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The rummy game is
one of the most popular games for over 200 years now. Rummy
is actually a name of a group of games, which share similar
play structure that is based on melding cards or tile into
sets and runs, by drawing and discarding cards during the turns.
This family of games includes many unique variations;
Starting from the Chinese Mahjong through the classic
American gin
rummy and up to the colorful and up until exciting
Rummikub (or Tile Rummy). This might be the reason for the
amazing popularity of this group of games all over the
globe, (e.g. in France it's called rami) . It seems that
it’s because every player can choose their favorite variant
and enjoy hours of exciting and thrilling games.
Rummy is a skilled based game and being successful in it
depends mostly on the player’s alertness, tactics and
strategic game play. Most Rummy games are meant for 2-4
players, each playing in turn, clockwise. Each turn consists
of 3 major moves. The deck varies between the different
Rummy games and may consist of 52-106 cards. The goal is to
be the first player to meld down all the cards in their hand.
The first move is drawing a card. Players can draw a card by
picking it up from the stock pile (that consists of the
remainder of the deck, located on the table, face down).
Another option is to draw a card from the discard pile
(Please see more information on the discard pile below).
This rule varies or has certain limitations in the different
Rummy variations, but is present in all of them.
The second move of each turn is not mandatory for the game
play but optional, depending on the cards\ tiles that each
player has in their hand. This move is called melding cards\
tiles down on the table, in sets and/ or runs. A meld is a
sequence of cards. There are two types of melds: Sets and
Runs. A Set is a meld of 3-4 cards containing the same rank
in the different suits. A Run is a meld of 3 or more cards
consecutive in rank, all holding the same suit. The rules
regarding this move change from game to game. Some enable a
gradual lay-down of the melds during the game; some require
it to be all at once.
The third and last move of each turn is called “Discard”.
Every player finishing a turn must then discard one card \
tile from their hand onto the discard pile. In most Rummy
games there is only one discard pile, and each player may
pick up the last card thrown there by their opponent,
according to the game’s pick up rules. The next player may
then choose whether to draw a card from the stock pile, or
pick up the one from the discard pile. This will be done
according to the player’s decision whether they need this
card to complete a meld, (or a future one) or not.
In most cases the game ends when one of the players lay down
in melds all of the cards in their hand, onto the table.
They still need to discard one last card onto the discard
pile in order to do that.
The Electric Power Transmission and Distribution (T&D)
Equipment Market 2010-2020 report (
http://www.bharatbook.com/detail.asp?id=145490&rt=The-Electric-Power-Transmission-and-Distribution-T-DEquipment-Market-2010-2020.html
) which provides analyses the growth of the transmission and
distribution (T&D) industry which remains one of the most
important sectors in the energy market. The T&D sector is a
thriving market with significant potential for growth and
investment over the next ten years. This report outlines the
major trends in the T&D industry and provides a detailed
analysis of the strengths and weaknesses of the market in
different regions. It provides an in-depth analysis of the
market along with targeted global and regional sales forecasts.
Our research shows that global spending in 2010 on new T&D
equipment, including service and maintenance contracts, will
amount to $107bn. Growing electricity demands and
large-scale industrialisation in many countries around the
world will drive this market higher. We analyse, quantify
and forecast the expected spending in the global and
regional T&D infrastructure markets over the period 2010-2020.
The T&D sector remains one of the primary components of the
energy industry. It is an essential infrastructure and its
growth in the transitional economies of the world is
accelerating due to many factors outlined in this report.
The report analyses a wealth of data and introduces a clear
analysis of where the market will develop based upon diverse
factors and insight into the market, anticipating how and
why the market will evolve from 2010 onwards. The report
also describes the most important technological changes
within the T&D industry and assesses their importance for
the growth of the market over the long term. The various
drivers and restraints of the market are assessed in order
to provide readers with specific insights into the future
direction of the T&D market.
How much are individual regions planning to spend on
acquiring new T&D infrastructure and upgrading and
maintaining existing infrastructure between 2010 and 2020?
How much will T&D demand increase over the period 2010-2020?
Who are the leading companies in the T&D industry? Where are
the growth opportunities over the next decade - and with
which type of technology? These critical questions and many
more are definitively answered in this comprehensive report.
To know more and to buy a copy of your report feel free to
visit :
http://www.bharatbook.com/detail.asp?id=145490&rt=The-Electric-Power-Transmission-and-Distribution-T-DEquipment-Market-2010-2020.html
Related Reports :
Electric Power Transmission, Control and Distribution in the US
http://www.bharatbook.com/detail.asp?id=51507&rt=Electric-Power-Transmission-Control-and-Distribution-in-the-US.html
Electric Power Transmission & Distribution Equipment in China
http://www.bharatbook.com/detail.asp?id=106631&rt=Electric-Power-Transmission-Distribution-Equipment-in-China.html
Or
Contact us at :
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Follow us on twitter: http://twitter.com/3bbharatbookCHICAGO--Today, Zacks Investment Ideas feature highlights Features: Canadian National Railway (NYSE: CNI), CSX Corporation (NYSE: CSX), Norfolk Southern (NYSE: NSC) and Union Pacific (NYSE: UNP).
All Aboard: 4 Railroad Stocks to Own
During the economic downturn, the railroad industry suffered more than most industries. That’s because the railroad business is closely tied to economic growth. When the economy fell into a deep recession, there wasn’t much demand for rail transport.
