General Electric (GE) beat the S&P 500 by nearly five percentage points in 2013, but the stock hasn’t been getting much love from investors. Is that good news for General Electric and other industrial stocks?
Yes, says Deutsche Bank’s John Inch and Karen Lau. They explain:
…our positive calls on GE last year were frequently met with resistance (to be polite). Despite GE’s share price appreciation that was driven by earnings beats and new management (CFO) providing a framework for meaningful cost-out runway (for years) and shrinking GE Capital (Retail Finance IPO and subsequent exchange offer), there appears to be little evidence that investors have significantly moved to close their long term GE underweight positions (hence providing future upside). With GE remaining the biggest industrial (by far), it therefore intuitively seems hard to argue the group is over owned (and over loved).
Top Up And Coming Companies To Watch In Right Now: PetMed Express Inc.(PETS)
PetMed Express, Inc., doing business as 1-800-PetMeds, operates a pet pharmacy in the United States. It markets non-prescription and prescription pet medications; and other health products for dogs and cats, as well as direct to consumers. The company?s non-prescription medications include flea and tick control products, bone and joint care products, vitamins and nutritional supplements, and hygiene products. Its prescription medications comprise heartworm preventatives; arthritis, thyroid, diabetes, and pain medications; antibiotics and other specialty medications; and generic substitutes. In addition, the company, through its Web site, 1800petmeds.com, sells beds, crates, stairs, strollers, and other pet supplies. PetMed Express offers its products under the Frontline Plus, K9 Advantix, Advantage, Heartgard Plus, Sentinel, Interceptor, Program, Revolution, Deramaxx, and Rimadyl brands. The company markets its products through national television, online, and direct mail /print advertising campaigns, as well as through telephone, catalogs, brochures, and postcards. It primarily serves retail customers. PetMed Express was founded in 1996 and is headquartered in Pompano Beach, Florida.
- [By Monica Gerson]
PetMed Express (NASDAQ: PETS) is projected to report its Q3 earnings at $0.23 per share on revenue of $52.06 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
- [By Jason Clark]
PetMed Express (PETS) announced that its fiscal Q2 net income climbed 5% on increased reorders, higher online sales, and lower operating expenses.
- [By John Udovich]
About a week ago, Wall Street was biting small cap pet stock Petmed Express Inc (NASDAQ: PETS) for not living up to its earnings expectations – meaning it might be worth taking a closer look at the stock and compare its performance with other pet stocks like mid cap PetSmart, Inc (NASDAQ: PETM) and small cap VCA Antech Inc (NASDAQ: WOOF). I should also mention that we have recently added Petmed Express to our SmallCap Network Elite Opportunity (SCN EO) portfolio because we think the stock is undervalued in the pet space and has tremendous growth potential moving forward.
- [By Ben Levisohn]
On the downside, Halliburton (HAL) fell 3.5% to $50.66 after beating earnings but underperforming competitors, while Regeneron Pharmaceuticals (REGN) fell 2.4% to $294.89 after it reported positive trial data on Eylea and that it will file an application with the FDA in a few months. And our big loser of the day: PetMed Express (PETS), which plunged 9.8% to $15.21, the biggest drop in the S&P 1500. It reported a profit of 21 cents a share, missing forecasts for a profit of 22 cents.
Top Up And Coming Companies To Watch In Right Now: Linde AG (LIN)
Linde AG is a German company engaged in the gases and engineering sector. It operates two divisions: Gases and Engineering, as core divisions, as well as Gist. The Gases Division includes Healthcare, producing medical gases; and Tonnage, as its two global business units; as well as the two business areas Merchant and Packaged Gases, offering liquefied and cylinder gases, and Electronics. The Company’s products are used in the energy sector, for steel production, chemical processing, environmental protection and welding, as well as in food processing, glass production and electronics. The Engineering division offers planning, project development and construction of turnkey industrial plants used in fields, such as petrochemical and chemical industries, in refineries and fertilizer plants, to recover air gases, to produce hydrogen and synthesis gases, to treat natural gas, and in the pharmaceutical industry. As of August 13, 2012, the Company acquired Lincare Holdings Inc. Advisors’ Opinion:
- [By Jake L’Ecuyer]
Shares of LIN Media LLC (NYSE: LIN) got a boost, shooting up 21.92 percent to $26.20 after Media General (NYSE: MEG) announced its plans to buy Lin Media LLC for $1.6 billion.
