From fe03dae84f6574753d7bea850438b32f6cfb79b0 Mon Sep 17 00:00:00 2001 From: nic Date: Tue, 30 Jul 2024 20:59:01 -0400 Subject: Auto from nzxt - Tue 30 Jul 2024 08:59:01 PM EDT --- Finance/ABR.md | 60 ---------------------- Finance/ASTS.md | 17 ------ Finance/Financial Axioms.md | 1 - Finance/Fundamentals.md | 1 - .../Fundamentals/Gross Domestic Products (GDP).md | 21 ++++++++ .../ISM Purshasing Manager Index (PMI).md | 31 +++++++++++ Finance/Gross Domestic Products (GDP).md | 21 -------- Finance/HE.md | 29 ----------- Finance/ISM Purshasing Manager Index (PMI).md | 31 ----------- Finance/Idea_table.md | 1 - Finance/LIN.md | 11 ---- Finance/LPG.md | 12 ----- Finance/PAYX.md | 50 ------------------ Finance/Research/Research/Tickers/ABR.md | 60 ++++++++++++++++++++++ Finance/Research/Research/Tickers/ASTS.md | 17 ++++++ Finance/Research/Research/Tickers/HE.md | 29 +++++++++++ Finance/Research/Research/Tickers/LIN.md | 11 ++++ Finance/Research/Research/Tickers/LPG.md | 12 +++++ Finance/Research/Research/Tickers/PAYX.md | 50 ++++++++++++++++++ Finance/Research/Research/Tickers/TRAK.md | 54 +++++++++++++++++++ Finance/Research/Research/Tickers/index.md | 14 +++++ Finance/Research/index.md | 10 ++++ Finance/TRAK.md | 54 ------------------- Finance/index.md | 16 +----- 24 files changed, 311 insertions(+), 302 deletions(-) delete mode 100644 Finance/ABR.md delete mode 100644 Finance/ASTS.md delete mode 100644 Finance/Financial Axioms.md delete mode 100644 Finance/Fundamentals.md create mode 100644 Finance/Fundamentals/Gross Domestic Products (GDP).md create mode 100644 Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md delete mode 100644 Finance/Gross Domestic Products (GDP).md delete mode 100644 Finance/HE.md delete mode 100644 Finance/ISM Purshasing Manager Index (PMI).md delete mode 100644 Finance/Idea_table.md delete mode 100644 Finance/LIN.md delete mode 100644 Finance/LPG.md delete mode 100644 Finance/PAYX.md create mode 100644 Finance/Research/Research/Tickers/ABR.md create mode 100644 Finance/Research/Research/Tickers/ASTS.md create mode 100644 Finance/Research/Research/Tickers/HE.md create mode 100644 Finance/Research/Research/Tickers/LIN.md create mode 100644 Finance/Research/Research/Tickers/LPG.md create mode 100644 Finance/Research/Research/Tickers/PAYX.md create mode 100644 Finance/Research/Research/Tickers/TRAK.md create mode 100644 Finance/Research/Research/Tickers/index.md create mode 100644 Finance/Research/index.md delete mode 100644 Finance/TRAK.md (limited to 'Finance') diff --git a/Finance/ABR.md b/Finance/ABR.md deleted file mode 100644 index 16b619f..0000000 --- a/Finance/ABR.md +++ /dev/null @@ -1,60 +0,0 @@ -## Ticker: NYSE:ABR -### Arbor Realty Trust - -# Qualitative Analysis -Two business segments: Structured Loan Origination and Investment Business -Invest in the multifamily, single-family rental (“SFR”) and commercial real estate markets -Also invest in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. -Organized to qualify as a real estate investment trust (“REIT”) -We provide a suite of comprehensive customized financing solutions to meet the various needs of borrowers. We target borrowers whose options may be limited by conventional bank financing. - -# timeframe -default by max may 2025 - -# 16 feb earnings -Arbor CEO has just proclaimed that delinquencies are in the low single digits and the CLO data that Viceroy obtained from the trustee is wrong. - -This is a blatant lie, and easily verifyable - -# viceroy research -PT = 0$ -Viceroy’s dive into Arbor’s CLOs suggest its entire loan book is distressed -and underlying collateral is vastly overstated. These loans do not qualify for refinancing anywhere, and -substantially all mature within the next 18 months. (written nov 16 2023) - -0% to 5% rates as derailed all ABR projects - -The current underlying DSCR of Arbor’s ~$7.6b CLOs is about 0.63x meaning their OI covers only 63% of their total debt service. -There is no feasible rate cuts in the next 18 months that could salvage these projects. - -Arbor’s