Service Stocks

Air Methods Corp AIRM Stock News

Air Methods Corp (NASDAQ: AIRM)

Air Methods is having a relatively strong day in the market today. At the opening bell, the stock was trading slightly up. From there, it continued upward for a short while before trading flat. Below, we’ll talk about what we’re seeing from AIRM, why, and what we’ll be watching for with regard to the stock moving forward.





What We’re Seeing From AIRM

As mentioned above, Air Methods Corp is having a relatively strong day in the market. After starting the day slightly in the territory of gains, the stock continued on an upward trend for the first few minutes. Since then, it has traded relatively flat. At the moment (9:49), AIRM is trading at $42.85 per share after a gain of $1.45 per share or 3.50% thus far today.

Why The Stock Is Headed Upward

Before we dive too deep into the story here, I’d like to give a big thank you to Trade Ideas for being the first to alert us of the gains on AIRM. When the CNA Finance team received the alert about the gains, we started digging to see why the stock was running for the top. It didn’t take long at all to uncover the story. The gains are ultimately the result of acquisition news.




Early this morning, it was announced that affiliates of American Securities LLC have decided to acquire the company. A definitive agreement was signed, under which American Securities LLC would pay $43.00 per share in cash for the acquisition. In a statement, Aaron Todd, CEO at AIRM had the following to offer…

This transaction will enable us to continue to execute against our strategy and strengthen our market position as a global leader in air medical transportation and air tourism… American Securities offers us a great opportunity to continue to invest and pursue long-term growth with greater operational flexibility, and we look forward to working with such a sophisticated private equity investor. Importantly, patients, employees, customers and partners will continue to benefit as we execute against our strategy.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching AIRM incredibly closely. While watching, we’ll be looking for further news surrounding this acquisition as it is still subject to customary closing conditions. Nonetheless, we do expect for the acquisition to go well without delay. We’ll continue to follow the story and bring you any developments as they break!

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Ruby Tuesday, Inc. RT Stock News

Ruby Tuesday, Inc. (NYSE: RT)

Ruby Tuesday is having an incredibly strong start to the trading session today. In the pre-market hours, news was announced that caused excitement within the investing community. As a result, the stock started to climb in a big way. Below, we’ll talk about what we’re seeing from RT, why, and what we’ll be watching for with regard to the stock ahead.





What We’re Seeing From RT

As mentioned above, today is proving to be a strong day for Ruby Tuesday. Since early in the pre-market hours, the stock has been headed upward. At the moment, the gains seem to be continuing. At the moment (9:32), RT is trading at $2.00 per share after a gain of $0.26 per share or 14.94% thus far today.

Why The Stock Is Headed Up

As is almost always the case, the news that RT was making a run for the top was first brought to us by our partners at Trade Ideas. As soon as we received the alert, the CNA Finance team started working to see why the stock was rocketing toward the top. It didn’t take long to dig up the story. The gains are ultimately the result of merger/acquisition hopes.




Early this morning, it was announced that Ruby Tuesday may be interested in selling itself. In fact, the company is currently working to explore the possibility of a sale, a merger, or other strategic options. Of course, this caused excitement among the investing community as these options would likely generate incredible value for shareholders. As a result, investors pushed the value of the stock upward.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RT. In particular, we’re interested in learning whether or not the company will be selling or merging. If not, what other strategic opportunities are being explored? Nonetheless, we’ll continue to follow the story closely and bring the news to you as it evolves.

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Meridian Waste Solutions MRDN Stock News

Meridian Waste Solutions, Inc. (NASDAQ: MRDN)

Typically, when a CEO barks that they are not in the business of producing garbage, the connotation is none too friendly. But, for the team at Meridian Waste Solutions, being full of garbage is a rally cry, promoting a sense of pride rather than despair.

Meridian Waste Solutions is not what I would call an under the radar stock, but I would consider MRDN to be both under-recognized and undervalued in terms of both operations and enterprise value.

If MRDN was purely an emerging market play, a comparison to industry competitors may not necessarily be in order. However, with Meridian Waste Solutions having an enterprise value of roughly $102 million, revenues of over $63 million, and a positive EBITDA of $13 million, the $3.00 share price does not reflect fair value when compared to others in the industry. And, because MRDN is already producing veteran like numbers, it would be appropriate to value them accordingly.

