Buying – Grover Chamber http://groverchamber.com/ Sat, 18 Sep 2021 13:15:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://groverchamber.com/wp-content/uploads/2021/05/default.png Buying – Grover Chamber http://groverchamber.com/ 32 32 AMC alludes to the GameStop partnership. Should you buy their stock? https://groverchamber.com/amc-alludes-to-the-gamestop-partnership-should-you-buy-their-stock/ https://groverchamber.com/amc-alludes-to-the-gamestop-partnership-should-you-buy-their-stock/#respond Sat, 18 Sep 2021 12:15:00 +0000 https://groverchamber.com/amc-alludes-to-the-gamestop-partnership-should-you-buy-their-stock/ Would have AMC Entertainment Holdings (NYSE: AMC) in partnership with GameStop (NYSE: GME) really lead to an interesting collaboration that could buy one or the other company? Or is it just a little fan service that isn’t going anywhere? At first glance, the idea of ​​two bankrupt companies joining forces and somehow coming out stronger […]]]>

Would have AMC Entertainment Holdings (NYSE: AMC) in partnership with GameStop (NYSE: GME) really lead to an interesting collaboration that could buy one or the other company? Or is it just a little fan service that isn’t going anywhere?

At first glance, the idea of ​​two bankrupt companies joining forces and somehow coming out stronger seems far-fetched. Both companies are in decline, and were it not for the stock market frenzy that had gripped their stocks, both would likely be much closer to bankruptcy right now.

Still, scratch a little more and an argument can be made that the two companies could benefit from the synergies derived from the collaboration.

Image source: Getty Images.

Ready, ready, wait

Investors were teased with the idea last month when AMC CEO Adam Aron told analysts the partnership with GameStop was one of the most frequently asked questions by shareholders. He wanted them to know he was “on the case,” even though he had yet to contact GameStop CEO Matt Furlong or Chairman Ryan Cohen.

But Aron has apparently taken action since. He told Fox Business Network’s Liz Claman in a recent interview that AMC had contacted the video game retailer about a partnership, talks are underway, but it was too early to go into details on what a collaboration would look like.

But what would a partnership look like?

The players applaud

Players cheer during a competition. Image source: Getty Images.

Bring esport to the big screen

The most natural solution seems to be the streaming of game tournaments in theaters. This is something that AMC has experience in through Fathom Events, a company in which it has a third party stake. Fathom broadcasts alternative entertainment on the big screen, such as performances at the Metropolitan Opera, sporting events and comedy shows. Aron sees it spreading to other areas, including video game events.

He said on the AMC earnings conference call: “But I think there’s a real opportunity here and we’re going to chase it, the same with sports, the same with gambling. really has an opportunity here to find a new source of income that AMC has never tapped before. “

With GameStop also changing direction to become an increasingly digital native and immersed in the growing esports space, the idea of ​​a theater providing a venue to view these events has merit. It is the execution of the concept that could be difficult.

Watching video games on the big screen may not be as enjoyable as watching them in more intimate environments, such as on a computer or big screen TV, where they are more often enjoyed when not in use. this is not a live and in person event.

Additionally, we still haven’t escaped the restrictions the pandemic has placed on our daily activities, including going to the theater and competitive games. Movie theaters may not be the kind of venue that offers enough capacity to make it appealing to gamers, viewers or AMC and GameStop themselves.

People wearing social distancing masks in theater

Image source: Getty Images.

GameStop goes slow

GameStop is also much more cautious about its plans than AMC, which has fully embraced its memes stock status and is openly courting the WallStreetBets crowd. Even on its earnings conference call, GameStop didn’t answer any questions.

This effort is being led by AMC, and it could be telling, as it’s in a much more precarious financial situation than GameStop, which means it might be more willing to throw weird ideas on the wall to see if they stick.

The video game retailer has paid off nearly all of its debt, has a substantial horde of cash flow, and might not be as willing to make larks as Aron. AMC, on the other hand, while it has $ 2 billion in cash on hand, also carries $ 5.6 billion in debt.

As my colleague from Motley Fool, Sean Williams, recently pointed out, AMC also has billions of dollars in lease payments and other obligations ahead that could be difficult to pay.

Game over?

I will not completely dismiss an AMC-GameStop partnership as having some value. It might even be successful if it comes to fruition.

The problem is, this isn’t likely to happen anytime soon, so it won’t help any business get out of its current predicament. This means that investors shouldn’t take this as a reason to buy either stock.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.



