7/28--- Lamb Weston earnings selloff a buying opportunity, says JPMorgan 07/28 LW JPMorgan analyst Thomas Palmer lowered the firm's price target on Lamb Weston to $83 from $92 and keeps an Overweight rating on the shares. Following a fiscal Q4 beat but a cautious tone on near-term margins, Lamb Weston shares were down 13% yesterday, Palmer tells investors in a research note. The analyst appreciates that an unfavorable cost environment is likely to pressure the company's near-term results by more than expected. However, higher costs are not exclusive to Lamb, and the extent of the drop is surprising given the company's rebound in volumes, confident tone on pricing, and expectations that gross margin will return to pre-Covid levels in the second half of 2022, Palmer says. As such, he sees the selloff as a buying opportunity. 7/27 Lamb Weston sees FY22 revenue above low-to-mid single digits, consensus $3.59B 07/27 LW Sees FY22 effective tax rate 23%-24%. The company said, "The Company expects fiscal 2022 net sales growth will be above its long-term target of low-to-mid single digits. The Company anticipates net sales growth in the first half of fiscal year 2022 will be driven largely by higher volume, reflecting an ongoing recovery in frozen potato demand, as well as a comparison to relatively soft shipments in the prior year. The Company expects net sales growth in the second half of its fiscal year will reflect more of a balance of higher volume and improved price/mix as recent pricing actions are fully implemented in the market, and as sales volumes in higher-margin channels approach pre-pandemic levels. The Company expects net income and Adjusted EBITDA including unconsolidated joint ventures to be pressured during the first half of fiscal 2022. The Company expects volatility in the broader supply chain as the overall economy continues to recover from the pandemic's impact, and anticipates significant inflation for key production inputs, packaging and transportation compared to fiscal 2021 levels. In addition, the Company expects continued investments in its manufacturing, supply chain, and commercial operations will increase operating expenses in the near term, but remains confident that these investments will improve its ability to support growth and margin improvement over the long term. While the ongoing impact of the pandemic is uncertain, the Company anticipates that earnings will gradually normalize in the second half of fiscal 2022 as manufacturing and distribution operations stabilize, and as price/mix improves." In July Van the stk fell from $79n area This call by JPMorgan was made at $66 & the stk continued down to $60 I wonder whether JPis going to stick their neck out again? Has the co changed it's tune on: sees FY22 revenue above low-to-mid single digits, consensus $3.59B
SLINGERBAG ENTERS BRAZIL! BALTIMORE, Oct. 07, 2021 (GLOBE NEWSWIRE) --Slinger Bag(OTCQB:SLBG)("Slinger"or the"Company"), a sports brand focused on innovating game improvement technology and equipment, with the vision to become a connected sports company, today announced its entry into the Brazilian tennis market through an exclusive distribution partnership with DLD. Founded in 1994, DLD is a sporting goods import and trading company and currently represents leading tennis brands such as HEAD and PENN in Brazil, specializing in national distribution and marketing. “We are thrilled to finally enter the Brazilian tennis market with our new partners at DLD,”saidMikeBallardie, CEO of Slinger.“We are constantly asked by tennis enthusiasts when the Slinger Bag is coming to Brazil, and we now look forward to introducing our ball launcher, app and future technologies to them. Their longstanding relationships with iconic tennis brands was a driving factor in us selecting them as our Brazilian distributors.” The Slinger Bag has quickly become one of the most sought-after consumer tech products in tennis, receiving widespread acclaim in the process and is now sold in 60+ countries on five continents and has achieved distribution deals worth over $250M over the next five years. There are over two million tennis players in Brazil, and there are over 70,000 tennis clubs across the country.1 “We are excited to add Slinger to the great group of tennis and sports brands we bring to Brazil,”said Paulo DeTarso, CEO of DLD.“This product is revolutionary and will provide tennis enthusiasts across the country with a unique experience on the court, regardless of their playing ability. We have not seen a product like the Slinger Bag come into tennis in many, many years. There is a lot of excitement among tennis players in Brazil for it.” Brazilian doubles tennis legend Bruno Soares, a six-time Grand Slam champion in doubles and avid Slinger Bag user, is looking forward to introducing Slinger to his home country. “It is very exciting to see Slinger come to my home country of Brazil,”said BrunoSoares.“The Slinger Bag is something I use in my own training, and I love how easy it is to use and travel with. I think it is going to have a big impact on all levels of tennis in Brazil, especially at the grassroots level and with new players. It’s such a popular sport in the country and I look forward to doing whatever I can to help build excitement around the Slinger brand in Brazil.”
here LW is down on low volume, I knew it would drop, I didn't think this much. I'm in 57.50 Ugly quarter. I'm gonna bail out, at a loss i'm sure.
you can get Muttley one for Xmas. She'd love it. Did you see Elon's dog? That's a cool looking dog. Someone named a crypto after it, or vice-versa.... and it went up 800% yesterday.
