Last week, Federal Reserve Chairman Ben Bernanke acknowledged that as economic conditions improved, he'd start tapering his bond-buying stimulus program. Markets tumbled on the news, but it was a wonderful gift from the Fed Chairman to patient investors looking to pick up companies at reasonable prices.
For the real-money Inflation-Protected Income Growth portfolio, it meant that the long-standing limit order to buy energy pipeline giant Kinder Morgan (NYSE: KMI ) below $36 finally triggered on Friday. That purchase means that the original $30,000 invested in the iPIG portfolio has now been completely allocated to stocks. With all that cash allocated, the next test is whether the companies in the portfolio will continue their strings of paying and raising their dividends.
Speaking of dividends
Of the previously existing holdings in the portfolio, two paid their dividends last week: fast-food giant McDonald's (NYSE: MCD ) and electricity generator NV Energy (NYSE: NVE ) . McDonald's $0.77 per share added $12.32 to the iPIG portfolio's coffers and was the company's third consecutive quarterly dividend at that rate. NV Energy's $0.19 per share handed $15.96 to the iPIG portfolio and was the second quarterly payout at that level.
Top Small Cap Companies To Watch For 2015: PRGX Global Inc.(PRGX)
PRGX Global, Inc., together with its subsidiaries, provides recovery audit, healthcare claims recovery audit, and analytics and advisory services. The company?s recovery audit services are based on the mining and auditing of clients? purchasing data for overpayments to suppliers; and healthcare claims recovery audit services consist of identification of overpayments and underpayments made to healthcare providers, such as hospitals and physicians? practices. Its analytics and advisory services focuses on client functional and process areas and provides services to senior finance executives to optimize working capital, reduce enterprise costs, transform the finance function, and enhance corporate performance. The company serves retailers, such as discount, department, specialty, grocery, and drug stores; business enterprises, including manufacturers, financial services firms, and pharmaceutical companies; private sector health insurance companies, and state and federal go vernment payers consisting of the centers for Medicare and Medicaid Services; and federal and state government agencies. It has operations in the United States, Canada, rest of Latin America, Europe, Asia, and rest of the Pacific region. The company was formerly known as PRG-Schultz International, Inc. and changed its name to PRGX Global, Inc. in January 2010. PRGX Global, Inc. was founded in 1990 and is based in Atlanta, Georgia.
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 PRGX Global (Nasdaq: PRGX ) , whose recent revenue and earnings are plotted below.
Hot Income Companies To Invest In Right Now: Expedia Inc.(EXPE)
Expedia, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally. It provides travel products and services to leisure and corporate travelers, offline retail travel agents, and travel service providers through a portfolio of brands, including Expedia.com, hotels.com, Hotwire.com, Expedia Affiliate Network, Classic Vacations, Expedia Local Expert, Expedia CruiseShipCenters, Egencia, eLong, Inc., and Venere Net SpA. The company?s travel offerings consist of airline tickets, hotel rooms, car rentals, destination services, cruises, and package travel provided by various commercial airlines, lodging properties, car rental companies, destination service providers, cruise lines, and other travel product and service companies on a stand-alone and package basis. It also facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transa ction, passing reservations booked by its travelers to the relevant travel provider. The company was founded in 1996 and is headquartered in Bellevue, Washington.
Advisors' Opinion:- [By Sue Chang and Saumya Vaishampayan]
Expedia Inc. (EXPE) �shares skyrocketed 15%. The online travel agency reported fourth-quarter adjusted earnings of 92 cents a share, beating expectations. Its competitor TripAdvisor Inc. (TRIP) �climbed 10% and Priceline.com Inc. (PCLN) � added 4.8%.
- [By Shauna O'Brien]
Expedia Inc (EXPE) announced on Monday that it has agreed to acquire travel website Wotif.com.
Expedia reported that it has entered into an agreement to acquire Australia based travel company Wotif.com for A$703 million ($658.3 million), or A$3.30 per share. This price is a 30% premium from Wotif.com’s share price leading up to July 4. The deal is expected to close in the fourth quarter.
EXPE’s president and CEO Dara Khosrowshahi commented: “Wotif Group is well positioned in the Asia-Pacific region with a portfolio of leading travel brands.
“This acquisition will allow both companies to continue driving growth opportunities by leveraging the unique strengths each brings to the table. Wotif Group will add to our collection of travel’s most trusted brands and enhance our Asia-Pacific supply, while Expedia will expose Wotif Group’s customers to our extensive global supply and world-class technology,” Khosrowshahi added.
