This company's announcement earlier this week was leaps and bounds above all the Wall Street expectations, writes MoneyShow's Jim Jubak, also of Jubak's Picks.
The stock market liked what it heard Wednesday, August 7, from Thompson Creek Metals (TC) after the close in New York. Second quarter adjusted net earnings of 8 cents a share crushed the Wall Street consensus of a penny a share. Revenue climbed 3.8% to $117.8 million versus expectations for revenue of just $1.3.8 million. The company also said that its new Mt. Milligan mine is on schedule with a start-up for the concentrator expected this month, with first ore-feed by mid-August. The company said it expects commercial production to begin in the fourth quarter of 2013, with production ramping to full capacity over the next twelve months.
All this is certainly good news for a miner that looked like it might run out of cash before it got the Mt. Milligan mine into production. The shares were up 13.6% yesterday on the news, as of 3:00 pm New York time. Thompson Creek Metals is a member of my long-term Jubak Picks 50 portfolio.
Top Consumer Service Stocks To Watch For 2015: Kohlberg Capital Corporation(KCAP)
Kohlberg Capital Corporation is a private equity and venture capital firm specializing in buyouts and mezzanine investments. It focuses on mature and middle market companies. The firm structures its investments through senior debt, second lien debt, secured and unsecured subordinated debt, mezzanine debt, and equity. It invests in all sectors except cyclical industries. The firm invests equity in both minority and control transactions alongside other equity investors. It invests through its own balance sheet. Kohlberg Capital Corporation is based in the New York, New York.
Advisors' Opinion:- [By Monica Gerson]
KCAP Financial (NASDAQ: KCAP) is projected to report its Q4 earnings at $0.25 per share on revenue of $13.27 million.
Home Inns & Hotels Management (NASDAQ: HMIN) is estimated to post its Q4 earnings at $2.18 per share on revenue of $1.54 billion.
Top Penny Stocks To Own For 2014: QC Holdings Inc.(QCCO)
QC Holdings, Inc. provides various retail consumer financial products and services in the United States. The company offers payday loans that provide cash to the customers in exchange for a promissory note with a maturity of two to three weeks. It also provides financial products and services, such as installment loans, credit services, check cashing services, title loans, money transfers, and money orders. In addition, QC Holdings operates as a credit services organization that arranges a third-party lender to make a loan to the consumer and for providing related services to the consumer, including a guarantee of the consumer?s obligation to the third-party lender. Further, the company sells used vehicles and earns finance charges from the related vehicle financing contracts; and provides reconditioning services on its inventory of vehicles, and repair services for its customers. As of As of December 31, 2010, the company operated 523 short-term lending branches in 24 sta tes; and 5 buy here, pay here lots located in Missouri and Kansas. QC Holdings, Inc. was founded in 1984 and is headquartered in Overland Park, Kansas.
Advisors' Opinion:- [By Lisa Levin]
QC Holdings (NASDAQ: QCCO) shares tumbled 3.68% to reach a new 52-week low of $1.83. QC Holdings shares have dropped 42.60% over the past 52 weeks, while the S&P 500 index has gained 31.67% in the same period.
- [By Monica Gerson]
QC Holdings (NASDAQ: QCCO) shares tumbled 2.58% to reach a new 52-week low of $2.27. QC Holdings' trailing-twelve-month profit margin is 0.60%.
NewLead Holdings (NASDAQ: NEWL) shares dipped 6.56% to touch a new 52-week low of $0.08 after the company completed the acquisition of titles in the Viking Mine located in Kentucky, USA.
Top Penny Stocks To Own For 2014: ENSCO plc(ESV)
Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 15, 2010, it owned and operated 42 jackup rigs, 4 ultra-deepwater semisubmersible rigs, and 1 barge rig. The company also has 4 ultra-deepwater semisubmersible rigs under construction. It operates in Asia, the Middle East, Australia, New Zealand, Europe, Africa, and North and South America. The company was formerly known as Ensco International plc and changed its name to Ensco plc in March 2010. Ensco plc was founded in 1975 and is based in London, the United Kingdom.
Advisors' Opinion:- [By Ben Levisohn]
Offshore drillers like Ensco (ESV), Seadrill (SDRL) and Rowan (RDC) are sinking today, but shares of Transocean (RIG) have managed to stay afloat.
AFPTransocean has gained 0.9% to $41.85 at 1:22 p.m. today, even as Ensco has fallen 1.3% to $50.89, Seadrill has plunged 3.1% to $34.87 and Rowan has dipped 0.8% to $30.89.
Transocean’s gain comes a day after the offshore driller fell 4.3% following its better-than-expected earnings release. Howard Weil’s Dave Wilson explains why Transocean fell yesterday:
As we expected, the quarterly performance was discounted heavily as the outlook really did not change.� Even the achievement on the revenue efficiency front, hitting the highest level since early 2008, which we thought was great, did not carry much weight with investors.� At the end of the day, the Company still has roughly 20 floaters that are set to roll off contract in both 2014 and 2015 (��0 per year), which in this environment will leave investors cautious on the name.
The focus now is on Transocean’s ability to offload some of its rigs, explains Cowen’s J.B. Lowe:
Transocean’s next step in the company’s multi-stage process of divesting non-core assets and high-grading the company’s fleet is the creation of Caledonia Offshore. Transocean announced Monday that it will create its new entity with the purpose of divesting its North Sea semisubmersile rigs. The Sedco 704, Sedco 711, Sedco 712, Sedco 714, Transocean John Shaw, Transocean Prospect, GSF Artic III and the J.W. McLean which combined have an average age of over 30 years old (from build not upgrade) will all be part of the new entity. On the company’s 1Q14 earnings conference call, Transocean set the time line for the creation of Caledonia Offshore for 2H14 but said that the company would decide at a later point whether it would look to sell the company to a direct public or private buyer, spin the company or IPO.<
- [By Ben Levisohn]
The past six months have been unkind to offshore drillers like Noble (NE), Ensco (ESV), Rowan (RDC) and Transocean (RIG). That doesn’t mean it’s time to buy, however.
- [By Tyler Crowe]
In the rig industry, Ensco (NYSE: ESV ) has been trying very hard to do its best impersonation of the top ultra-deepwater driller,�Seadrill (NYSE: SDRL ) . It has a young fleet of vessels that can be used in the most extreme water depths today, and it is garnering top dollar for these assets. Still, there are still a few things setting Seadrill apart from Ensco among our favorite energy stocks in 2013.�
Top Penny Stocks To Own For 2014: Universal Corporation(UVV)
Universal Corporation, together with its subsidiaries, operates as a leaf tobacco merchant and processor worldwide. It engages in selecting, procuring, buying, processing, packing, storing, supplying, shipping, and financing leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. The company processes and/or sells flue-cured and burley tobaccos, dark air-cured tobaccos, and oriental tobaccos; and provides value-added services, including blending, chemical and physical testing of tobacco, just-in-time inventory management, and manufacturing reconstituted sheet tobacco. Its flue-cured, burley, and oriental tobaccos are used principally in the manufacture of cigarettes; and dark air-cured tobaccos are used in the manufacture of cigars, pipe tobacco, and smokeless tobacco products. The company was founded in 1888 and is headquartered in Richmond, Virginia.
Advisors' Opinion:- [By Ali Berri]
In trading on Friday, non-cyclical consumer goods & services shares were relative laggards, down on the day by about 0.09 percent. Meanwhile, top decliners in the sector included Medifast (NYSE: MED), down 9.6 percent, and Universal (NYSE: UVV), off 3.9 percent.
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