On this day in economic and business history ...
Facebook (NASDAQ: FB ) went public on May 18, 2012. It was the largest IPO, by first-day market cap, of all time. It was also the largest IPO, in terms of value created per month, of all time. From its creation in 2004 to its public debut in 2012, Facebook amassed a value of just over $1 billion per month. Its expected IPO price that would give it a market cap of more than $100 billion. Unheard of! The whole investing world was watching what was sure to be a debut for the ages. Thousands upon thousands of investing novices salivated at the chance to own a tiny piece of the social network no one could get away from.
When the day was done, people began to feel as if Wall Street might have pulled one over on them. The biggest IPO in years -- perhaps decades -- couldn't even muster that coveted first-day pop. Glitchy exchange software delayed the start of trading for Facebook shares, and when trades resumed, the social network's underwriters were forced to step in to shore up the share price, an unexpected move for such a highly anticipated stock.
10 Best Stocks To Own Right Now: PAREXEL International Corporation(PRXL)
PAREXEL International Corporation, a biopharmaceutical services company, provides a range of clinical research, medical communications, consulting, commercialization, and technology products and services to the pharmaceutical, biotechnology, and medical device industries worldwide. The company operates in three segments: Clinical Research Services (CRS), PAREXEL Consulting and Medical Communications Services (PCMS), and Perceptive Informatics (Perceptive). The CRS segment offers clinical trials management, observational studies, patient/disease registries and post-marketing surveillance, data management and biostatistics, epidemiology and health economics/outcomes research, clinical logistics, and clinical pharmacology, as well as related medical advisory, patient recruitment, and investigator site services. This segment also manages various aspects of clinical trials, including study and protocol design; case report form design; paper or electronic questionnaires designed for use in clinical research; site and investigator recruitment; patient enrollment; study monitoring and data collection; data analysis; report writing; and medical services. The PCMS segment provides technical expertise and advice in various areas comprising drug development, regulatory affairs, product pricing and reimbursement, and GMP compliance; market development, product development, and targeted communications services in support of product launch. In addition, its consultants identify alternatives and propose solutions to address clients? product development, registration, and commercialization issues. The Perceptive segment provides information technology solutions comprising medical imaging and systems integration services; ClinPhone RTSM, CTMS, and EDC products; Web-based portals; systems integration; and patient diary applications. PAREXEL International Corporation was founded in 1983 and is headquartered in Waltham, Massachusetts.
Advisors' Opinion:- [By Hilary Kramer]
Parexel (NASDAQ:PRXL) conducts clinical research for many large pharma companies. Earnings were sluggish in fiscal 2011, as PRXL made investments to support future expected revenues. Now that these revenues are starting to be realized, as pharmaceutical industry research has entered a new upward cycle, look for EPS to improve in its June 2012 fiscal year and beyond.
10 Best Stocks To Own Right Now: Nicholas Financial Inc.(NICK)
Nicholas Financial, Inc., through its subsidiaries, operates as a specialized consumer finance company. The company engages in acquiring and servicing contracts for purchases of new and used automobiles and light trucks. It also makes direct loans and sells consumer-finance related products. In addition, the company engages in developing, marketing, supporting, and updating industry-specific computer application software for small businesses located primarily in the Southeast United States. As of April 5, 2011, it operated 56 branch locations in 14 Southeastern and Midwestern states. The company was founded in 1986 and is headquartered in Clearwater, Florida.
Top 5 Oil Stocks To Invest In 2014: LMI Aerospace Inc.(LMIA)
LMI Aerospace, Inc. provides design engineering services, structural assemblies, kits, and components to the aerospace, defense, and technology markets primarily in the United States. The company operates in two segments, Aerostructures and Engineering Services. The Aerostructures segment fabricates, machines, finishes, integrates, assembles, and kits formed close tolerance aluminum, specialty alloy, and composite components, as well as higher level assemblies. Its aerospace products include wing slats and flapskins; winglet leading edges and related wing modification kits; fuselage and wing skins; helicopter cabin, aft section, and pylon components and assemblies; door surrounds, components, assemblies, and floorbeams; thrust reversers and engine nacelles/cowlings; cockpit window frames and landing light lens assemblies; interior components; structural sheet metal and extruded components; tailcone assemblies; and housings and assemblies. This segment also offers value-add ed services related to the design, production, assembly, and distribution of aerospace components. The Engineering Services segment provides design, engineering, and program management services, such as structural design and analysis, systems design and integration, tool design and fabrication, certification planning support, risk mitigation and producibility trade studies, and the development of program schedules and resource planning. Its services include wing/wingbox, fixed and moveable leading edges/trailing edges, fuselage, empennage, and tailcone design; winglet/wing mod design; nacelle, engine cowl, and thrust reverser design; weight improvement engineering; helicopter fuselage, cockpit, cabin frames, skins, longerons, and beams; aircraft modification engineering; aviation training system; aviation maintenance engineering; manufacturing engineering; and aviation system software engineering. The company was founded in 1948 and is based in St. Charles, Missouri.