Beam Global receives first US Marine Corps order for EV ARC charging systems 08:25 BEEM Beam Global announced that the U.S. Marine Corps has placed a first order for 21 EV ARC solar-powered EV charging systems to be deployed across 14 Marine Corps bases in the continental U.S. and Hawaii to support Executive Order 14008 on Tackling the Climate Crisis at Home and Abroad. The Marine Corps' EV ARC systems are off-grid and powered by renewable energy, generating and storing their own clean electricity. Each system is equipped with two EV chargers that are factory integrated at Beam and is delivered as a turnkey sustainable charging system that can power EVs, day or night, and during inclement weather and power outages. The transportable but permanent units include the Emergency Power Panel option for use during blackouts or in locations where there is no utility connection available. Requiring no connection to the utility grid, EV ARC systems also serve as energy resiliency and energy security assets that can be relocated to charge vehicles in the event of power failures, natural disasters or emergency situations. "The Federal Government is affirming that the electrification of transportation in the U.S. is vital to improving our economy, competitive position, national security and public health. EV ARC systems are the fastest deployed and most scalable sustainable EV charging infrastructure solution and require no construction, no electrical work and generate no utility bill," said Beam Global CEO Desmond Wheatley. " Hummmm-> Love the idea od an EV charge port ALSO being a generator!!!<--- !!! genius. That's not what these do as I read it BUT<-- That's an idea worth pursuing. Cytokinetics to hold analyst and investor day 08:25 CYTK<---------
Silicon Motion sees Q3 revenue slightly exceeding high-end of guidance 08:18 SIMO Don't Let The Door Hit You On the way OUT! Cathie Wood’s ARK Departs NYC With Shift to Florida Office 1/ 2 Cathie Wood’s ARK Departs NYC With Shift to Florida Office Bloomberg) -- ARK Investment Management, the firm run by Cathie Wood, is joining the financial industry’s shift south to Florida. Most Read from Bloomberg Left-Wing Rage Threatens a Wall Street Haven in Latin America Before Interstates, America Got Around on Interurbans How Singapore's $50 Billion Financial District Will Change After Covid-19 Christmas at Risk as Supply Chain ‘Disaster’ Only Gets Worse Reshaped by Crisis, gummybear advisors shine on ARK is closing its New York office permanently at the end of October and relocating its corporate headquarters to St. Petersburg, according to a statement on Wednesday. The firm, which has roughly three dozen employees, also announced it will build an innovation center meant to “retain and attract top talent” in the Tampa Bay region. Florida has seen a burst of interest from investment firms since the start of the pandemic as the work-from-home revolution pushes companies to reconsider their presence in pricey business hubs such as New York and San Francisco, with much of that interest in Palm Beach and Miami. “ARK is not a traditional Wall Street asset-management firm,” Wood said in the statement. “We are looking forward to breaking the mold further by relocating to St. Petersburg.”<-- LOSER! You can rub elbows with my brother-in-law....
A) Urban-Gro to acquire MJ12 Design Studio for $9.1M 06/29/21 UGRO urban-gro announced that it has agreed to acquire MJ12 Design Studio and parent company, 2WR+ Partners. urban-gro will fund the transaction of $9.1M through a combination of cash and UGRO common stock, including contingent consideration of up to $2M based on achievement of certain performance metrics. The company expects the transaction to be accretive to earnings in its current fiscal year. Urban-Gro completes acquisition of MJ12 Design Studio 08/02 UGRO B) Urban-Gro enters strategic partnership with XS Financial 09:15 UGRO, XSHLF urban-gro (UGRO) and XS Financial (XSHLF) have entered into a strategic agreement allowing for XS Financial to provide urban-gro clients with CAPEX leasing solutions and XSF customers with access to urban-gro's vendors and enhanced purchasing power. "In response to our client's request to provide financing solutions, I am excited to launch our new Financial Services division, and our strategic alliance with XS Financial further strengthens our purchasing power with leading horticulture manufacturers, and allows us to continue to exceed client's expectations," says Bradley Nattrass, Chairman and CEO of urban-gro, Inc. "In addition to strengthening the value of the solution that we provide our clients, we believe XS Financials' competitively priced access to capital for operators will broaden our reach within the cannabis and food-focused indoor CEA market and further assist in minimizing and eliminating supply chain delays." C) ?