Beginning in August, Zillow plans to charge landlords $40/mo per listing. Investing |
- Beginning in August, Zillow plans to charge landlords $40/mo per listing.
- Tesla beats analyst delivery expectations, Stock surges 8%
- California makes clean trucks mandatory (gradually)
- Blackrock's 2020 Mid-Year Economic Outlook
- Holding cash, I dont know what to do
- The Federal Reserve's Balance Sheet changes as of July 2, 2020
- Profitable daytrader shares what he learned over the years
- Does cashing it all out with moving stop-limits make sense?
- Thoughts on ASML?
- $ONEM sleeping giant Google backed Telehealth IPOd in 2020
- Earnings calendar information source
- Is Mortgage back securities (MBS) issued by Ginnie Mae an almost risk-free investment?
- What's the safest way to leverage a large portfolio?
- Children’s savings / trusts
- I am an incoming college student and I want to increase my small amount of money. What's your advice for me?
- HOW DO YOU ALL THINK OF WorkHorse Truck EV's Stock/ Long-Call Option?
- What is distressed investing?
- The Payments Industry and Software-only Payments Companies
- Hanesbrands' Business Transformation Has Been Hiding in Plain Sight, and We View It as Undervalued...Morning Star.
- Gold Bull Market Ideas
- GPAQW-HOFVW Conversion
| Beginning in August, Zillow plans to charge landlords $40/mo per listing. Posted: 02 Jul 2020 05:35 PM PDT Edit: *charge landlords seeking tenants and home sellers seeking buyers 2020 has been a strangely good year for companies in the real estate business with demand for homes in many cities jumping. Record low mortgage rates and flexible remote work policies have led to many buyers but few sellers. In June, homes were sold at their fastest pace since 2018. Both Zillow and Redfin have resumed buying homes through their iBuyer ventures. Redfin went from laying people off to hiring aggressively. Now, Zillow is further monetizing their rental and for sale marketplaces by making landlords in certain markets pay $40/mo to list vacancies. If they don't completely drive away landlords with this move, it looks like a smart way to improve margins at a time when landlords are struggling to find tenants and prospective home buyers are doing almost all of their shopping online. While it's only select markets for now, if it's successful enough I'm sure they'll expand the policy to other markets. [link] [comments]  |
| Tesla beats analyst delivery expectations, Stock surges 8% Posted: 02 Jul 2020 08:44 AM PDT Following a positive surprise in the second quarter delivery figures, the electric car manufacturer's shares soared by a good eight percent to USD 1,212.21 on the NASDAQ, making it the best performer in the technology-oriented NASDAQ 100 selection index, giving Tesla a market value of around USD 225 billion. In early trading, the shares had reached a record high of around 1,228 dollars. Tesla brought 90,650 cars to customers worldwide in the three months to the end of June. This far exceeded analysts' forecasts. At 80,050 units, the majority of deliveries were Tesla's lowest-priced Model 3 and the new Model Y compact SUV. With these offerings, the company of tech billionaire Elon Musk is increasingly establishing itself in the mass market. [link] [comments]  |
| California makes clean trucks mandatory (gradually) Posted: 03 Jul 2020 01:43 AM PDT As a result, manufacturers that certify chassis for medium and heavy-duty commercial vehicles or complete vehicles with combustion engines will now have to sell an increasing percentage of their annual sales in California as zero-emission trucks from 2024. For model year 2024, nine percent of all Class 4-8 trucks sold on the road must be zero-emission vehicles, with the percentage rising gradually to 50 percent by 2030 and 75 percent by 2035. This applies to tractors in a similar way. Article talks about Ballard Power, Nel Asa and Nikola (lmao) (https://gryffintrading.com/2020/07/03/california-has-passed-regulation-that-will-make-clean-trucks-mandatory/) What do you guys think about these and do you know any others that stand to profit from this? IMO NKLA is clearly overhyped if not just scam entirely, don't know much about the others [link] [comments]  |
