GBA Presents: THE BARE ESSENTIALS

Damn the Knot went private.
Who owns The Knot Wedding Website?
WeddingWire announced on September 25th that the public company XO Group, which owns The Knot and several other website and services, has agreed to be taken private with shareholders receiving $35 per share in cash (a 27% premium to the stock price at closing on September 24th).Sep 29, 2018
 
From The Street-

Last week, I initiated a search for companies trading at below 2x and 3x net current asset value (NCAV), that were also trading at less than 15x next year's consensus estimates. At those levels, these companies could be cheap from both an asset and earnings perspective. In this type of volatile market and economy however, there is still a great deal that could go wrong. However, its good to know what is potentially cheap here.

I held out Vera Bradley (VRA) last week as the initial candidate, and wanted to give a brief follow-up prior to revealing another example. VRA released earnings shortly before my column was submitted, however updated balance sheet data was not yet available. Cash increased in the fourth quarter to $88.4 million, or about $2.65 per share up from $75 million/$2.22 per share. In fact, with the updated balance sheet data, VRA now trades at 1.98x NCAV. One other tidbit: the company bought back 650,000 shares during the fourth quarter, at an average price of $8.63.
 
NEXT WEEK'S BUY-

Vera Bradley, Inc. (VRA)P People gots to get married and a wedding dress it's an Bare Essential
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
7.47-0.20 (-2.61%)
At close: 04:00PM EDT
 
Mexican president urges Sempra Energy to move faster to build LNG plants
Apr. 01, 2022 6:19 PM ETSempra (SRE)
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Mexico President Andres Manuel Lopez Obrador called Friday for Sempra Energy (NYSE:SRE) to build new gas liquefaction facilities in the country to export excess gas, and said he will put the plants out to tender if he does not get commitments for their construction within a month, Reuters reports.!!!!!!!!!!!

Lopez Obrador wants Sempra, which has an LNG facility by the northwestern port of Ensenada, and other companies to sign up for his plan to build facilities in the Pacific ports of Topolobampo and Salina Cruz, as well as another in Coatzacoalcos in the Gulf state of Veracruz.

Sempra said in November that it was developing an LNG export plant in Topolobampo, but Lopez Obrador said Friday that it is urgent to get moving with the plants worth $3B-$4B each.

The Mexican president spoke about the LNG export plan on Thursday with U.S. officials, including climate envoy John Kerry.

Saying "we do not envision any immediate path for Sempra to monetize the newfound strength in the LNG market, as most opportunities in this segment remain long-dated," KeyBanc recently cut Sempra shares to Sector Weight from Overweight.
 
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