#12756112 at 2021-01-29 17:07:32 (UTC+1) Q Research General #16284: most pernicious, wide ranging, and hard to kill Edition
Market Wizards series by Schwager
Alchemy of Finance to understand Soros
One Up on Wall Street by PeterLynch to understand how a fundamentalist thinks
Extraoridanary Popular Delusions and the Madness of Crowds Mackay. Not sure anyone actually reads it but it's important to have it on the shelf insofar as it forces you to look at the title, which really is the crux of the issue.
Pit Bull Marty Schwartz far and away the best book on the subject of trading.
Much bullshiit was written in the late 90's and early 2000's by people whose perspective was decidedly shaped by the Greenspan era. This is useful but not a comprehensive study of the basics.
This is all that comes to anon's mind at the moment. There are surely more.
Anon would avoid the gen x shit lke "Economic hitman" written by partisans who are also generally myopic and ignorant of history.
#8699616 at 2020-04-06 04:42:32 (UTC+1) Q Research General: #11039 A WEEK TO REMEMBER Edition
Defense Giants Raytheon and United Technologies spin off key segments to gain merger approval: (thats a nice combo)
In order to clear the last holdup from the U.S. government, Raytheon agreed to divest its military airborne radio business, while United Technologies agreed to divest its GPS and space optical businesses.
On April 3, Raytheon (NYSE:RTN) and United Technologies (NYSE:UTX) successfully closed their merger after clearing the last regulatory hurdles the previous week. The merger will create a defense behemoth that generated $74 billion in revenues during 2019. The new company will be named Raytheon Technologies and will begin trading on April 3 under the stock symbol RTX.
Preceding the merger, United Technologies spun off its HVAC division Carrier (CARR) and its elevator division Otis (OTIS) into separate companies, both of which have been added to the S&P 500.
To complete the merger, each share of Raytheon was converted to 2.3348 shares of Raytheon Technologies, while each share of United Technologies was converted to one share of the combined company.
Raytheon is a major U.S. defense and industrial manufacturing company with its core operations in weapons and military and commercial electronics. After spinning of the necessary divisions, United Technologies brings its aerospace businesses to the combined company, including Collins Aerospace, one of the largest suppliers of aerospace and defense products in the world.
The new company will be led by United Technologies Chairman and CEO Greg Hayes and headquartered in Waltham, Massachusetts.
"Today, we introduce Raytheon Technologies as an innovation powerhouse that will deliver advanced technologies that push the boundaries of known science," Tom Kennedy, executive chairman of Raytheon Technologies, said. "Our platform-agnostic, diversified portfolio brings together the best of commercial and military technology, enabling the creation of new opportunities across aerospace and defense for decades to come."
United Technologies closed trading at $86.01 per share for a market cap of $74.50 billion, a price-earnings ratio of 13.42, an operating margin of 11.64% and a cash-debt ratio of 0.16, while Raytheon closed trading at $116.96 for a market cap of $116.96, a price-earnings ratio of 9.8, an operating margin of 16.36% and a cash-debt ratio of 0.79.
Over the first quarter of calendar 2020, Raytheon shares dropped 46%, while United Technologies shares were down 42%, resulting in the companies trading near or below their intrinsic value according to the discounted cash flow model and PeterLynch earnings lines.
While the combined company will have the advantage of scale and complementary operations, which could help it gain more market share, there may not be much market share to gain in the immediate future. During times of economic crisis, governments typically cut spending on aerospace and defense contracts. Thus, declines in quarterly revenue may drive shares lower in the short term, despite the company's long-term value and current undervaluation.
Additionally, some analysts and investors hold that the low amount of cost-cutting synergies make the merger pointless from a shareholder perspective.
"Raytheon brings very little applicable technology to [United Technologies] aerospace offerings," Daniel Loeb (Trades, Portfolio) wrote in a letter to United Technologies' board in June of 2019. "The benefits of Raytheon's cyber and data analysis capabilities are not quantifiable and could be replicated through commercial collaboration or supply agreements."
In the letter, Loeb stated that Third Point planned to vote against the merger, though the firm only cut its holding in United Technologies by 13.22% and invested approximately $177 million in shares of Raytheon in the fourth quarter of 2019.
#7938381 at 2020-01-28 08:22:27 (UTC+1) Q Research General #10159: Darwins Little Helpers Edition
Resignations in the news 1/27/2020 - part 1
Slovenian Prime Minister Sarec resigns, calls snap election
GRONINGEN POLITICIAN RESIGNS AFTER CALLING POPULIST POLITICIAN A NAZI
NCI Foundation's executive director is retiring
Pine River: Miller resigns as police officer; Rooney hired
Mincon Chief Operating Officer PeterLynch To Step Down
Indicted Cuyahoga County HR chief Douglas Dykes resigns
Associated Students' Vice President resigns over break
Springfield City Council honors retiring Republican Executive Editor Wayne Phaneuf
Don Tozzi Resigns From Raritan Borough Council
Vanessa Lefrancois to step down as Brewhouse Theatre chief executive
Clarkson Mayor Ted Terry to resign, run for commission seat
Archbishop Chaput resignation accepted by the pope
Lawton Fort Sill Chamber of Commerce executive vice president resigns
Newport School Committee member Kathleen Silvia resigns
Bob Good resigns from Liberty University position to focus on campaign
Sachin Bansal resigns from Ujjivan Small Finance board. Full text of his letter
Founder of Rutherford County Sheriff's mounted patrol forced to resign.
GreenBank Director Saurabh Srivastava Resigns
Crawford High School Head Football Coach resigns
Bo Pelini resigns from Youngstown to become LSU defensive coordinator
Grid operator Red Electrica's chairman resigns over clash with government: source
SG senate president resigns
Katerina Sakellaropoulou resigns from head of CoS
#6710313 at 2019-06-09 17:16:23 (UTC+1) Q Research General #8581: Vietnam Joins UN Security Council Edition
Intrexon Corp (XON) CEO Randal J Kirk Bought $998,306 of Shares
GuruFocus.com-June 4, 2019
- By insider
CEO of Intrexon Corp (XON) Randal J Kirk bought 203,321 shares of XON on 06/04/2019 at an average price of $4.91 a share. The total cost of this purchase was $998,306.
Intrexon Corp is a biotechnology company that develops synthetic biology solutions. It designs, builds and regulates gene programs using its proprietary and complementary technologies. Intrexon Corp has a market cap of $842.400 million; its shares were traded at around $5.24 with and P/S ratio of 4.83.
Warning! GuruFocus has detected 6 Warning Signs with XON. Click here to check it out.
XON 15-Year Financial Data
The intrinsic value of XON PeterLynch Chart of XON
CEO Recent Trades:
CEO, 10% Owner Randal J Kirk bought 203,321 shares of XON stock on 06/04/2019 at the average price of $4.91. The price of the stock has increased by 6.72% since.
CEO, 10% Owner Randal J Kirk bought 330,180 shares of XON stock on 05/30/2019 at the average price of $4.75. The price of the stock has increased by 10.32% since.
CEO, 10% Owner Randal J Kirk bought 495,271 shares of XON stock on 05/30/2019 at the average price of $4.75. The price of the stock has increased by 10.32% since.
CEO, 10% Owner Randal J Kirk bought 273,367 shares of XON stock on 05/24/2019 at the average price of $4.69. The price of the stock has increased by 11.73% since.
CEO, 10% Owner Randal J Kirk bought 410,050 shares of XON stock on 05/24/2019 at the average price of $4.69. The price of the stock has increased by 11.73% since.