The union budget was announced today, and as expected there was a lot of excitement around it, and a lot of ink (more electronic than real) will be poured over it in the days to come.
Because most articles talk about the budget in terms of how it affects you, it is easy to lose sight of the fact that this is a union budget and as such is a statement of how the government plans to spend and earn money in the coming year.
This is also an expectation, which means the actual numbers will be different when the financial year 2013-14 ends. For example, the revised estimate of the expenditure in 2012-13 is at 96% of the budget estimate. So the government spent 96% of what it said it would during the last budget.
The spending was no doubt slowed down because of the growing concerns about fiscal and current account deficits.
Fiscal Deficit
If you had to just see one number to assess the government�� finances you would look at the fiscal deficit.
Top 10 Small Cap Stocks To Buy For 2015: Vail Resorts Inc. (MTN)
Vail Resorts, Inc., through its subsidiaries, operates resorts in the United States. The company operates in three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates eight ski resort properties, including the Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, Heavenly Mountain, Northstar, Kirkwood Mountain, and Canyons resorts; and two urban ski areas, such as Afton Alps and Mount Brighton Ski areas, as well as provides ancillary services, primarily ski school, dining, and retail/rental operations. Its resorts offer various recreational activities comprising skiing, snowboarding, snowshoeing, snowtubing, sightseeing, mountain biking, guided hiking, children's activities, and other recreational activities, as well as ski and snowboard lessons, equipment rental and retail merchandise services, dining venues, and private club services. This segment also leases its owned and leased commercial space; and provides real estate brokerage services. Th e Lodging segment owns and/or manages a collection of luxury hotels under the RockResorts brand, and other lodging properties; various condominiums located in and around the company�s ski resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates approximately 5,100 owned and managed hotel and condominium rooms. The Real Estate segment owns, develops, markets, and sells real estate properties in and around the company�s resort communities. Vail Resorts, Inc. was founded in 1997 and is based in Broomfield, Colorado.
Advisors' Opinion:- [By GURUFOCUS]
Shares of Vail Resorts, Inc. (MTN), an operator of ski resorts, increased 12.8% in the third quarter as investors became excited about the installation of the company's summer activities. Summer activities, including the zip line installed in August, could cut the company's seasonal losses in half. We continue to believe the acquisition of the Canyons ski resort in Utah should further help increase season pass sales and earnings. (David Baron)
- [By Seth Jayson]
Vail Resorts (NYSE: MTN ) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q3), Vail Resorts met expectations on revenues and missed estimates on earnings per share.
Best Sliver Companies To Buy Right Now: Cheniere Energy Partners LP (CQP)
Citigroup Funding Inc. offers debt instruments that include commercial papers, medium-term notes and structured equity-linked and credit-linked notes. Citigroup Funding, Inc. is based in United States. Citigroup Funding Inc. operates as a subsidiary of Citigroup, Inc.
Advisors' Opinion:- [By Robert Rapier]
In 2007 Cheniere created the Cheniere Energy Partners (NYSE: CQP) master limited partnership to own assets such as its Sabine Pass LNG export terminal under construction on the Louisiana/Texas border, as well as another LNG terminal in Corpus Christi. Cheniere has signed up a number of LNG customers in Asia and in Europe.
Best Sliver Companies To Buy Right Now: USA Compression Partners LP (USAC)
USA Compression Partners, LP, incorporated on June 07, 2011, through its wholly owned subsidiary USA Compression Partners, LLC (Operating Subsidiary) and Operating Subsidiary�� wholly owned subsidiary USAC Leasing LLC, primarily provides natural gas compression services under term contracts with customers in the oil and gas industry, using natural gas compressor packages that it designs, engineers, operates and maintains. As of September 30, 2013, the Company had approximately 1,162,353 of fleet horsepower.
The Company provides compression services for a monthly service fee. As part of its services, the Company engineers, designs, operates service and repair its fleet of compression units and maintain related support inventory and equipment. The fleet of compression units that it owns and uses to provide compression services consists of engineered compression units that utilize standardized components, principally engines manufactured by Caterpillar, Inc. and compressor frames and cylinders manufactured by Ariel Corporation.