EXPE Dividend SnapshotAs of Market Close on July 3, 2014
Click here to see the complete history of EXPE dividends.
Expedia shares were up 39 cents, or 0.47% during pre-market trading Monday. The stock is up 18.02% YTD.
Hot Income Companies To Invest In Right Now: Allergan Inc. (AGN)
Allergan, Inc., a multi-specialty healthcare company, discovers, develops, and commercializes specialty pharmaceutical, medical device, and over-the-counter products for the ophthalmic, neurological, medical aesthetics, medical dermatological, breast aesthetics, obesity intervention, urological, and other specialty markets worldwide. It operates in two segments, Specialty Pharmaceuticals and Medical Devices. The Specialty Pharmaceuticals segment offers a range of pharmaceutical products, including ophthalmic products for chronic dry eye, glaucoma therapy, ocular inflammation, infection, allergy, and retinal diseases; Botox for the therapeutic and aesthetic indications; skin care products for acne, psoriasis, and other skin care products; eyelash growth products; and urologics products. The Medical Devices segment offers a range of medical devices, such as breast implants for augmentation, revision, and reconstructive surgery; obesity intervention products, including the La p-Band System and the Orbera Intragastric Balloon System; and facial aesthetics products. The company also offers Contigen for the treatment of urinary incontinence due to intrinsic sphincter deficiency. It sells its products to drug wholesalers, independent and chain drug stores, pharmacies, commercial optical chains, opticians, mass merchandisers, food stores, hospitals, group purchasing organizations, integrated direct hospital networks, and ambulatory surgery centers, as well as to medical practitioners, including ophthalmologists, neurologists, dermatologists, plastic and reconstructive surgeons, aesthetic specialty physicians, bariatric surgeons, pediatricians, urologists, and general practitioners. Allergan, Inc. has strategic research collaboration agreements with ExonHit Therapeutics S.A.; Spectrum Pharmaceuticals, Inc.; and Pieris AG. The company was founded in 1948 and is headquartered in Irvine, California.
Advisors' Opinion:- [By Ben Levisohn]
It’s never a good sign when a top executive leaves a company citing “family reasons,” and that just happens to be the excuse given for CFO Jeff Edwards’ departure from Allergan (AGN) today.But Citigroup’s Liav Abraham says not to worry–especially as it regards Valeant Pharmaceuticals’ (VRX) hostile bid. Sometimes family reasons are just family reasons:
Hot Income Companies To Invest In Right Now: Compressco Partners LP (GSJK)
Compressco Partners, L.P. is a provider of wellhead compression-based production enhancement services (production enhancement services). The Company provides its services to a base of natural gas and oil exploration and production companies operating throughout many of the onshore producing regions of the United States, as well as in Canada and Mexico. Its production enhancement services primarily consist of wellhead compression, related liquids separation, gas metering, and vapor recovery services. It also provides ongoing well monitoring services, and, in Mexico, automated sand separation services in connection with its primary production enhancement services. It design and manufacture most of the compressor units it use to provide its production enhancement services. Compressco Partners GP, Inc. is the general partner of the Company. In January 2014, the Company announced that it has completed the acquisition of Compression assets for gas lift markets as part of its defined strategic growth objectives.
GasJack unit fleet
The Company�� GasJack unit allows it to perform compression, liquids separation and optional gas metering services all from one skid. The Company focuses on the natural gas wells in its operating regions that produce between 30,000 and 300, 000 cubic feet of natural gas per day (Mcf/d) and less than 50 barrels of water per day. The Company primarily utilize its natural gas powered GasJack compressors, or GasJack units, to provide wellhead compression services. Its GasJack units increase gas production by reducing surface pressure, which allows wellbore fluids that would normally block gas flow to produce up the well. The 46-horsepower GasJack unit is an integrated power/compressor unit equipped with an industrial 460-cubic inch, V-8 engine that uses natural gas from the well to power one bank of cylinders that, in turn, powers the other bank of cylinders, which provide compression. As of December 31, 2011, the Company had a fleet of 3,145 GasJack units.!