- [By Jake L’Ecuyer]
Shares of LIN Media LLC (NYSE: LIN) got a boost, shooting up 30.67 percent to $28.08 after Media General (NYSE: MEG) announced its plans to buy Lin Media LLC for $1.6 billion.
- [By Jeremy Bowman]
What: Shares of LIN TV (NYSE: LIN ) were up as much as 13% today, climbing steadily after the local media provider announced this morning its second acquisition in less than a week.
- [By John Udovich]
Small cap media stock LIN Media LLC (NYSE: LIN) might not be a household name, but there is a good chance you might be watching the company’s programs because like the Sinclair Broadcast Group, Inc (NASDAQ: SBGI) and Nexstar Broadcasting Group, Inc (NASDAQ: NXST), its helping to consolidate the media industry plus its making investment in other forms of media like social media. The stock has also outperformed those two peers along with the PowerShares Dynamic Media Portfolio ETF (NYSEARCA: PBS).
Top Up And Coming Companies To Watch In Right Now: Starz (STRZA)
Starz, formerly Liberty Media Corporation, incorporated on May 7, 2007, is an integrated global media and entertainment company with operating units that provide subscription video programming on domestic United States pay television channels (Starz Channels), global content distribution (Starz Distribution) and animated television and movie production (Starz Animation). As of January 14, 2013, the Company’s network included Starz, Encore, and Movieplex, Retroplex, Indieplex. Starz includes contemporary hit movies, original series and documentaries on six premium channels, available in high definition (HD) and hundreds On Demand. Encore includes favorite movies across eight themed movie channels, ENCORE HD, and an On Demand channel. Movieplex, Retroplex and Indieplex involves featuring a variety of movies packaged to match a mood or an attitude. As of January 14, 2013, the Company’s businesses included Anchor Bay Entertainment, Starz Worldwide Distribution, and Starz D igital Media. On January 11, 2013, Liberty Media Corporation (Liberty) and Starz announced the completion of the spin-off of Liberty from Starz. In connection with the spin-off, Starz changed its name from Liberty Media Corporation to Starz.
Starz Channels is a provider of premium subscription video programming through the flagship STARZ and ENCORE pay television (TV) networks, which showcase original programming and movies to United States multichannel video distributors, including cable operators, satellite television providers, and telecommunications companies. As of September 30, 2012, STARZ and ENCORE served a combined 55 million subscribers, including 21 million online offerings through STARZ PLAY, ENCORE PLAY, and MOVIEPLEX PLAY. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on digital versatile disk (DVD), digital formats and traditional television. Starz Distribution’s home video, digita l media and worldwide distribution business units distribute! original programming content produced by Starz, as well as entertainment content for itself and third parties. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide.
Starz Digital Media is a distributor of digital and on-demand content. Starz Digital Media distributes original programming content (Starz and AMC), feature films (The Weinstein Company, Anchor Bay Films, RADiUS-TWC), anime (Manga Entertainment) and other filmed entertainment utilizing various business models, including download-to-own/electronic sell-through, video-on-demand, pay-per-view, subscription video-on-demand and ad-supported streaming. Starz Digital Media also programs and supports numerous ad-supported broadband channels and develops games, applications and other related content from many of its properties for distribution worldwide.
Anchor Bay Films is a division of Anchor Bay Entertainment and provides quality movie distribution with operations in the United States, United Kingdom, Canada, Australia, and offers distribution capabilities in other key territories. Anchor Bay Films offers the creative community an integrated distribution capability on all platforms and an international solution extending beyond the United States.
Starz Worldwide Distribution is a distributor of movies, televisions series, documentaries, children’s programming, and other video content. Starz Worldwide Distribution licenses and syndicates Starz original series and other owned and licensed third party programming on a worldwide basis.
- [By Rick Munarriz]
Marco Polo — a nine-episode series that was originally being developed for Starz (NASDAQ: STRZA ) — will begin filming shortly. It will be available through Netflix across all of its territories later this year. The producers tell Variety that the show is set in China, in a world “replete with astonishing martial arts, sexual intrigue, political skullduggery and spectacular battles.”
- [By Tim Beyers]
Episodes ordered: 16
Starring: Caitriona Balfe, Sam Heughan
Network: Starz (NASDAQ: STRZA )
Premise: Based on the hit book series from author Diana Gabaldon, the show tells the tale of a married former WWII combat nurse transported in time to feudal Scotland, where she proceeds to fall in love with a young warrior.
