The Office of Management and Budget (OMB) has received a proposed regulation from the Department of Labor regarding the development of a “Guide or Similar Requirement for Section 408(b)(2) Disclosures,” which could spell additional expense for retirement plan service providers, says ERISA guru Fred Reish.
Reish (left), partner and chairman of the Financial Services ERISA Team at Drinker Biddle & Reath in Los Angeles, notes that while it’s not the DOL’s re-proposed fiduciary rule, which he expects to be at OMB in a matter of weeks, this proposed fee-disclosure reg “could have a material impact on the retirement plan community.”
While the retirement planning community won’t know what the proposed regulation says for about three months—when the OMB approves and releases the proposed regulation—Reish says, DOL “has previously given us an idea about their thinking.”
Hot Internet Stocks To Invest In 2015: Liberty Global Inc.(LBTYA)
Liberty Global, Inc. provides video, broadband Internet, and telephony services primarily in Europe and Chile. The company offers broadband services over cable distribution systems, including video, broadband Internet, and telephony; and video services through direct-to-home satellite, or through multichannel multipoint distribution systems. Its analog video services comprise basic and expanded basic programming; and digital cable services include basic and premium programming, digital video recorders, and high definition programming, as well as pay-per-view programming, such as video-on-demand and near video-on-demand. In addition, the company offers voice-over-Internet-protocol and circuit-switched telephony services, as well as mobile telephony services using third-party networks. Further, it owns programming networks that provide video programming channels to multi-channel distribution systems owned by the company and the third parties. As of December 31, 2011, the com pany owned and operated networks that passed 33,262,100 homes; and served 18,405,500 video subscribers, 8,159,300 broadband Internet subscribers, and 6,225,300 telephony subscribers. Liberty Global, Inc. was founded in 2004 and is based in Englewood, Colorado.
Advisors' Opinion:- [By Holly LaFon]
Besides Yahoo, Loeb�� top holdings are AIG (AIG), Liberty Global Group Inc. (LBTYA) and Thermo Fisher Scientific Inc. (TMO), up 42%, 19% and 17%, respectively, from his average purchase price.
- [By Lauren Pollock]
Liberty Global(LBTYA) PLC has agreed to sell substantially all of its international content division Chellomedia to AMC Networks Inc.(AMCX) in a deal worth $1 billion, allowing the cable company to focus on its core markets.
Top Services Stocks To Watch Right Now: C&J Energy Services Inc (CJES)
C&J Energy Services, Inc., incorporated on December 15, 2010, is a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on complex, technically demanding well completions. The Company also manufactures and repairs equipment to fulfill its internal needs and for third-party companies in the energy services industry. The Company operates in three reportable segments: Stimulation and Well Intervention Services, Wireline Services and Equipment Manufacturing.
The Company provides hydraulic fracturing coiled tubing and related well intervention services through its Stimulation and Well Intervention Services segment to oil and natural gas exploration and production companies. On June 7, 2012, the Company acquired Casedhole Holdings, Inc. and its operating subsidiaries, including Casedhole Solutions, Inc.
Stimulation and Well Intervention Services
The Company's Stimulation and Well Intervention Services segment provides hydraulic fracturing and coiled tubing and other well intervention services, with a focus on complex, technically demanding well completions. The Company's customers use the Company's hydraulic fracturing services to enhance the production of oil and natural gas from formations with low permeability, which restricts the natural flow of hydrocarbons. Hydraulic fracturing involves pumping a fluid down a well casing or tubing at sufficient pressure to cause the underground producing formation to fracture, allowing the oil or natural gas to flow more freely. The Company's engineering staff also provides technical evaluation, job design and fluid recommendations for the Company's customers as an integral element of its fracturing service. The Company's engineering staff also provides technical evaluation, job design and fluid recommendations for the Company's customers as an integral element of its fracturing service.
Wireline Services
The Company's Wireline Services segment p! rovides cased-hole wireline and other complementary services. Its services includes logging, perforating, pipe recovery, pressure testing and pumpdown services, which are critical throughout a well's life cycle.
Equipment Manufacturing
The Company's Equipment Manufacturing segment constructs oilfield equipment, including hydraulic fracturing pumps, coiled tubing units, pressure pumping units and other equipment for the Company's Stimulation and Well Intervention Services and Wireline Services segments as well as for third-party customers in the energy services industry. This segment also provides equipment repair services and oilfield parts and supplies to the energy services industry and to meet the Company's own internal needs.
