Profit selling – Stormbirds http://stormbirds.net/ Mon, 11 Oct 2021 06:02:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://stormbirds.net/wp-content/uploads/2021/07/icon-2021-07-05T151758.466-150x150.png Profit selling – Stormbirds http://stormbirds.net/ 32 32 Is it time to put Pengana Capital Group (ASX: PCG) on your watchlist? http://stormbirds.net/is-it-time-to-put-pengana-capital-group-asx-pcg-on-your-watchlist/ Mon, 11 Oct 2021 05:43:09 +0000 http://stormbirds.net/is-it-time-to-put-pengana-capital-group-asx-pcg-on-your-watchlist/ For newbies, it might seem like a good idea (and an exciting prospect) to buy a business that tells investors a good story, even if it lacks a history of revenue and profit altogether. But as Peter Lynch put it in One Up on Wall Street, ‘Long shots hardly ever pay off.’ Contrary to all […]]]>

For newbies, it might seem like a good idea (and an exciting prospect) to buy a business that tells investors a good story, even if it lacks a history of revenue and profit altogether. But as Peter Lynch put it in One Up on Wall Street, ‘Long shots hardly ever pay off.’

Contrary to all this, I prefer to spend time on companies like Pengana Capital Group (ASX: PCG), which not only has revenue, but also profits. While profit isn’t necessarily social good, it’s easy to admire a business that can consistently produce it. Loss-making businesses always race against time to achieve financial viability, but time is often the friend of the profitable business, especially if it is growing.

Discover our latest analysis for Pengana Capital Group

How fast is Pengana Capital Group growing?

The market is a short-term voting machine, but a long-term weighing machine, so the stock price eventually follows earnings per share (EPS). So it’s no surprise that I like to invest in companies with growing EPS. Over the past three years, Pengana Capital Group has increased its EPS by 5.2% per year. While this type of growth rate is not surprising, it does show that the business is growing.

A close look at revenue growth and profit before interest and tax (EBIT) margins can help shed light on the sustainability of recent earnings growth. I note that the revenues of Pengana Capital Group operations was lower than its turnover for the last twelve months, which could skew my analysis of its margins. Pengana Capital Group shareholders can be confident that EBIT margins have increased from 14% to 21% and revenues are increasing. Checking those two boxes is a good sign of growth in my book.

The graph below shows how the company’s bottom line has progressed over time. Click on the graph to see the exact numbers.

income-and-income-history

Pengana Capital Group is not a large company considering its market capitalization of A $ 189 million. It is therefore very important to check the strength of its balance sheet.

Are Pengana Capital Group Insiders Aligned with All Shareholders?

Like that fresh smell in the air when the rains come, insider buying fills me with optimistic anticipation. Because often buying stocks is a sign that the buyer sees them as undervalued. Small purchases aren’t always indicative of conviction, however, and insiders don’t always make the right choices.

We note that insiders of Pengana Capital Group have spent AU $ 243,000 on shares in the past year; however, we did not see any sales. It puts the company in a good light because it makes me think its leaders feel confident. We also note that it was the independent non-executive director, Kevin Eley, who made the largest acquisition, paying AU $ 90,000 for shares at around AU $ 1.81 each.

The good news, along with insider buying, for bulls in Pengana Capital Group is that insiders (collectively) have a significant investment in the stock. To be precise, they have A $ 59 million worth of stock. This shows strong buy-in and may indicate a belief in business strategy. These holdings represent more than 31% of the company; skin visible in the game.

Does Pengana Capital Group deserve a spot on your watchlist?

As I mentioned before, Pengana Capital Group is a growing company, that’s what I like to see. Better yet, insiders are large shareholders and have bought more shares. This makes the company a prime candidate for my watchlist – and arguably a research priority. However, you should always think about the risks. Concrete example, we have spotted 3 warning signs for Pengana Capital Group you must be aware.

As a growth investor, I like to see insider buying. But Pengana Capital Group is not the only one. You can see a free list here.

Please note that the insider dealing discussed in this article refers to reportable trades in the relevant jurisdiction.

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 material. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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New York affordable housing project has been empty for more than 2 years http://stormbirds.net/new-york-affordable-housing-project-has-been-empty-for-more-than-2-years/ Sat, 09 Oct 2021 21:02:00 +0000 http://stormbirds.net/new-york-affordable-housing-project-has-been-empty-for-more-than-2-years/ Three dozen affordable Brooklyn apartments have been vacant for more than two years despite the city’s desperate need for such housing. Borough Park’s empty condos, designed for large families, have been in the works for more than 15 years – after the city decided to sell the land for development to the non-profit South Brooklyn […]]]>

Three dozen affordable Brooklyn apartments have been vacant for more than two years despite the city’s desperate need for such housing.

Borough Park’s empty condos, designed for large families, have been in the works for more than 15 years – after the city decided to sell the land for development to the non-profit South Brooklyn Community Organization.

Then Mayor Michael Bloomberg trumpeted the need for affordable housing in 2005 when he announced the pending sale. But the project has experienced delays, according to a report.