- [By Chris Katje]
In January, Liberty Media (LMCA) completed the spin-off of Starz (STRZA). The newly separated company has key premium channel assets in the Starz and Encore brands. Starz also has developed a plan of creating original shows to coincide with its strong release of new movies. One new drama in development could turn out to be a sleeper hit for the network.
Top Up And Coming Companies To Watch In Right Now: Anglo American PLC (AAUKY.PK)
Anglo American plc (Anglo American), incorporated on May 14, 1998, is a mining company. The Company’s portfolio include Bulk commodities which consists of iron and manganese, metallurgical coal and thermal; base metals, which consists of copper, nickel and niobium; Precious metals and minerals, which include platinum and diamonds and Other Mining and Industrial. The Company operates in Africa, Brazil, Chile, North and South America, Australia, China, India, Japan, other Asia and Europe. In November 2013, Anglo American PLC announced the completion of its sale of the Amapa iron ore operation in Brazil (Amapa) to Zamin Ferrous Ltd. In January 2014, Anglo American completed the acquisition of Mineral Technology Exploration Production SA (MINTEP) and Societe Miniere d’Alumine SA.
Iron and Manganese
The Company’s Iron Ore portfolio consist a 69.7% holding in Kumba Iron Ore Limited (Kumba), a supplier of seaborne iron ore, and Iron Ore Brazil’s 10 0% interest in Anglo Ferrous Minas-Rio, a 49% shareholding in LLX Minas-Rio, which owns the port of Acu, and a 70% interest in the Amapa iron ore system. During the year ended December 31, 2012, Kumba operated three mines: Sishen Mine in the Northern Cape, which produced 33.7 million tons (MT) of iron ore, Thabazimbi Mine in Limpopo, with an output of 0.8 MT and Kolomela mine, also in the Northern Cape and produced 1.5 MT. During 2011, Kumba exported more than 85% of its total iron ore sales volumes of 444 million tons, with 69% of these exports destined for the People’s Republic of China and the remainder to Europe, Japan, South Korea and the Middle East. Its Minas-Rio iron ore project is located in the states of Minas Gerais and Rio de Janeiro.
The Company’s Manganese interests consist of a 40% holding in Samancor Holdings, which owns Hotazel Manganese Mines and Metalloys, both in South Africa, and a 40% holding in each of the Australian-based operations Groote Eylandt Mining Company (GEMCO) and Tasmanian Electro ! Metallurgical Company (TEMCO), with BHP Billiton owning 60% and having management control. It is producer of seaborne manganese ore and is top three global producers of manganese alloy. Its operations produce a combination of ores, alloys and metal from sites in South Africa and Australia.
The Company’s coal operations in Australia are based on the east coast, from where Metallurgical Coal serves a range of customers throughout Asia and the Indian subcontinent, and Europe and South America. Its metallurgical coal operation in Canada, Peace River Coal, mainly serves customers in Europe, Japan and South America. Metallurgical Coal operated six mines, one wholly owned and five in which it has a controlling interest. Five of the mines are located in Queensland’s Bowen Basin: Moranbah North (metallurgical coal), Capcoal (metallurgical and thermal coal), Foxleigh (metallurgical coal), Dawson (metallurgical and thermal coal) and Call ide (thermal coal). Drayton mine (thermal coal) is in the Hunter Valley in New South Wales. Moranbah North is an underground longwall mining operation with a mining lease covering 100 square kilometers.
Capcoal operates two longwall underground mines and an open cut mine. Together, they produce around 5.0 MT annually of hard coking coal, pulverised coal injection (PCI) and thermal coal. Capcoal also supplies methane-rich seam gas to Energy Developments Limited’s power station. Foxleigh is an open cut operation with an annual output exceeding 1.4 million tons of PCI coal. During 2012, Dawson, which is an open cut operation, produced 4.6 MT total of coking and thermal coal. During 2012, Capcoal operates two underground mines and an open cut mine. Together, they produced around 6.0 Mt of hard coking, pulverised coal injection (PCI) and thermal coals. During 2012, Foxleigh is an open cut operation which produced 1.9 Mt of high quality PCI coal.
Therm al Coal
Thermal Coal operates in South Africa a! nd and is! a joint partner in Cerrejon, Colombia. In South Africa, Thermal Coal wholly owns and operates nine mines and has a 50% interest in the Mafube colliery and Phola washing plant. During 2012, six of the mines supplied 23 million tons per annum of thermal coal to both export and local markets. New Vaal, New Denmark and Kriel collieries are domestic product operations supplying 29 million tons per annum of thermal coal to Eskom, the state-owned power utility. During 2012, Isibonelo mine produced five million tons per annum of thermal coal for Sasol Synthetic Fuels, the coal to liquids producer, under a 20 year supply contract. Thermal Coal’s South African operations route all export thermal coal through the Richards Bay Coal Terminal (RBCT), in which it has a 24.2% shareholding, to customers throughout the Med-Atlantic and Asia-Pacific regions. Within South Africa, 62% of total sales tons are made to the Eskom power utility.
