Shares of Barnes & Noble (BKS) are tumbling for a second day after�John Malone’s Liberty Media (LMCA) said it would sell most of its stake in the struggling book seller.
REUTERSIn a report released yesterday, Credit Suisse analysts�Gary Balter and�Andrew Kinder note that Liberty Media’s exit could mean the end of the line for Barnes & Noble’s Nook:
The removal of Liberty Media as a significant investor in [Barnes & Noble] also seems to be another signal in the company’s strategic shift with managing the NOOK. Similar to CEO William Lynch’s departure, it appears those most interested in growing the NOOK platform have now left. Under new management, the new strategy being implemented for the NOOK is one where cost cuts are emphasized and attempts are made to monetize, not grow, the remaining assets. This strategy has decreased the value drag of the NOOK this year. However, it is too [early] to see to what extent this strategy will result in the ability for shareholders to see just the positive EBITDA contributions from Retail and College, something that the bulls are currently hoping for.
Top 10 Valued Stocks To Own Right Now: CVB Financial Corp (CVBF)
CVB Financial Corp. (CVB), incorporated on April 27, 1981, is a bank holding company of Citizens Business Bank (the Bank). The Company�� primary operations are related to banking activities, including the acceptance of deposits and the lending and investing of money through the operations of the Bank. The Bank also provides automobile and equipment leasing to customers through its Citizens Financial Services Group and trust and investment-related services to customers through its CitizensTrust Division. The Bank�� customers consist primarily of small to mid-sized businesses and individuals located in San Bernardino County, Riverside County, Orange County, Los Angeles County, Madera County, Fresno County, Tulare County, Kern County and San Joaquin County, California. As of December 31, 2012, the Bank operated 42 Business Financial Centers, five Commercial Banking Centers, and two trust office locations with its headquarters located in the city of Ontario. It operates in two segments: Business Financial and Commercial Banking Centers (Centers) and Treasury.
Lending Activities
The Bank provides lending products, such as commercial, agribusiness, consumer, real estate loans and equipment and vehicle leasing. Commercial products include lines of credit and other working capital financing, accounts receivable lending and letters of credit. Agribusiness products are loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers. It provides lease financing for municipal governments. Financing products for consumers include automobile leasing and financing, lines of credit, and home improvement and home equity lines of credit. Real estate loans include mortgage and construction loans. The Bank also offers a range of specialized services designed for the needs of its commercial accounts. These services include cash management systems for monitoring cash flow, a credit card program for merchants, courier pick-up and delivery! , payroll services, remote deposit capture, electronic funds transfers by way of domestic and international wires and automated clearinghouse, and online account access. The Bank makes available investment products to customers, including mutual funds, an array of fixed income vehicles and a program to diversify our customers��funds in federally insured time certificates of deposit of other institutions. It offers a range of financial services and trust services through its CitizensTrust division. These services include fiduciary services, mutual funds, annuities, 401(k) plans and individual investment accounts.
Investment Activities
The Company maintains a portfolio of investment securities to provide interest income and to serve as a source of liquidity for its ongoing operations. The composition of the investment portfolio as of December 31, 2012, consisted of the Government agency, residential mortgage-backed securities, municipal bonds and other securities. Investment securities totaled $2.45 billion at December 31, 2012. Approximately $1.46 billion, or 60%, of the total investment portfolio at December 31, 2012 consisted of securities backed by mortgages.
Sources of Fund
The primary source of funds to support earning assets (loans and investments) is the generation of deposits. CVB offers a range of deposit instruments, which include checking, savings, money market and time certificates of deposit for both business and personal accounts. It also serves as a federal tax depository for its business customers. Total deposits were $4.77 billion at December 31, 2012.. The Company�� deposits include non-interest bearing deposits, such as demand deposits, and interest bearing deposits, such as investment checking, money market, savings and time deposits. At December 31, 2012, borrowed funds totaled $698.2 million. At December 31, 2012, noninterest bearing deposits were 50.71% of total deposits. As of December 31, 2012, its borrowings included $198.9 mill! ion in te! rm federal home loan bank (FHLB) advances, $473.2 million of repurchase agreements, and $26.0 million of other overnight borrowings.
Advisors' Opinion:- [By Rich Duprey]
Citizens Business Bank holding company�CVB Financial (NASDAQ: CVBF ) announced yesterday its second-quarter dividend of $0.10 per share, an 18% increase over the payout it made last quarter of $0.085 per share. This is the first increase in the dividend since 2007.
