Service Stocks

Sears Holdings Corp SHLD Stock News

Sears Holdings Corp (NASDAQ: SHLD) is having an overwhelmingly strong day in the market today, and for good reason. The company reported earnings before the opening bell, beating expectations in a big way. As a result, excitement ensued and investors pushed the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:03), SHLD is trading at $8.90 per share after a gain of $1.43 per share or 19.14% thus far today.




SHLD Gains On Strong Earnings

As mentioned above, Sears Holdings is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company reported earnings, blowing away expectations. Here’s what we saw from the report…



  • Earnings Per Share – In terms of earnings per share, SHLD definitely did not disappoint. During the quarter, analysts expected that the company would generate a loss in the amount of $3.05 per share. However, the company actually reported a loss in the amount of $2.15 per share, coming in well ahead of expectations.
  • Revenue – On the revenue side of the coin, we saw more good news. While analysts expected that the company would generate revenue in the amount of $4.05 billion. However, the company actually reported revenue in the amount of $4.3 billion.
  • Same Store Sales – Finally, on the same store sales side of the coin, SHLD came in right in line with expectations. While analysts expected that the same store sales would fall by 12%, the company reported same-store sales declines of 11.9%.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SHLD. While earnings proved to be positive, there are some serious concerns in that we’re seeing continuous declines in sales, revenue, and earnings. Ultimately, companies can’t operate at losses forever. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Cumulus Media Inc CMLS Stock News

Cumulus Media Inc (NASDAQ: CMLS) is having an overwhelmingly strong start to the trading session today, and for good reason. Over the weekend, rumors broke that the company would soon be acquired. Interestingly enough, unlike most rumors, there’s strong evidence of this being a real possibility here. As a result, investors pushed the stock upward in a big way, prompting our partners at Trade Ideas to alert us to the gains. At the moment (11:02), CMLS is trading at $0.64 per share after a gain of $0.15 per share (29.82%) thus far today.





CMLS Gains On Buyout Hopes

As mentioned above, Cumulus Media is having an overwhelmingly strong day in the market today as rumors surfaced over the weekend that the company may soon be acquired. The rumor is that Lew Dickey, the former CEO of the company,  is working on a deal to buy the company, and this isn’t one of those rumors that has a very small chance of being true. In fact, there’s strong evidence of a play here.




Recently, Lew Dickey raised $207 million from the public, stating that he was working on a deal. The money was raised through Dikey’s newly formed company, Modern Media Acquisition Corp. In a statement, Dickey made it clear that he does indeed intend to move forward with acquisitions. Here’s what the former CMLS CEO to offer:

Demand was strong… I’m now hard at work looking for a company in media, entertainment or marketing services [with a] value approaching $1 billion. It will be a ‘platform company’ where we expect to make follow-on acquisitions and will be listed on NASDAQ.”

Nonetheless, Dickey didn’t say anything about a planned buyout of Cumulus Media. As a result, it’s important to treat the current gains as rumor-based gains and understand the risk that is associated with acquisition rumors in the market if you’re going to trade on this news.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CMLS. In particular, we’re interested in learning whether or not Dickey will be making a play to acquire the company. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Target Corporation TGT Stock News

Target Corporation (NYSE: TGT) is having an overwhelmingly strong start to the trading session today, and for good reason. The company released its earnings for the first quarter, blowing away even its own expectations. This led to excitement among investors and gains in the stock. As is usual, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:05), TGT is trading at $56.16 per share after a gain of $1.66 per share or 3.05% thus far today. So, why is the company still in trouble? We’ll talk about that below.





TGT Earnings Excite Investors But Point To Troubling Times

As mentioned above, Target is having a strong day in the market today. After reporting better-than expected earnings, the stock is soaring. However, there’s still a bit of doom and gloom here to be honest.




First and foremost, TGT reported revenue in the amount of $16.02 billion. Not only did this beat analyst expectations, it beat the company’s own top guidance. However, there’s still a bit of a problem here. On a year over year basis, revenue was down 1.1%, further outlining the struggles that brick and mortar retail companies in the United States are facing.

On the earnings side of the coins, things look even better… and worse. During the first quarter, TGT reported earnings in the amount of $1.21 per share. This seemed to be overwhelmingly positive news as this figure was 33% higher than analyst expectations. However, the truth of the matter is that if we look at a year-over-year view, things aren’t so pretty. In fact, in terms of YOY, earnings fell by 6.1%.

