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The Oracle of Omaha is piling into a historically cheap legal monopoly But despite being a big-time seller of stocks for two years, the Oracle of Omaha has managed to unearth at least one value stock. The defining trait for Sirius XM is that it's one of America's few publicly traded legal monopolies. Image source: Getty Images.
This past Election Day, all three recreational marijuana legalization ballot initiatives up for a vote failed to pass. Pot punished Five state marijuana legalization measures were put before the electorate, three of which would have green-lighted recreational pot. Investors sold out of North American weed stocks when the news hit.
XRP is surging today due to the arrival of a key deadline in a legal case brought by the Securities and Exchange Commission ( SEC ) against Ripple Labs -- the company that created the cryptocurrency. Apple: if you invested $1,000 when we doubled down in 2008, youd have $44,179 !* The cryptocurrency was up 12.6%
It's exciting times for Ripple's native token XRP (CRYPTO: XRP) , as the team celebrates the end of over four years of legal battles. Let's dive into how it may unfold and why XRP's legal status isn't as clear-cut as it seems. Shifting legal tides may have an impact, but institutional investors have continued to buy XRP.
Apple: if you invested $1,000 when we doubled down in 2008, youd have $48,005 !* In addition, just this past week, the German Federal Ministry and Minister of Food and Agriculture approved the plan to allow research-focused commercial cannabis pilot programs to test legal and regulated access to cannabis for consumers.
Political and legal pressure mounts Supermicro's management blames the margin erosion on competition and a tight inventory of key components. It also won't address the growing legal uncertainty surrounding the company. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,619 !*
country to legalize cannabis for recreational use. However, the initial phase of this legalization focuses on personal possession and cultivation, along with non-profit "cannabis clubs" for distribution, rather than commercial sales. Competition from both legal and illicit sources remains fierce.
And detractors will point out that Abbott has encountered some headwinds lately, especially on the legal and regulatory fronts. First, as mentioned earlier, it's faced legal and regulatory issues. These legal and regulatory problems have yet to cause serious, long-term harm to the company.
federal legalization, burdensome tax regimes, and competition from the black market. legal market demand. The company's growth strategy centers on states with robust medical cannabis markets and momentum toward future recreational legalization. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,710 !*
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,465 !* And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $23,295 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $434,367 !*
As various states have legalized this segment of the gambling business within their borders, DraftKings has entered these markets. Among the remainder, more states are heading toward legalization. A few more states legalized online sports wagering. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,611 !*
This is usually a very successful practice: indeed, since the 2008-2009 crisis, depositors (even the uninsured depositors) haven’t lost deposits in the case of a bank failure. The post FAQ – Bank Failures and Is This 2008 All Over Again? In this case, worried that the (mis?)information
Legal challenges shape XRP's investment trajectory You know what I'm talking about. This legal action made XRP unavailable to American investors for two and a half years and damaged the investing market's confidence in XRP. Chasing away that gloomy legal albatross can only be good for XRP's long-term value.
He legally isn't required to tell Wall Street or investors anything else about his company's BofA position until then. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,847 !* What we won't know is if Buffett undertakes any additional selling of Bank of America's stock from Oct. 11 through Dec.
Among the committee's key findings were that the audit committee acted with appropriate independence, and that top management's rehiring of former employees was consistent with proper financial reporting and legal compliance. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,946 !*
In November 2018, Canada was mere weeks into its first phase of legalization. Many companies, large and small, sprang to life around the time of legalization in a country that isn't all that populous relative to its size (just under 39 million versus almost 342 million in the U.S.). That still hasn't happened to any great degree.
Several factors contributed to the cut, including legal liabilities and the spinoff of its former healthcare unit to create Solventum. Apple: if you invested $1,000 when we doubled down in 2008, youd have $41,848 !* Last May, 3M slashed its quarterly dividend payment from $1.51 With dividend growth a key quality factor, 3M had to go.
In addition, TransMedics revealed it had hired an outside legal firm Kirkland & Ellis LLP, who in conjunction with outside experts conducted a thorough review of the short-seller attacks. Apple: if you invested $1,000 when we doubled down in 2008, youd have $40,573 !* The report concluded there was no evidence of misconduct.
Sirius XM is a rare breed of company in the sense that it's a legal monopoly. The advantage of being a legal monopoly is it affords Sirius XM notable subscription pricing power. But it could be argued that its legal monopoly status isn't its biggest competitive advantage within the radio space.
This could be the beginning of years of legal battles, adding lots of uncertainty. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,456 !* A judge imposed a small-than-expected $125 million fine on Ripple, the company that operates XRP. There are also competitive forces to pay attention to.
The company had been fighting a legal battle over the potential launch of a Cabometyx generic by MSN Laboratories, a privately held biotech. Apple: if you invested $1,000 when we doubled down in 2008, youd have $42,315 !* The company's adjusted net earnings per share grew by 22% year over year to $2.
As I noted earlier this week, Sirius XM is one of a very small number of legal monopolies. But what's arguably even more important than being a legal monopoly is the company's diverse revenue stream. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,654 !*
Putting that legal saga to bed should boost XRP's real-world utility and token price. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,736 !* The Securities and Exchange Commission's (SEC) long-running lawsuit against Ripple Labs isn't over yet, but should run its course over the next couple of years.
