Why the Upgrade?
Capital One has been witnessing rising earnings estimates following the announcement of a new share repurchase program, hike in dividend and better-than-expected first-quarter results. Moreover, this regional bank has a long-term earnings growth forecast of 8.0%.
On Jul 2, Capital One announced a share repurchase authorization of up to $1.0 billion, subsequent to the Federal Reserve�� approval of its capital plan in Mar 2013. However, the company will be allowed to undertake the repurchase program after it successfully completes the sale of Best Buy Co.�� credit-card business to Citigroup Inc. (C). The company expects this deal to close in the third quarter of 2013.
Further, on May 2, Capital One hiked its quarterly dividend by 500% to $0.30, which was paid on May 23 to shareholders of record as on May 13. Moreover, in Apr 2013, the company�� first-quarter 2013 earnings easily surpassed the Zacks Consensus Estimate, driven by a fall in operating expenses, partially offset by decline in revenues.
Top 10 Freight Companies To Own For 2015: Marine Products Corp (MPX)
Marine Products Corporation (Marine Products), incorporated on August 31, 2000, designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht and sport fishing markets. The Company sells its products to a network of 135 domestic and 69 international independent authorized dealers. The Company focuses to remain a manufacturer of recreational powerboats for sale to a range of consumers globally. The Company manufactures Chaparral sterndrive and inboard-powered pleasure boats including H2O Sport and Fish & Ski boats, SSi and SSX Sportboats, Sunesta Sportdecks and Xtreme Tow boats, Signature Cruisers, Premiere Sport Yachts and Robalo outboard sport fishing boats. The Company offers a range of products to the family recreational, cruiser and sport yacht markets through its Chaparral brand, and to the sport fishing market through its Robalo brand.
The Company's products include Chaparral - H2O Sport Series, which is a fiberglass multipurpose runabouts; Chaparral - SSi Wide tech, which is a fiberglass closed deck runabouts; Chaparral - SSX Sportdecks, which is a fiberglass bowrider crossover sportboats; Chaparral - Sunesta Xtreme Tow Boats, which is a fiberglass pleasure boats; Chaparral - Signature Cruisers, which is a fiberglass, accommodation-focused cruisers; Chaparral - Premiere Sport Yacht, which is a fiberglass sport yacht, and Robalo - Sport Fishing Boats, which is a sport fishing boats for freshwater lakes or saltwater use. Domestic sales are made through approximately 74 Chaparral dealers, 16 Robalo dealers and 45 dealers that sell both brands located in markets throughout the United States. Marine Products also has 69 international dealers.
The Company competes with Sea Hunt, Sea Fox, Grady-White, Boston Whaler, Everglades and Parker.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 Marine Products (NYSE: MPX ) , whose recent revenue and earnings are plotted below.
10 Best Regional Bank Stocks To Own For 2014: C&F Financial Corporation(CFFI)
C&F Financial Corporation operates as the holding company for Citizens and Farmers Bank that provides various banking and related financial services to individuals and businesses. It operates through three segments: Retail Banking, Mortgage Banking, and Consumer Finance. The Retail Banking segment offers various types of checking and savings deposit accounts; business, real estate, development, mortgage, home equity, and installment loans; and ATMs, Internet banking, and credit cards, as well as travelers? checks, safe deposit box rentals, collection, notary public, wire service, and other customary bank services. This segment provides retail banking services at its main office in West Point, Virginia; and 17 branches in Chester, Hampton, Mechanicsville, Midlothian, Newport News, Norge, Providence Forge, Quinton, Saluda, Sandston, Varina, West Point, Yorktown, Williamsburg, and Richmond, Virginia. The Mortgage Banking segment originates conventional mortgage loans, mortga ge loans insured by the Federal Housing Administration, mortgage loans partially guaranteed by the Veterans Administration, and home equity loans. This segment provides mortgage loan origination services through 15 locations in Virginia, 4 in Maryland, and 2 in North Carolina, as well as 1 each in Wilmington, Delaware; Moorestown, New Jersey; and York, Pennsylvania. The Consumer Finance segment provides automobile loans in Virginia and in portions of Alabama, Indiana, Kentucky, Maryland, North Carolina, Ohio, Tennessee, Georgia, and West Virginia through offices in Richmond and Hampton, Virginia; Nashville, Tennessee; and Towson, Maryland. The company also offers brokerage services, and insurance and title insurance services. C&F Financial Corporation was founded in 1927 and is based in West Point, Virginia.Advisors' Opinion:
- [By Doug Hughes]
An example of that would be C&F Financial (CFFI) in Westport, Virginia. The CEO, Larry Dillon, has been there for 35 years, plus, the bank is trading at a p/e of 6 or 7, if you can believe it. It's only $2 over book value.
