| A | SECTORS Glossary based on * Global Industry Classification Standard GICS Terms and Definitions Accident Insurance ...see Life & Health Insurance additives ...see Specialty Chemicals Advertising SECTOR Industry Group Industry Sub-Industry CONSUMER DISCRETIONARY Media Media Advertising Companies providing advertising, marketing or public relations services. aerospace (Civil or military) ...see Aerospace & Defense Aerospace & Defense SECTOR Industry Group Industry Sub-Industry INDUSTRIALS Capital Goods Aerospace & Defense Aerospace & Defense Manufacturers of civil or military aerospace and defense equipment, parts or products. Includes defense electronics and space equipment. Agricultural Chemicals ...see Fertilizers & Agricultural Chemicals Agricultural Products SECTOR Industry Group Industry Sub-Industry CONSUMER STAPLES Food, Beverage & Tobacco Food Products Agricultural Products Producers of agricultural products. Includes crop growers, owners of plantations and companies that produce and process foods but do not package and market them. Excludes companies classified in the Forest Products sub-industry and those that package and market the food products classified in the Packaged Foods sub-industry. Air Delivery & Freight Services ...see Air Freight & Logistics Air Freight & Logistics SECTOR Industry Group Industry Sub-Industry INDUSTRIALS Transportation Air Freight & Logistics Air Freight & Logistics Companies providing air freight transportation, courier and logistics services, including package and mail delivery and customs agents. Excludes those companies classified in the Airlines, Marine or Trucking sub-industries. Air Services ...see Airport Services Airlines SECTOR Industry Group Industry Sub-Industry INDUSTRIALS Transportation Airlines Airlines Companies providing primarily passenger air transportation. Airport Services SECTOR Industry Group Industry Sub-Industry INDUSTRIALS Transportation Transportation Infrastructure Airport Services Operators of airports and companies providing related services. Alternative Carriers SECTOR Industry Group Industry Sub-Industry TELE- COMMUNICAT. SERVICES Telecomm. Services Diversified Telecomm. Services Alternative Carriers Providers of communications and high-density data transmission services primarily through a high bandwidth/fiber-optic cable network. Aluminum SECTOR Industry Group Industry Sub-Industry MATERIALS Materials Metals & Mining Aluminum Producers of aluminum and related products, including companies that mine or process bauxite and companies that recycle aluminum to produce finished or semi-finished products. Excludes companies that primarily produce aluminum building materials classified in the Building Products sub-industry. amusement parks ...see Leisure Facilities Apparel, Accessories & Luxury Goods SECTOR Industry Group Industry Sub-Industry CONSUMER DISCRETIONARY Consumer Durables & Apparel Textiles, Apparel & Luxury Goods Apparel, Accessories & Luxury Goods Manufacturers of apparel, accessories & luxury goods. Includes companies primarily producing designer handbags, wallets, luggage, jewelry and watches. Excludes shoes classified in the Footwear sub-industry. Apparel Footwear & Accessories ...see Footwear Apparel & Luxury Goods ...see Textiles Apparel Retail (Apparel Stores) SECTOR Industry Group Industry Sub-Industry CONSUMER DISCRETIONARY Retailing Specialty Retail Apparel Retail Retailers specialized mainly in apparel and accessories. Appliances ...see Household Appliances Application Software SECTOR Industry Group Industry Sub-Industry INFORMATION TECHNOLOGY Software & Services Software Application Software Companies engaged in developing and producing software designed for specialized applications for the business or consumer market. Includes enterprise and technical software. Excludes companies classified in the Home Entertainment Software Sub-Industry. Also excludes companies producing systems or database management software classified in the Systems Software sub-industry. Asset Management & Custody Banks SECTOR Industry Group Industry Sub-Industry FINANCIALS Diversified FINANCIALS Capital Markets Asset Management & Custody Banks Financial institutions primarily engaged in investment management and/or related custody and securities fee-based services. Includes companies operating mutual funds, closed-end funds and unit investment trusts. Excludes banks and other financial institutions primarily involved in commercial lending, investment banking, brokerage and other specialized financial activities. Auto Components SECTOR : CONSUMER DISCRETIONARY Industry: Auto Components ...see the following sub-industries: Auto Parts & Equipment Tires & Rubber auto dealers ...see Automotive Retail Auto Dealerships ...see Automotive Retail Auto Parts & Equipment SECTOR Industry Group Industry Sub-Industry CONSUMER DISCRETIONARY Automobiles & Components Auto Components Auto Parts & Equipment Manufacturers of parts and accessories for automobiles and motorcycles. Excludes companies classified in the Tires & Rubber sub-industry. Automobile Manufacturers SECTOR Industry Group Industry Sub-Industry CONSUMER DISCRETIONARY Automobiles & Compon. Automobiles Automobile Manufacturers Companies that produce mainly passenger automobiles and light trucks. Excludes companies producing mainly motorcycles and three-wheelers classified in the Motorcycle Manufacturers sub-industry and heavy duty trucks classified in the Construction & Farm Machinery & Heavy Trucks sub-industry. Automobiles SECTOR : CONSUMER DISCRETIONARY Industry: Automobiles ...see the following sub-industries: Automobile Manufacturers Motorcycle Manufacturers Automobiles & Components SECTOR : CONSUMER DISCRETIONARY Industry Group: Automobiles & Components ...see the following sub-industries: Auto Parts & Equipment Automobile Manufacturers Motorcycle Manufacturers Tires & Rubber Automotive Retail SECTOR Industry Group Industry Sub-Industry CONSUMER DISCRETIONARY Retailing Specialty Retail Automotive Retail Owners and operators of stores specializing in automotive retail. Includes auto dealers, gas stations, and retailers of auto accessories, motorcycles & parts, automotive glass, and automotive equipment & parts. * The GICS (Global Industry Classification Standard) was developed by Morgan Stanley Capital International (MSCI) and Standard & Poor's more , using 10 Sectors, 24 Industry Groups, 68 Industries and 154 Sub-industries. GICS Table The ICB (Industry Classification Benchmark) is a company classification system developed by Dow Jones and FTSE more , using 10 Industries, 18 Supersectors, 39 Sectors, 104 Subsectors.ICB Table The SIC (Standard Industrial Classification) is a United States government system for classifying industries by a four-digit code. more It is being supplanted by the six-digit North American Industry Classification System (NAIC). However certain U.S. government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes. SIC Code List 1MTX MARKETS | SECTORS USA | Latest Quotes, Charts, News 1MTX 2009 - Sources: ICBenchmark.com; MSCIBarra.com; SEC.gov; Wikipedia.org; Sitemap 1MTX - FIRST MARKETS TRADES EXPERTS 1mtx.com ? top
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Financial Sector and Stocks Analysis from Seeking Alpha   RSS

