Michael Burry dumped his entire stake in GameStop after the company's audacious bid for eBay , saying the deal's heavy leverage shattered the investment case he had been building. "I sold my entire GME position," Burry said in a Substack post late Monday. "Any which way I sliced it, the Instant Berkshire thesis was never compatible with > 5x Debt/EBITDA, never ok with interest coverage under 4.0x ...
Michael Burry dumped his entire stake in GameStop after the company's audacious bid for eBay , saying the deal's heavy leverage shattered the investment case he had been building. "I sold my entire GME position," Burry said in a Substack post late Monday. "Any which way I sliced it, the Instant Berkshire thesis was never compatible with > 5x Debt/EBITDA, never ok with interest coverage under 4.0x ... As a result, GME is the first sale since I started this Substack." GameStop made an unsolicited, nonbinding offer to acquire eBay for $125 per share in cash and stock, valuing the online marketplace at roughly $55.5 billion. The proposal is a steep premium to recent trading levels, but also raises questions about financing. GameStop's market capitalization is a little less than $12 billion. Shares of GameStop fell about 10% Monday following the announcement, reflecting investor skepticism around the feasibility of the deal and the potential strain on the company's balance sheet. GME 5D mountain GameStop over the past 5 days Burry, made famous by the "Big Short," had thought that dealmaking could transform GameStop into a version of Berkshire Hathaway , but decided that the company's capital structure following the proposed acquisition was incompatible with his "Instant Berkshire" thesis. That idea was never consistent with the level of indebtedness required to pursue a takeover of eBay, he said. "Instant Berkshire did not contemplate anywhere near 5x+ leverage," Burry wrote. "Never confuse debt for creativity." Burry said the more likely outcome at the proposed valuation would push leverage to roughly 7.7 times debt to earnings before interest, taxes, depreciation and amortization — a level bordering on distressed, he said. He pointed to companies such as Wayfair and Carvana as examples of businesses that struggled under similar debt burdens. "Wayfair lived there for years, Carvana nearly died there and still might from such a start. Bath & Body Works too. Those are the...
One in five people in Hong Kong feels “lonely”, with about 520,000 self-isolating and unwilling to confide in family, friends or even artificial intelligence (AI) chatbots, a survey has found. The Hong Kong Family Welfare Society on Tuesday released the survey results, which also showed the city’s family well-being index at 6.09, slightly up from 6.06 in 2024. The NGO conducted the survey between ...
One in five people in Hong Kong feels “lonely”, with about 520,000 self-isolating and unwilling to confide in family, friends or even artificial intelligence (AI) chatbots, a survey has found. The Hong Kong Family Welfare Society on Tuesday released the survey results, which also showed the city’s family well-being index at 6.09, slightly up from 6.06 in 2024. The NGO conducted the survey between January and February, randomly polling 2,112 Hong Kong residents aged 18 and above who lived with...
Berkshire Hathaway’s (NYSE: BRK-B) cash position has become one of the defining financial stories of recent years, swelling to truly historic proportions. The company ended 2025 with $373.3 billion in cash and cash equivalents, representing the largest corporate cash hoard in American business history. The initial peak occurred in the third quarter of 2025, when ... We May Soon Find Out Why Warren...
Berkshire Hathaway’s (NYSE: BRK-B) cash position has become one of the defining financial stories of recent years, swelling to truly historic proportions. The company ended 2025 with $373.3 billion in cash and cash equivalents, representing the largest corporate cash hoard in American business history. The initial peak occurred in the third quarter of 2025, when ... We May Soon Find Out Why Warren Buffett and Berkshire Hathaway Have Almost $400 Billion in Cash
The companies are reporting strong earnings growth fueled in part by data center and robotics demand. Elon Musk also teased Tesla’s Optimus as its "biggest product ever."
The companies are reporting strong earnings growth fueled in part by data center and robotics demand. Elon Musk also teased Tesla’s Optimus as its "biggest product ever."
(RTTNews) - Atkore Inc. (ATKR), a manufacturer of electrical products, on Tuesday reported a wider net loss for the second quarter compared to the prior year despite an increase in revenue.
(RTTNews) - Atkore Inc. (ATKR), a manufacturer of electrical products, on Tuesday reported a wider net loss for the second quarter compared to the prior year despite an increase in revenue.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Vivek Paul, BlackRock Investment Institute, Portfolio Research Global Head; Yu Jie, Chatham House, Asia-Pacific Program...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Vivek Paul, BlackRock Investment Institute, Portfolio Research Global Head; Yu Jie, Chatham House, Asia-Pacific Programme Senior Research Fellow; Ester Baiget, Novonesis, President & CEO; Massimo Battaini, Prysmian, CEO. (Source: Bloomberg)
Derick Hudson Meta ( META ) on Tuesday said it was “expanding” technology to protect younger users across its platforms. The company says its AI-powered age assurance and enforcement tools are designed to identify users who may be teenagers, even if they provide an adult date of birth. The tech would place such accounts into “Teen Account” settings. This rollout includes Instagram in the European ...