| Blackrock's 2020 Mid-Year Economic Outlook Posted: 02 Jul 2020 12:57 PM PDT Blackrock's 2020 mid-year economic outlook discusses the investment potential for tactical (short term) and strategic (long term) investing as of July 2020. Tactical calls include upgrading credit investments and a review of fixed income yields, downgrading emerging market equities bonds & credit, and upgrading European equities bonds & credit. US equities are downgraded. These tactical calls are broken down to "granular views" on page 15. Strategic views for long-term investing are provided for updating allocation and diversification of portolios from "outdated" rules of thumb. Updates include decreasing the allocation to bonds in a portfolio, increased geographical diversification of portfolios and increased sustainability investing. [link] [comments]  |
| Holding cash, I dont know what to do Posted: 02 Jul 2020 05:38 PM PDT Helo, I am a 20s male. I have 60k in savings just sitting there, willing to invest 40k. I wanted to invest in March but then covid happened and everything crashed so as a new investor I didnt feel right investing then. Lately though the stocks keep going up and up. Tesla, Apple, NVDA, MSFT, AMZN, all time highs. I want to get in now but im scared the bubble(if there even is one) will burst right when I get in. COVID surging, possible Biden election win, China trade war all reasons for a drawback. Yet I cant stop hating myself for all these missed gains. Any seasoned vet willing to give me some advice. I literally felt sick to my stomach today seeing Tesla at 1200, coulda 3xed my money if I bought the dip. [link] [comments]  |
| The Federal Reserve's Balance Sheet changes as of July 2, 2020 Posted: 02 Jul 2020 02:31 PM PDT https://www.federalreserve.gov/releases/h41/current/ Scroll down to: 5. Consolidated Statement of Condition of All Federal Reserve Banks Key takeaways The new asset change was -$73B week over week. The balance sheet gets smaller for a fourth consecutive week. The Fed bought $15B in US Treasuries last week. The Fed sold $32B in MBS last week The Fed returned $49B in foreign currency to foreign central banks under the Central Bank Liquidity Swap Mechanism [link] [comments]  |
| Profitable daytrader shares what he learned over the years Posted: 03 Jul 2020 12:40 AM PDT
[link] [comments]  |
| Does cashing it all out with moving stop-limits make sense? Posted: 03 Jul 2020 12:27 AM PDT Long story short, I want to cash out all my stocks in the next month or so to hold the money somewhere less risky. I would be happy with the amount I currently have. A few positions have been trending up surprisingsly well and I would be disappointed to just sell them all on Monday just to see some go up another 20%. I've been setting stop limit orders at 95% and 90% of current prices and resetting them daily if things move up more than 1.5% or so. This seems like a one-way ratchet which can follow prices up, absorb a little volatility, but protect me from major loss if who-knows-what happens. Does this strategy make sense? Is there a better way to accomplish what I'm after? [link] [comments]  |
| Posted: 02 Jul 2020 08:40 PM PDT This stock keeps pushing record highs, week after week now. From what I can gather they're the largest supplier in their field of photolithography, and apparently the pandemic has pushed IC makers to bring a lot of the production back to the US which means they could be selling a lot more equipment here. [link] [comments]  |
| $ONEM sleeping giant Google backed Telehealth IPOd in 2020 Posted: 02 Jul 2020 08:03 PM PDT Yesterday Piper Sandler upgraded this stock to a $40 price target (currently at $38) $ONEM is a sleeping giant. Flies on the COVID news cycle, telehealth angle, Google backed, Carlyle backed, app downloads have been surging (using AppAnnie app intelligence) which likely highly correlated to new customers. Only ~4.7B valuation and they just IPOd this year. Worth a look [link] [comments]  |
| Earnings calendar information source Posted: 03 Jul 2020 04:23 AM PDT Im struggling to find this information...Can anyone please share from your experience which website source do you use for the information of: 1. Earnings date of the company 2. Whether the earnings time is before market open/after market close 3. Historical earnings date of the company I tried to use Yahoo finance before but I realize many time it was not very accurate...trying to find a better source instead... Much appreciated for your input thanks. [link] [comments]  |
| Is Mortgage back securities (MBS) issued by Ginnie Mae an almost risk-free investment? Posted: 02 Jul 2020 11:52 PM PDT I am trying to diversify my investment portfolio, but realize 1 year treasury and cooperate AA bond has drops to around 0.15% interest rate. I read some info about MBS issued by Ginnie Mae and find out it is a govt agent and will guarantee the investor to get on time payment even if the underlining mortgage undergo default. In other word, i should have almost zero chance to lose my principal. It seems too good to be true considering there is a 1% interest rate difference between MDS and treasury bond? Am i missing something? I understand the resale value may drops dramatically when bond yield rise. But is that it? It wont affect me as long as i hold the security till maturity, right? Thank you for all ur advice. [link] [comments]  |
| What's the safest way to leverage a large portfolio? Posted: 03 Jul 2020 02:40 AM PDT Most brokers allow trading on margin, however brokers often change margin requirements with little notice which poses significant risk for investors with larger accounts. For example, if my portfolio size is $500,000 and my margin requirement is 50%, then I could borrow an additional $500,000 to invest. However, if I only use half of this allowance ($250,000) but overnight my broker decides to change my margin requirement to 80% I'll be margin called for $125,000. Is there any way for investors with larger sums of a money, say $1,000,000+ to trade on leverage without the risk of changing margin requirements? For example, might a larger investor typically seek a line of credit from their bank collateralised by the value of their investment portfolio? [link] [comments]  |
| Posted: 03 Jul 2020 02:14 AM PDT Hello. What is the best approach for savings for my 1 year old. My parents want to give my 1 year old son some money from a recent house sale and we plan to top it up annually. I've looked at options from junior ISAs to stocks and shares. What are some good recommendations and what should I look for? We live in the UK [link] [comments]  |
| Posted: 03 Jul 2020 01:28 AM PDT Hey! So I will be a freshman at college this fall. I have saved up a few thousand dollars from scholarships and various jobs. However, even though this money is so valuable to me, it's not like I need to use this money right now. My parents want to support me as long as they are able to - so at least I don't have to worry about paying for freshman or even sophomore year tuition (and I am so incredibly grateful for this). I hear all the time- "oh, I wish I could've started investing earlier", "I could have made so much money if I learned about trading stocks earlier", and so many more phrases along those lines. Yet, I have never heard what they would have wanted to do, if they started early. So, I want to ask all of you - if you had about 5 thousand saved up in your late teens, what would you do with it? Please be serious with this question and the answers you give me. Also, please keep in mind that while I will be free for about the next month, when I join college I expect to be fully committed to my academics and will probably not even be thinking about what's going on with the money - so I can't really be daytrading or looking at the account every second. [link] [comments]  |
| HOW DO YOU ALL THINK OF WorkHorse Truck EV's Stock/ Long-Call Option? Posted: 02 Jul 2020 04:25 PM PDT Today, Workhorse went up to $22.5 in a very short period of time for like 5 minutes, and then it plummeted down to like $21 and then $20. Some legit famous financial analyst targeted its price at $26, and it could potentially swing up to $35 in a month or so. Personally, I believe Workhorse is a great company to hold for the long term. However, I don't believe the intrinsic value of the company is above $22 as of July 2020. I think I'm gonna sell the stocks when it hits around $27-$31 and will place a stop limit at $31. Then, I'll buy it back when it goes down and wait for it to go back up again. I can't time the market for Workhorse, but I think tomorrow (Friday, July 3, 2020), Workhorse likely will go down and then go back up to $26 next Wednesday and to $30 next Thursday. I would like to know your opinions regarding Workhorse! Thank you for your wisdom! [link] [comments]  |
| Posted: 03 Jul 2020 01:05 AM PDT I have an assignment due tomorrow and I did not find anything online except basic definition. I need to write 7 pages essay on it and I am freaking out. It would be of great help if you provide me practical examples, risks involved in it and its features. Also please provide me any resources if you have that will help me. I might not graduate if I do not get this marks. I am distressed right now. edit: typo . . . . . . . . . . . . . . . . . . .. . . . . . . .. . . . . . .. . . . .. . . . .. . . . .. . . . . .. . . . . . . .. . . . [link] [comments]  |
