Debt – Rauchen Aufgeben http://rauchen-aufgeben.org/ Tue, 04 Jan 2022 23:37:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://rauchen-aufgeben.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Debt – Rauchen Aufgeben http://rauchen-aufgeben.org/ 32 32 Hedge funds grab withered local newspapers under COVID-19 cuts https://rauchen-aufgeben.org/hedge-funds-grab-withered-local-newspapers-under-covid-19-cuts/ Tue, 04 May 2021 23:55:30 +0000 https://rauchen-aufgeben.org/hedge-funds-grab-withered-local-newspapers-under-covid-19-cuts/ If things weren’t going well for the local newspaper industry before the pandemic, COVID-19 may have officially brought it to its knees. Over the past few years, the newspaper industry has been slowly taken over by deep-pocketed financial firms that believe they can cut costs, move to digital distribution, and generate better returns. Now, as […]]]>

If things weren’t going well for the local newspaper industry before the pandemic, COVID-19 may have officially brought it to its knees.

Over the past few years, the newspaper industry has been slowly taken over by deep-pocketed financial firms that believe they can cut costs, move to digital distribution, and generate better returns. Now, as coronavirus-induced layoffs multiply in local newspapers, journalists and industry watchers fear the pandemic could pave the way for further consolidation.

Chatham Asset Management, the New Jersey-based hedge fund best known as owner of the National Enquirer, announced over the weekend that it had reached a deal to acquire McClatchy, the nation’s second-largest newspaper publisher.

The acquisition comes after last year’s mega-merger of powerhouse Gannett, which owns USA Today, the Arizona Republic, the Detroit Free-Press and dozens of other newspapers, with the publishing giant GateHouse Media – an agreement that 1 in 5 daily under control of New Media Investment Group, a hedge fund.

Another private equity firm, Alden Global Capital, owns a stake in Tribune Publishing, which publishes newspapers such as the New York Daily News and the Chicago Tribune.

“Newspaper acquisitions by hedge funds are usually followed by aggressive, for-profit austerity measures, in particular job cuts,” said Victor Pickard, professor at the Annenberg School for Communication at the University of Pennsylvania. “This is bad for journalists, bad for media diversity and bad for communities at a time when we desperately need more local journalism, not less.”

Download the NBC News app for the latest news and politics

McClatchy, which dates back to 1857, serves nearly 30 communities and has historic titles such as The Kansas City Star, The Sacramento Bee, and The Miami Herald – which unveiled the story of Jeffrey Epstein.

Julie Brown, the Herald investigative reporter who spent years doggedly pursuing Epstein, said staff were worried about the newspaper’s future because McClatchy had already cut the newspaper to the bone.

“We hope they understand that the time has come to invest in local journalism, not to keep slashing and burning it,” she said.

But it remains to be seen whether Chatham will continue to support expensive journalistic research projects as it seeks to increase margins – and where any editorial bias will lie.

“For me, it took a local newspaper to have the courage to do [the Epstein story]. I wonder if Chatham, given that he owns the National Enquirer, would ever have hired us to do a story like that. killed several stories who portrayed Donald Trump unfavorably in the 2016 election.

Chatham, who has previously pledged to McClatchy as a creditor and shareholder, was one of only two buyers at the Chapter 11 bankruptcy auction for the beleaguered news publisher.

“As long-time investors who support McClatchy, we are pleased with the outcome of the auction. Chatham is committed to preserving the jobs in newsrooms and independent journalism that serve and inform local communities during this important time, “Chatham said in a statement.

As the pandemic continues, readers and viewers alike are researching their local media and increasing their audiences. The New York Times added 600,000 subscribers in the first quarter of 2020, exceeding 6 million, the newspaper reported. According to a recent Pew survey, 46% of those polled sought information on COVID-19 from local sources.

“We are seeing a doubling of the local media audience because local media is a place people turn to when something like COVID happens. National reporting only gets you so far,” said Ken Doctor, information industry analyst at the Nieman Lab at Harvard. University.

And yet, in the first weeks of the pandemic, 36,000 information industry workers were laid off or laid off or suffered pay cuts, according to the New York Times.

Rich Zahradnik is President and Founder of Pelham Examiner, a student-run and owned digital local news destination that replaced local newspapers that had closed in Westchester, a suburb of New York City.

