LONDON -- John Wood Group� (LSE: WG ) announced today that it is confident it will achieve full-year performance in line with expectations.
The international energy services company -- which operates three core business units -- said that performance in its Wood Group Engineering and Wood Group PSN divisions is on pace; however, Wood Group GTS is behind plan and has extra ground to cover. A trading update for the first half of the year is scheduled for June 26, 2013.
Wood Group, which employs nearly 43,000 people in 50 countries worldwide, currently posts about US$7 billion in annual sales. It provides a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil and gas, and power generation industries worldwide.
Wood Group has an engineering heritage that dates back to 1912. The company has posted a strong 10-year average total return and has steadily increased its dividend payments in recent years -- indeed, loyal shareholders in the oil and gas group have seen the value of their shares rise by 400% in the past 10 years.
Top Forestry Stocks To Watch For 2015: Guggenheim S&P 500 Pure Growth ETF (RPG)
Rydex S&P 500 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P 500/Citigroup Pure Growth Index (the Index). The S Index is narrow in focus, containing only those S&P 500 companies with strong growth characteristics as selected by Standard & Poor��. The Index contains approximately one-third of the equities of the S&P 500 Index.
The Fund uses a passive management strategy to track the performance of the Index. The Fund invests in substantially all of the securities in the Index in approximately the same proportions as in the Index. The Fund's investment advisor is Rydex Investments.
Advisors' Opinion:- [By John Udovich]
Yesterday, small cap geothermal stock U.S. Geothermal Inc (NYSEMKT: HTM) produced a geyser of a return when it surged 26.79%, meaning its worth taking a closer look at the stock verses the performance of other geothermal stocks like small cap Ormat Technologies, Inc (NYSE: ORA) and mid cap Calpine Corporation (NYSE: CPN).�First of all, I should mention there are some other geothermal stocks out there like Alterra Power Corp (CVE: AXY) and Ram Power Corp (TSE: RPG) who have their primary listing on Canadian exchanges with secondary ones on the OTC���meaning they may not be a good deal for American investors or easy to invest in. Second, U.S. Geothermal Inc itself is a good geothermal proxy as its�focused on developing, owning, and operating clean, sustainable electric power from geothermal energy resources and its�operating geothermal power projects at Neal Hot Springs, Oregon; San Emidio, Nevada; and Raft River, Idaho plus El Ceibillo, an advanced stage, geothermal prospect located within a 24,710 acre energy rights concession area near Guatemala City, the largest city in Central America.
Top Forestry Stocks To Watch For 2015: Enanta Pharmaceuticals Inc (ENTA)
Enanta Pharmaceuticals, Inc., incorporated on July 25, 1995, is a research and development-focused biotechnology company. The Company uses its chemistry-driven approach and drug discovery capabilities to create small molecule drugs in the infectious disease field. The Company is discovering and developing novel inhibitors designed for use against the hepatitis C virus (HCV). These inhibitors include members of the direct acting antiviral (DAA) inhibitor classes-protease (partnered with AbbVie, the former research-based pharmaceutical business of Abbott Laboratories), NS5A (partnered with Novartis) and nucleotide polymerase, as well as a host targeted antiviral (HTA) inhibitor class targeted against cyclophilin. ABT-450, discovered through its collaboration with AbbVie, is a protease inhibitor that has demonstrated in vitro potency against known resistant HCV mutants.
In Phase I studies, ABT-450 co-administered with ritonavir, a commonly used boosting agent to increase the blood concentrations of many protease inhibitors, was shown to be safe and well tolerated. Co-administration of ABT-450 with ritonavir, which it refers to together as ABT-450/r, has enabled once-daily dosing of ABT-450. Phase II studies have demonstrated the efficacy of ABT-450/r in patients with chronic HCV, and other interferon-free Phase II studies of ABT-450-containing regimens continue. AbbVie is developing a next-generation protease inhibitor discovered within the Enanta-AbbVie collaboration. EDP-239 is the NS5A inhibitor discovered by the Company. The Company also has a program to develop nucleotide inhibitors to HCV NS5B polymerase, which is another DAA mechanism considered to have a barrier to resistance. The Company�� Bicyclolide antibiotic product candidate is EDP-788, which it is developing for use as an intravenous drug in the hospital setting and for oral dosing in the home setting. EDP-788 is a prodrug, which means that it is inactive until it is converted in the body into an active compound. EDP-788 is! a water-soluble molecule which, when administered in preclinical models, is cleanly and rapidly converted into the active compound.
