Ideas For Now-

DANGER

This is kind of a sneaky day in the market. The sell off is small but maybe the reasons not--
Two temporary halts on the vaccine & antibody therapy--

First Russian drop of Biden info to the NY Post about his son Hunter.-
The news is nothing special we all know the guy was a tool and PR plant for some
Ukrane Company and he wanted special favors I'm sure from the Obama presidency.
As long as nothing was given there is no harm to Joe who can claim he has forgotten.-
The key is no meeting happening.

But the dirty Russian info drops have begun! That's not great for the market.

Banks failing at a significant chart point, combined with neg health news, rising Covid case counts and some real trouble spots and the dirty politics.

If the market is a stool several legs are missing. Lets say two. The stool stil stands but barely. Should Nacy P walk away from the Rescue Package because Trump wants his name on the check-- I agree! She should walk then... The stool will no longer stand...

" Munucian says it will be difficult before the election."

All of that creates a void & the market has been propelled by those tricky options again a far east player I believe who buys calls on their positions... Softbank? So with Apples Meh I phone and the thoughts of thanksgiving and Christmas being without family and friends.

I few this casual sell off a bit more seriously than most.
 
stonedinvestor said:
Van I never know if you are serious or not. I am actually digging around my stream and grotto area hoping to find an endangered species. Look how far a portfolio manager has fallen.

Re Berry... all stocks already in the Ideas For Now Portfolio get two thumbs up not down!
You can't go by Yahoo finance they never have it right--

<< Back
Berry Global Group, Inc. Reports Strong Third Quarter 2020 Results
EVANSVILLE, Ind.--(BUSINESS WIRE)--Jul. 31, 2020--Berry Global Group, Inc.(NYSE:BERY) today reported its third quarter 2020 results, referred to in the following as theJune 2020quarter.

Third Quarter Highlights
(all comparisons made to theJune 2019quarter)

  • Net sales up 50 percent to$2.9 billion--> up 50%
  • Operating income up 61 percent to$347 million--> up 61%
  • Operating EBITDA up 67 percent to$581 million--> up 67%
  • Net income per diluted share up significantly to$1.42--> UP seeing a trend here....
  • Adjusted net income per diluted share increase of 69 percent to$1.52--> up 69%
  • RPC Group Plc(“RPC”) integration and synergy realization progressing ahead of plan
  • Increased fiscal year 2020 cash flow from operations and free cash flow guidance to$1.45 billionand$830 million, respectively
Berry’s Chairman and CEO,Tom Salmonsaid, “Through our employees’ relentless effort and dedication, along with our diverse, stable portfolio, we were able to deliver record earnings for any quarter in the Company’s history. We have made progress and remain focused on our top three financial objectives of improving our strong balance sheet, organically growing our businesses, and integrating the RPC acquisition as demonstrated in this recently completed quarter.

“I am happy to report we generated a June quarterly record for net sales of over$2.9 billion, up 50 percent compared to the prior year quarter. Operating income increased 61 percent to$347 millionwhile Operating EBITDA was a record for any quarter in the Company’s history at$581 million. Our adjusted earnings per share increased 69 percent to$1.52, and we reported a significant improvement in quarterly free cash flow, bringing our four quarters ended free cash flow to over$1 billion.<- Van that's with a " B "

“For theJune 2020quarter, overall organic volumes for our legacy Berry businesses were up 2 percent. Our Health, Hygiene & Specialties segment recorded strong volume growth of 14 percent related to our recent investments, our targeted market approach, along with COVID-19 related benefits in our healthcare portfolio. Excluding COVID-19 benefits, we believe the business delivered high-single digit growth in the quarter. We are very proud of our teams in achieving their objectives of delivering profitable and sustainable growth. Our Consumer Packaging-North American business recorded flat volume for the quarter with strength in healthcare, household cleaning and grocery offset by softness in food service and industrial markets. We remain encouraged by the momentum of the Division with a continued growing revenue pipeline. Our Engineered Materials business saw volume declines of 8 percent in the quarter driven by headwinds related to COVID-19. Many of the products in that business are sold through distribution to schools, offices, or restaurants, to name a few end markets, which saw more contracted demand than our more consumer facing businesses. Excluding COVID-19, we believe the business would have grown low-single digits.

“Our financial profile remains solid as we have a strong liquidity position with over$900 millionof cash at the end of the quarter as well as an undrawn $850 million asset-based line of credit representing nearly$1.8 billion of liquidity. Also, we have no financial maintenance covenants or near-term debt maturities.”

Our total debt less cash and cash equivalents at the end of theJune 2020quarter was$9,854 million.
More...
Anyone at GBA caught using Yahoo Finance will be immediately terminated. How dare you even insinuate VZ would click on that pos. :vomit:

Anyone at GBA caught using Yahoo Finance will be immediately terminated.

But for real stoney, that's a misprint.
They are paying out $110,000,000 in interest per quarter. $440M/year.

Here's their last filing.

upload_2020-10-14_13-23-47.jpeg


upload_2020-10-14_13-29-16.jpeg

That 50% revenue increase and all those other lofty numbers was due to acquired assets. Organic revenue for the quarter grew only 2% yoy.

Ok all that said, I pulled up some research reports.
It is a good one. No doubt.
My bad. Its undervalued.
 