The head of the South Brooklyn Community Organization blamed the latest setback on the pandemic, saying the group was set to seek approval from the state attorney general’s office to begin selling the 36 units in early 2020 when COVID-19 hit.

“The project has been terribly affected by the pandemic, as our offices have been forced to close, along with those of our lawyers and, of course, the office of the GA,” Rabbi Avrohom Jaffe said. “With the complexity of communicating over distance, what should have taken weeks in face-to-face meetings actually took several months. “

He said the attorney general approved the offer plan in April and an amendment deeming it “effective” was approved last month.

The city sold the land to begin developing the condos to the non-profit South Brooklyn Community Organization 15 years ago.
South Brooklyn Community Organization

The attorney general’s office blamed the developer, saying he received the wrong documents to approve the project.

The apartments, which are on land that was once the right-of-way for the Culver Elevated Rail Line, start at around $ 330,000 for a three-bedroom unit. The income limit for buyers depends on the number of occupants, with the maximum reaching about $ 142,000 for seven people in a three bedroom.

The municipal Department of Housing Preservation & Development, which helped process condo applications, said owners should be able to move out this fall, but did not provide details.


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Mysterious esports organization goes on sale for over $ 3 million with League and CSGO teams http://stormbirds.net/mysterious-esports-organization-goes-on-sale-for-over-3-million-with-league-and-csgo-teams/ Fri, 08 Oct 2021 16:47:37 +0000 http://stormbirds.net/mysterious-esports-organization-goes-on-sale-for-over-3-million-with-league-and-csgo-teams/ An unknown Russian esports organization has listed for sale on the MicroAcquire startup acquisition marketplace for a total of $ 3.15 million. The last few years of the esports industry can just as easily be dubbed “the era of venture capital,” with nearly every leading organization raising millions of dollars from investors. Some organizations were […]]]>

An unknown Russian esports organization has listed for sale on the MicroAcquire startup acquisition marketplace for a total of $ 3.15 million.

The last few years of the esports industry can just as easily be dubbed “the era of venture capital,” with nearly every leading organization raising millions of dollars from investors.

Some organizations were also sold for a lot of money during this time, like OpTic Gaming is a prime example, but one company is forgoing this trend in favor of another method.

An unspecified Russia-based esports organization is listed on an online marketplace, hoping to find a new investor as current operators consider an exit strategy.

MicroAcquire

MicroAcquire enables buyers and sellers to join and do business.

The organization is unknown but they specify that they are Russian, that they participate in League of Legends and Counter-Strike: Global Offensive, and that they have generated $ 300,000 in revenue in the past 12 months.

The unknown company claims that it is one of the “ten most popular organizations in the CIS” and that it receives more than 8 million views of its content every month.

Their asking price to an investor is $ 3.15 million. They would apparently use the funds to help grow their sales team to maximize what they generate through referrals and ads, with the ultimate goal of increasing the return 2-3 times over the next three years.

The organization wants to sell its business, either through an acquisition or an initial public offering (IPO), for up to $ 8 million. The sale details listed on the market indicate that they are open to a full sale, but also welcome the idea of ​​selling 15%, 21% or 48% of the business.

They claim to have generated $ 35,000 in income in the past month, of which no profit was made, as part of an annual profit of $ 300,000 which also brings no profit.


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6 things all best-selling business books have in common http://stormbirds.net/6-things-all-best-selling-business-books-have-in-common/ Thu, 07 Oct 2021 13:00:00 +0000 http://stormbirds.net/6-things-all-best-selling-business-books-have-in-common/ Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur United States, an international Entrepreneur Media franchise. Over 2.2 million business books are published each year, but only a handful of them enjoy bestseller status. Even so, there are some commonalities among business writers who have books that consistently top the charts. Following […]]]>

Opinions expressed by Contractor the contributors are theirs.

You are reading Entrepreneur United States, an international Entrepreneur Media franchise.

Over 2.2 million business books are published each year, but only a handful of them enjoy bestseller status. Even so, there are some commonalities among business writers who have books that consistently top the charts. Following their proven formula gives any aspiring writer a solid shot at success.

That being said, it is naive to think that there is one easy and unique secret, and what makes or breaks a book’s success is ultimately determined by several factors. Before you put pen to paper, it’s important that writers consider the big picture and follow through with clear guidelines and goals in mind.

A little technical forethought gives a book the best possible shot at finding and connecting with an audience, which is crucial for any writer looking to make a splash. Make sure your book and your publishing and promotion strategy meet these basic needs.

1. Practical advice

When a person picks up a business book, they are looking for something quite different from fiction or leisure reading. While they may be interested in the story and style of the writer, ultimately what readers want is advice that is easily applicable to their professional lives.

It can take almost countless forms – from time management to supply chain philosophy, and most business books live or die on the quality of the advice they give to readers. Before a writer starts a book, he needs to make sure that he has something to say to his audience that deserves his audience’s time and attention. Without it, the ship is doomed to failure before it even sets sail.

