Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Lexmark (NYSE: LXK ) have popped today by greater than 17% following the company's first-quarter earnings release.
So what: Revenue in the quarter came in at the high end of guidance at $884 million, topping the consensus estimate of $873.6 million. The same is true for Lexmark's non-GAAP earnings per share of $0.88, which was more than the $0.87 per share adjusted profit that investors were expecting. CEO Paul Rooke said Lexmark continues to transition from a hardware-centric model to a solutions-centric approach, which is underscored by the recent acquisitions of two software companies and the sale of the inkjet business.
Now what: Lexmark said it's sticking by its capital allocation policy of returning over 50% of free cash flow to investors on average. In the first quarter, the company paid $19 million in dividends, or $0.30 per share, and repurchased $21 million in shares. The current share repurchase authorization has $230 million remaining. Not everyone was impressed, as Barclays subsequently downgraded shares from "equalweight" to "underweight."
Hot High Tech Companies To Watch For 2015: Dutch Gold Resources Inc (DGRI)
Dutch Gold Resources, Inc. (Dutch Gold), incorporated on May 14, 2002, is a precious metals exploration-stage company engaged in the business of acquiring, exploring and developing mineral properties in North America. The Company holds an interest in properties in Nevada, Montana and Oregon.
The Company holds a leasehold interest in a property near Philipsburg, Montana which consists of 217 acres of patented land and approximately 900 acres of Bureau of Land Management (BLM) land, referred to as Basin Gulch. The Jungo gold exploration project is located approximately 50 miles northwest of the town of Winnemucca in Humboldt County, Nevada. The property is on BLM land and is held by 95 unpatented lode mining claims. During the year ended December 31, 2011, the Company has not generated revenue from operations.
Advisors' Opinion:- [By Peter Graham]
Next Generation Energy Corp (OTCMKTS: NGMC) and Dutch Gold Resources, Inc (OTCMKTS: DGRI) are the latest small cap stocks to announce their entry into the marijuana business while peer Endocan Corp (OTCMKTS: ENDO) sees some paid promotions or investor relations activities, but otherwise remains quiet. So will investors and traders alike achieve a high with any of these small cap marijuana stocks? Here is a quick reality check:
Top 5 Forestry Companies To Invest In Right Now: CVR Energy Inc (CVI)
CVR Energy, Inc. (CVR Energy), incorporated September 2006, through its wholly owned subsidiaries, acts as an independent petroleum refiner and marketer of transportation fuels in the mid-continental United States. In addition, the Company, through its majority-owned subsidiaries, acts as an independent producer and marketer of nitrogen fertilizer products in North America. As of December 31, 2011, the Company owned the general partner and approximately 70% of CVR Partners, LP (the Partnership), a limited partnership which produces nitrogen fertilizers in the form of ammonia and an aqueous solution of urea and ammonium nitrate used as a fertilizer (UAN). The Company operates in two segments: the petroleum segment and the nitrogen fertilizer segment. On December 15, 2011, the Company acquired Gary-Williams Energy Corporation and its subsidiaries (GWEC).
Petroleum Business
The Company operates a 115,000 barrels per day complex full coking medium-sour crude oil refinery in Coffeyville, Kansas and, as of December 15, 2011, a 70,000 barrels per day crude oil unit refinery in Wynnewood, Oklahoma. Its combined production capacity represents approximately 15% of its region's output during the year ended December 31, 2011. The Coffeyville facility is situated on approximately 440 acres in southeast Kansas, approximately 100 miles from Cushing, Oklahoma, a crude oil trading and storage hub. The Wynnewood facility is situated on approximately 400 acres located approximately 65 miles south of Oklahoma City, Oklahoma and approximately 130 miles from Cushing, Oklahoma. During 2011, its Coffeyville refinery's product yield included gasoline (mainly regular unleaded) (44%), diesel fuel (42%), and pet coke and other refined products, such as natural gas liquids (NGL) (propane and butane), slurry, sulfur and gas oil (14%). Its Wynnewood refinery's product yield included gasoline (54%), diesel fuel (31%), asphalt (6%), jet fuel (3%) and other products (6%) during 2011.