Monday, 22 September 2014, 9:46 GMT
Update: Annaly Capital Keeps Dividend Intact
By Albert Alfonso:
Annaly Capital (NYSE:NLY) recently declared its dividend for Q3 2014. The company will be paying $0.30 per share, in line with last quarter. The dividend is payable October 31, 2014, to common shareholders of record on October 1, 2014. The ex-dividend date is September 29, 2014. At current prices, Annaly has a forward yield of 10.60% and trades at a 15% discount to its June 30, 2014 book value of $13.23 per share.
With its fourth straight quarterly dividend at 30 cents per share, Annaly seems to have found at least some level of sustainability. This is in stark contrast to prior periods, especially 2013, when the company was lowering its dividend rate almost every quarter. Indeed, this can be attributed to the reduced volatility seen in the MBS market this year. Annaly noted that the current market stabilization is due to increased communication from the Federal Reserve in telegraphing
Complete Story »


Monday, 22 September 2014, 9:00 GMT
Studying Student Housing REITs
By Markit:
Education exposed REITs have underperformed the rest of the REIT market over the last four weeks. We reveal the factors driving the returns in this niche sector.
The quest for yield in these low rate times has forced investors to turn to increasingly exotic corners of the financial world in order to secure the levels of yield that were previously provided by conventional assets. One such niche are the relatively high yielding student housing REITs where companies build and then lease multi-family units to college students.
With the total US college population increasing by nearly a third in the decade to 2012 (the most recent statistics available from the US National Centre for Education Statistics), universities have increasingly turned to these firms to help house their growing attendees. Investors on the other hand have been eager to help, given the relatively high yields that these units command in their captive
Complete Story »