Advisors' Opinion:- [By Robert Rapier]
USA Compression Partners (NYSE: USAC) was the first MLP IPO of 2013, debuting on Jan. 15, and advancing 36 percent since. USAC is unique in the MLP space in providing compression services for the oil and gas industry. The way this works is that a natural gas producer, for example, will contract with USAC on a long-term fixed-fee basis to compress the natural gas so that it can be delivered via pipeline to customers. USAC installs compression equipment to move the gas from the well to its destination. Its customer base is scattered across the important natural gas-bearing shales like the Barnett and the Marcellus. At the current price, units yield 7.3 percent. Coverage for the second quarter distribution was 90 percent[1] , but the partnership expects full year DCF coverage of 110 percent.
- [By Jake L'Ecuyer]
USA Compression Partners LP (NYSE: USAC) shares tumbled 6.80 percent to $24.95 after the company priced 6.6 million units at $25.59 per unit.
Take-Two Interactive Software (NASDAQ: TTWO) was down, falling 3.32 percent to $19.95 after the company issued a weak outlook. For the first quarter, the company expected an adjusted loss of $0.35 to $0.25 per share on revenue of $120 million to $125 million. However, analysts expected a loss of $0.12 per share on revenue of $209.6 million.
- [By Robert Rapier] There were a half a dozen initial public offerings (IPOs) by master limited partnerships in the first half of the year, and all but one are now in the green while one has nearly doubled in value.
The first MLP IPO of 2013 debuted on Jan. 15. USA Compression Partners (NYSE: USAC), which I mentioned in last week’s issue, provides compression services for the oil and gas industry. Units have advanced 36 percent since the IPO, and at the current price yield 7.3 percent.
The day after the USA Compression Partners IPO, CVR Refining (NYSE: CVRR) made its debut. CVRR was spun off from CVR Energy (NYSE: CVI), and both companies remain majority-owned by Carl Icahn. CVR Refining’s primary assets are two refineries located in Kansas and Oklahoma with a combined processing capacity of approximately 185,000 barrels per day (bpd). These refineries are strategically located near the major Cushing, Oklahoma shipment and storage hub, with easy access to discounted feedstock from the nearby Permian basin, as well as the Bakken shale and Canadian oil sands.
But refiners have struggled with diminished margins in 2013 because of a much lower Brent-WTI differential. After the recently concluded second quarter, CVRR declared a distribution of $1.35 per unit, bringing its per-unit distributions for the first half of the year to $2.93. At the same time, CVR Refining lowered its annual distribution target to a range of $4.10 to $4.80 per unit. This was lower than the outlook issued in March, when it foresaw annual distributions of $5.50 to $6.50. CVRR units slid on the news, and are presently trading slightly below the $25 IPO price. The lower end of the revised forecast implies distributions of $1.17 per unit in the second half of the year, for a forward annualized yield of 10 percent based on the recent $23.50 unit price.
SunCoke Energy Partners (NYSE: SXCP) was the third IPO to debut during a very busy third week of January. SXCP is the first M - [By Traders Reserve]
For USA Compression Partners (USAC), it is all in the name ��the company provides natural gas compression services to the extraction industry.
This is a volume-dependent business and volume is booming. USA Compression Partners��revenue was up 20% in 2012 and will be up that much or more when final numbers from 2014 come in. Third=quarter results were terrific: revenue was up almost 24% year over year and adjusted cash flow, the basis of the dividend, was up more than 29% year over year. The yield is currently 6.7% and will probably go higher. Ignore the P/E. This is a growth and dividend story. Take a look.
