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2021-09-10

$Q & M DENTAL GROUP (S) LIMITED(QC7.SI)$yyay!!!!

2021-09-06

Latest..cool stuff

Is the U.S. stock market open on Labor Day?

2021-09-06

Better hit it!!!

Will Support.com’s Hail Mary Hit the Target?

2021-09-03

$Support.com(SPRT)$gg.com

2021-09-03

Up up up up up

Sorry, the original content has been removed

2021-09-03

$Support.com(SPRT)$gg.com....

2021-09-02

They say baby market can never die...

2021-09-01

I think this is a good read

Sunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO

2021-08-31

Gonna be dopeeeee

2021-08-30

$WILMAR INTERNATIONAL LIMITED(F34.SI)$yyayyyyyy

2021-08-27

$WILMAR INTERNATIONAL LIMITED(F34.SI)$join the fun now!!!

2021-08-25

Cool.. sth I wanna buy now

Go to Tiger App to see more news

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M DENTAL GROUP (S) LIMITED(QC7.SI)$</a>yyay!!!!","listText":"<a href=\"https://laohu8.com/S/QC7.SI\">$Q &amp; M DENTAL GROUP (S) LIMITED(QC7.SI)$</a>yyay!!!!","text":"$Q & M DENTAL GROUP (S) LIMITED(QC7.SI)$yyay!!!!","images":[{"img":"https://static.tigerbbs.com/ec8e7eff2c9200985329cf545c708835","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/883567232","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":817341981,"gmtCreate":1630913006143,"gmtModify":1676530418884,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"Latest..cool stuff","listText":"Latest..cool stuff","text":"Latest..cool stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817341981","repostId":"1126654067","repostType":4,"repost":{"id":"1126654067","pubTimestamp":1630885254,"share":"https://ttm.financial/m/news/1126654067?lang=&edition=fundamental","pubTime":"2021-09-06 07:40","market":"us","language":"en","title":"Is the U.S. stock market open on Labor Day?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126654067","media":"MarketWatch","summary":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be cl","content":"<p>It is unofficially summer’s last hurrah for Wall Street investors.</p>\n<p>U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p>\n<p>On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p>\n<p>The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p>\n<p>Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p>\n<p>However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p>\n<p>Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p>\n<p>Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p>\n<p>Probably not.</p>\n<p>But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p>\n<p>It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p>\n<p>Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p>","source":"lsy1603348471595","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>Is the U.S. stock market open on Labor Day?</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; 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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\">\nIs the U.S. stock market open on Labor Day?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has ...</p>\n\n<a href=\"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","ICE":"洲际交易所",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126654067","content_text":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.\nOn Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.\nThe S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.\nSifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.\nHowever, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.\nTrading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.\nIs there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?\nProbably not.\nBut the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.\nDOW JONES MARKET DATA\nThe S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.\nDOW JONES MARKET DATA\nBut if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.\nIt is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.\nMarkets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817040830,"gmtCreate":1630893200420,"gmtModify":1676530413688,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"Better hit it!!!","listText":"Better hit it!!!","text":"Better hit it!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/817040830","repostId":"1114526143","repostType":4,"repost":{"id":"1114526143","pubTimestamp":1630892322,"share":"https://ttm.financial/m/news/1114526143?lang=&edition=fundamental","pubTime":"2021-09-06 09:38","market":"us","language":"en","title":"Will Support.com’s Hail Mary Hit the Target?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114526143","media":"InvestorPlace","summary":"The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger\nSuppor","content":"<p>The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger</p>\n<p><b>Support.com</b>(NASDAQ:<b><u>SPRT</u></b>) holds its special meeting on Sept. 10 to vote on its merger with&nbsp;<b>Greenridge Generation Holdings</b>. The merger’s acceptance requires that&nbsp;more than 50%&nbsp;of owners of SPRT stock vote to approve the deal.</p>\n<p>The two parties announced their merger on March 22. The day before the merger announcement, SPRT closed at $2.14. Now it’s trading at nearly $22.</p>\n<p>How many stocks do you know that have that kind of five-month performance? Very few. According to&nbsp;<i>Finviz.com,</i>out of&nbsp;319 stocks&nbsp;that have doubled or better in 2021, SPRT is second best, trailing only&nbsp;<b>AMC</b>(NYSE:<b><u>AMC</u></b>).</p>\n<p>I’m no fan of the theater chain, but if forced at gunpoint to buy one of the two stocks, AMC wins hands down.</p>\n<p>The idea of bringing together a customer support business desperate for some value-add for its shareholders with a company that’s not sure if it’s an energy company or a&nbsp;<b>Bitcoin</b>(CCC:<b><u>BTC-USD</u></b>) operation is a worthwhile investment seems ludicrous.