|By PR Newswire||
|December 27, 2012 11:59 AM EST||
MIAMI, December 27, 2012 /PRNewswire/ --
EmergingGrowth.com, a leading digital financial media company, Reports on RVPlus, Inc., Infrastructure and Marvell's patent verdict.
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RV Plus (OTCBB: RVPL) just announced a $10.5 million material agreement with the West African Federal Government for the ECCO2 Project. This agreement with the Ministry of Planning and Economic Affairs for the Republic of Liberia, will provide goods and services that support carbon-emissions reduction, and energy efficiency, in addition to supporting climate change, environment, forestry, social affairs, and agriculture.
Cary Lee Peterson, RVPlus Chairman-CEO and ECCO2 Corp founder comments; "ECCO2 has made significant progress in cooperation with Parties for business development and expansion within Africa. You can expect to see ECCO2's global alliance follow the lead of the pioneers proactive with the diversified and sustainable green solutions being utilized by ECCO2 Tech and partners in the marketplace today."
The company currently has a market cap of 7.1 million, which can substantially increase as they start realizing revenue from these projects. This is one to watch.
Harris Corp (NYSE: HRS) announced last week that they have been awarded an $85 million contract to provide the US Air Force with Falcon multiband manpack tactical radios and accessories. Since the announcement the stock has been on a small down tick. With a $5.6 billion market cap, and the company loosing 1.63 per share (ttm) the stock may seem toppy at these levels. That being said, the company generates high cash flows and pays out a dividend which yields 3% on a ratio of 28% of cash flow which makes it attractive to hold in ones portfolio although I would not look for much appreciation on the short term.
Fluor Corporation (NYSE: FLR) recently took a sideways track after an almost 18% rise over the past 20 some odd trading sessions. Fluor, and it's competitor Jacobs Engineering (NYSE: JEC) both depend on both local state government contracts for roads and rail enhancement programs. Given the fact that the American Society of Civil Engineers fails the nations infrastructure outlay, much work from these companies is needed. And who is the largest maker of equipment for Fluor and Jacob's services? Astec Industries. (NYSE: ASTE). The Federal Highway Bill passed earlier this year should provide the funding and a strong additional revenue source for these companies and their respective stocks in the long run should benefit.
Marvell Technology Group (NASDAQ: MRVL)'s stock has been on a hard slide since a jury ordered the company to pay $1.7 billion for infringing patents held by Carnegie Mellon University. This is more than 25% of the company's worth. Keep an eye on this as the street is expecting the slide to continue as indicated by today's pre market. If the amount is reversed on appeal, the stock could have a nice pop.
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