Best Sliver Companies To Buy Right Now: Merck & Company Inc.(MRK)
Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. The company?s Pharmaceutical segment provides human health pharmaceutical products, such as therapeutic and preventive agents for the treatment of human disorders in the areas of bone, respiratory, immunology, dermatology, cardiovascular, diabetes and obesity, infectious diseases, neurosciences and ophthalmology, oncology, vaccines, and women's health and endocrine. This segment also offers human health vaccines, such as preventive pediatric, adolescent, and adult vaccines. Its Animal Health segment discovers, develops, manufactures, and markets animal health products. This segment offers antibiotics, anti-inflammatory products, vaccines, products for the treatment of fertility disorders, and parasiticides for cattle, swine, horses, poultry, dogs, cats, salmons, and fish. The Consumer Care segment develops, manufac tures, and markets over-the-counter, foot care, and sun care products. Its over-the-counter product line includes non-drowsy antihistamines; treatment for occasional constipation; decongestant-free cold/flu medicine for people with high blood pressure; nasal decongestant spray; and treatment for frequent heartburn. This segment?s foot care products comprise topical antifungal, and foot and sneaker odor/wetness products; and sun care products include sun care lotions, sprays and dry oils; and sunburn relief products. The company serves drug wholesalers and retailers, hospitals, government agencies, physicians, physician distributors, veterinarians, animal producers, and managed health care providers, as well as food chain and mass merchandiser outlets in the United States and Canada. Merck & Co., Inc. was founded in 1891 and is headquartered in Whitehouse Station, New Jersey.
Advisors' Opinion:- [By Jon C. Ogg]
Merck & Co. Inc. (NYSE: MRK) was a bit of a�mystery rise, particularly when you consider that Pfizer Inc. (NYSE: PFE) fell by almost 3% on Friday. Perhaps it was just a bounce that was needed after several days of serious losses that robbed almost all of the big gain from the prior week. Merck shares closed up $0.38, or 0.74%, at $51.98 on Friday. Maybe being a defensive stock in the drug sector was another driving force, but the relative performance between it and Pfizer is not really a normal trading observation.
- [By Sean Williams]
The next step in lung cancer care treatment may come from the likes of Bristol-Myers Squibb's�nivolumab or Merck's (NYSE: MRK ) lambrolizumab. Both of these drugs are known as PD-1 inhibitors which have shown reasonably high overall response rates in clinical trials ��40% for nivolumab and 38% for lambrolizumab ��and could represent the next treatment pathway for lung cancer patients. Nivolumab is currently in six in late-stage trials, including the treatment of non-small-cell lung cancer, while Merck's lambrolizumab has received the rare breakthrough therapy designation from the FDA, which could help streamline its approval if it continues to provide a huge statistical benefit in trials over existing treatments.�
Best Sliver Companies To Buy Right Now: American Heritage International Inc (AHII)
American Heritage International Inc., formerly Cumberland Hills Ltd., incorporated on January 19, 2010, intends to focus on electronic cigarette. The Company�� product includes American Heritage, American One, American Freedom, American Nights, American Standard and Smoking Alternative Gums and Mints.
The Company�� initial and primary line will be the American Heritage line. American One is a disposable Electronic Cigarette, good for over 500 draws, about the equivalent of over two packs of traditional cigarettes. American Freedom will be the brand name for its Nicotine-Free line of Electronic Cigarettes. American Nights will be a product line targeted to the young adult market of social smokers. Smoking Alternative products will include gums, and mints.
Advisors' Opinion:- [By John Udovich]
After marijuana, the electronic cigarette sector and e-Cig stocks or industry players�like�Reynolds American, Inc (NYSE: RAI), mCig Inc (OTCBB: MCIG), Victory Electronic Cigarettes Corp (OTCMKTS: ECIG) and American Heritage International Inc (OTCBB: AHII) is looking like the next hot niche sector for investors. However, electronic cigarette stock investors should be aware of the following�recent good and bad news from the sector that needs to be digested:
- [By Bryan Murphy]
Enter American Heritage International Inc. (OTCBB:AHII). No, it's not marijuana play. It's also not a maker of marijuana vending machines. It's an electronic cigarette maker still in its initial expansion phase, and seeing the potential of vending machines (but without the risk and potential legal hurdles of marijuana vending machines), the company announced this morning it has inked a deal with a major operator of vending machines to sell its e-cigs.
