Berkshire Hathaway – Body Saron Siki http://www.bodysaronsiki.com/ Thu, 16 Sep 2021 07:57:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.bodysaronsiki.com/wp-content/uploads/2021/04/default.png Berkshire Hathaway – Body Saron Siki http://www.bodysaronsiki.com/ 32 32 Bow-out ends railroad bidding war https://www.bodysaronsiki.com/bow-out-ends-railroad-bidding-war/ Thu, 16 Sep 2021 06:57:56 +0000 https://www.bodysaronsiki.com/bow-out-ends-railroad-bidding-war/

OMAHA, Neb. – After initially derailing this spring, Canadian Pacific’s acquisition of Kansas City Southern is back on track after Canadian National withdrew from the tender on Wednesday.

The deal, which would create the first railroad covering the United States, Canada and Mexico, could still be subject to close scrutiny by regulators at the federal Surface Transportation Board, which did not approve. no major rail mergers since the 1990s, but Kansas City Southern shareholders will be set to be paid once shareholders of both companies and Mexican regulators approve it, regardless of the Surface Transportation Board’s final decision.

The companies valued the cash and stock deal at $ 31 billion, including the assumption of debt.

“We are thrilled,” said Keith Creel, President and CEO of Canadian Pacific. “No boring times obviously, but he came to a conclusion where we had planned it at the beginning and we thought it would end eventually.”

Canadian Pacific triumphed in the bidding war even though it offered less than Canadian National’s $ 33.6 billion bid because federal regulators did not let Canadian National set up a voting trust to acquire and hold Kansas City Southern during their extended review.

The Canadian National will not leave empty-handed. Kansas City Southern pays its abandoned suitor a $ 700 million breakage fee for terminating its deal and will reimburse the Canadian carrier an additional $ 700 million it paid the US railroad for canceling the deal spring with the Canadian Pacific. Canadian Pacific will reimburse Kansas City Southern for these breach charges under their agreement.

Tenders have been going back and forth since Canadian Pacific Railway and Kansas City Southern first announced their merger deal in March.

Canadian National General Manager JJ Ruest said his railroad will focus on “profitable growth and opportunities for excellence.” Canadian National had come under pressure in recent weeks from a major investor to abandon the deal and work on its own performance.

The London TCI fund, which owns around 5% of the shares of Canadian National, has already announced plans to call a special meeting to appoint four new directors who would help choose a new CEO for the railway. A TCI spokesperson said he would continue to push for leadership changes.

THREE JOB EARNINGS

Shares of all three railroads were higher after Wednesday’s announcements, with Canadian National posting the largest gains, with its stock closing up 2%. Kansas City Southern stocks closed 0.5% higher and Canadian Pacific Railway stocks rose nearly 1%.

For more than two decades, the rail industry has been stable, with two railroads in the western United States – BNSF and Union Pacific – two in the eastern United States – CSX and Norfolk Southern – – Kansas City Southern in the Midwest and the two Canadian railways that serve part of the United States. Regulators have said any merger involving two of the largest railroads generally must increase competition and serve the public interest to be approved.

The only recent deal involving any of these major railroads is the 2010 Berkshire Hathaway purchase of Warren Buffett from BNSF, but this deal has received less scrutiny as it was not from a merger of two rivals.

Creel said he expects the Surface Transportation Board to work to protect competition and the public interest when it considers the acquisition of Kansas City Southern by Canadian Pacific Railway, but he believes the accord will easily meet these standards as there is little overlap between the two railways and a lot of potential benefits.

“I don’t expect regulatory issues to get this deal approved,” Creel said.

Edward Jones analyst Jeff Windau agreed with the relatively straightforward regulatory review, but added that it would be interesting to see what sort of concessions Canadian Pacific and Kansas City Southern might have to make to address concerns raised by competitors and shippers.

DIRECT LINES TO MEXICO

Kansas City Southern was an attractive acquisition target as it was the smallest of the major railroads and the only one with direct lines to Mexico. The United States have all signed on.

Kansas City Southern President and CEO Patrick Ottensmeyer, who is in Mexico City to help move the process forward, said the deal “will benefit KCS and our employees by allowing us to be part of a growing continental business and truly North American ”.

The new railroad will also be well positioned to take advantage of companies that decide to move some of their manufacturing closer to their end markets in North America instead of depending so much on global suppliers.

“Railways are a vital part of the backbone of supply chains. And it will be a very unique franchise to drive some of these investment decisions,” said Ottensmeyer.

Executives of the two railroads do not expect this deal to lead to further consolidation in the industry in part because the Canadian Pacific-Kansas City Combined Railway will always be the smaller of the major railroads. , although it will include around 20,000 miles of track and employ around 20,000 people.

