Holding Period Return – Beacon at Bangsar http://beaconatbangsar.com/ Sun, 19 Sep 2021 01:28:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://beaconatbangsar.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Holding Period Return – Beacon at Bangsar http://beaconatbangsar.com/ 32 32 The profit growth of 271% over 1 year was not enough to translate into positive returns for the shareholders of Bonny International Holding (HKG: 1906) https://beaconatbangsar.com/the-profit-growth-of-271-over-1-year-was-not-enough-to-translate-into-positive-returns-for-the-shareholders-of-bonny-international-holding-hkg-1906/ Sun, 19 Sep 2021 00:38:11 +0000 https://beaconatbangsar.com/the-profit-growth-of-271-over-1-year-was-not-enough-to-translate-into-positive-returns-for-the-shareholders-of-bonny-international-holding-hkg-1906/

The easiest way to profit from a bull market is to buy an index fund. But if you buy individual stocks, you can do better or worse than that. Investors in Bonny International Holding Limited (HKG: 1906) have tasted this bitter drop over the past year, as the stock price has fallen 11%. This contrasts poorly with the market return of 9.0%. Since Bonny International Holding has not been listed on the stock exchange for many years, the market is still learning more about the performance of the company. Last month was also disappointing, with the stock falling a further 14%. Importantly, it could be a market reaction to the recently released financial results. You can see the latest figures in our corporate report.

After losing 11% last week, it’s worth studying the fundamentals of the business to see what we can infer from past performance.

See our latest analysis for Bonny International Holding

To quote Buffett, “Ships will sail around the world but the Flat Earth Society will thrive. There will continue to be wide spreads between price and value in the market … ‘One way to look at how market sentiment has changed over time is to look at the interaction between price. a company’s stock and earnings per share (EPS).

Even though Bonny International Holding’s share price fell over the year, its EPS actually improved. Of course, the situation could betray the previous excess optimism about growth.

It’s fair to say that the stock price doesn’t seem to reflect the growth in BPA. It is therefore easy to justify a look at other measures.

On the other hand, the 15% drop in turnover is a real concern. Many investors see falling earnings as a likely precursor to falling earnings, which may well explain the weakness in the stock price.

The graph below illustrates the evolution of earnings and income over time (reveal the exact values ​​by clicking on the image).

SEHK: 1906 Growth in profit and revenue September 19, 2021

If you are planning to buy or sell shares of Bonny International Holding, you should check this out FREE detailed report on its balance sheet.

A different perspective

Given that the market has gained 9.0% in the past year, shareholders of Bonny International Holding might be upset that they lost 11%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. With the stock down 5.3% in the past three months, the market doesn’t seem to believe the company has solved all of its problems. Given the relatively short history of this stock, we would remain fairly cautious until we see strong trading performance. I find it very interesting to look at the long-term share price as an indicator of company performance. But to really understand better, we have to take other information into account as well. For example, we have identified 3 warning signs for Bonny International Holding that you need to be aware of.

We will like Bonny International Holding better if we see large insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.

Please note that the market returns quoted in this article reflect the market-weighted average returns of stocks currently trading on the Hong Kong stock exchanges.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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Should we be worried about a stock market crash? Here’s what the data suggests https://beaconatbangsar.com/should-we-be-worried-about-a-stock-market-crash-heres-what-the-data-suggests/ Sat, 18 Sep 2021 09:51:00 +0000 https://beaconatbangsar.com/should-we-be-worried-about-a-stock-market-crash-heres-what-the-data-suggests/

Over the past 19 months, investors have witnessed history on both ends of the spectrum. They pushed their way through the fastest decline of at least 30% in history S&P 500 (SNPINDEX: ^ GSPC), and then they reveled in the strongest rebound from an all-time bearish bottom. Since the trough of March 23, 2020, the benchmark has more than doubled in value.

But this monster rally begs the question: is another stock market crash or potentially abrupt correction imminent, and should you be worried?

The answer, based on an abundance of data, really depends on your investing style.

Image source: Getty Images.

If you are a short term investor / trader you have reason to be concerned

To be frank, we’ll never know exactly when a stock market crash will start, how long it will last, or how steep the decline will be. We also rarely know what will cause a crash or abrupt fix before it’s started. So, expecting the market to fall sharply is a bit of an inaccurate science. That being said, a number of figures suggest that a stock market crash could be looming on the horizon.

For example, the performance of the S&P 500 after each of its previous eight bear market lows, dating back to 1960, is revealing. In the three years since each of these bear market lows, the broad index has fallen at least 10% once or twice. We are now almost a year and a half from the low of the coronavirus crash, and the S&P 500 has yet to experience a double-digit percentage decline. In fact, we have now gone 10 months without even a 5% decline. Bouncing back from a recession has never been easier or easier.

Another major concern is evaluation. As of September 13, the S&P 500 Shiller price-to-earnings (P / E) ratio was 38.6, a nearly two-decade high. The Shiller P / E takes into account inflation-adjusted earnings over the past 10 years. There have only been five times in 151 years that the Shiller P / E has reached 30 and has stayed above that level for quite some time, including right now. In the previous four cases, the S&P 500 then fell by at least 20%.

Want more evidence that the market may be on the verge of a big correction? Take a closer look at margin debt – the amount of money investors borrow to invest or short sell securities. Over the past quarter century, there have been three instances where margin debt has increased by at least 60% in a single year: directly before the dot-com crash, just before the Great Recession, and in 2021.

While this may be pure coincidence, precedence suggests that a crash induced by a margin call is a possibility.

Long story short, if your average stock holding time is measured in days, weeks, or months, a stock market crash is something you really should be concerned about with the S&P 500 rallying over 100% in less than 18 months.

