nikkytok Note: Vantage Drilling International or “Vantage Drilling” (OTCPK:VTDRF) has been discussed by me previously, so investors should view this article as an update to my earlier coverage of the company. Since I initiated coverage of small, Dubai-based offshore driller Vantage Drilling International two years ago, shares have more than doubled and reached new post-bankruptcy…
Monty Rakusen/DigitalVision via Getty Images Growth through acquisitions has long been key to the Neogen (NASDAQ:NEOG) growth story, but the key to such a strategy is efficiently integrating those deals and the bigger the deal, the more crucial execution becomes. So far, the integration process of Neogen’s acquisition of 3M‘s (MMM) food safety operations can…
cmannphoto We’re reviewing Mid-America Apartment Communities (NYSE:MAA) Q4 2023 earnings with a potential investment in mind, but we’re cautious given the current economic landscape. We find the current valuation attractive already but would like to see another dip before initiating a position. We anticipate MAA facing tougher challenges compared to other housing REITs due to…
Neilson Barnard Investment Thesis While Disney’s (NYSE:DIS) flagship streaming service, Disney+, was originally launched as a competitor to Netflix (NFLX) in 2019, the platform’s growth has plateaued. While the platform had an initial period of strong growth, I predict their subscriber growth plateau is a bigger problem than it appears and it is a symptom…
Michael M. Santiago A new theme has emerged in the fourth quarter for investors in business development companies: Credit quality. A number of BDCs have disappointed here lately, including Oaktree Specialty Lending Corp. (OCSL) and FS KKR Capital (FSK) whose reports caused a good amount of value destruction for shareholders. Goldman Sachs BDC (NYSE:GSBD) just…
SimonSkafar/E+ via Getty Images Generally speaking, experiencing revenue growth is a positive thing for companies. However, it doesn’t always mean that bottom line improvement will follow. And at the end of the day, it’s the profits and cash flows of an enterprise that determine its value, not the amount of sales it brings in. A…
NurPhoto/NurPhoto via Getty Images Investment Thesis Almost 11 months have passed since I first covered Kroger (NYSE:KR) and assigned the stock a “Buy” rating. Despite the stock substantially lagging behind the S&P 500 over the same period, it is difficult for me to say that my bullish thesis did not age well. KR delivered a…
Jeremy Poland Vaalco Energy, Inc. (NYSE:EGY) shares fell sharply on the news of a coup in Gabon. But the business of the company is primarily offshore and, therefore, largely affected by the government change. Furthermore, the company has significant business in Canada and Egypt to offset any increasing risk of doing business in Gabon. The…
davelogan/iStock via Getty Images FirstEnergy (NYSE:FE) is a holding company for ten electric utility companies in the Midwest and Mid-Atlantic. Collectively they serve over 6.2 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company was incorporated in 1996 and became a wholly regulated utility in 2016. It is currently…
Christian Feldhaar A Quick Take On AdaptHealth AdaptHealth Corp. (NASDAQ:AHCO) sells and rents medical equipment and provides supplies to patients in the United States. With a recent strong downgrade of AHCO to underperform by BofA for numerous reasons, I see no compelling case for immediate upside until the company resolves its various internal issues. My…
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…
Investors of the digital green bond now have the option of settling the transaction through on-chain EUR CoinVertible, a digital asset that was issued by SG-FORGE earlier this year. Leading multinational financial services provider based in Paris Societe Generale SA (EPA: GLE) has announced the launch of its first digital green bond that is issued…
Bulgac Investment thesis Our current investment thesis is: LEG has a market-leading position across various manufacturing industries, built on strong innovation, customer recognition for quality, and large scale. The business has seen mild growth for an extended period, as it has struggled to gain market share and has been conservative with allocating capital to growth….
