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DarylBin
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2021-07-01
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Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers
(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing ano
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2021-03-04
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3 Stocks Ready to Bounce Back in March
Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloto
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2021-03-03
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Fed policy changes could be coming in response to bond market turmoil, economists say
KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors
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2021-03-02
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2021-03-02
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China's billionaires club swells as market rally offsets virus pain
More than 200 billionaires were created in China last year as booming stock markets and a flood of n
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2021-03-01
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2021-02-28
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11:30","market":"us","language":"en","title":"Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers","url":"https://stock-news.laohu8.com/highlight/detail?id=2148081073","media":"Bloomberg","summary":"(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing ano","content":"<p>(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.</p>\n<p>When Jessica Alba’s skincare maker The Honest Co. went public this year, it did so after first exploring a sale, according to people familiar with the matter. When the company’s investors realized the IPO value would be higher than what it could get from buyers, Honest scrapped the sale and went for the listing, the people said. A representative for Honest declined to comment.</p>\n<p>“The public market valuations for growth companies are sometimes higher than what strategic players are willing to pay,” said Tony Kim, a partner at Centerview Partners focusing on consumer products. “Strategic buyers have <a href=\"https://laohu8.com/S/AONE\">one</a> eye on the market, but think valuations are pretty rich.”</p>\n<p>Brands in the sector, including food makers, pet-supply manufacturers and home furnishing companies, raised more than $4 billion through initial public offerings so far in 2021, compared to $3.6 billion during the same period last year, according to data compiled by Bloomberg.</p>\n<p>Direct-to-consumer names that sell through e-commerce channels have been less affected by the pandemic than brick-and-mortar stores, and have managed to deliver results for investors that have bought into their growth potential. Their success could persuade others to take the public market track.</p>\n<p>Shares of Figs Inc., which sells medical scrubs online, have almost doubled since its IPO last month, in <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest gains by a major listing this year.</p>\n<p><a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a>, the oat-milk maker that made headlines with its unconventional Super Bowl commercial, went public at a valuation more than seven times its estimated revenue in 2022. Traditional packaged food makers, such as Nestle SA, trade at about 3.9 times revenue. Oatly’s shares have jumped more than 50% since its May debut.</p>\n<p>“The absolute strength of the capital markets is in some way disintermediating the traditional M&A markets with IPOs and SPAC transactions,” said Cathy Leonhardt, a managing director and co-head of PJ Solomon’s global consumer retail group.</p>\n<p>More IPOs are on the way. Doughnut chain Krispy Kreme Inc. is set to price shares on Wednesday, while eye-wear brand Warby Parker Inc. and sneaker maker Allbirds Inc. are also making preparations to go public this year.</p>\n<p>On Running, yogurt company Chobani and trendy salad chain Sweetgreen Inc. are working on plans to join them, Bloomberg News has reported.</p>\n<p>On thing they’re all benefiting from as they head to market: A boost from the rebounding economy.</p>\n<p>“The consumer is back. They want to buy things that make them feel good, to celebrate,” Leonhardt said.</p>\n<p>Dual Tracks</p>\n<p>Traditional M&A could still be in favor when sellers, particularly financial sponsors, seek cleaner, quicker exits versus the slower, dribbling sell-down of an IPO.</p>\n<p>In the first half of the year, strategic and financial buyers announced $84 billion in M&A transactions in the U.S. That’s more than double the same period last year, when the start of the Covid-19 pandemic slowed dealmaking to a trickle.</p>\n<p>KKR & Co., the owner of supplement maker Bountiful, sold part of the business to Nestle just days before the company was supposed to go public, letting it monetize a big chunk of its investment faster.</p>\n<p>Robust dual-track processes -- where companies pursue a possible sale alongside a listing -- have helped potential M&A targets boost their asking prices, advisers said.</p>\n<p>This played a role for skincare brand Paula’s Choice, which explored an IPO before selling to Unilever Plc this month for a reported $2 billion. The sale of a stake in Bountiful to Nestle SA valued the company at nearly $6 billion.</p>\n<p>A potential U.S. tax hike could also encourage sales processes.</p>\n<p>“For many private, founder-led companies, if they had not explored a sale previously, the threat of a capital gains increase has motivated them to explore a sale,” said Dana Weinstein, JPMorgan Chase & Co.’s head of consumer, retail and business services investment banking.</p>\n<p><a href=\"https://laohu8.com/S/SAFM\">Sanderson Farms</a> Inc., a publicly traded poultry producer with some family ownership, is exploring a sale and has received approaches from Continental Grain Co.’s Wayne Farms and others, according to people with knowledge of the matter. Representatives for Sanderson Farms and Continental Grain declined to comment.</p>\n<p>Corporate divestitures are shaping up to be busy for the rest of the year. Shoemaker Adidas AG is looking for a new owner for Reebok after owning it since 2005. Unilever is selling its tea business along with some non-core personal care assets.</p>\n<p>“It’s good corporate hygiene to be constantly evaluating the portfolio and divesting under-performing businesses, the result of which will be increased M&A activity for higher-growth assets,” JPMorgan’s Weinstein said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot IPO Market Is Tough Competition for Consumer-Hungry Buyers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot IPO Market Is Tough Competition for Consumer-Hungry Buyers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 11:30 GMT+8 <a href=https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell...</p>\n\n<a href=\"https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB","KKR":"KKR & Co L.P."},"source_url":"https://finance.yahoo.com/news/hot-ipo-market-tough-competition-175034438.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2148081073","content_text":"(Bloomberg) -- Acquisitive companies competing to buy hot consumer and retail targets are facing another hurdle: a booming public market that’s attracting high-growth companies to list instead of sell.\nWhen Jessica Alba’s skincare maker The Honest Co. went public this year, it did so after first exploring a sale, according to people familiar with the matter. When the company’s investors realized the IPO value would be higher than what it could get from buyers, Honest scrapped the sale and went for the listing, the people said. A representative for Honest declined to comment.\n“The public market valuations for growth companies are sometimes higher than what strategic players are willing to pay,” said Tony Kim, a partner at Centerview Partners focusing on consumer products. “Strategic buyers have one eye on the market, but think valuations are pretty rich.”