This Is What's Left Of The Fairway Market In Red Hook

On Sunday afternoon the Fairway market in Red Hook, Brooklyn was packed with shoppers scrambling to load up on supplies to prepare for Hurricane Sandy. Today it is completely decimated.

When we visited the area yesterday workers were trying to dig out from what seemed to be an insurmountable mess.

Watch the video below to see what it looks like.

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Produced by Robert Libetti

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Big Upside Potential for This High Quality Industrial Company

Andrés is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

Due to uninspiring growth on a global scale, the current economic context doesn´t look particularly bullish for companies in the industrial sector. This is precisely the reason why contrarian investors may want to consider capitalizing the opportunity to buy solid industrial stocks at bargain prices with a long term perspective. The Timken Company

stands out like a high quality candidate with a very attractive valuation.

Making Smart Decisions

The company supplies anti-friction and power transmission components to an ample variety of industrial clients. Its products are used to reduce frictions in planes, trains and automobiles. Timken is also in the steel business, manufacturing specialty alloy steel bars, tubes and precision components. Although the company is quite diversified, it?s very exposed to the economic cycle, which is the main reason for disappointing sales and earnings in the last quarter.

Timken has been restructuring its business over the last years in order to focus on segments with better possibilities for differentiation and higher profitability. In 2009 the company sold its needle roller bearings business to JTEKT for $330 million to reduce its presence in the light vehicle market, and Timken has also made several acquisitions in the aerospace and industrial sectors since 2007. This restructuring has delivered positive results, as the company has been able to achieve better profitability margins because of this focus in more attractive markets.

Regarding steel operations, Timken follows a similar differentiation strategy by focusing on specialized steels utilized in demanding environments like oil and gas exploration and production. This allows for higher margins in comparison to commodity steels, and Timken uses surcharges to adjust for higher input costs. Growth perspectives for this business look attractive too, Timken is working on an expansion project in its Faircrest steel plant which is expected to add 25% in capacity by 2014.

Quality and Valuation

When comparing Timken to similar companies like Illinois Tool Works (NYSE: ITW)

, Kennametal (NYSE: KMT), Nucor (NYSE: NUE) and United States Steel (NYSE: X), the company has delivered a superior performance through the ups and downs of the last economic cycle. Timken has experienced better growth rates in earnings per share over the last five years, including of course the seriously damaging effects of the 2008-2008 recessions.

While many industrial companies needed to cut their dividends in times of economic trouble, Timken has sustained a dividend payment since 1922, and those payments were even increased by a 15% in February of this year. Timken also has authorization from the board to repurchase 10 million of its own shares over the next four years.

Timken has not only achieved higher growth rates than its competitors, the company has superior profitability as expressed by its higher Return on Equity ratio. And, especially important, it?s trading at a comparatively cheap P/E ratio of 7.6 which leaves ample room for upside gains form a valuation pint of view.

Bottom Line

There are genuine reasons for concern regarding the cyclical outlook for industrial companies, but those uncertainties are already reflected in stock prices. Timken´s management has made the right decision to focus on high quality niches in its different business lines, and that´s produced superior growth and profitability for the company. In spite of that, current valuation is signaling strong upside potential in this high quality company.

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You Won?t Get Paid For Breaking Into A Home & Billing The Owner For Your Cleaning Services While There

Despite how dirty you might think a home is and how in need it is of a cleaning, breaking in to tidy up and leaving a bill for your services isn’t going to be an easy way to make a living. And if you leave your phone number, it’s all the more convenient for the police. A woman near Cleveland … [More]

Source: http://consumerist.com/2012/11/02/you-wont-get-paid-for-breaking-into-a-home-billing-the-owner-for-your-cleaning-services-while-there/

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GM Cruises On U.S. And China Strength But Europe Is Still A Worry

Like other automakers, GM faces overcapacity issues in Europe but the tough labor unions and the governments won?t allow the companies to shut down plants in order to protect jobs.

Source: http://www.forbes.com/sites/greatspeculations/2012/11/01/gm-cruises-on-u-s-and-china-strength-but-europe-is-still-a-worry/

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Charting Rock-Tenn's Latest Earnings Release

Rock-Tenn (NYSE: RKT  ) reported earnings on Nov. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Rock-Tenn missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted slightly.

Gross margins were steady, operating margins dropped, net margins grew.

Revenue details
Rock-Tenn notched revenue of $2.35 billion. The nine analysts polled by S&P Capital IQ expected to see sales of $2.44 billion on the same basis. GAAP reported sales were 4.5% lower than the prior-year quarter's $2.46 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.39. The 13 earnings estimates compiled by S&P Capital IQ predicted $1.37 per share. GAAP EPS of $1.14 for Q4 were 1.7% lower than the prior-year quarter's $1.16 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 17.8%, about the same as the prior-year quarter. Operating margin was 7.5%, 120 basis points worse than the prior-year quarter. Net margin was 3.5%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.42 billion. On the bottom line, the average EPS estimate is $1.66.

