Brocade Communications - Strong End To Its Fiscal 2012 Gives ...

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

Shares of Brocade Communications (BRCD) rose more than 3% over the past trading week. The supplier of networking equipment reported its fourth quarter results last Monday which were well received by the market.

Fourth Quarter Results

Brocade Communications reported fourth quarter revenues of $578.3 million, up 5% on the year before. Revenues comfortably beat analysts consensus of $566 million.

Gross margins for the quarter rose 290 basis points to 62.4% on strong revenue growth, lower fixed costs and a favorable product mix. GAAP operating margins rose 500 basis points to 14.9% on higher gross margins and lower operating expenses.

The company reported GAAP net income of $54 million, compared to a loss of $4 million last year. GAAP earnings per share came in at $0.11 per share, compared to a loss of a penny last year. Non-GAAP earnings per share rose a penny to $0.17 per share, beating analysts consensus by three cents.

During the quarter, Brocade repurchased 11.2 million shares for a total consideration of $60 million.

CEO Michael Klayko commented on the results, "Q4 was an excellent quarter for Brocade and a strong ending for fiscal 2012 during which we established a number of company records including revenue, net income, and operating cash flow. Our product portfolio across all areas of our business is the strongest it has ever been and we are driving industry transformation in emerging areas of growth including virtualized data center, cloud computing, and software-defined networking."

Valuation

Brocade ended its fiscal 2012 with $713 million in cash, equivalents and short term investments. The company operates with $601 million in short and long term debt, for a net cash position of $108 million.

Brocade generated annual revenues of $2.24 billion. On a GAAP basis, the company net earned $195 million, or $0.41 per diluted share.

The market currently values Brocade Communications at $2.58 billion, which values operating assets at $2.47 billion. This values the business at 1.1 times annual revenues and 12-13 times annual earnings.

Brocade currently does not pay a dividend.

Some Historical Perspective

Year to date, shares of Brocade Communications have returned almost 9%. Shares started the year around $5.20 per share and quickly advanced to $6 in February. Shares hit lows of $4.50 during the summer and are currently exchanging hands around $5.60 per share.

Trading as high as $10 in 2007, shares fell to lows just above the $2 mark in the beginning of 2009. Shares recovered all the way back to $9 later that year, but have fallen back ever since. Between its fiscal 2009 and 2012, Brocade reported total revenue growth of 15% to $2.24 billion. The company turned a $83 million loss in 2009 into a $195 million profit this year.

Investment Thesis

Brocade Communications continues to create shareholder value, even though long term shareholders have lost a quarter of their value over the past five years. Shares hardly spiked up this year, despite the fact that the company reported record annual revenues and earnings. The stronger balance sheet, allows the company to continue to repurchase shares, thereby driving earnings per share growth.

The combination of a stagnant share price and continued operational strength has brought earnings multiples down to 12-13 times annual earnings. In its earnings conference call, Brocade points out that the first quarter guidance is conservative. Brocade continues to see uncertainty in Europe and the US with the fiscal cliff discussions continuing to go on.

The strong operational performance and improving balance sheet strength, accompanied with fair valuation multiples makes shares more appealing with time. I think shares are conservatively valued, but a strong first quarter earnings beat could trigger an upside move.

Source: http://seekingalpha.com/article/1027151-brocade-communications-strong-end-to-its-fiscal-2012-gives-confidence-for-the-future

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Preventing Childhood Obesity with Natasha Brown and Chi Chi ...

Nov 26th 2012 at 11:50AM

Did you know that in 2008, more than one third of children and adolescents were overweight or obese? According to Centers for Disease Control and Prevention, the percentage of children in the United States between the ages of 6?11 years old who were obese increased from 7% in 1980 to nearly 20% in 2008.

Some long term effects of childhood obesity include heart disease, kidney failure, cancers etc. Although the facts are astonishing, childhood obesity can be prevented. PR and Media mogul Natasha Brown of Think Brown Ink. hopes to prevent childhood obesity with her event MOVIN!

MOVIN!

(r) Reesa Renee

Last week, Think Brown Ink teamed up with Sports Zone in Forestville Maryland to present a family fashion and music event called MOVIN! Co-hosted by Soul Singer Reesa Renee, MOVIN! provided the community with a discussion on childhood obesity and preventative exercises.