Monday, 22 September 2014, 8:45 GMT
Why T. Rowe Price Is An Investment Opportunity Right Now
By Arie Goren:
Although this year and 2013 have been remarkably successful for T. Rowe Price Group, Inc. (NASDAQ:TROW), its stock has significantly underperformed the market. In my opinion, now it is an excellent opportunity for a long-term investment in TROW's stock at a cheap price. T. Rowe Price has good valuation metrics, strong earnings growth prospects, and it has no debt at all. The company has shown earnings per share surprise in each one of the last four quarters, and according to its historical valuation multiples the stock is undervalued. In addition, T. Rowe Price is generating strong cash flow, and it returns value to its shareholders by stock buybacks and increasing dividend payments.
The Company
T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. The company was founded in 1937 and
Complete Story »


Monday, 22 September 2014, 8:45 GMT
How Does Annaly Look After The Recent Rate Rise? Still Good
By David White:
Annaly Capital Management Inc. (NYSE:NLY) is the largest mortgage REIT on the NYSE. Over the last 15 years or so, it has far outperformed the S&P 500, the S&P Financials, and the MSCI US REIT Index (see the chart below).
(click to enlarge)
The majority of the performance graphed above is from NLY's dividends, which have and continue to be outsized compared to the general market. On September 18, 2014 NLY declared its Q3 2014 dividend of $0.30 per common share (or 10.61% annualized). This is a good sign because the announcement came after most of the recent interest rate rise. The dividend is unchanged from Q2 2014, which indicates stability. Such stability makes most income investors happy.
The above chart is impressive, but it also indicates a lot of recent weakness. Many investors want to know if this is likely to continue. If it is, they naturally want to
Complete Story »


Monday, 22 September 2014, 8:04 GMT
NRF 31% Leads Financial Dogs September Upsides
By Fredrik Arnold:
Actionable Conclusion (1) Northstar Realty Financial (NYSE:NRF) at 31% Paced September Financial Dividend Dog Upsides
Spurred by a definitive agreement announced September 3rd to acquire a $1.1 billion hotel portfolio from Inland American Real Estate Trust, six analysts have tagged NRF with a $22.75 1 yr. median target stock price up from $17.32 closing Thursday, 9/18.
Yield (dividend / price) results from here verified by Yahoo Finance for monthly dividend paying small, mid, & large cap Financial stocks as of market closing prices September 18 were augmented by analyst 1-yr target projections to reveal four actionable conclusions discussed below. Small cap firms were valued at $200M(illion) to $2B(illion); mid cap firms were worth $2B to $10B; large caps were valued above $10B.
Wall Street Wizard Weights
One-year mean or median target price set by brokerage analysts multiplied by the number of shares in a $1k investment were used to
Complete Story »


Monday, 22 September 2014, 4:26 GMT
Another Strong Dividend At 12% Yield
By Tom Dorsey:
On September 18, 2014, American Capital Agency Corp. (Nasdaq: AGNC) announced its Board of Directors declared a cash dividend of $0.65 on its common shares of stock. This was expected, and this is the fourth quarter in a row for the same dividend amount.
Investors are looking forward to the quarterly financial statement due out near the end of October, because the second quarter's report highlighted a comprehensive of $2.43 per share and a $2.42 gain in the net book value per share. This may lead the company to pay a catch-up dividend in the fourth quarter to retain the tax status as a mREIT.
The stock price just prior to the ex-dividend date on June 25 was $23.76. The stock price dropped into the $22s, with a close on September 19 at $22.46. We expect the stock price to increase over the next several days to near a
Complete Story »


Sunday, 21 September 2014, 17:49 GMT
Solar Senior Capital: BDC Risk Profiles
By BDC Buzz:
This is a series of articles to assess risk for the 26 BDCs that I cover and a follow up to my other "BDC Risk Profile" articles. There are many reasons why assessing risk for BDCs is important, including expected returns, valuations, and the potential loss of capital during an economic downturn or general business cycle. I use 'relative risk rankings' in many of my articles for valuation purposes, because I believe BDCs should be measured on projected risk vs. return. This series will take into account new metrics, and I will be adjusting my rankings accordingly, as well as updating my suggested 'risk averse' BDC portfolio.
The following are some of the indicators of risk and portfolio quality that I will be discussing in this series:
  • General portfolio mix and yield
  • Portfolio debt-to-EBITDA
  • Average investment size and portfolio concentration risk
  • BDC leverage vs. portfolio mix
  • NAV

