It's been bad year to be a highly paid CEO of an underperforming energy company. This past January we found out that Chesapeake Energy (NYSE: CHK ) co-founder Aubrey McClendon was "retiring" after philosophical differences with his board. Now, SandRidge Energy (NYSE: SD ) CEO Tom Ward, also a co-founder of Chesapeake Energy, is being sent packing.
Unfortunately, for Ward, there won't be any cake served at a retirement party, for he's being let go effective immediately. It could have been worse: The company, which had hired an independent investigation firm to look into allegations of improper related-party transactions, determined that Ward's actions didn't merit him being terminated with cause. Despite that finding, this isn't the most graceful exit for the company's founder.
With cake and cookies not being an option, Ward will have to make due with his severance package. Under the terms of his employment agreement more than 6.3 million shares of previously granted restricted stock will vest, in addition to which he'll receive a lump sum payment of $53.5 million, which consists of things like unpaid vacation and bonuses. Finally, Ward will continue to receive his base salary for the next three years. When you add it all up, Ward's package is worth about $90 million, which is one of the highest exit packages the energy industry has seen, and much higher than what McClendon received from Chesapeake. While this might seem like a lot -- for those scoring at home that equates to the cost of about 30 Mississippian wells -- this is simply the cost of beginning a new chapter in the company's history.�
Best Bank Companies To Watch In Right Now: G-III Apparel Group Ltd (GIII)
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women�� suits and women�� performance wear, as well as luggage and women�� handbags, small leather goods and cold weather accessories. It operates in three segments: wholesale licensed products, wholesale non-licensed products and retail operations. The wholesale licensed products segment includes sales of products under brands licensed by it from third parties. The wholesale non-licensed products segment includes sales of products under its own brands and private label brands. The retail operations segment consists almost entirely of the operations of its Wilsons outlet stores. The Company sells its products under its own brands, which include Andrew Marc, Marc New York and Marc Moto, licensed brands and private retail labels. In August 2012, the Company acquired Vilebrequin, a provider of swimwear, accessories and resort-wear. Effective November 4, 2013, G-III Apparel Group Ltd acquired GH Bass & Co.
The Company provides apparel under recognized brands to a cross section of retailers, such as Macy��, Bloomingdale��, Nordstrom, Lord & Taylor, The Bon-Ton Stores, Dillards, JC Penney, Belk and Kohl��. As of January 31, 2012, the Company operated 139 retail stores, of which 135 are outlet stores operated under the Wilsons Leather name and four are outlet stores operated under its Andrew Marc brand. It has licenses to produce branded fashion apparel under the Calvin Klein, Kenneth Cole, Cole Haan, Guess?, Tommy Hilfiger, Levi��, Dockers, Jessica Simpson, Ellen Tracy, Kensie, Mac & Jac, Jones New York, Sean John and Nine West brands, among others. It also has sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and over 100 United States colleges and universities. G-III sells outerwear, dresses and handbags under the Company�� own Andrew Marc, Marc ! New York and Marc Moto brands and has licensed these brands to select third parties in certain product categories. Its other owned brands include, among others, Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl Banks and Winlit.
The Company works with a group of retailers, such as JC Penney, Kohl�� and Express in developing private label product lines. G-III�� products are sold primarily to department, specialty and mass merchant retail stores in the United States. It sells to approximately 2,400 customers, ranging from national and regional chains to small specialty stores. It also distributes its products through its retail outlet stores. It also markets its products in Canada, Europe and the Far East.
G-III�� branded apparel also consists of both women�� and men�� products. The Andrew Marc line of women�� and men�� luxury apparel is sold to upscale department and specialty retail stores. The Marc New York line of women�� and men�� better priced outerwear is sold to upper tier stores. The Marc Moto line is a men�� denim lifestyle collection of sportswear and accessories. The Jessica Howard label is a moderate price dress line that sells to department stores, specialty stores and catalogs. Eliza J is a better dress line that sells to better department and specialty stores. The Black Rivet line of apparel consists of women�� and men�� outerwear. It sells men�� sports-related apparel under its G-III Sports by Carl Banks label.