Fashion Show Pics:

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?We got to move everyday?, were the words sang by the nine year old rising star Chi Chi Monet. Chi Chi performed her newest single Move, a song inspiring children to get up, exercise and eat right.

Check out a clip of Chi Chi Monet?s performance below:

MOVIN! was an awesome event. Encouraging children and parents to take better care of themselves and their health.

(l-r) Natasha Brown and Kia Renee

For more information on MOVIN! check out Think Brown Ink on?Facebook and Twitter. ?

Also Check Out

Source: http://www.glamourina.com/feature/2012/11/preventing-childhood-obesity-with-natasha-brown-and-chi-chi-monet

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Fire kills 112 workers at Bangladesh garment-maker

DHAKA, Bangladesh (AP) ? Fire raced up the floors of a Bangladeshi garment factory with no emergency exits, killing at least 112 people, some of whom jumped from the eight-story building where they made clothes for major global retailers.

Investigators suspect that a short circuit caused the fire Saturday night outside the capital, Dhaka, said Maj. Mohammad Mahbub, fire department operations director.

The factory is owned by Tazreen Fashions Ltd., a subsidiary of the Tuba Group, which makes products for Wal-Mart, IKEA and other companies in the U.S. and Europe.

Wal-Mart says it previously stopped working with nearly 50 Bangladeshi factories because of fire danger. An assessment of Tazreen conducted for the retailer last year rated the company as a "high risk," but Wal-Mart said Monday it did not know whether it was still buying products made at the factory.

Firefighters recovered at least 100 bodies from the factory and 12 more people died at hospitals after jumping from the building to escape the fire, Mahbub told The Associated Press on Sunday.

"Had there been at least one emergency exit through outside the factory, the casualties would have been much lower," Mahbub said.

Local media reported that up to 124 people were killed.

Army soldiers and border guards were helping keep order as thousands of onlookers and anxious relatives of the factory workers gathered, Mahbub said.

Relatives of the workers frantically looked for their loved ones. Sabina Yasmine said she saw the body of her daughter-in-law, but had seen no trace of her son, who also worked there.

"Oh, Allah, where's my soul? Where's my son?" wailed Yasmine, who works at another factory in the area. "I want the factory owner to be hanged. For him, many have died, many have gone."

Neither Tazreen's owner nor Tuba Group officials could be reached for comment.

Tazreen was given a "high risk" safety rating after a May 16, 2011, audit conducted by an "ethical sourcing" assessor for Wal-Mart, according to a document posted on the Tuba Group's website. It did not specify what led to the rating.

Wal-Mart spokesman Kevin Gardner said online documents indicating an orange or "high risk" assessment after the May 2011 inspection and a yellow or "medium risk" report after an inspection in August 2011 appeared to pertain to the factory. The August 2011 letter said Wal-Mart would conduct another inspection within one year.

Gardner said it was not clear if that inspection had been conducted or whether the factory was still making products for Wal-Mart. If a factory is rated "orange" three times in two years, Wal-Mart won't place any orders for one year. The May 2011 report was the first orange rating for the factory.

"Our thoughts are with the families of the victims of this tragedy," the retailer said in a statement. "While we are trying to determine if the factory has a current relationship with Wal-Mart or one of our suppliers, fire safety is a critically important area of Wal-Mart's factory audit program and we have been working across the apparel industry to improve fire safety education and training in Bangladesh."

The Tuba Group is a major Bangladeshi garment exporter whose clients also include Carrefour and IKEA, according to its website. Its factories export garments to the U.S., Germany, France, Italy and the Netherlands, among other countries. The Tazreen factory, which opened in 2009 and employed about 1,700 people, made polo shirts, fleece jackets and T-shirts.

Bangladesh has some 4,000 garment factories, many without proper safety measures. The country annually earns about $20 billion from exports of garment products, mainly to the U.S. and Europe.

In its 2012 Global Responsibility report, Wal-Mart said that "fire safety continues to be a key focus for brands and retailers sourcing from Bangladesh." Wal-Mart said it ceased working with 49 factories in Bangladesh in 2011 because of fire safety issues, and was working with its supplier factories to phase out production from buildings deemed high risk.