Person reading a financial newspaper.

Image source: Getty Images.

History suggests long-term investors have nothing to fear

On the other hand, if your holding periods are measured in years or decades, stock market crashes are not to be feared. In fact, it’s historically a great time to put your money to work.

For starters, while stock market crashes and corrections are quite common, they don’t last very long. Of the 38 double-digit decline percentages in the widespread S&P 500 since the start of 1950, the average time it takes to move from the high to the low is 188 calendar days (roughly six months).

The average time for corrections has shortened further since computers became mainstream on Wall Street and information could be easily disseminated with a single click. Since the mid-1980s, the average correction time has dropped to 155 days, or about five months.

While big downward moves in the market can affect us as investors, it’s much easier to stay invested knowing that bull markets outlast bear markets. It’s a simple numbers game that absolutely favors optimists.

Want more proof? Earlier this year, Crestmont Research published a report on 20-year rolling total returns (“totals”, such as including dividends paid) for the S&P 500 between 1919 and 2020. What Crestmont found is that each year ending in that 102 -year would have produced a positive total return, as long as investors held 20 years. Only two end years (1948 and 1949) produced an average annual total return of 5% or less, while more than 40 of those 102 end years produced an average annual total return of 10% or more.

The simple fact is this: If you buy big companies and hang on to them for long periods of time, you have a great chance to build wealth. The longer you are willing to hold onto, the more likely you are to make a lot of money.

A person writing and circling the word buy below a trough on a stock chart.

Image source: Getty Images.

Buy stakes in dominant companies and let time be your ally

Inevitably, a stock market crash will occur. Crashes and fixes are a natural part of the investment cycle and admission you pay to participate in one of the world’s greatest wealth creators. When the next crash hits, buying into big companies and letting time be your friend should be a lucrative recipe.

For example, MasterCard (NYSE: MA) is about as stable as among financial stocks. As one of the world’s leading payment processors, Mastercard enjoys long periods of economic expansion. If economies are growing, it probably means businesses and consumers are spending more. In addition, with Mastercard avoiding lending and focusing strictly on processing payments, it is not exposed to an increase in credit defaults during a recession. This is why it is rebounding so quickly in a post-recession environment.

Long-term growth-oriented investors might consider cybersecurity stocks CrowdStrike Holdings (NASDAQ: CRWD), also. Hackers don’t care about market turmoil, which is why protecting consumer and business data is a must-have service. CrowdStrike’s cloud-native Falcon platform oversees approximately 6 trillion events per week and leverages artificial intelligence to become smarter at identifying and responding to threats over time. In less than five years, CrowdStrike’s subscriber base has grown from 450 to over 13,000, and it has already met its long-term subscription gross margin goal.

Same Teladoc Health (NYSE: TDOC) would be a smart buy and hold action if the market collapsed or corrected significantly. Teladoc’s virtual tour platform is set to change the face of personalized care by facilitating the connection between patients and physicians.

Ultimately, this should lead to better patient outcomes and less money in the pockets of insurers. As Teladoc also acquired Livongo Health, a leading company in applied health signals, last year, it has a way to differentiate its platform and cross-sell to an established patient base. in chronic care.

On the next crash or fix, go on the offensive and let time be your ally.

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! Questioning 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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Bluerock Total Income + Real Estate Fund announces 35th consecutive quarterly distribution at 5.25% annualized rate https://beaconatbangsar.com/bluerock-total-income-real-estate-fund-announces-35th-consecutive-quarterly-distribution-at-5-25-annualized-rate/ Fri, 17 Sep 2021 20:30:00 +0000 https://beaconatbangsar.com/bluerock-total-income-real-estate-fund-announces-35th-consecutive-quarterly-distribution-at-5-25-annualized-rate/

NEW YORK, September 17, 2021 / PRNewswire / – Bluerock Total Income + Real Estate Fund (“TI +”, tickers: TIPRX, TIPPX, TIPWX, TIPLX) ​​paid a third quarter distribution of $ 0.4199 per share, i.e. 1.31% for the quarter, based on the share price of $ 31.99 (A shares) for shareholders registered in the September 16, 2021. This distribution amount represents an annualized rate of 5.25% * based on the current share price, marking the Fund’s 35th consecutive quarterly distribution. Since its creation in 2012, TIPRX has paid approximately 13 $ per share in total distributions to its shareholders. In addition to these quarterly distributions, TIPRX NAV increased by approximately 28% compared to 25 $ after $ 32 per share (as of 9.16.2021) and has generated an annualized return of 7.92% since inception. As a result of this growth, shareholders who originally purchased a NAV of 25 $/ share will receive a distribution amount at an annual rate of approximately 6.7% based on the amount of their investment.

“In the current era of continued low interest rates where investors are concerned about low yields and the potential loss of capital due to rising rates, TI + has provided over its 9-year history with income. consistent and highly tax-efficient, while significantly preserving net asset value. In addition to the constant 5.25% payout rate, the Fund has generated more than 265 basis points of annual appreciation since its inception, thus meeting the common concerns and objectives of investors for attractive income, tax efficiency. , growth, hedging against inflation and lower volatility and drawdown, ”said Jeffrey Schwaber, CEO of Bluerock Capital Markets. “In addition, we are also proud to report that the Fund has generated a total return of approximately 15% since the end. September 20201 (representing the Covid-led dip) supporting the Fund’s bullish outlook for institutional real estate, particularly in our most convinced and weighted sectors, namely industrial, multi-family and specialty sectors, including life sciences, which have seen substantial year-over-year rent increases to provide both growth and inflation protection, ”Schwaber added.

Since its inception, TI + has achieved its stated goals including current income and capital appreciation as well as low correlation and low volatility to broader markets.

