marekuliasz/iStock via Getty Images Following the Q3/2025 earnings release on November 6, shares of Priority Technology ( PRTH ) declined by 30%. The decline was mainly attributed to the slower growth compared to expectations, which led management to reduce full-year revenue guidance by 2%-4%. Additionally, the leverage increased, with the Debt/EBITDA standing at 4.35 at the end of the quarter. Th...
marekuliasz/iStock via Getty Images Following the Q3/2025 earnings release on November 6, shares of Priority Technology ( PRTH ) declined by 30%. The decline was mainly attributed to the slower growth compared to expectations, which led management to reduce full-year revenue guidance by 2%-4%. Additionally, the leverage increased, with the Debt/EBITDA standing at 4.35 at the end of the quarter. Three days after the earnings call, Priority received a non-binding take-private proposal from its chairman, majority shareholder, and CEO, Thomas Priore. He offered to buy the 43% remaining shares for $6.00 to $6.15 per share. Although his bid was 23%-26% higher than the last closing price, it was still lower than the last 10-day average closing price of $6.59. On November 12, a special committee was formed to evaluate the offer and "any potential strategic alternatives". Five days later, Steamboat Capital Partners sent a letter to the board and expressed its concerns with the lowball offer. In their valuation table, it was shown that the CEO offered to hijack the company at 6.3 EV/2025 EBITDA, while peers are trading at 10.5 to 17.9 multiple: Steamboat Letter Steamboat also mentioned: Lastly, we are particularly concerned that with a 57% ownership stake in the company, Mr. Priore will not allow a third-party investor to acquire the company at a fair value to all shareholders. We have personal and professional respect for Mr. Priore and the company he has built and led and we share his frustration with the public market's consistent undervaluation, but we do not think that the solution is to offer minority shareholders a low-ball price at a moment of weakness. Therefore, we find it imperative that a Special Committee of disinterested board members is created with the express mandate to hire appropriate financial and legal advisors to seek strategic alternatives, including acquisition offers for the company from third party financial and strategic acquirers. We are highly con...
Annual governors' gathering with White House unraveling after Trump excludes Democrats toggle caption Mark Schiefelbein/AP WASHINGTON — An annual meeting of the nation's governors that has long served as a rare bipartisan gathering is unraveling after President Donald Trump excluded Democratic governors from White House events. The National Governors Association said it will no longer hold a forma...
Annual governors' gathering with White House unraveling after Trump excludes Democrats toggle caption Mark Schiefelbein/AP WASHINGTON — An annual meeting of the nation's governors that has long served as a rare bipartisan gathering is unraveling after President Donald Trump excluded Democratic governors from White House events. The National Governors Association said it will no longer hold a formal meeting with Trump when governors are scheduled to convene in Washington later this month, after the White House planned to invite only Republican governors. On Tuesday, 18 Democratic governors also announced they would boycott a traditional dinner at the White House. "If the reports are true that not all governors are invited to these events, which have historically been productive and bipartisan opportunities for collaboration, we will not be attending the White House dinner this year," the Democrats wrote. "Democratic governors remain united and will never stop fighting to protect and make life better for people in our states." Sponsor Message Oklahoma Gov. Kevin Stitt, a Republican who chairs the NGA, told fellow governors in a letter on Monday that the White House intended to limit invitations to the association's annual business meeting, scheduled for Feb. 20, to Republican governors only. "Because NGA's mission is to represent all 55 governors, the Association is no longer serving as the facilitator for that event, and it is no longer included in our official program," Stitt wrote in the letter, which was obtained by The Associated Press. The governors' group, which is scheduled to meet from Feb. 19-21, is one of the few remaining venues where political leaders from both major parties gather to discuss the top issues facing their communities. White House press secretary Karoline Leavitt said on Tuesday that Trump has "discretion to invite anyone he wants to the White House." "It's the people's house," she said. "It's also the president's home, so he can invite whom...
RODWORKS/iStock via Getty Images Thesis InPlay Oil’s ( IPOOF ) recent productivity gains have put the firm on strong financial footing, despite the challenging crude oil environment. In the third quarter, the company produced over 19,000 boe/d, signaling that the company is approaching a meaningful threshold in scale. The expanded scale reduces breakeven rates while also providing a safety margin ...
