Felix Gray CEO David Roger tells us why he preferred working with PE investors, and whether VCs make less sense for certain types of startups.
PLC S.p.A. (BIT:PLC), which is in the construction business, and is based in Italy, received a lot of attention from a substantial price movement on the BIT over the last few months, increasing to €1.8 at one point, and dropping to the lows of €1.54. A question to answer is whether PLC's current trading price of €1.59 reflective of the actual value of the small-cap? What is PLC worth?
A federal judge in New York rejected Sotheby's bid to dismiss a $380 million lawsuit where Russian billionaire Dmitry Rybolovlev accused the auction house of helping his longtime art dealer's scheme to overcharge him on dozens of masterworks. U.S. District Judge Jesse Furman said Sotheby's failed to establish that the case did not belong in his court because Rybolovlev was already litigating in Switzerland, where much of the key evidence and many witnesses were located, and that principles of international comity justified dismissal. Furman found no showing that New York was "genuinely inconvenient" and Switzerland was "significantly preferable," saying the New York case had made more progress and Sotheby's might save money by defending itself in its home forum.
When oil tankers were bombed in the Persian Gulf two weeks ago, my thoughts turned to the summer of 1987 when I sailed through the narrow Strait of Hormuz for the first time as the Operations Officer in a brand-new Navy Cruiser, the U.S.S. Valley Forge. Like today, tensions were elevated with Iran as a result of their attacks on merchant shipping, carried out largely through dumping mines in international waters – part of the so-called “Tanker War.” Several oil tankers were hit, passage through the Strait was problematic, and the international community sought to keep the Strait open to allow some 30% of the world's oil that moves through it. By spring 1988, the U.S. had attacked the Iranian Navy, sinking several warships and destroying naval bases in Operation Praying Mantis.
'Gold is God's money... The Fed has destroyed the monetary system of the world along with its central banks. In my opinion they went criminal... So when I watch Wall Street, I watch the price of stocks and I watch what the Fed is doing — I just get nauseous.
How far off is Retrophin, Inc. (NASDAQ:RTRX) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method.
A man who had just been fired from a Northern California Ford dealership shot and killed two employees and then killed himself Tuesday evening, police and witnesses said.
Companies that used to be publicly owned tend to have lower insider ownership. Pilbara Minerals is a smaller company with a market capitalization of AU$1.0b, so it may still be flying under the radar of many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company.
Below, I have outlined more attractive dividend aspects for Cinemark Holdings for income investors who may be interested in new dividend stocks for their portfolio. What Is A Dividend Rock Star? It is a stock that pays a stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future.
Slack (NYSE: WORK) used a direct listing to go public. It does, however, benefit the brand in some ways, because the transparency required of a public company should make it easier for larger enterprises to commit to using the workplace productivity app. Shares opened strongly, pushing them to a valuation that may not be justified by the company's revenue.
The healthcare industry is going through a transformation after a wave of recent deals including AbbVie's $63 billion deal to buy Botox maker Allergan. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak to Chris Meekins, Raymond James Healthcare Policy analyst.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Tower Semiconductor Ltd. (NASDAQ:TSEM) was in 12 hedge funds' portfolios at the end of the first quarter of 2019. TSEM shareholders have witnessed a decrease in activity from the world's largest hedge funds lately.
Prior low-level convictions for marijuana possession will be pardoned. Amid this news, one would expect marijuana stocks to run higher, but that's not happening. Just like a doctor does X-rays to see what is going on inside the human body, investors can do an X-ray of marijuana stocks to figure out what is really going on.
Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful.
One of last year's hottest social media stocks is coming under fire in 2019. Shares of The Meet Group (NASDAQ: MEET) tumbled 7% on Monday, after a New York Post story came out over the weekend suggesting that Apple (NASDAQ: AAPL) was about to boot it from its App Store on concerns of prostitution and other forms of adult entertainment taking place on MeetMe's live-streaming platform. The Meet Group defended its fast-growing video offering when the accusations were raised by a bearish blogger earlier this month, a move that sent the once-red-hot shares to a fresh 52-week low.
Wednesday was mixed on Wall Street as major stock indexes initially climbed but gave up much of their gains by the end of the session. EnscoRowan (NYSE: ESV), Grocery Outlet Holding (NASDAQ: GO), and Overstock.com (NASDAQ: OSTK) were among the top performers. Shares of EnscoRowan gained 11% as the oil services giant responded positively to news from the commodity markets.
