Year: 2020

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Did Hedge Funds Drop The Ball On Penn National Gaming, Inc (PENN)?

August 10, 2020 admin Comments Off on Did Hedge Funds Drop The Ball On Penn National Gaming, Inc (PENN)?

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, a week after the market trough. Now, we are […] …read more […]

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Kodak shares plunge after U.S. blocks $765 million loan deal

August 10, 2020 admin Comments Off on Kodak shares plunge after U.S. blocks $765 million loan deal

The U.S. International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena. U.S. President Donald Trump said last week the government would investigate the circumstances surrounding the announcement of the loan. “Recent allegations of wrongdoing raise serious concerns,” U.S. International Development Finance Corp (DFC) said late on Friday in a tweet. …read more […]

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Yahoo Finance Presents: Levi’s CEO Chip Bergh

August 10, 2020 admin Comments Off on Yahoo Finance Presents: Levi’s CEO Chip Bergh

On this episode of Yahoo Finance Presents, Levi Strauss & Co. President and CEO Chip Bergh sat down with Yahoo Finance’s Brian Sozzi to discuss the company’s activity during the coronavirus pandemic, including dispelling the myth of “athleisure” wear affecting sales, the looming uncertainty of the “back to school” clothes shopping season, consumer behavior during COVID-19, as well as future plans for both products and retail and brand expansion. …read more […]

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Marriott posts bigger-than-expected loss as virus hits bookings

August 10, 2020 admin Comments Off on Marriott posts bigger-than-expected loss as virus hits bookings

Marriott’s shares, down 40.3% this year, fell 3.8% in premarket trading as the company also reported an 84.4% plunge in revenue per available room (RevPAR) – a key performance measure for the hotel industry. “While our business continues to be profoundly impacted by COVID-19, we are seeing steady signs of demand returning”, Marriott Chief Executive Officer Arne Sorenson said in a statement. Marriott last reported a quarterly loss in the third quarter of 2011. …read more […]

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Nature Knows Where the Stock Market Is Headed

August 10, 2020 admin Comments Off on Nature Knows Where the Stock Market Is Headed

Gold is up… bonds are up… and stocks are up.
Sounds like we were right. Diversification is dead.
It turns out that when we let things run wild… the wild does funny things.
It’s true in stocks and life.
We had a professional ballroom dancer stop by the farm last week. “It’s hard to dance when we’re not allowed within 6 feet of each other,” she told us. “And even if we could, we can’t get an audience.”
So she’s doing the next best thing for a person with a master’s degree in dance… She’s foraging for food.
I’ll Eat That
That’s right. She wants to use …read more […]

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Sri Lankan man pays a gold shop to let him sweep the floors to fund his decades-long addiction

August 10, 2020 admin Comments Off on Sri Lankan man pays a gold shop to let him sweep the floors to fund his decades-long addiction

Mavin has been addicted to heroin for decades. To pay for his habit he’s found what he says is the easiest way to earn money, sweeping floors in gold shops. But rather than being paid to do the job, he’s the one who has to pay the shop owners. The dust he sweeps up is how he can afford his “medicine”.

The Sri Lankan government runs rehabilitation centres for those who suffer from substance abuse and dependency under the Bureau of Commissioner General Rehabilitation. There are also other… …read more […]