James Reynolds is Chairman and Chief Executive Officer of Loop Capital. I recently sat down with Jim to talk about muni bonds, the future of his home state of Illinois and what Democrats can learn from Republican governors like Chris Christie, Scott Walker, and John Kasich. Video and a transcript of our conversation follows.
Steve Forbes: Jim, good to have you again. It�� been a couple of years.
Jim Reynolds: It has been.
Forbes: You run a relatively small firm, sort of a jack of all trades though. You are in a lot of areas, munis. But you are in public-private partnership financing, M&A, been doing acquisitions. So, how would you define the firm, and what do you think it goes. Then, how do you survive in an area where we have too big to fail, despite all the rhetoric to the contrary.
Reynolds: Well, I will start with your second question first. The good news is we have been able to avoid the attention of Washington, D.C. And the intense scrutiny of the regulators. We��e not deemed too big to fail nor are we considered a SIFI [Systemically Important Fiscal Institution], which is great.
Top Low Price Stocks For 2016: Bumi Resources Tbk PT (BUMI)
PT Bumi Resources Tbk is an Indonesia-based company engaged in exploration and exploitation of coal deposits, including coal mining, and oil exploration. It also owns gold, iron, ore, zinc, lead and copper mines thorugh its subsidiaries. The Company and its subsidiaries classify their products and services into four core business segments: coal mining, services, oil and gas, and gold. The coal mining activities comprise exploration and exploitation of coal deposits, including mining and selling coal. The activity of services represents marketing and management services. The activity of gold, oil and gas are still under exploration stage. Advisors' Opinion:- [By Inyoung Hwang]
GlaxoSmithKline Plc (GSK) was the biggest drag on the benchmark measure after an executive said some employees may have broken the law in China. Bumi (BUMI) Plc tumbled 8.6 percent after the coal producer at the center of an ownership dispute ended a three-month halt in London trading. Fresnillo Plc and Randgold Resources Ltd. each added at least 3 percent as gold and silver rallied for a third day.
Top 10 Gas Utility Stocks To Watch For 2015: Warner Chilcott plc(WCRX)
Warner Chilcott Public Limited Company, a specialty pharmaceutical company, together with its subsidiaries, engages in the development, manufacture, and promotion of branded pharmaceutical products focusing on the women?s healthcare, gastroenterology, dermatology, and urology markets in North America and western Europe. Its principal products include ACTONEL for the prevention and treatment of postmenopausal osteoporosis; ATELVIA for the treatment of postmenopausal osteoporosis; LOESTRIN 24 FE and LO LOESTRIN FE, which are oral contraceptives for the prevention of pregnancy; ESTRACE cream, a vaginal cream for the treatment of vaginal and vulvar atrophy; ASACOL for the treatment of ulcerative colitis for orally administered 5-aminosalicylic acid products and maintenance of remission; ASACOL HD for the treatment of moderately active ulcerative colitis; DORYX, a tetracycline-class oral antibiotic for the treatment of severe acne; and ENABLEX for the treatment of overactive b ladder. The company markets its products and services through wholesale pharmaceutical distributors, and retail drug store chains. It has a strategic collaboration agreement with Sanofi-Aventis U.S. LLC. Warner Chilcott Public Limited Company was founded in 1968 and is headquartered in Dublin, Ireland.
Advisors' Opinion:- [By Rich Smith]
On Friday, shares of branded pharmaceutical manufacturer Warner Chilcott (NASDAQ: WCRX ) jumped 20% in response to rumors that the company was in talks to sell itself to larger rival Actavis (NYSE: ACT ) . Warner also reported steady earnings, where a decline had been expected, and reiterated full-year guidance.
- [By Sean Williams]
What: Shares of Warner Chilcott (NASDAQ: WCRX ) , a branded pharmaceutical company focused on women's health care, shot higher by as much as 20% after the company reported its first-quarter earnings results, and on news that it could be a buyout target.
- [By Dan Caplinger]
Tomorrow, Warner Chilcott (NASDAQ: WCRX ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed kneejerk reaction to news that turns out to be exactly the wrong move.
Top 10 Gas Utility Stocks To Watch For 2015: Oil and Gas Development Co Ltd (OGDC)
Oil and Gas Development Company Limited (OGDCL) is a Pakistan-based company engaged in the exploration and development of oil and gas resources, including production and sale of oil and gas and related activities. As the fiscal year ended June 30, 2012, the Company�� crude oil production was 37,615 barrels of oil per day, and 17 wells were spudded. As of June 30, 2011, the Company operated in 31 exploration blocks (22 blocks with 100% shares including an offshore block, and 12 blocks as operated joint ventures), including 3 offshore blocks. Its projects include Uch-II Development Project, KPD-TAY Integrated Development Project, Jhal Magsi Development Project, Sinjhoro Development Project and Nashpa/ Mela Development Project. Advisors' Opinion:- [By Weiyi Lim]
Drinkall, whose $83 million Frontier Emerging Markets Portfolio (MFMIX) beat 99 percent of peers tracked by Bloomberg during the past 12 months with a 40 percent gain, said he favors Nigeria because of its economic growth prospects and Pakistan on the nation�� improving political stability. His fund held shares of Lagos-based Dangote Cement Plc (DANGCEM) and Islamabad-based Oil & Gas Development Co. (OGDC) as of April 30, Morgan Stanley�� website shows.
