DryShips (NASDAQ: DRYS ) reported fiscal third-quarter results Wednesday night that blew away estimates. But things weren't as good as they seemed, even as shares rose in after-hours trading.
Revenue�jumped 49%�to $602 million, and adjusted earnings per diluted share were�$0.07, compared with a loss in the year-ago period. Analysts were looking for just $533 million in revenue and adjusted EPS of $0.05.� So far, so good -- but in the shipping business, DryShips disappointed, and disappointed badly.
Don't let the operating profit fool you
I've explained it before, and I'll explain it again: DryShips owns a majority stake in Ocean Rig UDW (NASDAQ: ORIG ) . As such, it reports both companies on its financial statements mixed together. CEO George Economou put it well back during the August conference call when he stated, "I would like to clarify for everyone, once again, that DryShips is a pure shipping company with predominantly spot charter market exposure in 2014 and beyond and a majority stake in Ocean Rig, which operates as the deepwater drillships."
Best Telecom Companies To Invest In Right Now: Retail Properties of America Inc (RPAI)
Retail Properties of America, Inc., formerly Inland Western Retail Real Estate Trust, Inc., incorporated on March 5, 2003, is a fully integrated, self administered and self-managed real estate company that owns and operates shopping centers. The Company is an owner and operator of shopping centers in the United States. As of December 31, 2011, its retail operating portfolio consisted of 259 properties with approximately 3.6 million square feet of gross leasable area (GLA), was diversified across 35 states and includes power centers, community centers, neighborhood centers and lifestyle centers, as well as single-user retail properties. The Company�� retail properties are located in retail districts. In August 2012, the Company sold a 1.04-million-square-foot Cost Plus Distribution Center in Stockton. In September 2012, it disposed 13 former Mervyns locations. In October 2012, it sold 18 non-core and non-strategic assets.
The Company�� shopping centers are anchored or shadow anchored by a grocer, discount department store, wholesale club or retailer that sells basic household goods or clothing. national and regional grocers, discount retailers and other retailers that provide household goods or clothing, including Target, TJX Companies, PetSmart, Best Buy, Bed Bath and Beyond, Home Depot, Kohl��, Wal-Mart, Publix and Lowe��. As of December 31, 2011, over 90% of its shopping centers, based on GLA, were anchored or shadow anchored by a grocer, discount department store, wholesale club or retailers that sell basic household goods or clothing. As of December 31, 2011, it had a retail tenant base that includes approximately 1,500.
Advisors' Opinion:- [By Ant贸nio Costa]
Retail Properties of America Inc (NYSE: RPAI) has been in an impressive rebound since the lows of August and the stock price action continues to become Bullish. However, RPAI has run into the downtrend line resistance again and this could lead to a brief period of sideways consolidation or price correction from current levels. On watch.
- [By Eric Volkman]
Retail Properties of America (NYSE: RPAI ) isn't keeping all of its rent money for itself. The company has declared a new set of quarterly dividend payments for its shareholders. Holders of all classes of the REIT's common stock will receive $0.165625 per share on July 10 if they're in possession of those shares as of June 28. The firm will also dispense $0.4375 per share of its 7.00% series A cumulative redeemable preferred stock on July 1 to shareholders of record as of June 20.
Top Financial Stocks To Watch Right Now: Universal American Corp (UAM)
Universal American Corp., incorporated on December 22, 2010, through its health insurance and managed care subsidiaries, primarily serves the growing Medicare population by providing Medicare Advantage products. It provides a variety of healthcare services, including case management and care coordination, clinical quality and utilization review and behavioral health services to Medicaid agencies and other third parties. The Company�� business segments include Senior Managed Care, which provides Medicare Advantage segment reflects its Medicare Advantage HMO, PPO and PFFS businesses, and Traditional Insurance segment reflects its insurance products not offered through government programs, which includes Medicare supplement, other senior health insurance, specialty health insurance and life insurance. The Company provides medical management services, information and analysis, and other support services to enable its health care partners to serve their patients better.
In addition , it seeks an opportunity to address the high cost of health care for the remaining 75% of the Medicare population enrolled in traditional fee-for-service Medicare and have joined primarily with primary-care and multi-specialty provider groups to form thirty-one Accountable Care Organizations, or ACOs, pursuant to the Medicare Shared Saving Program, or Shared Savings Program.
On March 2, 2012, the Company acquired APS Healthcare, Inc., known as APS Healthcare. APS Healthcare provides specialty healthcare solutions primarily to Medicaid agencies. APS Healthcare offers a broad range of healthcare solutions, including case management and care coordination, clinical quality and utilization review, and behavioral health services that enable its customers to improve the quality of care and reduce healthcare costs.
Senior Managed Care - Medicare Advantage
The Company�� Senior Managed CareMedicare Advantage segment reflects its Medicare Advantage HMO, PPO and PFFS bu! sinesses.. During the year ended December 31, 2012, the Company operated Medicare coordinated care plans including PPOs and HMOs as well as its network-based private fee-for-service (PFFS) and rural PFFS business, which provides coverage to Medicare beneficiaries in 36 states. These businesses provide managed care for persons with Medicare under contracts with CMS. Its HMO plans are offered under contracts with CMS and provide all basic Medicare covered benefits with reduced member cost-sharing as well as additional supplemental benefits, including a defined prescription drug benefit. It operates HMO plans are offered under contracts with CMS and provide all basic Medicare covered benefits with reduced member cost-sharing as well as additional supplemental benefits, including a defined prescription drug benefit. It also has Medicare Advantage HMO operations in locations outside of Southeastern Texas including four counties in North Texas offering TexasFirst Health Plans through SelectCare Health Plans; nine counties in Oklahoma City offering Generations Healthcare through Today's Options of Oklahoma, Inc; and three counties in Indianapolis, Indiana offering Today's Options HMO through SelectCare Health Plans.
