operates in three reportable segments: Activated Carbon and Service, Equipment, and Consumer. The Activated Carbon and Service segment manufactures granular and powdered activated carbon for use in applications to primarily remove organic compounds from water, air and other liquids and gases. The service aspect of the segment consists of reactivation and the leasing, monitoring and maintenance of carbon adsorption equipment. The Equipment segment provides solutions to customers��air and water purification problems through the design, fabrication, installation, and sale of equipment systems that utilize a combination of the Company�� enabling technologies: carbon adsorption, ultraviolet light (UV), Ballast Water Treatment (BWT), and advanced ion exchange separation (ISEP). The Consumer segment primarily consists of the manufacture and sale of carbon cloth. On March 31, 2011 the Company completed the acquisition of Calgon Carbon Japan KK (CCJ).
Activated Carbon and Service
The sale of activated carbon is the principle component of the Activated Carbon and Service business segment. Activated carbon is a porous material that removes organic compounds from liquids and gases by a process known as adsorption. In adsorption, unwanted organic molecules contained in a liquid or gas are attracted and bound to the surface of the pores of the activated carbon as the liquid or gas is passed through. The primary raw material used in the production of the Company�� activated carbons is bituminous coal which is crushed, sized and then processed in low temperature kilns followed by high temperature furnaces. The Company also markets activated carbons from other raw materials, including coconut shell and wood. The Company produces and sells a range of activated, impregnated or acid washed carbons in granular, powdered or pellet form. Granular activated carbon (GAC) particl! es are irregular in shape and generally used in fixed filter beds for continuous flow purification processes.
Another component of the Activated Carbon and Service business segment are the optional services associated with supplying the Company�� products and systems required for purification, separation, concentration, taste and odor control. The Company offers a variety of treatment services at customer facilities, including carbon supply, equipment leasing, installation and demobilization, transportation and spent carbon reactivation. Other services include feasibility testing, process design, performance monitoring and maintenance of Company-owned equipment. The central component of the Company�� service business is reactivation of spent carbon and re-supply. The Company provides reactivation/recycling services in packages ranging from a 55 gallon drum to truckload quantities.
Equipment
Along with providing activated carbon products, the Company has developed a portfolio of standardized, pre-engineered, adsorption systems capable of treating liquid flows from 1 gallons per minute to 1,400 gallons per minute, which can be delivered and installed at treatment sites. These self-contained adsorption systems are used for vapor phase applications, such as volatile organic compound (VOC) control, air stripper off-gases, and landfill gas emissions. Liquid phase equipment systems are used for applications of potable water, process purification, wastewater treatment, groundwater remediation and de-chlorination. The Company produces a range of odor control equipment, which typically utilizes catalytic activated carbon to control odors at municipal wastewater treatment facilities and pumping stations. The Company�� variety of equipment systems treats the odors that emanate from municipal wastewater treatment facilities and the sewage collection systems that bring the waste to the treatment plant.
The ISEP (Ionic Separator) continuous ion exchange units ! are used ! for the purification and recovery of many products in the food, pharmaceutical, and biotechnology industries. The ISEP Continuous Separator units perform ion exchange separations using countercurrent processing. The ISEP and CSEP (chromatographic separator) systems are used at over 300 installations worldwide in more than 40 applications in industrial settings, as well as in environmental applications, including perchlorate and nitrate removal from drinking water. The Hyde GUARDIAN System was developed as a chemical-free, International Maritime Organization (IMO) type approved, ballast water management solution. The system is designed to meet the needs of ship owners to install treatment system.
Consumer
The primary product offered in the Consumer segment is carbon cloth. Carbon cloth, which is activated carbon in cloth form, is manufactured in the United Kingdom and sold to the medical, military, and specialty markets. Zorflex Activated Carbon Cloth can be used in numerous additional applications, including sensor protection; filters for ostomy bags; wound dressings; conservation of artifacts, and respiratory masks.
The Company competes with Norit, N.V., Mead/Westvaco Corporation, Siemens Water Technologies, Trojan Technologies, Inc., Xylem, Wedeco Ideal Horizons, Panasia, Alfa Lavel Tumba AB, Hyde Marine, Inc. and Wartsila.
Advisors' Opinion:- [By Aaron Levitt]
Calgon Carbon Corporation (CCC) is one of the largest manufacturers of activated carbon and filtration systems in the world, with activated carbon capacity of around 75,000 tons per year. That�� a good position to be in, as carbon filters are some of the most effective methods at removing chlorine, sediment and other volatile organic compounds from wastewater. They are also one of the cheapest methods for utilities to implement.
- [By Inyoung Hwang]
Computacenter Plc (CCC) slipped 4.5 percent to 543 pence, its biggest drop since June. UBS AG lowered the technology-services provider to neutral from buy, citing its valuation. The shares have climbed to 13.18 times estimated earnings from 11.81 times at the end of last year, according to data compiled by Bloomberg.
Top Chemical Companies To Buy Right Now: BioAmber Inc (BIOA)
BioAmber Inc. (BioAmber), incorporated on October 15, 2008, is a chemical company. The Company manufactures its bio-succinic acid in a facility using a commercial scale 350,000 liter fermenter in Pomacle, France. During the year ended December 31, 2011, the Company produced 487,000 pounds, or 221 metric tons, of bio-succinic acid at this facility. Succinic acid is used to manufacture a range of products used every day, including plastics, food additives and personal care products, and can also be used as a building block for a range of derivative chemicals. The Company produces and sells bio-succinic acid using its process for petroleum-derived succinic acid. It also has additional bio-based products under development with partners including bio-succinic acid derivatives, such as BDO, and applications of bio-succinic acid, such as plasticizers, polyurethanes and de-icing solutions. During 2011, the Company created a wholly owned subsidiary, BioAmber International, S.a.r.l.
The Company develops bio-succinic acid for a range of markets, such as personal care products and food additives, plasticizers, polyurethanes, resins and coatings. The applications for bio-succinic acid include plasticizers, polyurethanes, personal care products, de-icing solutions, resins and coatings, food additives, lubricants and other products. Plasticizers are organic esters that are primarily used to make flexible polyvinyl chloride. Adipic acid is used in polyester polyols, which are used to make polyurethanes. Polyurethanes are used in, among other things, soles for footwear, molded foams for automotive applications, such as car seats and arm rests, and non-foam applications such as coatings, adhesives and sealants. Other applications of bio-succinic acid that are developed and tested by potential customers, which include anti-freeze solutions, solvents, water treatment chemicals and effervescence agents such laundry tablets and bath salts.
The Company competes with Gadiv Petrochemical Industries ! Ltd., Mitsubishi Chemical, DSM, Anqing Hexing Chemical Co Ltd, Anhui Sunsing Chemicals Co., Ltd., Genomatica, Inc., Myriant Corporation and Roquette Freres S.A.
Advisors' Opinion:- [By Matt Jarzemsky]
Out of the 2013 vintage, some of the best performers so far this year have been early-stage healthcare firms like BioAmber Inc.(BIOA), up 86% year-to-date through Thursday, and Kindred Biosciences Inc.(KIN), up 82%. A number of high-flying tech startups have also continued to soar. Cybersecurity firm FireEye Inc.(FEYE) has gained 67% since the start of the year. Online coupon company RetailMeNot Inc.(SALE) is up 48%.
- [By Markus Aarnio]
BioAmber (BIOA) is a sustainable chemicals company. Its proprietary technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstock into chemicals for use in a wide variety of everyday products including plastics, resins, food additives and personal care products.
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