Sergey Lifanov/iStock via Getty Images Brilliant Earth ( BRLT ) is a very strange case. Sitting on almost $60 million in cash, nearly asset-light, with zero long-term debt, and founders still controlling the business, the company continues to trade like a falling knife. Even though it's not nearly as profitable as peers like Signet Jewelers ( SIG ) and Pandora ( PNDZF ), you can't say the market d...
Sergey Lifanov/iStock via Getty Images Brilliant Earth ( BRLT ) is a very strange case. Sitting on almost $60 million in cash, nearly asset-light, with zero long-term debt, and founders still controlling the business, the company continues to trade like a falling knife. Even though it's not nearly as profitable as peers like Signet Jewelers ( SIG ) and Pandora ( PNDZF ), you can't say the market didn't see potential in the IPO. Brilliant even traded at almost 100x earnings in FY 2021. Seeking Alpha Time passed, and they lost over 90% of their value. Gold skyrocketed, and management had to shift their focus to fine jewelry. It's actually a good strategy. I even commented on it in my previous articles, but suddenly they decided to open showrooms (almost 50 in high-end areas like Beverly Hills), and operating costs increased (SG&A increased from ~38% to almost 60% of revenue at TTM). Showroom in Beverly Hills (Brilliant Earth) For me, it's not special dividends that would save Brilliant Earth, but M&A. And I'm not just talking about them scooping up some operators in the middle-market to gain scale and grow again. Sharks like Signet could buy it for a huge premium, as they did with Blue Nile a few years ago. That's precisely why I've seen Brilliant Earth as a very tactical ' Hold ' ever since. Cheap, but not really worth getting into. But is it still worth holding if you're already a shareholder? I want to resume my coverage of this totally undercover micro-cap to try and answer that. Why BRLT Is Not Institutionally Friendly One of my hunches here is that part of the discount Brilliant Earth is trading at has to do with its capital structure. I don't know if I've told you this before, but Brilliant Earth has three classes of shares. Two of them have only 1 vote each (Class A and Class B), while Class C (held only by the founder) has 10 votes. So, if you consider that almost 85 million shares (more than 80% of the shares) have less than half of all the votes, you can se...
核心要点 爱彼上月官宣与斯沃琪跨界联名，市场一度担忧品牌贬值、腕表行情走弱； 腕表数据平台 WatchCharts 数据显示，爱彼二手腕表成交价整体企稳； 挂绳式彩色腕表 Royal Pop 系列是爱彼着眼长期、培育新一代藏家的战略布局。 爱彼 × 斯沃琪联名 Royal Pop 系列腕表 知名奢华腕表品牌爱彼上月官宣携手斯沃琪推出联名产品时，不少爱彼藏家曾悲观看空品牌前景。 说唱歌手 DDG 直...
核心要点 爱彼上月官宣与斯沃琪跨界联名，市场一度担忧品牌贬值、腕表行情走弱； 腕表数据平台 WatchCharts 数据显示，爱彼二手腕表成交价整体企稳； 挂绳式彩色腕表 Royal Pop 系列是爱彼着眼长期、培育新一代藏家的战略布局。 爱彼 × 斯沃琪联名 Royal Pop 系列腕表 知名奢华腕表品牌爱彼上月官宣携手斯沃琪推出联名产品时，不少爱彼藏家曾悲观看空品牌前景。 说唱歌手 DDG 直言，倘若本次联名规模持续扩张、拉低品牌格调，他会出手变卖自己价值 18 万美元的爱彼腕表；一众钟表爱好者社群成员警示，这款位列腕表 “三大神牌”、以复杂机芯与独创设计著称的高端品牌，如今开始做塑胶平价腕表。 但联名 Royal Pop 系列上市数周后，爱彼二手腕表市场价格走势稳健。尽管此前业内普遍预判品牌稀缺性与品牌价值大幅缩水，业内专家却表示，爱彼的品牌底色并未动摇。 腕表行情数据平台 WatchCharts 合作负责人哈姆扎・马苏德表示：“从价格数据来看，这款联名新品的发售 尚未对爱彼主流腕表行情形成明显冲击 。” 该平台长期追踪爱彼全系列热门款式二手报价。 马苏德称，虽然产品面世时间尚短，但这款配色鲜亮、搭配挂绳佩戴的 Royal Pop，是爱彼布局长远、吸引新生代收藏群体的关键一步。 爱彼招牌产品皇家橡树公价普遍超 5 万美元，热门款常年需要排队数年才能入手；而 Royal Pop 系列降低品牌入手门槛，触达年轻消费群体与女性客群。 “市场普遍认清，该联名产品并不会实质性损耗爱彼的品牌内核。这款产品定位并非常规腕戴腕表，自然不会冲击皇家橡树原有收藏圈层的价值体系。” 不过爱彼仍面临行业环境带来的挑战。 二手腕表市场行情 疫情期间奢华腕表经历一轮投机泡沫后，全行业在 2022 年行情大幅跳水，直至近期才逐步筑底企稳。 WatchCharts 编制的爱彼指数（收录品牌 30 款主力型号）较高点回落约 40%；腕表三巨头剩余两家劳力士、百达翡丽的二手价格同样较历史峰值走低。 平台数据显示今年一季度，爱彼二手均价环比上涨 2%，劳力士涨幅 1.7%，百达翡丽上涨 3%；爱彼库存周转周期长于另外两大品牌，侧面反映供需错配问题更为突出。 马苏德坦言：“现阶段爱彼的行情修复力度不及另外两大顶奢腕表品牌。” 但 Royal Pop 系列为爱彼换来金钱难买到的收获：在社交媒体与资讯平...