business model is to finance bridge loans for multifamily residential unit investments, typically through renovation periods. After renovation, Arbor can then refinance these bridge loans into agency loans. - -In order to access liquidity against these floating rate bridge loans, Arbor established Collateralized Loan -Obligation facilities (CLOs) - -Billions of dollars of loans in CLOs were made to finfluencers and real estate “guru” syndicates who have -zero real estate investment backgrounds. ex: Elisa Zhang - -Significant portion of the properties underlying the CLOs have atrocious reviews, including pictures, and -have not been rehabilitated. Some properties have already been condemned and labelled as slums. - -Poor maintenance, poor security, vandalism, theft, and shootings are widely reported among properties. - -Lack of authentic good review - -Management appears to be raising rents of properties without any actual rehabilitation. - -The only feasible way that we believe Arbor can continue as a going concern is by refinancing bridging loans. Per -above, we note that doing this is effectively just prolonging a catastrophe - -Arbor’s loan book substantially matures over the next 18 months. As shown in Section 6 below, new -originations are fading quickly in high-rate environments that do not support most multifamily rehabilitation -bridging projects - -NOI figures have not improved. - -The CLOs will inevitably breach covenants and become distressed - -Horrible management of propeties - -Severals lenders in Arbor’s CLOs (that arbor made loan's to) are in financial troubles diff --git a/Finance/ASTS.md b/Finance/ASTS.md deleted file mode 100644 index 28b67fc..0000000 --- a/Finance/ASTS.md +++ /dev/null @@ -1,17 +0,0 @@ -#Ticker: NASDAQ: ASTS -##AST SpaceMobile Inc - -# Qualitative Analysis - -Satellite designer & manufacturer. -Building what we believe is the first space-based cellular broadband network designed to be accessible by standard mobile phones (The SpaceMobile Service) -Global coverage for users -The SpaceMobile Service currently is planned to be provided by a network of 168 high-powered, large phased-array satellites in LEO - -We are partnering with Mobile Network Operators - -We currently are targeting to achieve substantial global mobile coverage after the launch of a total of 110 satellites by the end of 2024 and multiple input multiple output ("MIMO") capabilities during 2025 after the launch of a total of 168 satellites. - - The SpaceMobile Service has not yet generated revenue and is not expected to generate revenue until after the commercial launch of the SpaceMobile Service - - accessible to any standard, unmodified, off-the-shelf mobile phone or 2G/3G/4G LTE/5G and IoT-enabled device diff --git a/Finance/Financial Axioms.md b/Finance/Financial Axioms.md deleted file mode 100644 index 8b13789..0000000 --- a/Finance/Financial Axioms.md +++ /dev/null @@ -1 +0,0 @@ - diff --git a/Finance/Fundamentals.md b/Finance/Fundamentals.md deleted file mode 100644 index 8b13789..0000000 --- a/Finance/Fundamentals.md +++ /dev/null @@ -1 +0,0 @@ - diff --git a/Finance/Fundamentals/Gross Domestic Products (GDP).md b/Finance/Fundamentals/Gross Domestic Products (GDP).md new file mode 100644 index 0000000..e3f7b6f --- /dev/null +++ b/Finance/Fundamentals/Gross Domestic Products (GDP).md @@ -0,0 +1,21 @@ + +GDP = C + I + G + (x - m) + +Where: +- **C** = Consumer spending +- **I** = Investments (business capital spending) +- **G** = Government spending +- **x** = Exports +- **m** = Imports + +GDP is a country income, ignore business to business activity + + + +Source: +In the US the Bureau of economic analysis (BEA) publishes an avanced release of quartely GDP **4 weeks after the quarter end**. +And a final release **3 month after the quarter end** +The BEA headline represent real GDP levels and real GDP growth. +Nominal GDP is also included in the BEA report under the name "current dollard" + + diff --git a/Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md