| The Payments Industry and Software-only Payments Companies Posted: 02 Jul 2020 11:50 PM PDT $FIS $FISV $RPAY $GPN $IIIV $PAYS $ I get how payment processors like $V Visa and $MA M*sterCard make money and the hardware providers like Square, Adyen and Wirecard make money through hardware transactions but how do the software providers make money and what differentiates them from one another? Companies that provide the hardware like $SQ won't use 3rd party provider solutions for their software if they already provide the hardware so why wouldn't people use the integrated solution instead? If a company already provides the hardware like Square, Adyen or Wirecard, how do software only payments companies like Global Payments, Repay and i3 Verticals compete if the hardware providers are owned by companies that also provide software like FISV owning Clover? Fiserv owns Clover (hardware POS) and First Data but Clover allows other software providers like $IIIV to use their platform. Why wouldn't they just allow Clover to be used with First Data only instead of allowing other software only payments providers to latch on to their hardware? [link] [comments]  |
| Posted: 02 Jul 2020 09:52 AM PDT We believe narrow-moat Hanesbrands' transformation is underappreciated by the market and that its valuation is very attractive, as the shares trade more than 40% below our $23 fair value estimate. In our opinion, investors are focused on difficulties in the company's low-growth innerwear operations and partial dependence on physical retail in the United States and are overlooking the mix shift in its business and its sustainable free cash flow generation. Through a series of acquisitions (at a cost of about $2.7 billion since 2013), Hanes has transformed its brand portfolio into a more diversified and global operation with higher margins and returns. The firm now owns leading brands in multiple geographies, and we view its competitive positioning in these markets as defensible. Indeed, it has been gaining share in some basic apparel categories in some regions. Further, while some dismiss it as a fad, we think Hanes' Champion brand has grown into a multinational athleisure brand with a significant following and increased distribution. Including its C9 subbrand, Champion achieved more than $2 billion in sales last year, rivaling the worldwide sales of other activewear brands like Columbia Sportswear and narrow-moat VF's The North Face and Timberland. While the COVID-19 crisis has slammed all international apparel companies in 2020, we think Hanes may recover faster than most as its products have limited fashion risk, are purchased regularly regardless of economic conditions, and are available in a large variety of retail outlets. Moreover, we believe Hanes can pay down its debt over the next few years while continuing to pay its current annual dividend of $0.60 per share (providing a current dividend yield of nearly 5%) and resuming significant share repurchases next year. Business Strategy and Outlook | by David Swartz Updated May 07, 2020 Narrow-moat Hanesbrands is the market leader in basic innerwear (59% of its 2019 sales) in multiple countries. While the COVID-19 crisis will certainly have an adverse impact on its 2020 results, we think Hanes' share leadership in replenishment apparel categories puts it in better shape than some competitors. Moreover, Hanes owns its supply chain, which gives it more flexibility in production and costs than others. Hanesbrands' Champion brand is key for the company. At $1.9 billion in 2019 sales, Champion was approaching management's 2022 goal of $2 billion in sales (excluding the mass channel and up from $1.36 billion in 2018). Although COVID-19 and the discontinuation of the C9 label at Target will hurt Champion's sales in 2020, we believe it will continue its growth path in 2021 as it and other activewear apparel have become more than just athletic apparel and are increasingly worn as lifestyle/fashion brands. Moreover, Hanes has recently found a new home for C9 as an exclusive Amazon brand. We forecast 3.5% activewear growth longer term. Hanesbrands has improved its production efficiency over the past 10 years. The company claims a nearly 90% increase in per-factory output by both units and weight since 2008. Further, it claims a 33% increase in manufacturing efficiencies over the same period. In 2017, Hanesbrands announced a cost-efficiency program that it calls Project Booster. This effort is designed to take advantage of Hanes' global scale in distribution and optimize its supply chain with a