GBA's "2021 Stock Phantasma"

c6bce4f0-2a3a-11eb-bfff-80ecd9e0e6df

Robinhood Has the Worst Debut Ever for IPO of Its Size

Compass Diversified was formed to acquire and manage a group of middle market businesses that are headquartered in North America. The company has a Zacks Rank #2. It has a dividend yield of 5.8%, while its five-year average dividend yield is 8.1%. The company's expected earnings growth rate for the current year is 60.4%.

WESTPORT, Conn., July 19, 2021 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI”), an owner of leading middle market businesses, today announced it has entered into a definitive agreement to sell its majority owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc. ("Liberty" or “the Company”), to an affiliate of Monomoy Capital Partners (“Monomoy”), a middle market private investment firm which invests in the debt and equity of manufacturing, distribution and consumer product businesses. Under the terms of the Agreement, Liberty will be sold to Monomoy for approximately $147.5 million in cash, subject to certain adjustments based on matters such as the working capital and cash and debt balances at the time of the closing.

CODI expects to realize a gain on the sale of Liberty of approximately $75 million to $85 million. Net proceeds will be used for general corporate purposes and to fund the previously announced special distribution of $0.88 per common share in connection with CODI’s anticipated tax reclassification which is expected to be effective later this quarter or early in the fourth quarter of this year.???
 
Hummmmm. A bit above my pay grade.

Subject to the discussion included in the First Amendment to the Amended and Restated Trust Agreement, Compass Diversified (the "Trust") will be classified as a Publicly Traded Partnership for U.S federal income tax purposes effective January 1, 2007.

As a result, for U.S federal income tax purposes, each investor will be treated as the beneficial owner of a pro-rata portion of the interests in Compass Group Diversified LLC (the "Company") held by the Trust. The Company will be classified as a partnership for U.S federal income tax purposes.

Accordingly, neither the Company nor the Trust will incur U.S. federal income tax liability; rather, each investor will be required to report their allocable share of the Company's income, gains, losses, deductions and other items in their individual income tax returns as though each investor had incurred such items directly.

The Company's taxable year is the calendar year ending on December 31.

The Company's taxable income is expected to consist mostly of interest income, capital gains, dividends and investment interest expense. Interest income will be earned upon funds loaned by the Company to the operating subsidiaries and from temporary investments of the Company, and will be taxable to the holders at ordinary income rates. Capital gains will be reported upon the sale of stock or assets by the Company, and will be taxed at the appropriate capital gains rates to the holders of shares on the actual date on which such gains are realized. Any dividends received by the Company from its domestic corporate holdings generally will constitute qualified dividend income, and will be taxed at the appropriate dividend income rates. Any dividends received by the Company that do not constitute qualified dividend income will be taxed to holders at the tax rates generally applicable to ordinary income. Investment interest expense would generally include interest expense incurred by the Company. The deductibility of a non-corporate U.S. holder's investment interest expense is generally limited to the amount of such holder's net investment income. Please consult with your tax advisors regarding these items.

Distributions to holders of Trust stock that are treated as return of capital for U.S. federal income tax purposes are generally not taxable to the extent that the total amount of such distributions do not exceed the holder's basis in the Trust stock. Instead such distributions serve to reduce the holder's basis in the Trust stock resulting in more capital gain or less capital loss upon ultimate disposal of the trust stock.

We will provide the necessary tax information on a Schedule K-1,
 
STOCK-OF-THE-DAY- GDYN- Lets Go!


Description

Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise-level digital transformation services for Fortune 1000 corporations in the United States, and Central and Eastern European countries. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms. The company offers technical consulting, software design, development, testing, and internet service operations services. It serves customers that operate in the retail, technology and media, consumer packaged goods/manufacturing, and financial services sectors. The company was founded in 2006 and is headquartered in San Ramon, California.




7/1-> Grid Dynamics 10.1M share Secondary priced at $15.03 07/01 GDYN The deal priced at yesterday's closing price. JPMorgan, William Blair and Cowen are acting as joint book running managers for the offering.

