netrashetty
Netra Shetty
worldwide manufacturer of professional audio and mobile DJ equipment, including DJ CD players, DJ turntables, DJ mixers, professional amplifiers, loudspeakers, wireless microphones & DJ audio effects. Founded in 1974, it now has bases in the USA, Spain, UK, and Germany.
In June 2006, it announced the corporate name would change to GCI Technologies, an acronym meaning Gemini, Cortex, and iKey, its three divisions. Cortex, a maker of hard drive music systems, made its debut at the 2006 NAMM convention and was subsequently acquired by Gemini. The Gemini DJ brand name will still be used as it currently is.
Le Gaga Holdings (NASDAQ:GAGA) is Chinese farming corporation which grows vegetables mostly in greenhouses. The company owns and operates 16 farms, which together, consist of 1,257 hectacres of land. The majority of the farms are located in Southern China, and the company sells most of its produce to markets in Southern China. The company uses greenhouses so that it can regulate conditions better, protect against bad weather such as typhoons, and grow during the off season.[1]
The company expects that it will experience growth not only from its competitive strengths but also due to the growth in the industry as a whole. In particular, the prices of vegetables have risen due to increased demand from the middle class. This group has gained wealth in China and have become increasingly aware of health values of a balanced diet. In addition, government subsidies and policies have favorably helped the agricultural industry.[2]
The company's initial public offering of stock on the NASDAQ occurred on October 28, 2010. The company offered 10.9M ADS shares each for $9.50. This was at the high end of the initial price range of $7.5-$9.5. The IPO raised a total of $204M. The lead underwriters of the deal were Bank of America (BAC), and UBS AG (UBS).[3]
The company's total revenue increased from 2008 to 2009. In 2008, the company reported 154M RMB, while in 2009, the company reported 199M RMB. The company's profits also increased over the same period from 38M RMB in 2008 to 60M RMB in 2009.[4]
Loews Corporation (NYSE: L) is a holding company with subsidiaries in the fields of natural gas transportation, luxury watch brands, Property & Casualty Insurance, offshore drilling, hotels, and cigarettes. Loews management members are active in each of the subsidiaries’ boards - ensuring that the companies are always run in compliance with the Loews approach to investing. Loews is historically a conservative investor who maintains an ample amount of cash on reserve to provide the flexibility to act when needed on a new acquisition or to revive a struggling subsidiary.
History
Loews Corporation has, since the early 20th century, been successful in maintaining and adding to its liquid assets, while also taking advantage of struggling businesses in need of a bail out. In 1960, they took over Loews Theatres, razing several of the properties and selling the lots to real estate developers for a profit. In 1968, Lorillard was rapidly declining in market share value. Loews bought it, changed management, and turned it around. Loews did the same for Diamond Offshore Drilling, Bulova, and CNA which Loews boosted in 1974 from a $208 million loss to a $110 million profit in 1975. This pattern of stringent investing and acquisition remains the reason why Loews is able to maintain profitability in the face of ever-changing consumer whims.
Company Overview
Loews is a holding company for a series of majority-owned subsidiaries.
Contents
1 History
2 Company Overview
2.1 Boardwalk Pipeline Partners, LP
2.2 Bulova Corporation
2.3 CNA Financial Corporation
2.4 Diamond Offshore, Inc.
2.5 Loews Hotels
2.6 Lorillard, Inc.
3 Competition
4 References
Boardwalk Pipeline Partners, LP
Boardwalk Pipeline is comprised of two natural gas pipeline systems, Texas Gas and Gulf South, which cover 11 states with storage fields in 4 states. Boardwalk recently commenced projects to increase the scope of its network: East Texas to Mississippi Expansion, Gulf Crossing, Southeast Expansion, Fayetteville Shale, and Western Kentucky Storage Expansion. Loews owned 81.6% of Boardwalk Pipeline in 2008, which accounted for 3% of its revenue at the time (in 2010 the equity interest was down to 66%).