The Company! owns and operates a crude oil gathering system serving Kansas, Oklahoma, western Missouri and southwestern Nebraska. The system has field offices in Bartlesville, Oklahoma, Plainville, Kansas and Winfield, Kansas. The system consists of approximately 350 miles of feeder and trunk pipelines, 100 trucks, and associated storage facilities for gathering sweet crude oils purchased from independent crude oil producers in Kansas, Nebraska, Oklahoma and Missouri. It also leases a section of a pipeline from Magellan Midstream Partners, L.P. (Magellan), which is incorporated into its crude oil gathering system. During 2011, the Company�� crude oil gathering system had a gathering capacity of approximately 38,000 barrels per day. During 2011, it gathered an average of approximately 35,000 barrels per day.
CVR Energy owns a pipeline system capable of transporting approximately 145,000 barrels per day of crude oil from Caney, Kansas to its refinery. Crude oils sourced outside of its gathering system are delivered by common carrier pipelines into various terminals in Cushing, Oklahoma, where they are blended and then delivered to Caney, Kansas via a pipeline owned by Plains Pipeline L.P. (Plains). The Company also owns associated crude oil storage tanks with a capacity of approximately 1.2 million barrels located outside its Coffeyville refinery, 0.5 million barrels of crude oil storage at Wynnewood, Oklahoma, and lease an additional 3.3 million barrels of storage capacity located at Cushing, Oklahoma and other locations. In addition to crude oil storage, it owns approximately 4.5 million barrels of combined refinery related storage capacity.
CVR Energy has access to foreign crude oil from Latin America, South America, West Africa, the Middle East, the North Sea and Canada. It purchases domestic crude oil from Kansas, Oklahoma, Nebraska, Texas, North Dakota, Missouri, and offshore deepwater Gulf of Mexico production. During 2011, its Coffeyville crude oil supply blend consisted of approx! imately 8! 0% light sweet crude oil, 2% light/medium sour crude oil and 18% heavy sour crude oil. During 2011, Wynnewood's crude oil supply blend consisted of approximately 88% sweet crude oil and 12% light/medium sour crude oil.
During 2011, approximately 35% of the Coffeyville refinery's products were sold through the rack system directly to retail and wholesale customers, while the remaining 65% was sold through pipelines via bulk spot and term contracts. The Company makes bulk sales (sales into third party pipelines) into the mid-continent markets via Magellan and into Colorado and other destinations utilizing the product pipeline networks owned by Magellan, Enterprise Products Operating, L.P. (Enterprise) and NuStar Energy, LP (NuStar). Approximately 60% of the Wynnewood refinery's finished products sold are distributed in Oklahoma. Customers for its petroleum products include other refiners, convenience store companies, railroads and farm cooperatives.
The Company competes with BP, Conoco Phillips, HollyFrontier, NCRA, Valero, Flint Hills Resources, CHS and Shell.
Nitrogen Fertilizer Business
The nitrogen fertilizer business, operated by the Partnership, is the nitrogen fertilizer plant in North America. It utilizes a pet coke gasification process to produce nitrogen fertilizer. The nitrogen fertilizer facility's primary input is pet coke. The nitrogen fertilizer facility includes a 1,225 ton-per-day ammonia unit, a 2,025 ton-per-day UAN unit and a gasifier complex having a capacity of 84 million standard cubic feet per day. Linde LLC (Linde) owns, operates, and maintains the air separation plant that provides contract volumes of oxygen, nitrogen and compressed dry air to the gasifier for a monthly fee.
The primary geographic markets for the nitrogen fertilizer business' fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado and Texas. The nitrogen fertilizer business markets the ammonia products to industrial and agricu! ltural cu! stomers and the UAN products to agricultural customers. The nitrogen fertilizer business sells ammonia to agricultural and industrial customers. Agricultural customers include distributors such as MFA, United Suppliers, Inc., Brandt Consolidated Inc., Gavilon Fertilizer LLC, Transammonia, Inc., Agri Services of Brunswick, LLC, Interchem and CHS Inc. Industrial customers include Tessenderlo Kerley, Inc., National Cooperative Refinery Association, and Dyno Nobel, Inc. The nitrogen fertilizer business sells UAN products to retailers and distributors.
The Company competes with Agrium, Koch Nitrogen, Potash Corporation and CF Industries.
