Surplus Stock – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ Fri, 07 Jan 2022 09:33:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://coachoutletonlinespick.org/wp-content/uploads/2021/09/coach-oultlet-online-s-pick-icon-150x150.jpg Surplus Stock – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ 32 32 Stocks open lower ahead of jobs https://coachoutletonlinespick.org/stocks-open-lower-ahead-of-jobs/ Fri, 07 Jan 2022 07:12:35 +0000 https://coachoutletonlinespick.org/stocks-open-lower-ahead-of-jobs/ LONDON – European stocks opened lower on Friday as investors waited for key jobs data and continued to digest the more hawkish tone from the US Federal Reserve. The pan-European Stoxx 600 traded down 0.4% at 9am London time shortly after stock exchanges across the continent opened. Chemicals, food and beverages, and telecommunications were among […]]]>

LONDON – European stocks opened lower on Friday as investors waited for key jobs data and continued to digest the more hawkish tone from the US Federal Reserve.

The pan-European Stoxx 600 traded down 0.4% at 9am London time shortly after stock exchanges across the continent opened.

Chemicals, food and beverages, and telecommunications were among the worst performing sectors at the start of trade. Basic resources, on the other hand, have been the main winners.

When it comes to individual stocks, ST Micro was among the top performers, up nearly 3%, after posting higher-than-expected sales in the fourth quarter.

Deutsche Bank also traded higher on Friday after positive statements that the bank is on track to meet its key profit targets, Reuters reported.

In addition, Air France – KLM will have to raise new capital in 2022 between 1 and 2 billion euros (1.13 billion and 2.26 billion dollars), reported Les Echos.

Jobs report

CNBC Pro’s Stock Picks and Investment Trends:

“Supply chain friction keeps German industry in a bind. Only exports send glimmers of hope. However, without production, the recovery in exports will also be short-lived,” said Carsten Brzeski, global manager of the macro at ING, in a note. .

There will also be flash inflation figures for the euro zone in December and new data on consumer confidence.

On the political front, the Minister of Foreign Affairs of the North Atlantic Treaty Organization (NATO) is meeting virtually on Friday to discuss the formation of Russian troops near Ukraine. Their meeting precedes high-level talks between Russia, the United States and NATO next week.

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Blackboxstocks, Inc. Releases Shareholder Update https://coachoutletonlinespick.org/blackboxstocks-inc-releases-shareholder-update/ Wed, 05 Jan 2022 13:00:00 +0000 https://coachoutletonlinespick.org/blackboxstocks-inc-releases-shareholder-update/ DALLAS – (COMMERCIAL THREAD) – Blackboxstocks Inc. (NASDAQ: BLBX) (“Blackbox”), a hybrid financial technology and social media platform offering proprietary real-time analysis for stock and options traders of all skill levels, today released an update for shareholders. Dear shareholders, As we close the books of 2021 and the New Year approaches, I would like to […]]]>

DALLAS – (COMMERCIAL THREAD) – Blackboxstocks Inc. (NASDAQ: BLBX) (“Blackbox”), a hybrid financial technology and social media platform offering proprietary real-time analysis for stock and options traders of all skill levels, today released an update for shareholders.

Dear shareholders,

As we close the books of 2021 and the New Year approaches, I would like to recap some of the milestones Blackbox has taken in 2021 and update you on the initiatives we have in store for 2022. I have always been a firm believer in it. ‘Simplicity sells’ adage and I’m also a fan of brevity whenever possible. So please consider this as a brief but comprehensive recap and update with the aim of keeping our stakeholders informed until we file our Form 10K with the SEC in March.

On November 10, 2021, BLBX was transferred to the NASDAQ Capital Market in an initial public offering of $ 12,000,000 providing Blackbox with significant working capital. It has also enabled our shares to trade on a stock exchange offering exposure to a broad group of investors and increased liquidity for our shareholders. The new surplus working capital is a luxury that management has not had in the past. Since the inception of Blackbox, we have often operated under tight capital constraints which made developing our product and scaling up our customer base extremely difficult. At the same time, we have learned to operate very effectively and efficiently. We are very grateful for the efficient machine that was born out of the lean years at Blackbox.

We had a record year in 2021 !! We achieved record sales in the first three quarters of the year. We have also provided a forecast for full-year revenue for 2021 to be between $ 5.94-5.98 million, 76-78% ahead of 2020. Revenue growth was driven by significant growth in the number of memberships, which reached and exceeded the milestone of 6,000 paying subscribers in December. 2021. While we are very proud of these achievements, it is important that our shareholders understand that we are aiming much higher. We believe we can improve our current growth path and continue to improve the quality and reach of our product.

Currently, we are in the process of completing and implementing several new initiatives that we believe will allow us to significantly increase our subscriber base and revenue. We have built a brand known for its quality user experience and personalized customer service and we believe these new initiatives will allow us to evolve our platform without sacrificing the quality of our brand.

Blackbox is a community platform that harnesses the power of our members in a team environment to create what I often call “the best of man and machine!” We believe that our powerful analyzes are greatly enhanced by our community which interprets them. In 2022, we plan to increase this unique dynamic that has differentiated Blackbox from other trading tools and fintech platforms. Here are three short-term initiatives that we are finalizing and implementing in order to start 2022 with a strong trajectory.

  1. Audio streaming upgrade: We have been working on upgrading and improving our audio streaming capability and corresponding chat functionality. Our goal is to provide additional rooms and channels as our community continues to grow. We released the interim version of this upgrade in December. We expect the full production version of this upgrade to be released by the end of January.

  2. Native mobile apps for iOS and Android: We are in the final stages of internal testing before releasing a beta version of our new native apps. We are confident that we will recreate the robust user experience that we provide to our desktop users with these new applications, including the audio streaming feature which is so popular within our community. We know that offering these apps is imperative for the continued growth of our user base now that so many new marketers are back to work after the pandemic and we are excited about their launch.

  3. Expansion of the development team: The recent capital increase has enabled us to seek out and acquire additional developers. We plan to double the number of developers and engineers on our team in the coming months. We plan to add experts in UI / UX design and business analysis, as well as additional engineers and developers. Increasing the size of our development team will allow us to add new features and products more quickly to better serve our members and generate revenue.

Before closing, I would like to take this opportunity to remind all of our stakeholders that Blackbox is a platform for traders, and we appreciate the momentum created by a two-sided market. As a public company, we are committed to ensuring transparency and communicating effectively with all BLBX participants. As of January 3, 2022, 3,650,274 BLBX shares were on deposit with the Depository Trust Corp. (DTC).

I would like to thank all of our shareholders and supporters. Many of you have been with us since our inception, and some of you may have just bought shares today. Some of you are shareholders as well as members of our platform. We thank you all and are confident that we are just getting started and that 2022 will be another banner year for Blackbox!

Cheers,

Kepler Burst

CEO

Blackboxstocks Inc.

About Blackboxstocks, Inc.

Blackboxstocks, Inc. is a hybrid financial technology and social media platform providing exclusive, real-time news and analysis to stock and options traders of all skill levels. Our web-based software uses artificial intelligence-enhanced “predictive technology” to detect volatility and unusual market activity that can cause the price of a stock or option to change rapidly. Blackbox continuously scans the NASDAQ, the New York Stock Exchange, the CBOE and all other options markets, analyzing more than 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated with our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live screen / audio sharing feature that allows our members to broadcast on their own channels to share business strategies and market information within the Blackbox community. Blackbox is a SaaS company with a growing user base spanning 42 countries; current subscription fees are $ 99.97 per month or $ 959.00 per year. For more information, visit: www.blackboxstocks.com

Safe Harbor Declaration

Our outlook here at Blackboxstocks is subject to uncertainty and risk. This press release contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are based on our current expectations, estimates and projections about our business, and reflect our beliefs and assumptions based on information available to us as of the date of this press release. In some cases, you can identify these statements by words such as “if”, “may”, “could”, “will”, “should”, “expect”, “plan”, “anticipate”, ” believes “,” believes, “” predicted “,” potential “,” continue “and other similar terms. These forward-looking statements include, but are not limited to, proposed plans of operations, descriptions of our strategies, our development plans of products and markets, and other goals, expectations and intentions, the trends we anticipate in our business and the markets in which we operate, and the competitive nature and anticipated growth of these markets. We caution readers that forward-looking statements are predictions based on our current expectations regarding future events.These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements due to a number of factors, including, but not limited to, the risks and uncertainties discussed under the factors risk in our registration statement on Form S-1, as amended (File No. 333-260065) as well as our other documents filed with the SEC. We assume no obligation to revise or update any forward-looking statement for any reason.


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Food banks “will struggle to cope in 2022” as cost of living crisis sets in https://coachoutletonlinespick.org/food-banks-will-struggle-to-cope-in-2022-as-cost-of-living-crisis-sets-in/ Sat, 01 Jan 2022 18:34:47 +0000 https://coachoutletonlinespick.org/food-banks-will-struggle-to-cope-in-2022-as-cost-of-living-crisis-sets-in/ Food banks fear they will be forced to turn away starving families during a “dark” winter as they face growing demand and supply shortages. Charity bosses say they expect the number of people in financial difficulty to rise this year due to rising food and fuel bills, the upcoming national insurance hike and the reduction […]]]>

Food banks fear they will be forced to turn away starving families during a “dark” winter as they face growing demand and supply shortages.

Charity bosses say they expect the number of people in financial difficulty to rise this year due to rising food and fuel bills, the upcoming national insurance hike and the reduction in universal credit in October.

Food bank managers said The independent they may be forced to cut back on parcels – or even turn away starving families – because they are not sure they can meet growing demand with additional supplies.

Dad’s House Food Bank in London’s West Brompton area, which currently helps 425 people or families per week, expects the number to rise to 550 per week in the coming months.

“We usually see the impact of debt after Christmas, but we expect things to be a lot worse because of the rising food and fuel bills,” manager William McGranaghan said. “The first months of next year are going to be very difficult. We will have a hard time keeping up with demand.

Food banks have said individual product donations have plummeted in recent months, while organizations distributing excess food industry stocks have been hampered by supply issues.

Mr McGranaghan said he was not sure Dad’s House could withstand an increase in the number of people entering for long, as the charity only has financial reserves to buy two to three months of food.

“It is a dire situation,” he said. “It will be a gloomy winter ahead. We just don’t know the limits of what food banks can actually do. I’m afraid we have to say to people, “Sorry, we just don’t have any food”. What we would hate to do.

