Following the market opening Thursday, the Dow traded down 0.13 percent to 15,656.72 while the NASDAQ declined 0.02 percent to 3,782.72. The S&P also fell, dropping 0.06 percent to 1,724.52.
Top Headline
ConAgra Foods (NYSE: CAG) reported a 42% drop in its fiscal first-quarter earnings.
ConAgra's quarterly profit fell to $144.3 million, or $0.34 per share, from $250.1 million, or $0.61 per share, in the year-ago period. Its earnings from continuing operations came in at $0.33 per share. Excluding one-time items, its earnings declined to $0.37 from $0.44 per share.
Top 5 Beverage Stocks To Watch For 2015: Williams Partners L.P.(WPZ)
Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The Gas Pipeline segment owns and operates approximately 13,900 miles of pipelines with annual throughput of approximately 2,700 trillion British thermal units of natural gas and delivery capacity of approximately 13 million dekatherms of gas. This segment also owns interests in joint venture interstate and intrastate natural gas pipeline systems. The Midstream Gas and Liquids segment includes natural gas gathering, processing, and treating facilities; and crude oil gathering and transportation facilities that serve the producing basins in Colorado, New Mexico, Wyoming, the Gulf of Mexico, and Pennsylvania. Williams Partners GP LLC serves as the general partner of the company. Williams Partners L.P . was founded in 2005 and is based in Tulsa, Oklahoma.
Advisors' Opinion:- [By Aaron Levitt]
When it comes to natural gas, Williams Partners (WPZ) is simply one of the biggest players. The firm is one of the leading midstream players in the prolific Marcellus shale. That dominance has WPZ�� network of pipelines carrying roughly 14% of all the natural gas consumed in the U.S.
- [By Dividend]
Here are my most promising stocks from the list:
Williams Partners (WPZ) has a market capitalization of $19.99 billion. The company employs 3,658 people, generates revenue of $7.320 billion and has a net income of $1.232 billion. Williams Partners�� earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $2.273 billion. The EBITDA margin is 31.05 percent (the operating margin is 20.72 percent and the net profit margin 16.83 percent). - [By Marc Bastow]
Natural gas energy giant Williams Partners (WPZ) raised its quarterly dividend 1% to 90.45 cents per share payable May 9 to shareholders of record May 2.
WPZ Dividend Yield: 7.01%
Best Net Payout Yield Companies For 2014: KKR Financial Holdings LLC (KFN)
KKR Financial Holdings LLC, incorporated on January 17, 2007, is a specialty finance company focused on a range of asset classes. The Company�� holdings primarily consist of below investment grade syndicated corporate loans, also known as leveraged loans, high yield debt securities, private equity, interests in joint ventures and partnerships, and working and royalty interests in oil and gas properties. It operates in three segments: Credit, Natural resources, and other. The Credit segment includes primarily below investment grade corporate debt comprised of senior secured and unsecured loans, mezzanine loans, private and public equity investments, high yield bonds, and distressed and stressed debt securities. The Natural Resources segment consists of non-operated working and overriding royalty interests in oil and natural gas properties. Natural Resources segment excludes private equity focused on the oil and gas sector. The Other segment includes all other portfolio holdings, including commercial real estate.
