10 Best Cheapest Stocks To Invest In 2014

The best thing about the stock market is that you can make money in either direction. Historically, stock indexes have tended to trend up over the long term. But when you look at individual stocks, you’ll find plenty that lose money over the long haul. According to hedge fund institution Blackstar Funds, even with dividends included, between 1983 and 2006, 64% of stocks underperformed the Russell 3000, a broad-scope market index.

A large influx of short-sellers shouldn’t be a condemning factor to any company, but it could be a red flag from traders that something may not be as cut-and-dried as it appears. Let’s look at three companies that have seen a rapid increase in the number of shares sold short and see whether traders are blowing smoke or if their worry has some merit.

Company

10 Best Cheapest Stocks To Invest In 2014: Ramelius Resources Ltd (RMS)

Ramelius Resources Limited is engaged in exploration, mine development, mine operations, the sale of gold and milling services. The Company operates in three segments: Exploration, Burbanks, and Mt Magnet. The Company’s exploration project includes Mt Magnet Project, Mt Windsor Joint Venture, Nevada Project, Vivien Project and Coogee Project. The Mt Magnet gold project is located 600 kilometer north of Perth in the Murchison Goldfield of the Western Australian Yilgarn Craton. The Western Queen South project is located 90 kilometer north-west of Mt Magnet. The Burbanks Treatment Plant is located 8 kilometer south of the town of Coolgardie and 65 kilometer from the Wattle Dam Gold Mine. The Vivien gold deposit is located near the Agnew Gold Mine, west of the town of Leinster in Western Australia. The Coogee gold deposit is located on mining lease 26/477, 23 kilometer east northeast of Kambalda. In October 2013, the Company acquired Vivien gold project. Advisors’ Opinion:

  • [By Namitha Jagadeesh]

    Hermes (RMS) added 2.1 percent to 253.70 euros. The French maker of Kelly bags reported first-half operating profit rose 14 percent to 584.1 million euros ($773.6 million), exceeding the 569 million-euro average estimate of analysts in a Bloomberg survey. It also confirmed its July forecast that sales in 2013, excluding currency swings, will increase more than 10 percent.

10 Best Cheapest Stocks To Invest In 2014: Hancock Holding Company(HBHC)

Hancock Holding Company, a financial holding company, provides various banking and financial services in south Mississippi, Louisiana, South Alabama, and Florida. The company accepts various deposit products that include non-interest bearing demand deposits, NOW account deposits, money market deposits, savings deposits, and time deposits. Its loan portfolio comprises provision of commercial, consumer, commercial leasing, and real estate loans to consumers and small and middle market businesses. Hancock also offers various trust services that include operating as an executor, administrator, or guardian in administering estates; provision of investment custodial services for individuals, businesses, and charitable and religious organizations, as well as investment management services on an agency basis; and trustee services for pension plans, profit sharing plans, corporate and municipal bond issues, living trusts, life insurance trusts, and various other types of trusts cre ated for individuals, businesses, and charitable and religious organizations. In addition, it provides consumer financing services; owns, manages, and maintains real property; offers general insurance agency services; holds investment securities; markets credit life insurance; and engages in discount investment brokerage services, as well as owns approximately 3,700 acres of timber land in Hancock County, Mississippi. The company operates 182 banking and financial services offices and 161 automated teller machines. Hancock Holding Company was founded in 1899 and is headquartered in Gulfport, Mississippi.

Advisors’ Opinion:

  • [By Dividends4Life]

    Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description:

    1. Avg. High Yield Price
    2. 20-Year DCF Price
    3. Avg. P/E Price
    4. Graham Number

    CTBI is trading at a premium to all four valuations above. The stock is trading at a 53.5% premium to its calculated fair value of $29.43. CTBI did not earn any Stars in this section.

    Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:

    1. Free Cash Flow Payout
    2. Debt To Total Capital
    3. Key Metrics
    4. Dividend Growth Rate
    5. Years of Div. Growth
    6. Rolling 4-yr Div. > 15%

    CTBI earned one Star in this section for 1.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. The company has paid a cash dividend to shareholders every year since 1988 and has increased its dividend payments for 33 consecutive years.

    Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:

    1. NPV MMA Diff.
    2. Years to > MMA

    The negative NPV MMA Diff. means that on a NPV basis the dividend earnings from an investment in CTBI would be less than a similar amount invested in MMA earning a 20-year average rate of 3.41%. If CTBI grows its dividend at 1.5% per year, it will never equal a MMA yielding an estimated 20-year average rate of 3.41%.

