Raymond James (RJF) said Wednesday that it will train 10 client associates a year to become advisors. This move comes on the heels of a pilot program for associates, which it started last year, to boost the number of female advisors and to groom successors for retiring advisors.
“We want to create a career path for service associates who want to advance,” said Tash Elwyn of Raymond James & Associates (RJA) Private Client Group, the company’s employee broker-dealer, in a statement. “We also know that by being exposed to this education, participants will gain many new talents in working with their respective advisors and teams and improving their skills, whether or not they ever pursue the ultimate goal of becoming financial advisors.”
The program received a flood of applications, but just two candidates from each of RJA’s five geographic divisions were accepted.
Male associates are eligible, too, but most associates are women.
10 Best Semiconductor Stocks To Invest In Right Now: G-III Apparel Group Ltd (GIII)
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women�� suits and women�� performance wear, as well as luggage and women�� handbags, small leather goods and cold weather accessories. It operates in three segments: wholesale licensed products, wholesale non-licensed products and retail operations. The wholesale licensed products segment includes sales of products under brands licensed by it from third parties. The wholesale non-licensed products segment includes sales of products under its own brands and private label brands. The retail operations segment consists almost entirely of the operations of its Wilsons outlet stores. The Company sells its products under its own brands, which include Andrew Marc, Marc New York and Marc Moto, licensed brands and private retail labels. In August 2012, the Company acquired Vilebrequin, a provider of swimwear, accessories and resort-wear. Effective November 4, 2013, G-III Apparel Group Ltd acquired GH Bass & Co.
The Company provides apparel under recognized brands to a cross section of retailers, such as Macy��, Bloomingdale��, Nordstrom, Lord & Taylor, The Bon-Ton Stores, Dillards, JC Penney, Belk and Kohl��. As of January 31, 2012, the Company operated 139 retail stores, of which 135 are outlet stores operated under the Wilsons Leather name and four are outlet stores operated under its Andrew Marc brand. It has licenses to produce branded fashion apparel under the Calvin Klein, Kenneth Cole, Cole Haan, Guess?, Tommy Hilfiger, Levi��, Dockers, Jessica Simpson, Ellen Tracy, Kensie, Mac & Jac, Jones New York, Sean John and Nine West brands, among others. It also has sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and over 100 United States colleges and universities. G-III sells outerwear, dresses and handbags under the Company�� own Andrew Marc, Marc ! New York and Marc Moto brands and has licensed these brands to select third parties in certain product categories. Its other owned brands include, among others, Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl Banks and Winlit.
The Company works with a group of retailers, such as JC Penney, Kohl�� and Express in developing private label product lines. G-III�� products are sold primarily to department, specialty and mass merchant retail stores in the United States. It sells to approximately 2,400 customers, ranging from national and regional chains to small specialty stores. It also distributes its products through its retail outlet stores. It also markets its products in Canada, Europe and the Far East.
G-III�� branded apparel also consists of both women�� and men�� products. The Andrew Marc line of women�� and men�� luxury apparel is sold to upscale department and specialty retail stores. The Marc New York line of women�� and men�� better priced outerwear is sold to upper tier stores. The Marc Moto line is a men�� denim lifestyle collection of sportswear and accessories. The Jessica Howard label is a moderate price dress line that sells to department stores, specialty stores and catalogs. Eliza J is a better dress line that sells to better department and specialty stores. The Black Rivet line of apparel consists of women�� and men�� outerwear. It sells men�� sports-related apparel under its G-III Sports by Carl Banks label.
Advisors' Opinion:- [By Jake L'Ecuyer]
Shares of G-III Apparel Group (NASDAQ: GIII) got a boost, shooting up 10.65 percent to $64.50 after the company reported upbeat Q3 results and raised its FY14 forecast.
- [By Amal Singh]
G-III Apparel (NASDAQ: GIII ) has a strong portfolio of 30 licensed brands, marketing apparel, outerwear, beachwear, luggage, women's handbags, small leather goods, and accessories, to name a few of its products. The company sells its apparel�offerings under popular brand names like Andrew Marc, Jessica Howard, Calvin Klein, Levi's, and Tommy Hilfiger. The company has also announced plans to revive the Starter Statin jacket franchise�. It is also looking at acquisitions and mergers to grow its business moving forward�.
- [By John Udovich]
Small cap apparel stock G-III Apparel Group, Ltd (NASDAQ: GIII) has been making bullish moves lately plus the stock is up 97.1% since the start of the year, making it the third best performing apparel stock (according to stock screener Finviz)�after small cap�Ever-Glory International Group Inc (NYSEMKT: EVK) and mid cap Fifth & Pacific Companies Inc (NYSE: FNP) followed by mid cap Hanesbrands Inc (NYSE: HBI). But is the G-III Apparel Group dressed for long term success for investors?