Complete Story »


Sunday, 21 September 2014, 15:09 GMT
Deutsche Bank AG: Considerable Upside Potential
By Frank Isaksen, CFA:
Summary comments
Deutsche Bank (NYSE:DB) currently trades at attractive consensus valuation multiples. My thesis is therefore that Deutsche Bank offers an attractive risk/reward.
In this analysis, I will try to find out if Deutsche Bank is an attractive investment by conducting a valuation analysis on what I assume to be somewhat conservative forecasts. I also include risk assumptions in order to better understand the upside and downside potential. All numbers in this analysis are in EUR.
My summary conclusion from the below analysis is that I believe Deutsche Bank offers an attractive risk/reward.
Consensus forecast
(click to enlarge)
Source
The downward revision in EPS may have bottomed out. (I do not know how updated these consensus forecasts are, and how they are aggregated.)
My forecast
My forecast is aimed to be somewhat conservative in order to test my thesis that Deutsche Bank is an attractive investment.
The forecast is mainly
Complete Story »


Sunday, 21 September 2014, 13:20 GMT
Barron's And Goldman Sachs Say Buy Bank Of America
By Bret Jensen:
It is hard not to notice the improvement with the sentiment around Bank of America (NYSE:BAC) over the last few weeks since their $17 billion dollar settlement with the federal government around mortgages issued largely before the financial crisis.
Earlier in the month Goldman Sachs upgraded the shares to a "Buy" from "Neutral" and boosted their price target on Bank of America by $2 a share noting "Legal costs have obscured much of the fundamental improvement at Bank of America". Goldman also noted that Bank of America trades at ~.8 times book value while less scathed major banks like Wells Fargo (NYSE:WFC) goes for around 1.7 times book value.
In this weekend's Barron's, in a profile piece the weekly industry standard magazine postulated the bank shares could shoot up more than 50% over the next few years. The article notes that earnings currently at 75 cents a share could move
Complete Story »


Sunday, 21 September 2014, 11:04 GMT
Morgan Stanley: A Top Brokerage Getting Back Into Commodities
By Marshall Hargrave:
Morgan Stanley (NYSE:MS) has quietly working on plans to build and manage one of the first compressed natural gas export facilities in the U.S. The move marks the bank's re-entry into the physical commodities business.
It has a 23 page app filed with the Office of Fossil Energy at the Department of Energy. It's hoping to build operate a facility for compression and containment of nat gas in Texas. Its capacity could be up to 60 billion cubic feet of CNG annually.
This is Morgan Stanley's attempt to take advantage of its grandfather position as one of the only two Wall Street banks -- the other being Goldman Sachs (NYSE:GS) -- to be permitted to own/operate manufacturing and storage infrastructure dedicated to raw materials.
Morgan Stanley also has a focus on equities, compared to fixed income. That's a big positive considering the stock market is at all time highs. And
Complete Story »


Sunday, 21 September 2014, 4:01 GMT
Annaly Capital: The Waiting Game
By Regarded Solutions:
As Yogi Berra once said: "it's like deja vu all over again." Annaly Capital (NYSE:NLY), along with other mortgage REITs, took a bit of a hit while investors waited for the Fed to finally illuminate its wording on short-term interest rates. It is now official -- ZIRP (zero interest rate policy) will be with us for quite some time.
The waiting game is reminiscent of when the Fed announced that it would begin "tapering" of quantitative easing, but the affect has not been quite as dramatic on the share price.
The Fed and Janet Yellen have made it clear that the very words that all the back-and-forth bantering had been about will be with us for a considerable amount of time. Steve Liesman of CNBC asked Yellen during her policy statement and press conference a very direct question pertaining to precisely that terminology:

Thank you. Chair Yellen, there was some

Complete Story »