The Company�� majority of holdings consist of corporate loans and high yield debt securities held in collateralized loan obligation (CLO) transactions that are structured as on-balance sheet securitizations and are used as long term financing for its investments in corporate debt. The Company is externally managed and advised by KKR Financial Advisors LLC. The Company�� collateralized loan obligation (CLO) consist of seven CLO transactions, KKR Financial CLO 2005-1, Ltd. (CLO 2005-1), KKR Financial CLO 2005-2, Ltd. (CLO 2005-2), KKR Financial CLO 2006-1, Ltd. (CLO 2006-1), KKR Financial CLO 2007-1, Ltd. (CLO 2007-1), KKR Financial CLO 2007-A, Ltd. (CLO 2007-A), KKR Financial CLO 2011-1, Ltd. (CLO 2011-1) and KKR Financial CLO 2012-1, Ltd. (CLO 2012-1) (collectively the Cash Flow CLOs). The Company�� objective is to provide long-term value for its shareholders by generating an attractive total return through cash distributions and increased enterprise value.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading UP
KKR Financial Holdings LLC (NYSE: KFN) shot up 28.47 percent to $12.14 after the company agreed to be acquired by KKR & Co (NYSE: KKR) for $2.6 billion. - [By Tim Melvin]
Some of the major private equity firms have developed finance companies, business development companies and REITs to provide a permanent source of capital. These entities finance some of their middle-market transactions with loans and short-term financing that produce very high yields. They also own some income-producing assets directly in partnership with their private equity parent. They are able to leverage the relationships and skill of the private equity firm into profitable deals for themselves, and the resulting income is passed along to shareholders.
KKR Financial Holdings (KFN)Kohlberg Kravis and Roberts (KKR) is one of the best and best-known private equity firms in the world today, and it has several entities that are worth consideration by yield starved investors. One of those is KKR Financial Holdings (KFN), a finance company that invests in bonds, secured and senior loans, equities, oil and gas royalties and commercial real estate properties.
- [By Tim Melvin]
At current prices, AINV yields 9.55% and would be a good fit for most income portfolios.
KKR Financial Holdings (KFN)KKR Financial is a subsidiary of Kohlberg Kravis and Roberts (KKR) that invests in high-yield bonds, direct lending, equity investments, oil and gas royalty interests and commercial real estate. KFN also occasionally joins KKR in private equity deals. KKR Financial is structured as a publicly traded partnership and passes most of its income to shareholders.
- [By Lauren Pollock]
KKR(KKR) & Co. said it reached a deal to acquire KKR Financial Holdings LLC(KFN), bringing under its roof the separate, specialty-finance company managed by the private-equity firm that pursues debt investments and other bets. KKR, known for large debt-fueled corporate takeovers, signed an agreement to take over the sister firm in a $2.6 billion all-stock deal, the New York company said. Shares of KKR Financial jumped 28% to $12.12 in premarket trading.
Best Net Payout Yield Companies For 2014: Energy Transfer Equity L.P. (ETE)
Energy Transfer Equity, L.P., through its direct and indirect investments in the limited partner and general partner interests in Energy Transfer Partners, L.P., engages in midstream, intrastate, and interstate transportation of natural gas, as well as in storage of natural gas in the United States. The company?s Intrastate Transportation and Storage segment engages in the ownership and operation of natural gas transportation pipelines and natural gas storage facilities. As of December 31, 2009, it owned and operated approximately 7,800 miles of natural gas transportation pipelines and 3 natural gas storage facilities. This segment sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies on the Houston pipeline system. Its Interstate Transportation segment involves owns and operates interstate natural gas pipeline. It owned and operates approximately 2,700 miles of interstate natura l gas pipeline with an additional 180 miles under construction. The company?s Midstream segment engages in the ownership and operation of in service natural gas gathering pipelines, natural gas processing plants, natural gas treating facilities, and natural gas conditioning facilities. This segment owned and operated approximately 7,000 miles of in service natural gas gathering pipelines, 3 natural gas processing plants, 11 natural gas treating facilities, and 11 natural gas conditioning facilities. Its Retail Propane segment operates a retail distribution network consisting of approximately 440 customer service locations in approximately 40 states. The company was formerly known as La Grange Energy, L.P. Energy Transfer Equity, L.P. was founded in 2002 and is based in Dallas, Texas.
Advisors' Opinion:- [By Paul Ausick]
Many of the MLPs also have a publicly traded general partner. Because the general partner typically owns incentive distribution rights that can skyrocket after the limited partnership distributions are paid, these companies tend to show higher growth rates than the MLPs themselves. For example, Energy Transfer Equity LP (NYSE: ETE), the general partner for Enterprise Products, has a market cap of $24.23 billion on its own. ETE�� yield is 3.4% compared with EPD�� yield of 4.2%, but the general partner�� ability to grow is potentially much higher. The downside is that these stocks are expensive compared with an MLP�� common unit price.
