(RTTNews) - Hycroft Mining Holding Corporation (HYMC), on Monday announced that Chief Executive Officer Diane Garrett has assumed the additional role of Executive Chairman.
(RTTNews) - Hycroft Mining Holding Corporation (HYMC), on Monday announced that Chief Executive Officer Diane Garrett has assumed the additional role of Executive Chairman.
DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Please read our full disclaimer here . ozgurdonmaz/iStock Unreleased via Getty Images The Quiet Winner In AI Apple is quietly pu...
DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Please read our full disclaimer here . ozgurdonmaz/iStock Unreleased via Getty Images The Quiet Winner In AI Apple is quietly putting in a superb financial and, I think, strategic performance. The company is operating at record high gross margins, near-record high unlevered pre-tax free cashflow margins, is seeing revenue growth accelerate and has near record-high levels of net cash. Compare that to the other Big Tech names most all of whom are ensconced in the Great Capex Throwdown Of Our Time. As LLM processing begins its move from the core to the edge of the network, as Apple Silicon gets better and better, and as LLM usage is starting its real ramp as a consumer tool - I think Apple is wonderfully positioned to generate real cash returns from AI, unlike - so far - those who have funded the LLM and datacenter arms race. Those companies have seen their stock prices rewarded, and personally that has been good to me so I am not complaining! - but as regards a real operating business, I think Apple has the lead on its AI strategy. For in the history of real asset based businesses that require ginormo-capex, the One Rule Of Capex has always been: get someone else to pay for the capex. Want to make money in telco? Become a shareholder after a major network upgrade. Satcomms? Buy in after the new fleet has been bought, paid for and put on orbit. And so on. Datacenter is no different. Financial Fundamentals Apple’s March quarter was excellent. AAPL Fundamentals (Company SEC Filings, Cestrian Analysis) Revenue growth accelerated to +17% vs the same quarter last year, and to +13% on a TTM basis vs. the TTM one year ago. Unlevered pretax FCF margins hit 34% on a TTM basis, eclipsed only by the 36% level hit...
DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Please read our full disclaimer here . ozgurdonmaz/iStock Unreleased via Getty Images The Quiet Winner In AI Apple is quietly pu...
DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Please read our full disclaimer here . ozgurdonmaz/iStock Unreleased via Getty Images The Quiet Winner In AI Apple is quietly putting in a superb financial and, I think, strategic performance. The company is operating at record high gross margins, near-record high unlevered pre-tax free cashflow margins, is seeing revenue growth accelerate and has near record-high levels of net cash. Compare that to the other Big Tech names most all of whom are ensconced in the Great Capex Throwdown Of Our Time. As LLM processing begins its move from the core to the edge of the network, as Apple Silicon gets better and better, and as LLM usage is starting its real ramp as a consumer tool - I think Apple is wonderfully positioned to generate real cash returns from AI, unlike - so far - those who have funded the LLM and datacenter arms race. Those companies have seen their stock prices rewarded, and personally that has been good to me so I am not complaining! - but as regards a real operating business, I think Apple has the lead on its AI strategy. For in the history of real asset based businesses that require ginormo-capex, the One Rule Of Capex has always been: get someone else to pay for the capex. Want to make money in telco? Become a shareholder after a major network upgrade. Satcomms? Buy in after the new fleet has been bought, paid for and put on orbit. And so on. Datacenter is no different. Financial Fundamentals Apple’s March quarter was excellent. AAPL Fundamentals (Company SEC Filings, Cestrian Analysis) Revenue growth accelerated to +17% vs the same quarter last year, and to +13% on a TTM basis vs. the TTM one year ago. Unlevered pretax FCF margins hit 34% on a TTM basis, eclipsed only by the 36% level hit...
China’s central bank warned of imported inflation risks from higher oil and commodity prices driven by the conflict in the Middle East. “The impact of imported inflation on the economy needs monitoring,” the People’s Bank of China said in its quarterly monetary policy report released Monday. The PBOC said key price indicators continued a moderate rebound recently, with consumer prices rising 0.9% ...