Advisors' Opinion:- [By James Fink]
And lastly I'll go into healthcare, which is kind of a growth cyclical type name. It's partially defensive, partially growth. I think the more growth-oriented section of healthcare would be biotech, and right now, a very promising biotech stock is Enanta Pharmaceuticals. That's a NASDAQ stock; ticker symbol (ENTA).
Hot Gas Utility Stocks To Invest In Right Now: Home BancShares Inc.(HOMB)
Home BancShares, Inc. operates as a holding company for the Centennial Bank that provides various commercial and retail banking, and related financial products and services to businesses, real estate developers, investors, individuals, and municipalities. It offers various deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. The company also offers commercial real estate, construction and land development, commercial and industrial, residential real estate, agricultural, and consumer loans. In addition, it provides Internet banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, the United States savings bonds, and automatic account transfers services. Further, the company provides trust services focusing on personal trusts, corporate trusts, and employee benefit trusts, as well as writes insurance policies for commercial and personal lines of businesses. As of December 31, 2010, it operated 49 branches in Arkansas, 9 branches in the Florida Keys, 6 branches in central Florida, 3 branches in southwest Florida, and 29 branches in the Florida Panhandle. Home BancShares, Inc. is headquartered in Conway, Arkansas.
Advisors' Opinion:- [By Sean Williams]
What: Shares of Home BancShares (NASDAQ: HOMB ) , the holding company of Centennial Bank, jumped as much as 13% after receiving an analyst upgrade.
Top Forestry Stocks To Watch For 2015: Zhone Technologies Inc.(ZHNE)
Zhone Technologies, Inc., together with its subsidiaries, designs, develops, and manufactures communications network equipment for telecommunications, wireless, and cable operators worldwide. It offers single line multi-service (SLMS) architecture, which provides support for voice over Internet protocol (VoIP) and IP entertainment by integrating access, transport, customer premises equipment, and management functions in a standards-based system. Its SLMS products include broadband aggregation and service products that are deployed in central offices, remote offices, points of presence, curbsides, data and co-location centers, and enterprises to aggregate, concentrate, and optimize communications traffic from copper and fiber networks; customer premise equipment, which offers solution for combining analog voice and data services to the subscriber?s premises over a single platform; and Zhone Management System that provides optional software tools to manage aggregation and c ustomer premises network hardware. These products deliver voice, data, and video interface connectivity for broadcast and subscription television, Internet routers, and telephony equipment. The company also offers products that are deployed by service providers to support various voice and data services; and provides technical support, product repair, and education and support services. It sells its products to network service providers that offer voice, data, and video services to businesses, governments, utilities, and residential consumers; and telecommunications carriers through channel partners, which include distributors, resellers, system integrators, and service providers. Zhone Technologies, Inc. was founded in 1999 and is headquartered in Oakland, California.
Advisors' Opinion:- [By Lisa Levin]
Zhone Technologies (NASDAQ: ZHNE) dropped 20.94% to $4.91 on Q4 results.
Hill-Rom Holdings (NYSE: HRC) dropped 14.43% to $37.74 after the company reported weaker-than-expected Q1 results and lowered its outlook. The company also announced its restructuring program.
Top Forestry Stocks To Watch For 2015: Corrections Corporation of America (CXW)
Corrections Corporation of America (CCA) incorporated on September 24, 1998, is a real estate investment trust. The Company is the owner of privatized correctional and detention facilities and prison operators in the United States. As of December 31, 2012, the Company operated 67 correctional and detention facilities, including 47 facilities that the Company own, with a total design capacity of approximately 92,500 beds in 20 states and the District of Columbia. Beginning of January 1, 2013, the Company has provided correctional services and conducted other operations through TRSs. A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax and certain qualification requirements. In January 2012, the Company closed the operations of the 1,172-bed Delta Correctional Facility in Greenwood, Mississippi. In January 2013, the Company announced that it has completed an internal reorganization of its business operations.
The Company specializes in owning, operating, and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, its facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to help reduce recidivism and to prepare inmates for their re entry into society upon their release. The Company also provides health care (including medical, dental, and mental health services), food services, and work and recreational programs.
The Company�� customers consist of federal, state and local correctional and detention authorities. During the year ended December 31, 2012, federal correctional and detention authorities represented 43% of its total revenue. Federal correctional and detention authorities primarily consist of the Federal Burea! u of Prisons (BOP), the United States Marshals Service (USMS), and the United States Immigration and Customs Enforcement (ICE). Its management services contracts typically have terms of three to five years and contain multiple renewal options. Its facility contracts also contain clauses that allow the government agency to terminate the contract at any time without cause, and its contracts are generally subject to annual or bi-annual legislative appropriations of funds.
The Company is compensated for providing prison bed capacity and correctional services at an inmate per diem rate based upon actual or minimum guaranteed occupancy levels. Occupancy rates for a particular facility are typically low when opened or immediately following an expansion. However, beyond the start-up period, which typically ranges from 90 to 180 days, the occupancy rate tends to stabilize. During 2012, the average compensated occupancy of its facilities, based on rated capacity, was 88.2% for all of the facilities it owned or managed, exclusive of facilities where operations have been discontinued.
The Company provides a variety of rehabilitative and educational programs at its facilities. Inmates at facilities the Company manage may receive basic education through academic programs designed to improve literacy levels and the opportunity to acquire GED certificates. The Company also offers vocational training to inmates who lack marketable job skills. Its craft vocational training programs are accredited by the National Center for Construction Education and Research. This foundation provides training curriculum and establishes industry standards for over 4,000 construction and trade organizations in the United States and several foreign countries. In addition, the Company offers life skills transition-planning programs that provide inmates with job search skills, health education, financial responsibility training, parenting training, and other skills associated with becoming productive citizens.
! As of December 31, 2012, the Company provides transportation services to governmental agencies through its wholly owned TRS, TransCor America, LLC, or TransCor. CCA owns 49 correctional and detention facilities in 15 states and the District of Columbia, two of which it leases to third-party operators. The Company also owns two corporate office buildings. Additionally, it manages 20 correctional and detention facilities owned by government agencies. Owned and managed facilities include facilities placed into service that the Company owned and managed. Managed-only facilities include facilities owned by a third party and managed by the Company.
The Company competes with The GEO Group, Inc. and Management and Training Corporation.
Advisors' Opinion:- [By Rich Smith]
Nashville, Tenn.-based Corrections Corporation of America (NYSE: CXW ) has won a contract extension from the California Department of Corrections, the company announced Wednesday, extending its contract length by three years.
- [By Sean Williams]
The premise here would be that any increase in nationwide drug testing would be bound to turn up additional drug users and could boost the prison population. That would be great news for the GEO Group (NYSE: GEO ) and Corrections Corp. of America (NYSE: CXW ) , which are contracted out through the government to run and service prisons around the country.
Top Forestry Stocks To Watch For 2015: PowerShares S&P SmallCap Information Technology Portfolio (PSCT)
PowerShares S&P SmallCap Information Technology Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Information Technology Index (the Index). The Index consists of common stocks of the United States information technology companies. These are companies that are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. The Index is compiled, maintained and calculated by Standard & Poor's Financial Services LLC. The Fund will normally invest at least 80% of its total assets in common stocks of small-capitalization information technology companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund�� investment adviser is Invesco PowerShares Capital Management LLC. Advisors' Opinion:- [By Stephen Leeb]
The PowerShares S&P 500 Small-Cap Technology (PSCT) is geared towards smaller, more agile, but also less-established firms, while iShares S&P North American Technology ETF (IGM) offers broad, blue-chip technology industry exposure.
Top Forestry Stocks To Watch For 2015: Woodside Petroleum Ltd (WPL)
Woodside Petroleum Ltd (Woodside) is an Australia-based oil and gas company. Woodside, along with its subsidiaries is engaged in hydrocarbon exploration, evaluation, development, production and marketing. As of December 31, 2011, the Company produced around 700,000 barrels of oil equivalent each day from a portfolio of facilities, which it operates on behalf of some of the major oil and gas companies. It operating facilities include six liquefied natural gas (LNG) trains, five offshore platforms and four oil floating production storage and offloading (FPSO) vessels. It is one of the non-government operators LNG plants. The Company operates six segments: North West Shelf Business Unit, Australia Oil Business Unit, Pluto Business Unit, Browse Business Unit, United States Business Unit and Other. In September 2012, it sold a minority portion of its equity in the proposed Browse LNG Development to Japan Australia LNG (MIMI Browse) Pty Ltd. Advisors' Opinion:- [By Yoshiaki Nohara]
Australia�� S&P/ASX 200 Index retreated 0.7 percent, led by energy and financial shares. Woodside Petroleum Ltd. (WPL), Australia�� second-biggest oil and gas producer, dropped 2 percent to A$34.67. Westpac Banking Corp. (WBC), Australia�� No. 2 lender by market value, shed 1.2 percent to A$27.47.