The Company competes with Halliburton, Schlumberger, Baker Hughes, Weatherford International, RPC, Inc., Pumpco, an affiliate of Superior Energy Services, Frac Tech, Stewart & Stevenson, Enerflow Industries Inc., United Engines Manufacturing, Dragon Products and National Oilwell Varco, Inc.
Advisors' Opinion:- [By Lee Jackson]
C&J Energy Services Inc. (NYSE: CJES) undertook an aggressive expansion plan for 2013. That strategy culminated in several deals during the fourth quarter and further plans for 2014. The domestic hydraulic fracturing specialist has spent the past couple of years expanding the business line and, surprisingly, building new equipment. Now with natural gas inventories plunging to five-year lows, C&J Energy is positioned to take advantage of a market where utilization is already firming. Jefferies price target holds steady at $28, and the consensus estimate is $25. Shares closed Friday at $24.50.
- [By Matt DiLallo]
C&J Energy Services (NYSE: CJES )
One of the more interesting purchases this quarter is the $7.4 million Soros poured into C&J Energy Services. The oilfield service company specializes in complex well completions, making it an important company for extracting ever-harder-to-reach oil and gas. With operations spanning the most active shale plays, an investment in C&J is one that benefits as oil and gas companies drill more wells using even more complex hydraulic fracturing techniques. - [By Aaron Levitt]
For investors, the choice is clear — you need to focus globally when it comes to oil stocks. North American-focused oil stocks like C&J Energy (CJES) and Basic Energy Services (BAS) might not be up to snuff in such a highly challenging pricing environment.
- [By Traders Reserve]
C&J Energy Services (CJES) grew more than 25% in 2012, after tripling in 2011, but has stalled in 2013 and will come in with near-zero growth. Part of the reason is the softening of oil prices and the shuttering marginal fields ��C&J Energy Services provides fracking-related oil field services on a spot basis with prices defined under long-term contracts.
Top Services Stocks To Watch Right Now: Saia Inc.(SAIA)
Saia, Inc., an asset-based trucking company, provides transportation and supply chain solutions primarily to the retail, chemical, and manufacturing industries in the United States. The company, through it subsidiary, Saia Motor Freight Line, LLC, offers regional and interregional less than truckload (LTL) services, selected national LTL, and time-definite services. It was formerly known as SCS Transportation, Inc. Saia, Inc. was founded in 2000 and is headquartered in Johns Creek, Georgia.
Advisors' Opinion:- [By Ben Levisohn]
Wunderlich’s Nicholas Bender thinks FedEx’s results bode well for Old Dominion (ODFL), Con-way (CNW) and Saia (SAIA):
We expect all less-than-truckload carriers to benefit in 2Q14 from the same trends that carried FedEx Freight to a banner 4Q14. This includes Hold-rated Old Dominion, which will continue to grow at well above market rates, and Buy-rated Con-way, which we believe can leverage a strong 2Q14 to prime the pump on margin enhancement efforts. Our favorite name in the space remains Saia (SAIA-$42.92, Buy), which will once again see accelerating tonnage growth in 2Q14. Though tonnage growth will moderate in� 2H14 due to steeper comps, there remains considerable potential for the company to boost yield and continue winning incremental business with new accounts.
- [By John Udovich]
Despite what can best be described as a�soft economy, small cap trucking stocks YRC Worldwide, Inc (NASDAQ: YRCW), Arkansas Best Corporation (NASDAQ: ABFS), Frozen Food Express Industries, Inc (NASDAQ: FFEX), Saia Inc (NASDAQ: SAIA) and USA Truck, Inc (NASDAQ: USAK) have been trucking some pretty impressive returns since the start of the year. In fact, these small cap trucking stocks are up anywhere from 72% to 150% or so since the start of the year despite the slow economy. Certainly trucking stocks provide a good indicator of how the economy is doing, but might investors be�jumping the gun by pushing up these trucking stocks?
Top Services Stocks To Watch Right Now: Chipotle Mexican Grill Inc.(CMG)
Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, and England. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. As of December 31, 2011, it operated 1,230 restaurants, which includes 1 ShopHouse Southeast Asian Kitchen. Chipotle Mexican Grill, Inc. was founded in 1993 and is based in Denver, Colorado.
Advisors' Opinion:- [By Ben Levisohn]
Shares of Chipotle Mexican Grill�(CMG) have surged higher in after-hours trading after the restaurant chain blew away earnings and revenue forecasts.
