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Strong U.S. dollar and high yields weaken gold fundamentals, but price still has a path to $3,000/oz in 2025 – City Index's Razaqzada
KITCO· 2024-12-27 19:11
Core Viewpoint - The article discusses the current state and future projections of the gold market, highlighting potential trends and shifts in investor behavior towards gold as a safe-haven asset [1]. Group 1 - The gold market is expected to experience significant changes by 2025, with potential shifts in demand and pricing dynamics [1]. - Investors are increasingly viewing gold as a hedge against economic uncertainty, which may drive up its value in the coming years [1]. - The article emphasizes the importance of monitoring market trends and economic indicators that could influence gold prices [1].
City View Green Announces First Tranche Closing and Extension of Its Non-Brokered Private Placement
Newsfile· 2024-12-23 13:27
Company Overview - City View Green Holdings Inc. is an innovative Canadian-based cannabis-infused edibles manufacturing company [7] - The company received its Cannabis Act processing license on April 30, 2021 [13] Offering Details - The company has completed the first tranche of its non-brokered private placement, issuing 23,475,000 units for gross proceeds of $234,750 [7] - The remaining balance of units available for sale under the offering will remain open until January 31, 2025 [1] - All securities issued under the first tranche are subject to a hold period expiring on April 21, 2025 [7] Insider Participation - Rob Fia, the company's President, CEO, and director, participated in the first tranche by purchasing 4,000,000 units for $40,000 [8] - The participation by the insider is considered a related party transaction, but the company is exempt from obtaining a formal valuation and minority shareholder approval [8]
Party City going out of business after 40 years
Fox Business· 2024-12-20 22:21
Core Insights - Party City is permanently shutting down due to ongoing operational challenges, with CEO Barry Litwin stating that the company's efforts have not been sufficient to overcome these issues [1][4] - The company is expected to initiate widespread store closures starting in February, impacting corporate employees who will lose their jobs [1][2] Company Background - As of late October, Party City operated over 700 company-owned and franchised stores across North America [2] - The company had recently exited bankruptcy approximately 14 months ago, having eliminated nearly $1 billion in debt and improved its capital structure [3] Financial Challenges - The retailer has faced difficulties attributed to inflation, debt, and other factors, which have significantly impacted its operations [5] - Speculation regarding a potential second bankruptcy filing surfaced prior to the announcement of the shutdown [3] Market Presence - Party City was delisted from the New York Stock Exchange in January 2023 following its bankruptcy process, after trading on the exchange for about eight years [7]
Party City to close all of its stores, report says
CNBC· 2024-12-20 19:38
Company Overview - Party City exited bankruptcy in September 2023, transitioning into a privately held company and canceling nearly $1 billion in debt, with a majority of its 800 U.S. stores remaining open [1] - The company announced it will close all of its stores and has initiated corporate layoffs effective immediately [7] Leadership and Management - CEO Barry Litwin communicated to employees that the company must "commence a winddown process immediately," indicating that Friday would be their last day of work [3][5] - Litwin was appointed CEO in August and previously led Global Industrial Company, a distribution leader in industrial products [4][8] Financial Challenges - The closure is attributed to ongoing financial challenges, as Party City had filed for bankruptcy protection less than two years ago due to an inability to pay off $1.7 billion in debt [9] - The company faced increased competition in the party goods and costume space, particularly from Spirit Halloween, which has expanded its operations [6][10] Market Dynamics - Online retailers have added pressure to Party City's operations, despite the company beginning to offer items on Amazon in 2018 [10]
City Office: Cash Flow Growth, Proven Strategy, And Extremely Undervalued
Seeking Alpha· 2024-12-20 15:01
Group 1 - City Office REIT, Inc. (NYSE: CIO) has demonstrated cash flow growth for over a decade, attributed to a proven strategy focused on investments in growth real estate markets in the United States [3] - The management of City Office REIT has accumulated significant expertise, which contributes to the company's successful investment strategy [3] Group 2 - The company primarily targets small and medium-cap companies in various regions, including Europe, the United States, and South America, with a focus on mature industries such as mining, oil and gas, and real estate [2] - The investment strategy emphasizes M&A deals, deep value investments, and dividend investing, aiming for an internal rate of return of approximately 5%-7% [2]
City Office REIT Provides Update on Impactful Leasing
Prnewswire· 2024-12-18 21:05
VANCOUVER, Dec. 18, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that it has signed a 60,000 square foot lease with an existing tenant at its premier Terraces property located in Dallas, Texas. The lease extends the tenant's existing 44,000 square foot space until 2036 and expands the tenant's space by 16,000 square feet.  Including the expansion space, which is expected to commence in early 2026, the property is now 95% leased.  In addition ...
City Office REIT: Undervalued As Fed Cuts Rates
Seeking Alpha· 2024-12-16 04:53
City Office REIT (NYSE: CIO ) is swapping hands for 3.2x its annualized fiscal 2024 third-quarter free cash flow. The office REIT generated a free cash flow of $18.28 million in the third quarter, up sequentially and far in excessThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tick ...
City Office REIT Announces Dividends for Fourth Quarter 2024
Prnewswire· 2024-12-13 21:05
VANCOUVER, Dec. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the fourth quarter of 2024.  Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payabl ...
Toll Brothers Announces New Luxury Home Community Coming Soon to Carson City, Nevada
GlobeNewswire News Room· 2024-12-12 16:38
CARSON CITY, Nev., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Venado Valley, is coming soon to the intersection of North Ormsby Boulevard and West Washington Street in Carson City, Nevada. Construction of the Sales Center and model homes is currently underway, and sales are expected to begin in spring 2025. Venado Valley by Toll Brothers will be a brand-new luxury community of 40 single-family homes in ...
Party City weighing second bankruptcy in less than two years: report
New York Post· 2024-12-12 06:59
The party may be winding down.Party City is planning to file for its second bankruptcy in nearly two years as the company’s sales figures continue to struggle, according to a report.The New Jersey-based party supply and craft retailer is behind on rent in some of its 850 locations across the US, Bloomberg News reported on Tuesday, citing people familiar with the matter. 4 A general view of a Party City store with a “closing” sign on 34th Street in New York, on April 19, 2023. Christopher SadowskiParty Cit ...