Mahbub said the fire broke out on the ground floor, which was used as a warehouse, and spread quickly to the upper floors. Many workers who retreated to the roof were rescued, he said. But he said that with no emergency exits leading outside the building, many victims were trapped, and firefighters recovered 69 bodies from the second floor alone.

"The factory had three staircases, and all of them were down through the ground floor," Mahbub said. "So the workers could not come out when the fire engulfed the building."

Many victims were burned beyond recognition. The bodies were laid out in rows at a school nearby. Many of them were handed over to families; unclaimed victims were taken to Dhaka Medical College for identification.

Prime Minister Sheikh Hasina expressed shock at the loss of so many lives.

The Bangladesh Garment Manufacturers and Exporters Association said it would stand by the victims' families and offered 100,000 takas ($1,250) to each of the families of the dead. The association's acting president, Siddiqur Rahman, said on a late-night talk show early Monday that Tazreen's owner was to meet with group representatives later in the day.

"We will discuss what other things we can do for the families of the dead," Rahman said on Rtv, a private television station. "We are worried about what has happened. We hope to discuss everything in detail in that meeting."

Source: http://news.yahoo.com/fire-kills-112-workers-bangladesh-garment-maker-012108935--finance.html

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Economic calendar of Latvia. November 26 ? 30, 2012 | Baltic News ...

Monday, November 26:

-Bank of Latvia organizes a meeting of the working group responsible for payment issues.

-Business seminar at the Islande Hotel ? ?New export markets?. Organized by the UniCredit Bank and Kapit?ls magazine in collaboration with Foreign Ministry and dedicated to expanding export to Kazakhstan and other countries of Eastern Asia.

-Finance Minister meets with representatives of the mission of post-program supervision of international creditors.

-Kipsala International Exhibition Centre holds the ?Woodworking. Machinery. Technologies. Tools 2012? exhibition.

-Riga holds China?s Business Forum. As part of the forum, Radisson Blue Hotel Latvia holds the main panel discussion ?China and perspectives of global economy.?

Tuesday, November 28:

-Swedbank and Riga City Council announce the winners of the second stage of the Atsp?riens (Take-off) contest.

-Specialists of the Agriculture Ministry meet with Hungary?s embassy advisor in economic issues Laszlo Soldatish.

-A discussion is held at the University of Latvia ? ?Internet, social media and identity ? did the digital era create a new generation??

-The Central Statistical Bureau of Latvia reports the data on the changes in construction costs in October 2012.

-Finance Minister Andris Vilks and Finance Ministry?s parliamentary secretary Karina Korna are in Paris with a working visit.

-Agriculture Minister Laimdota Straujuma partakes in the meeting of EU agriculture and fishery ministers in Brussels (Belgium).

Wednesday, November 28:

-Meeting of the Social Services Regulation Commission.

-Agriculture Ministry holds an annual conference of the Latvian association of industrial manufacturers of hemp. The institution also holds the meeting of the Council of the Fishery Fund.

- The Stockholm School of Economics holds the cycle of public meetings of the National Council of Electronic Mass Media regarding the future of social mass media.

-Finance Ministry organizes a seminar at the State Revenue Service for enterprises regarding changes of the non-finance sector in relation to Euro adoption.

Thursday, November 29:

-Albert Hotel holds the presentation of the research carried out by Delna association and Advetsus legal firm ? ?Organizational structure of the Social Affairs Commission and its functions in the area of electro- and heat energy.?

-The State Revenue Service holds a seminar for state institution employees regarding Euro adoption.

-Kipsala International Exhibition Centre holds the Tech Industry 2012 exhibition, as well as the Industrial Riga business forum.

Friday, November 30:

-Radisson Blu Hotel Latvia holds the 14th annual conference of enterprises that are part of the Latvian Association of Information and Communication Technologies.

-A free seminar ? ?News in the sphere of cargo transport? ? is held in the building of the Autotransporta direkcija.

-The Central Statistical Bureau of Latvia reports data on the changes in salaries in Q3 of 2012 and retail trade turnover in October 2012.

-An award ceremony dedicated to the ?Golden rapeseed? contest. Agriculture Minister Laimdota Straujuma will participate.

