As the summer travel season heats up, vacationers who are traveling by plane naturally want to know if their flights will arrive on time this summer. The last thing most travelers want to do is spend lots of extra time in the airport, rather than on the beach!
Unfortunately, the summer tends to be the worst season for air travel delays. Since demand is higher from June to August than for the rest of the year, airlines schedule more flights. If severe thunderstorms — or worse, tropical storms — slow departures and arrivals in some of the major hub cities, there’s no slack in the system. The potential result is rippling delays and cancellations nationwide.
If you happen to be flying on a day when severe weather hits the country, brace yourself for some long delays. On the other hand, if the weather cooperates, you may have a decent chance of arriving on time this summer, as airlines have cut a lot of capacity in recent years. However, a lot will depend on where you’re coming from and where you’re going. The most crowded airports in the country will be as busy as ever. If you’re flying to or from the likes of New York, Chicago, or Los Angeles, you should be prepared to be late.
10 Best Warren Buffett Stocks To Invest In Right Now: BMC Software Inc. (BMC)
BMC Software, Inc. develops software that provides system and service management solutions for enterprises in the United States and internationally. The company operates in two segments, Enterprise Service Management and Mainframe Service Management. The Enterprise Service Management segment offers service assurance solutions that manage availability and performance management, event management, service impact management, and capacity management; service automation solutions managing provisioning, configuration change, and compliance automation for servers, networks, applications, and databases; service support solutions, which manages service desk, incident management, service request management, problem management, asset management, service level management, change and release management, and identity management; and BMC Atrium that provides shared technologies that unify information and processes from disparate management tools, and assigns priorities to business servic es. It also offers consulting, implementation, integration, IT process design and re-engineering, and educational services related to its software products. The Mainframe Service Management segment provides mainframe data and performance management solutions that ensure the availability and reliability of the business critical data, applications, and systems; and enterprise workload automation solutions comprising CONTROL-M product line, a set of features enabling data centers to automate their complex workloads and critical business processes. The company serves manufacturers, telecommunication companies, educational institutions, retailers, distributors, hospitals, and other industries, as well as channel partners, including resellers, distributors and systems integrators directly. BMC Software, Inc. was founded in 1980 and is headquartered in Houston, Texas.
- [By Rob DeFrancesco]
Rob DeFrancesco: ServiceNow is disrupting the IT management space. They’re cloud-based. They’re going against legacy vendors like BMC (BMC). And ServiceNow, that’s another strong revenue grower, up 50% expected for this year, 38% for next year.
- [By John Divine]
Dropping 1.5% Monday, BMC Software (NASDAQ: BMC ) joins Apollo as a notable laggard after the business announced some big strategy changes. An SEC filing today revealed BMC is cutting its workforce, incurring pre-tax charges between $33 million and $38 million in the process. No word yet on how many of the company’s 6,900 full-timers will be let go.
- [By Tim Brugger]
The next best growth by any of the top five ITOM vendors last year? BMC Software (NASDAQ: BMC ) was up a paltry 0 .9% year over year. Even IBM, the undisputed king of ITOM, grew a mere 0.8% in 2012. Granted, IBM’s $3.28 billion in ITOM revenue in 2012 handily beats Microsoft’s $1.48 billion, as does BMC’s $1.92 billion, but the trend is clear: Microsoft is leveraging its enterprise and cloud computing customers better than its ITOM competitors.
10 Best Warren Buffett Stocks To Invest In Right Now: Deutsche Bank AG (SBND)
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. The Company operates through such divisions as: Private and Business Clients, Asset and Wealth Management, Corporate Banking and Securities, Global Transaction Banking and Non-Core Operations Unit. Deutsche Bank AG is active domestically and in various countries, through the network of numerous branches. In February 2014, the Company and its related bodies corporate ceases to a share holder in the capital of the Company. Advisors’ Opinion:
- [By Donald van Deventer]
Long-duration Treasury Exchange-Traded Funds: (TLH), , (IEF), (DTYL), (DLBL), (ILTB), (TENZ), (ITE), (TLO), (EDV), (VGIT), (VGLT), (TMF), (TYD), (LBND), (UBT), (UST), (TMV), (TYO), (DSTJ), (DSXJ), (SBND), (PST), (DTYS), (DLBS), (TBF), (TTT), (TYNS), (TYBS), (TBX).