It is important to understand that readers seek to gain new perspectives through business books, but they also need to be assured that these solutions are grounded in reality.

Related: How to give good advice

2. Proven solutions

Once a book has established its niche and recommended actions, the writer should make sure that his words are backed up by facts. In business especially, people want to see data packaged and presented in a digestible way.

It is essential to back up their claims with facts, otherwise the words may simply be swept aside as pure conjecture with no basis in reality. In business, there is no room for this kind of fluff, and citing credible sources reinforces your legitimacy.

The best way to justify words and gain your reader’s trust isn’t just to regurgitate studies – connect with them and comment on the trends as a whole. This, together with the first-hand experiences of the writer’s professional past, gives the advice a more comprehensive effect.

Pair it all with a personal touch and the book takes another big step towards success.

3. A polished product

Even the best tips and solutions can be hampered by poor editing and poor writing, and virtually all bestselling books have gone through several rounds of edits before they go on sale.

The importance of editing cannot be understated as it provides a level of sophistication to a book that the writer himself cannot provide. Having an editor smoothing out any overlooked grammatical errors and making sure that the ideas and advice support each other makes the reader much more likely to believe the writer’s post.

Details like font choice and book cover design are easy to navigate, but they need to be consistent and engaging in order for readers to notice the book. Polishing these aspects to a professional standard is an essential job for any writer before embarking on publishing.

4. A clear publication plan

Writers have more choices than ever before when considering publishing options, and decisive selection and completion of a publisher is a strong indicator of any book’s future success. The two main avenues are to go and work with a traditional publisher, whether it is one of the big five or an independent press, or to self-publish.

There is a world of difference between the two, but in short, self-publishing gives a writer more potential profit while traditional publishers offer more support and structure.

Entrepreneurial writers naturally tend to have marketing, production, and distribution skills, which outweighs the major drawbacks of self-publishing.

There is a third option, which is also worth mentioning: the hybrid edition. In theory, hybrid publishing gives copywriters the best of both worlds – speed, control, and ownership – but with the added benefits of editing, design, marketing, and whatever support you might get. from a traditional editor. Writers who choose to work with a hybrid publisher can expect to pay between $ 10,000 and $ 50,000.

Related: Consider this before you self-publish your book

5. Modern marketing campaigns

While quality content is what will keep readers going, a solid marketing campaign is what will grab their attention in the first place. Classic marketing campaigns for a book include reviews and entering a writing contest for recognition, and these will always work for some.

A more modern approach, especially for writers who already have a large following, is promotion through email and social media campaigns. This activates the network they already have that is supportive of them, and through word of mouth and successful ad targeting, finds like-minded people who would love their jobs.

6. Stay active with the audience

Writers aren’t always known as the most social group, but being active and approachable after a book is published can help maintain the crucial momentum for a newly published book. Live question-and-answer sessions with an author engage their audience on a personal level and can also serve as a testing ground for new ideas. Promoting their own work through presence and conversation can help tip the scales in favor of a writer.

Related: 5 proven tips to effectively market your first book

There are no guarantees in the publishing industry, and sometimes a writer needs a little luck on their side to be successful. These proven methods allow a book to succeed regardless of luck and give you a real chance at success.


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Sell ​​a house “as is” | Take me home | Fold | The Weekly Source http://stormbirds.net/sell-%e2%80%8b%e2%80%8ba-house-as-is-take-me-home-fold-the-weekly-source/ Wed, 06 Oct 2021 22:27:47 +0000 http://stormbirds.net/sell-%e2%80%8b%e2%80%8ba-house-as-is-take-me-home-fold-the-weekly-source/ WWhat does “as is” mean in real estate? We all know what the term implies when buying a used vehicle, but is it the same in real estate? Technically, when a home is listed as is, it means the owner is selling the home in its current condition and will not make any repairs or […]]]>

WWhat does “as is” mean in real estate? We all know what the term implies when buying a used vehicle, but is it the same in real estate? Technically, when a home is listed as is, it means the owner is selling the home in its current condition and will not make any repairs or improvements to the property until the sale closes. It can also mean that no repair credit or price negotiation is available to fund repairs / improvements. The term as is basically tells potential buyers that what they see is what they get.

In the State of Oregon Home Purchase Agreement, there is a clause that specifically addresses the state “As Is”. It states: “With the exception of the express agreements and written representations of the Seller contained herein, and the disclosure of the ownership of the Seller, the Buyer is purchasing the Property” As is “, in its present condition and with all apparent defects or not. ”

If the aforementioned statement is already in the purchase contract, why would a seller specifically state in the listing that the property is being sold as is? In some cases, people who sell houses with the declaration as is in advance, the seller may not have the financial capacity or the capacity to repair defects, postpone maintenance or repair / replace broken items. Alternatively, the property may have been owned by a bank or has been left to an heir as part of an estate settlement where the selling party has no knowledge of potential issues or repairs.

