Petroleum products logistics provider Buckeye Partners (NYSE: BPL ) is out with its first-quarter earnings. It was a very solid quarter for the MLP with steady performance across its business segments. Let's take a closer look at how the company performed in three areas that I previewed as being the most important to watch.
The numbers
Buckeye beat analysts' expectations by delivering first-quarter income of $89.3 million, or $0.86 a unit, which exceeded the projection of $0.73 a unit. Revenue of $1.34 billion also beat expectations of $1.29 billion. Strong performance at Buckeye's terminal operations along with a big improvement at its energy services segment led to the�excellent�performance this quarter.
Buckeye reported distributable cash flow of $124.2 million which provided it with a coverage ratio of 1.21 times. This represented a very nice year-over-year increase to distributable cash flow which was $73.6 million last year and represented a coverage ratio just 0.78 times. Better overall business performance and the contribution from its growth projects provided a nice boost to the bottom line. The big news here is that the coverage ratio was high enough this quarter for the company to finally raise its distribution.
Best Logistics Companies To Own In Right Now: Tesla Motors Inc.(TSLA)
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. It offers Tesla Roadster, an electric sports car. The company markets and sells its vehicles directly to consumers through the phone and Internet, as well as through its network of Tesla stores. It operates 18 Tesla stores located in Boulder, Chicago, Los Angeles, Menlo Park, Miami, New York, Newport Beach, San Jose, Seattle, Washington, D.C., Copenhagen, London, Milan, Monaco, Munich, Paris, Tokyo, and Zurich. The company was founded in 2003 and is headquartered in Palo Alto, California.
Advisors' Opinion:- [By Jonas Elmerraji]
Nearest Support: $45
Catalyst: Earnings BeatShares of mid-cap electric car maker Tesla Motors (TSLA) are up almost 25% after the firm delivered better-than-expected numbers for the first quarter. The firm achieved its goal of earnings a profit for the quarter, bringing home 12 cents per share. That's triple what analysts expected the firm to make.
The firm also posted a lifted sales outlook, expecting to deliver 21,000 Model S sedans for the full year. This stock is both technically and fundamentally very attractive right now, even if momentum has been a bit insane for the last month and change.
Expect some consolidation after such a big run higher. That could be an opportunity to build a position in TSLA.
- [By iStockAnalyst]
Tesla Motors Inc., incorporated in 2003, designs, develops, manufactures and sells fully electric vehicles and electric vehicle powertrain components. The company commercially produces an electric vehicle, the Tesla Roadster. The Tesla Roadster has a battery pack capable of storing approximately 53 kilowatt-hours of usable energy. The Tesla Roadster has a range of 236 miles on a single charge. As of March 31, 2010, the company had sold 1,063 Tesla Roadsters to customers in 22 countries. It has also introduced a Roadster model, the Tesla Roadster 2 and the Roadster Sport, which accelerates from 0 to 60 miles per hour in 3.7 seconds.
I prefer the stock as it is undervalued substantially. Market correction provides significant upside.
Best Logistics Companies To Own In Right Now: Anglo Pacific Group Plc(APY.TO)
Anglo Pacific Group PLC, together with its subsidiaries, engages in securing natural resources royalties by acquisition and through investment in mining interests primarily in coal, iron ore, gold, and uranium principally in Australia, North America, South America, and Africa. It holds 50% of the coking coal royalty entitlement on the Kestrel and Crinum underground mines located in Queensland, Australia; a 1% gross revenue royalty (GRR) on the Amapa iron ore system in Brazil; a 1% GRR on iron ore and non-precious metals, other than copper, on the Tucano project in the Amapa region of Brazil; a 2% net smelter royalty (NSR) on the Jogjakarta iron sands project in Indonesia; a 1.5% GRR on various exploration licenses, including the Railway iron ore deposit in Western Australia; and a 1% GRR over the Isua iron ore project in Greenland. The company also holds a 2.5% NSR on the El Valle-Boinas/Carles gold mines in Spain; a 2.5% NSR on the Malartic-Midway and McKenZie Break gold projects in Quebec, Canada; a 3% GRR on the Bulqiza chromite project in Albania; a 1% NSR on the Black Thor, Black Label, and Big Daddy chromite projects in northern Ontario, Canada; a 1% NSR over the Four Mile uranium project in south Australia; and a 1% NSR over the Salamanca uranium project in Spain. In addition, it holds an option to acquire a 2% NSR on Creso Exploration Inc?s Duggan gold project in Ontario, Canada; a 1.5% NSR on the Araguaia nickel project in Brazil; and a 1% NSR on the Highbank Lake and Eastbank PGE exploration properties in Ontario, Canada. Further, the company owns mineral licenses in the Groundhog and Peace River coal deposits in British Columbia, Canada. Anglo Pacific Group PLC is headquartered in London, the United Kingdom.
