Late Tuesday, Gilead Sciences (GILD) won a court ruling in its battle with Merck (MRK) over the intellectual property rights behind its blockbuster hepatitis-C drugs Harvoni and Sovaldi. Gabelli’s Jing He stands by her contention that Gilead is “the most undervalued stock” in biotech:
Gilead Sciences CEO John Milligan Victor J. Blue/Bloomberg News
On June 6, 2016, Mercks jury verdict against Gilead was voided by a federal judge who found that Mercks scientist and lawyer gave untruthful testimony during the trial. On March 24, 2016, a jury ruled against Gilead in Hep C patent suit and ordered the company to pay $200 million in damages to Merck, approximately 4% royalty of $5 billion Hep C US sales…
Patent Litigation and EPS Impact. Gilead proved that when applying for a patent, Merck used confidential information obtained from Pharmasset when Merck was interested in acquiring the company. Based on the judges ruling, we are updating our model by adding back $200 million on our 2016 EBITDA of $21.5 billion, resulting in $0.10 positive impact on our previous 2016 EPS of $12.15. Our projections from 2017-2020 are unchanged, as we assumed no royalty needs to be paid going forward.
Top 10 Long Term Companies To Watch In Right Now: Unilever PLC(UL)
Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, Europe, and the Americas. It offers personal care products, including skin care and hair care products, deodorants, and oral care products under the brand names of Axe, Brylcreem, Dove, Fissan, Lifebuoy, Lux, Pond’s, Radox, Rexona, Signal & Close Up, Simple, St Ives, Sunsilk, TRESemm, Vaseline, and VO5. The company also provides home care products comprising laundry tablets, powders and liquids, soap bars, and a range of cleaning products under the Cif, Comfort, Domestos, Omo, Radiant, Sunlight, and Surf brand names. In addition, it offers food products consisting of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads, as well as cooking products, such as liquid margarines. The company markets its food products under the brand names of Becel/Flora, Bertolli, Blue Band, Rama, Hellmann?s, Amora, and Knorr. Further, it provides refreshment products, which includ e ice cream, tea-based beverages, weight-management products, and nutritionally enhanced staples under the brand names of Heartbrand, Lipton, and Slim Fast. Unilever sells its products through its own sales force, as well as through independent brokers, agents, and distributors to chain, wholesale, co-operative and independent grocery accounts, food service distributors, and institutions. The company, formerly known as Lever Brothers Limited, was founded in 1885 and is based in London, the United Kingdom. Unilever PLC is a subsidiary of The Unilever Group.
- [By Ben Levisohn]
Strategic Rationale of Partnership Makes A Lot of Sense We believe with Anheuser-Buschs distribution strength,Starbucks will be able to expedite its plan to double its tea business to $2B by 2019 from ~$1B in FY15, especially given a potential halo effect we anticipate from the sale of Teavana at retail. Although this will beStarbucks’ first foray into retail with teas, the company is by no means a stranger to the channel as its coffees and Frappuccinos have been distributed at retail via a very successful partnership with PepsiCo (PEP). While some might questionStarbucks’ decision to partner withAnheuser-Busch vs PepsiCo, this makes sense to us givenPepsiCo is already bound to Unilever(UL)/Lipton on teas. Further, we believe this is a huge win forAnheuser-Busch given this partnership/opportunity fills a deep void theAnheuser-Busch distributors have had since losing the distribution of Monster Beverage (MNST) brands to Coca-Cola (KO). Ove rall, we believe this is a very powerful partnership between two formidable companies.
- [By Benzinga News Desk]
Unilever (NYSE: UL) signed an agreement to purchase Dollar Shave Club. In 2015, DSC had turnover of $152 million and is on track to exceed US$200 million in turnover in 2016.
- [By Ben Levisohn]
Castor believes the cash has disappeared into working capital, which has grown from 23% to more than 50% since 2008. Comparable company PrestigeBrand (PBH) uses 11%; Unilever(UL) and Colgate-Palmolive(CL) far less.
