Month: February 2020

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Why You Should Know “The Indispensable Man”

February 17, 2020 admin Comments Off on Why You Should Know “The Indispensable Man”

Editor’s Note: Happy Presidents Day! The markets – and The Oxford Club’s offices – are closed, but I hope you’ll enjoy today’s essay all the same. In it, Alexander Green reflects on his favorite president and why a reproduction of a famous painting of that president hangs above his mantel.
– Christina Grieves, Senior Managing Editor

Over the holidays, some friends and neighbors came over for a dinner party.
A couple of them asked about the painting hanging over my fireplace in the living room.
It is a large oil-on-canvas replica of the famous 1851 painting by Emanuel Leutze that depicts George Washington crossing …read more […]

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These 3 Chip Giants Keep Hitting New Highs: Are They Still Buys?

February 17, 2020 admin Comments Off on These 3 Chip Giants Keep Hitting New Highs: Are They Still Buys?

The semiconductor industry is turning around. It’s no secret that chip stocks lost heavily in 2H18, and had difficulty regaining traction through much of 2019. But in recent months, many of the big chip makers have seen sharp gains.While individual companies will show idiosyncratic reasons for gains, the sector as a whole has been positively impacted by three major factors starting in 2H19. First, and probably most important, is the continuing expansion of 5G mobile networks. The wireless switchover requires new types of modem chips to handle the new signal bands, and chipmakers are seeing increased orders from the original …read more […]

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Pier 1 Files Chapter 11 Bankruptcy Amid Talks With Buyers

February 17, 2020 admin Comments Off on Pier 1 Files Chapter 11 Bankruptcy Amid Talks With Buyers

(Bloomberg) — Pier 1 Imports Inc. filed for bankruptcy after the retailer of eclectic home furnishings found itself squeezed by online rivals and crushed under too much debt.The company, based in Fort Worth, Texas, has started voluntary Chapter 11 proceedings to “facilitate an orderly sale process” as part of an agreement with a majority of its term loan lenders, according to a statement released Monday. Pier 1 is in talks with multiple potential buyers and has received approximately $256 million of debtor-in-possession financing from Bank of America, Wells Fargo and Pathlight Capital.–With assistance from Rick Green.To contact the reporters on …read more […]