\nBrands in the sector, including food makers, pet-supply manufacturers and home furnishing companies, raised more than $4 billion through initial public offerings so far in 2021, compared to $3.6 billion during the same period last year, according to data compiled by Bloomberg.\nDirect-to-consumer names that sell through e-commerce channels have been less affected by the pandemic than brick-and-mortar stores, and have managed to deliver results for investors that have bought into their growth potential. Their success could persuade others to take the public market track.\nShares of Figs Inc., which sells medical scrubs online, have almost doubled since its IPO last month, in one of the biggest gains by a major listing this year.\nOatly Group AB, the oat-milk maker that made headlines with its unconventional Super Bowl commercial, went public at a valuation more than seven times its estimated revenue in 2022. Traditional packaged food makers, such as Nestle SA, trade at about 3.9 times revenue. Oatly’s shares have jumped more than 50% since its May debut.\n“The absolute strength of the capital markets is in some way disintermediating the traditional M&A markets with IPOs and SPAC transactions,” said Cathy Leonhardt, a managing director and co-head of PJ Solomon’s global consumer retail group.\nMore IPOs are on the way. Doughnut chain Krispy Kreme Inc. is set to price shares on Wednesday, while eye-wear brand Warby Parker Inc. and sneaker maker Allbirds Inc. are also making preparations to go public this year.\nOn Running, yogurt company Chobani and trendy salad chain Sweetgreen Inc. are working on plans to join them, Bloomberg News has reported.\nOn thing they’re all benefiting from as they head to market: A boost from the rebounding economy.\n“The consumer is back. They want to buy things that make them feel good, to celebrate,” Leonhardt said.\nDual Tracks\nTraditional M&A could still be in favor when sellers, particularly financial sponsors, seek cleaner, quicker exits versus the slower, dribbling sell-down of an IPO.\nIn the first half of the year, strategic and financial buyers announced $84 billion in M&A transactions in the U.S. That’s more than double the same period last year, when the start of the Covid-19 pandemic slowed dealmaking to a trickle.\nKKR & Co., the owner of supplement maker Bountiful, sold part of the business to Nestle just days before the company was supposed to go public, letting it monetize a big chunk of its investment faster.\nRobust dual-track processes -- where companies pursue a possible sale alongside a listing -- have helped potential M&A targets boost their asking prices, advisers said.\nThis played a role for skincare brand Paula’s Choice, which explored an IPO before selling to Unilever Plc this month for a reported $2 billion. The sale of a stake in Bountiful to Nestle SA valued the company at nearly $6 billion.\nA potential U.S. tax hike could also encourage sales processes.\n“For many private, founder-led companies, if they had not explored a sale previously, the threat of a capital gains increase has motivated them to explore a sale,” said Dana Weinstein, JPMorgan Chase & Co.’s head of consumer, retail and business services investment banking.\nSanderson Farms Inc., a publicly traded poultry producer with some family ownership, is exploring a sale and has received approaches from Continental Grain Co.’s Wayne Farms and others, according to people with knowledge of the matter. Representatives for Sanderson Farms and Continental Grain declined to comment.\nCorporate divestitures are shaping up to be busy for the rest of the year. Shoemaker Adidas AG is looking for a new owner for Reebok after owning it since 2005. Unilever is selling its tea business along with some non-core personal care assets.\n“It’s good corporate hygiene to be constantly evaluating the portfolio and divesting under-performing businesses, the result of which will be increased M&A activity for higher-growth assets,” JPMorgan’s Weinstein said.","news_type":1,"symbols_score_info":{"KKR":0.9,"OTLY":0.9,"SAFM":0.9}},"isVote":1,"tweetType":1,"viewCount":1161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150615168,"gmtCreate":1624896109154,"gmtModify":1633947287446,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150615168","repostId":"1179320173","repostType":4,"isVote":1,"tweetType":1,"viewCount":1706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121800511,"gmtCreate":1624457740333,"gmtModify":1634005849035,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"👌🏻","listText":"👌🏻","text":"👌🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121800511","repostId":"1155993250","repostType":4,"isVote":1,"tweetType":1,"viewCount":1111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364287479,"gmtCreate":1614855772191,"gmtModify":1703482024433,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Goodn ","listText":"Goodn ","text":"Goodn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364287479","repostId":"1177763037","repostType":4,"repost":{"id":"1177763037","kind":"news","pubTimestamp":1614845960,"share":"https://ttm.financial/m/news/1177763037?lang=&edition=full","pubTime":"2021-03-04 16:19","market":"us","language":"en","title":"3 Stocks Ready to Bounce Back in March","url":"https://stock-news.laohu8.com/highlight/detail?id=1177763037","media":"Motley Fool","summary":"Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloto","content":"<p>Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares of<b>Peloton Interactive</b> (NASDAQ:PTON),<b>Zoom Video Communications</b> (NASDAQ:ZM), and<b>Tesla</b> (NASDAQ:TSLA)were market darlings just a couple of weeks ago. Sentiment has turned in the recent market correction, and all three of them are now trading at least 20% below their all-time highs.</p>\n<p>It won't always be that way. All three have the right ingredients to get back on track. Let's see why this trio of stocks can hit fresh highs later this year, thumping the market yet again in the process.</p>\n<p>1. Peloton Interactive</p>\n<p>The first two names have a lot in common. Peloton and Zoom Video became poster children of the new normal during the early stages of the pandemic, only to be discarded when the COVID-19 vaccines started hitting the market. Let's take Peloton for a spin first.</p>\n<p>Peloton exploded as the high-end fitness platform at home. Its treadmills became the worthy substitute to fitness center workouts. Its even more popular stationary bikes replaced local spinning class boutiques.</p>\n<p>Growth has been tremendous. Peloton connected fitness subscribers have soared 134% to 1.67 million members. Its cheaper digital subscriptions for folks that lack Peloton hardware is a much smaller business, but it's growing even faster. Peloton's now topping $1 billion in revenue every quarter, and it's not done working up a sweat.</p>\n<p>Peloton isn't going anywhere once the public health crisis abates, largely because this was one pandemic play that legitimately improved on the original it was replacing. Peloton's interactive sessions are convenient and productive. The proof is in the pudding. Investors may have rotated out of Peloton shares; the stock is 31% off of January's peak. But workout seekers see things differently. Demand continues to outstrip supply even with vaccines on the market. The order backlog is still several weeks for new orders.</p>\n<p>2. Zoom</p>\n<p>Tuesday was -- well --weird for Zoom stock. The videoconferencing speedster opened 7% higher after serving up a monster quarter, only to shed 15% of its value throughout the trading day to close Tuesday out with a 9% decline.</p>\n<p>Results for its fiscal fourth quarter were stellar. Revenue skyrocketed 369% to hit $882.5 million. If you think that's a big number, adjusted operating income and earnings per share soared 840% and 713%, respectively.