Top 10 Long Term Companies To Watch In Right Now: Nustar Energy L.P.(NS)
NuStar Energy L.P. engages in the terminalling, storage, and transportation of petroleum products primarily in the United States, Canada, the Netherlands, St. Eustatius in the Caribbean, the United Kingdom, and Mexico. The company operates in three segments: Storage, Transportation, and Asphalt and Fuels Marketing. The Storage segment operates terminal and storage facilities for petroleum products, specialty chemicals, crude oil, and other liquids; and crude oil storage tanks. Its terminals also offer pilotage, tug assistance, line handling, launch, emergency response, and other ship services. The Transportation segment transports refined petroleum products, crude oil, and anhydrous ammonia. This segment operates refined product pipelines in Texas, Oklahoma, Colorado, New Mexico, Kansas, Nebraska, Iowa, South Dakota, North Dakota, and Minnesota; and owns anhydrous ammonia pipelines located in Louisiana, Arkansas, Missouri, Illinois, Indiana, Iowa, and Nebraska. The Asphalt and Fuels Marketing segment refines crude oil to produce asphalt and other refined products. This segment also purchases gasoline and other refined petroleum products for resale. As of December 31, 2010, the company had 65 terminal and storage facilities providing approximately 80.4 million barrels of storage capacity; 5,605 miles of refined product pipelines with 21 associated terminals that offer storage capacity of 4.6 million barrels, as well as 2 tank farms providing storage capacity of 1.2 million barrels; 2,000 miles of anhydrous ammonia pipelines; 812 miles of crude oil pipelines with 16 associated storage tanks comprising storage capacity of 1.9 million barrels; and 2 asphalt refineries with a combined capacity of 104,000 barrels per day, as well as 2 associated terminal facilities with a combined storage capacity of 5.0 million barrels. Riverwalk Logistics, L.P. serves as the general partner of the company. NuStar Energy L.P. was founded in 1999 and is based in Sa n Antonio, Texas.
- [By Roberto Pedone]
One technology player that insiders are active in here is Jive Software (NS), which provides a social business software platform to businesses, government agencies, and other enterprises. Insiders are buying this stock into massive weakness, since shares are down sharply by 43% so far in 2014.
Jive Software has a market cap of $446 million and an enterprise value of $365 million. This stock trades at a fair valuation, with a price-to-sales of 2.68 and a price-to-book of 5.67. Its estimated growth rate for this year is 45.5%, and for next year it’s pegged at 30%. This is a cash-rich company, since the total cash position on its balance sheet is $98.18 million and its total debt is $6.60 million.
A director just bought 260,819 shares, or about $1.71 million worth of stock, at $6.53 to $6.60 per share.
From a technical perspective, JIVE is currently trending just above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock recently pulled back off its short-term high of $7.14 a share with heavy downside volume flows. That drop has now pushed the stock to right above its 50-day moving average at $6.10 a share.
If you’re bullish on JIVE, then I would look for long-biased trades as long as this stock is trending above its 50-day at $6.10 a share and then once it breaks out above some key near-term overhead resistance levels at $7.14 a share to its 200-day moving average of $7.43 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 557,678 shares. If that breakout triggers soon, then JIVE will set up to re-test or possibly take out its next major overhead resistance levels $8.50 to $9 a share, or even $9.50 to $10 a share.
Must Read: 10 Stocks George Soros Is Buying
Hot Telecom Companies To Buy Right Now: Leading Brands Inc(LBIX)
Leading Brands, Inc., together with its subsidiaries, engages in the development, production, marketing, and distribution of beverages in Canada, the western United States, and Asia. It also involves in beverage bottling, as well as in the sale, merchandising, brand development, brand licensing, and brand management of beverage products. The company?s principal product lines comprise juices and waters. It sells its products under TrueBlue, LiteBlue, and PureBlue brand names, as well as under licensed brand Stewart?s Fountain Classics. The company sells beverage products through its sales force, as well as through outside brokers and agents to retail, wholesale, and distribution outlets. The company was formerly known as Brio Industries Inc. and changed its name to Leading Brands, Inc. in October 1999. Leading Brands, Inc. was founded in 1986 and is headquartered in Vancouver, Canada.
- [By Lisa Levin]
Leading Brands, Inc (USA) (NASDAQ: LBIX) shares shot up 66 percent to $2.49 following Q1 results. Leading Brands reported Q1 earnings of $0.10 per share on revenue of $3.033 million.