focus on inventory. Hanes, unlike many rivals, primarily operates its own manufacturing facilities. More than 70% of the apparel units sold by the company are manufactured in its own plants or those of dedicated contractors. Examples of cost savings under Project Booster include procurement and product development efficiencies, utilizing global fabric platforms, more efficient distribution for e-commerce, and further optimizing global textile and sewing operations. We believe these initiatives allow Hanes to maintain operating margins above 20% for its American innerwear business despite mediocre sales. Economic Moat | by David Swartz Updated May 07, 2020 Our narrow moat rating on Hanesbrands is due to the strength of its intangible brand asset. Hanes' key apparel brands have leading market share in their categories in the U.S. and a few other countries. The popularity of its brands allows it to maintain strong retail distribution and premium pricing. We believe that the company can generate returns on invested capital above its weighted average cost of capital over the next 10 years. Hanesbrands serves the competitive, but concentrated, category of mass market basic apparel. The current crisis is likely to have an adverse impact on Hanes' results in 2020 and, possibly, beyond, but shouldn't change its competitive position to any significant degree. Hanes' brands have held up during many economic cycles and ownership changes. They have, in some cases, even survived years of mismanagement and neglect. Hanes' brands have leading market share in multiple countries and in multiple categories and we don't think the current situation will change that. For example, in men's underwear in the U.S., Hanes' market share of about 36% is more than the combined shares of Fruit of the Loom and Jockey, the second- and third-largest manufacturers, and Hanes has gained share on both over the past five years (Euromonitor). Similarly, in Australia, Hanes' Bonds brand has more than double the share of the second-largest men's underwear brand and Bonds has been gaining share (to 14.6% in 2019 from 11.5% in 2016, according to Euromonitor). DIM and other Hanes-owned brands also have leading market shares in certain categories in such countries as France, Spain, Italy, and Germany. A decline in consumer spending and store closures will hurt Hanes but, in most categories, not more so than peers. Brands are important in innerwear (e.g., underwear, undershirts, bras, socks). A Milward Brown (2017) market report claims that brand is the primary consideration for consumers' purchasing decisions. Consumers tend to prefer branded over private-label products. NPD numbers suggest that private label represents only 11% of innerwear sales in the U.S. Branded products have even greater share online where private label represents only 8% of the market. Hanesbrands is a market leader in online sales as it is in physical retail. Its key brands are number one or number two in online sales in their categories. Per capita consumption of underwear, bras, and socks varies little from year to year. In the U.S., market growth is not much different than overall population growth of approximately 0.8% per year. But unlike other categories, much of this apparel is unaffected by fashion trends and is more of a replenishment product. While there is significant competition, consumers are reluctant to change innerwear brands. They are more concerned about comfort and fit than price. The Milward Brown report finds that price is merely the fifth factor in consumers' purchasing decisions. While basic apparel has limited growth, per capita consumption of athletic-inspired apparel has been growing. This is a benefit for Champion and other activewear brands. Activewear (both U.S. and international) represented 41% of Hanesbrands' 2019 sales. Hanesbrands has invested in product innovation, which should support its brand intangible asset. The company spent $176 million in the past three years (about 1% of revenue) on research and development related to product development. New products are important for Hanesbrands because they allow for product differentiation and premium pricing. As an example, both men's and women's Hanes Premium X-Temp underwear sells for as much as double the price of basic Hanes underwear at Target and other stores. Consistent innovation is important because brand extensions allow Hanes to expand shelf space. Hanesbrands also supports its brands and product introductions with marketing. The firm spent $164 million (2% of revenue) on