Melrose Posts Heavy Losses as Aerospace and Auto Sales Fall. Why The Stock is Soaring.

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The turnaround specialist Melrose had a tough first half of 2020, posting an operating loss of £581 million as revenue tumbled 26% to £4.36 billion.


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Melrose stock soared on Thursday, despite the engineering business owner suffering heavy losses and scrapping its dividend as it indicated signs of a recovery.

The turnaround specialist, which owns British aerospace and automotive giant GKN following a hostile takeover in 2018, had a tough first half of 2020, posting an operating loss of £581 million as revenue tumbled 26% to £4.36 billion. It was forced to write down £179 million of assets due to Covid-19, including £133 million in aerospace. Adjusted operating profit plunged 90% to £56 million.

However, encouraging signs of a recovery in its Nortek Air Management business and in GKN’s automotive and powder metallurgy units sent the stock 13% higher to 114p.

There were no indications of such

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Is It Wise to Hold on to Lamar Advertising (LAMR) Stock Now?

Lamar Advertising Company LAMR enjoys an impressive national footprint and is one of the foremost provider of logo signs in the United States. The company’s diverse tenant base includes retailers, restaurants, services and health care companies. Apart from this, the company generates a significant part of its revenues from local businesses. This generally leads to less volatility in revenues.

Moreover, the company enjoys considerable market share in the U.S. outdoor advertising business, which is encouraging. The company has made concerted efforts to upgrade its portfolio over the recent years, increasing occupancy in its existing advertising displays. The company ended second-quarter 2020 with 3,610 digital units, denoting an increase of 68 units from the end of 2019.

However, the dent in advertising values due to the coronavirus pandemic is a pressing concern. Outdoor travel has taken a hit and subsequently the demand for the company’s services has also been affected. There

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Pernod Ricard Profit Tumbles as Covid-19 Hits Sales. Here’s Why The Stock Is Rising.

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Pernod, which also owns Jameson whiskey, Martell cognac and Jacob’s Creek wine, said sales fell 9.5% to €8.5 billion in the year ending Jun. 30.


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Pernod Ricard

stock climbed on Wednesday, despite the French spirits maker reporting a profit and sales slump due to the coronavirus pandemic.

The spirits giant said it had taken a €1 billion ($1.19 billion) impairment charge, particularly relating to Absolut Vodka, as the result of the pandemic, which closed bars and restaurants around the world for several months. Full-year net profit fell 77% to €329 million as a result, while profit from recurring operations fell 13.7%, beating analysts’ expectations as cost control measures took effect.

Read:Absolut Vodka Parent Could Lift Investors’ Spirits With Its Revamp

Pernod, which also owns Jameson whiskey, Martell cognac and Jacob’s Creek wine, said sales fell 9.5% to €8.5 billion in the year ending Jun. 30,

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B. Riley Financial Announces Offering of Depositary Shares and Series B Cumulative Perpetual Preferred Stock

LOS ANGELES, Sept. 1, 2020 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”) today announced it has commenced an underwritten registered public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company’s Series B Cumulative Perpetual Preferred Stock, with a liquidation preference equivalent to $25.00 per depositary share, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering solely to cover overallotments.

The Company expects to use the net proceeds of this offering for general corporate purposes, including funding future acquisitions and investments, repaying indebtedness, making capital expenditures and funding working capital.

B. Riley FBR, Incapital, Ladenburg Thalmann and William Blair are acting as book-running managers for this offering. Boenning & Scattergood, Kingswood Capital Markets, Division of Benchmark Investments, Inc. and

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Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $444,000 Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 34.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,059 shares of the specialty retailer’s stock after buying an additional 530 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Alibaba Group were worth $444,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nkcfo LLC purchased a new stake in shares of Alibaba Group in the first quarter worth approximately $29,000. JJJ Advisors Inc. raised its stake in shares of Alibaba Group by 180.0% in the second quarter. JJJ Advisors Inc. now owns 140 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 90 shares during the

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Is it Wise to Hold On to Ally Financial (ALLY) Stock Now?

Ally Financial’s growth in the key component of revenue, namely total financing revenues and other interest income over the years has been impressive. It witnessed a CAGR of 4.1% over the last five years (2015-2019). While the same declined in the first half of 2020; robust origination volumes, growth in retail loans and increase in deposit balances are likely to sustain the momentum.

Moreover, Ally Financial’s strategy to diversify revenue base is expected to be beneficial. The company’s foray into the mortgage business is supporting growth. Additionally,

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General Motors (NYSE:GM) Stock Position Decreased by Mid Atlantic Financial Management Inc. ADV

Mid Atlantic Financial Management Inc. ADV lowered its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 67.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,607 shares of the auto manufacturer’s stock after selling 26,255 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in General Motors were worth $319,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of General Motors by 4.8% during the first quarter. BlackRock Inc. now owns 104,047,751 shares of the auto manufacturer’s stock worth $2,162,112,000 after buying an additional 4,719,148 shares during the last quarter. Capital World Investors boosted its position in General Motors by 6.6% in the first quarter. Capital World Investors now owns 100,416,712 shares of the auto manufacturer’s stock

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ClariVest Asset Management LLC Has $1.49 Million Stock Position in PRA Health Sciences Inc (NASDAQ:PRAH)

ClariVest Asset Management LLC grew its position in PRA Health Sciences Inc (NASDAQ:PRAH) by 8.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,300 shares of the medical research company’s stock after buying an additional 1,200 shares during the period. ClariVest Asset Management LLC’s holdings in PRA Health Sciences were worth $1,488,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PRAH. Fortis Advisors LLC acquired a new position in PRA Health Sciences in the first quarter valued at about $34,000. Financial Management Professionals Inc. bought a new position in shares of PRA Health Sciences in the 2nd quarter valued at $99,000. Fifth Third Bancorp lifted its stake in shares of PRA Health Sciences by 14.5% in the 1st quarter. Fifth Third Bancorp now owns 1,079 shares of the medical

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Mid Atlantic Financial Management Inc. ADV Decreases Stock Holdings in Gabelli Utility Trust (NYSE:GUT)

Mid Atlantic Financial Management Inc. ADV lowered its position in Gabelli Utility Trust (NYSE:GUT) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,700 shares of the investment management company’s stock after selling 4,100 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Gabelli Utility Trust were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GUT. Morgan Stanley grew its holdings in Gabelli Utility Trust by 2.8% during the 1st quarter. Morgan Stanley now owns 794,325 shares of the investment management company’s stock worth $4,647,000 after acquiring an additional 21,474 shares in the last quarter. Raymond James & Associates grew its stake in Gabelli Utility Trust by 59.5% in the 1st quarter. Raymond

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Students learn value of investing in the stock market, lifelong financial literacy skills

For too many adults, investing and the stock market is a mystery.

But not to Cordell Brown and his classmates at St. Catherine-St. Lucy School in Oak Park. They spent several months this past school year tracking stocks in an annual competition that ended with Cordell and the rest of his 8th grader class placing third out of 64 Chicago area teams.

It was a sweet victory for the St. Catherine-St. Lucy team, which halfway through the year ranked in the mid-50s. They came back from Christmas break determined to improve their standing in the Big Shoulders Fund program, which provides support to Catholic schools in Chicago’s neediest neighborhoods.

In a few weeks, another round of 8th graders at Catholic schools across the Chicago area will begin a new competition, now entering its 13th year — and start learning basic concepts about saving and investing, how the stock market

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