Net assets under management for TI + are approximately $ 3.0 billion from September 16, 2021. TI + currently holds positions in 25 private equity investments and 2 real estate investments in private debt, with underlying assets valued at approximately $ 239 billion (holdings are subject to change at any time and should not be construed as investment advice).2

1 Source: Morningstar Direct, 9.24.2020-8.31.2021

2 For detailed holdings of the Fund, please visit http://bluerockfunds.com/investment-holdings/

TI + A Share Fund Net performance


Performances until 30.30.2021

Performances until 03.31.2021


One year

Five years

Annualized since creation3

YTD

Since inception3

TI + Fund category A

8.43%

6.43%

7.47%

11.74%

7.89%

TI + Class A4 with sales costs max.

2.19%

5.18%

6.74%

5.33%

7.17%

The returns shown are total net returns: expressed as a percentage, the calculation of the total return is determined by taking the price change, reinvesting, if applicable, all distributions of income and capital gains during the period and by dividing by the starting price. Returns greater than one year are annualized.

3 The date of creation of the Fund is October 22, 2012.

4 The maximum sales charge for Class A shares is 5.75%. Investors may benefit from an exemption or reduction in subscription fees.

The performance data cited here represents past performance. Actual performance may be lower or higher than the performance data cited above. The return on investments and the value of capital fluctuate, so shares, when redeemed, may be worth more or less than their original cost. For information on performance at the end of the most recent month, please call toll-free 1-888-459-1059. Past performance is no guarantee of future results.

The fund’s total annual operating expense ratio, gross of any fee waivers or reimbursement of fees, is 2.18% for Class A, 2.93% for Class C, 1.93% for category I and 2.42% for category L. The investment advisor of the Fund has contractually agreed to reduce its fees and / or absorb the expenses of the fund, at least up to January 31, 2022 for class A, C, I and L shares, to ensure that the annual net operating expenses of the fund will not exceed 1.95% for class A, 2.70% for class C and 1, 70% for Class I, and 2.20% for Class L, per annum of the average daily net assets of the Fund attributable to Class A, Class C, Class I and Class L shares, respectively, under reserve for possible recovery by the Fund in future years. Please see the Fund’s Prospectus for more details on the fee waiver. A fund’s performance, especially over very short periods of time, shouldn’t be the only factor in your investment decisions. The fund’s performance and distributions are shown net of fees.

The Bluerock Total Income + Real Estate Fund is a closed-range fund that invests the majority of its assets in institutional private equity real estate securities which are generally only available to institutional investors able to meet the multi-million minimum investment criteria. of dollars. In Q2 2021, the value of the underlying real estate held by the securities in which the Fund is invested is approximately $ 239 billion, including investments managed by Ares, Blackstone, Morgan Stanley, Principal, Prudential, Clarion Partners, Invesco and RREEF, among others. The minimum investment in the Fund is $ 2,500 ($ 1,000 for pension plans) for Class A, C and L shares.

For copies of documents filed by TI + public companies, please visit the United States Securities and Exchange Commission website at www.sec.gov or the company’s website at www. bluerockfunds.com.

About Bluerock Total Income + Real Estate Fund

The Bluerock Total Income + Real Estate Fund offers retail investors access to a portfolio of institutional real estate securities managed by leading fund managers. The Fund seeks to offer a comprehensive real estate portfolio designed to offer a combination of current income, capital preservation, long-term capital appreciation and enhanced portfolio diversification with low to moderate volatility and low correlation to the markets. broader stocks and fixed income securities. The Fund uses an exclusive partnership with Mercer Investment Management, Inc., the world’s leading advisor to endowments, pension funds, sovereign wealth funds and family offices worldwide, with more than 3,300 clients worldwide and over $ 15.0 trillion in assets in consulting.

Investing in the Bluerock Total Income + Real Estate Fund involves risks, including loss of capital. The Fund intends to make investments in several real estate securities which may subject the Fund to additional fees and expenses, including management and performance fees, which could adversely affect returns and could expose the Fund to risk. additional, including lack of control, as further described in the prospectus.

* The Fund’s distribution policy is to make quarterly distributions to shareholders. The level of quarterly distributions (including any return of capital) is not fixed and this distribution policy is subject to change. Shareholders should not assume that the source of a distribution from the Fund is net income. All or part of the distributions is a return of capital based on the nature of the distributions received from the underlying interests, primarily real estate investment trusts. The final determination of the source and tax characteristics of all distributions will be made after the end of each year. Shareholders should note that the return of capital will reduce the tax base of their shares and potentially increase the taxable gain, if any, on the disposition of their shares. There can be no assurance that the Company will continue to make distributions or that they will continue at these rates. There can be no assurance that an investment will be effective in achieving the Fund’s investment objectives, generating positive returns or avoiding losses.

Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for no less than 5% of the outstanding Fund shares at net asset value. There can be no assurance that shareholders will be able to sell all of the shares they wish in a quarterly tender offer. Quarterly redemptions by the Fund of its shares will generally be funded from available cash or sales of portfolio securities. Selling securities to fund redemptions could reduce the market price of those securities, which in turn would reduce the net asset value of the Fund.

Investors should carefully consider the investment objectives, risks, fees and expenses of the Bluerock Total Income + Real Estate Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained online at bluerockfunds.com. The prospectus should be read carefully before investing.

The Bluerock Total Income + Real Estate Fund is distributed by ALPS Distributors, Inc (ALPS). Bluerock Fund Advisor, LLC is not affiliated with ALPS.