Target Seems To Be Admitting That Harder Times Are Coming

This is where things get very interesting. The reality is that when a publicly traded company produces revenue that’s 20% above their own top-line guidance, we tend to see changes to the guidance for the full year. After all, if Q1 was better than expected, it will lend a hand to full year revenue coming in better than expected as well.

However, that wasn’t the case. In fact, TGT made absolutely no changes to its guidance. This simple fact points to a very grim reality. At the end of the day, without a change in guidance, the company is insinuating that the rest of the year may not be quite as positive as investors expected to see when they saw the full year guidance in the first place. So, by admission via action, the company is simply saying “Get ready for headwinds!”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching TGT incredibly closely. In particular, we’re interested in following the company throughout the rest of the year to see if things go from bad to worse, but get buttoned up nicely in what seems to be positive reports. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Raytheon Company RTN Stock News

Raytheon Company (NYSE: RTN) is having an incredibly strong time in the market at the moment as rumors break. These rumors are leading to excitement among investors, who are pushing the stock upward. Of course, this prompted our partners at Trade Ideas to alert us to the gains. At the moment (12:29), RTN is trading at $161.20 per share after a gain of $1.10 per share (0.69%) thus far today.





RTN Gains On Takeover Chatter

As mentioned above, Raytheon Company is in the midst of a spike in the market at the moment, and for good reason. Rumors are breaking that the company may soon be taken over. According to the rumor mill, the company will soon be taken over by Boeing Co (NYSE: BA). The rumor even gives a price of $200 per share, which represents an overwhelmingly strong premium.




While this rumor is moving the market at the moment, we would like to offer a few words of caution. The fact of the matter is that we see takeover rumors all the time. However, few of these rumors actually prove to be valid. While this one is relatively detailed for a rumor, there’s no confirmation from either side that a deal will actually take place. So, if you plan on trading on this news, please do so with caution.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RTN. In particular, we’re interested in finding out if there is any validity to the rumor mentioned above. If an acquisition does indeed take place, the deal will return incredible value to shareholders. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Whole Foods Market, Inc. WFM Stock News

Whole Foods Market, Inc. (NASDAQ: WFM) was having a rough day in the market today. That is, until minutes ago when the stock started spiking on news of board changes. Of course, this news led to excitement, causing the gains and prompting our partners at Trade Ideas to alert us to the movement. At the moment (1:25), WFM is trading at $36.73 per share after a gain of $0.16 per share or 0.44% thus far today.





WFM Announces Coming Board Changes

As mentioned above, Whole Foods Market was having a rough day in the market today. However, minutes ago, news broke that the company is going to be making some massive management changes. In fact, the company will be changing more than half of its Board of Directors. One of those changes being a change to the Chairman position, which is held by Dr. John Elstrott at the moment.




While there is not much news readily available on these changes as of yet, we do know that the changes are going to be taking place. However, this has nothing to do with the ongoing issues with regard to Jana Partners and is not said to be a settlement.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on WFM. In particular, we’re interested in following the news of the board changes as well as ongoing talks with Jana Partners. Nonetheless, we’ll continue to follow the story closely and bring the details to you as they break!

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Alliance MMA Inc AMMA Stock News

Despite the effect of the blood sucking, parasitic class-action happy legal teams, that leach onto prey in what amounts to a quasi-legal form of extortion, AMMA continues to do what they have set out to do, acquire regional promotion companies that may offer either immediate or near-term accretive value.

Last Wednesday, AMMA announced their latest acquisition, making it the ninth promotion company brought under the AMMA umbrella of assets since 2016. Shares advanced over 13% on the news, closing at $1.54 a share. Since May 1st, shares in are AMMA higher by over 41% on greater than average volume.

AMMA’s Latest Acquisition

AMMA’s most recent acquisition includes the assets of National Fighting Championship (NFC), a regional promotion company that produces professional MMA events throughout Georgia and South Carolina.

NFC, rebranded from Undisputed Productions, has promoted more than 100 MMA events and has continued an expansion plan throughout Georgia and South Carolina. NFC has marketed high profile events in venues throughout the region including MMA fights at Center Stage in Atlanta, Infinite Energy Arena in Georgia and the TD Convention Center in South Carolina.