Advisors' Opinion:- [By Eric Volkman]
CVR Energy (NYSE: CVI ) is reaching into its coffers to provide additional cash for shareholders. The company has declared a special dividend of $6.50 per share. This will be paid on June 10 to stockholders of record as of June 3. All told, the extraordinary payout will cost CVR Energy roughly $564 million. So far this year, it has dispensed around $1.1 billion in dividends.
Top 5 Forestry Companies To Invest In Right Now: Scorpio Tankers Inc.(STNG)
Scorpio Tankers Inc. provides marine transportation of crude oil and refined petroleum products worldwide. As of April 26, 2011, it owned one LR2 tanker, four LR1 tankers, four Handymax tankers, and one post-Panamax tanker, as well as chartered one LR1 and four Handymax product tankers. The company was founded in 2009 and is based in Monaco, Monaco.
Advisors' Opinion:- [By Seth Jayson]
Scorpio Tankers (NYSE: STNG ) reported earnings on July 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Scorpio Tankers missed estimates on revenues and missed estimates on earnings per share. - [By Seth Jayson]
Scorpio Tankers (NYSE: STNG ) reported earnings on April 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Scorpio Tankers missed estimates on revenues and beat expectations on earnings per share.
Top 5 Forestry Companies To Invest In Right Now: Limelight Networks Inc.(LLNW)
Limelight Networks, Inc. provides content delivery network services in North America, Europe, the Middle East, Africa, and the Asia Pacific. It offers content delivery services to deliver media files, such as video, music, games, and software, or live streaming of corporate or entertainment events; video content management services, which enable organizations to publish, manage, syndicate, analyze, and monetize video content through a cloud-based service; Web content management services that enable content publishers to create, manage, and publish Web content through a cloud-based service; and mobility and monetization services that help publishers to deliver content to media-enabled mobile handsets or tablets. The company also provides Web acceleration services, which enhance Web experiences for content, online commerce transactions, and Web applications; cloud storage services that comprise customer services for the storage of media and enterprise content; and global con sulting and technical services that enable customers optimize their publishing, e-commerce, mobility, or content distribution workflows, as well as to provide support for network architecture design, storage infrastructure, Web application development, creative design, live event execution, and design, deployment, and management of infrastructure. In addition, it offers reporting and analytics services that help customers to manage and configure content delivery and presentation. The company offers its services to traditional and emerging media companies or content providers, including businesses operating in the television, music, radio, newspaper, magazine, movie, videogame, software, and social media industries; and enterprises, technology companies, and government entities doing business online. The company was founded in 2001 and is headquartered in Tempe, Arizona.
Advisors' Opinion:- [By Bryan Murphy]
For Google, the shift in the way the justice system looks at and handles patent infringement claims meant its subsidiary, Motorola Mobility, unsuccessfully bid to convince U.S. courts that Apple Inc. (NASDAQ:AAPL) was illegally using Google's/Motorola's approach for sending data to a mobile device. For Akamai Technologies, it means that the technology company will need to re-explain - and ultimately re-prove - to an appellate court that Limelight Networks, Inc. (NASDAQ:LLNW) infringed on an Akamai patent even though a lower court had already ruled in favor of AKAM. And for Soverain Software, the legal system's new attitude meant it wouldn't even bother hearing its appeal for a case it lost against Newegg last year... a case it's tried against several companies, losing every time.
- [By Rich Smith]
Tempe, Ariz.-based Limelight Networks (NASDAQ: LLNW ) will soon have a new CFO.
On Wednesday, Limelight announced that current Chief Financial Officer Douglas Lindroth has entered a "transition period," after which he plans to leave the company to "pursue other business and professional interests." Replacing him will be new CFO Peter Perrone, who comes from Goldman Sachs' Merchant Banking Division, having experience in Internet infrastructure companies such as Limelight. He is a current member of Limelight's board of directors. He will step down from the Limelight board as he joins the firm as a senior vice president.
- [By jaggom]
Akamai (AKAM) and Limelight (LLNW) are two completely different prospects that investors can consider in the content delivery services space. Both have been performing differently. Let's take a look at which one suits investors' portfolios the best.
- [By sandyinvestment]
After Akamai Technologies (AKAM) released solid results, it was the turn of individual cloud services supplier Limelight Networks (LLNW) to join the spotlight. Be that as it may, Limelight's results were no place close to Akamai's as the substance conveyance service supplier's revenue fell year over year.
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