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Climbers And Dogs Price/Book Ratio Winners (3/17/13)

|Includes: AFL, ANH, BP, E, ENIA, HTS, IVR, MXA, NLY, NOK, NYMT, RDS.A, United Microelectronics Corporation (UMC)

p/b ratio better than 1.57 or less (better than 3 divided by number =mean)
Book Value Price/Book
    Per Share (mrq):
United Microelectronics Corp UMC 2.79 0.68
Repsol SA REPYY 28.51 0.79
Anworth Mortgage Asset Corp ANH 7.16 0.87
Annaly Capital Management Inc NLY 15.85 0.98
Enersis SA ENI 19 0.98
Hatteras Financial Corp HTS 28.28 0.99
Invesco Mortgage Capital Inc IVR 20.85 1.04
BP PLC BP 37.15 1.1
Minnesota Municipal Income Portfolio MXA 16.16 1.1
Royal Dutch Shell PLC RDS.A 59.78 1.11
New York Mortgage Trust Inc NYMT 6.5 1.14
Eni SpA E 41.97 1.14
Nokia Oyj NOK 2.81 1.23
Aflac Inc AFL 34.16 1.48

Rosneft closes $55bn TNK-BP deal

By Guy Chazan

Russian oil company Rosneft announced on Thursday it had closed the $55bn deal to acquire TNK-BP, making it the world's largest publicly traded oil producer. In a statement, Rosneft said it had finalised a deal to acquire the 50 per cent share of TNK-BP owned by AAR, a consortium of...

14:50 GMT Mar 21 2013 BP:NYQ
Lululemon bent out of shape over pants recall

By Barney Jopson in New York

Lululemon Athletica, the sportswear brand in crisis over see-through yoga pants, acknowledged that it did not test how its products looked when wearers bent over before shipping millions of pairs that it has been forced to recall. Christine Day, Lululemon's chief executive, said the product had passed all initial testing,...

14:37 GMT Mar 21 2013 LULU:NSQ
AstraZeneca to cut 5,000 jobs by 2016

By Andrew Jack in London

AstraZeneca is to cut a tenth of its workforce over the next three years and refocus its research away from medicines to treat infections and in efforts to boost its flagging growth. The beleaguered Anglo-Swedish pharmaceutical group announced a $2.3bn charge to cover costs of reducing its headcount by more...

08:30 GMT Mar 21 2013 AZN:NYQ
Person of the year: Scale the heights

By Javier Blas

When Ivan Glasenberg sat down in September with Sheikh Hamad bin Jassim bin Jabr al-Thani, Qatar's prime minister, the Glencore chief executive's aim was clear: seal the deal to buy Xstrata. Glasenberg had claimed he was ready to walk away from the transaction if HBJ - as Sheikh Hamad is...

00:03 GMT Mar 21 2013 BP:NYQ, CVX:NYQ
BP stays out of bidding for gulf drilling

By Ed Crooks in New York

BP decided not to bid for new drilling rights in the Gulf of Mexico on Wednesday because of uncertainty over the US government's ban on it signing new contracts. The Bureau of Ocean Energy Management, which handles offshore drilling rights, said last week that BP would be allowed to bid...

23:25 GMT Mar 20 2013 BP:NYQ
Energy groups form shale gas alliance

By Ed Crooks in New York

Royal Dutch Shell, Chevron and Consol Energy have formed a new alliance with groups including the Environmental Defense Fund and the Clean Air Task Force to set performance standards for shale gas production, in a bid to address public concerns about the controversial practice. The Center for Sustainable Shale Development...

22:59 GMT Mar 20 2013 RDS.A:NYQ, CVX:NYQ
Walgreens: empire building


How hard can it be to move a bunch of pills around? Hard. Pharma distribution is a big business because the inventory is expensive, comes in zillions of varieties, and retailers can't afford to be caught short. The three major US drug distributors - McKesson, Cardinal, and AmerisourceBergen - have...

18:30 GMT Mar 20 2013 WAG:NYQ
Batista struggles to win over investors

By Samantha Pearson in São Paulo

In his autobiography the Brazilian billionaire Eike Batista praises his two most important business partners: Brazil and the market. "I could have easily chosen other countries to base my companies," writes the former speedboat racing champion. "I see myself as one of Brazil's soldiers." But while Latin America's largest economy...

18:06 GMT Mar 20 2013 BP:NYQ
Manufacturing wins over climate change levy exemptions

By Pilita Clark, Environment Correspondent

Steelmakers and pottery companies have had a boost in a Budget that has exempted some of their manufacturing processes from a contentious tax designed to encourage businesses to use energy more efficiently. "Creating a low carbon economy should be done in a way that creates jobs rather than costing them,"...

15:19 GMT Mar 20 2013 RDS.A:NYQ
American Realty in $5.7bn bid for Cole Credit

By David Gelles in New York

American Realty Capital Properties made an unsolicited $5.7bn offer for Cole Credit Property Trust III on Wednesday, a move that would scuttle Cole Credit's bid to go public and sets up a complicated tussle between the two real estate investment trusts. American Realty already manages swaths of commercial space around...

14:47 GMT Mar 20 2013 WAG:NYQ
Investors hit at India business climate

By Victor Mallet in New Delhi and James Crabtree in Mumbai

In the eyes of government ministers in New Delhi, India has in the past eight months embarked on a bold programme of liberalisation and economic reform in an effort to attract foreign investors and revive economic growth. "Doing business in India must be seen as easy, friendly and mutually beneficial,"...

13:25 GMT Mar 20 2013 NOK:NYQ, RDS.A:NYQ
Chinese seek change as continuity rules

By Henny Sender

Conversation in the coffee shops of Palo Alto is starting to sound more like the talk in the milk tea shops of Hong Kong. It is all about Chinese money going into the property market and driving prices to record highs - though to be fair it is tech industry...

17:28 GMT Mar 19 2013 CEO:NYQ
Cyprus levy concerns weigh on US stocks

By Anora Mahmudova in New York

Early gains on Wall Street fizzled out, as fears over imposing a levy on bank deposits in Cyprus overshadowed positive US housing data showing home construction rose in February. The benchmark S&P 500 index was trading marginally lower at 1,550.55, pulling away from near-record levels of last week. The Dow...

15:13 GMT Mar 19 2013 WAG:NYQ
Defensive AstraZeneca punts on Cambridge

By Jonathan Guthrie

Karma is revenging itself on George Osborne. In last year's budget he trumpeted news that GlaxoSmithKline would spend £500m on a Cumbrian R&D hub as a vindication of the government's innovation policy. But his 2013 address on the state of the economy will come just after AstraZeneca announced it is...

00:01 GMT Mar 19 2013 AZN:NYQ
Soriot's bitter pill for chancellor

By Andrew Jack

A Frenchman has given George Osborne a bitter pill to swallow on the eve of his Budget this week, with the decision by AstraZeneca to sharply cut back staff and investment at its historic Alderley Park medicines research centre in the chancellor's English constituency. For more than half a century,...

23:06 GMT Mar 18 2013 AZN:NYQ

Disclosure: I am long UMC, ANH, NLY, ENI, HTS, IVR, BP, MXA, RDS.A, NYMT, E, NOK, AFL.