“We will uniquely create a historic network across the three countries that will not be replicated,” Creel said. “I think that stabilizes the network. This creates competition west of the Mississippi, east of the Mississippi, and Canada. This puts us on an equal footing.

Information for this article was provided by Josh Funk of The Associated Press and Thomas Black and Scott Deveau of Bloomberg News (WPNS).

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Warren Buffett: Diversification – GuruFocus.com https://www.bodysaronsiki.com/warren-buffett-diversification-gurufocus-com/ Mon, 13 Sep 2021 15:52:57 +0000 https://www.bodysaronsiki.com/warren-buffett-diversification-gurufocus-com/

Warren Buffett (Trades, Portfolio) is one of the greatest and most experienced investors of all time. I encourage anyone who has not read his historical letters or Berkshire Hathaway’s transcriptions (BRK.A, Financial) (BRK.B, financial) annual meetings to do this.

However, I also encourage investors to ignore many of the quotes from Buffett that they read online. Most of them are taken out of context, and articles rarely explain why the Oracle of Omaha made these comments in the first place. Buffett’s diversification analysis is one example.

Misleading use of Buffett’s quotes

Two of Oracle’s comments are widely publicized on diversification. They are “We think that diversification, as practiced in general, makes very little sense to anyone who knows what it does” and “Diversification is a safeguard against ignorance”.

These comments are essentially the same. They were almost part of the same sentence. At the Berkshire meeting in 2004, Buffett made these comments one after the other in a much longer discussion of diversification. To really understand what he meant, we also need to consider the following part of Buffett’s statement:

“I mean, if you want to make sure that nothing bad happens to you relative to the market, you own everything. There’s nothing wrong with that. I mean, it’s a perfectly healthy approach for someone. one who doesn’t think he knows how to analyze companies. If you know how to analyze companies and value companies, it’s crazy to own 50 stocks or 40 stocks or 30 stocks, probably, because there isn’t a lot of wonderful businesses that are understandable to one human being, in all likelihood. And have a super wonderful business and then put money at number 30 or 35 on your attractiveness list and forgo putting more money at number one , that sounds crazy to me, Charlie and I. “

The key element of this statement is understanding how to analyze a business. If you know how to analyze a business and the business is part of your skillset, then owning other businesses just for the fun of it doesn’t make sense.

However, diversification can be acceptable if one does not understand how to analyze the business or the sector in which the business operates. Maybe it’s even better to hold the whole deal and forget about it. This is the differentiator – business analysis. This is why it can be dangerous to take the Oracle’s comments on diversification out of context.

If one read the statement “We think that diversification, as practiced in general, makes very little sense to anyone who knows what they are doing,” one might think that the best strategy is to own a handful of individual businesses. . But if one really knows what they are doing, and knows the limits of their own investment knowledge, then one won’t take that risk. Indeed, I could argue that diversification makes a lot of sense for investors who know their limits.

A good strategy

In this case, diversification does not protect against ignorance. Diversification is a good investment strategy for investors who are emotionally intelligent enough to know where the limits of their knowledge lie. This is why the isolated use of these quotes and all of Buffett’s other quotes can be downright dangerous.

In this situation, using the quotes in isolation can not only be dangerous, but they are also totally misleading. They paint the opposite picture of what Buffett was trying to convey. The only way to get around this problem is to do your research. Like so much in investing, there is no simple answer to a question. It takes time and effort to find the right solution.

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Anthem, Inc. (NASDAQ: ANTM), (BRKA) – 11 publicly traded companies that donated to the co-sponsors of the Texas Abortion Bill https://www.bodysaronsiki.com/anthem-inc-nasdaq-antm-brka-11-publicly-traded-companies-that-donated-to-the-co-sponsors-of-the-texas-abortion-bill/ Sat, 11 Sep 2021 16:46:00 +0000 https://www.bodysaronsiki.com/anthem-inc-nasdaq-antm-brka-11-publicly-traded-companies-that-donated-to-the-co-sponsors-of-the-texas-abortion-bill/

One of the most controversial state bills passed in September came in Texas with Senate Bill 8, also known as the “heart rate bill” which will make abortion illegal after six weeks of pregnancy. Several news agencies have found a number of state-owned companies that have donated to co-sponsors of the bill.

Sponsors sponsors: Newsletter service Popular information detailed a list of companies that have made donations to co-sponsors of Senate Bill 8. Judd Legum, author of the newsletter, pointed out that some of the companies mentioned called themselves “champions of women’s empowerment and equality”.

Ultraviolet, a women’s rights organization, compiled a list of seven companies that have donated more than $ 100,000 to the sponsors of Senate Bill 8.

Here are 11 companies from both lists.

1. Communications of the Charter: By Popular Information, media company Charter Communications Inc (NASDAQ: CHTR) donated $ 313,000 to the sponsors of Senate Bill 8. UltraViolet indicated the amount of Charter Communications’ donation at $ 219,500.