Best Net Payout Yield Companies For 2014: AMREP Corp (AXR)
AMREP Corporation, incorporated on August 7, 1987, through its subsidiaries, is engaged in four business segments: the Subscription Fulfillment Services business operated by Palm Coast Data LLC (Palm Coast), the Newsstand Distribution Services business, the Product Services and Other businesses operated by Kable Media Services, Inc. and its subsidiaries (Kable) (the businesses operated by Palm Coast and Kable are collectively referred to as Media Services), and the real estate business operated by AMREP Southwest Inc. and its subsidiaries (collectively, AMREP Southwest). The Company, through its Palm Coast subsidiary, conducts its Subscription Fulfillment Services business, in which it performs subscription fulfillment and related services for publishers and other customers; through its Kable Newsstand Distribution Services subsidiary distributes periodicals nationally and in Canada and in other foreign countries, and through its Kable Product Services, Specialty Packaging Services and Staffing Resources subsidiaries, provides Internet order processing and shipment for e-commerce retailers, packaging design, procurement and product fulfillment services and temporary staffing services. In January 2013, the Company's subsidiary, had acquired certain assets of FulCircle, Inc.
Subscription Fulfillment Services
The Subscription Fulfillment Services business performs fulfillment and fulfillment-related activities, principally magazine subscription fulfillment services and ancillary services. During the fiscal year ended April 30, 2012 (fiscal 2012), it accounted for approximately 75% of Media Services revenues. In the magazine subscription fulfillment services operation, Palm Coast maintains subscriber lists and databases, processes new orders, receives and accounts for payments, prepares and transmits to each publisher�� printer the labels or tapes containing the names and addresses of subscribers for mailing each issue, handles subscriber telephone inquiries and correspondence,! prepares renewal and statement notifications for mailing, generates marketing and statistical reports, processes Internet orders and prints forms and promotional materials. List services clients are publishers for whom Palm Coast maintains client customer lists, selects names for clients who rent their lists, merges rented lists with a client�� lists to eliminate duplication for the client�� promotional mailings, and sorts and sequences mailing labels. Palm Coast performs subscription fulfillment services for approximately 450 different magazine titles for approximately 110 clients and maintains databases of approximately 41 million active subscribers for its client publishers and membership organizations.
Newsstand Distribution Services
In the Company�� Newsstand Distribution Services business, Kable distributes over 450 publications for approximately 200 publishers. Among the titles are special interest magazines, including hobbyist, celebrity, puzzle, automotive, comics, women�� service and sports magazines. In a typical month, Kable distributes approximately 47 million copies of various titles to wholesalers. Kable coordinates the movement of the publications from its publisher clients to approximately 100 independent wholesalers in North America and to wholesalers in over 80 countries globally. The wholesalers in turn sell the publications to retail chains and independent retail outlets. During fiscal 2012, the Newsstand Distribution Services business accounted for approximately 11% of Media Services revenues. Kable generates and delivers to each publisher�� printer shipping instructions with the addresses of the wholesalers and the number of copies of product to be shipped to each.
Product Services and Other
Together, Kable Product Services and Kable Specialty Packaging Services (collectively, Product Services) offer an integrated approach to electronic and traditional commerce for consumer products manufacturers, including both publ! ishing an! d non-publishing customers. The business unit provides account management by customer; design, procurement, and packaging of retail packs and point-of-purchase displays; front-end processing, including customer out-reach through e-commerce, direct mail and phone; order capturing through electronic mediums, as well as traditional call center operations, mail capture and entry; warehousing and pick/pack/ship functions, including analysis of shipping methods, and billing, as well as collection of payments tendered by credit cards, checks and cash.
