QUOTE AND NEWS
Clusterstock  Oct 7  Comment 
Hong Kong (AFP) - A flawless fancy vivid pink diamond sold for a record US$17.7 million in Hong Kong late Tuesday, Sotheby's said. The auction house said the internally flawless 8.41-carat stone had been expected to go under the hammer for up to...
GenEng News  Sep 11  Comment 
Prenatal screening for Down syndrome first became available for expectant mothers with the advent, in the late 1960s, of a diagnostic test employing amniocentesis and fetal karyotyping. At the time, only one risk factor was considered—the age of...
The Australian  Sep 10  Comment 
THE billions of dollars of superannuation sloshing around Australia’s financial system make it a prime target for criminals.
Mondo Visione  Aug 27  Comment 
 According to reports on the AFP news-wire,  InternationalnMonetary Fund  (IMF) chief  Christine Lagarde  has been charged with "negligence" in the exercise of her public functions over a state payout to a businessman when she was French...
The Australian  Jul 27  Comment 
JULIE Bishop says Australia is determined to send police to the MH17 site, after a new offensive by Ukrainian forces delayed their search.
The Australian  Jul 27  Comment 
Clusterstock  Jul 14  Comment 
Qatar is purchasing $11 billion in Patriot missile batteries and Apache attack helicopters from the United States, according to AFP. It's the largest single sale of U.S. weaponry in 2014, and it's to a country with only 278,000 citizens (and...
The Times of India  Jun 30  Comment 
French bank BNP Paribas has agreed to pay US authorities a $8.9 billion fine to avoid being tried in court for dealing with US-blacklisted countries, sources close to the matter told AFP.
Mondo Visione  May 23  Comment 
The Texas Association of Public Employee Retirement Systems registered its contempt for the decision by Americans for Prosperity earlier this week to interfere in pension politics in Detroit and pledged vigilance of future similar activities in...
Mondo Visione  May 9  Comment 
Two men have been arrested by the Australian Federal Police (AFP) today for offences relating to insider trading, money laundering, corruption and abuse of public office. The arrests are the result of a joint AFP and ASIC operation after...
MarketWatch  May 2  Comment 
U.S., Europe stocks retreat on news of Russian call for Security Council meeting




 
TOP CONTRIBUTORS

Introduction

United Capital Corp. operates in three industry segments: real estate investment and management, hotel operations, and engineered products. The real estate investment and management segment is engaged in the business of investing in and managing real estate properties. In 2010, 98.7% of the company’s real estate properties were leased. The hotel operations segment consists of four hotels located in the United States. The engineered products segment manufactures knitted wire products and components. In 2010, United Capital Corp reported $12.7 million in profit of revenues of $80.7 million. [1]


Business Growth

For its manufacturing business, United Capital Corp is looking to cut costs. In 2010, they moved to Mexico and opened a new 69,000 square foot manufacturing facility so that 50% of the manufacturing production will take place there. This move boosted their sales by 39%. For its real estate and hotel divisions, United Capital Corp. is looking to use its $124 million in cash on hand to acquire new assets to grow its business.

Trends & Forces

Declining United States Automotive Industry

The US automotive industry was drastically affected in 2008 and 2009, which followed a general decline starting in 2006. In 2009, with the lowest domestic selling rate seen in decades, each of the “Big Three” U.S. automakers requested emergency loans. GM and Chrysler went bankrupt. Although they have come out of bankruptcy and auto sales are picking up, consumer demand could be weakened by rising fuel and energy costs. Weakness in the economic recovery may also cause another drop in demand.

With United Capital Corp.’s engineered products supplying the automotive industry, a drop in the automotive industry could adversely affected United Capital Corp. Engineered products accounts for 40% of the company’s total revenues in 2010. Autoliv and General Motors are the segment’s largest customers, accounting for 13.9% and 10.4% of the segments sales.

The company is controlled by A.F. Perocelli

The Chairman, Present and Chief Executive Officer, Mr. Atillio.F. Petrocelli Chairman, owns, approximately 70.0% of the Company’s outstanding common stock. This amount includes the shares held by his wife but not those of his children or grandchildren. With such a large concentration of shares, Mr. Petrocelli basically decides on all matters requiring stockholder approval. As the highest manager and largest shareholder, the checks and balances usually placed on a public company is not present.

Competition

  • Thomas Properties Group has 2.2 million of rentable square feet located in Southern California and Sacramento, California; Philadelphia, Pennsylvania; Northern Virginia; Houston, Texas and Austin, Texas.
  • InterGroup Corporation has operations in multi-family and commercial real estate and an interest in the hospitality industry through its investment in the Hilton San Francisco Financial District. It also has a significant investment in Comstock Mining.
  • American Realty Investors owns income-producing residential, hotel and commercial real estate properties. ARL also acquires land for development in suburban markets.
  • American Spectrum Realty owns, manages and operates income-producing 30 properties. 23 are office buildings, five industrial properties, one retail property and a parcel of land.

References

  1. United Capital Corp 2010 Annual Report
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki