Asian stocks outside Japan fell for a third day after minutes from the Federal Reserve�� last meeting signaled bond purchases may be reduced in coming months and a gauge of China manufacturing fell more than expected.
Perseus (AS51) Mining Ltd. led gold producers lower, slumping 10 percent in Sydney after prices for metal fell amid concern tapering stimulus will erode demand for haven assets. Prince Frog International Holdings Ltd., a maker of baby-care products suspended after its accounting came under scrutiny by a short-seller, tumbled 22 percent in Hong Kong as it resumed trading. Honda Motor Co., a Japanese carmaker that gets more than 80 percent of revenue abroad, rose 3.4 percent as the yen fell.
The MSCI Asia Pacific Index dropped 0.7 percent to 141.25 as of 4:16 p.m. in Hong Kong, with nine of the gauge�� 10 industry groups falling. The MSCI Asia Pacific excluding Japan Index declined 1.3 percent, with Japan�� Topix (TPX) index gaining 1 percent.
��here�� a feeling around that the Fed is starting to see the cost of ongoing quantitative easing mounting,��said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which oversees $135 billion. ��he market is still feeling very twitchy about it.��
Hot New Stocks To Invest In 2016: Gastar Exploration Ltd (GST)
Gastar Exploration Ltd (Gastar) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States. The Company�� principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on unconventional reserves, such as shale resource plays. As of December 31, 2011, it is pursuing the development of liquids-rich natural gas in the Marcellus Shale in the Appalachia area of West Virginia and, to a lesser extent, central and southwestern Pennsylvania. The Company also holds prospective acreage in the deep Bossier play in the Hilltop area of East Texas and conduct limited coal bed methane (CBM) development activities within the Powder River Basin of Wyoming and Montana. The Company is a holding company. Advisors' Opinion:- [By Josh Young]
The parallel to Goodrich in the transaction is Gastar Exploration (GST), which has approximately 100,000 net acres in the Hunton (excluding additional exposure from the WEHLU deal). Gastar, similar to Goodrich prior to the Sanchez TMS deal, seems to trade at a discount to a $2,000 per acre implied value for its unconventional oil acreage. In fact, Gastar's CEO recently said he thought the current liquidation value of Gastar's Marcellus assets would be $4-7 per share, net of debt, versus the current $4.25 share price.
- [By Robert Rapier]
Gastar Exploration (NYSE: GST) is another Aggressive Portfolio pick made on Dec. 11, and so far it has rallied quite aggressively, producing a three-week capital gain of 26 percent. It helped here too to catch the very bottom of the recent correction, but Gastar has continued to report strong test well results from the Hunton Limestone play it’s pioneering in Oklahoma.
- [By Heather Ingrassia]
Gastar Agreement: On April 1st it was announced that Gastar Exploration, Ltd. (GST) had entered into a definitive agreement to acquire proven reserves and undeveloped leasehold interests in Kingfisher and Canadian counties of Oklahoma from Chesapeake Energy Corporation, repurchase Chesapeake's common shares of the Company and settle all litigation for $1 million. Although smaller in scope than most of Chesapeake's previous asset-shedding transactions, the agreement with Gastar accomplishes two things. First, is the fact the settlement resolves the legal wrangling both companies were engaged in and as a result Chesapeake walks away with $85 million of the potential $130 million they were suing for. Second, is the fact Chesapeake wipes it hands of acreage, that although producing, may not be producing as much as Chesapeake had once hoped, and therefore was worth much more to Gastar in the long run.
- [By David Smith]
Earlier, the company had pocketed $75.2 million by selling to Gastar Exploration (NYSEMKT: GST ) leasehold acreage in Oklahoma's Kingfisher and Canadian counties. It'll obviously require a passel of sales of that magnitude to shore up an overweight balance sheet.
Top 5 Japanese Stocks To Invest In Right Now: Dole Food Company Inc(DOLE)
Dole Food Company, Inc. engages in sourcing, growing, processing, marketing, and distributing fresh fruits and vegetables, and food products to wholesale, retail, and institutional customers worldwide. It operates in three segments: Fresh Fruit, Fresh Vegetables, and Packaged Foods. The Fresh Fruit segment involves in growing and selling bananas under the DOLE brand name primarily in North America, Europe, and Asia; ripening and distributing DOLE and non-DOLE branded fresh produce in Europe; growing, sourcing, and selling fresh pineapples under the DOLE TROPICAL GOLD label; and exporting Chilean fruits, including grapes, apples, pears, stone fruits, and kiwifruits primarily to North America, Latin America, and Europe. The Fresh Vegetables segment engages in sourcing, harvesting, cooling, distributing, and marketing various fresh and fresh-cut vegetables, including iceberg lettuce, red and green leaf lettuce, romaine lettuce, butter lettuce, celery, cauliflower, broccoli, c arrots, Brussels sprouts, green onions, asparagus, snow peas, artichokes, and radishes, as well as fresh strawberries and raspberries. This segment also processes and markets value-added vegetable products, such as packaged salads and packaged fresh-cut vegetables. The Packaged Foods segment produces and markets canned pineapples, canned pineapple juice, fruit juice concentrate, fruit parfaits, snack foods, and frozen fruits, as well as fruits in plastic cups, jars, and pouches. Its principal customers include mass merchandisers and supermarkets. Dole Food Company, Inc. was founded in 1851 and is based in Westlake Village, California.
