Thomas Barwick/DigitalVision via Getty Images Investment Thesis The last time I wrote about Home Depot (NYSE:HD), in November 2023, I talked about how the company’s investments in technology should allow it to be more efficient. However, I did raise my concern about the company’s strategy to shift its focus towards the Professional segment. I had…
Brothers91/E+ via Getty Images TFI International (NYSE:TFII) is a leading transportation and logistics company and the stock is part of my long-term portfolio which was added last year. I think that it is rare to find a business such as this and have a chance to add it to the portfolio when there could still…
ArtistGNDphotography/E+ via Getty Images Intro If we pull up a technical chart of Snap One Holdings Corp. (NASDAQ:SNPO) (US-based commercial & residential smart-living solutions outfit), we see that shares quickly (on the announcement of the pending acquisition by Resideo) moved up toward the buyout price of $10.75 a share. Astute shareholders would have sold their…
Arseniy Rogov Swisscom (OTCPK:SCMWY)(OTCPK:SWZCF), as we pointed out in our last article, had smaller CAPEX burdens. This has in turn allowed them to double their market share in Italy inorganically through the acquisition of Vodafone Italy, which was a major player along with Swisscom’s own Fastweb. The acquisition seems reasonable by every metric. The only…
Natalia SO/iStock Editorial via Getty Images Argentina’s banking system has long been a fragmented one, with no major bank, not even the state-owned Banco Nacion, holding a dominant share of system assets. But ongoing economic turbulence and the rise of a new economic regime under President Javier Milei mark a potential step-change in future industry…
gorodenkoff/iStock via Getty Images The last time I spoke about Alpine Immune Sciences, Inc. (NASDAQ:ALPN) was when it was gearing up to report additional data from its phase 1/2 RUBY-3 study using povetacicept for the treatment of patients with various kidney diseases, since this was a basket study. I wrote about this biotech in a…
Martin Barraud/OJO Images via Getty Images Vertex Pharmaceuticals (NASDAQ:VRTX) announced yesterday it will acquire Alpine Immune Sciences (NASDAQ:ALPN) for $65 per share, which translates to $4.9 billion market value or $4.6 billion net of cash. Vertex is gaining povetacicept, a phase 3-ready clinical candidate for the treatment of IgA nephropathy with pipeline in a drug…
Mireya Acierto/DigitalVision via Getty Images Today’s article dials in on Apartment Income REIT Corp. (NYSE:NYSE:AIRC), a U.S.-based REIT targeting upmarket residential units. The rationale for this thesis stems from Blackstone’s (NYSE:BX) agreement to acquire Apartment Income REIT Corp. in a deal worth a reported $10 billion. Apartment Income REIT Corp.’s market price surged by more…
Sundry Photography Recap In our last article on Coupang (NYSE:CPNG), we highlighted Coupang’s strong position in logistics as a key factor in driving its market share growth. Additionally, we observed robust growth in Taiwan, surpassing the growth seen in South Korea post-Rocket launch. Yet, we believe that Coupang’s stock was trading within its fair value…
tupungato Tapestry, Inc. (NYSE:TPR) has captured a new wave of operating and financial momentum, quietly pushing shares to a near 3-year high. The company’s latest quarterly report beat expectations, highlighted by expanding margins, turning the page on a challenging last couple of years between the pandemic disruptions and the more recent wave of inflationary cost…
Ratchapon Supprasert/iStock via Getty Images Investment Thesis Recent underperformance in Redishred’s (TSXV:KUT:CA)(OTCPK:RDCPF) share price presents investors with an opportunity to purchase an underfollowed microcap with a strong M&A strategy, that is currently trading at a ~14% LTM free cash flow yield. Description Redishred is primarily a paper shredding business that was founded in 2006 with…
Renowned whistleblower Edward Snowden has made a bold prediction on X today, suggesting that a national government will enter the Bitcoin market this year by purchasing BTC. JUST IN: Edward Snowden predicts "A national government will be revealed this year to have been buying #Bitcoin without having disclosed that fact publicly." pic.twitter.com/ECauNV3DvA — Bitcoin Magazine…