10 Best Warren Buffett Stocks To Invest In Right Now: Fossil Inc.(FOSL)
Fossil, Inc. designs, develops, markets, and distributes fashion accessories worldwide. It offers a line of fashion watches under its proprietary brands, such as FOSSIL, MICHELE, RELIC, and ZODIAC; and through licensed brands, including ADIDAS, BURBERRY, DIESEL, DKNY, EMPORIO ARMANI, MARC BY MARC JACOBS, and MICHAEL KORS. The company designs, markets, and arranges for the manufacture of watches and accessories on behalf of certain mass market retailers, companies, and organizations as private label products or as premium and incentive items for use in various corporate events. It also provides various fashion accessories for men and women, including handbags, belts, small leather goods, jewelry, and sunglasses through company owned retail stores, department stores, and specialty retail stores, as well as over the Internet and through catalogs. In addition, the company sells a line of soft accessories, such as hats, gloves, and scarves, as well as a handbag collection. Furt her, it offers apparel comprising jeans, outerwear, fashion tops and bottoms, and tee shirts for men and women through company-owned stores, as well as over the Internet and through catalogs. Additionally, the company provides footwear products, including sport court sneakers, authentic casuals, dress classics, and boots for men, as well as fashionable flats, heels, wedges, and boots for women. Fossil, Inc., through a license agreement with the Safilo Group, manufactures, markets, and sells optical frames under the FOSSIL and RELIC brand names in the United States and Canada. As of August 9, 2011, it had approximately 360 company-owned and operated retail stores. The company was founded in 1984 and is headquartered in Richardson, Texas.
- [By Ben Levisohn]
The market decided to let the good times roll today as Microsoft (MSFT), Pfizer (PFE), United Steel (X) and Fossil Group (FOSL) led the major benchmarks higher.
- [By Ben Levisohn]
Shares of Michael Kors Holdings (KORS) have gained 6.4% to $79.54 today, after reporting better than forecast earnings. That could be good news for Fossil (FOSL), but Coach (COH) could be in trouble.
10 Best Warren Buffett Stocks To Invest In Right Now: Arrow Financial Corporation (AROW)
Arrow Financial Corporation operates as the holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that offer various commercial and consumer banking, and financial products in the United States. The company offers various deposit products, which include demand deposits, savings, NOW, and money market deposits. It engages in a range of lending activities, including commercial and industrial lending primarily to small and midsized companies; mortgage lending for residential and commercial properties; and consumer installment and home equity financing. Arrow Financial Corporation maintains an indirect lending program through sponsorship of automobile dealer programs under which, it purchases dealer paper primarily from dealers that meet pre-established specifications. The company, through its trust operations, provides retirement planning, trust, and estate administration services for individuals, pension, and profit-sha ring; and employee benefit plan administration for corporations. In addition, it holds an insurance agency that specializes in selling and servicing group health care policies; operates as an investment adviser that advises the company?s proprietary mutual funds; provides administrative and recordkeeping services for complex retirement plans; and holds a real estate investment trust. The company operates in Warren, Washington, Saratoga, Essex, and Clinton counties and surrounding areas. It owns 28 branch offices and leases 6 offices. The company was founded in 1851 and is headquartered in Glens Falls, New York.
- [By Rich Duprey]
Flying straight as an arrow, multi-bank holding company Arrow Financial (NASDAQ: AROW ) said yesterday it will pay a regular quarterly dividend of $0.25 per share on June 14 to the holders of record at the close of business on June 3. This is the same pay it has made quarter in, quarter out for the last five years.
10 Best Warren Buffett Stocks To Invest In Right Now: Brookdale Senior Living Inc. (BKD)
Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates in six segments: Retirement Centers, Assisted Living, Continuing Care Retirement Communities (CCRCs)Rental, CCRCs-Entry Fee, Innovative Senior Care, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer’s disease and other dementias. The CCRCs-Rental segment owns or leases communities that offer various living arrangements and services to accommodate physical ability and health. The CCRCs-Entry Fee segment allows residents in the independent living apartment units to pay a one-time upfront entrance fee to use certain amenities and services. The Innovative Senior Care segment provides outpatient therapy, home health, and hospice services to residents of its communities and other senior living communities. The Management Services segment operates third party communities under the management agreements. As of December 31, 2012, it operated 76 retirement center communities with 14,528 units; 433 assisted living communities with 21,594 units; 27 rental CCRC communities with 6,748 units; 14 entry fee CCRC communities with 5,866 units; and 97 communities with 17,998 units for third parties. Brookdale Senior Living Inc. is based in Brentwood, Tennessee.