SOURCE Bluerock Total Income + Real Estate Fund


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Camping World (CWH) Gains As The Market Goes Down: What You Need To Know – September 16, 2021 https://beaconatbangsar.com/camping-world-cwh-gains-as-the-market-goes-down-what-you-need-to-know-september-16-2021/ Thu, 16 Sep 2021 20:51:59 +0000 https://beaconatbangsar.com/camping-world-cwh-gains-as-the-market-goes-down-what-you-need-to-know-september-16-2021/

During the last trading session, Camping World (CWH Free Report) closed at $ 39.21, marking a movement of + 0.93% from the previous day. The stock topped the S&P 500’s 0.16% daily loss.

Prior to today, shares of the recreational vehicle retailer and service provider had gained 6.91% over the past month, outpacing the 0.29% gain in the consumer discretionary sector and the gain of 0.46% of the S&P 500 during this period.

Investors are hoping for strength from CWH as the next publication of its results approaches. On that day, CWH is expected to report earnings of $ 1.72 per share, which would represent 8.86% year-over-year growth. Our most recent consensus estimate projects quarterly revenue of $ 1.85 billion, up 10.36% from the previous year.

For the full year, our Zacks consensus estimates project earnings of $ 6.09 per share and revenue of $ 6.71 billion, which would represent changes of + 66.39% and + 23 , 29%, respectively, compared to the previous year.

Investors might also notice recent changes in analyst estimates for CWH. These revisions generally reflect the latest short-term business trends, which can change frequently. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.

Our research shows that these changes in estimate are directly correlated with short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive externally audited outperformance history, with # 1 stocks generating an average annual return of + 25% since 1988. Over last month, the Zacks Consensus EPS estimate fell 1.4%. CWH currently holds a Zacks rank of # 3 (Hold).

In view of its valuation, CWH has a forward P / E ratio of 6.38. This valuation marks a discount compared to the average Forward P / E for its sector of 38.13.

The leisure and leisure services industry is part of the consumer discretionary sector. This industry currently has a Zacks Industry Rank of 176, which places it in the lowest 31% of all 250+ industries.

The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.


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Investor who made $ 4 billion with Tesla expects extra 300% return https://beaconatbangsar.com/investor-who-made-4-billion-with-tesla-expects-extra-300-return/ Wed, 15 Sep 2021 20:12:18 +0000 https://beaconatbangsar.com/investor-who-made-4-billion-with-tesla-expects-extra-300-return/

In 2016, Ron Baron predicted that Tesla Inc. would become one of the most valuable companies in the world. His company, Baron Capital Management, was among the electric carmaker’s biggest investors at the time, with a 1% stake in the company.

The bet generated a profit of $ 4 billion, but Baron believes this is just the beginning and sees the possibility of tripling that number over the next 10 years. He also predicts similar success for SpaceX, another company run by Elon Musk. The same qualities that made Tesla so successful – a willingness to try new things in an industry stuck with old ideas and an emphasis on cutting costs – will help the rocket maker revolutionize a potential market of 1 Trillion dollars in satellite broadband, he said.

“They are innovating at the speed of light,” Baron, 78, said in an episode of “Bloomberg Wealth with David Rubenstein”. “And they do it with cars. And they do it with space.

Baron Capital’s success as an old-school mutual fund company is an anomaly at a time when stock pickers are increasingly being replaced by index funds and ETFs. He started the business in 1982 with $ 100,000 and now has $ 56.7 billion in assets under management, split equally between individual and institutional investors. He and his family own around 5% of the company’s assets, which are almost entirely invested in publicly traded stocks.

Its Baron Partners Fund has outperformed 99% of its peers in the past three years, according to data compiled by Bloomberg, while the Baron WealthBuilder Fund has outperformed 90% of its competitors during that time.

Yet, if it was up to his parents, he would never have become an investor. They wanted him to go to medical school, but a summer job working nights at a hospital near his hometown of Asbury Park, New Jersey, convinced him that a white coat wasn’t not in his future.

“I hated it,” he says.

After majoring in chemistry at Bucknell University, Baron got a scholarship to Georgetown University – “I didn’t want to go to Vietnam” – and sold Fuller brushes to earn extra money. He then attended George Washington University Law School overnight while working as an examiner for the US Patent Office during the day.

His first financial job was with Janney Montgomery Scott, where he was fired after only a year when a negative report he wrote about a company appeared in the Wall Street Transcript. Baron quickly received an offer to become an analyst, then joined a friend in law school to sell research to institutional investors before setting up his own firm.

Baron said he was not worried about a financial downturn and viewed stocks as a good hedge against inflation. Instead of timing trades, he said he believes a long-term holding strategy leads to the strongest results over time.

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Here’s why Hold is a suitable strategy for Murphy USA (MUSA) now https://beaconatbangsar.com/heres-why-hold-is-a-suitable-strategy-for-murphy-usa-musa-now/ Wed, 08 Sep 2021 17:34:00 +0000 https://beaconatbangsar.com/heres-why-hold-is-a-suitable-strategy-for-murphy-usa-musa-now/

Murphy USA Inc. MUSA is based on solid volumes and strong liquidity. However, its debt burden is a downside. The company has seen revisions to the northward estimates for 2021 earnings over the past 60 days.

He currently has a Zacks Rank # 3 (Hold) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B combined with a Zacks Rank # 1 (Strong Buy) 2 (Buy) or 3 offer the best investment opportunities. You can see The full list of today’s Zacks # 1 Rank stocks here.

This leading independent retailer of fuel and consumer staples in the United States has a surprise profit for the last four quarters of 18.66%, on average.

Thanks to its robust outlook, the title is worth keeping for now.

What favors the stock?

A glance at the company’s price trend shows that the stock has had an impressive run on the stock exchanges in the period since the start of the year. Murphy USA shares were up 18.2% from its industry’s 15.6% increase.

