Service Stocks

Wayfair Inc W Stock News

Wayfair Inc (NYSE:W) was off to what seemed to be a normal day in the market today. That is, until minutes ago when Citron released a report surrounding the company. The report set fear in the minds of investors, leading to a spike downward. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (10:35), W is trading at $44.55 per share after a loss of $1.13 per share or 2.47% thus far today.





W Stock Slammed By Citron

As mentioned above, Wayfair took a dive minutes ago after Citron Research released a report about the company. There are a few particular issues that were pointed out…




  • The business model doesn’t allow the company to make money.
  • Accounts payable exceed 10% of the Wayfair’s revenue and are more than the company has in cash on hand.
  • The accounting process for the company is a manual one. With a company that big, it makes it nearly impossible to get things right!

Of course, the report goes into quite a bit of detail, but at the end of the day, you get the gist. The company’s infrastructure doesn’t make sense, financing is out of wack, and accounting is something you would see in an at-home business.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on W stock. In particular, we’re interested in how the company responds to the report as well as digging deeper into the company ourselves. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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SAExploration Holdings, Inc. SAEX Stock News

SAExploration Holdings, Inc. (NASDAQ:SAEX) is having an incredible start to the trading session today, and for good reason. The company announced that it has received several orders with a total value of around $20 million. Of course, this led to investor excitement and caused the stock to spike upward. As usual, our partners at Trade Ideas were the first to alert us to the movement. At the moment (10:28), SAEX is trading at $5.73 per share after a gain of $0.40 per share or 7.50% thus far today.





SAEX Gains On Orders

As mentioned above, SAExploration is having a great start to the trading session this morning after announcing that it has received new orders. The orders surround new projects for onshore logistics support and seismic data acquisition services. All together, the orders are valued at around $20 million. It is expected that all projects under this order will be completed by the second half of 2017.




According to the SAEX press release, the projects under this order are located in Collumbia and Canada. All projects are going to cover equally challenging terrain, which requires special knowledge of the surrounding environments. However, no new capital expenditures will be required to complete the new projects.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SAEX. In particular, we’ll be keeping tabs on the new projects and following the company through any new news. Of course, we’ll continue to follow the story closely and bring the news to you as it breaks.

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CIGNA Corporation CI Stock News

Update! Cigna Corporation (CI) is falling back down as ANTM denies reports of trying to save the acquisition. 

CIGNA Corporation (NYSE:CI) was off to a rough start, trading in the red early on. However, that all changed minutes ago as it was announced that the takeover of the company may be saved. Of course, this led to investor excitement, and ultimately a spike in the stock’s value. As is almost always the case, our partners at Trade Ideas were the first to inform us of the movement. At the moment (10:03). CI is trading at $153.86 per share after a gain of $1.91 per share (1.26%) thus far today.





ANTM May Takeover CI After All

As mentioned above, CI spiked minutes ago, and for good reason. You see, Anthem has been working to takeover Cigna. However, this work hit a bit of a roadblock with the Trump Administration. Nonetheless, news broke minutes ago stating that ANTM is in last minute talks with the Trump Administration in an attempt to “rescue” the deal to acquire CI.




Of course, no one quite knows whether or not these talks will turn out to be positive. Nonetheless, if they do, Cigna will indeed be acquired by Anthem. At the end of the day, the concept is exciting to investors who are pushing the stock upward!

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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 CI and ANTM. In particular, we’re interested in learning if the talks with the Trump Administration will be fruitful and whether or not the deal will go through. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Ctrip.Com International Ltd (GDR) CTRP Stock News

Ctrip.Com International Ltd (GDR) (NASDAQ: CTRP) was having a relatively normal day in the market today, trading on slight gains. However, that all changed minutes ago as a probe into hidden costs started hitting the wire. The probe led to fear among investors and declines in the stock, prompting our partners at Trade Ideas to alert us to the movement. At the moment (11:59), CTRP is trading at $48.52 per share after a loss of $0.47 per share (0.95%) thus far today.





CTRP Falls On Probe Into Hidden Costs

As mentioned above, Ctrip.com is having a rough time in the market at the moment, and for good reason. The company is being probed by China Consumers Association. Currently, accusations are surfacing with regard to the company adding hidden costs to their air ticket prices. Of course, any time there’s a report of possible wrong-doing at a company, the stock that’s representative of the company tends to fall. That’s exactly what we’re seeing.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CTRP. In particular, we’re interested in learning more about the probe into the company and whether or not the allegations are true. We’ll continue to follow the story closely and bring the news to you as it breaks!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS) has been all over the major financial outlets as of late, and for good reason. It all started with a Seeking Alpha article that uncovered death-spiral financing at the company. From there, we’ve seen several negative reports about the company, and the stock has been all over the place. However, is there a strong bullish case for DRYS? Today, we’ll talk about a couple of things the company has going for it and whether or not they outweigh the negatives here…





