The Awareness Group (TAG) and Freedom Holdings Close Reverse Merger Agreement lf Nvidia's stock continues to decline due to bearish sentiment and breaks through key support. levels, the potential downside tarqets could be as follows: 1. $100: Immediate psychological support level. 2. $95: Next key support level based on historical data. 3. $90: Further support level if the decline continues. Led by industry veteran Pablo Diaz, TAG is an emerging alternative energy company with solar, blockchain, marketing a ...

Brunswick Corporation's (BC) Freedom Boat Club (FBC), the world's largest boat club network, acquired the South Florida franchise operations and territory. The acquisition adds 13 corporate locations from Pompano Beach to Stuart, FL, accelerating the company's growth and expanding its corporate presence along the Southeast Florida coastline. Brunswick's shares moved up 4.4% during trading hours on Sept. 13, 2024. Situated near Freedom Boat Club's existing corporate locations in Fort Lauderdale, Miami, and I ...

VENICE, Fla., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Today, Freedom Boat Club, the world's largest boat club operator and a Brunswick Corporation (NYSE: BC) brand, announced its acquisition of the South Florida franchise operations and territory. Through this acquisition, Freedom Boat Club adds 13 corporate locations from Pompano Beach to Stuart, Florida, with the rights to expand throughout the Southeast Florida coastline. Located directly adjacent to Freedom's already established corporate locations in Fort L ...

Company Overview - Apollo-managed funds have acquired a majority interest in Freedom CNG, which operates compressed natural gas (CNG) and renewable natural gas (RNG) fueling infrastructure in Texas [1][2] - Freedom CNG was founded in 2012 and has developed a network of high-capacity fueling stations in the Houston Metro area, serving various customers including logistics companies and municipalities [2][7] Growth Potential - Freedom has established relationships with blue-chip customers and has significant growth potential through both organic and inorganic initiatives [3] - The company aims to meet the increasing demand for low-carbon alternative fuels, leveraging its experience and resources from Apollo [3][4] Market Context - Transportation accounts for over 25% of U.S. energy consumption, highlighting the need for sustainable energy solutions [3] - CNG, particularly when sourced as RNG from landfills, offers a cost-effective alternative that significantly reduces emissions while maintaining operational efficiency [3] Investment Strategy - Over the past five years, Apollo-managed funds have invested approximately $40 billion in energy transition and sustainability-related projects, including renewable fuels and infrastructure [4] - Apollo's strategy focuses on supporting the energy transition and providing capital solutions for growth in the clean energy sector [6]

Core Viewpoint - Freedom Financial Holdings reported strong earnings for the second quarter of 2024, with net income of $2,044,233 or $0.28 per diluted share, reflecting a significant increase compared to previous quarters and the same period last year [8]. Financial Performance - Net income for the six months ended June 30, 2024, was $3,208,460 or $0.44 per diluted share, compared to $3,006,710 or $0.41 per diluted share for the same period in 2023 [8]. - The company achieved a return on average assets (ROAA) of 0.75% for the quarter ended June 30, 2024, up from 0.43% in the previous quarter [8]. - Return on average equity (ROAE) was 10.71% for the quarter ended June 30, 2024, compared to 6.05% for the previous quarter [8]. Asset and Liability Management - Total assets increased to $1.10 billion on June 30, 2024, up by $11.44 million or 1.05% from December 31, 2023 [8][9]. - Total deposits decreased by $14.73 million or 1.65% during the quarter, largely due to seasonal activity [8]. - Non-interest-bearing demand deposits decreased by $5.21 million, representing 15.52% of total deposits on June 30, 2024 [8]. Capital Ratios - The company maintained strong capital ratios, with a leverage ratio of 10.28%, a common equity tier 1 ratio of 13.05%, and a total capital ratio of 14.01% as of June 30, 2024 [8][9]. - Tangible book value per share increased to $11.11 on June 30, 2024, compared to $10.78 on December 31, 2023 [8][9]. Loan Performance - Loans held-for-investment (excluding PPP loans) increased by $14.99 million or 1.97% during the quarter [8]. - The ratio of non-accrual loans to loans held-for-investment was 1.49% on June 30, 2024, down from 1.74% in the previous quarter [8][9]. - The company recorded a negative loan loss provision of $1,167,997 in the second quarter, reducing the allowance for losses [8][9]. Non-Interest Income and Expenses - Non-interest income increased by 3.66% compared to the linked quarter, primarily due to higher revenue from mortgage loans [8]. - Non-interest expense decreased by 2.80% compared to the linked quarter, attributed to lower compensation and occupancy costs [8].