b/Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md new file mode 100644 index 0000000..f904c69 --- /dev/null +++ b/Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md @@ -0,0 +1,31 @@ + +PMI = (P1 x 1) + (P2 x 0.5) + (P3 x 0) + +Where: +- P1 = % of answers reporting improvements +- P2 = % of answers reporting no change +- P3 = % of answers reporting a deterioartion + +The PMI is based on a survey of supply chain managers, the survey ask if during last month business was the same, better or worse in 5 sectors. + + | Surveys | Weight | + | Production Levels | 20% | + | New Orders | 20% | + | Employement Levels | 20% | + | Supplier Deliveries | 20% | + | Inventories | 20% | + | PMI | 100% | + + +# How to follow the PMI # + +- PMI above 50 and growing Long (Strong) bias +- PMI above 50 and slowing Long (Weak) bias +- PMI below 50 and slowing Short (Strong) bias +- PMI below 50 and growing Short (Weak) bias +- PMI peak above 50 Short (Weak) bias +- PMI peak below 50 Long (Weak) bias + + +Source: +The Institute of supply management (ISM) release its PMI on the 1st business day of each month. diff --git a/Finance/Gross Domestic Products (GDP).md b/Finance/Gross Domestic Products (GDP).md deleted file mode 100644 index e3f7b6f..0000000 --- a/Finance/Gross Domestic Products (GDP).md +++ /dev/null @@ -1,21 +0,0 @@ - -GDP = C + I + G + (x - m) - -Where: -- **C** = Consumer spending -- **I** = Investments (business capital spending) -- **G** = Government spending -- **x** = Exports -- **m** = Imports - -GDP is a country income, ignore business to business activity - - - -Source: -In the US the Bureau of economic analysis (BEA) publishes an avanced release of quartely GDP **4 weeks after the quarter end**. -And a final release **3 month after the quarter end** -The BEA headline represent real GDP levels and real GDP growth. -Nominal GDP is also included in the BEA report under the name "current dollard" - - diff --git a/Finance/HE.md b/Finance/HE.md deleted file mode 100644 index a0a8d2a..0000000 --- a/Finance/HE.md +++ /dev/null @@ -1,29 +0,0 @@ -## Ticker: NYSE:HE -### Hawaiien Electric - -## Qualitative Analysis -HEI is a holding company with its subsidiaries principally engaged in electric utility, banking, and non-regulated renewable/sustainable infrastructure businesses (Electric utility, Bank, and Other.) -HEI’s sources of funds are dividends or other distributions from its operating subsidiaries, borrowings, and sales of equity. - -Electric Utility: Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric) provide service to approximately 95% of Hawaii’s population - 72% of earnings - -Bank: American Savings Bank (ASB) 3rd largest in Hawaii - 28% of earnings - -Other: corporate-level operating, general and administrative expenses and the results of Pacific Current, LLC (Pacific Current) - -August 8, 2023 was Hawaii fire incident - Liability risk - -estimate damages cost - 5.5 B - https://www.facebook.com/countyofmaui/posts/pfbid02kwcpL5MaspoEpkmqR6AEmRwMevdrvgdtinPTFy5ogvHLxNHig8Hm2UCYF7XLT9xGl -estimate insurance companies exposure - 3.2 B - https://www.aol.com/news/lahaina-wildfire-insured-property-loss-095355255.html - -Economic toll of Hawaii wildfires could climb to $16 billion - https://www.marketplace.org/shows/marketplace-morning-report/the-cost-of-the-maui-fire/ -paying that would bankrupt company instantly - - -Credit rating downgrade by S&P - https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3041908 - -# Kpi's -advanced smart meters ? - -### RESEARCH: NYSE: PCG -similar situation, that of the 2018 Californian Camp Fire, the Pacific Gas & Electric Company was found liable, and these liabilities were part of the reasons why the company filed for bankruptcy in 2020 diff --git a/Finance/ISM Purshasing Manager Index (PMI).md b/Finance/ISM Purshasing Manager Index (PMI).md deleted file mode 100644 index f904c69..0000000 --- a/Finance/ISM Purshasing Manager Index (PMI).md +++ /dev/null @@ -1,31 +0,0 @@ - -PMI = (P1 x 1) + (P2 x 0.5) + (P3 x 0) - -Where: -- P1 = % of