© 2021 Advance Local Media LLC. Get 50% off. Following last week's earnings report, Briggs & Stratton's four analysts are forecasting 2020 revenues to be US$1.84b, approximately in line with the last 12 months. As Brown Rudnick lawyer Robert Stark, who represents unsecured creditors in the Briggs & Stratton bankruptcy case, said about Briggs’ management: “They pay themselves large bonuses, stick it to the rank and file and don’t pay their bondholders.” The business combination agreement that moved Porch Group onto the NASDAQ index also brought the company $322 million in new capital.Among the bulls is Benchmark analyst Daniel Kurnos, who writes of Porch, “After several changes in historical company strategy, we believe the current iteration is well positioned to capitalize on the rapidly growing home services software market.”Getting into specifics, Kurnos adds, “The economic backdrop looks primed for home service and sale related companies next summer… The user base is relatively sticky – software offerings include the 1 inspector and moving service platforms, while a personalized move assistant and insurance offerings keep consumers in the system… As primarily a software company attached to the home services space, valuation looks relatively inexpensive.”In light of his comments, Kurnos rates PRCH a Buy. The company did that in Q3, and the 20-cent per regular share payment was the first dividend cut in 5 quarters. Brandon Lovett, Sherrill city manager, said the company made it known when it opened the plant that it expected to expand its workforce to around 600. At the current dividend rate, the yield is 9.5%, far higher than the average among financial sector peer companies.Analyst Craig Kucera, of B. Riley, believes that CTO has plenty of options going forward to expand its portfolio through acquisition: “CTO hit the high end of anticipated disposition guidance at $33M in 4Q20, bringing YTD dispositions to nearly $85M, with the largest disposition affiliated with the exercise of a tenant's option to purchase a building from CTO in Aspen, CO. Post these dispositions, we estimate >$30M in cash and restricted cash for additional acquisitions, and we expect CTO to be active again in 1H21.”To this end, Kucera rates CTO a Buy along with a $67 price target. The shares are priced at $41.85, and their average price target of $59.33 suggests room for ~42% growth in the year ahead. (To watch Kucera’s track record, click here)Overall, CTO has 3 reviews on record from Wall Street’s analysts, and they all agree that this stock is a Buy, making the analyst consensus of Strong Buy unanimous. The move came as Borqs seemingly benefited from a broader move in the overall tech sector. Briggs’ 2020 bond is now trading at just a few cents on the dollar, reflecting the company’s dramatic decline. Briggs & Stratton will now operate as an independent company with the long-term support of KPS, a global private equity investor. KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Briggs & Stratton Corporation, Including Equity Of Foreign Subsidiaries By PR Newswire Jul 20, 2020 6:45 AM EDT Prior to this, the company had outsourced its management and network development to these two companies in 2017.Neither the author of this post nor Pennystocks.com have a position or financial relationship with any of the stocks mentioned above.See more from Benzinga * Click here for options trades from Benzinga * Mid-Afternoon Market Update: Dow Falls 100 Points; GeoVax Labs Shares Spike Higher * Gold Flora Teams Up With Stately Brands To Boost California Operation(C) 2021 Benzinga.com. But the undertone from last week’s round of speakers could be interpreted as an early sign that the the Fed’s third mandate beyond maximum employment and stable prices — financial stability — is starting to weigh on some policy makers heading into 2021 as the stock market gets compared to a lucky slot machine.It’s one of the only explanations I can come up with for why Fed officials would bring up reducing their asset purchases — and possibly sooner than investors were expecting — when the U.S. labor market lost 140,000 jobs in December and the central bank’s preferred measure of inflation is around 1.4%. Before markets opened Thursday, Briggs & Stratton reported a fiscal second-quarter adjusted net loss of $0.20 per share on revenue of $437.9 … The company will supply an advanced networking platform in support of the operator's 5G deployment requirements.UTStarcom also released its NetRing® TN704E metro access platform. He previously covered bonds for Bloomberg News. (See SHSP stock analysis on TipRanks)Porch Group (PRCH)Next up, Porch