A mid-December survey conducted by the Independent Food Aid Network (IFAN) found that 90 percent of food banks have already experienced an increase in the need for assistance in recent weeks, as inflation and the reduction of 20 £ a week from October for Universal Credit has hit home.

Some 30 percent of independent food banks told IFAN they may not be able to support everyone who asks for help if demand continues to increase.

The cost of living in the UK has risen 5.1% in the past 12 months – the highest rate in 10 years, according to official inflation figures released earlier this month.

In addition to skyrocketing fuel, clothing and food costs, changes to the energy price cap will allow suppliers to increase tariffs from April – the same month, an increase of $ 1. 2% of national insurance will affect low income people.

Tina Harrison, who runs Trinity Foodbank in Bury, said she expected the rising cost of living to put even more people in deep trouble next year. She and her team are currently helping 100 people and families a week, but they expect that number to grow to around 150.

“We have received generous donations that will allow us to make it through Christmas, but the next few months will be very difficult,” she said. “We expect the upward trend in demand to continue over the next year. We predict it will increase by around 50% because the picture looks so hopeless. “

Ms Harrison added: “We will do our best, but I’m afraid we’ll have a hard time helping everyone like we have. We may need to reduce the amount we donate. We will have to look for new ways to try and get more food to meet this demand.

FareShare, a national charity that distributes excess stocks to food banks and other charities across Britain, said the lack of carriers and labor shortages in the food business had affected deliveries to its warehouses.

“The winter season seems like a time of enormous uncertainty for us,” said Lindsay Boswell, Managing Director of FareShare. “We don’t know what the impact of supply chain issues will be, but they could lead to a significant drop in the amount of food we can redistribute to frontline charities. “

The Trussell Trust, the UK’s largest food bank network, delivered an average of 5,100 parcels per day from April to September, an 11% increase from 2019 as needs remained well above pre-pandemic levels.

Chief Executive Officer Emma Revie said The independent that the network expected a significant increase in the number of people seeking emergency help this year.

“It is a concern that there will not be enough food to meet demand,” she said. “But I’m encouraged that people always seem to respond generously, because no one wants to see people go without.”

Ms Revie also urged the government to “re-examine our social protection system,” adding: “If it does not prevent people from accessing food banks, then the government should urgently focus its attention on strengthening the social security system “.

Michael Becketts, director of the Trussell Trust food bank in Colchester, which currently provides enough meals to 1,300 people each month, expects the number to rise to 1,600.

“Economic pressures really seem to be putting more people in a mess,” he said. “We have to prepare for it – I have to plan to feed 20,000 people in 2022. I’m afraid it’s even more than that.”

Sabine Goodwin, coordinator of the IFAN network, said the pressure from food banks to support an ever-increasing number of people unable to feed themselves was immense.

She added: “It is essential that the government increase social security payments so that they match the cost of living as quickly as possible. It is also vital that the rising tide of in-work poverty is tackled through adequate wages and job security.

The Felix Project said it aims to increase our supply to charities across London from over 30 million meals to almost 40 million meals next year “in the face of huge demand”.

Shane Dorsett, Director of Operations at Felix, said: “We need all the help we can get – right now we are asking for volunteers to help us use the huge amounts of good food kindly donated by our supply partners. . “

The government has said recent changes to the graduated rate and work allowance are expected to enable around 1.9 million working families on universal credit to earn an average of £ 1,000 per year. But the Resolution Foundation’s economic think tank said 3.6 million families on universal credit would be worse off due to the end of the £ 20-per-week increase.

A government spokesperson said: “We are providing extensive support to those on the lowest incomes … Our £ 500million household support fund is also helping the most vulnerable with essential costs this winter, and advice received an additional £ 65million to support low-income households with rent arrears.

The independent‘s Help the Hungry, carried out in partnership with the Standard Evening, has helped raise over £ 10million for Britons struggling to access food during the pandemic.


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Graham Holdings has a “mishmash of assets”. Why his action is a buy. https://coachoutletonlinespick.org/graham-holdings-has-a-mishmash-of-assets-why-his-action-is-a-buy/ Fri, 31 Dec 2021 01:03:00 +0000 https://coachoutletonlinespick.org/graham-holdings-has-a-mishmash-of-assets-why-his-action-is-a-buy/ The Graham family has been linked to Warren Buffett for more than four decades. Graham Holdings , the family conglomerate, equates to a small-scale version of Buffett Berkshire Hathaway , with a large group of independent companies and a solid balance sheet. Graham Holdings (ticker: GHC) was known as the Washington Post Co. until it […]]]>

The Graham family has been linked to Warren Buffett for more than four decades.


Graham Holdings
,

the family conglomerate, equates to a small-scale version of Buffett


Berkshire Hathaway
,

with a large group of independent companies and a solid balance sheet.

Graham Holdings (ticker: GHC) was known as the Washington Post Co. until it sold the flagship newspaper to Jeff Bezos for $ 250 million in 2013. Despite his significant legacy, Graham is little followed by Wall Street.

“You are no more low-key than Graham Holdings,” says Craig Huber of Huber Research Partners, one of the few analysts to follow the stock, citing the company’s lack of quarterly conference calls and limited efforts at investor relations.

This is a missed opportunity, as thinly traded stocks, at around $ 590, look cheap compared to the estimated value of the company’s assets. They include valuable local television stations, the Kaplan education company, manufacturing and healthcare operations, several car dealerships and restaurants in the Washington, DC area such as the historic Old Ebbitt Grill, which was the capital’s most profitable restaurant before the pandemic.

“What Graham is trying to do is recreate a little Berkshire Hathaway and leave the leadership teams in place to run the businesses,” Huber said. “Investors are frustrated because they don’t understand how it all fits together. The analyst is overweighted and has a target price of $ 730 on the stock.

Business Total value (Mil) Value per share
Kaplan $ 1,600 323
TV channels 1,500 303
Health care 500 101
Manufacturing 500 101
Other companies 700 141
General business expenses -650 -131
Equities, Net cash, Other assets * 400 81
Pension surplus (adjusted for taxes) 1,100 222
TOTAL $ 5,650 $ 1,141
RECENT PRICE $ 587.52

* Shareholdings adjusted for tax.

Source: Barron estimate

Graham is trading well below its book value of about $ 800 per share. Barron wrote favorably about the company in July 2020, when it traded around $ 360 per share. Shares have risen around 10% this year, but have been unchanged since spring 2017.

On a sum of its parts, Graham could be worth more than $ 1,100 per share according to an analysis we carried out with the help of an institutional holder.

A spin-off of its local television channels would go a long way in unlocking value. With lucrative network affiliates in Houston; Orlando, Florida and Detroit, this business could be worth $ 1.5 billion or more, or about half of the company’s current market value.

And there is a precedent: Graham dumped its cable TV business in 2015 to holders like


Cable A

(CABO), whose stock has more than quadrupled since.

“Graham is trading about half of my conservative estimate of NAV [net asset value], which is about as inexpensive as I can remember during my decade of following the business, ”says Eli Samaha, Managing Partner at Madison Avenue Partners, Holder of Graham. “It’s a surprising discount for such a well-run, shareholder-focused company. I expect earnings per share to be significantly higher in a few years as the losses at Kaplan and other companies dissipate and the number of shares declines through buybacks. “

The stock is trading for a modest 12 times expected earnings. Graham’s profits are expected to increase 33% in 2022, to $ 48.25 a share, thanks to an increase in political advertising on television stations and a decrease in losses in some of Kaplan’s international operations.

The company was run from 1991 to 2015 by CEO Don Graham, whose mother, Katharine Graham, held various executive positions in the post for decades before his death in 2001. The company remains a family business. Current CEO Tim O’Shaughnessy, 40, is the husband of Don Graham’s daughter Laura.

Graham Holdings has an excellent balance sheet, with $ 400 million in cash and net investments, and a heavily over-funded pension plan with a surplus of over $ 2 billion. Given federal rules, it’s not easy to monetize a pension surplus without hefty penalties, but the company continues to explore ways to do it.

The over-capitalized pension plan mirrors Buffett’s advice to Katharine Graham decades ago that the Post should weigh its assets heavily on equities. The bulk of the assets have long been managed by Ruane, Cunniff & Goldfarb and First Manhattan, both of whom have ties to Buffett, 91. First Manhattan founder David “Sandy” Gottesman, 95, sits on the board of directors of Berkshire Hathaway (BRK.A).

Kaplan includes an American test preparation company; Purdue Global Online University, in partnership with Purdue University; and international operations, including English as a Second Language programs.

So why is the stock trading so cheap? Graham doesn’t talk much with Wall Street, and he has little analyst coverage. (His CEO was not available to speak with that of Barron.) The family controls the business through non-public voting action, making a takeover or activist involvement unlikely.

“We believe there is a substantial delta between our stock price and our view of intrinsic value,” CEO O’Shaughnessy said in a presentation for Graham Holdings’ annual investor day in early December. “If this gap persists,” he added, “we will likely continue to be a buyer” of the title.

The company slowed down its share buybacks in 2021, however, buying $ 22 million worth of shares in the first nine months of the year, up from $ 123 million for the corresponding period of 2020. Graham Holdings continues to add to its range of activities, pay $ 323 million for Leaf Group, a consumer Internet company, in June. Recently he bought a Virginia Ford dealership for an undisclosed price.

With stock trading at such a low price, buybacks should arguably be a higher priority than adding companies to an already complex mix. A larger dividend would also help – the current yield is only 1%.

In a November memo, Huber wrote that Graham Holdings is valued at less than four times its annual earnings before interest, taxes, depreciation and amortization, or Ebitda, using an average of 2022 and 2023 Ebitda, about a third of the multiple of Marlet. He uses an average of 2022/2023 because the company’s TV business tends to do better in major election years, like 2022, due to political advertising.

“These various valuation metrics are too attractive to ignore, and we believe the downside risk is minimal,” Huber wrote. Its price target of $ 730 on the stock reflects a 20% conglomerate discount applied to a “mishmash of assets that admittedly don’t make much sense for us to be together.”

In a highly valued market, Graham Holdings is a low-cost, asset-rich company with a potential catalyst in the spin-off of its television business.

Write to Andrew Bary at andrew.bary@barrons.com


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Peak demand for metals, electricity, chemicals and engg https://coachoutletonlinespick.org/peak-demand-for-metals-electricity-chemicals-and-engg/ Wed, 29 Dec 2021 13:38:20 +0000 https://coachoutletonlinespick.org/peak-demand-for-metals-electricity-chemicals-and-engg/ Any prognosis for the future must be based on the heroic assumption that the pandemic is behind us and even with a new wave, lockdowns will not be the answer. Without this assumption, it will be difficult to make a calculated estimate, as deadlocks can set business back significantly. So, what will things look like […]]]>

Any prognosis for the future must be based on the heroic assumption that the pandemic is behind us and even with a new wave, lockdowns will not be the answer. Without this assumption, it will be difficult to make a calculated estimate, as deadlocks can set business back significantly.

So, what will things look like for the banking industry under these assumptions? The past two years have been unique for the financial industry. The emphasis was on maintaining the solvency of the system and the Reserve Bank of India (RBI) as well as the banking system had an important role to play. The central bank has taken the lead with various initiatives such as liquidity support, moratorium, relaxation of regulatory standards, etc. Banks have played their role in ensuring that RBI policies, like the TLTRO, are implemented. In this context, the essential banking functions of deposit taking and lending have taken on a different form. This will all change in 2022.

The first is the action of the RBI. Now, it seems more than likely that the central bank will raise rates. The minutes of the Monetary Policy Committee (MPC) strongly support this thinking. We can expect a 25 to 50 basis point increase in the repo rate with the first hike in April. In addition, the reverse repo rate would tend to fall back into the 25 bps band below the repo rate, the first step being taken in February.

Second, the RBI’s tone would shift from an accommodative to a neutral stance, which would be in line with the rate hikes. It should be mentioned here that the accommodative position should be interpreted as one where there would be no immediate rate hike.

Third, the system will have to be drained of its excess cash and that would be the biggest challenge for the RBI. Right now, the market is taking the plunge by getting nervous about the 3VR or any surprise forward reverse repo auction. Reverse repo auctions, as the RBI Governor often reiterates, are voluntary and only give banks the choice to park their excess funds for a longer period and earn a higher return. It is not like an OMO where funds are taken out of the system when they return to banks after the term expires. Therefore, at some point a decision has to be made to withdraw these excess funds through OMOs or any other innovative instrument depending on the demand for credit. The mirror image here is that GSAP and TLTRO type metrics will remain on the periphery of the framework but could still be used in times of tight liquidity.

Fourth, we expect credit growth to accelerate this year, with all segments showing strong growth. Banks are now comfortable with their portfolio and its stratification as the challenges posed by AQR have been addressed and the willingness to lend quotient has increased. Generally, we can expect higher demand from industries such as metals, energy, chemicals and engineering.

Fifth, while we have again seen the dominance of cash in our daily lives, the digital migration will be significant with all banks working on the same. Talks are underway for a central bank digital currency, which, although an idea today, would come to fruition within the year. It really means that an alternative experience is offered to customers. Beside, we can also see the greater use of AI in credit evaluation which will add a new dimension on the asset side.

Finally, for banks, a thorough review of their balance sheets will be required. Higher rates would mean reshuffle margins. This will also affect the valuation of the investment portfolio and therefore the gains for this purpose would be recalibrated. Growth in deposits is what bankers take for granted, but stock markets, mutual funds and cryptos have provided competition as households weigh options. As a result, the demand for credit would increase and liquidity would tighten.

These are possibilities that will allow bankers to work during the day and think more at night.


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Your Holiday Gift Returns May End Up With This Bethesda Business https://coachoutletonlinespick.org/your-holiday-gift-returns-may-end-up-with-this-bethesda-business/ Mon, 27 Dec 2021 14:48:54 +0000 https://coachoutletonlinespick.org/your-holiday-gift-returns-may-end-up-with-this-bethesda-business/ Liquidity services will play an important role in redirecting gift returns this post-holiday season. A Liquidity Services warehouse where overstocked and returned goods are organized and distributed. (Courtesy liquidity services) Bethesda, Maryland Liquidity services has been helping retail, industrial and government customers capitalize on returned merchandise, overstock and excess inventory for over 20 years. And […]]]>

Liquidity services will play an important role in redirecting gift returns this post-holiday season.

A Liquidity Services warehouse where overstocked and returned goods are organized and distributed. (Courtesy liquidity services)

Bethesda, Maryland Liquidity services has been helping retail, industrial and government customers capitalize on returned merchandise, overstock and excess inventory for over 20 years. And that will be a big part of the reuse of gift returns this season after the holidays.

Liquidity Services, whose online auction sites include GovDeals.com, SurplusBid.com, Bid4Assets.com and Liquidation.com, is large and growing. The company, which has more than 650 employees, including 100 locally, recorded more than $ 244 million in gross cargo volume in fiscal year 2021, a measure of the amount of product moved, up 24 % compared to the previous year. Its short-term goal is $ 1.5 billion in annual gross cargo volume.

This requires a lot of storage space between buying and selling, and Liquidity Services currently has over a million square feet of total warehouse space.

In November, Liquidity Services opened a 100,000 square foot warehouse in Pittston, Pennsylvania, just to keep up with the growth of its retail segment. Retail trade now accounts for 25% of the company’s gross merchandise volume.

At the end of the holidays, the return of gifts will be strongly impacted by the increase in online shopping in the era of the pandemic.