- [By Jonathan Burgos]
Agricultural Bank of China Ltd., the nation�� third-largest lender, slid 2.3 percent in Hong Kong. Yamada Denki Co. sank 4.8 percent in Tokyo after the consumer electronics retailer missed its full-year profit forecast. Woodside Petroleum Ltd. (WPL), Australia�� second-biggest oil producer, jumped 9.7 percent after announcing plans to return cash to shareholders.
- [By Adam Haigh]
Energy producers advanced as crude oil prices rallied after the ousting of Egypt�� president fanned concern unrest will disrupt Middle East oil supply. Cnooc gained 2.1 percent to HK$12.80 in Hong Kong. China Petroleum & Chemical Corp., the nation�� largest refiner, rose 2.5 percent to HK$5.25. Woodside Petroleum Ltd. (WPL), Australia�� No. 2 energy producer, added 3 percent to A$35.64.
Top Forestry Stocks To Watch For 2015: Ryanair (RYAAY)
Ryanair Holdings plc (Ryanair Holdings), incorporated in 1996, is a holding company for Ryanair Limited (Ryanair). Ryanair operates a low-cost, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, and Morocco. As of June 30, 2012, the Company offered approximately over 1,500 scheduled short-haul flights per day serving approximately 160 airports largely throughout Europe with an operating fleet of 294 aircraft flying approximately 1,500 routes. Ryanair sells seats on a one-way basis. The Company also holds a 29.8% interest in Aer Lingus Group plc. As of June 30, 2012, Ryanair�� operating fleet was composed of 294 Boeing 737-800 aircraft, each having 189 seats. Ryanair�� fleet totaled 294 Boeing 737-800s at March 31, 2012. As of June 30, 2012, Ryanair owned and operated four Boeing 737-800 full flight simulators for pilot training. Ryanair provides ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food, and merchandise. As part of its non-flight scheduled and Internet-related services Ryanair incentivizes ground service providers at airports it serves to levy correct excess baggage charges for any baggage, which exceeds Ryanair�� published baggage allowances. Excess baggage charges are recorded as non-flight scheduled revenue. Ryanair distributes accommodation services and travel insurance through its Website. For hotel services, Ryanair has a contract with Hotelscombined PTY Ltd. (Hotelscombined), which operates a price comparison Website, pursuant to which Hotelscombined handles all aspects of such services marketed through Ryanair�� Website and pays a fee to Ryanair. Ryanair also has contracts with other accommodation providers that enable Ryanair to offer hostel, bed-and-breakfast, guesthouse, villa and apartment accommodation to its customers. In addition Ryanair has a contract with Hertz, pursuant to which Hertz handles all car rental services marketed through Ryanair�� Website or telephone reservation system. Ryanair also sells bus and rail tickets onboard its aircraft and through its Website. Ryanair also sells attractions and activities on its Website. Ryanair sells gift vouchers on its Website, which are also redeemable online. The Company has an contract with Webloyalty International Ltd, which offers Ryanair�� customers who have a United Kingdom, German or French billing address a retail discount and cash-back program. Ryanair has agreements, pursuant to which the Company promotes Ryanair-branded credit cards issued by MBNA, GE Money, Access Prepaid and Banco Santander on its Internet site. The MBNA agreement relates to Irish residents only, the GE Money agreement relates to Swedish and Polish residents only and the Banco Santander agreement relates to United Kingdom residents only. During the fiscal year ended March 31, 2012, Ryanair rolled out handheld Electronic Point of Sale (EPOS) devices across its route network. These EPOS devices replaced manual and paper based systems on board the aircraft. The EPOS device enables cabin crew to sell and record their on-board sales transactions. The EPOS device also issues bus and rail tickets and tickets for tourist attractions. The Company also offers reserved seating in twenty-one extra legroom seats on each aircraft for a fee on certain routes. Ryanair provides its own aircraft and passenger handling and ticketing services at Dublin Airport. Third parties provide these services to Ryanair at other airports it serves. Servisair plc provides Ryanair�� ticketing, passenger and aircraft handling, and ground handling services at airports in Ireland and the United Kingdom(excluding London (Stansted) Airport where these services are provided by Swissport Ltd.), while similar services in continental Europe are provided by the local airport authorities, either directly or through sub-contractors. Advisors' Opinion:- [By Holly LaFon]
In the world of publicly-owned businesses, we try to invest with the same sort of individuals. In our opinion, Michael O'Leary, Ryanair's Chairman and CEO, is one such example of a talented, driven executive. Michael was born on a farm in Ireland, the second oldest of six siblings. Although his beginnings were not remarkable, Michael figured out how to get the best education he could by attending the best schools he could. After attending a Jesuit boarding school as a young boy, he graduated from Trinity College with an accounting degree; began his career working for KPMG, a large public accounting firm; and, soon afterwards, became a financial advisor to Tony Ryan, Ryanair's founder. In 1986, Michael was hired to work for Ryan and initially advised him to close the airline immediately since it was losing so much money! In 1989, when Ryanair (RYAAY) was on the brink of insolvency, Ryan offered Michael the job of Deputy CEO of the airline and in 1994 as its CEO. Michael accepted, on the condition that if he couldn't make it profitable, he would be allowed to shut it down! He also chose to work for a percentage of profits rather than for a salary from the money losing business.
