Brookfield Business Partners To Buy Loblaw Companies’ Gas Stations For $540 Million
Written by BNN.ca Loblaw Companies Limited (TSX:L) is selling all 213 of its gas stations across Canada for $540 million to Brookfield Business Partners (NYSE:BBU/TSX:BBU/UN) and its partners. The proposed deal is subject to certain conditions, but is expected to close in this year’s third quarter. Brookfield Business Partners, a unit of Brookfield Asset Management (NYSE:BAM/TSX:BAMa), says it sees […]
E Is Amex Poised To Beat The Whisper Number?
American Express (AXP) is expected to report earnings today after market close. The whisper number is $1.32, four cents ahead of the analysts’ estimate and showing confidence from the WhisperNumber community. Whispers range from a low of $1.27 to a high of $1.36. A year ago the company reported earnings of $1.45. Amex has a […]
One Flow Chart Shows How “Simple” ETF Trading Really Is
[Warning: sarcasm ahead] Do you know what I’m sick of? Well, let me tell you. I’m so sick of hearing about how ETFs are actually derivatives, how there’s an inherent liquidity mismatch problem, how a well-behaved NAV basis in normal market conditions doesn’t really say much because critics are concerned with market conditions that aren’t […]
GBP/USD: How High Can It Go?
GBP/USD rallied hard on the elections announcement (see five reasons). After hitting a swing high of 1.2905, the pair went into consolidation mode. What’s next? Here are two levels: Here is their view, courtesy of eFXnews: GBP: Bounce More Than Just A Position Squeeze; Towards 1.30-135 Range – BTMU BTMU FX Strategy Research argues that the […]
HH The Truth Behind Poland’s Growth Surge
Several media organizations blasted President Trump last week for his about-face regarding NATO. During his presidential campaign, Trump called NATO’s military presence “obsolete.” But last Wednesday, Trump held a press conference with NATO Secretary General Jens Stoltenberg, where he called the organization a “bulwark of international peace and security.” “I said it was obsolete. It’s […]
Core Labs – Earnings Preview
Corelabs (CLB) reports quarterly earnings after-hours today. Analysts expect revenue of $150.57 million and eps of $0.39. The revenue estimate implies 1% growth sequentially. Investors should focus on the following key items: Top Line Growth Animal spirits returned to the oil patch in Q3 2016. When OPEC followed through on promised supply cuts in Q4, […]
EC America’s Gilded Age 2: On The Rocks
Some movies beg to be one and done. No sequel. No Part II. No Redux. 1981’s smash hit Arthur is a classic example of what happens when well is not left alone. There was never going to be a way to replicate the hilarity born of sublime scripting and delivery to say nothing of the perfectly unconventional […]
Brexit – Who Wins And Looses
Introduction In all likelihood, Brexit is coming. What will its effects be and what countries will be injured the most? It clearly “depends.” While it is apparent that the UK would like trade linkages to remain the same, numerous Economic Union (EU) members have been piqued by Brexit and want to strip away some of […]
Netflix Increases Focus On Original Content
Photo Credit: Lars Plougmann/Flickr.com According to a recent MarketsandMarkets report, the global video streaming market is estimated to grow from $30.29 billion in 2016 to $70.05 billion in 2021. That translates to an annualized growth rate of 18% over the five-year period. Netflix (Nasdaq: NFLX) is already delivering more than the industry’s growth rate in its revenue […]
The Foggy Exit
The aging of the Baby Boomers is not something that caught economists completely by surprise. That generation has been the subject of (academic) study going back to the surge in birth rates right after World War II. In economic terms, the challenges presented by the prospective retirement years for this cohort has been anticipated to […]