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Financial Performance - Freedom Holding reported consolidated revenue of $1.64 billion for fiscal 2024, a 105.5% increase year-over-year, and net profit of $375 million, an 82.4% increase year-over-year, resulting in an EPS of $6.37, up 93.6% year-over-year [1] - The company's assets grew from $5 billion to $8.3 billion, marking a 63% increase, with significant growth in margin lending, brokerage receivables, issued loans, and trading securities [8] Market Position and Valuation - Freedom Holding is relatively under-covered in the market, which may present hidden investment opportunities [1] - The company faces challenges in comparative valuation due to a lack of direct peers in the Central Asian region, with Kaspi being the closest comparable entity [2] - The current price-to-earnings ratio is 14.55x, with a projected decline to 13.77x, indicating a potential target price of $122.80 by the end of 2025, representing an upside potential of 50.4% [4] Business Segments and Growth Strategy - The brokerage business generated $617 million in revenue, a 60.4% increase, while banking revenues surged 151% to $615 million, and the insurance segment doubled to $341 million [21] - The company integrated 13 new companies and expanded into new markets, including Austria, Belgium, Bulgaria, Italy, and the Netherlands, indicating a strong organic growth strategy [21] - Freedom Holding has diversified its investments beyond financial services, investing over $100 million into startups and acquiring a payment system, which supports its vision of developing a comprehensive digital fintech ecosystem [21] Regulatory and Market Sentiment - The negative perception of Freedom Holding as a target for short sellers is expected to diminish, potentially reducing the discount applied to its valuation [2] - The company has effectively addressed allegations made by Hindenburg Research, which has likely improved its credibility in the market [12][21]

PART I [Business](index=6&type=section&id=Item%201.%20Business) Freedom Holding Corp. offers brokerage, banking, and insurance services, primarily in Kazakhstan and Europe, leveraging a digital fintech ecosystem and strategic acquisitions - The company has realigned its business into four new reportable segments starting in calendar 2024: Brokerage, Banking, Insurance, and Other[22](index=22&type=chunk) Company Snapshot (as of March 31, 2024) | Metric | Value | | :--- | :--- | | Employees | 6,197 | | Total Offices | 161 | | - Brokerage Offices | 46 | | - Insurance Offices | 52 | | - Banking Offices | 20 | | Retail Brokerage Customer Accounts | 530,000 | - FRHC's business strategy focuses on opportunistic acquisitions, creating an integrated digital fintech ecosystem, continued organic growth into new countries, adhering to conservative risk management, and aspiring to excellence in governance and compliance[31](index=31&type=chunk)[32](index=32&type=chunk)[36](index=36&type=chunk) - The company is expanding its digital fintech ecosystem by entering the telecommunications market in Kazakhstan through its subsidiary, Freedom Telecom, and the media market through Freedom Media[61](index=61&type=chunk)[62](index=62&type=chunk)[63](index=63&type=chunk) [Products and Services](index=8&type=section&id=Item%201.%20Business-Products%20and%20Services) The company operates through Brokerage, Banking, Insurance, and Other segments, offering diverse financial and ancillary digital services Brokerage Customer Account Growth | Date | Total Accounts | Active Accounts | | :--- | :--- | :--- | | March 31, 2024 | 530,000 | 96,000 | | March 31, 2023 | 370,000 | 52,000 | | March 31, 2022 | 250,000 | 53,000 | Freedom Bank KZ Key Metrics (YoY Change as of March 31, 2024) | Metric | YoY Growth | | :--- | :--- | | Assets | +52% | | Loan Portfolio | +68% | | Deposit Portfolio | +47% | | Trading Portfolio | +69% | - Freedom Bank KZ is a leader in digital banking in Kazakhstan, offering innovative products like digital mortgages (**7,747 issued in FY2024**) and digital car loans (**14,202 issued in FY2024**)[47](index=47&type=chunk)[50](index=50&type=chunk) - The Insurance segment, consisting of Freedom Life and Freedom Insurance, was acquired in May 2022 from the company's CEO, Timur Turlov. In FY2024, Freedom Life's gross premiums grew **121%** and Freedom Insurance's written premiums grew **84%**[52](index=52&type=chunk)[54](index=54&type=chunk) [Regulation](index=19&type=section&id=Item%201.