The tech giant is purchasing 626,000 metric tons from what is believed to be Canada’s first majority Indigenous-owned carbon removal project. The deal was called an “anchor offtake.”
The tech giant is purchasing 626,000 metric tons from what is believed to be Canada’s first majority Indigenous-owned carbon removal project. The deal was called an “anchor offtake.”
Richard Drury/DigitalVision via Getty Images Shares of Worthington Enterprises, Inc. ( WOR ) have been consolidating a bit as of late. Shares have come in a bit, all while the company sees solid and accelerating organic growth, with more M&A efforts set to drive further growth of the business. I like these moves, with appeal increasing rapidly in my book, making me upbeat here. Shares are trading ...
Richard Drury/DigitalVision via Getty Images Shares of Worthington Enterprises, Inc. ( WOR ) have been consolidating a bit as of late. Shares have come in a bit, all while the company sees solid and accelerating organic growth, with more M&A efforts set to drive further growth of the business. I like these moves, with appeal increasing rapidly in my book, making me upbeat here. Shares are trading at mid-teen earnings multiples, while leverage is modest, organic growth is reported, and the business is becoming simpler. This makes me turn more upbeat here, willing to get involved again on dips here. Other, higher conviction ideas, including recent M&A efforts, can be found at Value In Corporate Events . About Recent Events In mid-January, Worthington closed on the acquisition of LSI Group, a deal originally announced in December. At the time, Worthington announced a $205 million purchase of metal roof component manufacturer LSI Group. The purchase includes leading brands like BPD, Logan Stampings, LSI Metal Fabrication, and Roof Huggers, with the business producing standing seam metal roof clips and retrofit components for the commercial metal roof market. Founded in 1968, the company has two locations in Logansport, providing such equipment, which is needed for many commercial roofs, typically only having 20-year commercial lifespans. More details were announced at the second quarter conference call , when management indicated that the company “only” generates $51 million in sales, yet over $22 million in adjusted EBITDA, indicating that margins are very high and that acquisition multiples look fair. Pro Forma Implications Towards the end of March, Worthington reported its third-quarter results, that is, for the quarter that ended in February. Third-quarter sales rose by nearly a quarter to $378 million, driven by a 35% increase in building product sales to $224 million, making up 60% of above-average margins. This is complemented by a slower-growing and slightly low...
Photography By Tonelson Weighed down by soft same-store sales (SSS), shares of Wingstop ( WING ) have lost more than 30% of their value over the last six months, a development that Citi Research believes presents a buying opportunity for investors. The deterioration in comparable restaurant sales has caused investors to question the brand’s positioning with consumers as well as franchisees' appeti...
Photography By Tonelson Weighed down by soft same-store sales (SSS), shares of Wingstop ( WING ) have lost more than 30% of their value over the last six months, a development that Citi Research believes presents a buying opportunity for investors. The deterioration in comparable restaurant sales has caused investors to question the brand’s positioning with consumers as well as franchisees' appetite for new stores, admits Citi Research analyst Jon Tower. But the solution could lie with the company’s further integration of its Smart Kitchen technology, product innovation, and greater value messaging, making a “fairly compelling argument for an SSS inflection in the second half of 2026.” Tower also points to healthy franchisee profitability and “best-in-class” new store returns—which reached 70% last year—supporting the idea that franchisee appetite for new stores remains high. “While SSS remains challenged, guest conversion and brand awareness gaps have trended in the proper direction…while Smart Kitchen integrations appear to address weakening consumer scores around order accuracy and hospitality,” Tower said in his note to clients, adding that there exists an opportunity over the next several months for SSS to improve, which should boost confidence in the brand’s unit development targets and translate into a re-rating higher for shares. Accordingly, Tower upgrades Wingstop ( WING ) to Buy from Neutral but with a corresponding reduction to his price target to reflect the retracement in shares. However, the new $230 price target represents 40% upside to Monday’s closing price. After gaining more than 8% on Monday, Wingstop ( WING ) shares are fractionally higher into Tuesday’s open. More on Wingstop Wingstop: Can The Moat Survive The Fried Chicken War? (Rating Downgrade) Wingstop: Losing Patience With Poor Franchisee Performance (Rating Downgrade) Wingstop Inc. (WING) Q4 2025 Earnings Call Transcript Attractive entry point in Wingstop as market overprices risks—Piper...
Kura Sushi (KRUS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Kura Sushi (KRUS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Futures Slide, Oil Jumps After US Attacks Kharg Island Ahead Of Trump's 8pm Iran Deadline US futures reversed earlier gains and oil advanced following reports that Iran's Kharg island was targeted earlier on Tuesday, while the market was largely paralyzed ahead of Trump’s 8pm ET deadline for Iran to agree to a ceasefire or face escalation. As of 8:00am ET, S&P futures are down 0.4%, and Nasdaq fut...