RODWORKS/iStock via Getty Images Thesis InPlay Oil’s ( IPOOF ) recent productivity gains have put the firm on strong financial footing, despite the challenging crude oil environment. In the third quarter, the company produced over 19,000 boe/d, signaling that the company is approaching a meaningful threshold in scale. The expanded scale reduces breakeven rates while also providing a safety margin to finance its hefty 7% yield. The dividend is now secure below $55/barrel WTI. At higher oil prices, free cash flow can be deployed to reduce debt and buy back shares. IPOOF supports a greater than 15% free cash flow yield at $60 WTI pricing. I expect this to exceed 20% at $65/barrel. The prospects of an eventual rebound of oil in 2027 and the conversion of debt to shareholder equity are supportive of upgrading this stock to a STRONG BUY recommendation. NOTE: Values are expressed in Canadian currency with the exception of commodity prices. Updated Thoughts on InPlay Oil In March of 2025 , I reviewed IPOOF with a Strong Buy recommendation. This view was based on a significantly improved free cash flow position that provided ample coverage to the company’s dividend. Now, a year later, the Obsidian acquisition appears to have been even better than I originally envisioned. Strong well production has allowed the company to exceed production guidance, now exceeding 19,000 BOE/d. This figure holds a meaningful oil cut, generating over 9,000 barrels of oil and representing 48% of total volumes . Additionally, NGL production brings total liquid content up to 60% of production. IPOOF Operational Map (IPOOF Investor Presentation) The additional volumes have enabled the company to produce strong free cash flows despite the challenges in the oil market. As shown below, the company expects to deliver ample excess free cash flow even after paying the hefty dividend. The estimated $68 million in free funds flow, as shown below, translates into a 15% free cash flow yield. Here we can see t...
(RTTNews) - Skanska AB (SKSBF.PK, SKAb.ST), a Swedish construction company, said on Wednesday that in a joint venture with California Engineering Contractors, it has inked a contract with the California Department of Transportation for the Vincent Thomas Bridge deck replacement project in Los Angeles. The total contract is worth $534 million, of which Skanska's share is $320 million. The project w...
(RTTNews) - Skanska AB (SKSBF.PK, SKAb.ST), a Swedish construction company, said on Wednesday that in a joint venture with California Engineering Contractors, it has inked a contract with the California Department of Transportation for the Vincent Thomas Bridge deck replacement project in Los Angeles. The total contract is worth $534 million, of which Skanska's share is $320 million. The project will remove and replace the existing bridge deck with new expansion joints and advanced corrosion-protection systems. The project is scheduled to begin in March 2026 and is expected to be completed in March 2029. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Yara International press release ( YARIY ): Q4 Non-GAAP EPS of $1.17. Revenue of $4.01B (+17.3% Y/Y) misses by $10M . EBITDA excl. special items of $709M, with increased nitrogen margins, reduced fixed costs and strong volumes. Delivered >$200M in fixed cost reductions since 2Q24. NOK 22 per share annual dividend proposed. More on Yara International Yara International ASA (YARIY) Analyst/Investor ...
Yara International press release ( YARIY ): Q4 Non-GAAP EPS of $1.17. Revenue of $4.01B (+17.3% Y/Y) misses by $10M . EBITDA excl. special items of $709M, with increased nitrogen margins, reduced fixed costs and strong volumes. Delivered >$200M in fixed cost reductions since 2Q24. NOK 22 per share annual dividend proposed. More on Yara International Yara International ASA (YARIY) Analyst/Investor Day Transcript Yara International ASA (YARIY) Analyst/Investor Day - Slideshow Yara International: Upside Possible After Q3 With A Potentially Tripled Yield Mosaic upgraded at Scotiabank amid possible limits to fertilizer rally Potash market shows muted reaction to lifting of Belarus sanctions
tadamichi/iStock via Getty Images The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms. European-Listed ETFs Total traded volume Trading activity on the Tradeweb European-listed ETF marketplace amounted to EUR 86.3 billion in January, the platform’s second-best performance since its launch in October 2012. The proportion ...
tadamichi/iStock via Getty Images The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms. European-Listed ETFs Total traded volume Trading activity on the Tradeweb European-listed ETF marketplace amounted to EUR 86.3 billion in January, the platform’s second-best performance since its launch in October 2012. The proportion of transactions and notional volume completed via Tradeweb’s Automated Intelligent Execution (AiEX) tool registered at 95% and 31%, respectively. Adam Gould, Global Head of Equities at Tradeweb, said, “Adoption of our automated, rules-based RFQ solution continued to accelerate in the new year, with AiEX powering a record 95% of all monthly European ETF transactions on our platform. We expect this protocol to continue to evolve as we further enhance our automated trading capabilities.” Volume breakdown Both equity and fixed income ETFs saw net buying during the month. In contrast, ‘sells’ in commodity-based products surpassed ‘buys’ by 30 percentage points. Notional volume executed in the asset class increased to 13% of the entire platform flow, up by five percentage points from December 2025.” North American equities was the most heavily traded ETF category in January, with total traded volume exceeding EUR 17 billion. Precious metals ETFs were ranked in fourth place and were mostly sold. Top ten by traded notional volume There were four commodity-based products among January’s ten most actively traded ETFs, with the iShares Physical Gold ETC ranked first. The fund, which seeks to track the day-to-day movement of the price of gold, last occupied the top spot exactly three years ago. U.S.-Listed ETFs Total traded volume Total consolidated U.S. ETF notional value traded in January reached USD 95.4 billion. AiEX transactions represented approximately 54% of all U.S. ETF tickets on the platform. Adam Gould, Global Head of Equities at Tradeweb, said, “January was a very busy mon...