    Memberships and Peers: CTBI is, a member of the Broad Dividend Achieve

  • [By Eric Volkman]

    Hancock Holding (NASDAQ: HBHC  ) is resolutely sticking to its longtime dividend policy. Matching the same common stock payout it’s distributed since September 2006, the financial services concern has declared a distribution of $0.24 per share. This is to be paid on September 16 to shareholders of record as of September 5.

10 Best Cheapest Stocks To Invest In 2014: Elizabeth Arden Inc.(RDEN)

Elizabeth Arden, Inc., a beauty products company, engages in the manufacture, distribution, marketing, and sale of fragrances, skin care, and cosmetic products to retailers and other outlets worldwide. It offers various fragrance products for men and women, including perfume, colognes, eau de toilettes, eau de parfums, body sprays, and gift sets, as well as bath and body products, such as soaps, deodorants, body lotions, gels, creams, and dusting powders. The company sells its fragrance products under the Red Door, Elizabeth Arden 5th Avenue, Elizabeth Arden green tea, Pretty Elizabeth Arden, Curve, Giorgio Beverly Hills, PS Fine Cologne, White Shoulders, Juicy Couture, Kate Spade New York, John Varvatos, Rocawear, Alberta Ferretti, Halston, Geoffrey Beene, Alfred Sung, Bob Mackie, and Lucky. Its skin care products comprise moisturizers, creams, lotions, and cleansers under the Ceramide, Prevage, Eight Hour Cream, and Visible Difference. The company?s cosmetic products co nsist of foundations, lipsticks, mascaras, eye shadows, and powders in various shades and colors under the Elizabeth Arden brand name. Elizabeth Arden, Inc. sells its products primarily to department and specialty stores, mass retailers, perfumeries, boutiques, distributors, and travel retail outlets, as well as to independent fragrance, cosmetic, gift, and other stores. It also markets and sells its products through its e-commerce site at elizabetharden.com. The company was founded in 1960 and is headquartered in Miramar, Florida.

Advisors’ Opinion:

  • [By Lisa Levin]

    Elizabeth Arden (NASDAQ: RDEN) shares fell 1.66% to touch a new 52-week low of $27.32. Elizabeth Arden’s trailing-twelve-month profit margin is 2.99%.

  • [By John Kell]

    Elizabeth Arden Inc.(RDEN) tempered its expectations for the fiscal year and then said it would withdraw those targets, as the beauty-products company warned of lower sales and a weaker-than-expected holiday season. Shares dropped 21% to $27.18 premarket.

10 Best Cheapest Stocks To Invest In 2014: XO Group Inc (XOXO)

XO Group Inc. (XO Group), formerly The Knot, Inc., is a media and technology company. The Company is engaged in the business of weddings, pregnancy and everything in between, providing young women with the information, products and advice to guide them through the transformative events of their lives. Its family of brands began with the wedding brand, The Knot, and it also include WeddingChannel.com, The Nest, The Bump and Ijie.com. XO Group has its presence in all media from the Web to social media and mobile, magazines and books, and video – and social platforms. XO Group has businesses in online sponsorship and advertising, registry services, ecommerce and publishing.

The Company has a network of Websites under several different brands, TheKnot.com, the wedding Website, WeddingChannel.com, the wedding registry site and wedding vendor review site with nearly 350,000 reviews, TheNest.com, a site for newlyweds and new couples, and TheBump.com, a pre-natal and pregnancy Website. These sites offer content and services tailored to the engaged, newly married, and pregnant audiences. Weddings, nesting, and first-time pregnancy are information-intensive events requiring research, planning, and decision-making.

The sites provides future brides and grooms with databases that draw on thousands of articles about weddings, including planning advice, etiquette, Q&As, real wedding stories, tips on getting engaged, fashion, beauty, grooms, the wedding party, and honeymoons. TheNest.com offers information and resources on merging bank accounts and making dinner, with searchable databases for recipes, home decor, and real estate. For couples who are getting ready for a baby, the same urgent need for information surfaces, which the Company provides at TheBump.com with baby naming tools, nursery decor ideas, and a host of health and development-related information. Each of the content areas offers articles, ideas, hundreds of photo slideshows, and videos, all covering a wide range of styles,! perspectives, budgets, traditions, lifestyles and ethnicities.

Active Community Participation and Social Networking

The community areas on XO Group websites generate member involvement through message boards, blogs, and personalized interactive services. Women who are planning their weddings actively seek forums to exchange ideas and ask questions. The community areas feature 24-hour activity.

User-Generated Content

Through blogs, message boards, and photo-posting features, all XO Group sites feature many forms of user-generated content related to the particular interests of its audience. Recent brides post wedding photos, vendor reviews, and their own wedding advice for future brides. Recent home purchasers post home-buying stories, before and after photos, and photos of their own home decor ideas. Pregnant women post chronicles of their pregnancies, reviews of their doctors, photos of their nurseries, and stories of the ir newborns at key developmental stages.