%20Business-Regulation) The company operates under extensive financial regulations across multiple jurisdictions, maintaining significant excess regulatory capital and robust AML/KYC compliance Regulatory Capital (as of March 31, 2024) | Metric | Amount (USD) | | :--- | :--- | | Aggregate Net Capital Requirements | ~$245.9 million | | Aggregate Excess Regulatory Capital | $573.3 million | - The company holds brokerage, banking, and insurance licenses in various jurisdictions, including Kazakhstan (ARDFM, AFSA), Cyprus (CySEC), and the U.S. (FINRA)[103](index=103&type=chunk) - As of March 31, 2024, customer liabilities related to sanctioned individuals and entities represented approximately **3.4%** of total customer liabilities, primarily consisting of cash in blocked accounts[134](index=134&type=chunk) - The company has implemented the Sum and Substance KYC/AML compliance suite across key subsidiaries to enhance customer verification and screening processes[135](index=135&type=chunk) [Risk Factors](index=26&type=section&id=Item%201A.%20Risk%20Factors) The company faces diverse material risks including operational, credit, related party, geopolitical, regulatory, and cybersecurity vulnerabilities - A significant portion of fee and commission income has historically been derived from transactions with FST Belize, an affiliate controlled by the CEO. In fiscal years 2024, 2023, and 2022, approximately **14%**, **60%**, and **82%** of fee and commission income, respectively, came from this relationship, which was terminated as of March 31, 2024[161](index=161&type=chunk) - The company faces revenue concentration risk, with a significant portion of trading income derived from Kazakhstan government or quasi-government debt securities (**93% in FY2024**) and fee income from specific institutional market maker customers[181](index=181&type=chunk) - The ongoing Russia-Ukraine conflict poses significant risks, including potential secondary sanctions, impacts on relationships with counterparties, and sanctions imposed by Ukraine on the CEO, Timur Turlov[220](index=220&type=chunk)[221](index=221&type=chunk)[222](index=222&type=chunk) - The company's new telecommunications (Freedom Telecom) and media businesses are expected to incur losses in their initial years, which will adversely affect consolidated net income[166](index=166&type=chunk) - In the past, material weaknesses in internal control over financial reporting were identified, related to a lack of sufficient qualified accounting personnel and control design. These were reported as remediated as of March 31, 2024[306](index=306&type=chunk)[308](index=308&type=chunk)[309](index=309&type=chunk) [Unresolved Staff Comments](index=53&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - None[321](index=321&type=chunk) [Cybersecurity](index=53&type=section&id=Item%201C.%20Cybersecurity) Cybersecurity risk management, led by the CTO, employs a three-lines-of-defense model, with no material adverse incidents reported - The cybersecurity risk governance model consists of three lines of defense: 1) CTO and IT/cybersecurity teams, 2) Chief Risk Officer and Risk Committee, and 3) Controlling Department and Audit Committee[326](index=326&type=chunk) - The company maintains an IT and cybersecurity incident management process for responding to threats and reporting material incidents to senior management and the board[325](index=325&type=chunk) - The company does not maintain insurance policies to mitigate cybersecurity risks, as it may not be available or may be more expensive than the perceived benefit[332](index=332&type=chunk) [Properties](index=54&type=section&id=Item%202.%20Properties) The company operates from 265 leased facilities and 20 owned buildings across its business segments, including its principal executive offices Property Overview | Type | Count/Area | | :--- | :--- | | Leased Facilities | 265 offices (~562,380 sq ft) | | Owned Buildings | 20 buildings (~287,913 sq ft) | [Legal Proceedings](index=54&type=section&id=Item%203.%20Legal%20Proceedings) The company faces routine legal proceedings, including an ongoing case with the Estate of Toleush Tolmakov for which $8.4 million has been deposited - The company is in litigation with the Estate of Toleush Tolmakov regarding assets from the company's predecessor, BMB Munai, Inc. An amount of **$8.4 million** has been deposited with the court in relation to this matter[342](index=342&type=chunk) [Mine Safety Disclosures](index=55&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[343](index=343&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=56&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq and KASE, with no dividends paid or anticipated, and no equity repurchases in fiscal 2024 - The company's common stock (FRHC) trades on both the Nasdaq Capital Market and the Kazakhstan Stock Exchange (KASE)[346](index=346&type=chunk) - No cash dividends have been declared or paid for the past two fiscal years, and the company does not anticipate paying dividends in the foreseeable future[348](index=348&type=chunk) - The company did not sell any unregistered equity securities or repurchase any of its equity securities during fiscal 