- [By alicet236]
G-III Apparel Group Ltd. (GIII): CEO, 10% Owner Morris Goldfarb Sold 200,000 Shares
CEO, 10% Owner of G-III Apparel Group Ltd. (GIII) Morris Goldfarb sold 200,000 shares on 01/14/2014 at an average price of $70.9. G-III Apparel Group Ltd is a Delaware corporation that was formed in 1989. G-III Apparel Group Ltd. has a market cap of $1.46 billion; its shares were traded at around $71.45 with a P/E ratio of 20.60 and P/S ratio of 0.91. G-III Apparel Group Ltd. had an annual average earnings growth of 22.20% over the past 10 years. GuruFocus rated G-III Apparel Group Ltd. the business predictability rank of 3.5-star.
Top 5 Sliver Companies For 2014: Camden National Corporation(CAC)
Camden National Corporation operates as the holding company for Camden National Bank, which provides commercial and consumer banking products and services to the individuals, businesses, municipalities, non-profits, and commercial customers. The company offers various deposit products, including NOW accounts, transaction accounts, time deposits, savings accounts, money market accounts, certificates of deposit, brokered deposits, and demand deposits. Its loan products comprise residential mortgage loans, commercial business loans, commercial real estate loans, and various consumer loans. The company offers its products and services through a network of 37 banking offices and ATMs in the Maine counties of Androscoggin, Cumberland, Franklin, Knox, Lincoln, Penobscot, Piscataquis, Somerset, Waldo, and York. In addition, it operates nine Union Trust branches in Hancock and Washington counties, Maine. The company, through Acadia Financial Consultants, provides full-service broke rage and insurance services, including college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Camden National Corporation, through its subsidiary, Acadia Trust, N.A., offers various trust, trust-related, investment, and wealth management services, as well as retirement and pension plan management services to individual and institutional clients. The company was founded in 1875 and is headquartered in Camden, Maine.
Advisors' Opinion:- [By Eric Volkman]
Camden National (NASDAQ: CAC ) has elected not to change its dividend policy for the moment. The company declared a quarterly payout of $0.27 per share, to be handed out on July 31 to shareholders of record as of July 15. That amount matches the company's previous distribution, which was dispensed at the end of April. Before that, Camden National paid a regular distribution of $0.25 per share in every quarter stretching back to April 2008.
- [By Sarah Jones]
National benchmark indexes climbed in 13 of the 18 western European markets this week. The U.K.�� FTSE 100 gained 1.3 percent, France�� CAC 40 (CAC) climbed 1.8 percent and Germany�� DAX Index jumped 1.5 percent.
- [By Sarah Jones]
National benchmark indexes climbed in all 18 western European markets, except Greece. The U.K.�� FTSE 100 increased 2 percent and Germany�� DAX rallied 2.4 percent. France�� CAC 40 (CAC) jumped 3.6 percent for the biggest gain since August.
Top 5 Sliver Companies For 2014: Cliffs Natural Resources Inc (CLV)
Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal. The Company�� operations are organized according to product category and geographic location: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal, Latin American Iron Ore, Ferroalloys, and its Global Exploration Group. The Company operates in four segments: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal and Asia Pacific Iron Ore. In the United States, it operates five iron ore mines in Michigan and Minnesota, five metallurgical coal mines located in West Virginia and Alabama and one thermal coal mine located in West Virginia. It also operates two iron ore mines in Eastern Canada that primarily provide iron ore to the seaborne market for Asian steel producers. Its Asia Pacific operations include two iron ore mining complexes in Western Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore, and a 45% interest in a coking and thermal coal mine located in Queensland, Australia. In Latin America, it has a 30% interest in Amapa, a Brazilian iron ore project, and in Ontario, Canada, it has a chromite project in the pre-feasibility stage of exploration. On May 12, 2011, the Company completed the acquisition of Consolidated Thompson Iron Mining Limited.
U.S. Iron Ore and Eastern Canadian Iron Ore
The Company is a global iron ore producer, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States and Canada, and production from Eastern Canadian Iron Ore to the seaborne market for Asian steel producers. The Company manages and operates five iron ore mines located in Michigan and Minnesota and two iron ore mines in Eastern Canada. As of December 31, 2011, the United States-based mines and one of the mines in Eastern Canada had an annual rated capacity of 38.5 million gross tons of iron or! e pellet production. The second iron ore mine that the Company manages and operates in Eastern Canada had an annual rated capacity of 8.0 million gross tons of iron ore concentrate as of December 31, 2011. During the year ended December 31, 2011, the Company produced a total of 31.0 million tons of iron ore pellets at U.S. Iron Ore, including 23.7 million tons for its account and 7.3 million tons on behalf of steel company partners of the mines.