Ref: 017.109.109.4925

Source: http://bnn-news.com/economic-calendar-latvia-november-26-30-2012-82013

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HP hit with civil securities lawsuit over Autonomy deal

Country music titan Dolly Parton is anything but shy.In an exclusive interview with "Nightline," Parton dished about her love life (including those rumors that she is secretly gay), losing a drag queen lookalike contest and building a multimillion-dollar entertainment empire.Watch the full story on "Nightline" tonight at 11:35 p.m. ETIn her long reign as a country music legend, Parton, now 66, has done it all. In her new motivational memoir, "Dream More," which will be released on Nov. 27, Parton talks about growing up dirt poor in Sevierville, Tenn., in a cabin with 11 siblings. ...

Source: http://news.yahoo.com/hp-hit-civil-securities-lawsuit-over-autonomy-deal-195952897.html

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Division races taking shape

As the NFL heads into December, nearly every division race has an outright favorite. Some ? Denver, Atlanta, New England, Houston and Baltimore ? are on the verge of clinching playoff spots.

The Broncos, Falcons, Ravens, Texans and Patriots took big steps toward making the postseason with victories this week. Denver in the AFC West and Atlanta in the NFC South both have four-game leads after tight road wins Sunday, while Baltimore went to overtime to secure a three-game margin in the AFC North.

Houston and New England did their work on Thanksgiving Day to grab three-game cushions in the AFC South and East, respectively. San Francisco's victory and a loss by Seattle pushed the 49ers' edge to 2? games in the NFC West. The New York Giants are up two games in the NFC East and dropped Green Bay to one game behind Chicago in the NFC North. Bears-Packers is the only truly close chase through 11 games.

Denver (8-3) had it much tougher than expected at Kansas City (1-10), but rallied for its sixth straight win as Peyton Manning threw for 285 yards and two touchdowns.

"It's a division opponent; you have to win," Broncos cornerback Champ Bailey said. "You have got to win those games. It is what is going to prepare you for the playoffs."

Manning hit tight end Jacob Tamme late in the first half and wide receiver Demaryius Thomas in the third quarter for scores, and that was more than enough to overcome three field goals by the Chiefs' Ryan Succop as Kansas City lost its eighth straight. Knowshon Moreno added 85 yards rushing in place of Willis McGahee, who went on injured reserve this week with a knee injury.

Jamaal Charles ran for 107 yards for the Chiefs.

The victory, combined with San Diego's 16-13 home loss to Baltimore, put the Broncos in position to win the division next week.

"We have to keep going," Thomas said. "Our goal is to keep winning and get to the big game."

Atlanta (10-1) edged Tampa Bay 24-23 as Matt Ryan threw for 353 yards and overcame two big turnovers by leading another late touchdown drive. Ryan teamed with Julio Jones on an 80-yard TD in the third quarter, but needed Michael Turner's 1-yard TD run with 7:55 left to win.

Connor Barth missed a 56-yard goal for Tampa Bay (6-5) in the closing minutes, and the Bucs' four-game winning streak ended.

"Ten-and-1 is great, but I'll tell you what I've said since the beginning of the season: We're just jockeying for position," tight end Tony Gonzalez said. "We just want to put ourselves in the best position, playing the best football. Right around this time is when you want to start jelling as a team and take it on into the playoffs because that's the most important thing."

Elsewhere Sunday, it was San Francisco 31, New Orleans 21; the Giants 38, Green Bay 10; Chicago 28, Minnesota 10; Indianapolis 20, Buffalo 13; Cincinnati 34, Oakland 10; Cleveland 20, Pittsburgh 14; Miami 24, Seattle 21; St. Louis 31, Arizona 17; and Jacksonville 24, Tennessee 19.

On Thursday, Houston won at Detroit 34-31 in overtime; New England routed the New York Jets 49-19; and Washington beat Dallas 38-31.

Monday night, it is Carolina (2-8) at Philadelphia (3-7).

___

RAVENS 16, CHARGERS 13 OT

At San Diego, the Ravens pulled off a fourth-and-29 conversion to stay alive, then Justin Tucker kicked a 38-yard field with 1:07 left in overtime to complete a stunning comeback.

