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,In their most recently reported quarterly results (ended 6/30/2015), the company's cost of sales dropped significantly when compared to 2014.For Q2 2015, the company had significant margin expansion within their specialty products segment - gross profit per barrel increased to $44.22 per barrel versus $32.67 per barrel in Q2 2014, an increase of 35%.And Calumet has a robust distribution history and has regularly increased its distributions in the past.In 2011, the company paid shareholders $0.475 per unit.The current distribution of $0.685 per unit has held steady the past eight quarters.This breaks down to an increase of 44.2% or a 9.6% increase over the last four years.
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,That's also why the road between iTunes and the iPod is (at least in theory) a one-way street.You can load up your iPod with new music from iTunes till the cows come home.And Apple realizes that accidents happen.Hard drives crash.Computers end up at the bottom of swimming pools, in the hands of thieves or in deserted hotel rooms thousands of miles from home.VHS video is inconvenient in today's digital world, and there are a lot of people who want to convert their older video recordings to DVD.You can certainly find a service that will make this conversion for you, but these transfers can get expensive if you have several VHS tapes to convert.
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,Again, a lot of this is blind drilling.It's expensive.Groundwater is collected and tested for gold and all the various poisons, such as arsenic, antimony, thallium and mercury, which are normally associated with Carlin-style deposits.This play is stunning because although it is within eyesight of the Cortez Hills deposit, it's in a geological setting where no one would think of wasting any money to explore.Is that correct?JK: Yes.Cortez Hills is part open-pit and part underground mine.Finding a new near-surface deposit in the outcropping part of Nevada is going to be difficult.Where are we in the current discovery cycle? How long do investors have to wait before some of these pay off?JK: The easy gold has already been found in Nevada.
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,One method of identifying a werewolf in its human form was to cut the flesh of the accused, under the pretense that fur would be seen within the wound.My first memories of Lily of the Valley were visiting my grandmother's house in the country as a child.As the years passed and my grandmother moved to the city; the adults had the foresight to dig up her most favorite flowers and plants and transplant into their own yards.As an adult now with my own home, the Lily's have been planted in my own yard.They love it there, like it was meant to be.The Lily's make me feel special like I was meant to be keeper of the Lily's.
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,It appears that right now investors believe munis will maintain their tax-exempt status.In fact, if higher taxes are imposed in 2013, then munis could look more attractive.Unless Congress acts, the top marginal rate will increase by 4.6% and the Affordable Healthcare Act will add 3.8% to investment income.So a 4% muni yield would compare to a 7.1% yield on a taxable investment assuming a new marginal tax rate of 43.4%.Investors have taken notice of these attractive valuations and have added $48.1 billion into muni mutual funds and ETFs this year.(click to enlarge)Supply and demand technicals are also making municipal bonds attractive going forward.
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