Image source: Zacks Investment Research

Murphy USA’s unique high volume, low cost business model allows it to maintain strong profitability despite a fiercely competitive retail environment. The company, which sells more than 4 billion gallons of fuel annually, owns more than 90 percent of its gas stations. This allows it to contain its operating expenses. Proximity to Murphy USA gas stations with Walmart WMT supercenters help the business take advantage of the constant flow of traffic these stores attract, resulting in above-average fuel sales volume.

Another key enabler is the outsourcing of raw materials by the company. With its access to pipelines and product distribution terminals, Murphy USA is able to source fuel at a lower cost than most can afford. This, in turn, allows the company to retail gasoline at a reduced price.

Through its shareholder-friendly capital allocations, Murphy USA is committed to returning a portion of its free cash flow to its shareholders through ongoing and ongoing share buybacks. As proof, the company devoted 48% of its investment budget from 2015 to 2019 to share buybacks.

The company is currently building up to 50 larger format stores each year since the start of this year, as well as 25 raze-and-rebuilds. In addition, in the last quarter published, Murphy USA’s forecast for 2021 included 34 to 38 new stores and up to 31 shaving and rebuilding operations for 2021. The fuel retailer added that it was also open to inorganic growth.

Management believes that the strong operating performance and positive trends of the company will enable its stock to achieve sustainable EBITDA of over $ 500 million in 2021, two years ahead of schedule.

Factors discouraging title growth

However, there are a few factors that could hamper the progress of the stock.

Being in the convenience store, Murphy USA is heavily dependent on tobacco sales. With the drop in smoking rates, the company’s tobacco mixes face persistent pressure. Lukewarm tobacco sales not only affect its revenue performance, but also limit margin growth.

In addition, Murphy USA’s high level of indebtedness remains a concern, which makes it vulnerable to any volatility in commodity prices. Its total debt currently stands at over $ 1.8 billion with only $ 165 million in cash and cash equivalents. Its debt ratio at the end of the second quarter of 2021 was 70.5%, deteriorating from 69.9% in the sequential quarter.

Actions to consider

Top ranked energy players include Matador Resource Company MTDR and Continental Resources, Inc. CLR, each currently displaying a Zacks rank of 1.

Zacks’ top picks for leveraging artificial intelligence

This world-changing technology is expected to generate $ 100 billion by 2025. From self-driving cars to analyzing consumer data, people are relying on machines more than ever. Now is the time to capitalize on the 4th industrial revolution. Zacks’ Urgent Special Report Reveals 6 AI Choices Investors Need To Know Today.

See 6 artificial intelligence stocks with extreme upside potential >>

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Walmart Inc. (WMT): Free Stock Analysis Report

Murphy USA Inc. (MUSA): Free Stock Analysis Report

Continental Resources, Inc. (CLR): Free Stock Analysis Report

Matador Resources Company (MTDR): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Pershing Square Holdings, Ltd. publishes monthly report on net asset value and performance for August 2021 https://beaconatbangsar.com/pershing-square-holdings-ltd-publishes-monthly-report-on-net-asset-value-and-performance-for-august-2021/ Wed, 01 Sep 2021 21:23:24 +0000 https://beaconatbangsar.com/pershing-square-holdings-ltd-publishes-monthly-report-on-net-asset-value-and-performance-for-august-2021/ Pershing Square Holdings, Ltd. (LN: PSH) (LN: PSHD) (NA: PSH) today published the following regular monthly report on the net asset value (NAV) and performance for the month of August 2021. The information has also been published on PSH’s website, www.pershingsquareholdings.com. The monthly net asset value and performance are calculated at the close of business on the last working day of the month.

PERSHING SQUARE CAPITAL MANAGEMENT, SEC PERSHING SQUARE HOLDINGS, LTD.

Portfolio update
August 31, 2021

Summary of results (1) Number of posts (2) August Year-to-date 2021 Gross yield

-1.6%

10.2%

Long

ten

Net return

-1.5%

7.7%

Short

0

NAV / Share (in USD)

$ 48.76

Total

ten

NAV / Share (in GBP)

£ 35.46

Composition of exposure to equities and debt by market capitalization (3) (4) Composition of the portfolio by sector (5) Net portfolio Long Short Large cap