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Biden administration negotiates purchase of 500 million doses of Pfizer for overseas https://groverchamber.com/biden-administration-negotiates-purchase-of-500-million-doses-of-pfizer-for-overseas/ https://groverchamber.com/biden-administration-negotiates-purchase-of-500-million-doses-of-pfizer-for-overseas/#respond Fri, 17 Sep 2021 22:07:12 +0000 https://groverchamber.com/biden-administration-negotiates-purchase-of-500-million-doses-of-pfizer-for-overseas/ The Biden administration is negotiating with Pfizer to purchase an additional 500 million doses of the coronavirus vaccine to be donated overseas, which would bring the total number of planned donations to 1.15 billion doses – about a tenth of global needs – according to two people familiar with the plan. The duration of the […]]]>

The Biden administration is negotiating with Pfizer to purchase an additional 500 million doses of the coronavirus vaccine to be donated overseas, which would bring the total number of planned donations to 1.15 billion doses – about a tenth of global needs – according to two people familiar with the plan. The duration of the donation was not immediately clear.

The deal is not yet final, but talks come just in time for a global summit on Covid-19 that Biden will host on the sidelines of the United Nations General Assembly meeting next week. The president will use the summit to convince other countries to put aside national demands and instead focus on sending vaccine doses to poor countries dependent on vaccine donations.

Separately, White House officials, speaking on condition of anonymity to preview an official summit announcement later on Friday, said Mr. Biden’s message to other nations would be that the United States cannot and must not do it alone, and that all nations must honor existing commitments.

The talks with Pfizer, which were reported without details earlier in The Washington Post, also comes as Mr Biden comes under fire for offering booster shots for Americans already vaccinated when citizens of poor countries have not even received their first doses. A Food and Drug Administration scientific advisory committee on Friday recommended booster shots for recipients of the Pfizer-BioNTech coronavirus vaccine aged 65 or older or at high risk of severe Covid-19, at least six months after the second injection. The move came shortly after the panel overwhelmingly recommended not approving a Pfizer booster for people 16 and older.

Jeff Zients, Mr Biden’s coronavirus response coordinator, declined to give details of the talks, saying only that how to help the 100 countries that need it most would be “a big topic of conversation” during the conference. United Nations meeting.

The World Health Organization has called on world leaders to refrain from rolling out boosters at least until the end of the year, with the goal of vaccinating 40% of the world’s population first. Its experts, and others, have said that a much more aggressive – and comprehensive – approach to tackling the global pandemic is needed.

“A piecemeal approach favors those who can most easily pay,” Dr Kate O’Brien, WHO’s top vaccine expert, told reporters earlier this week. Without naming the United States, she noted that some countries “are moving forward with recall programs where we see no evidence that would support a need for large-scale recall programs in the general population. And at the same time, others have not even started to sufficiently immunize health workers or high-risk groups. “

The summit, which Biden plans to convene on Wednesday, will be the largest gathering of heads of state dedicated to tackling the coronavirus crisis. Previous gatherings have included much smaller leadership groups, such as the Group of 7 Nations.

White House officials have said Mr Biden aims to inject a new sense of urgency in the fight against the pandemic, as well as to “create a bigger tent” of people and groups determined to end the pandemic. pandemic. Pharmaceutical manufacturers, philanthropists and non-governmental organizations are invited to participate.

Officials said Biden wanted to forge consensus around a broad framework for action, including specific goals for immunization. Officials offered few details, saying specific goals were still under discussion.

However, the White House sent a draft document to summit guests earlier this week that called for the immunization of 70 percent of the world’s population by the time the UN meets again in September next year.

Experts have estimated that 11 billion doses are needed to achieve broad global immunity against the coronavirus. The United States has already pledged to send more than 600 million doses overseas and is working to ramp up manufacturing there and abroad, particularly in India.

But global health advocates say donating doses is not enough. They want Mr Biden to work on setting up manufacturing centers in many other countries and lobby vaccine makers to share their technology in a large-scale plan similar to the one in the world. old President George W. Bush created to fight the global AIDS epidemic.

White House officials who discussed Mr. Biden’s summit plan have insisted the United States can do both. In an interview earlier this week, Dr Anthony S. Fauci, Mr Biden’s chief advisor on the coronavirus – and a driving force behind Mr Bush’s emergency plan to fight AIDS – said that the he administration was determined to do more.

“We are trying to figure out what is the best way to launch a really effective program,” said Dr Fauci, noting that building manufacturing plants overseas might be a reasonable step to prepare for future pandemics, but that could not happen. quickly enough to end this one. “We want to do more, but we are trying to determine what is the right and the best approach. “

Achieving specific global immunization targets has so far proven difficult. Covax, the UN-backed vaccine distribution program, announced this month that it would not be able to meet its forecast of doses available in 2021. So far, only 20% of people in poor and middle-income countries have received at least one dose of a Covid vaccine.