Advisors' Opinion:- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
G-III Apparel Group Ltd.(GIII) said its fiscal first-quarter earnings increased 15% as the company reported a notable jump in sales. The licensed apparel maker’s results outpaced its own expectations, and it provided a rosier outlook for the current quarter compared with analysts’ estimates while also boosting its view for the year. Shares rose 5.1% to $79.77 premarket.
- [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 G-III Apparel Group (Nasdaq: GIII ) , whose recent revenue and earnings are plotted below. - [By Louis Navellier]
G-III Apparel LTD (GIII) makes and sells women�� and men�� apparel in the United States. The company offers products under several brand names including Andrew Marc, Jessica Howard, G-III, and Siena Studio. It also has 139 retail stores comprising 135 outlet stores under the Wilsons Leather name and four outlet stores under the Andrew Marc brand.
- [By Jake L'Ecuyer]
Shares of G-III Apparel Group (NASDAQ: GIII) got a boost, shooting up 10.65 percent to $64.50 after the company reported upbeat Q3 results and raised its FY14 forecast.
Top Gas Utility Companies For 2014: AAR Corp.(AIR)
AAR CORP. provides products and services to aviation, government, and defense markets worldwide. The company?s Aviation Supply Chain segment purchases and sells new, overhauled, and repaired engine and airframe parts and components. It also repairs, overhauls, and sells avionics, electrical, electronic, fuel, hydraulic, and pneumatic components and instruments, as well as internal airframe components; and provides customized inventory supply and management programs for engine and airframe parts and components. In addition, this segment sells and leases commercial jet engines and used commercial aircraft; and provides advisory services, including assistance in remarketing aircraft, records management, and storage maintenance. Its Government and Defense Services segment involves in fixed- and rotary-wing flight operations; and performs engineering and design modifications on rotary-wing aircraft for government customers. This segment also provides customized performance-base d logistics programs in support of the U.S. Department of Defense and foreign governments; and engineering, design, manufacturing, and system integration services. The company?s Maintenance, Repair, and Overhaul segment provides airframe maintenance inspection and overhaul, painting, line maintenance, airframe modifications, structural repairs, avionic service and installation, exterior and interior refurbishment, and engineering services, as well as support for commercial and military aircraft; and repairs and overhauls landing gears, wheels, and brakes. Its Structures and Systems segment designs, manufactures, and repairs airdrop and other transportation pallets, and containers and shelters used in support of military and humanitarian tactical deployment activities. This segment also designs, manufactures, and installs in-plane cargo loading and handling systems for commercial and military aircraft and helicopters. AAR CORP. was founded in 1951 and is headquartered in Wood Dale, Illinois.
Advisors' Opinion:- [By Rich Smith]
By far the largest contract of the day was a massive $5.3 billion indefinite-delivery/indefinite-quantity, multiple-award contract issued to a mind-boggling 914 separate recipients simultaneously. Winners included everyone from subsidiaries of brand-name defense contractors such as AAR Corp (NYSE: AIR ) and SAIC (NYSE: SAI ) to lesser-known, federally defined small businesses such as "Wakelight Technologies" of Honolulu and "Electromagnetic Compatibility Management Concepts" of Sterling, Va.
- [By Jake L'Ecuyer]
AAR (NYSE: AIR) shares tumbled 9.01 percent to $28.14 after the company reported a drop in its Q3 profit and lowered its FY14 forecast.
Nike (NYSE: NKE) was down, falling 3.33 percent to $76.63 after the company issued a cautious forecast for 2015 earnings. Nike posted its quarterly adjusted profit of $0.73 per share on revenue of $6.97 billion.