</p>\n<p>Growth will undeniably decelerate at this point. Zoom issued guidance for the new fiscal 2022 year, and it sees revenue climbing 42% to $3.77 billion, with adjusted earnings rising a modest 8% to $3.62 a share. If Zoom's guidance sounds like a good reason to dump the stock, keep in mind that before the report analysts were expecting Zoom to earn less than $3 a share in the new fiscal year. It's not going away post-pandemic. Zoom is part of our lives now, and the stock's a bargain at a 37% discount to its October high-water mark.</p>\n<p>3. Tesla</p>\n<p>Investors are allowed to change their minds -- and their wheels. In January, I singled Tesla out asa stock to avoid. A month later, I finally owned my first Tesla vehicle and became a shareholder for the first time.</p>\n<p>\"Tesla isn't going to relinquish its pole position in the ascending electric vehicle market,\" I argued in late January. \"It will keep making its mark, and the revolution is real. The $837 billion market cap is what worries me here.\"</p>\n<p>Tesla's market cap had peaked at $864 million two days earlier when its shares briefly topped the $900 mark. The stock is trading 24% lower as of Tuesday's close.</p>\n<p>Legacy automakers are making big moves in going electric, and there are potential new entrants in this niche that bear watching. The problem for them is that they're not Tesla. They lack the full self-driving tech where a car can literally drive itself from a freeway onramp to the desired exit. They lack the proprietary network of more than 20,000 Supercharger stations to eat away at range anxiety.</p>\n<p>Tesla turned profitable in 2020 and posted a 6.3% operating margin. It produced and delivered a half million cars. The more economical Model 3 and Model Y are driving the surge in volume, but earlier this year Tesla updated its higher-end cars. Some might still not consider Tesla a bargain with its $659 billion market cap, but momentum is on its side.</p>\n<p>Peloton, Zoom, and Tesla are down, but they're not out. All three stocks should bounce back in March and beyond.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks Ready to Bounce Back in March</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks Ready to Bounce Back in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 16:19 GMT+8 <a href=https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloton Interactive (NASDAQ:PTON),Zoom Video Communications (NASDAQ:ZM), andTesla (NASDAQ:TSLA)were market...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc.","ZM":"Zoom","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/03/03/3-stocks-ready-to-bounce-back-in-march/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177763037","content_text":"Some stocks that perhaps flew too high, too soon have been on sharp descents lately. Shares ofPeloton Interactive (NASDAQ:PTON),Zoom Video Communications (NASDAQ:ZM), andTesla (NASDAQ:TSLA)were market darlings just a couple of weeks ago. Sentiment has turned in the recent market correction, and all three of them are now trading at least 20% below their all-time highs.\nIt won't always be that way. All three have the right ingredients to get back on track. Let's see why this trio of stocks can hit fresh highs later this year, thumping the market yet again in the process.\n1. Peloton Interactive\nThe first two names have a lot in common. Peloton and Zoom Video became poster children of the new normal during the early stages of the pandemic, only to be discarded when the COVID-19 vaccines started hitting the market. Let's take Peloton for a spin first.\nPeloton exploded as the high-end fitness platform at home. Its treadmills became the worthy substitute to fitness center workouts. Its even more popular stationary bikes replaced local spinning class boutiques.\nGrowth has been tremendous. Peloton connected fitness subscribers have soared 134% to 1.67 million members. Its cheaper digital subscriptions for folks that lack Peloton hardware is a much smaller business, but it's growing even faster. Peloton's now topping $1 billion in revenue every quarter, and it's not done working up a sweat.\nPeloton isn't going anywhere once the public health crisis abates, largely because this was one pandemic play that legitimately improved on the original it was replacing. Peloton's interactive sessions are convenient and productive. The proof is in the pudding. Investors may have rotated out of Peloton shares; the stock is 31% off of January's peak. But workout seekers see things differently. Demand continues to outstrip supply even with vaccines on the market. The order backlog is still several weeks for new orders.\n2. Zoom\nTuesday was -- well --weird for Zoom stock. The videoconferencing speedster opened 7% higher after serving up a monster quarter, only to shed 15% of its value throughout the trading day to close Tuesday out with a 9% decline.\nResults for its fiscal fourth quarter were stellar. Revenue skyrocketed 369% to hit $882.5 million. If you think that's a big number, adjusted operating income and earnings per share soared 840% and 713%, respectively.\nGrowth will undeniably decelerate at this point. Zoom issued guidance for the new fiscal 2022 year, and it sees revenue climbing 42% to $3.77 billion, with adjusted earnings rising a modest 8% to $3.62 a share. If Zoom's guidance sounds like a good reason to dump the stock, keep in mind that before the report analysts were expecting Zoom to earn less than $3 a share in the new fiscal year. It's not going away post-pandemic. Zoom is part of our lives now, and the stock's a bargain at a 37% discount to its October high-water mark.\n3. Tesla\nInvestors are allowed to change their minds -- and their wheels. In January, I singled Tesla out asa stock to avoid. A month later, I finally owned my first Tesla vehicle and became a shareholder for the first time.\n\"Tesla isn't going to relinquish its pole position in the ascending electric vehicle market,\" I argued in late January. \"It will keep making its mark, and the revolution is real. The $837 billion market cap is what worries me here.\"\nTesla's market cap had peaked at $864 million two days earlier when its shares briefly topped the $900 mark. The stock is trading 24% lower as of Tuesday's close.\nLegacy automakers are making big moves in going electric, and there are potential new entrants in this niche that bear watching. The problem for them is that they're not Tesla. They lack the full self-driving tech where a car can literally drive itself from a freeway onramp to the desired exit. They lack the proprietary network of more than 20,000 Supercharger stations to eat away at range anxiety.\nTesla turned profitable in 2020 and posted a 6.3% operating margin. It produced and delivered a half million cars. The more economical Model 3 and Model Y are driving the surge in volume, but earlier this year Tesla updated its higher-end cars. Some might still not consider Tesla a bargain with its $659 billion market cap, but momentum is on its side.