Interactive Tools

TheKnot.com offers, personalized wedding planning tools, including checklists, budgeters, guest list managers, calendars, and reminder services. An online scrapbook gives users the ability to save favorite dresses, articles, photos, vendors, honeymoons, wedding supplies, and other planning information. After a couple’s wedding day, these personalized tools are automatically converted to its newlywed Website, TheNest.com, to help them organize their new life as a married couple. The guest list manager is used to track thank-you notes, and couples receive an entirely new checklist and budgeter to help them organize their newlywed to-dos and finances. On TheBump.com, it offers checklists, budget tools, a baby name tool, and tools to track everything from ovulation to breastfeeding. These tools are also available on mobile platforms, which provide its users the ability to modify budgets and c heck off tasks from the convenience of their mobile phones. !

The Company offers personal pregnancy and baby websites through TheBump.com. XO Group Websites offers tools to assist with shopping for key elements of a wedding. Its wedding planning sites highlight a searchable bridal gown database with more than 5,000 gown images from over 200 designers, plus searchable databases for bridesmaid, mother-of-the-bride, and flower girl dresses, bridal accessories, engagement and wedding rings and tuxedos. The sites also offer search tools for honeymoon resorts, jewelry, and tabletop products. Local Resource Listings

The local resource areas on XO Group websites provide access to the local wedding market through online regional guides that host nearly 21,000 local vendors who display over 28,000 profiles, highlighting offerings for reception halls, bands, florists, caterers and other wedding-related products and services across 85 local markets in North America.

One-Stop Registry Shopping Service

We ddingChannel.com is the registry site online. Its patented registry aggregation service offers couples and their guests one place to view all their gift registries via a registry system that searches approximately 4.5 million registries from many retail partners, including Macy’s, Crate & Barrel, Williams-Sonoma, Bed, Bath & Beyond, Target, Amazon.com, Tiffany & Co., JCPenney and others. TheBump.com uses the same patented registry aggregation service to focus on baby registries, including Target, Buy Buy Baby, Diapers.com, Pottery Barn Kids and more.

The Company integrates informative content with online shops that feature an array of attendant gifts, favors, and supplies that relate to the wedding itself, as well as apparel, toys, gifts, and other goods for babies. It sells directly to consumers through its integrated shopping destinations, The Knot Wedding Shop, the WeddingChannel Store and The Bump Baby Shop. These online stores offer over 4,000 products, including cocktail napkins, wedding bubbles and bells, candy! and cook! ies, ring pillows, toasting flutes, reception decorations, table centerpieces, goblets and glasses, garters, and unity candles.

Broadband Video Content

The Knot TV is a continuous video stream that includes a range of wedding content, including shows about choosing a creative cake, hiring the videographer, planning dream honeymoons and learning about real weddings across the country. It produces video on demand content for The Knot, The Nest, and The Bump brands, covering everything from wedding fashion to home tours to mommy advice. The Knot TV On Demand provides video content from bridal fashion runway shows for brides to watch when they want, including programs on the trends in dresses, silhouettes, necklines, and accessories. Its video content is also distributed to MSN.com video, YouTube, and Sling Media. The Knot TV also features live programming with limited runs of The Knot LIVE, a weekly magazine format show.

Informative E-ma il

Members of XO Group Websites subscribe to newsletters and e-mail updates, many of which are targeted with information for members in a specific stage of the wedding planning process. Other newsletters and e-mails are focused on specific topics, including honeymoon deals and personalized e-mails containing relevant local information or offers, such as bridal events or dress sample sales. E-mails are also sent to members of The Nest and The Bump with sponsored promotions and information about their stage of pregnancy or the age of their newborn.

Niche Website Network and Sister Sites

The Company also owns and operates a network of targeted websites that offer services of interest to its core audience of engaged couples. These include niche weddings sites such as ChineseWeddingsbyTheKnot.com, BeachWeddingsbyTheKnot.com, GayWeddingsbyTheKnot.com and over 300 other sites tailored to the searched-for wedding destinations and themes. The s ites features local listings, forums, real wedding photos an! d local p! lanning advice.

The Company sells both the national and local editions of The Knot Weddings magazines through newsstands, bookstores, and on its Website, and it distributes local editions of The Bump pregnancy guide to doctors’ offices across the country. It also offers a library of books complementing the content on its lifestages websites.

The Knot Weddings National Magazine

It publishes The Knot Weddings magazine four times a year. It features hundreds of dresses from the industry’s top designers. Also featured is an array of photos of wedding party attire and accessories, including bridesmaid, mother-of-the-bride, and flower girl dresses, as well as veils, shoes, and tuxedos.

