"Acie's impressive financial background with larger publicly traded oilfield services companies, including his extensive knowledge of public company operations, financial reporting requirements, financial auditing standards and M&A and divestiture advisory as well as recent success at a high growth private equity-backed start up, were requisite qualifications for a new Chief Financial Officer," commented Matt Flemming, Chief Executive Officer of HII Technologies. "As we continue to grow both organically and through accretive acquisitions, we believe Acie's experience managing the financial strategy of high growth multiple divisions at previous oilfield services companies will serve our firm and its shareholders well," continued Mr. Flemming. "Further, we expect the segregation of the Chief Executive Officer and Chief Financial Officer duties will strengthen our internal controls and procedures."
The Company's board of directors permitted Mr. Palmer to purchase $50 thousand of HIIT restricted common stock directly from the Company on his start date.
Things must be looking up that we can afford to fill out the staff needed to become a real company.
HOUSTON, TX--(Marketwired - December 15, 2014) - HII Technologies, Inc. (HIIT) ("HII Technologies" or the "Company"), an oilfield service company focused in frac water management, oilfield power and safety services headquartered in Houston, Texas, today announced the hiring of Acie Palmer, CPA as the Company's new Chief Financial Officer (CFO). In connection with Mr. Palmer's appointment as CFO, Matt Flemming resigned as the Company's CFO. Mr. Flemming continues to serve as the Company's Chairman and Chief Executive Officer.
Acie Palmer has over 30 years of management experience including strategic financial planning and analysis, treasury management, capital raising, and operations in several industries including direct experience in the oilfield services industry ranging from startup organizations to larger publicly traded companies generating $1.8 billion in annual revenues.
Most recently, Mr. Palmer was the Chief Financial Officer for Certus Energy Solutions, a private equity-backed oil country tubular goods (OCTG) startup that successfully grew rapidly from its inception in 2013 and capitalized with approximately $75 million in debt and equity during his tenure. Previously, Mr. Palmer held positions ranging from Vice President of Operations, Corporate Assistant Treasurer and Director of Planning and Analysis at Key Energy Services (KEG) and Division Controller at Basic Energy Services Inc. (BAS). Mr. Palmer is a certified public accountant, licensed in Texas. In addition, Mr. Palmer received Key Energy Services' 2011 Chairman's Award For Outstanding Performance.
You have to look at the ETF's, especially the XLE, VDE & Ige which have the highest concentration of PSX stock. PSX is around 80 ETF's but those three with about 2.5% PSX are heavy traders and are energy only and ruled by the big oil stocks. I think 17% of the XLE is XOM. If you do a one month chart comparing PSX and XLE they are both down the same 11%. Same thing today. PSX started higher and drifted down with the XLE. MPC the marathon oil refining spin off is down over 12%. I said this in other posts, these refiners for the most part are at the mercy of the big energy ETF's. This is why investing in individual stocks has become so difficult. Hedge funds and other fast change artists are momentum players, do a lot of shorting and hedging and we get screwed. I believe over the long pull (and I have over 40 years of investing experience as an individual investor) you will do better owning only the best stocks.
In the 1980's the world was able to pump an addition 15 - 20% more than it was. There was a huge safety factor. Today we are pumping all out. I do not think there is much if anything in reserve. China GNP has stabilized and Indian growth has been picking up for the last year or so. Combination of a small drop in production and a small increase i usage will cause shortages to develop.
Of the big Bios, AMGN, CELG, BIIB, GILD & REGN, REGN is down 9%. Next worst is BIIB at 7%. All 5 down over 5.45%. Generally the overall market has a lot of pull on these stocks.
It all depends on ETF's. Unfortunately this stock is part of some energy ETF"s and therefore gets hammered with all the others. It is a gift to someone that wants to buy and to PSx repurchase plan. There will be fewer shares so earnings will look higher and few dollars to dole out in the dividend. It is all about free cash flow and the fact that it takes a long time to execute capital products. No matter how much cash flow you have there is a limit to how much can be deployed for growth. All the extra cash goes to buy backs after paying the dividend and having cash to handle normal operations.
Based on their conference calls the CEO believes the stock is under valued and therefore will continue to push the board to buy in the stock. Finally, both DCP and the Chemical company are self funding. They contribute capital to the parents not drain them.
Abbott raises quarterly dividend to 24 cents a share from 22 cents
Published: Dec 12, 2014 11:28 a.m. ET
NEW YORK (MarketWatch) -- Abbott ABT, -1.73% said Friday it is raising its quarterly dividend to 24 cents a share from 22 cents. The health care company said the new dividend will be payable Feb. 13, 2015 to shareholders of record as of Jan. 15. Shares are down 0.6%, but have gained about 16% in the year so far, while the S&P 500 has gained about 10%.
Gifford missed a year and came back as a wide receiver. I met Rosie Grier at our HS in Northern NJ. He was part of a program to raise money as a folk singer. He was 6'7" and 310 in the off season. I never saw someone so big.