\nPeloton, Zoom, and Tesla are down, but they're not out. All three stocks should bounce back in March and beyond.","news_type":1,"symbols_score_info":{"PTON":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":1352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365415549,"gmtCreate":1614769942581,"gmtModify":1703480872916,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/365415549","repostId":"1167705548","repostType":4,"repost":{"id":"1167705548","kind":"news","pubTimestamp":1614767843,"share":"https://ttm.financial/m/news/1167705548?lang=&edition=full","pubTime":"2021-03-03 18:37","market":"us","language":"en","title":"Fed policy changes could be coming in response to bond market turmoil, economists say","url":"https://stock-news.laohu8.com/highlight/detail?id=1167705548","media":"cnbc","summary":"KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors","content":"<div>\n<p>KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed policy changes could be coming in response to bond market turmoil, economists say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed policy changes could be coming in response to bond market turmoil, economists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 18:37 GMT+8 <a href=https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/03/01/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1167705548","content_text":"KEY POINTSThe Federal Reserve could have two policy tweaks in store as soon as this month, investors and economists say.One would see a rebirth of Operation Twist, in which the Fed sells short-term bills and buys longer-duration bonds.Others could see an increase in rates on excess reserves and overnight repo operations.The moves would be to address market stability rather than economic concerns.While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumults in the bond market.The moves could happen as soon as the upcoming March 16-17 Federal Open Market Committee meeting, according to investors and economists who are watching recent action closely and expect the central bank to address some distortions that have occurred.One possible move would the third iteration of Operation Twist, a move the Fed last made nearly a decade ago during market tumult around the time of the European debt crisis. Another could see an increase in the rate paid on reserves to address issues in the money markets, while the Fed also might adjust the rate on overnight repo operations in the bond market.The mechanics of Operation Twist involve selling shorter-dated government notes and buying about the same dollar amount in longer-duration securities. The objective is to nudge up shorter-term rates and drive down those at the longer end, thus flattening the yield curve.The Fed ran the program both in 2011 and in 1961; a market participant familiar with the Fed's operations said central bank officials have been in contact with primary dealers to gauge the need for some intervention.'The perfect policy prescription'Longer-term bond yields have surged over the past two weeks to levels not seen since before the Covid-19 pandemic. While they remain low historically speaking, markets have been concernedover the pace of the increase. The bond market was calm Monday, with rates in the middle of the curve mostly lower.Implementing the scheme could help soothe some of the jangled nerves that accompanied a recent blast higher in interest rates from 5-year notes on up the curve. The \"twist\" is a nod toward adjusting the duration of its purchases to the longer end, and the buying and selling of equal weights mean the Fed's already bloated $7.5 trillion balance sheet won't be expanded further.\"The Fed is simultaneously losing control of both the US front end & back end rates curves for different reasons,\" Mark Cabana, rates strategist at Bank of America Global Research, said in a note to clients. \"Twist, a simultaneous selling of US front end Treasuries & buying of longer-dated [bonds], is the perfect policy prescription for the Fed, in our view.\"Cabana said the move \"kills three birds with one stone.\" Namely, it raises rates on the short end of the duration spectrum, provides stability on the back end and does not expand the balance sheet and thus require banks to hold more capital.\"We believe no other Fed balance sheet option can address each of these issues as effectively,\" he wrote. \"To be clear the Fed will twist to deal with market functioning issues, not economic problems.\"Indeed, the Fed iswelcoming some upward pressure on yieldsas it reflects a growing economy and rising inflation expectations toward the central bank's 2% goal.However, the trend presents some issues for the Fed that a weak 7-year note auction last week helped demonstrate. The Fed needs bond auctions to go well as a surge in supply is on the way from a federal government running what is expected to be a deficit of at least $2.3 trillion this year.Investors tend to shy away from longer-dated bonds during times of inflation as their rates can't keep up and cause bondholders to lose principal. That's why Cabana expects the Fed to sell $80 billion a month in Treasury bills and use it to buy bonds of duration past four and a half years.FOMC members at their November meeting discussed market expectations that the central bank would begin to lengthen the average duration of its purchases. Members endorsed \"ongoing careful consideration\" of the composition of its bond holdings.\"Participants noted that the Committee could provide more accommodation, if appropriate, by increasing the pace of purchases or by shifting its Treasury purchases to those with a longer maturity without increasing the size of its purchases,\" theminutes from that meetingstated.Raising rates on reserves and repoThere are other issues in the market, and that's why the Fed's actions may not be limited to Operation Twist.One other move it could do is increase the interest on excess reserves rate from 0.1% to 0.15%. Though there essentially are no excess reserves now due to the Fed dropping the minimum duringthe Covid-19 crisis, the IOER serves as a guardrail for some short-term rates, which is important to money market funds that have had to buy bills at negative real rates.\"The Fed essentially has to place a raised floor in the U.S. economy to keep things that need positive returns alive,\" said Fed veteran Christopher Whalen, head of Whalen Global Advisory.While he said he understands the IOER move, Whalen said he is skeptical of how successful the Fed will be with implementing Twist.\"No matter how well-intentioned they are, their efforts to engineer things are slowly weakening the system,\" he said. \"You have another bad auction or two and we're screwed.\"Still, Cabana said expects the Fed to begin signaling the additional moves as soon as this week. ChairmanJerome Powellspeaks Thursday during a Wall Street Journal event, and a slew of other Fed officials also are on tap to share their views this week.Markets worried over how things are running likely will welcome the Fed's moves, said Joseph Brusuelas, chief economist at RSM.In addition to the Twist implementation and adjustment on IOER, Brusuelas thinks the Fed also will increase the rate it pays on overnight repo operations from zero basis points to five.While Brusuelas said markets expected rising rates this year, \"what we didn't expect was an overreaction to the reflation of the domestic economy in the fixed income market. That clearly has gotten the attention of the Fed.\"\"The market would welcome the lifting of the IOER as well as any communication that it intends to twist the curve down to keep the economy on track,\" he added.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365088225,"gmtCreate":1614679255767,"gmtModify":1703479748420,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/365088225","repostId":"1140355598","repostType":4,"repost":{"id":"1140355598","kind":"news","pubTimestamp":1614677842,"share":"https://ttm.financial/m/news/1140355598?lang=&edition=full","pubTime":"2021-03-02 17:37","market":"us","language":"en","title":"Greensill Loses Confidence of Backers SoftBank, Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1140355598","media":"Bloomberg","summary":"(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a g","content":"<p>(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.</p>\n<p>From Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter.</p>\n<p>Greensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading.</p>\n<p>At the heart of the swift unraveling at Greensill’s firm -- specializing in a loosely regulated type of short-term corporate lending -- is a fundamental question that many investors are now asking: How creditworthy are his borrowers?