wenbin/Moment via Getty Images Over the past year or so, we have seen a large number of mergers and acquisitions in the oil and gas exploration and production market. When companies combine, they do so with the hope of achieving significant cost savings that they call synergies. These savings come from a number of factors,…
AlexandrBognat/iStock via Getty Images Elevator Pitch I have a Buy investment rating for BYD Electronic (International) Company Limited (OTCPK:BYDIF) (OTCPK:BYDIY) [285:HK]. Previously, I touched on the risk relating to the company’s customer concentration, and BYDIF’s efforts to diversify its client mix in my June 1, 2020 article. In its 1H 2023 interim report, BYD Electronic…
NurPhoto/NurPhoto via Getty Images Microsoft’s (NASDAQ:MSFT) Activision Blizzard acquisition has meant high short-term costs, but due to Microsoft’s liquidity, it has had a minimal effect on its balance sheet. As such, the net long-term benefit for Microsoft as a result of the deal reiterates my Buy investment case for MSFT shares at this time, even…
Pressure BioSciences, Inc. (OTC:PBIO) Acquisition of Uncle Bud’s Conference Call February 5, 2024 4:30 PM ET Company Participants Richard Schumacher – Founder, President and CEO Jeff Peterson – Chairman of the Board John Hollister – Head of Sales and Marketing Bruno Schiavi – President of Uncle Bud’s Garrett Greller – Director of Marketing and Co-Founder…
bennymarty/iStock Editorial via Getty Images Hilton Grand Vacations (NYSE:HGV) is a timeshare company that was spun off from Hilton Worldwide Holdings (HLT) in 2017 but is allowed to use Hilton names and many of its properties with a special licensing deal. The company recently announced that it finalized the highly anticipated acquisition of Bluegreen Vacations…
blackred/iStock via Getty Images Digital World Acquisition (NASDAQ:DWAC) (DWACU) (DWACW) stock soared over the last few weeks because of a string of victories for this SPAC that is planning to merge with Donald Trump’s Trump Media and Technology Group – TMTG. Is DWAC trading as an investment security or is it instead trading as a…
LIgorko Kaman (NYSE:KAMN) just announced an acquisition offer for the company at $46 per share for all shares outstanding in cash, including for all outstanding options and warrants related to equity compensation causing the share price to double. Markets have priced in a certainty that the transaction will go through, hopefully reflecting that allocators that…
Spot Bitcoin ETF applicants have set low fees to attract fund advisors with experts highlighting that custodians will be forced to lower fees to remain competitive in the near future. The race to attract institutional clients to invest in spot Bitcoin Exchange-Traded Funds (ETFs) has trickled down to the specific sponsor fees. With investors having…
The acquisition of Solscan by Etherscan comes at a time when activities on the Solana ecosystem garnered interest from crypto traders due to the resurgence of meme tokens. Etherscan, a renowned blockchain explorer focusing on the Ethereum ecosystem, has announced the acquisition of Solscan, another prominent crypto data provider for the Solana protocol. In an…
Srivaru Holding Limited Introduction Ahead of the special meeting to vote on the upcoming merger with SRIVARU Holding Limited (NASDAQ:SVMH), we were invited to meet with the CEO of SPAC Mobiv Acquisition Corp, Peter Bilitsch, and the CEO of SRIVARU, Mohan Ramasamy via videoconference. Due to our busy schedule, we were unfortunately unable to attend…
bjdlzx Like any other “trend” or noteworthy industry activity, there is a tendency for “all the players” to head in the same direction. But shareholders are paying management to find a deal or a low-cost way that the main crowd does not find. Crescent Energy (NYSE:CRGY) is a major consolidator that does not follow the…
Hirurg/E+ via Getty Images Investment Thesis FirstService (NASDAQ:FSV) is an essential outsourced property service provider in North America. It has acquired Roofing Corp of America which I believe can act as primary catalyst to growth of the company by expanding its geographic footprint and customer base. About FSV FSV deals in the essential outsourced property…
gorodenkoff/iStock via Getty Images Mirati Therapeutics, Inc. (NASDAQ:MRTX) is at the forefront of oncological biotechnology. Its star product is adagrasib, commercially known as Krazati, a drug for treating KRAS G12C-mutated non-small cell lung cancer, which obtained accelerated approval from the FDA. This successful drug got the interest of Bristol-Myers Squibb (BMY) to acquire MRTX for…
