After weeks of reports and speculation, Apple Inc. (AAPL) confirmed on Wednesday afternoon that it will be acquiring Beats Music and Beats Electronics.
Beats Music is a music streaming service, and Beat Electronics makes the “Beats by Dre” headphones, speakers, and audio software. The Beats company was co-founded by rapper, DJ, and producer Dr. Dre and music industry mogul Jimmy Iovine, who will both be joining Apple. Apple stated that the purchase price is $3 billion (lower than the rumored price of $3.2 billion), consisting of “$2.6 billion and $400 million that will vest over time.”
Top 5 Freight Stocks To Watch For 2015: PLX Technology Inc.(PLXT)
PLX Technology, Inc. designs, develops, manufactures, and sells semiconductor devices worldwide. It offers semiconductor devices, such as PCI express switches that allow aggregation of multi-channel Ethernet, fiber channel, graphics, and SAS cards to the host; PCI express bridges, which allow devices with other standards to be used in systems that need to interoperate with PCI express; and 10G Ethernet over copper PHY devices that provide a seamless migration from the slower connections to the faster ones. The company?s products also include direct attached storage products, which allow external storage to connect to a PC through USB connection; network attached storage products that provide storage to a local area network; PCI bridges consisting of general purpose bridges that translate and extend the PCI bus; and universal serial bus (USB) interface chips, which are used by computer peripherals and consumer products to interoperate through an external cabled connection. Its semiconductor devices accelerate and manage the transfer of data in microprocessor-based systems, including networking and telecommunications, enterprise storage, servers, personal computers (PCs), PC peripherals, consumer electronics, imaging, and industrial products. The company markets its products through direct and indirect sales force, manufacturers, and distributors to electronics manufacturers. PLX Technology, Inc. was founded in 1986 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Seth Jayson]
PLX Technology (Nasdaq: PLXT ) reported earnings on April 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), PLX Technology met expectations on revenues and beat expectations on earnings per share.
10 Best Net Payout Yield Stocks To Buy Right Now: Markwest Energy Partners LP (MWE)
MarkWest Energy Partners, L.P. (MarkWest Energy) is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering and transportation of crude oil. It provides services in the midstream sector of the natural gas industry. The Company also provides processing and fractionation services to crude oil refineries in the Corpus Christi, Texas area through its Javelina gas processing and fractionation facility. As of December 31, 2011, the Company operated in four segments: Southwest, Northeast, Liberty and Gulf Coast. Effective December 31, 2011, the Company acquired the remaining 49% interest in MarkWest Liberty Midstream. On February 1, 2011, the Company acquired Langley processing plant.
Southwest Segment
The Company owns a system in East Texas that consists of natural gas gathering pipelines, centralized compressor stations, a natural gas processing facility and an NGL pipeline. The East Texas system is located in Panola, Harrison and Rusk Counties and services the Carthage Field. Producing formations in Panola County consist of the Cotton Valley, Pettit, Travis Peak and Haynesville formations. During the year ended December 31, 2011, approximately 77% of its natural gas volumes in the East Texas System result from contracts with six producers. The Company sells substantially all of the purchased and retained NGLs produced at its East Texas processing facility to Targa Resources Partners, L.P. (Targa) under a long-term contract. Such sales represent approximately 19.4% of its consolidated revenue in 2011.
The Company owns a natural gas gathering system in the Woodford Shale play in the Arkoma Basin of southeast Oklahoma. The liquids-rich natural gas gathered in the Woodford system is processed through Centrahoma Processing LLC (Centrahoma), its equity investment, or other third-party processors. In addition, it owns the Foss Lake! natural gas gathering system and the Western Oklahoma natural gas processing complex, all located in Roger Mills, Beckham, Custer and Ellis Counties of western Oklahoma. The gathering portion consists of a pipeline system that is connected to natural gas wells and associated compression facilities. The Company also owns a gathering system in the Granite Wash formation in Wheeler County in the Texas panhandle that is connected to its Western Oklahoma processing complex. The Company completed the expansion of the Western Oklahoma natural gas processing plant in October 2011.