- [By Sean Williams]
One company with seemingly limitless upside potential today was senior housing operator Emeritus (NYSE: ESC ) , which gained 35.2% after agreeing to be purchased by Brookdale Senior Living (NYSE: BKD ) for $1.4 billion, excluding debt. Under the terms of the deal, Emeritus shareholders will receive 0.95 shares of Brookdale, and would effectively own 23% of the outstanding shares of the company once the merger is complete. Brookdale anticipates the deal being EPS neutral in 2014, and forecasts it adding $0.40 in EPS by the third year. The move certainly makes sense on paper, as cost synergies will help these two senior housing companies fight back against the expectation of declining Medicare reimbursement rates. However, over the long run, the Medicare reimbursement picture is still very cloudy, making Brookdale a riskier buy at the moment following today’s announcement.
- [By John Kell]
Brookdale Senior Living Inc.(BKD) has agreed to merge with Emeritus Corp.(ESC) in a deal that values the operator of long-term, assisted-living facilities at about $1.4 billion, as the companies look to form a national senior-living-solutions company. Emeritus surged 34% to $28.75 premarket.
- [By Tom Lydon]
Top holdings based on the index include Acadia Healthcare Companies (ACHC), Amsurg Corporation (AMSG), Brookdale Senior Living (BKD), Clarcor (CLC) and Community Health Systems (CYH).
10 Best Warren Buffett Stocks To Invest In Right Now: Impala Platinum Holdings Ltd (IMPUY.PK)
Impala Platinum Holdings Limited (Implats) is a producer of platinum group metals (PGMs) and associated base metals. Implats has operations on the PGM-bearing orebodies of the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe. PGMs include platinum, and the associated by-products, palladium, rhodium, ruthenium, iridium and gold usually occur in association with nickel and copper. As of June 30, 2012, the Company’s holdings in various mining and exploration activities included Impala Platinum Limited (100%), which includes PGM mining, processing and refining; Impala Refining Services Limited (100%), which is engaged in purchase of concentrate and/or smelter matte; Impala Chrome (Pty) Limited (100%) and Makgomo Chrome (Pty) Limited (50%), which are engaged in purchase of chrome in tailings, and Zimplats Holdings Limited (86.9%), Afplats (Pty) Limited (74%), Marula Platinum (Pty) Limited (73%), Mimosa Investments Limited (50%) and Two Rivers Platinum (Pty) Lim ited (45%), which are engaged in PGM mining.
Impala Platinum, Implats’ primary operational unit, has operations situated on the Impala lease area on the western limb of the Bushveld Complex near Rustenburg in South Africa, and in Springs east of Johannesburg. Impala holds contiguous mining rights and prospecting rights for a total area of 260 square kilometres. Operations comprise 14 operational shaft systems, five of which have underground decline systems.
Zimplats Holdings Limited
Zimplats Holdings Limited (Zimplats) is 87% owned by Implats and is located on the Hartley Geological Complex on the Zimbabwean Great Dyke south-west of Harare. Zimplats operates three underground mines and a concentrator at Ngezi. The Selous Metallurgical Complex (SMC), located some 77 kilometer north of the mine, comprises a concentrator and a smelter. The Company also owns the Hartley Platinum Mine situated at the SMC, whic h is under care and maintenance.
Marula Platin! um Limited
Marula Platinum Limited (Marula) is 73% owned by Implats. Marula is located in the Limpopo Province, some 50 kilometres north of Burgersfort. The operation consists of two on-reef decline shafts, one off-reef conventional decline and a concentrator plant.
Mimosa is wholly owned by Mimosa Investments Limited, a Mauritius-based company jointly held by Implats and Aquarius Platinum Limited (Aquarius) in a 50:50 joint-venture. Mimosa is located on the Wedza Geological Complex on the Zimbabwean Great Dyke east of Bulawayo. The operation comprises a shallow underground mine, accessed by a decline shaft, and a concentrator.
The Two Rivers Platinum Mine
The Two Rivers Platinum Mine (Two Rivers) is a joint venture between African Rainbow Minerals (ARM) (55%) and Impala Platinum Holdings Limited (Implats) (45%). The operation is situated on the farm Dwarsrivier on the southern part of the eastern limb of the Bushveld Igneous Complex in Mpumalanga, South Africa. The operation consists of two on-reef decline shafts and a concentrator.
Impala Refining Services (IRS)
IRS products include flotation concentrates from Marula, Mimosa and Two Rivers, as well as Aquarius’ Marikana, Everest mine and Blue Ridge mines (on care and maintenance) and Eastern Platinum’s Crocodile River mine; furnace matte from Zimplats; spent autocatalysts from A-1 Specialised Services and Supplies Inc. for recycling, and selected base metal residues and other secondary materials.