103%

103%

0%

Finance Restaurant Average capitalization

13%

13%

0%

Hospitality Retail Small cap

0%

0%

0%

Media Ad hoc acquisition company Total

116%

116%

0%

RE Corp. Note: large cap> = $ 5; Mid Cap> = $ 1 billion; Small cap Assets under management Notional exposure to credit default swap Management of assets under management of Pershing Square Holdings, Ltd. (6) * $ 11,940.6M Sovereign Single Name CDS $ 0.0M Total assets under management of the core strategy (7) * $ 13,317.4 million Total assets under management of the company (including PS VII) (8) * $ 13,317.4 million Total assets under firm management + PSTH (9) * $ 17,317.4 million * Includes proceeds from bonds of $ 2.1 billion PREVIOUS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. All investments involve the possibility of profit and the risk of loss, including loss of principal. This document does not constitute an offer to sell or the solicitation of an offer to buy any security or investment product. All information is current as of the date hereof and is subject to change in the future. (1) Performance results are presented on a gross basis and net of costs. Net returns reflect the deduction of, among other expenses, management fees, brokerage commissions, administrative fees and performance fees accrued and / or crystallized, as applicable, and include the reinvestment of all dividends, interest and capital gains of our underlying portfolio companies. Net returns reflect the performance of the public shares of Pershing Square Holdings, Ltd. (the society “). Depending on the timing of an individual investor’s specific investment, the net performance for an individual investor may differ from the net performance as set forth herein. Gross returns reflect the overall performance of the Company’s shares and are presented before the deduction of management fees and performance fees, if any. Performance data and other information contained in this document are estimated and unaudited. Performance is based on the dollar return for the specific period, including all dividends paid by the Company, calculated from the start of that period to the end of that period.
(2) Reflects the number of positions in issuers in which the Company has previously publicly disclosed an investment, which occurs after the Company has completed its accumulation. Cash, cash equivalents, direct or indirect currencies or other hedges and income / expense items are excluded. Multiple financial instruments (for example, common stocks and derivatives on common stock) associated with one (1) issuer count as one (1) position. A position that is included in the number of positions will be deleted from the table only if the investment becomes 0.0% of the portfolio.
(3) For the purpose of determining exposure to equities and debts, investments are valued as follows: (a) equities or debts are valued at market value, (b) options referring to equities or debt are marked-to-market, (c) call options and short put options (or vice versa, short call options and long put options) held on the same underlying issuer and with the same financial year and the same expiry date are grouped and treated as synthetic positions in equities, and are valued at the market value of the equivalent long position in equities (or vice versa, the equivalent short position in equities), and (d) equity swaps or futures or debt are marked to market at the equity or notional debt underlying the swaps or futures, except for positions referencing Pershing Square Tontine Holdings, Ltd ( “PSTH”), which are valued at market value. Whether a position is considered long or short is determined by the positive or negative exposure of an investment to rising or falling prices. For example, long put options are considered short exposure.
(4) Includes all issuer equity, debt and derivatives related to equity and issuer debt, as well as associated currency hedges. Cash, cash equivalents, direct or indirect currencies or other hedges and income / expense items are excluded. The market values ​​of the associated currency hedges are included in the associated investment. In the event of a change in market capitalization category from an undisclosed position, this information is not updated until that position is publicly disclosed.
(5) The composition of the portfolio reflects the portfolio positions made public at the date of this report. A position in an issuer is not assigned to a sector until it has been made public.
(6) The “assets under management of Pershing Square Holdings, Ltd. ”Correspond to the net assets of Pershing Square Holdings, Ltd. calculated in accordance with GAAP without deducting amounts attributable to accrued performance fees, while adding the principal value of the Company’s outstanding debt ($ 2.1 billion). Any performance fees crystallized at the end of the year will be reflected in the assets under management for the following period.
(7) “Core Strategy Total Assets Under Management” corresponds to the net assets of Pershing Square, LP, Pershing Square International, Ltd. and Pershing Square Holdings, Ltd. (collectively, the “base funds”) calculated in accordance with GAAP without deducting amounts attributable to accrued performance fees, while adding back the principal value of the outstanding debt of the Company ($ 2.1 billion). Redemptions effective at the end of any period (including redemptions attributable to crystallized performance fees / allocations, if applicable) will be reflected in assets under management for the following period.
(8) The “total assets under management of the company” is equal to the “total assets under management of the basic strategy” as defined in footnote 7, plus the net assets of PS VII Master, LP (“PSVII”) calculated in accordance with GAAP, without double counting of investments made by a Fund in PSVII. PSVII operates as a co-investment vehicle investing primarily in securities of (or seeking to be otherwise exposed to the value of securities issued by) Universal Music Group BV
(9) “Total Business Assets Under Management + PSTH” equals “Total Business Assets Under Management” as defined in Footnote 8, plus $ 4 billion raised in the IPO of PSTH, a Delaware corporation, which is a blank check company incorporated for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or a similar business combination with one or more businesses. Note: Each public share of the company carries one vote per share at all times. The total voting rights of the Company (“Total voting rights”) may vary over time taking into account the capital and voting structure of the Company. As of August 31, 2021, the total voting rights were 399,039,844. There are 199,120,882 public shares and 1 share with special voting rights (held by VoteCo) outstanding (the categories of shares have respectively 1 vote and 199,918,962 votes per share). In addition, the Company currently holds 11,835,868 treasury shares; these public shares do not give voting rights. In connection with the payment of a dividend on June 18, 2021, the high water mark per share has been adjusted to $ 45.28. Under the Dutch Financial Supervision Act (Wet op het financieel toezicht), any person who directly or indirectly acquires or disposes of Company shares and holds voting rights reaching, exceeding or falling below certain thresholds (including 3%, 5% and 10%) of the total voting rights must inform the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financële Markten).

In addition, under the Articles of Association of the Company, a person is required to inform the Company of the number of Public Shares that he or she holds or is deemed to hold (through the direct or indirect holding of financial instruments by that person) if this number reaches, exceeds or falls below 3%, 4%, 4.25%, 4.50%, 4.75% or 5% of the total number of public shares in circulation.

On the date of the placement of the public shares, the total amount of compensation, which is part of the performance fee calculation, was $ 120 million. As at June 30, 2021, the amount of compensation has been reduced in total from approximately $ 68.1 million to $ 51.9 million. The performance fee which may be deducted from time to time on the remunerated shares is equal to 16% of the appreciation of the net asset value less the “additional reduction”. The additional reduction is equal to 20% of the cumulative performance allowances / fees received by the investment manager on the earnings of certain other funds managed by the investment manager plus any additional reduction amount carried over from the previous period (0, $ 0M as of June 30, 2021), and is calculated after taking into account the amount of compensation. The offset amount compensates for the additional reduction until it is fully reduced to zero. On the date of the placement, the total amount of compensation was set by reference to the sum of the costs and other costs of placing and admitting the Public Shares, as well as the commissions paid to the placement agents and other training costs and pre-admission offers that had been supported by the investment manager.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN: PSH) (LN: PSHD) (NA: PSH) is an investment holding company structured as a closed-end fund.

