Given that you clicked on this article, it seems safe to assume you either own stock in First Horizon National (NYSE: FHN ) or are considering buying shares in the near future. If so, then you've come to the right place. The table below reveals the nine most critical numbers that investors need to know about First Horizon stock before deciding whether to buy, sell, or hold it.
First Horizon is the bank holding company for First Tennessee Bank, a "community-focused regional bank" headquartered in Memphis. Tracing its roots back to 1864, First Horizon has since grown into one of the nation's largest lenders. With $25.5 billion in assets on its balance sheet, it's slightly smaller than Columbus, Georgia's Synovus Financial at $27 billion (click here to see Synovus' nine critical numbers), but larger than Green Bay, Wisconsin's Associated Banc-Corp at $23.5 billion.
As you can see in the table above, First Horizon struggles relative to its competitors on a number of fronts. In the first case, its net interest margin is 57 basis points less than the average of the 100-plus banks surveyed for this article series. This is indicative of poor interest rate risk management. Second, its nonperforming loans ratio is 42 basis points higher than the average. This is indicative of subpar credit risk management. And finally, its efficiency ratio exceeds both the average of the sample set and 100% -- the latter means that its expenses exceed its revenue. Over the last five years, in fact, First Horizon has only recorded positive annual net income once, in 2011. And to make matters worse, it's trading for 1.26 times tangible book value -- a far cry from a bargain given these performance metrics.
Top Forestry Companies To Own In Right Now: China Mobile(Hong Kong)
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services primarily in the Mainland China. It offers various services comprising local calls, domestic long distance calls, international long distance calls, domestic roaming, and international roaming. The company also provides voice value-added services, including caller identity display, caller restrictions, call waiting, call forwarding, call holding, voice mail, and conference calls; customer-to-customer messages and corporate short message services; and mobile Internet access services. In addition, it engages in other data businesses, which primarily include multimedia messaging services; color ring services that enable users to customize the answer ring tone from various selection of songs, melodies, sound effects, or voice recordings; and mobile reading, mobile gaming, mobile video, mobile payment/wallet, mobile TV, mobile market, and Internet data center services. F urther, the company offers telecommunications network planning, design, and consulting services; roaming clearance services; technology platform development and maintenance services; and mobile data solutions, and system integration and development services, as well as operates a network and business coordination center. Additionally, China Mobile Limited sells mobile phone handsets and devices. As of March 31, 2011, it served approximately 600.8 million customers. The company was formerly known as China Mobile (Hong Kong) Limited and changed its name to China Mobile Limited in May 2006. China Mobile was founded in 1997. The company is based in Central, Hong Kong, and is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. China Mobile Limited is a subsidiary of China Mobile Hong Kong (BVI) Limited.
Advisors' Opinion:- [By GuruFocus]
China Mobile Ltd. was incorporated under the laws of Hong Kong on Sept. 3, 1997, as a limited liability company under the name China Telecom (Hong Kong) Limited. China Mobile Ltd. has a market cap of $194.9 billion; its shares were traded at around $48.48 with a P/E ratio of 9.70 and P/S ratio of 2.20. The dividend yield of China Mobile Ltd. stocks is 4.20%. China Mobile Ltd. had an annual average earnings growth of 16.60% over the past 10 years. GuruFocus rated China Mobile Ltd.�the business predictability rank of 3.5-star.
