Saturna Capital Corporation is the investment management company of Sextant Mutual Funds. Sextant Mutual Funds recently released Q1 2020 Investor Letter, a copy of which you can download here. The Sextant Growth Fund posted a return of -15.13% for the quarter, outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. […]...
Grocery chain Kroger Co (NYSE: KR) reported Thursday with first-quarter results that were highlighted by an EPS and same-store sales beat. Here's how the Street reacted.The Kroger Analysts: Wells Fargo analyst Edward Kelly maintains an Overweight rating on Kroger's stock with an unchanged $38 price target.UBS analyst Michael Lasser maintains at Neutral with an unchanged $35 price target.BofA Securities analyst Robert Ohmes maintains at Buy, unchanged $42 price target.Wells Fargo On Kroger's Q1 Kroger's stock sold off following Thursday's report, as investors found fault with the weaker-than-expected second-quarter guidance and concerning "hidden costs" in the business like the pension contribution, Kelly said in a Thursday note.Some investors seem to have concluded that Kroger in its current form "is as good as it gets" for a unionized and structurally challenged grocery chain, the analyst said. The print had multiple highlights that support a bullish stance, he said: 1\. A mid-teens quarter-to-date identical...
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]...
Saturna Capital Corporation is the investment management company of Sextant Mutual Funds. Sextant Mutual Funds recently released Q1 2020 Investor Letter, a copy of which you can download here. The Sextant Growth Fund posted a return of -15.13% for the quarter, outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. […]...
Ford Motor Company (NYSE: F) scheduled its new Bronco reveal for July 9. That's O.J. Simpson's 73rd birthday -- a man remembered less for his NFL career than for the slow-speed police chase through Los Angeles of the white 1993 Ford Bronco he was riding in after being charged with the murder of his ex-wife Nicole Brown Simpson and her friend Ronald Goldman.The chase was broadcast nationally, and the image of the white Bronco coasting down the I-405 was impressed on the minds of 95 million people."I just don't know if it's a good marketing twist," Tanya Brown, Nicole's sister, told the Detroit Free Press.Ford Says Timing 'Purely Coincidental': Auto experts and analysts were just as perplexed."I gotta believe this is a mistake. Didn't anybody look at the calendar?" Autoline.tv host John McElroy told the Freep."Ford Motor Co. does not want to correlate the launch of such an iconic and important...
(Bloomberg) -- American Airlines Group Inc. is seeking to raise around $2 billion from a junk bond offering that may emerge as soon as next week, according to people with knowledge of the matter.The company is sounding out investors for a potential five-year secured note that cannot be repaid for the life of the bond at a yield of 11%, said the people, who asked not to be named because the talks are private. Discussions around the terms of the offering, including the yield, are preliminary and could change, the people said.The debt may be backed by assets like airport slots and gates, Bloomberg previously reported.Representatives for American and Citigroup Inc., which is working with the company, declined to comment.American shares rallied after Bloomberg reported on the potential offering. The stock gained as much as 2% to trade at $16.84 at 11:16 a.m. in New York.American, the most debt-laden of the...
