Group 1: SGA Global Growth Strategy Overview - SGA's Global Growth Strategy portfolio returned -2.3% (Gross) and -2.5% (Net) in Q3 2025, underperforming the MSCI ACWI's 7.6% and MSCI ACWI Growth's 9.0% returns, primarily due to enthusiasm for AI overshadowing factors like quality and sales stability [1] - The investment objective of SGA is to invest in high-quality growth businesses expected to achieve consistent mid-teens earnings growth, along with stable revenue and cash flow [1] Group 2: SAP SE Analysis - SAP SE is a leading provider of enterprise application and business solutions, with a one-month return of 2.49% and a 52-week loss of 4.10%, closing at $236.92 per share on January 2, 2026, with a market capitalization of $276.437 billion [2] - SAP is recognized as the global leader in ERP application software, serving over 100,000 customers across more than 120 countries, and generates significant free cash flow from recurring, high-margin software maintenance and cloud subscription fees [3] - The enterprise application software market is projected to grow at mid-to-high single-digit rates annually, with SAP's transition from license to subscription expected to yield more predictable and substantial recurring cash flows over time, evidenced by over 25% organic order growth in cloud subscription products [3]

Core Viewpoint - Clorox, a Dividend King, is currently facing challenges but presents a strong investment opportunity due to its high dividend yield and potential for recovery [1][12][17] Group 1: Company Challenges - Clorox has experienced a nearly 60% decline from its peak stock price due to multiple issues, including increased production costs, inflation, and a severe cyberattack in 2023 that cost approximately $380 million [1][5][6] - The transition to new enterprise resource planning (ERP) software has also contributed to operational disruptions, impacting revenue and earnings [6][12] Group 2: Business Performance Indicators - Despite recent struggles, Clorox's revenue and profits have shown improvement since 2024, with a notable rebound in return on invested capital (ROIC), currently at 25%, aligning with pre-pandemic levels [7][9] - Clorox's product innovation and strong brand reputation help maintain its competitive edge, despite the commoditized nature of some of its products [10][11] Group 3: Dividend and Valuation - Clorox boasts a current dividend yield of nearly 5%, the highest in its history, and has a dividend payout ratio of 72% of next year's earnings estimates, which is manageable given its strong balance sheet [12][14] - The stock is currently undervalued with a price-to-earnings ratio of less than 15, suggesting potential for capital gains as the company regains market trust [16]

Excluding prior year self-insurance adjustments, organic growth, adjusted EPS and adjusted EBITDA exceed management expectationsFourth quarter revenue was a record $2.3 billion, an increase of 5.4% over the prior year, with organic growth of 4.8% contributing meaningfully to overall performanceNet income for the quarter totaled $34.8 million, or $0.56 per diluted share, improving from a net loss of $(11.7) million, or $(0.19) per share, a year agoAdjusted diluted EPS was $0.88, which includes a $(0.26) impa ...

Magellan Asset Management, an investment management company, released the third quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As measured by the MSCI World Index in USD, the global equities rose 7.3% in the September quarter. The portfolio underperformed the index in the quarter due strong p ...

Core Insights - TrustBIX Inc. has received final acceptance from the TSX Venture Exchange for the acquisition of an Indoor Farm Management System (IFMS) asset from Mindsgate Ltd. [1] - The IFMS is a comprehensive platform designed for indoor farming, integrating various functionalities such as IoT device management, AI-driven plant recognition, and resource tracking [2]. Transaction Details - TrustBIX acquired the IFMS asset by issuing 6,000,000 units at a deemed price of $0.035 per unit, with each unit consisting of one common share and one warrant [3]. - Each warrant allows the holder to purchase one common share at a price of $0.08 for two years from the closing date [3]. Regulatory Compliance - All securities issued under the transaction are subject to a statutory hold period of four months and one day in accordance with Canadian securities laws [4]. Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices in the agri-food sector [5].