Hot Regional Bank Companies To Invest In Right Now: Vertex Pharmaceuticals Incorporated(VRTX)
Vertex Pharmaceuticals Incorporated engages in discovering, developing, manufacturing, and commercializing small molecule drugs for the treatment of serious diseases worldwide. Its products include telaprevir, a prescription medicine used for the treatment of patients with genotype 1 hepatitis C virus (HCV) infection; and Ivacaftor, a prescription medicine used for the treatment of cystic fibrosis. The company markets its products under the INCIVEK brand name in the United States and Canada; INCIVO brand in the United Kingdom, Germany, France, Sweden, Austria, Finland, Denmark, Switzerland, and Norway; KALYDECO brand in the United States; and TELAVIC brand in Japan. Its drug candidates comprise VX-222, a Phase II clinical trial drug candidate, and ALS-2200 and ALS-2158, a Phase I clinical trial drug candidates that are designed to inhibit the replication of HCV; VX-809 and VX-661, a Phase II clinical trial drug candidates that improve the function of defective cystic fibro sis; VX-509, a Phase II clinical trial drug candidate for the treatment of patients with rheumatoid arthritis and other immune-mediated inflammatory diseases; VX-765, a Phase II clinical trial drug for the treatment of epilepsy; and VX-787, an investigational drug candidate for the treatment of influenza A. The company was founded in 1989 and is headquartered in Cambridge, Massachusetts.
Advisors' Opinion:- [By Jon C. Ogg]
Vertex Pharmaceuticals�Inc. (NASDAQ: VRTX) was started with an Outperform rating at Oppenheimer
Zynga Inc. (NASDAQ: ZNGA) was started with a Hold rating by Benchmark.
- [By Brian Orelli]
Analyzing Johnson & Johnson's underlying business isn't as black and white, but Johnson & Johnson stock sure looks like it's on a comeback thanks to a recovering over-the-counter business and solid growth from new drugs, including hepatitis C drug Incivo, which the health-care giant sells abroad for Vertex Pharmaceuticals (NASDAQ: VRTX ) ; Johnson & Johnson's sales of Incivo, which goes by the name Incivek stateside, were up 17% quarter over quarter. Vertex will get a piece of the $162 million sales in the form of a royalty.
Hot Regional Bank Companies To Invest In Right Now: Equity One Inc. (EQY)
Equity One, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States. Its shopping centers are anchored by supermarkets, drug stores, or discount retail store chains. As of December 31, 2006, the company?s property portfolio consisted of 179 properties, including 166 shopping centers, 6 development parcels, and 7 non-retail properties. As a REIT, Equity One would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1992 and is based in North Miami Beach, Florida with an additional office in Israel.
Advisors' Opinion:- [By Dividend King]
Equity One Inc. (EQY): Equity One Inc. is trading just under its 52-week high of $20.27. The stock issues an annual dividend of $0.88, has a yield of 4.40% and a payout ratio of 142%.
Hot Regional Bank Companies To Invest In Right Now: American Midstream Partners LP (AMID)
American Midstream Partners, LP, incorporated on August 20, 2009, owns, operates, develops and acquires a portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of 10 gathering systems, four processing facilities and a 50% non-operating interest in a fifth plant, two interstate pipelines and four intrastate pipelines. Its assets are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure, which links producers and suppliers of natural gas to diverse natural gas markets, including interstate and intrastate pipelines, as well as utility, industrial and other commercial customers. In December 2013, American Midstream Partners, LP acquired Blackwater Midstream Holdings, LLC from an affiliate of ArcLight Capital Partners, LLC. In February 2014, Penn Virginia Corporation sold all of its Eagle Ford Shale natural gas midstream assets to the Company.
The Company operates in two segments: Gathering and Processing, and Transmission. In its gathering and processing segment, it receives fee-based and fixed-margin compensation for gathering, transporting and treating natural gas. Where it provide processing services at the plants that it owns, or obtain processing services for its own account under its elective processing arrangements. During the year ended December 31, 2012, it owned four processing facilities that produced an average of approximately 49.9 million gallons of liquid per day of gross natural gas liquids (NGLs). In addition, under its elective processing arrangements, it contracts for processing capacity at a third-party plant where it has the option to process natural gas that it purchases. During 2012, under these arrangements, it sold an average of approximately 27.9 million gallons of liquid per day of net equity NGL volumes. It also receives fee-based and fixed-margin compensation in its transmission segment related to ! capacity reservation charges under its firm transportation contracts and the transportation of natural gas.
