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Canada Goose Soars after Surprise Q4 Profit

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Canada Goose Soars after Surprise Q4 Profit

Winter weather advisory: cold, snow, and patches… you know, the red, white, and blue ones featuring a birds-eye view of the North Pole (NOT Canada, for the geographically challenged). Canada Goose (GOOS) soared by 33% after reporting earnings per share of 7-cents and blowing out Wall Street’s estimate of a 7-cent loss per share. This was the company’s best one-day performance to date.

Not just a fad… now we are past the one-year anniversary mark for the coat-maker and have seen the company share price increase nearly five times from its initial IPO of just under $13. On top of that, they may just be scratching the surface, as the company has plans for retail expansion in 2018 and will expand e-commerce in China.

Clear skies ahead… the company expects annual revenue growth of at least twenty percent and earnings growth of twenty-five percent over the next three years. In other words, they are expecting to sell more and earn more in the near future – an optimistic outlook that shareholders should be happy to see.

So be sure to keep an eye on the Goose as it may continue to lay golden eggs for years to come. Find out more

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Wall Street Enjoys ‘Merger Madness’

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Wall Street Enjoys ‘Merger Madness’

“Aaaaagghh! It's not a liquid! It's a great many pieces of solid matter that form a hard floor-like surface!”

The peer pressure is on… after AT&T’s big win. The recent court ruling has given the green-light on “vertical mergers.” This is important for media companies and other industries because of the uncertainty previously held about these types of mergers. Now that we know they can be done, the fun can begin!

(In case you didn’t know, vertical mergers are when two companies that do not compete directly join forces.)

It’s love at first sight… and it is officially corporate marriage season. This is great news for investment banks because they collect hefty fees for bringing corporations to the alter and tying the knot. If Comcast (CMCSA) can successfully land 21st Century Fox (FOXA), Bank of America, Wells Fargo, and Goldman Sachs could be splitting close to half a billion dollars in fees. And we are talking about just ONE deal of the many that are anticipated to follow.

So, who is next… shares of Discovery (DISCA), CBS (CBS), and Lions Gate (LGFA) all saw a bump after the AT&T deal was pushed through; but it’s not just media companies to look after. We have already seen vertical mergers, such as Cigna (CI) merging with Express Scripts (ESRX) and CVS (CVS) teaming up with Aetna (AET).

So, go ahead Wall Street execs and splurge on that new mansion/yacht/sports car – but please, don’t take your windfalls and try to play Scrooge McDuck in the basement. Read more

FamilyGuy

“Aaaaagghh! It’s not a liquid! It’s a great many pieces of solid matter that form a hard floor-like surface!”

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AT&T, Time Warner – the deal is done like dinner

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AT&T, Time Warner – the deal is done like dinner

Big Deal

Nearly two years in the works… And the AT&T takeover of Time Warner is complete! The Justice Department has decided against seeking a stay and will allow the deal to close. This sets the stage for other companies to follow suit and join forces of their own.

Move over Netflix… For a mere $85B, AT&T can deliver Time Warner programming to the company’s millions of wireless, internet, and video customers. In theory, this will allow AT&T to go toe-to-toe with other beloved content providers, including Netflix and Amazon Prime. Just like our boy Floyd Money Mayweather.

More to come… The justice Department may appeal the ruling in the case. In the meantime, keep an eye out for Comcast and Disney as they continue to covet Fox. These moves may become more important as other companies jockey for position in an increasingly competitive industry.

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Good news for Ethereum, other cryptocurrencies

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The SEC won’t let me be (or will they?)… If you were on planet Earth in 2017 than you probably caught wind of the cryptocurrency madness. The top three cryptocurrencies: Bitcoin, Ethereum, and Ripple climbed 4.9%, 7.7%, and 5.9%, respectively, on Thursday. Predictably, these price increases can be attributed to the SEC determining that Ethereum is not a security after all.

No security? No problem… At least that is how “crypto-investors” are feeling. The SEC has ruled that Ethereum is “sufficiently decentralized.” In English, this means that decision-making is spread out so that not one individual can receive information that can be used to their unfair advantage (think insider trading). This is the SEC saying that Ethereum, among other decentralized cryptocurrencies, are not worth their time.

The bottom line… The most popular cryptocurrencies, Bitcoin and Ethereum, needn’t follow the same rules designed for stocks. For now, we have escaped the regulatory crackdown that many were totally unsure about – finally, some good news for the crypto enthusiasts.

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