Former US first lady says she has sat ‘at every powerful table’ and not met a single white man with such doubts White men do not have to worry about impostor syndrome, according to Michelle Obama, who said she had sat “at every powerful table there is” and not found one. The former US first lady told SXSW London that she wanted to “demystify” what it was like to sit in elite meetings, which she sa...
Former US first lady says she has sat ‘at every powerful table’ and not met a single white man with such doubts White men do not have to worry about impostor syndrome, according to Michelle Obama, who said she had sat “at every powerful table there is” and not found one. The former US first lady told SXSW London that she wanted to “demystify” what it was like to sit in elite meetings, which she said were often populated by people from diverse backgrounds who felt like outsiders. Continue reading...
HONG KONG, June 02, 2026--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of FuSure Reinsurance Company Limited (FuSure) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.
HONG KONG, June 02, 2026--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of FuSure Reinsurance Company Limited (FuSure) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.
Vladimir Zakharov A screen of U.S. healthcare stocks with market capitalizations above $10 billion highlights several large-cap companies, including Agilent Technologies ( A ), Danaher Corporation ( DHR ), and GE HealthCare Technologies ( GEHC ), among the market's most expensive names based on valuation grades. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to...
Vladimir Zakharov A screen of U.S. healthcare stocks with market capitalizations above $10 billion highlights several large-cap companies, including Agilent Technologies ( A ), Danaher Corporation ( DHR ), and GE HealthCare Technologies ( GEHC ), among the market's most expensive names based on valuation grades. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to others in its specific sector. The score is calculated using a comprehensive combination of underlying valuation metrics—including P/E, PEG, EV/Sales, EV/EBITDA, EV/EBIT, Price/Sales, Price/Book, Price/Cash Flow, and dividend yield—factoring in both current and forward estimates. The overall valuation grade is derived from a comparison of all underlying metrics and reflects how attractively the stock is priced compared to its sector peers. Most expensive U.S. healthcare stock by valuation grade (market cap $10B and above): Agilent Technologies ( A ) : Valuation Grade F Danaher Corporation ( DHR ) : Valuation Grade F GE HealthCare Technologies ( GEHC ) : Valuation Grade F Eli Lilly and Company ( LLY ) : Valuation Grade F Natera ( NTRA ) : Valuation Grade F Revvity ( RVTY ) : Valuation Grade F Summit Therapeutics ( SMMT ) : Valuation Grade F Stryker Corporation ( SYK ) : Valuation Grade F Thermo Fisher Scientific ( TMO ) : Valuation Grade F West Pharmaceutical Services ( WST ) : Valuation Grade F More on Agilent Technologies, Danaher, etc. Summit Therapeutics Inc. (SMMT) Discusses Plenary Session Updates and Recent Clinical Data Following Major Oncology Congress Transcript GE HealthCare Technologies: Doing Some Bottom Fishing Eli Lilly and Company (LLY) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Summit falls despite phase 3 ivonescimab data in NSCLC West Pharmaceutical Services names Michel Lagarde as next CEO, effective Aug. 31
Chinese researchers have developed an environmentally friendly method to extract caesium from brine, a process they say could boost China’s supply of the strategic resource. Caesium, a rare metal, is a critical strategic resource used in satellite atomic clocks, missile thermal imaging sensors and advanced speciality glass. China and the United States are the top consumers of caesium, yet both rel...