10 Best Regional Bank Stocks To Own For 2014: iShares US Home Construction ETF (ITB)
iShares Dow Jones U.S. Home Construction Index Fund (the Fund) is a non-diversified index fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Home Construction Index (the Index).
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.Advisors' Opinion:
- [By Paul Ausick]
The recovery may be real, but it is stalling a bit today. The iShares Dow Jones U.S. Home Construction (NYSEMKT: ITB) is down 1.3%, at $20.92 in a 52-week range of $17.67 to $26.21.
10 Best Regional Bank Stocks To Own For 2014: Evolva Holding SA (EVE)Evolva Holding SA (Evolva) discovers and provides ingredients for health, nutrition and wellness. Evolva uses biosynthetic and evolutionary technologies to create small molecule compounds and their production routes. The Company�� nutrition and consumer products include Pomecins, saffron, stevia, vanilla and resveratrol. The Company�� pharmaceuticals products include EV-077 and EV-035. In pharmaceuticals, the Company focuses on oral, small molecule drugs with application in complications of diabetes and infectious diseases. Pomecins are Evolva�� compounds. Evolva is focused on two members of the family - Pomecin A and Pomecin B. EV-035 is a bacterial type II topoisomerase inhibitor. Evolva is developing EV-077 for the treatment of diabetic complications. It is an oral, small molecule compound, belonging to a structural class. Advisors' Opinion:
- [By Glenwoods]
Earlier this year the giant food processor, Cargill, partnered with the small Swiss company, Evolva (SIX:EVE), which was developing its own stevia-based fermentation process, also in the pilot stage. As noted earlier in the article, Cargill is in a partnership with Coca-Cola for Truvia, the bestselling stevia product on the market. The success of the Cargill/Evolva partnership could have big implications not just for Cargill and Coca-Cola, but also on the entire stevia and sweetener market. I further believe the success of the partnership could have a major impact on Stevia First. If Cargill�� fermentation method produces a better tasting stevia product at a lower cost it would give Coca-Cola a considerable advantage over the other beverage bottlers, food manufacturers, and stevia producers. Such an outcome would force these companies to scramble to find a similar method in order to compete. There would be a very good chance that rival companies, in order to stay in the game, would have to turn to the other company developing a fermentation-based stevia product-- Stevia First. If that happens Stevia First�� value would rise considerably.
10 Best Regional Bank Stocks To Own For 2014: Mackinac Financial Corporation(MFNC)
Mackinac Financial Corporation operates as the holding company for mBank that engages in commercial banking business. It offers interest bearing and non-interest bearing deposit products, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, and certificates of deposit. The company?s loan portfolio comprises commercial real estate loans; commercial, financial, and agricultural loans; one-to-four family residential real estate loans; construction loans; and consumer loans. It operates 6 branch offices in the Upper Peninsula of Michigan, and 4 branch offices in Michigan?s Lower Peninsula; and also operates 10 automated teller machines. The company was founded in 1974 and is headquartered in Manistique, Michigan.Advisors' Opinion:
- [By Marc Bastow]
Michigan-based bank holding company Mackinac Financial (MFNC) raised its quarterly dividend 25% to 5 cents per share, payable on Jan. 8 to shareholders of record as of Dec. 30.
MFNC Dividend Yield: 2.1%
10 Best Regional Bank Stocks To Own For 2014: dELIA*s Inc.(DLIA)
dELiA*s, Inc. operates as a direct marketing and retail company in the United States. It offers a collection of apparel, dresses, swimwear, roomwear, footwear, outerwear, and key accessories primarily for teenage girls. The company sells its products through direct mail catalogs, Websites, and mall-based specialty retail stores under the dELiA*s brand name. As of January 29, 2011, it operated 114 dELiA*s retail stores. The company also markets and sells branded junior apparel, dresses, accessories, swimwear, footwear and outerwear primarily to young women through catalogs and Internet under the Alloy brand name. dELiA*s, Inc. was founded in 1997 and based in New York, New York.Advisors' Opinion:
- [By Eric Volkman]
dELIA*s (NASDAQ: DLIA ) is now a lighter company following the divestment of one of its brand lines. The company announced that it has sold its Alloy subsidiary to HRSH Acquisitions, which is conducting business under the name Alloy Apparel and Accessories. dELIA*s was paid $3.7 million in cash for the unit, and the buyer will assume roughly $3.1 million in liabilities.
