Author Archive: Jeremy Parkinson
Q3 Earnings Season Kicks Off: 4 Housing Picks
The current housing scenario doesn’t seem all that rosy with housing data for the July-August period showing dismal growth. Of late, the industry has been dealing with a shortage in inventory which is raising prices in several parts of the country. Meanwhile, the devastating Harvey and Irma hurricanes created uncertainties for builders. This, along with […]
‘I Ought To Know Better’: Jim Grant Apologizes For Suggesting Bridgewater Is Fishy
On Wednesday, we noted that according to his latest newsletter, Jim Grant is bearish on Ray Dalio. And Jim’s reasoning is pretty straightforward: Activities [like] tweeting, promoting his book, attacking the press have one thing in common: They are not investing. Yet here he is, laying it all out to the world again – necessarily doing less of his day […]
Concern Over Valeant’s Financial Controls ‘Likely Just Noise,’ Says Cantor
Cantor Fitzgerald analyst Louise Chen says she’s received calls today regarding concerns about Valeant Pharmaceuticals’ (VRX) financial controls. As reported last night by The Fly, Wells Fargo analyst David Maris expressed concern over Valeant’s controls after digging into the lawsuit from Depomed (DEPO). The shares in afternoon trading are down 4%, or 53c, to $13.32. […]
Enforcing A Global Speed Limit
Chinese imports rose 18.7% in September 2017 year-over-year. That’s up from 13.5% growth in August. While near-20% expansion sounds good if not exhilarating, it isn’t materially different from 13.5% or 8% for that matter. In addition, Chinese trade statistics tend to vary month to month. What is becoming very clear is that China’s economy is […]
StartEngine Rolls Out Regulated Initial Coin Offerings
Over the last few months, StartEngine has become one of the highest-volume equity crowdfunding platforms in the U.S. The platform currently has an impressive 60 companies raising money via equity crowdfunding. Now that it’s got the equity crowdfunding side running smoothly, StartEngine is setting its sights on the fast-emerging world of cryptocurrency. StartEngine is using existing crowdfunding regulations to […]
China Rapid Finance Could Stumble With Lockup Expiration
October 25, 2017 concludes the 180-day lockup period on China Rapid Finance Limited (NYSE:XRF). When the lockup period ends for XRF, its pre-IPO shareholders, directors and executives will finally be able to sell their more than 39 million previously restricted shares. Just 10 million shares are currently trading. (Source S1/A) We believe that there’s a high […]
Automatic Data Processing: Ackman Takes The Fight To Retail Shareholders
Bill Ackman of Pershing Square has been working hard to impress the board of Automatic Data Processing (Nasdaq:ADP). He has been buying ads in newspapers and trying to talk to the investors of the company as he seeks three seats on its board. As a settlement with ADP’s management has grown less and less likely, Ackman has turned […]
Stock Market Crashes: The Greater The Deviation, The Better The Opportunity
The reaction when the market starts to correct is the same, run for the hills, the world is ending or some variation of that theme. However, if you spend a little time looking at the history of the markets one thing becomes clear. Those that panic gets hammered and those that remain calm walk away […]