Chinese researchers have developed an environmentally friendly method to extract caesium from brine, a process they say could boost China’s supply of the strategic resource. Caesium, a rare metal, is a critical strategic resource used in satellite atomic clocks, missile thermal imaging sensors and advanced speciality glass. China and the United States are the top consumers of caesium, yet both rely heavily on imports. It is primarily found in the Earth’s crustal ores as well as salt lake brines...
High-profile reporters reject accusations of revelling in drama, saying politicians are the people ‘addicted to crisis’ Politicians, not reporters, are responsible for driving a decade of chaos in Westminster, prominent political editors have said, after accusations that the media have become addicted to political crises. Britain could yet appoint its seventh prime minister since the Brexit vote 1...
High-profile reporters reject accusations of revelling in drama, saying politicians are the people ‘addicted to crisis’ Politicians, not reporters, are responsible for driving a decade of chaos in Westminster, prominent political editors have said, after accusations that the media have become addicted to political crises. Britain could yet appoint its seventh prime minister since the Brexit vote 10 years ago, after the turmoil that has engulfed Keir Starmer’s leadership since Labour’s May election results. Continue reading...
Always wondered what everyday stuff celebrities buy, where they shop for food and the basics they scrimp on? The former footballer talks Lego, Rich Tea biscuits and spending money on experiences with the Filter • Don’t get the Filter delivered to your inbox? Sign up here Karen Carney is England’s fourth most-capped football player, competing at four World Cups, four European Championships and the ...
Always wondered what everyday stuff celebrities buy, where they shop for food and the basics they scrimp on? The former footballer talks Lego, Rich Tea biscuits and spending money on experiences with the Filter • Don’t get the Filter delivered to your inbox? Sign up here Karen Carney is England’s fourth most-capped football player, competing at four World Cups, four European Championships and the London Olympics before retiring in 2019. In 2022, she began leading a landmark government review into the Future of Women’s Football in the UK, the recommendations of which were successfully backed by the government in 2023. She was part of the first all-female punditry team for ITV at the men’s World Cup 2022, led ITV’s coverage of the men’s Euros in 2024 and contributed analysis to the women’s Euros in 2025. Continue reading...
Investigation reveals regulator let firms off the hook on cleanup bonds despite backlog that will take decades to clear When Christiaan van Woudenberg moved to Erie, Colorado , in 2007, he never imagined he would become an anti-fracking activist. He simply thought he was buying his dream home – a four-bedroom with a panoramic mountain view, 30 minutes north of downtown Denver . Then, in 2014, the ...
Investigation reveals regulator let firms off the hook on cleanup bonds despite backlog that will take decades to clear When Christiaan van Woudenberg moved to Erie, Colorado , in 2007, he never imagined he would become an anti-fracking activist. He simply thought he was buying his dream home – a four-bedroom with a panoramic mountain view, 30 minutes north of downtown Denver . Then, in 2014, the drilling started. Oil and gas rigs sprang up, some just 800ft (240m) from his bedroom window. The dream turned to nightmare: loud noises rumbled all night long, and the air stank like exhaust. Neighbors started getting headaches and nosebleeds , and Van Woudenberg developed new respiratory issues. He kept his windows shut and worried about his daughters going outside. Continue reading...
We have selected seven of the most interesting and important news stories covering global relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Brussels agrees on tougher China trade policy, as Beijing vows retaliation The European Commission agreed on a tough new approach to trade relations with China in May, at a rare Beijing-focused d...
We have selected seven of the most interesting and important news stories covering global relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Brussels agrees on tougher China trade policy, as Beijing vows retaliation The European Commission agreed on a tough new approach to trade relations with China in May, at a rare Beijing-focused debate among Brussels’ leadership. The trade-focused orientation debate is seen internally as the...
We have selected seven of the most interesting and important news stories covering Latin American relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. US casts Cuba as China-linked security threat while still pushing for talks One day after the United States brought criminal charges against former Cuban leader Raul Castro over the 1996 ...
