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DarrylWong

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Global active equity funds see inflows after seven years

2021-09-20

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comment!&nbsp;","text":"please like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860165573","repostId":"2168468850","repostType":4,"repost":{"id":"2168468850","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1632144031,"share":"https://ttm.financial/m/news/2168468850?lang=&edition=fundamental","pubTime":"2021-09-20 21:20","market":"us","language":"en","title":"Global active equity funds see inflows after seven years","url":"https://stock-news.laohu8.com/highlight/detail?id=2168468850","media":"Reuters","summary":"Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a su","content":"<p>Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a surge in equities and higher participation of retail investors, who aim for higher returns than the benchmark indexes.</p>\n<p>According to Refinitiv data, global active equity funds have attracted a total $36.6 billion in the first eight months of this year, after seeing outflows in the previous seven years.</p>\n<p>European active equity funds led the inflows, obtaining $155.1 billion, while Asian funds saw $41.7 billion.</p>\n<p>U.S. active equity funds witnessed outflows of $191 billion, however, the outflow was 32% less than in 2020.</p>\n<p>“The inflows broadly appear to be related to portfolio rebalancing and investors’ seeking active managers who can dynamically adjust to an ever shifting environment,\" said Russ Ivinjack, senior partner at investment consultant Aon.</p>\n<p>“We expect flows to active strategies to continue to be strong as most investors have a full allotment to indexing and require the additional return potential that active management offers in less efficient markets.”</p>\n<p>Flows into active funds have lagged in the past few years due to their higher fees and a lacklustre performance over passively managed funds.</p>\n<p>Active equity funds have delivered a return of 13.8% this year, lower than the passive equity funds' gain of 14%.</p>\n<p>\"The market is rife with alpha opportunity where the dispersion between the best and worst performing stock quintiles has trended well above average for over a year,\" said BofA in a note this month.</p>\n<p>Retail trading levels have increased since the beginning of the year, helped by the frenzy of buying in stocks such as GameStop Corp.</p>\n<p>However, their inclusion in indexes happens much later and hence investors in passive funds have to forego those initial gains, analysts said.</p>\n<p>GameStop Corp has risen 988% this year, against the S&amp;P 500 index's gain of 18%.</p>\n<p>\"GameStop was a part of the S&amp;P SmallCap 600, but it was after the stock gained some 10-fold in 2021 that it was added to the S&amp;P MidCap 400 index,\" said Kunal Sawhney, chief executive officer at independent research firm Kalkine.</p>\n<p>\"The point is indices rely on how any particular stock is trading in the market, and any addition or replacement in the index is based on stock performance.\"</p>\n<p>(Reporting by Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra in Bengaluru; Editing by Alison Williams)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global active equity funds see inflows after seven years</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal active equity funds see inflows after seven years\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-20 21:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a surge in equities and higher participation of retail investors, who aim for higher returns than the benchmark indexes.</p>\n<p>According to Refinitiv data, global active equity funds have attracted a total $36.6 billion in the first eight months of this year, after seeing outflows in the previous seven years.</p>\n<p>European active equity funds led the inflows, obtaining $155.1 billion, while Asian funds saw $41.7 billion.</p>\n<p>U.S. active equity funds witnessed outflows of $191 billion, however, the outflow was 32% less than in 2020.</p>\n<p>“The inflows broadly appear to be related to portfolio rebalancing and investors’ seeking active managers who can dynamically adjust to an ever shifting environment,\" said Russ Ivinjack, senior partner at investment consultant Aon.</p>\n<p>“We expect flows to active strategies to continue to be strong as most investors have a full allotment to indexing and require the additional return potential that active management offers in less efficient markets.”</p>\n<p>Flows into active funds have lagged in the past few years due to their higher fees and a lacklustre performance over passively managed funds.</p>\n<p>Active equity funds have delivered a return of 13.8% this year, lower than the passive equity funds' gain of 14%.</p>\n<p>\"The market is rife with alpha opportunity where the dispersion between the best and worst performing stock quintiles has trended well above average for over a year,\" said BofA in a note this month.</p>\n<p>Retail trading levels have increased since the beginning of the year, helped by the frenzy of buying in stocks such as GameStop Corp.</p>\n<p>However, their inclusion in indexes happens much later and hence investors in passive funds have to forego those initial gains, analysts said.</p>\n<p>GameStop Corp has risen 988% this year, against the S&amp;P 500 index's gain of 18%.</p>\n<p>\"GameStop was a part of the S&amp;P SmallCap 600, but it was after the stock gained some 10-fold in 2021 that it was added to the S&amp;P MidCap 400 index,\" said Kunal Sawhney, chief executive officer at independent research firm Kalkine.</p>\n<p>\"The point is indices rely on how any particular stock is trading in the market, and any addition or replacement in the index is based on stock performance.\"</p>\n<p>(Reporting by Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra in Bengaluru; Editing by Alison Williams)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168468850","content_text":"Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a surge in equities and higher participation of retail investors, who aim for higher returns than the benchmark indexes.\nAccording to Refinitiv data, global active equity funds have attracted a total $36.6 billion in the first eight months of this year, after seeing outflows in the previous seven years.\nEuropean active equity funds led the inflows, obtaining $155.1 billion, while Asian funds saw $41.7 billion.\nU.S. active equity funds witnessed outflows of $191 billion, however, the outflow was 32% less than in 2020.\n“The inflows broadly appear to be related to portfolio rebalancing and investors’ seeking active managers who can dynamically adjust to an ever shifting environment,\" said Russ Ivinjack, senior partner at investment consultant Aon.\n“We expect flows to active strategies to continue to be strong as most investors have a full allotment to indexing and require the additional return potential that active management offers in less efficient markets.”\nFlows into active funds have lagged in the past few years due to their higher fees and a lacklustre performance over passively managed funds.\nActive equity funds have delivered a return of 13.8% this year, lower than the passive equity funds' gain of 14%.\n\"The market is rife with alpha opportunity where the dispersion between the best and worst performing stock quintiles has trended well above average for over a year,\" said BofA in a note this month.\nRetail trading levels have increased since the beginning of the year, helped by the frenzy of buying in stocks such as GameStop Corp.\nHowever, their inclusion in indexes happens much later and hence investors in passive funds have to forego those initial gains, analysts said.\nGameStop Corp has risen 988% this year, against the S&P 500 index's gain of 18%.\n\"GameStop was a part of the S&P SmallCap 600, but it was after the stock gained some 10-fold in 2021 that it was added to the S&P MidCap 400 index,\" said Kunal Sawhney, chief executive officer at independent research firm Kalkine.\n\"The point is indices rely on how any particular stock is trading in the market, and any addition or 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future?","images":[{"img":"https://static.tigerbbs.com/4f59a26e23c7def87b0d2657cf465ecc","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815862316","isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":195470174,"gmtCreate":1621311620098,"gmtModify":1704355598588,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"please like my post","listText":"please like my post","text":"please like my post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/195470174","repostId":"2136968427","repostType":4,"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133627579,"gmtCreate":1621744782991,"gmtModify":1704362010374,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"please like and comment me!! will like and reply&nbsp;back&nbsp;","listText":"please like and comment me!! will like and reply&nbsp;back&nbsp;","text":"please like and comment me!! will like and reply back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/133627579","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","kind":"highlight","pubTimestamp":1621611396,"share":"https://ttm.financial/m/news/2137906121?lang=&edition=fundamental","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"USB":"美国合众银行","BRK.A":"伯克希尔","SYF":"Synchrony Financial","WFC":"富国银行","BRK.B":"伯克希尔B"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195479909,"gmtCreate":1621311644401,"gmtModify":1704355600205,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"please help to like and comment","listText":"please help to like and comment","text":"please help to like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/195479909","repostId":"1187982931","repostType":4,"repost":{"id":"1187982931","kind":"news","pubTimestamp":1621295030,"share":"https://ttm.financial/m/news/1187982931?lang=&edition=fundamental","pubTime":"2021-05-18 07:43","market":"us","language":"en","title":"Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1187982931","media":"CNBC","summary":"Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.Investors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put co","content":"<div>\n<p>Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMichael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187982931","content_text":"Famed investor Michael Burry on Monday revealed in a regulatory filing a short position againstTeslaworth more than half a billion.\nBurry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.\nInvestors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing.\nShares of Tesla fell more than 4% on Monday, bringing its month-to-date losses to nearly 20%.\nBurry, whose firm is Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Burry was depicted in Michael Lewis' book \"The Big Short\" and the subsequent Oscar-winning movie of the same name.\nTesla has had a turbulent 2021 amid slumping sales in China in April, and parts shortages that have impeded production both in the U.S. and China.\n\nBurry previously mentioned in a tweet, which he later deleted, that Tesla's reliance on regulatory credits to generate profits is a red flag.\nAs more automakers produce battery-electric vehicles of their own, ostensibly fewer will need to purchase environmental regulatory credits from Tesla, which they have done in order to become compliant with environmental regulations.\nBesides his \"Big Short,\" Burry made a killing from along GameStop position recentlyas the Reddit favorite made Wall Street history with its massive short squeeze.\nIn thefirst quarter of 2021, Tesla reported $518 million in sales of regulatory credits, whichElon Musk's company generally receives from government programs to support renewable energy. It has sold these to other automakers, notably FCA (now Stellantis) when they needed credits to offset their own carbon footprint.\nIn thefourth quarter of 2020, Tesla's $270 million in net income was enabled by its sale of $401 million in regulatory credits to other automakers.\nTesla historically has racked up around $1.6 billion in regulatory energy credits, primarily zero emission vehicle credits, which helped the company report more than four consecutive quarters of profitability, qualifying the automaker for addition to the S&P 500 index.\nTesla is currently delayed in producing and delivering its updated versions of its high-end sedan and SUV, the Model S and X. And it is delayed in commercial production of its custom-designed \"4680\" battery cells for use in forthcoming vehicles, including the Cybertruck and Tesla Semi.\nMeanwhile, Musk's electric vehicle venture is facing regulatory scrutiny in China and the U.S. with high-profile vehicle crashes leading to negative publicity and investigations by vehicle safety authorities in both nations.\nMany believe that CEO Musk'stweets about bitcoinand dogecoin have also contributed to the volatility in Tesla's stock. Musk has tens of millions of followers on Twitter.\nMusk, a proponent of cryptocurrency generally, announced last week that Tesla was indefinitely suspending the acceptance of bitcoin as a payment for cars, saying he was concerned by the \"rapidly increasing use of fossil fuels for Bitcoin mining and transactions.\" Tesla revealed earlier this year that it bought $1.5 billion worth of bitcoin.