“Last year about 10% of all in-store purchases were returned, so that’s a pretty big volume. What’s interesting is that as e-commerce grows, the returns from e-commerce are even greater. E-commerce returns are at a rate of 15% out of 20% or more, ”according to Jeff Rechtzigel, vice president and general manager of the retail division of Liquidity Services.

And for retailers, resellers like Liquidity Services are usually the best option for returned merchandise.

“More often than not he doesn’t return to the set,” Rechtzigel said. “Usually the box has been opened. The packaging has been damaged in some way. And it’s not perfect.

Returned merchandise is most often redeemed by discounters, online resellers, and even Mom and Pop stores.

It is estimated that $ 114 billion in sales of holiday merchandise will be returned this season, and companies like Liquidity Services and others in so-called reverse logistics are also preventing a party from simply being thrown away.

Returned and surplus goods create an estimated 5 billion pounds of landfill waste each year, according to DC-based reverse logistics company Optoro.

Liquidity Services has also recently expanded to include sales of surplus direct to consumers, All excess sales, sort of eliminates the middleman, selling returned and overstocked items at significant discounts directly to consumers.

These sales are made through an online auction format, although the merchandise itself is only available for pickup at the company’s new 85,000 square foot warehouse in Phoenix, but expanding to others. markets is the plan.

“Most of these items start at $ 5 and then competitive auctions result in a sale,” Rechtzigel said. “Consumers then collect their purchases, often getting offers at 80% or 90% off retail value. “

Even with its rapidly growing retail segment, the majority of liquidity services business falls outside of this segment, and they move an eclectic mix of items.

“We have a vertical industrial sector that sells biopharmaceutical equipment, energy equipment or agricultural machinery,” Rechtzigel said. “We also have a government services company that has some interesting stocks. So we will sell airplanes, helicopters, restored automobiles. We recently sold an island.


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Wirral Community Shop serves Christmas dinner thanks to Tesco https://coachoutletonlinespick.org/wirral-community-shop-serves-christmas-dinner-thanks-to-tesco/ Sat, 25 Dec 2021 13:00:00 +0000 https://coachoutletonlinespick.org/wirral-community-shop-serves-christmas-dinner-thanks-to-tesco/ PEOPLE were treated to a Christmas dinner at a community store in Beechwood this year, thanks to food donations from local Tesco stores. For many Community Shop members, the meal may be the only Christmas dinner they have this year, and the occasion has given them the opportunity to relax and socialize with other members. […]]]>

PEOPLE were treated to a Christmas dinner at a community store in Beechwood this year, thanks to food donations from local Tesco stores.

For many Community Shop members, the meal may be the only Christmas dinner they have this year, and the occasion has given them the opportunity to relax and socialize with other members.

A total of 1,700 dinners were served nationwide, as Community Shop hosted 29 Christmas dinners for its members across the UK.

The award-winning social enterprise works with retailers, manufacturers, food service and logistics providers to find good use of excess inventory, which might otherwise go to waste.

Members of the community store have access to a range of surplus products from well-known brands at greatly reduced prices, helping stretched budgets go deeper while fighting food waste.

David Ford, Communications Manager for Tesco in the North of England, said: “Community Shop provides a vital support network to its communities and Tesco is delighted to have partnered with them to help deliver Christmas dinners. in all their stores.

“Christmas can be a very difficult time for a lot of people and it’s great to bring some festive joy to these Christmas events.

“After a few difficult years, we are delighted to be able to help support Company Shop, on the road to a better 2022! ”

Joseph Chow, Head of Social Impact and Community Shop Development, said: “We are extremely grateful for the food donated by Tesco which has enabled our members to come together after 12 difficult months due to the pandemic.

“Community Shop relies on surplus food donations from organizations like Tesco and it was amazing to see even more support.

“Our members had a great time at the Christmas dinner and we have already had fantastic feedback.


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EAG approves sugar sector reforms for a better market https://coachoutletonlinespick.org/eag-approves-sugar-sector-reforms-for-a-better-market/ Fri, 24 Dec 2021 01:00:00 +0000 https://coachoutletonlinespick.org/eag-approves-sugar-sector-reforms-for-a-better-market/ ISLAMABAD: PRIME’s Economic Advisory Group (EAG) supports the suggestions of the Sugar Sector Reform Committee (SSRC) and encourages policymakers to take the necessary actions at both federal and provincial levels for implementation. Set up by the federal government, the SSRC has proposed a set of reforms that go a long way in addressing the challenges […]]]>

ISLAMABAD: PRIME’s Economic Advisory Group (EAG) supports the suggestions of the Sugar Sector Reform Committee (SSRC) and encourages policymakers to take the necessary actions at both federal and provincial levels for implementation.

Set up by the federal government, the SSRC has proposed a set of reforms that go a long way in addressing the challenges facing the sugar sector. Some of the key proposals include the abolition of restricted areas, tax-free sugar imports, phasing out of the minimum support price regime, transparency of futures contracts by allowing them under the Pakistan Mercantile Exchange, and the implementation of adequate water pricing to encourage the adoption of water-efficient agricultural practices.

The EAG believes that these measures would improve the negotiating positions of farmers vis-à-vis other stakeholders by allowing them to sell their products to whoever offers the highest price. These reforms would also allow the creation of new factories, while facilitating the relocation of existing factories to where it is most productive to operate. In addition to improving productivity at the sugar factory level, increased competition between factories would also benefit both the farmer and the consumer.

Allowing futures contracts while ensuring effective oversight would help reduce seasonal volatility in sugar prices. Likewise, the removal of import restrictions would expose the industry to international competition and encourage the adoption of more productive technologies.

Alternatively, the new regime would also allow inefficient sugar industry players to exit the market, thereby reallocating economic resources to more productive activities. This last point is the foundation of EAG’s vision document.

While supporting the reform agenda in principle, EAG also recommends that the SSRC reconsider some of the other proposals made in the report.

The report suggests that exports can only be allowed “in times of high production” and “through the allocation of quotas on FCFS without any government subsidy.” This proposal, the EAG said, would lead to problems similar to those encountered in the past.

A combination of low international prices and excess stocks in the country would force the government to subsidize exports to bring stocks to a level where factories are incentivized to undertake production. “Instead, a better policy will be to allow the free export of sugar while maintaining strategic reservations as a credible threat against speculative activity in the domestic market.”

The current proposal limits futures contracts to a maximum of 15 days. EAG proposes that this limit be increased to cover at least one full season, if not more. To avoid speculation, the government should invest in the ability of relevant regulators, such as the Pakistan Competition Commission, to monitor and guard against collusive practices. The proposal also recommends the application of the relevant laws “to ensure that no hoarding is possible”. EAG recommends that the committee clearly define “hoarding” in the context of the sugar industry.

There should be a clear distinction between hoarding, on the one hand, and the need to store the commodity by industry players for commercial purposes. For example, farmers have to store the crop while they negotiate the price with several market participants.

Likewise, retailers must maintain sufficient inventory levels to effectively manage their supply chains and expand their retail networks. Finally, traders accumulate inventory so that it can be sold during the off-season when prices are usually high.

“This distinction has historically been lost on district authorities responsible for implementing anti-hoarding laws and, as a result, economic efficiency is compromised. For example, in the process of implementing anti-hoarding laws, farmers have been denied the few weeks after harvest it takes to select the best possible deal, ”he said.

While the report notes that “the import of sugar is already open for the private sector”, policymakers have repeatedly imposed restrictions in the past, often requiring approval from the highest levels of government. This gap should be filled to bring more certainty to the rules governing the sugar market.

Finally, while EAG fully endorsed the abandonment of the minimum support price, EAG also recommended that policy makers at the provincial level strive to carefully design a mechanism to introduce crop insurance for smallholder farmers. in order to protect them from adverse shocks. The insurance product can be linked to the Kissan card that the current government recently introduced and rolled out gradually to minimize the likelihood of costly mistakes.

EAG is an independent group of people from business, politics and the private sector, which is supported by PRIME, an independent think tank.


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Financial capital and the COVID-19 pandemic https://coachoutletonlinespick.org/financial-capital-and-the-covid-19-pandemic/ Wed, 22 Dec 2021 01:50:32 +0000 https://coachoutletonlinespick.org/financial-capital-and-the-covid-19-pandemic/ Nothing like this has been seen in economic history. According to Bank of America analysis, reported by the Financial Time this weekend, central banks injected $ 32 trillion into financial markets since the start of the pandemic. This means that since the start of the Fed’s interventions in response to the March 2020 market collapse, […]]]>

Nothing like this has been seen in economic history. According to Bank of America analysis, reported by the Financial Time this weekend, central banks injected $ 32 trillion into financial markets since the start of the pandemic.

This means that since the start of the Fed’s interventions in response to the March 2020 market collapse, central banks have been buying financial assets at the rate of $ 800 million per hour for 20 months.

The result was a massive speculative boom that resulted in an increase in market capitalization of $ 60 trillion.

The magnitude of this increase can be seen in relation to the gross domestic product (GDP) figures which measures the growth of the real economy. The annual economic output of the United States is approximately $ 22 trillion, while the global GDP is approximately $ 84 trillion. In other words, the growth in market capitalization, which is most pronounced in the United States, is equivalent to more than two and a half times annual American production. This is roughly three-quarters of that of the entire world economy.

A Christmas tree stands in front of the New York Stock Exchange, lit in red, on Wall Street in New York on Sunday, December 19, 2021. (AP Photo / Ted Shaffrey)

These comparisons serve to highlight the nature of the stock market escalation and its divorce from the underlying real economy.

Stocks, bonds and other financial assets do not embody real value. Vast profits can be made when traded, but those profits do not mean that real value has been increased. In contrast, in the real economy, a firm profits from the extraction of surplus value from the labor power of the workers it employs.

Stocks and other financial assets are what Marx called fictitious capital, that is, they are titles of property and, in the final analysis, are a claim on the surplus value extracted by real capital. in the economy.

The situation is, of course, more complicated than the one described here, but, whatever its complexities, it is its essential dynamics.

While fictitious capital may exist for a considerable period of time in a sort of paradise where money generates ever greater amounts of money, often through all kinds of obscure operations, it can never completely separate itself from its earthly foundations. .

This paradise can be maintained by making ever larger amounts of almost free money available by central banks through lowering interest rates to near zero and purchasing financial assets. Ultimately, however, it depends on the continued extraction of surplus value from the living labor of the working class on which it feeds like a gargantuan vampire.

