Within the global Telecommunications Services Industry
, investors will find equity selections for income, growth and income, and growth. Also, speculative opportunities arise during periods of merger and acquisition activity. Major business segments include wireline, wireless, broadband, and enterprise services. The industry has a history of regulation. In recent years, deregulation has been in vogue, but telecom authorities still make their presence known, from time to time.
The Internet Industry
consists of companies that provide a wide variety of products and services primarily online through their Web sites. Operations include, but are not limited to, search engines, retailers, travel services, as well as dial-up and broadband access services. As product offerings can vary widely within the industry, participants don't all compete with each other.
The Foreign Electronics Industry
is comprised almost exclusively of Japanese companies. These firms, which possess some of the world's oldest and most recognizable brand names, have their roots in the electronics business. But many, during the boom times of the 1980s, acquired entertainment outfits in order to benefit from the marriage between consumer content and audio-visual hardware and software. The companies here are a diverse mix, marketing everything from copy machines, digital cameras and flat-panel televisions to power plants and blockbuster Hollywood-style movi
The Shoe Industry
consists of a multitude of footwear manufacturers, wholesalers, and retailers. The major wholesalers in the U.S. market are owners of a brand name and typically source their shoes from independent manufacturers. The retail segment of the industry ranges from owners of large multinational chains to small local businesses. Many shoe companies operate in both the retail and wholesale arenas. Shoe companies covered by Value Line generally adhere to the standard industrial page format.
The Automotive Industry
is comprised primarily of the world’s largest passenger automobile
and light truck
manufacturers. Through broad dealership networks, most members of the industry sell vehicles in the global market. The manufacturers offer a variety of makes and models, though there tends to be limited brand integration at the marketing, advertising, and dealership levels.
The Entertainment Technology Industry consists of a wide variety of companies that provide products and services used in electronic devices and by entertainment firms.
The Advertising Industry is divided into two types of marketing services companies: large international ad agency groups and other domestic-focused entities.
The Beverage Industry is a mature sector that includes companies that market nonalcoholic and alcoholic items. Since growth opportunities are limited, many members of the industry endeavor to diversify their offerings to better compete and gain share. Too, they may pursue lucrative distribution arrangements and/or acquisitions to expand their operations and geographic reach.
The Medical Supplies Industry is essentially a growth industry. Value Line divides the group into Medical Supplies Invasive and Medical Supplies Non Invasive. Medical Supplies companies manufacture and distribute a broad range of items, from surgical and dental instruments to elective laser surgery equipment to orthopedic products. The two major classes of customers served are hospitals and doctors offices.
The Financial Services (Diversified) Industry consists of a collection of companies that offer a wide variety of products and services. Asset managers and credit card companies are the two largest groups within the industry, but after that, little commonality exists. Thus, it is important not to paint the industry with too narrow an investment brush.