\nTesla shares have dropped nearly 20% in 2021 after surging a whopping 740% in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802869629,"gmtCreate":1627753300161,"gmtModify":1703495475135,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>wowowo","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>wowowo","text":"$Apple(AAPL)$wowowo","images":[{"img":"https://static.tigerbbs.com/dbf038bc8dde94faedf7fe7853cb730e","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/802869629","isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":101434954,"gmtCreate":1619929838578,"gmtModify":1704336507608,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"interesting read","listText":"interesting read","text":"interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/101434954","repostId":"1105099718","repostType":4,"repost":{"id":"1105099718","kind":"news","pubTimestamp":1619897946,"share":"https://ttm.financial/m/news/1105099718?lang=&edition=fundamental","pubTime":"2021-05-02 03:39","market":"us","language":"en","title":"Warren Buffett Faces Impatient Investors as Berkshire Hathaway Returns Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1105099718","media":"WSJ","summary":"Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerate. Professional money managers are turning up the heat on Warren Buffett’sBerkshire Hathaway Inc.BRK.B-0.95%. California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executive. While many of the complaints aren’t new and none of the shareholder proposals are","content":"<p>Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerate</p><p>Professional money managers are turning up the heat on Warren Buffett’s<u>Berkshire Hathaway</u>&nbsp;Inc.BRK.B -0.95%</p><p>California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executive<img src=\"https://static.tigerbbs.com/1dd969e4b237144cd02112f41464d169\" tg-width=\"824\" tg-height=\"1396\" referrerpolicy=\"no-referrer\"></p><p>Leading up to Berkshire’s annual meeting on Saturday, proxy advisers Glass Lewis &amp; Co. and Institutional Shareholder Services Inc. have recommended that investors withhold their votes for board members.</p><p>While many of the complaints aren’t new and none of the shareholder proposals are likely to pass, Berkshire’s lackluster returns in recent years have made it more vulnerable to criticism amid a growing wave of investor interest in corporate sustainability issues.</p><p>The shareholder movement to press companies on climate change, social progress and governance continues to gain steam in the U.S., emerging as<u>a key selling point for money managers in their efforts to keep client money</u>.</p><p>Under Mr. Buffett’s leadership,<u>the firm boasts 20% compounded annualized gains from 1965 to 2020</u>, outperforming the S&amp;P 500’s 10.2% gains including dividends during the period. Berkshire’s total returns over the past three- and five-year periods were 12% and 14%, respectively, compared with the index’s 19% and 18%.</p><p>“Berkshire has gotten a pass in part because of its historically strong financial performance,” said Simiso Nzima, head of corporate governance at Calpers.</p><p></p><p>Berkshire has continued to stress its continued focus on the long game. Mr. Buffett, who is chief executive and chairman of the company, built up<u>a diverse portfolio of mostly U.S. businesses and investments meant to perform over decades</u>, not to compete with a volatile market buoyed by booming tech stocks.</p><p>Calpers, the nation’s largest public-pension fund with $444 billion in assets, co-sponsored a shareholder proposal imploring Berkshire to provide more disclosures on climate-related risks and opportunities.</p><p>The pension fund is also withholding its votes to re-elect members of the board’s audit and governance committees on grounds of failing to meet shareholder demands over climate-risk disclosures. It said it was concerned that the board lacks new members, doesn’t engage with shareholders and isn’t letting investors vote on executive pay plans.</p><p>“If you don’t refresh the board, you don’t have a next generation of directors able to learn from the long-serving directors before they leave the board,” Mr. Nzima said.</p><p>Berkshire declined to comment ahead of the company’s Saturday meeting.</p><p>Neuberger, a privately held money manager with more than $429 billion in assets, also said it would vote for several shareholder-led proposals related to environmental, social and corporate-governance issues, often abbreviated as ESG.</p><p>“One would think that if companies have a responsibility to look out for the environment or deliver good on social issues and governance, that Berkshire might be a leader in these areas,” said Michelle Giordano, a Neuberger analyst who follows the company. “But it doesn’t seem like they are.”</p><p></p><p>Berkshire said in its annual proxy statement that while it agreed companies had a responsibility to manage&nbsp;climate risks, it preferred to let its various operating units commit to their own environmental policies. Mandates from a small corporate office, the company wrote, would infringe upon the autonomy that has helped those businesses thrive under Berkshire’s ownership. Berkshire Hathaway Energy, for instance, already produces<u>a sustainability report</u>.</p><p>Calpers has also pledged to support a proposal requiring the company to report its efforts to diversify its staff.</p><p>Berkshire said the diversity-report proposal improperly suggests that “there is a standardized technique for each of Berkshire’s more than 60 operating businesses to address diversity, equity and inclusion.”</p><p>“It would be unreasonable to ask for uniform, quantitative reporting for the purposes of comparing such dissimilar operations in different geographic locations,” Berkshire wrote.</p><p>Glass Lewis and ISS recommended shareholders vote for the ESG proposals and withhold votes for certain directors.</p><p>“This year there’s a lot more attention given from mainstream investors on ESG issues,” said Courteney Keatinge, a senior director of ESG research at Glass Lewis.</p><p>Another factor is at play: Berkshire shares are slowly changing hands.</p><p>Mr. Buffett’s longstanding plan to shrink his stake in the company over time has shifted more Berkshire shares to big institutional investors, said Lawrence Cunningham, a law professor at George Washington University who has written extensively about the company.</p><p>About 70% of Berkshire’s shares are owned by individuals, many of whom are longtime holders loyal to Mr. Buffett, Mr. Cunningham said. And many don’t care whether Berkshire lacks a corporate sustainability report or an investor-relations team at the ready to answer their questions.</p><p>“Berkshire’s unusual and valued family of individual shareholders may add to your understanding of our reluctance to court Wall Street analysts and institutional investors,” Mr. Buffett wrote in his most recent letter to shareholders. “We already have the investors we want and don’t think that they, on balance, would be upgraded by replacements.”</p><p>The gradual uptick in institutional ownership, though, might already be empowering professional managers to press Berkshire on governance matters.&nbsp;When Mr. Buffett and his estate sell off his remaining shares, it is likely those money managers will hold an even bigger stake in the company, Mr. Cunningham said.</p><p>“There will be a dawning of significant leadership and structural change, and these holders are preparing for that battle,” Mr. Cunningham said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Faces Impatient Investors as Berkshire Hathaway Returns Decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Faces Impatient Investors as Berkshire Hathaway Returns Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-02 03:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/warren-buffett-faces-impatient-investors-as-berkshire-hathaway-returns-decline-11619794480><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerateProfessional money managers are turning up the heat on Warren Buffett’sBerkshire Hathaway ...</p>\n\n<a href=\"https://www.wsj.com/articles/warren-buffett-faces-impatient-investors-as-berkshire-hathaway-returns-decline-11619794480\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/daaa666333c3b9bf0b940ffed4c1c369","relate_stocks":{"BRK.B":"伯克希尔B"},"source_url":"https://www.wsj.com/articles/warren-buffett-faces-impatient-investors-as-berkshire-hathaway-returns-decline-11619794480","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105099718","content_text":"Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerateProfessional money managers are turning up the heat on Warren Buffett’sBerkshire Hathaway Inc.BRK.B -0.95%California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executiveLeading up to Berkshire’s annual meeting on Saturday, proxy advisers Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that investors withhold their votes for board members.While many of the complaints aren’t new and none of the shareholder proposals are likely to pass, Berkshire’s lackluster returns in recent years have made it more vulnerable to criticism amid a growing wave of investor interest in corporate sustainability issues.The shareholder movement to press companies on climate change, social progress and governance continues to gain steam in the U.S., emerging asa key selling point for money managers in their efforts to keep client money.Under Mr. Buffett’s leadership,the firm boasts 20% compounded annualized gains from 1965 to 2020, outperforming the S&P 500’s 10.2% gains including dividends during the period. Berkshire’s total returns over the past three- and five-year periods were 12% and 14%, respectively, compared with the index’s 19% and 18%.“Berkshire has gotten a pass in part because of its historically strong financial performance,” said Simiso Nzima, head of corporate governance at Calpers.Berkshire has continued to stress its continued focus on the long game. Mr. Buffett, who is chief executive and chairman of the company, built upa diverse portfolio of mostly U.S. businesses and investments meant to perform over decades, not to compete with a volatile market buoyed by booming tech stocks.Calpers, the nation’s largest public-pension fund with $444 billion in assets, co-sponsored a shareholder proposal imploring Berkshire to provide more disclosures on climate-related risks and opportunities.The pension fund is also withholding its votes to re-elect members of the board’s audit and governance committees on grounds of failing to meet shareholder demands over climate-risk disclosures. It said it was concerned that the board lacks new members, doesn’t engage with shareholders and isn’t letting investors vote on executive pay plans.“If you don’t refresh the board, you don’t have a next generation of directors able to learn from the long-serving directors before they leave the board,” Mr. Nzima said.Berkshire declined to comment ahead of the company’s Saturday meeting.Neuberger, a privately held money manager with more than $429 billion in assets, also said it would vote for several shareholder-led proposals related to environmental, social and corporate-governance issues, often abbreviated as ESG.“One would think that if companies have a responsibility to look out for the environment or deliver good on social issues and governance, that Berkshire might be a leader in these areas,” said Michelle Giordano, a Neuberger analyst who follows the company. “But it doesn’t seem like they are.”Berkshire said in its annual proxy statement that while it agreed companies had a responsibility to manage climate risks, it preferred to let its various operating units commit to their own environmental policies. Mandates from a small corporate office, the company wrote, would infringe upon the autonomy that has helped those businesses thrive under Berkshire’s ownership. Berkshire Hathaway Energy, for instance, already producesa sustainability report.Calpers has also pledged to support a proposal requiring the company to report its efforts to diversify its staff.Berkshire said the diversity-report proposal improperly suggests that “there is a standardized technique for each of Berkshire’s more than 60 operating businesses to address diversity, equity and inclusion.”“It would be unreasonable to ask for uniform, quantitative reporting for the purposes of comparing such dissimilar operations in different geographic locations,” Berkshire wrote.Glass Lewis and ISS recommended shareholders vote for the ESG proposals and withhold votes for certain directors.“This year there’s a lot more attention given from mainstream investors on ESG issues,” said Courteney Keatinge, a senior director of ESG research at Glass Lewis.Another factor is at play: Berkshire shares are slowly changing hands.Mr. Buffett’s longstanding plan to shrink his stake in the company over time has shifted more Berkshire shares to big institutional investors, said Lawrence Cunningham, a law professor at George Washington University who has written extensively about the company.About 70% of Berkshire’s shares are owned by individuals, many of whom are longtime holders loyal to Mr. Buffett, Mr. Cunningham said. And many don’t care whether Berkshire lacks a corporate sustainability report or an investor-relations team at the ready to answer their questions.“Berkshire’s unusual and valued family of individual shareholders may add to your understanding of our reluctance to court Wall Street analysts and institutional investors,” Mr. Buffett wrote in his most recent letter to shareholders. “We already have the investors we want and don’t think that they, on balance, would be upgraded by replacements.”The gradual uptick in institutional ownership, though, might already be empowering professional managers to press Berkshire on governance matters. When Mr. Buffett and his estate sell off his remaining shares, it is likely those money managers will hold an even bigger stake in the company, Mr. Cunningham said.