There Are 2 Clear Positives With Regard To DRYS At The Moment

While we’ve seen quite a bit by way of negative reporting on DryShips, there are two bits of positive news that could help to give the stock a boost. They include:

  • Baltic Dry Index – First and foremost, the Baltic Dry Index is key to watch when gauging the potential of any stock in the shipping sector. After all, this index tracks demand in the sector, and the more demand there is, the better the sector as a whole will perform. Well, the Baltic Dry Index is headed up, and as it does, there will be more opportunities for DRYS and others in the shipping sector to grab revenue.
  • China – Another factor here is China’s demand for coal. You see, the country is currently rejecting coal from North Korea. On top of that, Australian coal supply has reduced quite a bit as of late, following a cyclone. Considering this, China ordering more coal from the United States, increasing shipping rates in the process. This is also a positive for DRYS.

Do The Positives Outweigh The Negatives?




At the end of the day, it’s up to you to decide what type of risk you want to take on. While there are a couple of positives here, there are also some negatives. In particular, those that were pointed out with regard to the horrible financing that we’ve seen from the company. Also, the relationship between DryShips and Kalani Investments is a concern to many, to say the least. So, do the positives outweigh the negatives? For me, the answer is no. The truth is that the positives are shipping sector-wide while the negatives are specific to DRYS. That tells me to look into other opportunities. Nonetheless, anything could happen in the market and DryShips could fly. However, if you plan on investing in the company, make sure to do your research and gauge the risks involved.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DRYS. In particular, we’re interested in following the company through the dilution to see if anything positive comes out on the other side. Nonetheless, we’ll continue to follow the news closely and bring the story to you as it breaks!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS) has been a primary topic of discussion among investors for some time now, and for good reason. The stock is up and down more than a roller coaster, and when it makes these moves, they are usually big. However, it may be easy for some to get sucked into what I call the DRYS game. With the perception that this stock may climb from $2 per share to $100 per share any time, it may be hard for some to stay away from it. However, the bottom line is that DRYS is a bad investment, at least in my opinion. Today, we’ll talk about 3 reasons why…





Reason #1: DryShips & Kalani Investments

The first reason that it may be best to stay clear of DRYS has to do with a company known as Kalani Investments. Kalani is a company that’s located in the British Virgin Islands. What they seem to do is purchase massive amounts of stock in foreign companies, only to offload their shares onto the public for a profit. This is what has been referred to time and time again as death spiral financing, and when you follow the paper trail, it’s clear that in these types of transactions, those losing their paper are investors!

Well, DryShips and Kalani have a bit of a history at this point. In fact, Kalani has purchased around a half a billion dollars worth of DRYS over the past few months. Every time they make a large purchase, investors frenzy and the stock skyrockets. This is when Kalani likely dumps the stock onto the public for a profit, dragging the value of it down. Ultimately, this death-spiral financing relationship is a perfect reason to stay clear of DRYS.




Reason #2: George Economou Profits While Bleeding DRYS Dry

Unfortunately, the CEO at DryShips, George Economou, doesn’t seem to be much better for the company than Kalani. While Economou has a responsibility to his investors, he seems to throw that responsibility out the window regularly. One of the clearest ways to see this is to look at the company’s debt.

You see, a massive amount of debt owed by DRYS, around 90% of it, is owed to George Economou. Now, I have no problem with a CEO giving loans to his own company. In fact, that’s usually a good thing. However, in this particular case, the problem is how these loans are structured. At the end of the day, Economou charges his own company massive interest rates, higher rates than investors should be willing to pay. All the while, the debt is structured so that DRYS investors all the risk in the loans, not Economou himself. That’s a major issue. Ultimately when the CEO of a company profits at the detriment of investors, well, that’s bad news my friends.

Reason #3: The Reverse Split Runaround

In an attempt to make sure that DryShips continues to look like a decent investment, we’ve seen reverse split after reverse split. These aesthetic changes the the stock are great for looks, but they hide a big issue, and that’s the massive declines the stock has experienced. Ultimately, reverse splits seen at DRYS are a sign that the death-spiral financing is doing what it does best, killing the value of investor assets when they invest in the company.

The Bottom Line

While I would love to say that I can get behind DRYS, that would be like saying I could get behind Enron. At the end of the day, looking into the details shows that DryShips is nothing more than a personal ATM for the CEO of the company, George Economou, and that it’s a source of massive losses for just about anyone else involved, with the exception of Kalani Investments of course.

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Shopify Inc (US) SHOP Stock News

Shopify Inc (US) (NYSE: SHOP) was off to a rough day, trading in the red for the first 20 minutes or so. However, minutes ago, the stock started to spike in a big way as a rumor started to make the rounds. Of course, this prompted our partners at Trade Ideas to alert us to the gains. At the moment (9:56), SHOP is trading at $70.50 per share after a gain of $1.25 per share (1.81%) thus far today.