</p>\n<p>Yet, here we are, days from a vote that asks SPRT shareholders to believe one plus one really does equal three.</p>\n<p>It doesn’t. Here’s why.</p>\n<p><b>SPRT Stock Pre-Merger Announcement</b></p>\n<p>Support.com went public in July 2000. It sold&nbsp;4.25 million shares&nbsp;at $14 apiece. It got its start in December 1997.</p>\n<p>“We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet. Our eSupport software is designed to accelerate eBusiness growth and to increase customer satisfaction and retention,” states page 3 of its IPO prospectus.</p>\n<p>In 1999, it had $3.2 million in revenue and a $13.7 million operating loss. In 2020, it had $43.9 million in revenue and an operating profit of $52,000. Going back over its 10-k’s between 2001 and 2020, Support.com’s best year for sales was 2013 when it generated&nbsp;$88.2 million&nbsp;on the top line and a $10.8 million operating profit. That appears to be its best year for profits, too.</p>\n<p>In 2013, SPRT stock got as high as $17.22, or thereabouts. After that, it hadn’t come close until its massive surge in August.</p>\n<p>This is the first time I’ve covered the stock; I’ll assume most people already know that Greenridge is using the company to go public. It likely has no long-term interest in running a customer support business.</p>\n<p>Think of SPRT as a special-special purpose acquisition company, or SSPAC. It adds little value to the equation.</p>\n<p>So, rather than 1+1=3, investors are likely hoping it’s more like 0.5+1.5=3. But I digress.</p>\n<p><b>An Energy Company or a Bitcoin Miner?</b></p>\n<p>In mid-August,<i>InvestorPlace’s</i>&nbsp;Chris MacDonald discussed what Greenridge and Support.com&nbsp;bring to the table&nbsp;in their merger.</p>\n<p>“Greenridge reported it expects to end the 2021 calendar year with $50 million in EBITDA (earnings before interest, taxes, depreciation and amortization). The company expects this run rate to improve to $160 million by 2022,” MacDonald wrote on Aug. 13.</p>\n<p>“As part of the deal, Support.com will provide $33 million to the combined entity. At closing, it’s expected investors in SPRT stock will have 8% of the merged company.”</p>\n<p>As page 20 and 21 of the March presentation explaining the benefits of the merger points out, Greenridge’s EBITDA is expected to grow from $6 million as of February 2021 to $52 million in 2021, and $109 million in 2022. Those last two estimates are based on a Bitcoin price of $49,000.</p>\n<p>In the latest 12 months ended February 2021, Greenridge had 17 MW (megawatts) capacity that mined 1,186 Bitcoins generating $26 million in revenue.</p>\n<p>On page 7, it points that the 26 MW mining capacity consists of 7,800 Bitcoin miners. That’s 300 miners per MW. Based on 17 MW, that’s 5,100 miners that produced 1,186 Bitcoin, or 0.23 Bitcoin per miner. So based on 85 MW mining capacity in 2022, we’re looking at 25,500 miners. Multiply that by 0.23 Bitcoin, and you get 5,865 Bitcoin produced in 2022.</p>\n<p>So, based on the 2022 estimated run rate, revenue will be $206 million, or $35,124 per bitcoin. Subtract the cost to mine one Bitcoin is $2,869; the profit potential is intriguing.</p>\n<p>Why, then, did it take Greenridge four years to get to $26 million in revenue? Does it have everything to do with the price of Bitcoin? Or is it because it originally intended to run the power plant as an energy company, but the rising price of Bitcoin made it pivot?</p>\n<p>We’ll probably never know the actual true story.</p>\n<p>I can see the appeal for Support.com management and insiders to want this deal to go through. If it gets anywhere near the projections of revenue and EBITDA, the 4% stake (plus the 8% stake for its other shareholders) will be worth considerably more than if it continued operating as an internet customer support service provider.</p>\n<p>It’s an excellent Hail Mary; I don’t know whether it will work or not. You’re on your own on this one.</p>","source":"lsy1606302653667","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 Support.com’s Hail Mary Hit the Target?</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 Support.com’s Hail Mary Hit the Target?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 09:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/will-support-coms-hail-mary-hit-the-sprt-stock-target/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger\nSupport.com(NASDAQ:SPRT) holds its special meeting on Sept. 10 to vote on its merger with Greenridge ...</p>\n\n<a href=\"https://investorplace.com/2021/09/will-support-coms-hail-mary-hit-the-sprt-stock-target/\">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://investorplace.com/2021/09/will-support-coms-hail-mary-hit-the-sprt-stock-target/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114526143","content_text":"The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger\nSupport.com(NASDAQ:SPRT) holds its special meeting on Sept. 10 to vote on its merger with Greenridge Generation Holdings. The merger’s acceptance requires that more than 50% of owners of SPRT stock vote to approve the deal.\nThe two parties announced their merger on March 22. The day before the merger announcement, SPRT closed at $2.14. Now it’s trading at nearly $22.\nHow many stocks do you know that have that kind of five-month performance? Very few. According to Finviz.com,out of 319 stocks that have doubled or better in 2021, SPRT is second best, trailing only AMC(NYSE:AMC).\nI’m no fan of the theater chain, but if forced at gunpoint to buy one of the two stocks, AMC wins hands down.\nThe idea of bringing together a customer support business desperate for some value-add for its shareholders with a company that’s not sure if it’s an energy company or a Bitcoin(CCC:BTC-USD) operation is a worthwhile investment seems ludicrous.\nYet, here we are, days from a vote that asks SPRT shareholders to believe one plus one really does equal three.\nIt doesn’t. Here’s why.\nSPRT Stock Pre-Merger Announcement\nSupport.com went public in July 2000. It sold 4.25 million shares at $14 apiece. It got its start in December 1997.\n“We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet. Our eSupport software is designed to accelerate eBusiness growth and to increase customer satisfaction and retention,” states page 3 of its IPO prospectus.\nIn 1999, it had $3.2 million in revenue and a $13.7 million operating loss. In 2020, it had $43.9 million in revenue and an operating profit of $52,000. Going back over its 10-k’s between 2001 and 2020, Support.com’s best year for sales was 2013 when it generated $88.2 million on the top line and a $10.8 million operating profit. That appears to be its best year for profits, too.\nIn 2013, SPRT stock got as high as $17.22, or thereabouts. After that, it hadn’t come close until its massive surge in August.\nThis is the first time I’ve covered the stock; I’ll assume most people already know that Greenridge is using the company to go public. It likely has no long-term interest in running a customer support business.\nThink of SPRT as a special-special purpose acquisition company, or SSPAC. It adds little value to the equation.\nSo, rather than 1+1=3, investors are likely hoping it’s more like 0.5+1.5=3. But I digress.\nAn Energy Company or a Bitcoin Miner?\nIn mid-August,InvestorPlace’s Chris MacDonald discussed what Greenridge and Support.com bring to the table in their merger.\n“Greenridge reported it expects to end the 2021 calendar year with $50 million in EBITDA (earnings before interest, taxes, depreciation and amortization). The company expects this run rate to improve to $160 million by 2022,” MacDonald wrote on Aug. 13.\n“As part of the deal, Support.com will provide $33 million to the combined entity. At closing, it’s expected investors in SPRT stock will have 8% of the merged company.”\nAs page 20 and 21 of the March presentation explaining the benefits of the merger points out, Greenridge’s EBITDA is expected to grow from $6 million as of February 2021 to $52 million in 2021, and $109 million in 2022. Those last two estimates are based on a Bitcoin price of $49,000.\nIn the latest 12 months ended February 2021, Greenridge had 17 MW (megawatts) capacity that mined 1,186 Bitcoins generating $26 million in revenue.\nOn page 7, it points that the 26 MW mining capacity consists of 7,800 Bitcoin miners. That’s 300 miners per MW. Based on 17 MW, that’s 5,100 miners that produced 1,186 Bitcoin, or 0.23 Bitcoin per miner. So based on 85 MW mining capacity in 2022, we’re looking at 25,500 miners. Multiply that by 0.23 Bitcoin, and you get 5,865 Bitcoin produced in 2022.\nSo, based on the 2022 estimated run rate, revenue will be $206 million, or $35,124 per bitcoin. Subtract the cost to mine one Bitcoin is $2,869; the profit potential is intriguing.\nWhy, then, did it take Greenridge four years to get to $26 million in revenue? Does it have everything to do with the price of Bitcoin? Or is it because it originally intended to run the power plant as an energy company, but the rising price of Bitcoin made it pivot?\nWe’ll probably never know the actual true story.\nI can see the appeal for Support.com management and insiders to want this deal to go through. If it gets anywhere near the projections of revenue and EBITDA, the 4% stake (plus the 8% stake for its other shareholders) will be worth considerably more than if it continued operating as an internet customer support service provider.\nIt’s an excellent Hail Mary; I don’t know whether it will work or not. You’re on your own on this one.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815285695,"gmtCreate":1630680908017,"gmtModify":1676530375740,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>gg.com","listText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>gg.com","text":"$Support.com(SPRT)$gg.com","images":[{"img":"https://static.tigerbbs.com/34f49d3e447f00cc317d074a4beefe0a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815285695","isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":815201484,"gmtCreate":1630678502848,"gmtModify":1676530374593,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"Up up up up up","listText":"Up up up up up","text":"Up up up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815201484","repostId":"1198573200","repostType":2,"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812484431,"gmtCreate":1630605318123,"gmtModify":1676530354837,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>gg.com....","listText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>gg.com....","text":"$Support.com(SPRT)$gg.com....","images":[{"img":"https://static.tigerbbs.com/6ac3e711fbc9d7717325035ba7b5d39d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812484431","isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812878611,"gmtCreate":1630577781033,"gmtModify":1676530345497,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"They say baby market can never die...","listText":"They say baby market can never die...","text":"They say baby market can never die...","images":[{"img":"https://static.tigerbbs.com/d619dbb278948dea04f6999990821316","width":"1080","height":"2081"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812878611","isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816884447,"gmtCreate":1630487423189,"gmtModify":1676530317282,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"I think this is a good read","listText":"I think this is a good read","text":"I think this is a good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816884447","repostId":"1157717150","repostType":4,"repost":{"id":"1157717150","pubTimestamp":1630486423,"share":"https://ttm.financial/m/news/1157717150?lang=&edition=fundamental","pubTime":"2021-09-01 16:53","market":"hk","language":"en","title":"Sunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1157717150","media":"Bloomberg","summary":"Chinese developer Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business","content":"<p>Chinese developer&nbsp;Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with the matter.</p>\n<p>The real estate giant is weighing a first-time share sale for its ice and snow assets to capitalize on the government’s push to boost the nation’s winter sports industry, the people said, asking not to be identified discussing private information. The company may decide to spin off other units in the future, but has prioritized the ice and snow division because it is among the most profitable, one of the people said.</p>\n<p>Sunac’s plans are preliminary and could change, the people said. A representative for Sunac declined to comment.</p>\n<p>A listing may help Sunac raise cash at a time when China has cracked down on borrowings by indebted developers. The curbs have prompted some to sell non-core assets and spin off units to comply with new rules. Although Sunac’s debt woes aren’t as bad as those of&nbsp;China Evergrande Group, it was among 12 companies directed by regulators in 2020 to disclose details on financing on a monthly basis.</p>\n<p>Sunac’s snow business has largely driven the growth of the group’s culture and tourism segment, which also includes malls, water sports venues and some high-end hotels. The unit reported a 166% jump in revenue in the first half of 2021 from a year earlier to about 2.61 billion yuan ($404 million).</p>\n<p>The Beijing-based company owns six ski resorts in Chengdu, Harbin, Guangzhou, Wuxi, Kunming, and Chongqing, two of which are operational now. All of them are indoor venues and are usually connected to other properties such as hotels and entertainment projects. Founded in 2019, Sunac’s Guangzhou “Snow World” saw more than 6,500 visits in a single day this May, a record for indoor ski resorts of the world. The company has more such facilities in the pipeline, according to local media.</p>\n<p>As China prepares to host the Olympic Winter Games in Beijing next year, it expects a boom in ice and snow tourism, according to a report released by the&nbsp;China Tourism Academy. The country is expected to have 340 million ice and snow tourists spending about 680 billion yuan in the 2021-22 winter season, the report said.</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>Sunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO</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\">\nSunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 16:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-01/sunac-is-said-to-mull-spinning-off-ski-resorts-for-hong-kong-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese developer Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-01/sunac-is-said-to-mull-spinning-off-ski-resorts-for-hong-kong-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01918":"融创中国"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-01/sunac-is-said-to-mull-spinning-off-ski-resorts-for-hong-kong-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157717150","content_text":"Chinese developer Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with the matter.\nThe real estate giant is weighing a first-time share sale for its ice and snow assets to capitalize on the government’s push to boost the nation’s winter sports industry, the people said, asking not to be identified discussing private information. The company may decide to spin off other units in the future, but has prioritized the ice and snow division because it is among the most profitable, one of the people said.\nSunac’s plans are preliminary and could change, the people said. A representative for Sunac declined to comment.\nA listing may help Sunac raise cash at a time when China has cracked down on borrowings by indebted developers. The curbs have prompted some to sell non-core assets and spin off units to comply with new rules. Although Sunac’s debt woes aren’t as bad as those of China Evergrande Group, it was among 12 companies directed by regulators in 2020 to disclose details on financing on a monthly basis.\nSunac’s snow business has largely driven the growth of the group’s culture and tourism segment, which also includes malls, water sports venues and some high-end hotels. The unit reported a 166% jump in revenue in the first half of 2021 from a year earlier to about 2.61 billion yuan ($404 million).\nThe Beijing-based company owns six ski resorts in Chengdu, Harbin, Guangzhou, Wuxi, Kunming, and Chongqing, two of which are operational now. All of them are indoor venues and are usually connected to other properties such as hotels and entertainment projects. Founded in 2019, Sunac’s Guangzhou “Snow World” saw more than 6,500 visits in a single day this May, a record for indoor ski resorts of the world. The company has more such facilities in the pipeline, according to local media.\nAs China prepares to host the Olympic Winter Games in Beijing next year, it expects a boom in ice and snow tourism, according to a report released by the China Tourism Academy. The country is expected to have 340 million ice and snow tourists spending about 680 billion yuan in the 2021-22 winter season, the report said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818228797,"gmtCreate":1630415439119,"gmtModify":1676530296825,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"Gonna be dopeeeee","listText":"Gonna be dopeeeee","text":"Gonna be dopeeeee","images":[{"img":"https://static.tigerbbs.com/a3fdfb8c35b3932de6a467e5d07cdad3","width":"1080","height":"3228"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818228797","isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811332519,"gmtCreate":1630288672731,"gmtModify":1676530257801,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>yyayyyyyy","listText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>yyayyyyyy","text":"$WILMAR INTERNATIONAL LIMITED(F34.SI)$yyayyyyyy","images":[{"img":"https://static.tigerbbs.com/a42037e5bf67e5929a3bcd82022a76d8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811332519","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":819127397,"gmtCreate":1630047471719,"gmtModify":1676530209940,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>join the fun now!!!","listText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>join the fun now!!!","text":"$WILMAR INTERNATIONAL LIMITED(F34.SI)$join the fun now!!!","images":[{"img":"https://static.tigerbbs.com/cd75ee7bcb1bd26b42b4d398e098d0ba","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819127397","isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":837811923,"gmtCreate":1629872936162,"gmtModify":1676530158453,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092561748613360","idStr":"4092561748613360"},"themes":[],"htmlText":"Cool.. sth I wanna buy now","listText":"Cool.. sth I wanna buy now","text":"Cool.. sth I wanna buy now","images":[{"img":"https://static.tigerbbs.com/a085a19dd6c30a62cad77085c145d3a0","width":"1080","height":"2290"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837811923","isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":817040830,"gmtCreate":1630893200420,"gmtModify":1676530413688,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"Better hit it!!!","listText":"Better hit it!!!","text":"Better hit it!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/817040830","repostId":"1114526143","repostType":4,"repost":{"id":"1114526143","pubTimestamp":1630892322,"share":"https://ttm.financial/m/news/1114526143?lang=&edition=fundamental","pubTime":"2021-09-06 09:38","market":"us","language":"en","title":"Will Support.com’s Hail Mary Hit the Target?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114526143","media":"InvestorPlace","summary":"The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger\nSuppor","content":"<p>The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger</p>\n<p><b>Support.com</b>(NASDAQ:<b><u>SPRT</u></b>) holds its special meeting on Sept. 10 to vote on its merger with&nbsp;<b>Greenridge Generation Holdings</b>. The merger’s acceptance requires that&nbsp;more than 50%&nbsp;of owners of SPRT stock vote to approve the deal.</p>\n<p>The two parties announced their merger on March 22. The day before the merger announcement, SPRT closed at $2.14. Now it’s trading at nearly $22.</p>\n<p>How many stocks do you know that have that kind of five-month performance? Very few. According to&nbsp;<i>Finviz.com,</i>out of&nbsp;319 stocks&nbsp;that have doubled or better in 2021, SPRT is second best, trailing only&nbsp;<b>AMC</b>(NYSE:<b><u>AMC</u></b>).</p>\n<p>I’m no fan of the theater chain, but if forced at gunpoint to buy one of the two stocks, AMC wins hands down.</p>\n<p>The idea of bringing together a customer support business desperate for some value-add for its shareholders with a company that’s not sure if it’s an energy company or a&nbsp;<b>Bitcoin</b>(CCC:<b><u>BTC-USD</u></b>) operation is a worthwhile investment seems ludicrous.</p>\n<p>Yet, here we are, days from a vote that asks SPRT shareholders to believe one plus one really does equal three.</p>\n<p>It doesn’t. Here’s why.</p>\n<p><b>SPRT Stock Pre-Merger Announcement</b></p>\n<p>Support.com went public in July 2000. It sold&nbsp;4.25 million shares&nbsp;at $14 apiece. It got its start in December 1997.</p>\n<p>“We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet. Our eSupport software is designed to accelerate eBusiness growth and to increase customer satisfaction and retention,” states page 3 of its IPO prospectus.</p>\n<p>In 1999, it had $3.2 million in revenue and a $13.7 million operating loss. In 2020, it had $43.9 million in revenue and an operating profit of $52,000. Going back over its 10-k’s between 2001 and 2020, Support.com’s best year for sales was 2013 when it generated&nbsp;$88.2 million&nbsp;on the top line and a $10.8 million operating profit. That appears to be its best year for profits, too.</p>\n<p>In 2013, SPRT stock got as high as $17.22, or thereabouts. After that, it hadn’t come close until its massive surge in August.</p>\n<p>This is the first time I’ve covered the stock; I’ll assume most people already know that Greenridge is using the company to go public. It likely has no long-term interest in running a customer support business.</p>\n<p>Think of SPRT as a special-special purpose acquisition company, or SSPAC. It adds little value to the equation.</p>\n<p>So, rather than 1+1=3, investors are likely hoping it’s more like 0.5+1.5=3. But I digress.</p>\n<p><b>An Energy Company or a Bitcoin Miner?</b></p>\n<p>In mid-August,<i>InvestorPlace’s</i>&nbsp;Chris MacDonald discussed what Greenridge and Support.com&nbsp;bring to the table&nbsp;in their merger.</p>\n<p>“Greenridge reported it expects to end the 2021 calendar year with $50 million in EBITDA (earnings before interest, taxes, depreciation and amortization). The company expects this run rate to improve to $160 million by 2022,” MacDonald wrote on Aug. 13.</p>\n<p>“As part of the deal, Support.com will provide $33 million to the combined entity. At closing, it’s expected investors in SPRT stock will have 8% of the merged company.”</p>\n<p>As page 20 and 21 of the March presentation explaining the benefits of the merger points out, Greenridge’s EBITDA is expected to grow from $6 million as of February 2021 to $52 million in 2021, and $109 million in 2022. Those last two estimates are based on a Bitcoin price of $49,000.</p>\n<p>In the latest 12 months ended February 2021, Greenridge had 17 MW (megawatts) capacity that mined 1,186 Bitcoins generating $26 million in revenue.</p>\n<p>On page 7, it points that the 26 MW mining capacity consists of 7,800 Bitcoin miners. That’s 300 miners per MW. Based on 17 MW, that’s 5,100 miners that produced 1,186 Bitcoin, or 0.23 Bitcoin per miner. So based on 85 MW mining capacity in 2022, we’re looking at 25,500 miners. Multiply that by 0.23 Bitcoin, and you get 5,865 Bitcoin produced in 2022.</p>\n<p>So, based on the 2022 estimated run rate, revenue will be $206 million, or $35,124 per bitcoin. Subtract the cost to mine one Bitcoin is $2,869; the profit potential is intriguing.</p>\n<p>Why, then, did it take Greenridge four years to get to $26 million in revenue? Does it have everything to do with the price of Bitcoin? Or is it because it originally intended to run the power plant as an energy company, but the rising price of Bitcoin made it pivot?</p>\n<p>We’ll probably never know the actual true story.</p>\n<p>I can see the appeal for Support.com management and insiders to want this deal to go through. If it gets anywhere near the projections of revenue and EBITDA, the 4% stake (plus the 8% stake for its other shareholders) will be worth considerably more than if it continued operating as an internet customer support service provider.</p>\n<p>It’s an excellent Hail Mary; I don’t know whether it will work or not. You’re on your own on this one.</p>","source":"lsy1606302653667","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 Support.com’s Hail Mary Hit the Target?</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 Support.com’s Hail Mary Hit the Target?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 09:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/will-support-coms-hail-mary-hit-the-sprt-stock-target/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger\nSupport.com(NASDAQ:SPRT) holds its special meeting on Sept. 10 to vote on its merger with Greenridge ...</p>\n\n<a href=\"https://investorplace.com/2021/09/will-support-coms-hail-mary-hit-the-sprt-stock-target/\">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://investorplace.com/2021/09/will-support-coms-hail-mary-hit-the-sprt-stock-target/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114526143","content_text":"The floor price of SPRT stock will be tested if shareholders somehow don't vote yes to merger\nSupport.com(NASDAQ:SPRT) holds its special meeting on Sept. 10 to vote on its merger with Greenridge Generation Holdings. The merger’s acceptance requires that more than 50% of owners of SPRT stock vote to approve the deal.\nThe two parties announced their merger on March 22. The day before the merger announcement, SPRT closed at $2.14. Now it’s trading at nearly $22.\nHow many stocks do you know that have that kind of five-month performance? Very few. According to Finviz.com,out of 319 stocks that have doubled or better in 2021, SPRT is second best, trailing only AMC(NYSE:AMC).\nI’m no fan of the theater chain, but if forced at gunpoint to buy one of the two stocks, AMC wins hands down.\nThe idea of bringing together a customer support business desperate for some value-add for its shareholders with a company that’s not sure if it’s an energy company or a Bitcoin(CCC:BTC-USD) operation is a worthwhile investment seems ludicrous.\nYet, here we are, days from a vote that asks SPRT shareholders to believe one plus one really does equal three.\nIt doesn’t. Here’s why.\nSPRT Stock Pre-Merger Announcement\nSupport.com went public in July 2000. It sold 4.25 million shares at $14 apiece. It got its start in December 1997.\n“We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet. Our eSupport software is designed to accelerate eBusiness growth and to increase customer satisfaction and retention,” states page 3 of its IPO prospectus.\nIn 1999, it had $3.2 million in revenue and a $13.7 million operating loss. In 2020, it had $43.9 million in revenue and an operating profit of $52,000. Going back over its 10-k’s between 2001 and 2020, Support.com’s best year for sales was 2013 when it generated $88.2 million on the top line and a $10.8 million operating profit. That appears to be its best year for profits, too.\nIn 2013, SPRT stock got as high as $17.22, or thereabouts. After that, it hadn’t come close until its massive surge in August.\nThis is the first time I’ve covered the stock; I’ll assume most people already know that Greenridge is using the company to go public. It likely has no long-term interest in running a customer support business.\nThink of SPRT as a special-special purpose acquisition company, or SSPAC. It adds little value to the equation.\nSo, rather than 1+1=3, investors are likely hoping it’s more like 0.5+1.5=3. But I digress.\nAn Energy Company or a Bitcoin Miner?\nIn mid-August,InvestorPlace’s Chris MacDonald discussed what Greenridge and Support.com bring to the table in their merger.\n“Greenridge reported it expects to end the 2021 calendar year with $50 million in EBITDA (earnings before interest, taxes, depreciation and amortization). The company expects this run rate to improve to $160 million by 2022,” MacDonald wrote on Aug. 13.\n“As part of the deal, Support.com will provide $33 million to the combined entity. At closing, it’s expected investors in SPRT stock will have 8% of the merged company.”\nAs page 20 and 21 of the March presentation explaining the benefits of the merger points out, Greenridge’s EBITDA is expected to grow from $6 million as of February 2021 to $52 million in 2021, and $109 million in 2022. Those last two estimates are based on a Bitcoin price of $49,000.\nIn the latest 12 months ended February 2021, Greenridge had 17 MW (megawatts) capacity that mined 1,186 Bitcoins generating $26 million in revenue.\nOn page 7, it points that the 26 MW mining capacity consists of 7,800 Bitcoin miners. That’s 300 miners per MW. Based on 17 MW, that’s 5,100 miners that produced 1,186 Bitcoin, or 0.23 Bitcoin per miner. So based on 85 MW mining capacity in 2022, we’re looking at 25,500 miners. Multiply that by 0.23 Bitcoin, and you get 5,865 Bitcoin produced in 2022.