“There will be a dawning of significant leadership and structural change, and these holders are preparing for that battle,” Mr. Cunningham said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836775872,"gmtCreate":1629531939096,"gmtModify":1676530067076,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Niceee","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Niceee","text":"$Apple(AAPL)$Niceee","images":[{"img":"https://static.tigerbbs.com/e420f977e7e84ac35686171b882eccd4","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/836775872","isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893166365,"gmtCreate":1628247697257,"gmtModify":1703503902684,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[{"img":"https://static.tigerbbs.com/b99d102056f6e3ca84caeb4c8b0e2e2f","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/893166365","isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108246403,"gmtCreate":1620034540702,"gmtModify":1704337655133,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PATH\">$UiPath(PATH)$</a>wah caoo","listText":"<a href=\"https://laohu8.com/S/PATH\">$UiPath(PATH)$</a>wah caoo","text":"$UiPath(PATH)$wah caoo","images":[{"img":"https://static.tigerbbs.com/846eda895681b6b5a7d6284057fe4544","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/108246403","isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891055530,"gmtCreate":1628310082120,"gmtModify":1703504937583,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"hmmm good time to enter?","listText":"hmmm good time to enter?","text":"hmmm good time to enter?","images":[{"img":"https://static.tigerbbs.com/68e50e629350a43689a7783f46f0aef3","width":"750","height":"2179"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/891055530","isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":139924583,"gmtCreate":1621586134242,"gmtModify":1704360098204,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"please help reply to this","listText":"please help reply to this","text":"please help reply to this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/139924583","repostId":"1103156211","repostType":4,"repost":{"id":"1103156211","kind":"news","pubTimestamp":1621583922,"share":"https://ttm.financial/m/news/1103156211?lang=&edition=fundamental","pubTime":"2021-05-21 15:58","market":"us","language":"en","title":"HSBC’s Head of Corporates for Commercial Banking in H.K. Resigns","url":"https://stock-news.laohu8.com/highlight/detail?id=1103156211","media":"Bloomberg","summary":"HSBC veteran banker Wallace Lam likely to join rival bank\nBank fighting to retain staff after cuttin","content":"<ul>\n <li>HSBC veteran banker Wallace Lam likely to join rival bank</li>\n <li>Bank fighting to retain staff after cutting variable pay 20%</li>\n</ul>\n<p>Wallace Lam, head of corporates, commercial banking Hong Kong at HSBC Holdings Plc, is leaving the lender, according to people familiar with the matter.</p>\n<p>Lam resigned last week and is currently on gardening leave and will likely be joining a competing bank in Hong Kong, one of the people said. The people asked not to be named discussing an internal matter.</p>\n<p>Europe’s largest lender is pivoting to Asia and&nbsp;said&nbsp;in February it would spend more than $6 billion over the next five years to expand its Asian operations, in particular its wealth management arm. It’s also fighting to retain staff after it cut variable pay by about&nbsp;20%&nbsp;last year.</p>\n<p>Lam was previously co-head of global banking for Hong Kong and was with the bank for more than 10 years, according to his LinkedIn profile. He was also head of high yield capital markets and commercial banking debt origination for Asia at HSBC. The London-based bank earlier this year appointed Frank Fang head of commercial banking for Hong Kong, succeeding Terence Chiu, who retired.</p>\n<p>HSBC is trying to keep a lid on costs as part of its response to the pandemic. The bank has said it expects to reduce its workforce by about 35,000.</p>\n<p>A spokesman for HSBC declined to comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HSBC’s Head of Corporates for Commercial Banking in H.K. Resigns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHSBC’s Head of Corporates for Commercial Banking in H.K. Resigns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-21/hsbc-s-head-of-corporates-for-commercial-banking-in-h-k-resigns?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HSBC veteran banker Wallace Lam likely to join rival bank\nBank fighting to retain staff after cutting variable pay 20%\n\nWallace Lam, head of corporates, commercial banking Hong Kong at HSBC Holdings ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-21/hsbc-s-head-of-corporates-for-commercial-banking-in-h-k-resigns?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00005":"汇丰控股","HSBC":"汇丰"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-21/hsbc-s-head-of-corporates-for-commercial-banking-in-h-k-resigns?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103156211","content_text":"HSBC veteran banker Wallace Lam likely to join rival bank\nBank fighting to retain staff after cutting variable pay 20%\n\nWallace Lam, head of corporates, commercial banking Hong Kong at HSBC Holdings Plc, is leaving the lender, according to people familiar with the matter.\nLam resigned last week and is currently on gardening leave and will likely be joining a competing bank in Hong Kong, one of the people said. The people asked not to be named discussing an internal matter.\nEurope’s largest lender is pivoting to Asia and said in February it would spend more than $6 billion over the next five years to expand its Asian operations, in particular its wealth management arm. It’s also fighting to retain staff after it cut variable pay by about 20% last year.\nLam was previously co-head of global banking for Hong Kong and was with the bank for more than 10 years, according to his LinkedIn profile. He was also head of high yield capital markets and commercial banking debt origination for Asia at HSBC. The London-based bank earlier this year appointed Frank Fang head of commercial banking for Hong Kong, succeeding Terence Chiu, who retired.\nHSBC is trying to keep a lid on costs as part of its response to the pandemic. The bank has said it expects to reduce its workforce by about 35,000.\nA spokesman for HSBC declined to comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197900662,"gmtCreate":1621415382056,"gmtModify":1704357253967,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"please like and comment and subscribe","listText":"please like and comment and subscribe","text":"please like and comment and subscribe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197900662","repostId":"1158638540","repostType":4,"repost":{"id":"1158638540","kind":"news","pubTimestamp":1621409180,"share":"https://ttm.financial/m/news/1158638540?lang=&edition=fundamental","pubTime":"2021-05-19 15:26","market":"us","language":"en","title":"4 Things to Know Ahead of the Squarespace’s Direct Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1158638540","media":"Barrons","summary":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme","content":"<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.</p>\n<p>Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.</p>\n<p>The company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.</p>\n<p>Squarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in&nbsp;its filing with the Securities and Exchange Commission.</p>\n<p>The company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.</p>\n<p><b>Growing Revenue, Shrinking Profits</b></p>\n<p>Squarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.</p>\n<p>The company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.</p>\n<p>About 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.</p>\n<p>Squarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.</p>\n<p>Despite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.</p>\n<p><b>Competition Aplenty</b></p>\n<p>The company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like&nbsp;Wix.com&nbsp;(ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse&nbsp;Shopify&nbsp;(ticker: SHOP),&nbsp;which lets businesses set up online shops.</p>\n<p>Squarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.</p>\n<p>Jefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.</p>\n<p><b>On the Menu</b></p>\n<p>SquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.</p>\n<p>This part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.</p>\n<p>“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash&nbsp;(DASH) and&nbsp;Grubhub&nbsp;(GRUB),&nbsp;along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.</p>\n<p>At the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.</p>\n<p><b>Marketing Bucks</b></p>\n<p>Squarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.</p>\n<p>The company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”</p>\n<p>Among its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Things to Know Ahead of the Squarespace’s Direct Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Things to Know Ahead of the Squarespace’s Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue ...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQSP":"Squarespace Inc."},"source_url":"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158638540","content_text":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.\nNow Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.\nThe company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.\nSquarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.\nThe company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.\nGrowing Revenue, Shrinking Profits\nSquarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.\nThe company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.\nAbout 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.\nSquarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.\nDespite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.\nCompetition Aplenty\nThe company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.\nSquarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.\nJefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.\nOn the Menu\nSquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.\nThis part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.\n“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.\nAt the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.\nMarketing Bucks\nSquarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.\nThe company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”\nAmong its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197077481,"gmtCreate":1621415274043,"gmtModify":1704357252978,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ooook","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ooook","text":"$Walt Disney(DIS)$ooook","images":[{"img":"https://static.tigerbbs.com/72514d7bbc3d8263b8f19362b70cbe1c","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/197077481","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816572355,"gmtCreate":1630509981077,"gmtModify":1676530326484,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>wow","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>wow","text":"$Apple(AAPL)$wow","images":[{"img":"https://static.tigerbbs.com/62ad0d5a9a940213535e799273d68fa1","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816572355","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":177296980,"gmtCreate":1627219532440,"gmtModify":1703485692254,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"okk","listText":"okk","text":"okk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/177296980","repostId":"2153936352","repostType":4,"repost":{"id":"2153936352","kind":"highlight","pubTimestamp":1627180340,"share":"https://ttm.financial/m/news/2153936352?lang=&edition=fundamental","pubTime":"2021-07-25 10:32","market":"us","language":"en","title":"Will Square Be Worth More Than PayPal by 2025?","url":"https://stock-news.laohu8.com/highlight/detail?id=2153936352","media":"Motley Fool","summary":"Could the ambitious fintech company overtake the market leader?","content":"<p><b>Square</b> (NYSE:SQ) and <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> (NASDAQ:PYPL) have both generated massive returns for patient investors over the past few years. Square went public at $9 per share in late 2015, and it's now trading at around $260. PayPal, which was spun off from<b> <a href=\"https://laohu8.com/S/EBAY\">eBay</a> </b>(NASDAQ:EBAY) earlier that year, has advanced more than 720% since its debut to over $300 per share.</p>\n<p>Square is worth nearly $120 billion as of this writing, while PayPal is worth over $350 billion. That isn't surprising, since PayPal still serves a much larger audience and operates in more countries than Square. But gazing into the future, could Square eventually match -- or even surpass -- PayPal's valuation by 2025? Let's examine both fintech companies' growth trajectories and valuations to find out.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3384d45efb17ed54b398c7dbcc043fb\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2><b>Wild ambitions vs. stable growth</b></h2>\n<p>Square and PayPal's core business models are similar. Both companies charge businesses flat fees, which vary by platform and transaction type, to process payments. Both companies offer small business loans. Square's Cash App and PayPal's Venmo both enable consumers to make peer-to-peer payments, and both companies provide branded debit cards that are linked to users' online accounts.</p>\n<p>But Square has been willing to take bolder risks than PayPal over the past few years. It expanded its services ecosystem with online payroll management services and analytics tools, and recently launched a full suite of online banking services. Square also added <b>Bitcoin</b> (CRYPTO:BTC) purchases to its Cash App in 2018, added free stock trades to the app to challenge Robinhood in 2019, and plans to add Credit Karma's tax filing services to its ecosystem in the near future.</p>\n<p>PayPal only started offering cryptocurrency trades last October, and it doesn't have any near-term plans to launch stock trading tools or dedicated tax filing services, or expand into a full-blown online bank like Square. Simply put, Square seems to have wilder and grander ambitions than PayPal.</p>\n<h2>Which company is growing faster?</h2>\n<p>Between 2015 and 2020, Square grew its annual revenue at a CAGR of 49.6%. Excluding its massive gain in Bitcoin revenue last year, it would still have grown its revenue at a CAGR of 31.2% over the past five years. PayPal's annual revenue grew at a CAGR of 18.5% between 2015 and 2020. Let's take a look at Wall Street's expectations for both companies over the next two years.</p>\n<table border=\"1\" width=\"600\">\n <colgroup></colgroup>\n <tbody>\n  <tr valign=\"TOP\">\n   <th width=\"118\"><p>Company</p></th>\n   <th width=\"213\"><p>Estimated Sales Growth (FY 2021)</p></th>\n   <th width=\"225\"><p>Estimated Sales Growth(FY 2022)</p></th>\n  </tr>\n  <tr valign=\"TOP\">\n   <td width=\"118\"><p><b>Square</b></p></td>\n   <td width=\"213\"><p>110.6%</p></td>\n   <td width=\"225\"><p>14.1%</p></td>\n  </tr>\n  <tr valign=\"TOP\">\n   <td width=\"118\"><p><b>PayPal</b></p></td>\n   <td width=\"213\"><p>20.6%</p></td>\n   <td width=\"225\"><p>21.5%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Yahoo Finance, July 22.