In the Global Clean Energy—Clean Tech model by Craigmillar, the investment strategy is to earn positive net annual returns over the long-term by putting a focus on companies that have an involvement in developing alternative energy because these companies will benefit from global energy decarbonization over the long haul. Recently, they added General Cable Corporation (NYSE: BGC) to the model. During recent weeks, the wire and cable company announced its offshore wind farm project in the Baltic Sea. The farm will have 80 wind turbines of 3.6 megawatts each. This will result in an output of 1,200 gigawatt hours of electricity annually for up to 340,000 homes.
Another position added to the model was Itron Inc (NASDAQ: ITRI). ITRI provides solid-state meters to electric, water and gas companies so they can read client’s energy and resource usage and help clients manage that usage. On October 1st, ITRI announced that they had entered into a contract with Cleveland’s Division of Water to use the smart water meters developed by Itron. These meters have customer-side leak detection capabilities that can create more billing accountability as well as reduced chances of water waste.
YH&C Investments’ GARP model invests both in anticipation of arbitrage opportunities, mergers and spinoffs and in companies after conducting a fundamental analysis that looks closely at cash and liquidity. Recently, they added GigaMedia Ltd (NASDAQ: GIGM) to the model. The software company’s net income has been decreasing steadily since 2007, and dropped substantially from $50.8 million in 2008 to $8.6 million in 2009. In June, the company announced a partnership with MTV Networks Asia to develop a massive multiplayer online game (MMOG) based on the popular television show SpongeBob SquarePants. It is unknown how this will affect the company’s net income, which fell from $44.4 million in 2008 to ($49.1) million in 2009.