</p>\n<p>For Credit Suisse, the answer isn’t straightforward. The firm has frozen a $10 billion family of funds that invest in Greensill-sourced loans, citing “uncertainty” about the valuations of some of the debt. At SoftBank, Greensill’s biggest backer, the realization has been more stark. Softbank’s Vision Fund substantially wrote down its $1.5 billion stake in Greensill at the end of 2020, and is considering dropping the valuation close to zero, people familiar with the matter said.</p>\n<p>It’s the culmination of almost three tumultuous years at the firm founded by the 44-year-old financier. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germany’s banking regulator BaFin pushed the businessman’s lending unit, Greensill Bank, to reduce risks on its balance sheet by cutting loans tied to a single U.K. entrepreneur, Sanjeev Gupta.</p>\n<p>For money managers piling into niche markets in search of higher yield, the episode is yet another reminder of the risks inherent in hard-to-value assets. The demise of Neil Woodford’s investment firm and a crisis at H20 Asset Management were triggered by their holdings of unlisted companies and unrated bonds. While Credit Suisse’s funds aren’t targeted at mom-and-pop investors, many larger clients are becoming increasingly nervous about holding assets whose value is tough to determine.</p>\n<p>Greensill rose from working on his family’s melon and sugar cane farm in Australia. His interest in the supply-chain business was fueled early on in his life, when as a teenager, a bad harvest season meant his parents weren’t paid for the crops that they grew. Greensill later built a business at Morgan Stanley in London financing corporate supply chains, and then worked at Citigroup Inc. before starting his own company in 2011.</p>\n<p>Greensill always knew that the plan to disrupt a niche area of finance would come with its share of skeptics. In an interview with Bloomberg News in December, he acknowledged that his firm is “doing things a little different to what’s been done before, and that’s always going to kind of garner attention and commentary.”</p>\n<p>In October, Greensill’s firm had been considering a capital raising that would have valued it at $7 billion. At the time, when its banking arm was facing regulatory scrutiny and clients had hit financial difficulties, the firm said that the fund-raising would help boost growth. More recently, the firm was in talks with Apollo Global Management Inc. on a multi-billion dollar financing deal that would give the supply chain more headroom, Sky News reported last month.</p>\n<p>In addition to discussing the possibility of insolvency, Greensill is now in talks on a sale of its operating business to Apollo, people familiar with the matter said.</p>\n<p>Credit Suisse’s decision to suspend its funds came after credit insurance recently lapsed on some of the loans Greensill made, according to people briefed on the matter. That left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, the people said. The freeze has left Greensill’s firm without a key buyer of the debt it arranges for companies.</p>\n<p>It also adds to a series of hits to the Zurich-based bank, which is still recovering from a damaging spying scandal a year ago. Since then, new Chief Executive Officer Thomas Gottstein has had to contend with legal charges related to mortgage-backed securities in the U.S. and a writedown on a hedge fund investment. The bank was also left staring at steep losses, along with other lenders, when the stock of Luckin coffee imploded in an accounting fraud.</p>\n<p>In addition to being an early Greensill backer, SoftBank was also an investor in the Credit Suisse supply-chain funds. The conglomerate pulled $700 million out of the Credit Suisse funds last year amid conflict-of-interest accusations that sparked an internal review at the Swiss bank. The investment into Greensill by SoftBank’s Vision Fund was led by former managing partner Colin Fan, who recently left his role at the behemoth investment fund. Many of the companies that were financed by the investment vehicles were also Vision Fund portfolio companies, including Indian hotel chain Oyo and Fair Financial Corp.</p>\n<p>After its review last year, Credit Suisse overhauled the funds’ investment guidelines to limit how much exposure they can have to a single borrower, but kept some loans to companies backed by SoftBank, according to latest available fund documents from Credit Suisse. The bank had been looking at ways to reduce its ties to Greensill, people familiar with the matter said earlier Monday.</p>\n<p>Credit Suisse is considering winding down the investments packaged by Greensill, replacing the firm as the main source for the assets, or moving loans to firms linked to Gupta out of its supply-chain finance funds, the people said, asking for anonymity because a decision hasn’t been made yet. It’s unclear how much of the Credit Suisse supply-chain finance funds are currently tied up with Gupta.</p>\n<p><b>Crucial Buyers</b></p>\n<p>“Greensill acknowledges the decision by Credit Suisse to temporarily gate the two Supply Chain Finance Funds dealing in Greensill-sourced assets,” a spokesperson for the firm said by email. “We remain in advanced talks with potential outside investors in our company and hope to be able to update further on that process imminently.” The spokesman declined to comment on any discussions on the sale or insolvency of the operating company.</p>\n<p>Securities linked to Gupta and arranged by Greensill were among investments at the center of a 2018 crisis at GAM that brought down star trader Tim Haywood. While assets managed in GAM’s supply-chain finance funds were relatively short-term, other funds that held some longer-term loans to Gupta took almost a year to liquidate those.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Greensill Loses Confidence of Backers SoftBank, Credit Suisse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGreensill Loses Confidence of Backers SoftBank, Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 17:37 GMT+8 <a href=https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.\nFrom Credit Suisse Group AG to SoftBank Group Corp., ...</p>\n\n<a href=\"https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/greensill-risks-prove-too-great-194048564.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140355598","content_text":"(Bloomberg) --Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.\nFrom Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter.\nGreensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading.\nAt the heart of the swift unraveling at Greensill’s firm -- specializing in a loosely regulated type of short-term corporate lending -- is a fundamental question that many investors are now asking: How creditworthy are his borrowers?\nFor Credit Suisse, the answer isn’t straightforward. The firm has frozen a $10 billion family of funds that invest in Greensill-sourced loans, citing “uncertainty” about the valuations of some of the debt. At SoftBank, Greensill’s biggest backer, the realization has been more stark. Softbank’s Vision Fund substantially wrote down its $1.5 billion stake in Greensill at the end of 2020, and is considering dropping the valuation close to zero, people familiar with the matter said.\nIt’s the culmination of almost three tumultuous years at the firm founded by the 44-year-old financier. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germany’s banking regulator BaFin pushed the businessman’s lending unit, Greensill Bank, to reduce risks on its balance sheet by cutting loans tied to a single U.K. entrepreneur, Sanjeev Gupta.\nFor money managers piling into niche markets in search of higher yield, the episode is yet another reminder of the risks inherent in hard-to-value assets. The demise of Neil Woodford’s investment firm and a crisis at H20 Asset Management were triggered by their holdings of unlisted companies and unrated bonds. While Credit Suisse’s funds aren’t targeted at mom-and-pop investors, many larger clients are becoming increasingly nervous about holding assets whose value is tough to determine.