As an adjunct to the Subscription Fulfillment Services business, Product Services offers fulfillment services to their publishers, including shipment of premiums (free gifts) provided to subscribers, shipment of replacement copies of newly issued magazines or purchased copies of older editions and shipment and payment processing for product advertised for sale in their publishers��magazines or associated Websites. Kable Staffing Resources (Staffing Resources) operates as a separate business, which provides temporary employees to local companies in the Fairfield, Ohio area, including its affiliate Product Services. During fiscal 2012, together, they accounted for approximately 14% of Media Services revenues in 2012.
Real Estate Operations
The Company conducts its Real Estate business through AMREP Southwest, with these activities occurring in the City of Rio Rancho and adjoining areas of Sandoval County, New Mexico. Rio Rancho consists of 91,049 acres in Sandoval County near Albuquerque, of which approximately 74,100 acres have been platted into approximately 114,680 residential and commercial lots, approximately 16,500 acres are dedicated to community facilities, roads and drainage and the remainder is unplatted land. As of April 30, 2012, approximately 91,000 of these residential and commercial lots had been sold by AMREP Southwest net of lots repurchased and those returned to AMREP Southwest by deeds in lieu of foreclosu! re. As of! April 30, 2012, AMREP Southwest owns approximately 17,350 acres in Rio Rancho, of which approximately 4,415 acres are in several areas of contiguous properties, which are being developed or are suitable for development, and approximately 2,000 acres are in areas with a concentration of ownership, where AMREP Southwest owns more than 50% of the lots in the area.
At Rio Rancho, AMREP Southwest develops both residential lots and sites for commercial and industrial use as demand warrants, and also secures entitlements for development tracts for sale to homebuilders. AMREP Southwest also owns two tracts of land in Colorado, consisting of one property of approximately 160 acres planned for approximately 400 homes that AMREP Southwest focuses to offer for sale upon obtaining all necessary entitlements, and one property of approximately 10 acres zoned for commercial use.
Advisors' Opinion:- [By Damian Illia]
As we can see, the firm has a higher ROE than Amrep Corporation (AXR) but is well below the one registered by US Ecology Inc. (ECOL) and Cintas Corporation (CTAS).
Best Net Payout Yield Companies For 2014: Teekay Lng Partners L.P.(TGP)
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas, liquefied petroleum gas, and crude oil worldwide. It transports liquid petroleum gases, including propane, butane, and methane; petrochemical gases comprising ethylene, propylene, and butadiene; and ammonia. The company provides its services through a time-charter or bareboat charter contract basis. As of August 16, 2011, it operated a fleet of 21 LNG carriers, including 1 LNG regasification unit; 5 LPG/multigas carriers; and 11 conventional tankers. Teekay GP L.L.C. serves as the general partner of Teekay LNG Partners L.P. The company was founded in 2004 and is headquartered in Hamilton, Bermuda. Teekay LNG Partners L.P. is a subsidiary of Teekay Corporation.
Advisors' Opinion:- [By Taylor Muckerman]
One segment of energy transportation on the high seas that has shown investors that tankers can still deliver on Wall Street has been liquefied natural gas, LNG, tankers. Teekay LNG Partners (NYSE: TGP ) and Golar LNG Partners (NASDAQ: GMLP ) have both churned out returns north of 15% in the past year along with paying investors more than 6% in distributions just for owning shares. As LNG exporting becomes a bigger part of global energy trade both of these companies stand to benefit. While there has only been approval for two LNG exporting facilities in the U.S., there are many others with applications submitted. Combined with countless other plans around the world, the prospects look rather bright.
- [By Taylor Muckerman and Joel South]
Aside from the potential growth in exports from North America, Australia looks to be the largest contributor to the growth of natural gas finding its way into the international trade market. Transportation of natural gas chilled to temperatures as low as -260 degrees Fahrenheit certainly requires a high degree of skilled execution. That's where Teekay LNG Partners (NYSE: TGP ) enters the picture. With a fleet much younger than the industry average and a distribution over 6%, it could be a great second-degree play on the coming trend.