In response to the slowdown, railroads slashed costs, streamlined operations and increased productivity. Those moves helped the industry stem the bleeding and stabilize profit margins.
Improving Conditions
Now that the economy has rebounded and is in recovery mode, the railroad industry is making money hand over fist. Improved economic conditions are helping boost sales volumes. According to the Association of American Railroads, rail carloads increased 7.4% in the first half of 2010. Second-quarter carloads were up 13.4% in the second quarter. So far, carloads are up 13.0% in the third quarter.
Operating Leverage
Growing sales volumes coupled with the industry’s cost-cutting efforts have led to explosive earnings growth for railroad companies, as sales gains flow through to earnings. In addition, railroad companies can handle volume growth without a commensurate increase in expenses. This is due to efficient transportation networks and the ability to extend train lengths (adding train cars) at little cost. Through the second quarter of 2010, it appears the industry’s leaner cost structure is sustainable, and that bodes well for earnings growth in the next several quarters.
Valuations
Despite stellar earnings growth and better-than-expected earnings reports, many railroad stocks are trading at relatively cheap valuations. This suggests that the market is still focused on an economic slowdown in the second half of the year.
Nevertheless, railroad companies are expected to deliver impressive earnings growth in 2010 and strong double-digit growth in 2011. Yet it is easy to find railroad stocks that trade around 15x this year’s EPS estimates and 13x next year’s. In our view, that means expectations are too low on this group. That pessimism should offer some downside protection in the event that overall growth decelerates faster than the consensus expects.
Risks
The biggest risk facing the rail industry is a slowdown in overall economic activity. The recent GDP report shows that growth in this stage of the recovery is weak. If economic growth were to decelerate further, it would negatively impact sales volumes and earnings of the railroad industry. Another risk is the rising price of fuel, which could eat into railroad’s profit margins.
Here are four railroad stocks that deserve a closer look:
Canadian National Railway (NYSE: CNI)
Canadian National Railway engages in the rail and related transportation business in North America. It provides transportation for various goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, and intermodal and automotive products.
The company reported second-quarter earnings of $1.08 per share, topping the Zacks Consensus by 10 cents, or 10.2%. Canadian National has beaten the Zacks Consensus in the last two quarters by an average of 8.4%.
In the last month, the Zacks Consensus Estimates for 2010 are up 13 cents, or 3.4%, to $3.93. The Zacks Consensus Estimate for 2011 is up 8 cents, or 1.8%, to $4.50.
CNI has a Zacks #2 Rank, and its shares trade at 13.8x 2010 EPS estimates and 14.3x 2011 EPS estimates.
CSX Corporation (NYSE: CSX)
CSX Corp. provides rail-based transportation services in North America. The company offers traditional rail service, and the transport of intermodal containers and trailers.
For the second quarter, CSX earned $1.07 per share, an increase of 48.6% compared to the year-ago quarter. It also beat the Zacks Consensus by 10 cents, or 10.31%. In the last five quarters, CSX Corp. has beaten the Zacks Consensus Estimate by an average of 8.6%.
In the last month, the Zacks Consensus Estimates for 2010 are up 24 cents, or 6.7%, to $3.85. The Zacks Consensus Estimate for 2011 is up 20 cents, or 4.7%, to $4.46.
CSX is a Zacks #1 Rank stock. It trades at 13.9x 2010 consensus estimates and 12.0x 2011 consensus estimates.
Norfolk Southern (NYSE: NSC)
Norfolk Southern engages in the rail transportation of raw materials, intermediate products and finished goods. Its operations consist of the transportation of coal, coke, iron ore products and automotive products.
For the second quarter, Norfolk Southern had EPS of $1.04, an increase of 57.5% compared to the second quarter of 2009. NSC beat the Zacks Consensus Estimate by 5 cents, or 5.1%. In the past two quarters, Norfolk Southern has beaten the Zacks Consensus Estimate by an average of 3.3%.
In the last month, the Zacks Consensus Estimates for 2010 is higher by 14 cents, or 3.8%, to $3.87, and the Zacks Consensus for 2011 is higher by 12 cents, or 2.7%, to $4.55.
NSC is a Zacks #1 Rank stock that trades at 14.7x 2010 Zacks Consensus and 12.5x 2011 Zacks Consensus.
Union Pacific (NYSE: UNP)
Union Pacific provides rail transportation services in North America. It has about 32,000 route miles linking Pacific Coast and Gulf Coast ports with the Midwest and eastern U.S. gateways.
The company had earnings of $1.40 per share, 19 cents, or 15.7%, ahead of the Zacks Consensus Estimate. Earnings were up 79.5% from the year-ago period.
In the last month, the Zacks Consensus Estimate for 2010 is up 20 cents, or 4.0%, to $5.16. The Zacks Consensus Estimate for 2011 is up 14 cents, or 2.4%, to $5.96.
This Zacks #2 Rank stock trades at 14.5x 2010 consensus EPS estimates and 12.5x 2011 consensus EPS estimates.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.
Then when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock picking system; the Zacks Rank, continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter Profit from the Pros. In short, it’s your steady flow of profitable ideas GUARANTEED to be worth your time. Get your free subscription to Profit from the Pros at: http://www.zacks.com/pfp/archives.php
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