Although a property is listed to be sold as is, this does not exempt the seller from disclosing any problems or repairs of which they are aware. Seller should always complete Seller Property Disclosure Forms and Addenda to the best of their knowledge. In addition, this clause as is does not prevent the buyer from performing a professional inspection of the home to determine and assess potential problems. The buyer can always withdraw from the contract based on what he finds during a home inspection, unless the buyer has expressly waived their right to a home inspection and a period of contingency for home inspection. It is extremely important to consider the consequences of waiving a home inspection, especially on a property that is as is. Most often there are issues that cannot be seen during a walkthrough. Having an inspector with a trained eye that crawls all over and under the house is crucial when buying a house that is in poor condition.

The term as is can certainly be an early indication that the property is in need of repair or that it is a redevelopment. The downside to listing a property for sale as is is that the term automatically indicates that there are serious issues with the property. This in turn can lead to modest bids from potential buyers, a longer sales process and time to market, and a narrower pool of buyers. For a buyer, this can offer the opportunity to buy at a lower price, add value, and generate profit. It can also mean a fun project that turns into a money pit.

In either case, it is important to discuss the pros and cons of selling as is or buying as is with a real estate professional.


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Recent White House tax study shows rich people pay lower rate than everyone else – ProPublica http://stormbirds.net/recent-white-house-tax-study-shows-rich-people-pay-lower-rate-than-everyone-else-propublica/ Wed, 06 Oct 2021 09:00:00 +0000 http://stormbirds.net/recent-white-house-tax-study-shows-rich-people-pay-lower-rate-than-everyone-else-propublica/ ProPublica is a non-profit newsroom that investigates abuse of power. This column was originally published in Not Shutting Up, a newsletter on issues of journalism and democracy. Register here. Ten years ago, in an essay for the New York Times, Warren Buffett revealed that he paid nearly $ 7 million in federal taxes in 2010. […]]]>

ProPublica is a non-profit newsroom that investigates abuse of power. This column was originally published in Not Shutting Up, a newsletter on issues of journalism and democracy. Register here.

Ten years ago, in an essay for the New York Times, Warren Buffett revealed that he paid nearly $ 7 million in federal taxes in 2010. “That sounds like a lot of money,” he said. -he writes. “But what I paid was only 17.4 percent of my taxable income – and that’s actually a lower percentage than that paid by one of the other 20 people in our office. Their tax burden ranged from 33% to 41% and averaged 36%.

The words “taxable income” do a lot of work in this sentence.

Buffett owns a substantial number of shares in Berkshire Hathaway, the hugely successful holding company he founded decades ago. As the company’s shares have skyrocketed almost every year, its wealth has increased by billions. Under the US tax code, none of this is taxed until he sells stocks at a profit.

A little math shows that Buffett’s 17.4% rate meant he reported income of around $ 40.2 million in a year that Forbes said his wealth increased by $ 3 billion. of dollars. His revelation compared how much he was paying the government to the increase in the size of his fortune.

No one did, and Buffett became something of a folk hero for calling for a tax increase.

When we had access to a wealth of tax data on the richest Americans, it quickly became clear to our reporters that Buffett’s comparison of his own tax rate and that of his employees significantly underestimates the inequity. of our tax system. Buffett is far from unique; the documents showed that the amount of money people like Michael Bloomberg, Jeff Bezos, or Elon Musk reported to the IRS as income was infinitesimal compared to their annual wealth gains.

Thus, the first story of our “Secrets IRS Files” series introduced a new concept that makes more sense in our golden age of the 21st century; we called it “the real tax rate”. We’ve compared the annual taxes paid by the ultra-rich to their wealth gains to give readers a sense of how the system actually works.

From 2014 to 2018, we noted, Buffett paid $ 125 million in federal taxes. Like he said, that sounds like a lot. But according to Forbes, his wealth grew by $ 24.3 billion during that time, bringing his true tax rate to 0.1%. In a detailed written response, Buffett defended his practices but did not directly address the true calculation of ProPublica’s tax rate.

When we published this story, howls of rage rang out from the free corners of Twitter to the ornate offices of Wall Street. Some of the more pissed off critics wrote to me directly and asked if I was if @ #[email protected] stupid not to have understood the meaning of the word “income tax”.

“This story, unfortunately, reeks of ‘class envy’,” wrote one angry reader. “If this was all about getting clicks, you made your money. We are a non-profit organization and our ad revenue adds next to nothing to our annual budget, but I understand this reader’s most important point, which we noted in the story: the ultra-rich just do what the current tax code invites them to do so.

The debate intensified, and the tax proposals backed by the White House and put forward by Congressional Democrats largely followed the traditional approach of raising rates on income. A separate bill introduced by Senators Elizabeth Warren and Bernie Sanders to impose a 3% tax on all wealth over $ 1 billion is seen as unlikely to pass.

The reluctance to adopt a wealth tax runs deep. The biggest donors on both sides would be hit hard by such a law. And as we pointed out in our initial story, the complexities of taxing wealth are not trivial. Several countries have tried and struggled to find a fair way to tax capital gains. Does an entrepreneur whose shares skyrocket in one year and pay a hefty tax deserve a rebate if his company’s shares fall the following year?

