Pipeline companies and utilities that own pipelines are great sources of income an future growers. D owns a pipeline and very involved in the natural gas business. Look at SE and KMI pipelines and NI as a utility that only has electric in Indiana, but has local gas utilities and an interstate pipeline network. For a solid gas and electric utility look at WEC. I own all the companies I listed.
I listened to today's webcast and operations seem to be going well all over. I have invested in other Bakken companies and HK is knocking the ball out of the park up there. The ip rates are monsters. Since the rocks in El Halcon and TMS are similar, I would expect both of these areas to really start contributing. Been buying during this last down turn.
You do not make money in these kinds of stocks by trading them. If you have done the research and believe in the pharma products under development, the price was low enough to have bought a decent number of shares. Then monitor results and hold for the long pull. For me this is part of a Biotech portfolio. I also own CELG & REGN which are more mature. CTIX puts a little zip in my holdins.
It is valued for high growth. As the company's income grows the growth rate will slow o to the law of large numbers. However, the price of stock will continue to go up, only at a slower rate. Think about this, NKE is about 4.5X larger but still has a PE north of 26 X earnings. This company has a long way to go.
Someone must have bought without a limit and got taken to the cleaners. Always use limit orders. There are traders that put in high sell and buy prices to catch the unsuspecting.
Thanks. Their revenues are not even 2X our estimate for 2014. Also about 15 million shares outstanding. One big difference is that they have 5 analysts following the stock. HIIT is at the point where they are promoting the stock. We need to get the price up so that we can get coverage. HIIT is growing much faster.
One more 60 cent dividend after this. They typically raise the payout in early December. Last dividend increase x-dividend date was 12/04/13. The average growth rate for 2013 to 2015 is about 7%. I would think they could raise the dividend 4 or 4.5 cents per quarter. This would be about 68% of 2015 consensus estimate. Cash flow is about 2X the earnings, so they still have plenty of money for growth projects.
I actually bought some more shares yesterday after the recent sell off.
I think that this company does not have a wide following. A lot of shares appear to be owned by people who control the original machine shop that spun off the valve company and then bought it back. If I remember they did a reverse IPO to become public without a lot of cost. It looks like some recent moves to promote the company are now starting to show results.
I had a bunch of shares from the valve operation and when I saw that they had merged with an oil service company I bought more. Since they have been trading in the 55 - 70 cents range i bought more. I have been investing in oil and gas shale drillers for about ten years and I think HIIT is the real deal and could become a much bigger company.
Plank takes no risk. He gets the options from the company. It is not like us buying puts or calls and betting the stock will go up or down. Plus those options he gets usually have a ten year life. You don't think UA will be much higher 10 years form now??
There are not many shares in the float; therefore it is getting bid up. Who knows when and if more will come public. Trading like a scarce commodity.
Zacks Equity Research
Wisconsin Energy maintained its earnings streak primarily on the back of higher revenues and a lower share count.
Going forward, Wisconsin Energy’s infrastructure development projects will enable it to provide reliable services to customers.
Wisconsin Energy’s proposed acquisition of Integrys Energy Group will help it to increase its scale of operations and serve more customers. Subject to customary approvals, the transaction is expected to close in the summer of 2015.
We also appreciate the company’s effective share repurchase program, which will boost shareholder value.
Wisconsin Energy currently has a Zacks Rank #1 (Strong Buy).
Wisconsin Energy Corporation (WEC) reported second-quarter 2014 adjusted earnings per share of 59 cents, exceeding both the Zacks Consensus Estimate as well as the prior-year figure of 52 cents by 13.5%.
On a GAAP basis, the company’s earnings per share were 58 cents versus 52 cents a year ago. The difference between GAAP and adjusted earnings was due to a penny charge related to the impending acquisition of Integrys Energy Group, Inc. (TEG).
In the second quarter, Wisconsin Energy’s total revenue of $1,043.7 million missed the Zacks Consensus Estimate of $1,045 million by 0.1%. On a year-over-year basis, reported revenue increased 3.1% primarily on the back of higher electricity as well as natural gas customers and increased electricity consumption by large commercial and industrial customers.
In the quarter under review, Wisconsin Energy’s total operating expenses edged up 3% year over year to $806.1 million, mainly due to higher fuel and purchased power expenses, and increases in cost of goods sold as well as depreciation and amortization expenses.
Operating income in the reported quarter was $240.7 million, up 4.9% from $229.5 million a year ago.
Wisconsin Energy’s second-quarter interest expenses decreased 6.8% year over year to $59 million.
As of Jun 30, 2014, Wisconsin Energy had cash and cash equivalents of $33.4 million versus $26 million as of Dec 31, 2013.
The company’s long-term debt increased to $4,587.5 million as of Jun 30, 2014 from $4,363.2 million as of Dec 31, 2013.
During the first half of 2014, cash from operating activities was $721.3 million, up from $681.5 million in the year-ago period.
Wisconsin Energy invested $305.5 million during the first six months of 2014 in capital expenditure, compared with $307.3 million in the prior-year period.
Other Company Releases
American Electric Power Company Inc. (AEP) reported second-quarter 2014 operating earnings of 80 cents per share, beating the Zacks Consensus Estimate of 75 cents by 6.7%.
CMS Energy Corp. (CMS) reported second-quarter 2014 earnings per share of 30 cents, surpassing the Zacks Consensus Estimate of 26 cents by 15.4%.
The conference call was short, mostly going over existing CAPEX program. Most analyst's questions were deflected until September analyst meeting. They will talk about a possible MLP based on reply to an analyst's question and greater detail on forward growth estimates based on CAPEX.
6:38 am NiSource reports EPS in-line, beats on revs (NI) : Reports Q2 (Jun) earnings of $0.25 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.25; revenues rose 11.0% year/year to $1.34 bln vs the $1.25 bln consensus.
Columbia Pipeline Group Operations reported operating earnings of $103.7 million for the three months ended June 30, 2014, compared with operating earnings of $88.8 million for the prior year period. Net revenues, excluding the impact of trackers, increased by $22.2 million primarily due to higher demand margin revenue as a result of growth projects placed into service and increased mineral rights royalty revenue.
I believe he came up with that number based on market cap and earnings growth vs. Chipotle.. He used it as a bench mark.
The stock market is free advertising and there will be a surge of new customers. As more sires are opened up there will already be awareness.
Phillips 66 Positioned To Take The Lead In The U.S. Oil And Gas Boom - this article appeared in SeekingAlpha today (7/28). I copied over the summary only.
This article looks to address the criticism and misinformation targeting the shale gas and oil industry in the US.
Midstream oil and gas majors are best placed to take advantage of the opportunities presented within the US oil and gas industry in the coming decade.
Phillips 66 has pivoted its business to take advantage of the next stage in the US shale oil and gas boom.
No. Completely different kind of company. It takes more time and a lot more capital, even from franchisee, in order to ramp up. It is a lot like retail. Still looks like a great investment and glad I paid up on Friday considering today's price. For me a long term holding. Next Chipotle, but you are in on the ground floor??? Good luck all.
Why did they close the East Coast restaurants that they had. outside of current area?? See closings below:
El Pollo Loco or its franchisees briefly operated several restaurants in metro Atlanta and Boston, New Jersey and in the Hampton Roads area of Virginia; these closed by 2011. The chain's franchised restaurants in the Portland, Oregon metropolitan area also closed in 2011. An El Pollo Loco in the Foxwoods Resort Casino in Connecticut closed in spring 2012. The last of four Chicago area stores closed at the end of 2012.
This is troubling!!