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Gadfly's Nisen: Valeant's 'Financial Wizardry' Doesn't Change The Long-Term Outlook
Thursday, March 23, 2017 - 10:53am | 415Read More...Valeant Pharmaceuticals Intl Inc (NYSE: VRX)'s refinancing announcement on Tuesday shouldn't be celebrated by investors, at least according to Gadfly's Max Nisen. Nisen noted Valeant's "financial wizardry" doesn't address Valeant's long-term $30 billion debt load although it may ease short-term...
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Gadfly's Ovide: Intel Is Spending Money 'Like It's 1999'
Monday, March 13, 2017 - 2:15pm | 527Read More...Even though Intel Corporation (NASDAQ: INTC) can afford to fork over $15 billion to acquire Mobileye NV (NYSE: MBLY), there are two questions that need to be answered. Did Intel overpay? Did Intel have to pursue the acquisition? Gadfly's Shira Ovide noted that while Intel can finance the all-...
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Sports Authority's Loss Isn't Dick's Sporting Goods' Gains
Wednesday, March 8, 2017 - 3:05pm | 343Read More...Investors weren't wrong in their thinking that the closure of The Sports Authority and Golfsmith would benefit some of the sporting goods retailers remaining in the game, such as Dicks Sporting Goods Inc (NYSE: DKS). In fact, as noted by Gadfly's Shelly Banjo, Oppenheimer's retail analyst Brian...
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Fallout Of Record High Gap Between New, Used Car Loans For Auto Lenders
Friday, March 3, 2017 - 3:27pm | 585Read More...Buyers of new cars are now straddled with a record high amount of loan, thus widening the gap between the average loan amount for a new vehicle and used vehicle. Record Differential The latest "State of the Automotive Finance Market" report from Experian released on Thursday showed that average...
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Did Warren Buffett Overpay For Apple? Gadfly Lays Out The Case
Wednesday, February 15, 2017 - 1:56pm | 338Read More...Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) can now claim to be a top 10 Apple Inc. (NASDAQ: AAPL) shareholder. Buffett, who has characteristically shied away from tech investments, reported a relatively small stake (at least by Buffett's standards) in Apple of around $1 billion...
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Is Teva's 4% Dividend Yield Safe?
Tuesday, February 7, 2017 - 2:42pm | 329Read More...Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) plunged more than 5 percent after the company's CEO and President Erez Vigodman will step down, effective immediately. Yithak Peterburg, Teva's chairman since early 2015, will replace Vigodman at a time when the company is also...
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The Super Bowl's Real Winner: Tech Companies
Tuesday, February 7, 2017 - 12:16pm | 324Read More...Tom Brady and the New England Patriots emerged the winner of Super Bowl LI, but there were other winners not dominating the headlines. According to Gadfly's Shire Ovide and Rani Molla, technology companies combined for 15 commercials during the big game, up from 13 a year ago. In fact, tech...
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Why The Most Shorted U.S. Bank Might Be A Buy
Wednesday, February 1, 2017 - 1:55pm | 374Read More...BofI Holding, Inc. (NASDAQ: BOFI), short for Bank of Internet USA, claims in its own words to be the "oldest and most trusted internet bank." The stock is the most shorted U.S. bank, according to Gadfly's Gillian Tan. Tan noted that short sellers have been pilling into the bank...
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If Two-Day Shipping Is 'Table Stakes' For Wal-Mart, It Should Go 'All In'
Tuesday, January 31, 2017 - 3:56pm | 376Read More...Wal-Mart Stores Inc (NYSE: WMT) believes two-day shipping is merely "table stakes" then the company has no choice but to go "all in" to beat Amazon.com, Inc. (NASDAQ: AMZN) According to Gadfly's Shelly Banjo, Wal-Mart's move to ditch its ShippingPass program is the...
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Las Vegas Sands Investors: Don't Bet Against The House
Saturday, January 28, 2017 - 3:19pm | 275Read More...Shares of Las Vegas Sands Corp. (NYSE: LVS) sold off on Thursday after the company's fourth quarter earnings report consisted of a top and bottom line miss. According to Gadfly's David Fickling, there is one important lesson that holds true for casino patrons and Las Vegas Sands'...
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Bob Evans 20% Surge, Explained
Wednesday, January 25, 2017 - 3:40pm | 286Read More...Shares of Bob Evans Farms Inc (NASDAQ: BOBE) soared by more than 20 percent Wednesday and hit a new 52-week high of $60.95 after the company announced it will sell its restaurant unit for $565 million. Gadfly's Tara Lachapelle noted that the sale of Bob Evans' restaurant chain follows...
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The Drone Industry Isn't As Healthy As It Seems
Friday, January 13, 2017 - 10:52am | 408Read More...Many market research firms argue that the drone industry appears poised for growth over the coming years, but taking a closer look at some of the leading companies in the space paints a different picture. According to Gadfly's Leila Abboud, the "once-hyped" drone industry is experiencing a "chill...
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Will Apple Be The New HBO?
Thursday, January 12, 2017 - 3:54pm | 402Read More...Apple Inc. (NASDAQ: AAPL) is said to be eyeing an entry into Hollywood. Thursday's chatter marks "approximately the 400th attempt by Apple to become a significant entertainment company." According to Gadfly's Shira Ovide, Apple has been in talks with media companies and cable TV providers for years...
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Cut Starbucks Some Slack, Selling $10 Coffee Is A Good Business Strategy
Friday, December 9, 2016 - 11:30am | 360Read More...Charging $10 for a cup of coffee seems like a ludicrous idea, but this is exactly what Starbucks Corporation (NASDAQ: SBUX) wants to do. According to Gadfly's Shelly Banjo, Starbucks isn't looking to overhaul its entire business and get rid of its tried and tested business model. Rather, the coffee...
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Apple Doesn't Set The Table Anymore
Tuesday, November 15, 2016 - 10:50am | 323Read More...Bloomberg reported on Monday that Apple Inc. (NASDAQ: AAPL) is looking to sell its own version of digital glasses that can connect wireless to an iPhone. Sound familiar? As noted by Gadfly's Shira Ovide, Apple's next hot product is a new version of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s...