2. AT&T: Popular news reports AT&T Inc. (NYSE: T) has donated $ 301,000 to the sponsors of Senate Bill 8 in recent years. AT&T marked the celebration of Women’s Equality Day several days before the bill was passed. UltraViolet reported AT & T’s donation amount at $ 291,042.

3. Berkshire Hathaway: UltraViolet listed Warren Buffett-LED Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) Donating $ 128,550 to Senate Bill 8 Sponsors. Popular Information did not list Berkshire Hathaway in its report.

4. Exelon: Energy company Exelon Company (NASDAQ: EXC) made the list of UltraViolet with a total donation of $ 124,000 to Senate Bill 8 sponsors. The company was not mentioned by Popular Information.

Related Link: 5 Public Companies That Are Pushing Back Texas Anti-Abortion Law

5. Pacific Union: Railway company Pacific Union (NYSE: UNP) donated $ 109,900 to the sponsors of Senate Bill 8, according to UltraViolet. The company said in a statement that it used to give politicians “on both sides of the aisle in accordance with national and state rules.”

“We take into account criteria beyond those that have a direct impact on rail operations and trade metrics when evaluating contributions and we annually review our donations to all applicants. “

6. Chevron: Fuel company Chevron Corporation (NYSE: CVX) donated $ 105,500 to the sponsors of Senate Bill 8, according to UltraViolet. Chevron said he was “not always aligned with all of their views” when asked about sponsorship donations.

7. Comcast: NBCUniversal and parent company Comcast Corporation (NASDAQ: CMCSA) has donated $ 58,250 to sponsors of Senate Bill 8 over the past three years.

8. General Motors: Car manufacturer General Motors Company (NYSE: GM) donated $ 72,750 to the sponsors of Senate Bill 8, according to Popular Information.

9. CVS Health: Pharmacy giant CVS Health Corp (NYSE: CVS) donated $ 72,500 to the sponsors of Senate Bill 8. A company spokesperson told Popular Information that political contributions are not endorsements of candidates’ policies.

10. UnitedHealth Group: According to Popular Information, the health insurance company UnitedHealth Group Inc (NYSE: UNH) has donated $ 90,000 to the sponsors of Senate Bill 8 over the past three years. UltraViolet lists the total donations at $ 121,000 to Bill’s sponsors.

11. Hymn: Health insurance company Anthem Inc (NYSE: ANTM) donated $ 87,250 to the sponsors of Senate Bill 8 according to Popular Information.

Photo by Pete Alexopoulos on Unsplash

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Main research reports for Berkshire Hathaway, SAP and Equinix https://www.bodysaronsiki.com/main-research-reports-for-berkshire-hathaway-sap-and-equinix/ Wed, 08 Sep 2021 19:17:00 +0000 https://www.bodysaronsiki.com/main-research-reports-for-berkshire-hathaway-sap-and-equinix/

Wednesday, September 8, 2021

Zacks Research Daily features the best research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Berkshire Hathaway Inc. (BRK.B), SAP SE (SAP) and Equinix, Inc. (EQIX). These research reports were handpicked from the roughly 70 reports released by our team of analysts today.

You can see all today’s research reports here >>>

Actions of Berkshire Hathaway outperformed the insurance sector of Zacks – IARD over the cumulative period of the year (+ 20.1% versus + 17.5%). The Zacks analyst believes the company is poised to benefit from its insurance, manufacturing, service and retail businesses, disciplined capital management as well as acquisitions.

A strong cash position not only supports accretive corporate buyouts, but reflects its financial flexibility. Its non-insurance activities have performed better with increased revenues in recent years. Exposure to catastrophic losses is a major concern as it causes earnings volatility and weighs on Berkshire’s property and casualty underwriting results.

(You can read the full research report on Berkshire Hathaway here >>>)

SAP stocks have gained + 18.1% in the past six months against Zacks’ computer software industry gain of + 28.1%, however, its performance benefited from continued strength in its cloud business. Zacks analyst believes that SAP’s dominance in effective customer engagement, human capital management and interconnected commerce network supports its growth.

The company’s alliances with IBM, Microsoft and Verizon promote business prospects. Strong demand for e-commerce, digital supply chain, and other cloud platform solutions bodes well for the long term. It raised its outlook for 2021 thanks to its strong cloud business. The gradual adoption of software licenses and support offerings and increased investments to improve cloud-based offerings remain concerns, however.

(You can read the full research report on SAP here >>>)

Actions of Equinix have gained + 9% in the last three months against the industry gain Zacks REIT and Equity Trust of + 1%. Zacks analyst believes the company is well positioned to capitalize on its thriving data center business.