San Diego (4-7) led 13-3 on Nick Novak's 30-yard field goal and seemed headed for its first win against a team with a winning record this season. But Ray Rice caught a short pass from Joe Flacco and weaved through the defense to the San Diego 33 with 1:37 to play. After a review, the ball was moved back to the 34 and the refs measured. The new spot gave the Ravens a first down by the length of the ball.

Six plays later, Tucker kicked a 38-yard field goal to tie the game as regulation expired.

The Ravens (9-2) won their fourth straight and for the eighth time in nine games.

49ERS 31, SAINTS 21

At New Orleans, the San Francisco defense stymied Drew Brees and ended the Saints' three-game winning streak. Ahmad Brooks and Donte Whitner each returned interceptions for touchdowns and the 49ers (8-2-1) sacked Brees five times.

Colin Kaepernick ran for one score that he made look easy and threw for a touchdown in another performance that validated coach Jim Harbaugh's decision to start him ahead of Alex Smith.

Brees finished with 267 yards and three TDs for New Orleans (5-6).

GIANTS 38, PACKERS 10

At East Rutherford, N.J., Eli Manning threw for three touchdowns, giving him 200 for his career, a team record, and New York sacked Aaron Rodgers five times.

Coming off their bye, the Giants (7-4) put to rest concerns about a dormant offense and a tired arm for Manning. He connected with rookie Rueben Randle, Victor Cruz and Hakeem Nicks for scores, and Ahmad Bradshaw had a combined 119 yards, including a 59-yard sprint on a screen pass to begin the onslaught.

Mathias Kiwanuka had two of the sacks as Rodgers never got comfortable. Green Bay (7-4) had its five-game winning streak snapped.

FALCONS 24, BUCCANEERS 23

At Tampa, Fla., Matt Ryan threw for 353 yards and overcame two big turnovers by leading another late touchdown drive to end Tampa Bay's four-game winning streak.

Michael Turner's 1-yard TD run put Atlanta ahead for good with 7:55 left. Connor Barth missed a 56-yard goal for Tampa Bay (6-5) in the closing minutes, and Josh Freeman's desperation pass fell incomplete in the end zone with no time remaining.

The win enabled the Falcons (10-1) to keep pace with Houston for the NFL's best record.

BEARS 28, VIKINGS 10

At Chicago, Jay Cutler threw for 188 yards and a touchdown after missing a game because of a concussion as Chicago (8-3) ended a two-game losing streak.

The Bears grabbed a 25-3 halftime lead thanks to Cutler's pinpoint passing. The defense held Adrian Peterson in check early on, although he finished with 108 yards rushing for Minnesota (6-5).

The win could prove costly. The Bears lost wide receiver Devin Hester (concussion), running back Matt Forte (ankle), cornerback Charles Tillman (ankle) and both starting guards to injuries.

BRONCOS 17, CHIEFS 9

At Kansas City, Mo., Peyton Manning threw for 285 yards and two touchdowns, and Denver (8-3) rallied for its sixth straight win.

Manning hit tight end Jacob Tamme late in the first half and wide receiver Demaryius Thomas in the third quarter, and that was more than enough to overcome three field goals by the Chiefs' Ryan Succop as Kansas City lost its eighth straight game.

Jamaal Charles ran for 107 yards for the Chiefs (1-10), who haven't scored a touchdown since the first quarter against Pittsburgh on Nov. 12, a span of more than 11 quarters and 173 minutes of game time.

COLTS 20, BILLS 13

At Indianapolis, T.Y. Hilton scored on a 75-yard punt return and caught an 8-yard TD pass from Andrew Luck. He is the first player in franchise history to score by punt return and pass reception in the same game.

Luck was 20 of 37 for 240 yards with a TD and an interception as Indy improved to 7-4.

Buffalo (4-7) ended its red-zone drought with 11:30 left with a 1-yard TD pass from Ryan Fitzpatrick to Lee Smith. But the Bills moved closer to extending their string of non-playoff seasons to 13.

BENGALS 34, RAIDERS 10

At Cincinnati, Andy Dalton threw three touchdown passes in outdueling Cincinnati's former quarterback, Carson Palmer. BenJarvus Green-Ellis ran for 129 yards and a touchdown against the NFL's most generous defense. He had runs of 48 and 39 yards ? the longest of his career ? to set up scores for the Bengals (6-5).

