Paychex (PAYX) reported its second quarter results before the opening bell on Friday morning, posting higher revenue and earnings compared to last year’s Q2 figures.
PAYX’s�Earnings in Brief
Paychex reported second quarter revenues of $676.3 million, which is up from last year’s Q2 revenues of $616.4 million. Net income for the quarter came in at $173 million, or 47 cents per diluted share, up from last year’s Q2 figures of $158.7 million, or 43 cents per diluted share. The company�� earnings met analysts’ estimates of 47 cents per share, while revenues came in above the expectation of $672.61 million. Looking ahead, PAYX has reaffirmed its FY2015 guidance, and still sees revenue rising between 8% and 10%, and sees net income rising between 6% and 8%.CEO Commentary
Top Growth Companies To Watch In Right Now: Turkish Investment Fund Inc (TKF)
The Turkish Investment Fund, Inc. (the Fund), incorporated on September 27, 1988, is a non-diversified, closed-end management investment company. The Fund�� investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish corporations. Its portfolio includes Turkish common stocks and short-term investments.
The Fund invests in industries, such as automobiles, beverages, commercial banks, construction materials, diversified financial services, real estate and wireless telecommunication services. The Fund�� investment advisor and administrator is Morgan Stanley Investment Management Inc.
Advisors' Opinion:- [By Dan Caplinger]
Liquidity can be an even bigger concern among alternatives to ETFs. The closed-end Turkish Investment Fund (NYSE: TKF ) has been even more volatile than the Turkish stock market, as the limited availability of closed-end fund shares produces even greater disparities between net asset value and share price. Yesterday, the Turkish closed-end traded at a 13% discount to net asset value, but that discount has moved in a wide range between 6% and 15% at various points during the past year, with some of the biggest discounts coming on days of heightened activity among protesters.
Top 5 Gas Utility Stocks To Invest In 2014: Fuel Systems Solutions Inc.(FSYS)
Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation markets worldwide. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of fuel delivery components, including pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls comprising solid-state components and proprietary software that monitor and optimize fuel pressure and flow for engine requirements; and gaseous fueled internal combustion engines that are integrated with its fuel delivery and electronic controls. It also provides systems integration support and engineering services to integrate the gaseous fuel storage, fuel delivery, and/or electronic control c omponents and sub-systems; auxiliary power systems for truck and diesel locomotives; and natural gas compressors and refueling systems for light and heavy duty refueling applications. In addition, the company designs, assembles, and markets ancillary components for systems operation on alternative fuels. It sells its transportation products primarily to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets; and industrial products principally to manufacturers of industrial mobile equipment and stationary engines through a network of distributors and dealers, as well as through a sales force that develops sales with distributors, original equipment manufacturers, and end-users. Fuel Systems Solutions, Inc. was founded in 1958 and is based in New York, New York.
Advisors' Opinion:- [By David Goodboy]
Another top company in the alternative-to-gasoline space is Fuel Systems Solutions (Nasdaq: FSYS).
Fuel Systems specializes in components and system controls that manage the pressure of fuels such as propane and natural gas. Launched in 1958, the New York-based company is far from a startup. It boasts a $400 million plus market cap, a price-to-sales ratio of 1.0 and a price-to-book ratio of 1.3.
- [By Monica Gerson]
Fuel Systems Solutions (NASDAQ: FSYS) is estimated to report its Q2 earnings at $0.02 per share on revenue of $89.53 million.
China Mobile Games and Entertainment Group (NASDAQ: CMGE) is projected to report its Q2 earnings at $0.21 per share on revenue of $43.60 million.
- [By Lisa Levin]
Fuel Systems Solutions (NASDAQ: FSYS) shares reached a new 52-week low of $10.735 after the company reported downbeat Q4 results.
China Ceramics Co (NASDAQ: CCCL) shares fell 2.40% to touch a new 52-week low of $1.63. China Ceramics shares have dropped 35.27% over the past 52 weeks, while the S&P 500 index has gained 19.70% in the same period.
Top 5 Gas Utility Stocks To Invest In 2014: Apollo Global Management LLC(APO)
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to pension and endowment funds, institutional investors, individual investors, pooled investment vehicles, and corporations. It manages client focused portfolios, hedge funds, real estate funds, and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its alternative investments include investment in private equity and real estate markets. The firm's private equity investments include traditional buyouts, distressed buyouts and debt investments, corporate partner buyouts, distressed asset, turnaround, corporate restructuring, special situation, acquisition, and industry consolidation transactions. Its fixed income investments include distressed debt, senior bank loans, and value oriented fixed income securities. The firm seeks to invest in chemicals; commodities; consumer and retail; oil an d gas, metals, mining, agriculture, commodities, distribution and transportation; financial and business services; manufacturing and industrial; media distribution, cable, entertainment, and leisure; energy, packaging and materials; and satellite and wireless. It seeks to invest in companies based in across North America with a focus on United States, and Europe. The firm employs a combination of contrarian, value, and distressed strategies to make its investments. It conducts an in-house research to create its investment portfolio. The firm seeks to acquire minority positions in its portfolio companies. Apollo Global Management, LLC was founded in 1990 and is headquartered in New York, New York with nine additional offices in North America, Europe, and Asia.