The company’s global data center portfolio is likely to experience high demand for interconnected data center spaces, driven by accelerating increasing demands from cloud or internet customers. Competition from operator-neutral data centers, the capital intensity of data center constructions, growing indebtedness, exchange rate fluctuations and the consolidation of the telecommunications sector are major obstacles for the company. ‘business.

(You can read the full Equinix research report here >>>)

Other noteworthy reports we present today include ABB Ltd (ABB), General Dynamics Corporation (DG) and Lululemon Athletica Inc. (LULU).

Sheraz Mian

Research Director

Note: Sheraz Mian heads Zacks’ equity research department and is a renowned expert on aggregate earnings. He is frequently cited in print and electronic media and publishes the weekly Income trends and Income overview reports. If you would like to receive an email notification every time Sheraz publishes a new article, please click here >>>

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General Dynamics Corporation (GD): Free Stock Analysis Report

Equinix, Inc. (EQIX): Free Stock Analysis Report

Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report

SAP SE (SAP): Free Inventory Analysis Report

ABB Ltd (ABB): Free Stock Analysis Report

lululemon Athletica inc. (LULU): Free Stock Analysis Report

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Kraft Heinz to pay $ 62 million to settle SEC claims it overstated cost savings, inflated profits and misled investors https://www.bodysaronsiki.com/kraft-heinz-to-pay-62-million-to-settle-sec-claims-it-overstated-cost-savings-inflated-profits-and-misled-investors/ Sat, 04 Sep 2021 12:27:15 +0000 https://www.bodysaronsiki.com/kraft-heinz-to-pay-62-million-to-settle-sec-claims-it-overstated-cost-savings-inflated-profits-and-misled-investors/
Kraft Heinz has neither admitted nor denied the charges.

  • Kraft Heinz will pay a fine of $ 62 million to resolve an SEC investigation into its accounting.
  • Regulators alleged the group overestimated cost savings, inflated profits and misled investors.
  • Kraft Heinz and two of its former executives settled without admitting or denying the charges.
  • See more stories on the Insider business page.

Kraft Heinz will pay a fine of $ 62 million after regulators accused it on Friday of violating federal anti-fraud and record-keeping requirements. Two of the former executives of the food conglomerate also agreed to pay a combined civil fine of $ 400,000.

“Kraft and its former executives are accused of engaging in inappropriate expense management practices that have lasted for many years and have involved numerous deceptive transactions, millions of bogus savings and a widespread breakdown of accounting controls,” he said. the Securities and Exchange Commission said in a statement. .

The company behind Kraft Macaroni and Cheese and Heinz ketchup – along with its former operations and supply managers, Eduardo Pelleissone and Klaus Hofmann – has not admitted or denied the accusations, but has agreed not to commit any violations. futures, the SEC said.

Kraft Heinz did not immediately respond to a request for comment from Insider. The company said in a regulatory filing that it had fully cooperated with the SEC, improved its financial reporting, and the settlement ended the investigation.

The SEC accused Kraft Heinz of overestimating its cost savings, inflating profits and misleading investors about the profitability of its products.

The food giant restated its finances after the SEC launched its 2019 investigation, reversing $ 208 million in supposed cost savings on nearly 300 transactions between late 2015 and late 2018.

The SEC alleged in its complaint that Kraft Heinz employees wrote contracts showing that future supplier savings had already been realized, recorded upfront payments without disclosing future orders to which they pertained, and reported discounts without revealing what ‘they were linked to price increases in the future,

The agency also alleged that the food conglomerate lacked sufficient internal accounting controls, accused Pelleissone and Hofmann of ignoring warning signs, and attributed the alleged false accounting to excessive pressure to meet unrealistic savings targets.

Kraft Heinz counts Warren Buffett’s Berkshire Hathaway as one of its major shareholders with a 27% stake. Berkshire partnered with 3G, a Brazilian private equity firm, to buy Heinz in 2013 and helped fund the condiment giant’s $ 100 billion merger with Kraft in 2015.

The claims against Kraft Heinz echo those against Wells Fargo, which paid a $ 3 billion fine after employees resorted to opening fake accounts to meet lofty sales targets.

Buffett, a Wells Fargo shareholder for more than 30 years, has lambasted the bank’s management and virtually wiped out its stake in the past year.