The Company has in terests in six copper operations in Chile. The wholly owned operations consists of the Mantos Blancos and Mantoverde mines, and it hold a 50.1% interest in Anglo American Sur (AA Sur), which includes the Los Bronces and El Soldado mines and the Chagres smelter. It has a 44% interest in the Collahuasi mine. The mines also produce associated by-products, such as molybdenum and silver. In addition, it has interests in Quellaveco and Michiquillay projects in Peru and a 50% interest in the Pebble project in Alaska.
Nickel has three ferronickel operations: Codemin and Barro Alto in Brazil and Loma de Niquel in Venezuela. Within the
business unit’s portfolio there are also two projects, Jacare and Morro Sem Bone, both in Brazil, and exploration projects in Finland, Canada and Australia.
The Company’s Platinum business, based in South Africa, is the producer of platinum. Platinum mines, processes and refi nes the entire range of platinum group metals (PGMs): platin! um, palla! dium, rhodium, ruthenium, iridium and osmium. Base metals such as nickel, copper and cobalt sulphate are secondary products and are contributors to earnings. Platinum’s operations exploit reserve of PGMs, known as the Bushveld Complex, which contains PGMbearing Merensky, UG2 and Platreef ores. During the year ended December 31, 2012, Platinum wholly owns 10 mining operations in production, a tailings re-treatment facility, three smelters, a base metals refinery and a precious metals refinery. Concentrating, smelting and refining of the output are undertaken at Rustenburg Platinum Mines’ (RPM) metallurgical facilities. During 2012, Platinum’s 100% owned mining operations consists of the five mines at Rustenburg Section: Khomanani, Bathopele, Siphumelele, Thembelani and Khuseleka; Amandelbult Section’s two mines, Tumela and Dishaba, as well as Mogalakwena and Twickenham mines. Union Mine is 85% held with a black economic empowerment (BEE) partner, the Bakgatla-Ba-Kgafe la traditional community, holding the remainder. The Unki mine in Zimbabwe is wholly owned.
The Company’s diamond interests are represented by its 40% holding in De Beers. The other shareholders in De Beers are Central Holdings Ltd, which owns 40%, and the Government of the Republic of Botswana (GRB) with 15%. De Beers is a diamond company producing diamonds from its mines in Botswana, Canada, Namibia and South Africa. As of December 31, 2012, De Beers held a 50% interest in Debswana Diamond Company and in Namdeb Diamond Corporation. In addition, De Beers has a 74% holding in South African based De Beers Mines Limited. De%Beers owns 100% of De%Beers Canada. De%Beers owns 100% of The Diamond Trading Company (DTC). De Beers, through Element Six Technologies, is a supplier of industrial supermaterials. Element Six operates internationally, with 10 manufacturing sites globally and a global sales network.
- [By Ben Kramer-Miller]
The Pebble Project is an enormous potential mine in Alaska containing mostly copper, and some gold and molybdenum. The project is owned by the Pebble Partnership, of which Northern Dynasty Minerals owns half, while Anglo American (AAUKY.PK) owns the other half.
Top Up And Coming Companies To Watch In Right Now: Hospitality Properites Trust (HPT)
Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The companys hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada. The companys hotels are primarily designed for business, governmental, and family travelers. As a REIT, the company would not be subject to federal income tax provided it distributes at least 90% of its REIT taxable income to its stockholders. Hospitality Properties was formed in 1995 and is based in Newton, Massachusetts.
- [By Marc Bastow]
Hotel and travel REIT Hospitality Properties Trust (HPT) raised its quarterly dividend 2.1% to 48 cents per share, payable Nov. 22 to shareholders of record as of Oct. 25.
HPT Dividend Yield: 6.71%
- [By Rich Duprey]
Hotel and travel center operator Hospitality Properties Trust (NYSE: HPT ) announced today its second-quarter dividend of $0.4453125 per share on its 7.125% Series D preferred stock that trades on the NYSE under the symbol HPT-PD.