Futures Slide, Oil Jumps After US Attacks Kharg Island Ahead Of Trump's 8pm Iran Deadline US futures reversed earlier gains and oil advanced following reports that Iran's Kharg island was targeted earlier on Tuesday, while the market was largely paralyzed ahead of Trump’s 8pm ET deadline for Iran to agree to a ceasefire or face escalation. As of 8:00am ET, S&P futures are down 0.4%, and Nasdaq futures slide 0.6%. In premarket trading, all Mag7 names are lower even as AVGO (+3% pre-mkt) is bid after a TPU supply pact with GOOGL (+55bps) while ASML (-80bps) is weaker following a proposed US law that would further curb semiconductor exports to China (targeting ASML’s deep ultraviolet lithography machine ). Managed care is well bid after the final Medicare Advantage rate of +2.48% (vs ~1% bogey) was released last night (HUM +9%, CVS +7%, UNH +6%, ALHC +11%). Bond yields rise 1bp, 10Y TSY yield at 4.34%, the USD is also higher while commodities are mixed with oil reversing earlier losses and rising over 2%. Today’s macro data focus is weekly ADP, Durable / Cap Goods, and NY Fed 1-year Inflation Expectations. Ultimately, expect weaker volumes today with some market swings on unconfirmed ceasefire / deal chatter. In premarket trading, Mag 7 stocks are all lower (Alphabet -0.06%, Amazon -0.4%, Meta -0.6%, Microsoft -0.4%, Tesla -1.3%, Nvidia -1.2%, Apple -1%) Managed care companies including Humana gain after the Centers for Medicare & Medicaid Services finalized a 2.48% rate hike for health insurers in 2027. Investors see the pay boost as a meaningful improvement over the initial rates the agency proposed in January. Humana (HUM) rises 9% and CVS Health gains 6%. Broadcom (AVGO) rises 3% after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units. The companies also confirmed plans to work with Anthropic to power the AI startup’s burgeoning operations. Estée Lauder (EL) slips 1% after Spanish newspaper Expansion reported th...
tupungato/iStock Editorial via Getty Images Microsoft Corporation ( MSFT ) shares are going through one of their worst selloffs in recent memory, down 31% over the past six months. For a company with a perfect track record and seemingly impeccable fundamentals, the natural response from investors is to assume a V-shaped recovery is just a matter of time. However, I argue that investors shouldn't t...
tupungato/iStock Editorial via Getty Images Microsoft Corporation ( MSFT ) shares are going through one of their worst selloffs in recent memory, down 31% over the past six months. For a company with a perfect track record and seemingly impeccable fundamentals, the natural response from investors is to assume a V-shaped recovery is just a matter of time. However, I argue that investors shouldn't take such a recovery for granted, as Microsoft is facing significant challenges in its most important business lines. As Anthropic ( ANTHRO ) surpasses a $30 billion run rate , Microsoft investors should realize it won't close the gap so easily, which is why I'm downgrading the stock. On Surface, Microsoft Fundamentals Remain Impeccable In the December quarter, Microsoft delivered strong results , with 15% revenue growth, relatively stable gross margins, and strong operating margin expansion. Microsoft Q2'26 Presentation On the product level, we saw deceleration across most critical product lines, including 365 commercial and Azure: Created by the author based on Microsoft reports. Overall, Microsoft did deliver a beat , but investors saw through the headline numbers and identified the significant challenges Microsoft is currently going through. Microsoft's Facing Significant Challenges The same has been true for several decades—Microsoft doesn't necessarily have the best solution for every enterprise need, but because of its reliability and unparalleled distribution, Microsoft's "good enough" solutions always won. This time, it might be different. Losing The Enterprise AI Market What we're seeing is that Anthropic's enterprise business has grown at the fastest pace in history, as ARR more than tripled in the span of four months. Meanwhile, Microsoft's AI solutions are essentially unused . Microsoft Q2'26 Presentation Indeed, Microsoft's enterprise 365 business has seen slowing revenues and seat growth, despite significant price increases over the past quarters. The truth is...
tupungato/iStock Editorial via Getty Images Microsoft Corporation ( MSFT ) shares are going through one of their worst selloffs in recent memory, down 31% over the past six months. For a company with a perfect track record and seemingly impeccable fundamentals, the natural response from investors is to assume a V-shaped recovery is just a matter of time. However, I argue that investors shouldn't t...
tupungato/iStock Editorial via Getty Images Microsoft Corporation ( MSFT ) shares are going through one of their worst selloffs in recent memory, down 31% over the past six months. For a company with a perfect track record and seemingly impeccable fundamentals, the natural response from investors is to assume a V-shaped recovery is just a matter of time. However, I argue that investors shouldn't take such a recovery for granted, as Microsoft is facing significant challenges in its most important business lines. As Anthropic ( ANTHRO ) surpasses a $30 billion run rate , Microsoft investors should realize it won't close the gap so easily, which is why I'm downgrading the stock. On Surface, Microsoft Fundamentals Remain Impeccable In the December quarter, Microsoft delivered strong results , with 15% revenue growth, relatively stable gross margins, and strong operating margin expansion. Microsoft Q2'26 Presentation On the product level, we saw deceleration across most critical product lines, including 365 commercial and Azure: Created by the author based on Microsoft reports. Overall, Microsoft did deliver a beat , but investors saw through the headline numbers and identified the significant challenges Microsoft is currently going through. Microsoft's Facing Significant Challenges The same has been true for several decades—Microsoft doesn't necessarily have the best solution for every enterprise need, but because of its reliability and unparalleled distribution, Microsoft's "good enough" solutions always won. This time, it might be different. Losing The Enterprise AI Market What we're seeing is that Anthropic's enterprise business has grown at the fastest pace in history, as ARR more than tripled in the span of four months. Meanwhile, Microsoft's AI solutions are essentially unused . Microsoft Q2'26 Presentation Indeed, Microsoft's enterprise 365 business has seen slowing revenues and seat growth, despite significant price increases over the past quarters. The truth is...
It might have made a good April Fool’s joke. Unfortunately, it was not. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the F***in’ Strait, you crazy b*****ds, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP.” Really, who writes like that? Even a tinpot dictator from some godforsaken hel...
It might have made a good April Fool’s joke. Unfortunately, it was not. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the F***in’ Strait, you crazy b*****ds, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP.” Really, who writes like that? Even a tinpot dictator from some godforsaken hellhole would have written a less expletive-laden post to retain some personal dignity as a leader of...