That said, we took note when White House economists released a study that used publicly available data to estimate “the average federal personal income tax rate paid by the top 400 richest American families. “in recent years, determined using a more comprehensive measure of income. . “Their methodology was similar to ours, and their findings – that these families earned $ 1.8 trillion from 2010 to 2018 and paid 8.2% in taxes – are consistent with what we found in the data. tax.

The authors say their findings are evidence to support President Joe Biden’s plan to tweak the existing system; the words “wealth tax” are not mentioned. They highlight the administration’s proposal to impose higher tax rates on stock dividends and on capital gains, the profit an investor earns from the sale of a stock whose value has increased. .

(The Biden administration proposed to remove a provision in the tax code that protects heirs who inherit shares from payment of capital gains tax on growth in value that occurred before the shares were transferred. )

None of the proposed changes come close to filling the biggest hole in the system – that an ultra-rich person can live comfortably on wealth gains without ever selling a single stock. As our initial story pointed out, the Buffetts and Bezos of the world can borrow against the value of their considerable holdings and live comfortably without selling stocks or receiving dividend income, which new companies like Tesla and Amazon do not pay. not.

The strategy, known as “buy, borrow, and die,” allows the rich to quickly amass fortunes, pay no tax on those gains, and pass much of the wealth on to their descendants.

Herb and Marion Sandler, the founders of ProPublica, made it clear from the start that they hoped our journalism would spur change in the real world. They weren’t particularly interested in stories whose greatest effect was that they had “started a conversation.”

We always measure our success by tangible effects. But over the years, we’ve seen that the path to impacting very complex issues can begin by changing the conversation.

Lawmakers have said some of the most egregious tax loopholes we’ve exposed, including multibillion-dollar Roth IRA accounts, will be investigated as Congress passes tax legislation in the coming months.

It is not clear where the larger conversation on taxation of wealth will lead. As the White House document suggests, a new way of thinking about equality and taxation has taken center stage. Whether this ultimately results in change remains an open question.



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Pink selling Barry Manilow’s Malibu pad 4 months after purchase http://stormbirds.net/pink-selling-barry-manilows-malibu-pad-4-months-after-purchase/ Tue, 05 Oct 2021 21:54:00 +0000 http://stormbirds.net/pink-selling-barry-manilows-malibu-pad-4-months-after-purchase/ The “Just Give Me a Reason” frontman Pink yesterday listed the former Malibu mansion of “Copacabana” singer Barry Manilow for $ 15 million, just four months after buying it for $ 13.7 million in June. . The newly renovated beach house has intergenerational significance, having belonged both to the man who “wrote the songs that […]]]>

The “Just Give Me a Reason” frontman Pink yesterday listed the former Malibu mansion of “Copacabana” singer Barry Manilow for $ 15 million, just four months after buying it for $ 13.7 million in June. .

The newly renovated beach house has intergenerational significance, having belonged both to the man who “wrote the songs that made the whole world sing” from 1999 to 2012 and now to the woman who is “always a rockstar”.

But we don’t know why she is unloading the property so quickly. Reports have described the listing as a “return,” but Pink will make less than 6% profit on the property when broker fees are factored in. And she doesn’t appear to have done any renovations, permit records and listing photos show.

Representatives for Pink and listing broker Lily Harfouche with Compass did not respond to requests for comment from The Post.

The house has light oak hardwood floors.
Realtor.com
A gas fireplace is in the living room.
A gas fireplace is in the living room.
Realtor.com

The 7,000 square foot mansion was built in 1976. Manilow sold the property to a professional hockey player for $ 5.45 million in 2012, making a profit of $ 2.45 million.

After four years of renovations, the hockey player sold the property to a dentist-turned-investor for $ 8.7 million. Before and after shots show the dentist redesigning the kitchen, lightening the floors and adding other modern features. The dentist – who really turned the house upside down – sold it to Pink this summer for $ 13.7 million.

Before-and-after shots suggest the kitchen was redone before Pink bought it.

Before-and-after shots suggest the kitchen was redone before Pink bought it.


The kitchen has a dining area.

The cream and white kitchen has a dining area.


The breakfast nook offers an ocean view.

The breakfast nook offers an ocean view.


The dining room offers an ocean view.

The dining room offers an ocean view.


The dining room has a long chandelier.

The dining room has a long chandelier.


This living room has a bright trey ceiling.
This living room has a bright trey ceiling.
Realtor.com

Inside, the 4,320-square-foot home has oak hardwood floors and a cream-and-white gourmet kitchen, according to Realtor.com.

The oceanfront master suite has a fireplace, two walk-in closets, and a luxurious bathroom, according to Realtor.com.

The 0.16-acre lot offers 180-degree ocean views, front and back porches, a guesthouse and backyard with a built-in barbecue and spa, according to Realtor.com.

This bathroom has a lighted Onyx stone countertop.

This bathroom has a lighted Onyx stone countertop.