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Home Furnishings Industry Rugs And Carpets Market To Experience Record Growth Worth $ 5.03 Billion During 2021-2025 | 17,000+ Technavio research reports https://www.bodysaronsiki.com/home-furnishings-industry-rugs-and-carpets-market-to-experience-record-growth-worth-5-03-billion-during-2021-2025-17000-technavio-research-reports/ Wed, 01 Sep 2021 22:45:00 +0000 https://www.bodysaronsiki.com/home-furnishings-industry-rugs-and-carpets-market-to-experience-record-growth-worth-5-03-billion-during-2021-2025-17000-technavio-research-reports/

NEW YORK, September 1, 2021 / PRNewswire / – The market for rugs and carpets in the furniture industry is set to grow by $ 5.03 billion in 2021-2025. Technavio’s latest market research report estimates that the carpet and rugs market will grow at a CAGR of 2.59%. This report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio announced its latest market research report titled Carpets and Rugs Market by End-user and Geography – Forecast and Analysis 2021-2025

Receive the latest free sample report within minutes

Factors such as the rapid growth in the number of residential and commercial construction activities, the increasing number of home improvement and remodeling activities and the growing consumer preference for interior designs will provide immense opportunities for growth. However, the high cost of raw materials and the challenges associated with waste disposal will limit the growth of the market during the forecast period.

Carpet and Rug Market 2021-2025: Segmentation

The rugs and carpets market is segmented as follows:

Learn more about the factors driving market growth, download a FREE sample: https://www.technavio.com/talk-to-us?report=IRTNTR40678

Rugs and Carpets Market 2021-2025: Analysis and Scope of Suppliers

The rugs and carpets market is fragmented and the degree of fragmentation will accelerate over the forecast period. Some of the major suppliers of the carpet and rugs market in the furniture industry include Berkshire Hathaway Inc., Inter IKEA Holding BV, Interface Inc., Milliken and Company, Mohawk Industries Inc., Oriental Weavers Group, Tai ping, Tarkett Group, The Dixie Group Inc. and Victoria Plc.

To help companies improve their market position and take advantage of current opportunities, market vendors need to strengthen their presence in fast growing segments, while maintaining their positions in slow growing segments. Backed by competitive intelligence and benchmarking, our Carpet and Rug market research reports are designed to provide entry assistance, customer profile and M&A as well as strategy support for entry. on the market.

The report also covers the following areas:

  • Carpet and Rug Market Size

  • Carpet and Rug Market Trends

  • Industry analysis of the Carpet and Rug Market

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Associated reports:

Entrance Floor Mat Market by Product, Application and Geography – Forecast and Analysis 2021-2025

Carpet Market by Application, Product, Distribution Channel and Geography – Forecast and Analysis 2021-2025

Technavio’s in-depth market research reports now include in-depth analysis of the impact of COVID-19 in various markets to help industry leaders navigate their businesses through the new normal.

Receive the latest free sample report within minutes

Carpet and Rug Market 2021-2025: Highlights

  • Market CAGR during the forecast period 2021-2025

  • Detailed information on the factors that will contribute to the growth of the Rugs and Carpets market over the next five years

  • Estimation of the size of the carpet and rugs market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the rugs and carpets market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on the factors that will challenge the growth of the Carpet and Rug Market vendors

Contents:

Abstract

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

Market segmentation by end user

  • Market segments

  • Comparison by end user

  • Residential – Market Size and Forecast 2020-2025

  • Commercial – Market Size and Forecast 2020-2025

  • Market opportunity by end user

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2020-2025

  • APAC Market Size and Forecast 2020-2025

  • Europe – Market size and forecast 2020-2025

  • MEA – Market Size and Forecast 2020-2025

  • South America – Market size and forecast 2020-2025

  • Main leading countries

  • Market opportunity by geography

  • Market factors

  • Market challenges

  • Market trends

Supplier landscape

  • Supplier landscape

  • Landscape disturbance

Supplier analysis

Annex

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Website: www.technavio.com/

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Allen Harris | Mind Your Business: Doesn’t Matter Your Biggest Competitor | Business https://www.bodysaronsiki.com/allen-harris-mind-your-business-doesnt-matter-your-biggest-competitor-business/ Sat, 28 Aug 2021 14:00:00 +0000 https://www.bodysaronsiki.com/allen-harris-mind-your-business-doesnt-matter-your-biggest-competitor-business/

When business leaders meet, the conversation often revolves around a popular question: “Who is your biggest competitor in the region? “

“The greatest.” It is the choice of words. And here’s how I answer the question: “Berkshire Bank Wealth Management is the ‘biggest competitor’ to my company, Berkshire Money Management.

Interestingly, BMM’s “biggest” local competition was over four times as much as we did just over ten years ago (on an income basis). Even after the bank made too many acquisitions for me to remember, the gap in that size difference closed enough that I recently sent out an unsolicited offer to discuss the acquisition of competition. (Spoiler alert: they weren’t interested.)

Therefore, I officially withdraw the trivial question “What is your biggest competition?” “It will be replaced by” Who is your most innovative competitor? “

As a competitive business owner, innovators are the most inspiring to me. One of the most innovative local fund management companies is Willow, owned by the indomitable Alexandra Dest. She is passionate about ESG investing (environment, social and governance). In addition, it has become the go-to authority on cryptocurrency in the county. It is much more exciting than our biggest competition.

