The Securities and Exchange Commission announced Tuesday that it has awarded more than $14 million to a whistleblower whose information led to an SEC enforcement action that recovered “substantial” investor funds.
The whistleblower program rewards high-quality original information that results in an SEC enforcement action with sanctions exceeding $1 million, and awards can range from 10% to 30% of the money collected in a case.
“Our whistleblower program already has had a big impact on our investigations by providing us with high quality, meaningful tips,” said SEC Chair Mary Jo White, in a statement. “We hope an award like this encourages more individuals with information to come forward.”
The SEC says that the whistleblower, who asked for anonymity, provided original information and assistance that allowed the SEC to investigate an enforcement matter more quickly than otherwise would have been possible. “Less than six months after receiving the whistleblower’s tip, the SEC was able to bring an enforcement action against the perpetrators and secure investor funds,” the agency said.
Best Industrial Disributor Companies To Buy Right Now: Rayonier Inc. REIT(RYN)
Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs. Real Estate segment sells medium and large tracts of land with infrastructure. This segment holds development and rural properties primarily in the southeast United States. Performance Fibers segment manufactures cellulose specialties that are used principally in acetate textile fibers, cigarette filters, rigid packaging, LCD screens, photographic film, impact-resistant plastics, high-tenacity rayon yarn, pharmaceuticals, cosmetics, detergents, food casings, and food products; and absorbent materials that are used in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and nonwoven fabrics. Wood Products segment primarily manufactures and sells dimension lumber used for residential and industrial construction applications. In addition, Rayonier involves in trading and exporting logs, lumber, and wood panel products. As of December 31, 2005, it owned, leased, or managed approximately 2.5 million acres of timberland and real estate. The company has a joint venture with RREEF Infrastructure to own and manage timber lands in New Zealand. Rayonier has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes and would not be subject to federal income tax on its REIT income that it distributes to its shareholders. The company, formerly known as Rainier Pulp & Paper Company, was founded in 1926. Rayonier is headquartered in Jacksonville, Florida.
Advisors' Opinion:- [By Michael Calia]
Among the companies with shares expected to actively trade in Monday’s session are Caterpillar Inc.(CAT), Apple Inc.(AAPL) and Rayonier Inc.(RYN)
- [By Shauna O'Brien]
Shares of Rayonier Inc. (RYN) were up over 11% on Monday morning after the company reported earnings above analysts’ estimates.�
RYN’s Earnings in Brief
RYN reported earnings of $80 million, or 62 cents per share, up from $76 million, or 59 cents per share a year ago. Revenue for the quarter was�$520.2 million, �above analysts’ estimate of $442.36 million. FY2013 earnings were�$372 million, or $2.86 per share, compared to $279 million, or $2.17 per share last year. RYN also announced that it now plans to separate its��from its Forest Resources and Real Estate business. The spin off will result in two separate publicly traded companiesCEO Commentary
Paul Boynton, Chairman, President and CEO commented:�”As part of our strategic planning process, we began in-depth analysis and preparation for the business separation almost two years ago. With an improving U.S. housing market, strong timber export markets, and the successful expansion of our cellulose specialties capacity, we concluded that now is the optimal time to pursue the separation of these two non-integrated businesses.”
�RYN’s Dividend
RYN paid its last quarterly dividend of 49 cents on December 31. The company is expected to declare its next dividend sometime in February.
Stock Performance�
Rayonier shares were up $4.57, or 11.10% during pre-market trading Monday. The stock is down 2% YTD.
- [By Jake L'Ecuyer]
Rayonier (NYSE: RYN) was also up, gaining 6.78 percent to $43.97 after the company reported Q4 results and announced its plans to separate into two public companies.
- [By Ben Levisohn]
Timber! Shares of Rayonier (RYN) are tumbling like a felled tree after the timber real-estate investment trust missed earnings forecasts this morning, leading to downgrades from at least three investment banks.
Jim CarltonRayonier reported a profit of 44 cents, below forecasts for a 46 cent profit, while revenue came in at $384.8 million, well below estimates for $422 million.
Deutsche Bank’s Mark Wilde and team cut Rayonier from Hold to Sell. They explain why:
While recent commentary around RYN�� timberland and real estate operations has been quite encouraging, outlook for its Cellulose Specialties business (accounts for 72% of segment EBIT) suggests significant downside risks ahead. RYN said recent contract negotiations suggest a drop in 2014 cellulose specialties (CS) prices and slower transition to CS. Beyond lower cashflows, a sharp price drop could dampen bullish ��pecialty chemicals��valuations that have been floated for the segment. Pick-up in timber & real estate markets may mitigate some downside pressure on stock, but they won�� eliminate it.