- [By Value Investor]
In terms of valuation the company is trading at an attractive price and investors can consider this as a good investment point. GasLog Partners has the lowest EV/EBITDA and EV/Revenue compared to peers such as Golar LNG (GLNG) and Teekay LNG Partners (TGP). A low EV/EBITDA and EV/Revenue suggests undervaluation of the company and hence a good value investment.
- [By Robert Hsu]
Name Type of Security� Recommendation� Kinder Morgan Energy Partners L.P. (NYSE: KMP) � MLP August 15, 2013� TeeKay LNG Partners L.P.� (NYSE: TGP) � MLP September 16, 2013� PowerShares S&P 500 BuyWrite Portfol ETF� (NYSE Arca: PBP)� Buy-Write ETF September 30, 2013� Madison Covered Call Equity Strtgy Fd (NYSE: MCN)� Buy-Write ETF September 30, 2013� Nuveen Equity Premium Opportunity Fund (NYSE: JSN)� Buy-Write ETF September 30, 2013� BlackRockEnhanced Dividend Achievers Tr (NYSE: BDJ)� Buy-Write ETF September 30, 2013� Vornado Realty Trust � (NYSE: VNO)� Real Estate
Investment
Trust September 26, 2013�Robert Hsu is the editor of Permanent Wealth Investor and a former hedge fund portfolio manager at Wall Street powerhouse Goldman Sachs. He retired from Goldman at age 31. He since has come out of retirement to establish and preside over his money management firm, Absolute Return Capital Advisors. His retirement experience has given him his current mission: helping investors like you achieve their goal of comfortable retirement through profitable income strategies.
Best Net Payout Yield Companies For 2014: Inteliquent Inc (IQNT)
Inteliquent Inc, formerly Neutral Tandem, Inc., doing business as Inteliquent, incorporated on April 19, 2001, provides solutions for voice, data, and hosted services globally. With over 120 Ethernet sites across four continents, the Company is a global Ethernet interconnection provider, and has an Internet protocol version 6 (IPv6) network. Inteliquent is a network solutions provider, offering intelligent networking to solve interconnection and interoperability issues on a global scale. With multiprotocol label switching (MPLS) network, which is interconnected to carriers globally, it provides voice, Internet protocol (IP) transit and Ethernet solutions to carriers, service providers, and content management firms based in over 80 countries, across six continents. Its IP Transit provides bandwidth for Internet service providers (ISP), mobile operators, Telcos, enterprises and content providers. In September 2012, it announced the establishment of its Turkish subsidiary, as well as its strategic alliance with Turkey's Turkcell Superonline. In April 2013, Neutral Tandem Inc acquired the global data services business of Global Telecom & Technology Inc.
The Company simplifies the complexities of data networking by making interconnection. Its EtherCloud transforms and simplifies the delivery of Ethernet and virtual private local area network (LAN) service (VPLS) services over a global footprint. A layer-II platform, EtherCloud connects partner networks into a seamless Ethernet cloud, which delivers end-to-end connectivity globally. It relies on Inteliquent�� global MPLS backbone as a distributed switched network, which is accessible in 120 point of purchases (PoPs) across four continents, to interconnect partners��networks through standardized external network-to-network interfaces (E-NNIs). By interconnecting partner networks to create one holistic Ethernet cloud, EtherCloud enables you to both source and to sell Ethernet and VPLS connectivity. It provides a one-stop-shop to conne! ct globally.
The Company provides a range of voice services. Inteliquent's voice services include streamlined session initiation protocol (SIP) interconnection options for domestic and international long distance traffic. It offers terminating and originating access, which supports billions of minutes of billable traffic each month. Its services include Access Homing Tandem and Gateway Tandem Services. It has the first wholesale, white-label hosted collaboration solution to be resold by value added resellers (VAR) and system integrators (SI). The hosted collaboration solution (HCS) offers a range of unified communication products and services, including single number reach, integrated messaging and presence, video calling, and WebEx integration.
