Are Google Inc (GOOG), Covanta Holding Corp (CVA), and BFC Financial Corporation (BFCF) Poised To Break Out?
New York, NY – GDP INSIDER – 12/17/2014.
This investment analysis article discusses Google Inc(NASDAQ:GOOG), Covanta Holding Corp(NYSE:CVA), and BFC Financial Corporation(OTCMKTS:BFCF)
Google Inc(NASDAQ:GOOG) announced yesterday that it had entered into a long-term patent cross-license agreement with Verizon. Per the terms of the agreement, the two company’s hope to avoid future patent litigation cases. Surprisingly, Google Inc. appears to be on the decline. The online search juggernaut traded for a new 52 week low of $489 yesterday, which is $115.83 below its high of $604.83 for the one-year period. The company, which has a market capitalization of $336.06 billion, has a beta of 1.151. This figure indicates that Google is just 15.1% more volatile than the market.
Covanta Holding Corp(NYSE:CVA) announced on Dec. 10th that it had assumed the operations of the Pinellas County Resource Recovery Facility in St. Petersburg, FL. The company’s term at the facility is set to last ten years. The company had a trading volume of 3.63 million yesterday, which is 1.97 million greater than its three month average volume of 1.66 million. Simply put, investor interest in Covanta Holding Corp. is on the rise. The company has a beta of 0.38, a dividend of $1.00, a yield of 4.2%, an earnings per share (TTM) of $0.20, and a price to earnings ratio (TTM) of $110.56.
BFC Financial Corporation(OTCMKTS:BFCF) recently announced that a jury had rendered a split decision in the federal securities case brought against BBX Capital and Chairman Alan Levan. The jury ruled in favor of BBX Capital, whose holding company is BFC Financial Corporation, for all disclosures that preceded the market collapse. The stock traded for a new 52 week low of $2.56 yesterday. The company appears to be heading towards rock bottom, as BFC Financial Corporation has a one-year target estimate of $2.00.
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