\nSo, based on the 2022 estimated run rate, revenue will be $206 million, or $35,124 per bitcoin. Subtract the cost to mine one Bitcoin is $2,869; the profit potential is intriguing.\nWhy, then, did it take Greenridge four years to get to $26 million in revenue? Does it have everything to do with the price of Bitcoin? Or is it because it originally intended to run the power plant as an energy company, but the rising price of Bitcoin made it pivot?\nWe’ll probably never know the actual true story.\nI can see the appeal for Support.com management and insiders to want this deal to go through. If it gets anywhere near the projections of revenue and EBITDA, the 4% stake (plus the 8% stake for its other shareholders) will be worth considerably more than if it continued operating as an internet customer support service provider.\nIt’s an excellent Hail Mary; I don’t know whether it will work or not. You’re on your own on this one.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815201484,"gmtCreate":1630678502848,"gmtModify":1676530374593,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"Up up up up up","listText":"Up up up up up","text":"Up up up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815201484","repostId":"1198573200","repostType":2,"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817341981,"gmtCreate":1630913006143,"gmtModify":1676530418884,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"Latest..cool stuff","listText":"Latest..cool stuff","text":"Latest..cool stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817341981","repostId":"1126654067","repostType":4,"repost":{"id":"1126654067","pubTimestamp":1630885254,"share":"https://ttm.financial/m/news/1126654067?lang=&edition=fundamental","pubTime":"2021-09-06 07:40","market":"us","language":"en","title":"Is the U.S. stock market open on Labor Day?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126654067","media":"MarketWatch","summary":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be cl","content":"<p>It is unofficially summer’s last hurrah for Wall Street investors.</p>\n<p>U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p>\n<p>On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p>\n<p>The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p>\n<p>Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p>\n<p>However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p>\n<p>Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p>\n<p>Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p>\n<p>Probably not.</p>\n<p>But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p>\n<p>It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p>\n<p>Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p>","source":"lsy1603348471595","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>Is the U.S. stock market open on Labor Day?</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\">\nIs the U.S. stock market open on Labor Day?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has ...</p>\n\n<a href=\"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","ICE":"洲际交易所",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126654067","content_text":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.\nOn Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.\nThe S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.\nSifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.\nHowever, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.\nTrading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.\nIs there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?\nProbably not.\nBut the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.\nDOW JONES MARKET DATA\nThe S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.\nDOW JONES MARKET DATA\nBut if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.\nIt is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.\nMarkets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811332519,"gmtCreate":1630288672731,"gmtModify":1676530257801,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>yyayyyyyy","listText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>yyayyyyyy","text":"$WILMAR INTERNATIONAL LIMITED(F34.SI)$yyayyyyyy","images":[{"img":"https://static.tigerbbs.com/a42037e5bf67e5929a3bcd82022a76d8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811332519","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":883567232,"gmtCreate":1631256757026,"gmtModify":1676530510694,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/QC7.SI\">$Q &amp; M DENTAL GROUP (S) LIMITED(QC7.SI)$</a>yyay!!!!","listText":"<a href=\"https://laohu8.com/S/QC7.SI\">$Q &amp; M DENTAL GROUP (S) LIMITED(QC7.SI)$</a>yyay!!!!","text":"$Q & M DENTAL GROUP (S) LIMITED(QC7.SI)$yyay!!!!","images":[{"img":"https://static.tigerbbs.com/ec8e7eff2c9200985329cf545c708835","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/883567232","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":819127397,"gmtCreate":1630047471719,"gmtModify":1676530209940,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>join the fun now!!!","listText":"<a href=\"https://laohu8.com/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$</a>join the fun now!!!","text":"$WILMAR INTERNATIONAL LIMITED(F34.SI)$join the fun now!!!","images":[{"img":"https://static.tigerbbs.com/cd75ee7bcb1bd26b42b4d398e098d0ba","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819127397","isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812484431,"gmtCreate":1630605318123,"gmtModify":1676530354837,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>gg.com....","listText":"<a href=\"https://laohu8.com/S/SPRT\">$Support.com(SPRT)$</a>gg.com....","text":"$Support.com(SPRT)$gg.com....","images":[{"img":"https://static.tigerbbs.com/6ac3e711fbc9d7717325035ba7b5d39d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812484431","isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816884447,"gmtCreate":1630487423189,"gmtModify":1676530317282,"author":{"id":"4092561748613360","authorId":"4092561748613360","name":"kendilicious","avatar":"https://static.tigerbbs.com/faf513880e95fe389a514c0a4a30476d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092561748613360","authorIdStr":"4092561748613360"},"themes":[],"htmlText":"I