advertising in 2019. Hanes' larger revenue base allows it to spend more on R&D and advertising than rivals. Hanesbrands' spending on measured media in the U.S. is more double that of direct competitor Fruit of the Loom. Hanes' revenue has certainly dropped during the pandemic, with our forecast calling for a 20% drop in sales in 2020, with most of the damage in the June-ending quarter (down 33%). Many U.S. stores that sell Hanes' clothing, including Walmart, Target, Dollar General, and even grocery stores and drugstores, remain open, but many others were forced to close. There is some preliminary information that Hanes' sales may be holding up a bit better than those of some others in the activewear category (which posted a mid-teens decline in the first quarter). According to an April 24 blog post from NPD, Hanes and Champion (up mid- and high-single digits) outperformed other activewear brands (with Nike down mid-teens, Adidas down 25%, Under Armour down 20%, Fruit of the Loom down in the low-single digits) in the March-ending quarter. We attribute Hanes' outperformance to its lower exposure to department stores and mall-based stores. Even Nike, with its vast distribution, has considerable exposure to chains like Kohl's, Macy's, Foot Locker, Dick's Sporting Goods, Finish Line, etc., that have been forced to close most or all their stores. Hanes has exposure to these stores too, but less so, because basic apparel is primarily purchased at mass discount stores. Walmart and Target comprised 25% of Hanes' total sales in 2019. As domestic wholesale was 52% of Hanes' 2019 sales, this suggests that Walmart and Target accounted for about 48% of Hanes' U.S. business. Also, sales of athletic performance apparel have been crushed as practically all amateur and professional sports have been shut down. Hanes and Champion do not compete in this category. Further, we don't believe the current crisis will have much impact on Hanes' pricing. The company sells high-volume products with low price points. As an example, Hanes' men's underwear at Walmart is typically priced 20%-35% more per unit than the Walmart brand. While a sizable difference in percentage terms, the difference in dollar terms is only around $0.50-$0.85 per unit, so it seems unlikely that Walmart and other retailers will have to mark down prices in a recession. This is an industry based on low prices all the time and mass retailers run on lean inventory. This has been an issue for Hanes, which has had to adapt to Walmart's unwillingness to hold inventory over the past few years. Also, Walmart and Target have put a priority on private-label apparel. Nonetheless, Hanes' adjusted gross margins have improved to 40% (in 2019) from the low-30s before 2013 due to the introduction of innovative product with better pricing and low-cost manufacturing. Hanes owns factories in Latin America and the Caribbean and can produce basic apparel at least as efficiently as others because it has the greatest volume. As such, Hanes' operating margins in innerwear are in the low-20s, which is higher than the operating margins of some higher-priced branded apparel. The virus is likely to slow Champion's momentum but, again, not disproportionately so. Champion was tracking ahead of Hanes' long-term goals prior to the crisis and we don't think that the "athleisure" fashion trend will be affected by the pandemic. Moreover, Hanes just announced a new deal that makes Amazon the exclusive seller of the C9 by Champion sub-brand. C9 had been an exclusive brand at Target for 15 years until that deal ended in January, and it was a mild surprise that Hanes was able to find a new home for it so quickly. We anticipate that Hanesbrands will continue to generate ROIC above its WACC over the next 10 years. Its adjusted ROIC including goodwill averaged 12% over the past eight years, well above our WACC estimate for the company of 8%. We forecast Hanesbrands' average annual adjusted ROIC including goodwill at 16% over the next decade. Hanesbrands has reported uneven results over the past three years due to store closures, lower retail inventories, and weakness in intimate apparel. These problems will likely continue in 2020 due to COVID-19. However, our view is that Hanes can overcome some of these issues and slightly improve margins in future years as cost savings initiatives take hold. Also, Hanesbrands has expanded its international business through acquisitions and reduced its dependence on mass market innerwear in the U.S. We classify Hanesbrands' moat as narrow rather than