5 Best Forestry Stocks To Own For 2014: Hydrocarb Energy Corp (HECC)
Hydrocarb Energy Corp., formerly Duma Energy Corp., incorporated on April 12, 2005, is a natural resource exploration and production company engaged in the exploration, acquisition and development of oil and gas properties in the United States. The Company maintains an aggregate of approximately 395 gross (217 net) developed acres and approximately 6,120 gross (4,456 net) undeveloped acres, pursuant to leases or acquisitions. Of that acreage, it maintains approximately 176 gross (132 net) developed acres in Louisiana, 219 gross (85 net) developed acres in Texas, 4,614 gross (3,123 net) undeveloped acres in Illinois, 160 gross (150 net) undeveloped acres in Louisiana, and 1,346 gross (1,183 net) undeveloped acres in Texas. The interest holding properties of the Company include The Welder Lease (Barge Canal), Texas; South Delhi/Big Creek Field, Louisiana; The Holt Lease; The Strahan Lease; Janssen Lease, Texas; Koliba Lease, Texas, and Illinois. As of July 31, 2010, the Company had a total of six gross (five net) producing oil wells and one gas well. In December 2013, the Company announced that it has completed the acquisition of Hydrocarb Corporation.
The Welder Lease (Barge Canal), Texas
The Company owns a 100% working interest (90% after payout) and a 72.5% net revenue interest (65.25% after payout) in approximately 81 acres of an oil and gas lease (the Welder Lease). This lease is located in Calhoun County, Texas. Effective January 1, 2010, it acquired the remaining 10% working in the Welder Leases from Treydan Corporation and owned 100% of the working interest. As of July 31, 2010, two wells were producing gas and oil from the property. The wells were operated using a gas lift system. A third well was utilized for salt water disposal. The wells have additional proven non-producing zones behind pipe. The Company focuses to develop the proved developed non-producing (PDNP) zones as producing horizons deplete.
South Delhi/Big Creek Field, Louisiana
! On August 24, 2006, the Company entered into an assignment of oil and gas interests purchase agreement with Energy Program Accompany, LLC (the EPA Purchase Agreement). At the time of the acquisition, one of four wells on the Holt lease and the one well on the Strahan lease were producing assets. The lease consists of the Holt Lease, the Strahan Lease and the McKay Lease (no longer owned). The Company owns a 97% working interest and an 81.25% net revenue interest in approximately 136 acres in Franklin Parish, Louisiana (the Holt Lease). As of July 31, 2010, the Company produced oil from the Holt No.�� 10 and 22 wells. The Holt No. 4 and 24 wells were off-line pending workover or offset drilling. The Holt No. 15 well was utilized as a salt water disposal well. Pursuant to the EPA Purchase Agreement, we acquired a 100% working interest and an 81.25% net revenue interest in approximately 40 acres in Richland Parish, Louisiana (the Strahan Lease). As of July 31, 2010, it produced oil from the Strahan No. 1 well. As of July 31, 2010, the Janssen A-1 well produced between 250-300 mcf gas per day and approximately six barrels per day of condensate.
Koliba Lease, Texas
The Koliba Lease property is located near the Company�� Welder lease and has one shut-in oil/gas well. The well previously produced 30 one stock tank barrel (Bbls) oil per day plus water. The well is in close proximity to the Company�� Welder gas sales line and salt water disposal system. The Koliba No. 2 well was drilled June 2010 and found to be slightly down-dip from the No.1 well. The Company elected to plug the No. 2.
Illinois
During the fiscal year ended July 31, 2010, the Company entered into numerous oil and gas leases in Jefferson and other counties in Illinois. As of July 31, 2010, these leases total approximately 2,994 gross acres, pursuant to which the Company has a working interest of 100% and a net revenue interest of 87.5%. It has an additional 1,620 gross acres under lea! se in Ill! inois.
Advisors' Opinion:- [By Bryan Murphy]
The experts have spoken, and investors would do well to listen (and read between the lines). While Hydrocarb Energy Corp. (OTCBB:HECC) may not be poised to become the next Exxon Mobil Corporation (NYSE:XOM), it is poised to follow in the footsteps of Tullow Oil Plc (OTCMKTS:TUWOY) [long story - more on that below]. Perhaps more bullish than anything right now, however, is that other, independent observers are starting to take notice, and think HECC shares could be worth nearly three times as much as where they're trading now within the foreseeable future.