think this is a good read","listText":"I think this is a good read","text":"I think this is a good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816884447","repostId":"1157717150","repostType":4,"repost":{"id":"1157717150","pubTimestamp":1630486423,"share":"https://ttm.financial/m/news/1157717150?lang=&edition=fundamental","pubTime":"2021-09-01 16:53","market":"hk","language":"en","title":"Sunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1157717150","media":"Bloomberg","summary":"Chinese developer Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business","content":"<p>Chinese developer&nbsp;Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with the matter.</p>\n<p>The real estate giant is weighing a first-time share sale for its ice and snow assets to capitalize on the government’s push to boost the nation’s winter sports industry, the people said, asking not to be identified discussing private information. The company may decide to spin off other units in the future, but has prioritized the ice and snow division because it is among the most profitable, one of the people said.</p>\n<p>Sunac’s plans are preliminary and could change, the people said. A representative for Sunac declined to comment.</p>\n<p>A listing may help Sunac raise cash at a time when China has cracked down on borrowings by indebted developers. The curbs have prompted some to sell non-core assets and spin off units to comply with new rules. Although Sunac’s debt woes aren’t as bad as those of&nbsp;China Evergrande Group, it was among 12 companies directed by regulators in 2020 to disclose details on financing on a monthly basis.</p>\n<p>Sunac’s snow business has largely driven the growth of the group’s culture and tourism segment, which also includes malls, water sports venues and some high-end hotels. The unit reported a 166% jump in revenue in the first half of 2021 from a year earlier to about 2.61 billion yuan ($404 million).</p>\n<p>The Beijing-based company owns six ski resorts in Chengdu, Harbin, Guangzhou, Wuxi, Kunming, and Chongqing, two of which are operational now. All of them are indoor venues and are usually connected to other properties such as hotels and entertainment projects. Founded in 2019, Sunac’s Guangzhou “Snow World” saw more than 6,500 visits in a single day this May, a record for indoor ski resorts of the world. The company has more such facilities in the pipeline, according to local media.</p>\n<p>As China prepares to host the Olympic Winter Games in Beijing next year, it expects a boom in ice and snow tourism, according to a report released by the&nbsp;China Tourism Academy. The country is expected to have 340 million ice and snow tourists spending about 680 billion yuan in the 2021-22 winter season, the report said.</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>Sunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO</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\">\nSunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 16:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-01/sunac-is-said-to-mull-spinning-off-ski-resorts-for-hong-kong-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese developer Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-01/sunac-is-said-to-mull-spinning-off-ski-resorts-for-hong-kong-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01918":"融创中国"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-01/sunac-is-said-to-mull-spinning-off-ski-resorts-for-hong-kong-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157717150","content_text":"Chinese developer Sunac China Holdings Ltd.is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with the matter.\nThe real estate giant is weighing a first-time share sale for its ice and snow assets to capitalize on the government’s push to boost the nation’s winter sports industry, the people said, asking not to be identified discussing private information. The company may decide to spin off other units in the future, but has prioritized the ice and snow division because it is among the most profitable, one of the people said.\nSunac’s plans are preliminary and could change, the people said. A representative for Sunac declined to comment.\nA listing may help Sunac raise cash at a time when China has cracked down on borrowings by indebted developers. The curbs have prompted some to sell non-core assets and spin off units to comply with new rules. Although Sunac’s debt woes aren’t as bad as those of China Evergrande Group, it was among 12 companies directed by regulators in 2020 to disclose details on financing on a monthly basis.\nSunac’s snow business has largely driven the growth of the group’s culture and tourism segment, which also includes malls, water sports venues and some high-end hotels. The unit reported a 166% jump in revenue in the first half of 2021 from a year earlier to about 2.61 billion yuan ($404 million).\nThe Beijing-based company owns six ski resorts in Chengdu, Harbin, Guangzhou, Wuxi, Kunming, and Chongqing, two of which are operational now. All of them are indoor venues and are usually connected to other properties such as hotels and entertainment projects. Founded in 2019, Sunac’s Guangzhou “Snow World” saw more than 6,500 visits in a single day this May, a record for indoor ski resorts of the world. The company has more such facilities in the pipeline, according to local media.\nAs China prepares to host the Olympic Winter Games in Beijing next year, it expects a boom in ice and snow tourism, according to a report released by the China Tourism Academy. 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