Source: Pershing Square Holdings, Ltd.


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NFL Executives Expect Deshaun Watson to Trade in ‘Next Days’ https://beaconatbangsar.com/nfl-executives-expect-deshaun-watson-to-trade-in-next-days/ Sat, 28 Aug 2021 18:29:47 +0000 https://beaconatbangsar.com/nfl-executives-expect-deshaun-watson-to-trade-in-next-days/

Deshaun Watson will likely never play for the Houston Texans again, and as the 2021 NFL season approaches, there is growing rumor that he could be on a new team before Week 1. .

Amid reports that NFL commissioner Roger Goodell could suspend a deal, many in the league appear to believe a trade with Watson is imminent.

According to Mike Florio of Pro Football Talk, several executives of teams not involved in the negotiations said there was “growing chatter” about Houston trading its franchise quarterback in the “days to come.”

Even more remarkable, according to Florio, the Miami Dolphins and the Carolina Panthers would be the two finalists. While the Denver Broncos and Philadelphia Eagles were once involved, they are waiting due to the current legal uncertainty.

Will Deshaun Watson be traded?

It’s a bit of a surprise that so many NFL members think Watson is about to be traded, especially given the teams involved. A recent report hinted that Houston’s asking price was significantly higher for AFC teams, looking for three first-round picks and additional assets.

Considering the progress Tua Tagovailoa has made in training camp and preseason action, it would be a bold move for Miami to offload years of draft capital for a player who could face a long suspension.

While the Panthers have often been mentioned as a potential landing point, discussions around the league could be speculative. Jonathan Jones, CBS Sports NFL Insider and Panthers defeat writer Joe Person everyone noted after Florio’s report that Carolina isn’t even interested in Watson at the moment.

There is a huge risk for any team that acquires Watson. He has been questioned by the FBI, is the subject of 22 civil suits, 10 criminal complaints and is under investigation by the NFL, the Houston Police Department and is facing a county grand jury investigation. by Harris.

The NFL will not place him on the commissioner’s exemption list until criminal investigations are completed, a process that could take months. Since the Texans will not lower their asking price, any team acquiring Watson would be taking an unprecedented risk.

Since it’s still not a guarantee that he will play in the NFL this year, it is unlikely that a team will trade for him until Week 1.



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These 4 stocks represent 70% of Warren Buffett’s portfolio https://beaconatbangsar.com/these-4-stocks-represent-70-of-warren-buffetts-portfolio/ Wed, 25 Aug 2021 09:51:00 +0000 https://beaconatbangsar.com/these-4-stocks-represent-70-of-warren-buffetts-portfolio/

There is little doubt that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is one of the greatest investors of all time. Since taking office as CEO in 1965, he has created more than $ 500 billion in shareholder value and has generated an average annual return for Berkshire Hathaway shares of 20%. That’s an overall return of over 2,800,000%, through December 31, 2020, for those of you keeping the score at home.

With such a track record, it should come as no surprise that Wall Street and investors are anxiously awaiting the Oracle of Omaha’s 13F filings with the Securities and Exchange Commission. A 13F provides a quarterly snapshot of what Buffett and his investment team have bought and sold.

After adjusting for Buffett’s second quarter buys and sells, one thing is quite obvious: The Oracle of Omaha doesn’t believe in diversification, if you know what you are doing. Last weekend, just four stocks in Berkshire Hathaway’s portfolio accounted for 70% of its $ 316 billion in invested assets.

Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.

Apple: 42.5% of invested assets ($ 134,491,280,983)

Pivot of innovation Apple (NASDAQ: AAPL) is often called by Warren Buffett the “third company in Berkshire”. This statement makes even more sense when you realize that Berkshire’s stake in Apple is worth $ 134.5 billion and represents just over 42% of its company’s portfolio.

One of the reasons Apple is such an overwhelmingly successful company is its branding. Every time a new product comes out, you will see brand loyalty manifesting itself and customer lines spread across its stores. Apple is the world’s most valuable brand, and no other company comes close, according to a study by Visual Capitalist.

Apple is also benefiting immensely from the switch to 5G, as well as its continued push towards subscription services. Over the past nine months, Apple has recorded $ 153.1 billion in iPhone sales, which is a huge 38% improvement over iPhone sales in the same period a year ago.

Service revenues also hit a record $ 50.1 billion in the nine months of fiscal 2021, representing a 28% year-over-year increase. Since service revenues offer significantly higher and more consistent margins than product sales, Apple’s already insane operating cash flow is expected to increase further in the years to come.

To complete this story, Apple delivers for its shareholders. His dividend has increased 132% since his reinstatement in 2012, and the company has averaged $ 15.7 billion in quarterly share buybacks over the past five years. It’s the perfect Buffett stock in every way.

A bank manager shaking hands with potential clients.

Image source: Getty Images.

Bank of America: 13.2% of invested assets ($ 41,696,235,482)

Even though Apple is Berkshire’s biggest undisputed stake, Buffett’s favorite place to make his company’s money work is bank stocks. And there ain’t no bank stocks he loves more than Bank of America (NYSE: BAC).

Generally speaking, the Oracle of Omaha likes cyclical businesses. He fully understands that while recessions are inevitable, they usually only last a few months to a few quarters. By comparison, periods of economic expansion often last for years or even a decade. Bank stocks like BofA are perfectly positioned to take advantage of these long-term expansions.

Bank of America is also the most sensitive to the interests of central banks. In the company’s latest quarterly presentation, BofA notes that a parallel shift in the interest rate curve by 100 basis points would generate around $ 8 billion in additional net interest income over the next 12 months. Since this income would be based on existing loans, it would actually go directly to his bottom line. When the Federal Reserve inevitably raises rates, Bank of America will be a major beneficiary.

