Out of nine initial public offerings (IPOs) tentatively scheduled for the week ending November 22nd, five actually took place. Here�� a look at how they performed on the first day of trading.
Liquefied natural gas (LNG) shipper, Navigator Holdings Ltd. (NASDAQ: NVGS) began trading on Thursday. The company sold 12 million shares at an IPO price of $19, the high end of its expected range of $17 to $19. The company also increase the number of shares on offer from 11.3 million. The shipping company raised about $156 million of which about $73 million will be used to pay for new ships and the rest is tabbed for general corporate purposes. Shares closed at $19.97 on Thursday and $20.06 on Friday.
Contemporary clothing maker Apparel Holding Corp. changed its name to Vince Holding Corp. (NYSE: VNCE) immediately before its Friday IPO on Friday. The company sold 10 million shares at $20 a share, above the expected range of $17 to $19. Vince Holding makes high-end apparel under several brand names that are sold in department stores like Bloomingdale�� and Neiman Marcus. The stock opened at $29.50 and closed at $28.66, about 43% above the IPO price.
Top Performing Stocks To Own For 2015: Arctic Gold Publ AB (ARCT)
Arctic Gold Publ AB, formerly known as Alcaston Exploration AB, is a Sweden-based exploration and mine development company. Its main focus is on the Bidjovagge gold and copper ore field in northern Norway. The project is located in the municipality of Kautokenio. Apart from that, the Company�� portfolio comprises gold and base metal projects in the Norrbotten and Vasterbotten in northern Sweden. As of December 31, 2011, the Company held 78 exploration permits in Norway, comprising a total of 23.1 square kilometers. In Sweden the Company has 12 exploration permits comprising 17.4 square kilometers. As of December 31, 2011, the Company had one wholly owned subsidiary, namely Arctic Gold Operations AB. As of December 31, 2011, the Company�� largest shareholder was M.Elsasser & CIE AG (12.06%). Advisors' Opinion:- [By Brad Thomas]
He has undeniably delivered for his investors. In the space of 18 months, Mr. Schorsch has executed three transactions. He helped with the roadshow for Healthcare Trust of America (HTA), a non-traded REIT for which he served as broker-dealer and raised nearly $1 billion. He also listed American Realty Capital Trust (ARCT) for public trading and merged ARCT III with his own American Realty Capital Properties (ARCP). The three deals netted investors internal rates of return of 11%, 14% and 33%, respectively, according to company data. In the meantime, publicly traded shares of ARCP have increased 60% - to $16, from $10 - since last July.
Top 5 Shipping Companies To Invest In 2014: Comcast Corporation(CMCSA)
Comcast Corporation, together with its subsidiaries, provides entertainment, information, and communications products and services in the United States and internationally. Its Cable Communications segment provides video, high-speed Internet, and phone services to residential and business customers. As of June 30, 2011, its cable systems served approximately 22.5 million video customers, 17.5 million high-speed Internet customers, and 9.1 million phone customers. The company?s Cable Networks segment operates cable entertainment networks, such as USA Network, Syfy, E!, Bravo, Oxygen, Style, G4, Chiller, Sleuth, and Universal HD; news and information networks, including CNBC, MSNBC, and CNBC World; cable sports networks comprising Golf Channel and VERSUS; regional sports and news networks; international entertainment, and news and information networks, such as CNBC Europe, CNBC Asia, and Universal Networks International portfolio of networks; cable television production oper ations; and digital media properties consisting primarily of brand-aligned Websites and other Websites, such as DailyCandy, Fandango, and iVillage. Its Broadcast Television segment operates the U.S. broadcast networks, NBC and Telemundo; 10 NBC and 15 Telemundo owned local television stations; broadcast television productions; and related digital media properties. The company?s Filmed Entertainment segment operates Universal Pictures, which produces, acquires, markets, and distributes filmed entertainment and stage plays worldwide in various media formats for theatrical, home entertainment, television, and other distribution platforms. Its Theme Parks segment operates Universal Studios Hollywood park and Wet ?n Wild water park, as well as licenses intellectual properties and provides services to third parties that own and operate Universal Studios Japan and Universal Studios Singapore. Comcast Corporation was founded in 1963 and is based in Philadelphia, Pennsylvania.
Advisors' Opinion:- [By Johanna Bennett]
Charter Communications (CHTR) and Comcast (CMCSA) are each also contemplating bids. The WSJ reported late�today that Charter is arranging $25 billionin debt to fund its bid.
- [By Douglas A. McIntyre]
The XXII Olympic Winter Games held in Sochi, Russia, belong to NBC, at least from the standpoint of traditional media coverage. Comcast’s (NASDAQ: CMCSA) NBCUniveral unit paid $4.38 billion for the U.S. �media rights to four Olympics taking place between from 2014 to 2020. The network needs to recoup the money, beginning at Sochi, mostly through television advertising. It may not have expected that it would not only vie with traditional media for coverage, but would have its ratings tested by social media as well.
- [By Tim Beyers]
I've mixed feelings about the matchup, both as a film fan and as an investor. Personally, I found 2010's Despicable Me to be a delight, with the impossibly cute minions softening Steve Carell's hardened supervillain, Gru. Audiences agreed as the film grossed $543.1 million worldwide on a $69 million production budget. Despicable Me 2, which cost Comcast's (NASDAQ: CMCSA ) Universal Pictures $76 million, could earn that much or more.