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Spain’s Grifols buys rival Biotest for up to $ 1.9 billion https://groverchamber.com/spains-grifols-buys-rival-biotest-for-up-to-1-9-billion/ https://groverchamber.com/spains-grifols-buys-rival-biotest-for-up-to-1-9-billion/#respond Fri, 17 Sep 2021 07:12:00 +0000 https://groverchamber.com/spains-grifols-buys-rival-biotest-for-up-to-1-9-billion/ Grifols’ drug is on display at its headquarters in Sant Cugat del Valles, near Barcelona, ​​Spain on May 25, 2018. REUTERS / Albert Gea MADRID, September 17 (Reuters) – Spanish pharmaceutical company Grifols (GRLS.MC) has agreed to buy a majority stake in Biotest (BIOG.DE) and to make an offer for the remainder of its shares […]]]>

Grifols’ drug is on display at its headquarters in Sant Cugat del Valles, near Barcelona, ​​Spain on May 25, 2018. REUTERS / Albert Gea

MADRID, September 17 (Reuters) – Spanish pharmaceutical company Grifols (GRLS.MC) has agreed to buy a majority stake in Biotest (BIOG.DE) and to make an offer for the remainder of its shares as part of a deal that would value its German rival at 1.6 billion euros ($ 1.9 billion).

Grifols, which manufactures drugs based on blood plasma, announced Friday that it has reached an agreement with Tiancheng International Investment to buy the majority stake of the Hong Kong company in Biotest for 1.1 billion euros. He also offered to buy the remaining shares traded on the Frankfurt stock market.

The Barcelona-based company has agreed to buy 89.88% of Biotest’s ordinary shares which carry voting rights, but which only represent 44.54% of the company’s capital, and an additional 0.54% of the capital in non-voting preferred stock in Tiancheng. .

Grifols will then offer Biotest minority shareholders 43 euros per ordinary share and 37 euros per preferred share.

The agreement “will expand our existing portfolio of plasma-derived therapies and accelerate the development of new products,” Grifols CEO Raimon Grifols Roura said in a statement.

It will also strengthen Grifols’ capacity to collect plasma, a bottleneck for its development, thanks to Biotest’s 26 European plasma centers.

($ 1 = € 0.8495)

Reporting by Inti Landauro Editing by David Goodman and Mark Potter

Our standards: Thomson Reuters Trust Principles.


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Metroid Dread pre-order bonus, editions and where to buy https://groverchamber.com/metroid-dread-pre-order-bonus-editions-and-where-to-buy/ https://groverchamber.com/metroid-dread-pre-order-bonus-editions-and-where-to-buy/#respond Thu, 16 Sep 2021 20:32:00 +0000 https://groverchamber.com/metroid-dread-pre-order-bonus-editions-and-where-to-buy/ Metroid Dread is one of the most anticipated Nintendo Switch games of 2021, marking the first brand-new 2D Metroid game since 2002’s Metroid Fusion. October 8, which means there’s not much time left before Metroid fans can get back into the action as bounty hunter Samus Aran. Pre-orders for Metroid Dread have been open for […]]]>

Metroid Dread is one of the most anticipated Nintendo Switch games of 2021, marking the first brand-new 2D Metroid game since 2002’s Metroid Fusion. October 8, which means there’s not much time left before Metroid fans can get back into the action as bounty hunter Samus Aran. Pre-orders for Metroid Dread have been open for a while now, and if you haven’t secured your copy of the game yet, there are pre-order bonuses available to do so. The Metroid Dread Special Edition and Amiibo are still in high demand and hard to find in stock, but it’s possible we may see them reappear around launch. You can check availability and see all of the retail exclusive pre-order bonuses for Metroid Dread below.

Read more: Metroid Dread Creator Tells Us What To Expect From Nintendo’s Biggest Fall Game

Metroid Dread Pre-Order Bonus

With Metroid Dread pre-orders, Best Buy offers tech decals that can be placed on your phone or laptop.

Best buy

Metroid Dread doesn’t have any general pre-order bonuses, but there are a few retailer-exclusive bonuses available for the physical edition. You can check them out below.

Amazon

The Standard Edition of Metroid Dread is available for physical or digital pre-order for $ 60. You will also receive all applicable pre-order bonuses.

Pre-order digitally: Nintendo Online Store | Amazon | Best buy

Best buy

The Metroid Dread Special Edition has been in high demand since it was announced, and as a result, it’s often sold out everywhere. As the game’s release date draws closer, it’s possible that we may see the Special Edition restocked, either in the days leading up to launch or on release day. We suggest that you keep an eye on retail listings.

