The Certified Financial Planner Board of Standards Inc. this week removed “fee-only” as a compensation description for investment advisers listed on its website and is telling advisers who had used that label to review the organization's definition before restoring it to their profiles.
Recently, the group has been mired in controversies involving CFP mark holders who it said misrepresented how they earn revenue. On Thursday, it changed fee-only to “none provided” on the compensation method portion of its “find a CFP Professional” tool — a move that affected thousands of the approximately 68,000 CFPs.
Late Friday, the CFP Board sent an e-mail to 8,000 CFPs who selected fee-only as their compensation method. The CFP Board said the removal is temporary. It asked those who had been affected to review the organization's definition of “fee-only” and restore it if it fits their practice.
Top Clean Energy Stocks To Watch For 2015: Everest Re Group Ltd.(RE)
Everest Re Group, Ltd., together with its subsidiaries, underwrites reinsurance and insurance in the United States (the U.S.), Bermuda, and international markets. The company operates in five segments: U.S. Reinsurance, U.S. Insurance, Specialty Underwriting, International, and Bermuda. The U.S. Reinsurance segment writes property and casualty reinsurance, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies within the United States. The U.S. Insurance segment offers property and casualty insurance primarily through general agents, brokers, and surplus lines brokers in the U.S. The Specialty Underwriting segment writes accident and health, marine, aviation, and surety business within the U.S. and worldwide through brokers and directly with ceding companies. The International segment offers non-U.S. property and casualty reinsurance. The Bermuda segment provides reinsurance and insurance to worldwide property and cas ualty markets and reinsurance to life insurers through brokers and directly with ceding companies, as well as offers reinsurance to the United Kingdom and European markets. The company was founded in 1973 and is based in Liberty Corner, New Jersey.
Advisors' Opinion:- [By Marc Bastow]
Reinsurance and insurance underwriters Everest Re Group (RE) raised its dividend 56% to 75 cents per share, payable on Dec. 18 to shareholders of record as of Dec. 4.
RE Dividend Yield: 1.92%
Hot Stocks To Watch For 2014: Starbucks Corporation(SBUX)
Starbucks Corporation purchases and roasts whole bean coffees. It operates approximately 16,858 stores, including 8,833 company-operated stores and 8,025 licensed stores. The company offers approximately 30 blends and single-origin premium arabica coffees. It also provides handcrafted beverages, such as fresh-brewed coffee, hot and iced espresso beverages, coffee and non-coffee blended beverages, Vivanno smoothies, and Tazo teas; and merchandise products, including home espresso machines, coffee brewers and grinders, coffee mugs and accessories, packaged goods, music, books, and gift items. In addition, it offers fresh food items, which comprise baked pastries, sandwiches, salads, oatmeal, yogurt parfaits, and fruit cups. Further, it also provides VIA ready brew coffee, bottled frappuccino beverages, discoveries chilled cup coffee, doubleshot espresso drinks, iced coffee, whole bean coffee, and ice creams. The company?s brand portfolio includes Tazo tea, Ethos water, Seatt le?s Best Coffee, and Torrefazione Italia Coffee. Starbucks Corporation sells its products in approximately 50 countries worldwide. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
Advisors' Opinion:- [By Chris Hill]
Starbucks (NASDAQ: SBUX ) CEO Howard Schultz said on Monday that the�company's first stores in India and Vietnam have enjoyed a positive reception. Schultz also said the coffee chain might�launch a store in�Myanmar. Starbucks opened its first Vietnam store in February and its first store in India last year. And Starbucks is serving up�some big numbers in China. Schultz said China will surpass Canada to be second-biggest market within the next couple of years.
- [By Joe Tenebruso and Richard Engdahl]
When Starbucks (NASDAQ: SBUX ) came along, it set a new standard for quality in the coffee industry. Even its competitors serve a better product as a result. Can it do the same for tea?
- [By Andrew Marder]
The joy of coffee
If I'm addicted to anything -- besides love, a fact I might as well face -- it's coffee. When you want to invest in coffee, you buy Starbucks (NASDAQ: SBUX ) . The business is huge, has a brand name that even children recognize, and the company's management has focused on growing the business for the long haul. Over the last five years, Starbucks has grown annual revenue 28%, up to $13.3 billion. - [By Adam Levine-Weinberg]
A little more than a week ago, Starbucks (NASDAQ: SBUX ) found itself embroiled in a major scandal in China. A Starbucks location in Hong Kong's Bank of China Tower didn't have a water source in the store, so workers were brewing coffee with water taken from a tap in a nearby bathroom. As pictures revealed, this tap was just a few feet away from a urinal. While Starbucks obviously was not using water from a toilet to brew coffee, the story quickly became known worldwide as the "toilet water" scandal.