The Knot Weddings Local Magazines

It publishes regional wedding magazines semi-annually in 17 markets in the United States. The Knot’s regional magazines combine national editorial content with up-to-date, region-specific inf ormation, including sections featuring real weddings within the market, making these publications a must-have wedding planning companion for engaged couples.

The Bump Magazine

A pocketbook-sized magazine for first-time moms, The Bump magazine features local resources and modern advice from its editors and nationally-recognized experts.

The Company sells both the national and local editions of The Knot Weddings magazines through newsstands, bookstores, and on its Website, and it distributes local editions of The Bump pregnancy guide to doctors’ offices across the country. It also offers a library of books complementing the content on its lifestages Websites. It publishes The Knot Weddings magazine four times a year.

The Company publishes regional wedding magazines semi-annually in 17 markets in the United States. The Knot’s regional magazines combine national editorial content with up-to-date, region-specific informa tion, including sections featuring real weddings within the ! market, m! aking these publications a must-have wedding planning companion for engaged couples.

A pocketbook-sized magazine for first-time moms, The Bump magazine features local resources and modern advice from our editors and nationally-recognized experts. Distributed at no charge through OB/GYN offices in 20 markets nationwide, The Bump magazine is specifically designed to connect first-time parents with the information and resources they need to prepare for a baby. It publishes The Bump magazine semi-annually.

The Company offers a library of up-to-date wedding books authored by itsChief Content Officer Carley Roney and published by divisions of Random House and Chronicle Books. Its first three-book wedding planning series published by Random House’s Broadway Books includes The Knot Ultimate Wedding Planner, The Knot Complete Guide to Weddings in the Real World, and The Knot Guide to Wedding Vows and Traditions. These books feature information on everything a b ride and groom need to know when planning their wedding and includes worksheets, checklists, etiquette, and answers to frequently asked questions. Its gift book series published by Chronicle Books includes The Knot Book of Wedding Gowns, The Knot Book of Wedding Flowers, The Knot Guide for the Mother of the Bride, and The Knot Guide for the Groom. Its second planning series, published by Random House’s Clarkson Potter, includes The Knot Guide to Destination Weddings, The Knot Book of Wedding Lists and The Knot Bridesmaid Handbook.

The Company offers a series of books for The Nest brand published by Clarkson Potter. The first book in the series, The Nest Newlywed Handbook, goes on the topics of interest to the newlywed, from changing its name to deciding how to divide up the daily chores. The second title, The Nest Home Design Handbook, is a four-color, photo-filled book on home decoration and design.

The Company competes with Brides magazine (pu blished by Conde Nast), Bridal Guide (published by RFP LLC) ! and Marth! a Stewart Weddings.

Advisors’ Opinion:

  • [By Wallace Witkowski]

    Shares of XO Group Inc. (XOXO) fell 16% to $10 on light volume after the weddings and pregnancy website operator reported adjusted earnings of 2 cents a share on revenue of $32.6 million, and appointed current president Michael Steib as the new chief executive, replacing David Liu, who will continue on as chairman.

10 Best Cheapest Stocks To Invest In 2014: Fresh Del Monte Produce Inc.(FDP)

Fresh Del Monte Produce Inc., through its subsidiaries, produces, transports, sources, markets, and distributes fresh and fresh-cut fruit and vegetables worldwide. It also offers prepared fruit and vegetables, juices, beverages, snacks, and poultry and meat products. The company provides various fresh-cut fruit products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, kiwi, strawberries, plantains, mangos, and fruit cocktail; and fresh-cut vegetable products primarily consisting of potatoes, onions, bell peppers, and cucumbers, as well as prepared salads, such as coleslaw and potato salad. In addition, Fresh Del Monte Produce engages in ocean freight; and manufacture of plastics and box products comprising bins, trays, bags, and boxes. It offers fresh produce under the DEL MONTE, UTC, and Rosy brands; and prepared fruits and vegetables, juices, beverages, and snacks under the DEL MON TE, Fruit Express, Just Juice, and Fruitini brands. The company markets and distributes its products to retail stores, food clubs, wholesalers, distributors, and foodservice operators. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.

Advisors’ Opinion:

  • [By Lauren Pollock]

    Fresh Del Monte Produce Inc.(FDP) said sales rose in the fourth quarter, driven by a surge in its banana business. The company, however, posted a wider net loss due to higher impairment charges and costs.

  • [By Jake L’Ecuyer]

    Top decliners in the sector included Fresh Del Monte Produce (NYSE: FDP), off 8.8%, and Coca-Cola Company (NYSE: KO), down 3.5%. Shares of Fresh Del Monte tumbled after the company reported weak quarterly earnings.

