Amicus spin-out and profit potential makes it takeout target, says Cowen 09:00 FOLD Shares of Amicus Therapeutics Inc.FOLD,-5.11%were up 5.6% in premarket trading on Thursday, the day after the company announced a deal to sell its gene therapy business to ARYA Sciences Acquisition Corp IVARYD,+0.90%,a special purpose acquisition company sponsored by Perceptive Advisors. Amicus will have a 36% stake in the new company, which will be called Caritas Therapeutics Inc. It will retain commercialization rights to the Fabry and Pompe gene therapy programs. Amicus chair and CEO John Crowley will become chair and CEO of the new company, while Bradley Campbell, Amicus' president and COO, will become CEO of Amicus. The deal is expected to allow Amicus, which also announced a $200 million investment from private investors, to become profitable in 2023. The transaction will close by early next year. Amicus' stock is down 58.1% so far this year, while the S&P 500SPX,+0.16%is up 15.5%.
I don't know if you are following all of this retail drama but as usual Van you have stuck your foot in a hornets nest. Five Below is Five below because everything cost $5 or less... I put $5 on every DoorDash order so it's tough to relate. But Dollar Tree store just had it's biggest up day ever because they decided to be $1.50 store. And what's funny there is that's logistics that's the tankers and the ports and everything I have been saying!! But god bless em' they spun this into how much more they were going to make at $1.50 an item. And indeed it's brilliant. Next announcement $2 store... So FIVE should get some action off this I would think being FIVE already better stuff than $1.50 right? But if we take the same shipping problems into account I would be careful with FIVE... So Is the answer is: to start our own retail chain and call it TEN.
I have to work out. Last time they all laughed at me. Apparently I make a lot of grunts and groans when I get worked out. Shouts, begging it's all there. Last time a shrill alarm went off fora few seconds and one of the other trainers said oh I thought that was stoney... then the whole room laughed... Back at the ladies Pilates place again today... (they have a universal weight machine) It feels like the world is ending Van. Lots of stuff going on lots of cross currents-- S_T_A_G_F_L_A_T_I_O_N
Having technical difficulties. My Firefox acting up. I can never seem to upgrade because I don't know my password. Every site says security risk which I'm sure they are but that's no reason to not allow me to visit. Van. Second Volcano today (Hawaii) is this how it all ends. Global warming.
Starting to turn here folks.. ADD-> Pure Storage, Inc. (PSTG) NYSE - Nasdaq Real Time Price. Currency in USD 25.49+0.21 (+0.83%) As of 2:08PM EDT.
Sonos, Inc. (SONO)-GBA Upgrade. NasdaqGS - NasdaqGS Real Time Price. Currency in USD 32.75-0.12 (-0.37%)
Key Points Sonos is raising prices by 6% to 13% this week, passing along recent cost increases. One analyst sees forward revenue estimates from his peers as conservative. That's an easy call to make, given Sonos' knack for "beat and raise" quarters. Sonos shares have popped nearly sixfold since its pandemic low last year, and the stock is probably not done. The increase averages 7.3% across the lineup. It's not a money grab on behalf of Sonos. Component and shipping costs are also moving higher, and this is a justifiable way to keep margins in check. With the updated pricing the $1.86 billion consensus revenue forecast for the new fiscal year that kicks off in two weeks -- translating into 8.5% top-line growth -- is too conservative. Given the "beat and raise" knack that Sonos has feasted on lately, that was probably going to be the case even if it didn't come firing with a pricing gun this week. $50 price target implies 38% of upside from Tuesday's close. Sonos has rattled off 15 consecutive fiscal years of annual revenue growth, and by the end of this month it will stretch that winning streak to 16 fiscal years of positive top-line moves. The guidance it offered in early August calls for 28% to 29% top-line growth for fiscal 2021, climbing to as high as 31% if you back out the extra week in fiscal 2020. If it seems like a buzzkill to have analysts go from expecting roughly 30% growth this fiscal year to just 8.5% for the upcoming fiscal year, pull up a chair, and let's take a brief trip back in time. Back in October of last year, when Sonos was delivering financial results for the fourth quarter of fiscal 2020, it was modeling only 9% to 13% in revenue growth for fiscal 2021. Three months later, Sonos was eyeing 15% to 19% in revenue growth, and it seems as if a quarter doesn't go by without an upward guidance revision. Sonos always finds a way to grow. It survived having the titans of tech aim at its audiophiles. It put out differentiated products and kept growing with a premium brand that commands respect in this widening niche. It also made the most of the pandemic by beefing up its consumer-direct business and rolling out new products to cash in on folks who were spending more time at home.
XPeng reaches milestone of 10,412 EV deliveries in September, Q3 deliveries rise 48% XPeng(NYSE:XPEV) recorded its highest-ever monthly deliveries in September 2021 of 10,412 Smart EVs, representing an increase of 199% Y/Y and a 44% increase over last month. The Company also achieved a quarterly record of 25,666 deliveries in Q3 2021, up 48% Q/Q and 199% over prior year. Deliveries in September consisted of 7,512 P7s, 2,656 G3 and G3i smart SUVs as well as 244 P5 smart family sedans which were officially launched on September 15. YTD total vehicle deliveries reached 56,404, a rise of 301% Y/Y. P7 deliveries in September were the highest monthly total since its launch and contributed 39,227 units to YTD deliveries in 2021.
Pull up a month daily... and chalk one up for the classic H&S breech. Edit.... Where you at Stoney!!!!?????