Hummmm. I might be ion to something.... Uniti Group upgraded to Strong Buy from Outperform at Raymond James 05/12 UNIT Raymond James analyst Frank Louthan upgraded Uniti Group to Strong Buy from Outperform with a $13 price target following "solid" Q1 results. Louthan believes the outlook for Uniti is significantly different in the aftermath of the Windstream settlement and last week's ruling, along with Windstream's path to emerging from bankruptcy. Unity--- Uniti Group Inc. (UNIT) 8.88+0.15 (+1.72%) VERY AUSPICIOUS !!! Those 8's are good luck in China.... I might try something crazy folks... I've got a $9 stk with $13 price targets....
Tons of debt-- Balance Sheet Total Cash(mrq) 109.33M Total Cash Per Share(mrq) 0.56 Total Debt(mrq) 5.31B Just sold Tower business... That's a hit sector... Woa UNIT is a REIT!-- 6.7% yield!!!!! Oh my... Dividend Date3 Jul 10, 2020<------ Oh my!!! Ex-Dividend Date4 Jun 25, 2020 Description Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of March 31, 2020, Uniti owns 6.3 million fiber strand miles, approximately 700 wireless towers, and other communications real estate throughout the United States.
THIS IS EXCITING!!!~ PR JUST =DROPPED Kenny Gunderman, President and Chief Executive Officer of Uniti, commented, “We are pleased that the Court has approved Windstream’s plan of reorganization. We expect Windstream will emerge from bankruptcy later this year with a significantly improved financial position, resulting in a stronger and healthier tenant. Our settlement agreement with Windstream adds significant strategic value for Uniti as it further expands and enhances the value of our national network, strengthens Windstream’s competitive position, and provides Uniti a clear path forward.” Mr. Gunderman continued, “As it relates to COVID-19, the effects of the pandemic on all of our businesses remain minimal, and we continue to focus on driving high margin, low churn, recurring revenue. Optimization of our highly valuable portfolio of assets has provided ample liquidity, and as we previously communicated, we do not currently expect there is a need to raise additional capital this year.”
I pulled this out of a transcript--- We're also announcing today improved terms for the previously announced sale of our U.S. towers. As you may recall, Uniti had an exclusive dough shop period to evaluate offers from other parties. Following this period, Uniti has now agreed to sell 90% of its U.S. tower business to Melody Investment Advisors while retaining a 10% investment interest. This transaction realizes significant value for Uniti, while allowing the company to own a meaningful interest in a scale wireless tower owner and operator.
-- Now turning to the capital structure. This morning, our Board declared a dividend of $0.15 per share to stockholders of record on June 26, payable July 10. We expect our Board will continue to evaluate our dividend policy, its key developments in Windstream's reorganization occur and order form Windstream's emergence from bankruptcy. Any decision to change our dividend policy will be made by our Board of Directors at the appropriate time. That's today folks.... 0.15 per share... and that's not what Yahoo finance says... 0.60 (6.76%) So they have cut their div.... by quite a bit... Folks in every investment if you look long enough you find a problem or two... A) Windstream is not a camper! B) Uniti is a REIT who has cut their div & has high debt.
Did I just waste an hour? That is the question. Well at least we have this-- Limelight Networks price target raised to $8.50 from $6 at Raymond James 07:37 LLNW Raymond James analyst Robert Majek raised the firm's price target on Limelight Networks to $8.50 from $6 and keeps an Outperform rating on the shares. Majek continues to believe the company's revenue growth potential is underappreciated and that Limelight trades at too large of a discount to its competitors.
WATCH) GILD & GNRC I have been itching to buy GILD even though it is a dangerous move. I just see this as a $90 stock when I close my eyes. That's not a good reason to invest though. GNRC I sold after a big run but nothing has changed... they are still entering the solar market and have their anchor in generators... it's a nice green not green combo...