  • [By Jake L’Ecuyer]

    Top decliners in the sector included Fresh Del Monte Produce (NYSE: FDP), off 6.7%, and Coca-Cola Company (NYSE: KO), down 4%. Shares of Fresh Del Monte tumbled after the company reported weak quarterly earnings.

10 Best Cheapest Stocks To Invest In 2014: OGE Energy Corporation(OGE)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company is involved in the generation, transmission, distribution, and sale of electric energy in Oklahoma and western Arkansas; and gathering, processing, transporting, storing, and marketing of natural gas. It furnishes retail electric service in 268 communities and their contiguous rural and suburban areas. OGE Energy Corp. operates coal-fired and natural gas-fired units, as well as wind-powered units. As of December 31, 2011, the company owned and operated 12 generating stations with an aggregate capability of 6,790 megawatts; and a transmission system comprising 51 substations and 4,258 structure miles of lines in Oklahoma, and 7 substations and 279 structure miles of lines in Arkansas. Its distribution system consisted of 353 substations , 27,854 structure miles of overhead lines, 1,895 miles of underground conduit, and 10,120 miles of underground conductors in Oklahoma, as well as 37 substations, 2,250 structure miles of overhead lines, 212 miles of underground conduit, and 572 miles of underground conductors in Arkansas. The company also owned approximately 6,019 miles of intrastate natural gas gathering pipelines in Oklahoma and Texas; approximately 2,250 miles of intrastate natural gas transportation pipelines in Oklahoma; and 2 underground natural gas storage facilities and 8 operating natural gas processing plants in Oklahoma. It serves residential, commercial, industrial, oilfield, public authorities, and street light operators. OGE Energy Corp. was founded in 1995 and is based in Oklahoma City, Oklahoma.

Advisors’ Opinion:

  • [By GURUFOCUS]

    OGE Energy Corp. (OGE) operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central U.S. Dec. 4, the company increased its quarterly dividend 7.8% to $0.225 per share. The dividend is payable Jan. 30, 2014, to shareowners of record Jan. 10, 2014. The yield based on the new payout is 2.7%.

  • [By Marc Bastow]

    Energy services provider OGE Energy (OGE) raised its annual dividend 7.8% to 90 cents per share, payable on Jan. 30 to shareholders of record as of January 10.
    OGE Dividend Yield: 2.6%

  • [By Chuck Carnevale]

    OGE Energy Corp. (OGE): Another Utility with Slightly Higher Growth

    Our second example, OGE Energy Corp., differs from our first only by virtue of the fact that its earnings growth rate since 1998 has averaged over 5% per annum. Nevertheless, we once again discover that the PE ratio of 15 represents a strong proxy for this company’s valuation. During the short time intervals when price deviates from fair value PE of 15, it doesn’t take long for price to move back into alignment with earnings.

10 Best Cheapest Stocks To Invest In 2014: Inter Parfums Inc.(IPAR)

Inter Parfums, Inc., together with its subsidiaries, develops, manufactures, markets, and distributes a range of fragrances and fragrance related products worldwide. It offers fragrance products primarily under license agreements with brand owners; specialty retail and designer products; alternative designer fragrances and personal care products; Aziza line of eye shadow kits, mascara, and pencils; and a line of health and beauty aids comprising shampoo, conditioner, hand lotion, and baby oil under its Intimate and Johnson Parker brands. The company offers its products under the Burberry, Van Cleef & Arpels, Jimmy Choo, Montblanc, Boucheron, Balmain, Repetto, Gap, Banana Republic, New York & Company, Brooks Brothers, bebe, Nine West, Betsey Johnson, Lane Bryant, Anna Sui, S.T. Dupont, Paul Smith, and Jordache brands under license agreements, as well as Lanvin, Intimate, Aziza, Nickel, Tristar, Regal Collections, Royal Selections, and Apple brands. Inter Parfums, Inc. distr ibutes its products through independent distribution companies and duty-free operators to department stores, perfumeries, specialty retailers, mass-market retailers, supermarkets, and domestic and international wholesalers and distributors. The company was formerly known as Jean Philippe Fragrances, Inc. and changed its name to Inter Parfums, Inc. in July 1999. Inter Parfums, Inc. was founded in 1985 and is headquartered in New York, New York.

Advisors’ Opinion:

  • [By Chuck Carnevale]

    Inter Parfums Inc. (IPAR): Develops, Manufactures and Distributes Prestige Perfumes

    Our final example, Inter Parfums Inc., is an above-average growing small-cap that validates our PE 15 standard, but with a twist. Small-cap. companies tend to carry greater risk than larger capitalization companies. As a result, it is not uncommon to see, as we do with Inter Parfums Inc., an earnings and price correlated graphic with wilder price swings.