Jeremy Poland Chevron Corporation (NYSE:CVX) common shares sank on earnings-related issues and now the threat of war between Guyana and Venezuela. Evidently Venezuela, which has completely destroyed a once-thriving oil industry, now wants to wreck another. More seriously, all the issues that have caused the Chevron stock price to tumble are likely to be quickly…
DNY59 Introduction The Vanguard High Dividend Yield ETF (NYSEARCA:VYM) and the Vanguard Value ETF (NYSEARCA:VTV) have nearly $200 billion in combined assets under management and purport to follow different strategies. Earlier this year, I covered VYM here and VTV here, concluding that both were solid funds despite a relatively poor start to the year. However,…
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so…
Do Kwon faces multiple fraud-related and civil allegations from US federal prosecutors. Eight months after his arrest, a court in Montenegro has finally ordered the extradition of Terra founder Do Kwon. Kwon was arrested in Podgorica, the capital city of Montenegro in March, after he was caught trying to flee to Dubai via private jet,…
The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to…
peshkov Back in August, I covered the revenue growth disappointment from cell programming and biosecurity company Ginkgo Bioworks (NYSE:DNA). At that time, the company provided full-year revenue guidance that was well below street expectations, causing analyst estimates to drop. Last week, the company announced its Q3 results, and the reported numbers provide even more uncertainty…
Drew Angerer Q3 Results – Good, But Less Of A Surprise This Time Unlike last quarter when I wrote that Berkshire Hathaway’s (NYSE:BRK.A) (NYSE:BRK.B) results “blew away the bears“, the 3Q results showed similar strength but were more anticipated by analysts. For example, in the preview article here on Seeking Alpha, the CFRA analyst quoted…
Ales_Utovko Late last year, I detailed how rental car giant Hertz (NASDAQ:HTZ) could be in a tough spot moving forward. I was worried about the rise in interest rates along with drops in vehicle pricing, and the stock has lost almost half of its value since. Thursday morning, we received quarterly results from the company,…
The basis for this issuance was Corda, R3’s digital ledger technology (DLT) platform that offers a sustainable infrastructure for digitally native notes. In a first, the World Bank has listed the “first digital native security” or “digital native note (DNN)” on the Luxembourg Stock Exchange (LuxSe). The €100 million DNN, listed on the Luxembourg Stock…
Despite the current AI Hollywood writers are not completely out of their fight with the use of AI. Some experts have shared some areas of concern. The Writers Guild of America recently signed a labor deal with Hollywood Studios, in what seems to be a victory for the Guild. The labor deal involves implementing guardrails…
Google’s announcement comes amid rising concerns over the copyright issues that have been linked with using generative AI. Google is making it its business to legally protect users of generative artificial intelligence (AI) systems within its Google Cloud and Workspace platforms. That is if they are ever faced with copyright infringement allegations. The announcement reads…
Zerbor/iStock via Getty Images Qurate Retail (NASDAQ:QRTEA) (QRTEB) (NASDAQ:QRTEP) made the list of retailers most likely to file for bankruptcy over the next 12 months, with a 9.99%-50% probability, which further depressed the price of QRTEA common stock and QRTEP 8.0% preferred stock this week. While I agree that there is a high probability of…
Eoneren Introduction Arhaus (NASDAQ:ARHS) is an omni-channel retailer of premium home furnishings founded in 1986. The company has a strong brand and a healthy balance sheet but also faces several challenges, including poor customer reviews, quality issues, and low employee satisfaction. Additionally, Arhaus competes in a highly fragmented and competitive market, and its sales are…
jetcityimage As pretty much everyone knows, Dollar General (NYSE:DG) has been beaten down recently. Its stock price has fallen over 50% YTD, and just keeps dropping after every poor quarter. Today, the company is trading for ~11x 2022’s diluted EPS and roughly 16x the low end of their 2023 FY EPS guidance. The company is…
The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies and Su Zhu over…
Sundry Photography With Enphase (NASDAQ:ENPH) down nearly -40% from my initial write-up in March, I wanted to take a closer look at the name. I originally like the company’s growth prospects and transformation into an integrated home energy firm, but thought that its valuation was too pricey, and as such placed a “Hold” rating on…
ebrublue10 Twist Bioscience (NASDAQ:TWST) is slowly making progress in its core SynBio and NGS businesses, but its Biopharma business has execution issues and investment in data storage is being scaled back, potentially delaying commercialization. A greater focus on costs is leading to an improvement in margins, which should continue into FY2024 as production at the…
Olivier Le Moal/iStock via Getty Images 2023 has so far been very good for Legend Biotech (NASDAQ:LEGN). Carvykti’s uptake has improved in the second quarter and the company continues to generate positive clinical data in multiple myeloma patients that I covered in the previous article when the ASCO abstract leaked and showed very strong CARTITUDE-4…