- [By Zacks Investment Research]
It is hard to find a good play in the Zacks Industry of mining non-ferrous metals, as the industry currently has a rank of 247 out of 261. In fact, in our five mining industries, there are only two No. 1-Ranked stocks: Brigus Gold (BRD) and Impala (IMPUY.PK). Both of these are in struggling industries, but they have proven to be best-in-class thanks to improving earnings estimates. Plus, both have seen their ranks surge from holds (or worse) up to strong buy territory, suggesting either of these names might be better picks than the struggling SCCO at this time.
10 Best Warren Buffett Stocks To Invest In Right Now: Bill Barrett Corp (BBG)
Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States. As of December 31, 2011, the Company had four active development programs, including the Gibson Gulch area in the Piceance Basin, the Uinta Oil Program in the Uinta Basin, the West Tavaputs area in the Uinta Basin and, following an acquisition in August 2011, a primarily oil program in the Denver-Julesburg Basin. The Company holds acreage in a number of basins with plans for drilling activity in the Powder River, Southern Alberta, Paradox and San Juan Basins. Among its four key development programs, three of the programs target oil and high British Thermal Unit (BTU) content natural gas that can be processed into natural gas liquids (NGLs), while its exploration program is exclusively focused on oil and high BTU content natural gas. On December 31, 2012, the Company sold its natural gas assets to an affiliate of Vanguard Natural Resources, LLC. In Decem ber 2013, Bill Barrett Corp closed its sale of the West Tavaputs natural gas property located in the Uinta Basin, Utah to affiliates of EnerVest, Ltd.
The Piceance Basin is located in northwestern Colorado. As of December 31, 2011, its estimated proved reserves was 596 billions of cubic feet equivalents. As of December 31, 2011, the Company had interests in 826 gross (779.8 net) producing wells, and it serves as the operator in 796 gross producing wells. As of December 31, 2011, it held 42,633 net undeveloped acres, including the Cottonwood Gulch prospect. As of December 31, 2011, it was in the process of drilling three gross (three net) wells and waiting to complete 44 gross (44 net) wells within the Piceance Basin.
The Gibson Gulch area is a basin-centered gas play along the north end of the Divide Creek anticline near the eastern limits of the Piceance Basin’s productive Mesaverde (Williams Fork) trend at depths of a pproximately 7,500 feet. Its natural gas production in this ! basin is gathered through its own gathering system and EnCana Oil & Gas Corporation’s gathering system and delivered to markets through a variety of pipelines, including pipelines owned by Questar Pipeline Company, Northwest Pipeline, Colorado Interstate Gas, TransColorado Pipeline, Wyoming Interstate Gas Company Pipeline and Rockies Express Pipeline LLC. The energy content of its Piceance gas is 1.15 BTU per cubic foot and the natural gas is processed at an Enterprise Products Partners L.P. plant in Meeker, Colorado.
The Uinta Basin is located in northeastern Utah. As of December 31, 2011, in West Tavaputs Area, it had the estimated proved reserves was 460.7 billions of cubic feet equivalents. As of December 31, 2011, it had interests in 271 gross (258 net) producing wells, and it serves as the operator in 271 gross producing wells. During the year ended December 31, 2011, the net production was 32 billions of cubic feet equivalents. As of December 31, 2011, it held 22,618 net undeveloped acres, along with 16,119 net acres that are subject to drill-to-earn agreements. As of December 31, 2011, it was in the process of drilling one gross (one net) well and waiting to complete 17 gross (12.5 net) wells.
The Company serves as operator of its interests in the West Tavaputs Area. As of December 31, 2011, it had identified 622 potential drilling locations and 460.7 billions of cubic feet equivalents of estimated proved reserves with a weighted average working interest of 96%. The Company is actively drilling its shallow program, which targets the gas-productive sands of the Wasatch and Mesaverde formations at depths down to 7,600 feet on average. The Company drilled 92 wells during the year ended December 31, 2011, and completed 89 wells. Two of the new wells during 2011, targeted the Mancos and Niobrara formations to test these deeper horizons. Additionally, two recompletions were performed on e xisting wells in the Mancos and Niobrara formations. T runni! ng a one ! rig drilling program to drill and complete wells in the Wasatch and Measverde formations in the West Tavaputs area of the Uinta Basin. Its natural gas production in the West Tavaputs Area is gathered through its own gathering systems and delivered into Questar Pipeline Company and Three Rivers Gathering, LLC. Gas delivered into Questar Pipeline is processed by Questar Transportation Services Company, and gas delivered into Three Rivers Gathering can be processed by QEP Field Services Co and Chipita Processing LLC. Gas can then be marketed through a variety of pipelines including Questar Pipeline Company, Northwest Pipeline, CIG, Ruby Pipeline LLC, Rockies Express Pipeline LLC, and Wyoming Interstate Gas Company Pipeline.