Top Forestry Stocks To Watch For 2015: Global Sources Ltd.(GSOL)
Global Sources Ltd. operates as a business-to-business media company primarily in greater China. It provides sourcing information to volume buyers and integrated marketing services to suppliers. The company offers trade information using online media, print media, and face-to-face events. Its products and services comprise online product information and listing services; organizing trade shows; and advertising and marketing creative services; trade publications in print and digital formats; and china sourcing reports. The company uses English-language media to facilitate trade from Greater China to the world, as well as utilizes Chinese-language media to enable companies to sell to, and within, Greater China. It delivers information on approximately 5.7 million products and approximately 262,000 suppliers annually through 14 online marketplaces, 13 monthly print and 18 digital magazines, approximately 90 sourcing research reports, and 73 specialized trade shows a year in 9 cities. The company was founded in 1970 and is based in Hamilton, Bermuda.
Advisors' Opinion:- [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 Global Sources (Nasdaq: GSOL ) , whose recent revenue and earnings are plotted below.
Top Forestry Stocks To Watch For 2015: Copart Inc. (CPRT)
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Second Generation Internet auction-style sales technology, to vehicle sellers, primarily insurance companies, banks and financial institutions, charities, car dealerships, fleet operators, and vehicle rental companies. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, flexible vehicle processing programs, member network, sales process, dealer services, direct services, and u-pull-it services, as well as CoPartfinder, an Internet-based used vehicle parts locator that provides vehicle dismantlers with resale opportunities for their purchases. Th e company sells its products to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as the general public. Copart, Inc. was founded in 1982 and is headquartered in Fairfield, California.
Advisors' Opinion:- [By Geoff Gannon] facility. They have to either buy somebody out (in which case you might not penalize them in free cash flow) or buy and develop a new salvage yard from scratch (in which case, almost all FCF calculations will punish them for this cap-ex).
But, if you really believe that Copart can achieve anything like a 27% return on net tangible assets (my estimate of what they��e done in the past) ��should you be penalizing them at all?
Isn�� a $1 increase in inventory, receivables, and/or land that is going to earn 27 cents a year worth every bit as much as if it was paid out to you (or was sitting in cash at a bank)?
So, aren�� earnings for a company that earns a 20%+ return on tangible investment clearly worth every bit as much as free cash flow?
I would say yes. If and only if you believe the future return on the earnings retained by the business today (the marginal return) is in a sense comparable to the average return in the past.
Don�� confuse how fast a car is moving at this instant with how much distance it�� covered in the past hour.
The past average is just the past average. It is not the same as what the company will earn on the next dollar of capital it puts into the business.
But it can be used as a guide. Especially for wide moat businesses.
Like any rough guide ��you want to leave a big margin of safety. So, if you think you can make 10% on the money in your brokerage account and the company you are investing in has an average unleveraged return on tangible net assets of 12% - that�� pretty much a wash. I can�� say that money is better off with the company than it is with you. And I think ��absent tax concerns ��it would make perfect sense to hope the company paid that cash out to you.
At a 20% unleveraged return on tangible net assets I�� feel differently. The evidence points to the company having a better chance to earn more on the capital inside the business than you�� be able to ea
- [By Lauren Pollock]
Car auctioneer Copart Inc.'s(CPRT) reported a weaker-than-expected fiscal fourth-quarter profit because of higher expenses. While revenue growth topped analysts’ expectations, the bottom line surprisingly fell 8% from a year ago as Copart’s expenses–including yard operation and vehicle sale costs–jumped from the prior year.
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