Commenting on both the acquisition and strategy at AMMA, Robert Haydak, President of Alliance MMA stated, “We are effectively and systematically continuing to execute our strategy of aggressively acquiring leading regional MMA promotions across the country.” He continued by saying, “The addition of NFC to the Alliance MMA enterprise clearly validates the ongoing success of our business model. Their documented experience in producing outstanding MMA events, and the fact that they have established a solid brand name in Atlanta, one of our remaining targeted top 20 national media markets, makes NFC an ideal fit for Alliance MMA.”

The AMMA Growth Plan Continues Undeterred

The company remains spot on when it comes to executing on its strategic initiatives. NFC joins a list of already consummated deals that enrich the promotion capability of AMMA on a widening regional level. NFC joins other successful promotion companies under the AMMA umbrella. Assets include Cage Fury Fighting Championship (CFFC), Washington-based Combat Games MMA (COGA), Illinois-based Hoosier Fight Club (HFC), and Tennessee-based V3 Fights. Additional regional performers include Maryland-based Shogun Fights, Ohio-based Iron Tiger Fight Series (IT Fight Series), Florida-based Fight Time Promotions, and a San Diego-based promotion under the guidance of MMA luminary Eric Del Fierro.

AMMA expects to promote over 125 events per year, showcasing more than 1000 professional MMA fighters. The company owns additional assets which are expected to generate value through marketing, media, broadcast and sponsorship opportunities. AMMA’s events are recognized and supported by state athletic commissions in all 50 states.

Look At AMMA Fundamentals, Not Robot-Generated Legal Ad’s

Once the hysterics wither away and the legal firms migrate to weaker fish, AMMA should begin to reflect the value deserved. The details of the case are vague, and appear to affect insiders more than it does any retail investor. Thus, I don’t see the value for a retail plaintiff and expect the case to fail. But, as many investors know, once a single firm trolls for a client, the inevitable onslaught of followers emerge, adding to the hysterics that drive share prices down without regard to the actual intrinsic value in a company.

I see things as they exist. The opportunistic vision at AMMA is intact, and the acquisition strategy is continuing to develop as planned. Each acquisition adds value, and until the share price realizes these asset gains, investors may enjoy a welcome opportunity at depressed levels. Warning though, these legal solicitations only work if the stock price remains depressed, so, be nimble when building a position. Until investors can absorb headlines without seeing them get buried by legal solicitations, buying opportunities may present themselves, as short sellers try to capitalize on nervous longs that pay more attention to hype than to fundamentals.

Disclosure: This article was written by Kenny Soulstring, and it reflects my own opinions and unique articulation. This article is not intended to offer investing advice, guarantee 100% accurate predictions or to be interpreted as providing a personal recommendation. What I can guarantee, though, is accurate research, thoughtful analysis and an enthusiasm about any stock that I cover.

While I seek to uncover emerging companies that I feel have true value and potential, it’s important that investors assign an appropriate time horizon to each of their investments, understanding that emerging companies need time to mature.

I wrote this article myself and it includes my own research and expresses my own opinions. I am not receiving compensation for it (other than from CNA Finance). I have no business relationship with any company whose stock is mentioned in this article.

Additional Disclosure: I am long AMMA and may purchase additional shares within the next 72 hours.

Disclaimer- CNA Finance is NOT an Investment Advisor. Our goal is to bring both news and under discovered stocks to the attention of investors to assist in making smart decisions in the market. CNA Finance is a for profit company. That profit is generated through three (3) different types of relationships. First and foremost, we work with pay per click and CPM advertisers on banners. We also have affiliate relationships with various companies where we earn a portion of the sales we refer. Finally, we may have relationships with some of the companies or IR firms that represent companies mentioned within our works in which we are compensated in cash and or stock for consulting, investor relations, and Press Release services. World Wide Holdings paid CNA Finance $3,000 to hire Perceptive Analytics for research and writing services as well as other investor relations services provided to Alliance MMA by CNA Finance. All information researched and provided through any article associated with Alliance MMA and published on CNA Finance is public information that is documented and available upon request. CNA Finance encourages all investors to seek professional advice before making any investment decision.

Alliance MMA Inc AMMA Stock News

Alliance MMA is not slowing down, in fact, since last week the company announced acquisition news that further broadens the reach of AMMA. Completing a busy week, AMMA announced that they had acquired the assets of National Fighting Championship, a regional MMA promotion company that will expand the AMMA footprint into the Georgia market. In addition to the acquisition news, AMMA announced that they had signed several top MMA prospects to multi-fight agreements through their wholly owned subsidiary Combat Games MMA.