\nGreensill rose from working on his family’s melon and sugar cane farm in Australia. His interest in the supply-chain business was fueled early on in his life, when as a teenager, a bad harvest season meant his parents weren’t paid for the crops that they grew. Greensill later built a business at Morgan Stanley in London financing corporate supply chains, and then worked at Citigroup Inc. before starting his own company in 2011.\nGreensill always knew that the plan to disrupt a niche area of finance would come with its share of skeptics. In an interview with Bloomberg News in December, he acknowledged that his firm is “doing things a little different to what’s been done before, and that’s always going to kind of garner attention and commentary.”\nIn October, Greensill’s firm had been considering a capital raising that would have valued it at $7 billion. At the time, when its banking arm was facing regulatory scrutiny and clients had hit financial difficulties, the firm said that the fund-raising would help boost growth. More recently, the firm was in talks with Apollo Global Management Inc. on a multi-billion dollar financing deal that would give the supply chain more headroom, Sky News reported last month.\nIn addition to discussing the possibility of insolvency, Greensill is now in talks on a sale of its operating business to Apollo, people familiar with the matter said.\nCredit Suisse’s decision to suspend its funds came after credit insurance recently lapsed on some of the loans Greensill made, according to people briefed on the matter. That left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, the people said. The freeze has left Greensill’s firm without a key buyer of the debt it arranges for companies.\nIt also adds to a series of hits to the Zurich-based bank, which is still recovering from a damaging spying scandal a year ago. Since then, new Chief Executive Officer Thomas Gottstein has had to contend with legal charges related to mortgage-backed securities in the U.S. and a writedown on a hedge fund investment. The bank was also left staring at steep losses, along with other lenders, when the stock of Luckin coffee imploded in an accounting fraud.\nIn addition to being an early Greensill backer, SoftBank was also an investor in the Credit Suisse supply-chain funds. The conglomerate pulled $700 million out of the Credit Suisse funds last year amid conflict-of-interest accusations that sparked an internal review at the Swiss bank. The investment into Greensill by SoftBank’s Vision Fund was led by former managing partner Colin Fan, who recently left his role at the behemoth investment fund. Many of the companies that were financed by the investment vehicles were also Vision Fund portfolio companies, including Indian hotel chain Oyo and Fair Financial Corp.\nAfter its review last year, Credit Suisse overhauled the funds’ investment guidelines to limit how much exposure they can have to a single borrower, but kept some loans to companies backed by SoftBank, according to latest available fund documents from Credit Suisse. The bank had been looking at ways to reduce its ties to Greensill, people familiar with the matter said earlier Monday.\nCredit Suisse is considering winding down the investments packaged by Greensill, replacing the firm as the main source for the assets, or moving loans to firms linked to Gupta out of its supply-chain finance funds, the people said, asking for anonymity because a decision hasn’t been made yet. It’s unclear how much of the Credit Suisse supply-chain finance funds are currently tied up with Gupta.\nCrucial Buyers\n“Greensill acknowledges the decision by Credit Suisse to temporarily gate the two Supply Chain Finance Funds dealing in Greensill-sourced assets,” a spokesperson for the firm said by email. “We remain in advanced talks with potential outside investors in our company and hope to be able to update further on that process imminently.” The spokesman declined to comment on any discussions on the sale or insolvency of the operating company.\nSecurities linked to Gupta and arranged by Greensill were among investments at the center of a 2018 crisis at GAM that brought down star trader Tim Haywood. While assets managed in GAM’s supply-chain finance funds were relatively short-term, other funds that held some longer-term loans to Gupta took almost a year to liquidate those.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365088357,"gmtCreate":1614679239779,"gmtModify":1703479748249,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365088357","repostId":"1189836823","repostType":4,"repost":{"id":"1189836823","kind":"news","pubTimestamp":1614678500,"share":"https://ttm.financial/m/news/1189836823?lang=&edition=full","pubTime":"2021-03-02 17:48","market":"hk","language":"en","title":"China's billionaires club swells as market rally offsets virus pain","url":"https://stock-news.laohu8.com/highlight/detail?id=1189836823","media":"AFP","summary":"More than 200 billionaires were created in China last year as booming stock markets and a flood of n","content":"<p>More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.</p>\n<p>The size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.</p>\n<p>And the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking China total to 1,058, the first country to break the 1,000 mark.</p>\n<p>In comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.</p>\n<p>Leading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an US$85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a US$1.1 billion initial public offering in Hong Kong last year.</p>\n<p>However, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.</p>\n<p>Three individuals globally added more than US$50 billion in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing e-commerce players.</p>\n<p>Overall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.</p>\n<p>Hurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.</p>\n<p>\"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined,\" he added.</p>\n<p>The report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being \"dwarfed\" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.</p>\n<p>Six of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.</p>","source":"lsy1605843958005","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's billionaires club swells as market rally offsets virus pain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's billionaires club swells as market rally offsets virus pain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 17:48 GMT+8 <a href=https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain><strong>AFP</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.\n...</p>\n\n<a href=\"https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/banking-finance/chinas-billionaires-club-swells-as-market-rally-offsets-virus-pain","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189836823","content_text":"More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.\nThe size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.\nAnd the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking China total to 1,058, the first country to break the 1,000 mark.\nIn comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.\nLeading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an US$85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a US$1.1 billion initial public offering in Hong Kong last year.\nHowever, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.\nThree individuals globally added more than US$50 billion in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing e-commerce players.\nOverall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.\nHurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.\n\"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined,\" he added.\nThe report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being \"dwarfed\" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.