Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions of euros from a museum near the city of Parma in northern Italy. (Image credit: Domenico Stinellis)
Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions of euros from a museum near the city of Parma in northern Italy. (Image credit: Domenico Stinellis)
Practice of using apartments to store relatives’ ashes has risen as rapid urbanisation and aging population increases competition for cemetery plots China is introducing a law to stop people storing the ashes of their dead relatives in empty high-rise flats rather than paying steep costs for increasingly scarce cemetery plots. China’s new funeral management legislation will prohibit the use of “re...
Practice of using apartments to store relatives’ ashes has risen as rapid urbanisation and aging population increases competition for cemetery plots China is introducing a law to stop people storing the ashes of their dead relatives in empty high-rise flats rather than paying steep costs for increasingly scarce cemetery plots. China’s new funeral management legislation will prohibit the use of “residential housing specifically for the purpose of storing cremated remains” and the burial of corpses or construction of tombs in “areas other than public cemeteries”. Continue reading...
primeimages/iStock via Getty Images Willdan Group ( WLDN ) valuations have reset meaningfully toward historical highs seen pre-rally (levels seen last in 2023-24). The concerns that have led to this valuation reset are primarily a risk-off sentiment across the board in growth and high-valuation stocks and Willdan's own near-term growth normalization outlook. The near-term growth normalization is o...
primeimages/iStock via Getty Images Willdan Group ( WLDN ) valuations have reset meaningfully toward historical highs seen pre-rally (levels seen last in 2023-24). The concerns that have led to this valuation reset are primarily a risk-off sentiment across the board in growth and high-valuation stocks and Willdan's own near-term growth normalization outlook. The near-term growth normalization is off a high base, though, and is also driven by timing effects more than by any structural weakness. In fact, the secular tailwinds from electricity demand grid modernization, especially in an era of data center-driven demand, are very much intact. Late-cycle sentiments applicable to semis and other AI infrastructure plays are less applicable here as energy needs are a long lead item and look at long-term needs rather than cyclical troughs. Overall, earnings growth prospects are still strong in my view, and this is additionally supported by earnings quality improvements (supported by margin expansion, operating leverage, and a mix shift toward higher-value energy services). Even if there is moderate multiple compression from here, the earnings growth should be able to generate decent returns for fresh entries. Valuations Have Reset Meaningfully The forward EV to EBITDA ratio has reset significantly from well above 20x levels to ~13.5x levels now. The prices still look elevated, as the 3-year chart below shows, but that has more to do with earnings catch-up than multiple expansion. The forward EV to EBITDA ratio was previously seen in the low double digits before the recent run-up in 2025 - around ~13x in late 2024 and ~11x in late 2023. So, from a valuation perspective, Willdan is no longer pricing in hypergrowth or any narrative excess - unless markets see late-cycle characteristics in the stock (which could push the ratio toward mid- to high-single-digits too, going by historical levels in the past 2-3 years). Data by YCharts Data by YCharts I see fewer concerns around stag...
John B. Sanfilippo & Son ( JBSS ) declares $1.50/share special dividend . Payable May 21; for shareholders of record April 27; ex-div April 27. See JBSS Dividend Scorecard, Yield Chart, & Dividend Growth. More on John B. Sanfilippo & Son John B. Sanfilippo & Son Is A Buy After The Rally John B. Sanfilippo & Son, Inc. (JBSS) Q2 2026 Earnings Call Transcript JBSS outlines July 2026 bar production la...
John B. Sanfilippo & Son ( JBSS ) declares $1.50/share special dividend . Payable May 21; for shareholders of record April 27; ex-div April 27. See JBSS Dividend Scorecard, Yield Chart, & Dividend Growth. More on John B. Sanfilippo & Son John B. Sanfilippo & Son Is A Buy After The Rally John B. Sanfilippo & Son, Inc. (JBSS) Q2 2026 Earnings Call Transcript JBSS outlines July 2026 bar production launch while expanding margin initiatives and capex investments Seeking Alpha’s Quant Rating on John B. Sanfilippo & Son Historical earnings data for John B. Sanfilippo & Son
HOT TOPICS China targets excessive competition in tech and green sectors The State Administration for Market Regulation issued a notice aimed at preventing excessive competition in key sectors and fields, including the platform economy, solar power, lithium batteries, and new-energy vehicles. The regulator will strictly identify and penalize platform companies that use search rankings and algorith...
HOT TOPICS China targets excessive competition in tech and green sectors The State Administration for Market Regulation issued a notice aimed at preventing excessive competition in key sectors and fields, including the platform economy, solar power, lithium batteries, and new-energy vehicles. The regulator will strictly identify and penalize platform companies that use search rankings and algorithmic controls to force or covertly force merchants on their platforms to sell goods below cost.