In addition to a physical copy of the game itself, the Special Edition comes complete with a steel case, five high-quality art cards with key artwork for each 2D Metroid game, and a 190 art book. pages covering the entire 2D Metroid saga.

Amazon

Nintendo is releasing a two-pack of $ 30 Amiibo alongside Metroid Dread. Scanning them unlocks various bonuses in the game. The Samus figure gives you an extra energy reservoir to increase your health by 100, and you can tap it again to receive health once per day. The EMMI figure gives Samus a Missile + tank to increase his missile capacity by 10; press it again and you will be able to replenish missiles once a day. Like the Special Edition, the Metroid Dread Amiibo two-pack is regularly out of stock, but it could be available again at launch.


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2 smart growth stocks to buy now https://groverchamber.com/2-smart-growth-stocks-to-buy-now/ https://groverchamber.com/2-smart-growth-stocks-to-buy-now/#respond Wed, 15 Sep 2021 10:06:00 +0000 https://groverchamber.com/2-smart-growth-stocks-to-buy-now/ Many companies are stepping up their digital transformation efforts in the wake of the pandemic. They adopt new technologies and modernize outdated processes in an effort to bring value to their customers. Of course, this doesn’t happen overnight, and it doesn’t come cheap. Between 2020 and 2023, global companies will spend $ 6.8 trillion on […]]]>

Many companies are stepping up their digital transformation efforts in the wake of the pandemic. They adopt new technologies and modernize outdated processes in an effort to bring value to their customers. Of course, this doesn’t happen overnight, and it doesn’t come cheap.

Between 2020 and 2023, global companies will spend $ 6.8 trillion on digital transformation, according to International Data Corp. This puts investors in front of a great opportunity. With that in mind, these tech companies play a key role in helping their customers adapt to digital work, and both look like smart long-term investments.

Image source: Getty Images.

1. Pager service

More and more businesses are engaging with consumers through digital channels, which means it’s critical that websites, mobile apps, and various other technologies stay up and running at all times. Pager (NYSE: PD) specializes in managing digital operations, acting as a central nervous system for the modern business.

Specifically, its platform sits at the center of a company’s digital ecosystem, ingesting data from virtually any software-enabled system and device. PagerDuty relies on artificial intelligence to analyze these signals, helping customers predict and avoid costly downtime. When issues are identified, the platform automatically corrects them or alerts the appropriate team members and provides them with the necessary information.

As a pioneer in the industry, PagerDuty has an advantage over its competition. The company has nearly 12 years of data, and each data point improves its AI models to predict incidents and automate their resolution. This advantage has been a major driver of growth. Over the past two years, PagerDuty has shown impressive results – and while free cash flow remains negative, things are moving in the right direction.

Metric

Q2 2020 (TTM)

Q2 2022 (TTM)

TCCA

Returned

$ 142.7 million

$ 244.2 million

31%

Free movement of capital

($ 7.5 million)

($ 6.4 million)

N / A

Source: Ycharts. TTM = 12 rolling months. CAGR = compound annual growth rate. Note: Q2 2022 ended July 31, 2021.

PagerDuty may not be a household name for many investors, but over the past quarter the company has expanded its relationships with several notable clients, including Datadog, NVIDIA, and Snowflake. PagerDuty is also gaining ground outside of its core geography, as international revenue now accounts for almost 25% of total sales, up from 20% in Q2 2018.

It is good to see the company implementing a solid growth strategy. And management assesses the market opportunity at $ 25 billion, leaving PagerDuty plenty of room to operate in the years to come. This is why this growth action looks like a smart buy.

2. Sales force

As more businesses strengthen their digital presence, consumers are faced with an unprecedented number of choices for just about everything: where they eat, where they shop, what to watch and more. . For this reason, it is now more important than ever for businesses to build and maintain strong relationships with their customers.

Salesforce.com (NYSE: CRM) is the best in the industry when it comes to customer relationship management (CRM). Its cloud-based software platform is designed to improve sales, service, marketing and commerce, helping every department deliver a great customer experience in all situations.

Salesforce also relies on artificial intelligence to help its customers work more productively. For example, AI helps sales agents identify promising leads, helps service agents create smart chatbots, and helps marketing teams create personalized content.

However, if you only know one thing about Salesforce, it should be this: The company has a 19.5% market share in the CRM industry, more than the next four competitors combined. This dominance has helped Salesforce grow quickly. In fact, the company generated $ 20 billion in revenue faster than any other software-as-a-service provider in history. And despite its market cap of $ 252 billion, this company continues to show strong double-digit growth like clockwork.