SHOP Gains On Takeover Rumors

As mentioned above, Shopify is having an overwhelmingly strong start to the trading session this morning after rumors started to break. The rumor is that the company will soon be taken over. However, the rumor is overwhelmingly vague. It doesn’t suggest who the buyer might be or at what price.




The truth is that we see these types of rumors in the market all the time. However, very few of them prove to be valid. In this particular case, we believe that the rumor lacks validity. While SHOP may be a good takeover target for someone, the rumor is incredibly vague and screams FALSE to us.

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What We’ll Be Watching for Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SHOP. In particular, we’re interested in following the potential takeover. While we don’t believe it’s going to happen, the truth is that anything can happen in the market. We’ll continue to follow the story closely and bring the news to you as it breaks!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS) announced a new quarterly dividend this morning, which sent the stock into the green in the premarket. However, it’s trading red at the moment, as investors refuse to be fooled again. Of course, all of this volatility led to a couple of alerts from our partners at Trade Ideas. At the moment (10:33), DRYS is trading at $1.72 per share after a gain of $0.02 per share (1.15%) thus far today.





Investors Refuse To Be Fooled By DRYS Again

As mentioned above, DryShips was off to a relatively strong morning in the market after announcing that its Board of Directors declared a new quarterly cash dividend. The dividend is with regard to the quarter ending on March 31, 2017. Under the company’s dividend policy, DRYS will pay a regular fixed quarterly dividend of $2.5 million to the holders of its common stock.




When it comes to the quarter ending on March 31st, the Board of Directors has declared a dividend of $2.5 million to the common stock shareholders on record as of May 1, 2017, which will be payable on or about May 15th. In general, this would lead to gains. However, investors refuse to be fooled again.

At the end of the day, there’s quite a bit coming to light about financing at DRYS. Not only is the CEO loaning the company money with a massive interest rate and zero risk, but there are several other issues with the company. For example, there is a large share buyer that is consistently buying shares at a discount and dumping them on the public for gains. At the end of the day, investors are seeing right through the attempt to win them back with a small dividend.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DRYS. In particular, we’re interested in the other plans the company has to win investors back, considering that they don’t seem to be falling for this dividend nonsense. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Del Taco Restaurants Inc TACO Stock News

Del Taco Restaurants Inc (NASDAQ: TACO) is having an overwhelmingly rough start to the trading session today, and for good reason. A sell-side report was released minutes ago that alleges that the company overstated EBITDA in a big way. As a result, investors started to ditch the stock, leading to declines and prompting our partners at Trade Ideas to alert us to the trend. At the moment (10:09), TACO is trading at $11.89 per share after a loss of $0.61 per share or 4.88% thus far today.





TACO Could Be In Some Real Trouble

As mentioned above, Del Taco isn’t having the best of days in the market today. The stock is on a downward spiral after a sell-side report was released by Unemon. In the report, Unemon claims that the company overstated its EBITDA in a big way. In fact, it was alleged that the EBITDA was overstated by as much as 20%. Here are some of the key points from the report…




  • TACO overstated EBITDA by as much as 20% and Net Income Before Taxes by as much as 38%.
  • The report claims that the company has told various lies to Wall-Street purposefully misrepresenting franchise costs and upcoming unit growth.
  • Large insiders have been dumping shares.
  • Fair value price on the stock ranges between $5.50 and $7.01.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TACO. In particular, we’re interested in following the story as the company is likely to respond to such major allegations. Nonetheless, we’ll continue to follow the story and bring it to you as it breaks!

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United Continental Holdings Inc UAL Stock News

United Continental Holdings Inc (NYSE: UAL) had an overwhelmingly rough day in the market today and is continuing on the downward path today, and it’s all for good reason. It all has to do with how the company, and police for that matter, treated one of the company’s customers on Sunday. At the moment (10:19), UAL is trading at $68.76 per share after a loss of $2.76 per share (3.86%) thus far today.





UAL Continues Down On Viral Video

United Continental Holdings (United Airlines) is facing a bit of a rough patch, and for good reason. On Sunday, the company overbooked a flight, which happens quite often. However, when it was just about time for the flight to take off, the company decided that it was going to allow non-paying employees to fly. To do so, they had to kick paying customers off of the plane. While some customers made the decision to go without argument, one customer in particular was not up for giving his seat to a non-paying employee. This passenger happened to be a doctor that was eager to get back to his patients and didn’t have time to waste.




Instead of doing what most well-run businesses would do – put paying customers first and telling the employee that they will have to wait for an open seat – the airline decided to send the police in. So, in pulling the doctor out of his seat, the police pretty much beat the guy. Unfortunately, they ended up dragging him off of the airplane with blood streaming down his face.

This has led to a flurry of outrage among consumers and investors alike. Some investors have even posted puns like, “Delta should change its slogan to we beat our competition, not our customers!” As a result, UAL is definitely having a rough time as this issue continues to roll through the news feeds.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on UAL. In particular, we’re interested in the company’s response to the outrage as well as what they plan to do to improve conditions for passengers in the future. As always, 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

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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...