The Uinta Oil Program is a fractured oil play with multiple pay zones. The program consists of three main areas of development, including Blacktail Ridge, Lake Canyon and newly acquired East Bluebell. As of December 31, 2011, it had identified three formations: the Green River, Wasatch and Uteland Butte, with 1,688 potential drilling locations and 172.8 billions of cubic feet equivalents of estimated proved reserves and a weighted average working interest of 54%. The Company is also in the planning stages of selecting 80 acre pilot test areas across the field. It is running a three rig drilling program in the Uinta Oil Program which may be adjusted throughout the year as business conditions and operating results warrant.
The Blacktail Ridge area consists of both vertical and horizontal wells that target the Wasatch, Green River, Uteland Butte and Mahogany formations. At December 31, 2011, it had an acreage position of 23,037 net acres with an additional 16,660 net acres subject to drill-to-earn agreements. Under its exploration and development agreement with the Ute Indian Tribe of the Uintah and Ouray Reservation, (Ute Tribe), and Ute Development Corporation, it serves as operator and has the right to earn a minimum of a 50% working interest in all formation! s. Throug! h December 31, 2011, it had earned 17,588 gross (8,794 net) tribal acres in this area. The Ute Tribe assigned its participation rights pursuant to the exploration and development agreement to Ute Energy Corporation (Ute Energy).
The Lake Canyon area consists of both vertical and horizontal wells that target the Wasatch, Green River, and Uteland Butte formations. At December 31, 2011, it had an acreage position of 21,595 net acres with an additional 44,228 net acres subject to drill-to-earn agreements. Under the amended exploration and development agreement with the Ute Tribe and Ute Development Corporation, it operates the northern block of Lake Canyon (consisting of 19,781 net tribal acres) with a 75% working interest, and its industry partner operates the southern block where it retains a 25% working interest. The agreement also requires the Company and its industry partner to drill at least two wells per year from 2012 through 2015 and an additional 14 wells at some point between 2012 and 2015. Through December 31, 2011, it had earned 10,200 gross (4,640 net) tribal acres in this area. The Ute Tribe assigned its participation rights pursuant to the Lake Canyon amended agreement to Ute Energy.
On June 8, 2011, the Company closed on an acquisition of oil properties and related assets in the Uinta Basin referred to as East Bluebell. The acquired properties, which consist of 20,413 net acres, are located approximately 35 miles east-northeast of the Blacktail Ridge and Lake Canyon projects with a mixture of fee, state, federal and tribal minerals both unitized and non-unitized. Three federal units exist within the acquired leasehold, Aurora Unit, Ouray Valley Unit and Roosevelt Unit. Also included in the acquisition was associated gathering and transportation infrastructure.
The Denver-Julesburg Basin (DJ Basin) is located in Colorado’s eastern plains and parts of so uthern Wyoming, western Kansas and western Nebraska. As of D! ecember 3! 1, 2011, its estimated proved reserves were 41.1 billions of cubic feet equivalents. As of December 31, 2011, it had interests in 216 gross (156.6 net) producing wells, and it serves as operator in 148 gross wells. As of December 31, 2011, the Company held 52,075 net undeveloped acres. As of December 31, 2011, it was in the process of drilling one gross (one net) well and waiting to complete two gross (two net) wells within the DJ Basin. The main oil and gas formations being targeted in the DJ Basin are the tight Muddy J Sandstone, Codell Sandstone and the Niobrara.
On August 16, 2011, it closed on an acquisition of oil and gas properties in the DJ Basin. This acquisition included approximately 26,416 gross (17,074 net) development and exploratory acreage in the Niobrara oil play in the Borie, Chalk Bluffs and Briggsdale prospect areas of Laramie County, Wyoming and Weld County, Colorado. With the acquisition, it also obtained operatorship of 126 producing wells and an interest in another 60 non-operated wells. The Company acquired another 21,903 gross acres (14,800 net) in the Niobrara oil and gas play in the Greater Wattenberg Area of Weld and Adams Counties in Colorado. The Company is running a one rig drilling program to drill and complete horizontal wells targeting oil in the Niobrara formation in the DJ Basin.