- [By Russ Krull]
Hospitality Properties (NYSE: HPT ) sold $300 million of 10-year, 4.25% paper to fund the redemption of 7% preferred shares. There are 6.7 million preferred shares at $25 each for total of $167.5 million. The new debt service will cost about $1 million more per year than the preferred dividends, but Hospitality is getting quite a bit of additional cash for “funding hotel renovation or rebranding costs and potential future acquisitions.”
Top Up And Coming Companies To Watch In Right Now: Harman International Industries Incorporated (HAR)
Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. The companys Lifestyle segment provides automotive audio systems for vehicle applications; and a range of mid-to high-end loudspeaker and electronics for home, multimedia, and mobile applications. It also offers home audio and theater systems, and distributed systems for home applications; a range of accessories, such as earbuds and noise cancelling headphones for multimedia applications; transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products, including speakers, amplifiers, and digital signal proce ssors that deliver in-car audio. This segment markets its products under the JBL, AKG, Harman/Kardon, Infinity, Mark Levinson, Revel, Logic 7, Lexicon, and Selenium brand names. Its Professional segment provides a range of loudspeakers, power amplifiers, digital signal processors, microphones, headphones, mixing consoles, and IDX information delivery systems for concert halls, stadiums, airports, houses of worship, and other public spaces; products to the sound reinforcement, music instrument support, and broadcast and recording segments of the professional audio market; systems solutions for professional installations and users; and lighting solutions to the entertainment, architectural, and commercial sectors. This segment markets its products under the JBL Professional, AKG, Crown, Soundcraft, Lexicon, DigiTech, dbx, BSS, Studer, Martin, and Selenium brand names. Harman International Industries, Incorporated was founded in 1980 and is headquartered in Stamford, Connectic u t.
- [By John Udovich]
Yesterday after the market closed, small cap audio stock Skullcandy Inc (NASDAQ: SKUL) reported earnings and began rising in after hours trading, meaning its worth taking a closer look at the stock along with the performance of other audio stocks like mid cap Harman International Industries Inc (NYSE: HAR) and small caps Koss Corporation (NASDAQ: KOSS) and Parametric Sound Corp (NASDAQ: PAMT). I should mention that in late 2012, Skullcandy had the dubious distinction of being the market’s most shorted stock (see: Long Live the Shorts or the Short Squeeze? SKUL, AM & UBNT) with short interest of 86.47% and there would still be a lot of shorts out there who might start feeling the squeeze (Note: SKUL is at least no longer on the HighShortInterest.com list)
- [By MONEYMORNING]
More to the point, Harman International Industries Inc. (NYSE: HAR) has moved beyond its audio roots and now ranks as a bona fide tech powerhouse.
- [By Ben Levisohn]
The Consumer Electronics Show begins next week–and it could have a big impact on the shares of Harman International (HAR), as Google (GOOG) and Apple (AAPL) look to make inroads in the auto space.
Top Up And Coming Companies To Watch In Right Now: SBT Bancorp Inc (SBTB)
SBT Bancorp, Inc., incorporated on February 17, 2006, is the holding company for The Simsbury Bank & Trust Company, Inc. (the Bank). The Bank provides a variety of banking and investment services. The Bank has branch offices in the towns of Granby, Avon, and Bloomfield, Connecticut. The Bank also maintains a mortgage center in Canton, Connecticut. Services to the Bank’s customers are also provided through SBT Online Internet banking. The Bank’s customer base consists primarily of individual consumers and small businesses in north central Connecticut. The Bank has in excess of 21,000 deposit accounts. In January 2011, the Bank formed Simsbury Bank Passive Investment Company, a subsidiary of Passive Investment Company (PIC).
During the year ended December 31, 2011, the Bank had seven automated teller machines (ATMs); two are located at each of its main office and its Bloomfield office, and one at each of the other branch/business offices. The Bank offers a ra nge of commercial banking services to residents and businesses in its primary and secondary markets through a variety of commercial loans and residential mortgage programs, as well as home equity lines and loans, Federal Deposit Insurance Corporation (FDIC)-insured checking, savings, and individual retirement accounts (IRA), 401K rollover accounts, as well as safe deposit and other customary non-deposit banking services. The Bank offers investment products to customers through SBT Investment Services, Inc, a wholly owned subsidiary of the Bank, and through its affiliation with the securities broker/dealer LPL Financial Corporation.
