Mark Seeger, Founder & Co-CEO of robocar startup Glydways, discusses the company's plans to raise another $250 million in funding, that could take the company to unicorn status. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Mark Seeger, Founder & Co-CEO of robocar startup Glydways, discusses the company's plans to raise another $250 million in funding, that could take the company to unicorn status. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images The following segment was excerpted from this fund letter. During the quarter, the Fund initiated a position in Qualys, Inc. Qualys, Inc ( QLYS ) is an established, growing, and highly profitable cybersecurity company and the largest of three leading specialized vendors of vulnerability management software. Qualys was among the first to build a cloud sec...
JHVEPhoto/iStock Editorial via Getty Images The following segment was excerpted from this fund letter. During the quarter, the Fund initiated a position in Qualys, Inc. Qualys, Inc ( QLYS ) is an established, growing, and highly profitable cybersecurity company and the largest of three leading specialized vendors of vulnerability management software. Qualys was among the first to build a cloud security platform and has continued to improve its offerings and applications. Its highly regarded software solutions, which identify and repair vulnerabilities to cyber threats within customer networks, are well utilized by a majority of Global 500 corporations. The recent equity market dislocation of wide swaths of the software industry has provided an opportunity for the Fund to invest in a very well-financed business that appears well positioned to not only survive but potentially thrive in the new A.I. environment. As we often say when talking about companies weathering uncertainty, it starts with the balance sheet. Qualys is undeniably well financed, with no debt and a cash war chest of nearly $700 million, relative to its $3 billion market capitalization. The company has demonstrated a long history of disciplined profitability and methodical platform expansion, balancing revenue growth with high margins and robust operating and free cash flow generation. At recent share prices, current profitability would suggest a free cash flow yield in the double-digits. While the pace of potential disruption is inherently uncertain, we do take comfort in the fact that large swaths of Qualys customer base come from highly regulated sectors such as finance and healthcare, which maintain regulatory statutes that demand the use of third-party vulnerability management providers such as Qualys. Further, there is a school of thought that increasing use of agentic A.I. may ultimately increase the need for accuracy, accountability and regulatory compliance of IT environments, which could ult...
Charlottesville: The Deceit Underlying The Hoax Authored by Steve Cortes via RealClearPolitics.com, For years, Democratic politicians and their allies in the legacy media have spread the damnable Charlottesville Hoax: the propaganda myth that President Trump praised bigots who rioted in 2017 in the Virginia town. Of course, the opposite is true, as Trump actually said : “I’m not talking about the ...
Charlottesville: The Deceit Underlying The Hoax Authored by Steve Cortes via RealClearPolitics.com, For years, Democratic politicians and their allies in the legacy media have spread the damnable Charlottesville Hoax: the propaganda myth that President Trump praised bigots who rioted in 2017 in the Virginia town. Of course, the opposite is true, as Trump actually said : “I’m not talking about the neo-Nazis and white nationalists because they should be condemned totally.” Now, we learn that the entire hoax of Trump and Charlottesville is, itself, built upon another grand lie. The media and people like Joe Biden have continually pushed the narrative that some big, organic gathering of hateful Americans descended upon Charlottesville and represented some larger threat to the republic itself. But it now turns out that the “Unite the Right” rally was organized and financed by the highly partisan, left-wing Southern Poverty Law Center. In a sweeping 11-count indictment, the Department of Justice and acting Attorney General Todd Blanche charge the advocacy group with criminal defrauding of donors and “manufacturing the extremism it purports to oppose by paying sources to stoke racial hatred.” The charges contained in this indictment are akin to the fire department becoming an aggressive criminal arson enterprise, setting fires all across a town, and then demanding more budget and authority to fight the very infernos it set ablaze. So…the end result is that America endured years of propaganda that convinced a large segment of the population – in contravention of the facts – that their president supported violent hate merchants. Even worse, masses of unskeptical Americans, who consume only legacy media content, believed that the entire America First populist movement was based on bigotry, rather than patriotism. Now, nearly a decade later, the truth is revealed about the deception that lay beneath that grand lie. There was a layer of duplicity here that is almost difficult t...
格隆汇4月27日|4月22日下午,社保基金会副理事长金荦会见了美国路博迈集团(Neuberger Berman Group LLC.)首席运营官安迪·科马罗夫(Andy Komaroff)先生一行,双方就全球投资趋势等议题进行了交流。会谈中,金荦副理事长对科马罗夫先生一行来访表示欢迎,对路博迈集团多年来为社保基金会提供的服务和支持表示感谢,并介绍了社保基金会投资运营管理相关情况;科马罗夫先生介绍了...
格隆汇4月27日|4月22日下午,社保基金会副理事长金荦会见了美国路博迈集团(Neuberger Berman Group LLC.)首席运营官安迪·科马罗夫(Andy Komaroff)先生一行,双方就全球投资趋势等议题进行了交流。会谈中,金荦副理事长对科马罗夫先生一行来访表示欢迎,对路博迈集团多年来为社保基金会提供的服务和支持表示感谢,并介绍了社保基金会投资运营管理相关情况;科马罗夫先生介绍了路博迈集团中国业务发展近况;双方围绕全球投资趋势、伊朗冲突对资本市场影响等议题进行了交流。金荦副理事长对科马罗夫先生的分享表示感谢,希望双方继续保持交流沟通。
Thomas Barwick/DigitalVision via Getty Images Back in January of this year, I made the decision to reaffirm Albany International Corp. ( AIN ) as a ‘hold.’ At the time, the company had been exhibiting declining revenue and profits. Yes, shares were trading on the cheap relative to other similar enterprises. Plus, some of the industries that the business caters to, such as the aviation market, ende...
Thomas Barwick/DigitalVision via Getty Images Back in January of this year, I made the decision to reaffirm Albany International Corp. ( AIN ) as a ‘hold.’ At the time, the company had been exhibiting declining revenue and profits. Yes, shares were trading on the cheap relative to other similar enterprises. Plus, some of the industries that the business caters to, such as the aviation market, ended up performing exceptionally well. At the end of the day, however, the valuation did not make sense to me, especially in light of the financial performance that the business had demonstrated. Since that time, the stock is up 2.7%, while the S&P 500 is up about 4.6%. However, since I originally rated it a ‘hold’ in October of last year, the stock has increased by 6.7%. That's only a hair worse than the 7.2% increase that the market enjoyed. Considering that I view a ‘hold’ candidate as one that should perform along the lines of the market for the foreseeable future, I would say that my call was spot on. The newest data that management has offered up shows renewed growth on the top line. But the bottom line still remains troubled. What's more, the overall valuation of the company really is not that impressive, neither on an absolute basis nor relative to other similar enterprises. Of course, the picture could change as new data comes in. But analysts expect a decline in not only revenue but also profits and adjusted profits. This is specifically for the first quarter of the 2026 fiscal year that the company should be announcing data before the market opens on April 30th. So unless the company can really surprise investors in a positive way, I don't think that upgrading it is right at this time. Checking in on Albany International In the event that you are new to Albany International, it's worth noting that the company caters to multiple industries, including the paper market, industrial manufacturing, and aerospace. It primarily focuses on machine clothing operations, where ...