Scandal-tainted Luckin Coffee Inc - ADR (NASDAQ: LK) is finding it hard to retain talent and advisors.What Happened: The Chinese coffee retailer, which has been embroiled in a controversy over financial irregularities that claimed its CEO and COO, announced Friday it has been notified by board member Tianruo Pu that he intends to resign from the board effective immediately, citing personal reasons.Pu is also stepping down from the board's Audit Committee and the three-member Special Committee of the board instituted in early April to oversee an internal investigation into certain issues related to the financial statements for the fiscal year ended Dec. 31, 2019.Following Pu's resignation, the Special Committee consists of Sean Shao and Wai Yuen Chong, with Shao serving as chairman, according to Luckin. Pu was appointed as an independent director and a member of the Audit Committee March 27 along with Yuen Chong.Thomas Meier, who was also part of...
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. […]...
[Editor's Note: This article was updated on June 19, 2020, to include the most up-to-date information.]A largely ignored market segment, gun stocks to buy have soared in both interest and demand. With fear, chaos and overall uncertainty about the future representing the dark side of the new normal, people have gravitated toward firearms, mainly for self-defense reasons. However, this nationwide surge in gun sales is unlike anything we've ever seen.According to the FBI's database, gun dealers submitted over three million firearm background checks in May. This generally corresponds to the total number of guns sold in the month, although keep in mind that federal law does not require private sellers to initiate such checks. Even so, retail sales of firearms from January through May is staggering at over 15.2 million units.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo put this figure into perspective, in all of 2009, Americans bought...
(Bloomberg) -- Spotify Technology SA shares surged Friday, with the stock moving further into record territory after a pair of analysts said the company’s move into podcasts makes them even more bullish.The company recently announced a number of high-profile podcasts deals, including with Joe Rogan and DC Comics. There’s reportedly also a pact with Kim Kardashian West.“We not only see attractive monetization potential” from these deals, but they could lead to “future leverage to premium subscription pricing and label negotiations,” wrote Rosenblatt Securities analyst Mark Zgutowicz. The podcasts “present attractive leverage characteristics to users and revenue,” he added, raising his price target to a Street-high view of $275.Monness, Crespi, Hardt also raised its Spotify target to $275 on Friday, saying the podcasts deals offer “the opportunity for increased engagement on the platform” as well as the potential for growth in monthly active users.Spotify shares gained as much as 7.3% on Friday...
