Rogers: “Minority Shareholders Need Closure Not Chaos”
Rogers Communications (TSX: RCI) continues to be the centre of attention within the Canadian markets, following a spat between the ousted chairman and the board of directors. It started on October 21 when the company announced that John A MacDonald would become the chairman of the company. The move pushed Edward Rogers, son of company […]
GameStop Terminates Employment Of Chief Operating Officer After 7 Months
GameStop Corp (NYSE: GME) is now without a chief operating officer. The company filed an 8-K Friday, indicating that it had entered into a Separation and Release Agreement with Jenna Owens, whom was Executive Vice President and Chief Operating Officer. While it has widely been reported by media that Owens had elected to leave, the […]
Curaleaf: Haywood Predicts Slower Growth Into 2022
Curaleaf Holdings (CSE: CURA) announced that they would be reporting their third quarter financial results on Monday, November 8th after the markets close. The average revenue estimate between 15 analysts is US$339.95 million, while EBITDA is expected to be US$98.68 million with 14 analysts estimates. There are currently 15 analysts who cover Curaleaf with an […]
Altus Midstream Plunges After Announcing a Reasonable Merger Agreement
On October 21 after the close, Altus Midstream Company (NASDAQ: ALTM), an energy company which owns minority stakes in four natural gas, natural gas liquids and oil pipelines — two of which are underpinned by very attractive, long-term take-or-pay contracts — as well as a midstream gas business, announced it will combine with a larger, […]
BMO Resumes Coverage On Tricon Residential After US IPO
Earlier this month, Tricon Residential (TSX: TCN) announced that they closed their U.S. IPO selling 46,248,746 shares for total proceeds of US$570 million, and completed their listing on the NYSE under the ticker “TCN”. Additionally, Tricon offered a private placement of shares to Blackstone Real Estate Investment Trust. After the news, many analysts raised their 12-month price […]
US Junk Bond Market Soars to New Record as Excess Liquidity Prompts Investors to Seek Higher Yields
The US junk bond market has once again swelled to a record-breaking size, thanks to yield-hungry investors and an economy bursting with bottomless liquidity. A new record-high of 149 companies have taken advantage of America’s high-yield bond market, including crypto exchange Coinbase and medical supplies producer Medline, in an effort to quickly raise cheap liquidity, […]
Valens: Canaccord Lowers Price Target To $3.75
Earlier this month, The Valens Company (TSX: VLNS) reported their fiscal third-quarter financial results. The company reported net revenue of $20.99 million, up from the $18.76 million reported last quarter. Gross margins were 26.8% for the quarter compared to 22% last quarter, while adjusted EBITDA came in lower than last quarter at negative $6.18 million. […]
China-Based EV Battery Maker to Raise Prices By At Least 20% Primarily Due to Soaring Lithium Price
Inflation is everywhere. On October 27, the giant China-based electric vehicle (EV) and battery maker BYD announced that it will raise battery prices at least 20% effective November 1. This increase has significant implications for EV manufacturers, as batteries typically comprise about a third of the price of an electric vehicle. BYD supplies batteries to Toyota, Ford […]
Apple Records US$83.4 Billion In Revenue In Fiscal Q4 2021
Apple Inc. (Nasdaq: AAPL) released on Thursday its financial statements for fiscal Q4 2021 ending September 25, 2021. The results highlighted a quarterly revenue of US$83.4 billion, marginally missing the average revenue estimate of analysts. The topline figure, however, is an increase from fiscal Q4 2020’s revenue of US$64.7 billion. Breaking it down, iPhone sales […]
McDonald’s Hikes Menu Prices Amid Surging Food and Labour Costs
Consumers are about to pay a lot more for a Big Mac, as surging food and labour costs prompt McDonalds (NYSE: MCD) to hike menu prices in an effort to preserve profits. McDonalds, which is worldly famous for its Big Mac burger, has announced it will be passing an increasing number of costs onto consumers, […]