This is actually determining where we send our son to college. We explained to him last night that California is a horror show that is running out of water and the rioting is going to be intense. There is a whole Town that it's wells have run dry they are not telling this info to panic people but water is ALREADY BEING trucked IN TO ONE TOWN FOR OVER A MONTH... The water is so low Van I am really freaking out.... The Colorado river is very shallow.... Now of course you know I have an idea here. But it's controversial as heck. All my investing life I have been thinking about Cadiz Land. Often accused of being a fraud stk. It is un- buyable. Cadiz has these aquafilters these under the ground water supplies where the Colorado has leaked over the millennia they claim to be able to recoup that water and pump it out. Many law suits over the years and no progress.. BUT IF THINGS REALLY GET MESSY... might they look under the Colorado river-? CDIZ<-- symbol in the old days I have to double check.
Help me get into an Olympic thread-! I would love one last big killing (XAIR) and then Boom Shut off the lights... Book It Danno!
Watch these guys Van. They are in competition with ATOS for a nasal spray to prevent Covid. Virpax Pharmaceuticals(NASDAQ:VRPX)has added ~18.9% in the pre-market in above-average volume, early trading data indicate. Approximately ~1.0M Virpax shares have changed hands compared to the average 65-day volume of 869.2K shares. Virpax, a preclinical stage biopharmaceutical company, gained more than a tenth last Wednesday after announcing its plans to begin pre-IND studies for several of its drug candidates. MMS019, for which the company has submitted a pre-IND briefing package to the FDA, is an intranasal molecular masking spray. It is undergoing studies as an anti-viral barrier that could be used as an adjuvant to barrier-based personal protective equipment, the company said. As indicated in the graph, Virpax that went public in February has underperformed the broader market over the past 90-day period.
rotflmao.... Only Stoney could find a stock that has something to do with secret hidden water under the Colorado River. That one is better than my Joe DiMaggio baseball bat stock. Friggin boiler rooms.
Lets keep an eye on this hotel operator. PK Park Hotels & Resorts(NYSE:PK) has entered into two separate, definitive contracts to sell the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio, Autograph Collection for total proceeds of $303.5M, or an average sale price of ~$572,000 per key. When adjusted for Park's anticipated capital expenditures, the blended sale price represents a 6.1% capitalization rate on 2019 net operating income, or 14.4x 2019 EBITDA. Gross proceeds for the Le Meridien San Francisco are $221.5M, or ~$615,000/key. Gross proceeds for the Hotel Adagio are $82M, or ~$480,000/key. The two disposition is expected to close within the next 60 days. Following the dispositions of both hotels, Park's exposure to San Francisco will decrease by 210 basis points to 14.6% based on 2019 pro-forma Hotel Adjusted EBITDA. Net proceeds from the sales will be used to partially repay debt currently outstanding on its one remaining bank term loan. Pro forma for the repayments, the Company expects to have ~$80M of corporate bank debt outstanding. Concurrently, the company provides operational update: The Company says it continues to witness encouraging improvements in demand, and now expects to break-even at the corporate level in June-an improvement from the $15M burn rate achieved in May. Occupancy at its 50 consolidated hotels increased from 32.6% in March to an estimated 49.8% in June, while reaching an estimated 59% for hotels opened for the entire month of June. Top performing markets during the month of June included Key West, 91.8% occupancy, Hawaii, 85.5%, and Southern California, 75.3%. Park also announced that the Company reopened the 1,544-room Hilton Chicago on June 10th, bringing its total open portfolio to 54 out of 57 hotels, accounting for 90% of the Company's total room count. The Company's three remaining suspended hotels are currently expected to reopen over the next several months as demand recovers.
I expect to read a l lot of earning reports that say this: Voxx International down 6% after predicting increased supply chain costs and shipping delays Jul. 12, 2021 6:18 PM ET VOXX International Corporation (VOXX) "We expect higher supply chain costs and shipping delays to impact the fiscal second quarter, and we still anticipate growth, but less than initially anticipated," commented Pat Lavelle, President and CEO. Voxx has raised prices to counteract increasing supply costs. We have this cycle right? Where everything is passed down to the consumer...
I Used GVA Granite as my infrastructure play but I could of just as easily used these guys: Tutor Perini's subsidiary begins work on $152M courthouse facility in Santa Rosa Jul. 13, 2021 8:46 AM ETTutor Perini Corporation (TPC) Tutor Perini Corporation(NYSE:TPC) said its subsidiary Rudolph and Sletten received notice to proceed for a new $152M courts facility for theJudicial Council of California in Santa Rosa. The new courthouse will provide a modern, secure facility with 15 courtrooms totaling 169,147 building gross square feet. This high-rise project of six stories above ground and a basement level will replace the existing deficient courthouse and create operational efficiencies and ongoing savings through consolidation of current court services. The company said construction began in June, with completion expected in July 2023. The contract value is included in the company’s second-quarter 2021 backlog.
FTV- We should watch this today. They made a purchase yesterday and have a conference call today maybe to sell the idea.... This stk is repressed-- I owned it prior, just never could get momentum.... But worth $90+ (before this deal) Fortive to buy ServiceChannel in $1.2B deal Jul. 12, 2021 4:27 PM ETFortive Corporation (FTV) Fortive(NYSE:FTV)agrees to acquireSaaS-based multi-site solutions provider ServiceChannel from Bayard Capital and Accel Partners for ~$1.2B. Fortive expects ServiceChannel to generate $125M of revenues in 2021. "ServiceChannel fits extremely well alongside Accruent and Gordian, broadening our offering of software-enabled solutions for the Facility and Asset Lifecycle workflow, "Fortive President and CEO James Lico says. Also, Fortive says it estimates Q2 total revenue growth of ~25% with core revenue growth of 20%, and adjusted operating profit margin to come in ahead of prior guidance.