Raymond James analyst Collin Mings and slashed their rating on Rayonier to Market Perform from Strong Buy:
We are lowering our rating on Rayonier to Market Perform from Strong Buy as we expect concerns over a slower-than-expected ramp in incremental specialty-grade dissolving pulp sales volumes and 2014 specialty-grade dissolving pulp price negotiations will prove to be a near-term headwind for RYN shares. Longer-term, we continue to believe its cellulose specialties expansion (CSE) project sets the foundation for significant cash flow (and dividend) growth. We remain attracted to the multi-year growth prospects of this business and the barriers-to-entry competitors face to gaining meaningful market share over a sustained period. However, commentary on yesterday�� conference call made it clear that the timeline for Rayonier to realize the full benefits o
Top 10 Quality Companies To Own In Right Now: DAQQ New Energy Corp.(DQ)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon in China. The company sells its polysilicon to photovoltaic product manufacturers for use in the processing of ingots, wafers, cells and modules for solar power solutions. It also produces and sells mono-crystalline and multi-crystalline modules to photovoltaic system integrators and distributors in China and internationally under its Daqo brand. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is headquartered Wanzhou, the People?s Republic of China.
Advisors' Opinion:- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
Top 10 Quality Companies To Own In Right Now: Kazakhmys PLC (KAZ)
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper. It is engaged in the production of copper and other metals as by-products, including zinc, silver and gold, and power generation. The Company�� segments are Kazakhmys Mining, which is engaged in the exploration, evaluation, development, mining and processing of mineral resources and sale of the metal products; MKM, which operates in Germany, where it manufactures copper and copper alloy semi-finished products; Kazakhmys Power, which operates in Kazakhstan, and consists of its captive power stations, the Ekibastuz GRES-1 coal-fired power station joint venture, and Kazakhmys Petroleum business, which holds a license to conduct oil and gas exploration and development activity in the East Akzhar Exploration Block in western Kazakhstan. In May 2011, the Company completed the disposal of the small Maikuben West coal mine. Advisors' Opinion:- [By Sarah Jones]
Kazakhmys Plc (KAZ) tumbled 13 percent to 233.7 pence after the founders of Eurasian Natural Resources Corp. (ENRC) and the Kazakhstan government offered to buy ENRC with cash and Kazakhmys shares in a bid that values the company at 3.04 billion pounds ($4.7 billion). ENRC slid 1.4 percent to 213.8 pence.
- [By Alexis Xydias]
Kazakh miners ENRC (ENRC) and Kazakhmys Plc (KAZ) slid 3.7 percent to 204 pence, and 2.4 percent to 258.7 pence, respectively, as the FTSE 350 Mining Index fell for the third time this week. African Barrick Gold Plc tumbled 7.7 percent to 96 pence, a record low.
Top 10 Quality Companies To Own In Right Now: GTT Communications Inc (GTT)
GTT Communications, Inc., formerly Global Telecom & Technology, Inc., incorporated on January 3, 2005, is a global network integrator providing a portfolio of Wide-Area Network (WAN), dedicated Internet access and managed data services. The Company combines multiple networks and technologies, such as traditional OC-x, MPLS and Ethernet, to deliver solutions designed for each client�� requirements. The Company improves its client performance through its Client Management Database (CMD), providing customers with an integrated support system for all of their services. It is provides solutions, project management and 24x7 global operations support. In May 2012, the Company acquired nLayer Communications Inc. In April 2013, Neutral Tandem Inc acquired the global data services business of Global Telecom & Technology Inc.
The Company�� global operations consist of two parts: global customer operations, and global network operations and engineering. Customer operations include project management and development of its CMD system. Global project management assures the implementation of a customer services after the sale. Network operations and engineering consists of global Network Operations Center (NOC) and Engineering and Information and Communications Technology (ICT). The NOC receives, prioritizes, tracks and resolves network outages or other customer needs, along with provisioning and testing of services. Engineering provides support for the NOC and the sales team, as well as carrying out all provisioning for GTT Network Services. ICT manages all internal desktop, and network and server infrastructure.
The Company competes with Level 3, Qwest, KPN, XO Communications, COLT, Verizon Business, AT&T, British Telecom, NTT and Deutsche Telekom.
Advisors' Opinion:- [By The GeoTeam]
This brings us to Global Telecom (GTT), a company that provides customers with innovative connectivity solutions by utilizing its own network assets.
Top 10 Quality Companies To Own In Right Now: Morgan Stanley(MS)
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. It operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. The Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, and leveraged buyouts and takeover defenses, as well as shareholder relations, capital raising, corporate lending, and investments. This segment also engages in sales, trading, financing, and market-making activities, including equity trading, commodities, and interest rates, credit, and currencies, as well as financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services. The Global Wealth Management Group segment provide s brokerage and investment advisory services covering various investment alternatives comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs; education savings programs, financial and wealth planning services, and annuity and insurance products; credit and other lending products; cash management services; retirement services; and trust and fiduciary services. The Asset Management segment offers products and services in equity, fixed income, and alternative investments, such as hedge funds, fund of funds, real estate, private equity, and infrastructure to institutional and retail clients through proprietary and third party distribution channels. This segment also involves in investment and merchant banking activities. The company was founded in 1935 and is headq uartered in New York.