Gathering and Processing
The Company�� gathering and processing segment provides wellhead to market services for natural gas to producers of natural gas and oil, which include transporting raw natural gas from various receipt points through gathering systems, treating the raw natural gas, processing raw natural gas to separate the NGLs and selling or delivering pipeline quality natural gas, as well as NGLs to various markets and pipeline systems. It gathers and processes natural gas pursuant to arrangements, including fee-based arrangements, fixed-margin arrangements and percent-of-proceeds arrangements.
The Company competes with Tennessee Gas Pipeline (TGP), Gulf South and ANR.
Transmission Segment
The Company�� transmission segment transports and delivers natural gas from producing wells, receipt points or pipeline interconnects for shippers and other customers, which include local distribution companies (LDCs), utilities and industrial, commercial and power generation customers. Results of operations from its transmission segment are determined by capacity reservation fees from firm transportation contracts and the volumes of natural gas transported on the interstate and intrastate pipelines it owns. Its transportation arrangements include firm transportation arrangements, interruptible transportation and fixed-margin contracts. Its Midla and AlaTenn systems are interstate natural gas pipelines. Its Bamagas system is a Hinshaw intrastate natural gas pipeline, which travels west to east from an interconnection point with TGP in Colbert County, Alabama to two power plants owned by Calpine Corporation (Calpine), in Morgan County, Alabama. The Bamagas system consists of 52 miles of high pressure, 30-inch pipeline with a design capacity of approximately 450 million cubic feet per day.
The AlaTenn system is an intersta! te natura! l gas pipeline that interconnects with TGP and travels west to east delivering natural gas to industrial customers in northwestern Alabama, as well as the city gates of Decatur and Huntsville, Alabama. Its AlaTenn system has a design capacity of approximately 200 million gallons of liquid per day and is consisted of approximately 295 miles of pipeline with diameters ranging from three to 16 inches and includes two compressor stations with combined capacity of 3,665 horsepower. The AlaTenn system is connected to four receipt and 61 delivery points, including the Tetco Pipeline system, an interstate pipeline owned by Duke Energy Corporation, and the Columbia Gulf Pipeline system, an interstate pipeline owned by NiSource Gas Transmission and Storage.
The Company�� Midla system is an interstate natural gas pipeline with approximately 370 miles of pipeline linking the Monroe Natural Gas Field in Northern Louisiana and interconnections with the Transco Pipeline system and Gulf South Pipeline system to customers near Baton Rouge, Louisiana. Its Midla system also has interconnects to Centerpoint, TGP and Sonat along a high-pressure lateral at the north end of the system, called the T-32 lateral. Its Midla system is located near the Perryville Hub, which is a hub for natural gas produced in the Louisiana and broader Gulf Coast region, including natural gas from the Haynesville shale, Barnett shale, Fayetteville shale, Woodford shale and Deep Bossier formations of Northern Louisiana, Central Texas, Northern Arkansas, Eastern Oklahoma and East Texas, respectively. The Midla system is connected to nine receipt and 19 delivery points. The northern portion of the system, including the T-32 lateral, consists of approximately four miles of high pressure, 12-inch diameter pipeline. Natural gas on the northern end of the Midla system is delivered to two power plants operated by Entergy by way of the T-32 lateral and the CLECO Sterlington plant by way of the Sterlington lateral.
The Company�� s mainlin! e of the system has a design capacity of approximately 198 million cubic feet per day and consists of approximately 172 miles of low pressure, 22-inch diameter pipeline with laterals ranging in diameter from two to 16 inches. During 2012, average throughput on the Midla mainline was approximately 72.7 million cubic feet per day. The southern portion of the system, including interconnections with the MLGT system and other associated laterals, consists of approximately two miles of high and low pressure, 12-inch diameter pipeline. This section of the system primarily serves industrial and LDC customers in the Baton Rouge market. In addition, this section includes two small offshore gathering lines, the T-33 lateral in Grand Bay and the T-51 lateral in Eugene Island 28, each of which are approximately five miles in length. Natural gas delivered on the southern end of the system is sold under both firm and interruptible transportation contracts with average remaining terms of two years.