Vertically Integrated

MRDN is a vertically integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services.

  • Collection: Meridian operates approximately 130+ trucks with a an average age of 2010, based in St. Louis MO and Richmond, VA marketplaces, consisting of approximately 100 residential trucks and 20 commercial trucks, 9 industrial trucks and various other trucks.
  • Approximately 80% of the company’s 118,500 residential customers are municipal contract-based.
  • The company has roughly 27 municipal contracts with terms of 3 to 6 years and a 97% Retention Rate.
  • The Company has over 5,000 commercial customers and over 16,000 Roll Off Customer with 19% being
  • Permanent and 81% being Temporary.
  • Transfer Stations: Meridian currently operates 4 transfer stations
  • Landfill: Meridian currently owns 3 municipal solid waste landfills. Its Bowling Green, MO location has a 265 acre landfill with an expected 22,000,000 cubic yards (“cys”) currently in process of being permitted. Its Petersburg, VA location’s landfill and transfer station has 1,500 tpd daily permit capacity. Its Lunenburg, VA landfill has 1,000 tpd daily permit capacity.
  • Recycling: Meridian offers recycling with their municipal contracts and subscription customers. The same residential trucks are utilized to service the recycling routes.

MRDN Valuation

On numerous occasions, I have cited the inefficiencies in how the market is valuing emerging companies. In some sectors, micro-cap stocks are being awarded significant blue sky valuation, providing multiples to stocks that are in the hundreds, not single digits. Furthermore, these multiples are being given to companies that have hardly established even a hint of securing a recurring revenue model. On the other hand, stocks like Meridian, which is both revenue producing and EBITDA positive, can’t seem to grab the focus of an attention deprived market. And, because the market often fails to recognize emerging players, like MRDN, opportunities to invest in undervalued equities arise.

With MRDN establishing its growth oriented revenue model, and with positive EBITDA already a reality, the multiples being afforded to Meridian Waste Solutions appear to be grossly inadequate compared to industry peers. When comparing enterprise multiples, MRDN is awarded just a 1.6X multiple for revenue, and only a 7.8X multiple from its EBITDA performance. Compared to industry veterans like Waste Management, Waste Connections, and U.S. Ecology, the multiples are highly inconsistent.

Waste Management (NYSE: WM), with its $70 share price, earns a revenue multiple of 3X and an EBITDA multiple of 10.9X. Waste Connections (NYSE: WCN), with its $80 share price, sports a revenue multiple of 6.2X, along with an EBITDA multiple of 19.5X. U.S. Ecology (Nasdaq: ECOL), with a $52 share price, enjoys a revenue multiple of 2.9X and an EBITDA multiple of 12.2X. Thus, in comparison to three of the larger and more mature market players, MRDN is being inexcusably mispriced, with almost 50% of industry wide average multiples being scalped from current MRDN values, despite the aggressive growth path of the company.

To hit closer to home, compare a company more similar in size to MRDN, Advanced Disposal Services (Nasdaq: ADSW) has a $22 share price for a $4 billion enterprise value. ADSW is granted a revenue multiple of 3X and an EBITDA multiple of 10.8X. The difference simply lacks rationale.

In evaluating comparables from publicly traded waste service companies, the average multiple on revenue is 3.1X, and the average multiple for EBITAA is 12.4X – I’m not just throwing arbitrary numbers at investors, these averages are accurate and the facts show that the valuation for MRDN is not efficient. When additional metrics are thrown into the equation, like MRDN’s small outstanding share count of roughly 6.9 million, and their debt of just $81 million, the case that MRDN is undervalued is further magnified.

Trust, But Verify: MRDN Is A Legitimate Player

Many companies are pitched to investors, and while a great number of them hold potential, few in the emerging company space can offer even a small subset of what MRDN already delivers.

MRDN currently operates in St. Louis, Missouri and Richmond, Virginia, servicing over 118,000 residential, commercial, industrial, and government customers. the company is supported by a fleet of commercial, residential, and roll off trucks, with additional foundation platforms including four transfer stations, one recycling facility, and three municipal solid waste landfills.