wide. The company's brand portfolio is strong enough that we think it can maintain its premium pricing and shelf space over the next decade. The brands are supported by heavy advertising and innovation. In the long-term, however, Hanesbrands faces threats from private-label products and the decline of physical retail. We do not classify Hanesbrands' moat based on brand strength as wide. Also, the company lacks other factors that would allow for a wide moat. There are no switching costs in its apparel categories, and barriers to entry are low. There is no network effect. While its production process is cost-efficient, some competitors have similar production models. Our view is that Hanesbrands does not have a cost advantage over competitors. Fair Value and Profit Drivers | by David Swartz Updated May 07, 2020 We are lowering our fair value estimate on Hanesbrands to $23 from $24 after adjusting our forecast due to the spread of the coronavirus. We have reduced our 2020 adjusted EPS forecast to $0.71 from $1.09. Although we maintain our 2020 sales estimate of $5.6 billion, we are cutting our adjusted operating margin forecast to 8.7% from 12.1% due to store closures, discounting, declines in consumer spending, and unfavorable currency movement. Our fair value estimate implies the following 2020 valuation ratios: adjusted price/earnings of 32, enterprise value/adjusted EBITDA of 18, and free cash flow yield of 4%. We assume long-term annual organic innerwear growth of 2.0% and annual international growth of 4.0%. Long-term growth in innerwear is very low, not much more than population growth, but Hanes has been gaining share in some categories. Outside the U.S., we believe Hanes will achieve modestly higher sales growth as it expands its points of distribution. We forecast annual activewear growth rates of 3.5% over the next decade. We do not anticipate activewear (approximately 41% of global sales) will achieve this growth rate in 2020 due to the virus and the loss of the C9 business at Target. Still, we believe Hanes' activewear business has good growth prospects, reflecting expansion plans for the Champion brand and recent acquisitions in the category. Our fair value estimate assumes innerwear (approximately 59% of global sales) operating margins improve to 24% long term. Further, after anticipated declines in 2020, we assume gradual increases in operating margins for both activewear and international (36% of 2019 sales) over the next five years, with both increasing to 18% in 2024 from 15% in 2019. Hanes expects to improve production efficiency as it implements best practices at its newly acquired businesses. Our fair value estimate assumes low inflation in wage and cotton prices, resulting in a gross margin that stabilizes at 40%. We anticipate that Hanes will begin to recover from COVID-19 in 2021 and generate about $6.6 billion in sales and $900 million in operating profit by 2023. Further, we estimate the firm will generate approximately $3.1 billion in free cash flow to equity over the next five years. Given uncertain timing, our estimates do not include any contributions from acquisitions. At its investor day in 2018, Hanes estimated that it may add $700 million in annual revenue from acquisitions by 2022. [link] [comments]  |
| Posted: 02 Jul 2020 04:34 PM PDT Well, what had been a resistance for a while(~$1750) now appears to be the new support. Assuming we consolidate above this level for a little while then breaking through the next resistance at ~$1800 should not be a problem. The next step will be the ATH at $1920. With all the fed decisions and the state of our economic outlook I couldn't be more bullish on Gold right now. With that said, and if you're in agreement with me, there has got to be some good investment ideas out there besides the obvious. The obvious for the faint of heart are PHYS and GLD. The obvious for the not so faint of heart would be GDX and GDXJ. But....I know there's some other solid plays out there. Anybody want to share how they are planning to play this upcoming gold bull market? [link] [comments]  |
| Posted: 02 Jul 2020 09:43 PM PDT Hi all, question on the GPAQ warrants. I read that they should translate to 1.42 HOFVW today once the merger is complete. I had 500 shares of GPAQW so I was thinking I would have 710 shares HOFVW now, but my broker (fidelity) only lists me as having 500 HOFVW. Any one have any idea what's going on? I am guessing it is just 1:1 and I am misinformed. [link] [comments]  |
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