New Mexico Stocks

Roswell is one of the most famous cities in the State where a UFO supposedly crashed in 1947. But what really seems out of this world is the beauty of the state itself. Some interesting facts about New Mexico follow:

1. It ranks number 3 in U.S. natural gas production.
2. It ranks number 5 in U.S. oil production.
3. The state is a leader in production of uranium and potassium.
4. Los Alamos research center is a leader in nuclear, solar and geothermal energies research and development.
5. New Mexico’s population is of about 2 million.
6. In 2003 the state cut personal taxes by 40%.
7. The state’s maximum personal income tax is 4.9% for 2008.
8. New Mexico’s corporate franchise tax fee is only $50 a year.
9. The state has film production tax rebate of up to 15% on production expenditures.
10. The state also offers incentives for the aerospace industry.

The following are companies headquartered in New Mexico:

PNM Resources Inc. (PNM) is an energy company that operates mainly through its subsidiaries such as: Public Service Company of New Mexico. The stock has a PEG of 1.8 and it pays a yield of 7.30%.

Emcore Corp. (EMKR) provides semiconductor components for the solar power markets. The stock has a forward PE of 31.

First State Bancorp (FSNM) is a bank that provides services to businesses. The stock pays a yield of 6.60%.

Thornburg (TMA) is a mortgage lender. It renders capital to the housing market. The stock has a forward PE of 1.26. This is a very low cap stock and should therefore be considered very speculative.

Santa Fe Gold Corp (SFEG) is a mining corporation that buys and explores mineral properties. They recently generated negative earnings of one cent per share. This is a very low cap stock and should therefore be considered very speculative.

Alamogordo Financial Corp (ALMG) is a holding company for the Alamogordo Federal Savings bank.

Titan Technologies (TITT) is in the business of licensing technologies, mainly those that involve the construction of tire recycling facilities. They recently generated negative earnings of one cent per share. This is a very low cap stock and should therefore be considered very speculative.

Advanced Optic Elec (ADOT) is a technology company rendering image display and recognition technologies. This is a very low cap stock and should therefore be considered very speculative.

New Mexico Software Inc (NMXC) produces and sells inter based software for the video and audio industries. They recently generated negative earnings. This is a very low cap stock and should therefore be considered very speculative.

Cell Robotics Intl (CRII) makes and sells laser based medical equipment and other scientific instruments. This is a very low cap stock and should therefore be considered very speculative.

Check out stocks from some other states: Hawaii stocks, Alaska stocks, and Oregon stocks.

Author owns TMA.

By Stockerblog.com