Annual revenue is growing, currently at an annual run-rate of $63 million, with a corresponding 27% gross margin. The current and projected run rate is expected to deliver $13 million annual adjusted EBITDA, a number that was highlighted earlier. The $13 million, while technically a projection based on current revenue postings, is far more than a pro-forma model of what things “might” look like if all goes well in the future. Because MRDN already has a reliable recurring revenue model in place, management has the ability provide accurate revenue and expense visibility based on proven historical markers.

Organic growth is expected to continue at a 10% pace per year, and to compound that growth, MRDN is in active pursuit for accretive acquisitions, several of which the company has already publicly discussed. Management expects to bolt on tuck-in acquisitions and geographical expansion acquisitions to have a national footprint, and deliver improved profitability. Once accomplished, the market may find current valuations hard to ignore, providing MRDN an equitable valuation more reflective of industry norms.

The debt of $80 million, obtained at 9% through its Goldman Sachs Specialty Lending Agreement, may be considered a headwind for some investors. However, in an industry that leverages debt to build operations, this debt is being well managed and is not expected to interfere with any growth or acquisition initiatives. With just 6.9 million shares outstanding, MRDN has plenty of arrows in their quiver to attract funding on competitive terms. Insiders are putting capital at work as well, another signal to instill investor confidence, with Chairman and CEO Jeff Cosman recently investing $1.25 million into the company.

Meridian Waste Solutions Equipment

MRDN Growth

Couple the solid financial performance with proof that MRDN management is continuing to build the operations side of the business, and you have a solid case for Meridian Waste solutions’s continued growth. On February 16th, for instance, MRDN announced that they have completed the planned acquisition of The CFS Group, an accretive deal that will increase services to over 30,000 commercial, industrial, and residential customers in the Richmond, Virginia market. The completed transaction marks the company’s first solid waste acquisition outside of the state of Missouri, and creates a vertically integrated market for the company within the Commonwealth of Virginia.

As part of this synergistic deal, the immediate benefit to MRDN delivers revenue generated by CFS of approximately $25 million, along with the addition of over 100 CFS employees who will join the Meridian Waste solutions team, with normal operations expected to be continued in each of the current respective markets. The CFS acquisition will be immediately accretive, with Meridian Waste Solutions expected to increase its annual run rate to over $58 million in combined revenues. The acquisition was financed with $34.1 million of additional capital provided by current senior lenders, as well as funds generated from a recently completed equity offering.

Additional growth was fueled back in January of 2017, when MRDN was awarded contracts for residential solid waste collection in districts within St. Louis County, Missouri. The new contracts expand the company’s hometown marketplace footprint by adding approximately 20,000 residential customers to the existing company client base, permitting the company to now serve over 65,000 residential and commercial customers in those markets.

The growth initiatives have been successful in driving service revenue to a base of over 118,500 residential customers and over 5,000 commercial customers, with additional traction expected through acquisition and organic growth. The growth and acquisition strategy will be adequately funded, utilizing an $89.1 million financing facility lead by Goldman Sachs Specialty Lending Group.

Launch of Meridian Innovations Subsidiary

MRDN is seeking to capitalize on value of recovered materials.

  • Enormous volumes of manufacturing residues are disposed of on a daily basis
  • Contain concentrated sources of otherwise valuable materials that could yield superior economic value
  • Investing in advanced byproduct recovery technologies
  • Acquiring certain downstream production assets
  • Identified a technical development team of experts who have a highly successful technology development and commercialization history
  • Over the past ten years, these technologists have invented and commercialized technologies that are currently generating more than $500 million per year in net income
  • Through the recovery of materials from otherwise low value industrial byproduct streams

No Wasted Management at MRDN

Management at MRDN is strong, bringing well experienced executive talent to facilitate the aggressive, but manageable, growth strategy. The company is lead by Chairman and CEO Jeff Cosman, who brings over ten years of industry experience to the team. Mr. Cosman played an active role during the consolidation of Republic Services, specifically in the accounting consolidation, initial cultural integration and the reporting to Wall Street when they acquired 168 companies in 30 months, going from $500 million in revenue to over $2.1 Billion. Jeff lived and learned the waste management business from his father Jim, who spent 27 years as an Executive at Browning-Ferris (BFI) and President and COO of Republic Services.