“There is a lot going on in local government,” Zahradnik said. “The planning councils decide what is built next to you. The village councils decide if the garbage should be picked up. They oversee the police. There are a lot of people who want to sit in their basements and write about Trump, but bloggers in the basement won’t cover planning advice, and without being watched – and I don’t think everyone is dirty – there will be corruption. And there is a lot of ‘money in local government. “

Ultimately, finding readers isn’t the problem – finding income is.

“The problem hasn’t been the public. It’s the publicity lost to Google and Facebook,” Doctor said. While readers used to browse the classifieds for a local plumber or a new home, they are now searching online. It devastated newspaper revenues, leaving the door wide open for “vulture capitalists,” like Pickard, of the Annenberg school, called the investment firms that buy out struggling newspaper publishers.

The McClatchy acquisition represents the end of family ownership among local news companies, Doctor said.

“One of the first questions will be: what are they doing with the CEO? Will they retain current CEO Craig Forman or will they choose theirs? And who they choose will tell us a lot about the strategic direction of the company, ”he said.


Source link

]]>
US bailout big deal for North Carolina https://rauchen-aufgeben.org/us-bailout-big-deal-for-north-carolina/ Tue, 04 May 2021 23:55:30 +0000 https://rauchen-aufgeben.org/us-bailout-big-deal-for-north-carolina/ OPINION AND COMMENT Editorials and other Opinion content provide perspectives on issues important to our community and are independent of the work of our newsroom journalists. To borrow President Biden’s well-known statement from then-President Obama from now on, and disinfect it for a polite company – the US bailout is a big deal. In my […]]]>

OPINION AND COMMENT

Editorials and other Opinion content provide perspectives on issues important to our community and are independent of the work of our newsroom journalists.

To borrow President Biden’s well-known statement from then-President Obama from now on, and disinfect it for a polite company – the US bailout is a big deal.

In my lifetime, there has not been such an ambitious response to the hardships or public recognition that our full recovery requires a commitment of our collective resources for the well-being of every person – white, black and brown.

It is only by adopting policies to directly provide people with what they need that we all have the potential to fulfill the still unfulfilled promise of the American Dream.

COVID-19 may have finally catalyzed policy changes that recognize our humanity and our connections. The pandemic has forced us to come to terms with an economy that consolidates income and wealth in the hands of very few and leaves more and more of us in the dark about most of a lifetime. COVID-19 has shown the enormous costs – in lives lost, jobs lost and learning lost – that occur when we don’t have policies in place that can balance public health and the economic needs of our communities.

The US bailout is big business, not only to put people first, but because it took a straightforward, straightforward approach to get it done. It delivers money to people directly and in a timely manner to make sure people can make ends meet. It supports public institutions that directly care for our children, educate our children and provide health care to our elders and neighbors, in other words, preserving our quality of life. This energizes the majority of Americans because when we have what we need, we can spend and sustain a strong economic recovery.

It is estimated that the whole plan will cut poverty in half in this country. This means that 13 million people – more than the entire population of North Carolina – will no longer live on less than $ 25,000 for a family of four. In our state, this reduction would provide hundreds of thousands of people with greater economic security, which will help local businesses and improve lifelong outcomes for the next generation of Northerners.

In North Carolina, the increase in food aid that is part of the US bailout will provide additional dollars to households specifically benefiting those living at half the federal poverty line, a group that has grown exponentially since 1996.

In North Carolina, changes to the income tax credit will extend the credit to individual workers without children who earn low wages. These workers have too often been excluded from political support.

In North Carolina, the expansion of the child tax credit alone will lift 137,000 children out of poverty and affect 2.6 million children through monthly advance payments between July and December. Increasing the income of households with children is a proven tool to improve education, health and development outcomes essential for lifelong success and well-being.

The US bailout not only makes these commitments, but it recognizes that we can and should have the public infrastructure to connect directly with people across the country to provide aid. The ability to send checks to people on a monthly basis, to provide just-in-time assistance, is essential for households and to support the recovery.

Targeting aid to those who need it most is especially important now, as we tackle the current uneven recovery that threatens to increase inequalities in our country and put our economic well-being at risk.

North Carolina’s rulers would do well to consider how their vision for our state can match the bold one set out in the US bailout. A year later, it is time to clarify how our state is reacting now, as well as what we are doing collectively to rebuild better and more equitably.

It is time to accept the reality that our policies can benefit people and, therefore, the economy. It is time to focus on poverty as our main challenge if our state is to compete for any valuable economic distinction.