Top Prospects Lead AMMA Forward

For those that have been following the AMMA story, the focus for the company is to build a national promotional footprint that can identify and develop the next generation of top-ranked champions, becoming a conduit for emerging fighters to join the ranks of top MMA promotion companies like UFC and Bellator.

Alliance MMA’s mission is to identify and cultivate the next generation of champions, and that starts with signing exclusive fight deals with the most promising prospects,” said Robert Haydak, President of Alliance MMA. “Combat Games is following that strategy by quickly establishing a remarkable roster with enormous fighter talent.”

The most recent signings include Joey Pierotti, Miranda Granger and Nathan Stolen, each of whom will fight under the Combat Games promotion company.

An undefeated welterweight with a record of 5-0, Joey “Mama’s Boy” Pierotti is a Port of Seattle firefighter by day and MMA fighter by night. Pierotti is scheduled to fight for the COGA welterweight title on may 20th against Andy Nigretto at the COGA 55 – Rumble On The Ridge at the Snoqualmie Casino.

Miranda “Danger” Granger, an undefeated fighter though her first ten fights is an accomplished MMA and kickboxing specialist. Already a holder of amateur championship belts that include the AX Fighting Championships Amateur World Kickboxing Title and COGA Amateur Strawweight Title, Granger is an up-and-comer with lifelong martial arts experience that makes her a likely fighter to advance into the higher ranks of professional woman’s MMA events.

The third fighter signed is Nathan “Superman” Stolen, the current COGA featherweight champion. This 24-year-old fighter has proven to be a fan favorite, boasting an undefeated record during his professional career. His most recent win came off of a third round submission of Carson Frei at COGA 54. Proving himself as one of the top emerging fighters in the Pacific Northwest region, Stolen fits the AMMA model well, bringing with him the opportunity for AMMA to advance new fighters into the major leagues of MMA fighting.

Pay Attention To Alliance MMA Promotions

Pushing a regional expansion throughout the United States, AMMA’s stated mission is to identify and cultivate the next generation of fighters and champions for the Ultimate Fighting Championship (UFC) and other premier MMA promotions. The company anticipates promoting over 125 MMA events per year and showcasing more than 1000 emerging fighters. Sanctioned in all 50 states, AMMA, through its subsidiary acquisitions is positioning themselves as the top regional promotion company that has the unique ability to advance its fighters into the highest level of MMA competition.

AMMA is the only publicly-traded company that can provide investors with direct exposure to MMA promotions and has been trading on the NASDAQ since its IPO in 2016.

 

Disclosure: This article was written by Kenny Soulstring, and it reflects my own opinions and unique articulation. This article is not intended to offer investing advice, guarantee 100% accurate predictions or to be interpreted as providing a personal recommendation. What I can guarantee, though, is accurate research, thoughtful analysis and an enthusiasm about any stock that I cover.

While I seek to uncover emerging companies that I feel have true value and potential, it’s important that investors assign an appropriate time horizon to each of their investments, understanding that emerging companies need time to mature.

I wrote this article myself and it includes my own research and expresses my own opinions. I am not receiving compensation for it (other than from CNA Finance). I have no business relationship with any company whose stock is mentioned in this article.

Additional Disclosure: I am long AMMA and may purchase additional shares within the next 72 hours.

Disclaimer- CNA Finance is NOT an Investment Advisor. Our goal is to bring both news and under discovered stocks to the attention of investors to assist in making smart decisions in the market. CNA Finance is a for profit company. That profit is generated through three (3) different types of relationships. First and foremost, we work with pay per click and CPM advertisers on banners. We also have affiliate relationships with various companies where we earn a portion of the sales we refer. Finally, we may have relationships with some of the companies or IR firms that represent companies mentioned within our works in which we are compensated in cash and or stock for consulting, investor relations, and Press Release services. World Wide Holdings paid CNA Finance $3,000 to hire Perceptive Analytics for research and writing services as well as other investor relations services provided to Alliance MMA by CNA Finance. All information researched and provided through any article associated with Alliance MMA and published on CNA Finance is public information that is documented and available upon request. CNA Finance encourages all investors to seek professional advice before making any investment decision.

