Author: News Room
This article was written byFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any…
Mortgage rates ticked up for the fourth straight week, climbing toward 7% as elevated rates and high home prices continue to snuff out demand in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.93%, up from last week’s reading of 6.91%. The average rate on a 30-year loan was 6.66% a year ago. “The continued strength of the economy has put upward pressure on mortgage rates, and along with high home prices, continues to impact housing affordability,” said Sam Khater, Freddie Mac’s chief…
In early November I was invited to tour the Sacramento, California PACE operation. PACE is an acronym that stands for Program of All-inclusive Care for the Elderly. I had heard of PACE and had even toured a PACE operation in San Diego during an aging services conference back in 2017. Its comprehensiveness had impressed me at that time so I was eager to see a different PACE center in a location not far from my home in northern California. What triggered my interest this time around was an offer to connect with InnovAge, a company whose entire mission is to…
More than 100,000 residents in Southern California were ordered to evacuate and five were confirmed dead as wildfires raged out of control across the Los Angeles region on Wednesday.The Pacific Palisades fire, which broke out Tuesday morning, has become the most destructive blaze in LA’s history, according to a fire safety council in the region. At least 1,000 buildings have been destroyed. Strong winds have fuelled flames at four separate locations across more than 25,000 acres, sending plumes of smoke across the sky and creating an apocalyptic hue. Wind gusts ranged from 50 to 80mph throughout the region, said the…
The Greenbrier Companies, Inc. (NYSE:GBX) Q1 2025 Earnings Conference Call January 8, 2025 5:00 PM ET Company Participants Justin Roberts – Vice President and TreasurerLorie Tekorius – President and CEOBrian Comstock – Executive Vice President and President, AmericasMichael Donfris – Senior Vice President and CFO Conference Call Participants Ken Hoexter – Bank of AmericaBascome Majors – Susquehanna Operator Hello, and welcome to The Greenbrier Companies First Quarter of Fiscal 2025 Earnings Conference Call. Following today’s presentation, we will conduct a question-and-answer session. Each analyst should limit themselves to one question with a follow-up if needed. Until that time, all lines…
Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household budgets, according to industry experts. When a credit or debit card is used, banks and credit card networks will charge retailers a fee to process the transaction. It’s known in the industry as an interchange fee, though some experts have also coined it a “swipe fee.” Swipe fees average just more than 2% of the transaction for credit cards, but they can be as much as 4% for some premium rewards cards, according to the National Retail Federation (NRF), the nation’s…
Later this year, Rep. Tom Suozzi (D-NY) will reintroduce his public catastrophic long-term care insurance bill, called the WISH Act. Suozzi is doing all the right things: Looking for Republican support and trying to engage the private insurance industry, long-term care providers, and employers, as well as advocates for older adults and people with disabilities. But he has a big problem: While the idea of public insurance may be gaining traction, raising taxes to pay for it is a much tougher sell. Suozzi’s original 2021 bill explicitly proposed raising payroll taxes to fund the insurance program, an idea consistent with…
Raging wildfires fanned by strong winds tore across the wealthy Los Angeles neighbourhood of Pacific Palisades on Tuesday, burning homes and prompting the city to issue evacuation orders to 30,000 people.Nearly 1,200 acres were burning in the hills around the Palisades, an affluent coastal community with some of the most expensive property in the US, the Los Angeles Fire Department said on Tuesday. There were no reports of how the blaze began. Smoke blackened the sky over the area as winds reached up to 60 miles an hour. Gusts were expected to accelerate into Wednesday and could reach as high…
This article was written byFollowLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares…
Year-end is a time for holiday cheer, introspection, and Wall Street strategist predictions for the market. As I try to emphasize to my clients, these analyst projections are nothing more than guesses, wishful thinking, and marketing. They should not be viewed as investment advice. A more practical outlook for 2025 is to focus on events that have a high probability of coming to fruition. Preparing mentally and positioning your portfolio accordingly will help set folks up for financial success in the year-ahead. Below are predictions that will likely occur. 1) There WILL be unpleasant news: When bad things happen, the…