- [By Bryan Murphy]
It may seem trite (and a little dated) on the surface, but Warren Buffett's sage advice stands as tall today as it did the first time her ever said it.... "Be fearful when others are greedy, and be greedy when others are fearful." And, to say investors have been fearful of oil names like Kosmos Energy Ltd (NYSE:KOS), Africa Oil Corp. (CVE:AOI), and Hydrocarb Energy Corp. (OTCBB:HECC) of late would be an understatement. Not only have all three been pressured against a backdrop of plunging oil prices, HECC, KOS, and AOI have been doubly pressured because a big piece of what they do within their oil exploration exploits is done in Africa, where oil's recent volatility has been particularly disruptive. As Buffett� has accurately explained so many times in the past though, trends have a funny way of ending right around the time most investors are certain they'll never end.
5 Best Forestry Stocks To Own For 2014: WhiteWave Foods Co (WWAV)
WWF Operating Company, incorporated on March 14, 1988, is a consumer packaged food and beverage company. The Company manufactures, markets, distributes, and sells plant-based foods and beverages, coffee creamers and beverages, and dairy products throughout North America and Europe. The Company operates in two segments: North America and Europe. The North America segment offers products in the plant-based foods and beverages, coffee creamers and beverages, and dairy product categories throughout North America. Europe segment offers plant-based food and beverage products throughout Europe. The Company is a wholly owned subsidiary of Dean Foods Company (Dean Foods).
The Company�� brands distributed in North America include Silk plant-based foods and beverages, International Delight and LAND O LAKES coffee creamers and beverages, and Horizon Organic dairy products, while its European brands of plant-based foods and beverages include Alpro and Provamel. The Company sell its products to a variety of customers, including grocery stores, mass merchandisers, club stores, and convenience stores, as well as various away-from-home channels, including restaurants and foodservice outlets, across North America and Europe. The Company sells its products in North America and Europe primarily through its direct sales force and independent brokers. The Company utilizes five manufacturing plants, two distribution centers, and three co-packers across the United States. Additionally, it has four plants across Europe in the United Kingdom, Belgium, France, and the Netherlands, each supported by an integrated supply chain.
Advisors' Opinion:- [By Rich Duprey]
So this isn't a case like that of�WhiteWave Foods (NYSE: WWAV ) , which tried to snooker consumers by calling the sugar in its milk the creatively contrived name "evaporated cane juice." Rather, this is a company saying sugar's sugar and telling consumers how much the drink contains -- as the FDA requires it to do -- but it is still facing financial loss regardless.
- [By Jeremy Bowman]
Staying in the food and beverage industry, shares of�WhiteWave Foods� (NYSE: WWAV ) finished up 8% after a strong earnings report this morning. The parent of Silk soy milk and other organic products said sales jumped 36%, to $830.2 million, driven by its acquisition of Earthbound Farms earlier in the quarter. That figure was much better than the $786.9 million Wall Street expected. WhiteWave also posted earnings of $0.22 per share, ahead of estimates at $0.19, and lifted its full-year guidance above expectations to $0.95-$0.98. Finally, the company said it plans to launch a joint venture in China by the end of the year, which should drive profits further. Propelled by the joint venture, tailwinds from growth in organics and its recent acquisition, shares could easily move higher.
- [By Lisa Levin]
The WhiteWave Foods Company (NYSE: WWAV) surged 1.57% to reach a new 52-week high of $31.07. WhiteWave Foods shares have jumped 61.25% over the past 52 weeks, while the S&P 500 index has gained 14.97% in the same period.
5 Best Forestry Stocks To Own For 2014: PLX Technology Inc.(PLXT)
PLX Technology, Inc. designs, develops, manufactures, and sells semiconductor devices worldwide. It offers semiconductor devices, such as PCI express switches that allow aggregation of multi-channel Ethernet, fiber channel, graphics, and SAS cards to the host; PCI express bridges, which allow devices with other standards to be used in systems that need to interoperate with PCI express; and 10G Ethernet over copper PHY devices that provide a seamless migration from the slower connections to the faster ones. The company?s products also include direct attached storage products, which allow external storage to connect to a PC through USB connection; network attached storage products that provide storage to a local area network; PCI bridges consisting of general purpose bridges that translate and extend the PCI bus; and universal serial bus (USB) interface chips, which are used by computer peripherals and consumer products to interoperate through an external cabled connection. Its semiconductor devices accelerate and manage the transfer of data in microprocessor-based systems, including networking and telecommunications, enterprise storage, servers, personal computers (PCs), PC peripherals, consumer electronics, imaging, and industrial products. The company markets its products through direct and indirect sales force, manufacturers, and distributors to electronics manufacturers. PLX Technology, Inc. was founded in 1986 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Seth Jayson]
PLX Technology (Nasdaq: PLXT ) reported earnings on April 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), PLX Technology met expectations on revenues and beat expectations on earnings per share.
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