Bulova Corporation
Bulova distributes luxury watches and clocks under the brands Bulova, Caravelle, Accutron, and Wittnauer. Bulova is the largest and best performing. Accutron and Wittnauer did well in the Swiss watch markets; Bulova increased sales in Canada, Mexico, and Italy. Loews owns 100% of Bulova.
CNA Financial Corporation
CNA Financial offers several forms of insurance including property, casualty, and marine liability to individuals, and management and professional liability insurance to several firms. CNA is the seventh-largest commercial insurer and fourteenth-largest property and casualty insurer in the nation. Over the last 2 years CNA's underwriters have cut costs and increased income by increasing client retention, selling additional CNA products to existing customers, and adding select new business --particularly in the profitable segment of large property coverage. By selling more coverage to existing customers, CNA gains more insight into underwriting making them better able to asses risk and make smarter decisions about types of coverage to offer and how to market them. Also, CNA staves off potential poaching by competitors by offering more services to clients who otherwise may have sought additional coverage elsewhere. The changes at CNA have resulted in drastically improved ratings by major credit rating agencies, and a full pay off of its debt to Loews.
Diamond Offshore, Inc.
Diamond Offshore is an offshore drilling company which concentrates on securing contracts in the deepwater and mid-water drilling sectors. Diamond Offshore’s presence in the North Sea and Asia Pacific region enabled it to benefit from the increasing global mid-water market which offers the greatest number of contract opportunities. Loews owns 54.3% of Diamond Offshore which accounts for 8% of its revenue.
Loews Hotels
Loews Hotels is a leading luxury hotel chain with 18 hotels and resorts in both the United States and Canada. Loews Hotels recently acquired the Loews Lake Las Vegas Resort and assumed management of The Madison in Washington, DC.
Lorillard, Inc.
Lorillard is the nation’s oldest tobacco company. It owns the brands Newport, Kent, True, Old Gold, and Maverick, with Newport as its flagship brand and greatest source of revenue. About 90% of Lorillard’s supply volume is Newport. Loews owns 100% of Lorillard which accounts for 23% of its revenue.
In June 2006, it announced the corporate name would change to GCI Technologies, an acronym meaning Gemini, Cortex, and iKey, its three divisions. Cortex, a maker of hard drive music systems, made its debut at the 2006 NAMM convention and was subsequently acquired by Gemini. The Gemini DJ brand name will still be used as it currently is.
Le Gaga Holdings (NASDAQ:GAGA) is Chinese farming corporation which grows vegetables mostly in greenhouses. The company owns and operates 16 farms, which together, consist of 1,257 hectacres of land. The majority of the farms are located in Southern China, and the company sells most of its produce to markets in Southern China. The company uses greenhouses so that it can regulate conditions better, protect against bad weather such as typhoons, and grow during the off season.[1]
The company expects that it will experience growth not only from its competitive strengths but also due to the growth in the industry as a whole. In particular, the prices of vegetables have risen due to increased demand from the middle class. This group has gained wealth in China and have become increasingly aware of health values of a balanced diet. In addition, government subsidies and policies have favorably helped the agricultural industry.[2]
The company's initial public offering of stock on the NASDAQ occurred on October 28, 2010. The company offered 10.9M ADS shares each for $9.50. This was at the high end of the initial price range of $7.5-$9.5. The IPO raised a total of $204M. The lead underwriters of the deal were Bank of America (BAC), and UBS AG (UBS).[3]
The company's total revenue increased from 2008 to 2009. In 2008, the company reported 154M RMB, while in 2009, the company reported 199M RMB. The company's profits also increased over the same period from 38M RMB in 2008 to 60M RMB in 2009.[4]
Loews Corporation (NYSE: L) is a holding company with subsidiaries in the fields of natural gas transportation, luxury watch brands, Property & Casualty Insurance, offshore drilling, hotels, and cigarettes. Loews management members are active in each of the subsidiaries’ boards - ensuring that the companies are always run in compliance with the Loews approach to investing. Loews is historically a conservative investor who maintains an ample amount of cash on reserve to provide the flexibility to act when needed on a new acquisition or to revive a struggling subsidiary.
