Tag: Yahoo Finance

Be Ready to Double-Down on Aurora Cannabis Stock as Headwinds Fade

Aurora Cannabis (ACB) stock took a beating since the latest earnings report, when it announced a 24 percent decline in net revenue sequentially, which included a 33 percent drop in Canadian recreational pot sales. Its market-leading gross margins and cost per gram of under C$1.00 weren't enough to support its share price.Consequently, the company announced it would stop construction at two facilities which will save it approximately C$190 million. It also took steps to reduce the amount of its convertible debentures coming due in 2020.While the company will continue to face short-term challenges, it's still one of the strongest positioned Canadian-based cannabis companies to take advantage of the long-term cannabis trend that is still in the early stages of growth.Long-Term Catalysts and Benefits to ReapThe two major catalysts for Aurora are the inevitable and significant increase in retail cannabis stores in Canada, and the impact derivative products will have on its...

Andrea Bonime-Blanc talks her new book 'Gloom to Boom'

Risk is constant in the C-Suite; Climate, cyber, technological, geopolitical. How leaders manage risk and create opportunity that increases the value for all stakeholders is at the heart of the new book 'Gloom To Boom: How Leaders Transform Risk into Resilience and Value.' Author Andrea Bonime-Blanc joined The Final Round to discuss....

ByteDance Gorilla Body Slams Top of China’s Ad Market

(Bloomberg Opinion) -- The growing strength of ByteDance Inc. and its popular video and news services is combining with a slowing economy to take a chunk out of advertising revenue for listed Chinese internet companies. What’s tricky for them is weighing up which is the bigger risk.There’s no question that weaker economic growth is hurting the sector. Alibaba Group Holding Ltd., Baidu Inc. and Tencent Holdings Ltd., the three largest by ad revenue accounting for more than half the market, all posted slowing growth rates during the third quarter a period when China posted its weakest pace of economic expansion in almost three decades.Bucking the trend, or perhaps exacerbating it, is ByteDance, which is fast turning from upstart to 800-pound gorilla. Its collection of apps, including short-video service Douyin and news aggregator Toutiao, use artificial intelligence to deliver tailored feeds to users. That’s made the company’s content very sticky and captures immense user traffic, helping take a...