I am not encouraging you to be the willow of your industry. Not yet, anyway. It’s a tall order to reformulate your entire strategy to suit the fastest growing segments of your customer base. You can do it, but today we will walk before we run. You may need to be Edward Jones Investments before you aspire to be Willow.

In a world where financial services companies scramble to serve day traders and cut commissions to zero, EJI was behind that curve. EJI apparently admitted that he couldn’t change his strategy too drastically because he was not ready to place himself in the most competitive part of the market. Instead, he began to move from his old transactional style of door-to-door selling financial products to more of applying solutions to problems.

EJI’s innovation was not revolutionary; it was self-awareness. EJI realized that it was positioned as a less practical product. He recognized the changes that have taken place in the industry and adapted accordingly to remain relevant. Instead of resting on its laurels, it positioned itself for the decades to come.

It is not only financial companies that are at risk. These are all industries, and it has been happening for a long time.

Twelve of the original 30 companies in the Dow Jones Industrial Average are no longer in business. Who would have thought that these giants would disappear?

In 1958, companies listed on the S&P 500 stayed there for an average of 61 years. In 1980, this period of tenure fell sharply to 25 years. In 2011, the average duration had fallen to 18 years. It has become more difficult, even for the titans of the industry, to stay as relevant as they used to be.

Only 10.4% of Fortune 500 companies from 1955 remain on this list. Some have been acquired. Others have gone bankrupt. Still others disappeared as their competitors figured out how to do things better and how to respond to new customers.

Neither you nor I are about to go bankrupt or disappear. But, we are vulnerable to radical changes in our respective sectors.

If you don’t innovate, you will die. I’m not talking about the kind of innovation of disruptors like Uber, Netflix, Apple or Tesla. Let’s face it, we’re unlikely to build a better mousetrap. These innovations are rare. The things I’m talking about might only sound like an innovation from the status quo your business has become accustomed to.

These traditional organizations are the ones that have bowed their heads and have so far gone the old way. These companies align their operations so closely with their business model that they risk not matching the changing needs and habits of their customers. They may be stuck for fear of change, but adaptation doesn’t have to come all at once.

Decades ago, Berkshire Hathaway CEO Warren Buffett explained that he doesn’t read the Wall Street Journal to rely on the “aha” moments of investigative journalism. Instead, he reads the WSJ every day because of the cumulative knowledge that occurs over the years.

You can use this same type of iterative process for your business. Over time, you observe the world changing and learn the best ways to exploit these opportunities. You design, test, and then implement.

To beat your competition, you don’t need to revamp your entire strategy today. If you subscribe to the Buffett concept, you can make incremental changes to meet new realities. As long as you have the will to change, your business can grow. Disruptive competitors can eventually force you to make significant changes. However, to start with, you can make small changes, like Sarah did, to take advantage of these disruptions.

Sarah has a luxury livery service in Pittsfield. Unlike taxi services in big cities, his business is not challenged by Uber. But, she knows the threat is coming.

Sarah has acquired an artificial intelligence tool to predict and prevent the maintenance of her fleet, thus extending its performance and longevity. She is applying for a license for the device so that her company can diversify its revenue by serving its future competition Uber.

If you want to be the biggest competitor in your industry, you have to be the most innovative. That doesn’t mean you have to create something brand new, or even immediately adopt a new good practice. You need to read your industry’s version of the WSJ every day and deliberately go through an iterative process to keep your business out of trouble.

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Lubrizol Corp. change of CEO position https://www.bodysaronsiki.com/lubrizol-corp-change-of-ceo-position/ Mon, 23 Aug 2021 20:24:59 +0000 https://www.bodysaronsiki.com/lubrizol-corp-change-of-ceo-position/

Lubrizol Corp. in Wickliffe has a new CEO.

According to an emailed statement from the company, Chris Brown has been appointed chairman and CEO effective Friday, August 20. The former chairman, CEO of the company, Eric Schnur, will remain with the company in an advisory capacity. No reason was given for the change in leadership.

Brown joins Lubrizol from BHE Infrastructure Group, which, like Lubrizol, is a Berkshire Hathaway portfolio company. Brown was President and CEO of BHE Infrastructure. Previously, he was president of sales and service operations in North America for wind turbine supplier Vestas and chief operating officer for the city of Detroit.

Lubrizol has an additives segment and another focused on advanced materials. It employs nearly 9,000 people around the world, according to a company fact sheet.

Schnur had been CEO of Lubrizol since January 2017. Previously, he was President and COO of Lubrizol and President of the company’s Advanced Materials business line. He joined Lubrizol in 1987.

Berkshire Hathaway at 4 p.m. on Monday, August 23, had not filed a file with the United States Securities and Exchange Commission regarding Lubrizol’s management change.

Schnur is also chairman of the board of directors of the Greater Cleveland Partnership.

