Stocks at 52 week lows with insider buying

Share to Twitter Share to Linkedin Coinbase COIN (NYSE: COIN) began its publicly traded existence on April 14th, 2021 as a hot initial public offering that cryptocurrency freaks could not stop talking about. There was more than the usual amount of “this one’s going to the moon!” free and sometimes paid-for advice that typifies a certain type of IPO no matter what the era or the industry. The certainty of success seemed obvious to the many who participated. When the stock was issued at a price of $250 — which got filled, by the way, by few investors — an immediate at-the-open rally took it up to $381 within minutes and then to a quick blast up to $424, a peak never to be seen again. Coinbase since then is an example of almost relentless selling as the crypto world it represents entered what those enthusiastic about it took to calling “winter” — although some have noted that it’s lasted almost as long as an ice age, so far. This week’s news … [Read more...] about Coinbase: From Hot IPO To Cold Wells Notice

BREADWINNER   Teodora Vega inside her “sari-sari” store in Pasig —photos by Gillian Villanueva Nearly 20 years ago, Veronica Garcia used to hawk sili, kamias, sampalok and other spices in a pushcart. As her husband was not earning enough as taho and binatog vendor, she decided to start selling vegetables and other goods as well. Her sister, who had her own car, helped her buy products in Divisoria, Urdaneta, Pangasinan, and other provinces. Nowadays, she is able to relax at home while her children tend to her stalls at a nearby wet market in Pasig. Her husband helps with the household chores. “I was pushing around a kariton , until I was able to rent a stall, until the stall became my own,” the 51-year-old says. Part of the reason that she was able to succeed in growing her business was the financing she was able to get from ASA Philippines Foundation. Her sister, who used to be a member of ASA, introduced her to the microfinance company. At that time, Garcia was still … [Read more...] about Empowering Pinay microentrepreneurs

Share to Twitter Share to Linkedin Is it time for us contrarians to “buy the dip” in bank stocks? We’re drowning in big bank-scare headlines. Silicon Valley Bank (SIVB VB ) knuckled under in days, Signature Bank (SBNY) wasn’t too far behind, and across the pond, Credit Suisse (CS) needed a buyout bailout from rival UBS (UBS) . The next bank run, however, won’t be with the big boys . Too big to fail, baby . Here, we’ll find not only government help but also secure yields of up to 5.1%—trading at a discount, no less. Why the big guys? Well let me show you. Last week, my software firm received this email from one of our vendors: “Brett, Just wanted to give you our new banking details. We’re out of SVB; we’re moving to JPM.” JPM for the win. And they’re not the only big bank benefiting. CNN recently reported that Bank of America BAC (BAC) , Wells Fargo WFC (WFC) and Citigroup C (C) “have all experienced a … [Read more...] about Make Your Own Bank Run On These Blue-Chip Yields

Holdfast Collective is No. 4 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In September 2022, Patagonia, renowned for being at the forefront of environmental advocacy, sustainable production, and progressive business practices, had a new declaration: Earth would be its only shareholder. What that actually meant was that founder Yvon Chouinard and his family had given up ownership, transferring the company’s voting stock to the Patagonia Purpose Trust and the other 98% of its ownership to the Holdfast Collective , a new 501(c)(4) organization. Holdfast’s mission is to preserve wildlands and pursue other nature-based climate solutions, fund grassroots environmental organizations, and support politicians working to fight the climate crisis. Although other companies have used this organizational structure for philanthropic ventures, Patagonia is taking a different … [Read more...] about Patagonia uses capitalism to save the planet with the Holdfast Collective

Refilling the U.S. Strategic Petroleum Reserve may take years, U.S. Energy Secretary Jennifer Granholm said this week, reversing plans the Biden administration announced late last year to repurchase at lower prices oil it sold from the reserve in 2022. However, the relatively limited size of the planned repurchases in proportion to global oil demand makes assessing the impact on U.S. crude oil markets somewhat difficult—especially amid current global economic trends and geopolitical challenges. KEY TAKEAWAYS U.S. Energy Secretary Jennifer Granholm said this week it may take years for the government to replenish its Strategic Petroleum Reserve. It's a reversal of plans the government announced last year to repurchase oil it sold from the reserve at lower prices. Current global economic concerns and geopolitical conditions, however, present challenges in assessing the market impact of the decision. Granholm told a House panel Thursday that the U.S. likely would not … [Read more...] about US to Take Years to Refill Its Strategic Petroleum Reserve

Russian carriers have been able to scrounge enough spare parts to maintain robust domestic service across their vast country. S ince the start of Russia’s war with Ukraine, GA Telesis, a Florida-based aircraft-parts distributor, has been getting a lot of suspicious requests. They’re from shadowy companies formed over the past year in the United Arab Emirates and former Soviet republics like Kazakhstan and Tajikistan. Mindful of sanctions against Russia, GA Telesis asks for proof that the parts are for a particular airline and plane. When confronted with those questions, company founder Abdol Moabery says, they vanish. “We have a robust compliance department,” Moabery tells Forbes, “but not everybody does.” When the U.S. and Europe first imposed economic sanctions in the wake of the Kremlin’s unprovoked invasion of Ukraine a year ago, aviation experts expected that Russian airlines would be reduced to cannibalizing parts to keep a dwindling number of planes in the air. … [Read more...] about How Russian Airlines Have Been Able To Skirt Sanctions And Keep Flying