A bathroom with a free-standing bathtub is shown.

A bathroom with a free-standing bathtub is shown.


A bathroom with a large walk-in shower is shown.

A bathroom with a large walk-in shower is shown.


A large outdoor entertainment area is shown.

A large outdoor entertainment area is shown.


A swimming pool is shown.

A swimming pool is shown.


An outdoor dining room is shown.

An outdoor dining room is shown.


An outdoor seating area is shown.

An outdoor seating area is shown.


The 42-year-old “Just Give me a Reason”, “What About Us” and “So What” singer is a lifelong Malibu fan. She once owned a $ 12.5 million landlocked Malibu home in Point Dume and rented a beachfront Malibu mansion for $ 65,000 a month, according to reports.

Pink, whose father Jim Moore recently passed away, has 10-year-old daughter Willow and 4-year-old son Jameson with husband Carey Hart. The woman, real name Alecia Beth Moore, was also recently the subject of a documentary, “Pink: All I Know so Far,” which released on Amazon Prime Video this spring.


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Montclair Farmer’s Market Offers Residents Their Fall Favorites http://stormbirds.net/montclair-farmers-market-offers-residents-their-fall-favorites/ Tue, 05 Oct 2021 03:27:00 +0000 http://stormbirds.net/montclair-farmers-market-offers-residents-their-fall-favorites/ Small tents filled the parking lot at Walnut St. Station in Montclair, New Jersey on Saturday morning. The cool fall air surrounded the township residents as they gathered by the entrance with reusable bags. The smell of spices, sweets and hot drinks kissed the noses of the locals. The sound of children laughing, bodies bustling […]]]>

Small tents filled the parking lot at Walnut St. Station in Montclair, New Jersey on Saturday morning. The cool fall air surrounded the township residents as they gathered by the entrance with reusable bags. The smell of spices, sweets and hot drinks kissed the noses of the locals. The sound of children laughing, bodies bustling about and salespeople shouting “Next!” »Filled the large field.

Montclair residents tagged some of their seasonal favorites this past weekend at the Montclair Farmer’s Market. The market not only had a wide variety of seasonal produce for sale, but food artisans also sold their items and dishes. Locals were able to get hold of special seasonal items such as apple cider drinks and donuts, pumpkin and spice donuts and many different pies ranging from apple to strawberry rhubarb.

Product tents tend to have the longest lines on the market.
Amanda Alicea | The Montclarion

In addition to a wide range of products, there were also many types of vendors present for locals to explore and enjoy. Vendors offered a variety of seasonal options like different types of mushrooms, seasonal spices, and even fall-inspired soups.

The market also offered vegan and vegetarian options for people with specific diets. Vendors like Angel Planet Foods offered customers vegan, vegetarian, and gluten-free options.

Caitlin Lonergan, Angel Planet Foods’ sales and marketing associate, was eager to bring residents new seasonal options.

“We always love to have a fun twist on our curries,” Lonergan said. “Our most popular is our Chickpea Curry with Sweet Potatoes, so we recently released an Apple Cinnamon Sweet Potato Curry with Chickpeas for a fall twist.”

Caitlin Lonergan began selling vegan food at the market during the pandemic in September 2020. Photo courtesy of Amanda Alicea

Caitlin Lonergan began selling vegan food at the market during the pandemic in September 2020.
Amanda Alicea | The Montclarion

Lonergan also hopes to encourage more sellers in the market to use more environmentally friendly practices.

“We are trying to make waves in the food industry by implementing more environmentally friendly business practices and hopefully inspiring other companies to do the same,” Lonergan said.

In addition to giving vegans and vegetarians fall-inspired dishes, the vendors also donated a portion of their profits to charities and nonprofits.

Adventure Kitchen is owned by Lynely Jones, who started the business from her home. The company sells various seasonal spices and blends to market customers. They offer organic and original blends like Pumpkin Pie Spice, Hot Hungarian Paprika, and Mexican Sweet Mix.

Gabriella Bauer, a longtime customer and friend of Jones, explained that when customers buy their spices, Jones tries to give back to local communities.

“ten% [of purchases] goes to charity and all products are durable and natural. You can feel the difference in the spices, ”said Bauer.

Gabriella Bauer was a long-time client of Adventure Kitchen before she started working with the company.  Photo courtesy of Amanda Alicea

Gabriella Bauer was a long-time client of Adventure Kitchen before she started working with the company.
Amanda Alicea | The Montclarion

Bauer helps Jones sell his spices at the market every Saturday.

Maryssa Geist, a resident of Montclair, has been shopping at the market for almost three years. Geist’s favorite seller is Everlasting Garden, which sells bouquets, individual flowers, and succulents.

Flowers and plants are also sold among the products in the market.  Photo courtesy of Amanda Alicea

Flowers and plants are also sold among the products in the market.
Amanda Alicea | The Montclarion

“The market is inviting and charming,” Geist said. “I tend to go to the same vendors when I stop at the flower and jam tents.”