We have selected seven of the most interesting and important news stories covering Latin American relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. US casts Cuba as China-linked security threat while still pushing for talks One day after the United States brought criminal charges against former Cuban leader Raul Castro over the 1996 shooting down of two civilian aircraft, President Donald Trump and Secretary of State Marco Rubio...
Shake Shack ( SHAK ) lowered its Q2 and full-year outlook on Tuesday, citing macroeconomic uncertainty, competitive pressures, and the related impact on recent trends. CEO Rob Lynch stressed that core business drivers remain solid for the restaurant operator and reiterated confidence in its long-term strategy. For Q2, Shake Shack ( SHAK ) now sees revenue of $415M to $420M, down from the prior exp...
Shake Shack ( SHAK ) lowered its Q2 and full-year outlook on Tuesday, citing macroeconomic uncertainty, competitive pressures, and the related impact on recent trends. CEO Rob Lynch stressed that core business drivers remain solid for the restaurant operator and reiterated confidence in its long-term strategy. For Q2, Shake Shack ( SHAK ) now sees revenue of $415M to $420M, down from the prior expectation of $424M to $428M. Same-shack sales growth expectations were trimmed to +2.5% to +3.0% from +3.0% to +5.0%, and restaurant-level profit margin guidance was lowered to 22.0% to 23.0% from 24.0% to 24.5%. Company-operated openings are now expected to be about 16, down from a prior range of 16 to 19, while licensed openings guidance is unchanged at approximately 8. For the full year 2026, restaurant-level profit margin guidance was reduced to 22.0% to 23% from a prior expectation of 23.0% to 23.5%. Adjusted EBITDA is now expected to be $225M to $235M, down from the prior forecast of $230M to $245M. Net income is now expected to land in a range of $45M to $55M vs. $50M to $60M prior guidance. Shares of Shake Shack ( SHAK ) were down 10.6% in early trading on Tuesday. More on Shake Shack Something's Gone Wrong At Shake Shack. Here's How To Fix It Shake Shack: Worth Buying The Dip As Sales Outperform Restaurant Peers Shake Shack Inc. (SHAK) Q1 2026 Earnings Call Transcript Did value meals kill the smashburger star? Shake Shack signals 2026 outlook with 60 to 65 new company-operated Shacks and $230M to $245M adjusted EBITDA
Lance Roberts of RIA Advisors believes investors are underestimating a risk that has appeared more than once throughout market history. Speaking on a recent episode of Thoughtful Money with Adam Taggart, Roberts delivered a stark warning: “We will get into a lost decade again. That’s almost a guarantee.” Roberts’ argument is not that a crash is imminent. ... ‘We Will Get Into a Lost Decade Again. ...
Lance Roberts of RIA Advisors believes investors are underestimating a risk that has appeared more than once throughout market history. Speaking on a recent episode of Thoughtful Money with Adam Taggart, Roberts delivered a stark warning: “We will get into a lost decade again. That’s almost a guarantee.” Roberts’ argument is not that a crash is imminent. ... ‘We Will Get Into a Lost Decade Again. That’s Almost a Guarantee,’ Says Top Portfolio Strategist
At $85.85, Netflix (NASDAQ:NFLX) looks attractively positioned. The streaming giant trades 15% below its 52-week high and just above its $75.01 52-week low, even as the company raised free cash flow guidance and accelerated its advertising ramp. Netflix is the dominant subscription streaming platform with more than 325 million paid memberships and a rapidly scaling ... Netflix Nearing 52-Week Low:...
At $85.85, Netflix (NASDAQ:NFLX) looks attractively positioned. The streaming giant trades 15% below its 52-week high and just above its $75.01 52-week low, even as the company raised free cash flow guidance and accelerated its advertising ramp. Netflix is the dominant subscription streaming platform with more than 325 million paid memberships and a rapidly scaling ... Netflix Nearing 52-Week Low: Buy, Sell or Hold?
Corn price action is fractionally to 2 cents lower so far on Tuesday morning. Futures posted losses of 2 to 3 cents in the front months, with a few deferred contracts fractionally to 1 ½ cents higher. Open interest was up 11,996 contracts on the day, implying new selling interest....
Corn price action is fractionally to 2 cents lower so far on Tuesday morning. Futures posted losses of 2 to 3 cents in the front months, with a few deferred contracts fractionally to 1 ½ cents higher. Open interest was up 11,996 contracts on the day, implying new selling interest....