 

Pandora Media Inc P Stock News

Pandora Media Inc (NYSE: P) was off to a rough start in the market today, and while the stock is still trading in the red, it is making up its losses pretty quickly. The gains are the result of news that a deal is inevitable, and soon. Of course, this led to excitement among investors, leading to gains in the value of the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (12:11), P is trading at $10.18 per share after a gain of $0.20 per share or 1.93% thus far today.





P Stock Climbs On Deal Confidence

As mentioned above, Pandora was off to a rough day in the market today. However, minutes ago, the stock started working to make up for early morning losses. Ultimately, the gains are the result of the company saying that it was confident of a deal taking place within the next 30 days.

Of course, if an acquisition deal does happen, strong returns would likely be seen by investors. As a result, the comments that the company is confident of a deal over the next 30 days led to an investor frenzy.




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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on P stock. In particular, we’re interested in following the news of this potential deal in the works. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Hertz Global Holdings HTZ Stock News

There is an update below!

Hertz Global Holdings (NYSE: HTZ) is having an incredibly hard time in the market today, and for good reason. The company released its earnings report, missing expectations in a big way on both top and bottom line. Of course, this led to panic among investors who promptly pushed the stock downward. As is normally the case, our partners at Trade Ideas were the first to alert us to the declines. At the moment (9:50), HTZ is trading at $12.15 per share after a loss of $2.76 per share or 18.51% thus far today.





HTZ Misses On Earnings

As mentioned above, Hertz Global is having an overwhelmingly rough day in the market today after reporting earnings for the first quarter. Unfortunately, the results missed expectations in a big way. Here’s what we saw from the report…

  • Earnings Per Share – In terms of earnings per share, HTZ produced a big upset. During the quarter, the company produced a loss of $1.61 per share. That missed analyst expectations by $0.70 per share.
  • Revenue – Unfortunately, revenue wasn’t much better. During the quarter, analysts expected that the company would generate $1.94 billion in revenue. However, the company reported revenue in the amount of $1.92 billion. This was down 3% year over year and missed expectations by $20 million.

Along with the release of earnings, Kathryn V. Marinello, president and CEO at HTZ had the following to offer…

As previously outlined, we are executing on a turnaround plan that puts our customers at the center of everything we do… Our goal is to strengthen the business to drive predictable, sustainable growth over the long term. While we are mindful of today’s headwinds related to used car residual values, our commitment to investing in the business remains steadfast. In particular, we are placing significant emphasis on fleet quality, the customer experience, brand development and system transformation. These investments are critical to rebuilding our position as a leader in the global rental car market. While our performance doesn’t yet reflect our investments and may continue to be uneven, we are seeing signs of progress.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on HTZ. In particular, we’re interested in following the company to see if their investments do indeed lead to predictable and sustainable growth. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

UPDATE 10:44: HTZ is starting to make its way back upward as rumors break. The rumors suggest that Icahn may purchase the company. While we do not believe that these rumors are true, anything can happen in the market and this seems to be leading to some excitement. At the moment, HTZ is trading at $12.96 per share after a loss of $1.95 per share or 13.08% thus far today.

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Tribune Company Common Stock TRCO Stock News

Tribune Company Common Stock (NYSE: TRCO) is having a strong start to the day in the market this morning, and for good reason. Recently, we’ve been seeing several acquisition rumors surrounding the idea that the company would be taken over. Then, minutes ago, investors learned that the rumors were valid and the takeover is going to happen. Of course, this led to excitement in the investing community, pushing the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:01), TRCO is trading at $42.50 per share after a gain of $2.21 per share or 5.49% thus far today.





TRCO Gains On Takeover News

As mentioned above, Tribune Company is having an incredibly strong start to the trading session this morning after announcing that Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) has made the decision to acquire the company. The acquisition will come at a price of $43.50 per share, bringing the total to approximately $3.9 billion. Also, Sinclair will assume about $2.7 billion in TRCO debt. In a statement, Peter Kern, CEO at Tribune, had the following to offer…




Today’s announcement is the culmination of an extensive strategic review, which has delivered significant value to our stockholders… Since we announced the strategic review 15 months ago, we have streamlined the business, monetized non-core assets, strengthened our balance sheet and returned more than $800 million to stockholders – all of which has resulted in a 50% increase in stockholder value. We are extremely proud to join Sinclair, and we’re excited that Tribune stockholders and employees will have the opportunity to participate in the long-term growth of the combined company.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both TRCO and SBGI. In particular, we’ll be following the news surrounding the acquisition as the deal is still subject to customary closing conditions. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

0 5141
Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...