\nSix of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362968838,"gmtCreate":1614589150824,"gmtModify":1703478514823,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362968838","repostId":"1149277934","repostType":4,"repost":{"id":"1149277934","kind":"news","pubTimestamp":1614581732,"share":"https://ttm.financial/m/news/1149277934?lang=&edition=full","pubTime":"2021-03-01 14:55","market":"us","language":"en","title":"Warren Buffett Won’t Take the Reddit Bait","url":"https://stock-news.laohu8.com/highlight/detail?id=1149277934","media":"Bloomberg","summary":"No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespu","content":"<blockquote>\n <b>No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespun value-investing wisdom. What did you expect?</b>\n</blockquote>\n<p>“All that’s required is the passage of time, an inner calm,” began a sentence in Warren Buffett’s annual letter to his followers Saturday. He was talking about the essentials of investing in a farm or business, but it felt like a metaphor for the collectively lonely and despairing moment that the world found itself in during the past year. With his own 90-year perspective, Buffett reminded his readers that a moment is all this is.</p>\n<p>The bar was high for Buffett this time, given all that’s happened since last year’s letter: a public-health crisis; lockdowns; social unrest; worsening wealth inequality; a new U.S. president; extreme political divisiveness that led to insurrectionists storming the Capitol; climate disasters such as the tragic freezing conditions and blackouts in Texas last week; the resurgence of Bitcoin; and the recent market tumult brought on in part by a boiling over of frustrations with the state of the world.</p>\n<p>Did he clear that bar? Perhaps that’s the wrong question. Anyone looking to hear his thoughts on today’s issues may feel let down — he didn’t directly address any of them — but I doubt his devotees were surprised by this or disappointed. Buffett met the occasion by doing what he always does: explain his decisions, take his lumps and victory laps, offer up his musings on investing. If you wanted something different, you didn’t get it, and you don’t know Buffett.</p>\n<p>The last time the chairman and chief executive officer of Berkshire Hathaway Inc. spoke publicly was at the virtual shareholder meeting in May, an uncharacteristically somber event at which he sat in an empty auditorium normally filled with his adoring fans and left listeners wondering whether he was still the Oracle of Omaha. New icons with investing philosophies arguably antithetical to the Buffett way have since filled the void, such as Tesla Inc. billionaire Elon Musk, futuristic stock picker Cathie Wood and so-called SPAC king Chamath Palihapitiya — especially as Berkshire’s stock continues to lag the market.</p>\n<p><b>Underperformer</b></p>\n<p>Warren Buffett's Berkshire Hathaway owns shares in some market-beating companies, but its own stock has fallen behind</p>\n<p><img src=\"https://static.tigerbbs.com/9b499dc71140e81cb97d5303f6c1f80c\" tg-width=\"585\" tg-height=\"275\">But Buffett has his story and he’s sticking to it. And as if to remind readers of exactly that, the letter takes time to recount the history of Berkshire and how it came to be: a state-by-state discovery of ordinary Americans building extraordinary businesses — See’s Candies, Nebraska Furniture Market, Clayton Homes, Pilot Travel Centers — that Buffett and his now-97-year-old partner, Charlie Munger, couldn’t help but acquire and continue to admire. Some are still run by descendants of the families that started them. If this were to be Buffett’s last letter, it would be a relatively eloquent signoff. Here’s a notable passage:</p>\n<blockquote>\n There has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking. Beyond that, we retain our constitutional aspiration of becoming “a more perfect union.” Progress on that front has been slow, uneven and often discouraging. We have, however, moved forward and will continue to do so. Our unwavering conclusion: Never bet against America.\n</blockquote>\n<p>There was no mention of Bitcoin, Robinhood or Reddit, but Buffett did write glowingly of “the million-plus” individual investors who own Berkshire stock. He and Munger “feel a special obligation” to this group because their earliest investors when they began managing money — before acquiring Berkshire Hathaway in 1965 — were just regular people. “Partners” is what they call Berkshire shareholders, and the company says it’s happy with the partners it has, not needing to court Wall Street the way other publicly traded companies might. That Berkshire never holdsearnings callswith analysts or attends investor conferences apart from its own annual event is the somewhat controversial proof.</p>\n<p>On the topic of the Reddit day-trading phenomenon, Munger put it a bit differently this week,telling the Wall Street Journal: “I hate this luring of people into engaging in speculative orgies.” And while taking questions during the shareholder meeting Wednesday for Daily Journal Corp., which he chairs, Munger had choice words for SPACs, too. “I think the world would be better off without them,” he said. “It's just that the investment banking profession will sell s--t as long as s--t can be sold.” He is truly the yin to Buffett’s yang.</p>\n<p>The biggest omission from Buffett’s letter was any rumination on markets and valuations, nor were there signs that maybe he’d come to accept higher prices as the new normal. In fact, it seems to be just the opposite. Berkshire had to write down the value of its last major acquisition, Precision Castparts, by $11 billion. The aerospace-parts manufacturer was hit hard by the Covid-19 pandemic as travel stopped. “I paid too much for the company,” he wrote. Doesn’t sound like he’s eager to make that mistake again.</p>\n<p>Instead, Berkshire has been buying back stock. Share repurchases tallied almost $25 billion in 2020. Speaking to his “partners,” he wrote, “That action increased your ownership in all of Berkshire’s businesses by 5.2%,” and added that buybacks have continued since yearend. Last week, Berkshire alsorevealed large stakesin Chevron Corp. and Verizon Communications Inc. The company’s cash stockpile — so large it has become part of Buffett folklore — did come down a tad last quarter to $138 billion.</p>\n<p><b>The War Chest</b></p>\n<p>Perhaps the only time a decline in cash is a good sign, because it means Warren Buffett found worthy purchases:</p>\n<p><img src=\"https://static.tigerbbs.com/1e0f4c73979bdcff8b792c981f6119a8\" tg-width=\"592\" tg-height=\"269\">The topic of succession didn’t come up in Saturday’s memo either, but Buffett did reveal that the virtual May meeting will be held not in Omaha as usual but in Los Angeles, where a wheelchair-bound Munger lives. Vice Chairmen Greg Abel and Ajit Jain, who have been given more authority in recent years, will also take part in the Q&A. Perhaps more succession news is in store.</p>\n<p>“Nobody’s going to listen to Buffett. Buffett doesn’t have the energy to say what he said 30 and 40 years ago in 2021. And that’s OK, he’s earned the right to basically chill out and be the GOAT. But there has to be other folks that take that mantle, take the baton and do it as well to this younger generation in a language they understand.” This was Palihapitiya speaking in a Bloomberg TV interview earlier this month.</p>\n<p>Maybe Buffett’s style doesn’t fit the current moment, but a moment is all it is. Value investing has cycled in and out of fashion, and as fad securities sold off this week, there’s talk that it may be back “in” again. In any case, “energy” isn’t what earned Buffett his celebrity. It was patience, conviction, a sense of duty to his partners and a rejection of complex profit adjustments that are so often used to obscure and confuse. That philosophy should never go out of style.