WeWork Delays I.P.O. After Chilly Reception From Investors WeWork, the shared office space giant, gained the backing of some of the world’s top investors, but it received a much colder reception when it tried to sell its shares on Wall Street. Facing deep skepticism about its business model and corporate…
Trump administration backs privatizing Fannie Mae and Freddie Mac
The Trump administration said it would support returning mortgage-finance giants Fannie Mae and Freddie Mac to private hands, a development that could keep the companies at the center of the housing market for decades to come. The principles announced Thursday represent a major reversal from what leaders of both parties…
Why investor in WeWork IPO should be careful
WeWork filled out its long-awaited S-1 application, and it is expected that this IPO will be one of the largest in 2019, giving way to the May UBER IPO. Some publications are ironic that this is not a “technological IPO, but rather a soap opera.” It is easy to understand…
Trade war
Trade war This morning, China is reportedly set to put new tariffs on $75 billion worth of U.S. imports as of September 1st. This would be in retaliation for tariffs put on Chinese goods in the U.S. by the Trump administration. The tariffs would range between 5-10% on these as…
Sarepta Dives After FDA Rejects Its Newest Muscular Dystrophy Drug
Sarepta Dives After FDA Rejects Its Newest Muscular Dystrophy Drug Sarepta Therapeutics (SRPT) toppled late Monday after the Food and Drug Administration rejected the biotech company’s latest Duchenne muscular dystrophy drug. In after-hours trading on the stock market today, Sarepta stock tumbled 12% to 106. That signals a move to…
Check-Cap Reports Second Quarter 2019 Financial Results
Check-Cap, a clinical stage medical diagnostics company advancing the development of C-Scan®, the first and only preparation-free ingestible capsule based system for the prevention of colorectal cancer through the detection of precancerous polyps, today announced financial results for the second quarter and six months ended June 30, 2019. Second Quarter…
The Buckle, Inc. Reports Quarterly Dividend
The Buckle, Inc. (BKE) announced that at its quarterly meeting of the Board of Directors, held on June 3, 2019, the Board authorized a $0.25 per share quarterly dividend to be paid to shareholders of record at the close of business on July 12, 2019, with a payment date of…
NIO Releases Its Q1 Earnings Report
NIO released its first quarter 2019 earnings report on May 28. Data shows that the company’s revenue in the first quarter of 2019 was CNY 1.63 billion (USD 243.1 million), down 52.5 percent from the fourth quarter of 2018, and its net loss was CNY 2.62 billion (USD 390.9 million),…
Dont buy tesla stock just because you love Elon Musk (Jim Cramer)
Tesla Inc. (TSLA ) shares extended their decline to a sixth consecutive session Wednesday, losing 6% to close at $192.73 following yet another bearish note from Wall Street analysts as pressure piles on the clean-energy carmarker’s plans to turn a profit from its flagship Model 3 sedan. Citigroup analyst Itay…
Buckle (BKE) reports on May 24th. Watch.
In recent years, a huge number of companies conduct unprofitable activities and no one is confused. We are told about the incredible hype or the number of subscribers or new science fiction ideas or saving the future of the planet. They talk about everything except … a P/E. Recall a…