Last edited:
Stoney,
Check out $ORGO.
This is your specialty.
It closed at $3.88
$5 now



Organogenesis Holdings Inc. Reports Preliminary Financial Results for Third Quarter 2020

October 14, 2020 at 4:30 PM EDT
CANTON, Mass., Oct. 14, 2020

Organogenesis Holdings Inc. (Nasdaq: ORGO), a leading regenerative medicine company focused on the development, manufacture, and commercialization of product solutions for the Advanced Wound Care and Surgical & Sports Medicine markets, today reported preliminary financial results for the three months ended September 30, 2020.

Third Quarter 2020 Preliminary Financial Results Summary:

  • Net revenue of between $99.0 million and $100.0 million for the three months ended September 30, 2020, up 54% to 56% compared to net revenue of $64.3 million for the three months ended September 30, 2019. Net revenue is based upon:
    • Net revenue from Advanced Wound Care products of between $88.5 million and $89.3 million, up 63% to 64% year-over-year.
    • Net revenue from Surgical & Sports Medicine products of between $10.5 million and $10.7 million, up 5% to 7% year-over-year.
  • Net revenue from the sale of PuraPly products of between $39.0 million and $40.0 million for the three months ended September 30, 2020, up 23% to 26% year-over-year.
  • The Company expects to report positive GAAP net income and positive Adjusted EBITDA for the three months ended September 30, 2020.
 
BERY 2019 Debt from this
RPC Group Plc Acquisition

InJuly 2019, we completed the acquisition of RPC, for aggregate consideration of$6.1 billion. RPC is a leading plastic product design and engineering company for packaging and select non-packaging markets, with 189 sites in 34 countries. RPC develops and manufactures a diverse range of products for a wide variety of customers, including many household names, and enjoys strong market positions in many of the end markets it serves and the geographical areas in which it operates. It uses a wide range of polymer conversion techniques and is also one of the largest plastic recyclers inEurope.

We believe the acquisition of RPC is truly a transformational and complementary opportunity for our Company. We intend to realize approximately$150 million of annual cost synergies of which an estimated $85 millionis expected to be realized in fiscal 2020.

DANGER PART 2

Folks this is how real corrections start. My long amount of experience in the market allows me to feel corrections pretty well. They do not start when an obvious stock like Apple dives, or when stay at home tech stocks go down... Corrections slip up on you early to mid week and they fool you a bit and then flush.

 
Corrections start when the legs of the stool are no longer there.

Two town halls tonight. What should Biden do? I think Biden should seal the deal with a pretty interesting move. Biden should announce that his capital gains taxes will be phased in over three years. What should Trump do? Trump should reveal his long promised solution to pre existing conditions. Of course he doesn't have one but that's what he should do.

Trump's playing down the virus with his idiotic Who Had It Great! you are immune...
Boy that's a one way ticket to loserville.

I have held all along that the secrete plan was herd immunity but that the plan is flawed for many reasons mostly the size of our country. While one side of the President's team wants to always say some parts of the US are better than other parts-- that only highlights the difficulty of ever getting to herd immunity. They say you need what 60-70% infected to reach herd immunity and we are probably 6% at this point. So do the math. How many dead now at 6%-- yea herd Immunity will work great after another four million die!!!!!!

Countries like Sweden can pull it off the US cannot.
 
COMMUNITY BOO TIME-! BOOOOOOOOOOOOOOO.

YogaWorks files for Chapter 11
Oct. 15, 2020 7:41 AM ET|About: YogaWorks, Inc. (YOGA)|

YogaWorks (OTCPK:YOGA) has filed for chapter 11 to implement orderly closing of all studios across the U.S.

The company has entered into a stalking horse bidder agreement with Serene Investment Management for acquiring YogaWorks' digital and education business as well as its intellectual property.

The company's operations will continue via its live stream and on-demand digital platforms, YogaWorks Live and MyYogaWorks.

The company has secured debtor-in-possession financing with Serene to support through the pendency of the reorganization.

Brian Cooper, Chief Executive Officer commented, "After considering a number of alternatives to overcome the financial challenge of the studio closures, we determined that implementing an orderly restructuring process is in the best interest of all of our key stakeholders, most notably our dedicated teachers and passionate students. With the improved financial flexibility provided through this process, we will continue to build upon the strengths of our digital and educational platforms, both of which have proven to be successful and have experienced significant growth over the course of the past several months. We look forward to continuing to serve our loyal students and positioning YogaWorks for long-term success.”
 
I'll look into ORGO I think these may be the guys that invented the surgical glue they use to seal wounds like 10 years ago... Why don't you look into a computer security stk I've never heard of---

B. Riley sees 'transformational growth' for Intrusion, starts with Buy rating 07:28 INTZ B. Riley Securities analyst Zach Cummins initiated coverage of Intrusion with a Buy rating and $15 price target. The company is a leading provider of entity identification, high-speed data mining, cybercrime, and advanced threat protection products, Cummins tells investors in a research note. With 20 years of experience with its TraceCop proprietary database, Intrusion has an edge over existing cyber products, says the analyst. He believes the company is well positioned for "transformational growth" in the coming years.
 
You must log in or register to reply here.
Back
Top