A shocking lawsuit filed against the Church of Scientology earlier this month by an ex-Scientologist threatens to shake the church to its very core. According to Us Weekly, former member Jane Doe (she is choosing to remain anonymous) filed a lawsuit against the Church of Scientology on June 18, which included severe allegations of abuse, kidnapping and human trafficking. What's unclear in this initial stage is whether the lawsuit has the potential to implicate any or all of the church's celebrity members and involve them in future legal proceedings should the case move forward.
China on Wednesday renewed a demand that Canada release a top executive of tech giant Huawei a day after announcing a suspension of all imports of Canadian meat products in an apparent bid to increase the pressure on Ottawa. Foreign ministry spokesman Geng Shuang told reporters at a daily briefing Wednesday that Canada should "take seriously China's concerns" and immediately release Meng Wanzhou, Huawei's chief financial officer and the daughter of the company's founder. The Chinese Embassy in Ottawa said in a statement Tuesday that Chinese customs inspectors detected residue from a restricted feed additive called ractopamine in a batch of Canadian pork products, prompting the ban.
Celgene (NASDAQ: CELG) and Bristol-Myers Squibb (NYSE: BMY) were scheduled to say their official "I dos" in the coming months, but this blended family isn't starting off in Brady Bunch fashion. Last week, Celgene cut ties with BeiGene (NASDAQ: BGNE), giving up its rights to tislelizumab, BeiGene's anti-PD-1 antibody since Bristol-Myers sells a competing PD-1 antibody, Opdivo. Reportedly, the contract said Celgene can't hold two PD-1 class drugs, so Bristol-Myers likely knew it wasn't going to be able to keep rights to tislelizumab when it made the acquisition offer.
China's capital controls are making their mark on New York's luxury real estate market. In an effort to shore up its currency, the world's second biggest economy has been cracking down on money leaving the country, and there are significant concerns (paywall) about its real estate developers' levels of US dollar debt. Having briefly been the main movers and shakers in New York real estate, Chinese developers have fallen behind the Canadians, the Germans and the Dutch.
What happened Shares of Pareteum (NASDAQ: TEUM) plunged 20.3% on Wednesday, after the cloud-communications platform specialist found itself in the crosshairs of yet another short-selling firm. In a scathing piece this morning that effectively amplified concerns brought by short-seller Aurelius Value earlier this month, Viceroy Research suggested Pareteum "appears to be in breach of U.S. sanctions against Iran," with its services to Iran-based mobile virtual network operator Amin SMC. Viceroy elaborated that Amin SMC's chairman, Hamid Reza Amirinia, is "suspected of breaching sanctions with an Iranian government mandate to launder money for the regime."
On January 14, 2019, Newmont Goldcorp (NYSE: NEM) formed via a stock-for-stock transaction that joined together major gold miners Newmont and Goldcorp. Newmont paid a 17% premium above Goldcorp's trading price at the time of the merger. In 2018, the pre-merger Newmont produced 5.1 million ounces of gold with a cost of $909 per ounce. Goldcorp produced 2.3 million ounces of gold in 2018 with the costs at around $800 an ounce and expects to maintain these levels of production and costs in 2019. In addition to great production volume, Newmont Goldcorp has a large portfolio of reserves and resources for future development, making it less likely that its production will taper off as its current mines are exhausted.
The latest earnings update NetApp, Inc. (NASDAQ:NTAP) released in June 2019 suggested that the business benefited from a significant tailwind, more than doubling its earnings from the prior year. Investors may find it useful to understand how market analysts perceive NetApp's earnings growth outlook over the next few years and whether the future looks even brighter than the past. Market analysts' prospects for the upcoming year seems pessimistic, with earnings reducing by -7.8%.
Apart from the failure of the center booster to land on a drone ship in the Atlantic Ocean, the mission that Musk had described as SpaceX's toughest test yet had been a success. The launch underscores SpaceX's status as one of the world's most valuable closely held companies. It's worth $34 billion, according to an analysis by EquityZen, a marketplace for shares of tech firms that haven't yet gone public.
Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks. In this article, we will take a closer look at hedge fund sentiment towards AGNC Investment Corp. (NASDAQ:AGNC). Hedge funds are taking a bearish view.
A new Bankrate study shows that 40% of Americans believe the recession has already begun, and 28% of Americans don't have an emergency fund. Bankrate.com Chief Financial Analyst Greg McBride joins Yahoo Finance's Zack Guzman and Sibile Marcellus, along with Beth Comstock, former GE Vice Chair and 'Imagine It Forward' author, to discuss.