The MLGT system is an intrastate transmission system that sources natural gas from interconnects with the FGT Pipeline system, an interstate pipeline owned by Florida Gas Transmission Company, the Tetco Pipeline system, the Transco Pipeline system and its Midla system to a Baton Rouge, Louisiana refinery owned and operated by ExxonMobil and five other industrial customers. Its million cubic feet per day system has a design capacity of approximately 170 million cubic feet per day and is consisted of approximately 54 miles of pipeline with diameters ranging from three to 14 inches. The MLGT system is connected to seven receipt and 16 delivery points. During 2010, average throughput on the MLGT system was approximately 50.5 million cubic feet per day.
The Company�� other transmission systems include the Chalmette system, located in St. Bernard Parish, Louisiana, and the Trigas system, located in three counties in northwestern Alabama. The approximate design capacities for the Chalmette and Trigas sys! tems are ! 125 million cubic feet per day and 60 million cubic feet per day, respectively. During 2012, the approximate average throughput for these systems was 9.8 MMcf/d and 10.6 MMcf/d. It also owns a range of interconnects and small laterals that are referred to as the SIGCO assets.
The Company competes with Southern Natural Gas Company and Louisiana Intrastate Gas.
Advisors' Opinion:- [By Lauren Pollock]
Vacation-home rental website operator HomeAway Inc.(AWAY) and midstream energy owner American Midstream Partners LP(AMID) separately disclosed plans to offer shares and units, respectively. HomeAway is aiming to raise proceeds for general corporate purposes, while American Midstream is looking to use some of the funds to pay for a previously disclosed acquisition.
- [By Robert Rapier]
2013 Performance of Alerian MLP Index versus the S&P 500 Index
While the average MLP investor was probably happy with 2013’s performance, there was of course a wide variation of performance in the MLP world. Among the conventional midstream and upstream MLPs, performance ranged from American Midstream Partners (NYSE: AMID) — the best performing midstream MLP with a gain of 98.5 percent in 2013 — down to the upstream MLP EV Energy Partners (Nasdaq: EVEP), which lost 40 percent for the year.
2013 Performance of American Midstream Partners versus EV Energy Partners
- [By Robert Rapier]
American Midstream Partners (NYSE: AMID) gained 96 percent in 2013 before accounting for distributions. American Midstream is engaged in the business of gathering, treating, processing, fractionating and transporting natural gas and natural gas liquids. Operations are organized into two segments, Gathering and Processing and Transmission. Assets are primarily located in Alabama, Louisiana, Mississippi, Tennessee and Texas. The partnership operates 2,100 miles of pipelines that gather and transport over 850 MMcf/d of natural gas. Units currently yield 6.8 percent.
- [By Monica Gerson]
American Midstream Partners LP (NYSE: AMID) is estimated to post a Q4 loss at $0.30 per share on revenue of $89.74 million.
Hill International (NYSE: HIL) is expected to post its Q4 earnings at $0.01 per share on revenue of $134.74 million.
Hot Regional Bank Companies To Invest In Right Now: United-Guardian Inc.(UG)
United-Guardian, Inc. researches, develops, manufactures, and markets cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products in the United States, Canada, China, France, and internationally. Its personal care products include LUBRAJEL, a line of water-based moisturizing and lubricating gel formulations; KLENSOFT, a surfactant for cosmetic formulations; UNITWIX, a cosmetic additive used as a thickener for oils and oil-based liquids; CONFETTI DERMAL DELIVERY FLAKES for use in various water-based products; ORCHID COMPLEX, a base for cosmetics; LUBRASLIDE and B-122 lubricants used in cosmetics; AQUATHIK, a powder used as a gelling agent for aqueous solutions or emulsions; and HYDRAJEL PL, a personal lubricant for the feminine personal care market. The company?s medical products comprise LUBRAJEL RR and RC water-based gels used as lubricants for catheters; LUBRAJEL MG to lubricate urinary catheters, prelubricated enema tips, and other medical devices; LUBRAJEL LC, a mouth moisturizer for oral use; and LUBRAJEL FLUID to lubricate water-soluble products. Its pharmaceuticals consists of RENACIDIN, a prescription drug to prevent and dissolve calcifications in urethral catheters and the urinary bladder; and CLORPACTIN WCS-90, an antimicrobial for use in urology and surgery to treat infections in the urinary bladder. United-Guardian?s industrial products include DESELEX Liquid, a sequestering and chelating agent; and POLYCOMPLEX M and Q complexing agents to produce clear solutions of water-insoluble materials. The company distributes its products to drug wholesalers, drug stores, hospitals, physicians, long-term care facilities, Veteran?s Administration, and other government agencies through marketing partners, distributors, advertising in medical and trade journals, mailings to physicians, and exhibitions. United-Guardian, Inc. was founded in 1942 and is based in Hauppauge, New York.