Metric

Q2 2020 (TTM)

Q2 2022 (TTM)

TCCA

Returned

$ 14.7 billion

$ 23.5 billion

26%

Free movement of capital

$ 3.2 billion

$ 5.5 billion

31%

Source: Ycharts. TTM = 12 rolling months. CAGR = compound annual growth rate. Note: Q2 2022 ended July 31, 2021.

Salesforce recently completed the acquisition of Slack, a business communications platform. If its past success with mergers is any indication, this move will be another stroke of genius. Salesforce acquired integration specialist MuleSoft in 2018 and analytics specialist Tableau in 2019, and both have gained traction with customers.

Now, with Slack as the new interface for the Salesforce Customer 360 platform, customers can more easily connect with each other, with their customers and with their partners. That’s why it seems like now is the time to add this growth stock to your portfolio.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Column: Asian and European LNG buyers have increased their prices, but flows remain stable https://groverchamber.com/column-asian-and-european-lng-buyers-have-increased-their-prices-but-flows-remain-stable/ https://groverchamber.com/column-asian-and-european-lng-buyers-have-increased-their-prices-but-flows-remain-stable/#respond Tue, 14 Sep 2021 09:06:00 +0000 https://groverchamber.com/column-asian-and-european-lng-buyers-have-increased-their-prices-but-flows-remain-stable/ A liquefied natural gas (LNG) tanker is pulled towards a thermal power plant in Futtsu, east of Tokyo, Japan on November 13, 2017. REUTERS / Issei Kato LAUNCESTON, Australia, Sept. 14 (Reuters) – The spot price of liquefied natural gas (LNG) in Asia is trading at record highs for this time of year amid reports […]]]>

A liquefied natural gas (LNG) tanker is pulled towards a thermal power plant in Futtsu, east of Tokyo, Japan on November 13, 2017. REUTERS / Issei Kato

LAUNCESTON, Australia, Sept. 14 (Reuters) – The spot price of liquefied natural gas (LNG) in Asia is trading at record highs for this time of year amid reports that traders around the world are vying for rare cargoes.

An analysis of global super-refrigerated fuel flows, however, shows that while traders can raise prices, there is little change in where LNG is shipped.

Flows to Asia have been roughly stable in volume since March, after the winter demand peak, and the same is true for Europe.

In other words, there is little evidence that buyers from either of the major demand regions have been able to increase their share of shipments at the expense of buyers from the other.

This suggests that although prices have increased, it is not the case that excess demand in a region attracts more cargoes, but rather Asia and Europe are receiving roughly the same share of super refrigerated fuel as they do. ‘they have done so in recent months.

Asia imported 23.08 million tonnes of LNG in August, according to raw materials consultants Kpler, down slightly from 23.94 million in July, the highest since February.

Since March, Asian LNG imports have ranged from 21.2 million tonnes to nearly 24 million tonnes in July, a range of just 2.8 million tonnes.

For Europe, LNG imports amounted to 4.98 million tonnes in August, slightly higher than 4.69 million in July, according to Kpler.

European imports have remained stable at 5-6 million tonnes over the past three months, although they were higher during the winter, which is in line with the usual seasonal pattern.

Kpler expects the recent trend to continue this month, with September’s Asian imports forecast at 22.99 million tonnes and Europe’s at 4.95 million tonnes.

STABLE PERCENTAGES

Looking at each region’s percentage share shows that Asia will likely import 76.5% of the global LNG supply in September, while Europe will take 16.5%.

For the month of August, the figure was 76.3% for Asia and 16.4% for Europe. In July, it was Asia 77.2% and Europe 15.1%.

Europe tends to take a larger share in the shoulder season between peak winter and summer demand from Asia, peaking at 27.6% in 2021, while Asia took 67.9% that month.

Overall, the feeds do not suggest that buyers in one region are able to compete with those in the other.

Recent price developments may, however, suggest that buyers in Europe and Asia need to increase cash offers to secure their share of available cargo.

The price of contracts traded in New York based on the Asian benchmark Japan Korea Marker ended Monday at $ 18.82 per million British thermal units (mmBtu).

They have gained 224% since the low reached so far in 2021 of $ 5,805 per mmBtu reached on February 25.

The price of TTF natural gas contracts in Europe, converted to mmBtu, closed at $ 21.456 per mmBtu on Monday, up 290% from their closing low this year of $ 5.508 on March 3.

The TTF price typically trades at a narrow discount to the JKM contract, but has been trading at a premium to the Asian marker since September 8.

This suggests that European buyers may be more willing to pay higher prices for natural gas for the coming winter amid fears of a shortage across the continent.

