(RTTNews) - BT Brands, Inc. (BTBD), an operator of fast-food restaurants, Tuesday announced that its proposed merger partner Aero Velocity Inc. has entered a strategic partnership with AC Future, Inc. to jointly develop a Mobile Drone Launch Vehicle platform for U.S. military and
(RTTNews) - BT Brands, Inc. (BTBD), an operator of fast-food restaurants, Tuesday announced that its proposed merger partner Aero Velocity Inc. has entered a strategic partnership with AC Future, Inc. to jointly develop a Mobile Drone Launch Vehicle platform for U.S. military and
Crovik Media/iStock via Getty Images Investment Thesis When I last wrote about Vistance Network ( VISN ) [formally CommScop-COMM], and later the RemainCo structure that become Vistance, my thesis was mainly about hidden finally surfacing. First, it was the disconnect between operating reality and market perception. Then it became the deal logic . Then it became the cleaner RemainCo. And perhaps th...
Crovik Media/iStock via Getty Images Investment Thesis When I last wrote about Vistance Network ( VISN ) [formally CommScop-COMM], and later the RemainCo structure that become Vistance, my thesis was mainly about hidden finally surfacing. First, it was the disconnect between operating reality and market perception. Then it became the deal logic . Then it became the cleaner RemainCo. And perhaps this time I think the angle is quite different. I believe that VISN deserves Buy rating because the market is still treating the company like a post transaction story. While the company is quietly becoming a more focused edge connectivity platform with multiple paths to growth. In my last piece, I said that the company would emerge as a leaner, virtually debt free RemainCo focused on broadband access and enterprise WiFi. And that was actually a right call that I believe I made back then. But now I think the more interesting point is what focus can actually produce. VISN reported its 4th quarter [ Q4 2025 earnings ] net sales of $514.5Mn. This is a 23.9% y/y increase and a full year 2025 net sales of $1.93Bn [an increase of 39.7%]. What is more important to me is that the company's management guided that 2026 core adjusted EBITDA would be between $350Mn and $400Mn. I also noted that the company is well positioned as it continues executing strategic initiatives in Aurora and RUCKUS. And this tells me that this is no just about surviving anymore. It is actually about building operating density in two businesses that both sit in attractive parts of the network stack. The reason why I am saying this is because the demand backdrop is quite decent I would say. According to IDC , the worldwide enterprise WLAN market grew 13.9% y/y in the 4th quarter of 2025 to $2.9Bn. And WIFI accounted for 39.7% of dependent access point segment revenue, an increase of 10.25% from previous year. On the other side, Dell'Oro also said that WIFI is expected to drive double digit enterprise WLAN growth....
StevanZZ/iStock via Getty Images I’ve covered ONEOK ( OKE ) before , where I outlined the company’s background in detail and explained why I considered it an attractive buy. In my last article I upgraded the recommendation to a strong buy and since then it has returned a 20%; however, I was disappointed with the 2026 guidance and I am downgrading it to buy even expecting tailwinds from the elevate...
StevanZZ/iStock via Getty Images I’ve covered ONEOK ( OKE ) before , where I outlined the company’s background in detail and explained why I considered it an attractive buy. In my last article I upgraded the recommendation to a strong buy and since then it has returned a 20%; however, I was disappointed with the 2026 guidance and I am downgrading it to buy even expecting tailwinds from the elevated oil price. Background ONEOK is one of the largest diversified midstream operators in the US with operations across natural gas liquids, natural gas, crude and refined products with about 60,000 miles of pipelines, around 35 natural gas processing plants and 45 million barrels of crude storage. Investor Presentation Another important aspect of the business is its structure. Around 90% of earnings are fee based meaning revenue depends mainly on volumes transported through its infrastructure rather than commodity prices themselves. This makes the company significantly more stable than upstream producers. On the other hand, it will benefit less from prices increases like the WTI surge due to the Iran war. To further provide stability, the company is quite diversified with Natural gas being the biggest contributor based on its 2026 guidance (37% weight taking into consideration both Natural Gas Gathering and Processing and Natural Gas Pipelines), followed by Natural Gas Liquids with a 35% weight and finally Refined Products and Crude with about 28%. Investor Presentation This mix is more balanced than in the past. Historically ONEOK was heavily focused on NGL infrastructure but the Magellan acquisition significantly increased its exposure to crude and refined products making the company less dependent on a single segment. The recent acquisitions provided an important source of synergies. Management commented that had already achieved around $475 million in synergies and expects to reach about $625 million by the end of 2026. Investor Presentation Moreover, the company has seve...