Advisors' Opinion:- [By Tim Brugger]
The final regulatory approvals needed for Morgan Stanley (NYSE: MS ) to complete its acquisition of Morgan Stanley Smith Barney Holdings (MSSBH) from Citigroup (NYSE: C ) -- it currently holds a 65% ownership position -- have been received, Morgan Stanley said in a statement today.
- [By Amanda Alix]
With employment up 11% from the dark days of 2008, American banks are scarfing up talented employees from the streamlining Brits. The cream of the crop�seems to be hailing from Royal Bank of Scotland (NYSE: RBS ) , from which B of A Merrill Lynch, Citi, and Morgan Stanley (NYSE: MS ) have all appropriated former operatives.
- [By John Maxfield]
In response, I would say: Consider the source. Stockbrokers like Schwab, Morgan Stanley (NYSE: MS ) , E*TRADE� (NASDAQ: ETFC ) , and to a lesser extent, Bank of America's (NYSE: BAC ) Merrill Lynch make money on trading commissions. And as day traders, their bread and butter customers, come to terms with their complete competitive disadvantage, they will presumably trade less.
- [By Alexandra Scaggs]
So far this quarter, companies that beat Wall Street�� profit estimates have outperformed the broader market by 3.5%, according to Adam Parker, Morgan Stanley(MS)�� top U.S. stock-market strategist. Those that missed earnings estimates lagged the market by 4.5%. In contrast, over the past five years, companies that beat forecasts outperformed by an average of 1.6%, according to Thomson Reuters, while those that missed underperformed by 3.4%.
Top 10 Quality Companies To Own In Right Now: Weingarten Realty Investors(WRI)
Weingarten Realty Investors operates as a real estate investment trust (REIT). The company engages in the management, acquisition, and development of real estate. It operates in two segments, Shopping Center and Industrial. The Shopping Center segment engages in the acquisition, development, and management of real estate, primarily anchored neighborhood and community shopping centers located in Texas, California, Louisiana, Arizona, Nevada, Arkansas, New Mexico, Oklahoma, Tennessee, Kansas, Colorado, Missouri, Illinois, Florida, North Carolina, Mississippi, Georgia, Utah, Kentucky, and Maine. Its customer base includes supermarkets, discount retailers, drugstores, and other retailers. The Industrial segment engages in the acquisition, development, and management of bulk warehouses and office/service centers. Its properties are located in Texas, Nevada, Georgia, Florida, California, and Tennessee. As of June 30, 2005, Weingarten Realty Investors owned or operated under long -term leases, directly or through its interest in joint ventures or partnerships, a total of 350 developed properties and 3 properties that are in various stages of development. Its properties include 294 shopping centers and 59 industrial properties. Weingarten Realty Investors qualifies as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. The company was founded in 1948 and is based in Houston, Texas.
Advisors' Opinion:- [By Marc Bastow]
Shopping center real estate investment trust (REIT) Weingarten Realty (WRI) raised its quarterly dividend 6.6% to 32.5 cents per share, payable March 14 to shareholders of record as of March 6.
WGI Dividend Yield: 4.32%
Top 10 Quality Companies To Own In Right Now: Konsortium Transnasional Bhd (KTB)
Konsortium Transnasional Berhad (KTB) is principally involved in investment holding. The Company, along with its subsidiaries, is engaged in the provision of public bus transportation comprising stage and express bus operations within Peninsular Malaysia. The Company operates in two segments: public transportation services, which is engaged in the provision of stage and express bus services across Peninsular Malaysia, and trading of vehicles, which through its subsidiary, PT Indonadi, is involved in the activity of trading of buses in Indonesia. The public transportation services segment includes revenue from the rental and charter of buses to third parties. Some of its wholly owned subsidiaries include Syarikat Kenderaan Melayu Kelantan Berhad, Syarikat Tanjung Keramat Temerloh Omnibus Berhad, Kenderaan Langkasuka Sdn. Bhd., Kenderaan Klang Banting Berhad, Kenderaan Labu Sendayan Sdn. Bhd., Starise Sdn. Bhd. and Syarikat Rembau Tampin Sdn. Bhd. Advisors' Opinion:- [By Anuchit Nguyen]
The SET Index, which rose 328 percent from October 2008 to this year�� high on May 21, has since dropped 13 percent through yesterday as shares of Krung Thai Bank Pcl (KTB) and billionaire Dhanin Chearavanont�� CP All Pcl (CPALL) tumbled. Stock swings in Thailand have almost tripled in the past six months while trading volumes fell 52 percent, the most among 45 emerging and developed markets.
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