Advisors' Opinion:- [By Michael Lewis]
On a valuation basis, Chiquita isn't richly valued, though not the extreme bargain it once was, either. Set to return to profitability this year, Chiquita is trading at a little over 10 times forward earnings. Competitor Dole (NYSE: DOLE ) , which just this week received a buyout offer led by its CEO, is now valued at 20 times forward earnings. On an EV/EBITDA basis, Dole has been valued by its CEO's offer at nearly 19 times. Chiquita trades at 12.6 times.
Top 5 Japanese Stocks To Invest In Right Now: Western Asset Mortgage Capital Corp (WMC)
Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (RMBS), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS. The Company also focuses on investing in commercial mortgage-backed securities (CMBS), and other asset-backed securities (ABS), as well as RMBS for which a United States Government agency or federally chartered corporation guarantees payments of principal and interest on the securities, or Agency RMBS.
The Company is managed and advised by Western Asset Management Company. As of June 12, 2009, the Company had not made any investments.
Advisors' Opinion:- [By Amanda Alix]
Second-quarter upset
As if that news wasn't bad enough, book value took a nasty hit, too. The drop from $12.87 at the end of March to $10.20 at the end of June was huge, even considering the $0.34 dividend paid on June 10. Earlier in the day, Deutsche Bank had downgraded a handful of mREITs, including Western Asset Mortgage (NYSE: WMC ) , based on book value declines of up to 16% during the second quarter. CYS, even factoring in its payout, suffered a drop of closer to 19%. - [By Eric Volkman]
Western Asset Mortgage Capital (NYSE: WMC ) has shaved its dividend. The company has declared a payout for its Q2 of $0.90 per share, to be paid on July 29 to shareholders of record as of July 1. That amount is $0.05, or 5%, lower than the mortgage REIT's previous distribution of $0.95, which was handed out at the end of April.
- [By Lawrence Meyers]
Today, we’re looking at three dividend stocks with sky-high dividend yields to see whether they’re safe.
Western Asset Mortgage Capital Corporation (WMC)Dividend Yield: 19.8%
- [By Rick Munarriz]
Western Asset Mortgage Capital (NYSE: WMC ) is also beefing up its yield. The REIT that snaps up residential mortgage-backed securities and shells out most of the housing payments to its stakeholders is boosting its quarterly rate by 5% to $0.95 a share.
Top 5 Japanese Stocks To Invest In Right Now: American Railcar Industries Inc.(ARII)
American Railcar Industries, Inc. designs, manufactures, and sells hopper and tank railcars in North America. Its Manufacturing Operations segment manufactures general service and specialty hopper railcars that are used to transport, load, and unload grains, cement, plastic pallets, and bulk products, as well as to transport heavy ore mineral loads; and non-pressure and high pressure tank railcars used to handle various commodities, including petroleum products, ethanol, asphalt, vegetable oil, corn syrup, other food products, chlorine, anhydrous ammonia, liquid propane, and butane. This segment also manufactures custom and standard railcar components that comprise tank railcar components and valves, tank heads, discharge outlets for hopper railcars, manway covers and valve body castings, outlet components and running boards for industrial and railroad customers, and hitches for the intermodal market; and aluminum and special alloy steel castings for the trucking, construc tion, mining, and oil and gas exploration markets, as well as finished machined aluminum castings and other custom machined products. The company?s Railcar Services segment provides repair and refurbishment services that include full cleaning, interior and exterior coating, heavy repair/rebuilding, and non-destructive testing; engineering services, such as failure analysis, retrofit drawings, procedure preparation, regulatory compliance assistance, trouble shooting, and railcar inspections; and fleet management services comprising maintenance planning, project management, tracking and tracing, regulatory compliance, mileage audit, rolling stock taxes, and online service access. It sells its products through catalogs and sales force to leasing, industrial, and other non-rail companies, as well as to railroads. The company was founded in 1988 and is headquartered in St. Charles, Missouri. As of January 15, 2010, American Railcar Industries, Inc. operates as subsidiary of Icah n Enterprises L.P.
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 American Railcar Industries (Nasdaq: ARII ) , whose recent revenue and earnings are plotted below.
No comments:
Post a Comment