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Won’t Take the Reddit Bait</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Won’t Take the Reddit Bait\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 14:55 GMT+8 <a href=https://www.bloomberg.com/asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespun value-investing wisdom. What did you expect?\n\n“All that’s required is the passage of time, an ...</p>\n\n<a href=\"https://www.bloomberg.com/asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.bloomberg.com/asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149277934","content_text":"No mention of Bitcoin, Robinhood or WallStreetBets in his latest annual letter but plenty of homespun value-investing wisdom. What did you expect?\n\n“All that’s required is the passage of time, an inner calm,” began a sentence in Warren Buffett’s annual letter to his followers Saturday. He was talking about the essentials of investing in a farm or business, but it felt like a metaphor for the collectively lonely and despairing moment that the world found itself in during the past year. With his own 90-year perspective, Buffett reminded his readers that a moment is all this is.\nThe bar was high for Buffett this time, given all that’s happened since last year’s letter: a public-health crisis; lockdowns; social unrest; worsening wealth inequality; a new U.S. president; extreme political divisiveness that led to insurrectionists storming the Capitol; climate disasters such as the tragic freezing conditions and blackouts in Texas last week; the resurgence of Bitcoin; and the recent market tumult brought on in part by a boiling over of frustrations with the state of the world.\nDid he clear that bar? Perhaps that’s the wrong question. Anyone looking to hear his thoughts on today’s issues may feel let down — he didn’t directly address any of them — but I doubt his devotees were surprised by this or disappointed. Buffett met the occasion by doing what he always does: explain his decisions, take his lumps and victory laps, offer up his musings on investing. If you wanted something different, you didn’t get it, and you don’t know Buffett.\nThe last time the chairman and chief executive officer of Berkshire Hathaway Inc. spoke publicly was at the virtual shareholder meeting in May, an uncharacteristically somber event at which he sat in an empty auditorium normally filled with his adoring fans and left listeners wondering whether he was still the Oracle of Omaha. New icons with investing philosophies arguably antithetical to the Buffett way have since filled the void, such as Tesla Inc. billionaire Elon Musk, futuristic stock picker Cathie Wood and so-called SPAC king Chamath Palihapitiya — especially as Berkshire’s stock continues to lag the market.\nUnderperformer\nWarren Buffett's Berkshire Hathaway owns shares in some market-beating companies, but its own stock has fallen behind\nBut Buffett has his story and he’s sticking to it. And as if to remind readers of exactly that, the letter takes time to recount the history of Berkshire and how it came to be: a state-by-state discovery of ordinary Americans building extraordinary businesses — See’s Candies, Nebraska Furniture Market, Clayton Homes, Pilot Travel Centers — that Buffett and his now-97-year-old partner, Charlie Munger, couldn’t help but acquire and continue to admire. Some are still run by descendants of the families that started them. If this were to be Buffett’s last letter, it would be a relatively eloquent signoff. Here’s a notable passage:\n\n There has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking. Beyond that, we retain our constitutional aspiration of becoming “a more perfect union.” Progress on that front has been slow, uneven and often discouraging. We have, however, moved forward and will continue to do so. Our unwavering conclusion: Never bet against America.\n\nThere was no mention of Bitcoin, Robinhood or Reddit, but Buffett did write glowingly of “the million-plus” individual investors who own Berkshire stock. He and Munger “feel a special obligation” to this group because their earliest investors when they began managing money — before acquiring Berkshire Hathaway in 1965 — were just regular people. “Partners” is what they call Berkshire shareholders, and the company says it’s happy with the partners it has, not needing to court Wall Street the way other publicly traded companies might. That Berkshire never holdsearnings callswith analysts or attends investor conferences apart from its own annual event is the somewhat controversial proof.\nOn the topic of the Reddit day-trading phenomenon, Munger put it a bit differently this week,telling the Wall Street Journal: “I hate this luring of people into engaging in speculative orgies.” And while taking questions during the shareholder meeting Wednesday for Daily Journal Corp., which he chairs, Munger had choice words for SPACs, too. “I think the world would be better off without them,” he said. “It's just that the investment banking profession will sell s--t as long as s--t can be sold.” He is truly the yin to Buffett’s yang.\nThe biggest omission from Buffett’s letter was any rumination on markets and valuations, nor were there signs that maybe he’d come to accept higher prices as the new normal. In fact, it seems to be just the opposite. Berkshire had to write down the value of its last major acquisition, Precision Castparts, by $11 billion. The aerospace-parts manufacturer was hit hard by the Covid-19 pandemic as travel stopped. “I paid too much for the company,” he wrote. Doesn’t sound like he’s eager to make that mistake again.\nInstead, Berkshire has been buying back stock. Share repurchases tallied almost $25 billion in 2020. Speaking to his “partners,” he wrote, “That action increased your ownership in all of Berkshire’s businesses by 5.2%,” and added that buybacks have continued since yearend. Last week, Berkshire alsorevealed large stakesin Chevron Corp. and Verizon Communications Inc. The company’s cash stockpile — so large it has become part of Buffett folklore — did come down a tad last quarter to $138 billion.\nThe War Chest\nPerhaps the only time a decline in cash is a good sign, because it means Warren Buffett found worthy purchases:\nThe topic of succession didn’t come up in Saturday’s memo either, but Buffett did reveal that the virtual May meeting will be held not in Omaha as usual but in Los Angeles, where a wheelchair-bound Munger lives. Vice Chairmen Greg Abel and Ajit Jain, who have been given more authority in recent years, will also take part in the Q&A. Perhaps more succession news is in store.\n“Nobody’s going to listen to Buffett. Buffett doesn’t have the energy to say what he said 30 and 40 years ago in 2021. And that’s OK, he’s earned the right to basically chill out and be the GOAT. But there has to be other folks that take that mantle, take the baton and do it as well to this younger generation in a language they understand.” This was Palihapitiya speaking in a Bloomberg TV interview earlier this month.\nMaybe Buffett’s style doesn’t fit the current moment, but a moment is all it is. Value investing has cycled in and out of fashion, and as fad securities sold off this week, there’s talk that it may be back “in” again. In any case, “energy” isn’t what earned Buffett his celebrity. It was patience, conviction, a sense of duty to his partners and a rejection of complex profit adjustments that are so often used to obscure and confuse. That philosophy should never go out of style.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":1040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366512725,"gmtCreate":1614509837767,"gmtModify":1703477934814,"author":{"id":"3553752126202788","authorId":"3553752126202788","name":"DarylBin","avatar":"https://static.tigerbbs.com/a3cd90415a299f9a5bd15f5cd641670c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553752126202788","authorIdStr":"3553752126202788"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366512725","repostId":"2114343228","repostType":4,"isVote":1,"tweetType":1,"viewCount":1399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}