M&T Bank (MTB)
Warren Buffett has oft remarked of Berkshire's ownership of the jewelers Borsheim's Fine Jewelry, Helzberg Diamonds and Ben Bridge Jewelers, "...if you don't know jewelry, know the jeweler." The same could be applied to Buffett's views on banking and bankers. The list of Warren Buffett's favorite bankers - and it's a short list to be sure ��include the likes Jamie Diamond (J.P. Morgan Chase), Dick Kovacevich (Wells Fargo/Norwest) and Brian Moynihan (Bank of America). Of these three, Berkshire owns multi-billion stakes in both Wells Fargo ($20 billion) and Bank of America ($5 billion 6% preferred and 700 million warrants ��warrant strike price $7.14, current share price $14.) Berkshire also owns a $3 billion stake in U.S. Bancorp.
(We sold our holdings of U.S. Bancorp in the fall of 2011 ��please don't look at a recent stock chart.) Wells Fargo/Norwest is a former holding of ours as well. Buffett also owns shares of J.P. Morgan in his personal account. As notable as each of these heavyweight CEOs may be, their banking accomplishments pale in comparison to Buffett's and Berkshire's earliest bank investments.
Top Warren Buffett Stocks To Own Right Now: CTC Media Inc.(CTCM)
CTC Media, Inc., together with its subsidiaries, operates as an independent media company. It operates the CTC, Domashny, and Peretz television networks in Russia. The company also operates Channel 31, a television network in Kazakhstan, as well as a television channel in Moldova offering entertainment programming. In addition, it is involved in in-house production operations that focus on series, sitcoms, and shows. CTC Media, Inc. was founded in 1989 and is headquartered in Moscow, the Russian Federation.
Advisors' Opinion:- [By James Brumley]
If they want in, it might be a lead worth following.
CTC Media (CTCM)CTCM Dividend Yield: 8.2%
When tensions between Russia and Ukraine first began to develop in early March, most Russian stocks tanked. Russian broadcast television company CTC Media (CTCM) was no exception, with its stock losing 19% of its value in March alone, on top of the 24% dip that had whacked CTCM stock from the beginning of the year through the end of March.
Top Warren Buffett Stocks To Own Right Now: Belmont Resources Inc (BEA)
Belmont Resources Inc. (BEA), incorporated in 1978, is primarily engaged in the acquisition, exploration and development of resource properties. The Company is a uranium exploration and development company with key projects located in the Central Mineral Belt of Labrador, the Uranium City region of Northern Saskatchewan and the Reindeer / Wollaston Lake area bordering the Athabasca Basin of Northern Saskatchewan. BEA is focused on the development of these projects through joint venture agreements with other uranium companies. The Company�� properties include Saskatchewan property, Crackingstone and Orbit Lake, Labrador property, Tolmie property, Larder Lake property and Red Lake properties.
The Crackingstone and Orbit Lake claim comprises approximately 750 hectares in the Northern Mining District, Crackingstone River area, adjacent to JNR Resources Inc. (JNN) Crackingstone Project. BEA together with International Montoro Resources Inc. has signed an agreement in April and August 2006, to acquire 100% interest in three claim blocks (126 units approx. 4000 hectares (ha) in the Central Mineral Belt Uranium District, Labrador. Belmont's 64 unit (1024 ha) James Bay Lowlands property is located in north central Tolmie Township, Porcupine Mining Division, Ontario. Belmont also owns 100% interest in four claims (272 hectares) in Beatty Township, Larder Lake Mining Division, Northeastern, Ontario approx. 80 kilometer ENE from the city of Timmins. BEA and Montoro Resources Inc. have acquired 100% interest in two claim blocks (46 units) in the Red Lake Mining Camp: Bateman & Shaver Townships.
Advisors' Opinion:- [By Staff at Investopedia.com]
Making the Comparison
Gross domestic product figures can be released on a monthly or quarterly basis. For the United States, the Bureau of Economic Analysis (BEA), a branch of the US Commerce Department, releases final quarterly domestic figures—along with additional advanced or preliminary figures toward the end of each month. This report can also be released in either real or nominal conditions, the former being adjusted for the effects of inflation. The BEA also releases its GDP price index that has been used in competition with both consumer price index (CPI) and the personal consumption expenditures deflator as a gauge of consumer inflation.