Hot Stocks To Watch For 2014: Memorial Production Partners LP (MEMP)
Memorial Production Partners LP incorporated on April 4, 2011, is a limited partnership formed by Memorial Resource to own, acquire and exploit oil natural gas properties in North America. As of December 31, 2012, the Company�� total estimated proved reserves were approximately 609 Billions of Cubic Feet Equivalent (Bcfe), of which approximately 62% were natural gas and 59% were classified as proved developed reserves. As of December 31, 2012, the Company produced from 1,671 gross (731 net) producing wells across its properties, with an average working interest of 44%. On April 1, 2012, it acquired oil and natural gas producing properties in East Texas from Memorial Resource Development LLC. In May 2012, it acquired oil and natural gas properties in East Texas and North Louisiana. Effective April 1, 2012, the Company acquired certain oil and natural gas properties in East Texas from Memorial Resource Development LLC. In October 2012, the Company acquired oil and natural gas properties in East Texas from Goodrich Petroleum Corporation. On December 12, 2012, the Company acquired oil and gas producing properties offshore Southern California from Rise Energy Partners, LP. In March 2013, the Company announced that it has closed its acquisition of certain oil and natural gas producing properties in East Texas and North Louisiana from its sponsor, Memorial Resource Development LLC. In September 2013, Memorial Production Partners LP closed two separate transactions to acquire certain oil and natural gas properties from third parties in East Texas and in the Rockies. In October 2013, the Company acquired oil and natural gas properties in the Permian Basin, East Texas, and the Rockies.
The Company�� properties are located in South and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs. The Partnership Properties consist of operated working interests in producing and undeveloped leasehold acreage and in identified producing wells in South and East Texas, and non-ope! rated working interests in producing and undeveloped leasehold acreage. As of December 31, 2012, approximately 58% of its estimated proved reserves and approximately 53% of its average daily net production were located in the East Texas/North Louisiana region. Its East Texas/Louisiana properties include wells and properties located in Navarro, Anderson, Wood, Upshur, Gregg, Harrison, Rusk, Panola, Leon, Polk, Smith, Tyler and Shelby Counties, Texas and De Soto and Lincoln Parishes, Louisiana. Its East Texas/North Louisiana properties include properties in the Joaquin and Carthage fields in Panola and Shelby Counties, the Willow Springs field located in Gregg County, the East Henderson field located in Rusk County, and the Terryville field located in Lincoln Parish.
As of December 31, 2012, approximately 27% of its estimated proved reserves and approximately 35% of average daily net production were located in the South Texas region. Its South Texas properties include wells and properties in numerous natural gas weighted fields located in McMullen, Live Oak, Duval, Jim Hogg, Webb and Zapata Counties, Texas, including the NE Thompsonville, Laredo and East Seven Sisters fields. The Company�� South Texas properties contained 167 Bcfe of estimated net proved reserves as of December 31, 2012. The Company�� Beta properties, consist of a 51.75% working interest and a 35.03% average net revenue interest in three Pacific Outer Continental Shelf blocks (P-0300, P-0301 and P-0306); a 4.575% overriding royalty interest in the Beta unit; a 51.75% undivided interest in two wellbore production platforms with permanent drilling equipment systems and one production handling and processing platform, and a 51.75% controlling equity interest in a 17.5-mile pipeline and an onshore tankage and metering facility. The Company�� Beta properties include a 51.75% undivided interest in Ellen and Eureka platforms. The Beta properties include a controlling interest in the San Pedro Bay Pipeline Company, which owns a! nd operat! es a 16-inch diameter oil pipeline.
Advisors' Opinion:- [By Lee Jackson]
Memorial Production Partners L.P. (NASDAQ: MEMP) also has�seen a tremendous amount of insider buying. As of the end of last year, the company had 609 billion cubic feet of natural gas equivalents. Oppenheimer has put a $24 price target on the stock, and the consensus target is at $24.50. Investors are paid a 10.1% distribution.
- [By Robert Rapier]
The second, and riskier, option is to buy MLPs engaged in natural gas production. While these tend to have some portion of their output hedged against sharp price fluctuations, they retain much more exposure to the ups and downs of natural gas prices than the midstream partnerships, which function as toll collectors.�EV Energy Partners�(NASDAQ: EVEP),�Atlas Resource Partners�(NYSE: ARP),�BreitBurn Energy Partners�(NASDAQ: BBEP) and�Memorial Production Partners�(NASDAQ: MEMP) are some of the upstream (oil and gas production) partnerships in the US shale plays.
- [By CRWE]
Memorial Production Partners LP (Nasdaq:MEMP) reported that it has signed a definitive agreement to acquire certain oil and natural gas properties in East Texas from Goodrich Petroleum Corporation, for a purchase price of $95 million, subject to customary purchase price adjustments.
Hot Stocks To Watch For 2014: Enersis S A(ENI)
Enersis S.A., an electric utility company, engages in the generation, transmission, and distribution of electricity in Chile, Argentina, Brazil, Colombia, and Peru. It owns and operates hydroelectric, thermal, and wind power plants. As of December 31, 2010, it had 14,833 megawatts of installed capacity with 195 power plants; and 13.3 million distribution customers covering approximately 50 million inhabitants. The company was formerly known as Compania Chilena Metropolitana de Distribucion Electrica S.A and changed its name to Enersis S.A. in August 1988. Enersis S.A. was founded in 1889 and is headquartered in Santiago, Chile. Enersis S.A. is a subsidiary of Endesa Latinoamerica S.A.
Advisors' Opinion:- [By Sofia Horta e Costa]
European stocks were little changed at a one-week high as companies from Eni SpA (ENI) to Volkswagen AG posted profit that exceeded estimates, while a gauge of telecommunications companies retreated.
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