2024[354](index=354&type=chunk)[355](index=355&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=57&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal 2024 saw significant financial growth, with total net revenues reaching **$1.635 billion** and net income **$375.0 million**, driven by strong interest, fee, and insurance income Fiscal 2024 Financial Highlights vs. Fiscal 2023 | Metric | FY 2024 | FY 2023 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Total Revenues, Net | $1,635.1M | $795.7M | +$839.4M | +105% | | Interest Income | $828.2M | $294.7M | +$533.5M | +181% | | Fee and Commission Income | $440.3M | $327.2M | +$113.1M | +35% | | Insurance Underwriting Income | $264.2M | $115.4M | +$148.8M | +129% | | Net Income | $375.0M | $205.6M | +$169.4M | +82% | | Total Assets | $8.3B | $5.1B | +$3.2B | +63% | - The company adopted the new CECL accounting standard (ASC 326) for credit losses on April 1, 2023, which changes the methodology from an incurred loss model to a lifetime expected credit loss model[364](index=364&type=chunk)[533](index=533&type=chunk) - Key factors affecting results include market conditions, significant growth in retail brokerage customers (from **370,000 to 530,000 YoY**), the divestiture of Russian subsidiaries, strategic acquisitions, and expansion into new business areas like telecommunications[367](index=367&type=chunk)[371](index=371&type=chunk) - The omnibus brokerage relationship with related party FST Belize was terminated as of March 31, 2024. This relationship contributed **14%** of fee and commission income in FY2024, down from **60%** in FY2023 and **82%** in FY2022[387](index=387&type=chunk)[389](index=389&type=chunk) [Results of Operations](index=66&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations-Results%20of%20Operations) Fiscal 2024 total revenue doubled to **$1.635 billion**, driven by significant growth in interest, fee, and insurance income, alongside a proportional increase in expenses Revenue Breakdown (FY2024 vs FY2023) | Revenue Source | FY 2024 ($M) | FY 2023 ($M) | % Change | | :--- | :--- | :--- | :--- | | Fee and commission income | 440.3 | 327.2 | +35% | | Net gain on trading securities | 133.9 | 71.1 | +88% | | Interest income | 828.2 | 294.7 | +181% | | Insurance underwriting income | 264.2 | 115.4 | +129% | | **Total Revenue, Net** | **1,635.1** | **795.7** | **+105%** | Expense Breakdown (FY2024 vs FY2023) | Expense Category | FY 2024 ($M) | FY 2023 ($M) | % Change | | :--- | :--- | :--- | :--- | | Fee and commission expense | 154.4 | 65.7 | +135% | | Interest expense | 501.1 | 208.9 | +140% | | Insurance claims incurred, net | 139.6 | 77.3 | +80% | | Payroll and bonuses | 181.0 | 81.8 | +121% | | **Total Expense** | **1,199.7** | **559.8** | **+114%** | - The increase in fee and commission income was driven by a **16%** rise in brokerage services income and a **552%** increase in payment processing commissions, the latter due to the acquisition of Paybox[425](index=425&type=chunk)[426](index=426&type=chunk) - The **140%** surge in interest expense was primarily due to a **$244.1 million** increase in interest on securities repurchase agreements used to finance the investment portfolio[457](index=457&type=chunk) [Liquidity and Capital Resources](index=82&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations-Liquidity%20and%20Capital%20Resources) Liquidity is driven by operations and debt, with total assets at **$8.3 billion** and significant capital expenditures for new business ventures Key Balance Sheet and Liquidity Metrics (as of March 31) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $545.1M | $581.4M | | Trading securities | $3,688.6M | $2,412.6M | | Total assets | $8,301.9M | $5,084.6M | | Total liabilities | $7,135.0M | $4,313.8M | | Net cash used in operating activities | ($1,064.4M) | ($951.7M) | - Short-term financing is primarily obtained through securities repurchase agreements. As of March 31, 2024, **$2.8 billion (75%)** of the trading securities portfolio was subject to repurchase obligations[522](index=522&type=chunk) - The company issued **$200 million** in bonds due 2028 in December 2023 to help finance the development of its Freedom Telecom business[524](index=524&type=chunk) - As of March 31, 2024, all regulated subsidiaries exceeded their minimum net capital and capital adequacy requirements, with aggregate excess regulatory capital of **$573.3 million**[527](index=527&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=88&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks including interest rate, foreign currency, equity price, and significant credit risk from its proprietary portfolio and margin lending - A hypothetical **100 basis point** increase in interest rates would decrease the fair market value of the investment portfolio by an estimated **$128.9 million** as of March 31, 2024[549](index=549&type=chunk) - A **10%** adverse change in the U.S. dollar's value against