VJack unit fleet
The Company utilizes its electric VJack compressors, or VJack units, to provide its production enhancement services on wells located in larger, mature oil fields, such as the Permian Basin in West Texas and New Mexico, and in environmentally sensitive markets, such as California, when electric power is available at the production site. Its VJack unit is designed for vapor recovery applications (to capture natural gas vapors emitting from closed storage tanks after production and to reduce storage tank pressures) and backside pumping applications on oil wells (to reduce pressures caused by casing head gas in oil wells with pumping units). Based on GasJack unit technology, the VJack unit is capable of full wellbore stream production, and can handle up to 50 barrels per day of liquids on a standard skid package. As of December 31, 2011, it had a fleet of 50 VJack units. Its GasJack and VJack compressor units are mounted on steel skids.
ePumper system
Utilizing its ePumper system, SCADA satellite telemetry-based reporting system, it remotely monitor in real time, whether its services are being continuously provided at each well site. The ePumper system improves the response time of its field personnel.
Well Monitoring and Automated Sand Separation Services
The Company also provides ongoing well monitoring services and, in Mexico, automated sand separation services. Its well monitoring services consist of ongoing testing and evaluation of wells to determine how its wellhead compression services are optimizing the production from a well.
Advisors' Opinion:- [By Jake L'Ecuyer]
Energy sector gained 0.85 percent in the US market today. Among the energy stocks, McDermott International (NYSE: MDR) was down more than 9.3 percent, while Compressco Partners LP (NASDAQ: GSJK) tumbled around 5.3 percent.
- [By Marc Bastow]
Wellhead compression products manufacturer Compressco Partners (GSJK) raised its quarterly dividend 1.7% to 43.75 cents per share, payable on Feb. 14 to shareholders of record as of Jan. 31.
GSJK Dividend Yield: 7.60%
Hot Income Companies To Invest In Right Now: Fox Chase Bancorp Inc. (FXCB)
Fox Chase Bancorp, Inc. operates as the holding company for Fox Chase Bank that provides financial services to consumers and businesses in Philadelphia and New Jersey. Its deposit products include non-interest-bearing demand accounts, such as checking accounts; interest-bearing accounts, including negotiable order of withdrawal and money market accounts; savings and club accounts; brokered deposits; and certificates of deposit. The company�s loan products portfolio comprises multi-family and commercial real estate loans; one-to four-family residential real estate loans that enable borrowers to purchase or refinance existing homes; commercial and industrial loans offered to professionals, sole proprietorships, and small and mid-size businesses; construction loans comprising adjustable-rate and fixed-rate loans offered to individuals, builders, and developers to finance the construction of residential dwellings, as well as loans offered for commercial development projects, including apartment buildings, restaurants, shopping centers, schools, and other owner-occupied properties used for businesses; and consumer loans, which include home equity loans and lines of credit, loans to individuals to purchase insurance policies, loans secured by certificate of deposits, and unsecured overdraft lines of credit. It also offers cash management services. In addition, the company manages and holds investment securities; and secures, manages, and holds foreclosed real estate. It operates through 11 branches in Philadelphia, Richboro, Willow Grove, Warminster, Lahaska, Hatboro, Media, and West Chester, Pennsylvania; and Ocean City, Marmora, and Egg Harbor Township, New Jersey. The company is headquartered in Hatboro, Pennsylvania.
Advisors' Opinion:- [By Tim Melvin]
To start, Seidman disclosed a position in Fox Chase Bancorp (FXCB), located in Hatboro, Pa. The bank is trading right around book value and has been a holding of mine for some time now. Me. Seidman owns a little over 5% of the bank.
Hot Income Companies To Invest In Right Now: Gazprom OAO (GAZP)
Gazprom OAO is a Russia-based company engaged in the operation of gas pipeline systems and gas supply to European countries. In addition, it is involved in the oil production and refining activities, as well as energy generation. It�� activities comprise exploration and production of gas, transportation of gas, sale of gas domestically and abroad, gas storage, production of crude oil and gas condensate, processing of oil, gas condensate and other hydrocarbons, and sales of refined products, as well as electric and heat energy generation and sales. On January 9, 2013, the Company sold its 76.69% stake in Zapsibgazprom OAO and whole stake in March Kauno termofikacijos elektrine. In April 2013, it also created Gazprom Invest LLC, as well as, signed a purchase-sale contract for shares in 72 gas distribution organizations belonging to Rosneftegaz OAO. In November 2013, the Company raised its stake to 100% in CJSC Gazprom Neft Orenburg. Advisors' Opinion:- [By Ian Sayson]
Russian stocks fell for a third day as crude oil, the nation�� chief export earner, retreated. Mechel fell to the lowest level since Sept. 6, while OAO Gazprom (GAZP), the natural-gas export monopoly, retreated 0.9 percent.
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