Residents can also speak with the market manager, who has set up a tent in the market. Locals can visit the tent with questions or learn about the Good Food Bucks program. The program allows low-income families and the elderly to double their purchases of fruits and vegetables.

When residents bring their Families First cards to the market, they receive SNAP vouchers. When customers use their SNAP benefits at the Marketplace, they receive additional Good Food Bucks which they can also use at the Marketplace.

The Good Food Bucks program helps low-income families get more for their money.  Photo courtesy of Amanda Alicea

The Good Food Bucks program helps low-income families get more for their money.
Amanda Alicea | The Montclarion

Paul Pinto, the marketing director of the Montclair Farmers’ Market, hopes the program will attract more families to the field.

“[Residents] can actually increase the value of what they get from the government, ”Pinto said. “It’s good.”

Paul Pinto sits in the Marketing Director's tent helping residents with questions.  Photo courtesy of Amanda Alicea

Paul Pinto sits in the Marketing Manager’s tent helping residents with questions.
Amanda Alicea | The Montclarion

Montclair residents can visit the market every Saturday for fall favorites until the end of the season in November. The market opens at 8 a.m. and stays open until 2 p.m. and residents who visit in the early afternoon can expect to enjoy food trucks and live music while they shop. . The market is open rain or shine, unless otherwise specified by the Marketing Manager.


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State Board destroys economy – Kyat crashes… Rice, food and fuel costs skyrocket http://stormbirds.net/state-board-destroys-economy-kyat-crashes-rice-food-and-fuel-costs-skyrocket/ Mon, 04 Oct 2021 07:45:18 +0000 http://stormbirds.net/state-board-destroys-economy-kyat-crashes-rice-food-and-fuel-costs-skyrocket/ Food prices and fuel costs have skyrocketed as the value of Myanmar’s currency, the kyat fell 60% in September. During the last week of September, silver exchanges offered 2,700 kyat to the US dollar compared to 1,695 on September 1. The local currency began to fall immediately after the military launched its coup against the […]]]>

Food prices and fuel costs have skyrocketed as the value of Myanmar’s currency, the kyat fell 60% in September.

During the last week of September, silver exchanges offered 2,700 kyat to the US dollar compared to 1,695 on September 1.

The local currency began to fall immediately after the military launched its coup against the democratically elected government on February 1. When the military-appointed State Board of Directors took control of the country, the kyat was trading at 1,395 kyat to the US dollar, at the end of September, a US dollar cost 2,700 kyat.

Money brokers based in Hpa-an and the Thai border with Burma told Karen News they have closed shop due to the devaluation of the Kyat.

“We just can’t afford to sell kyat for dollars at this price, I have no choice but to stop trading.”

The World Bank’s forecast last week that Burma’s economy would collapse by 18% in 2021 and its prediction that the country would experience the worst job cuts in the region would combine to increase poverty.

The dire economic situation, the spread of COVID-19, military airstrikes against ethnic villagers, arrest and hunting of civilian protesters, doctors, workers, journalists and politicians by the military junta have ravaged and disabled the country’s infrastructure – agriculture, banking, transport and health care.

A resident of Hpa-an, who runs a grocery store, told Karen News how the mismanagement of the economic situation by the military-appointed State Board of Directors affects daily life.

“People are facing job shortages and less income. Their expenses have decreased because even though their wages have remained the same, the prices of raw materials have increased.

In the past, when commodity prices went up, we could still balance it with our sales. Now, that is no longer the case. No matter how much we sell, there isn’t much profit left. This leaves us with just enough for our basic daily needs, there is no extra money to save.

A stand owner in the Thai-Burma border town of Myawaddy told Karen News that this was the worst Kyat drop in value she had ever seen. Stall owners can no longer afford Thai products due to the fall of the Kyat.

“Since the dramatic drop in the value of the Kyat, the price of goods from Thailand has been high. Few of our customers can now afford these items – detergents, shampoos, instant noodles, cooking oil, canned fish and everyday kitchen products. The exchange rate between the kyat and the baht is not stable and this makes it difficult to fix the prices of imported products.

The stand owner said the price of imported staple foods had nearly doubled in recent months and told Karen News: “A liter of cooking oil cost 1,500 kyat a few weeks ago is worth 2,600 kyat. . A bulk pack of instant noodles that we sold for 6,000 kyat has now grown to 10,000 kyat. “

The failing economic system has left people with difficult choices to make. Local fruit vendors told Karen News that people don’t buy fresh fruit because they prioritize spending on what is considered essential foods – rice, fish sauces, eggs, canned fish, cooking oil. , salt and meat.

A fruit seller in Hpa-an told Karen News.

“We cannot increase the price of our fruit. It is not considered vital like rice or cooking oil. Our prices are the same, but we are seeing very few customers now. Maybe people are now spending their money on what they think are necessary staple foods. “

A betel nut stall owner said that even though he was selling the same amount as before and earning the same amount as before, his dropped profit margin is much lower because he has to buy his raw materials at much higher prices.