Approximately 70% of its Oklahoma volumes result from contracts with three producers in 2011. The Company sells substantially all of the NGLs produced in the Western Oklahoma processing complex to ONEOK Hydrocarbon L.P. (ONEOK) under a long-term contract. Such sales represent approximately 13.2% of its consolidated revenue in 2011. The Company owns a number of natural gas gathering systems located in Texas, Louisiana, Mississippi and New Mexico, including the Appleby gathering system in Nacogdoches County, Texas. It gathers a portion of the gas produced from fields adjacent to its gathering systems, including from wells targeting the Haynesville Shale. In addition, it owns four lateral pipelines in Texas and New Mexico.
Northeast Segment
The Company�� Northeast segment assets include the Kenova, Boldman, Cobb, Kermit and Langley natural gas processing plants, an NGL pipeline and the Siloam NGL fractionation plant. In addition, it has two caverns for storing propane at its Siloam facility and additional propane storage capacity under a long-term firm-capacity agreement with a third party. The Northeast segment operations include fractionation and marketing services on behalf of the Liberty segment. The Company owns and operates a crude oil pipeline in Michigan (Michigan Crude Pipeline) providing transportation service for three shippers.
Liberty Segment
The Company pr! ovides na! tural gas midstream services in southwestern Pennsylvania and northern West Virginia through MarkWest Liberty Midstream. It is a processor of natural gas in the Marcellus Shale, with gathering, processing, fractionation, storage and marketing operations.
Utica Segment
Effective January 1, 2012, the Company and The Energy and Minerals Group (EMG) formed MarkWest Utica EMG, a joint venture focused on the development of natural gas processing and NGL fractionation, transportation and marketing infrastructure to serve producers' drilling programs in the Utica shale in eastern Ohio. During 2011, the Utica Segment did not have any operations.
Gulf Coast Segment
The Company owns and operates the Javelina processing facility, a natural gas processing facility in Corpus Christi, Texas that treats and processes off-gas from six local refineries operated by three different refinery customers. As of December 31, 2011, the Company owned a 40% interest in Centrahoma Processing LLC (Centrahoma), a joint venture with Cardinal Midstream, LLC (Cardinal). Centrahoma owns certain processing plants in the Arkoma Basin and Cardinal operates an additional processing plant that is not owned by Centrahoma but is located adjacent to and operates in conjunction with the Centrahoma plants.
Advisors' Opinion:- [By Greg Madison]
On the supply side, Gulfport Energy Corp. (Nasdaq: GPOR) has contracted with Dominion Resources Inc. (NYSE: D) subsidiaries Dominion East Ohio and Dominion Transmission to transport the Utica natural gas from the Markwest Energy Partners LP (NYSE: MWE) gas-processing facility in Cadiz, Ohio, out to the wider American Midwest. And, like Chesapeake and American Energy Partners, Gulfport owns land, which it is exploring as well.
Gulfport has some of the most diversified sources in Ohio, with 43% of its land atop dry gas, 27% atop condensates, 22% in the wet gas zone, and just 8% atop oil. Gulfport has started 24 wells in 2013 so far.
10 Best Net Payout Yield Stocks To Buy Right Now: STAG Industrial Inc (STAG)
STAG Industrial, Inc., incorporated on July 21, 2010, is an integrated, full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. As of December 31, 2012, the Company owned 172 properties in 31 states with approximately 29.4 million rentable square feet, consisting of 112 warehouse/distribution properties, 39 light manufacturing properties and 21 flex/office properties. As of December 31, 2012, its properties were 95.1% leased to 156 tenants, with no single tenant accounting for more than 2.7% of its total annualized rent and no single industry accounting for more than 10.7% of its total annualized rent. In January 2014, the Company announced that it has completed the acquisition of six buildings, consisting of two light manufacturing facilities and four warehouse and distribution facilities.
Its ability to re-lease space subject to expiring leases will impact its results of operations and is affected by economic and competitive conditions in its markets and by the desirability of its individual properties. As of December 31, 2012, it had approximately 1.4 million rentable square feet of available space in its properties. For the year ended December 31, 2012, it has achieved an 84% tenant retention rate for those tenants whose leases were scheduled to expire in 2012.Its rental expenses generally consist of utilities, real estate taxes, management fees, insurance and site repair and maintenance costs. For the majority of its tenants, its rental expenses are controlled, in part, by the triple net provisions in tenant leases. In its triple net leases, the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including utilities, taxes, insurance and maintenance costs. Real estate investments are carried at cost less accumulated depreciation and amortization. The cost of real estate includes the purchase price of the property and lease! hold improvements. Total revenue consists primarily of rental income from its properties, lease termination fees, tenant reimbursements for insurance, real estate taxes and certain other expenses, and asset management fees. As of December 31, 2012 and December 31 2011, there were two and three vacant properties, respectively, owned by STAG Investments III, LLC (Fund III) and not contributed to the Company in the Formation Transactions (the Option Properties).