The world's most advanced chip foundry just provided the most convincing evidence to date that AI implementation is ongoing. Since generative artificial intelligence (AI) burst onto the scene roughly three years ago, Nvidia (NVDA 0.80%) stock has been in the limelight. The company is the leading supplier of graphics processing units (GPUs), the advanced computer chips that underpin the technology....
The world's most advanced chip foundry just provided the most convincing evidence to date that AI implementation is ongoing. Since generative artificial intelligence (AI) burst onto the scene roughly three years ago, Nvidia (NVDA 0.80%) stock has been in the limelight. The company is the leading supplier of graphics processing units (GPUs), the advanced computer chips that underpin the technology. The unprecedented demand for its high-end processors fueled blistering revenue and profit growth, making it the world's most valuable company, with a market cap of $4.6 trillion. Many experts believe AI adoption is just beginning. However, some are wary of the fading buzz and uneven adoption, and are looking for confirmation that AI growth will continue. Given its epic three-year run, it's easy to see why some investors have grown hesitant. Taiwan Semiconductor Manufacturing (TSM +1.83%), commonly known as TSMC, just provided the most convincing proof yet that demand for AI remains robust. Record monthly sales TSMC has earned bragging rights as the world's most advanced chip foundry, resulting in its billing as the world's largest contract chipmaker. It controls roughly 71% of the global chip market and manufactures more than 90% of the most advanced semiconductors, making it a closely watched bellwether for AI demand. When CEO C.C. Wei released the company's monthly sales figures, investors were taken aback. In January, TSMC delivered net revenue of NT$401.26 billion (roughly $12.7 billion), which jumped 37% year over year and was a 20% increase from December. This marked the highest monthly sales in TSMC's history, as demand for advanced processors kicked into overdrive. TSMC provides the most advanced chips for AI, high-performance computing (HPC), and smartphones, so it has its finger on the pulse of tech industry demand. While the results are undoubtedly positive for TSMC investors, they also have broader implications. Expand NYSE : TSM Taiwan Semiconductor Manufactur...
(RTTNews) - Ahold Delhaize N.V. (ADRND.PK, AHODF.PK), a Dutch retail and wholesale holding company, on Wednesday reported significantly higher profit in the fourth quarter amid slightly higher sales. Further, the firm lifted dividend, and issued fiscal 2026 outlook, expecting growth in underlying earnings. In the fourth quarter, net income surged 51.8 percent to 577 million euros from last year's ...
(RTTNews) - Ahold Delhaize N.V. (ADRND.PK, AHODF.PK), a Dutch retail and wholesale holding company, on Wednesday reported significantly higher profit in the fourth quarter amid slightly higher sales. Further, the firm lifted dividend, and issued fiscal 2026 outlook, expecting growth in underlying earnings. In the fourth quarter, net income surged 51.8 percent to 577 million euros from last year's 380 million euros. Earnings per share were 0.65 euro, up 56.4 percent from 0.41 euro a year ago. Underlying earnings per share were 0.73 euro, compared to 0.69 euro last year. Underlying operating income grew 3.8 percent year-over-year to 994 million euros, and underlying EBITDA improved 1.9 percent to 1.88 billion euros. Underlying EBITDA margin grew to 8 percent from 7.9 percent last year. Net sales for the quarter edged up 0.9 percent to 23.490 billion euros from 23.276 billion euros a year ago. At constant exchange rates, sales grew 6.1 percent. Comparable sales excluding gasoline increased 2.5 percent, up 2.7 percent in the U.S. and 2.4 percent in Europe. Online sales grew 9.1 percent and net consumer online sales increased 9.4 percent. Further, the company proposed a cash dividend of 1.24 euros for the full year 2025, which is a 6 percent increase over 2024. If approved by the General Meeting of Shareholders, a final dividend of 0.73 euro per share will be paid on April 23. Looking ahead for the 53-week fiscal 2026, the company projects mid- to high-single-digit underlying earnings per share growth at constant exchange rates, and underlying operating margin of around 4 percent. In fiscal 2025, underlying earnings per share were 2.67 euros and underlying operating margin was 4 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.