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This exciting biopharma could earn you 55% in 12 months https://www.bodysaronsiki.com/this-exciting-biopharma-could-earn-you-55-in-12-months/ Sun, 22 Aug 2021 11:38:00 +0000 https://www.bodysaronsiki.com/this-exciting-biopharma-could-earn-you-55-in-12-months/

In investing is not always “what you see is what you get”. There are often many underlying factors that allow a business to succeed or fail, regardless of current earnings or the stock price. But in ophthalmology – the treatment of the eyes and the visual pathways – seeing is everything.

Ocular therapy (NASDAQ: OCUL) is a biopharmaceutical company focused on innovative therapies, using its hydrogel technology to treat diseases and conditions affecting the eyes. The company has seen a lot of positive news lately, but will it be the kind of news that will translate into a big payoff for investors?

Image source: Getty Images

Under the surface figures

In early August, the company released second quarter financial results which highlighted the sales success; these were led by its best-selling product, Dextenza, which is used to treat postoperative inflammation and pain. Total net product sales for the quarter were $ 11.7 million, growing 631% from the same quarter last year.

But when you dig a little deeper, the numbers may not be exactly what they appear to be year over year. It’s important to note that the second quarter of 2020 was the lowest total quarterly revenue the company has generated in the past seven quarters.

So if you only look at the growth over the period of a year ago, it may seem larger than it actually is. A more significant measure could be sequential quarterly growth, comparing the second quarter of this year to the first quarter, which (like the fourth quarter of 2020) was $ 7.3 million, which gives a percentage of still impressive growth of 60%.

It’s also worth noting that $ 11.1 million of Ocular’s $ 11.7 million in total sales in the second quarter came from Dextenza, with an additional $ 0.2 million coming from the only other commercial product from the company. company, ReSure Sealant.

With such reliance on a single product for the majority of income, cash and expense management plays an even greater role in financial stability. Overall, the company spent more in the second quarter compared to the same period last year. Research and development (R&D) expenditure increased by 50%; selling, general and administrative (SG&A) expenses increased by 69%; and marketing and sales expenses increased by 33%. Meanwhile, cash flow fell slightly by 10% between the first quarter of this year and the second, leaving the company $ 191 million at the end of June.

Impact on share price

The positive second quarter numbers have caught the attention of analysts who follow Ocular. HC Wainwright analyst Yi Chen (one of the Top 100 analysts according to TipRanks.com, with an average return of 59%) took Ocular from neutral to buy and set a price target of $ 17 on the action. Jonathan Wolleben, of JMP Securities, reiterated a buy note with a price target of $ 30.

These two goals follow on from a $ 28 price goal provided by Piper sandler July 23. Four analysts in total cover Ocular, giving it an average price target of $ 24, with the previously mentioned $ 30 and $ 17 being the highest and lowest.

This initial spike was supported by positive news from Phase 3 clinical trials related to Ocular’s flagship product, Dextenza, for new use in the fight against allergic conjunctivitis, and a first patient dosage for a Phase 2 trial of its product OTX-CSI, to treat dry eye. This news was quickly followed by an excellent third quarter earnings report, highlighting revenue growth of 250% from the previous quarter.

A future in perspective

Ocular may sound like a major product-based business, but the real key to a future of growth is what’s in the works. In a presentation on August 17 at the HC Wainwright Ophthalmology Virtual Conference, Ocular Chief Medical Officer Michael Goldstein shared the milestones in the company’s pipeline. He focused on four main areas: diseases of the retina, glaucoma, diseases of the ocular surface (dry eye) and the surgical space.

In the second quarter of this year, Ocular confirmed that a study in Australia showed positive results in Phase 1 trials of its intravitreal implant to help stop retinal fluid buildup for up to six months. (Products currently on the market are injected every four to eight weeks.)

Longer-term in 2021, the company anticipates an active fourth quarter, with first-rate data from phase 2 clinical trials in the treatment of dry eye disease and the launch of phase 2 implant treatment trials for glaucoma . And October 18, Ocular has a PDUFA date for OTX-DP to treat allergic conjunctivitis. The company also expects continued strong sales growth from Dextenza. In the first quarter of 2022, Ocular awaits first-order data from Phase 2 trials for the treatment of episodic dry eye.

The company has a strong portfolio of products which it believes are well suited to meet unmet needs, given the durability, tolerance and compliance issues among current products on the market; it plans to provide implant-based solutions as alternatives to self-applied droplets or physician-supplied injections. A sales growth model for its flagship product Dextenza, and a global market value totaling $ 24 billion in its four main focus areas, could give investors enough reason to buy Ocular Therapeutix.

Its current stock price hovers around $ 10, 54% of its 52-week high. When you consider the potential for a 55% gain based on the lower of analysts’ price targets at $ 17, this may be the extra boost needed. If you are a high risk, high return investor, this might be as good a time as any to get started. If you are a little more careful, you might just have to wait a few months for additional data and the PDUFA Date in Q4.