Wally Hall, President and COO, was one of the three founders of Advanced Disposal Services, Inc., which is now the fourth largest solid waste company in the U.S. Mr. Hall was responsible for helping Advanced Disposal Services grow from just two trucks into an operation that grossed over $1.3 billion in annual revenue, employed 5300 workers, and built an enormous waste based infrastructure to manage the business operations from office to landfill. He was instrumental in successfully merging three waste industry companies, Advanced Disposal Services, Veolia, and Interstate Waste.

Driving The Growth

With experienced and driven management in place, the question then becomes, how far and how fast can MRDN grow? In 2016, growth was primarily facilitated through two acquisitions made in 2015, and also from the continued organic growth in MRDN itself. Leveraging off of the prospering revenue growth, management plans to increase the rate of future expansion by increasing the company’s presence in the commercial and roll off business. With gross profit improving, despite the pace of acquisition, it exemplifies the fact that management has the ability to effectively manage and improve efficiencies while at the same time increasing scale at an accelerated pace.

Developing a well thought out business plan is the key to operational success, and the tangibles are in place for MRDN to take advantage of the strategic opportunities that are both in place and available to the company. Acquisition will be a preferred strategy of management, and their goal is to identify and act upon current opportunities to not only build greater efficiencies within the Meridian Waste Solutions platform, but to also build a strong culture within MRDN, intending to take advantage of the team’s expertise in the industry. While searching for opportunities, management expects to remain nimble in its pursuit to add value at the municipal contract level, looking to constantly take measures to extend the length of existing contracted revenue.

On its acquisition mission, MRDN will focus on tuck-in operations centered around existing operations. New markets must be able to be vertically integrated or be disposal neutral markets, and the primary acquisition target will be focused on mid-sized companies with a substantial record of long term contracts with municipalities across MRDN’s regional platform. The retention rate of current contracts is vital to the evaluation and consideration of any acquisition candidate. Foremost, the revenues must be accretive to MRDN earnings.

MRDN Growth

Playing Favorites With Waste

The waste industry is tightly knit, and in certain regions of the country, the businesses are comparably small in nature with family ownership at stake. Trust is a huge driver in companies having the ability to acquire others in the industry. Of significant benefit to MRDN, their name is well respected. Taking advantage of their favorable industry reputation, MRDN can close deals by offering valuable upfront consideration to owner operators, providing upfront cash, initial stock positions, and long term employment contracts. MRDN management believes that sellers are attracted to MRDN because of their local appeal, the commitment to retain current employees, customer focus, and the maintaining of local management to facilitate daily operations.

No Waste In The Industry

For investors, no matter the opportunity, investing into a long term proposition is vital. The waste industry is currently estimated to be an $89 billion basic service industry. Compounding that number higher is the approximate $49 billion annual contribution from domestic waste collection and disposal. Regardless of the economy, the business model is recession resistant and has strong and predictable cash flows, which generate respectable and healthy EBITDA margins of between 20% – 60% for sectors in hauling, transfer station operations, and landfill services.

Putting the pieces together, MRDN is in a position to quickly capitalize from both its organic and acquisitive strategies. With the most recent acquisition resulting in an annual revenue run rate of $63 million, an increase in EBIDTA is certainly expected.

MRDN can further capitalize on their efficiencies through technology and route optimization, providing high levels of customer satisfaction, which corresponds to a high degree of customer retention. Focusing on full service and scalable business platforms, and building upon its growing trend of municipal based solid waste and disposal trends, MRDN is well positioned to capitalize on several industry fronts.

MRDN, as a whole, is well integrated and has an executive team capable of taking advantage of immediate opportunity, having the ability and experience to maintain stable pricing models, build efficient and manageable collection routes, and to face down inherent risks in the industry, such as government regulation and competitive pricing pressures.

With the leadership from the executive team, MRDN has a substantial opportunity to become a powerful regional player in the waste sector. The current value proposition alone suggests investment consideration be given by aggressive value investors. But, when valuation metrics are combined with the strength of management and the availability of substantial funding’s through Goldman Sachs Specialty Lending, the potential for MRDN to ultimately be recognized and valued appropriately, with even an “average” industry multiple, may provide shareholders significant upside potential.

