Market Overview - The majority of U.S. stock indices ended the week positively, with a notable rise on April 11, 2025, as investor concerns regarding the U.S.-China trade war eased [1] - Producer price data indicating a decline in wholesale inflation for March contributed to investor optimism, reflected in rising share prices [1] Investment Strategy - Investors are encouraged to consider low-leverage stocks to mitigate risks during market volatility [2][6] - Low-leverage stocks are defined as those with a debt-to-equity ratio lower than their industry peers, which indicates reduced financial risk [9][11] Leverage and Financial Metrics - Leverage refers to the practice of borrowing capital for operations and expansion, primarily through debt financing [4] - Excessive debt financing can lead to significant losses, making it crucial for investors to select companies with lower debt levels [5][6] - The debt-to-equity ratio is a key metric for assessing a company's financial risk, with a lower ratio indicating better solvency [7] Stock Picks - **Bilibili (BILI)**: An online entertainment platform in China, with a projected 11% sales improvement for 2025 and a Zacks Rank of 2 [13][14] - **Willdan Group (WLDN)**: Provides consulting services and has secured a $30 million contract for energy modernization, with a 13.2% earnings improvement forecast for 2025 and a Zacks Rank of 1 [15][16] - **Sterling Infrastructure (STRL)**: Focuses on E-Infrastructure and has a long-term earnings growth rate of 15%, with a 34.6% earnings improvement expected for 2025 and a Zacks Rank of 1 [17][18] - **ASML Holding (ASML)**: A leading semiconductor technology manufacturer, with an 18% long-term earnings growth rate and a 14.1% sales improvement forecast for 2025, holding a Zacks Rank of 2 [19][20] - **Leonardo DRS (DRS)**: Develops defense products, with a long-term earnings growth rate of 14.6% and an 8.4% sales improvement expected for 2025, currently holding a Zacks Rank of 1 [20][21]

As filed with the U.S. Securities and Exchange Commission on April 14, 2025. Registration No. 333-284777 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ Real Asset Acquisition Corp. (Exact name of registrant as specified in its charter) _____________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | ...

As filed with the U.S. Securities and Exchange Commission on April 1, 2025. Registration No. 333-284777 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ Real Asset Acquisition Corp. (Exact name of registrant as specified in its charter) _____________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | ...

Company Overview - Legato Merger Corp. III is a Cayman Islands exempted company focused on mergers, share exchanges, asset acquisitions, and similar business combinations with various businesses or entities [2] - The company intends to initially target businesses in the infrastructure, engineering and construction, industrial, and renewables industries [2] - The management team includes Gregory Monahan (CEO), Eric S. Rosenfeld (Chief SPAC Officer), Adam Jaffe (CFO), and other directors [2] Financial Disclosure - The company announced an audit opinion from its independent registered public accounting firm, which included an explanatory paragraph regarding its ability to continue as a going concern [1] - This announcement follows the filing of the Annual Report on Form 10-K for the year ended November 30, 2024, which was submitted to the SEC on February 19, 2025 [1] - The announcement does not represent any changes to the company's financial statements or the Annual Report [1]

174 Nassau Street, Suite 2100 Princeton, New Jersey 08542 Tel: (609) 924-0759 (Address, including zip code, and telephone number, including area code, of registrant's principal executive As filed with the U.S. Securities and Exchange Commission on February 7, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ Real Asset ...

As filed with the U.S. Securities and Exchange Commission on February 7, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ Real Asset Acquisition Corp. (Exact name of registrant as specified in its charter) _____________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other jurisd ...

Financial Data and Key Metrics Changes - The company reported revenue growth of 3% for 2024, with total revenue reaching approximately $63 billion [6][18] - Free cash flow for the year was $12.7 billion, marking the highest level of free cash flow generation in many years [6][18] - Operating pre-tax income was $11.2 billion, with operating earnings per share at $10.33, reflecting a 7% increase [18][22] - The operating pre-tax margin expanded by 120 basis points, contributing to a 9% growth in operating pre-tax profit and a 14% increase in free cash flow [18][19] Business Line Data and Key Metrics Changes - Software revenue grew by 9% for the full year, with a notable 11% growth in Q4, driven by strong performance in Red Hat, automation, data and AI, and transaction processing [18][20][24] - Consulting revenue was up 1% for the year but down 1% in Q4, impacted by a dynamic market environment [19][20][29] - Infrastructure revenue decreased by 3% for the year and 6% in Q4, reflecting product cycle dynamics, particularly with the Z16 mainframe [19][20][32] Market Data and Key Metrics Changes - The software segment now constitutes about 45% of the company's business, with over $15 billion in annual recurring revenue (ARR) growing at double digits [10][18] - The generative AI book of business grew to over $5 billion, with a quarter-over-quarter increase of approximately $2 billion [11][12] - The company reported strong signings and a healthy backlog, with an 8% year-over-year increase in backlog levels [30] Company Strategy and Development Direction - The company aims for revenue growth to inflect higher to 5% plus in 2025, supported by a strong portfolio and ongoing investments in innovation [16][36] - The focus remains on enhancing the software-led integrated platform, with expectations of approaching double-digit growth in software [36][37] - The company is actively pursuing M&A opportunities, particularly in a more favorable regulatory environment, to enhance its capabilities [51][52] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of technology in driving sustainable growth amid geopolitical tensions, interest rate volatility, and evolving cyber threats [9][81] - There is optimism in the business climate for 2025, with expectations of improved growth compared to 2024 [81] - The company anticipates that software budgets will remain a priority for clients, reinforcing confidence in revenue growth [83] Other Important Information - The company has made significant investments in R&D, with expenses up 13% year-over-year, reflecting a commitment to innovation [21][23] - The balance sheet remains strong, with cash of $14.8 billion and a reduction in debt by $1.6 billion to $55 billion [23] Q&A Session Summary Question: Can you provide context around linearity for the 2025 guidance, particularly H1 versus H2? - Management indicated a strong portfolio execution in software, with expectations of a normal seasonal pattern, and noted that consulting growth may accelerate in the second half of the year [45][46] Question: What are the thoughts on M&A in a potentially lower regulatory environment? - Management expressed optimism about a more rational regulatory environment, which could facilitate reasonable deals, and indicated a willingness to pursue acquisitions that meet their criteria [51][52] Question: Can you highlight the confidence in consulting revenue recovery? - Management acknowledged the dynamic macroeconomic environment but expressed confidence in the consulting segment's growth potential, particularly driven by generative AI initiatives [60][62] Question: What software products are expected to stand out in the coming years? - Management highlighted the Watson X family and Red Hat products as key drivers of future software performance, emphasizing their role in enterprise AI deployments [63][64]