Top 10 Long Term Companies To Watch In Right Now: Interpublic Group of Companies, Inc. (The)(IPG)
The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates through two segments, Integrated Agency Networks and Constituency Management Group. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. It also provides various diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The companys brands comprise McCann, MullenLowe, IPG Mediabrands, Carmichael Lynch, Deutsch, Hill Holliday, and The Martin Agency, as well as Foote, Cone & Belding. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.
- [By Michael Flannelly]
Jefferies analysts noted that Interpublic Group of Companies Inc (IPG) offers some upside, but certain factors will continue to weigh down the stock. As such, the analysts upgraded the marketing and advertising company on Wednesday, but only with a tepid rating.
The analysts upgraded IPG from “Underperform” to “Hold” and now see shares reaching $17.20, up from the previous target of $11. This new price target suggests a slight upside to the stock’s Tuesday closing price of $16.92.
Jefferies analyst David Reynolds commented, “There’s a lot to be said for IPG, robust earnings growth profile, plays well into a ‘growth’ ad spend market and perhaps it remains the key beneficiary of all things POG. Yet, issues around North American profitability and developing economy scale continue to weigh. Richly valued and thus only c.2% upside to the ‘old normal’ and demonstrably bullish 16.7x forward earnings, we think warrants a HOLD. We set our new PT at US$17.20, 16.7x FY14 earnings.”
Interpublic Group shares were inactive during pre-market trading on Wednesday. The stock is up 53.54% year-to-date.
Top 10 Long Term Companies To Watch In Right Now: Nobilis Health Corp.(HLTH)
Nobilis Health Corp., together with its subsidiaries, acquires and manages ambulatory surgical centers (ASCs) and healthcare facilities in the United States. Its ASCs are licensed ambulatory surgery centers that provide scheduled surgical procedures in clinical specialties, including orthopedic surgery, podiatric surgery, ENT, pain management, gastro- intestinal, gynecology, and general surgery. As of March 18, 2015, the company owned and managed 10 healthcare facilities in Texas and Arizona; a surgical hospital in Houston; 6 ambulatory surgery centers; 2 MRI centers; and an urgent care center. The company was formerly known as Northstar Healthcare Inc. and changed its name to Nobilis Health Corp. in December 2014. Nobilis Health Corp. was founded in 2007 and is headquartered in Houston, Texas.
- [By Monica Gerson]
Nobilis Health Corp (NYSE: HLTH) is expected to report its quarterly earnings at $0.19 per share on revenue of $91.92 million.
Avid Technology, Inc. (NASDAQ: AVID) is estimated to post its quarterly earnings at $0.36 per share on revenue of $144.02 million.
Top 10 Long Term Companies To Watch In Right Now: Alon USA Partners, LP(ALDW)
Alon USA Partners, LP refines and markets petroleum products in the United States. The company owns and operates a crude oil refinery in Big Spring, Texas with crude oil throughput capacity of 73,000 barrels per day. It refines oil into petroleum products, including gasoline, diesel, jet fuel, petrochemicals, petrochemical feed stocks, asphalts, and other petroleum products. The company sells its products through its wholesale distribution network to retail convenience stores and other third-party distributors primarily in Central and West Texas, Oklahoma, New Mexico, and Arizona. Alon USA Partners GP, LLC serves as a general partner of the company. The company was founded in 2012 and is based in Dallas, Texas. Alon USA Partners, LP is a subsidiary of Alon USA Energy, Inc.
- [By Tom Dorsey]
Over a several day period, I submitted questions and Mr. Eisman, President, Chief Executive Officer and Director of Alon USA Energy Inc. (ALJ) and the parent company of Alon USA Partners LP Inc. (ALDW) responded. He provided some key insights to some challenges the company faces, where the company is going, and the opportunities available in the future. This insight should provide investors with additional information to understand the value of the company and the opportunity as an investor in the company.
Top 10 Long Term Companies To Watch In Right Now: Chipotle Mexican Grill Inc.(CMG)
Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, and England. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. As of December 31, 2011, it operated 1,230 restaurants, which includes 1 ShopHouse Southeast Asian Kitchen. Chipotle Mexican Grill, Inc. was founded in 1993 and is based in Denver, Colorado.
