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Trading Ideas

Arizona’s Medical Cannabis Success Story

There are markets out there humming along.
Despite years of success, they go largely unnoticed.
They don’t grab headlines, earn fanfare or draw the attention of table-pounding cheerleaders.
Nonetheless, they keep chugging along.
Well, today, I’m going to share a chart with the data that finally ignited a market frenzy in 2019.
After years of under-the-radar growth and hundreds of millions in sales, companies finally woke up to this market’s true potential. And the race for dominance was on.
In 2011, Arizona became the 14th state to legalize medical cannabis.
That makes it an old dog in this nascent industry.
The state’s medical market is overlooked by many, …read more […]

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Alstom to Buy Bombardier Train Unit for Up to $6.7 Billion

(Bloomberg) — French train maker Alstom SA agreed to buy the rail unit of Bombardier Inc. for as much as 6.2 billion euros ($6.7 billion) to almost double in size, as the Canadian firm offloads assets following a costly expansion in aerospace.Alstom, based in Saint-Ouen, near Paris, will pay as little as 5.8 billion euros in the cash-and stock transaction outlined in a memorandum of understanding, according to a statement Monday. The acquisition is likely to add to earnings per share within two years and generate as much as 400 million euros in annual savings for Alstom within five years.Combining …read more […]