“I still manage to earn the same amount of money at the moment, but I earn very little. In the past, I usually earned 30,000 kyat per day and that left me with a profit of almost 12,000 kyat per day. But now I have very little profit left as I have to spend more on the cost of betel nut, betel leaf and other items.


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“Selling Shovels” to the Marijuana Industry by TipRanks http://stormbirds.net/selling-shovels-to-the-marijuana-industry-by-tipranks/ Sun, 03 Oct 2021 10:30:00 +0000 http://stormbirds.net/selling-shovels-to-the-marijuana-industry-by-tipranks/ © Reuters. WM Technology: “Selling Shovels” to the Marijuana Industry WM Technology, Inc. (MAPS) is a very interesting company within the marijuana industry. Unlike other players in space, the company does not actually touch any plant. Instead, it offers SaaS subscription offerings to retailers and brands in the cannabis markets in the United States and […]]]>

© Reuters. WM Technology: “Selling Shovels” to the Marijuana Industry

WM Technology, Inc. (MAPS) is a very interesting company within the marijuana industry. Unlike other players in space, the company does not actually touch any plant. Instead, it offers SaaS subscription offerings to retailers and brands in the cannabis markets in the United States and Canada. It also operates the Weedmaps List Marketplace, which provides consumers with information on cannabis retailers and brands.

WM Technology is growing rapidly and generating profits, which is rare in the cannabis industry. In fact, according to management, the company has been profitable since its inception in 2008.

In addition, it posted gross margins of 95.6% and positive cash flow. This allows WM Technology to reinvest more as a percentage of revenue into growth, without having to rely on outside capital. As a result, we are optimistic about WM Technology. (See WM Technology stock charts on TipRanks)

Growth catalysts

WM Technology’s target market is the marijuana industry. The industry is expected to experience a substantial CAGR of 13.9% from 2021 to 2026. In 2020, the industry is worth an estimated 22.9 billion USD. The strong growth of the entire industry should act as a significant tailwind for the company.

This growth can be attributed to several factors. For starters, more and more states in the United States continue to legalize the use of medical and recreational marijuana. As more states legalize, the total usable market will continue to grow. Additionally, states that have legalized marijuana are underserved in terms of retail licensing. So most of the market still operates on the illegal side. This offers a wide avenue for growth as new licenses are issued.

Since WM Technology is neither a dispensary nor a producer, it has the advantage of not having to compete with the large number of marijuana companies selling the physical product. WM Technology is the specialist software provider for these marijuana companies.

Since it was founded in 2008, WM also has a strong leading player advantage. Think of the marijuana industry as the California Gold Rush of 1849, where few prospectors got rich. Most of the people making money back then were those who sold shovels, supplies, and services to prospectors. WM technology is the equivalent of “selling shovels” to the marijuana industry. The benefit of “selling shovels” is clearly demonstrated in the financial statements.

When we look at the company’s operations in the United States, we can see strong growth in users and spend per user. In the first quarter of 2020, the company had 3,238 customers paying an average monthly revenue of $ 2,681. In the second quarter of 2021, those numbers grew to 4,221 paying customers on average $ 3,706 each. Obviously, customers find the services very useful and they are prepared to increase their spending.

Risks

WM Technologies has 18 regulatory risks. At any time, laws could change to reverse the progress being made within the industry, which would have a big impact on retailers. In such a scenario, WM Technologies would also be significantly affected, as it would lose customers who could no longer operate.

Additionally, some marijuana retailers are fuzzy characters that do not operate in full compliance. This has already been the case for WM Technologies, which had to stop providing services to companies that failed to provide valid license information. As a result, the company lost all of its revenues from Canada. Nonetheless, growth in the US business took over and more than made up for the loss in revenue.

The Taking of Wall Street

When it comes to Wall Street, WM Technologies has a strong buy consensus rating, based on six purchases awarded in the past three months. WM Technologies’ average price target of $ 18.75 implies upside potential of 26.6%.

Final thoughts

WM Technologies is a rare opportunity to “sell spades” to the rapidly growing marijuana industry. Given how volatile and unprofitable nearly every other business in space has been so far, it’s nice to see a business that has consistently been profitable since its inception. Although the company faces regulatory risks, we believe that the overall growth trends and catalysts far outweigh these risks.

Disclosure: At the time of publication, Stock Bros. Research had a long position in WM Technologies.

Disclaimer: The information in this article represents the views and opinions of the author only, and not the views or opinions of TipRanks or its affiliates, and should be considered informational only. TipRanks makes no warranty as to the completeness, accuracy or reliability of this information. Nothing in this article should be construed as a recommendation or solicitation to buy or sell securities. Nothing in the article constitutes legal, professional, investment and / or financial advice and / or takes into account the specific needs and / or requirements of an individual, and nothing in the article constitutes an full or complete statement of the questions or topic is discussed therein. TipRanks and its affiliates are not responsible for the content of the article, and any action taken on the information contained in the article is at your own risk. Linking to this article does not constitute an endorsement or recommendation of TipRanks or its affiliates. Past performance is no guarantee of future results, prices or performance.


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