answers reporting improvements -- P2 = % of answers reporting no change -- P3 = % of answers reporting a deterioartion - -The PMI is based on a survey of supply chain managers, the survey ask if during last month business was the same, better or worse in 5 sectors. - - | Surveys | Weight | - | Production Levels | 20% | - | New Orders | 20% | - | Employement Levels | 20% | - | Supplier Deliveries | 20% | - | Inventories | 20% | - | PMI | 100% | - - -# How to follow the PMI # - -- PMI above 50 and growing Long (Strong) bias -- PMI above 50 and slowing Long (Weak) bias -- PMI below 50 and slowing Short (Strong) bias -- PMI below 50 and growing Short (Weak) bias -- PMI peak above 50 Short (Weak) bias -- PMI peak below 50 Long (Weak) bias - - -Source: -The Institute of supply management (ISM) release its PMI on the 1st business day of each month. diff --git a/Finance/Idea_table.md b/Finance/Idea_table.md deleted file mode 100644 index 8b13789..0000000 --- a/Finance/Idea_table.md +++ /dev/null @@ -1 +0,0 @@ - diff --git a/Finance/LIN.md b/Finance/LIN.md deleted file mode 100644 index 9a9e1d6..0000000 --- a/Finance/LIN.md +++ /dev/null @@ -1,11 +0,0 @@ - -## Ticker: NASDAQ:LIN - -## Qualitative Analysis - -LINDE is the largest industrial gas company worldwide. It's primary products are: -atmospheric gases (oxygen, nitrogen, argon, and rare gases) -process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene ) -also designs and builds equipment that produces industrial gases - -Linde serves a diverse group of industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. diff --git a/Finance/LPG.md b/Finance/LPG.md deleted file mode 100644 index 9507ebd..0000000 --- a/Finance/LPG.md +++ /dev/null @@ -1,12 +0,0 @@ - -#Ticker: NYSE: LPG -## Dorian LPG Ltd - -# Qualitative Analysis - -Transport LPG (Liquefied petroleum gas) since 2002 -Own and operate VLGCs (Very Large Gas Carriers) - -Our fleet currently consists of twenty-two VLGCs, including our nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs, or our ECO VLGCs, one 82,000 cbm VLGC, and two time chartered-in VLGC - -The twenty VLGCs in our fleet, excluding the two time chartered-in vessels, have an aggregate carrying capacity of approximately 1.7 million cbm and an average age of 7.5 years as of May 27, 2022 diff --git a/Finance/PAYX.md b/Finance/PAYX.md deleted file mode 100644 index ce380e0..0000000 --- a/Finance/PAYX.md +++ /dev/null @@ -1,50 +0,0 @@ -## Ticker: NASDAQ:PAYX -### Paychex inc. - - fiscal year that ends May 31st - -# list all competitors & make basket - -# Qualitative -Provider of human capital management (“HCM”) solutions for human resources (“HR”), payroll, benefits, and insurance - -As of May 31, 2023, we served approximately 740,000 payroll and PEO clients. - KPI ? - -The key features of our solutions are: -•Comprehensive cloud-based platform optimized to meet the HR and payroll needs of small- and medium-sized organizations; -•Streamlined workforce management that combines technology with flexible support options; -•Modern, mobile, and intuitive user experience and self-service capabilities; -•Scalable and customizable platform that allows clients the ability to add services as they grow; -•Software as a service, or “SaaS”, delivery model that reduces total cost of ownership for our clients; and -•Expertise in HR and payroll with our technology backed by over 250 compliance experts and approximately 700 HR business professionals. - -Over 50% of our revenues are gained from our services beyond payroll processing. - - -proactively aid our clients in navigating macroeconomic challenges, legislative changes, and other complexities they face - -help customers more effectively hire, engage, train, and retain top talent - -HR & compliance - -Paychex Flex® platform -Paychex Flex is our proprietary HCM SaaS platform that provides seamless workforce management -suite of solutions including recruiting, onboarding, HR, time and attendance and employee benefits. & function-focused analytics - -contract with client