- [By Rick Aristotle Munarriz]
Alamy In the end, despite much anticipation, Disney (DIS) didn't use much of the Force, Luke. Disney hosted its biennial D23 fan club expo in Anaheim over the weekend, and while Star Wars promised to be a major part of the festivities, the family entertainment giant was surprisingly tight-lipped about the iconic sci-fi franchise. There was little to say by Disney executives on the seventh installment of the movie series that J.J. Abrams will be bringing to a multiplex near you in two years. As for Star Wars-themed attractions, Disney was equally cryptic on any new rides, shows, and attractions that it may open to cash in on the global popularity of its Star Wars characters. There was a Star Wars display hinting at potential attractions, but good luck deciphering the crates on display with lettering indicating that they contain everything from assorted lightsabers to bantha milk. One crate appeared to have housed R2-D2 until he carved his way out. Is the suggestion here that we'll be getting an interactive ride where guests can swing about virtual sabers for points, step into the Mos Eisley cantina or some other elaborate theme restaurant to order the creamy blue bantha beverage, and go on an R2-D2's Great Escape thrill ride? We just don't know, yet. Clearly something is coming. The crates were addressed to Disney's imagineering department, where new attractions are developed. Fans will simply have to wait. What an Amazing Synergy You've Discovered When Disney stunned investors by revealing that it would be spending more than $4 billion to acquire George Lucas' Lucasfilm, the chatter immediately turned to what it could do with the potent Star Wars franchise that seemed to be languishing under its creator. There were no rational fears that Disney would dumb down the defining science fiction property. Mickey Mouse and Pluto weren't going to be cast as Han Solo and Chewbacca, respectively. Minnie Mouse wasn't going to channel Princess Leia. Donald Duck wouldn'
Top 5 Shipping Companies To Invest In 2014: Otter Tail Corporation(OTTR)
Otter Tail Corporation engages in electric and nonelectric operations in the United States and internationally. It operates in six segments: Electric, Plastics, Manufacturing, Health Services, Food Ingredient Processing, and Other Business Operations. The Electric segment includes the production, transmission, distribution, and sale of electric energy through coal, wind, hydro, natural gas, and oil in Minnesota, North Dakota, and South Dakota. As of December 31, 2009, it provided electricity to approximately 130,900 customers, including residential, industrial, commercial, and other customers. This segment also operates as a wholesale participant in the Midwest Independent Transmission System Operator markets. The Plastics segment involves in producing polyvinyl chloride (PVC) pipes. The Manufacturing segment engages in the production of wind towers; contract machining; metal parts stamping and fabrication; production of waterfront equipment; and material and handling tray s, and horticultural containers. The Health Services segment sells diagnostic medical equipment, patient monitoring equipment, and related supplies and accessories. This segment also provides equipment maintenance service and diagnostic imaging services; and involves in the rental of diagnostic medical imaging equipment to various medical institutions. The Food Ingredient Processing segment produces dehydrated potato products. The Other Business Operations segment engages in residential, commercial, and industrial electric contracting; fiber optic and electric distribution systems; water, wastewater, and HVAC systems construction; and transportation and energy services businesses. The company was formerly known as Otter Tail Holding Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is based in Fergus Falls, Minnesota.
Advisors' Opinion:- [By Richard Stavros]
In examining the top two stock sellers and top two stock buyers listed above, we illustrate how these companies are managing their efforts to return cash to shareholders (See Chart C). The chart clearly shows that those firms that were making stock buybacks had better shareholder yields than those that were making stock issuances, namely Otter Tail Corp (NYSE: OTTR) and The AES Corp (NYSE: AES).
Top 5 Shipping Companies To Invest In 2014: Euro/Swiss(RF)
Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. It offers various deposit products, including savings and transaction accounts; demand deposit accounts; money market accounts; and time deposits, such as certificate of deposits and individual retirement accounts. The company?s loan portfolio comprises commercial loans, such as commercial and industrial, and owner occupied commercial real estate mortgage and construction loans; investor real estate loans, including commercial real estate mortgage and construction loans; and consumer loans, which consist of residential first mortgage, home equity, indirect, consumer credit card, and other consumer loans. Regions Financial Corporation, through other subsidiaries, also provides regional brokerage and investment banking products and services, such as securities brokerage, trust, asset management, finan cial planning, mutual funds, securities underwriting, sales and trading, and investment banking services for individual and institutional investors; and insurance brokerage services for various lines of personal and commercial insurance comprising property, casualty, life, health, and accident. In addition, the company offers credit-related insurance, including title, term life, credit life, environmental, crop, and mortgage insurance; debt cancellation products; and equipment financing products primary for commercial clients. As of December 31, 2011, it operated approximately 2,100 ATMs and 1,726 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company was founded in 1970 and is headquartered in Birmingham, Alabama.
Advisors' Opinion:- [By Jay Jenkins]
Huntington, and other regional banks like KeyCorp (NYSE: KEY ) and Regions Financial (NYSE: RF ) , are staying out of the headlines, bringing strong products to the market, and as a result, winning new business. In the video below, Motley Fool contributor Jay Jenkins highlights Huntington as an industry leader in customer-focused banking.
- [By Monica Gerson]
Regions Financial (NYSE: RF) is expected to report its Q4 earnings at $0.20 per share on revenue of $1.31 billion.
Unilever plc (NYSE: UL) is estimated to report its Q4 results.
- [By Selena Maranjian]
Citadel reduced its stake in lots of companies, including Regions Financial (NYSE: RF ) , which has also been upping its dividend payout aggressively, tripling it a few months ago. The bank's first-quarter earnings topped analyst expectations, but also featured a drop in revenue. Its improved performance in Federal Reserve stress tests has encouraged investors.
- [By Sue Chang]
Regions Financial Corp. (RF) �is likely to post fourth-quarter earnings of 20 cents a share.
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