Associated PressChipotle Mexican Grill reported a profit of $3.50, topping the Street consensus for $3.08, on revenue of $1.05 billion, beating forecasts for $988.94 million. At the same time, same store sales rose 17.3%. Yowsers.
Belus Capital Advisors’�Brian Sozzi loves what he sees from Chipotle:
Another quarter of sequential acceleration for Chipotle’s same-store sales to a whopping 17.3%.� However, unlike the first quarter, Chipotle brought more of�those strong sales to the bottom line, and blew away consensus estimates.
The read: as more of Chipotle’s markets are touched with menu price increases this quarter, the company is teed up for at least another two quarter of strong earnings growth that could materially surpass consensus (the amount of unknown as consensus estimates will climb following this report).
Shares of Chipotle Mexican Grill have gained 9.9% to 648.32 in after-hours trading.�
- [By Quantum Research]
The fast food giant has 35,000 outlets across the globe and most have been facing flat sales since last year. The young customers are preferring healthy options with customizable menu provided by Chipotle Mexican Grill (CMG) and Panera Bread Co. (PNRA). These companies offer organic foods rather than frozen ones.
- [By Nicole Seghetti]
Growth
Growth stocks aren't as stodgy as core stocks, but they aren't as sexy as aggressive. These stocks still have excellent growth potential and boast well-established business models. For example, consider a growth stock like Chipotle Mexican Grill (NYSE: CMG ) . Chipotle boasts a proven business model of providing yummy, high-quality fast food. This burrito maker has enjoyed sizzling success, but its growth story isn't over. Recently found to be the No. 1 fast-food restaurant choice among health-conscious consumers, Chipotle boasts vast growth opportunities internationally, and its Southeast Asian restaurant concept houses huge potential.
Top Services Stocks To Watch Right Now: Lakes Entertainment Inc.(LACO)
Lakes Entertainment, Inc., together with its subsidiaries, develops, finances, and manages Indian owned casino properties. It has development and management or financing agreements with three separate tribes for casino operations in Michigan and California. The company manages the Red Hawk Casino for the Shingle Springs Band of Miwok Indians situated in El Dorado County, California, which features 2,200 slot machines, 70 table games, 7 poker tables, 5 restaurants, 4 bars, retail space, a parking garage, and a child care facility and arcade. It also develops and finances a casino to be built on the reservation of the Jamul Indian Village located to the east of San Diego, California. In addition, Lakes Entertainment, Inc. engages in developing, financing, and managing non-Indian casino projects in Florida, Maryland, Mississippi, and Ohio. The company was formerly known as Lakes Gaming, Inc. and changed its name to Lakes Entertainment, Inc. in 2002. Lakes Entertainment, Inc. was founded in 1998 and is based in Minnetonka, Minnesota.
Advisors' Opinion:- [By John Emerson]
I will conclude Part one of Reflections from 20 Years of Investing (2001- 2008) with the discussion of three more sizable winners: Forward Industries (FORD), Lake Gaming (LACO) and Fairchild (FA).
Top Services Stocks To Watch Right Now: Penske Automotive Group Inc.(PAG)
Penske Automotive Group, Inc. operates as an automotive retailer. It sells new and used vehicles of approximately 40 vehicle brands; offers vehicle maintenance and repair services; and engages in the sale and placement of third-party finance and insurance products, third-party extended service contracts, and replacement and aftermarket automotive products. As of December 31, 2011, the company operated 320 retail automotive franchises, of which 166 franchises were located in the United States and 154 franchises are located outside of the United States primarily in the United Kingdom. It also has operations in Puerto Rico and Germany. Penske Automotive Group, Inc. was founded in 1990 and is headquartered in Bloomfield Hills, Michigan.
Advisors' Opinion:- [By Brian Pacampara]
AutoNation (NYSE: AN )
Penske Automotive Group (NYSE: PAG )Sources: S&P Capital IQ and Motley Fool CAPS.
- [By Seth Jayson]
Penske Automotive Group (NYSE: PAG ) reported earnings on April 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Penske Automotive Group missed estimates on revenues and beat slightly on earnings per share. - [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 Penske Automotive Group (NYSE: PAG ) , whose recent revenue and earnings are plotted below. - [By Rich Duprey]
New- and user-car dealer�Penske Auto Group (NYSE: PAG ) announced today its second-quarter dividend of $0.16 per share, a 7% increase over the payout it made to investors last quarter of $0.15 per share.
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