From Third Avenue Management's semi-annual 2013 review.
5 Best Beverage Stocks For 2015: American Airlines Group Inc (AAL)
American Airlines Group Inc., formerly AMR Corporation, incorporated in October 1982, operates in the airline industry. The Company's principal subsidiary is American Airlines, Inc. (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of the Company, owns two regional airlines, which do business as American Eagle-American Eagle Airlines, Inc. and Executive Airlines, Inc. (collectively, the American Eagle carriers). American also contracts with an independently owned regional airline, which does business as AmericanConnection (the AmericanConnection carrier). As of December 31, 2011, AMR Eagle operated approximately 1,500 daily departures, offering scheduled passenger service to over 175 destinations in North America, Mexico and the Caribbean.
American, AMR Eagle and the AmericanConnection airline served more than 250 cities in approximately 50 countries with, on average, 3,400 daily flights and the combined network fleet numbered approximately 900 aircraft as of December 31, 2011. American Airlines is also a founding member of the oneworld alliance, which includes British Airways, Cathay Pacific, Finnair, LAN Airlines, Iberia, Qantas, JAL, Malev Hungarian, Mexicana, Royal Jordanian and S7 Airlines. Together, oneworld members serve 750 destinations in approximately 150 countries, with about 8,500 daily departures. American is also one of the scheduled air freight carriers in the world, providing a range of freight and mail services to shippers throughout its system onboard American's passenger fleet.
To improve access to each other's markets, American has established marketing relationships with other airlines and rail companies. As of December 31, 2011, American had marketing relationships with Air Berlin, Air Pacific, Air Tahiti Nui, Alaska Airlines, British Airways, Cape Air, C! athay Pacific, China Eastern Airlines, Dragonair, Deutsche Bahn German Rail, EL AL, Etihad Airways, EVA Air, Finnair, GOL, Gulf Air, Hawaiian Airlines, Iberia, Japan Airlines (JAL), Jet Airways, JetStar Airways, LAN (includes LAN Airlines, LAN Argentina, LAN Ecuador and LAN Peru), Niki Airlines, Qantas Airways, Royal Jordanian, S7 Airlines, and Vietnam Airlines.
American has established the AAdvantage frequent flyer program (AAdvantage). AAdvantage members earn mileage credits by flying on American, American Eagle and the AmericanConnection carrier or by using services of other participants in the AAdvantage program. Mileage credits can be redeemed for free, discounted or upgraded travel on American, American Eagle or other participating airlines, or for other awards. American sells mileage credits and related services to other participants in the AAdvantage program. There are over 1,000 program participants, including a credit card issuer, hotels, car rental companies, and other products and services companies in the AAdvantage program. As of December 31, 2011, AAdvantage had approximately 69 million total members.
The Company competes with Alaska Airlines (Alaska), Delta Air Lines (Delta), Frontier Airlines, JetBlue Airways (JetBlue), Hawaiian Airlines, Southwest Airlines (Southwest) and AirTran Airways (Air Tran), Spirit Airlines, United Airlines (United) and Continental Airlines (Continental), US Airways and Virgin America Airlines.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
Nam Y. Huh/AP DALLAS -- If you use miles to get a free ticket on American Airlines, you may have to pay to check that suitcase. American and US Airways announced changes Tuesday to their policies on checked-bag fees and redeeming miles for free flights. Passengers traveling on American on miles they earned or who paid full price for an economy seat won't get free checked bags anymore. Some elite-level frequent fliers on both airlines will get one less free bag than before. When it comes to redeeming miles for free flights, US Airways is ending blackout days. American will change the number of miles to get an unrestricted free flight -- more on popular travel days, fewer on less-busy ones. And it's making an array of changes to the miles needed for international trips. Suzanne Rubin, an American Airlines vice president who oversees the AAdvantage loyalty program, said the changes will increase revenue but she declined to give a figure. The two carriers merged in December and formed American Airlines Group (AAL), and Tuesday's changes are designed to bring the policies of the two closer together. Between them, they have 110 million loyalty-program members, Rubin said. Other changes: For U.S. travel on or after June 1, American members can redeem miles for an unrestricted "AAnytime" award at 20,000 miles, 30,000 miles or 50,000 each way instead of the current 25,000-mile flat rate. The less-flexible "MileSAAver" awards will continue to start at 12,500 miles. Mid-tier elite members (platinum on American; gold and platinum on US Airways) will get two free checked bags; a reduction of one for the US Airways' Dividend Miles elites. Lower-level elites (gold on American; silver on US Airways) will get one free checked bag, a reduction from two for the American customers. Removing a charge for second checked bags on trips to South America. Rubin said the company wasn't considering charging a fee for carry-on bags, as Spirit Airlines (SAVE) does.
- [By Bloomberg Businessweek]
Scott Olson/Getty ImagesTravelers at Chicago O'Hare International Airport. American Airlines (AAL) has ended its bereavement fares, the discount offered to people who needed to fly immediately because of a loved one's death. That cold, callous, corporate decision -- which now aligns American's policy with that of its heartless merger partner, US Airways -- has unleashed the predictable gnashing of social media teeth. But it's not worth shedding a single tear for bereavement fares. Anyone shopping carefully -- a group that might not include mourners -- already knows that the "break" airlines offered the bereaved have been, at best, pathetic. A bereavement fare is typically just a small discount off the cost of a last-minute purchase, which are nearly always exorbitant. United (UAL) offers a 5 percent discount off a walk-up fare and wants to see a death certificate to ensure you're not lying. Delta's (DAL) price break varies -- which likely means it's influenced by seat inventory -- and applies only for immediate family members. (Delta, too, wants to verify the death.) Such paltry discounts mean little, especially when you're not debating whether to make the trip and just need a ticket procured quickly. "Five percent off a $900 fare isn't going to make that big of a difference to someone in an emotionally chaotic state," Rick Seaney, chief executive of FareCompare.com, told the Los Angeles Times. Exactly. I have a better idea: Go to the Internet. Many sites specialize in last-minute travel deals or fare bidding, such as Priceline (PCLN). If that's too much work at a fraught time, a travel agent can quickly handle the same chore. And one-way flights may make more sense, offering additional flexibility with an expensive purchase.