The Company evaluates the carrying value of all tangible and intangible real estate assets held for use for possible impairment when an event or change in circumstance has occurred that indicates their carrying value may not be recoverable. STAG Investments IV, LLC and STAG GI Investments, LLC (which are certain of the Participants and are referred to as part of the STAG Contribution Group), contributed 100% of their real estate entities and operations in exchange for 7,320,610 Common Units. On April 18, 2012, the Company entered into an agreement with affiliates of Columbus Nova Real Estate Acquisition Group, Inc. (Columbus Nova) to source sale leaseback transactions for potential acquisitions by the Company. On June 15, 2012, the Company acquired six industrial properties representing approximately 750,000 square feet in total for an aggregate purchase price of approximately $30.0 million directly from Columbus Nova. At the June 15, 2012 acquisition of these six industrial properties, the Company paid Columbus Nova an acquisition fee in the form of 15,789 Common Units. On December 22, 2011, the Company sold a vacant flex/office property located in Amesbury, MA containing approximately 78,000 net rentable square feet. On April 20, 2012, the Company sold a vacant warehouse and distribution facility located in Youngstown, OH containing 153,708 net rentable square feet. On November 30, 2012, the Company sold the Great Bend, KS building.
Advisors' Opinion:- [By Brad Thomas]
Other REITs mentioned: (O), (NNN), (STAG), (DCT), (EGP), (PDM), (DRE), (LRY)
Source: Chambers Street: More Liquidity Magic On The Way In REIT-DomDisclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)
10 Best Net Payout Yield Stocks To Buy Right Now: Kid Brands Inc (KID)
Kid Brands, Inc., incorporated on June 1966, is a designer, importer, marketer and distributor of branded infant and juvenile consumer products. The Company through its wholly owned operating subsidiaries: Kids Line, LLC (Kids Line); LaJobi, Inc. (LaJobi); Sassy, Inc. (Sassy), and CoCaLo, Inc. (CoCaLo) designs and markets branded infant and juvenile products in a number of categories, including, among others: infant bedding and related nursery accessories and decor, nursery appliances, bath/spa products and diaper bags (Kids Line and CoCaLo); nursery furniture and related products (LaJobi), and developmental toys and feeding, bath and baby care items with features that address the various stages of an infant�� early years, including Kokopax line of baby gear (Sassy). In addition to its branded products, it also markets certain categories of products under various licenses, including Carter��, Disney, Graco and Serta.
The Company�� products are sold primarily to large, national retail accounts and independent retailers (including toy, specialty, food, drug, apparel and other retailers). The Company maintains relationships with international distributors to service certain retail customers in several foreign countries, as well as with several independent representatives to service select domestic and foreign retail customers. The Company�� infant and juvenile product line consists of approximately 7,400 products that principally focus on newborn to three year old children. It also caters to the age range between three through seven, including toddler bedding and beds, as well as kitchen products. Kids Line products, which are marketed primarily under the Kids Line, Carter�� and Disney brands, and CoCaLo products, which are marketed primarily under the CoCaLo Baby, CoCaLo Couture, and CoCaLo Naturals brands, each consist primarily of infant bedding and related nursery accessories and decor, such as blankets, rugs, mobiles, nightlights, hampers, lamps and wall art, as well as nurser! y appliances, diaper bags and spa/bath products. LaJobi products, which are marketed primarily under the Babi Italia, Europa Baby, Bonavita, Graco and Serta brands, consist primarily of cribs, mattresses and other nursery furniture. Sassy products, which are marketed primarily under the Sassy, Carter��, Garanimals and Kokopax brands, consist primarily of developmental toys and feeding, bath and baby care items and baby gear with features that address the various stages of an infant�� early years. The Company has five product categories: Hard Good Basics, Soft Good Basics, Toys and Entertainment, Accessories and Decor, and Other. Hard Good Basics includes cribs and other nursery furniture, feeding, food preparation and kitchen products, baby gear and organizers. Soft Good Basics includes bedding, blankets and mattresses. Toys and Entertainment includes developmental toys, bath toys and mobiles. Accessories and Decor includes hampers, lamps, rugs and decor. Other includes all other products that do not fit in the above four categories.