Today-> $19! It worked!


7/9->Grid Dynamics price target raised to $23 from $22 at Needham
GDYN
Needham analyst Mayank Tandon raised the firm's price target on Grid Dynamics to $23 from $22 and keeps a Buy rating on the shares. The company's secondary offering last week is a "net positive" given that it not only bolsters the balance sheet but also improves the free float by diversifying the shareholder base, the analyst tells investors in a research note. Tandon adds that he remains positive on Grid Dynamics given his view that management has demonstrated "strong execution" by balancing organic growth with tuck-in M&A since going public.



TODAY--> Grid Dynamics initiated with an Overweight at JPMorgan 08:43 GDYN

Van- I'm using a new life coach.
 
stonedinvestor said:
There is a long story about how Electric Last Mile got their beautiful state of the art manufacturing plant. Another company that left it, I'm so stoned right now I just can't remember. They got a really good deal.

More...
Stoney!

Hey why is LVS dropping to its 52 week low? Macau? Wynn is still up almost 50% off its 52 week low.
We might have to put it in Granny's shorts. Your MGM has some China exposure too.
 
YES-!


  • That didn't stop money going to inflation hedges, however,as some talk of stagflation arose.
  • David Jones, BofA director of global strategy, says the scenario will be more like "stagflation light."
  • "We’re looking at slower growth in the second half of the year and one of the indicators of this has been China," Jones said on Bloobmerg. "China has been leading the world throughout the cycle, they were first into lockdown, they were first out of lockdown, they were the first to see the reflation trade, they were the first to see value outperform growth, they were also the first to really see their rates come off and now you have China with growth concerns and some stimulus as well."
  • Growth will be strong in the second quarter, just not as strong as in the first half, with the U.S. past peak consumer performance, even without the added big tail risk of the Delta variant, he says.
  • "We also think that inflation is going to be higher and more persistent that people think and some of this is also virus related," Jones says. "The bottlenecks that are created in labor and in supply because of these sort of rolling blackouts and lockdowns that you see that disrupt the supply chain in the labor market and those are going to continue."
  • "And there are other secular forces as well pushing inflation higher."
 
I still have MGM I think the virus news obviously plays a large roll here. Macau is interesting, I don't think China will mess with that area of their market. I've been trying to figure out what China is up to and each of their reforms does have some ping off their new child policy (you can have them) and what their people need right now. Macau being such a money maker and having no direct effect on average Chinese folk I think the Gov will leave it alone. MELCO could be a BUY right here.
 
1. HOLX

2. MTTR

3. MLCO

4. WPC

This is a way busted IPO.... Down from $14 > 1 yr return-> Down 54+%

PolyPid wins positive response from FDA for D-PLEX100 development plan
May 19, 2021 7:19 AM ETPolyPid Ltd. (PYPD)PolyPid Ltd. (PYPD)
  • The FDA has indicated that a single Phase 3 pivotal study was adequate to support the approval of D-PLEX100, the lead candidateof PolyPid(NASDAQ:PYPD), for the prevention of surgical site infections ((SSIs)) in colorectal surgery.
  • The FDA’s written responses were in response to a Type B meeting request made by PolyPid regarding its development plan for D-PLEX100.
  • “We are thrilled with the acceptance of our proposed development plan for the potential approval of D-PLEX100, which also reduces overall anticipated costs for the program,” noted Amir Weisberg, PolyPid’s CEO.
  • “We will use the responses provided to progress our SHIELD I trial which continues to enroll patients at the expected rate, with over 200 patients enrolled to date, and we anticipate the availability of top-line results by the end of 2021,” Weisberg added.
  • In July 2020, the company initiated the SHIELD I study, a prospective, multinational, multicenter, randomized, double-blind Phase 3 trial to evaluate D-PLEX100 for the prevention in incisional SSIs following abdominal surgery.
 
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