Harsco Corp (NYSE:HSC)

Positive:
- Diversified business
- Close to long term support
- Nice dividend

Category: MRVL-

Operational Excellence basket

Harsco Corp (HSC), a component of the S&P MidCap 400 Index, has been selling industrial products and services since 1850. Business segments sorted by revenue are: Metal processing 42%, Construction 34%, Railway 9%, plus a half a dozen smaller ventures. In Q3, segment results were mixed, while up slightly overall. Due to long lead times and contracted work, they seem to be a lagging indicator of economic activity, with 2010 possibly being their low point for profits, with expectations of $0.86/sh. They are following a strategy of expansion into the growing economies of Asia and Latin America and promoting all of the company’s various offerings to the existing customers of each segment. Their current portion of long-term debt was recently rolled over into a 2.7% 15-yr bond from the previous 7.25% paid. The recent $0.205 quarterly dividend declared marks their 243rd consecutive quarterly cash dividend. It appears to me that during recessions, the stock gets knocked down to a little over book value (1.1 to 1.2) and when times are better, it trades at about 2.4 times book. It’s currently only moved up to 1.4 times book, so between today and better days, there is about $30-$40 capital appreciation likely and a 3.3% dividend in the meantime.
Disclosure: I have taken a position in this name that I expect to be longer term.

Marketwatch. com had this to say resently - So far the stock has hit a 52-week low of $19.89 and 52-week high of $35.31. Harsco stock has been showing support around 23.34 and resistance in the 24.80 range. Technical indicators for the stock are Bullish and S&P gives HSC a positive 4 STAR (out of 5) buy rating. HSC appears on the Investors Observer Hedged Dividend Income list. Harsco has a current annual dividend yield of 3.43%

Rail infrastructure improvements

Railroad maintenance leaders...strategic infrastructure that needs continual maintenance.

They look ready for a bounce above the S&P trend line.

uppp

When the shovel ready projects get up. This company will start getting tone of orders.

I am in with both feet at under $19.00. I expect some dice dbl digit gains in less than 6 mo. The dividend just sweetens the pot. Got to love it.

I've been screening for stocks with PEG rates less than 1, yields more than 4% and solid cash flows relative to price. To that I add solid industry leadership. It's got to be oversold.

Great company doing work internationally. Great price..

Industrial infrastructure powerhouse that appears to be a "steel"

at this incredible price.

I need help

Industrial Stock - Great Stock - Future Growth

While new management has now taken over the company continues to dominate the market. I believe that this stock upside potential is really good and expect the stock to get to at least $70 a share by years end.

Maybe in the long-term they can be a good investment....

Good Trend

Bein leið upp út árið KAUPA KAUPA