Top 5 Forestry Stocks To Buy For 2015: Solera Holdings Inc.(SLH)
Solera Holdings, Inc., together with its subsidiaries, provides software and services to the automobile insurance claims processing industry. The company offers estimating and workflow software to manage the overall claims process, estimate the cost to repair a damaged vehicle, and calculate the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that manages inventories in order to facilitate the location, sale, and exchange of vehicle parts for use in the repair of a damaged vehicle. It also provides business intelligence and consulting services that enable insurance companies to monitor and assess their performance through customized data, reports, and analyses; and leases hardware products for use with its software, training, and call center technical support services. In addition, the company offers various services that allow its customers to access operational and technical support in times of high demand following natural disasters; and used vehicle validation, fraud detection software and services, and disposition of salvage vehicles. Further, it provides products and services for accessing information on the United Kingdom registered vehicles to private car buyers, car dealers, finance houses, and the insurance industry; data analytics to insurance companies and brokers in the Netherlands; and an electronic exchange for the purchase and sale of vehicle replacement parts in Brazil and Mexico. The company primarily serves insurance companies, collision repair facilities, independent assessors, and automotive recyclers in North America, Central and South America, Europe, the Middle East, Africa, Asia, Australia, and the Netherlands. Solera Holdings, Inc. was founded in 1966 and is headquartered in Westlake, Texas.
Advisors' Opinion:- [By Patricio Kehoe]
The firm is currently Zacks Rank # 3 - Hold, and it also has a longer-term recommendation of ��utperfom�� For investors looking for a Zacks Rank # 1 ��Strong Buy, Dealertrack Technologies Inc (TRAK), Open Text Corporation (OTEX), Pegasystems Inc. (PEGA) Solera Holdings (SLH) or Ultimate Software Group Inc. (ULTI) could be the options.
- [By Rich Smith]
Westlake, Texas-based Solera Holdings (NYSE: SLH ) describes its business strategy as "Leverage, Diversify, and Disrupt." That sounds like a noisy strategy, but so far, the maker of software for the automotive insurance industry is keeping quiet as a mouse about the details.
Top Warren Buffett Stocks To Own Right Now: Montalvo Spirits Inc (TQLA)
Montalvo Spirits Inc., incorporated on November 18, 2010, is a development-stage company. The Company develops, markets and distributes alcoholic beverages with initial offering being the Montalvo Tequila, primarily in the United States. The Company sells its products through a network of spirits distributors, who are licensed to distribute alcoholic beverages throughout the United States. The Company intends to focus on growing the market share of its initial products, the ultra-premium Montalvo line of tequilas, whose expressions include Plata, Reposado, Anejo and Extra-Anejo. The Company owns the Montalvo brand trademark and have exclusive worldwide master distribution rights to the brands.
The Company�� portfolio of alcoholic beverage brands includes additional spirits categories, as well as beer and wine, through additional importation and distribution contracts of existing brands. In addition, the Company may choose to develop new brands or acquire existing companies with their own brand portfolios. The Company�� subsidiary, Casa Montalvo, has an exclusive worldwide distribution agreement with Destilidora Huerta Real, S.A. de C.V., the producers of Montalvo Tequila. Montalvo, an ultra-premium tequila brand, is a handcrafted, formulated tequila produced from blue agave plants from the Lowlands of Jalisco, Mexico. Montalvo is available in four expressions: Plata, Reposado, Anejo and Extra-Anejo.
The Company competes with Diageo PLC, Pernod Ricard S.A., Bacardi Limited, Brown-Forman Corporation, Beam Inc., Remy Cointreau S.A. and Constellation Brands, Inc.
Advisors' Opinion:- [By CRWE]
Today, TQLA surged (+10.80%) up +0.042 at $.431 with 1,344,844 shares in play thus far (ref. google finance Delayed: 1:09PM EDT� September 24, 2013).
Montalvo Spirits, Inc. previously reported they have entered into a sales and marketing agreement with Prestige International Exports, LLC (“Prestige”). Prestige will represent the Montalvo Spirits portfolio brands in certain international markets, as well as provide sales and marketing support for Montalvo Tequila and Broken Heart Gin throughout the state of California, and will assist the Company in attempting to secure distribution in additional markets in the U.S.