- [By Johanna Bennett]
If youre waiting for Chipotle Mexican Grill (CMG) to recover from last year’s E. coli and salmonella outbreaks, dont hold your breath.
Chipotle is expected to report second-quarter earnings in mid-to-late July. William Brinson
Thats the warning from Morgan Stanley analyst John Glass. He downgraded the fast-casual chain of Mexican eateries to an equal weight from an overweight and cut the price target to $405 from $500, citing new evidence that a sales recovery could prove to be far more protracted than the Street expects.
Glass cited the results of a consumer survey he and his team ran in June to test attitudes towards Chipotle. Six months have passed since the last reported food safety incident, and according to survey results, approximately 25% of CMGs customershave stopped going or reduced the frequency of their visits.
Key findings: six months on, still about 13% of CMG consumers say they won’t go back anytime soon, or at least not for another year similar to results seen in January. Additionally, 20% of the customers who still go (i.e., customers who returned in 2016 after having eaten at CMG in 2015) have lowered their frequency. This is much higher than the fast casual peer average of ~13%. In this context, CMG has recently launched a limited time frequency-based rewards program. And while comps should begin to improve in the 2H16, our work has compelled us to rethink the rate of improvement and commensurate margin gains in both ’16 and ’17, as well as longer term.
On the heels of these findings, Glass cut his same store sales forecasts for the third and fourth quarters, predicting a 16% drop and a 4% gain respectively. He also cut his 2017 sales growth forecast to 6% from a previous 6.5%.
Chipotle fell $2.34% today to $408.18.
To say that Chipotle has been volatile this year is an understatement. As of yesterdays closing bell, the stock had been on a week-lon
Top 10 Long Term Companies To Watch In Right Now: Phillips 66(PSX)
Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).
The Company gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGLs) in the United States. In addition, this segment also transports crude oil and other feedstocks to its refineries and other locations, and delivers refined and specialty products to market, and provides storage services for crude oil and petroleum products. The Midstream segment includes, among other businesses, the Company’s equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP. The Midstream segment consists of three business lines: Transportation, DCP Midstr eam and NGL.
The transportation business line transports crude oil and other feedstocks to its refineries and other locations, and delivers refined and specialty products to market, and provides storage services for crude oil and petroleum products. The operations of its master limited partnership, Phillips 66 Partners LP, are included in the transportation business line. The DCP Midstream business line gathers, processes, transports and markets natural gas, and transports, fractionates and markets NGL.
The Company owns or leases assets to provide delivery and storage of crude oil, refined products, natural gas and NGL. These assets include pipeline systems; petroleum product, crude oil and liquefied petroleum gas (LPG) terminals; a petroleum coke handling facility; marine vessels, and railcars and trucks. Its transportation business manages over 18,000 miles of crude oil, natural gas, NGL and petroleum products pipeline systems in the United States , including those partially owned or operated by affiliates.! The Company owns or operates over 40 finished product terminals, 40 storage locations, five LPG terminals, 20 crude oil terminals and one petroleum coke exporting facility. It has interest in Rockies Express Pipeline LLC (REX). The REX natural gas pipeline runs over 1,710 miles from Meeker, Colorado, to Clarington, Ohio, and has a natural gas transmission capacity of over 1.8 billion cubic feet per day (BCFD), with most of its system having a pipeline diameter of over 40 inches. The REX pipeline is designed to enable natural gas producers in the Rocky Mountain region to deliver natural gas supplies to the Midwest and eastern regions of the United States.
The Company owns a limited partner interest in Phillips 66 Partners, which is a master limited partnership formed to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and NGL pipelines and terminals, as well as other transportation and midstream assets. Phillips 66 Partn ers’ assets consist of crude oil and refined petroleum product pipeline, terminal, rail rack and storage systems in the Central, Gulf Coast, Atlantic Basin and Western regions of the United States. Its vessels are used primarily to transport feedstocks or provide product transportation for certain of its refineries, including delivery of domestic crude oil to its Gulf Coast and East Coast refineries. Truck and rail operations support the Company’s feedstock and distribution operations. Rail movements are provided via a fleet of over 12,300 owned and leased railcars. Truck movements are provided through approximately 170 third-party truck companies, as well as through Sentinel Transportation LLC, in which the Company holds an equity interest.