Top 10 Gas Utility Stocks To Watch For 2015: Applied Materials Inc.(AMAT)
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company?s Silicon Systems Group segment offers a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. This segment provides systems that perform primary processes used in chip fabrication, including atomic layer deposition, chemical vapor deposition, physical vapor deposition, electrochemical deposition, rapid thermal processing, chemical mechanical planarization, wet cleaning, and wafer metrology and inspection, as well as systems that etch or inspect circuit patterns on masks used in the photolithography process. Its Applied Global Services segment offers products and services designed to enhance the performance and productivity, and reduce the environmental impact of the fab operations of semiconductor, liquid crystal displays (LCDs), and solar P V manufacturers. The company?s Display segment provides products for manufacturing thin film transistor LCDs for televisions, personal computers (PCs), tablet PCs, smartphones, and other consumer-oriented electronic applications. Its Energy and Environmental Solutions segment offers manufacturing systems for the generation and conservation of energy, as well as manufacturing solutions for wafer-based crystalline silicon applications. This segment also provides roll-to-roll vacuum Web coating systems for deposition of a range of films on flexible substrates for functional, aesthetic, or optical properties; and roll-to-roll machine for depositing ultra-thin aluminum films for flexible packaging applications. The company serves manufacturers of semiconductor wafers and chips, flat panel LCDs, solar PV cells and modules, and other electronic devices. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.
Advisors' Opinion:- [By Beth Piskora]
They are listed below:
Altera (ALTR)��ielding 1.7%
Apple (AAPL)��ielding 2.5%
Applied Materials (AMAT)��ielding 2.6%
Cisco (CSCO)��ielding 2.9%
EMC Corp. (EMC)��ielding 1.5%
International Business Machines (IBM)��ielding 2.0%
KLA-Tencor (KLAC)��ielding 3.2%
Microchip Technology (MCHP)��ielding 3.6%
Oracle (ORCL)��ielding 1.5%
Qualcomm (QCOM)��ielding 2.1%
Texas Instruments (TXN)��ielding 2.9%
Xilinx (XLNX)��ielding 2.3%
Subscribe to S&P's The Outlook here��/P>
- [By Paul Ausick]
We have tracked the key short interest changes as of September 30 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp. (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvidia Corp. (NASDAQ: NVDA), Texas Instruments Inc. (NASDAQ: TXN) and Applied Materials Inc. (NASDAQ: AMAT). We also chose to look at how the Market Vectors Semiconductor ETF (NYSEMKT: SMH) has held up.
Top 10 Gas Utility Stocks To Watch For 2015: Speedway Motorsports Inc.(TRK)
Speedway Motorsports, Inc., through its subsidiaries, operates as a promoter, marketer, and sponsor of motor sports activities in the United States. The company principally owns and operates Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Infineon Raceway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, and Texas Motor Speedway racing facilities. The company also provides souvenir merchandising services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it develops electronic media promotional programming; and distributes wholesale and retail racing, and other sports related souvenir merchandise and apparel. Further, the company manufactures and distributes smaller-scale, modified racing cars and parts; and produces and sells an environmentally-friendly micro-lubricant. Speedway Motorsports has a joint venture with International Speedway Corporat ion to produce, market, and sell licensed motorsports collectible and consumer products, primarily trackside event souvenir merchandising. The company was founded in 1959 and is based in Concord, North Carolina.
Advisors' Opinion:- [By Patricio Kehoe]
The motorsports industry is a natural monopoly at the local level, since only one racetrack can hold NASCAR events in each market, and until now, International Speedway has won this battle. Nevertheless, over the past five years, this company has suffered under declining ticket and concession spending, due to a weak demographic fan base located in troubled geographies. Although recent racetrack changes and customer stabilization will leave ISCA well positioned when spending power increases once again, this is bound to happen at a slow pace. However, the distinct properties of each racetrack attract high brand loyalty, and have compelled competitors like Speedway Motorsports Inc. (TRK) to focus business on completely different markets, therefore posing no real threat to ISCA.
- [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 Speedway Motorsports (NYSE: TRK ) , whose recent revenue and earnings are plotted below. - [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 Speedway Motorsports (NYSE: TRK ) , whose recent revenue and earnings are plotted below.