Asian LNG buyers are also concerned about winter shortages, but some major importers, namely India and Pakistan, are forgoing cash shipments due to the current high cost.

Some Asian LNG importers have other options for generating electricity. Japan and China, the world’s two biggest buyers of LNG, can increase electricity production from other fuels, including coal.

This suggests that European buyers may be ready to pay more and pull cash cargoes from Asia in the coming months.

The views expressed here are those of the author, columnist for Reuters.

Editing by Tom Hogue

Our standards: Thomson Reuters Trust Principles.


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BEST PRACTICES: How Buying a Truck Service Center Helped California Dealer Diversify and Grow https://groverchamber.com/best-practices-how-buying-a-truck-service-center-helped-california-dealer-diversify-and-grow/ https://groverchamber.com/best-practices-how-buying-a-truck-service-center-helped-california-dealer-diversify-and-grow/#respond Sat, 11 Sep 2021 04:00:01 +0000 https://groverchamber.com/best-practices-how-buying-a-truck-service-center-helped-california-dealer-diversify-and-grow/ Today, National Truck Sales & Service has seven service areas and nine employees, including five technicians. It offers maintenance services such as oil changes, tire rotations and alignments, as well as repair work. Despite its name, the operation does not sell trucks at the moment. But adding that capability for brands like International and Mack […]]]>

Today, National Truck Sales & Service has seven service areas and nine employees, including five technicians. It offers maintenance services such as oil changes, tire rotations and alignments, as well as repair work. Despite its name, the operation does not sell trucks at the moment. But adding that capability for brands like International and Mack is on Cooper’s radar.

The center serves 80 trucks per month, compared to around 15 when it purchased the facility.

“It gave us a part of our business that we wouldn’t be able to reach or otherwise service from a retail dealership,” Cooper said. Automotive News. “We don’t have a big enough footprint at our dealership to handle the amount of business we do because these trucks are so much bigger. “

By moving the medium and heavy service from the Chevrolet store, Cooper was able to increase the service capacity for the dealership’s retail customers, which has grown significantly over the years. When Cooper bought Chevrolet from Watsonville, he was selling an average of nine vehicles, new and used, per month. By 2019, sales had increased to 85 per month.

Watsonville Auto Group also owns Watsonville Chrysler-Dodge-Jeep-Ram and Watsonville Ford, which Cooper acquired last year, and a vehicle shopping center. The group sold 2,693 new and used vehicles combined in 2020 and plans to sell about 2,880 vehicles this year, Cooper said.

Each of the Cooper dealers has a strong emphasis on utility vehicle sales – a reflection of customer demand in Watsonville, a northern California farming community that is home to berry giant Driscoll’s.


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JPMorgan Acquires Majority Stake in Volkswagen Payments Business https://groverchamber.com/jpmorgan-acquires-majority-stake-in-volkswagen-payments-business/ https://groverchamber.com/jpmorgan-acquires-majority-stake-in-volkswagen-payments-business/#respond Wed, 08 Sep 2021 08:11:00 +0000 https://groverchamber.com/jpmorgan-acquires-majority-stake-in-volkswagen-payments-business/ Workers are reflected in the windows of JP Morgan’s Canary Wharf offices in London, September 19, 2013. REUTERS / Neil Hall LONDON, Sept. 8 (Reuters) – JPMorgan (JPM.N) has reached an agreement to buy a controlling stake in the payments business of German auto giant Volkswagen (VOWG_p.DE) ahead of the planned deployment of in-vehicle technology […]]]>

Workers are reflected in the windows of JP Morgan’s Canary Wharf offices in London, September 19, 2013. REUTERS / Neil Hall

LONDON, Sept. 8 (Reuters) – JPMorgan (JPM.N) has reached an agreement to buy a controlling stake in the payments business of German auto giant Volkswagen (VOWG_p.DE) ahead of the planned deployment of in-vehicle technology enabling drivers to pay for fuel or tolls.

The US bank has agreed to buy nearly 75% of Volkswagen Payments SA for an undisclosed amount, subject to regulatory approvals.

The Luxembourg company was founded in 2017 and operates in 32 countries. It offers car purchase and rental, on-board payment, electric vehicle refueling and recharging and subscription services such as insurance and on-board entertainment.

JPMorgan said it plans to invest and re-brand the payments industry and expand its mobility-focused payments to other industries.

“One of the fastest growing platforms is the connected car market, where the car acts as a wallet to buy goods, services or subscriptions,” Shahrokh Moinian, head of wholesale payments, told Reuters for the EMEA region at JPMorgan.

Non-financial corporations, including automakers, have intensified their expansion in financial services in recent years.