Derick Hudson Meta ( META ) on Tuesday said it was “expanding” technology to protect younger users across its platforms. The company says its AI-powered age assurance and enforcement tools are designed to identify users who may be teenagers, even if they provide an adult date of birth. The tech would place such accounts into “Teen Account” settings. This rollout includes Instagram in the European Union and Brazil and Facebook in the United States, with further expansion planned. Meta last year rolled out the technology on Instagram in the US, Australia, Canada, and the UK. "Now we are expanding our use of this technology to 27 countries in the EU and Brazil. This will ensure more people whom we suspect to be teens are proactively placed into age-appropriate protections on Instagram," Meta said. These systems analyze profile signals such as posts, comments, and even visual content to estimate age. The company emphasized that its visual analysis tools are not facial recognition but instead assess general cues like context and appearance patterns. If an account is flagged as potentially underage, it may be deactivated pending age verification. Meta says it is also simplifying reporting tools and using AI-assisted moderation to improve speed and consistency in handling violations. Meta also called for app stores to take a larger role in verifying users’ ages. Centralized age verification would create more consistent safeguards across platforms while preserving user privacy. More on Meta Meta Platforms: Why AI Is Still Driving Ads Growth And Value Creation Meta's Post-Q1 2026 Earnings Price Slump Might Continue Meta Does Things Their Own Way Meta taps Morgan Stanley, JPMorgan for $13B El Paso AI data center deal: report AI boom lifts big tech earnings, but Wall Street is picking winners and losers
Southwest Gas press release ( SWX ): Q1 GAAP EPS of $1.91 misses by $0.09 . Revenue of $585.12M (-21.6% Y/Y) misses by $110.4M . Southwest Gas invested $186.3 million in capital expenditures (on an accrual basis) during the quarter to strengthen and modernize infrastructure to support new and existing customer demand; Southwest Gas achieved gross margin of $298.9 million and operating margin of $4...
Southwest Gas press release ( SWX ): Q1 GAAP EPS of $1.91 misses by $0.09 . Revenue of $585.12M (-21.6% Y/Y) misses by $110.4M . Southwest Gas invested $186.3 million in capital expenditures (on an accrual basis) during the quarter to strengthen and modernize infrastructure to support new and existing customer demand; Southwest Gas achieved gross margin of $298.9 million and operating margin of $477.0 million for the three months ended March 31, 2026; As of March 31, 2026, the Company had $484.8 million of cash on hand, and nearly $1.2 billion in available liquidity; and The Company increased its quarterly common stock dividend to $0.645 per share, representing a 4% increase over the 2025 dividend rate. Southwest Gas Holdings Guidance and Outlook: The Company affirms the following 2026 and forward-looking guidance ranges, as follows: (in millions, except percentages) Affirmed Estimates 2026 Earnings per share from continuing operations $4.17 - $4.32 / share vs. $4.26 consensus 2026 Capital expenditures (1) ~$1.25 billion 2026 - 2030 Adjusted Earnings per share from continuing operations CAGR (2) 12.0% - 14.0% 2026- 2030 Capital expenditures (1) $6.3 billion 2026 - 2030 Rate base CAGR (2) 9.5% - 11.5% Click to enlarge More on Southwest Gas Southwest Gas Holdings, Inc. (SWX) Presents at Jefferies Power, Utilities, & Clean Energy Conference 2026 - Slideshow Southwest Gas Holdings, Inc. (SWX) Q4 2025 Earnings Call Transcript Southwest Gas Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation Southwest Gas Q1 2026 Earnings Preview Southwest Gas raises quarterly dividend by 4% to $0.645/share
Minerva Neurosciences press release ( NERV ): Q1 Non-GAAP EPS of -$0.17 misses by $0.04 . As of March 31, 2026, Minerva had approximately $78.2 million in cash, cash equivalents, marketable securities and restricted cash, compared to $82.4 million at December 31, 2025.
Minerva Neurosciences press release ( NERV ): Q1 Non-GAAP EPS of -$0.17 misses by $0.04 . As of March 31, 2026, Minerva had approximately $78.2 million in cash, cash equivalents, marketable securities and restricted cash, compared to $82.4 million at December 31, 2025.
Investors should scoop Cogent Communications as it trades at a discount following a major sell-off to start the week and shows signs of bolstering its balance sheet, according to JPMorgan. The bank upgraded Cogent Communications to overweight from neutral. It lowered its price target on shares to $22 from $23, though that still implies 34% upside from Monday's close. "Following Monday's pullback, ...
