BREWED BEHAVIOUR
Lifestyle, Fitness, Health, and more.
Eighty-One Percent Off Is Not a Price
Carl Zeiss Meditec, the German ophthalmic and microsurgery equipment maker, has fallen roughly 78 percent over five years and about 26 percent this year alone. It has withdrawn guidance, replaced a chief executive who departed abruptly, and been downgraded by both Goldman Sachs and Bernstein. The analyst community cannot agree on what that means, and the disagreement is instructive. One discounted cash flow model puts fair value around €80.63...
A Strategy Is Not a Signature
Beneficient announced on Wednesday that it has formulated and is implementing a comprehensive strategy to eliminate roughly $130 million of contested debt asserted by HCLP Nominees, along with the equity interests held by its former chief executive Brad Heppner and his affiliated entities. The shares rose 275 percent in premarket trading, touched $3.03 intraday, and closed near $1.60, at the bottom of the session. The proposal is substantial on...
Somebody Else Won the Contract
Palantir rose between 3.5 and 4.4 percent on Wednesday, closing at $191.79, up $6.80, after Rosenblatt's John McPeake reiterated a Buy rating and a $225 price target. The catalyst was the Federal Aviation Administration beginning limited operation of SMART, an AI-supported air traffic system, around three Washington-area airports. SMART stands for Strategic Management of Airspace, Routes and Trajectories, pulls roughly two hundred data streams...
Ninety Percent to Forty in Five Years
Washington H. Soul Pattinson reported statutory net profit after tax of A$2.191 billion for the year to 31 July, up 502 percent from A$364 million. Revenue from continuing operations rose 96 percent to A$1.87 billion. The shares rose 7.5 percent to A$48.94, a new 52-week high. Almost none of that headline is what it appears to be, and the company says so. The increase comes from completing the A$15 billion merger with Brickworks in September...
One Hundred and Three Front Doors
Cork City Council has granted permission to Pontorac Ltd for 103 homes at Pope's Hill, Pope's Road, Blackpool, on a 2.58 hectare site about 400 metres east of Blackpool village, between the Glentrasna estate to the north and Collins Barracks to the east, with the military cemetery on its northwest side. Fifty townhouses and 53 duplex apartments, two to four storeys: 18 one-beds, nine two-beds, 68 three-beds and eight four-beds. Twenty-one units...