Advisors' Opinion:- [By Dorothee Tschampa]
Volkswagen AG (VOW) (VOW), PSA Peugeot Citroen (UG) and Renault SA (RNO) (RNO), Europe�� three largest carmakers, all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.
- [By Jonathan Morgan]
PSA Peugeot (UG) Citroen added 5.4 percent as its chief executive officer predicted a market-share increase in an interview with Le Parisien. Telecom Italia SpA rose 8.4 percent after a report that Egyptian billionaire Naguib Sawiris may buy a stake in Italy�� biggest phone company. TeliaSonera AB slid 1.9 percent as Finland cut its holding in the network operator.
- [By Inyoung Hwang]
PSA Peugeot (UG) Citroen climbed to a 17-month high after saying it won�� cut prices for the Peugeot brand. Glencore Xstrata Plc advanced 2.3 percent after raising its estimate for financial gains from its merger with Xstrata Plc. Neste Oil Oyj surged to a five-year high after upgrading its full-year forecast. GlaxoSmithKline Plc slid 2.5 percent as new U.S. guidelines opened the door for generic versions of its Advair drug.
- [By Namitha Jagadeesh]
PSA Peugeot Citroen (UG) climbed 17 percent. Europe�� second- largest automaker reported first-quarter revenue fell 6.5 percent to 13 billion euros, beating the 12.7 billion-euro average analyst estimate in a Bloomberg survey, as delivery growth in China and Latin America limited the decline.
Hot Regional Bank Companies To Invest In Right Now: Huntsman Corporation(HUN)
Huntsman Corporation engages in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. The company offers polyurethane chemicals, including methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants, and elastomers; and performance products, such as amines, carbonates, surfactants, linear alkyl benzene, maleic anhydride, performance chemicals, ethylene glycol, olefins, and technology licenses. It also provides advanced materials comprising epoxy resin compounds and formulations; cross-linking, matting agents, and curing agents; and epoxy, acrylic and polyurethane-based adhesives, and tooling resin formulations. In addition, Huntsman Corporation offers textile chemicals, dyes, and titanium dioxide. The company?s products are used in various applicatio ns, including adhesives, aerospace, automotive, construction products, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals, and dye industries. Huntsman Corporation was founded in 1970 and is based in Salt Lake City, Utah.
Advisors' Opinion:- [By Dan Caplinger]
Another source of potential problems is the titanium dioxide market. DuPont has made substantial investments in boosting TiO2 production based on the extremely high demand seen a couple of years ago, but buyers stockpiled substantial amounts of the chemical in order to avoid paying ever-higher prices. DuPont joined competitors Huntsman (NYSE: HUN ) and Tronox (NYSE: TROX ) in implementing TiO2 price increases, with DuPont's effective July 1, but the question remains whether the paint makers that need the chemical will keep buying or continue to seek cheaper substitutes.
- [By Lauren Pollock]
Among the companies with shares expected to actively trade in Tuesday’s session are Cummins Inc.(CMI), Actavis(ACT) PLC and Huntsman Corp.(HUN)
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