Advisors' Opinion:- [By Will Ashworth]
As for the other stocks in the portfolio, you can’t ignore the performance of both Apollo (APO) and ITT Corp. (ITT).
It’s been a busy year for private equity firm Apollo Global Management, which got the Twinkie back on grocery store shelves in July. Carried interest income more than doubled in the first six months of the year to $1.4 billion.
- [By WWW.DAILYFINANCE.COM]
Stew Milne/AP Considering that it's largely a brick-and-mortar retailer in a world that's buying more goods online, PetSmart (PETM) has posted some very good fundamentals recently. Given that, it might be a tempting stock for an investor to own. But it's not going to be on the market much longer. Under pressure from some of the private equity firms that own big chunks of it, the company has solicited bids for a sale, which will end its time as a stand-alone, publicly traded entity. Its venture into private waters is the latest in a series of such deals so far this year. Here's a look at several other companies that took (or are taking) themselves off the market in 2014. CEC Entertainment Even during its time on the high-visibility New York Stock Exchange, CEC Entertainment was not a familiar name. But the company's key property, the Chuck E. Cheese chain of hyperactive-themed restaurants aimed at kids, has been a well-known brand for years. That might be why CEC Entertainment and financial adviser Goldman Sachs (GS) were able to find a wealthy buyer so quickly after announcing their intention to go private this past January. A mere week after that came to light, investment management firm Apollo Global Management (APO) offered $950 million plus roughly $370 million in debt assumption for the company. As that offer represented an amount 25 percent or so higher than the stock's most recent closing price, CEC Entertainment readily accepted, and the deal closed in February. The company is probably better off in Apollo's arms. Chuck E. Cheese's one-stop dining and entertainment model is looking a bit creaky next to the many options for fun available to 21st-century kids. At the time of the deal's announcement, the company's results were sagging, with sales and net profit both declining in recent periods. Going private -- well, semi-private, as Apollo is a publicly traded entity -- reduces the pressure for the company to return to growth right away, and give
- [By Hibah Yousuf]
CEC Entertainment, (CEC) the owner of Chuck E. Cheese, announced that private equity firm Apollo Global Management (APO) was buying it for $1.3 billion.
- [By David Hanson and Matt Koppenheffer]
Private equity firm Apollo Global Management (NYSE: APO ) has reported first-quarter earnings, with profit up 72% to $792. However, this is an industry full of volatility, and there's a lot to understand here before jumping in. Where should investors be looking? In this video, Fool financial analysts David Hanson and Matt Koppenheffer discuss some of the key metrics involved in understanding the private equity business and compare some of the biggest players in this space.
Top 5 Gas Utility Stocks To Invest In 2014: Enbridge Inc(ENB)
Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company?s Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers primarily in central and eastern Ontario, northern New York State, Quebec, and New Brunswick. Enbridge?s Gas Pipelines, Processing and Energy Services segment invests in natural gas pipelines, processing and green energy projects, and commodity marketing businesses, as well as performs commodity storage, transport, and supply management services. Its Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines, as well as transports, gathers, processes, and markets natural gas and NGLs; operates a crude oil and liqui ds pipeline and gathering system; and owns a 50% interest in the Canadian portion of Alliance Pipeline and partial interests in various green energy investments. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Dan Caplinger]
Energy has also held the Canadian economy back, with challenges hampering the potential growth in the industry. Enbridge (NYSE: ENB ) and TransCanada, for instance, both have huge opportunities to capitalize on prospective new pipelines, yet environmental concerns haven't allowed the companies to work as quickly as they might otherwise to build out energy-transportation infrastructure for hard-to-reach production areas.
- [By Dan Caplinger]
Still, Enerplus faces several challenges. In the Bakken, EOG Resources (NYSE: EOG ) still has a huge cost advantage over Enerplus in terms of well costs, spending a third less on its Bakken wells than Enerplus. In addition, although Enbridge (NYSE: ENB ) and Plains All American (NYSE: PAA ) have helped increase the availability of rail transport to help get energy products out of the region, the additional costs involved still keep Enerplus from realizing the full value of its oil and gas.
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