For MRDN, having more waste is beneficial to shareholders. And, with the most recent acquisitions demonstrating the teams ability to drive accretive revenue with efficient margins, the opportunity for shareholders to eventually be full of garbage, and profit, is not a consideration to be thrown away.

Target Corporation TGT Stock News

Target Corporation (NYSE: TGT)

Target Corporation is having an interesting day in the market today. At the open, the stock was trading slightly in the green. From there, it bumped up slightly before making a dive into the red and beyond. However, the stock has started to spike back up toward the breakeven point recently. Below, we’ll talk about what we’re seeing from TGT, why, and what we’ll be watching for ahead.





What We’re Seeing From TGT

As mentioned above, Target Corporation is having an interesting day in the market today, to say the least. At the open of the trading session, the stock was indeed trading slightly green. However, that didn’t last long. After a small push upward, the stock started to take a dive, bringing it deep into the abyss. However, the stock started to make a push back for the green minutes ago, and it’s incredibly close to the line at the moment. In fact, Currently (10:00), TGT is trading at $55.35 per share after a loss of $0.01 per share (0.02%) thus far today.

Why The Stock Is Spiking

As is nearly always the case, our partners at Trade Ideas were the first to inform us of the gains on TGT. As soon as we received the alert, the CNA Finance team went to work to see why the stock was spiking for the top. While we were unable to find any fundamental news that would lead to such gains, we were able to find a rumor that we believe is the cause of the movement.




At the moment, there’s a rumor all over social media about Target Corporation. That rumor is that Carl Icahn, one of the world’s leading activist investors, will be taking a large stake in the company. At the moment, there is no confirmation from either side, and to be honest, the rumor is incredibly vague. As a result, we don’t believe that there is any validity to this one, but we will continue to watch to see if there is.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TGT. In particular, we’re interested in learning whether or not Icahn will be taking an activist role in the company. Of course, if he did, it would be a positive thing; but given the data surrounding the rumor, this one seems to be false. Nonetheless, we’ll continue to watch the news and bring it to you as it breaks!

Update (11:36): Well, we called it, the rumors seem to be invalid and the investing community seems to know it. TGT is back to sliding downward. At the moment, the stock is trading at $55.10 per share after a loss of $0.26 per share (0.47%) thus far today.

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Auxilio, Inc. AUXO Stock News

Auxilio, Inc. (NYSEMKT: AUXO)

Auxilio was off to a relatively normal day in the market today. At the open, the stock was trading slightly green. While it did see its ups and downs, the movement wasn’t much worth writing home about. Nonetheless, minutes ago, the stock started to soar. Below, we’ll talk about what we’re seeing from AUXO, why, and what we’ll be watching for ahead.





What We’re Seeing From AUXO

As mentioned above, Auxilio wasn’t having a great day and it wasn’t having a bad one today. The movement was relatively bland. Sure, the stock started in the green and saw some ups and downs, but really, nothing exciting was happening. That is, until minutes ago when the stock started to soar. At the moment (12:35), AUXO is trading at $4.85 per share after a gain of $0.63 per share or 14.93% thus far today.

Why The Stock Is Headed Up

As is usually the case, our partners at Trade Ideas were the first to inform us of the gains on AUXO. As soon as we received the alert, the CNA Finance team started working to see why the stock was making a run for the top. It didn’t take long to dig up the story, the gains seem to be the result of the fact that the company won a service contract, and a big one at that.




Minutes ago, news broke that Auxilio won a $12.5 million contract. The contract is for printing and services. The contract was signed with a Prestigious University Medical Center. Of course, this is overwhelmingly exciting news as $12.5 million in revenue is always welcomed for any company, especially one the size of AUXO.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AUXO. In particular, we’ll be watching for any news associated with the new contract as well as other contracts that may be in the works. Nonetheless, we’ll continue to follow the story and bring it to you as it breaks!

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Kohl's Corporation KSS Stock News

Kohl’s Corporation (NYSE: KSS)

Kohl’s Corporation is having a pretty strong day in the market today. When the trading session started for the day, the stock was already trading slightly in the green. From there, we’ve seen mostly upward movement. Then, things went from good to great as the stock started spiking upward. Below, we’ll talk about what we’re seeing from KSS, why, and what we’ll be watching for ahead.