10 Best Cheapest Stocks To Invest In 2014: Covanta Holding Corp (CVA)

Covanta Holding Corporation (Covanta), incorporated in April 16, 1992, is a holding company. The Company is a owner and operator of infrastructure for the conversion of waste to energy ( energy-from-waste or EfW), as well as other waste disposal and renewable energy production businesses. Covanta conduct all of its operations through subsidiaries which are engaged predominantly in the businesses of waste and energy services. The Company has one segment which is Americas and consists of waste and energy services operations primarily in the United States and Canada. The Company owns and holds interests in energy-from-waste facilities in China and Italy. The Company also has investments in subsidiaries engaged in insurance operations in California, primarily in property and casualty insurance. In 2011, it sold two landfill gas projects located in California. In May 2011, it acquired a metals processing facility located on its Dade energy-from-waste facility site.

< p>As of December 31, 2011, it owned 85% interest of Taixing Covanta Yanjiang Cogeneration Co., Ltd. It operates and maintains the energy-from-waste facility located in and owned by the City and County of Honolulu, Hawaii. In December 2011, the Company amended the waste disposal agreement with the Union County Utilities Authority to extend their terms from 2023 to 2031 and to increase the Union County Utilities Authority’s waste disposal commitment. The Company’s EfW facilities earn revenue from both the disposal of waste and the generation of electricity, generally under long-term contracts, as well as from the sale of metal recovered during the energy-from-waste process. In the Americas, it processes approximately 19 million tons of solid waste annually. In total, these assets produce over 10 million megawatt hours of baseload electricity annually. The Company operates and/or has ownership positions in 46 energy-from-waste facilities, which are primarily located in Nort h America, and 15 additional energy generation facilities, i! ncluding other renewable energy production facilities in North America (wood biomass and hydroelectric). The Company also operates a waste management infrastructure that is complementary to its core EfW business.

Energy-From-Waste Projects

Energy-from-waste projects have two purposes: to provide waste disposal services, typically to municipal clients who sponsor the projects, and to use that waste as a fuel source to generate renewable energy. The electricity or steam generated by the projects is generally sold to local utilities or industrial customers. The projects are capable of providing waste disposal services and generating electricity or steam. The Company provides these waste disposal services and sell the electricity and steam generated under contracts, which expire on various dates between 2012 and 2034. Many of its service contracts may be renewed for varying periods of time, at the option of the municipal client.

Tehe Compan y’s energy-from-waste projects generate revenue from three main sources: fees charged for operating projects or processing waste received; the sale of electricity and/or steam, and the sale of ferrous and non-ferrous metals that are recycled as part of the energy-from-waste process. Its customers for waste disposal or facility operations are principally municipal entities, though it also markets disposal capacity at certain facilities to commercial and special waste customers. Its facilities sell energy primarily to utilities at contracted rates or, in situations where a contract is not in place, at prevailing market rates in regional markets (primarily PJM, NEPOOL and NYISO in the Northeastern United States).

The Company operates, and in some cases has ownership interests in, transfer stations and landfills, which generate revenue from ash disposal fees or operating fees. In addition, it owns, and in some cases operates, other renewable energy projects in the Americas segment, which generate electricity from wood wast! e (biomas! s) and hydroelectric resources. The electricity from these other renewable energy projects is sold to utilities under contracts or into the regional power pool at short-term rates. For these projects, it receives revenue from sales of energy, capacity and/or cash from equity distributions and additional value from the sale of renewable energy credits.

The Company operates energy-from-waste projects in 16 states and one Canadian province, and are constructing an energy-from-waste project in a second Canadian province. Most of its energy-from-waste projects were developed and structured contractually as part of competitive procurement processes conducted by municipal entities. Its EfW projects can generally be divided into three categories, based on the applicable contract structure at a project: Tip Fee projects, Service Fee projects that the Company owns, and Service Fee projects that it do not own but operate on behalf of a municipal owner. At Tip Fee projects , it receives a per-ton fee for processing waste, and it typically retain all of the revenue generated from energy and recycled metal sales. The Company generally owns or leases the Tip Fee facilities. At Service Fee projects, it typically charge a fixed fee for operating the facility, and the facility capacity is dedicated either primarily or exclusively to the host community client, which also retains the majority of any revenue generated from energy and recycled metal sales. The Company also owns and/or operates 13 transfer stations and four ash landfills in the northeast United States, which it utilizes to supplement and manage more efficiently the fuel and ash disposal requirements at its energy-from-waste operations. The Company provides waste procurement services to its waste disposal and transfer facilities which have available capacity to receive waste.