The US bailout shows us that it is possible to be bold. We can keep America’s promise.

Alexandra Sirota is director of the NC Budget and Tax Center and NC Justice Center.

This story was originally published March 18, 2021 8:55 am.


Source link

]]>
China Still Needs Expansionary Economic Policy By Yu Yongding https://rauchen-aufgeben.org/china-still-needs-expansionary-economic-policy-by-yu-yongding/ Tue, 04 May 2021 23:55:29 +0000 https://rauchen-aufgeben.org/china-still-needs-expansionary-economic-policy-by-yu-yongding/ To consolidate its post-pandemic growth momentum in 2021, China should not be in a hurry to exit an expansionary fiscal and monetary policy. The government may need to issue more bonds than expected, and the People’s Bank of China may need to implement quantitative easing to facilitate this. BEIJING – The Chinese Economy increased by […]]]>

To consolidate its post-pandemic growth momentum in 2021, China should not be in a hurry to exit an expansionary fiscal and monetary policy. The government may need to issue more bonds than expected, and the People’s Bank of China may need to implement quantitative easing to facilitate this.

BEIJING – The Chinese Economy increased by 6.5% in the fourth quarter of 2020, which clearly indicates that it has restored of COVID-19 shock. The market consensus is that due to base effects, GDP growth has climbed to more than 18% year after year in the first quarter of 2021, and will decline steadily over the remaining three quarters of the year before finally leveling off.

Addressing this year’s National People’s Congress meeting last month, Premier Li Keqiang announcement that China’s growth target for 2021 is “above 6%”. While the economy’s growth momentum looks solid at the moment, there are signs that China could risk tightening fiscal and monetary policy too soon.

According to the finance ministry, general budget revenue will increase by 8.1% this year, while general budget expenditure will increase only 1.8%. Rarely does public expenditure grow so much more slowly than budget revenue. And while the government’s planned 2021 issuance of CN’s 7.2 trillion ($ 1.1 trillion) in bonds is still high, it is significantly lower than CN’s 8.5 trillion issued last year. At the same time, the People’s Bank of China (PBOC, the central bank) is expected to maintain its monetary policy, or even tighten it.

We hope you enjoy Project union.

To continue reading and receive unlimited access to all content, subscribe now.

Subscribe

Where

Unlock additional comments for FREE by signing up.

Register now


Source link

]]>
M&T Bank to acquire People’s United in a share purchase transaction https://rauchen-aufgeben.org/mt-bank-to-acquire-peoples-united-in-a-share-purchase-transaction/ Tue, 04 May 2021 23:55:29 +0000 https://rauchen-aufgeben.org/mt-bank-to-acquire-peoples-united-in-a-share-purchase-transaction/ M&T Bank (NYSE: MTB) plans to acquire People’s United Financial (NASDAQ: PBCT) in another big problem among consolidating regional banks. It will be an all-stock transaction valued at $ 7.6 billion, valuing People’s United shares at $ 17.70, or 164% of tangible book value. The purchase price represents a premium of almost 13% over the […]]]>

M&T Bank (NYSE: MTB) plans to acquire People’s United Financial (NASDAQ: PBCT) in another big problem among consolidating regional banks.

It will be an all-stock transaction valued at $ 7.6 billion, valuing People’s United shares at $ 17.70, or 164% of tangible book value. The purchase price represents a premium of almost 13% over the People’s share closing price last Friday.

The deal will bring together two of the largest regional banks headquartered in the Northeast (M&T is based in Buffalo, New York, and People’s United in Bridgeport, Connecticut) and create a bank with approximately $ 200 billion in assets. .

Image source: Getty Images.

The integration of People’s United will extend M&T’s footprint from the mid-Atlantic to New England.

“The combination of our common legacies and complementary footprints will strengthen our ability to serve our communities and our customers, and deliver solutions that make a difference in people’s lives,” said René Jones, CEO of M&T, who will lead the amalgamated company.

Five current members of the People’s United Board of Directors will join the M&T Board of Directors after the transaction closes.

The deal will have an immediate accretive effect on the tangible book value of M&T and will also have an accretion effect on earnings in 2022 of 7% to 8%. This means that the profits of the combined company will be greater than the combined profits of the two companies on a stand-alone basis.

M&T expects to be able to withdraw 30% of People’s United’s annual spending base, including People’s planned closures of its Stop & Shop branches, which has yet to happen.

