LONDON -- British American Tobacco� (LSE: BATS ) (NYSE: BTI) -- the world's second-biggest cigarette maker -- is currently up more than 2% following this morning's interim management statement for the first quarter of 2013, in which the company reported revenue growth of 5% (on a constant current basis) despite difficult market conditions.
Some markets saw growth in tobacco volumes: Increases in Bangladesh, Pakistan, and Vietnam helped drive the Asia-Pacific region's volumes up 6.6%. But this was more than offset by much lower volumes in Brazil, and market declines in southern Europe, which contributed to a drop of more than 10% in volumes in the company's Western Europe businesses. Overall, there was a decrease of 3.4% in total tobacco volumes, with those of subsidiaries declining by 3.7%.
Better headline news came from the company's four "Global Drive" brands, which saw a 1% increase in overall volumes, with strong growth in the group's top 40 markets. But the detail was decidedly mixed. While two of the four were up --�Dunhill�volumes increased by 5% and Pall Mall's grew by 9% -- the other two were down --�Kent�was 7% lower, due to market declines in Russia and Japan, and�Lucky Strike�volumes dropped 9%, primarily because of declines in Spain and the Middle East.
Top 5 Sliver Companies To Invest In Right Now: Ossen Innovation Co. Ltd.(OSN)
Ossen Innovation Co. Ltd. engages in the design, engineering, manufacture, and sale of plain surface prestressed, rare earth coated, and zinc coated prestressed steel materials in the People?s Republic of China. The company primarily offers plain surface, indented, and helical rib PC wires, as well as rare earth coated PC strands. Its materials are used in the construction of railways, highways, bridges, buildings, and other infrastructure projects. The company markets its products under the Ossen brand name. It also exports its products to the United States, Canada, Spain, South Korea, Taiwan, Australia, and Saudi Arabia. The company is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Monica Gerson]
Ossen Innovation Co (NASDAQ: OSN) is projected to post its Q1 earnings.
AZZ (NYSE: AZZ) is expected to report its Q1 earnings at $0.54 per share on revenue of $191.37 million.
Top Managed Healthcare Companies For 2014: Hancock Holding Company(HBHC)
Hancock Holding Company, a financial holding company, provides various banking and financial services in south Mississippi, Louisiana, South Alabama, and Florida. The company accepts various deposit products that include non-interest bearing demand deposits, NOW account deposits, money market deposits, savings deposits, and time deposits. Its loan portfolio comprises provision of commercial, consumer, commercial leasing, and real estate loans to consumers and small and middle market businesses. Hancock also offers various trust services that include operating as an executor, administrator, or guardian in administering estates; provision of investment custodial services for individuals, businesses, and charitable and religious organizations, as well as investment management services on an agency basis; and trustee services for pension plans, profit sharing plans, corporate and municipal bond issues, living trusts, life insurance trusts, and various other types of trusts cre ated for individuals, businesses, and charitable and religious organizations. In addition, it provides consumer financing services; owns, manages, and maintains real property; offers general insurance agency services; holds investment securities; markets credit life insurance; and engages in discount investment brokerage services, as well as owns approximately 3,700 acres of timber land in Hancock County, Mississippi. The company operates 182 banking and financial services offices and 161 automated teller machines. Hancock Holding Company was founded in 1899 and is headquartered in Gulfport, Mississippi.
Advisors' Opinion:- [By Dividends4Life]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description:
1. Avg. High Yield Price
2. 20-Year DCF Price
3. Avg. P/E Price
4. Graham Number
CTBI is trading at a premium to all four valuations above. The stock is trading at a 53.5% premium to its calculated fair value of $29.43. CTBI did not earn any Stars in this section.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
1. Free Cash Flow Payout
2. Debt To Total Capital
3. Key Metrics
4. Dividend Growth Rate
5. Years of Div. Growth
6. Rolling 4-yr Div. > 15%
CTBI earned one Star in this section for 1.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. The company has paid a cash dividend to shareholders every year since 1988 and has increased its dividend payments for 33 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
1. NPV MMA Diff.
2. Years to > MMA
The negative NPV MMA Diff. means that on a NPV basis the dividend earnings from an investment in CTBI would be less than a similar amount invested in MMA earning a 20-year average rate of 3.41%. If CTBI grows its dividend at 1.5% per year, it will never equal a MMA yielding an estimated 20-year average rate of 3.41%.
Memberships and Peers: CTBI is, a member of the Broad Dividend Achieve - [By Eric Volkman]
Hancock Holding (NASDAQ: HBHC ) is resolutely sticking to its longtime dividend policy. Matching the same common stock payout it's distributed since September 2006, the financial services concern has declared a distribution of $0.24 per share. This is to be paid on September 16 to shareholders of record as of September 5.
Top Managed Healthcare Companies For 2014: Raven Industries Inc.(RAVN)
Raven Industries, Inc., together with its subsidiaries, manufactures various products for industrial, agricultural, energy, construction, and military/aerospace markets primarily in North America. It operates in four segments: Applied Technology, Engineered Films, Aerostar, and Electronic Systems. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools enabling growers to enhance farm yields. Its products include field computers, application controls, GPS-guidance and assisted-steering systems, automatic boom controls, and yield monitoring planter controls, as well as an integrated real time kinematic and information platform called Slingshot. This segment sells its products to original equipment manufacturers, as well as through after market distributors. The Engineered Films segment produces rugged reinforced plastic sheeting for industrial, construction, geomembrane, and agricultural appli cations. It sells plastic sheeting to independent third-party distributors through its sales force. The Aerostar segment sells high-altitude research balloons and tethered aerostats for government and commercial research. It produces military parachutes, uniforms, and protective wear for the U.S. government agencies as a subcontractor; and other sewn and sealed products on a contract basis. The Electronic Systems segment provides electronics manufacturing services for commercial customers. It manufactures assemblies, including avionics, communication, environmental controls, and other products. The company was founded in 1956 and is headquartered in Sioux Falls, South Dakota.