5 Best China Stocks To Invest In 2014: Mediolanum(MED.MI)
Mediolanum S.p.A., together with its subsidiaries, provides a range of financial services in Italy. It offers personalized current accounts that are interest-bearing and includes checks, ATM card, and credit card services. The company also provides a range of payment cards, including credit cards, debit cards, and rechargeable cards; mortgages and loans; pension schemes; managed savings, including mutual funds and managed accounts, and index and unit linked products; and life insurance products. In addition, it provides financial brokerage, asset management and advice, fund management, real estate brokerage, and education and training services, as well as engages in the production of audio, film, and television programs. The company operates in Spain, Germany, Ireland, and Luxemburg. Mediolanum S.p.A. was founded in 1982 and is headquartered in Basiglio, Italy.
Best Logistics Companies To Own In Right Now: Lara Exploration Ltd. (LRA.V)
Lara Exploration Ltd., an exploration stage company, engages in the identification, acquisition, and exploration of precious and base metal deposits primarily in South America. The company primarily explores for potash, phosphates, nickel, gold, tin, copper, iron, manganese, graphite, lead, and zinc. It holds interests in various mineral properties located in Brazil, Colombia, and Peru, as well as in China. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.
Best Logistics Companies To Own In Right Now: Estrella Gold Corporation (EST.V)
Estrella Gold Corporation engages in the acquisition, exploration, and development of mineral resources properties in Latin America. The company primarily explores for gold, silver, copper, and molybdenum deposits. It holds interest in approximately 32 exploration properties in Peru. The company principally owns a 100% interest in the Colpayoc gold project, which covers an area of approximately 5,115 hectares in the southwest of the Yanacocha mine complex, Peru. It has a strategic exploration alliance with Cliffs Natural Resources Exploration Inc. The company was formerly known as Canadian Shield Resources Ltd. and changed its name to Estrella Gold Corporation in August 2010. Estrella Gold Corporation was incorporated in 1996 and is headquartered in Vancouver, Canada.
Best Logistics Companies To Own In Right Now: B.O.S. Better Online Solutions(BOSC)
B.O.S Better Online Solutions Ltd. provides radio frequency identification (RFID) and supply chain solutions to enterprises primarily in the Europe, the United States, the Far East, and Israel. Its RFID and Mobile Solutions division offers hardware products, including thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; and consumables, such as ribbons, labels, and tags, as well as BOS ID software platform for systems integrators to assemble applications for transfer to automatic ID data capture clients. This division also develops applications comprising BOS LIVESTOCK, a software application that enables management, tracking, support, and planning of livestock day-to- day operations; BOS CarID, a solution to identify and track vehicles for a range of transportation-related settings; BOS STOCK, a data collection solution for logistics management in stores and wa rehouses; and BOS Mfgr., a production line tracking solution. The company?s Supply Chain Solutions division distributes electronic components, such as active, passive, electro-mechanical, and microwave components, as well as full access networks equipment for IT and telecommunications; and communication servers, multi-protocol print servers, server adapters, USB products, switches, fiber optics equipment, ADSL and XDSL routers, modems, VoIP, storage equipment, and ATM devices. This division also offers components consolidation services to the aerospace, defense, medical, and telecommunications industries, as well as enterprise clients; engages in the inventory and quality control management of components entering production lines; and provides warehouse management services for ongoing projects. B.O.S Better Online Solutions Ltd. sells its products through direct sales, sales agents, and integrators. The company was founded in 1990 and is headquartered in Rishon LeZion, Isra el.
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