We recently compiled a list of the 11 Most Undervalued Pharma Stocks to Invest In. HUTCHMED (China) Limited (NASDAQ:HCM) is one of the most undervalued pharma stocks. TheFly reported on May 28 that Morgan Stanley upgraded HCM to Equal Weight from Underweight and set a new price target of $13.60, slightly below the prior $13.75 […]
We recently compiled a list of the 11 Most Undervalued Pharma Stocks to Invest In. HUTCHMED (China) Limited (NASDAQ:HCM) is one of the most undervalued pharma stocks. TheFly reported on May 28 that Morgan Stanley upgraded HCM to Equal Weight from Underweight and set a new price target of $13.60, slightly below the prior $13.75 […]
Federal Reserve Bank of Cleveland President Beth Hammack said it’s reasonable to keep rates steady for now due to uncertainties around the economic outlook, but “it may soon be appropriate for policy to act to address the growing risks of persistently elevated inflation.” Hammack spoke Tuesday at an event in Cleveland. (Source: Bloomberg)
Federal Reserve Bank of Cleveland President Beth Hammack said it’s reasonable to keep rates steady for now due to uncertainties around the economic outlook, but “it may soon be appropriate for policy to act to address the growing risks of persistently elevated inflation.” Hammack spoke Tuesday at an event in Cleveland. (Source: Bloomberg)
After the conviction of Henry Nowak’s killer, the right is embracing racialised language. This tragedy is now just part of a political tussle Joe Mulhall is director of research at the anti-fascism organisation Hope Not Hate The video of the murder of 18-year-old Henry Nowak at the hands of Vickrum Digwa in Southampton is horrifying. But Nigel Farage’s decision to respond to these events by callin...
After the conviction of Henry Nowak’s killer, the right is embracing racialised language. This tragedy is now just part of a political tussle Joe Mulhall is director of research at the anti-fascism organisation Hope Not Hate The video of the murder of 18-year-old Henry Nowak at the hands of Vickrum Digwa in Southampton is horrifying. But Nigel Farage’s decision to respond to these events by calling for “pure cold rage” and insisting we recognise that “white lives matter” is a worrying sign of an increasingly racialised turn in the politics of the British right. This shift has not taken place in a vacuum. For a year now, while progressives have worried about how to beat Reform, Farage’s party has faced a new threat that has come not from the left, but a party even further to the right. Restore Britain, a party founded by former Reform MP Rupert Lowe, has been deeply critical of Farage’s outfit for not being radical enough. These criticisms have put pressure on Reform – and they may push British politics even further right. Joe Mulhall is director of research at the anti-fascism organisation Hope Not Hate Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
US natural gas futures declined as domestic gas flows to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day. The reduction is concentrated at Sabine Pass LNG in Louisiana and Corpus Christi LNG in Texas. Lower gas flows to terminals leaves more supplies in the US ahead of an expected uptick in gas-fired power demand as consumers ramp up air-condition...
US natural gas futures declined as domestic gas flows to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day. The reduction is concentrated at Sabine Pass LNG in Louisiana and Corpus Christi LNG in Texas. Lower gas flows to terminals leaves more supplies in the US ahead of an expected uptick in gas-fired power demand as consumers ramp up air-conditioners in the summer. Domestic stockpiles are already above the five-year average. At the same time, LNG-related losses could be constrained as “pipeline maintenance limited to the short term may allow intake to rebound,” said Eli Rubin , senior energy analyst at EBW Analytics Group. Futures for July delivery -4c, or -1.3%, to $3.139/mmbtu on Nymex, as of 9:42am ET Weather: Forecasts were unchanged, with above-average temperatures expected across the Midwest and interior West through June 11: Commodity Weather Group See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Tuesday ~109.1 bcf/day, or +1.9% y/y Lower-48 total gas demand on Tuesday ~69.3 bcf/day, or +4.8% y/y Dry gas exports to Mexico on Tuesday ~7.9 bcf/day, or +0.4% w/w Estimated gas flows to LNG export terminals on Tuesday ~16.9 bcf/day, or -7.2% w/w Gas Market News: European Gas Edges Down as Uncertainty Lingers Over US-Iran Deal LNG WRAP: Asian Imports Rise as Region Remains More Profitable Malaysia LNG Exports Match US Growth in May: BNEF Chart Sheinbaum Leans on Private Investors to Fix Blackout-Prone Grid