Top Gas Utility Companies For 2014: Global Indemnity plc (GBLI)
Global Indemnity plc, through its subsidiaries, operates as a specialty property and casualty insurer. The company provides property and casualty insurance products in the excess and surplus lines marketplace to customers in the United States, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. It offers property and general liability products for small commercial businesses through a network of wholesale general agents; property, general liability, and professional lines products through program administrators; and property, casualty, and professional lines products through wholesale brokers. The company also provides reinsurance solutions to excess and surplus lines carriers, specialty property and casualty insurance companies, and regional insurance writers. It offers reinsurance solutions worldwide through brokers; primary writers, including regional insurance companies; and program managers. Global Indemnity plc is based in Dublin, Ireland.
Advisors' Opinion:- [By Damian Illia]
As we can see, the firm ratio is higher than the ones shown by Alleghany, Fidelity, Federated National Holding Co. (FNHC) and Global Indemnity Plc (GBLI).
Top Gas Utility Companies For 2014: Royal Dutch Shell PLC (RDS.B)
Royal Dutch Shell plc (Shell), incorporated on February 5, 2002, is an independent oil and gas company. The Company owns, directly or indirectly, investments in the numerous companies constituting Shell. Shell is engaged worldwide in the principal aspects of the oil and gas industry and also has interests in chemicals and other energy-related businesses. The Company operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas; the liquefaction and transportation of gas; the extraction of bitumen from oil sands that is converted into synthetic crude oil, and wind energy. Downstream is engaged in manufacturing; distribution and marketing activities for oil products and chemicals, in alternative energy (excluding wind), and carbon dioxide (CO2) management. Corporate represents the key support functions, comprising holdings and treasury, headquarters, central functions and Shell�� self-insurance activities. In October 2011, the Company bought a marine terminal on Canada's Pacific Coast as a possible site for a liquefied natural gas export terminal. In January 2012, the Company's 50% owned, Australia Arrow Energy Holdings Pty Ltd acquired all of the shares in Bow Energy Ltd. In January 2014, Royal Dutch Shell plc completed the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America.
Upstream International manages the Upstream businesses outside the Americas. It searches for and recovers crude oil and natural gas, liquefies and transports gas, and operates the upstream and midstream infrastructure necessary to deliver oil and gas to market. Upstream International also manages Shell�� entire liquefied petroleum gas (LNG) business, gas to liquids (GTL) and the wind business in Europe. Its activities are organized primarily within geographical units, although there are some activities that are mana! ged across the businesses or provided through support units.
Upstream Americas manages the Upstream businesses in North and South America. It searches for and recovers crude oil and natural gas, transports gas and operates the upstream and midstream infrastructure necessary to deliver oil and gas to market. Upstream Americas also extracts bitumen from oil sands that is converted into synthetic crude oil. Additionally, it manages the United States-based wind business. It comprises operations organized into business-wide managed activities and supporting activities.
Downstream manages Shell�� manufacturing, distribution and marketing activities for oil products and chemicals. These activities are organized into globally managed classes of business, although some are managed regionally or provided through support units. Manufacturing and supply includes refining, supply and shipping of crude oil. Marketing sells a range of products including fuels, lubricants, bitumen and liquefied petroleum gas (LPG) for home, transport and industrial use. Chemicals produces and markets petrochemicals for industrial customers, including the raw materials for plastics, coatings and detergents. Downstream also trades Shell�� flow of hydrocarbons and other energy-related products, supplies the Downstream businesses, markets gas and power and provides shipping services. Downstream additionally oversees Shell�� interests in alternative energy (including biofuels, and excluding wind) and CO2 management.
Projects and Technology manages the delivery of Shell�� major projects and drives the research and innovation to create technology solutions. It provides technical services and technology capability covering both Upstream and Downstream activities. It is also responsible for providing functional leadership across Shell in the areas of health, safety and environment, and contracting and procurement.
Advisors' Opinion:- [By Sara Sjolin]
Oil firms were rising, tracking oil prices higher. Shares of BG Group PLC (UK:BG) �picked up 0.8%, BP PLC (UK:BP) � (BP) �added 0.6% and Royal Dutch Shell PLC (UK:RDSB) � (RDS.B) �inched 0.1% higher.