Core Insights - Intuit Inc. has launched the Intuit Enterprise Suite in collaboration with Rehmann to support mid-market businesses by utilizing artificial intelligence within a streamlined ERP platform [1][2][6] Group 1: Partnership and Offerings - The partnership aims to address the challenges faced by SMEs with outdated ERP systems, consolidating multiple applications into a single intelligent platform [2][6] - The Intuit Enterprise Suite will provide functionalities such as multi-entity financial management, business intelligence reporting, payroll, and marketing [2][3] Group 2: Practical Applications - The suite is designed to automate routine accounting tasks and provide insights through advanced AI capabilities, facilitating a smooth transition for clients moving from QuickBooks [3][4] - The integration of advanced technology may present challenges, including financial hurdles for small business owners and the need for staff training to adapt to the new platform [4][5] Group 3: Strategic Importance - The collaboration emphasizes innovation and operational excellence, positioning both Intuit and Rehmann to enhance financial clarity and support long-term growth for mid-market businesses [4][6] - By adopting the Intuit Enterprise Suite, small business owners may improve their ability to navigate the competitive market landscape, leveraging technology for better decision-making [6][7]

Core Insights - TMA Systems has launched a Workday Design Approved Integration, connecting WebTMA with Workday Financial Management to enhance data-driven decision-making [1][6] - The integration provides a unified source of truth for labor, cost, and asset data, streamlining operations and eliminating manual entry [2][6] - TMA Systems aims to empower organizations by providing real-time insights into financial and operational performance, which is already benefiting higher education institutions [3][6] Company Overview - TMA Systems has over 30 years of experience in delivering maintenance management software, focusing on asset and facilities management [4] - The company has completed six acquisitions since 2021, including the recent acquisition of Virtual Facility, an AI-driven alarm intelligence company [7][8] - TMA Systems serves various sectors, including education, healthcare, government, and corporate, aiming to reduce downtime and control costs [4][7]

Core Insights - Intuit has partnered with Rehmann to launch the Intuit Enterprise Suite, a cloud-based ERP system aimed at mid-market businesses, focusing on multi-entity accounting and reporting complexities [1][2] - The collaboration seeks to enhance financial management through automation and AI-driven capabilities, providing a seamless upgrade experience for clients currently using QuickBooks [2][4] - The suite includes features such as financial management, payments processing, business intelligence tools, payroll, and human resources management, all within a unified platform [3][4] Company Strategy - Rehmann aims to leverage the Intuit Enterprise Suite to improve its clients' accounting processes and support their growth through innovative solutions [2][5] - The partnership emphasizes a commitment to operational excellence and innovation, with a focus on delivering data-driven insights for better decision-making [3][5] - Intuit's strategy includes expanding its ERP offerings through collaborations with firms like Rehmann and Cherry Bekaert, targeting businesses seeking advanced financial management tools [5]

Core Insights - Trackonomy collaborates with Delta Cargo to launch the Pulse platform, enhancing shipment transparency and operational reliability in air cargo operations [1][2][5] Company Overview - Trackonomy is a leader in Physical AI and smart logistics solutions, focusing on real-time intelligence and automation in logistics and supply chain management [7] - Delta Cargo, the air freight division of Delta Air Lines, serves over 290 destinations and transported over 11 million pieces of cargo in 2024 [9][10] Technology and Innovation - The Pulse platform utilizes Trackonomy's visibility technology to provide real-time location intelligence and proactive alerts for potential disruptions, improving operational efficiency [2][3] - Built on Trackonomy's Sentient Platform, Pulse integrates various data sources for predictive analytics and autonomous intervention, creating a self-optimizing network [3][4] Operational Impact - Pulse enables gate-level cargo visibility and real-time status updates, facilitating a seamless flow of data and enhancing tracking capabilities for air freight [4][5] - The system is currently active for DASH and DASH Critical shipments at multiple major U.S. airports, including Atlanta, New York, and Los Angeles [5][6] Customer Experience - Customers benefit from automatic real-time tracking through SmartTape tags, enhancing the visibility of their shipments without additional steps [6]

Core Viewpoint - The Clorox Company (NYSE:CLX) reported a significant revenue decline of 19% to $1.43 billion in its fiscal first quarter, attributed to an ERP software change, which has led to a new trading environment where consumer goods stocks are less favored by investors [2][3]. Financial Performance - Clorox's revenue dropped 19% to $1.43 billion, surpassing analyst estimates of $1.39 billion [2]. - The company's stock has declined over 30% for the year, reflecting broader market concerns regarding consumer packaged goods amid economic uncertainties [3]. Market Sentiment - Jim Cramer noted that the current market environment has shifted, with investors less willing to invest in consumer goods stocks during economic worries, contrasting with past behaviors [3]. - Cramer suggested that the recent dip in Clorox's shares may have reached a bottom, indicating potential for recovery as the stock was perceived to be undervalued after a poor quarter [2][3].