Top Warren Buffett Stocks To Own Right Now: American Water Works(AWK)
American Water Works Company, Inc. provides water and wastewater services to residential, commercial, industrial, public, and other customers in the United States and Canada. As of December 31, 2010, the company served approximately 15 million people with drinking water, wastewater, and other water-related services in approximately 30 states and 2 Canadian provinces. It owned approximately 90 surface water treatment plants, 600 groundwater treatment plants, 1,200 groundwater wells, 60 wastewater treatment facilities, 1,300 treated water storage facilities, 1,300 pumping stations and 100 dams, and 49,000 miles of mains and collection pipes. American Water Works Company also enters into public/private partnerships, including operation and maintenance contracts; and design, build, and operate contracts for the provision of services to water and wastewater facilities for municipalities and the United States military. In addition, it enters into contracts to operate and maintai n water and wastewater facilities for the United States military, municipalities, the food and beverage industry, and other customers; and provides services to domestic homeowners to protect against the cost of repairing broken or leaking pipes inside and outside their homes. Further, the company provides biosolids management, transport, and disposal services to municipal and industrial customers. Additionally, it offers granular carbon technologies and products for cleansing water and wastewater, wastewater residuals management services, and water and wastewater facility engineering services. The company was founded in 1886 and is based in Voorhees, New Jersey.
Advisors' Opinion:- [By Jon C. Ogg]
American Water Works Company Inc. (NYSE: AWK) is the go-to stock for water investors, which is about as defensive as an investor can get. It is the largest public water utility in America, with around 14 million customers located in 40 states. Yet its market cap is only $8 billion. The water utility giant does not sound cheap at more than 18 times expected earnings, but this stock rarely has looked cheap because of its key market position. Trading at $45.00, it has a 52-week range of $38.70 to $45.48, and its consensus price target is $48.85. Investors also get a 2.5% dividend yield here.
Top Warren Buffett Stocks To Own Right Now: Boot(h)
Henry Boot PLC, together with its subsidiaries, operates as a property and construction company in the United Kingdom. Its property portfolio includes retail warehousing properties, leisure and retail parks, town centre retail and mixed use properties, industrial and office properties, and business parks. The company engages in the acquisition, promotion, development, and trading of land; and holds interest in 8,200 acres of land through ownership, option, and agency agreements. It also involves in construction, civil engineering, and road maintenance activities; and offers construction services to the health, education, housing, custodial, and public sectors. In addition, the company offers a range of products and services for sale and hire, such as fleet of contractors' mechanical plant and equipment ranging from telehandlers to rollers; boom and scissor lift access platforms suitable for slab or rough terrain work; accommodation units for applications, including offices , canteens, showers, toilets, and security stores; power tools and equipment consisting of electric tools, engine powered items, concreting and compaction tools, lightweight access equipment, heating and lighting appliances, and home maintenance items; and fleet of machines for construction and industrial applications. Henry Boot PLC was founded in 1886 and is headquartered in Sheffield, the United Kingdom.
Advisors' Opinion:- [By Matt Thalman]
In the following video, Fool contributor Matt Thalman discusses why he believes MGM Resorts' (NYSE: MGM ) recent move to partner with both Southwest Airlines (NYSE: LUV ) and Hyatt Hotels (NYSE: H ) will greatly benefit not only MGM but also its two new partners.
