Founded in 1906, ONEOK (OKE) is a large energy midstream service provider with an especially dominant presence in the shale formations of Oklahoma. The firm's pipelines and storage facilities are connected to over 140 gas processing facilities across the country, making it incredibly valuable to its core natural gas liquid (NGL) customers. Source: ONEOK Fact [...]
Founded in 1985, Blackstone Group L.P. (BX) is the world’s largest alternative asset manager with about 2,400 employees and $450 billion in assets under management. The firm specializes in private equity (direct ownership of private companies), real estate, hedge funds, and investing in private debt. Source: Blackstone Investor Presentation Blackstone earns its money by charging [...]
Founded in 1997, Annaly Capital Management (NLY) is the largest and oldest mortgage REIT (mREIT) in America with over $100 billion in assets. The firm primarily invests in residential mortgages that are guaranteed by Fannie Mae and Freddie Mac. Like all mREITs, Annaly’s business model involves borrowing at short-term (lower) interest rates, in order [...]
Founded in 1932, Stepan Company (SCL) produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products around the world. The company operates in three segments: Surfactants (67% of sales, 56% of profits): offers surfactants that are used as principal ingredients in consumer and industrial cleaning products, such as detergents [...]
Founded in 1961, Lancaster Colony (LANC) is a specialty food maker that owns several niche dip, bread, frozen roll, crouton, dressing, and flatbread brands, including Marzetti, New York Bakery, Sister Schubert’s, Flatout, Aunt Vi’s, Reames, Mamma Bella’s, Romanoff, and Chatham Lodge. In addition, Lancaster makes licensed products including Olive Garden dressing, Jack Daniel’s mustard, and [...]