- [By Sara Sjolin]
On Monday, energy firms also showed positive moves, with shares of BG Group PLC (UK:BG) �1.2% higher and Royal Dutch Shell PLC (UK:RDSB) � (RDS.B) rising 0.8%. Oil prices, however, moved slightly lower, but held above the $101-a-barrel level.
- [By Cash Flow Investor]
Using this alternative payout ratio has saved me from a few situations in which the traditional payout ratio indicated that the dividend was covered - only for the company to later declare a dividend freeze or cut when the free cash flow ran out. One specific example is Royal Dutch Shell (RDS.B), the global oil behemoth.
- [By Sara Sjolin]
In the energy sector, shares of BP PLC (UK:BP) � (BP) �fell 0.7% and Royal Dutch Shell PLC (UK:RDSB) � (RDS.B) �dropped 0.6%.
Top Gas Utility Companies For 2014: Hemispherx Biopharma Inc (HEB)
Hemispherx Biopharma, Inc. (Hemispherx) is a specialty pharmaceutical company engaged in the clinical development of new drugs therapies based on natural immune system enhancing technologies for the treatment of viral and immune based chronic disorders. Hemispherx focuses on two core pharmaceutical technology platforms Ampligen and Alferon N Injection.The commercial focus for Ampligen includes application as a treatment for Chronic Fatigue Syndrome (CFS) and as an influenza vaccine enhancer (adjuvant) for both therapeutic and preventative vaccine development. Alferon N Injection is a United States Food and Drug Administration (FDA) approved product with an indication for refractory or recurring genital warts. Alferon LDO (Low Dose Oral) is a formulation under development targeting influenza. It has three subsidiaries BioPro Corp., BioAegean Corp., and Core BioTech Corp. The Company's foreign subsidiary is Hemispherx Biopharma Europe N.V./S.A.
Ampligen
Ampligen is an experimental drug, which is undergoing clinical development for the treatment of Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS). Over 1,000 patients have participated in the Ampligen clinical trials representing the administration of more than 90,000 doses of this drug. The Company is also engaged in ongoing, experimental studies assessing the efficacy of Ampligen against influenza viruses.
Alferon N Injection
Alferon N Injection is the registered trademark for the Company's injectable formulation of natural alpha interferon. Interferons are a group of proteins produced and secreted by cells to combat diseases. The Company's natural alpha interferon is produced from human white blood cells. Alferon N Injection [Interferon alfa-n3 (human leukocyte derived)] is a highly purified, natural-source, glycosylated, multi-species alpha interferon product.
Alferon LDO (Low Dose Oral)
Alferon LDO [Low Dose Oral Interferon Alfa-n3 (Human Leukocyte Derived)]! is an experimental low-dose, oral liquid formulation of Natural Alpha Interferon and like Alferon N Injection should not cause antibody formation, which is a problem with recombinant interferon. It is an experimental immunotherapeutic that works by stimulating an immune cascade response in the cells of the mouth and throat, enabling it to bolster systemic immune response through the entire body by absorption through the oral mucosa.
The Company competes with Pfizer, GlaxoSmithKline, Merck, AstraZeneca, Baxter International, Fletcher/CSI, AVANT Immunotherapeutics, AVI BioPharma and Genta.
Advisors' Opinion:- [By Matt Egan]
Shares of Hemispherx Biopharma (HEB) soared 11% on Wednesday amid the rising Ebola fears. Earlier this week, the company announced a series of research collaborations aimed at developing treatments to fight Ebola.
- [By MONEYMORNING]
Hemispherix Biopharma Inc. (NYSE: HEB) is a specialty pharmaceutical company. It engages in the clinical development of new drug therapies based on natural immune system enhancing technologies and targets the treatment of viral and immune-based clinical disorders. The Philadelphia, Pa.-headquartered company gained widespread attention over the last several months for its work on flu research. Its flagship products include Alferon N Injection, approved by the FDA for a category of sexually transmitted disease infection. Experimental treatments include Ampligen and Oragens, in development stages for the potential treatment of global viral diseases and disorders of the immune system including human papilloma virus, human immunodeficiency virus, chronic fatigue syndrome, hepatitis, and influenza. Shares have traded as low as $0.18 and as high as $0.55 over the last year. At last check, shares were changing hands around $0.50 on volume of 2 million shares.
