Sat.Oct 07, 2023 - Fri.Oct 13, 2023

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The Challenge of Shorting Equities

The Big Picture

There is a thought-provoking discussion on short selling over at Russell Clark ; check it out (including audio) to get an overview of his perspective. I don’t really disagree with any of it but I do (did) see the world of short-selling from a different seat. Allow me to share a few thoughts about shorting as a trading strategy; I include specifics at the end.

Banks 132
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This Southwest Gift Card Deal From Costco Could Save You $70 on Your Next Flight

The Motley Fool

Image source: Getty Images Flights are a travel expense that can quickly make any vacation costly. Even if you budget accordingly and buy your tickets well in advance, you may have to spend more than you'd prefer. But Costco has a deal that could help some travelers save money on flights. The warehouse club sells discounted gift cards to its members.

Debt 264
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Apollo Acquires The Restaurant Group, Owner of Wagamama, for More Than £700m

Private Equity Insights

Wagamama owner The Restaurant Group has agreed to a takeover by private equity giant Apollo in a deal worth more than £700m. The Restaurant Group (TRG) said it backed the “certain value” offered by the deal amid consumer spending woes and wider economic uncertainty. Apollo will pay 65p a share for TRG, which marks a 34% premium on the firm’s share price as of market close on Wednesday.

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Sagard Private Equity Canada invests in growth of Norbec

PE Hub

Norbec is a Boucherville, Quebec-based manufacturer of insulated metal panels and walk-in coolers and freezers. The post Sagard Private Equity Canada invests in growth of Norbec appeared first on PE Hub.

Investing 240
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The Worst Bond Bear Market in History

A Wealth of Common Sense

In 1950 long-term U.S. government bonds yielded a little more than 2%. By the end of that decade they would hit 4.5%. Yields jumped to 6.9% by the end of the 1960s and 10.1% by the end of the inflationary 1970s. Then they skyrocketed in the early-1980s, going from just over 10% at the end of 1979 to nearly 15% by the fall of 1981. In a little over 30 years, bond yields went from 2% to 15%.

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2 Spectacular ETFs That Can Future Proof Your Portfolio in an AI-Driven World

The Motley Fool

Artificial intelligence (AI) could have a greater impact on society and the economy than the internet or the smartphone. It's still early days, but the technology has already showcased its ability to answer almost any question posed by users, and it can also generate text, photos, videos, and computer code on demand. Those capabilities could drive a productivity boom for businesses that could be worth a whopping $200 trillion to the global economy by 2030, according to Cathie Wood's Ark Investme

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Capstreet-backed TradePending snaps up marketing agency Fixed Ops Digital

PE Hub

TradePending is a sales enablement and consumer experience software platform for car dealerships. The post Capstreet-backed TradePending snaps up marketing agency Fixed Ops Digital appeared first on PE Hub.

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The Difference Between Stocks & Bonds

A Wealth of Common Sense

The 10 year Treasury yield recently hit 4.8%, its highest level since the summer of 2007. That’s higher than the dividend yield on all but 53 stocks in the S&P 500. Just four stocks out of 30 in the Dow Jones Industrial Average yield more than the benchmark U.S. government bond.1 The dividend yield on the S&P 500 has been falling for years from a combination of rising valuations and the increased usage of sh.

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Down 68%, Is It Time to Buy Pinterest Stock?

The Motley Fool

Shares of Pinterest (NYSE: PINS) have fallen 68% from the previous peak, but the image-based social media app is reporting much better growth than a year ago. Accelerating revenue growth and prospects for an improving advertising market have pushed the stock up 17% this year, but Pinterest is not out of the woods yet. Its strategy to launch shoppable ads on its platform puts it in more direct competition with Meta Platforms ' Instagram, but Pinterest has one advantage that could drive more growt

Prospects 246
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AllianzGI Raise €3bn for Semi-Liquid Fund, Following Apollo, Blackstone, and EQT

Private Equity Insights

Allianz Global Investors has launched its first semi-liquid fund, aiming to raise €3bn in capital to invest into private markets. The Allianz Core Private Markets fund will allow professional investors access to private markets and will be fully-paid in, meaning that investors do not have to deal with capital calls. It will invest in private equity, corporate private debt and infrastructure equity and debt, alongside Allianz.

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Ronin Equity seeks add-ons after merging six companies to craft Lotus

PE Hub

Ronin formed Lotus Beverage Alliance in April when the PE firm merged six craft beverage equipment providers. The post Ronin Equity seeks add-ons after merging six companies to craft Lotus appeared first on PE Hub.

