On a Q1 earnings call yesterday, Alliance Resource Partners, a coal mining company worth $2.8 billion that trades under the ticker ARLP on the Nasdaq, reported that it’s mining bitcoin and currently holding 425 BTC on its balance sheet. Nasdaq listed Alliance Resources $ARLP, a $2.8b coal mining company, is mining #bitcoin, and currently holds…
A group of Bitcoin advocates in Switzerland have launched a campaign to convince the Swiss National Bank (SNB) to add Bitcoin to its balance sheet. The nonprofit organization 2B4CH aims to hold a national referendum to amend Switzerland’s constitution to require the central bank to hold Bitcoin. BREAKING: 🇨🇭Bitcoiners to launch a petition for Swiss…
Pauws99/iStock Editorial via Getty Images Note: I previously covered Hafnia (OTCQX:HAFNF). In my last take, I discussed the clean tankers market and the company’s strengths (fleet, balance sheet, and attractive dividends). In today’s analysis, I dissect the last earnings report, update Hafnia’s valuation, and review its rating. Fleet Hafnia owns 116 vessels (10 LR2, 31…
jetcityimage Investment Thesis The 3M Company (NYSE:MMM) has had a rough last couple of years that have been stained by legal battles that have resulted in large legal settlements such as a $6 billion lawsuit related to the sale of defective earplugs and a $10.3 billion lawsuit related to damage caused to U.S. drinking water…
Kevin Dietsch The Fed concluded their second FOMC meeting of the year on March 19th. The official Policy Statement contained two Policy Decisions: The Fed will maintain the Fed Funds Rate at the target range of 5.25% to 5.50% The Fed will continue reducing holdings of its Treasury securities and MBS as previously announced. The…
bjdlzx California Resources (NYSE:CRC) announced a merger with Aera Energy. This merger was possible because California Resources kept the debt low. Therefore, acquiring a higher debt company like Aera was not going to be a traumatic experience for shareholders. Combining the two companies should produce some cost savings through a larger company rather than two…
FuzzMartin Thesis I believe B. Riley Financial, Inc. (NASDAQ:RILY) is in a precarious position with further downside to go because: RILY’s core business is in a risky solvency position. The company has a negative tangible book value yet is trading above book value. Short interest is high, but I believe a squeeze is unlikely until…
Viorika International Money Express (NASDAQ:IMXI) looks like a strong addition to portfolios looking for stable growth and relatively low risk at this time. The company’s shares look undervalued to me despite P/E ratio concerns, and profitability weaknesses could be eased through operational shifts. Operations International Money Express, or Intermex, is a specialist in money remittance…
Bruce Bennett/Getty Images News Investment Thesis Wendy’s (NASDAQ:WEN) is one of the largest quick-service restaurants and fast food chains in North America that is known for their burgers, sandwiches, and other food items. Founded almost 55 years ago, the company expanded rapidly in the 70s and 80s and now has over 7000 locations. Today, it’s…
La_Corivo Introduction Pan American Silver (NYSE:PAAS) is one of my favorite silver miners. Since Yamana’s acquisition, the company has added quality assets, considerably expanding its reserves and resource base. PAAS assets are in countries with relatively low political risk in the Western Hemisphere. Besides that, the revenue per country does not exceed 25%. 3Q23 production…
PixelsEffect A logical pick cut in half There haven’t been many, if any drawdowns of this caliber to grab Pfizer (NYSE:PFE) -50% off highs. The company is down for good reason, investment in the Covid Vaccine solutions has left the company behind from an R&D perspective. While products related to MRNA Covid vaccines continue to…
carterdayne Intro We wrote about West Fraser Timber Co. Ltd. (NYSE:WFG) in July of this year when we stated that momentum would continue in the lumber company after its second-quarter earnings results. Although the company’s Q2 earnings miss prompted a temporary topping out in the stock price, West Fraser’s convincing Q3 earnings beat which was…
We Are/DigitalVision via Getty Images Investment Action I recommended a buy rating for Rogers Communications (TSX:RCI.B:CA) when I wrote about it the last time, as I expected valuation to improve as RCI EBITDA grows and it de-levers its balance sheet. Based on my current outlook and analysis of RCI, I recommend a buy rating. RCI’s…
