Bruce Berkowitz (Trades, Portfolio): Fairholme’s latest internal figures have Sear (NASDAQ:SHLD) at a net asset value (NAV) of over $90 per share. This figure has been dramatically reduced over time due to the retail cash burn. We come up with the $90+ per share based upon the remaining real estate of the company – including long-term leases, which we have significantly discounted to....More>>>
Global gold demand in 2017 fell by 7 per cent to 4,071.7 tonne compared to 2016 due to lower inflow into ETF, according to a World Gold Council (WGC) report.
The overall demand in 2016 was 4,362 tonne, WGC said in its latest Gold Demand Trends report.
Even as inflows into exchange-traded funds (ETFs) continued steadily throughout the year, it was 202.8 tonne, around one-third of 2016’s....More>>>
This is part of a series of stories that comprise TheStreet’s Blue Chip Studio, which will illuminate issues related to corporate board performance, activism, dealmakers and personalities revealed by analysis of data generated by BoardEx, a business unit of TheStreet.
BlackRock (BLK), the world’s largest asset manager, said it will be putting pressure on companies to address boardroom....More>>>
It’s no surprise right now that the brick-and-mortar stores are on their last legs – all you have to do is follow the endless stream of upcoming store closures to know that.
The real problem is that the media heads are scaring everyone into thinking they need to dump their retail stocks.
But not all retailers are suffering…
The new issue
The total gross proceeds from the new issue are $55M. You can find some relevant information about the new preferred stock in the table below.
Source: Author’s spreadsheet
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) 8.20% Series A Cumulative Preferred Stock (NYSE:CHMI-A) pays fixed dividend at a rate of 8.20%. The new preferred stock carries....More>>>
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Related IDLV Come Together: Low Volatility Meets Equal-Weight In These ETFs Volume Spikes in Global Low Volatility ETF
The low volatility factor and the exchange-traded funds dedicated are spending plenty of time in the limelight this year. Much of attention heaped upon these ETFs....More>>>
In my very first MannKind article I offered for my SA readers, I made the following statement:
Wall Street gurus are always smarter than the retail investor that doesn’t do their homework.
I have mentioned several times that MannKind’s (NASDAQ:MNKD) management understands the reality and has done a remarkable job in keeping the company hooked up to a life support system....More>>>
June 5, 2017: The S&P 500 closed slightly lower on the day, at 2,436.18. Separately the DJIA closed down 0.1% at 21,184.45. The Nasdaq also closed down 0.16% at 6,295.68.
Overall Monday was a relatively flat day for the broad markets. Despite crude oil sliding lower on the day, oil & gas stocks were relatively mixed, with the likes of Exxon actually posting a solid gain. Mega-cap....More>>>
We went looking for the greatest companies outside the U.S. and came up with eight proven picks. Here’s one of them: Anheuser-Busch InBev (BUD). To make the list, the businesses had to have U.S.-traded shares and be industry leaders. They also had to possess substantial financial resources to weather rough economic times. Finally, we sought companies that had significant catalysts to drive....More>>>