Volkswagen’s financial services division will retain a 25.1% stake in the payments sector, JPMorgan said. The agreement is expected to be finalized in the first half of 2022.

The Volkswagen Group did not provide a breakdown of profits from the payments business in its half-year results in July, but said sales of its financial services arm amounted to € 22.6 billion (26 , $ 77 billion), up 18% from the previous year.

($ 1 = 0.8444 euros)

Reporting by Iain Withers. Editing by Jane Merriman

Our standards: Thomson Reuters Trust Principles.


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The number of jobs was dismal, but the Fed could slow down its bond purchases on schedule anyway https://groverchamber.com/the-number-of-jobs-was-dismal-but-the-fed-could-slow-down-its-bond-purchases-on-schedule-anyway/ https://groverchamber.com/the-number-of-jobs-was-dismal-but-the-fed-could-slow-down-its-bond-purchases-on-schedule-anyway/#respond Sat, 04 Sep 2021 00:34:00 +0000 https://groverchamber.com/the-number-of-jobs-was-dismal-but-the-fed-could-slow-down-its-bond-purchases-on-schedule-anyway/ This commentary was posted recently by fund managers, research firms and market newsletter writers and was edited by Barron’s. Blog postHeritage capitalSeptember 3: The August non-farm wage report was released at 8:30 a.m. today. Boy, was that another stench compared to what was expected: 235,000 new jobs were created, well below the expected 750,000. However, […]]]>

This commentary was posted recently by fund managers, research firms and market newsletter writers and was edited by Barron’s.

Blog post
Heritage capital
September 3: The August non-farm wage report was released at 8:30 a.m. today. Boy, was that another stench compared to what was expected: 235,000 new jobs were created, well below the expected 750,000. However, the unemployment rate fell 0.2%. Regardless of the turn of the Biden administration, the economy continues to have its dislocations and struggles. It is indisputable.

“But, Paul, 235,000 new jobs is good, isn’t it? “

In a vacuum, it is. However, at this point in the recovery and with countless billions of stimulus packages in the system, the economy is expected to create over a million new jobs per month. I listened to a panel of “experts” explain that the failed monster was simply due to the Delta variant. Of course, they all knew Delta before planning over 700,000 new jobs. And when we saw employment increase a few months ago, the “experts” all credited the stimulus. Sorry guys, you can’t have both. Something is wrong….

More important than current economic news, my readers know how to watch the reaction of the market. After a quick sell-off, yields reversed and rose 1% on the 10-year Treasury. However, gold has also surged. The actions have done very little. This initially tells me that the market believes the Federal Reserve will go ahead with the cut sooner rather than later and that wage growth will continue to put pressure on the inflation numbers.

Investors, watch the exit

Aden’s forecast: silver, metals, markets
Aden’s forecast
September 2: Safe-haven barometers have remained calm on the downside this week. The

US dollar index

holds up to its 65-week moving average, while gold and bonds remain calm near recent highs. The stock market, especially the tech sector, has reached new highs in this seemingly endless bull market. Weekly jobless claims in the United States hit their lowest level since the start of Covid, fueling optimism. Clean energies and certain raw materials are also stimulated

The stock market bull roars, in part. It is a mixed bull market and a selective market. The

S&P 500

is at an extreme level, but it might stay there a little longer. The [latest] the bull market rise, which we have called the merger, the final rise, is underway, and today’s new high of the S&P 500 is one of them. The PTI [primary trend index] is also at another new high today. They all say stay with your positions but keep an eye out for the exit.

Stagnation of the population

September Bulletin
Sadoff Investment Management
August 31 : The US population grew 0.4% in 2020 to 329 million, marking the slowest growth rate since 1901. A declining birth rate and an aging population could portend major implications for our economy.

The last decade has seen the weakest expansion of immigrants! The average American woman is expected to have 1.7 children, the lowest level in decades. One potential problem: A smaller workforce tends to produce worker shortages and higher wages. The aging of the population is likely to increase the demand for spending on health care and retirement homes.

Higher food costs to come

August 2021 Market Letter
Third Street Agricultural Investments
August 31 : Compared to the three very volatile months that preceded it, the price action in August was rather lackluster. Corn, wheat and soybean futures all had monthly trading ranges of less than 12%, and their net price changes for the month were 0% to 4%. Risks and uncertainties abound, but for the past month, they have offset each other ….

One long-term item that we are watching with particular interest is skyrocketing production costs, particularly for corn. Supply chain disruptions and increased demand have driven input costs to record levels. Sea freight is at its highest for 10 years. The sharp increase in the value of land threatens to drive up these prices for those who do not own their own land. This will put a higher floor under prices and increase food costs for those who can least afford it. It should be noted that the futures contracts for this fall (December corn and November soybeans) were 2% and 4% lower, respectively, but the fall 2022 contracts were both higher this month.