Companies 224
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How to Save Money on a Lower Income

A Wealth of Common Sense

Kevin Young joined me again this week to discuss questions ranging from expected returns in corporate bonds, the best month to invest a lump sum, setting up an account to pay for your child’s healthcare costs, where pensions fit into a financial plan and how to allocate assets from life insurance. Further Reading: Income Alpha 13% per year might sound like a lot but that’s an increase of $180 the first year (.

Assets 138
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4 Little-Known Perks of IRAs

The Motley Fool

Image source: Getty Images Many workers rely on their employers to provide them with a savings plan for retirement. But not every company sponsors a 401(k) plan. So if you don't have access to one, you may be thinking of opening an individual retirement account (IRA) instead. As of 2020, only about 18% of Americans had an IRA, reports the U.S. Census.

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Mubadala Plans to Invest $1bn a Year in Brazil

Private Equity Insights

Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, is bullish on Brazil’s growth prospects under President Luiz Inacio Lula da Silva and plans to invest more than $1bn a year to expand its holdings in the country that range from an oil refinery to a toll road. More than a decade after coming to Brazil to invest in then-billionaire Eike Batista’s commodities empire, the firm has deployed more than $5 billion in the country, Oscar Fahlgren, the head of Mubadala Capital in

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ShoreView Industries to take tools manufacturer P&F private

PE Hub

According to terms of the deal, shareholders will receive $13 per share. The post ShoreView Industries to take tools manufacturer P&F private appeared first on PE Hub.

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Can private equity meet public responsibilities?

Financial Times: Moral Money

The sums of capital the sector wields could be critical to financing a sustainable economy, but greater transparency and accountability are needed to ensure this happens

Financing 137
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3 Red Flags for ChargePoint's Future

The Motley Fool

ChargePoint (NYSE: CHPT) became the world's first publicly traded electric vehicle (EV) charging network company after it merged with a special purpose acquisition company (SPAC) on March 1, 2021. ChargePoint closed at $30.11 on its first day but now trades at about $3. Like many other SPAC-backed EV companies, it lost its luster as its growth cooled off, it racked up ugly losses, and its bubbly valuations popped due to rising interest rates.

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Don’t Just Look at the Results

A Wealth of Common Sense

One of my biggest pet peeves of workout culture is when an actor gets shredded for a new role and we get a Men’s Health cover story on how you too can get just as ripped as them. Just do this ab routine! Follow this simple workout! It’s never that simple. For starters, getting in shape is their job for these movies. The studios pay for personal trainers, dieticians, personal chefs, etc.

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Ronin brews up craft beverage equipment platform; new shop Citation Capital invests in smart snacking

PE Hub

Citation Capital is backing snacking firm Cibo Vita. The post Ronin brews up craft beverage equipment platform; new shop Citation Capital invests in smart snacking appeared first on PE Hub.

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The Enshittification of Amazon Continues…

The Big Picture

In August of 2022, I explained how Amazon became ordinary. Today I want to discuss how they have become bad. Since I first discussed the companies that lost my affection during the pandemic nearly two years ago, Amazon continues to stand out as delivering an ever-worsening set of experiences. I wanted to wait until after the (faux retail holiday) Prime Day(s) ended before sharing a few tales of further (to use Cory Doctorow’s phrase) “ Enshittification.” There are many problem

Returns 133
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This One Thing Can Hugely Impact Your Retirement. Here's How to Prepare

The Motley Fool

Image source: Getty Images When it comes to retirement planning, there are many different factors people try to plan for, including how much to save, how long retirement will last, and what things you want to do in retirement. But one thing that some people overlook, which can significantly impact their retirement, is their health. Here's why your healthcare -- and all the expenses that come along with it -- should be a factor in your overall retirement planning strategy.

Taxes 246
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Blackstone, BPEA EQT, OTPP, KKR Consider $2.5bn Deal to Acquire Aster DM Healthcare

Private Equity Insights

Private equity firm BPEA EQT and Ontario Teachers’ Pension Plan Board are among firms considering a deal to acquire Aster DM Healthcare Ltd. assets including its India business, according to people familiar with the matter. BPEA EQT and OTPP have expressed preliminary interest in the hospital operator’s business in the South Asian nation, the people said.

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Prudent Growth Partners buys Mississippi shopping mall Indian River

PE Hub

The purchase price was $7.6 million. The post Prudent Growth Partners buys Mississippi shopping mall Indian River appeared first on PE Hub.