The Bank’s commercial loans are made for the purpose of providing working capital, financing the purchase of equipment, or for other business purposes. Such loans include loans with maturities ranging from thirty days to two years and term loans, which are loans with maturities normally ranging from 1 to 10 years. Short-term business loans are generally inten! ded to finance current transactions and typically provide for periodic principal payments, with interest payable monthly. Term loans normally provide for fixed or floating interest rates, with monthly payments of both principal and interest. The Bank’s construction loans are primarily interim loans made to finance the construction of commercial and single-family residential property. These loans are typically short-term. The Bank occasionally will make loans for speculative housing construction or for acquisition and development of raw land. Consumer loans are made for the purpose of financing automobiles, various types of consumer goods, and other personal purposes.
As of December 31, 2011, the Bank’s investment portfolio consisted of the United States Government and agency securities, mortgage-backed securities, corporate bonds, municipal securities, and money market mutual funds. During 2011, proceeds from sales of avail able-for-sale securities amounted to $8,274,474.
Sources of Funds
Deposits are the Bank’s primary source of funds. At December 31, 2011, the Bank had a deposit mix of 43% checking, 34% savings, and 23% certificates of deposit. Thirty percent of the total deposits of $344.8 million were noninterest bearing at December 31, 2011. The Bank had brokered deposits of $9,017,198 as of December 31, 2011.
The Company competes with Bank of America, Webster Bank, People’s Bank, Windsor Federal Savings And Loan Association and Wells Fargo Bank.
- [By CRWE]
Today, SBTB remains (0.00%) +0.000 at $28.20 thus far (ref. google finance Delayed: 3:47PM EDT July 30, 2013).
SBT Bancorp, Inc., previously reported net income of $401,000 or $0.43 per diluted share for the second quarter of 2013, compared to $453,000 or $0.49 per diluted share for the second quarter of 2012.
For the six months ended June 30, 2013, net income amounted to $918,000, or $0.99 per diluted share. This compares to net income of $934,000 or $0.96 per diluted share for the six months ended June 30, 2012. Total assets on June 30, 2013 were $382 million compared to $340 million on June 30, 2012. 12
Top Up And Coming Companies To Watch In Right Now: NiSource Inc (NI)
NiSource Inc. (NiSource), incorporated on March 29, 2000, is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.8 million customers located within a corridor that runs from the Gulf Coast through the Midwest to New England. NiSource operates in three business segments: Gas Distribution Operations; Gas Transmission and Storage Operations, and Electric Operations. NiSource’s principal subsidiaries include Columbia Energy Group (Columbia), a vertically-integrated natural gas distribution, transmission and storage holding company whose subsidiaries provide service to customers in the Midwest, the Mid-Atlantic and the Northeast; Northern Indiana Public Service Company (Northern Indiana), a vertically-integrated gas and electric company providing service to customers in northern Indiana, and Bay State Gas Company (Columbia of Massachusetts), a natural gas distribution company serving customers in Mas sachusetts.
NiSource Finance Corporation (NiSource Finance) is a 100% owned, consolidated finance subsidiary of NiSource. NiSource Finance engages in financing activities to raise funds for the business operations of NiSource and its subsidiaries.
Gas Distribution Operations
NiSource’s natural gas distribution operations serve more than 3.3 million customers in seven states and operate approximately 58 thousand miles of pipeline. Through its wholly owned subsidiary, Columbia, NiSource owns five distribution subsidiaries that provide natural gas to approximately 2.2 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. NiSource also distributes natural gas to approximately 795 thousand customers in northern Indiana. Additionally, NiSource’s subsidiary, Columbia Gas of Massachusetts, distributes natural gas to approximately 298 thousand customers in Massachusetts.
< p>Gas Transmission and Storage Operations
NiSou! rce’s Gas Transmission and Storage Operations subsidiaries own and operate approximately 15,000 miles of pipeline and operate a natural gas storage system capable of storing approximately 639 billion cubic feet of natural gas. Through its subsidiaries, Columbia Gas Transmission L.L.C. (Columbia Transmission), Columbia Gulf Transmission Company (Columbia Gulf) and Crossroads Pipeline Company (Crossroads Pipeline), NiSource owns and operates an interstate pipeline network extending from the Gulf of Mexico to New York and the eastern seaboard. Together, these companies serve customers in 16 northeastern, mid-Atlantic, midwestern and southern states and the District of Columbia. NiSource Midstream Services is an unregulated business that is a provider of midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, as well as managing mineral rights positions in the Marcellus and Utica shale areas.