China’s central bank warned of imported inflation risks from higher oil and commodity prices driven by the conflict in the Middle East. “The impact of imported inflation on the economy needs monitoring,” the People’s Bank of China said in its quarterly monetary policy report released Monday. The PBOC said key price indicators continued a moderate rebound recently, with consumer prices rising 0.9% from a year earlier in the first quarter. While the economy grew a better-than-expected 5% in the period, domestic structural challenges persist and the recovery needs consolidation, the central bank said. China was trapped in a deflationary spiral since late 2022, as a manufacturing glut and sluggish domestic demand led to intense price wars. However, with the Iran war pushing up costs, producer prices climbed 2.8% in April from a year earlier, official data showed Monday. Consumer inflation rose to 1.2%, the National Bureau of Statistics said. China’s Factory Inflation Hits Post-Covid High Amid War Shocks Oil Price Is Inflaming Reflation in China Brent crude futures advanced as much as 4.6% to near $106 a barrel on Monday after US President Donald Trump rejected Iran’s response to a peace proposal. The jamming of traffic through the Strait of Hormuz has choked off shipments of crude, natural gas and fuels, with the International Energy Agency saying the war is causing the biggest supply shock in history. Meanwhile, the PBOC also reiterated a pledge to maintain “moderately loose” monetary policy and keep liquidity ample to support growth. And it vowed to keep the yuan broadly stable and continue efforts to contain financial risks.
SweetBunFactory/iStock via Getty Images Thesis Lineage, Inc. (NASDAQ: LINE ) is the world's largest temperature-controlled storage REIT. It currently trades at 25% above recent and all-time lows, but at half the 2024 IPO price, and yields 5.3%. Remarkably, the warehouse operations intrinsic to the business require a headcount 20-100x that of typical industrial REITs. LINE's well known emphasis on ...
SweetBunFactory/iStock via Getty Images Thesis Lineage, Inc. (NASDAQ: LINE ) is the world's largest temperature-controlled storage REIT. It currently trades at 25% above recent and all-time lows, but at half the 2024 IPO price, and yields 5.3%. Remarkably, the warehouse operations intrinsic to the business require a headcount 20-100x that of typical industrial REITs. LINE's well known emphasis on business process optimization and automation will increasingly provide a competitive advantage, and is included in current assessments. However, the additional impact from the next step - deploying humanoid robots to reduce headcount and operating costs - is beyond current assessments. Robots will leverage the current automation efforts, and should significantly reduce costs. Deployment its likely within 5 years, and LINE's headcount intensity means the impact can be particularly large. Our base case impact estimate is a $500 million reduction in annual costs, generating a $2 increase in AFFO per share, with a consequential $30 increase in per share valuation. Lineage Overview Lineage is the world's largest global temperature-controlled warehouse REIT, measured by market share, market cap, or enterprise value. LINE refers to their business as "temperature-controlled storage", which reflects the range of temperatures they deal with. However common usage is "cold storage", and we will generally use that term below. LINE operates and reports their business in two segments, Global Warehousing and Global Integrated Solutions. Warehousing provides warehouse storage and services, typically measured in pallets. These services include receipt, handling, case-picking, retrieval of products from storage, building customized pallets and repackaging, order assembly and load consolidation, exporting and importing support services, container handling, cross-docking, quality control, and government-approved storage and inspection. Integrated Services provides supply chain services to facil...
Carving Up Profits: 3 Food Stocks on the Thanksgiving TableDole (NYSE:DOLE) reported a solid start to fiscal 2026, with management citing strong consumer demand, favorable momentum in its diversified businesses and continued cost pressure in fresh fruit during the company’s first
Carving Up Profits: 3 Food Stocks on the Thanksgiving TableDole (NYSE:DOLE) reported a solid start to fiscal 2026, with management citing strong consumer demand, favorable momentum in its diversified businesses and continued cost pressure in fresh fruit during the company’s first