all other currencies would result in an estimated increase in income before tax of **$121.5 million** as of March 31, 2024[553](index=553&type=chunk) Proprietary Portfolio Credit Quality (March 31, 2024) | Rating | Value (in thousands USD) | | :--- | :--- | | >BB | $3,519,719 | | <BB | $109,740 | | Not rated | $59,161 | | **Total** | **$3,688,620** | - Margin lending receivables increased to **$1.635 billion** as of March 31, 2024. This credit risk is mitigated by real-time margin compliance monitoring and collateralization[558](index=558&type=chunk) [Financial Statements and Supplementary Data](index=92&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited financial statements with an unqualified opinion from Deloitte LLP, highlighting critical audit matters including related party transactions and credit loss allowance - The independent auditor, Deloitte LLP, issued an unqualified opinion on the financial statements for fiscal years 2024 and 2023, and on the effectiveness of internal control over financial reporting as of March 31, 2024[577](index=577&type=chunk)[579](index=579&type=chunk) - Critical Audit Matters identified by the auditor include: 1) Revenue from related party FST Belize due to the use of omnibus accounts and the magnitude of revenues; 2) Revenue recognition for payment processing IT infrastructure due to high automation and complexity; 3) The allowance for credit losses due to the significant management judgments required after adopting the new CECL standard (ASC 326)[585](index=585&type=chunk)[588](index=588&type=chunk)[593](index=593&type=chunk) Consolidated Balance Sheet Summary (in thousands USD) | Account | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$8,301,930** | **$5,084,558** | | Cash and cash equivalents | $545,084 | $581,417 | | Trading securities | $3,688,620 | $2,412,556 | | Loans issued | $1,381,715 | $826,258 | | **Total Liabilities** | **$7,134,972** | **$4,313,822** | | Securities repurchase agreement obligations | $2,756,596 | $1,517,416 | | Customer liabilities | $2,273,830 | $1,925,247 | | **Total Shareholders' Equity** | **$1,166,958** | **$770,736** | Consolidated Statement of Operations Summary (in thousands USD) | Account | Year Ended March 31, 2024 | Year Ended March 31, 2023 | | :--- | :--- | :--- | | **Total Revenue, Net** | **$1,635,080** | **$795,693** | | **Total Expense** | **$1,199,709** | **$559,755** | | Income from Continuing Operations | $374,952 | $193,162 | | **Net Income** | **$374,952** | **$205,586** | | **Net Income Attributable to Controlling Interest** | **$375,540** | **$205,140** | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=178&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with accountants on accounting and financial disclosure - None[934](index=934&type=chunk) [Controls and Procedures](index=178&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of March 31, 2024, with prior material weaknesses remediated - Management concluded that disclosure controls and procedures were effective as of March 31, 2024[935](index=935&type=chunk) - Previously reported material weaknesses in internal control over financial reporting, related to a lack of sufficient qualified technical accounting personnel and control design, have been remediated as of March 31, 2024[936](index=936&type=chunk)[938](index=938&type=chunk) - Management concluded that internal control over financial reporting was effective as of March 31, 2024, based on the COSO framework[942](index=942&type=chunk) [Other Information](index=179&type=section&id=Item%209B.%20Other%20Information) No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were adopted or terminated by directors or executive officers during the reporting period - No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were adopted or terminated by directors or executive officers during the reporting period[945](index=945&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=180&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance, including insider trading policies, is incorporated by reference from the 2024 proxy statement - The company's Board of Directors has adopted insider trading policies and procedures to promote compliance with insider trading laws[951](index=951&type=chunk) [Executive Compensation](index=180&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation information is incorporated by reference from the company's definitive 2024 proxy statement [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=180&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information for beneficial owners and management is incorporated by reference from the 2024 proxy statement [Certain Relationships and Related Transactions, and Director Independence](index=180&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on certain relationships, related transactions, and director independence is incorporated by reference from the 2024 proxy statement [Principal Accounting Fees and Services](index=180&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Principal accounting fees and services information is incorporated by reference from the company's definitive 2024 proxy statement PART IV [Exhibits, Financial Statement Schedules](index=181&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists financial statements and exhibits, including corporate governance documents and material contracts, filed as part of the annual report [Form 10-K Summary](index=183&type=section&id=Item%2016.%20Form%2010-K%20Summary) No Form 10-K summary is provided - None[963](index=963&type=chunk)

