Redbox stock rallies more than 60% in pre-market trading ahead of second post-SPAC session Oct. 26, 2021 9:15 AM ETRedbox Entertainment Inc. (RDBX) Iconic video-rental firm Redbox(NASDAQ:RDBX)is rallying 60%+ in premarket trading Tuesday ahead of its second session after going public via a well-received SPAC deal.
EVs Are A Primary Growth Catalyst For ON Semiconductor Oct. 24, 2021 8:16 PM ETON Semiconductor Corporation Summary ON Semiconductor's power management and image sensor chips for the EV market are driving growth and increasing margin. ON's recent announcement to buy GT Advanced Technologies is a strategic investment in highly-efficient power solutions for the EV market. ON delivered a very strong Q2 report. Q3 report - due out on November 1st - to continue the company's recent and excellent momentum on margin expansion.
The Bottom Fishing Club: OraSure Technologies Summary OraSure is an underfollowed name with strong growth potential selling simple to use COVID-19 rapid test kits, given another wave of virus spread is approaching during the winter. With over $3 in cash per share, a $5 tangible book value, and few liabilities, the company holds a unique balance sheet "margin of safety." The need for COVID-19 rapid testing may be here to stay, as new variants keep popping up around the globe. And, if approved vaccines lose their potency over time, testing becomes an even more critical healthcare diagnostic tool to hold the pandemic in check and support the global economy. OraSure Technologies(OSUR) is a company focused on disease and sickness testing of all sorts, with emergency authorization by the U.S. FDA (and other nations) for its basic nose swab kit, designed for home, school, health facility, and work testing with almost instant results. Two points of distinction have grabbed my attention after doing further research into this name for my investment capital. First, the company holds a mountain of cash, enough to support strong growth without the need for borrowing. In addition, the liquid balance sheet should serve as a support for stock pricing, given an overdue Wall Street bear market appears. Second, the stock chart is screaming a buy breakout is imminent from its basing pattern created throughout most of 2021. As the nation breathes a sigh of relief that the late summer Delta variant surge looks to be ending, expecting the pandemic to be in its final stages could be premature. For those not paying attention, theUnited KingdomandRussiahave both entered another surge in October, with the UK reporting yet another worrisome variant is partly responsible. With a number of doctors and policy makers in the U.S. worried about the potential for another virus spread wave (perhaps larger than the late summer version) with the onset of winter in November-December, we may not be out of the woods quite yet. The main advantage of OraSure products revolves around the convenience to use them at home, while receiving instant and reliable results at the customer's discretion. Image Source:Company Website Since the conference call two months ago, the company has announced U.S. government orders for up to $800 million in InteliSwab antigen kits. For reference, the company generated $148 million for total annual revenue during 2019, pre-pandemic. Monster Cash Holdings At the end of June, OraSure held $193 million in cash and $285 million in current assets vs. just $60 million in total liabilities including debt. Against an equity market capitalization of $785 million at $11 per share, owners are getting a nice backing of company value from liquid assets. In addition, tangible book value of $347 million and net working capital of $238 million mean nearly half of the price investors pay for the stock is supported by easily sold net physical assets in a liquidation scenario. In contrast, the majority of S&P 500 companies are trading at 10x or greater their simple "hard asset" liquidation values, from a GAAP cost-accounting standpoint. Going into the super-strong uptick in revenues from the InteliSwab product introduction, OraSure is today selling near multi-decade lows on price to "trailing" sales and tangible book value. Using decade averages of 5x sales and 3.5x tangible book value, the stock can be argued as trading 30-35% under its typical valuation. And, this bargain discount will get dramatically cheaper if sales are about to double to $400-500 million annually, with cash flow and income generation spiking.
Roblox proposes $1B senior notes offering Oct. 25, 2021 8:15 AM ETRoblox Corporation (RBLX) Roblox(NYSE:RBLX)hasproposedan offering of $1B of senior unsecured notes to qualified institutional buyers.
Bam Nailed It having A good day! GXO- Up $3 already!!! GXO Logistics, Inc. $89.77 +3.55(+4.12%) 9:55 AM 10/26/21
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