Frenzied stock, debt issuance

Morning briefing
Yardeni research
August 31 : In addition to record cash flow, companies have raised a lot of money in the bond and stock markets. In the past 12 months through June, they raised $ 2.2 trillion in the bond market. They used the proceeds to refinance outstanding bonds at record yields. They also repaid their bank loans. A portion of the remaining proceeds has funded capital expenditures and share buybacks or is in liquid assets.

The companies raised $ 441 billion on the stock market in the past 12 months through June. Data available up to March shows that the bulk of non-financial corporate issues were seasonal equity issues.

Thanks to the Fed, there is a lot of punch in the punch bowl and companies are enjoying the party.

South Sea Bubble 5.0

Cross currents
Cross-stream publications
August 30: Our long term charts continue to amaze. There are now so many parallels with historical fads such as the South Sea Bubble, the Roaring ’20s, Tulip Mania, and even the relatively recent Tech / Internet Bubble that the current era, in retrospect, may one day seem the craziest of all. all. .

The South Sea Bubble began when the British government borrowed $ 7 million to finance the war with France. In return, the South Sea Company obtained a monopoly of trade with South America. The company also took out all of the UK’s $ 30 million debt at 5% interest. The deal was deemed so phenomenal that the shares of South Sea have increased tenfold. In the process, a real mania was born. Noting the wonders of instant riches, there was an influx of new businesses. We found the following: “One company was started to buy the Irish bogs, another to make a gun to shoot square cannonballs, and the most ridiculous of all, for running a business of one. great advantage but no one knows what it is. is !! ”Not waiting to prove his premise, the owner of the latest business took the first £ 2,000 raised and immediately fled across the ocean.

Today’s parallels are just as crazy, if not hilarious. While the blockchain technology on which many of the roughly 4,500 invented crypto currencies are based is valid, there are many reasons to dispute the ratings.

Dogecoin

was created as a real joke, but is still valued at $ 41.4 billion and was worth up to $ 95 billion. A Google search for “Dogecoin intrinsic value” returns “… has no intrinsic value”. Thus, Dogecoin turned out to be the equivalent in 2021 of “pursuing a very profitable business but no one knows what it is”. You can’t make that stuff up, folks.

To be considered in this section, the material, along with the author’s name and address, should be sent to MarketWatch@barrons.com.


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Consumer Reports: What To Look For When Buying A Work From Home Technology | WWTI https://groverchamber.com/consumer-reports-what-to-look-for-when-buying-a-work-from-home-technology-wwti/ https://groverchamber.com/consumer-reports-what-to-look-for-when-buying-a-work-from-home-technology-wwti/#respond Wed, 01 Sep 2021 11:20:43 +0000 https://groverchamber.com/consumer-reports-what-to-look-for-when-buying-a-work-from-home-technology-wwti/ Posted: Sep 1, 2021 / 7:20 AM EDT / Update: Sep 1, 2021 / 7:20 AM EDT CONSUMER REPORTING – Definitions of “office” or “classroom” may have changed a lot over the past year and a half. But no matter where you work or learn, you might want to consider a tech upgrade. “Whether it’s […]]]>

Posted:
Update:

CONSUMER REPORTING – Definitions of “office” or “classroom” may have changed a lot over the past year and a half. But no matter where you work or learn, you might want to consider a tech upgrade.

“Whether it’s buying a new laptop or a router with the latest wifi standard. Simply put, new technologies help you get things done faster, ”said Antonette Asedillo.

CR testers claim that the 15-inch Lenovo IdeaPad 5 has better battery speeds and performance than many other laptops. But if you or your children do not need to lift heavy objects.

“Chromebook is still a good option. They’re great for emails, spreadsheets or online research, ”said Chris Raymond of Consumer Reports.

CR says this HP Chromebook has impressive processing speeds and a battery that will last you through your work or school day.

“When shopping for tech, if you don’t need the latest and greatest, buying a slightly older model is a great way to save money,” Raymond said. .

Like last year’s iPad, or this Samsung Galaxy Tab S6 from 2019. CR testing shows both are quick with quality display.

Keep in mind that some tech purchases like laptops and tablets may be more complicated this year due to the global shortage of computer chips caused by the pandemic. So you may need to be more flexible in your choices or consider certified pre-owned models from a reputable seller.

Finally, if your headphones have seen better days, the Anker Soundcore True Wireless Pair is small enough to take anywhere and offers great sound quality.

But if you need help blocking out distractions, CR says the Monoprice headphones offer great active noise reduction at a great price.


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