The Gas Transmiss ion and Storage Operations subsidiaries are also engaged in two joint ventures, Millennium Pipeline Company, L.L.C. (Millennium) and Hardy Storage Company, L.L.C. (Hardy Storage). Millennium Pipeline, which includes 252 miles of 30-inch-diameter pipe across New York’s Southern Tier and lower Hudson Valley, has the capability to transport up to 525,400 dekatherm per day of natural gas to markets along its route, as well as to the New York City markets through its pipeline interconnections. Millennium is jointly owned by affiliates of NiSource, DTE Energy and National Grid. Hardy Storage, which consists of underground natural gas storage facilities in West Virginia, has a working storage capacity of 12 billion cubic feet and the ability to deliver 176,000 dekatherm of natural gas per day. Hardy Storage is a joint venture of subsidiaries of Columbia Transmission and Piedmont Natural Gas Company, Inc. (Piedmont).
NiSource generates , transmits and distributes electricity through its subsidia! ry Northe! rn Indiana Public Service Company (Northern Indiana) to approximately 458 thousand customers in 20 counties in the northern part of Indiana and engages in electric wholesale and transmission transactions. Northern Indiana operates three coal-fired electric generating stations. The three operating facilities have a net capability of 2,574 megawatts. Northern Indiana also owns and operates Sugar Creek, a Combined Cycle Gas Turbine (CCGT) plant with a 535 megawatts capacity rating, four gas-fired generating units located at Northern Indiana’s coal-fired electric generating stations with a net capability of 203 megawatts and two hydroelectric generating plants with a net capability of 10 megawatts. These facilities provide for a total system operating net capability of 3,322 megawatts. Northern Indiana’s transmission system, with voltages from 69,000 to 345,000 volts, consists of 2,797 circuit miles. Northern Indiana is interconnected with five neighboring electric utilities .
- [By Lauren Pollock]
NiSource Inc.(NI) said its fourth-quarter profit rose 13% as all three of the utility company’s segments posted revenue growth. But the top line missed estimates.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on NiSource (NYSE: NI ) , whose recent revenue and earnings are plotted below.
- [By guruek]
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Kimberly-Clark Corporation (KMB), Ecolab Inc. (ECL), Delta Air Lines Inc. (DAL), Green Mountain Coffee Roasters, Inc. (GMCR), and NiSource Inc. (NI).
Top Up And Coming Companies To Watch In Right Now: Zix Corporation(ZIXI)
Zix Corporation provides Internet-based applications in software as a service model that enables the use of secure email for sensitive information exchange primarily in the healthcare, financial services, insurance, and government sectors in the United States. It offers email encryption service, a secure messaging service, which allows an enterprise to use policy-driven rules to determine which emails should be sent securely to comply with regulations or policies. The company also provides a solution that analyzes and encrypts email communications. Its services offer users the ability to deliver encrypted email to any email user at any email address by using the ZixCorp Best Method of Delivery protocol that automatically determines the direct and appropriate means of delivery, based on the sender?s and recipient?s communications environment and preferences. Zix Corporation sells its services through a direct sales force, and a network of resellers and other distribution pa rtners. The company was formerly known as ZixIt Corporation and changed its name to Zix Corporation in 2002. Zix Corporation was founded in 1983 and is headquartered in Dallas, Texas.
- [By Seth Jayson]
Zix (Nasdaq: ZIXI ) is expected to report Q1 earnings on April 23. Here’s what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Zix’s revenues will expand 15.0% and EPS will wither 0.0%.
- [By Monica Gerson]
Zix (NASDAQ: ZIXI) shares reached a new 52-week high of $4.82. ZixCorp’s trailing-twelve-month profit margin is 18.08%.
Official Payments Holdings (NASDAQ: OPAY) shares surged 0.23% to touch a new 52-week high of $8.65. Official Payments shares have jumped 87.61% over the past 52 weeks, while the S&P 500 index has gained 16.68% in the same period.
Top Up And Coming Companies To Watch In Right Now: CNA Financial Corp (CNA)
CNA Financial Corporation (CNAF), incorporated in 1967, is an insurance holding company. The Company’s core business commercial property and casualty insurance operations operate in two segments: CNA Specialty and CNA Commercial. Its non-core businesses are managed in two business segments: Life & Group Non-Core and Corporate & Other Non-Core. The Company’s insurance products primarily include commercial property and casualty coverages, including surety. Its services include risk management, information services, and warranty and claims administration. Its products and services are marketed through independent agents, brokers and managing general underwriters to a wide variety of customers, including small, medium and large businesses, associations, professionals and other groups. CNA’s property and casualty and remaining life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company and Continental Assurance Company (CAC). On June 10, 2011, CNA completed the acquisition of CNA Surety Corporation. In July 2012, the Company acquired Hardy Underwriting Bermuda Ltd. On December 14, 2012, the Company sold SUR Insurance Agency, Inc. and The Bond Exchange to California Contractors Insurance Services.