Midstream segment includes the Company’s equity investment in DCP Midstream. DCP Midstream owns or operates over 64 natural gas processing facilities, with a net processing capacity of approximately 8.0 BCFD. DCP Midstream’s owned or operated natural gas pipeline systems include gath! ering ser! vices for these facilities, as well as natural gas transmission, and totaled approximately 68,000 miles of pipeline. DCP Midstream also owns or operates over 10 NGL fractionation plants, along with natural gas and NGL storage facilities, a propane wholesale marketing business and NGL pipeline assets. The residual natural gas, primarily methane, which results from processing raw natural gas, is sold by DCP Midstream at market-based prices to marketers and end users, including industrial companies, natural gas distribution companies and electric utilities.
The Company’s NGL business includes its equity interest in Gulf Coast Fractionators, which owns an NGL fractionation plant in Mont Belvieu, Texas. The Company has equity interest in a fractionation plant in Mont Belvieu, Texas, and its net share of capacity is over 30,250 barrels per day. The Company has equity interest in a fractionation plant in Conway, Kansas, and the Company’s net share of capacity is approx imately 43,200 barrels per day. It also has one-third interest in both the DCP Sand Hills and DCP Southern Hills pipeline entities, connecting Eagle Ford, Permian and Midcontinent production to the Mont Belvieu, Texas market.
The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem). CPChem’s business is structured around two primary operating segments: Olefins and Polyolefins (O&P) and Specialties, Aromatics and Styrenics (SA&S). The O&P segment produces and markets ethylene and other olefin products; the ethylene produced is primarily consumed within CPChem for the production of polyethylene, normal alpha olefins and polyethylene pipe. The SA&S segment manufactures and markets aromatics products, such as benzene, styrene, paraxylene and cyclohexane, as well as polystyrene and styrene-butadiene copolymers. SA&S also m anufactures and/or markets a range of specialty chemical pro! ducts, in! cluding organosulfur chemicals, solvents, catalysts, drilling chemicals and mining chemicals. CPChem, including through its subsidiaries and equity affiliates, has manufacturing facilities located in Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, South Korea and the United States.
The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at over 15 refineries, mainly in the United States and Europe. The Bayway Refinery is located on the New York Harbor in Linden, New Jersey. Bayway refining units include a fluid catalytic cracking unit, over two hydrodesulfurization units, a naphtha reformer, an alkylation unit and other processing equipment. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel and jet fuel, as well as petrochemical feedstocks, residual fuel oil and home heating oil. The complex also includes an approximately 775-million-pound-per-year polypropylene plant.
The Humber Refinery is located on the east coast of England in North Lincolnshire, the United Kingdom. It produces a high percentage of transportation fuels, such as gasoline, diesel and jet fuels. Humber’s facilities encompass fluid catalytic cracking, thermal cracking and coking. This refinery has over two coking units with associated calcining plants, which upgrade the heaviest part of the crude barrel and imported feedstocks into light oil products and graphite and anode petroleum cokes. Approximately 60% of the light oils produced in this refinery are marketed in the United Kingdom, while the other products are exported to the rest of Europe, West Africa and the United States.
The Whitegate Refinery is located in Cork, Ireland. This refinery produces transportation fuels, such as gasoline, diesel and fuel oil, which are distributed to the inland market, as well as being e xported to international markets. The Mineraloelraffinerie O! berrhein ! GmbH (MiRO) refinery, located on the Rhine River in Karlsruhe in southwest Germany, is a joint venture in which the Company owns interest. Facilities include over three crude unit trains, fluid catalytic cracking, petroleum coking and calcining, hydrodesulfurization, naphtha reformer, isomerization, ethyl tert-butyl ether and alkylation units. MiRO also produces a high percentage of transportation fuels, such as gasoline and diesel fuels. Other products include petrochemical feedstocks, home heating oil, bitumen and anode- and fuel-grade petroleum coke. Refined products are delivered to customers in southwest Germany, northern Switzerland and western Austria by truck, railcar and barge.