- [By Paul Ausick]
American Airlines Group Inc. (Nasdaq: AAL) depends somewhat more on cargo revenues. Fourth quarter cargo revenue rose 13.9% to $196 million and full-year revenues rose 1.4% to $685 million. The company was created by the merger of AMR Corp. and US Airways. Due to the merger, the full-year results include only about three weeks of December and primarily reflect cargo revenues at the old AMR.
- [By Susan J. Aluise]
The carrier won big when it picked up the lion�� share of the slots the new American Airlines (AAL) had to divest at Washington D.C.�� Regan airport. However, LUV is facing headwinds from its strategy shift to international, as well as growing pains from its AirTran integration this year.
5 Best Managed Healthcare Stocks To Watch For 2014: 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.
5 Best Managed Healthcare Stocks To Watch For 2014: Flexsteel Industries Inc.(FLXS)
Flexsteel Industries, Inc., together with its subsidiaries, engages in the manufacture, import, and market of residential and commercial upholstered and wooden furniture products in the United States. Its upholstered and wooden furniture products include sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products for use in home, office, hotel, and other commercial applications through its sales force and various independent representatives, as well as to various national and regional chains. Flexsteel Industries, Inc. was founded in 1929 and is based in Dubuque, Iowa.
Advisors' Opinion:- [By Ben Levisohn]
Shares of La-Z-Boy have gained 11% to $27.02 at 1:54 p.m. today. Its performance is also giving other furniture stocks a boost. Flexsteel (FLXS) has risen 1% to $27.60, Hooker Furniture (HOFT) has jumped 1.6% to $17.12 and Ethan Allen International (ETH) has advanced 1.2% to $29.20. Haverty Furniture (HVT) has dipped 0.3% to $27.87.
- [By Dividends4Life]
Memberships and Peers: LEG is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers��Index and a Dividend Champion. The company's peer group includes: Hooker Furniture Corp. (HOFT) with a 2.4% yield, Flexsteel Industries Inc. (FLXS) with a 2.7% yield and Ethan Allen Interiors Inc. (ETH) with a 1.4% yield.
- [By Dividends4Life]
Memberships and Peers: LEG is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers��Index and a Dividend Champion. The company's peer group includes: Hooker Furniture Corp. (HOFT) with a 2.7% yield, Flexsteel Industries Inc. (FLXS) with a 1.8% yield and Ethan Allen Interiors Inc. (ETH) with a 1.6% yield.
5 Best Managed Healthcare Stocks To Watch For 2014: Rex Energy Corporation(REXX)
Rex Energy Corporation operates as an independent oil and gas company in the Appalachian Basin and the Illinois Basin. It focuses on the Marcellus Shale drilling projects, and Utica Shale and Upper Devonian Shale exploration activities in the Appalachian Basin. The company also holds interests in the Lawrence Field ASP Flood project, which is an oil recovery project located in Lawrence County, Illinois. As of December 31, 2011, it operated approximately 2,117 wells, including approximately 517 disposal and injection wells. The company had estimated proved reserves of 366.2 billions of cubic feet equivalent. Rex Energy Corporation was founded in 2007 and is headquartered in State College, Pennsylvania.
Advisors' Opinion:- [By The Energy Report]
Onshore, my favorite play is the Utica Shale, in which my top plays are Gulfport Energy Corp. (GPOR) and Rex Energy Corp. (REXX). Both companies have highly economic acreage, solid balance sheets and industry-leading production growth. I also like Rex Energy for its likely production upside. Another one of my favorite plays is the Eagle Ford Shale, in which my top plays are Penn Virginia Corp. (PVA) and Sanchez Energy Corp. (SN). Both have core acreage in the region, improving operating results and experienced management. Another favorite name of mine is Midstates Petroleum Co. Inc. (MPO). The company has assets in three solid plays and a management team with a long successful track record. Those are my favorite names at this time.
- [By Matt DiLallo]
The company has also shifted some of its attention to next-door neighbor Ohio's Utica Shale. It's not the only Marcellus driller to look to the higher profit potential in the liquids-rich Utica. Smaller drillers like Rex Energy (NASDAQ: REXX ) are also looking west to the Utica in an effort to grow liquids production. The company reported positive results at three recently drilled wells at its Warrior South project. While all this attention is great for the Utica, Pennsylvania would rather have drillers investing that drilling capital within its borders to add more jobs and tax revenue. �
- [By Matt DiLallo]
These infrastructure additions are important for Gulfport Energy� (NASDAQ: GPOR ) �which is pouring nearly all of its resources into developing the Utica's assets. If its wells provide the type of production it is expecting, this infrastructure build-out will prove critical to Gulfport's ability to deliver its product to market. The additions are also important for Rex Energy (NASDAQ: REXX ) which is investing more than 30% of its more than $255 million 2013 capital budget to develop its acreage in the Utica.
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