The Company�� PPO plans are provided under the name Today's Options PPO, which offered under contracts with CMS and provide all basic Medicare covered benefits with reduced member cost-sharing as well as additional supplemental benefits, including a defined prescription drug benefit. This coordinated care product is built around contracted networks of providers who, in cooperation with the health plan, coordinate an active medical management program. In 2012, the Company offered PPO plans to 41 markets in 120 counties in 17 states.
The Company�� PFFS plans are provided under the name Today's Options, which offered under contracts with CMS and provide enhanced health care benefits compared to traditional Medicare, subject to cost sharing and other limitations. These pl! ans have l! imited provider network restrictions, which allow the members to have more flexibility in the delivery of their health care services than other Medicare Advantage plans with limited provider network restrictions. Some of these products include a defined prescription drug benefit. In addition to a fixed monthly payment per member from CMS, individuals in these plans may be required to pay a monthly premium in selected counties or for selected enhanced products. In 2012, it offered PFFS products in a total of 36 states, which included PFFS products with network restrictions to 51 markets in 280 counties in 18 states and PFFS products without network restrictions to 1,052 counties in 32 states.
Traditional Insurance
The Company�� traditional insurance segment reflects the results of its Medicare supplement, other senior health insurance, specialty health insurance, and life insurance. It designed the products in this segment primarily for the senior market and market them through its career agency force and its network of independent general agencies. The Company discontinued marketing and selling traditional insurance products after June 1, 2012. This segment also includes other products that it stopped selling several years ago, such as long-term care, medical insurance and disability insurance, as well as previously produced or acquired term, universal life, and whole life insurance products and single and flexible premium fixed annuities.
The Company competes with United Healthcare, Humana, Wellpoint, Aetna and Cigna
Advisors' Opinion:- [By Brian Orelli]
Health insurers such as Universal American (NYSE: UAM ) and Humana (NYSE: HUM ) that offer supplementary Medicare insurance could be hurt if seniors decided to drop the added coverage, but I doubt the increased premiums will put a major dent in seniors' budgets. Retirees making more than $85,000 per year will have to pay about $250 more per year than they do right now. Any losses will be more than be made up for by the�Centers for Medicare and Medicaid Services' decision this month to reverse its �previously announced cuts to reimbursement rates.
Top Financial Stocks To Watch Right Now: Commerce Bancshares Inc.(CBSH)
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank, N.A. that provides various general banking services to individuals and businesses. It operates in three segments: Consumer, Commercial, and Wealth. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, consumer debit and credit bank card activities, and student lending. The Commercial segment provides various corporate lending, merchant and commercial bank card products, leasing, and international services, as well as business and government deposit and cash management services. The Wealth segment offers traditional trust and estate tax planning services, brokerage services, and advisory and discretionary investment portfolio management services to personal and institutional corporate customers. This segment also manages a family of proprietary mutual funds, which are available for sale to trust and general retail customers. The comp any, through its other non-banking subsidiaries, involves in underwriting credit life and credit accident, and health insurance; selling property and casualty insurance; private equity investment; securities brokerage; mortgage banking; and leasing activities. It serves customers through a network of branches and ATM machines, online banking, and a central contact center from approximately 370 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado. Commerce Bancshares, Inc. was founded in 1966 and is headquartered in Kansas City, Missouri.
Advisors' Opinion:- [By John Maxfield]
Bank investors got their first glimpse of what first-quarter earnings might look like today when Commerce Bancshares (NASDAQ: CBSH ) reported its results. Shares of the Kansas City-based bank are trading sharply lower after its earnings per share fell by 4.3% on a year-over-year basis.
- [By BLOGS.BARRONS.COM]
Commerce Bancshares: Davidson likes the mid-sized bank because of its conservative business model. Commerce Bancshares�(CBSH) has been a�victim of the low interest rate environment according to Davidson. ��heir net interest margin has been under pressure and earnings have been a little light versus expectations.��The stock is down a little more than 2% this year. ��heir conservative asset mix is what led to the shortfall, that�� music to our ears.���/p>
Top Financial Stocks To Watch Right Now: Manning & Napier Inc (MN)
Manning & Napier, Inc., incorporated on June 22, 2011, is an independent investment management firm. The Company provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds. The Company offers equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. The Company focuses on building an internal organization of specialists to provide additional consultative services beyond investment management. Effective June 2014, Manning & Napier Inc acquired 2100 Xenon Group LLC.
The Company serves clients, including individuals and institutions, which include 401(k) plans, pension plans, Taft-Hartley plans, and endowments and foundations. The Company�� operations are based principally in the United States. The Company�� operating subsidiaries include Manning & Napier Advisors, LLC, Exeter Advisors, LLC, Manning & Napier Investor Services, Inc., Manning & Napier Alternative Opportunities, LLC and Exeter Trust Company.
Advisors' Opinion:- [By Michael Hamlett Jr.]
Manning and Napier Inc. (MN) is an investment management firm involved in providing financial solutions for individual and institutional clients. Since 1970, MN has been offering portfolios with different asset classes, such as equity and fixed income, to clients with various accounts including seperately managed accounts, 401(k) plans, pension plans, endowments, and even foundations. For these services, clients pay a fee, and this is the way MN generates revenue.
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