</p>\n<p>Analysts expect Square's Bitcoin revenue to continue rising this year before cooling off next year. They also expect its growth in transaction-based and seller service revenue, which slowed down during the pandemic, to recover as more businesses reopen. The Cash App, which grew its monthly active users 50% to 36 million in 2020, should also keep expanding as Square adds new services.</p>\n<p>Cathie Wood's ARK Invest expects Square's transaction-based and seller service revenues to grow at a CAGR of 19% through 2025. It also expects the Cash App's MAUs to more than double to 75 million, for Square to monetize roughly 40% of those users, and for its average revenue per Cash App user to grow from $25 in 2019 to $260 in 2025 -- which would represent a whopping CAGR of 49%.</p>\n<p>PayPal's growth should remain more predictable, since it doesn't generate significant revenue from cryptocurrencies yet. Instead, it will mainly rely on its growth in active accounts, which rose 21% year-over-year to 392 million last quarter, to generate stable revenue from its processing fees.</p>\n<p>PayPal expects to nearly double its active accounts to 750 million and <i>more than double</i> its annual revenue to over $50 billion by 2025. It also plans to grow its earnings at a CAGR of 22% from 2020 to 2025. It believes the rising acceptance of QR codes and NFC payments, the expansion of its financial services, and higher engagement rates for its apps will all drive that long-term growth.</p>\n<h2>Will Square be worth more than PayPal by 2025?</h2>\n<p>In a best-case scenario, ARK Invest believes Square's stock could hit $500 per share by 2025 if it hits its growth targets. But unlike PayPal, Square hasn't provided any concrete targets of its own yet.</p>\n<p>If Square hits $500 and its valuations hold steady, it could be worth just over $200 billion by 2025. Meanwhile, if PayPal achieves its goals of more than doubling its annual revenue and growing its EPS at a CAGR of 22% through 2025, its stock could easily double and boost its market cap to $700 billion.</p>\n<p>Therefore, it's doubtful that Square -- which already trades at higher valuations than PayPal -- will be the more valuable company by 2025. But that doesn't mean PayPal is necessarily a better growth stock than Square. I personally own Square instead of PayPal, because I admire its ambitious and forward-thinking strategies. Both stocks are still great long-term investments on the booming fintech market, so investors shouldn't fret too much over which company has the higher market cap.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Square Be Worth More Than PayPal by 2025?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Square Be Worth More Than PayPal by 2025?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-25 10:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/24/will-square-be-worth-more-than-paypal-by-2025/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Square (NYSE:SQ) and PayPal (NASDAQ:PYPL) have both generated massive returns for patient investors over the past few years. Square went public at $9 per share in late 2015, and it's now trading at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/24/will-square-be-worth-more-than-paypal-by-2025/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","PYPL":"PayPal"},"source_url":"https://www.fool.com/investing/2021/07/24/will-square-be-worth-more-than-paypal-by-2025/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153936352","content_text":"Square (NYSE:SQ) and PayPal (NASDAQ:PYPL) have both generated massive returns for patient investors over the past few years. Square went public at $9 per share in late 2015, and it's now trading at around $260. PayPal, which was spun off from eBay (NASDAQ:EBAY) earlier that year, has advanced more than 720% since its debut to over $300 per share.\nSquare is worth nearly $120 billion as of this writing, while PayPal is worth over $350 billion. That isn't surprising, since PayPal still serves a much larger audience and operates in more countries than Square. But gazing into the future, could Square eventually match -- or even surpass -- PayPal's valuation by 2025? Let's examine both fintech companies' growth trajectories and valuations to find out.\nImage source: Getty Images.\nWild ambitions vs. stable growth\nSquare and PayPal's core business models are similar. Both companies charge businesses flat fees, which vary by platform and transaction type, to process payments. Both companies offer small business loans. Square's Cash App and PayPal's Venmo both enable consumers to make peer-to-peer payments, and both companies provide branded debit cards that are linked to users' online accounts.\nBut Square has been willing to take bolder risks than PayPal over the past few years. It expanded its services ecosystem with online payroll management services and analytics tools, and recently launched a full suite of online banking services. Square also added Bitcoin (CRYPTO:BTC) purchases to its Cash App in 2018, added free stock trades to the app to challenge Robinhood in 2019, and plans to add Credit Karma's tax filing services to its ecosystem in the near future.\nPayPal only started offering cryptocurrency trades last October, and it doesn't have any near-term plans to launch stock trading tools or dedicated tax filing services, or expand into a full-blown online bank like Square. Simply put, Square seems to have wilder and grander ambitions than PayPal.\nWhich company is growing faster?\nBetween 2015 and 2020, Square grew its annual revenue at a CAGR of 49.6%. Excluding its massive gain in Bitcoin revenue last year, it would still have grown its revenue at a CAGR of 31.2% over the past five years. PayPal's annual revenue grew at a CAGR of 18.5% between 2015 and 2020. Let's take a look at Wall Street's expectations for both companies over the next two years.\n\n\n\n\nCompany\nEstimated Sales Growth (FY 2021)\nEstimated Sales Growth(FY 2022)\n\n\nSquare\n110.6%\n14.1%\n\n\nPayPal\n20.6%\n21.5%\n\n\n\nSource: Yahoo Finance, July 22.\nAnalysts expect Square's Bitcoin revenue to continue rising this year before cooling off next year. They also expect its growth in transaction-based and seller service revenue, which slowed down during the pandemic, to recover as more businesses reopen. The Cash App, which grew its monthly active users 50% to 36 million in 2020, should also keep expanding as Square adds new services.\nCathie Wood's ARK Invest expects Square's transaction-based and seller service revenues to grow at a CAGR of 19% through 2025. It also expects the Cash App's MAUs to more than double to 75 million, for Square to monetize roughly 40% of those users, and for its average revenue per Cash App user to grow from $25 in 2019 to $260 in 2025 -- which would represent a whopping CAGR of 49%.\nPayPal's growth should remain more predictable, since it doesn't generate significant revenue from cryptocurrencies yet. Instead, it will mainly rely on its growth in active accounts, which rose 21% year-over-year to 392 million last quarter, to generate stable revenue from its processing fees.\nPayPal expects to nearly double its active accounts to 750 million and more than double its annual revenue to over $50 billion by 2025. It also plans to grow its earnings at a CAGR of 22% from 2020 to 2025. It believes the rising acceptance of QR codes and NFC payments, the expansion of its financial services, and higher engagement rates for its apps will all drive that long-term growth.\nWill Square be worth more than PayPal by 2025?\nIn a best-case scenario, ARK Invest believes Square's stock could hit $500 per share by 2025 if it hits its growth targets. But unlike PayPal, Square hasn't provided any concrete targets of its own yet.\nIf Square hits $500 and its valuations hold steady, it could be worth just over $200 billion by 2025. Meanwhile, if PayPal achieves its goals of more than doubling its annual revenue and growing its EPS at a CAGR of 22% through 2025, its stock could easily double and boost its market cap to $700 billion.\nTherefore, it's doubtful that Square -- which already trades at higher valuations than PayPal -- will be the more valuable company by 2025. But that doesn't mean PayPal is necessarily a better growth stock than Square. I personally own Square instead of PayPal, because I admire its ambitious and forward-thinking strategies. Both stocks are still great long-term investments on the booming fintech market, so investors shouldn't fret too much over which company has the higher market cap.","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137732258,"gmtCreate":1622389280174,"gmtModify":1704183742946,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"wow this is interesting&nbsp;","listText":"wow this is interesting&nbsp;","text":"wow this is interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/137732258","repostId":"2138395488","repostType":4,"repost":{"id":"2138395488","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1622212203,"share":"https://ttm.financial/m/news/2138395488?lang=&edition=fundamental","pubTime":"2021-05-28 22:30","market":"us","language":"en","title":"USA Truck: Stock Surge, Improved OR, Lower Turnover And Just 1 Pay Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2138395488","media":"Benzinga","summary":"USA Truck (NASDAQ: USAK) implemented a pay increase for its drivers earlier this month.","content":"<p><b><a href=\"https://laohu8.com/S/USAK\">USA Truck</a> </b>(NASDAQ:USAK) implemented a pay increase for its drivers earlier this month.</p><p>That normally isn't a big deal. Companies have been doing that since late last summer. What was notable about USA Truck, <a href=\"https://laohu8.com/S/AONE\">one</a> of the country's largest truckload carriers and publicly traded to boot, is that it was the company's first increase in pay since 2018, while other companies have implemented multiple recent increases.</p><p>And yet USA Truck says it has managed to cut its turnover rate by 50%.</p><p>That's according to Nick Wakefield, the vice president of driver recruiting and retention at USA Truck. FreightWaves interviewed Wakefield following a joint announcement between USA Truck and WorkHound, whose app seeks to provide trucking companies with close-to-real-time feedback from drivers. In that announcement, USA Truck credited its partnership with WorkHound as a key reason for the decline in turnover.</p><p>\"Using WorkHound really helped inform us of what the current-right-now experience is, so we can engage in that experience, change it, and lead to a different result,\" Wakefield said in the joint announcement.</p><p>The success story USA Truck is telling about its retention efforts suggests two things. One, increasing pay is not necessarily the end-all in retention. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, feedback only has value if it's acted upon.</p><p>\"Back in June of last year, we had recognized as a leadership team that in order for us to achieve the key results of the business we wanted, we had to do something different,\" Wakefield told FreightWaves. \"Mid-COVID, we said let's put a pause on what we are doing. We are doing the same things and not producing different results, the definition of insanity.\"</p><p>To get the results it sought, Wakefield said, the culture needed to change. \"In order for (management) to take different actions, we need them to have different beliefs,\" he said.</p><p>If the proof of the success is measured in numbers, things are looking pretty good at USA Truck. In the prior 12 months, its stock is up about 165%. (By comparison, the 52-week performance of some other truckload carriers as of Thursday looks like this: <b>Werner </b>(NASDAQ: WERN), up 7.5%; <b>Heartland </b>(NASDAQ:HTLD), down 16.8%; <b>Marten </b>(NASDAQ:MRTN), down 3.2%.</p><p>The company's first-quarter operating ratio was 95.8% in its trucking operations. A year ago, it was 101.5%, though it should be noted that most companies had improved ORs in the first quarter compared to the prior year. But the OR was also better than the 97.2% of the first quarter of 2019.</p><p>Where Workhound came into what Wakefield said was the goal of \"delivering a new experience for drivers\" is that its feedback formed the basis of a culture change. USA Truck regularly looked to what Wakefield called \"weekly feedback prompts\" from the comments made by USA Truck drivers submitted through the Workhound app. And beyond that, he said, \"Workhound held us accountable, asking us, ‘Are you taking action on the feedback?'\"</p><p>Still, all the culture change in the world wouldn't have mattered if pay had not kept up with the rising levels at trucking companies and other competitors for talent. But it was the feedback it was getting from drivers that led USA Truck to not simply chase higher rates as a route to retention, a path it had not seen work in the past.</p><p>\"We start every meeting with our cultural beliefs, our safety values and then our culture statements,\" he said. \"We drive it through the entire organization.\"</p><p>Employees have been \"empowered to feel like they could actually give feedback and have the managers actually listen and take action,\" he added.</p><p>Even Wakefield knows that such talk can be heard anywhere. But beyond the financial results, he pointed to another result of the changes at the company: USA Truck is in the middle of its longest streak of net hires in 19 years.</p><p>Given that success hasn't come just on the back of a series of higher pay levels, as at some companies, it comes back to a conclusion that Wakefield said they had reached at USA Truck.</p><p>\"Rate per mile doesn't define what a weekly paycheck looks like,\" he said. \"It's the number of miles you get.\"</p><p>The feedback also confirmed what has long been known but is a tough nut to crack: Drivers — at least some of them — like to be home at night.</p><p>Wakefield said in response to that desire, USA Truck created what he called a \"brand new shuttle program.\" It involved having drivers far more regularly utilize terminals as \"pickup points\" where a driver seeking to get home could swap out a load with another driver seeking the same thing, or on to an OTR driver who is spending more hours on the road.</p><p>Much of the feedback fell under what might be considered a broad category: \"Injustices and things they really wish they had in their job,\" Wakefield said.</p><p>He expressed confidence that responding to that toxic combination has \"shut the door, because they are not leaving for other jobs. We have the types of jobs they want and they are getting bigger paychecks.\"</p><p>\"We keep our drivers moving, and they are getting more miles,\" Wakefield said. \"We get drivers home who want to be home.\"</p><p>Wakefield said about 22% of the company's drivers are getting home each night, up from a percentage that was essentially zero.</p><p>There are other steps the company has taken on what would be considered compensation. Paid holidays that had been granted to office workers now are given to drivers as well. \"We had drivers who complained that we don't like how PTO is paid out,\" Wakefield said. \"We dug into it and came up with a better solution and ran it by the drivers.\"</p><p>He said USA Truck had been \"shooting\" to get its turnover closer to the turnover rate published by the American Trucking Associations, which for the last three months of 2020 put it at 92% for fleets with more than $30 million in annual revenue, unchanged from the prior quarter.</p><p>The new pay scale at USA Truck raised the per-mile rate by 10 cents for new drivers, and the pay scales for longer-tenured drivers key off that number. \"We eliminated the bonuses, we eliminated the pay bands, and we just came up with a good rate per mile,\" Wakefield said. The analysis led them to conclude \"that is probably the best thing for us and for the drivers.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>USA Truck: Stock Surge, Improved OR, Lower Turnover And Just 1 Pay Hike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUSA Truck: Stock Surge, Improved OR, Lower Turnover And Just 1 Pay Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-28 22:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/USAK\">USA Truck</a> </b>(NASDAQ:USAK) implemented a pay increase for its drivers earlier this month.</p><p>That normally isn't a big deal. Companies have been doing that since late last summer. What was notable about USA Truck, <a href=\"https://laohu8.com/S/AONE\">one</a> of the country's largest truckload carriers and publicly traded to boot, is that it was the company's first increase in pay since 2018, while other companies have implemented multiple recent increases.</p><p>And yet USA Truck says it has managed to cut its turnover rate by 50%.</p><p>That's according to Nick Wakefield, the vice president of driver recruiting and retention at USA Truck. FreightWaves interviewed Wakefield following a joint announcement between USA Truck and WorkHound, whose app seeks to provide trucking companies with close-to-real-time feedback from drivers. In that announcement, USA Truck credited its partnership with WorkHound as a key reason for the decline in turnover.</p><p>\"Using WorkHound really helped inform us of what the current-right-now experience is, so we can engage in that experience, change it, and lead to a different result,\" Wakefield said in the joint announcement.</p><p>The success story USA Truck is telling about its retention efforts suggests two things. One, increasing pay is not necessarily the end-all in retention. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, feedback only has value if it's acted upon.</p><p>\"Back in June of last year, we had recognized as a leadership team that in order for us to achieve the key results of the business we wanted, we had to do something different,\" Wakefield told FreightWaves. \"Mid-COVID, we said let's put a pause on what we are doing. We are doing the same things and not producing different results, the definition of insanity.\"</p><p>To get the results it sought, Wakefield said, the culture needed to change. \"In order for (management) to take different actions, we need them to have different beliefs,\" he said.</p><p>If the proof of the success is measured in numbers, things are looking pretty good at USA Truck. In the prior 12 months, its stock is up about 165%. (By comparison, the 52-week performance of some other truckload carriers as of Thursday looks like this: <b>Werner </b>(NASDAQ: WERN), up 7.5%; <b>Heartland </b>(NASDAQ:HTLD), down 16.8%; <b>Marten </b>(NASDAQ:MRTN), down 3.2%.</p><p>The company's first-quarter operating ratio was 95.8% in its trucking operations. A year ago, it was 101.5%, though it should be noted that most companies had improved ORs in the first quarter compared to the prior year. But the OR was also better than the 97.2% of the first quarter of 2019.</p><p>Where Workhound came into what Wakefield said was the goal of \"delivering a new experience for drivers\" is that its feedback formed the basis of a culture change. USA Truck regularly looked to what Wakefield called \"weekly feedback prompts\" from the comments made by USA Truck drivers submitted through the Workhound app. And beyond that, he said, \"Workhound held us accountable, asking us, ‘Are you taking action on the feedback?'\"</p><p>Still, all the culture change in the world wouldn't have mattered if pay had not kept up with the rising levels at trucking companies and other competitors for talent. But it was the feedback it was getting from drivers that led USA Truck to not simply chase higher rates as a route to retention, a path it had not seen work in the past.</p><p>\"We start every meeting with our cultural beliefs, our safety values and then our culture statements,\" he said. \"We drive it through the entire organization.\"</p><p>Employees have been \"empowered to feel like they could actually give feedback and have the managers actually listen and take action,\" he added.</p><p>Even Wakefield knows that such talk can be heard anywhere. But beyond the financial results, he pointed to another result of the changes at the company: USA Truck is in the middle of its longest streak of net hires in 19 years.</p><p>Given that success hasn't come just on the back of a series of higher pay levels, as at some companies, it comes back to a conclusion that Wakefield said they had reached at USA Truck.</p><p>\"Rate per mile doesn't define what a weekly paycheck looks like,\" he said. \"It's the number of miles you get.\"</p><p>The feedback also confirmed what has long been known but is a tough nut to crack: Drivers — at least some of them — like to be home at night.</p><p>Wakefield said in response to that desire, USA Truck created what he called a \"brand new shuttle program.\" It involved having drivers far more regularly utilize terminals as \"pickup points\" where a driver seeking to get home could swap out a load with another driver seeking the same thing, or on to an OTR driver who is spending more hours on the road.</p><p>Much of the feedback fell under what might be considered a broad category: \"Injustices and things they really wish they had in their job,\" Wakefield said.</p><p>He expressed confidence that responding to that toxic combination has \"shut the door, because they are not leaving for other jobs. We have the types of jobs they want and they are getting bigger paychecks.\"</p><p>\"We keep our drivers moving, and they are getting more miles,\" Wakefield said. \"We get drivers home who want to be home.\"</p><p>Wakefield said about 22% of the company's drivers are getting home each night, up from a percentage that was essentially zero.</p><p>There are other steps the company has taken on what would be considered compensation. Paid holidays that had been granted to office workers now are given to drivers as well. \"We had drivers who complained that we don't like how PTO is paid out,\" Wakefield said. \"We dug into it and came up with a better solution and ran it by the drivers.\"</p><p>He said USA Truck had been \"shooting\" to get its turnover closer to the turnover rate published by the American Trucking Associations, which for the last three months of 2020 put it at 92% for fleets with more than $30 million in annual revenue, unchanged from the prior quarter.</p><p>The new pay scale at USA Truck raised the per-mile rate by 10 cents for new drivers, and the pay scales for longer-tenured drivers key off that number. \"We eliminated the bonuses, we eliminated the pay bands, and we just came up with a good rate per mile,\" Wakefield said. The analysis led them to conclude \"that is probably the best thing for us and for the drivers.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HTLD":"哈特兰快递","WERN":"沃纳企业公司","MRTN":"马尔登运输","USAK":"USA Truck"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138395488","content_text":"USA Truck (NASDAQ:USAK) implemented a pay increase for its drivers earlier this month.That normally isn't a big deal. Companies have been doing that since late last summer. What was notable about USA Truck, one of the country's largest truckload carriers and publicly traded to boot, is that it was the company's first increase in pay since 2018, while other companies have implemented multiple recent increases.And yet USA Truck says it has managed to cut its turnover rate by 50%.That's according to Nick Wakefield, the vice president of driver recruiting and retention at USA Truck. FreightWaves interviewed Wakefield following a joint announcement between USA Truck and WorkHound, whose app seeks to provide trucking companies with close-to-real-time feedback from drivers. In that announcement, USA Truck credited its partnership with WorkHound as a key reason for the decline in turnover.\"Using WorkHound really helped inform us of what the current-right-now experience is, so we can engage in that experience, change it, and lead to a different result,\" Wakefield said in the joint announcement.The success story USA Truck is telling about its retention efforts suggests two things. One, increasing pay is not necessarily the end-all in retention. Two, feedback only has value if it's acted upon.\"Back in June of last year, we had recognized as a leadership team that in order for us to achieve the key results of the business we wanted, we had to do something different,\" Wakefield told FreightWaves. \"Mid-COVID, we said let's put a pause on what we are doing. We are doing the same things and not producing different results, the definition of insanity.\"To get the results it sought, Wakefield said, the culture needed to change. \"In order for (management) to take different actions, we need them to have different beliefs,\" he said.If the proof of the success is measured in numbers, things are looking pretty good at USA Truck. In the prior 12 months, its stock is up about 165%. (By comparison, the 52-week performance of some other truckload carriers as of Thursday looks like this: Werner (NASDAQ: WERN), up 7.5%; Heartland (NASDAQ:HTLD), down 16.8%; Marten (NASDAQ:MRTN), down 3.2%.The company's first-quarter operating ratio was 95.8% in its trucking operations. A year ago, it was 101.5%, though it should be noted that most companies had improved ORs in the first quarter compared to the prior year. But the OR was also better than the 97.2% of the first quarter of 2019.Where Workhound came into what Wakefield said was the goal of \"delivering a new experience for drivers\" is that its feedback formed the basis of a culture change. USA Truck regularly looked to what Wakefield called \"weekly feedback prompts\" from the comments made by USA Truck drivers submitted through the Workhound app. And beyond that, he said, \"Workhound held us accountable, asking us, ‘Are you taking action on the feedback?'\"Still, all the culture change in the world wouldn't have mattered if pay had not kept up with the rising levels at trucking companies and other competitors for talent. But it was the feedback it was getting from drivers that led USA Truck to not simply chase higher rates as a route to retention, a path it had not seen work in the past.\"We start every meeting with our cultural beliefs, our safety values and then our culture statements,\" he said. \"We drive it through the entire organization.\"Employees have been \"empowered to feel like they could actually give feedback and have the managers actually listen and take action,\" he added.Even Wakefield knows that such talk can be heard anywhere. But beyond the financial results, he pointed to another result of the changes at the company: USA Truck is in the middle of its longest streak of net hires in 19 years.Given that success hasn't come just on the back of a series of higher pay levels, as at some companies, it comes back to a conclusion that Wakefield said they had reached at USA Truck.\"Rate per mile doesn't define what a weekly paycheck looks like,\" he said. \"It's the number of miles you get.\"The feedback also confirmed what has long been known but is a tough nut to crack: Drivers — at least some of them — like to be home at night.Wakefield said in response to that desire, USA Truck created what he called a \"brand new shuttle program.\" It involved having drivers far more regularly utilize terminals as \"pickup points\" where a driver seeking to get home could swap out a load with another driver seeking the same thing, or on to an OTR driver who is spending more hours on the road.Much of the feedback fell under what might be considered a broad category: \"Injustices and things they really wish they had in their job,\" Wakefield said.He expressed confidence that responding to that toxic combination has \"shut the door, because they are not leaving for other jobs. We have the types of jobs they want and they are getting bigger paychecks.\"\"We keep our drivers moving, and they are getting more miles,\" Wakefield said. \"We get drivers home who want to be home.\"Wakefield said about 22% of the company's drivers are getting home each night, up from a percentage that was essentially zero.There are other steps the company has taken on what would be considered compensation. Paid holidays that had been granted to office workers now are given to drivers as well. \"We had drivers who complained that we don't like how PTO is paid out,\" Wakefield said. \"We dug into it and came up with a better solution and ran it by the drivers.\"He said USA Truck had been \"shooting\" to get its turnover closer to the turnover rate published by the American Trucking Associations, which for the last three months of 2020 put it at 92% for fleets with more than $30 million in annual revenue, unchanged from the prior quarter.The new pay scale at USA Truck raised the per-mile rate by 10 cents for new drivers, and the pay scales for longer-tenured drivers key off that number. \"We eliminated the bonuses, we eliminated the pay bands, and we just came up with a good rate per mile,\" Wakefield said. The analysis led them to conclude \"that is probably the best thing for us and for the drivers.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133624843,"gmtCreate":1621744704082,"gmtModify":1704362008570,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"interesting read","listText":"interesting read","text":"interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/133624843","repostId":"2137990425","repostType":4,"repost":{"id":"2137990425","kind":"highlight","pubTimestamp":1621610466,"share":"https://ttm.financial/m/news/2137990425?lang=&edition=fundamental","pubTime":"2021-05-21 23:21","market":"us","language":"en","title":"Tech Stock Crash -- Buy These 2 Growth Stocks on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2137990425","media":"Motley Fool","summary":"Tech stocks have taken a hit. Now looks like a good time to buy a few growth stocks with great potential.","content":"<p>If you're a tech investor, you've probably seen some red in your portfolio recently. Fears over inflation have sparked a sell-off, dragging many growth stocks down in the process. Of course, it's natural to panic, but that's not very productive.</p>\n<p>Instead, think of this as a buying opportunity. For instance, <b>Cloudflare</b> (NYSE:NET) and <b>Shopify</b> (NYSE:SHOP) have each fallen over 20% from their 52-week highs, but both look like good long-term investments. Here's why you should consider buying these two growth stocks on the dip.</p>\n<h2>1. Cloudflare: Cloud computing</h2>\n<p>Cloudflare is a cloud services provider that makes the internet faster, more reliable, and more secure. Its global network spans 200 cities, and supports nearly 17%&nbsp;of the internet as of April 2021, according to W3Techs. Those are incredible statistics, but they mean more in context. So let's look at a recent product launch.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e55778fa4732da24b1a14ed4fcaafa2\" tg-width=\"700\" tg-height=\"478\"><span>Image source: Getty Images.</span></p>\n<p>Traditionally, corporations have taken a castle-and-moat approach&nbsp;to networks: All resources were stored on-site, all employees worked in the office, and all incoming and outgoing connections were filtered through central hardware (e.g. firewall boxes, internet gateways). But this model is no longer efficient or effective, since more employees are working remotely and more enterprises rely on cloud computing.</p>\n<p>In 2020, Cloudflare launched Cloudflare for Teams to solve this problem. This product is built around Cloudflare Access and Cloudflare Gateway, enabling employees to securely access corporate resources and the open internet whether they are in the office or working remotely.</p>\n<p>Moreover, Cloudflare's global network offers performance at a scale that would be impossible for most enterprises to achieve on their own. It also eliminates the need for costly on-site hardware. Put another way, Cloudflare for Teams is faster and cheaper than legacy network security solutions.</p>\n<p>Beyond this example, Cloudflare offers a range of other products -- everything from serverless computing to streaming video platforms -- all of which are designed to enhance performance and security.</p>\n<p>In total, management believes the company's market opportunity will grow at 9% per year, rising from $72 billion in 2020 to $100 billion by 2024. But Cloudflare's revenue is growing <i>much</i> faster, meaning the company is gaining market share.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>2017</p></th>\n   <th><p>Q1 2021 (TTM)</p></th>\n   <th><p>CAGR</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"156\"><p>Customers</p></td>\n   <td width=\"156\"><p>49,309</p></td>\n   <td width=\"156\"><p>119,206</p></td>\n   <td width=\"156\"><p>31%</p></td>\n  </tr>\n  <tr>\n   <td width=\"156\"><p>Revenue</p></td>\n   <td width=\"156\"><p>$135 million</p></td>\n   <td width=\"156\"><p>$478 million</p></td>\n   <td width=\"156\"><p>48%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Cloudflare&nbsp;SEC filings. TTM = trailing-12-months. CAGR = compound annual growth rate.</p>\n<p>Going forward, investors should pay attention to Cloudflare's ability to maintain its momentum. The company faces competition from legacy providers like <b>Akamai</b>&nbsp;and public cloud titans like <b>Amazon</b> Web Services. However, Cloudflare is currently growing more quickly than both. That's why this growth stock is a buy for long-term investors.</p>\n<h2>2. Shopify: E-commerce</h2>\n<p>Creating an e-commerce website is complicated, especially if you're not a software developer. And managing a business is even more complicated since you need a way to process payments, manage inventory, fulfill and ship orders, and run ad campaigns.</p>\n<p>Shopify removes all of this complexity, simplifying commerce. Using its&nbsp;software-as-a-service (SaaS) platform, anyone can easily build an online storefront and manage a business across physical and digital locations.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ff4a35f99c16648b52d7b3f448eb34e1\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Shopify.</span></p>\n<p>Not surprisingly, Shopify's business has grown at an incredible pace as e-commerce has gained traction around the world. In 2016 the company had 377,500&nbsp;customers, but that figure double by 2018&nbsp;and doubled again by 2020, reaching 1.7 million.</p>\n<p>At the same time, Shopify has seen strong adoption of its payment processing and shipping services. In 2016 Shopify Payments handled 39% of gross merchandise volume&nbsp;(GMV), but that figure hit 45% in 2020. Likewise, less than 40% of U.S. and Canadian merchants&nbsp;used Shopify Shipping in 2018, but that figure hit 52% in 2020.</p>\n<p>Here's the takeaway: Shopify's quickly growing customer base has powered soaring subscription sales, but increasing adoption of Shopify Payments and Shopify Shipping has driven even faster sales growth in merchant solutions.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Shopify Revenue</p></th>\n   <th><p>2016</p></th>\n   <th><p>2020</p></th>\n   <th><p>CAGR</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"156\"><p>Subscription</p></td>\n   <td width=\"156\"><p>$188.6 million</p></td>\n   <td width=\"156\"><p>$908.8 million</p></td>\n   <td width=\"156\"><p>48%</p></td>\n  </tr>\n  <tr>\n   <td width=\"156\"><p>Merchant Solutions</p></td>\n   <td width=\"156\"><p>$200.7 million</p></td>\n   <td width=\"156\"><p>$2.0 billion</p></td>\n   <td width=\"156\"><p>78%</p></td>\n  </tr>\n  <tr>\n   <td width=\"156\"><p>Total</p></td>\n   <td width=\"156\"><p>$389.3 million</p></td>\n   <td width=\"156\"><p>$2.9 billion</p></td>\n   <td width=\"156\"><p>66%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Shopify&nbsp;SEC filings. CAGR = compound annual growth rate.</p>\n<p>In Q1 2021, Shopify's business continued to gain speed. Subscription sales growth accelerated to 71% and merchant solutions sales growth accelerated to 137%. In total, Q1 revenue came in at $989 million -- more than double its full-year revenue in 2016.</p>\n<p>This supercharged financial performance can't last forever, but even as growth slows, I believe Shopify will be an important player in the e-commerce industry for decades to come. That's why this tech stock looks like a buy.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stock Crash -- Buy These 2 Growth Stocks on the Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Stock Crash -- Buy These 2 Growth Stocks on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/tech-stock-crash-buy-these-2-growth-stocks-on-dip/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you're a tech investor, you've probably seen some red in your portfolio recently. Fears over inflation have sparked a sell-off, dragging many growth stocks down in the process. Of course, it's ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/tech-stock-crash-buy-these-2-growth-stocks-on-dip/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc","NET":"Cloudflare, Inc."},"source_url":"https://www.fool.com/investing/2021/05/21/tech-stock-crash-buy-these-2-growth-stocks-on-dip/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137990425","content_text":"If you're a tech investor, you've probably seen some red in your portfolio recently. Fears over inflation have sparked a sell-off, dragging many growth stocks down in the process. Of course, it's natural to panic, but that's not very productive.\nInstead, think of this as a buying opportunity. For instance, Cloudflare (NYSE:NET) and Shopify (NYSE:SHOP) have each fallen over 20% from their 52-week highs, but both look like good long-term investments. Here's why you should consider buying these two growth stocks on the dip.\n1. Cloudflare: Cloud computing\nCloudflare is a cloud services provider that makes the internet faster, more reliable, and more secure. Its global network spans 200 cities, and supports nearly 17% of the internet as of April 2021, according to W3Techs. Those are incredible statistics, but they mean more in context. So let's look at a recent product launch.\nImage source: Getty Images.\nTraditionally, corporations have taken a castle-and-moat approach to networks: All resources were stored on-site, all employees worked in the office, and all incoming and outgoing connections were filtered through central hardware (e.g. firewall boxes, internet gateways). But this model is no longer efficient or effective, since more employees are working remotely and more enterprises rely on cloud computing.\nIn 2020, Cloudflare launched Cloudflare for Teams to solve this problem. This product is built around Cloudflare Access and Cloudflare Gateway, enabling employees to securely access corporate resources and the open internet whether they are in the office or working remotely.\nMoreover, Cloudflare's global network offers performance at a scale that would be impossible for most enterprises to achieve on their own. It also eliminates the need for costly on-site hardware. Put another way, Cloudflare for Teams is faster and cheaper than legacy network security solutions.\nBeyond this example, Cloudflare offers a range of other products -- everything from serverless computing to streaming video platforms -- all of which are designed to enhance performance and security.\nIn total, management believes the company's market opportunity will grow at 9% per year, rising from $72 billion in 2020 to $100 billion by 2024. But Cloudflare's revenue is growing much faster, meaning the company is gaining market share.\n\n\n\nMetric\n2017\nQ1 2021 (TTM)\nCAGR\n\n\n\n\nCustomers\n49,309\n119,206\n31%\n\n\nRevenue\n$135 million\n$478 million\n48%\n\n\n\nData source: Cloudflare SEC filings. TTM = trailing-12-months. CAGR = compound annual growth rate.\nGoing forward, investors should pay attention to Cloudflare's ability to maintain its momentum. The company faces competition from legacy providers like Akamai and public cloud titans like Amazon Web Services. However, Cloudflare is currently growing more quickly than both. That's why this growth stock is a buy for long-term investors.\n2. Shopify: E-commerce\nCreating an e-commerce website is complicated, especially if you're not a software developer. And managing a business is even more complicated since you need a way to process payments, manage inventory, fulfill and ship orders, and run ad campaigns.\nShopify removes all of this complexity, simplifying commerce. Using its software-as-a-service (SaaS) platform, anyone can easily build an online storefront and manage a business across physical and digital locations.\nImage source: Shopify.\nNot surprisingly, Shopify's business has grown at an incredible pace as e-commerce has gained traction around the world. In 2016 the company had 377,500 customers, but that figure double by 2018 and doubled again by 2020, reaching 1.7 million.\nAt the same time, Shopify has seen strong adoption of its payment processing and shipping services. In 2016 Shopify Payments handled 39% of gross merchandise volume (GMV), but that figure hit 45% in 2020. Likewise, less than 40% of U.S. and Canadian merchants used Shopify Shipping in 2018, but that figure hit 52% in 2020.\nHere's the takeaway: Shopify's quickly growing customer base has powered soaring subscription sales, but increasing adoption of Shopify Payments and Shopify Shipping has driven even faster sales growth in merchant solutions.\n\n\n\nShopify Revenue\n2016\n2020\nCAGR\n\n\n\n\nSubscription\n$188.6 million\n$908.8 million\n48%\n\n\nMerchant Solutions\n$200.7 million\n$2.0 billion\n78%\n\n\nTotal\n$389.3 million\n$2.9 billion\n66%\n\n\n\nData source: Shopify SEC filings. CAGR = compound annual growth rate.\nIn Q1 2021, Shopify's business continued to gain speed. Subscription sales growth accelerated to 71% and merchant solutions sales growth accelerated to 137%. In total, Q1 revenue came in at $989 million -- more than double its full-year revenue in 2016.\nThis supercharged financial performance can't last forever, but even as growth slows, I believe Shopify will be an important player in the e-commerce industry for decades to come. That's why this tech stock looks like a buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195445385,"gmtCreate":1621311506447,"gmtModify":1704355595839,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/195445385","repostId":"1124011196","repostType":4,"repost":{"id":"1124011196","kind":"news","pubTimestamp":1621309918,"share":"https://ttm.financial/m/news/1124011196?lang=&edition=fundamental","pubTime":"2021-05-18 11:51","market":"us","language":"en","title":"Musk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America","url":"https://stock-news.laohu8.com/highlight/detail?id=1124011196","media":"cnn","summary":"New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, bi","content":"<p>New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley Druckenmiler were endorsing it as an investment.