Biomass Projects

The Company owns and operates seven wood-fired generation facilities a nd have a 55% interest in a partnership which owns another w! ood-fired! generation facility. The Company’s six facilities are located in California, and two are located in Maine. The combined gross energy output from these facilities is 191 megawatts. The Company generates income from its biomass facilities from sales of electricity, capacity, and where available, additional value from the sale of renewable energy credits. These facilities sell their energy output into local power pools or to local utilities at rates that are either fixed or float with the market.

Hydroelectric

The Company owns a 50% interest in two small run-of-river hydroelectric facilities located in the State of Washington, which sells energy and capacity to Puget Sound Energy under long-term energy contracts. The Company has a nominal investment in two hydroelectric facilities in Costa Rica.

Energy-From-Waste

The Company and Chongqing Iron & Steel Company (Group) Ltd. entered into an agreement to build, own, and operate a 1,800 metric ton per day energy-from-waste facility for Chengdu Municipality in Sichuan Province, People’s Republic of China. The Company also executed a 25 year waste concession agreement for this project. In connection with this project, it acquired a 49% interest in the project company. Construction commenced in 2009 and the facility began processing waste during the year ended December 31, 2011. The electrical output from these projects is sold at governmentally established preferential rates under short-term arrangements with local power bureaus. As of December 31, 2011, the Company owned 85% of Taixing Covanta Yanjiang Cogeneration Co., Ltd. which, in 2009, entered into a 25 year concession agreement and waste supply agreements to build, own and operate a 350 metric tons per day energy-from-waste facility for Taixing Municipality, in Jiangsu Province, People’s Republic of China. The Company will continue to operate its coal-fired facility.

The Comp any owns a 40% interest in Chongqing Sanfeng Covanta Environ! mental In! dustry Co., Ltd. (Sanfeng), a company located in Chongqing Municipality, People’s Republic of China. Sanfeng is engaged in the business of owning and operating energy-from-waste projects, providing design and engineering, procurement, construction services and equipment sales for energy-from-waste facilities in China. Sanfeng owns minority interests in two 1,200 metric tons per day, 24 megawatts mass-burn energy-from-waste projects (Fuzhou project and Tongqing project), and has a contract to operate the Chengdu project. Chongqing Iron & Steel Group Environmental Investment Co. Ltd., a wholly owned subsidiary of Chongqing Iron & Steel Company (Group) Ltd., holds the remaining 60% interest in Sanfeng. The solid waste supply for the projects comes from municipalities under long-term contracts. The municipalities also have the obligation to coordinate the purchase of power from the facilities as part of the long-term contracts for waste disposal. The electrical output from the se projects is sold at governmentally established preferential rates under short-term arrangements with local power bureaus.

The Company owns a 13% interest in a 500 metric tons per day, 18 megawatts mass-burn energy-from-waste project at Trezzo sull’Adda in the Lombardy Region of Italy. The project is operated by Ambiente 2000 S.r.l., in which the Company owns 40%. The solid waste supply for the project comes from municipalities and privately-owned waste haulers under long-term contracts. The electrical output from the Trezzo project is sold at governmentally established preferential rates under a long-term purchase contract to Italy’s state-owned electricity grid operator, Gestore della Rete di Trasmissione Nazionale S.p.A.

Independent Power Projects

The Company has a majority interest in a 24 megawatts (gross) coal-fired cogeneration facility in Taixing City, Jiangsu Province, People’s Republic of China. The project entity, in which it holds a majority interest, operates this project. T! he party ! holding a minority position in the project is an affiliate of the local municipal government. While the steam produced at this project is focused to be sold under a long-term contract to its industrial host, in practice, steam has been sold on a short-term basis to either local industries or the industrial host, in each case at varying rates and quantities. The electric power is sold at an average grid rate to a subsidiary of the provincial power bureau.

Advisors’ Opinion:

  • [By Marc Bastow]

    Waste disposal and energy management holding company Covanta (CVA) raised its quarterly dividend 9% to 18 cents per share, payable April 2 to shareholders of record as of March 26.
    CVA Dividend Yield: 4.10%

  • [By Dan Caplinger]

    More recently, Waste Management has looked for further innovations in its business. Its landfills give it two potential energy sources, one from the gases that landfills produce, and a second from incinerating garbage to produce electricity. Rival Covanta (NYSE: CVA  ) pioneered the waste-to-energy movement and is the leading company in the space, but both Waste Management and No. 2 landfill operator Republic Services (NYSE: RSG  ) have pressed hard at building up their own renewable energy businesses. Moreover, Waste Management’s partnership with Clean Energy Fuels (NASDAQ: CLNE  ) to convert its hauling trucks to use natural gas brings the trash giant’s renewable energy efforts full-circle.

