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By Kuldip K. Ambastha Until recently, Eastman Kodak Company (KODK) had been best known for its famous camera and photography offerings from the past. The company was founded in 1888, in Rochester, New York. With the rise of new technology offerings such as sophisticated smartphone cameras, Eastman Kodak Company was not in the press as …

Continue reading “What Caught Our Attention in the Investment World? – Week of July 27 – 31, 2020”

By Kuldip K. Ambastha The coronavirus pandemic is continuing to damage the private sector significantly. This week, GNC Holdings (GNC) and the parent company (CEC Entertainment) of Chuck E. Cheese plus Peter Piper Pizza both announced plans for bankruptcy. GNC Holdings will be using the bankruptcy process to close all of its health and nutrition …

Continue reading “What Caught Our Attention in the Investment World? – Week of June 22 – 26, 2020”

By Kuldip K. Ambastha During this week, both J.Crew and Neiman Marcus announced their respective bankruptcy filings. The retail industry has been on fragile ground for many years now, and the coronavirus pandemic has pushed both of these companies into bankruptcy. Due to the public health issues around the coronavirus, brick-and-mortar retailers have had to …

Continue reading “What Caught Our Attention in the Investment World? – Week of May 4-8, 2020”

By Kuldip K. Ambastha This past week was a volatile one in the investment markets, worldwide. “May you live in interesting times” was a quote popularized during the global financial crisis (GFC) era. This same quote applies now as well, in terms of the wild roller coaster ride seen for March 16-20. On a daily …

Continue reading “A Wild Roller Coaster Ride – Week of March 16-20, 2020”

By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, January 21, 2020, China Eastern Airlines Corporation Limited (CEA) stock dropped by 10.4% for the day. China Eastern Airlines is a major Chinese airline company which offers international, domestic, and regional flights. The company is headquartered at Shanghai Hongqiao International Airport in Changning District, Shanghai. …

Continue reading “What Caught Our Attention in the Investment World? – Week of January 20-24, 2020”

By Kuldip K. Ambastha and Anil K. Ambastha On Friday, January 3, 2020, Tesla, Inc. (TSLA) delivered a gain of 3.0% closing at an all-time high of $443.01 per share due to positive news. Intra-day, the share price reached as high as $454.00 per share. Tesla beat Wall Street estimates for both car production and …

Continue reading “What Caught Our Attention in the Investment World? – Week of December 30, 2019 – January 3, 2020”

By Kuldip K. Ambastha and Anil K. Ambastha Best Buy Co., Inc. (BBY), a big-box electronics retailer business headquartered in Richfield, MN, delivered strong results for 3Q2019. During the quarter, the company exceeded expectations on many fronts, such as earnings, revenues, and same-store sales. The key product and service lines which performed well were tablets, …

Continue reading “What Caught Our Attention in the Investment World? – Week of November 25-29, 2019”

By Kuldip K. Ambastha and Anil K. Ambastha Karuna Therapeutics Inc. (KRTX), a clinical-stage biopharmaceutical company, was founded in 2009 and is headquartered in Boston, MA. The company is focused on developing innovative therapies for individuals suffering from disabilities, disorders, and pain. Karuna Therapeutics Inc. has announced that its schizophrenia treatment’s Phase 2 clinical trial …

Continue reading “What Caught Our Attention in the Investment World? – Week of November 18-22, 2019”

By Kuldip K. Ambastha and Anil K. Ambastha Overstock.com, Inc. (OSTK) is an online retailer which offers a wide variety of products. Its stock fell by 17.4% on Tuesday, November 12, 2019 due to disappointing 3Q2019 results plus an investigation by the U.S. Securities and Exchange Commission (SEC). Specifically, a $0.89 loss per share was …

Continue reading “What Caught Our Attention in the Investment World? – Week of November 11-15, 2019”

By Kuldip K. Ambastha and Anil K. Ambastha On October 28, 2019, New York-based Tiffany & Co.’s stock (TIF) jumped 31.6% for a record one-day gain. The stock surged due to the announcement of a potential $14.5 billion (USD) acquisition bid from LVMH Moët Hennessy (LVMH). LVMH is a Paris-based French company headed by the …

Continue reading “What Caught Our Attention in the Investment World? – Week of October 28-November 1, 2019”