- [By Sean Williams]
Don't fight history
Sometimes we just have to remember as investors that there isn't room enough for every company to succeed. Thus enters dELiA*s (NASDAQ: DLIA ) , an online and mail catalog retailer that markets apparel to teenage girls and young women.
10 Best Regional Bank Stocks To Own For 2014: Cerner Corp (CERN)
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT) solutions, services, devices and hardware. Cerner solutions optimize processes for healthcare organizations. These solutions are licensed by approximately 9,300 facilities globally, including more than 2,650 hospitals; 3,750 physician practices 40,000 physicians; 500 ambulatory facilities, such as laboratories, ambulatory centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; 40 employer sites and 1,600 retail pharmacies. The Company operates in two segments: domestic and global. The domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The global segment includes revenue contributions and expenditures linked to business activity in Argentina, Aruba, Australia, Austria, Canada, Cayman Islands, Chile, China (Hong Kong), Egypt, England, France, Germany, Guam, India, Ireland, Italy, Japan, Malaysia, Morocco, Puerto Rico, Qatar, Saudi Arabia, Singapore, Spain, Sweden, Switzerland and the United Arab Emirates. On May 23, 2011, the Company acquired Resource Systems, Inc. On October 17, 2011, the Company acquired Clairvia, Inc. Effective March 18, 2013, it acquired Labotix Automation Inc.
The Company designs and develops software solutions on the unified Cerner Millennium architecture, a person-centric computing framework, which combines clinical, financial and management information systems. This architecture allows providers to access an individual�� electronic health record (EHR) at the point of care, and it organizes and proactively delivers information to meet the specific needs of physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals and consumers. It also offers a range of services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, healthcare data analysis, clinical proc! ess optimization, transaction processing, employer health centers, employee wellness programs and third party administrator (TPA) services for employer-based health plans.
The Company offers a longitudinal, person-centric EHR, which gives clinicians electronic access to the right information at the right time and place to achieve optimal health outcomes. Medical information and care regimens accessible from home enables consumers to manage their conditions and adhere to treatment plans, creating a medium between physicians and individuals. Its Cerner ITWorks is a suite of services, which creates an alignment between Cerner and its clients. Its Cerner RevWorks includes solutions and services to help healthcare organizations improve their revenue cycle functions. It offers clinic, pharmacy and wellness services directly to employers.
The Company's Healthe Intent Chart Search includes clinical meanings of words located within the electronic medical record (EMR), as well as the context in which those words occur to create algorithms that identify and rank information contextually. The Healthe Intent platform also provides the ability to apply algorithms against contextual clinical activity to recommend clinical action.
The Company competes with Allscripts Healthcare Solutions, Inc., Computer Programs and Systems, Inc. (CPSI), Epic Systems Corporation, GE Healthcare Technologies, Healthcare Management Systems, Inc. (HMS), Healthland, Inc., Computer Sciences Corporation (iSoft), Keane, Inc., McKesson Corporation, Medical Information Technology, Inc. (Meditech), Siemens Medical Solutions Health Services Corporation, Quadramed Corporation, Accenture plc, Affiliated Computer Services (ACS), Cap Gemini S. A., Computer Task Group, Inc. (CTGHS), Dell, Inc., Deloitte Consulting LLP, Hewlett-Packard Company, IBM Corporation, maxIT Healthcare LLC, AmazingCharts.com, Inc., Athenahealth, Inc., eClinicalWorks LLC, e-MDs, Inc., Greenway Medical Technologies, MED3000, Inc., Quality Sy! stems, In! c., Conceptual MindWorks, Inc., Vitera Healthcare Solutions, API Healthcare, CapsuleTech, Inc., CareFusion Corporation, GE Healthcare Technologies, iSirona, LLC, McKesson Corporation, Omnicell, Inc., Accretive Health, Inc., Capario, Inc., Emdeon Corporation, McKesson Corporation, MedAssets, Inc., Optum, Inc., SSI Group, Inc. and 3M Company.Advisors' Opinion:
- [By Dan Caplinger]
Quality Systems certainly has plenty of growth potential. Late last month, competitor Cerner (NASDAQ: CERN ) announced record bookings for its first quarter, and with a strong backlog and favorable guidance for the full 2013 year, Cerner is finding promising ways forward to grow its business. Cerner's results point to strength not just within the company but for the broader industry as well, and Quality Systems is poised to tap into the generally positive environment.