M. Grier Eliasek, co-founder, president and COO of Prospect Capital Corporation (NASDAQ: PSEC), offered insight into the company's success, including 12 percent dividend yield for shareholders, in an exclusive interview on Benzinga's #PreMarket Prep morning show.
2014 marks Prospect Capital's tenth anniversary as a public company. After 10 years of being publicly traded, they've grown their market capital from ��100 million a decade ago to about $3.5 billion today.��
Eliasek said that despite high dividend yields, they've actually ��nder-distributed��relative to their income, making 12 percent easy to sustain with a ��ignificant storehouse of value of undistributed earnings.��They've declared monthly dividends moving forward all the way through to September, offering shareholders a significant amount of yield visibility.
Top 5 High Dividend Companies To Buy Right Now: Armco Metals Holdings Inc (AMCO)
Armco Metals Holdings, Inc., formerly China Armco Metals, Inc., incorporated on April 25, 2007, is engaged in metal ore trading and distribution and scrap metal recycling. The Company�� s operations are conducted primarily in the People's Republic of China (PRC). In the Company's metal ore trading and distribution business, the Company imports, sells and distributes to the metal refinery industry in the PRC a range of metal ore which includes iron, chrome, nickel, copper and manganese ore, as well as non-ferrous metals, and coal. The Company obtains these raw materials from global suppliers primarily in Brazil, India, Indonesia, Ukraine and the United States and distributes them in the PRC. In addition, it provides sourcing and pricing services for various metals to its network of customers.
The Company�� scrap metal recycling business, it recycles scrap metal at its recycling facility and sell the recycled product to steel mills in China for use in the production of recycled steel. The Company sells processed and non-ferrous ore to end-users, such as specialty steelmakers, foundries, aluminum sheets and ingot manufacturers, copper refineries and smelters, brass and bronze ingot manufacturers, wire and cable producers, utilities and telephone networks. The Company recycles scrap metals at the Facility using both heavy equipment and manual labors. Recycling scrap metal consists of a variety of steps, including collecting, inspecting, sorting, stripping, shearing, cutting, shredding and bailing.
Advisors' Opinion:- [By James E. Brumley]
It's still too soon to put it in your portfolio, but Armco Metals Holdings Inc. (NYSE:AMCO) most definitely deserves a place on your watchlist. This Chinese metal stock is poised for a breakout move. It just needs the right nudge, and a little help on a certain front to let AMCO take flight.
Top 5 High Dividend Companies To Buy Right Now: Huron Consulting Group Inc.(HURN)
Huron Consulting Group Inc. provides operational and financial consulting services in the United States. Its Health and Education Consulting segment develops and implements solutions to help clients address financial management, strategy, operational and organizational effectiveness, research administration, and regulatory compliance; and offers consulting services related to organization performance improvement, revenue cycle improvement, turnarounds, merger or affiliation strategies, labor productivity, non-labor cost management, information technology, patient flow improvement, physician practice management, interim management, clinical quality and medical management, and governance and board development to hospitals, health systems, physicians, managed care organizations, academic medical centers, colleges, universities, and pharmaceutical and medical device manufacturers. The company?s Legal Consulting segment provides strategic and management consulting, cost managem ent, and technology and information management, including matter management, records, document review, and discovery services to assist law departments and law firms. This segment also offers V3locity solution, which delivers streamlined e-discovery process; and IMPACT solution that delivers sustainable cost reductions. Its Financial Consulting segment assists corporations with accounting and financial reporting matters, and provides financial analysis in restructuring and turnaround situations, as well as consults with companies in the areas of corporate governance, Sarbanes Oxley compliance, and internal audit. Huron Consulting Group Inc. serves various industries, including healthcare, education, professional services, pharmaceutical, technology, transportation services, telecommunications, financial services, electronics, consumer products, governmental, energy and utilities, and industrial manufacturing. The company was founded in 2002 and is headquartered in Chicago, I llinois.
Advisors' Opinion:- [By Benjamin Shepherd] The US health care industry is among the heaviest regulated in the nation. Most health care-related companies must answer to federal, state and, in many cases, local regulators.
That regulatory burden will only grow more complex, as myriad new rules under the Patient Protection and Affordable Care Act, or “Obamacare,” come into effect over the next few months. In just 22 days, the first insurance exchanges are supposed to come online. On January 1, the individual mandate and changes in coverage standards become effective.
Many health care businesses and organizations were dragging their feet in complying with Obamacare’s provisions, waiting to see how the Supreme Court would come down on the law. The court didn’t rule on Obamacare until June 2012, a decision in which it upheld the law almost in its entirety.
Given that delayed decision, a study conducted by the Government Accountability Office this past June found that only 44 percent of key activities required for full compliance had been completed, particularly where health insurance exchanges were concerned.
As a result, there’s a massive scramble underway to achieve minimum compliance levels with the law. But there’s a paucity of workers with the requisite knowledge of federal and insurance regulations required to help companies and state governments navigate the labyrinth of regulations.
That’s creating a lot of work for consultancies such as Huron Consulting Group (NSDQ: HURN), which focuses almost exclusively on the health care sector.