And if this flow is threatened with interruption – by a production halt or by the development of strikes for wages – it finds its expression in the markets as financial confidence is shaken.


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Here’s why you should own selective insurance stocks (SIGI) – December 20, 2021 https://coachoutletonlinespick.org/heres-why-you-should-own-selective-insurance-stocks-sigi-december-20-2021/ Mon, 20 Dec 2021 15:18:44 +0000 https://coachoutletonlinespick.org/heres-why-you-should-own-selective-insurance-stocks-sigi-december-20-2021/ Selective Insurance Group, Inc. (SIGI quick quoteSIGI – Free Report) gained momentum, given pure renewal price increases, strong retention rates, new business growth and a strong financial position. Growth projections Selective Insurance’s expected long-term profit growth rate is set at 13.4%, which is above the industry average of 9.7%. Revision estimate Zacks’ consensus estimate for […]]]>

Selective Insurance Group, Inc. (SIGI Free Report) gained momentum, given pure renewal price increases, strong retention rates, new business growth and a strong financial position.

Growth projections

Selective Insurance’s expected long-term profit growth rate is set at 13.4%, which is above the industry average of 9.7%.

Revision estimate

Zacks’ consensus estimate for 2021 and 2022 has moved 1.5% and 5.5% north, respectively, over the past 60 days, reflecting analyst optimism.

History of surprise earnings

Selective insurance has a history of decent income surprise. Its earnings beat estimates in each of the past four quarters, the average being 44.8%.

Zacks Ranking and Price Performance

Selective insurance currently carries a Zacks Rank # 3 (Hold). In the past year, the stock has climbed 21.7%, outpacing the industry’s increase of 13.2%.

Image source: Zacks Investment Research

Style note

Selective insurance is well positioned to progress, as evidenced by its favorable VGM score of A. Here V stands for Value, G for Growth and M for Momentum, with the score being a weighted combination of the three factors.

Return on equity (ROE)

Selective Insurance’s ROE for the past 12 months is 15.3%, better than the industry average of 5.6%. This reflects its efficiency in using its shareholders’ funds.

Business tail winds

Given the sharp increases in refueling prices, growth in exposure, strong retention rates and strong new business growth in the Exceptional Business Lines and Surplus and Surplus (E&S) lines segments, Selective Insurance’s revenue is expected to improve going forward, which in turn will drive revenue growth.

Zacks’ consensus estimate for Selective Insurance’s 2021 and 2022 revenue is set at $ 3.4 billion and $ 3.7 billion, respectively, indicating a close year-over-year increase of 15.1% and 8.8%.

For 2021, SIGI projects net after-tax investment income of approximately $ 240 million, up from previous guidance of $ 220 million. It includes $ 75 million in net after-tax investment income from alternative investments, up from the $ 55 million announced earlier. The upside forecast reflects strong after-tax gains on alternative investments. The insurer has experienced five consecutive quarters of high income from alternatives.

Selective Insurance expects a GAAP combined ratio, excluding catastrophic losses, of 88%, which indicates an improvement over previous guidance of 89% and also reflects strong profitability.

Selective Insurance has an impressive level of solvency. Building on strong earnings, its book value per share is expected to increase. In the third quarter, SIGI repaid $ 50 million in Federal Home Loan Bank debt, reducing its debt-to-capital ratio to 14.6%.

Leveraging strong financial flexibility, SIGI is able to grow above its sustainable growth rate, which offers better growth opportunities.

At present, it has a remaining capacity of $ 96.6 million under the share repurchase program.

Actions to consider

Some of the best-ranked stocks in the P&C insurance industry are American financial premiere (FAF Free report), Cincinnati Financial Corporation (CINF Free report) and Berkshire Hathaway (BRK.B Free report). While First American has a Zacks Rank # 1 (strong buy), Cincinnati Financial and Berkshire have a Zacks Rank # 2 (buy). You can see the full list of today’s Zacks # 1 Rank stocks here.

First American earnings have beaten estimates in each of the past four quarters, with an average pace of 29.19%. In the past year, First American has lost 43.8%. Zacks’ consensus estimate for 2021 and 2022 has moved 0.4% and 0.5% north, respectively, over the past 30 days.

Higher direct premiums and escrow fees, increased residential purchases and business transactions in the domestic market, higher operating revenues in the home warranty industry and higher net realized investment gains in the home warranty and property and casualty insurance business are likely to boost First American premium income.

Cincinnati Financial has beaten estimates in each of the past four quarters, with an average earnings surprise of 40.05%. Over the past year, Cincinnati Financial has grown 34.5%. Zacks’ consensus estimate for 2021 and 2022 has moved 1.3% and 5% north, respectively, in the past 60 days.

Cincinnati Financial is well positioned to benefit from premium growth initiatives, price increases and a higher level of insured exposures.

Berkshire Hathaway’s bottom line has beaten estimates in two of the past four quarters and missed the same in the other two, averaging 5.53%. Over the past year, Berkshire Hathaway has grown 31.4%. Zacks’ consensus estimate for BRK.B’s earnings in 2021 and 2022 implies year-over-year increases of 29.3% and 6.7%, respectively.

Berkshire Hathaway is expected to benefit from growth in its insurance business, manufacturing, services and retail, finance and financial products segments, as well as strategic acquisitions.


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