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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
Home / Markets / Industries / Industrials
Tuesday, July 01, 2008
Colfax Corporation Added to Russell 2000(R) Index
Comtex
RICHMOND, Va., July 1, 2008 /PRNewswire via COMTEX/ ----RICHMOND, Va., July 1 /PRNewswire-FirstCall/ -- Colfax Corporation (NYSE: CFX), a global leader in engineered fluid handling products and systems, today announced that it was added to the Russell 2000(R) Index after the markets closed on June 27, 2008 as Russell reconstituted its comprehensive family of global indexes.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO )
"We are very pleased to be a part of the Russell 2000 Index following our successful IPO in the second quarter of 2008," said John Young, President and CEO. "The addition of Colfax to the Russell 2000 will increase our visibility among investors, provide an opportunity to broaden our shareholder base and, ultimately, enhance our efforts to deliver outstanding value to our shareholders."
The annual reconstitution of the Russell 3000(R) Index captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000(R) Index and the next 2,000 companies become the Russell 2000 Index. The Russell 2000 Index is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to prevent distortion of performance by larger stocks and to maintain the integrity of characteristics of the true small-capitalization opportunity set.
Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. For more information on Russell indexes, go to http://www.russell.com.
ABOUT COLFAX CORPORATION
Colfax Corporation is a global leader in critical fluid-handling solutions, including the manufacture of positive displacement industrial pumps and valves used in global oil & gas, power generation, marine, naval and a variety of other industrial applications. Key product brands include Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax's products, businesses and practices is available at http://www.colfaxcorp.com.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to, those detailed in Colfax's Registration Statement on Form S-1 under the caption "Risk Factors" and other reports filed by Colfax with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.
SOURCE Colfax Corporation
http://www.colfaxcorp.com
Copyright (C) 2008 PR Newswire. All rights reserved
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