Giants not looking good this year. Wonder if the coach is ready to retire. I started to listen to them on a transistor radio while raking leaves in the mid-1950's. My dad was able to get tickets to the 1956 champion ship game in the original Yankee stadium. Where oh where are you Frank Gifford and Sam Huff.
Right now we are caught in a general market downturn and as usual these high PE stocks get sucked down with it. In the larger picture of things does it really matter when we look back 2, 3 or 4 years from now. For the short run I am watching like a hawk because I want to add some shares.
Actually CELG has a larger market cap than BIIB and is more than two times the size of REGN (which I also own). Do not confuse share price with size and depth of product pipeline. AMGN is one of the largest of these companies and is finally moving up again after not doing much for almost 10 years.
New on this board. Planning on starting a position in this company. Need some tech to balance out my holdings. This stock based on the growth rate is cheap. I listened to the last few presentations which were all made last week and it appears that they have good forecast out to about 2017 - 18 and great free cash flow. I liked the idea that they concentrated on paying down some debt before the stock buy back. The Biotech Celgene (which is another great company) has similar predictability being able to forecast earnings out 3 to 4 years.
It has a lot when investors are forced to sell stocks with gains in order to meet margin calls in other areas. None of the sectors are totally safe. Investors also tend to sell stocks without earnings or high PE's when things in general head south. You may be an investor, but there are a lot of momentum players, fast change artists, speculators, options players, do I need to go on. So what seems rational often isn't. Unfortunately, it is just the way it is.
I saw this company mentioned on another board and have been reading the news, looking and posts and listened to the presentation made about a week ago. I have owned CELG and REGN for a while as core positions. Also own some CTIX which looks a lot like this company in terms of where they stand in bringing a product to market. Thinking of sticking my toe in the water with this company.
3M Co. (MMM) sees oil prices remaining stagnant over the next six to nine months before starting to rebound, an executive said.
Prices could fall as low as $50 a barrel, said Jeff Lavers, global vice president and general manager of 3M’s oil and gas division, citing industry forecasts. Oil prices hit a five-year low today. Brent, an industry benchmark, was trading at $64.45 a barrel.
“We’re prepared for probably a pretty flat market for oil price going forward,” Lavers said today in an interview in Abu Dhabi. “I see no reason why the demand curve doesn’t come back and why the supply curve doesn’t support $100 a barrel.”
3M, the St. Paul, Minnesota-based maker of Post-it notes and Scotch tape, has a sizable division making products for the oil and gas industry, including respirators, abrasives and lubricants.
Since Inge Thulin took over as chief executive officer in 2012, 3M has emphasized international growth and has boosted spending on research and development. The company has also been aggressive in putting its capital to use, including raising the dividend and buying Sumitomo Electric Industries Ltd.’s 25 percent stake in a joint venture for $865 million.
In the oil and gas business, 3M is considering acquisitions to supplement new product development, Lavers said.
“It’s always an area of interest for 3M,” he said. “We’re always open to entertain any ideas, primarily for technological solutions, but they also have to be a strong cultural fit within 3M.”
3M shares rose 1.2 percent to $160.13 at 11:12 a.m. in New York. They advanced 13 percent this year through yesterday, beating a 9.6 percent increase in the Standard & Poor’s 500 Index.
NEW YORK (TheStreet) -- Dominion Resources (D) shares are up 0.9% to $72.53 in early market trading on Thursday after the energy company was added to Citigroup's "focus list" before the opening bell today.
Analysts at the firm believe that the company's stock is currently undervalued due to what it sees as very promising opportunities for positive cash flow in the near term.
Analysts at Wells Fargo initiated coverage on the company's stock yesterday with a "market perform" rating. Dominion Resources has an average rating of "hold" from 13 ratings agencies with an average twelve month price target of $74.78.
TheStreet Ratings team rates DOMINION RESOURCES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOMINION RESOURCES INC (D) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
As I post BGS is up $2,00 or over &.25% and looks like it is still going up. I have checked the net and see no news plus the only other food stock I could find that was up over a fraction of one percent was K and it is up less than 3%. already 894K shares traded to average volume of only 360K. By the end of the day we will more than triple average daily volume. Also market maker has little impact on stock liquidity. THis is all done electronically.
Following is from a news item on CTIX website. So probably about $5 million in cash and stock.
PolyMedix filed for Chapter 7 bankruptcy protection on April 1, 2013. Following a due diligence process, Cellceutix submitted a “stalking horse” bid for the PolyMedix assets in August. On Wednesday, September 4, the Bankruptcy Court for the District of Delaware approved the asset purchase agreement. In the transaction, Cellceutix assumes none of the debt associated with PolyMedix. The purchase price was $2.1 million in cash and 1.4 million shares of CTIX stock.
Less than two years ago, PolyMedix had 28 employees, a market capitalization of $227.4 million and was rated as “outperform” by a well-known investment banking firm.