Next year's average estimate for revenue is $9.69 billion. The average EPS estimate is $7.26.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 189 members out of 202 rating the stock outperform, and 13 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Rock-Tenn a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rock-Tenn is outperform, with an average price target of $76.00.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal ? and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate ? and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

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Source: http://feeds.fool.com/~r/usmf/foolwatch/~3/243ZAIs3VaA/story01.htm

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MetLife Foundation Announces a $1 Million Contribution for Hurricane Sandy Relief Efforts

MetLife Foundation Announces a $1 Million Contribution for Hurricane Sandy Relief Efforts

Foundation also Pledges to Match Additional $125,000 in Employee Contributions

NEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET  ) today announced that MetLife Foundation will make a $1 million contribution toward relief and rebuilding efforts, including $500,000 to the American Red Cross and $500,000 to support long-term recovery needs. The company also announced that the Foundation will match up to $125,000 of employee contributions made to the American Red Cross.

?Times like these remind us why we're in business ? to help people put their lives back together in their hour of need. At MetLife, we are doing everything we can to help our customers cope with the impact of the storm,? said Steven A. Kandarian, chairman, president and chief executive officer of MetLife, Inc. ?Our claims associates are on the ground helping customers find shelter, facilitating temporary repairs, and issuing advance payments for immediate expenses. We know there is still a tremendous amount of work to do before life returns to normal, and our thoughts are especially with those who were hardest hit by the storm."

The MetLife National Catastrophe Response Team is answering incoming calls to guide customers of MetLife Auto & Home through the claims process. MetLife?s Catastrophe Response Vehicles have also been deployed to centrally located areas to help expedite claims reporting. Customers can contact MetLife?s 24-hour claims hotline at 1-800-854-6011, or at MET_CAT@metlife.com. The online Disaster Advice Center at www.metlife.com/disasteradvice provides up-to-date information about where Catastrophe vehicles are located.

About MetLife

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Europe and the Middle East. For more information, visit www.metlife.com.

About MetLife Foundation

The MetLife Foundation was established in 1976 to continue MetLife?s longstanding tradition of corporate contributions and community involvement. The Foundation's commitment to building a secure future for individuals and communities worldwide is reflected in its dedication to empowering older adults, preparing young people and building livable communities. Since it was established, MetLife Foundation has provided more than $530 million in grants and $70 million in Program-Related Investments to nonprofit organizations addressing issues that have a positive impact in their communities. For more information, visit www.metlife.org.

MetLife
David Hammarstrom, 212-578-2736

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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Source: http://www.fool.com/investing/businesswire/2012/11/02/metlife-foundation-announces-a-1-million-contribut.aspx

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Investors Are Not Dumb, Just Horrible At Market Timing

How often do we hear statements like ?Most of the ?smart money? is going into energy stocks right now,? or advice to ?watch what the ?smart money? is doing?? I use the term myself in reference to what usually savvy corporate insiders, institutional investors, hedge-funds, and other professional investors are doing at the time, in [...]

Source: http://www.forbes.com/sites/greatspeculations/2012/11/02/investors-are-not-dumb-just-horrible-at-market-timing/

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Apple Sold Out Of The iPad Mini At Its New York Store In ~2 Hours (AAPL)

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Apple sold out of iPad minis at its Fifth avenue store in Manhattan after just about two hours of sales, according to Topeka Capital's Brian White. 

There have been pretty small lines for the iPad mini elsewhere around the world, so we're not sure if this is going to be indicative of overall sales or not. 

Here are two key points from White's note:

  • In Just Over 2 Hours, the Black & Slate iPad mini Sell Out. As of 11:40 AM ET, both the 16GB and 32GB Black & Slate iPad mini models were sold out at the Fifth Avenue NYC store; while we estimate the 64GB iPad mini sold out at around 12:10 PM ET. This sell out is driving customers to buy the fourth generation iPad that also went on sale this morning. We also noticed that supply of the iPhone 5 is looking better with availability today for walk-in customers at the Fifth Avenue store.
  • Demand for iPad mini to Overwhelm Supply This Weekend. Based on our recent Technology Tour in Asia, we have indicated that we expect iPad mini supply to fall well short of demand this weekend given the complexity of certain components. We are projecting Apple to sell 800,000 to 1 million 7.9-inch Wi-Fi iPad minis over the first three days (i.e., Friday through Sunday); however, demand will prove to be much greater than the sales that Apple will be able to recognize during this period. For FY13, we are projecting Apple will sell 30 million iPad minis and we estimate 48 million in FY14.

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