The deal is expected to be finalized in the fourth quarter of the year. People’s United shares rose nearly 11% at one point this morning, while M&T shares traded higher to open the day as well.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
2 dividend giants to buy before their next payout hike https://rauchen-aufgeben.org/2-dividend-giants-to-buy-before-their-next-payout-hike/ Tue, 04 May 2021 23:55:29 +0000 https://rauchen-aufgeben.org/2-dividend-giants-to-buy-before-their-next-payout-hike/ For some dividend-paying stocks, it is never a question of whether investors will get an annual increase in their payout. Rather, the mystery revolves around the size of the annual increase in income. Dividend aristocrats have increased their liabilities for at least 25 straight years, and dividend kings are claiming 50 years of straight increases. […]]]>

For some dividend-paying stocks, it is never a question of whether investors will get an annual increase in their payout. Rather, the mystery revolves around the size of the annual increase in income.

Dividend aristocrats have increased their liabilities for at least 25 straight years, and dividend kings are claiming 50 years of straight increases. This decades-long track record essentially eliminates the risk of a surprise drop so that investors can count on steady growth through a wide range of selling terms.

With that in mind, let’s see why you might want to buy two members of these exclusive dividend clubs, PepsiCo (NASDAQ: PEP) and Procter & Gamble (NYSE: PG), before their latest hikes hit portfolios over the next few weeks.

Image source: Getty Images.

PepsiCo is rich in cash

PepsiCo has been sending dividend checks since 1965 and is set to become a King of dividends, which requires a sequence of at least 50 years of consecutive increases. Its 2021 boost will mark the 49th consecutive year of increases.

The snack and beverage giant just wrapped up an impressive 2020 fiscal year that saw it outperform in both the soda and packaged food niches. Pepsi’s snacks division contributed strong growth as usual, but the company also saw only a modest drop in beverage volume unlike its peers. Coca Cola (NYSE: KO). In mid-February, CEO Ramon Laguarta attributed the results to “… our diverse portfolio, an agile supply chain … and strong market execution”.

PEP Cash from Operations chart (yearly)

PEP cash from operations (annual) given by YCharts.

Pepsi recently announced that its annual payout will increase 5% to $ 4.30 per share, starting with its June payout. A low stock price in early 2021, meanwhile, pushed that return above 3%, which should be seen as a nice bonus for income investors.

Procter & Gamble has a grip on the industry

Procter & Gamble typically announces its annual payout increase in April, around the time it releases its third quarter tax results. But investors don’t have to wait for this report to buy this dividend giant.

P&G was posting strong operating results even before the pandemic boosted demand for many of its consumer staples. The company continued these positive trends throughout the crisis and thus outperformed its peers as Kimberly clark (NYSE: KMB). Organic sales jumped 8% in P&G’s last outing and are expected to rise for the full year after peaking in fiscal 2020.

Of course, growth will slow down as the pandemic threat subsides over the next few quarters. But P&G expects continued improvement in many of its core niches, including laundry care and home care, as people continue to spend more time at home. But with industry-leading profit margins and cash flow, this business can generate attractive returns even with lower growth.

P&G generated $ 10 billion in operating cash in the past six months, up from $ 8.5 billion a year earlier. This success gives management the opportunity to announce an increase in April which is expected to be at least as large as last year’s 6% increase.

The increase will mark P & G’s 65th consecutive year of annual dividend increases. This kind of streak is only possible because of its dominant grip on several basic consumer niches, including paper towels, detergents and shaving products.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
Equity LifeStyle Properties, Inc. to host earnings conference call https://rauchen-aufgeben.org/equity-lifestyle-properties-inc-to-host-earnings-conference-call/ Tue, 04 May 2021 23:55:26 +0000 https://rauchen-aufgeben.org/equity-lifestyle-properties-inc-to-host-earnings-conference-call/ NEW YORK, NY / ACCESSWIRE / April 20, 2021 / Equity LifeStyle Properties, Inc. (NYSE: ELS) will discuss its results during its first quarter 2021 earnings conference call on April 20, 2021 at 11:00 a.m. EST. To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/75976 To receive updates […]]]>

NEW YORK, NY / ACCESSWIRE / April 20, 2021 / Equity LifeStyle Properties, Inc. (NYSE: ELS) will discuss its results during its first quarter 2021 earnings conference call on April 20, 2021 at 11:00 a.m. EST.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/75976

To receive updates from this company, you can sign up by sending an email to info@investornetwork.com or by clicking on get investment information from company profile.