Advisors' Opinion:- [By Rick Munarriz]
Briefly in the news
Shares of Chipotle Mexican Grill (NYSE: CMG ) hit a new 52-week high after posting stronger revenue than analysts were expecting. The burrito roller also indicated that menu price increases are on the way in a move that will increase margins. Netflix (NASDAQ: NFLX ) also landed a fresh 52-week high, but it doesn't report until next week. The big push for the leading video service was a dozen Emmy nominations for House of Cards and Arrested Development. There's always a model-affirming Emmy nod in the banana stand. Inteliquent (NASDAQ: IQNT ) moved sharply higher after jacking up its revenue and adjusted EBITDA targets for the year. The provider of wholesale voice services had hosed down its outlook in May.
And now let's take a quick look at some of the other stories that shaped our week. - [By alicet236]
Inteliquent Inc. (IQNT): CEO G. Edward Evans Sold 179,192 Shares
CEO of Inteliquent Inc. (IQNT) G. Edward Evans sold 179,192 shares on 05/07/2014 at an average price of $14.52. Inteliquent Inc. provides wholesale voice services for carriers and service providers. Inteliquent Inc. has a market cap of $468.794 million; its shares were traded at around $14.45 with a P/E ratio of 8.50 and P/S ratio of 2.10. The dividend yield of Inteliquent Inc stocks is 1.82%.
- [By Steve Symington]
In fact, I had one such moment last year when I finally sold my shares of Inteliquent (NASDAQ: IQNT ) �around $12 per share after holding them for much less time than I had originally planned. At the time, the stock had already been beaten down from its 2009 highs over $30 per share, and I had high hopes that the company might eventually regain its former glory.
Best Net Payout Yield Companies For 2014: Cincinnati Financial Corporation(CINF)
Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers? compensation. It also offers specialty packages, including coverages for property, liability, and business interruption for specific industry classes, such as artisan contractors, dentists, or street businesses. In addition, this segment provides contract and commercial surety bonds, fidelity bonds, and director and officer liability insurance, as well as machinery and equipment coverage. The company?s Personal Lines Property Casualty Insurance segment offers coverage for personal auto and homeowners, as well as other insurance products, such as dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. Cincinnati Financial?s Excess and Surplus Lines Property Casualty Insurance s egment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, including products and completed operations; and commercial property insurance, which insures loss or damage to buildings, inventory, equipment, and business income from causes of loss, such as fire, wind, hail, water, theft, and vandalism. The company?s Life Insurance segment provides term insurance; universal life insurance; whole life insurance; and worksite products, which include term, whole life, universal life, and disability insurance offered to employees through their employer. This segment also markets disability income insurance, deferred annuities, and immediate annuities. Its Investment segment invests in fixed-maturity investments, equity investments, and short-term investments. Cincinnati also offers commercial leasing and financing services. The company was founded in 1950 and is headquarte red in Fairfield, Ohio.
Advisors' Opinion:- [By Insider Monkey]
Cincinnati Financial (CINF), lastly, is an under-covered insurance company that has grown dividends in 53 straight years. The stock pays a yield of 3.5% at a modest payout of 47% of earnings, and in 2013, it has appreciated by more than 20%. Three Cincinnati Financial insiders-one director, a senior VP and the company's CFO-have bought shares in the past six months. CFO Michael Sewell initiated the biggest transaction of the bunch when he bought $147K worth of the stock in the last few days of July.
- [By Ben Levisohn]
Loew’s, however isn’t just cheap on its own terms. It’s also cheap relative to other investor insurers, including Markel (MKL), Cincinnati Financial (CINF) and Berkshire Hathaway. Shanker and Stefano write:
- [By Dividends4Life]
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- More Stock Analysis - [By Dividends4Life]
Linked here is a detailed quantitative analysis of Cincinnati Financial Corp. (CINF). Below are some highlights from the above linked analysis: Company Description: Cincinnati Financial Corp. is an insurance holding company that primarily markets property and casualty coverage. It also conducts life insurance and asset management operations.
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