</p>\n<p>But now that Tesla CEO Elon Musk is signaling that he's suddenly wary of the cryptocurrency, what will that mean for the rest of Corporate America?</p>\n<p>The surprisingly negative comments from Musk about the massive amount of energy required to mine bitcoin (XBT) come after Tesla (TSLA) bought $1.5 billion of the cryptocurrency for its corporate balance sheet — and also after Musk has been busy hyping the value of the meme-driven crypto dogecoin.</p>\n<p>The price of bitcoin, dogecoin and other top cryptos ethereum, binance and litecoin, have been in freefall for the past week or so. Musk first tanked the market when he went on \"Saturday Night Live\" on May 8 and joked about cryptos, even calling dogecoin a \"hustle.\"</p>\n<p>But Musk's recent declaration that Tesla would no longer accept bitcoin as payment for its cars due to the crypto's massive carbon footprint, as well as a series of confusing and somewhat contradictory tweets about the company's bitcoin holdings, has the investment world up in arms.</p>\n<p>Bitcoin still has many fans</p>\n<p>The comments come just as several prominent companies have started to embrace bitcoin. Square (SQ) and Venmo owner PayPal (PYPL) are working to streamline bitcoin payments on their networks. Big Data firm Palantir, Visa (V) and Starbucks (SBUX) are among the more well-known firms that have touted bitcoin lately as well.</p>\n<p>Palantir chief financial officer David Glazer said on an earnings call earlier this month that the company has discussed the possibility of adding bitcoin to its balance sheet and was \"open for business'\" with regards to accepting the crypto as payment from customers.</p>\n<p>\"We still see other companies coming in and investing in bitcoin because they view it as a store of value, a digital gold,\" said Stephen Kelso, head of markets at ITI Capital, in an interview with CNN Business.</p>\n<p>Kelso said bitcoin is still viewed by investors and corporations as a way to hedge against inflation.</p>\n<p>Along those lines, software firm MicroStrategy (MSTR), which like Tesla holds bitcoin on its balance sheet, has bought even more of the cryptocurrency in recent days. But MicroStrategy's stock fell 7% on Monday and has plunged nearly 20% in the past week as bitcoin prices have tumbled.</p>\n<p>Still too volatile for many in Corporate America?</p>\n<p>Bitcoin's breakneck volatility continues to be a major concern. It may be one thing for a company to keep a small amount of crypto on its balance sheet as a sexier alternative to cash and Treasury bonds in hopes of better returns.</p>\n<p>But can mainstream firms — particularly those with big consumer businesses — really risk allowing customers to buy and sell goods with a currency that is so volatile? Probably not.</p>\n<p>\"For cryptocurrencies to become widespread and embedded, some stability is necessary,\" said Danyaal Rashid, thematic analyst at GlobalData, in a report Monday.</p>\n<p>\"This is certainly the case if people expect to make payments with crypto. If we anticipate week-on-week price swings of up to 20%, payments become infeasible,\" Rashid added.</p>\n<p>So it's no wonder that Colgate-Palmoliv (CL)CEO Noel Wallace simply said, \"No, we don't,\" when asked at the recent annual shareholder meeting if the company has a plan for using bitcoin for any business transactions.</p>\n<p>And Tesla rival Volkswagen (VLKAF)isn't bullish on bitcoin either. VW chief financial officer Arno Antlitz said on the automaker's latest earnings call that \"we have currently no plans to use cryptocurrencies or invest in cryptocurrencies.\"</p>\n<p>Even so, there is legitimate interest in cryptos on the part of investors. And a lot of that — for better or for worse — may be due to Musk.</p>\n<p>\"It's a strange phenomenon when your risk committee has to seriously discuss SNL. But I think it helps bring more investors into the fray,\" said Michael Kamerman, CEO of Skilling, a retail brokerage firm that focuses on cryptocurrencies.</p>\n<p>Kamerman said he thinks that there will be an eventual shakeout in the cryptocurrency market. There are simply too many of them right now.</p>\n<p>Just as Amazon (AMZN) shares plunged when the dot.com bubble burst more than twenty years ago before eventually rebounding, the same may happen with bitcoin and other leading cryptos.</p>\n<p>\"The dust has to settle, but we're on to something with cryptos that is similar to the late 1990s and e-commerce,\" Kamerman said.</p>\n<p>Other experts say that investors have to get used to the volatility. The crypto world moves a lot more quickly than stocks, bonds and traditional currencies.</p>\n<p>But this too shall pass as the industry starts to mature.</p>\n<p>\"A lot of bitcoin investors still take their cues from Musk. It will be awhile before we're completely insulated from that,\" said Ben Weiss, CEO of CoinFlip, a crypto ATM company. \"But bitcoin is stronger than one company and one person.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMusk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/17/investing/tesla-bitcoin-musk-cryptocurrencies/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/17/investing/tesla-bitcoin-musk-cryptocurrencies/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/05/17/investing/tesla-bitcoin-musk-cryptocurrencies/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124011196","content_text":"New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley Druckenmiler were endorsing it as an investment.\nBut now that Tesla CEO Elon Musk is signaling that he's suddenly wary of the cryptocurrency, what will that mean for the rest of Corporate America?\nThe surprisingly negative comments from Musk about the massive amount of energy required to mine bitcoin (XBT) come after Tesla (TSLA) bought $1.5 billion of the cryptocurrency for its corporate balance sheet — and also after Musk has been busy hyping the value of the meme-driven crypto dogecoin.\nThe price of bitcoin, dogecoin and other top cryptos ethereum, binance and litecoin, have been in freefall for the past week or so. Musk first tanked the market when he went on \"Saturday Night Live\" on May 8 and joked about cryptos, even calling dogecoin a \"hustle.\"\nBut Musk's recent declaration that Tesla would no longer accept bitcoin as payment for its cars due to the crypto's massive carbon footprint, as well as a series of confusing and somewhat contradictory tweets about the company's bitcoin holdings, has the investment world up in arms.\nBitcoin still has many fans\nThe comments come just as several prominent companies have started to embrace bitcoin. Square (SQ) and Venmo owner PayPal (PYPL) are working to streamline bitcoin payments on their networks. Big Data firm Palantir, Visa (V) and Starbucks (SBUX) are among the more well-known firms that have touted bitcoin lately as well.\nPalantir chief financial officer David Glazer said on an earnings call earlier this month that the company has discussed the possibility of adding bitcoin to its balance sheet and was \"open for business'\" with regards to accepting the crypto as payment from customers.\n\"We still see other companies coming in and investing in bitcoin because they view it as a store of value, a digital gold,\" said Stephen Kelso, head of markets at ITI Capital, in an interview with CNN Business.\nKelso said bitcoin is still viewed by investors and corporations as a way to hedge against inflation.\nAlong those lines, software firm MicroStrategy (MSTR), which like Tesla holds bitcoin on its balance sheet, has bought even more of the cryptocurrency in recent days. But MicroStrategy's stock fell 7% on Monday and has plunged nearly 20% in the past week as bitcoin prices have tumbled.\nStill too volatile for many in Corporate America?\nBitcoin's breakneck volatility continues to be a major concern. It may be one thing for a company to keep a small amount of crypto on its balance sheet as a sexier alternative to cash and Treasury bonds in hopes of better returns.\nBut can mainstream firms — particularly those with big consumer businesses — really risk allowing customers to buy and sell goods with a currency that is so volatile? Probably not.\n\"For cryptocurrencies to become widespread and embedded, some stability is necessary,\" said Danyaal Rashid, thematic analyst at GlobalData, in a report Monday.\n\"This is certainly the case if people expect to make payments with crypto. If we anticipate week-on-week price swings of up to 20%, payments become infeasible,\" Rashid added.\nSo it's no wonder that Colgate-Palmoliv (CL)CEO Noel Wallace simply said, \"No, we don't,\" when asked at the recent annual shareholder meeting if the company has a plan for using bitcoin for any business transactions.\nAnd Tesla rival Volkswagen (VLKAF)isn't bullish on bitcoin either. VW chief financial officer Arno Antlitz said on the automaker's latest earnings call that \"we have currently no plans to use cryptocurrencies or invest in cryptocurrencies.\"\nEven so, there is legitimate interest in cryptos on the part of investors. And a lot of that — for better or for worse — may be due to Musk.\n\"It's a strange phenomenon when your risk committee has to seriously discuss SNL. But I think it helps bring more investors into the fray,\" said Michael Kamerman, CEO of Skilling, a retail brokerage firm that focuses on cryptocurrencies.\nKamerman said he thinks that there will be an eventual shakeout in the cryptocurrency market. There are simply too many of them right now.\nJust as Amazon (AMZN) shares plunged when the dot.com bubble burst more than twenty years ago before eventually rebounding, the same may happen with bitcoin and other leading cryptos.\n\"The dust has to settle, but we're on to something with cryptos that is similar to the late 1990s and e-commerce,\" Kamerman said.\nOther experts say that investors have to get used to the volatility. The crypto world moves a lot more quickly than stocks, bonds and traditional currencies.\nBut this too shall pass as the industry starts to mature.\n\"A lot of bitcoin investors still take their cues from Musk. It will be awhile before we're completely insulated from that,\" said Ben Weiss, CEO of CoinFlip, a crypto ATM company. \"But bitcoin is stronger than one company and one person.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834974680,"gmtCreate":1629769491840,"gmtModify":1676530125159,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>niceee","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>niceee","text":"$Apple(AAPL)$niceee","images":[{"img":"https://static.tigerbbs.com/db3badfe0987711be8d1ac5113d6ea4e","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/834974680","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831953234,"gmtCreate":1629282086428,"gmtModify":1676529990001,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"too late to buy in?","listText":"too late to buy in?","text":"too late to buy in?","images":[{"img":"https://static.tigerbbs.com/36da300c3719a144e30dc3afc1505e2c","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831953234","isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":110272763,"gmtCreate":1622465516252,"gmtModify":1704184783361,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580190462625568","authorIdStr":"3580190462625568"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/110272763","repostId":"1117895410","repostType":4,"repost":{"id":"1117895410","kind":"news","pubTimestamp":1622462233,"share":"https://ttm.financial/m/news/1117895410?lang=&edition=fundamental","pubTime":"2021-05-31 19:57","market":"us","language":"en","title":"AMC: Investors Should Sit Out This Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1117895410","media":"seekingalpha","summary":"Summary\n\nAMC Entertainment Holdings has been on a wild ride once again recently as speculators pump ","content":"<p><b>Summary</b></p>\n<ul>\n <li>AMC Entertainment Holdings has been on a wild ride once again recently as speculators pump up the stock and let it crash back down.</li>\n <li>While the company was priced too low at one point, it is frankly priced at outrageous levels today.</li>\n <li>Quite frankly it would need to see a 'best-case' scenario arise to justify the kind of valuation it's trading for today.</li>\n <li>The longer a recovery takes, the less likely this scenario will be to play out.</li>\n <li>Investors should be very cautious if they decide to buy into this firm.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc7738a18d02947eefd20e0d17e935df\" tg-width=\"1536\" tg-height=\"1026\"><span>Photo by Massimo Giachetti/iStock Editorial via Getty Images</span></p>\n<p><b>AMC Entertainment Holdings</b>&nbsp;(AMC) is undeniably one of the most fascinating companies on the market today. Amidst what some might refer to as a main street revolt against Wall Street, the movie theater operator finds itself second only to video game retailer&nbsp;<b>GameStop</b>&nbsp;(GME) as ground zero in the conflict. Speculators have sent the shares soaring and tumbling on and off throughout this year even after the company posted a solid return in 2020. While some may say that the company has upside potential from here, that scenario looks highly improbable. Sure, in the short run, the business might see its share price surge higher. But long-term investors watching the action would be well advised to either stay away, or bet against its nonsensical drive higher. Only one scenario could make the company worth more than it is today, but to bet on that outcome is itself speculative in nature.</p>\n<p><b>Recent activity has been fascinating</b></p>\n<p>Over the past few weeks, volatility at AMC has picked up again. At the end of April, for instance, shares of the movie theater operator were trading at $10.03 per share. At the close of May 24th, they had risen to close at $13.68. But in just a few days, they nearly tripled from there, briefly touching $36.72 before finally closing at $26.12. This kind of volatility is reminiscent of what the company went through earlier this year. At the end of 2020, shares of the enterprise closed at $2.12 apiece. They then skyrocketed to as high as $20.36 on January 27th.