Powder River Basin
The Powder River Basin is primarily located in northeastern Wyoming. Its development operations are conducted in its coalbed methane (CBM) fields along with a Powder River Deep Program targeting oil. As of December 31, 2011, its estimated proved reserves were 55.7 billions of cubic feet equivalents. As of December 31, 2011, it had interests in 742 gross (472 net) producing wells and it serves as operator in 580 gross wells. As of December 31, 2011, it held 45,652 net undeveloped acres. During 2011, the Company’s net production was 13.2 billions of cubic feet equivalents. As of December 31, 2011, the Company was not in the process of! drilling! or completing any CBM wells within the Powder River Basin. Coalbed methane wells are drilled to 1,200 feet on average, targeting the Big George Coals. Its natural gas production in this basin is gathered through gathering and pipeline systems owned by Fort Union Gas Gathering, LLC and Thunder Creek Gas Services.
The Company’s Powder River Deep Program consists of vertical and horizontal wells targeting various Cretaceaous oil bearing horizons, including the Parkman, Sussex, Shannon, Niobrara, Turner and Frontier formations. The Company also has an interest in an active Parkman waterflood. At December 31, 2011, it had an interest in 51 gross (10.7 net) producing wells with estimated net proved reserves of three billions of cubic feet equivalents, and it serve as operator in seven gross wells. The Company has increased its net acreage position to 27,201 net acres throughout 2011, along with 11,141 net acres that are subject to drill-to-earn agreements.
Wind River Basin
The Wind River Basin is located in central Wyoming. The Company’s activities are concentrated primarily in the eastern Wind River Basin, along the greater Waltman Arch, where it generally serves as operator. In addition, it has a number of exploration projects, some of which are in areas of the Wind River Basin where it has no existing development operations. As of December 31, 2011, its Estimated proved reserves was 35.2 billions of cubic feet equivalents. As of December 31, 2011, the Company had interests in 152 gross (144.3 net) producing wells, and it serves as operator in 148 gross wells. During 2011, its net production was 5.3 billions of cubic feet equivalents. As of December 31, 2011, it held 180,273 net undeveloped acres. As of December 31, 2011, it was not in the process of drilling or completing wells within the Wind River Basin. its natural gas production in this basin is gathered through its own gathering systems and delive red to markets through pipelines owned by Kinder Morgan Inte! rstate (K! MI) and Colorado Interstate Gas (CIG).
The Paradox Basin is located in southwestern Colorado and southeastern Utah. As of December 31, 2011, it had interests in six gross (5.9 net) producing, or capable of producing, wells, and it serves as operator in six gross wells. As of December 31, 2011, it held 365,988 net undeveloped acres. As of December 31, 2011, the Company was not in the process of drilling or completing wells within the Paradox Basin. Its Paradox Basin prospect targets oil, natural gas and associated natural gas liquids from the Gothic and Hovenweep shales at average vertical depths of 5,800 and 5,700 feet, respectively. Through December 31, 2011, it had drilled four exploratory vertical wells to gather rock property data and nine horizontal well bores in the Gothic shale. Six of the horizontal wells were on production at various times in 2011, of which two have continually produced from inception and thus far exhibit fl at decline curves. It serves as operator in this area where it has a working interest of approximately 100%.
- [By Jake L’Ecuyer]
Bill Barrett (NYSE: BBG) was also down, falling 16.07 percent to $23.24 after the company lowered its guidance after the close Tuesday.
In commodity news, oil traded up 0.16 percent to $97.35, while gold traded up 0.59 percent to $1,258.60.
- [By Rich Smith]
Denver.-based Bill Barrett Corp. (NYSE: BBG ) is under new management. The oil and gas developer announced Wednesday that it has confirmed interim Chief Executive Officer R. Scot Woodall as its new permanent president and CEO. The appointment took effect Tuesday.
- [By Seth Jayson]
Bill Barrett (NYSE: BBG ) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Bill Barrett missed estimates on revenues and missed expectations on earnings per share.
- [By Yoshiaki Nohara]
Man Wah Holdings Ltd. (1999), a furniture maker that gets 51 percent of its sales in the U.S., gained 9.2 percent in Hong Kong. Daiwa Securities Group Inc., Japan’s second-largest brokerage, rebounded 12 percent after slumping yesterday. Billabong International Ltd. (BBG), the Australian surfwear company that has breached debt-payment terms, plunged 49 percent after takeover talks with two suitors ended.
10 Best Warren Buffett Stocks To Invest In Right Now: Pimco High Income Fund(PHK)
PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations. It employs fundamental analysis along with a top down stock picking approach to make its investments. PIMCO High Income Fund was formed on April 30, 2003 and is domiciled in the United States.
