| Developer Says City Keeping Him From Renovating Crime-Ridden Area
ORLANDO, Fla. -- A developer says he has big plans to renovate several rundown apartment complexes in an Orlando neighborhood that has been riddled with crime. But he says the city is standing in the way. Developer Jimmy Yuken wants to renovate the Peppertree apartments on Mercy Drive, one by one. The problem is they all have code violations and the city says the most dangerous violations, including the unsafe stairs leading to the second floor units, have to be fixed in less than 60 days whether someone is living in the buildings or not. "We put in all the central air conditioning ducts," Yuken said during a walk-through of one of the units. Jimmy Yuken is in a hurry to gut the Peppertree apartment complex, but says he can't do it on the city's deadline.
Watsco, Incorporated Earnings Conference Call (Q4 2007)
Watsco, Inc., along with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States. Its products primarily comprise residential central air conditioners; light commercial air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. The company also offers various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies consisting of thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. Watsco operates through approximately 380 locations in 32 states. It distributes its products to contractors and dealers who service the replacement and new construction markets.
Stocks to buy: Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steels
Kotak Securities has a ‘buy' rating on the central air-conditioning systems major Blue Star, as it feels it will report handsome earnings growth over the next two years (CAGR of 78% between FY07 and FY09). The company being in a position to offer the best requirement for central as well as commercial refrigeration equipment enabling it to maintain a leading market position in this segment, remains one of the key reasons for its bullishness.
The brokerage also feels that the stock is a play on structural themes like IT/ITeS and retail. However, the brokerage warns that appreciation in the rupee and slowdown in IT/ITeS services remain key concerns. Kotak calculates that at the current price, BSL is trading at 25.1x and 19.3 times FY08 and FY09 earnings, respectively, and on a forward EV/EBITDA basis, the stock is trading 12.6 times.
Only 10 of 46 air cons operable at Tamuning Elementary
Just when things were beginning to cool off, things are heating back up at Tamuning Elementary School. Students at the central school are feeling the heat once again, as a majority of the classrooms are without working air conditioning units. (This comes a few months after the units were repaired.) A total of 36 out of 46 classrooms are currently without the services of functional A/C."I told the board I'd challenge them to come to my school, sit in my class and watch my teacher give a lesson, because it's so hot," said Student Body Association president Geawna Hernandez. The outspoken fifth grader had approached the Guam Education Policy Board during its meeting last night, voicing her frustrations. The student says teachers are conducting classes outside because the heat has become unbearable, adding that she doesn't want to return back a modified bell schedule.She explained, "It's really hot and I know that not all of the kids like school, but I kind of like school and I don't want to go back to the 12 o'clock schedule anymore.
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