Palmer had a tough time all-around in his return to Cincinnati, going 19 of 34 for 146 yards with four sacks and an interception.

Oakland (3-8) lost its fourth in a row.

A brawl in the fourth quarter resulted in Oakland's Tommy Kelly and Lamarr Houston and Cincinnati's Andrew Whitworth getting ejected.

BROWNS 20, STEELERS 14

At Cleveland, the Steelers (6-5) committed eight turnovers and third-string quarterback Charlie Batch struggled as the Browns (3-8) beat Pittsburgh for just the second time in 18 games.

Chris Rainey's fumble with 2:25 left was recovered by Cleveland's Phil Taylor to clinch it.

Batch, starting for Pittsburgh because of injuries to Ben Roethlisberger and Byron Leftwich, was picked off three times and the Steelers lost five fumbles, the last on the final play of the game.

Browns rookie quarterback Brandon Weeden sustained a concussion in the final minutes when he banged his head while falling awkwardly after an incompletion. Backup Colt McCoy, who suffered a concussion when the teams met late last season, came in and finished off the win without attempting a pass.

DOLPHINS 24, SEAHAWKS 21

At Miami, Dan Carpenter kicked a 43-yard field goal on the final play, capping a rally by Miami (5-6), which scored 17 points in the last 8:08.

Rookie Ryan Tannehill drove Miami 65 yards in the final 92 seconds to set up the winning kick. He finished 18 for 26 for 253 yards and a score.

Leon Washington returned a kickoff for a touchdown for the eighth time to tie the NFL career record and put Seattle ahead with eight minutes left. Miami answered with an 80-yard drive capped by Tannehill's 29-yard scoring pass to Charles Clay, making it 21-21.

The Seahawks (6-5), who are unbeaten at home this year, lost for the fifth time in six road games.

RAMS 31, CARDINALS 17

At Glendale, Ariz., Janoris Jenkins became the first player in Rams history and the first NFL rookie since 1960 to return two interceptions for touchdowns in the same game and St. Louis (4-6-1) handed the Cardinals (4-7) their seventh loss in a row.

Jenkins' returns of 36 and 39 yards emphatically ended the Rams' streak of five straight games without an opponent turnover. Arizona rookie Ryan Lindley was intercepted four times in his first NFL start.

Sam Bradford had a pair of 37-yard touchdown passes to Lance Kendricks and Chris Givens as the Rams snapped a five-game winless streak. Steven Jackson rushed for 139 yards in 24 carries.

JAGUARS 24, TITANS 19

At Jacksonville, Chad Henne threw two touchdown passes, sparking the NFL's worst offense for the second consecutive week.

The Jaguars (2-9) snapped a seven-game losing streak and were competitive at home for the first time this season.

Henne, making his first start in more than 13 months, found Cecil Shorts III on a 59-yard touchdown play in the third quarter and hooked up with rookie Justin Blackmon for a 7-yard score in the fourth.

The Titans (4-7) cut the lead to 21-19 on Jake Locker's 6-yard pass to Kenny Britt with 4:52 remaining and had the ball with a chance to take the lead. But Russell Allen tipped Locker's pass over the middle, and Dwight Lowery ? back on the field after a five-week absence ? had his first interception of the season.

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

Source: http://news.yahoo.com/division-races-taking-shape-091049774--nfl.html

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Top 4 NYSE Stocks In The Residential Construction Industry With ...

Below are the top residential construction stocks on the NYSE in terms of dividend yield.

MDC Holdings (NYSE: MDC) has a dividend yield of 2.90%. MDC Holdings' shares closed at $34.79 on Friday.

DR Horton (NYSE: DHI) has a dividend yield of 0.80%. DR Horton's shares closed at $19.53 on Friday.

KB Home (NYSE: KBH) has a dividend yield of 0.70%. KB Home's shares closed at $14.60 on Friday.

Lennar (NYSE: LEN) has a dividend yield of 0.40%. Lennar's shares closed at $38.68 on Friday.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tags: Highest Dividend Yield, NYSE, Residential Construction Industry

Posted in: Dividends, Trading Ideas

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Source: http://www.benzinga.com/trading-ideas/dividends/12/11/3116774/top-4-nyse-stocks-in-the-residential-construction-industry-wit

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