Bilanol Investment Thesis Altus Power (NYSE:AMPS) mainly offers clean electric power to the industrial, commercial, public sector, and Community Solar customers. The company has recently acquired Unico Solar, which can accelerate its growth by expanding its presence on the West Coast. This acquisition can also benefit the company by boosting the flow of its pipeline…
TU IS Summary I’m following up on my coverage of Lumentum Holdings (NASDAQ:LITE), where I previously recommended a hold rating as the inventory situation did not see any improvements at all. Management comments back then were also painted with a very uncertain outlook. This post is to provide an update on my thoughts on the…
Adobe’s $20 billion bid to buy its competitor Figma has been officially terminated. Last year, Adobe Inc (NASDAQ: ADBE) revealed its plans to pay $20 billion in cash and stock to acquire Figma, a popular cloud-based design platform. This would have not only increased Adobe’s market share but also its market power, which causes concerns…
Amornrat Phuchom Introduction My interest in this company was sparked when a news head flashed by regarding a successful 2b study that blew away the competition in Hidradenitis suppurativa (HS), an inflammatory disease. The news had a negative impact on one of my portfolio holdings, namely UCB (OTCPK:UCBJF) , that markets a competing drug molecule…
Mario Tama/Getty Images News Digital World Acquisition Corp. (NASDAQ:DWAC) is a publicly traded special-purpose acquisition company in a merger agreement with Trump Media & Technology Group (TMTG). The stock gained attention after experiencing an 800% surge in share price in October 2021, primarily attributed to its association with former President Donald Trump. Data by YCharts…
Aslan Alphan/iStock via Getty Images Do you wonder why companies are willing to pay what appears to be a hefty premium for other companies? If so, take a look at the four points below. What happened? In the biggest blockbuster acquisition since acquiring Allergen for over $60 billion in 2019, AbbVie (NYSE:ABBV) has agreed to…
Sean Rayford/Getty Images News On September 2, 2021, special purpose acquisition company Digital World Acquisition Corp. (NASDAQ:DWAC) held its initial public offering. The following month, the SPAC announced it was merging with Trump Media & Technology Group (TMTG), a recently-formed company centered around former President Donald Trump. The merger was a financial sensation: DWAC soared…
Julia_Sudnitskaya/iStock via Getty Images Summary Graphic Packaging Holding Company (NYSE:GPK) is a leading provider of paper-based packaging solutions, mainly for the food, beverage, and consumer product segments. It specializes in the design and manufacturing of folding cartons, foodservice packaging, and other paper-based products. As a direct result of GPK’s third quarter results, which reported declining…
As part of the deal, Pulsar Finance’s flagship product Portfolio, will undergo integration into Terraform’s Station, a cross-chain wallet. Terra blockchain’s leading developer Terraform Labs announced the acquisition of the cross-chain portfolio management and analytics startup Pulsar Finance. This development arises as Terraform grapples with ongoing legal challenges arising from the demise of the algorithmic…
The UBS report for Q3 2023 showed that the company’s net loss increased because of expenses necessary due to the Credit Suisse integration. Multinational investment bank and financial services company UBS Group AG (SWX: UBSG.SW) has published its report for Q3 2023, showing a disappointing net loss. The banking giant announced $785 million in net…
Together, Rise In and BlockBeam aim to provide the best possible learning and career-building experience for developers across the globe, promising to lead the way in shaping the future of Web3 technology and innovation. Rise In, a pioneering education platform, has taken a significant step towards enhancing its Web3 talent pool by acquiring BlockBeam, one…
Robert Way Summary Following my coverage of L’Oréal (OTCPK:LRLCF), I recommended a buy rating due to my expectation that LRLCF’s growth and margins would recover towards normalcy. This post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for LRLCF due to its strong current quarter…