What We’re Seeing From KSS

As mentioned above, Kohl’s Corporation is having a good day in the market so far. When the opening bell rang, the stock was already trading slightly green. Since then, we’ve seen a continuation of steady upward movement. That is, until minutes ago when the stock started on a spike upward. At the moment (11:36), KSS is trading at $40.68 per share after a gain of $0.90 per share or 2.26% thus far today.

Why The Stock Is Headed Up

As is nearly always the case, our partners at Trade Ideas were the first to alert us of the gains on KSS. As soon as we received the alert, the CNA Finance team started digging to see why the stock was heading upward. It didn’t take long to dig up the story. Ultimately, the gains are the result of a rumor.




At the moment, there’s a rumor circling Kohl’s Corporation all over social media. That rumor is that the company is considering taking itself private. Of course, if this happens, it would return strong value to shareholders. However, it’s important to keep in mind that at the moment, this is nothing more than a rumor.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching KSS incredibly closely. In particular, we’re interested in seeing whether or not there is any validity to the rumors hitting the wire at the moment. We’ll be calling the company shortly and updating you with any news we see or hear as it breaks! Stay tuned!

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Burlington Stores Inc BURL Stock News

Burlington Stores Inc (NYSE: BURL)

Burlington Stores is having a rough start to the trading session today, and for good reason. Yesterday, a filing that pretty much flew under the radar showed that yet another director has made the decision to resign. Today, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to BURL ahead.





What We’re Seeing From BURL

As mentioned above, Burlington Stores isn’t having the best of days in the market. In fact, at the opening bell, the stock was already trading in the red. From there, we’ve seen a continuation of declines throughout the morning thus far, bringing the stock further and further into the abyss. At the moment (10:50), BURL is trading at $92.50 per share after a loss of $1.37 per share or 1.46% thus far today.

Why The Stock Is Falling

Before we get into the details, it’s important that we give credit where credit is due. Our partners at Trade Ideas were the first to inform us of the gains on BURL. As soon as we received the alert, the CNA Finance team started digging to see why the stock was making a run for the bottom. It didn’t take long to dig up the story.




While Burlington Stores has said that business is going great, that doesn’t seem to be the case, at least if you look at the Board of Directors. In fact, just yesterday, the company announced that a second director has made the decision to resign from his position. The company announced that Joshua Bekenstein resigned from the company, effective March 7th. In the filing, it was stated that the departure was not the result of any disagreement with the company on any mater relating to operations, policies or practices. So, the big question is simple. Why are directors resigning?

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BURL. Unfortunately, we aren’t expecting to see much positive news. Ultimately, it’s not common for lead members of a company to resign without reason. There’s got to be a reason that two directors have resigned. What that reason is, well, we’re hoping to dig that up soon. Nonetheless, we’ll continue to follow the news and bring it to you as it breaks!

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Yelp Inc YELP Stock News

Yelp Inc (NYSE: YELP)

Yelp is having an incredibly interesting day in the market today. After starting the day off in the green, the stock quickly found its way to the red. From there, it quickly worked its way back to the green and remained relatively flat throughout the rest of the morning. That is, until minutes ago when the stock started to spike for the top. Below, we’ll talk about what we’re seeing from YELP, why, and what we’ll be watching with regard to the stock ahead.





What We’re Seeing From YELP

As mentioned above, Yelp has been all over the place this morning. At the opening bell, the stock was trading in the green before quickly bouncing in the red, then back to the green. However, since then, things have remained relatively flat. That is, until the stock started to skyrocket minutes ago as rumors broke. At the moment (11:13), YELP is trading at $34.09 per share after a gain of $0.56 per share or 1.67% thus far today.

Why The Stock Is Headed Up

As is always the case, we give credit where credit is due, and Trade Ideas deserves the credit for being the first to alert us of the gains on YELP. As soon as the CNA Finance team noticed the alert, we started digging to see why the stock was making a run for the top. It didn’t take long to dig up the story. While the company hasn’t released anything that would have sent the stock upward, we did see something in social that caught our attention.