generally do not containt specified contract period - Client retention should be a good KPI -For fiscal 2023, client retention was in the range of 82% to 83% of our beginning client base. - -Management solutions: --Payroll processing solutions --Payroll tax administration solutions --Employee payment solutions --Regulatory compliance solutions --HR solutions --Retirement solutions administration --HR administration solutions - - -We have one primary national competitor - Who ? - - -focus on smid business diff --git a/Finance/Research/Research/Tickers/ABR.md b/Finance/Research/Research/Tickers/ABR.md new file mode 100644 index 0000000..16b619f --- /dev/null +++ b/Finance/Research/Research/Tickers/ABR.md @@ -0,0 +1,60 @@ +## Ticker: NYSE:ABR +### Arbor Realty Trust + +# Qualitative Analysis +Two business segments: Structured Loan Origination and Investment Business +Invest in the multifamily, single-family rental (“SFR”) and commercial real estate markets +Also invest in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. +Organized to qualify as a real estate investment trust (“REIT”) +We provide a suite of comprehensive customized financing solutions to meet the various needs of borrowers. We target borrowers whose options may be limited by conventional bank financing. + +# timeframe +default by max may 2025 + +# 16 feb earnings +Arbor CEO has just proclaimed that delinquencies are in the low single digits and the CLO data that Viceroy obtained from the trustee is wrong. + +This is a blatant lie, and easily verifyable + +# viceroy research +PT = 0$ +Viceroy’s dive into Arbor’s CLOs suggest its entire loan book is distressed +and underlying collateral is vastly overstated. These loans do not qualify for refinancing anywhere, and +substantially all mature within the next 18 months. (written nov 16 2023) + +0% to 5% rates as derailed all ABR projects + +The current underlying DSCR of Arbor’s ~$7.6b CLOs is about 0.63x meaning their OI covers only 63% of their total debt service. +There is no feasible rate cuts in the next 18 months that could salvage these projects. + +Arbor’s business model is to finance bridge loans for multifamily residential unit investments, typically through renovation periods. After renovation, Arbor can then refinance these bridge loans into agency loans. + +In order to access liquidity against these floating rate bridge loans, Arbor established Collateralized Loan +Obligation facilities (CLOs) + +Billions of dollars of loans in CLOs were made to finfluencers and real estate “guru” syndicates who have +zero real estate investment backgrounds. ex: Elisa Zhang + +Significant portion of the properties underlying the CLOs have atrocious reviews, including pictures, and +have not been rehabilitated. Some properties have already been condemned and labelled as slums. + +Poor maintenance, poor security, vandalism, theft, and shootings are widely reported among properties. + +Lack of authentic good review + +Management appears to be raising rents of properties without any actual rehabilitation. + +The only feasible way that we believe Arbor can continue as a going concern is by refinancing bridging loans. Per +above, we note that doing this is effectively just prolonging a catastrophe + +Arbor’s loan book substantially matures over the next 18 months. As shown in Section 6 below, new +originations are fading quickly in high-rate environments that do not support most multifamily rehabilitation +bridging projects + +NOI figures have not improved. + +The CLOs will inevitably breach covenants and become distressed + +Horrible management of propeties + +Severals lenders in Arbor’s CLOs (that arbor made loan's to) are in financial troubles diff --git a/Finance/Research/Research/Tickers/ASTS.md b/Finance/Research/Research/Tickers/ASTS.md new file mode 100644 index 0000000..28b67fc --- /dev/null +++ b/Finance/Research/Research/Tickers/ASTS.md @@ -0,0 +1,17 @@ +#Ticker: NASDAQ: ASTS +##AST SpaceMobile Inc + +# Qualitative Analysis + +Satellite designer & manufacturer. +Building