CNA Specialty provides professional and management liability and other coverages through property and casualty products and services, both domestically and abroad, through a network of brokers, independent agencies and managing general underwriters. CNA Specialty provides solutions for managing the risks of its clients, including architects, lawyers, accountants, health care professionals, financial intermediaries and public and private companies. Product offerings also include surety and fidelity bonds and warranty services.
CNA Specialty includes four business groups: Professional & Management Liabilit y, International, Surety, and Warranty and Alternative Risks! . Professional & Management Liability provides management and professional liability insurance and risk management services and other specialized property and casualty coverages in the United States. This group provides professional liability coverages to various professional firms, including architects, real estate agents, small and mid-sized accounting firms, law firms and technology firms. Professional & Management Liability also provides D&O, employment practices, fiduciary and fidelity coverages. Products within Professional & Management Liability are distributed through brokers, agents and managing general underwriters. Professional & Management Liability, through CNA HealthPro, also offers insurance products to serve the healthcare delivery system. Products include professional liability and associated standard property and casualty coverages, and are distributed on a national basis through brokers, agents and managing general underwriters. Customer segments include l ong term care facilities, allied health care providers, life sciences, dental professionals and mid-size and large health care facilities.
International provides similar management and professional liability insurance and other specialized property and casualty coverages in Canada and Europe. Surety consists primarily of CNA Surety Corporation (CNA Surety) and its insurance subsidiaries and offers small, medium and large contract and commercial surety bonds. CNA Surety provides surety and fidelity bonds in all 50 states through a combined network of independent agencies.
Warranty and Alternative Risks provides extended service contracts and related products that provide protection from the financial burden associated with mechanical breakdown and other related losses, primarily for vehicles and portable electronic communication devices. These products are distributed through and administered by a wholly owned subsidiary, CNA National Warranty Corpo ration, or through third party administrators.
! CNA Comme! rcial
CNA Commercial works with an independent agency distribution system and a network of brokers to market a range of property and casualty insurance products and services to small, middle-market and large businesses and organizations domestically and abroad. Products include standard and excess property coverages, as well as marine coverage, and boiler and machinery. Casualty products include standard casualty insurance products such as workers’ compensation, general and product liability, commercial auto and umbrella coverages. It also offers pecialized loss-sensitive insurance programs to those customers viewed as higher risk and less predictable in exposure.
The Business insurance group serves smaller commercial accounts and the Commercial insurance group serves middle markets and larger risks. In addition, CNA Commercial provides total risk management services relating to claim and information services to the insurance marketplace, through a wholly owned subsidiary, CNA ClaimPlus, Inc., a third party administrator. The International insurance group primarily consists of the commercial product lines of its operations in Europe, Canada, as well as Hawaii.
CNA Select Risk (Select Risk) includes excess and surplus lines coverages. Risk provides specialized insurance for selected commercial risks on both an individual customer and program basis. Select Risk’s products are distributed throughout the United States through specialist producers, program agents and brokers.
Life & Group Non-Core
The Life & Group Non-Core segment includes the results of the life and group lines of business that are in run-off. It retains block of group reinsurance and life settlement contracts.
Corporate & Other Non-Core
Corporate & Other Non-Core primarily includes certain corporate expenses. This also includes interest on corporate debt, and the results of certain prop erty and casualty business in run-off, including CNA Re and ! A&EP.
- [By Amanda Alix]
Take Berkshire’s purchase of CNA Financial’s (NYSE: CNA ) and AIG’s asbestos liability in 2010 and 2011, respectively. For a total of $3.65 billion, Buffett took on $3.5 billion of liability in AIG’s case, and $1.6 billion from CNA. This gave Berkshire a nice big bag of cash to invest, while asbestos cases continued to wend their way through the courts for years. Meanwhile, two troubled insurers received the Berkshire Hathaway brand of security regarding their own future liability in that arena.
- [By Amanda Alix]
This is the beauty of the insurance model, and its charm has attracted investing greats like Warren Buffett, who may have pioneered this latest trend through his own company, Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) . In 2010, Berkshire took on AIG’s asbestos liability for a hefty fee, and did the same for CNA Financial (NYSE: CNA ) the following year. There’s little doubt that Buffett added to his wealth by wisely investing the $3.65 billion he received in those two deals.