And don’t overlook BofA’s enhanced digital engagement trends, either. With more of its customers moving their banking transactions online or to mobile, BofA has been able to consolidate some of its branches and reduce its non-interest charges.

With a rich history of dividend payments and share buybacks, Bank of America is expected to be a long-time Berkshire Hathaway stake.

A person holding an American Express gold business card.

Image source: American Express.

American Express: 7.6% of invested assets ($ 24,219,809,325)

Credit services giant American Express (NYSE: AXP) is the third oldest position in Berkshire Hathaway’s portfolio, and also one of Buffett’s best long-term investments. AmEx was initially added in 1993, and its base cost is $ 8.49 per share. Not too bad, considering that it closed last week at almost $ 160 a share.

The American Express buying thesis is very similar to that of bank stocks. The duration of economic expansions is disproportionately longer than that of contractions and recessions. This means that a company like AmEx, which benefits from an increased number of merchant transactions and increased spending, will thrive as the US and global economy grows.

Of course, American Express has another trick up its sleeve. He has always had the gift of attracting a wealthy clientele. Wealthy people are much less likely to adjust their spending habits in the event of a minor economic downturn. This means less likelihood of delinquent credit accounts and a faster rebound from economic downturns for American Express, compared to many of its peers.

It doesn’t sound like a record, but American Express is also analyzing what has become a big dividend for Berkshire Hathaway. Even though AmEx only earns 1.1%, its base annual payment of $ 1.72 equates to a return of 20.3%, based on Berkshire’s initial cost.

Two people snapping their Coke bottles together as they sat and chatted outside.

Image source: Coca-Cola

Coca-Cola: 7.2% of invested assets ($ 22,656,000,000)

Fourth and last is the beverage giant Coca Cola (NYSE: KO). Of the 46 titles currently held by Berkshire Hathaway, Coca-Cola is the oldest at 33.

Similar to Apple, Buffett probably appreciates Coca-Cola for its geographic reach and exceptional branding. Coke sells its products in all but two countries of the world (North Korea and Cuba) and has more than 20 beverage brands generating at least $ 1 billion in annual sales. In addition, it controls 20% of the cold drink market in developed markets, which provides very predictable cash flow, and holds a 10% share of cold drinks sold in emerging markets, where the company can gain potential. higher growth in the future.

It is also one of the most recognized brands in the world. Coke sparked its omnichannel presence by using social media and relying on well-known brand ambassadors to engage with multiple generations of consumers.

But what Buffett would love most about Coca-Cola is the insane dividend his company receives every year. At first glance, Coke’s base annual payment of $ 1.68 doesn’t look so impressive. But when you factor in that Berkshire’s cost base is around $ 3.25 per share, the Omaha Oracle cost return is closer to 52%! In other words, Buffett doubles his initial investment in Coca-Cola every two years, thanks only to the dividend.

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! Questioning 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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Solskjaer must make ruthless decisions on three Manchester United players https://beaconatbangsar.com/solskjaer-must-make-ruthless-decisions-on-three-manchester-united-players/ Mon, 23 Aug 2021 13:00:00 +0000 https://beaconatbangsar.com/solskjaer-must-make-ruthless-decisions-on-three-manchester-united-players/

Manchester United failed to secure their second straight Premier League victory on Sunday afternoon after Southampton held them to a draw.

While there were some bright spots in the game, particularly in attack where Paul Pogba grabbed attention with another solid display and Mason Greenwood found the net again, the game also drew the attention to several key decisions that Solskjaer must take over the coming week.

The United midfielder couldn’t resist Southampton’s intense pressing style and often lost the ball recklessly in dangerous situations.

The midfielder’s lack of cohesion and backbone will be a worry for Solskjaer as he embarks on a quest to return the Premier League title to Old Trafford.

This will be even more worrying given that the Norwegian has deployed two starting midfielders to Nemanja Matic and Fred.

And with a game against Wolves next weekend, the Norwegian has three key personnel decisions to make. Here, the MEN have selected the players that Solskjaer may have to give up for next weekend …

Antoine Martial

The French striker has just returned from a long injury absence and he didn’t look sharp enough against Southampton.

Martial produced a languid performance and Solskjaer will have to seriously consider starting the striker in United’s next game.

With Greenwood having drawn attention with another goal – and United looking more dangerous when the teenager plays at the forefront of the attack in a central role – Martial falling to the bench would be more than justified.

Martial needs to get back in shape. When he does, he’ll be ready for use in the future, but the Wolves game should see him return to the bench.

With an upcoming international break, the period will allow Martial to regain clarity with no competitive matches on the horizon.

Nemanja Matic

The Serbian international was not in the game against Southampton.

However, Solskjaer faces a difficult dilemma. There is no traditional midfielder in the United squad who can play the role of Matic, which means United could be looking to enter the transfer market.

But as time passes, the likelihood of the club signing another player remains slim.

Solskjaer must decide if he persists with Matic in the squad or prepares someone else in the role.

If the Serbian stays in the starting 11, United will still be at risk of being exposed for their lack of pace in midfield.

Fred

Fred didn’t have the best of games and he will be largely responsible for the deflection that led to Southampton’s only goal of the game.

The Brazilian was slow to shut down Che Adams and it ultimately cost United all three points in the game.

However, when Fred was replaced United looked even more disjointed without him.

There’s no denying the Brazilian’s ability to cover the pitch in midfield and tackle opponents, but his pass can be crooked and he can be caught in position.

With people like Scott McTominay and Donny van de Beek waiting on the sidelines, Solskjaer has other options as well, and he must decide if Fred is worth persisting.

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