Resolute Forest Products (NYSE:RFP) is primarily involved in Newsprints, Specialty Papers, Wood Products and Market Pulp. As the downturn in global commodities intensified, RFP was not spared as all four of the company’s business segments got hit. Management has concentrated on lowering the cost of every segment but these actions were not enough to compensate for the deterioration of prices in their respective markets.
At year-end 2016, the market price of RFP was at $5.35 per share. At $5.35 per share, the market capitalization of the company is roughly $480 million dollars. As we have explained in the past, the company continues to have consolidated sales of close to $3.6 billion and in each of its major business segments, it is a global leader. It continues to be the biggest volume producer of wood products east of the Rockies, the third largest in North America for Market Pulp, the number one producer of newsprint in the world and the largest producer in North America of uncoated mechanical paper and an emerging tissue producer. With the exception of the Wood Products segment, which continues to have revenues of approximately $500 million, the other three segments each continue to have revenues of approximately $1 billion. We believe that each of the 4 business segments could fetch at least $400 million in a normal market, and as a result, RFP may be undervalued.
From Francis Chou (Trades, Portfolio)’s Opportunity Fund fourth quarter 2016 shareholder letter.
Top Undervalued Stocks To Own Right Now: Pluristem Therapeutics Inc.(PSTI)
- [By Lisa Levin] Gainers Aimmune Therapeutics Inc (NASDAQ: AIMT) shares jumped 35 percent to $34.64 in response to failed DBVT peanut allergy trial. Exactech, Inc. (NASDAQ: EXAC) shares surged 30.9 percent to $41.88 after the company agreed to be acquired by TPG Capital for $42 per share in cash. Dextera Surgical Inc (NASDAQ: DXTR) shares climbed 27.6 percent to $0.238 after surging 40.48 percent on Friday. Petmed Express Inc (NASDAQ: PETS) jumped 21.8 percent to $44.73 as the company reported better-than-expected Q2 results. SenesTech Inc (NASDAQ: SNES) shares surged 21.7 percent to $1.95 after the company disclosed that Univar will be marketing and selling ContraPest. Yulong Eco-Materials Ltd (NASDAQ: YECO) shares gained 18.3 percent to $0.560. One Horizon Group Inc (NASDAQ: OHGI) shares rose 18 percent to $1.18. Atossa Genetics Inc (NASDAQ: ATOS) shares climbed 18 percent to $0.566. Atossa Genetics is schedule to host a conference call to announce preliminary results from Phase 1 study of oral Endoxifen on October 25, 2017. ReneSola Ltd. (ADR) (NYSE: SOL) shares rose 15.3 percent to $2.72 Renren Inc (NYSE: RENN) shares gained 11.9 percent to $10.71 after gaining 2.68 percent on Friday. Kalvista Pharmaceuticals Inc (NASDAQ: KALV) shares rose 11.8 percent to $12.59. KalVista Pharma 13D filing from Longwood Fund showed registration for an 8.7 percent stake. Xunlei Ltd (NASDAQ: XNET) shares gained 9.4 percent to $7.20 after surging 25.33 percent on Friday. VF Corp (NYSE: VFC) shares surged 7.1 percent to $71.09 after the company reported upbeat earnings for its third quarter and raised its FY2017 guidance. CAI International Inc (NYSE: CAI) rose 6.6 percent to $39.70. Cowen & Co. upgraded CAI from Market Perform to Outperform. Agenus Inc (NASDAQ: AGEN) shares gained 5.7 percent to $4.58 as the company disclosed that GSK's shingle vaccine received FDA approval. Deltic Timber Corp (NYSE: DEL) shares climbed 5.6 percent to $94.11
- [By Lisa Levin]
Pluristem Therapeutics Inc. (NASDAQ: PSTI) shares dropped 20 percent to $1.12. Pluristem disclosed that it has increased its bought deal offering to $15 million of stock and warrants.
Top Undervalued Stocks To Own Right Now: Baidu Inc.(BIDU)
- [By Leo Sun]
Tech giant Baidu (NASDAQ:BIDU) owns China’s largest search engine and mapping platform, the popular video site iQiyi, and links it all together with a vast ecosystem of internet and cloud-based services.
- [By Stark Merrifield]
To capitalize on the U.S.’ strong trade relationship with China, Fitz-Gerald suggests looking at companies like Alibaba Group Holding Ltd. (NYSE: BABA), “which dominates Chinese e-commerce the way Amazon.com Inc. (Nasdaq: AMZN) does in the United States,” or Baidu Inc. (Nasdaq: BIDU), which “mirrors Alphabet Inc. (Nasdaq: GOOGL).”
- [By Abdul Jawula]
However, like most things with Blackberry, they are late to the party. Tesla (NSDQ:TSLA),Alphabet (NSDQ:GOOGL) , Alibaba (NYSE:BABA) and Baidu (NSDQ:BIDU) are deep into the development process of their self-driving car tech. Therefore, by the time Blackberry brings something compelling to the market, one or more of the aforementioned companies is likely to have already signed many of the lucrative deals.
- [By Leo Sun]
In late February, Baidu’s (NASDAQ:BIDU) videostreaming subsidiary iQiyi raised $1.53 billion in fresh funds to compete more effectively with rival sites. Hillhouse Capital, IDG Capital, Sequoia Capital, and Baidu all purchased the newly issued convertible bonds, and Baidu disclosed that it had invested $300 million.
- [By Sreekanth Anasa]
In the earnings call too, NVIDIA CEO,Jensen Huang suggested the datacenter growth is just getting started when asked by Goldman Sachs analyst Toshiya Hari on datacenter outlook. NVIDIA had announced that Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU) and Tencent will adopt its next-generation Volta GPUs for accelerating AI across the enterprise and consumer applications. Major server computer makers are also set to join the fray to adopt next-gen Volta GPUs. Jensen Huang on the call said “this ramp is just the first part of supporting the build-out of GPU-accelerated service from our company for data centers all over the world as well as cloud service providers all over the world.And so I think the — we’ve been steadfast with the excitement of accelerated computing for data centers. And I think this is just the beginning of it all.”
Top Undervalued Stocks To Own Right Now: OMNOVA Solutions Inc.(OMN)
- [By Monica Gerson]
General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion. Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million. Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million. Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion. Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million. Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million. UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million. Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million. OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million. 8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million. Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million. Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million. Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million. Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter. Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share. Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea
- [By Lisa Levin]
OMNOVA Solutions Inc. (NYSE: OMN) shares were also up, gaining 11 percent to $5.97 after the company reported better-than-expected Q1 earnings.
Equities Trading DOWN
- [By Lisa Levin]
Shares of OMNOVA Solutions Inc. (NYSE: OMN) were down 14 percent to $8.64 after the company reported weaker-than-expected Q3 earnings.
Sorl Auto Parts, Inc. (NASDAQ: SORL) was down, falling around 8 percent to $3.68. Greenridge Global downgraded SORL Auto Parts from Buy to Hold.