10 Best Stocks To Own Right Now: Raffles Capital Limited(RAF.AX)
Raffles Capital Limited, through its interest in Hudson Investment Group Limited, invests in commercial properties and mining resources. The company invests in managed residential and industrial properties in Australia and New Zealand. It also mines, processes, and markets attapulgite in Australia, New Zealand, and the Southeast and Far East Asia; and holds interests in coal mines in Queensland and Western Australia, as well as in copper, gold, and uranium mines in South Australia. In addition, the company mines and explores diatomite deposits, as well as holds interests in bauxite mines in New South Wales and Queensland. Further, it supplies bleaching earth primarily in Malaysia and Southeast Asia. The company was formerly known as Freight Links Express Holdings (Australia) Limited and changed its name to Raffles Capital Limited in December 2009. The company is based in Sydney, Australia. Raffles Capital Limited is a subsidiary of Pacific Portfolio Investments Pty Ltd.
10 Best Stocks To Own Right Now: Alder Resources Ltd (ALR.V)
Alder Resources Ltd., through its subsidiary, ALR Nicaragua S.A., engages in the acquisition, exploration, and development of base and precious metal properties in Latin America. It primarily has an option to acquire a 65% interest in the Rosita copper-gold-silver porphyry/skarn project that covers an area of 3,356 hectares located to the northeast of Managua. The company is based in Toronto, Canada.
10 Best Stocks To Own Right Now: IPC The Hospitalist Company Inc.(IPCM)
IPC The Hospitalist Company, Inc., through its subsidiaries, provides hospitalist services in the United States. It engages in providing, managing, and coordinating the care of hospitalized patients and serves as the inpatient partner of primary care physicians and specialists. As of December 31, 2011, the company with its 1,201 affiliated hospitalists, including physicians, nurse practitioners, and physician assistants that are organized into medical group practices, provided hospitalist solutions at approximately 365 hospitals, and 550 other inpatient and post-acute care facilities primarily in 25 states. It also offers administrative and professional services, including information management system, transition management, regional management, recruiting, training, financial reporting, billing and collection, risk management, and compliance services to affiliated hospitalists. The company serves patients, primary care physicians, specialists, acute care hospitals, alter native sites of inpatient care, and health plans. IPC The Hospitalist Company, Inc., formerly known as InPatient Consultants Management, Inc., was founded in 1995 and is headquartered in North Hollywood, California.
10 Best Stocks To Own Right Now: Bandera Gold Ltd. (BGL.V)
Bandera Gold Ltd., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties in Colombia and Mexico. It holds 80% interest in the Belmira gold-silver project, which covers an area of approximately 6,845 hectares of property area located in Colombia, South America. The company also has 60% interests in Cinco Minas project that covers approximately 10,750 hectares located approximately 100 km northwest of the City of Guadalajara, Mexico; and Gran Cabrera project covering an area of approximately 4,300 hectares located approximately 35 km northwest of Cinco Minas, Mexico. Bandera Gold Ltd. was incorporated in 1993 and is based in Edmonton, Canada.
10 Best Stocks To Own Right Now: Eastern Platinum Com Npv (ELR.TO)
Eastern Platinum Limited engages in the acquisition, exploration, development, and production of platinum group metal deposits in South Africa. The company�s primary operating assets include the Crocodile River Mine located on the western limb of the Bushveld Complex; and the non-producing Kennedy�s Vale project located on the eastern limb of the Bushveld Complex. It also has an 87% interest in the Mareesburg project located on the southern part of the eastern limb of the Bushveld Complex; and a 93.4% interest in the Spitzkop project located on the eastern limb of the Bushveld Complex. The company was founded in 1989 and is headquartered in Vancouver, Canada.
10 Best Stocks To Own Right Now: Dynamic Colours Limited (D6U.SI)
Dynamic Colours Limited, an investment holding company, engages in the manufacture and sale of compounded resins, and provision of compounding services primarily in the People�s Republic of China and Singapore. It is involved in the color compounding and modified compounding of resins, which are used in the manufacture of external casings or component parts of electrical appliances and electronic devices. The company offers its products to the plastic injection molders and original equipment manufacturers. In addition, Dynamic Colours Limited engages in the manufacture and supply of heavy-duty polyethylene bags and other plastic packaging materials to the petrochemical industries; and general purpose polyethylene packaging materials used for storage and packing purposes. The company was founded in 1993 and is headquartered in Singapore.
10 Best Stocks To Own Right Now: AmeriGas Partners L.P. (APU)
AmeriGas Partners, L.P. operates as a retail and wholesale distributor of propane gas, and related equipment and supplies in the United States. As of November 8, 2012, it served approximately 2 million residential, commercial, industrial, agricultural, wholesale, and motor fuel customers in 50 states through approximately 2,000 propane distribution locations. The company also sells, installs, and services propane appliances, including heating systems. It markets propane primarily under the AmeriGas, America's Propane Company, Heritage Propane, Titan Propane, and Relationships Matter trade names and related service marks. Its propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, and crop drying applications. AmeriGas Propane, Inc. serves as the general partner of the company. AmeriGas Partners, L.P. was foun ded in 1994 and is based in King of Prussia, Pennsylvania.
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