Advisors' Opinion:- [By Dividends4Life]
Memberships and Peers: MMM is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers��Index and a Dividend Champion. The company's peer group includes: General Electric Co. (GE) with a 3.1% yield, Raven Industries Inc. (RAVN) with a 1.6% yield and Carlisle Companies Inc. (CSL) with a 1.2% yield.
Top Managed Healthcare Companies For 2014: Permian Basin Royalty Trust (PBT)
Permian Basin Royalty Trust (the Trust), incorporated in 1980, is an express trust. The Trust's principal assets are net overriding royalties conveyed to the Trust, including a 75% net overriding royalty carved out of Southland Royalty�� fee mineral interests in the Waddell Ranch in Crane County, Texas (the Waddell Ranch properties), and a 95% net overriding royalty carved out of Southland Royalty�� major producing royalty interests in Texas (the Texas Royalty properties). Bank of America, N.A. is the Trustee for the Trust.
Waddell Ranch Properties
The mineral interests in the Waddell Ranch, from which such net royalty interests are carved, vary from 37.5% (Trust net interest) to 50% (Trust net interest) in 78,715 gross (34,205 net) producing acres. A majority of the proved reserves are attributable to six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. At December 31, 2012, the Waddell Ranch properties contained 889 gross (400 net) productive oil wells, 64 gross (30 net) productive gas wells and 177 gross (506 net) injection wells.
Burlington Oil & Gas Company LP (BROG) is the operator of the Waddell Ranch properties. As of December 31, 2012, six major fields on the Waddell Ranch properties account for more than 80% of the total production. In the six fields, there are 12 producing zones ranging in depth from 2,800 to 10,600 feet. Most prolific of these zones are the Grayburg and San Andres, which produce from depths between 2,800 and 3,400 feet. Also productive from the San Andres are the Sand Hills (Judkins) gas field and the Sand Hills (McKnight) oil field, the Dune (Grayburg/San Andres) oil field, and the Waddell (Grayburg/San Andres) oil field.
The Dune and Waddell oil fields are productive from both the Grayburg and San Andres formations. The Sand Hills (Tubb) oil fields produce from the Tubb formation at depths averaging 4,300 feet, and the University Waddell (Devo! nian) oil field is productive from the Devonian formation between 8,400 and 9,200 feet. The Waddell Ranch properties are producing properties, and all of the major oil fields are being waterflooded for the purpose of facilitating enhanced recovery. As of December 31, 2012, there were no drill wells and 13 workovers in progress on the Waddell Ranch properties.
Texas Royalty Properties
The Texas Royalty properties consist of royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others located in 33 counties across Texas. The Texas Royalty properties consist of approximately 125 separate royalty interests containing approximately 303,000 gross (approximately 51,000 net) producing acres.
Advisors' Opinion:- [By Lawrence Meyers]
Permian Basin Royalty Trust (PBT) is a royalty trust, meaning it pools together royalty rights for various energy-producing properties. �I prefer trusts that are widely diversified.� In this case, Permian holds a 75% net overriding royalty interest in six properties in Crane County, Texas; and a 95% net overriding royalty interest in fields spread across 33 other counties in Texas.� In total, we��e talking 400 oil wells, 30 gas wells, and 500 injection wells. �That�� plenty diversified.� Yeehaw for its 8.3% yield!
- [By Rick Munarriz]
Permian Basin Royalty Trust (NYSE: PBT ) is also flowing more freely with its distributions. The trust's new rate of $0.088488 per unit may seem to be a numerical stretch, but it's a healthy 45% pop from its prior monthly payout. Increased oil production and higher oil prices helped the company generate more money that it passes on to its investors.
Top Managed Healthcare Companies For 2014: Credit Suisse Group AG (CSGN.VX)
Credit Suisse Group AG is a Switzerland-based holding company engaged in private banking, investment banking and asset management areas. It operates through four divisions: Private Banking, which consists of the Wealth Management Clients and Corporate & Institutional Clients business; Investment Banking, provides a range of financial products and services, with a focus on client-driven, flow-based and capital-efficient businesses; Asset Management, offers a range of asset class products, including alternative investments, and multi-asset class solutions, including equities and fixed income products, and Shared Services, which provides centralized corporate services and business support for the Company's divisions. Advisors' Opinion:- [By Steven Russolillo]
Credit Suisse CEO Nearly Lost Job During Tax Probe: “As a yearslong U.S. tax probe dragged on in recent months, board members at Credit Suisse(CSGN.VX) mulled actions that likely would have cost CEO Brady Dougan his job.”
- [By Steven Russolillo]
Under February’s partnership, Coke acquired a 10% stake in Keurig for $1.25 billion and the option to increase its stake to as much as 16% through open-market purchases of Keurig’s common stock within 36 months. In a statement Tuesday, Coke said it had entered an accelerated purchase agreement with Credit Suisse(CSGN.VX) to acquire shares to reach that level.
- [By Steven Russolillo]
NY Fed to Allow Credit Suisse(CSGN.VX) to Remain a Primary Dealer: “Credit Suisse Group AG’s ability to serve as a counterparty to the Federal Reserve Bank of New York hasn’t been affected by the bank’s criminal tax-evasion settlement.”
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