The LABJ stock index: tracking 200 selected Los Angeles county-based company. (Investments & Finance).MARKET DIARY A one-day comeback Comeback Australian breed of wool sheep, bred by crossing Merino with Corriedale, Polwarth or Zenith sheep; wool is 21 to 25 microns. It is a registered breed, but the term is more commonly used in the sense of a type of sheep produced by crossbreeding a crossbred Merino back to Merino. on Oct. 1 failed to prevent another losing week on Wall Street. The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. fell 1.1 percent for the week ended Oct. 2, while the Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed lost 2.9 percent and the S&P 500 gave up 1.4 percent of its value. Local stocks in the LABJ LABJ Los Angeles Business Journal 200 Index ran counter to the trend, relying on the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , health care and communications sectors to offset losses in a number of areas. Among the week's biggest winners were Ducommun Du·com·mun , Élie 1833-1906. Swiss journalist who organized the International Bureau of Peace in Bern (1891). He shared the 1902 Nobel Peace Prize. Inc., which gained 15.8 percent to $19.10, and is up 72.1 percent year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. ; Reinhold Industries Inc., up 15 percent to $7.99; and SCPIE SCPIE Southern California Physicians Insurance Exchange Holdings Inc., bouncing off previous lows to mount a 14.6 percent comeback, to $5.01. Other notables: Gemstar-TV Guide International Gemstar-TV Guide International, Inc. is a media company that licenses interactive program guide technology to multichannel operators, such as cable and satellite television providers, and consumer electronics manufacturers, video recorder scheduling code under brands such as VCR , Tetra Tech Inc. and Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corp. all set new lows for the past 52-weeks, as did Guess Inc., Skechers U.S.A. Inc. and Cadiz Inc. Cadiz topped the list of weekly losers, as its plan to pump water from the Colorado River Colorado River River, south-central Argentina. Its major headstreams, the Grande and Barrancas rivers, flow southward from the Andes Mountains and meet to form the Colorado near the Chilean border. It flows southeastward across northern Patagonia and the southern Pampas. into a desert aquifer aquifer (ăk`wĭfər): see artesian well. aquifer In hydrology, a rock layer or sequence that contains water and releases it in appreciable amounts. was put on indefini te hold. Cadiz shares fell by $2.52, or 55.8 percent, and close at $2 on Oct. 2. Modest gains by Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co., Amgen Inc. and WellPoint Health Networks helped to offset losses in other local companies in the LABJ 200 Index.
MARKET INDEXES
Oct. 2 Sept.25 Point l-Wk 52-Wk YTD
Index Close Close Change % Chg. % Chg. % Chg.
Dow Jones Industrial 7755.61 7841.82 -86.21 -1.1% -13.4% -22.6%
NASDAQ 1187.30 1222.29 -34.99 -2.9% -20.4% -39.1%
S&P 500 827.91 839.66 -11.75 -1.4% -21.3% -27.9%
LABJ 200 68.97 68.30 0.67 1.0% -2.8% -13.7%
INDUSTRY ANALYSIS
Oct. 2 Sept.5 Point 1-Wk
Index Close Close Change % Chg.
AEROSPACE/DEFENSE 228.27 233.07 -4.80 -2.1%
APPAREL 100.85 109.43 -8.58 -7.8%
AUTOMOTIVE/PLASTICS/METALS 127.00 130.22 -3.22 -2.5%
BIOMEDICAL & PHARMACEUTICAL 89.12 87.81 1.31 1.5%
COMMUNICATIONS 21.53 20.80 0.73 3.5%
COMPUTERS/PERIPHERALS/ELECTRONICS 8.02 8.78 -0.75 -8.6%
CONSTRUCTION/ENGINEERING 133.64 131.88 1.76 1.3%
ENERGY/UTILITIES 78.99 77.00 1.99 2.6%
FINANCIAL SERVICES 138.59 132.96 5.63 4.2%
HEALTH CARE 140.62 136.25 4.37 3.2%
INSURANCE 94.94 98.90 -3.97 -4.0%
INTERNET 58.49 58.72 -0.23 -0.4%
MEDIA/LEISURE/ENTERTAINMENT 49.28 47.32 1.96 4.1%
MISC. MANUFACTURING 132.66 138.56 -5.90 -4.3%
MISC. SERVICES 61.15 60.85 0.30 0.5%
REAL ESTATE 125.30 127.23 -1.93 -1.5%
RESTAURANTS/RETAIL/GROCERY STORES 123.26 125.58 -2.32 -1.8%
SOFTWARE 115.32 131.24 -15.93 -12.1%
52-Wk YTD
Index % Chg. % Chg.
AEROSPACE/DEFENSE 51.6% 24.1%
APPAREL -2.7% -20.4%
AUTOMOTIVE/PLASTICS/METALS 11.8% -3.8%
BIOMEDICAL & PHARMACEUTICAL -8.7% -4.5%
COMMUNICATIONS -26.9% -40.2%
COMPUTERS/PERIPHERALS/ELECTRONICS -73.4% -82.2%
CONSTRUCTION/ENGINEERING 27.1% -5.4%
ENERGY/UTILITIES 0.1% -8.1%
FINANCIAL SERVICES 11.7% 12.0%
HEALTH CARE 32.9% 18.5%
INSURANCE -12.2% -22.2%
INTERNET 23.2% -17.9%
MEDIA/LEISURE/ENTERTAINMENT -12.3% -22.9%
MISC. MANUFACTURING 16.9% 3.8%
MISC. SERVICES 7.6% -25.4%
REAL ESTATE 6.9% 0.4%
RESTAURANTS/RETAIL/GROCERY STORES -47.8% -16.0%
SOFTWARE 13.7% -29.7%
WEEKLY TOP GAINERS
TOP TEN GAINERS BY PERCENTAGE
Oct. 2 Sept. 25 Point 1-Wk
Company Close Close Change % Chg.