Investors should scoop Cogent Communications as it trades at a discount following a major sell-off to start the week and shows signs of bolstering its balance sheet, according to JPMorgan. The bank upgraded Cogent Communications to overweight from neutral. It lowered its price target on shares to $22 from $23, though that still implies 34% upside from Monday's close. "Following Monday's pullback, we upgrade Cogent to Overweight (from Neutral), driven by (1) a continued favorable mix shift toward On-Net and Waves revenue (+9% y/y in [the first quarter of 2026] on a combined basis) and (2) further progress on the sale of its data centers, which we believe will enable Cogent to reduce debt (on a gross and net basis) and refinance its 2027 unsecured notes," analyst Sebastiano Petti said Tuesday in a note to clients. Shares plunged 29% lower on Monday after the internet service provider posted lackluster first-quarter earnings results. The company reported adjusted EBITDA of $70.2 million versus the $73.9 million expected by analysts polled by FactSet. Its revenue came in at $135.6 million, or slightly below a $136.6 million consensus estimate. CCOI 1D mountain Shares closed 29% lower on Monday. The stock's steep decline "provides an attractive entry point," according to Petti. He added that Cogent should be able to regain ground, particularly if it can close its expected sale of 10 data centers early this summer. Cogent CEO Dave Schaeffer said during the company's earnings call on Monday that aggregate proceeds from that sale should come in at "substantially more than [the firm's] $144 million" agreement to offload two of its data centers that was terminated in the first quarter for 2026. The executive also noted that his company will contribute the proceeds of its new expected deal to a borrower group to de-lever "both on a gross and net basis," per Petti's note. JPMorgan's call goes against consensus on the Street. Of the 12 analysts covering Cogent, just four have a ...
Drazen Zigic/iStock via Getty Images Investment Thesis While GARP (Growth At a Reasonable Price) is my main strategic focus, dividend kings and aristocrats are my second area of interest. These companies are some of the darlings of passive, income-oriented investors, with their economic moats and lower uncertainty business models. However, I am not a very passive dividend growth investor, because ...
Drazen Zigic/iStock via Getty Images Investment Thesis While GARP (Growth At a Reasonable Price) is my main strategic focus, dividend kings and aristocrats are my second area of interest. These companies are some of the darlings of passive, income-oriented investors, with their economic moats and lower uncertainty business models. However, I am not a very passive dividend growth investor, because this lower uncertainty comes to the detriment of high growth. I am interested in squeezing both advantages (lower uncertainty and higher growth), and I can do this by one of the following: Invest in these stocks when they are at the beginning of a favorable mid-to-long-term cycle. I was a fan of regulated utilities in 2025, with a combination of tailwinds from a higher demand of electricity especially fueled by AI, and the beginning of a cycle of monetary easing by the Fed and other central banks. But this is mostly over. Catch some of these stocks when they face specific headwinds, with attractive valuations compared to their industries. These are also rare cases. Use an options strategy suited for neutral-to-bullish outlooks, which gives significant leverage for small price movements on the upside, and have limited risks on the downside due to the lower business uncertainty combined with a careful position management. One of the companies that falls into the second category today is The Clorox Company ( CLX ), one of the rare cases when I found an established name in the defensive Consumer Staples industry undervalued. While that might be interesting today for a scalable stock position, I still find even a little more interesting an options strategy mentioned at the third point, and I’ll explain below the differences between the two. Business Analysis Clorox has four reportable segments : Health and Wellness: cleaning, disinfecting and professional products. Household : bags and wraps, cat litter and grilling products. Lifestyle : food, water filtration and natural person...
JHVEPhoto Energizer Holdings ( ENR ) traded higher after the company reported mixed fiscal second-quarter results. Total revenue was down 3.0% year over year and missed the consensus estimate by $19M. Organic sales decreased 5.5% during the quarter primarily due to a shift in the timing of battery orders related to the plastic free conversion, a slower start to the selling season in auto care, and...
JHVEPhoto Energizer Holdings ( ENR ) traded higher after the company reported mixed fiscal second-quarter results. Total revenue was down 3.0% year over year and missed the consensus estimate by $19M. Organic sales decreased 5.5% during the quarter primarily due to a shift in the timing of battery orders related to the plastic free conversion, a slower start to the selling season in auto care, and a modest impact from the conflict in the Middle East that resulted in volume declines of 6.1%. Carry over price increases of 0.6%, primarily in the batteries & lights segment, partially offset the volume declines. Looking ahead, Energizer ( ENR ) sees roughly flat full-year organic sales. FQ3 EPS of $0.75 to $0.85 (midpoint $0.80) is anticipated vs. $0.93 consensus, and full-year EPS is seen landing at the high end of $3.30 to $3.60 vs. $3.33 consensus. CEO Mark LaVigne said Energizer ( ENR ) continued to make meaningful progress against its strategic priorities, highlighted by significant gross margin recovery and growing confidence in a return to organic growth in the back half of the year. "Our disciplined execution is translating into tangible improvements across the income statement, strengthening our confidence in delivering the high end of our full-year earnings outlook," he noted. Shares of Energizer ( ENR ) were up 2.0% in premarket trading to $19.72 vs. the 52-week range of $16.00 to $30.29. More on Energizer Energizer Holdings Is Getting Harder To Resist Energizer: High Yield, Low Visibility I Have Lost My Optimism For Energizer Holdings (Downgrade) Energizer reports mixed Q2 results; introduces Q3 and updates FY26 outlook Energizer Q2 2026 Earnings Preview