what we believe is the first space-based cellular broadband network designed to be accessible by standard mobile phones (The SpaceMobile Service) +Global coverage for users +The SpaceMobile Service currently is planned to be provided by a network of 168 high-powered, large phased-array satellites in LEO + +We are partnering with Mobile Network Operators + +We currently are targeting to achieve substantial global mobile coverage after the launch of a total of 110 satellites by the end of 2024 and multiple input multiple output ("MIMO") capabilities during 2025 after the launch of a total of 168 satellites. + + The SpaceMobile Service has not yet generated revenue and is not expected to generate revenue until after the commercial launch of the SpaceMobile Service + + accessible to any standard, unmodified, off-the-shelf mobile phone or 2G/3G/4G LTE/5G and IoT-enabled device diff --git a/Finance/Research/Research/Tickers/HE.md b/Finance/Research/Research/Tickers/HE.md new file mode 100644 index 0000000..a0a8d2a --- /dev/null +++ b/Finance/Research/Research/Tickers/HE.md @@ -0,0 +1,29 @@ +## Ticker: NYSE:HE +### Hawaiien Electric + +## Qualitative Analysis +HEI is a holding company with its subsidiaries principally engaged in electric utility, banking, and non-regulated renewable/sustainable infrastructure businesses (Electric utility, Bank, and Other.) +HEI’s sources of funds are dividends or other distributions from its operating subsidiaries, borrowings, and sales of equity. + +Electric Utility: Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric) provide service to approximately 95% of Hawaii’s population - 72% of earnings + +Bank: American Savings Bank (ASB) 3rd largest in Hawaii - 28% of earnings + +Other: corporate-level operating, general and administrative expenses and the results of Pacific Current, LLC (Pacific Current) + +August 8, 2023 was Hawaii fire incident - Liability risk + +estimate damages cost - 5.5 B - https://www.facebook.com/countyofmaui/posts/pfbid02kwcpL5MaspoEpkmqR6AEmRwMevdrvgdtinPTFy5ogvHLxNHig8Hm2UCYF7XLT9xGl +estimate insurance companies exposure - 3.2 B - https://www.aol.com/news/lahaina-wildfire-insured-property-loss-095355255.html + +Economic toll of Hawaii wildfires could climb to $16 billion - https://www.marketplace.org/shows/marketplace-morning-report/the-cost-of-the-maui-fire/ +paying that would bankrupt company instantly + + +Credit rating downgrade by S&P - https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3041908 + +# Kpi's +advanced smart meters ? + +### RESEARCH: NYSE: PCG +similar situation, that of the 2018 Californian Camp Fire, the Pacific Gas & Electric Company was found liable, and these liabilities were part of the reasons why the company filed for bankruptcy in 2020 diff --git a/Finance/Research/Research/Tickers/LIN.md b/Finance/Research/Research/Tickers/LIN.md new file mode 100644 index 0000000..9a9e1d6 --- /dev/null +++ b/Finance/Research/Research/Tickers/LIN.md @@ -0,0 +1,11 @@ + +## Ticker: NASDAQ:LIN + +## Qualitative Analysis + +LINDE is the largest industrial gas company worldwide. It's primary products are: +atmospheric gases (oxygen, nitrogen, argon, and rare gases) +process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene ) +also designs and builds equipment that produces industrial gases + +Linde serves a diverse group of industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. diff --git a/Finance/Research/Research/Tickers/LPG.md b/Finance/Research/Research/Tickers/LPG.md new file mode 100644 index 0000000..9507ebd --- /dev/null +++ b/Finance/Research/Research/Tickers/LPG.md @@ -0,0 +1,12 @@ + +#Ticker: NYSE: LPG +## Dorian LPG Ltd + +# Qualitative Analysis + +Transport LPG (Liquefied petroleum gas) since 2002 +Own and operate VLGCs (Very Large Gas Carriers) + +Our fleet currently consists of twenty-two VLGCs, including our nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs, or our ECO VLGCs, one 82,000 cbm VLGC, and two time chartered-in VLGC + +The twenty VLGCs in our fleet, excluding the