- [By Dan Caplinger]
But you can see in several places the consequences of the stampede toward high yield. Here are just a few:
Closed-end funds Cornerstone Progressive (NYSEMKT: CFP ) and Pimco High Income (NYSE: PHK ) both make fixed payments back to fund shareholders on a monthly basis, and their distribution yields are truly extraordinary, at about 17% and 12%, respectively. Those dividends have enticed shareholders to pay $1.30 to $1.40 or more for each $1 of assets in the funds. Yet during most months, a substantial portion of those distribution payments has simply been a return of investor capital rather than true income from the funds’ investments. A recent study discussed in The Wall Street Journal found that returns on a portfolio with a combined value and dividend-income strategy outperformed a strategy focused more exclusively on maximizing dividends by an average of 1.7 percentage points per year, a huge edge in long-run returns. In the dividend ETF arena, most funds tend to focus on maximizing yield. Although the popular Vanguard Dividend Appreciation (NYSEMKT: VIG ) ETF bucks the trend by screening first for consistent dividend growth and only then looking at yield as a factor, many rival ETFs start with high-yielding stocks as their baseline and only then consider other desirable traits. Others focus solely on high-dividend niches of the market, such as iShares FTSE NAREIT Mortgage-Plus (NYSEMKT: REM ) and its concentration on high-yield mortgage REITs.
When dividend stocks get too popular, their prices get out of line with both their dividend income and the fundamentals of the businesses that underlie those stocks. In simpler terms, when dividend stocks become bad values, it’s time to consider looking elsewhere for a margin of safety.
- [By Dan Caplinger]
Lesson 1: Income is king.
A look at the four funds trading at the highest premiums to net asset value reveals a common thread: They’re all focused on maximizing income. What’s interesting, though, is that they use different methods to reach the same ends. Among the three PIMCO funds, PIMCO High Income (NYSE: PHK ) looks largely to the high-yield bond market for its holdings, while PIMCO Corporate & Income Opportunities (NYSE: PTY ) has a somewhat lower distribution rate but has a sizable allocation to investment-grade debt. The fund with the highest premium, PIMCO Global StocksPLUS, uses futures contracts to add stock exposure to its portfolio of income-producing bonds. Finally, BlackRock Virginia Municipal Bond rounds out the top four with its tax-free bond portfolio.
- [By Morgan Housel]
Interest rates have risen over the last month, offering a taste. Pimco High Income Fund (NYSE: PHK ) is down 10% in the last month. The Vanguard Long Term Corporate Bond Fund (NASDAQ: VCLT ) lost 4.6%. Mortgage REITS sensitive to the same interest rate risk have been pummeled; Annaly Capital Management (NYSE: NLY ) shares are off by one-fifth over the last year.
10 Best Warren Buffett Stocks To Invest In Right Now: Hubbell Inc (HUBB)
Hubbell Incorporated (Hubbell), incorporated in 1905, is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People’s Republic of China, Italy, the United Kingdom, Brazil and Australia. Hubbell also participates in joint ventures in Taiwan, Hong Kong, and maintains sales offices in Singapore, China, Mexico, South Korea and countries in the Middle East. It operates in two segments: Electrical segment and the Power segment. The Electrical segment consists of electrical systems products and lighting products. During the year ended December 31, 2011, it acquired two product lines. The first product line acquired consists of grounding, bonding and cable management solutions with renewable energy applicati ons, while the second product line consists of fire pump control panels. The Company has several operations located outside of the United States. These operations manufacture, assemble and/or market Hubbell products and service both the Electrical and Power segments.
The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, as well as other electrical equipment. The products are used in and around industrial, commercial and institutional facilities by electrical contractors, maintenance personnel, electricians and telecommunications companies. In addition, certain businesses design and manufacture a variety of high voltage test and measurement equipment, industrial controls and communication systems used in the non-residential and industrial mark ets. Many of these products are designed such that they can ! also be used in harsh and hazardous locations where a potential for fire and explosion exists due to the presence of flammable gasses and vapors. Harsh and hazardous products are primarily used in the oil and gas (onshore and offshore) and mining industries. Certain lighting fixtures, wiring devices and electrical products also have residential and utility applications.
These products are primarily sold through electrical and industrial distributors, home centers, retail and hardware outlets, and lighting showrooms. Special application products are sold primarily through wholesale distributors to contractors, industrial customers and original equipment manufacturers (OEMs). High voltage products are sold primarily by direct sales to customers through its sales engineers. Hubbell maintains a sales and marketing organization to assist users with the application of certain products to their specific requirements, and with architects, engineers, industrial designers , OEMs and electrical contractors for the design of electrical systems to meet the specific requirements of industrial, non-residential and residential users. Hubbell is also represented by sales agents for its lighting fixtures and controls, electrical wiring devices, rough-in electrical products and high voltage products lines.