Sunday, 21 September 2014, 3:49 GMT
Is Two Harbors Superior To Annaly And American Capital?
By Christopher F. Davis:
Most of my readers know that I believe that mREITs hold a rightful place as a small allocation in one's dividend/income portion of their portfolio. I have often covered in detail Annaly Capital (NYSE:NLY) and American Capital Agency (NASDAQ:AGNC). However, I am often asked about one of their main competitors, and to date I have yet to opine. The company in question is Two Harbors Investment Corporation (NYSE:TWO).
Much like American Capital and Annaly, Two Harbors is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights (MSR) and other financial assets. Unlike Annaly, however, Two Harbors lacks diversification into commercial mortgage backed securities and related commercial assets. Two Harbors has maintained a residential mortgage backed securities approach. In this article, I will discuss, compare and contrast the major metrics that I look for in quantifying the health of an mREIT, including earnings,
Complete Story »


Sunday, 21 September 2014, 0:44 GMT
Should Bank Of America Be A Core Holding Now?
By Regarded Solutions:
Now that I have joined the Bank of America (NYSE:BAC) shareholder "fan club," I have been looking for signs that a breakout to the upside in share price is imminent. Since the bank has finally put the most distressing headwinds behind it, CEO Brian Moynihan can refocus his attention to the brand and the business rather than the Department of Justice.
At the same time, bank regulators approved a 400% increase in the banks' dividends as of now, and with all of this behind them, I feel that a consistent increase of dividends such as the ones Wells Fargo (NYSE:WFC) has had, could be on the horizon.
Does that mean I will place BAC as a core holding in my portfolio for retirement? Not exactly.
The Evidence Is Now Tilting Towards The Bank's Favor
I am not suggesting that BAC is out of the woods. After all, the size of
Complete Story »


Sunday, 21 September 2014, 0:14 GMT
This Cash Cow High-Dividend Stock Yields 6.7%-Plus And Goes Ex-Dividend Next Week
By Double Dividend Stocks:
Know anyone who has been hunting for an apartment lately? Chances are, you'll hear complaints about rising rents. Ever since the recession, apartments have been in strong demand, which has pushed average US national vacancy rates down from around 11% in 2009 to around 8%. Some areas, such as the West Coast and the Northeast, have much lower vacancy rates of 5.8%:
(Source: US Census Bureau)
This week's focus stock, Apartment Investment and Management Company (NYSE:AIV) is a real estate investment trust. The firm primarily engages in the acquisition, ownership, management and redevelopment of apartment properties in the United States. The firm was founded on January 10, 1994, and is headquartered in Denver, Colorado.
We found several things attractive about AIV. For starters, it's moving its real estate portfolio more toward the higher rent coastal areas, and it's steadily replacing its lower-renting properties with higher rent ones, which improves
Complete Story »


Saturday, 20 September 2014, 8:35 GMT
Dynex Capital Pays 12% Dividend Yield And Earns A Recommended Buy And Hold
By Tom Dorsey:
On September 17 2014, the Board of Directors of Dynex Capital Inc (NYSE: DX) declared a quarterly dividend of $0.25 per common share for the third quarter of 2014 payable on October 31, 2014 to shareholders of record on October 3, 2014. There is no dividend reinvestment discount for third quarter dividends reinvested through the Company's Dividend Reinvestment and Share Purchase Plan.
Dynex Capital is an internally managed mortgage real estate investment trust (mREIT). I like Dynex as a double digit producer of the dividend yield, which is near 12%. Dynex has 54 million shares and a market cap of $454 million. The P/E is 419.0 based on an EPS of $0.02 from the second quarterly report. As Dynex paid a $0.25 dividend for each of the first and second quarters, the book value price has climbed from $8.69 at the end of 2013, to $8.87 at the
Complete Story »


Saturday, 20 September 2014, 1:58 GMT
American Capital Agency Yields 11.75%; It Is An Excellent Income Investing Strategy
By Dividends#1:
Introduction:
Today's volume is about 3x the 10 day average volume. American Capital Agency Corp. (NASDAQ:AGNC) is down 6.7% from its recent high on 9/5/2105. In my opinion, this sell-off is unjustified. I see this as AGNC going on sale. I have increased my position substantially. I continue to buy in lots as the market panics and shakes out the weak hands. The interest rates will eventually rise. I believe management is well-prepared for the eventual rise in interest rates. No one knows exactly when it will happen and it might take longer than most expect. I suspect it will stay lower longer than most think. This is my contrarian point of view.
AGNC just declared their Q3 2014 dividend:

American Capital Agency Corp. Declares Third Quarter Dividend of $0.65 Per Share

BETHESDA, Md., Sept. 18, 2014 /PRNewswire/ -- American Capital Agency Corp. (NASDAQ: ) ("AGNC" or the "Company") announced

Complete Story »


Saturday, 20 September 2014, 1:12 GMT
BlackRock Kelso Capital: BDC Risk Profiles
By BDC Buzz:
This is a series of articles to assess risk for the 26 BDCs that I cover and a follow up to my other "BDC Risk Profile" articles. There are many reasons why assessing risk for BDCs is important, including expected returns, valuations, and the potential loss of capital during an economic downturn or general business cycle. I use "relative risk rankings" in many of my articles for valuation purposes, because I believe BDCs should be measured on projected risk vs. return. This series will take into account new metrics, and I will be adjusting my rankings accordingly, as well as updating my suggested "risk averse" BDC portfolio.
The following are some of the indicators of risk and portfolio quality that I will be discussing in this series:
  • General portfolio mix and yield
  • Portfolio debt-to-EBITDA
  • Average investment size and portfolio concentration risk
  • BDC leverage vs. portfolio mix
  • NAV

Complete Story »


Friday, 19 September 2014, 22:24 GMT
Huntington Strengthens Midwest Ties With Acquisitions
By Chris Katje:
Huntington Bancshares (NASDAQ:HBAN) continues to be one of the biggest banking companies in the Midwest. With bank branches in Michigan, Ohio, Pennsylvania, Indiana, West Virginia, and Kentucky, the six state banking company has more than 700 branches for its customers. That regional stronghold just got a little bit stronger with recent 2014 acquisitions.
On Tuesday, Huntington Bancshares closed its acquisition of 24 Michigan branches from rival banking company, Bank of America (NYSE:BAC). The acquisition adds 24 branches in two separate deals, more than $750 million in deposits, and increases the reach of Huntington in the state. Most important, the deal brings new markets of Flint, Monroe, and Saginaw to Huntington. With the deal, Huntington will now have 184 branches in Michigan.
The Michigan branch figures includes 40 locations inside Meijer stores, through a partnership with the giant private retailer. I discussed this along with a federally assisted takeover of
Complete Story »


Friday, 19 September 2014, 19:26 GMT
Square 1 Financial Has Been A Slow And Steady Mover But Should See Quicker Growth In Q3 And Q4
By Dallas Salazar:
I don't know that I can say I've been disappointed with Square 1 Financial, Inc. (NASDAQ:SQBK) and its performance since I got long the shares shortly after its IPO, but I can say I had expected bigger things. Since initiating coverage on 4/17/2014 the shares are up a volatility free 8.3% which is more than the macro markets can say from a performance and from a volatility standpoint, but I was thinking this stock had the potential to end the year in the +30% range. Maybe it still does as the company just finished reporting a knockout first half of 2014 but it has some ground to cover in the final three months of the year.
This continuing coverage article will discuss the stellar first half that SQBK has reported and will discuss the risks and rewards of owning this stock into the next 6-12 months. This article will make
Complete Story »


Friday, 19 September 2014, 17:18 GMT
Update: American Capital Agency Keeps Dividend Intact
By Albert Alfonso:
American Capital Agency (NASDAQ:AGNC) just declared its dividend for Q3 2014. The company will be paying $0.65 per share, inline with last quarter. The dividend is payable on October 27, 2014 to common shareholders of record as of September 30, 2014, with an ex-dividend date of September 26, 2014. At current prices, American Capital's forward yield is around 11.50%.
This level of dividend income seems to be quite sustainable for American Capital. The company has now declared four straight quarterly dividends at the $0.65 per share rate. Furthermore, as I noted in an earlier article, is paying out well under what is generating from operations. Last quarter, the company posted net spread plus dollar roll income of $0.87. While REITs normally are required to pay out a large majority of taxable earnings, American Capital does have some wiggle room via some prior year loss carry-forwards.
Looking ahead, I remain
Complete Story »


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