Articles by admin

(Bloomberg) — Steve Cohen told his hedge fund’s clients that owning a Major League Baseball team won’t supplant his true passion: investing.The billionaire, nearing a deal that would give him control of the New York Mets, said in a letter to investors that the move won’t change his role at Point72 Asset Management, where he is chief executive officer.Baseball is more about fulfilling a childhood dream. Cohen rooted for the Mets while growing up on Long Island and attended games at the Polo Grounds, where the team started out.“It has always been a dream of mine to be a majority …read more […]

(Bloomberg) — Amazon.com Inc. claims it lost a Pentagon cloud contract valued at as much as $10 billion because of political interference by President Donald Trump, according to the judge overseeing the case.Federal Claims Court Judge Patricia Campbell-Smith said during a court proceeding last week that Amazon’s lawsuit argues that the Pentagon didn’t award the cloud deal to Microsoft Corp. on the basis of a fair evaluation of the companies’ bids.“Plaintiff contends that the procurement process was compromised and negatively affected by the bias expressed publicly by the president and commander in chief Donald Trump against plaintiff,” Campbell-Smith said in …read more […]

Hedge funds are known to underperform the bull markets but that’s not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […] …read more […]

Does the December share price for Las Vegas Sands Corp. (NYSE:LVS) reflect what it’s really worth? Today, we will… …read more […]

Significant additional regulatory requirements or delays in returning Boeing Co’s 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in a letter seen by Reuters on Thursday. Boeing said it does not expect 737 MAX order cancellations due to the grounding of its best-selling single-aisle jet to have a material impact on revenues or earnings. The 737 MAX, Boeing’s best-selling plane, has been grounded worldwide since March after crashes in Indonesia and Ethiopia that killed 346 people in the span of five months. …read more […]

As 2019 draws to a close, let’s reflect on some of the biggest stories of the year for cannabis… and take a peek at what lies ahead for 2020.
We recently invited our friends Justin Strekal from the National Organization for the Reform of Marijuana Laws (NORML) and Morgan Fox from the National Cannabis Industry Association to sit down with us for our first ever “Legislative Roundtable.”
There are few individuals who better understand the inner workings of cannabis legislation than Justin and Morgan.
For a decade, they have had their fingers on the pulse of what’s going on in Washington, D.C. – …read more […]

How far off is Lowe’s Companies, Inc. (NYSE:LOW) from its intrinsic value? Using the most recent financial data, we’ll… …read more […]

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]

If you’re interested in Lumber Liquidators Holdings, Inc. (NYSE:LL), then you might want to consider its beta (a… …read more […]