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MiB: Michael Lewis on SBF & FTX

The Big Picture

  This week, we speak with Michael Lewis, whose latest book is “ Going Infinite: The Rise and Fall of a New Tycoon , ” on FTX founder Sam Bankman-Fried. He takes readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. We discuss his writing process, and what made this book so different than his prior ones: A focus on personalities instead of some broad social upheaval.

Education 133
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Wells Fargo (WFC) Q3 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Wells Fargo (NYSE: WFC) Q3 2023 Earnings Call Oct 13, 2023 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome and thank you for joining the Wells Fargo third quarter 2023 earnings conference call. [Operator instructions] Please note that today's call is being recorded.

Banks 246
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Simmons PE-backed THREE60 Energy snaps up two stablemates to create £200m energy giant

Private Equity Insights

Aberdeen oil services company THREE60 Energy, majority-owned by Simmons Private Equity, has acquired sector stablemates Pryme Group and Flexlife to take its headcount to 1,000-strong, and declared it has “huge growth potential”. Pryme Group and Flexlife were also controlled by Simmons Private Equity. The enlarged THREE60 business will have annual revenues of around £200m.

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Talent: the next gold rush in sports investing

PE Hub

Thanks to the athletes and Gen Z fans, new forms of connectivity are growing the value base of sports – it’s the cusp of a new era. The post Talent: the next gold rush in sports investing appeared first on PE Hub.

Investing 216
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Warburg Pincus Closes Fund 14 Above Target

Private Equity Professional

Warburg Pincus has closed its fourteenth fund, Warburg Pincus Global Growth 14 LP (Fund 14) with $17.3 billion of capital. Warburg began fundraising in 2021 with a target of $16 billion. Fund 14 is the largest-ever fundraise in the firm’s 57-year history, exceeding its previous global flagship fund which closed with $15 billion of capital… This content is for members only.

Funds 130
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3 Perks of Buying Tires at Costco

The Motley Fool

Image source: Getty Images No, it's not just you. Tire prices have gone up. The average price of tires has risen 21.4% over the last two years, according to Michael Grabell from ProPublica. That would make a tire that cost $100 about $120 in today's dollars, while a tire that cost $250 would now be $300. To make matters worse, you can't always plan for tire expenses.

Financing 246
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BV Investment Partners Closes Continuation Fund

Private Equity Insights

BV Investment Partners, a Boston based private equity firm focused on tech-enabled business services, software, and IT services for more than 40 years, announced today the closing of a single-asset continuation fund transaction for Right Networks, a premier provider of cloud solutions to tax and accounting firms. This transaction continues BV Investment Partners’ ownership of the company and reaffirms its commitment to supporting Right Networks’ long-term growth strategy.

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TriWest Capital Partners sells Zytech Building Systems to Rona

PE Hub

ZyTech is a Balzac, Alberta-based designer, manufacturer and distributor of building materials for the construction industry. The post TriWest Capital Partners sells Zytech Building Systems to Rona appeared first on PE Hub.

Capital 216
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AEA Banks $1.3 Billion for Newest Small Business Fund

Private Equity Professional

AEA Investors has held an oversubscribed closing of its fifth small business private equity fund (SBPE), AEA Investors SBF V LP (Fund V), with more than $1.3 billion in total equity commitments surpassing its $1.0 billion target. Fund V represents an increase of over 50% of third-party capital from the firm’s earlier fund which closed… This content is for members only.

Banks 130
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Why Shares of Fresenius Medical Care Were Dropping on Wednesday

The Motley Fool

What happened Shares of Fresenius Medical Care (NYSE: FMS) were down more than 18% as of noon ET on Wednesday. The healthcare company's shares are up a little more than 5% so far this year. The drop came because a competitor's drug fared well in preventing kidney disease, and a big part of Fresenius' business is in dialysis therapies. So what Fresenius is the world's largest provider of products and services for individuals with kidney diseases.

Companies 246
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Incline Equity Partners Secures $1.9bn in Commitments for Fund VI

Private Equity Insights

Incline Equity Partners (“Incline”), a leading private equity firm dedicated to investing across the middle market, is pleased to announce the successful closing of Incline Equity Partners VI, L.P. (together with parallel vehicles, the “Fund” or “Fund VI”). Fund VI closed with more than $1.9bn of aggregate capital commitments, significantly surpassing its initial fundraising target.