The summer months, including part of September, typically are bearish months for the stock market, and it is usual to witness increased volatility as September proceeds. Then, historically, from about mid-September until about mid-January, the market exhibits a decided upturn, although usually a little bumpy along the way. [more]
WOW! recorded revenue of $18.8 million, up 25% from the previous quarter, and its fourth consecutive quarter of positive EBITDA. As of June 30, 2021, it had a backlog of $77.5 million with another $3.3 million of contracts signed after the quarter-end. The Board of Directors continues to analyze ways to maximize shareholder value as the Company is trading at only 0.9x EV/LTM Revenue, well below its peers. [more]
The value of the Portfolio on August 27 was $537,153, up 7.4% from the initial investment of $500,000. For comparative purposes, the S&P/TSX Composite Index gained 4.6% since inception. [more]
Lightning eMotors, a leading supplier of specialty commercial electric vehicles for fleets, signed an $850 million strategic partnership deal with Forest River, a Berkshire Hathaway company and North America’s largest shuttle bus manufacturer. With this deal, Lightning eMotors plans to deploy up to 7,500 zero-emission shuttle buses in the UK and Canada by 2025. [more]
Dole, an Ireland-based agricultural company, made its return to NYSE. The IPO marked the completion of Dole and Total Produce merger with the newly formed company, Dole plc, becoming the largest fresh producer in the world. [more]
mCloud Technologies, a leading AI-powered physical asset management solution provider, announced financial results for the second quarter ended June 30, 2021. Revenues increased by 44% compared to Q2/2020 and added 1,019 new connected assets to its managed portfolio. [more]
Square, a US-based financial services and digital payments company, announced its plans to acquire Afterpay, an Australian Buy-Now-Pay-Later (BNPL) company for US$29 billion in an all-stock deal. [more]
DCM is a Canadian-based communications and marketing solutions provider that offers comprehensive online and offline communications and marketing solutions to businesses. The Company is implementing a “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and Digital Asset Management (DAM) solutions. We are Initiating Coverage on DCM with a Buy rating and one-year price target of $3.60/share. [more]
In a cash and stock transaction, Penn National to acquire Score Media and Gaming for $2.0 billion. The deal creates a leading digital sports content, gaming, and technology company in North America. [more]
With higher commodity prices, mining deals and M&A remained strong this summer with some of the larger deals earmarked to get companies closer to production. [more]
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