Group, is at heart an online marketplace. The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com. Aside from its clear focus on 5G, the stock market should also note the company's reach in other areas of technology and telecommunications services. However, when it opened the Sherrill facility, the company pledged to retain 500 existing jobs and create at least 52 new ones. News Sports Packers Business Communities Nation / World Obituaries E-Edition Legals. Eli Lilly stock rocketed to a record high Monday after the pharmaceutical company said its experimental drug slowed cognitive decline in a Phase 2 test of patients with Alzheimer's disease. In a separate mammoth research note—this time close to 200 pages—Thill provides an outlook on the other half of his coverage universe, enterprise application, infrastructure and security stocks. (CRM) was a cloud software pioneer. The U.S. Bankruptcy Court for the Eastern District of Missouri formally approved the transaction on September 15, 2020. Benzinga does not provide investment advice. Milwaukee (January 29, 2020) – Briggs & Stratton Corporation’s Motorsports division has released the Briggs 206 Rule Set for the 2020 racing season. Free of any legacy liabilities, and with a strong balance sheet and the Company's world-class workforce, we have an exceptional opportunity to build upon the Company's leading market position. But it is all going to depend on the course of the economy, which will depend on the course of the virus,” Harker said Thursday while answering questions after a speech at a virtual event. KPS and Mr. Andrews partnered in 2011 to form International Equipment Solutions, LLC ("IES"). This year marks the first time teams were provided a 10-gross-horsepower Vanguard commercial engine. We believe PubMatic can sustain healthy topline growth (~20%) with robust margins. Thill notes that as a group software outperformed the S&P 500 by 36 percentage points, the biggest gap in 20 years. I don’t think we necessarily have to get to the goal,” Bostic said in a televised interview with Fox Business recorded Wednesday and broadcast Thursday. It’s important to note, however, that the 3Q revenue result was still up 36.5% year-over-year. EPS, at 32 cents, was a dramatic yoy turnaround from the 6-cent loss posted in 3Q19.DHT has a history of adjusting its dividend, when needed, to keep it in line with earnings. A U.S. Bankruptcy Court judge in September 2020 approved the sale of Briggs & Stratton to New York City private equity firm KPS Capital Partners. During the third quarter, the most recent reported, CTO sold off some 3,300 acres of undeveloped land for $46 million, acquired two income properties for $47.9 million, and collected ~93% of contractual base rents due. (Bloomberg) -- A two-word app recommendation from Elon Musk has turned into a massive rally in the shares of a tiny medical device company in another case of mistaken identity.“Use Signal,” the Tesla Inc. chief executive officer wrote on Twitter on Jan. 7, apparently referring to the encrypted messaging service. MILWAUKEE, Oct. 27, 2020 /PRNewswire/ — After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO, Briggs & Stratton, LLC, a company with a 113-year legacy, also has a new beginning.. Steve Andrews assumed the position of Briggs & Stratton’s President and CEO just over a month ago after most recently serving as CEO of International Equipment … On January 11, UTStarcom announced the expansion of a cooperation with a mobile operator in Europe. IES became a leading independent manufacturer of attachment tools, operator cabs and other complex fabrications for off-highway applications. The general policy is a positive for dividend investors, however, as the company has not missed a dividend payment in 43 consecutive quarters – an admirable record. Production of standby generators and engine components will remain in Wauwatosa, according to the report. His $7.40 target price suggests that this stock can grow 34% in the months ahead. (See HEP stock analysis on TipRanks)DHT Holdings (DHT)Midstreaming is only one part of the global oil industry’s transport network. Please support high-quality local journalism. "Khajuria's bullish comments support her Outperform (i.e. Syracuse, N.Y. -- Briggs & Stratton Corp. is moving production of its lawn tractor, residential zero-turn lawn mower, snow thrower and pressure washer products from Wauwatosa, Wisconsin, to its new factory in the Oneida County city of Sherrill. Bermuda-based DHT operates a fleet of 27 crude oil tankers, all rated VLCC (very large crude carrier). Buy) rating. 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