two time chartered-in vessels, have an aggregate carrying capacity of approximately 1.7 million cbm and an average age of 7.5 years as of May 27, 2022 diff --git a/Finance/Research/Research/Tickers/PAYX.md b/Finance/Research/Research/Tickers/PAYX.md new file mode 100644 index 0000000..ce380e0 --- /dev/null +++ b/Finance/Research/Research/Tickers/PAYX.md @@ -0,0 +1,50 @@ +## Ticker: NASDAQ:PAYX +### Paychex inc. + + fiscal year that ends May 31st + +# list all competitors & make basket + +# Qualitative +Provider of human capital management (“HCM”) solutions for human resources (“HR”), payroll, benefits, and insurance + +As of May 31, 2023, we served approximately 740,000 payroll and PEO clients. - KPI ? + +The key features of our solutions are: +•Comprehensive cloud-based platform optimized to meet the HR and payroll needs of small- and medium-sized organizations; +•Streamlined workforce management that combines technology with flexible support options; +•Modern, mobile, and intuitive user experience and self-service capabilities; +•Scalable and customizable platform that allows clients the ability to add services as they grow; +•Software as a service, or “SaaS”, delivery model that reduces total cost of ownership for our clients; and +•Expertise in HR and payroll with our technology backed by over 250 compliance experts and approximately 700 HR business professionals. + +Over 50% of our revenues are gained from our services beyond payroll processing. + + +proactively aid our clients in navigating macroeconomic challenges, legislative changes, and other complexities they face + +help customers more effectively hire, engage, train, and retain top talent + +HR & compliance + +Paychex Flex® platform +Paychex Flex is our proprietary HCM SaaS platform that provides seamless workforce management +suite of solutions including recruiting, onboarding, HR, time and attendance and employee benefits. & function-focused analytics + +contract with client generally do not containt specified contract period - Client retention should be a good KPI +For fiscal 2023, client retention was in the range of 82% to 83% of our beginning client base. + +Management solutions: +-Payroll processing solutions +-Payroll tax administration solutions +-Employee payment solutions +-Regulatory compliance solutions +-HR solutions +-Retirement solutions administration +-HR administration solutions + + +We have one primary national competitor - Who ? + + +focus on smid business diff --git a/Finance/Research/Research/Tickers/TRAK.md b/Finance/Research/Research/Tickers/TRAK.md new file mode 100644 index 0000000..4e4e673 --- /dev/null +++ b/Finance/Research/Research/Tickers/TRAK.md @@ -0,0 +1,54 @@ + +## Ticker: NYSE:TRAK ( Formely Park City Group ) + +## Qualitative Analysis + +Repositrak is a SaaS provider that facilitate compliance with FSMA. It collect and sorts all vendor compliance documents related to food safety, regulatory compliance, insurance ect... It partners with retailers, wholesalers, and product suppliers to help them source, vet, and transact with their suppliers in order to accelerate sales, control risks, and improve supply chain efficiencies, and source hard-to-get-things. + +services for multi-store retail chains, wholesalers and distributors, and their suppliers. + +It is the world's largest food traceability and regulatory compliance network + +Repositrak is the industry standard & largest platform of its kind + +The Company’s services are grouped in three application suites: +(i) ReposiTrak MarketPlace (“MarketPlace”), encompassing the Company’s supplier discovery and B2B e-commerce solutions, which helps the Company’s customers find new suppliers; +(ii) ReposiTrak Compliance and Food Safety (“Compliance and Food Safety”) solutions, which help the Company’s customers vet suppliers to mitigate the risk of doing business with these suppliers; +(iii) ReposiTrak’s Supply Chain (“Supply Chain”) solutions, which help the Company’s customers to more efficiently manage their various transactions with