Hubbell designs, manufactures and sells thousands of wiring and electrical products, which are supplied principally to industrial, non-residential and residential customers. These products include cable reels, cable glands and fittings, connectors and tooling, floor boxes, ground fault devices, wiring devices and accessories, switches and dimmers, pin and sleeve devices, electrical motor controls, and steel and plastic electrical enclosures. Its products also include junction boxes, plugs and receptacles, datacom connectivity and enclosures, speciality communications equipment high voltage test systems and mining communication and contr ols. These wiring and electrical products are sold under var! ious bran! ds and/or trademarks, including Hubbell, Kellems, Bryant, Burndy, Wejtap, Implo, Raco, Bell, Wiegmann, Killark, Hawke, Chalmit, Victor, GAI-Tronics, Gleason Reel, Haefely, Hipotronics and Austdac.
Hubbell manufactures and sells lighting fixtures and controls for indoor and outdoor applications. The markets served include residential, commercial, institutional and industrial. The Company has a range of light emitting diode (LED)-luminaire products within its portfolio. Hubbell’s variety of lighting products includes canopy light fixtures, emergency lighting/exit signs, specification grade LED fixtures, floodlights and poles, recessed, surface mounted and track fixtures, parking lot/parking garage fixtures, bollards, and bath/vanity fixtures and fans. Its products also include chandeliers, sconces, directionals, fixtures used to illuminate athletic/recreational fields, decorative landscaping fixtures, flourescent fixtures, ceiling fans, site and area lighting fi xtures, and occupancy, dimming and daylight harvesting sensors.
These lighting products are sold under various brands and/or trademarks, including Kim Lighting, Sportsliter Solutions, Kurt Versen, Beacon Products, Architectural Area Lighting, Security Lighting Systems, Sterner Lighting, Prescolite, Precision-Paragon [P2], Hubbell Building Automation, Spaulding Lighting and Alera Lighting. Brands and/or trademarks also include Dual-Lite, Progress Lighting and Hubbell Outdoor Lighting.
The Power segment consists of operations that design and manufacture various distribution, transmission, substation and telecommunications products primarily used by the electrical utility industry. In addition, certain of these products are used in the civil construction and transportation industries. Products are sold to distributors and directly to users, such as electric utilities, telecommunication companies, pipeline and mining operation s, industrial firms, construction and engineering firms. Pro! ducts inc! lude Arresters, Cutouts and fuse links, lineman tools, hoses and gloves, overhead and pad mounted switches, high voltage bushings, insulators, cable terminations and accessories, formed wire products and splices, taps and connectors. Its products also include grounding equipment, programmable reclosures, sectionalizers, pole line hardware and polymer concrete and fiberglass enclosures and equipment pads.
These products are sold under various brands and/or trademarks, including Ohio Brass, Fargo, Quazite, Electro Composites, Hot Box, Chance, Hubbell, Quadri*sil, USCO, PCORE and Anderson. Brands and/or trademarks also include Polycast, Comcore, CDR and Delmar.
- [By Seth Jayson]
Hubbell (NYSE: HUBB ) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Hubbell met expectations on revenues and met expectations on earnings per share.
- [By Seth Jayson]
Hubbell (NYSE: HUBB ) reported earnings on July 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Hubbell met expectations on revenues and beat expectations on earnings per share.
10 Best Warren Buffett Stocks To Invest In Right Now: Scripps Networks Interactive Inc(SNI)
Scripps Networks Interactive, Inc. operates as a lifestyle content company in the United States and internationally. It engages in the operation of television networks, including Home and Garden Television, Food Network, Travel Channel, DIY Network, Cooking Channel, and Great American Country. The company also operates Websites, including FoodNetwork.com, Food.com, CookingChannelTV.com, HGTV.com, DIYnetwork.com, and Travelchannel.com that are associated with its television networks and other Internet-based businesses serving food, home, and travel related categories. Scripps Networks Interactive, Inc. is headquartered in Knoxville, Tennessee.
- [By Will Ashworth]
Somebody will buy Scripps Networks Interactive (SNI), given that HGTV and Food Network are both in the top 20. It looked momentarily like Discovery Communications (DISCA) might be the suitor, but the company backed out of talks this past week, preferring to focus on overseas expansion.
- [By Lauren Pollock]
Discovery Communications Inc.(DISCA) is mulling a bid for Scripps Network Interactive Inc.(SNI), the owner of cable channels like the Food Network and HGTV, according to a person familiar with the matter. Shares of Scripps jumped 10% to $83.01 premarket.
- [By Tim Beyers]
You probably don’t know Ken Lowe. Why should you? He’s the CEO of Scripps Network Interactive (NYSE: SNI ) , a five-year-old entertainment holding company that tends to keep clear of controversy. Or at least it used to.