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Dollar General: I Was Dead Wrong, Thesis Revisited (Rating Downgrade)
Seeking Alpha· 2024-09-06 09:56
jetcityimage Dollar General (NYSE:DG) has to be the worst bull thesis of my life. Barely 18 months ago, I issued a rare "strong-buy" rating when this stock traded at $212 apiece, well above today's price of $80 and sinking. The retailer has recently announced earnings and guidance that sent investors running to the exits in a stampede. As shares approach a massive drawdown of 70% (see purple line below), this seems to be the perfect time to revisit the failed thesis. Is DG a bargain stock, trading at a mere ...
Lifeist Announces Results of Annual General and Special Meeting of Shareholders
GlobeNewswire News Room· 2024-09-05 20:19
TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B0) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to support human wellness in innovative ways, today announced the results of the Company’s Annual General and Special Meeting of the shareholders held earlier today (the “AGSM”). A total of 13,837,781 common shares were represented in person or by proxy at the AGSM, representing 39.92% of th ...
Middlesex Water General Counsel, Jay L. Kooper, Named a 2024 New Jersey Legal Awards Finalist
GlobeNewswire News Room· 2024-09-05 20:05
ISELIN, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce that its Vice President, General Counsel and Secretary, Jay L. Kooper, has been named a finalist in the 2024 New Jersey Legal Awards, sponsored by the New Jersey Law Journal. Kooper was named a finalist in the In-House Impact awards category. Finalists were selected for 18 different legal categories by an independent panel of judges. The ...
General Motors (GM) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-09-04 22:50
General Motors (GM) closed at $48.45 in the latest trading session, marking a +0.08% move from the prior day. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%.Prior to today's trading, shares of the an automotive manufacturer had gained 19.21% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 3.41% and the S&P 500's gain of 3.64% in that time.The upcoming earnings r ...
General Dynamics Mission Systems Awarded $491.6 Million Design and Development Contract for Space Development Agency's Ground, Management and Integration Program
Prnewswire· 2024-09-04 21:00
Building upon the innovation and success of the Tranche 1 Operations and Integration contract, General Dynamics will evolve the ground system architecture under the Ground, Management and Integration program to support development of Proliferated Warfighter Space Architecture mission capabilities for future tranches.FAIRFAX, Va., Sept. 4, 2024 /PRNewswire/ -- General Dynamics Missions Systems, a business unit of General Dynamics (NYSE:GD), announced today it was awarded a $491.6 million contract by the Spac ...
Dollar General Stock Crashes. Should Investors Buy the Dip or Stay Away?
The Motley Fool· 2024-09-04 09:40
The stock is trading at its lowest level in more than five years.Dollar General (DG 0.99%) shares lost nearly a third of their value after the discount retailer issued weak guidance with its fiscal Q2 results on Aug. 29. The plunge sent the stock to its lowest levels in more than five years.Let's examine the company's earnings report and guidance and see if this is an opportunity to buy the shares on the dip, or if investors should stay away.Lower-income consumers are under pressureFor its fiscal second qua ...
Borr Drilling Limited - Notice of Special General Meeting of Shareholders
Prnewswire· 2024-09-03 21:32
HAMILTON, Bermuda, Sept. 3, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that the Company will hold a Special General Meeting on Tuesday, October 1st, 2024 to approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorise the Board of Directors to take steps to implement the delisting including filing an application to the Oslo Stock Exchange on behalf of the Company.The Board of Directors has fixed 5:00 p.m. Bermuda time on ...
Trading Near 52-Week High, Why GM Stock is Still Worth Buying Now
ZACKS· 2024-09-03 15:06
U.S. legacy automaker General Motors (GM) is having a great run on the bourses lately. In the last four trading sessions, the stock was hovering at more than $49/share, closing at $49.78 on Friday. That’s quite close to its 52-week high of $50.50.One of the world’s largest and trusted automakers with a market cap of more than $55 billion, General Motors held the largest share of the U.S. auto market at 16.2% in 2023. While GM’s internal combustion engine (“ICE”) pickups and SUVs have been popular and profit ...
Dollar General's 30% Stock Crash Makes These Alternatives Look Like Bargain Deals
Forbes· 2024-09-03 11:15
AUSTIN, TEXAS - AUGUST 30: The exterior of a Dollar General convenience store on August 30, 2024 in ... [+] Austin, Texas. Dollar General stock fell 32% after cutting its full-year outlook. The drop is the company's largest on record. (Photo by Brandon Bell/Getty Images)Getty ImagesIf you are a Dollar General investor reeling from the stock’s 30% plus drop on Thursday after it slashed its full-year revenue growth and profit forecasts, it might be time to look elsewhere. As of this moment, we find that Brook ...
W&T Offshore Announces Appointment of General Counsel
GlobeNewswire News Room· 2024-09-03 10:45
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the appointment of George J. Hittner as Executive Vice President, General Counsel and Corporate Secretary, effective September 1, 2024. Mr. Hittner brings a unique and extensive combination of legal, corporate and legislative experience in both the public and private sectors. Tracy W. Krohn, Chairman and Chief Executive Officer, commented, “We are excited to have George join our executive team ...