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Crown Castle's Problems Aren't Over
Seeking Alpha· 2024-06-20 04:12
Crown Castle is going through a period of immense change as the firm brought in a new CEO, Steven Moskowitz, with intent to restructure Crown Castle as the firm faces pressure from activist investors. Crown Castle's previous CEO, Jay Brown, stepped down on January 16, driven by activist investors Elliot Investment Management, citing significant underperformance of the firm. Crown Castle co-founder Ted Miller launched a proxy fight with the firm in February to drive operational change with intent for the fir ...
Crown Castle: There Are Many Positives Beyond The Sprint Churn
Seeking Alpha· 2024-06-19 12:02
In the meantime, the stock was trading at an implied cap rate of 6.9%, about 200 bps above 10-year treasury yields, which I concluded had the potential of resulting in double-digit upside on top of the already high dividends. Even under conservative assumptions of no growth beyond 2025, my bear case yielded a positive RoR. Therefore, I concluded that CCI was a BUY at $95 per share. Since that article, I must admit, CCI's performance has been underwhelming with an RoR of 4% compared to 24% of the S&P 500 (SP ...
S&P 500 Gains and Losses Today: Index Hits Record as Nvidia Takes Market Cap Crown
Investopedia· 2024-06-18 21:50
Major U.S. equities indexes ticked higher on Wednesday as artificial intelligence (AI) chip behemoth Nvidia (NVDA) overtook Microsoft (MSFT) as the largest publicly traded company by market capitalization. Shares of Teradyne (TER), a manufacturer of automated test equipment, added 4.8% after UBS raised its price target and reiterated its "buy" rating on the stock. According to analysts, the rallying Teradyne stock could be poised to continue its uptrend, with opportunities including a recovery in testing re ...
Grizzly to Acquire the Motherlode Crown Grants in the Greenwood District Precious and Battery Metals Project, BC
Newsfile· 2024-06-17 13:00
On behalf of the Board, GRIZZLY DISCOVERIES INC. Brian Testo, CEO, President Suite 363-9768 170 Street NW Edmonton, Alberta T5T 5L4 For further information, please visit our website at www.grizzlydiscoveries.com or contact: Caution concerning forward-looking information Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environme ...
U.S. Sen. Sheldon Whitehouse Just Bought Crown Castle Stock and Unloaded Diageo Stock.
The Motley Fool· 2024-06-14 10:45
The junior senator from the Ocean State made some changes to his stock portfolio in May. Although it's unclear how many shares were involved in the trades, the amount reported for the Diageo transaction was between $15,001 and $50,000, while the Crown Castle transaction was between $1,001 and $15,000. Since May 8 through the close of trading on June 7, Diageo stock had fallen 3.4%. From the time of the Crown Castle trade on May 10 through the market's close on June 7, Crown Castle had risen 1.1%. Whitehouse ...
Catcha Investment Corp Shareholders Approve Previously Announced Business Combination with Crown LNG Holdings AS
GlobeNewswire News Room· 2024-06-12 20:01
CONNECTION WITH THE BUSINESS COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION. In line with this approval, Catcha and Crown have also agreed to extend the deadline under the Business Combination Agreement until June 28th, 2024, on or before which the business combination is expected to close, and the combined company's ordinary shares and warrants are expected to commence trading on the Nasdaq Capital Market (under the new ticker symbols "CG ...
Crown Royal and FORVR Mood Co-Founder, Jackie Aina, Partner to Release Limited-Edition Candle Inspired by Popular New Flavor Crown Royal Blackberry Flavored Whisky
Prnewswire· 2024-06-12 14:00
Product Launch and Collaboration - Crown Royal has launched a new Blackberry Flavored Whisky with an ABV of 35%, available nationwide for a limited time at a suggested retail price of $26.99 for a 750mL bottle [2] - The company has partnered with Jackie Aina, a beauty and lifestyle creator, and her brand FORVR Mood to celebrate the launch with a limited-edition candle titled "Berry On Top," featuring notes of blackberry, whisky accord, and vanilla [7] - The Crown Royal Blackberry Stand, a two-day pop-up shop in Los Angeles, will feature signature cocktails and the exclusive "Berry On Top" candle, while also supporting the Black Girl Ventures Foundation [7][12] Brand and Market Position - Crown Royal is the number-one selling Canadian whisky brand globally, known for its smooth, elegant flavor and regal origins dating back to 1939 [8] - The brand is part of Diageo, a global leader in beverage alcohol with a portfolio of premium brands including Johnnie Walker, Smirnoff, and Guinness [9] - FORVR Mood, founded by Jackie Aina, has a strong market presence with a pre-launch waitlist of over 45,000 customers for its debut candle collection in 2020 [7][11] Corporate Social Responsibility - Crown Royal is donating $50,000 to the Black Girl Ventures Foundation through the Crown Royal Generosity Fund, with half of the donation supporting the BGV Pitch Program [12] - The partnership with FORVR Mood and Jackie Aina aligns with Crown Royal's vision of supporting entrepreneurship and creativity, particularly for underrepresented founders [1][12]
3 Comeback Stocks Set to Reclaim Their Crown
Investor Place· 2024-06-12 10:30
Spotting comeback stocks is important since they frequently indicate underlying strength and the prospect of large returns. Fundamentally, these stocks can rise from their current lows to all-time highs. They can overcome adversity and advance with strong business models, strategic flexibility, and operational efficiency, which may promote long-term growth. Here is an exploration of the unique qualities of these top three comeback stocks that set them apart in their respective fields. These companies share ...
CROWN ROYAL EXPANDS HORIZONS WITH NEW SINGLE MALT CANADIAN WHISKY EXPRESSION
Prnewswire· 2024-06-04 14:00
Distilled Delicately in Canada's Cool Climate, Crown Royal Single Malt Canadian Whisky is 'Cut from the Cold' NEW YORK, June 4, 2024 /PRNewswire/ -- Award-winning Canadian whisky brand, Crown Royal, is proud to continue their legacy of innovation with the release of Crown Royal Single Malt Canadian Whisky. This is the brand's first venture into the single malt market, and the liquid offers a unique experience to whisky connoisseurs and adventure-seekers alike. Its welcoming taste and smooth finish are hallm ...
Crown (CCK) Up 0.6% Since Last Earnings Report: Can It Continue?
zacks.com· 2024-05-29 16:35
It has been about a month since the last earnings report for Crown Holdings (CCK) . Shares have added about 0.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Crown due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Crown Holdings Q1 Earnings Beat, Sales Lag Estim ...