</p>\n<p>Surely, investors who bought in early benefited tremendously. And justifiably so. Shares probably never were appropriately valued around $2 apiece and a high amount of short interest just begging for a squeeze to push units higher. Now, however, the shoe is on the other foot. While management has created some additional value by issuing shares at the market, they have not created enough to make AMC worth even remotely close to what it is trading for today unless we assume a return to normalcy. And even then, units would likely be trading at or near the high end of what can realistically be expected.</p>\n<p><b>Performance has been awful</b></p>\n<p>Over time, a company's share price should come to reflect the value that it creates for its investors. At present, the implied value for a company like AMC is fairly low. Consider, as an example, its&nbsp;recent financial performance. After reporting revenue of $5.47 billion in 2019, this figure dropped to just $1.24 billion in 2020. On the bottom line, the company went from reporting a net loss of $149.1 million to a loss of $4.59 billion. Operating cash flow certainly performed better, but even it suffered tremendously. From 2019 to 2020, this metric declined from a positive $579 million to a negative $1.13 billion. And EBITDA dropped from $771.4 million to -$999.2 million.</p>\n<p>Financial performance at AMC has not always been this bad. Each year&nbsp;since at least 2016, the company has reported growing revenue. Back in that year, as an example, revenue at the firm was just $3.24 billion. This translates to solid upside, driven in part by acquisition activities the company engaged in. On the other hand, though, the company's bottom line has never been particularly great. The company went from generating a profit of $111.7 million in 2016, to losing $487.2 million in 2017. This popped up into positive territory to the tune of $110.1 million in 2018 before seeing a loss again in 2019 and 2020. Operating cash flow, fortunately, has been more consistent. This metric has risen almost every year, timing from $431.7 million in 2016 to $579 million last year.</p>\n<p>Given the surge in price that AMC has experienced, investors might think that some fundamental change took place at the business to warrant this upside. However, that was not the case. The most&nbsp;recent development&nbsp;was the announcement by the company that it had issued 43 million shares, bringing in gross proceeds a $428 million. Based on my estimates, this would imply net proceeds of around $417.4 million. While this alone is great, this implies a weighted average share price of less than $10. And, even with it, and if we assume that debt has remained unchanged since the end of the company's first quarter this year, net debt would still be $3.85 billion.</p>\n<p>The picture might be more attractive if management had some good news to report operationally, but that too has not been the case. Revenue in the first quarter last year came in at $941.5 million. By this year, it had declined 84.2% to $148.3 million. The company's net loss did improve, but its operating cash flow went from -$184 million to -$312.9 million. Though this data is from March, some sources suggest that the movie theater space is recovering at a very slow rate.</p>\n<p><b>Priced for the best case scenario possible</b></p>\n<p>One fact that I think most everyone can agree on is that if business does not improve eventually, AMC will not survive. So instead of analyzing the company from how bad the situation is today, an alternative approach is to analyze what investors should consider the best scenario. Realistically, this would imply a return to the kind of performance the company generated in 2019. Even in that scenario, however, shares do look to be quite pricey. Based on my calculations, the company would be trading at a price to operating cash flow multiple of 22.3. And its EV to EBITDA multiple would stand at about 21.7. If this were a business with low net leverage, that was growing at a rapid pace, and that had attractive margins, this high of a multiple very likely could be realistic. But as I have demonstrated already, AMC was never a stellar operator. This, then, really does point to what could probably be considered a high price point for the company.</p>\n<p>There is, of course, one way where AMC might fare well. And that would be if management were to issue significantly more stock at current high prices. As an example, issuing another 43 million shares at the price units are at today would get the business another $1.12 billion in cash before factoring in offering costs. In theory, AMC could pull itself out of this mess and become a respectable prospect by doing something like this. But it is unclear how the market will respond to subsequent share offerings and it is unclear whether management has the interest in doing this. At the end of the day, banking on this particular strategy truly is the same is rolling the dice.</p>\n<p><b>Takeaway</b></p>\n<p>Based on the data provided, it’s clear that AMC’s future is not looking bright. More likely than not, the company will survive the current crisis. However, a true recovery is certainly many months away, possibly longer. In that timeframe, the firm will continue to burn through cash in order to keep its operations going. This, in turn, will only increase the multiple the companies trading at and to make it even more unappealing. If management were to issue significantly more stock at current prices, this could create a self-fulfilling prophecy whereby the business could come to be a reasonable prospect, but even that assumes a complete recovery and that is something that the jury is still out on. It is never a good idea to base your investment decision on a best-case scenario, so because of that, investors would be wise to steer clear for now.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC: Investors Should Sit Out This Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC: Investors Should Sit Out This Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 19:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432219-amc-investors-should-sit-out-this-show><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAMC Entertainment Holdings has been on a wild ride once again recently as speculators pump up the stock and let it crash back down.\nWhile the company was priced too low at one point, it is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432219-amc-investors-should-sit-out-this-show\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4432219-amc-investors-should-sit-out-this-show","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117895410","content_text":"Summary\n\nAMC Entertainment Holdings has been on a wild ride once again recently as speculators pump up the stock and let it crash back down.\nWhile the company was priced too low at one point, it is frankly priced at outrageous levels today.\nQuite frankly it would need to see a 'best-case' scenario arise to justify the kind of valuation it's trading for today.\nThe longer a recovery takes, the less likely this scenario will be to play out.\nInvestors should be very cautious if they decide to buy into this firm.\n\nPhoto by Massimo Giachetti/iStock Editorial via Getty Images\nAMC Entertainment Holdings (AMC) is undeniably one of the most fascinating companies on the market today. Amidst what some might refer to as a main street revolt against Wall Street, the movie theater operator finds itself second only to video game retailer GameStop (GME) as ground zero in the conflict. Speculators have sent the shares soaring and tumbling on and off throughout this year even after the company posted a solid return in 2020. While some may say that the company has upside potential from here, that scenario looks highly improbable. Sure, in the short run, the business might see its share price surge higher. But long-term investors watching the action would be well advised to either stay away, or bet against its nonsensical drive higher. Only one scenario could make the company worth more than it is today, but to bet on that outcome is itself speculative in nature.\nRecent activity has been fascinating\nOver the past few weeks, volatility at AMC has picked up again. At the end of April, for instance, shares of the movie theater operator were trading at $10.03 per share. At the close of May 24th, they had risen to close at $13.68. But in just a few days, they nearly tripled from there, briefly touching $36.72 before finally closing at $26.12. This kind of volatility is reminiscent of what the company went through earlier this year. At the end of 2020, shares of the enterprise closed at $2.12 apiece. They then skyrocketed to as high as $20.36 on January 27th.\nSurely, investors who bought in early benefited tremendously. And justifiably so. Shares probably never were appropriately valued around $2 apiece and a high amount of short interest just begging for a squeeze to push units higher. Now, however, the shoe is on the other foot. While management has created some additional value by issuing shares at the market, they have not created enough to make AMC worth even remotely close to what it is trading for today unless we assume a return to normalcy. And even then, units would likely be trading at or near the high end of what can realistically be expected.\nPerformance has been awful\nOver time, a company's share price should come to reflect the value that it creates for its investors. At present, the implied value for a company like AMC is fairly low. Consider, as an example, its recent financial performance. After reporting revenue of $5.47 billion in 2019, this figure dropped to just $1.24 billion in 2020. On the bottom line, the company went from reporting a net loss of $149.1 million to a loss of $4.59 billion. Operating cash flow certainly performed better, but even it suffered tremendously. From 2019 to 2020, this metric declined from a positive $579 million to a negative $1.13 billion. And EBITDA dropped from $771.4 million to -$999.2 million.\nFinancial performance at AMC has not always been this bad. Each year since at least 2016, the company has reported growing revenue. Back in that year, as an example, revenue at the firm was just $3.24 billion. This translates to solid upside, driven in part by acquisition activities the company engaged in. On the other hand, though, the company's bottom line has never been particularly great. The company went from generating a profit of $111.7 million in 2016, to losing $487.2 million in 2017. This popped up into positive territory to the tune of $110.1 million in 2018 before seeing a loss again in 2019 and 2020. Operating cash flow, fortunately, has been more consistent. This metric has risen almost every year, timing from $431.7 million in 2016 to $579 million last year.\nGiven the surge in price that AMC has experienced, investors might think that some fundamental change took place at the business to warrant this upside. However, that was not the case. The most recent development was the announcement by the company that it had issued 43 million shares, bringing in gross proceeds a $428 million. Based on my estimates, this would imply net proceeds of around $417.4 million. While this alone is great, this implies a weighted average share price of less than $10. And, even with it, and if we assume that debt has remained unchanged since the end of the company's first quarter this year, net debt would still be $3.85 billion.\nThe picture might be more attractive if management had some good news to report operationally, but that too has not been the case. Revenue in the first quarter last year came in at $941.5 million. By this year, it had declined 84.2% to $148.3 million. The company's net loss did improve, but its operating cash flow went from -$184 million to -$312.9 million. Though this data is from March, some sources suggest that the movie theater space is recovering at a very slow rate.\nPriced for the best case scenario possible\nOne fact that I think most everyone can agree on is that if business does not improve eventually, AMC will not survive. So instead of analyzing the company from how bad the situation is today, an alternative approach is to analyze what investors should consider the best scenario. Realistically, this would imply a return to the kind of performance the company generated in 2019. Even in that scenario, however, shares do look to be quite pricey. Based on my calculations, the company would be trading at a price to operating cash flow multiple of 22.3. And its EV to EBITDA multiple would stand at about 21.7. If this were a business with low net leverage, that was growing at a rapid pace, and that had attractive margins, this high of a multiple very likely could be realistic. But as I have demonstrated already, AMC was never a stellar operator. This, then, really does point to what could probably be considered a high price point for the company.\nThere is, of course, one way where AMC might fare well. And that would be if management were to issue significantly more stock at current high prices. As an example, issuing another 43 million shares at the price units are at today would get the business another $1.12 billion in cash before factoring in offering costs. In theory, AMC could pull itself out of this mess and become a respectable prospect by doing something like this. But it is unclear how the market will respond to subsequent share offerings and it is unclear whether management has the interest in doing this. At the end of the day, banking on this particular strategy truly is the same is rolling the dice.\nTakeaway\nBased on the data provided, it’s clear that AMC’s future is not looking bright. More likely than not, the company will survive the current crisis. However, a true recovery is certainly many months away, possibly longer. In that timeframe, the firm will continue to burn through cash in order to keep its operations going. This, in turn, will only increase the multiple the companies trading at and to make it even more unappealing. If management were to issue significantly more stock at current prices, this could create a self-fulfilling prophecy whereby the business could come to be a reasonable prospect, but even that assumes a complete recovery and that is something that the jury is still out on. It is never a good idea to base your investment decision on a best-case scenario, so because of that, investors would be wise to steer clear for now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}