Tuesday, November 30, 2010

30 November 2010 I Do Not Like Green Eggs and Ham

BAGAKOAA 30 November 2010 I Do Not Like Green Eggs and Ham

While I think we got our guesses right about the home prices (down) and PMI and Chicago’s manufacturer index (UP) correct, the market did not cooperate. Another half a point got taken off the table. But life goes on.

The Senate actually got work done. Yes you heard me right they actually got some work done. No they did not address unemployment, nor did they agree on anything related to the retiring tax cuts, nor did they make any head way toward immigration issues, they decided to take on the controversial subject of safe food. That’s right I an sure the country must be equally divided on the subject of safe food. Somewhere out there is a person who just does not want safe food.

Now I can’t blame the Senate for not taking on tough subjects with the four and half weeks left this session. After all there are a dozen or so new Senators that have to learn the really important stuff like how to use federal franking privileges to get re-elected in 6 years.

Enough politican bashing for one blog. They actually did approve the safe food bill which means that FDA can recall tainted foods instead of intimidating companies that sell tainted foods. It requires large food processors to register with the FDA. The FDA will create detailed food-safety guidelines. They will also create new safety regulations for large producers of the highest risk fruits and vegetables. It will also establish stricter standards for imported foods. They will also increase their inspections of domestic and foreign food facilities.

The law does not address eggs, meat, or poultry because even tainted pork tastes pretty damn good with the right gravy. Just kidding, those categories of foods are regulated by the Agriculture Department. Funny I thought fruits and vegetables were agricultural products? But I digress.

So I was saying to myself, “Self,  how can we make money on this exciting news?” Well I called every publically held company in North America and asked,  "Do you make products for the food-safety industry?",  and here were the folk who said yes.

WAT Waters Corporation operates as an analytical instrument manufacturer primarily in the United States, Europe, Japan, and Asia. The company designs, manufactures, sells, and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC), and mass spectrometry (MS) instrument systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

SDIX Strategic Diagnostics Inc., a biotechnology company, together with its subsidiaries, develops, manufactures, and markets proprietary products, services, and solutions in the pharmaceutical, biotechnology, diagnostics, food safety, and environmental markets. Its life science portfolio includes products and custom services that supply critical reagents used in the life science research and development markets. These products and services comprise custom antibodies, pre-made catalog antibodies, in vitro diagnostic-grade antibodies, proprietary critical reagent products, associated bio-processing services, and custom assay design and development services, which are sold to pharmaceutical, biotechnology, and diagnostic companies, as well as to biomedical research centers. The company also provides industrial biodetection products, including immunoassays, which represents advanced technology for the detection of food pathogens, as well as water and soil contaminants.

PTC PAR Technology Corporation provides professional services and enterprise business management technology to the hospitality industry worldwide. The company operates through two segments, Hospitality and Government. The Hospitality segment provides restaurant management technology solutions that include fixed and wireless order-entry terminals, self-service kiosks, kitchen systems deployed on printers or video monitors, food safety monitoring tools, back office applications, and enterprise business intelligence software.

NEOG Neogen Corporation, through its subsidiaries, engages in the development, manufacture, and sale of various products for food safety testing and animal health applications. It operates in two segments, Food Safety and Animal Safety. The Food Safety segment primarily produces and markets diagnostic test kits and complementary products that detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, drug residues, pesticide residues, and general sanitation concerns. Its food safety products also comprise bioluminescence-based diagnostic technology.

MIDD The Middleby Corporation, through its subsidiaries, engages in the design, manufacture, and sale of commercial foodservice and food processing equipment. Its Food Processing Equipment group manufactures preparation, cooking, packaging, and food safety equipment for the food processing industry.

ECL Ecolab Inc. engages in the development, manufacture, sale, and service of products that clean, sanitize, and promote food safety and infection prevention.

GMO General Moly, Inc. engages in the exploration, development, and mining of molybdenum properties in the United States. Its primary asset is an 80% interest in the Mt. Hope Project containing proven and probable molybdenum reserves totaling 1.3 billion pounds located in Eureka County, Nevada.

VIFL Food Technology Service, Inc. owns and operates an irradiation facility in Mulberry, Florida. Its irradiation facility uses gamma radiation to provide contract sterilization services to the medical device, food, and consumer goods industries, as well as Cobalt 60 for the sterilization of medical, surgical, pharmaceutical, and packaging materials.

If that last one sounds familiar, we played with it back in mid 09 and made a little jingle (technical financial term for profit) on the stock.

After doing some homework and I know you will do your own, we took a couple of new positions. We got back into our old friend VIFL, we started a new position in NEOG, and we also are giving SDIX a shot. Please do your own homework as these really are shots in the dark. I have not scrutinized their quarterly earnings, just picked what looks good and put some orders in before all the big money players start shopping. (Who am I kidding they probably have already checked out.)

The Pillar of Salt

Salvay and Luecrum get a hold of old portfolio statement of mine. This is why we never look back.


Salve Lucrum


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