Phillip Faraone/Getty Images Entertainment Numbers matter, especially financials. Some in the media are reporting that Paramount (NASDAQ:PARA) doesn’t have enough cash and will go bankrupt next year, neglecting to mention the cash Paramount will get from the Simon & Schuster sale and Paramount’s revolving line of credit. Could Paramount’s balance sheet be a lot better?…
Andreas Rentz By Francesco Pesole, FX Strategist; Benjamin Schroeder, Senior Rates Strategist ING Heading into the European Central Bank’s December meeting, there is growing evidence that the Governing Council is split about the messaging being presented to markets. The generally arch-hawk Isabel Schnabel dropped strong dovish hints by ruling out rate hikes this week, and…
blackred Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) reported fiscal Q4 2023 results and provided a pipeline update this week. It was a generally upbeat update, with the company reporting positive preclinical toxicology results for ARO-RAGE and ARO-MMP7 with sufficient margins to allow the start of phase 2 trials in patients. However, that did not stop the stock…
FG Trade/E+ via Getty Images At a Glance In a follow-up to my previous analysis where I recommended a “Hold” stance on MannKind Corporation (NASDAQ:MNKD), the latest financial quarter reveals some pivotal developments. Revenues have seen a notable increase, primarily fueled by strategic partnerships and an expanded product line featuring Tyvaso DPI. The FDA’s approval…
da-kuk The case for China entering a ‘balance sheet recession’ (a la Japan) is stronger than ever, following a slew of poor economic data in recent months and a faltering property market. Perhaps the best rebuttal against a prolonged downturn is China’s money supply growth, which continues to run in the double digits (+10.3% YoY…
Editor’s note: Seeking Alpha is proud to welcome Noah Cox as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » jetcityimage Investment Thesis Regional banks (and banks in general)…
SeventyFour Thesis Gold Fields (NYSE:GFI) is one of the major gold miners. It has operations in six countries across four continents. African and Australian assets contribute over 80% of annual output and cash flows. In H1, Gold Fields reported a 4% year-over-year decline in gold production, while AISC jumped 6% to $1,215/oz, hit by skilled…
BalkansCat/iStock Editorial via Getty Images Thesis Toronto-Dominion Bank (NYSE:TD) is the second-largest bank in Canada. Its balance sheet is neat and clean, with adequate liquidity to weather potential economic downturns. Typical for Canadian banks, TD has paid dividends even during crises such as GFC 2008. Its business is well diversified geographically between the US and…
chiewr Thesis Hercules Capital (NYSE:HTGC) is an exciting income investment offering a 10% yield, a robust balance sheet, and strong growth prospects. The company is uniquely positioned in the venture capital industry. It has two advantages: it is internally managed and debt-focused. The former is a rare bird in the VC business. Being a managed…
According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report titled “Project Sela –…
Along with holding Bitcoins on its balance sheet, Bitfinex also supports Bitcoin Layer 2 networks, such as the Lightning Network and the Liquid Network. Similar to some of the big corporates, crypto exchange Bitfinex announced that it’s holding Bitcoins on its balance sheet. Bitfinex has a longstanding practice of retaining a portion of its trading…
da-kuk Broadcom’s (NASDAQ:AVGO) strategy of AI driving growth while it continues to buy expensive companies to generate growth may not be a promising idea given the state of the company’s balance sheet and the interest rate environment. We would avoid the stock and detail our thesis below. Broadcom – The business Broadcom sells semiconductor and…
UmbertoPantalone In late December, I recommended Vir Biotechnology, Inc. (NASDAQ:VIR) as a speculative Buy due to its long-term cash availability, experienced management team, collaborations with significantly large commercial companies such as GSK and progressing pipeline. The company has recently released its Q2 2023 earnings report. Biotechnology firm stocks are hugely sensitive to news updates rather…