Group 1: Financial Freedom and Investment Opportunities - The concept of financial freedom, particularly the FIRE (Financial Independence, Retire Early) movement, is gaining traction as a response to workplace stress [1][11] - Companies that provide stable and predictable business models are highlighted as potential long-term investments [2] Group 2: Ceva (CEVA) - Ceva specializes in silicon and software intellectual property solutions for semiconductor and OEM companies, focusing on IoT connectivity and AI protocols [4] - In the trailing 12 months, Ceva reported a net loss of $21.19 million with revenue of $93.23 million; analysts expect a significant improvement in fiscal 2024 with an anticipated EPS of 27 cents, a 170% increase, and sales reaching $103.35 million, up 6.1% [5] - Analysts unanimously rate Ceva as a strong buy, with a price target of $2.50, indicating a potential upside of approximately 144% [7] Group 3: CRISPR Therapeutics (CRSP) - CRISPR is a gene-editing company focused on developing medicines for serious diseases, utilizing its CRISPR-associated protein 9 (Cas9) platform [30] - In the trailing 12 months, CRISPR incurred a net loss of $217.14 million with revenue of $271.71 million; while a down year is expected in fiscal 2024, sales could reach $3.31 billion in fiscal 2025 according to optimistic analysts [8] Group 4: PayPal (PYPL) - PayPal is positioned as a key player in the gig economy, with a net income of $4.34 billion and revenue of $30.43 billion in the trailing 12 months [9][10] - Analysts project an EPS of $4.21 and sales of just under $32 billion for the end of the year, translating to a top-line growth of 15% [33] Group 5: Pixelworks (PXLW) - Pixelworks develops semiconductor and software solutions, particularly in image-processing integrated circuits, and serves various markets including mobile and cinema [28] - The company reported revenue of $65.77 million in the trailing 12 months, with a year-over-year growth rate of 61.1%; however, fiscal 2024 may be a down year, with sales projected to rise to $75.73 million in fiscal 2025 [29] Group 6: PepsiCo (PEP) - PepsiCo is expected to remain relevant despite concerns over the obesity crisis, as it specializes in caffeinated beverages and energy drinks, which are projected to grow [21][35] - The company offers a forward yield of 4.16%, making it an attractive option for investors seeking stable returns [24] Group 7: Chevron (CVX) - Chevron is a major player in the integrated oil and gas sector, covering the entire hydrocarbon value chain; its profitability potential remains robust despite the push for renewable energy [37] Group 8: LTC Properties (LTC) - LTC Properties operates as a REIT focused on senior housing and healthcare properties, which is a perpetually relevant sector due to the aging population [39] - The company offers a forward yield of 6.78% and pays out monthly, making it appealing for income-focused investors [26]

Core Insights - Freedom Holdings, Inc. has engaged Olayinka Oyebola & CO Chartered Accountants for auditing financial statements as required by PCAOB [1] - The Securities Exchange Commission has taken administrative action against BF Borger CPA PC, necessitating Freedom Holdings to retain a new audit firm and reauditing the fiscal year 2023 [2] - The company is working towards gaining QB status on the OTC Markets board and is actively pursuing its business plan focused on growth in the cannabis industry [4][5] Audit and Compliance - The company has filed an 8K to reflect the change in audit firms due to the SEC's action against BF Borger CPA PC [2] - FINRA processed a Form 211 for Freedom Holdings, allowing for the initiation of priced quotations, although this does not imply approval of the security or issuer [3] Business Strategy - Freedom Holdings is negotiating potential mergers with several companies in the cannabis industry to enhance shareholder value through organic and acquisitional growth [4] - The CEO expressed gratitude to Glendale Securities for their support during the 15c211 application process, indicating a commitment to aggressively pursue the company's business plan, including cannabis product extraction and manufacturing [5]