Advisors' Opinion:- [By Eric Volkman]
Kid Brands (NYSE: KID ) has put a new individual in the CEO chair. The man formerly occupying that position, Guy Paglinco, will depart in order to, as the company put it, "pursue other activities." His replacement is James Christl, who will also serve as senior vice president. The transition is effective immediately, although Paglinco will remain a full-time employee of Kid Brands until July 5. Following that, he will make himself available in an advisory capacity for a further six months.
10 Best Net Payout Yield Stocks To Buy Right Now: Energy and Minerals Australia Ltd (EMA)
Energy & Minerals Australia Limited is an Australia-based uranium exploration and development company. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company continued with exploration and development of its tenement package and progression of development studies on the Mulga Rock project. The Company operates one business segment: exploration. The activities undertaken by the exploration segment includes the exploration on tenements in Western Australia and scoping study activities on the Mulga Rock project. The Mulga Rock project is located about 250 Kilometer northeast of Kalgoorlie. The Mulga Rock Deposits (MRD) comprises four separate deposits being: Ambassador, Emperor ,Shogun and the Princess Deposit, The Company holds over 900 square kilometers of land surrounding the MRD. Narnoo Mining Pty Ltd, a wholly owned subsidiary of the Company , is the registered holder of exploration licenses numbered E39/876 and E39/877. Advisors' Opinion:- [By Tom Aspray, Senior Editor, MoneyShow.com]
To calculate the Mass Index:
Calculate a nine-day exponential moving average (EMA) of the difference between the high and low prices. Calculate a nine-day exponential moving average of the moving average calculated in Step 1. Divide the moving average calculated in Step 1 by the moving average calculated in Step 2. Total the values in Step 3 for the number of periods in the Mass Index (e.g., 25 days).
10 Best Net Payout Yield Stocks To Buy Right Now: Knoll Inc (KNL)
Knoll, Inc., incorporated on December 15, 1995, is a designer and manufacturer of workplace furnishings, textiles and fine leathers. The Company operates in three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of the Company's North American Office products. The Studio segment includes the Company's KnollStudio division, the Company's European subsidiaries, which primarily sell KnollStudio products, and Richard Schultz Design. The KnollStudio portfolio includes a range of lounge seating, side, cafe and dining chairs, barstools, and conference, dining and occasional tables. Richard Schultz Design provides outdoor furniture. The Coverings segment includes KnollTextiles, Spinneybeck (including Filzfelt), and Edelman Leather. In February 2014, Knoll Inc completed the acquisition of Holly Hunt Enterprises, Inc.
Office Segment
The Company�� systems furniture consists principally of functionally integrated panels or table desks, work surfaces, pedestal and other storage units, power and data systems and lighting. The Company's systems furniture product lines include panel and desk-based planning models, which consists of Antenna Workspaces, Reff Profiles, AutoStrada, Dividends Horizon, Morrison, Equity and Currents. The Company�� principal seating product lines include generation by Knoll, ReGeneration by Knoll, LIFE, RPM and Chadwick. Essentials Work Chairs' Pro, Tech, and Sport models offer a range of four task and two side chairs suitable to any office style from the traditional to the progressive. The Company�� files and storage products, featuring the Template, Calibre and Series 2 product lines, are designed with features to maximize storage capabilities throughout the workplace.
The Company�� core files and storage products consist of lateral files, mobile pedestals and other storage units, bookcases and overhead storage ! cabinets.. The Company offers collections of adjustable tables, as well as meeting, conference, training, dining, and cafe tables for large scale projects and standalone desks and table desks. The Company's Interaction and Upstart product lines include adjustable, work, meeting, conference and training tables. These product lines range from independent tables to tables suitable for workstations that support individual preferences for computer and writing heights to plannable desks that can be linked together to build and reshape larger work areas. KnollExtra offers accessories that complement Knoll office furniture products, including technology support accessories, desktop organizational tools, lighting and storage.
