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Japan Today  Jul 15  Comment 
China's economy expanded more than expected in the second quarter of the year, Beijing said Friday, fuelling hopes growth may be stabilising, but analysts warned private investment was worryingly low. The world's second biggest economy grew 6.7...
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WASHINGTON (dpa-AFX) - "Delete your account," Democratic party's presidential nominee Hillary Clinton's aggressive tweet targeting her potential rival Donald Trump has gone viral on social media. The message created by Clinton's...
The Times of India  May 23  Comment 
London, May 23, 2016 (AFP) -All-night services on London's Underground trains will be launched for the first time in August, the city's new mayor said Monday, despite union protests against the move.
The Times of India  May 22  Comment 
Ankara, May 22, 2016 (AFP) -Turkey's incoming prime minister Binali Yildirim is a longstanding and faithful ally of President Recep Tayyip Erdogan who has shown the president unstinting loyalty even before he won the highest office.
The Times of India  May 22  Comment 
New York, May 22, 2016 (AFP) -A Florida neighborhood watchman has sold for $250,000 the gun he used to kill unarmed black teenager Trayvon Martin, auctioneers said. United Gun Group, which hosted the auction on its website, confirmed Saturday the...
The Times of India  May 21  Comment 
Johannesburg, May 21, 2016 (AFP) -Some 750 South African families who say they were pushed out of their land on a natural reserve during apartheid will be handed over $5 million in compensation, President Jacob Zuma said Saturday.
The Times of India  May 21  Comment 
Sendai, Japan, May 21, 2016 (AFP) -A British vote to quit the European Union would inflict a "shock" on the global economy, G7 ministers said Saturday, presenting a united front against the prospect of a "Brexit".
The Times of India  May 21  Comment 
Cal-Nev-Ari, United States, May 21, 2016 (AFP) -Nancy Kidwell is a modern-day pioneer of the American desert, a rough-riding frontierswoman who built an entire town amid the lonely Yucca trees and sturdy sagebrush, where nothing existed before.
The Times of India  May 20  Comment 
Abidjan, May 20, 2016 (AFP) -With works by artists from each of Africa's 54 countries, a show with a political twist titled "The Illuminated Africa" kicked off a tour of the continent highlighting the right to energy. Half of Africa's estimated 1.
The Times of India  May 20  Comment 
New York, May 20, 2016 (AFP) -Wall Street stocks rose early Friday, joining global equities in rallying as a G7 meeting kicked off in Japan to debate ways to spur global growth.




 
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
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