About the investor network

Investor Network (IN) is a financial content community, providing millions of unique investors with market information, earnings, commentary and trending news. Dedicated to both professional and mid-level traders, IN offers timely, reliable and relevant financial information to virtually all investors. IN is a brand of direct issuer, to find out more or for the latest financial news and market information visit www.investornetwork.com. Follow us on twitter @networkofinvestors.

THE SOURCE: Investor network

See the source version on accesswire.com:
https://www.accesswire.com/641216/Equity-LifeStyle-Properties-Inc-to-Host-Earnings-Call


Source link

]]>
Credit rating agency warns Simmons about debt https://rauchen-aufgeben.org/credit-rating-agency-warns-simmons-about-debt/ Tue, 04 May 2021 23:55:26 +0000 https://rauchen-aufgeben.org/credit-rating-agency-warns-simmons-about-debt/ “It’s a pretty big project,” said Pranav Sharma, the Moody’s analyst who reviewed Simmons’ financial information. “The flexibility Simmons had prior to this project is reduced. “ Moody’s also reported other concerns for the university of 6,000 students. The bet Simmons made several years ago to increase enrollment and income by investing in online education […]]]>

“It’s a pretty big project,” said Pranav Sharma, the Moody’s analyst who reviewed Simmons’ financial information. “The flexibility Simmons had prior to this project is reduced. “

Moody’s also reported other concerns for the university of 6,000 students. The bet Simmons made several years ago to increase enrollment and income by investing in online education is starting to ease, as other universities dive into the market, the rating agency said. .

After the school quickly expanded its online graduate programs in nursing and social work, overall enrollments at Simmons fell 4% last year, mostly in online programs. The university attracted more freshmen, but also had to offer more discounts on tuition fees to enroll them, Moody’s noted.

“Failure to stabilize enrollment and increase net tuition fee income would jeopardize the university’s ability to cope with its relatively high debt load,” Moody’s noted in its credit opinion.

It is not uncommon for rating agencies to issue negative outlooks for universities before launching large projects requiring heavy borrowing, said Helen G. Drinan, who is ending her 12-year term as Simmons president. in June.

The negative outlook is “negligible” for the university’s plans, Drinan said, adding that she was optimistic about Simmons’ financial health.

“I don’t see anything on the horizon that suggests things are going to slow down,” she said.

The sale of $ 77 million bonds will allow Simmons to relocate and modernize its science center, a project expected to be completed in the fall of 2022, Drinan said.

Eventually, Simmons plans to raze the current science center and build dormitories and classrooms there, as part of an initiative to consolidate the university’s Brookline Avenue operations on its main campus, A she declared.

Construction of the residential tower will be a separate project planned after 2022, which Simmons officials expect to fund through a land swap with a private developer, Drinan said.

This long-term consolidation plan is an effort to ensure Simmons remains competitive and financially healthy, she said.

But she recognizes that the university faces headwinds in online education and undergraduate enrollment. Many small private colleges, especially in New England, have closed or merged in recent years due to financial issues and declining numbers of college age students.

Simmons is revising the price of its online programs and may lower the prices to ensure they remain affordable for students.

“We’re going to grow up, obviously slower than we’ve been doing over the past four years,” Drinan said of the school’s online programs. “The key for us is to learn, to compete. … This is not a gentleman’s game; it’s a real head-to-head competition.

The university has also started recruiting international undergraduate students for the first time to offset any decline in enrollment in the United States, Drinan said.

Drinan said she has spent the past few months trying to ensure that her successor, Lynn Perry Wooten, who is currently Dean of Cornell University, has a smooth financial transition.

“We are taking an extremely prudent approach to the budget,” Drinan said.

The higher education market is changing rapidly and liberal arts schools that rely heavily on student tuition fees are in dire straits, said Susan Fitzgerald, associate managing director at Moody’s.

They need to have the most modern facilities to attract students and beat their competition, but also risk getting into too much debt, Fitzgerald said.

Institutions like Simmons deploy a variety of strategies to stay relevant.

“We’ll see how these strategies play out,” Fitzgerald said.


Deirdre Fernandes can be reached at deirdre.fernandes@globe.com. Follow her on twitter @fernandesglobe.