The Alliance Refinery is located on the Mississippi River in Belle Chasse, Louisiana. The single-train facility includes fluid catalytic cracking units, alkylation, delayed coking, hydrodesulfurization units, a naphtha reformer and aromatics unit. Alliance produces a high percent age of transportation fuels, such as gasoline, diesel and jet fuels. Other products include petrochemical feedstocks, home heating oil and anode-grade petroleum coke.
The Lake Charles Refinery is located in Westlake, Louisiana. Its facilities include fluid catalytic cracking, hydrocracking, delayed coking and hydrodesulfurization units. The refinery produces a high percentage of transportation fuels, such as low-sulfur gasoline and off-road diesel, along with home heating oil. The majority of its refined products are distributed by truck, railcar, barge or major common carrier pipelines to customers in the southeastern and eastern United States. Refined products can also be sold into export markets through the refinery’s marine terminal. Refinery facilities also include a specialty coker and calciner, which produce graphite petroleum coke for the steel industry.
The Sweeny Refinery is located in Old Ocean, Texas, approximately 65 miles southwest of Houston. Refinery facilities include fluid catalytic crackin! g, delaye! d coking, alkylation, a naphtha reformer and hydrodesulfurization units. The refinery receives crude oil primarily via tankers, through wholly and jointly owned terminals on the Gulf Coast, including a deepwater terminal at Freeport, Texas. It produces a high percentage of transportation fuels, such as gasoline, diesel and jet fuels. Other products include petrochemical feedstocks, home heating oil and fuel-grade petroleum coke.
Merey Sweeny, L.P. (MSLP) owns a delayed coker and related facilities at the Sweeny Refinery. MSLP processes long residue, which is produced from heavy sour crude oil, for a processing fee. Fuel-grade petroleum coke is produced as a by-product and becomes the property of MSLP. The Company is the operator and managing partner of WRB Refining LP (WRB), which consists of the Wood River and Borger refineries. WRB’s gross processing capability of heavy Canadian or similar crudes ranges between 235,000 and 255,000 barrels per day. The Company’ s other refineries include Ponca City Refinery, Billings Refinery, Ferndale Refinery, Los Angeles Refinery and San Francisco Refinery.
Marketing and Specialties
The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. In addition, this segment includes the manufacturing and marketing of specialty products (such as base oils and lubricants), as well as power generation operations. The Company markets gasoline, diesel and aviation fuel through approximately 8,350 marketer-owned or -supplied outlets in over 50 states of the United States. Its wholesale operations utilize a network of marketers operating approximately 6,700 outlets. In addition, the Company holds brand-licensing agreements with approximately 800 sites. In addition to automotive gasoline and diesel, the Company produces and markets jet fuel and aviation ga soline, which is used by smaller piston-engine aircraft. Avi! ation gas! oline and jet fuel were sold through dealers and independent marketers at approximately 850 Phillips 66-branded locations in the United States.
The Company has marketing operations in over five European countries. The Company uses the JET brand name to market retail and wholesale products in Austria, Germany and the United Kingdom. In addition, a joint venture in which the Company has an equity interest markets products in Switzerland under the Coop brand name. The Company also markets aviation fuels, LPG, heating oils, transportation fuels, marine bunker fuels, bitumen and fuel coke specialty products to commercial customers and into the bulk or spot markets in Austria, Germany, the United Kingdom, Switzerland and Ireland. In addition, through its joint venture operations in Switzerland, the Company has interests in over 295 additional sites.
The Company manufactures and sells a range of specialty products, including petroleum coke products, waxes, solvents and polypropylene. It markets graphite and anode-grade petroleum cokes in the United States and Europe for use in the global steel and aluminum industries. It also markets polypropylene in North America under the COPYLENE brand name. The Company own an interest in Excel Paralubes, a joint venture, which owns a hydrocracked lubricant base oil manufacturing plant located adjacent to the Lake Charles Refinery. This facility produces approximately 22,000 barrels per day of hydrocracked base oils.