BalkansCat/iStock Editorial via Getty Images Austria-based BAWAG ( BWAGF ) ( BAWAY ) is set to acquire the entire issued and to-be-issued share capital of Permanent TSB ( ILPMF ) ( ILPMY ) for ~€1.62B, or about $1.91B. The total consideration comes to €2.97 per share. The Minister for Finance of Ireland holds ~57.5% of the shares in PTSB, and the deal is said to pave the way for the Irish governme...
BalkansCat/iStock Editorial via Getty Images Austria-based BAWAG ( BWAGF ) ( BAWAY ) is set to acquire the entire issued and to-be-issued share capital of Permanent TSB ( ILPMF ) ( ILPMY ) for ~€1.62B, or about $1.91B. The total consideration comes to €2.97 per share. The Minister for Finance of Ireland holds ~57.5% of the shares in PTSB, and the deal is said to pave the way for the Irish government to exit its stake. BAWAG sees Ireland as an attractive market, and the acquisition is expected to grow the company's balance sheet to over €100B in assets and five million customers across seven countries. The transaction is expected to result in over 20% EPS accretion after three years. More on BAWAG Group AG, Permanent TSB Group Holdings plc Permanent TSB Group Holdings plc (ILPMY) Q4 2025 Earnings Call Transcript Permanent TSB Group Holdings plc 2025 Q4 - Results - Earnings Call Presentation Permanent TSB Group Holdings plc (ILPMY) Shareholder/Analyst Call Transcript Historical earnings data for BAWAG Group AG Dividend scorecard for BAWAG Group AG
PeterHermesFurian/iStock via Getty Images By Zain Vawda Daily Time Frame: Confronting a Multi-Month Bearish Trendline The daily chart for silver ( XAGUSD:CUR ) presents a fascinating technical battleground. After a period of significant volatility earlier in 2026, the price action has stabilized into a recovery phase that is now testing a major structural hurdle. The Trendline Constraint: The prim...
PeterHermesFurian/iStock via Getty Images By Zain Vawda Daily Time Frame: Confronting a Multi-Month Bearish Trendline The daily chart for silver ( XAGUSD:CUR ) presents a fascinating technical battleground. After a period of significant volatility earlier in 2026, the price action has stabilized into a recovery phase that is now testing a major structural hurdle. The Trendline Constraint: The primary focus on the daily is the long-term descending trendline (navy blue) originating from the highs of late January. Price is currently attempting a sustained breakout above this line, which has historically acted as a ceiling for upside momentum. Moving Average Confluence: Silver is currently trading above its 200-day MA (yellow). However, the 100-day MA (purple) remains above current prices, with a daily candle close above a sign that the long-term bull trend remains very much intact. Support and Resistance: The psychological level of $75.00 has shifted from resistance to support. To the upside, the next major target for bulls is the 80.00 handle, followed by the technical resistance zone at 82.16. Momentum: The RSI is currently just above the 50 neutral level, suggesting that the bullish momentum may be returning. Silver (XAG/USD) Daily Chart, April 14, 2026 (Source: TradingView.com) H4 Time Frame: Bullish Momentum Gains Traction Moving down to the H4 chart, the bullish narrative becomes more pronounced. We are seeing a classic stair-stepping pattern of higher highs and higher lows. Breakout Confirmation: The H4 chart shows a decisive break above the 75.00 horizontal level. This area is now bolstered by the fact that price continues to hold above immediate dynamic support provided by the 100-day MA. SMA Alignment: The MAs on the H4 are beginning to tilt to the upside, with the 200-day MA just resting above current prices. A break above this 200-day MA at 78.46 will reinforce the bullish narrative and bring the 80.00 level and beyond into focus. Indicator Outlook: The RSI...
keni1/iStock via Getty Images Yancoal Australia ( YACAF ) said Tuesday it agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland from private equity firm EMR Capital and Alamtri Resources Indonesia for as much as $2.4B. The deal is comprised of an upfront cash payment of $1.85B on completion and up to $550M in additional annual payments over five years, subject to certain co...