Source link

]]>
Is it too late to get into this millionaire action? https://rauchen-aufgeben.org/is-it-too-late-to-get-into-this-millionaire-action/ Tue, 04 May 2021 23:55:26 +0000 https://rauchen-aufgeben.org/is-it-too-late-to-get-into-this-millionaire-action/ Etsy (NASDAQ: ETSY) has exploded since its IPO in 2015 to $ 16 per share. The action charged over $ 200, most of which took place in the past 12 months – Etsy was under $ 40 in March 2020. An initial investment of $ 80,000 at Initial Public Offering the price would have made […]]]>

Etsy (NASDAQ: ETSY) has exploded since its IPO in 2015 to $ 16 per share. The action charged over $ 200, most of which took place in the past 12 months – Etsy was under $ 40 in March 2020. An initial investment of $ 80,000 at Initial Public Offering the price would have made you a millionaire by now, so it’s fair to ask if there’s more room for the stock to go higher. Etsy has a great business model for today’s economy, but is there still a reason to buy at this price?

Etsy is trading at a premium right now

Etsy is expensive based on measures of relative valuation, but these are still important to consider in the context of high growth stocks. Etsy shares trade at a selling price ratio of 16 and one before price / earnings ratio from 69.2. It wouldn’t make sense to pay that kind of premium for a more mature company like Coca Cola Where Walmart, who are already so big and prosperous that they cannot grow very quickly.

Etsy is a different story, however. The company has experienced average annual growth of around 60% over the past three years, and analysts forecast compound expansion of over 30% over the next several years. Hypothetically, a 30% CAGR in earnings would lead to a forward P / E ratio of 17.5 in five years if the price never changes.

This is why common valuation ratios such as price / earnings, price / book, and enterprise value / EBITDA cannot be applied to growth values ​​in the same way value stocks. A future disruptive industry leader could easily double or triple in size over the medium term, and bullish investors are more than happy to pay a premium on current fundamentals to own these future leaders. People who are optimistic about Etsy’s trajectory assume that the company’s future earnings growth will be more than enough to drive the share price higher.

Image source: Getty Images.

Etsy’s place in the future of e-commerce

E-commerce has been a growing force in the retail landscape for over a decade, and the impacts of the 2020 global pandemic have accelerated this trend. Online sales jumped to over 21% of total US retail sales in 2020, up from 15.8% in 2019. As the fourth most visited e-commerce site in the United States, Etsy is in an excellent position to capitalize on this growth. Unlike competitors Amazon, eBay, and Walmart, Etsy has more niche reputation as a destination for handcrafted and personalized products made by individuals. There are other product categories on the site, but Etsy still has a unique place among the major ecommerce platforms. The company added 1.6 million active sellers last year, and its outstanding performance with products such as face masks demonstrates the adaptability of buyers and sellers on the site.

If vaccinations and herd immunity are effective in reducing the impact of COVID-19 on public health, we will likely see an increase in demand for physical stores. Early indications are that people are excited to be back to normalcy, with pent-up demand for trips, experiences and public activities. Online sales may lose some of the retail pie in the short term.

Regardless, the surge in e-commerce performance over the past year has been the acceleration of an existing trend, and it will continue to develop in the medium term. Different retailers have invested more in optimizing their digital channels, consumers are more comfortable than ever with shopping at home, and logistics are more efficient than ever.

There is every reason to expect Etsy to grow alongside the other leaders in e-commerce. However, fragmentation can be a problem that slows down this rate of growth. Solutions from companies such as Square and Shopify make it easier than ever for small sellers and shops to serve customers online. To deliver value to its sellers, Etsy will need to remain price competitive or provide new services that are unmatched anywhere else. There is a good chance that we will see more and more small sellers remaining independent. This momentum won’t be enough to dethrone the craft giant in the next few years, but it’s something investors need to watch out for.

The verdict

It’s not too late to get on Etsy, but it’s probably too late to expect the same scale of returns the stock has generated since its IPO. There is clearly room for improvement here, but a lot of future success is already assumed in current prices, as evidenced by the aggressive valuation ratios.