- [By Eric Volkman]
Alamy Quick, what's the most recognized brand name in the hotel industry? Chances are good that your knee-jerk answer was "Hilton." That well-known moniker is especially prominent last week, as Hilton Worldwide Holdings (HLT), the company that now owns the hallowed brand, has brought it back to the stock market in the form of an initial public offering on the New York Stock Exchange. Wednesday, the company priced the IPO at $20 per share, and due to strong demand, raised the number of shares to be sold to 117.6 million from the originally anticipated 112.8 million. That means gross proceeds just north of $2.35 billion, the highest in history for a hotel operator. Hilton's coming to market now because its majority owner, financial services powerhouse The Blackstone Group (BX), wants to cash out on its investment. The company took the hotel operator private with several partners in 2007. Since then, Blackstone has watched other big names in the hospitality sector launch well-received IPOs. In late 2009, for instance, Hyatt Hotels (H) debuted on the NYSE, raising gross proceeds of $950 million -- enough to make it one of the highest-grossing issues of that year. That was also good enough to make its shareholders wealthier; from a listing price of $25 per share, the stock closed at $28 on its first day of trading, and just over four years later, it has nearly doubled to more than $46. More recently, Blackstone had skin in the game in the IPO of long-term hotel operator Extended Stay America (STAY) as a co-owner along with peer financials Centerbridge Partners and Paulson. The shares of ESA rose nearly 20 percent on the company's market debut last month and have since crept higher. Those kinds of numbers were surely irresistible to Blackstone, which has wisely decided not to sell any of its own Hilton shares in the IPO. Rather, the wily financier says it will dole them out gradually in the months and years ahead. It needs the time -- the company owns more than 75
- [By Dan Caplinger]
4. Hawaii
The poor pay 13% of their income in taxes in Hawaii, although the state has relatively high taxes across the board. Even tourists end up paying at least their fair share of taxes, with a double-digit percentage hotel tax imposed on Starwood (NYSE: HOT ) , Hyatt (NYSE: H ) , and other hotel chains, which they then pass on to their guests. The wealthy in Hawaii pay an average tax rate of 8%, the highest of the states on this list, because of extremely high marginal rates on income taxes that range as high as 11%. The sales tax is relatively reasonable at 4%, but the key problem is that the sales tax applies to grocery purchases, which hits the poor especially hard. - [By Teresa Rivas]
Shares of Hyatt Hotels Corp. (H) were ahead by more than 5% in recent trading, following the company�� strong second-quarter results.
The company said it earned $112 million, or 70 cents a share, up from $39 million, or 24 cents, a year earlier. Excluding one-time items, adjusted earnings rose to 43 cents a share from 24 cents.
Revenue climbed 7.7% to $1.09 billion.
Analysts were looking for per-share earnings of 30 cents on revenue of $1.07 billion.
Revenue per available room, a widely watched performance metric, grew 7.1% at comparable hotels. Occupancy increased to 79.8% from 79.2% and average daily rates moved up by 6.3%.
Owned and leased hotel operating margin expanded to 27.8% from 26.3%.
The company forecast $250 million in capital expenditures for the fiscal year.
FBR Capital Market�� Nikhil Bhalla notes that after three misses in the past year, the Street�� estimates have become more conservative. While he isn�� surprised that markets are reacting positive to the report, he thinks it is still too early to tell if the results are sustainable, as he sees potential softness for group bookings and volatility for China and India properties.
Hyatt is up 16% in the past year.
Top Warren Buffett Stocks To Own Right Now: Siebert Financial Corp.(SIEB)
Siebert Financial Corp., through its subsidiary, Muriel Siebert & Co., Inc., engages in the retail discount brokerage and investment banking operations in the United States. The company provides Internet and traditional discount brokerage and related services to retail investors; independent retail execution services; and retail customer services. It also offers various self-directed retirement accounts, for which it acts as agent on various transactions; and lends customers a portion of the market value of certain securities held in the customer?s account through its clearing agent. In addition, the company, through its other subsidiary, Siebert Woman?s Financial Network, Inc., provides products, services, and information to serve women?s financial needs. Further, Siebert Financial Corp. offers equity execution services on an agency basis, as well as equity and fixed income underwriting and investment banking services to institutional investors, and issuers of equity a nd fixed-income securities. The company provides its discount brokerage services through a broker on the telephone, through a wireless device, or via the Internet. It maintains seven retail discount brokerage offices in New York; Jersey City, New Jersey; Boca Raton, Surfside, West Palm Beach, and Naples, Florida; and Beverly Hills, California. The company was founded in 1886 and is headquartered in New York, New York.
Advisors' Opinion:- [By Jon C. Ogg]
Muriel Siebert, founder of Siebert Financial Corp. (NASDAQ: SIEB), passed away over the weekend. Many new investors may not know her nor may they know just how important and influential she was on Wall Street and in the financial services industries. Ms. Siebert died at the age of 80 years old, and we wanted to list some of her accomplishments that have led to at least more equality among women in what had been a men-only club before she came on the stage.
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