History
Loews Corporation has, since the early 20th century, been successful in maintaining and adding to its liquid assets, while also taking advantage of struggling businesses in need of a bail out. In 1960, they took over Loews Theatres, razing several of the properties and selling the lots to real estate developers for a profit. In 1968, Lorillard was rapidly declining in market share value. Loews bought it, changed management, and turned it around. Loews did the same for Diamond Offshore Drilling, Bulova, and CNA which Loews boosted in 1974 from a $208 million loss to a $110 million profit in 1975. This pattern of stringent investing and acquisition remains the reason why Loews is able to maintain profitability in the face of ever-changing consumer whims.
Company Overview
Loews is a holding company for a series of majority-owned subsidiaries.
Contents
1 History
2 Company Overview
2.1 Boardwalk Pipeline Partners, LP
2.2 Bulova Corporation
2.3 CNA Financial Corporation
2.4 Diamond Offshore, Inc.
2.5 Loews Hotels
2.6 Lorillard, Inc.
3 Competition
4 References
Boardwalk Pipeline Partners, LP
Boardwalk Pipeline is comprised of two natural gas pipeline systems, Texas Gas and Gulf South, which cover 11 states with storage fields in 4 states. Boardwalk recently commenced projects to increase the scope of its network: East Texas to Mississippi Expansion, Gulf Crossing, Southeast Expansion, Fayetteville Shale, and Western Kentucky Storage Expansion. Loews owned 81.6% of Boardwalk Pipeline in 2008, which accounted for 3% of its revenue at the time (in 2010 the equity interest was down to 66%).
Bulova Corporation
Bulova distributes luxury watches and clocks under the brands Bulova, Caravelle, Accutron, and Wittnauer. Bulova is the largest and best performing. Accutron and Wittnauer did well in the Swiss watch markets; Bulova increased sales in Canada, Mexico, and Italy. Loews owns 100% of Bulova.
CNA Financial Corporation
CNA Financial offers several forms of insurance including property, casualty, and marine liability to individuals, and management and professional liability insurance to several firms. CNA is the seventh-largest commercial insurer and fourteenth-largest property and casualty insurer in the nation. Over the last 2 years CNA's underwriters have cut costs and increased income by increasing client retention, selling additional CNA products to existing customers, and adding select new business --particularly in the profitable segment of large property coverage. By selling more coverage to existing customers, CNA gains more insight into underwriting making them better able to asses risk and make smarter decisions about types of coverage to offer and how to market them. Also, CNA staves off potential poaching by competitors by offering more services to clients who otherwise may have sought additional coverage elsewhere. The changes at CNA have resulted in drastically improved ratings by major credit rating agencies, and a full pay off of its debt to Loews.
Diamond Offshore, Inc.
Diamond Offshore is an offshore drilling company which concentrates on securing contracts in the deepwater and mid-water drilling sectors. Diamond Offshore’s presence in the North Sea and Asia Pacific region enabled it to benefit from the increasing global mid-water market which offers the greatest number of contract opportunities. Loews owns 54.3% of Diamond Offshore which accounts for 8% of its revenue.
Loews Hotels
Loews Hotels is a leading luxury hotel chain with 18 hotels and resorts in both the United States and Canada. Loews Hotels recently acquired the Loews Lake Las Vegas Resort and assumed management of The Madison in Washington, DC.
Lorillard, Inc.
Lorillard is the nation’s oldest tobacco company. It owns the brands Newport, Kent, True, Old Gold, and Maverick, with Newport as its flagship brand and greatest source of revenue. About 90% of Lorillard’s supply volume is Newport. Loews owns 100% of Lorillard which accounts for 23% of its revenue.