Florida: how to make money in alternative investments
Beating the market with stocks in family business is generally a challenge. That is why investors should also look at companies that are involved in unusual businesses, because they do not face significant competition. Here we will focus on some of the companies that work in unusual businesses, and give you an alternative for your investments.
Seafarer Exploration Corp
Seafarer Exploration is an underwater salvage and exploration company based in Tampa, Florida. The company is focusing on the development of the infrastructure required to engage in archaeologically sensitive research, documentation, exploration and recovery of historic shipwrecks. The company recently made the news after the company announced that it obtained a 3 year permit for the shipwreck site south of Cape Canaveral from the Florida Bureau of Archaeology Research. Commenting on this huge development, Kyle Kennedy, CEO of Seafarer, said that the company is extremely excited about the prospects of this site. Kennedy added that there have been several artifacts previously found on the site and they have begun their exploration of the site and recently recovered new encouraging artifacts, including a cannon. In addition, the company had some correspondence about sites outside the United States. Seafarer Exploration shares have been seeing significant interest from investors. In the past three months, the company’s shares have gained more than 25%, with daily average trading volume rising to over 1.5 million shares.
Odyssey Marine Exploration Inc.
Odyssey Marine is also engaged in archaeologically sensitive exploration and recovery of deep ocean shipwrecks. Odyssey Marine Exploration is also based in Tampa, Florida. This company provided an update this week on the Environmental Impact Assessment for the proposed “Don Diego” project (a rich deposit of phosphate sands recently identified in Mexico’s Exclusive Economic Zone, beyond its Territorial Waters). The project is currently undergoing final reviews before government filing. Odyssey Marine announced that it placed operational reports and inventories of items recovered from the SS Central America shipwreck site on its website.
The inventories recovered from the shipwreck include gold ingots, nuggets, dust and a wide variety of gold coins from double eagles, down through one dollar gold coins. The company shares, however, have been struggled in the past year. Year to date, the stock has fallen more than 40%. In the past one year, the stock is down nearly 65%. The investors rely on the fact that Odyssey Marine will be starting new salvage projects soon.
Twitter Inc.
While social media might not be an unusual business now, it was relatively unknown only a few years ago. Today, though, social media companies are huge and Twitter is one of them. With a market capitalization of over $27 billion, Twitter is in fact one of the biggest in the social media space. The company reported better than expected user growth for the second quarter of the year, driven by product tweaks and services. The company’s numbers increased and is reaching 300 million users. While this is impressive, it is still well below social media giant Facebook’s 1.3 billion users. Twitter’s timeline views also beat expectations for the quarter. The strong results and outlook have boosted Twitter shares in trading. The rally has allowed Twitter to cut some of its losses for the year. The TWTR stocks are at low price in June, reaching $15.34, and management is doing a great job at driving revenue growth via increased monetization. This is something many analysts and commentators may be missing in the midst of all the negativity surrounding Twitter stock. The company owns just 9% of the social media ad revenue market. The industry will most probably continue growing at a nice rate in the years ahead, and Twitter has a lot of room for market share expansion, so there is a good chance that Twitter will sustain rapid revenue growth in the coming years.
Medical Marijuana Inc.
With several states in the U.S. legalizing the use of marijuana for medicinal and recreational purposes, marijuana stocks have been seeing a lot of interest. However, the marijuana business remains unusual, and what is even more, it is frowned upon by a large portion of the population. Medical Marijuana is a well-recognized company in the marijuana business. The company has a diversified portfolio of products, services, technology and businesses primarily focused on the cannabis and hemp industries. Reaching June, the stock prices are very low and is the right time to invest in this business alternative.
Collectors Universe Inc.
Based in Santa Ana, California, Collectors Universe is a provider of authentication and grading services to dealers and collectors of high-value coins, trading cards, event tickets, autographs and memorabilia. The company focuses on three areas; coins, trading cards and autographs, and other high-end collectibles. Collectors Universe announced record operating results for its third quarter of fiscal year 2016.