If you like the business and believe in the model, you can buy it today without the guilt or hesitation. There is a good chance that Etsy will overtake the market in the next few years. Don’t be shocked if the stock experiences volatility as the market and the retail world rebalance towards a post-pandemic equilibrium.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
Should you buy Cresco Labs in March? https://rauchen-aufgeben.org/should-you-buy-cresco-labs-in-march/ Tue, 04 May 2021 23:55:25 +0000 https://rauchen-aufgeben.org/should-you-buy-cresco-labs-in-march/ The past 12 months have been an incredible journey for Cresco Laboratories (OTC: CRLBF). The Chicago-based cannabis company has gone from less than $ 2 a share a year ago to just under $ 17.50 a share last month. The stock has slumped slightly since then, closing at $ 13.34 per share on Thursday. What […]]]>

The past 12 months have been an incredible journey for Cresco Laboratories (OTC: CRLBF). The Chicago-based cannabis company has gone from less than $ 2 a share a year ago to just under $ 17.50 a share last month. The stock has slumped slightly since then, closing at $ 13.34 per share on Thursday.

What may seem like bad omen is actually wonderful news for investors. At its current price, I think Cresco Labs is worth picking up.

Image source: Getty Images

A stellar neighborhood

The company posted excellent third quarter numbers through September 30, 2020. Cresco reported revenue of $ 153.3 million, up 63% sequentially and 323% year-over-year. He also recorded a record $ 46.4 million in EBITDA, an increase of 182% compared to the previous quarter. The company is expected to release fourth quarter numbers on March 25.

Cresco cited two factors for the record third quarter. It said its wholesale revenues, aided by larger harvests at its grow centers in Illinois, Pennsylvania and California, were $ 90.5 million, up from $ 64.6 % sequentially. On top of that, the company’s retail revenue jumped 60% to $ 62.8 million, thanks to two new stores in Illinois and improved same-store sales.

A flurry of good business

In the first two months of this year, Cresco Labs made two big acquisitions which should help it considerably in the long term.

Cresco announced in January that it was purchasing Bluma well-being for $ 213 million in stock, giving it an entry into Florida with seven operating dispensaries and eight more underway. Last month, the company added four retail dispensaries in Ohio, making it five in total in the state, with its purchase of Green creations.

With its last two offerings, the company is thinking like a good chess player – several steps ahead. Cresco now has 15 production facilities, 29 retail licenses and 24 operating dispensaries in nine states, including the seven of the 10 most populous states where marijuana is legal in one form or another, whether at medical or recreational purposes.

The company’s headquarters are in Illinois, where it just opened its 10th retail store, and the company’s brands are sold at all of its competitor’s dispensaries around the state. Ohio and Florida are exclusive medical marijuana states, with no guarantees that sales to adults will be legalized anytime soon. However, by strengthening its presence in both states now, before any other business calls, Cresco has the opportunity to be prepared when Florida, the third largest state in terms of population, and Ohio, the seventh. , will open.

Bar chart showing Cresco's economic progress over the past four quarters.

DATA SOURCE: CRESCO. TABLE BY AUTHOR.

Grow at a steady pace

I think Cresco Labs is a classic case of being slow to go fast. By that I mean he was conservative while build your business, allowing him to be prepared when the right opportunity arises. The company has relatively low debt and has focused on growing its brands as well as dispensaries and grow sites.

CRLBF financial debt to equity graph (quarterly)

CRLBF financial debt on equity (quarterly) given by YCharts

During the last four quarters, the cannabis The company increased its revenue by 370%, improved its adjusted EBITDA by 1,600%, and went from $ 45.2 million per quarter in the fourth quarter of 2019 to positive revenue of $ 4.9 million last trimester.

The company’s dispensaries operate under the Sunnyside brand, while each of its stores carries eight brands of cannabis-related merchandise: Cresco, Remedi, High Supply, Cresco Reserve, Good News, Wonder Wellness, FloraCal Farms and Mindy’s Chef Led Artisanal Edibles. . The focus on its brands has given Cresco greater visibility. Its brands are available in more than 700 dispensaries across the country. Meanwhile, the company’s wholesale business is helping it grow its revenue independently of its retail stores, preparing the business for expansion by strengthening distribution, and increasing awareness of Cresco.

The company posted a positive third quarter net profit of $ 4.9 million and wasted no time implementing it. Last month he received approval from the Arizona Department of Health Services to have adult sales at his Sunnyside dispensary in Phoenix. Although he only has one dispensary in the state, he already has two grow sites in Arizona.

Cresco is ready for the next step

It is clear that there is a lot of growth ahead for cannabis stocks. There are 15 states that allow sales for medical use, and 35 states and the District of Columbia allow sales for medical use. New Jersey, Virginia, Montana, and South Dakota recently passed laws allowing sales to adults.