Top 10 Gas Utility Stocks To Watch For 2015: QR Energy LP(QRE)
QR Energy, LP, through its subsidiary, QRE Operating, LLC, engages in the acquisition, production, and development of onshore crude oil and natural gas properties in the United States. As of March 31, 2011, its properties consisted of working interests in 2,140 gross producing wells located in Alabama, Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, and Texas. QRE GP, LLC operates as the general partner of the company. QR Energy, LP was founded in 2006 and is based in Houston, Texas.
Advisors' Opinion:- [By Lee Jackson]
QR Energy L.P. (NYSE: QRE) is an energy total return home run for investors. This MLP after a recent acquisition is now one of the largest producers (2,300 barrels per day) in the historic East Texas oil field. Raymond James has a $19 target, the consensus is at $20. Investors are paid a huge 11.7% distribution. MLP distributions may include return of principal.
- [By Aimee Duffy]
3. QR Energy (NYSE: QRE ) -- 11.7% yield
QR Energy is an exploration and production MLP, focused on developing mature assets in five different oil- and gas-producing regions stretching from the Permian Basin up to central Michigan. It's a small operation, with reserves of 99.1 million barrels of oil equivalent to its name. - [By Robert Rapier]
While I still think LRE units are undervalued, BreitBurn Energy Partners probably presents a more compelling case at present.
QR Energy (NYSE: QRE) reported a solid third quarter, with earnings before interest, taxation, depreciation and amortization (EBITDA) up 13 percent to $69 million. Production was up 5 percent despite a disruption at some of it operations.
Distributable cash flow for the quarter was up 26 percent to $35 million, or $0.54 per unit, adequately covering its current distribution of $0.4875. (The partnership will convert to monthly distributions in 2014.) Based on Friday’s close, this translates into an annualized yield of 11.8 percent. Given that QRE’s solid performance came despite temporary production issues, it looks like a decent bet in the upstream MLP space for 2014.
Top 10 Gas Utility Stocks To Watch For 2015: HeartWare International Inc (HTWR)
Heartware International, Inc. (HeartWare), incorporated on June 25, 2010, develops and manufactures small implantable heart pumps, or ventricular assist devices, for the treatment of advanced heart failure. The HeartWare Ventricular Assist System (the HeartWare System), which includes a ventricular assist device (VAD), or blood pump, patient accessories and surgical tools, is designed to provide circulatory support for patients in the advanced stage of heart failure. The core of the HeartWare System is a continuous flow blood pump, the HVAD Pump, which is a full-output device capable of pumping up to 10 liters of blood per minute. The HeartWare System is designed to be implanted adjacent to the heart, avoiding the abdominal surgery generally required to implant similar devices. In August 2012, it acquired World Heart Corporation. As of December 31, 2012, the HeartWare System has been implanted outside of the United States at approximately 168 health care sites in 28 countries. In December 2013, HeartWare International Inc acquired CircuLite, Inc.
Proprietary Pump Technology
The HeartWare System is full-output centrifugal pump designed to be implanted in the chest, directly adjacent to the heart. At the core of the Company�� technology platform is its hybrid system for suspending the impeller, which is the only moving part within the pump. The impeller is suspended within the pump housing by the opposing forces of passive magnets and hydrodynamic thrust generated by the pump impeller, which circulates a cushion of
blood. Once power is applied to the device and the impeller begins to rotate, there are no points of mechanical contact within the pump, thus providing a completely wearless pumping system.
The HeartWare System
The HeartWare System consists of the HVAD Pump, a small, permanently implantable VAD, patient accessories and surgical tools. The HVAD Pump is capable of generating up to 10 liters of blood flow per minute. With a displaced v! olume of only 50 cubic centimeters and a mass of 140 grams, the HVAD Pump is the only full-output pump implantable in the pericardial space, directly adjacent to the heart. It is also the only pump designed to be implanted above the diaphragm in all eligible patients.
The HeartWare MVAD
The miniaturized ventricular assist device (MVAD) is a miniaturized blood pump intended for chronic heart failure patients. The device is a full-output axial flow pump with a fully suspended rotor and a displacement volume approximately one-third that of the HVAD Pump.
The Company competes with Thoratec Corporation, Jarvik Heart, MicroMed Technology, Inc, Berlin Heart AG, Terumo Heart, Inc., Sunshine Heart, Inc and CircuLite, Inc., Evaheart Medical USA, Inc.
Advisors' Opinion:- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
HeartWare International Inc.(HTWR) said it received a warning letter from the U.S. Food and Drug Administration, citing concerns about procedures for validating device design and other issues.
- [By Todd Campbell]
Competing for heart pump market share
Abiomed's products provide circulatory support for up to six hours and are designed for use in cardiac cath labs or during heart surgery, but competitors Thoratec (NASDAQ: THOR ) and Heartware (NASDAQ: HTWR ) target the intermediate- and long-term-use market instead.
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