Studio Segment
The KnollStudio portfolio includes a range of lounge seating; side, cafe and dining chairs, barstools, and conference, dining and occasional tables. The Company�� studio segment includes the Knoll Europe businesses. Knoll Europe provides products and services primarily to its European clients, whose aesthetics and styles can be different from its North America clients. A majority of Knoll Europe's business is Knoll Studio products, but Knoll Europe also offers a product profile that enables its customers to purchase a complete office environment. In addition, it offers certain products designed specifically for the European market. In Europe, the core product categories include KnollStudio, desk systems, including the Wa desking system, the KnollScope, and the PL1 system, seating, including a range of chairs, and storage units, which are designed to complement Knoll desk products. During 2012, it acquired Richard Schultz Design, Inc., a designer and manufacturer of outdoor furniture for the residential, hospitality, and contract office furniture markets.
Coverings Segment
The Company's Coverings segment consists of KnollTextiles, Spinneybeck Leather (including Filzfelt products), and Edelman Leather. KnollTextiles offers u! pholstery,! panel fabrics, wallcoverings and drapery that harmonize color, pattern and texture and offers products for corporate, hospitality, healthcare and residential interiors. KnollTextiles products are used in the manufacture of Knoll furniture and are sold to clients for use in other manufacturers' products. Spinneybeck Enterprises, Inc., (Spinneybeck), the Company's wholly owned subsidiary, offers leathers and related products, including leather rugs and wall panels. Spinneybeck supplies upholstery leather for use on Knoll furniture and for sale directly to clients, including other office furniture manufacturers, upholsterers, aviation, custom coach and boating manufacturers. Edelman Leather LLC, (Edelman) its wholly owned subsidiary, supplies fine leathers to residential, hospitality, aviation and contract office furniture markets. Edelman, offers a residential showroom network where designers and retail consumers can sample its products.
The Company competes with Herman Miller, Inc., Steelcase, Inc., Haworth, Inc., HNI Corporation and Teknion Corporation.
Advisors' Opinion:- [By John Udovich]
Small cap office furniture stock Steelcase Inc (NYSE: SCS) jumped 11.66% after beating earnings expectations, meaning it might be time to take a closer look at the stock along with potential office or commercial furniture stock peers like�HNI Corp (NYSE: HNI), Knoll Inc (NYSE: KNL) and Virco Mfg. Corporation (NASDAQ: VIRC). After all, the performance of any company selling office or commercial furniture would tend to give some insights into the office or employment markets.
- [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 Knoll (NYSE: KNL ) , whose recent revenue and earnings are plotted below.
10 Best Net Payout Yield Stocks To Buy Right Now: Applied Micro Circuits Corporation(AMCC)
Applied Micro Circuits Corporation, a semiconductor company, together with its subsidiaries, designs, develops, markets, sells, and supports integrated circuits for processing, transporting, and storing information. It offers physical layer products, which transmit and receive signals in a high-speed serial format, and convert high-speed serial formats to low-speed parallel formats and vice versa; framer and mapper products that transmit and receive signals to and from the physical layer in a parallel format are used in high-speed optical network infrastructure equipment; and embedded processor products for wireless infrastructure, wireless LAN, residential, datacenters, and enterprises. The company also offers packet processor ICs, which receive and transmit signals to and from the framing layer and perform the processing of packet and cell headers; and cell switching products that include packet routing switch fabric devices and queuing managers; and printed circuit boar d assemblies to OEMs. Its products are used in wireline and wireless communications equipment, such as wireless access points, wireless base stations, multi-function printers, enterprise and edge switches, blade servers, storage systems, gateways, core switches, routers, network attached storage, and transport platforms. The company offers its solutions for the enterprise, telecom, and consumer/small medium business markets primarily in the United States, Taiwan, Hong Kong, China, Europe, and other Asian countries. Applied Micro Circuits Corporation was founded in 1979 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Monica Gerson]
Applied Micro Circuits (NASDAQ: AMCC) named Douglas T. Ahrens as its Vice President and Chief Financial Officer. Applied Micro shares declined 2.40% to close at $12.63 yesterday.
- [By Lee Jackson]
Applied Micro Circuits Corp. (NASDAQ: AMCC) also has a high single digit exposure to Cisco Systems. Applied Micro�� product portfolio and continued efforts to provide maximum consumer satisfaction have augmented its market position. The integrated offload engines and advanced PacketPro architecture offer quality service and security and performance to its customers. The consensus price target for the stock stands at $13.
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