dividends paid
PAYPAL HOLDINGS INC. $34 (Nasdaq symbol PYPL; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 1.2 billion; Market cap: $40.8 billion; Price-to-sales ratio: 4.7; No dividends paid; TSINetwork Rating: Above Average; www. paypal.com) stopped processing transactions on U.S. online gambling websites following its 2002 acquisition by eBay.
But now that it’s an independent company again, PayPal is testing its online payment system with four U.S. gaming firms, including Caesar’s Entertainment. Online gambling could become a big source of revenue for PayPal, particularly if more states approve it. Right now, Internet gambling is only legal in Nevada, New Jersey and Delaware.
PayPal is a hold.
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But now that it’s an independent company again, PayPal is testing its online payment system with four U.S. gaming firms, including Caesar’s Entertainment. Online gambling could become a big source of revenue for PayPal, particularly if more states approve it. Right now, Internet gambling is only legal in Nevada, New Jersey and Delaware.
PayPal is a hold.
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BELLATRIX EXPLORATION $7.43 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266-8670; www.bellatrixexploration.com; Shares outstanding: 191.1 million; Market cap: $1.4 billion; No dividends paid) is now 7.4% owned by activist investor Orange Capital LLC. That’s up from the initial 5.3% interest that Orange Capital announced on September 4, 2014.
Orange wants Bellatrix to discuss changing the size and composition of its 10-person board of directors. It also wants the company to hire a financial advisor to explore strategic alternatives, including selling its midstream assets (natural gas processing plants and pipeline gathering systems) or an outright sale of the entire firm.
Bellatrix has been rapidly expanding over the past year. However, Alberta’s rising gas production has overwhelmed the pipelines that pump it to various processing facilities. This has hurt Bellatrix’s production and cash flow, as well as its share price. But when the bottlenecks are resolved, the company’s cash flow should jump.
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Orange wants Bellatrix to discuss changing the size and composition of its 10-person board of directors. It also wants the company to hire a financial advisor to explore strategic alternatives, including selling its midstream assets (natural gas processing plants and pipeline gathering systems) or an outright sale of the entire firm.
Bellatrix has been rapidly expanding over the past year. However, Alberta’s rising gas production has overwhelmed the pipelines that pump it to various processing facilities. This has hurt Bellatrix’s production and cash flow, as well as its share price. But when the bottlenecks are resolved, the company’s cash flow should jump.
...
AMAZON.COM $324.00 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206- 266-1000; www.amazon.com; Shares outstanding: 462.0 million; Market cap: $149.7 billion; No dividends paid) has acquired gaming network Twitch Interactive for about $970 million in cash. The company reportedly outbid Google.
Twitch, which was founded in 2011, is a popular Internet video channel for broadcasting and watching people playing video games. The website is estimated to be the fourth-largest source of U.S. Internet traffic, behind Netflix, Google and Apple.
Gaming—especially mobile gaming—is a new area of focus for Amazon. Twitch is a leader, with more than 55 million users. It generates revenue from both subscriptions and advertising.
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Twitch, which was founded in 2011, is a popular Internet video channel for broadcasting and watching people playing video games. The website is estimated to be the fourth-largest source of U.S. Internet traffic, behind Netflix, Google and Apple.
Gaming—especially mobile gaming—is a new area of focus for Amazon. Twitch is a leader, with more than 55 million users. It generates revenue from both subscriptions and advertising.
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BLACKBERRY LTD. $10 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 527.0 million; Market cap: $5.3 billion; Price-to-sales ratio: 1.1; No dividends paid; TSINetwork Rating: Speculative; www.blackberry.com) has won approval from the U.S. Defense Information Systems Agency for changes to its server software. These upgrades will let employees of businesses that work with the U.S. Department of Defense use non-BlackBerry devices, including the Apple iPhone and phones powered by Google’s Android software.
Adapting its mobile data systems to securely handle competing phones should help BlackBerry hang to its big government and corporate clients.
BlackBerry is still a hold.
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Adapting its mobile data systems to securely handle competing phones should help BlackBerry hang to its big government and corporate clients.
BlackBerry is still a hold.
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STUART OLSON INC. $10.01 (Toronto symbol SOX; TSINetwork Rating: Speculative) (780-454-3667; www.stuartolson.com; Shares outstanding: 24.9 million; Market cap: $270.0 million; Dividend yield: 4.8%) (formerly The Churchill Corp.) provides building-construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to government and private sector clients....
BIRCHCLIFF ENERGY $11.92 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 145.9 million; Market cap: $1.7 billion; No dividends paid) develops, produces and explores for oil and gas, mainly in the Peace River Arch area near the Alberta/B.C....
NISSAN MOTOR (ADR) $19.56 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $44.2 billion; No dividends paid) is Japan’s second-largest automaker, after Toyota.
In its fiscal 2015 first quarter, which ended June 30, 2014, the company earned 112.1 billion yen ($1.1 billion U.S., or $0.49 per ADR), up 36.7% from 82.0 billion yen ($804.4 million U.S., or $0.36) a year earlier.
Revenue rose 10.8%, to 2.47 trillion yen ($24.1 billion U.S.) from 2.23 trillion yen ($21.8 billion)....
In its fiscal 2015 first quarter, which ended June 30, 2014, the company earned 112.1 billion yen ($1.1 billion U.S., or $0.49 per ADR), up 36.7% from 82.0 billion yen ($804.4 million U.S., or $0.36) a year earlier.
Revenue rose 10.8%, to 2.47 trillion yen ($24.1 billion U.S.) from 2.23 trillion yen ($21.8 billion)....
SYMANTEC CORP. $24.28 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (408-517-8000; www.symantec.com; Shares outstanding: 692.7 million; Market cap: $16.7 billion; Dividend yield: 2.5%) sells computer-security technology, including anti-virus and email-filtering software, to businesses and consumers....
GOODYEAR TIRE & RUBBER CO. $25.46 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (330-796-2122; www.goodyear.com; Shares outstanding: 275.3 million; Market cap: $7.1 billion; Dividend yield: 0.9%) is the world’s largest tire maker, with 52 plants in 22 countries.
In the quarter ended June 30, 2014, Goodyear’s revenue fell 4.9%, to $4.66 billion from $4.89 billion a year earlier....
In the quarter ended June 30, 2014, Goodyear’s revenue fell 4.9%, to $4.66 billion from $4.89 billion a year earlier....
IMPERIAL METALS $9.07 (Toronto symbol III; TSINetwork Rating: Speculative) (604-669-8959; www.imperialmetals.com; Shares outstanding: 74.9 million; Market cap: $715.9 million; No dividends paid) is down almost 42% since a dam broke at a tailings pond at its Mount Polley mine in B.C....