keni1/iStock via Getty Images Yancoal Australia ( YACAF ) said Tuesday it agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland from private equity firm EMR Capital and Alamtri Resources Indonesia for as much as $2.4B. The deal is comprised of an upfront cash payment of $1.85B on completion and up to $550M in additional annual payments over five years, subject to certain conditions. The company, which is controlled by China's Yankuang Energy, said the acquisition would strengthen its position in Australia's Bowen Basin, with Kestrel located near Yancoal’s ( YACAF ) existing Middlemount joint venture and Yarrabee operation. Kestrel, Australia's largest producing underground coal mine, recorded saleable production of 5.9M tons in 2025, the company said. EMR and Alamtri had bought the 80% stake in Kestrel from Rio Tinto in 2018 for $2.25B. More on Yancoal Australia Yancoal Australia: Still A 'Buy' Despite FY 2025 Earnings Disappointment Yancoal: Likely Acquisition Of Premium Metallurgical Coal Assets Makes It Attractive Yancoal Australia Q4 2025 Earnings Call Transcript
Robert Way/iStock Editorial via Getty Images Introduction The last time I covered LVMH Moët Hennessy - Louis Vuitton ( LVMUY ) ( LVMHF ), I highlighted their resilient performance in 2025 despite the macro pressure that dragged on for quite some time, impacted by macro headwinds but still trading at a valuation that didn’t offer a good enough margin of safety. With the stock now down ~16% since co...
Robert Way/iStock Editorial via Getty Images Introduction The last time I covered LVMH Moët Hennessy - Louis Vuitton ( LVMUY ) ( LVMHF ), I highlighted their resilient performance in 2025 despite the macro pressure that dragged on for quite some time, impacted by macro headwinds but still trading at a valuation that didn’t offer a good enough margin of safety. With the stock now down ~16% since covering them back in late January and ~25% from December, LVMH is upgraded to Buy once again, backed by a more attractive valuation that offers a better margin of safety, while the company itself remains solid and continues to navigate the current environment well. Still Solid Despite Macro Pressure LVMH Moët Hennessy - Louis Vuitton IR Despite the current “global environment impacted by the conflict in the Middle East,” as they say, LVMH’s Q1 results were not that bad, with a 1% increase in organic revenue that was much more than offset by the 7% decline coming from the currency effects, reaching €19.12 billion. As they highlight, their global performance was very mixed, with a 3% drop in Europe and Japan but a 3% increase in the US and 7% growth in Asia (excluding Japan), with solid growth in China, which benefited from the Chinese New Year. LVMH Moët Hennessy - Louis Vuitton IR This helped boost the performance in their Wine & Spirits category, which recorded a 5% organic growth (but was still down 2% on a reported basis, as the FOREX impact was high on paper), as well as a strong 7% organic increase in Watches & Jewelry and 4% in Selective Retailing, while their flagship Fashion & Leather Goods nearly offset this through a 2% decline. Note that the company only reports “partial” updates in Q1 and Q3 instead of a classic report, but these still serve as useful material to get up to date on their performance in the current environment. Overall, the company continued to prove its resilience, despite the 2% drag on their core Fashion & Leather Goods segment. This is somethin...
JHVEPhoto AMD ( AMD ) is set to report fiscal first-quarter results on May 5, and the Dr. Lisa Su-led company is likely to keep benefiting as demand for both GPUs and CPUs outstrips supply, GF Securities said. “Driven by agentic AI, AMD’s value proposition will be further enhanced backed by its fast-growing CPU shares, roadmap and much-improved MI455,” analyst Jeff Pu wrote in a note to clients. “...
JHVEPhoto AMD ( AMD ) is set to report fiscal first-quarter results on May 5, and the Dr. Lisa Su-led company is likely to keep benefiting as demand for both GPUs and CPUs outstrips supply, GF Securities said. “Driven by agentic AI, AMD’s value proposition will be further enhanced backed by its fast-growing CPU shares, roadmap and much-improved MI455,” analyst Jeff Pu wrote in a note to clients. “For GPU, following our earlier trim of CoWoS, we now see positive signs of re-acceleration for Helios racks. Additionally, demand from key customers (i.e., OpenAI, Meta) is far ahead of supply.” Pu has a Buy rating and a $311 price target on AMD shares. Delving deeper, Pu said he believes AMD's server business has continued to shine, citing data from Mercury Research that showed it with a 41% value share in the fourth quarter of 2025 and a shipment share of 29%. “Backed by higher N3 wafer capacity and higher ASP as a result of price hike and N2-based Venice CPU, we expect its full-year shipments & revenue to be +28% YoY & +46% YoY in 2026,” Pu added. “Despite ARM CPUs gaining traction at CSP’s in-house, we still expect x86 will still be a preferred solution to be paired with GPU due to better performance for orchestration. We believe AMD’s CPU offers lower latency (SRAM), software compatibility and ~1.6 TB/s memory bandwidth (Venice).” A consensus of analysts expects AMD to earn $1.27 per share on $9.87B in revenue for the upcoming quarter.