Top Gas Utility Companies For 2014: Maxwell Technologies Inc.(MXWL)
Maxwell Technologies, Inc., together with its subsidiaries, develops, manufactures, and markets energy storage and power delivery products, and microelectronic products worldwide. The company offers Ultracapacitors that are energy storage devices to provide energy storage and power delivery solutions for applications in transportation, automotive, information technology, renewable energy, and industrial electronics industries; and CONDIS high-voltage capacitors comprising grading and coupling capacitors, and capacitive voltage dividers used to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution, and measurement of high-voltage electrical energy. It also provides radiation-hardened microelectronic products, including single board computers and components, such as high-density memory and power modules for satellites and spacecraft applications. The company markets and sells its products through direct and indirect sales for integration by original equipment manufacturers into a range of end products. The company was formerly known as Maxwell Laboratories, Inc. and changed its name to Maxwell Technologies, Inc. in 1996. Maxwell Technologies was founded in 1965 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Roberto Pedone]
Maxwell Technologies (MXWL) develops, manufactures and markets energy storage and power delivery products for transportation, industrial telecommunications and other applications and microelectronic products for space and satellite applications. This stock closed up 3.7% to $9.50 in Tuesday's trading session.
Tuesday's Range: $9.07-$9.54
52-Week Range: $4.90-$11.08
Tuesday's Volume: 369,000
Three-Month Average Volume: 360,477From a technical perspective, MXWL spiked notably higher here right above some near-term support at $9 with above-average volume. This stock has been consolidating and trending sideways for the last two months, with shares moving between $8.61 on the downside and $10.39 on the upside. Shares of MXWL are now quickly moving within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if MXWL manages to take out Tuesday' high of $9.54 and then once it clears more near-term overhead resistance at $10.39 with high volume.
Traders should now look for long-biased trades in MXWL as long as it's trending above its 50-day at $8.81 and then once it sustains a move or close above those breakout levels with volume that's near or above 360,477 shares. If that breakout hits soon, then MXWL will set up to re-test or possibly take out its 52-week high at $11.08. Any high-volume move above that level will then give MXWL a chance to tag $12.
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Friday, industrials shares were relative leaders, up on the day by about 0.71 percent. Leading the sector was strength from Maxwell Technologies (NASDAQ: MXWL) and The Standard Register Company (NYSE: SR). - [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Tuesday, industrials shares were relative leaders, up on the day by about 1.78 percent. Top gainers in the sector included Plug Power (NASDAQ: PLUG) and Maxwell Technologies (NASDAQ: MXWL).
Top Gas Utility Companies For 2014: ENI S.p.A. (E)
Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. The company also involves in the production and sale of electricity; refining and marketing of petroleum products; and production and sale of petrochemical products and hydrocarbons. In addition, it engages in the offshore and onshore hydrocarbon field construction. Further, the company offers offshore and onshore drilling, and offshore design and engineering services for oil and gas companies. It has a strategic partnership with Gazprom for the joint development of projects in the upstream oil and gas markets. Eni SpA operates in Europe, Africa, Asia and Oceania, and the Americas. The company was founded in 1953 and is headquartered in Rome, Italy with an additional office in San Donato Milanese, Italy.
Advisors' Opinion:- [By Sarfaraz A. Khan]
Second, most of the unexplored and lucrative areas lie in the Middle East and Africa, a region which is known for its unstable business environment. For instance, Mozambique is home to enormous gas reserves and has been going on a path to prosperity over the last eight years, which is evident in its 7% GDP growth rates. Leading oil companies, such as Eni SpA (E) and Anadarko Petroleum (APC) have billions at stake in the country. However, the sudden termination of a peace deal by a rebel group recently has raised question marks over the country�� ability to attract investment.
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