  • [By Seth Jayson]

    Covanta Holding (NYSE: CVA  ) reported earnings on July 17. Here are the numbers you need to know.

    The 10-second takeaway
    For the quarter ended June 30 (Q2), Covanta Holding beat expectations on revenues and beat expectations on earnings per share.

  • [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]

    Both of these stocks are overlooked, undervalued, and cash flow machines. The companies are Ascent Capital Group (ASCMA) and Covanta Holdings (CVA).

10 Best Cheapest Stocks To Invest In 2014: Brown(n)

N Brown Group plc operates as an Internet and catalogue home shopping company in the United Kingdom. The company principally offers womenswear, menswear, footwear, household, and electrical products, as well as provides insurance services. It also operates in the Republic of Ireland, Germany, and the United States. The company was founded in 1859 and is based in Manchester, the United Kingdom.

Advisors’ Opinion:

  • [By Rob DeFrancesco]

    Then, another name similar competes is NetSuite (N), which does something similar to Workday, in the same area, but it concentrates on some smaller companies. Workday tends to go after larger enterprises.

  • [By David Trainer]

    Cloud software provider Callidus (NASDAQ: CALD) is in the Danger Zone this week. We’ve recently highlighted two other Software as a Service (SaaS) companies in Netsuite (NYSE: N) andSalesforce.com (NYSE: CRM), and CALD is a classic story of a bad company riding the coattail of the popularity of cloud computing and SaaS companies. SaaS stocks surged in 2013, and CALD followed the trend, gaining 166% over the past year.

  • [By MarketWatch]

    Discussing cloud-computing stocks, the Barron’s article also said: “Industry leader Salesforce.com (CRM)   doesn’t earn a profit based on GAAP earnings that includes its stock compensation expense and yet it has a market value of $34 billion. Other hot plays with 2014 price/sales ratios above 10 and no GAAP earnings include Workday, NetSuite (N) , and ServiceNow (NOW) .”

  • [By Jason Cunningham]

    “Whether it’s LinkedIn (NYSE: LNKD), Pandora (NYSE: P), Yelp (NYSE: YELP), you go back to Salesforce (NYSE: CRM), Workday (NYSE: WDAY), NetSuite (NYSE: N), I think we’ve proven to the clients in that industry we’re a better partner, and now it’s up to us to execute, ’cause Thursday is all about Twitter and the investors. It’s not about us.”

10 Best Cheapest Stocks To Invest In 2014: Alliance Capital Management Holding L.P. (AB)

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. It offers institutional services, including separately-managed accounts, sub-advisory relationships, structured products, collective investment trusts, mutual funds, hedge funds, and other investment vehicles to unaffiliated corporate and public employee pension funds, endowment funds, domestic and foreign institutions, and governments. The company also provides retail services comprising retail mutual funds, sub-advisory relationships with mutual funds sponsored by third parties, and separately managed account programs sponsored by various financial intermediaries and other investment vehicles. In addition, it provides separately managed accounts, hedge funds, mutual funds, and other investment vehicles for private clients, including high-net-worth individuals, trusts and estates, charitable foundations, partnerships, and private and family corporat ions. Further, AllianceBernstein Holding L.P. offers research services to institutional investors through research, portfolio analysis, and brokerage-related services; and equity capital markets services to issuers of publicly-traded securities. Additionally, it provides distribution, shareholder servicing, and administrative services to its sponsored mutual funds. AllianceBernstein Corporation serves as the general partner of the company. AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, New York. AllianceBernstein Holding L.P. operates as a subsidiary of AXA.

Advisors’ Opinion:

  • [By J. Royden Ward]

    AllianceBernstein Holding LP (AB) offers high quality research and diversified investment services to institutional investors and private clients in major global markets. The company is one of the largest US investment advisors, with assets under management totaling $445 billion, as of January 31.

  • [By Dan Caplinger]

    In the following video, Dan Caplinger, The Motley Fool’s director of investment planning, goes through a few situations where an IRA rollover might not be ideal. Dan notes that Franklin Templeton (NYSE: BEN  ) , AllianceBernstein (NYSE: AB  ) , Goldman Sachs (NYSE: GS  ) , and other companies often offer cheaper class of mutual funds that would otherwise carry sales loads or higher fees outside a 401(k). Dan also talks about company stock and the special rules for 401(k)s that own it, as well as the importance of looking at overall fees to decide if your 401(k) is the best place to invest or whether an IRA rollover will help you more.

  • [By J. Royden Ward]

    AllianceBernstein LP (AB), a master limited partnership, is one of the largest US investment advisors. It actively manages stock and bond accounts for institutions, mutual funds, and well-heeled clients.

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