After the transaction is finalized, Chevron plans to escalate share repurchases by $2.5 billion, reaching the upper limit of its annual guidance range of $20 billion. Chevron Corporation, one of the leading global energy companies, has today announced its agreement to acquire an American oil production firm Hess for $53 billion. The deal is part…
Sean Gallup Investment Thesis While PayPal’s (NASDAQ:PYPL) stock has recently hit a six-year low at $53.94 per share, the anticipation of a remarkable threefold increase in the projected EPS to $4.95 for the coming year paints a compelling growth story. Despite this growth potential, the stock price hasn’t seen a corresponding uptick, raising questions about…
The company is also working on new features that will read and analyze financial data to create summaries and reports. Business software provider NetSuite announced that it will be adding artificial intelligence (AI) features to its finance software. The AI integration will help companies by automating tasks such as writing collection letters or tracking delayed…
Sinenkiy/iStock via Getty Images Investment Thesis Allegion plc (NYSE:ALLE) is in the business of providing electronic and mechanical access control for both business and non-business customers. I previously published articles, “Allegion: Excessively High Multiple Remains A Concern“, on Jul. 29, 2021, and, “Allegion: Decline In Multiple Makes For Possible Buy“, on Feb. 23, 2022, both…
Tippapatt Investment action Based on my current outlook and analysis of J. M. Smucker (NYSE:SJM), I recommend a hold rating. SJM has shown remarkable growth in 2023, driven by the easing of the COVID-19 pandemic. Even amidst COVID-19 challenges, SJM maintained its margins well, reflecting its robust cost management. The acquisition of Hostess emerges as…
South_agency/E+ via Getty Images The proposed acquisition of iRobot Corporation (NASDAQ:IRBT) by Amazon (AMZN) has garnered significant attention. Thus, I’ll analyze IRBT’s business model, its pioneering role in the consumer robotics niche, and the potential implications of its acquisition by Amazon. Indeed, IRBT has carved a niche with its innovative product line, notably the Roomba…
Justin Sullivan/Getty Images News Campbell Soup Company (NYSE:CPB) sells ready-to-serve soups among other food products. The company is looking to acquire Sovos Brands to freshen the company’s offering and to improve Campbell’s top-line growth. Although the company doesn’t have a high amount of growth, I believe the stock is worthy of having on a watchlist…
The announcement of this landmark deal follows a recent report which hinted at the two companies’ progress toward an agreement. Since that report, Pioneer shares have surged by over 10%. ExxonMobil Corp (NYSE: XOM) has announced its agreement to acquire shale rival Pioneer Natural Resources Co (NYSE: PXD) for a staggering $59.5 billion in an…
In a strategic move to bolster its European expansion, cryptocurrency exchange Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a Netherlands-based digital asset broker. The planned acquisition follows the recent implementation of the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, which governs the operations of crypto exchanges in the region, including…
Until FTX collapsed in November, FTX Europe was the only firm offering special crypto derivatives (perpetual futures) to the European market. Reports have emerged that Coinbase considered acquiring FTX Europe after the exchange’s bankruptcy in November. While the acquisition talks were not successful, Coinbase’s interest in FTX Europe underlines how important derivatives have become to…
Urupong/iStock via Getty Images By and large, in spite of results that generally beat expectations in the Q2 earnings season, most individual stocks were unable to surmount downside pressure from high interest rates. This is especially true of unprofitable growth stocks, and even more so for companies that are experiencing a decelerating growth trajectory. Sprout…
A multimillion-dollar security incident involving a Fortress third-party vendor took place in the hours leading to the takeover by Ripple. Ripple has shared the reason behind its accelerated acquisition of Fortress Trust which took place on September 8. According to the financial technology company, the deal was already on the table, albeit without any urgency…
Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process. Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendor’s cloud tools….