Cresco, as a thriving vertically integrated company, is well positioned to benefit from the increase in the number of states allowing marijuana sales. Looking at the improvement in the company’s finances over the past four quarters, it looks like there is still a lot of potential left for investors interested in Cresco.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
Super League Gaming Announces Sale of $ 13.6 Million Common Shares https://rauchen-aufgeben.org/super-league-gaming-announces-sale-of-13-6-million-common-shares/ Tue, 04 May 2021 23:55:25 +0000 https://rauchen-aufgeben.org/super-league-gaming-announces-sale-of-13-6-million-common-shares/ SANTA MONICA, Calif., March 22, 2021 (GLOBE NEWSWIRE) – Super League Gaming (or the Corporation) (Nasdaq: SLGG), a global leader in competitive video games and esport entertainment for everyday gamers, has today announced the sale of 1,512,499 common shares at a price of $ 9.00 per share. Gross proceeds from the offering, before fees, are […]]]>

SANTA MONICA, Calif., March 22, 2021 (GLOBE NEWSWIRE) – Super League Gaming (or the Corporation) (Nasdaq: SLGG), a global leader in competitive video games and esport entertainment for everyday gamers, has today announced the sale of 1,512,499 common shares at a price of $ 9.00 per share. Gross proceeds from the offering, before fees, are expected to be approximately $ 13.6 million.

Ann Hand, CEO of Super League Gaming, said: “These funds help strengthen our balance sheet, giving us more flexibility to execute our business plan and consider a number of growth opportunities as we go. they present themselves.

Super League currently intends to use the net proceeds of the offering for working capital and general corporate purposes, including sales and marketing activities, product development and capital expenditures. .

The transaction is expected to close on or around March 23, 2021, subject to customary closing conditions.

The offer is made in accordance with an effective registration statement on Form S-3 (File No. 333-237626), previously filed with the United States Securities and Exchange Commission (SEC) on April 10, 2020 and declared effective April 20, 2020 This bid will remove the remaining bid capacity under the registration statement. The securities may only be offered by means of a prospectus supplement and the accompanying prospectus which form part of the registration statement. A preliminary prospectus supplement relating to the Offer will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any State or other jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Super League Gaming
Super League Gaming (Nasdaq: SLGG) is a leading gaming community and content platform that gives everyday gamers multiple ways to connect and interact with others while enjoying video games. that they like. Powered by patented and proprietary technology systems, Super League offers players the ability to create gaming experiences they can share with friends, the ability to watch live broadcasts and game highlights on digital channels and social, and the opportunity to participate in events and challenges designed to celebrate victories and achievements across multiple skill levels. With gameplay and content offerings featuring more than a dozen of the world’s best video game titles, Super League is building a broadly inclusive global brand at the intersection of gaming, experiences and entertainment. Whether it’s to access its growing direct audience of young gamers and esports gamers, or to leverage the company’s remote video production division, Virtualis Studios, third parties ranging from consumer brands to publishers. companies, professional esports teams, traditional sports organizations, video content producers, and more look to Super League to deliver integrated solutions that drive business growth. For more: superleague.com.

Forward-looking statements
Some of the statements made in this press release are forward-looking, such as, among others, our expectations regarding the completion of the proposed offer. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that could cause such a difference include, but are not limited to, risks and uncertainties relating to the ability or not to raise capital through the sale of ordinary shares, the final terms of the proposed offer, market conditions and others, the satisfaction of customary closing conditions associated with the proposed public offering and the impact of economic, sectoral or general political conditions in the United States or internationally. There can be no assurance that we will be able to complete the offered offer as expected, if at all. We will need to raise additional capital to fund our operations and may be unable to raise capital when needed, which would require us to delay, scale back or eliminate our current business initiatives. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Certain other risks are discussed in more detail in the section entitled “Risk Factors” in the Prospectus Supplement and the Prospectus relating to the Offering, our most recent Annual Report on Form 10-K, as well as discussion of risks. potentials, uncertainties and other material factors in our other SEC filings. Our SEC filings are available on the SEC’s website at www.sec.gov. Further, any forward-looking statement represents our views only as of the date of this press release and should not be construed as representing our views at any later date. We explicitly disclaim any obligation to update any forward-looking statements.

Investor Relations:
Sean McGowan and Cody Slach
Investor Relations Gateway
(949) 574-3860
SLG@GatewayIR.com

Media contact:
Gillian sheldon
(213) 718-3880
Gillian.Sheldon@superleague.com


Source link

]]>