Alright I have an idea... Combining Van's theory of housing and his mention of wood futures I immediately thought at ghe time of fake wood for decks and then i remembered that stock that had the Chinese fake wood that had poison in it (big surprise) but I have a weird theory of investing- when I'm thinking of of something and then I suddenly here a commercial ... I see it as a sign! in this case Floor & Decor... I just heard an adon the radio for Floor & Decor-- they are opening up... This national flooring company got its start just 20 years ago, yet is now sporting a market cap of nearly $6 billion and doing nearly $2 billion in sales a year. That’s quite a growth story compared to other housing stocks. Some of that has been its ability to move into areas where the competition was hurt during the 2008 financial crisis and take advantage of the low interest rates to grow its business. Since that era of low rates has only improved now, and there are millions of people sitting around staring out their flooring, business is booming once again. Plus, all the new construction means its commercial lines are also growing. FND stock is up 103% in the past three months, <--Oh Lawd.....but the stock is getting a bit expensive. Do ya think! However, if the recovery in the U.S. stays strong, its premium will be worth it in the long run. Stays strong it's weak as heck..... Floor & Decor's stock could have gained even more, but shares gave a little back after the company announced a secondary stock offering of 5 million shares on May 20. As it now stands, the stock price has recovered to around the point where it started in 2020. In this case, Floor & Decor's secondary offering allows a couple of funds to unload their stake in the company. Floor & Decor won't get any of the proceeds. This kind of selling is typical with newly public companies. Even though the company went public three years ago, this news shouldn't be viewed as anything out of the ordinary. Now what Floor & Decor's Q1 was good, but the upcoming second quarter will be a different story. In the last six days of March, comparable sales plummeted 46% from the same period in 2019, and sales remain sharply down. Other home-improvement retailers aren't seeing that kind of drop in sales, but then again they offer more general consumer-discretionary products. When the economy is struggling, flooring projects may not be high on homeowners' list of priorities. That said, management is hopeful purchases will quickly rebound in the coming months. In its recent conference call, it noted that sales of flooring samples have increased, suggesting flooring projects are on the horizon and Floor & Decor is still top-of-mind for consumers. Berenberg starts 'low-cost leader' Floor & Decor at Buy 06:46 FND As previously reported yesterday, Berenberg analyst Alex Maroccia initiated coverage of Floor & Decor with a Buy rating and $74 price target. The company has set itself apart with its low-cost leadership and focus on professional customers, giving it an opportunity to more than triple its store footprint in upcoming years, Maroccia argued. Given its "substantial" U.S. growth potential and "margin-friendly" distribution center layout, he sees Floor and Decor as a more compelling investment than its peers, the analyst added. Floor & Decor price target raised to $65 from $60 at Wedbush 08:18 FND Wedbush analyst Seth Basham raised the firm's price target on Floor & Decor to $65 from $60 and keeps an Outperform rating on the shares. The analyst says that a new round of checks with independent flooring retailers indicates that sales momentum has persisted into June, with most retailers reporting flat-to-positive year-over-year growth in recent weeks. Importantly, in the Southeast region that "reopened" first, checks indicate that initial sales strength from pent-up demand as stores reopened has given way to building new flooring project pipelines as homeowners shift spending to the place they are spending more time, he adds. Basham sees this region as an important leading indicator for other regions. While concerns remain around fading stimulus check benefits, elevated unemployment and rising coronavirus cases, the analyst turns more sanguine on the the second half of 2020 outlook due to spending shift and housing strength that could persist with housing affordability support from low mortgage rates and the extended qualified mortgage patch.
I totally need a new deck. It's warped and the floorboards are all popping up. 3. Floor & Decor Holdings: Boring is OK, too Floor & Decor Holdings is just a boring old brick-and-mortar home-improvement retailer. Its plan to enrich shareholders? Grow from 123 locations today to 400 within 15 years. This could be a cash-flow machine long term. Consider that it generated over $500 million in first-quarter net sales with just these 123 stores, and it recorded a 7% net-profit margin despite the costs of its rapid build-out. Floor & Decor isn't immune to the coronavirus. Whilecomparable salesgrew 2.4% in Q1, they plummeted 46% during the last six days of the quarter. In April, comp sales were down 50% from last April. As bad as this is, it's not a long-term demand issue. The company had to close many stores, and e-commerce isn't practical for heavy flooring. Floor & Decor has the liquidity to survive this time, and there's evidence of pent-up demand. Management said in the Q1 conference call that there's been a "surge" in sales of samples. It suggests that customers are still thinking about updating their floors, and once life returns to normal, F&D's sales will quickly return. This is a company with a history of strong revenue and earnings growth poised to continue. Floor & Decor stock may only be 8% down from its all-time highs, but I believe there's still plenty of enriching upside left for those willing to hold for a decade or more. <--- Yikes decade... dude Christmas if we are lucky!!!! Well this is an interesting idea... Van?
9:10 My top idea I think is getting back into GNRC.. It's at $114..... But If things get defensive I want to go with GILD. Then I am waiting on this Flor & Decor idea.... someone here help me out... It's a pretty tough chart read-- $55 now.... $57 B/O Heading to all time 5 year highs. Also trading above a lot of traffic from where it traded before all of the madness... $48-$50 area so that' nice nice support//// But rally seems to be fading -- My uptrend analysis (rolling papers) says PT- $ 70. Anyone agree... Calling all Elite traders