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Jeff Little has no position in the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Do you have to pay your mortgage after your house is destroyed? https://www.bodysaronsiki.com/do-you-have-to-pay-your-mortgage-after-your-house-is-destroyed/ Sun, 22 Aug 2021 10:32:40 +0000 https://www.bodysaronsiki.com/do-you-have-to-pay-your-mortgage-after-your-house-is-destroyed/

If you are a homeowner, paying off your mortgage every month is a priority. But what if your home is destroyed – if a hurricane, tornado, fire, or other disaster destroys the structure up to the posts? Here, we’ll tell you what to expect and whether or not you should continue to pay your mortgage.

The answer is yes

Yes, you have to keep paying your mortgage every month, even if there’s nothing left of your house. If you are tempted to walk away from all of this, do not give in to this temptation. Leaving a destroyed home will impact your credit score in exactly the same way as moving away from a perfectly functioning home.

The power of insurance

It’s easy to complain about the cost of home insurance, but home insurance is your best friend after a disaster. Mortgage companies insist that people buy home insurance for a good reason: they want to protect their investments. Requiring homeowners to carry at least enough insurance to rebuild is beneficial to the mortgage company. After all, your home is the collateral that secures your mortgage. But good insurance also benefits homeowners.

Will this be enough?

While this may seem like the most boring way in the world to spend 10 minutes, call your insurance agent. Find out how much your home is insured for. According to Marshall & Swift / Boeckh, nearly 60% of homes in the United States are 18% underinsured. In other words, if these people lose their house, they will have to pay a significant sum to have it rebuilt.

Let’s say a house burns to the ground and it costs $ 250,000 to rebuild it. An 18% underinsured homeowner will have to shell out over $ 45,000 to get the job done. If they don’t have the funds in a savings account, they may need to borrow.

Replacement cost coverage

If a house is destroyed, the homeowner’s insurance policy should cover the cost of their stay elsewhere while the house is being rebuilt. Yet without the right coverage, the homeowner could be liable for unforeseen expenses.

If you’re worried that you won’t have the money to rebuild your home after insurance pays off, replacement cost (RRS) might be a relief. While the premium for RCV costs more than standard homeowners coverage (the amount varies by insurance company), RCV covers all expenses to repair or replace an entire home.

In addition, RCV ensures that the house is rebuilt as new. Let’s say a house has some unique features, like hardwood floors with an intricate pattern, an upgraded HVAC system, and a soundproof recording room. Standard coverage is unlikely to cover the additional costs associated with installing these upgrades, but RCV will.

Back to your agent

While you are on this call with your insurance agent, be sure to ask questions about potential gaps in your coverage. For example, what happens if a flood sweeps away a house? A standard policy is unlikely to cover flooding, so find out how much it would cost to add coverage.

And what about the seismic coverage? It’s tempting to skip earthquake insurance because the deductibles are so high (typically 10-20% of the coverage limit). But let’s say a homeowner’s deductible is 10% and it would cost $ 300,000 to rebuild their house after an earthquake. This means that their share of the cost would be $ 30,000 ($ 300,000 x 0.10 = $ 30,000). Although $ 30,000 is a lot of money, that owner would still have money up front by paying the franchise rather than losing their property entirely.

A quick word about earthquake insurance: Earthquakes can happen anywhere. The largest earthquake in the lower 48 states occurred in the Missouri standeel. And according to the US Geological Survey, 42 of the 50 states have a reasonable chance of experiencing an earthquake. Those who live in states where earthquakes are rare may find it relatively inexpensive to add earthquake coverage to their home insurance policies.

Your first call following a loss should be addressed to your insurance company. Your second should be with your mortgage lender. Not only will your lender want to know their loan collateral has been destroyed, they’ll probably want to help. For example, if you own a home-based business and the loss of the house will interfere with your ability to make your mortgage payments, your lender may offer you a forbearance. While they are not legally required to help, most lenders will because it is a much better option than foreclosing on the property.

No one particularly likes paying insurance premiums, but most would agree that knowing they are covered helps them sleep at night.

A historic opportunity to potentially save thousands on your mortgage

There is a good chance that interest rates will not stay at multi-decade lows any longer. That’s why it’s crucial to act today, whether you want to refinance and lower your mortgage payments or are ready to pull the trigger to buy a new home.

Our expert recommends this company to find a low rate – and in fact he used it himself for refi (twice!). Click here to find out more and see your price.

We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the advertisers included. The Ascent does not cover all the offers on the market. Editorial content for The Ascent is separate from editorial content for The Motley Fool and is created by a different team of analysts. Ally is an advertising partner of The Ascent, a Motley Fool company. Dana George has no position in the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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