The Company manufactures and sells automotive, commercial and industrial lubricants, which are marketed under the Phillips 66, Conoco, 76 and Kendall brands, as well as other private label brands. It also markets Group II Pure Performance base oils globally, as well as import and market Group III Ultra-S base oils through an agreement with Korea’s S-Oil corporation. It has interests in Sweeny Cogeneration, L.P., which owns a cogeneration power plant located adjace nt to the Sweeny Refinery. The plant generates electricity a! nd provid! es process steam to the refinery, as well as merchant power into the Texas market. The plant has a net electrical output of approximately 440 megawatts and is capable of generating over 3.6 million pounds per hour of process steam.
- [By Ben Levisohn]
Berkshire’s QTD returns primarily reflected outperformance in technology and financials (International Business Machines (IBM), Moody’s (MCO), U.S. Bancorp (USB), and American Express (AXP)), partly offset by underperformance within energy, healthcare, and consumer-nondurables (Phillips 66 (PSX), Coca-Cola (KO), and DaVita HealthCare Partners (DVA)).
- [By Tyler Crowe]
For refiners, though, that spread in price led to very lucrative refining margins. As that spread has narrowed, so too has margins for refiners.
Refining Margins Q4 2012 Q2 2013 Valero (NYSE: VLO ) $12.27 $9.26 Phillips 66 (NYSE: PSX ) $13.67 $9.88 HollyFrontier (NYSE: HFC ) $24.00 $20.28 CVR Refining (NYSE: CVRR ) $28.08 $20.30
Source: Company Earnings releases
Top 10 Long Term Companies To Watch In Right Now: Sina Corporation(SINA)
SINA Corporation provides online media and mobile value-added services (MVAS) in the People?s Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. SINA.com offers free interest-based channels that provide region-focused format and content, including news, sports, automobile-related news, finance, entertainment, luxury, technology, digital, tools, collectibles, video, music, and wireless application protocol, as well as interactive platform for fashion-conscious users to share comments and ideas on a range of topics, such as health, cosmetics, and beauty. The company’s microblogging platform, Weibo.com, enables its users to follow the hottest topics being discussed online, as well as discussions related to people they know. Weibo accounts consist of celebrities, commercial enterprises, government entities, and grass root Internet users. Its SINA Mobile service allows users to receive news and informatio n, download ring tones, mobile games and pictures, and participate in dating and friendship communities. The company also offers SINA Game, which serves as an interactive platform that provides users with downloads and gateway access to popular online games; SINA eReading, a shop for book reviews; SINA.net, an enterprise solutions platform to assist businesses and government bodies; and SINA Mall, an online shopping Website. In addition, it provides a platform for Chinese bloggers; photo-sharing platform; free email, VIP mail, and corporate email for enterprise users; audio and video-based instant messaging tools; proprietary search technology; and classified advertising services, as well as hosts topic-specific discussion forums in Chinese language; and creates user-maintained and supported online communities. The company has strategic cooperation agreement with China Unicom (Hong Kong) Limited. SINA Corporation was founded in 1997 and is headquartered in Shanghai, the Peo p le?s Republic of China.
- [By Monica Gerson]
SINA Corp (NASDAQ: SINA) is projected to post a quarterly loss at $0.05 per share on revenue of $189.47 million.
Eldorado Gold Corp (USA) (NYSE: EGO) is expected to post a quarterly loss at $0.01 per share on revenue of $188.91 million.
Top 10 Long Term Companies To Watch In Right Now: The Joint Corp.(JYNT)
The Joint Corp., incorporated on March 10, 2010, develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company is franchisor and operator of chiropractic clinics that uses a private pay, non-insurance, cash-based model. The Company offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention. The Company offers extended hours of operation, including weekends.
The Company has approximately 310 franchised, company-owned, or managed clinics in operation in over 30 states. In addition to its approximately 310 operating clinics, the Company has granted franchises either directly or through its regional developers for an additional over 170 clinics. The Company offers a range of membership and wellness packages. Each patient’s records are digitally updated for ready re trieval in its data storage system by its chiropractors in compliance with various applicable medical records security and privacy regulations.
The Company competes with HealthSource Chiropractic and ChiroOne.
- [By Monica Gerson]
Joint Corp (NASDAQ: JYNT) is estimated to post a quarterly loss at $0.28 per share on revenue of $4.13 million.
Synacor Inc (NASDAQ: SYNC) is projected to post a quarterly loss at $0.03 per share on revenue of $30.00 million.