United Leisure Corp. $1.03 $0.70 0.33 47.1%
US Dataworks Inc. 0.24 0.17 0.07 41.2%
Tekelec 9.39 7.76 1.63 21.0%
Enova Systems Inc. 0.12 0.10 0.02 18.8%
Liberty Livewire Corp. 1.86 1.59 0.27 17.0%
Ducommun Inc. 19.10 16.49 2.61 15.8%
Aames Financial Corp. 0.52 0.45 0.07 15.6%
Hemacare Corp. 0.60 0.52 0.08 15.4%
Reinhold Corp. 7.99 6.95 1.04 15.0%
SCPIE Holdings Inc. 5.01 4.37 0.64 14.6%
52-Wk YTD
Company % Chg. % Chg.
United Leisure Corp. 255.2% 296.2%
US Dataworks Inc. 14.3% -25.0%
Tekelec -23.3% -48.2%
Enova Systems Inc. -29.4% -20.0%
Liberty Livewire Corp. -77.5% -73.2%
Ducommun Inc. 122.1% 72.1%
Aames Financial Corp. -35.8% 52.9%
Hemacare Corp. -62.5% -62.5%
Reinhold Corp. 70.0% 41.8%
SCPIE Holdings Inc. -69.4% -82.9%
WEEKLY TO LOSERS
TOP TEN LOSERS BY PERCENTAGE
Oct. 2 Sept. 25 Point 1-Wk
Company Close Close Change % Chg.
Cadiz Inc. $2.00 $4.52 -2.52 -55.8%
International Aircraft Investors 0.64 1.00 -0.36 -36.0%
IMPCO Technologies Inc. 2.90 4.20 -1.30 -31.0%
JB Oxford Holdings Inc. 0.25 0.35 -0.10 -28.6%
Guess? Inc. 3.49 4.80 -1.31 -27.3%
Ixia 3.41 4.60 -1.19 -25.9%
Optical Communication Products Inc. 0.72 0.95 -0.23 -24.2%
Northgate Innovations Inc. 0.25 0.32 -0.07 -21.9%
Acacia Research Corp. 4.14 5.14 -1.00 -19.4%
Homestore Inc. 0.31 0.38 -0.07 -18.4%
52-Wk YTD
Company % Chg. % Chg.
Cadiz Inc. -76.1% -75.1%
International Aircraft Investors -81.7% -58.4%
IMPCO Technologies Inc. -57.7% -59.1%
JB Oxford Holdings Inc. -74.5% -75.5%
Guess? Inc. -44.1% -53.5%
Ixia -52.3% -73.5%
Optical Communication Products Inc. -69.2% -81.7%
Northgate Innovations Inc. -86.1% -75.0%
Acacia Research Corp. -55.0% -62.6%
Homestore Inc. -95.6% -91.4%
MARKET SUMMARY
MOST ACTIVE STOCKS
TOP TEN STOCKS VOLUME
Amgen Inc. 95,767,874
Walt Disney Co. 56,798,900
Gemstar-TV Guide
International Inc. 16,869,567
Activision Inc. 14,833,845
Univision Communications Inc. 12,948,000
Mattel Inc. 11,637,300
THQ Inc. 11,374,073
Edison International 10,734,500
Computer Sciences Corp. 10,309,500
Occidental Petroleum Corp. 9,919,500
WEEKLY SUMMARY
Advances 89
Declines 103
Unchanged 8
New Highs 1
New Lows 17
NOTES ON STOCK TABLES Tables based on Sept. 25-Oct. 2, 2002 (H) Stock hit new 52-week high (L) Stock hit new 52-week low (S) Stock split during week WEEKLY PROFILE PACIFIC ENERGY PARTNERS L.P. Symbol: PPX PPX Parallel Port Multiplexor PPX Popular Science Predictions eXchange (Popular Science magazine) PPX Point to Point Switching PPX Posture Planning Express Exchange: NYSE NYSE See: New York Stock Exchange Close: $19.75 1-WK % Chg: 1.5% Business Overview Pacific Energy Partners, L.P., incorporated in 2002, was formed by The Anschutz Corporation to acquire, own and operate its crude oil midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. assets in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and the Rocky Mountain region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. . These assets are used in gathering, blending, transporting, storing and distributing crude oil. The Company generates revenues primarily by charging tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic rates for transporting crude oil through its pipelines. It also generates revenues by blending, storing and marketing crude oil. It has organized its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets into two regional operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , West Coast operations and Rocky Mountain operations. The company recently went public on July 23, 2002.
Income Statement
2001 2000
Revenue (millions) $233.6 $71.4
Gross Profit (millions) 29.7 33.6
Operating Income (millions) 25.1 29.9
Net Income (millions) 15.6 14.3
Earnings Per Share $0.75 $0.69
* Company does not pay a dividend
Hqtrs: Long Beach Chairman: Douglas L. Polson Market Cap: $376.1 million Dividend Yield: NA * P/E Ratio P/E ratio Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25.50 = 10 times $2.55. XYZ stock sells for ten times earnings. : NA [GRAPH OMITTED] Summary [GRAPH OMITTED] |
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