At Eastern Canadian Iron Ore, it produced a total of 6.9 million metric tons of iron ore pellets and concentrate during 2011, with concentrate production measured from the date of its acquisition of Consolidated Thompson in 2011. The Company produces various grades of iron ore pellets, including standard, fluxed and high manganese, for use in its customers��blast furnaces as part of the steelmaking process. As of December 31, 2011, it had approximately 1.2 million tons of pellets, respectively, in inventory at lower lakes or customers��facilities. During 2011, the Company sold 24.2 million tons of iron ore pellets, respectively, from its share of the production from the Company�� U.S. Iron Ore mines. Its Eastern Canadian Iron Ore revenues are derived from sales of iron ore pellets and concentrate to the seaborne market for Asian steel producers. The iron ore pellets produced by Eastern Canadian Iron Ore are sold to various customers. During 2011, the Company sold 7.4 million metric tons of iron ore pellets and concentrate, respectively, from its Eastern Canadian Iron Ore mines.
North American Coal
The Company owns and operates five metallurgical coal mines located in West Virginia and Alabama and one thermal coal mine located in West Virginia that had a rated capacity of 9.4 million tons of production annually in 2011. In 2011, the Company sold a total of 4.2 million tons. North American Coal�� metallurgical coal production is sold to global integrated steel and coke producers in Europe, Latin America and North Am! erica, an! d its thermal coal production is sold to energy companies and distributors in North America and Europe.
Asia Pacific Iron Ore
The Company�� Asia Pacific Iron Ore operations are located in Western Australia and include its wholly owned Koolyanobbing complex and its 50% interest in Cockatoo Island. Production in 2011, was 8.9 million metric tons. These two operations supply a total of three direct-shipping export products to Asia via the global seaborne trade market. Koolyanobbing produces a standard lump and fines product. Cockatoo Island produces a single premium fines product. The lump products are directly fed to blast furnaces, while the fines products are used as sinter feed. Koolyanobbing is a collective term for the operating deposits at Koolyanobbing, Mount Jackson and Windarling. There are approximately 60 miles separating the three mining areas. Cockatoo Island is located off the Kimberley coast of Western Australia, approximately 1,200 miles north of Perth Cockatoo Island produces a single high-grade iron ore product known as Cockatoo Island Premium Fines. During 2011, it sold 8.6 million metric tons of iron ore from its Western Australia mines.
The Company competes with ArcelorMittal Mines Canada, U.S. Steel Canada Inc., Alpha Natural Resources, Inc., Patriot Coal Corporation, CONSOL Energy Inc., Arch Coal, Inc., Walter Energy, Inc., Peabody Energy Corp. Anglo, BHP and Fortescue Metals Group Ltd., Rio Tinto plc, Vale, BHP, Teck Resources Limited and Xstrata plc.
Advisors' Opinion:- [By Henry Nyce]
Cliffs Natural Resources (CLV) closed at $18.55 yesterday. At that price CLV offers 10.5% per share. Originally offered at $25.00 per share, CLV can now be purchased well below the offering price. It is designed to pay distributions of 7.00% per annum ($1.75 per annum or $0.4375 per quarter) to be paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the immediately preceding 1/15, 4/15, 7/15 & 10/15 respectively.
Top 5 Sliver Companies For 2014: Hanmi Financial Corporation(HAFC)
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides general business banking products and services in the United States. Its deposit product line comprises business and personal checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company?s loan portfolio includes real estate loans, such as commercial property, construction, and residential property loans; commercial and industrial loans comprising commercial term loans, commercial lines of credit, small business administration loans, and international trade finance; and consumer loans consisting of automobile loans, secured and unsecured personal loans, home improvement loans, home equity lines of credit, overdraft protection loans, and unsecured lines of credit and credit cards. It also offers various insurance products, such as life, commercial, automobile, health, and property and casualty. The company serves the Korean-American community, as well as other communities in the multi-ethnic populations of Los Angeles County, Orange County, San Bernardino County, San Diego County, the San Francisco Bay area, and the Silicon Valley area in Santa Clara County. As of December 31, 2010, it operates a branch network of 27 full-service branch offices in California and one loan production office in Washington. Hanmi Financial Corporation was founded in 1981 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By GuruFocus]
Hanmi Financial Corporation (HAFC): President and CEO Chong Guk Kum Bought 1,821 Shares
President and CEO of Hanmi Financial Corporation (HAFC) Chong Guk Kum bought 1,821 shares on 09/20/2013 at an average price of $16.27. Hanmi Financial Corporation has a market cap of $513.615 million; its shares were traded at around $16.27 with a P/E ratio of 10.95 and P/S ratio of 3.82. The dividend yield of Hanmi Financial Corporation stocks is 0.43%.
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