Apple: if you invested $1,000 when we doubled down in 2008, youd have $46,349 !* This included a $355 million benefit from legal settlements, which are now materially complete. These benefit reductions have been accelerated by the three legal settlements we've implemented over the past four years, covering 70% of our in-force policies.
Importantly, while the Justice Department has proposed a forced divestiture of the Chrome browser or Android operating system, some legal experts believe the final solution will be less severe. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,654 !*
Tepper made a name for himself by predicting the collapse of the housing market and the financial crisis in 2008. Data and the ability to legally extract and train [AI systems] on data is a really important competitive advantage. Alphabet] will be a dominant player in AI for the very, very long term.
What's going on with Visa's legal challenges? Visa and competitor Mastercard (NYSE: MA) reached an agreement with merchants in March, ending almost 20 years of legal disputes over these fees. These cases could continue for the foreseeable future and will likely cost the company in legal fees and possible settlements.
The most obvious competitive edge for Sirius XM is that it's a legal monopoly. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,239 !* And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,139 !*
Prime Minister Rishi Sunak announced on Wednesday that he plans to raise the legal smoking age by one year every year, effectively banning the sale of cigarettes to anyone born after 2008. Legal troubles surrounding vaping have already caused some withdrawal headaches for Big Tobacco. The UK has the vapors over tobacco.
By 2008, this figure had been reduced by 90% due to an assortment of economic challenges, industry shifts, innovation, competition, and acquisitions. While a multibillion-dollar legal overhang would be a huge cause for concern for most businesses, it's not a game changer for Johnson & Johnson. government While U.S. government.
A recent legal settlement by the National Association of Realtors changed the way homebuyers and their agents work together. Apple: if you invested $1,000 when we doubled down in 2008, youd have $45,792 !* Although this is a major change, it's unclear how much of an impact it has had on the actual real estate market.
Casepoint, founded in 2008, holds advanced Department of Defense security certifications. Source: Legal Technology Can’t stop reading? Opexus supports over 100,000 users and 200 public institutions in the U.S. and Canada. Its software helps modernise processes like FOIA compliance, investigations, and workforce management.
Ryan Taylor, Palantir's Chief Revenue Officer and Chief Legal Officer, said in the company's Q1 earnings call that "AIP's applications seem endless." Apple: if you invested $1,000 when we doubled down in 2008, you’d have $39,798 !* He stated, "We've shared our plans to capture the market with AIP.
Mr. Keenan was a summer analyst with Kinderhook in both 2008 and 2009 before joining the firm as an analyst in 2010. Kinderhook used UBS Private Funds Group as its placement agent and Kirkland & Ellis provided legal services. Kinderhook Industries has promoted Sam Keenan and Matt Bubis to managing director.
Plus, as a consequence of slower and more limited than anticipated marijuana legalization policies in the U.S. Major anticipated catalysts, specifically marijuana legalization in the U.S., are no longer as certain as they once seemed amid political shifts, though management remains bullish on legalization generally.
Meanwhile, 3M Company (NYSE: MMM) has gone through legal battles in recent years that are now coming to a resolution. 3M Company 3M Company has dealt with its share of legal issues in the past few years. These legal issues have plagued the company for years, but things are finally coming to a resolution. billion to $12.5
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,736 !* Notwithstanding the incredible growth and success of the brand over that time, there is a very substantial growth runway over the coming years as more of the world's 1 billion legal-age smokers switch to better alternatives. points in Q3 and year to date.
Because of the murky legal status of marijuana, with conflicts between state and federal regulations, many banks refuse to offer services to marijuana companies. Competition has been fierce among the legal growers, and, at the same time, illegal marijuana sales have remained a material portion of the industry.
That was likely due to private markets expansion in the wake of the 2008 financial crisis. The information contained in this blog post is not legal, tax, or investment advice. Key Takeaways Looking at the pre-2018 window, there was a trend of overall upward growth in contribution rates across all geographies.
While that shift to subscription revenue is certainly encouraging, I can't imagine that LegalZoom's rather staid business of offering legal documentation and assistance stands in front of any significant growth opportunities. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,133 !*
Founded in 2008, MarketTime’s platform provides tools to sales representatives and agencies to automate the wholesale transaction process and has expanded to offer a similar platform to manufacturers. Canaccord Genuity LLC acted as financial advisor, and Sidley Austin LLP acted as legal advisor to MarketTime.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,634 !* I added significantly in 2008, you might have noticed something was going on in the world in late 2008, something about a global financial crisis or something. We run into 2008, and the stock dropped like a rock. Jim Gillies: Sure.
A couple of the company's products caused some very expensive legal issues. While 3M delivered that steady growth for many years, its legal issues proved to be too much to maintain the payout any longer. Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,456 !* Ultimately, it agreed to pay about $18.5
The company went on to say the DOJ's proposals "go far beyond the specific legal issues in this case." Even then, the legal case likely won't be over, as Google has already said it plans to appeal the verdict, though it can't even file an appeal until the judge issues his ruling. Google plans to "respond in detail" to those proposals.
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