At the moment, there’s a rumor surrounding Yelp Inc in the social space. According to the rumor, the company is gearing up to be taken over. Like most rumors, this one is overwhelmingly vague and not likely true. The rumor suggests no takeover price nor who the buyer might be. Nonetheless, it is indeed causing excitement, sending the stock upward.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching YELP incredibly closely. While we watch, we’re looking to see if there is any validity to the rumors that are surfacing this morning. As mentioned above, they are vague, so you shouldn’t get your hopes up. Nonetheless, if an acquisition does happen, it will likely return incredible value to shareholders. We’ll continue to watch the story and bring you the news as it breaks!

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Hartford Financial Services Group Inc HIG Stock News

Hartford Financial Services Group Inc (NYSE: HIG)

Hartford Financial Services Group is having an incredibly interesting day in the market today. When the opening bell rang, the stock was already trading deep in the red. However, it quickly recovered, making its way to the green. From there, it bounced around a bit before falling back to the red. Nonetheless, minutes ago, the stock started to spike, quickly making it to the green again. Below, we’ll talk about what we’re seeing from HIG, why, and what we’ll be watching for with regard to the stock ahead.





What We’re Seeing From HIG

The movement we’re seeing on Hartford Financial Services Group is interesting to say the least. While the stock was in the red at the open, it quickly made it to the green. From there, we saw movement in both directions until another spike downward came, bringing it into the red. Nonetheless, minutes ago, it started to work its way up in a big way, quickly making it to the green yet again. At the moment (11:05), HIG is trading at $48.52 per share after a gain of $0.01 per share or 0.03% thus far today.

Why The Stock Is Spiking

As is usually the case, our partners at Trade Ideas were the first to inform us of the gains on HIG. As soon as the CNA Finance team saw the alert, we started working to see why the stock was spiking upward. It didn’t take long to dig up the cause. While the company hasn’t released any fundamental news that would lead to such gains, we did find an interesting rumor.




At the moment, all over the realm of social media, we’re seeing the rumor surrounding Hartford Financial Services Group. That rumor is that the company will soon be taken over. Now, this rumor is incredibly vague. There is no suggestion as to what price the takeover will happen at nor who the buyer is. Given the vagueness, we’re not expecting there to be any validity to this rumor.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on HIG. In particular, we’re interested in learning if there is any validity to this rumor. If so, it could return incredible value to shareholders, but as mentioned above, we’re not getting our hopes up. Nonetheless, we’ll be watching the story closely and bringing it to you as it breaks!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips is having yet another strong day in the market today as the bulls continue to work to gain control on the stock. While there’s no doubt that there has been some concern surrounding the stock as of late, there’s also been good news recently released that is getting the bulls ramped up. Today, we’ll talk about what we’re seeing from DRYS, why, and what we’ll be watching for ahead.





What We’re Seeing From DRYS

As mentioned above, the bulls are working to regain control on DryShips, and at the moment, it’s looking like they’re doing a pretty good job today. While we are still very early in the day, since the opening bell, the stock has been working toward the top. At the moment (9:39), DRYS is trading at $1.64 per share after a gain of $0.05 per share or 3.15% thus far today.

Do The Bulls Have Horns?

As is normally the case, our partners at Trade Ideas were the first to inform us of the upward run on DRYS. As soon as the CNA Finance team heard of the news that the stock was headed up, we started working to answer the big question… why? In this particular case, there has been no news released today by the company, but we do believe that we know why the stock is gaining.




Recently, DryShips announced the purchase of gas carriers. While this may not sound like a huge deal, at the end of the day, it really is. The reason for this is that the bulk shipping industry, the industry in which the company operates is incredibly volatile. However, gas shipping is a completely different game and volatility isn’t nearly as big of an issue.

The idea that DRYS has purchased carriers for gas shows that the company is essentially working to hedge against volatility in their sector. These carriers will bring a bit of stability to the company, and given recent movement surrounding the stock, the stability is much needed.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching DRYS incredibly closely. While there are several topics we’re watching, one that will be on the top of the list is the continued progress toward a focus on gas shipments. Nonetheless, as always, we’ll continue to follow the story and bring you the news as it breaks!

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[Image Courtesy of Wikimedia]

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