- [By Bryan Murphy]
The latest and greatest of these new entrants is a little startup called American Heritage International Inc. (OTCBB:AHII)... a little company that could really rattle the cages of its bigger brothers.
- [By James E. Brumley]
Fans and investors of American Heritage International Inc. (OTCBB:AHII) - not to mention frenemies Vapor Corp. (OTCMKTS:VPCO) and Victory Electronic Cigarettes Corp. (OTCMKTS:ECIG) - can all breathe a sigh of relief today. As it turns out, while the electronic cigarette industry is more than likely be regulated by the FDA, it's going to be regulated in such a way that tends to favor the likes of AHII, ECIG, and VPCO.
Best Sliver Companies To Buy Right Now: China Mobile(Hong Kong)
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services primarily in the Mainland China. It offers various services comprising local calls, domestic long distance calls, international long distance calls, domestic roaming, and international roaming. The company also provides voice value-added services, including caller identity display, caller restrictions, call waiting, call forwarding, call holding, voice mail, and conference calls; customer-to-customer messages and corporate short message services; and mobile Internet access services. In addition, it engages in other data businesses, which primarily include multimedia messaging services; color ring services that enable users to customize the answer ring tone from various selection of songs, melodies, sound effects, or voice recordings; and mobile reading, mobile gaming, mobile video, mobile payment/wallet, mobile TV, mobile market, and Internet data center services. F urther, the company offers telecommunications network planning, design, and consulting services; roaming clearance services; technology platform development and maintenance services; and mobile data solutions, and system integration and development services, as well as operates a network and business coordination center. Additionally, China Mobile Limited sells mobile phone handsets and devices. As of March 31, 2011, it served approximately 600.8 million customers. The company was formerly known as China Mobile (Hong Kong) Limited and changed its name to China Mobile Limited in May 2006. China Mobile was founded in 1997. The company is based in Central, Hong Kong, and is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. China Mobile Limited is a subsidiary of China Mobile Hong Kong (BVI) Limited.
Advisors' Opinion:- [By GuruFocus]
China Mobile Ltd. was incorporated under the laws of Hong Kong on Sept. 3, 1997, as a limited liability company under the name China Telecom (Hong Kong) Limited. China Mobile Ltd. has a market cap of $194.9 billion; its shares were traded at around $48.48 with a P/E ratio of 9.70 and P/S ratio of 2.20. The dividend yield of China Mobile Ltd. stocks is 4.20%. China Mobile Ltd. had an annual average earnings growth of 16.60% over the past 10 years. GuruFocus rated China Mobile Ltd.�the business predictability rank of 3.5-star.
Best Sliver Companies To Buy Right Now: Aflac Incorporated(AFL)
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), provides supplemental health and life insurance. The company offers various voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan. It also provides loss-of-income products, such as life and short-term disability plans; and products designed to protect individuals from depletion of assets, which comprise hospital indemnity, fixed-benefit dental, vision care, accident, cancer, critical illness/critical care, and hospital intensive care plans in the United States. The company sells its products through sales associates and brokers, affiliated corporate agencies, independent corporate agencies, and individual agencies. Aflac Incorporated was founded in 1955 and is headquartered in Columbus, Georgia.
Advisors' Opinion:- [By Russ Krull]
Aflac (NYSE: AFL ) sold $700 million in 10-year notes. The money will go toward redeeming two yen-denominated notes with a principal value of about $340 million due in 2014 and $300 million in U.S. dollar-denominated notes due in 2015. Any money left over goes toward "general corporate purposes," including capital contributions to subsidiaries, if needed. With Japan's Central Bank aggressively easing, it's curious that Aflac chose to borrow dollars to pay back yen-denominated notes.
- [By Chuck Carnevale]
Aflac Inc. (AFL)
Not only is Aflac my featured company from the conservative selection, it is also my favorite company in the Financial sector, and has been for some time (For full disclosure, I have been long Aflac since January 2005). Since I have a long experience with Aflac, the reader should also assume that I have conducted comprehensive research on this name. Consequently, in addition to featuring it in this article, I also consider it a sound and attractive long-term investment.
- [By Dividends4Life]
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