While the company also works in the legal, financial, education and life sciences arenas, it primarily helps hospitals, health systems and physician groups reduce costs, maximize reimbursements from both federal and private insurers and transition towards the value-based care mandated under Obamacare. In future years, reimbursements will transition towards rewarding health care organizations tha
Hot Building Product Stocks To Buy For 2015: Interactive Leisure Systems Inc (IALS)
InterActive Leisure Systems Inc, formerly Dukeshire Ventures Inc., incorporated on August 2, 1999, is engaged in the development of Digital Versatile Disc (DVD), format known as Versatile Multilayer Disc (VMD). The Company consists of three operating divisions: Optics, Electronics and Media Division. Optics division is responsible for the development of the VMD disc in its entirety, from mastering, replication, printing to packaging besides the VMD replication lines in collaboration with a consortium partners. Electronics division handles development of high definition optical disc players. Media division is responsible for the development of the high definition format for the optical discs themselves together with authoring tools for the media industry to enable them to display their film content on VMD discs. On May 30, 2007, the Company acquired technology and file format to use with VMD players from Semilla Capital Ltd Hong Kong.
The Company is focussed on producing VMD disc in a number of formats including read only, write once, re-writable (RW) and read only/re-writable combined. The VMD drive is very similar to the standard DVD RW drive with modifications to the firmware to instruct the laser to read multiple layers. The modifications in the software re-calibrate the red laser, enabling it to read data on all data layers. The Company has developed its own VMD authoring software.
Advisors' Opinion:- [By Peter Graham]
What�� the Catch With Bison Petroleum Corp? According to various disclosures, a transaction of $6,500 has or will occur to mention Bison Petroleum Corp in various investment newsletters. Last Wednesday, Bison Petroleum Corp provided a corporate update which also included further details about its Independence Prospect plus the appointment of two seasoned advisors. Back in August, Bison Petroleum Corp had acquired a 100% Working Interest (WI) and 80% Net Revenue Interest (NRI) in the 840-acre Independence Prospect located in the ��rolific�� Bighorn Basin, Wyoming and the company is currently developing an exploration plan for these leases plus they have appointed a Vice-President of Explorations and a Senior Geological Advisor. Back in September, Bison Petroleum Corp also announced the appointment of a new CEO and the launch of its corporate website. A quick look at Bison Petroleum Corp�� financials reveals no revenues; net losses of $340k (most recent reported quarter), $16k, $56k and $30k for the past four quarters; and $30k in cash to cover $36k in current liabilities at the end of last July.
Interactive Leisure Systems Inc (OTCMKTS: IALS) Announces AcquisitionsSmall cap Interactive Leisure Systems is a technology company specializing in the global travel industry that intends to purchase an enterprise software platform for the marketing, sale and management of travel products. On Friday, Interactive Leisure Systems sank 16% to $0.021 for a market cap of $1.44 million plus IALS is up 10,400% over the past year and up 425% over the past five years according to Google Finance.
Top 5 High Dividend Companies To Buy Right Now: Stratasys Inc.(SSYS)
Stratasys, Inc., together with its subsidiaries, engages in the development, manufacture, marketing, and servicing of three-dimensional (3D) printers, rapid prototyping (RP) systems, and related consumable materials for office-based RP and direct digital manufacturing (DDM) markets. The company offers its products as integrated systems consisting of an RP machine and the software to convert the CAD designs into a machine compatible format, and modeling and support materials. Its products enable engineers and designers to create physical models, tooling, jigs, fixtures, prototypes, and end use parts out of production grade thermoplastic directly from a CAD workstation. The company also offers rapid prototyping and production part manufacturing services; and maintenance, leasing/renting, training, and contract engineering services for 3D production systems and 3D printers. Its products are used by design and manufacturing organizations in aerospace, architecture, automotive, business machines, consumer products, defense, direct digital manufacturing of custom parts, educational institutions, electronics, fixtures, jewelry, heavy equipment, medical systems, tooling, medical analysis, mold making, and dental markets. The company markets its products through a network of value-added resellers and distributors in the Americas, Europe, the Middle East, Korea, Taiwan, Japan, and China. Stratasys, Inc. was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
Advisors' Opinion:- [By Jon C. Ogg]
Barron’s was quick to point out that shares of 3D Systems Corp. (NYSE: DDD) were up 370% over the past two years as the industry leader. Stratasys Ltd. (NASDAQ: SSYS) was shown to be up some 230%� or so in the last couple of years. Barron’s even included the recent IPOs in 3-D printing with The ExOne Company (NASDAQ: XONE) up 140% and Voxeljet AG (NYSE: VJET) up over 160% since coming public.
Top 5 High Dividend Companies To Buy Right Now: StealthGas Inc.(GASS)
StealthGas Inc., a ship-owning company, through its subsidiaries, provides international seaborne transportation services worldwide. The company transports petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer. It also transports refined petroleum products, such as gasoline, diesel, crude oil, fuel oil, jet fuel, edible oils, and chemicals. As of January 9, 2012, the company had a fleet of 33 liquefied petroleum gas (LPG) carriers with a total capacity of 153,088 cubic meters, 3 medium range product tankers, and 1 Aframax oil tanker. It serves LPG producers comprising national and independent energy companies, energy traders, and industrial users. StealthGas Inc. was founded in 2004 and is headquartered in Athens, Greece.
Advisors' Opinion:- [By Tim Melvin]
Several shipping stocks have already started to move higher this year, but in a fashion that will be typical of the volatility in the sector, we saw an opportunity created this week. StealthGas (GASS) reported earnings that fell well short of analyst expectations, and the stock plummeted by almost 8 percent for the week.
- [By Eric Volkman]
StealthGas (NASDAQ: GASS ) has ambitions to raise $100 million from the capital markets. The company put a price tag on its upcoming public share flotation, and upped the volume in the process -- 10 million shares are to be sold, as opposed to the originally planned 8 million, and they will be priced at $10.00 apiece.
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