their suppliers. + +Main customers U.S. consumer retail sector for food + +## Catalyst: FSMA enforcement on January 20, 2026. + +What is the Food Safety Modernization Act: + +Aim to prevent foodborne illnesses by giving the FDA new authority to regulate the way foods are grown, harvested and processed. The law grants the FDA a number of new powers, including mandatory recall authority. + +Considered the first major piece of federal legislation addressing food safety since 1938. + +What documents are required ?: all records relating to the manufacture, processing, packing, distribution, receipt, holding, or importation + + goals to enhance traceability, improve predictive analytics, respond more rapidly to outbreaks, address new business models, reduce contamination of food, and foster the development of stronger food safety cultures. + +one particular section of the Food Safety Modernization Act (“FSMA”), Section 204(d) which has to deal with traceability, was left incomplete when the regulation was enacted in 2011 +FDA been working to define exactly what traceability means and what is required to comply with that section of the law. + +As part of the 2020 “New Era” announcement, FDA published the Food Traceability List or (“FTL”). FDA used a “risk assessment model” to identify 16 of the highest-risk categories to start with. There is not a single grocery retailer who does not sell these items. These 16 categories represent thousands of individual items and FDA has made it clear in its communications the categories on the FTL are only the beginning. FDA states that they would “encourage the voluntary adoption of these practices industry-wide,” which means more categories are expected to be added over time. + +For traceability, FDA requires the capture, creation and sharing of specific key data elements (“KDE”) at each designated Critical Tracking Event (“CTE”) for every item and every shipment. FDA also requires the data be stored for two years and be retrievable and presented to them within 24 hours upon request. FSMA 204 is ultimately about recording all movement of inventories through the supply chain. The result is an enormous amount of data to manage. At the root, it is a supply chain data management issue, which is ReposiTrak’s core expertise. That’s why we’ve made it our goal to develop a traceability solution that’s easy, inexpensive and exceeds FDA’s requirements with the guidance of industry thought leaders gathered in the Food Traceability Leadership Consortium. As the largest connected network of food suppliers, wholesalers and retailers in the world, the ReposiTrak Traceability Network® is well positioned to provide end-to-end traceability to provide a safer food supply chain, tighten control on food waste and implement a food recall response that saves lives and money. + +## KPI's + +How many customers ? + +As of June 30, 2023, the Company employed a total of 69 employees. + + +the renewal rates of subscriptions + + +## OTher TBC + +Can be compared ? with UNH & obamacare/ACA introduced on march 23, 2010 + +Management with industry experience: company funded to remedy a problem with their food company diff --git a/Finance/Research/Research/Tickers/index.md b/Finance/Research/Research/Tickers/index.md new file mode 100644 index 0000000..1b1dfee --- /dev/null +++ b/Finance/Research/Research/Tickers/index.md @@ -0,0 +1,14 @@ +[[ABR]] + +[[ASTS]] + +[[HE]] + +[[LPG]] + +[[LIN]] + +[[PAYX]] + +[[TRAK]] + diff --git a/Finance/Research/index.md b/Finance/Research/index.md new file mode 100644 index 0000000..7663531 --- /dev/null +++ b/Finance/Research/index.md @@ -0,0 +1,10 @@ + +[Tickers](/Research/Tickers/index.md) + + + + +# Citrini + +[[Effect of GLP-1's on investment landscape]] + diff --git a/Finance/TRAK.md b/Finance/TRAK.md deleted file mode 100644 index 4e4e673..0000000 --- a/Finance/TRAK.md +++ /dev/null @@ -1,54 +0,0 @@ - -## Ticker: NYSE:TRAK ( Formely Park City Group ) - -## Qualitative Analysis - -Repositrak is a SaaS provider that facilitate compliance with FSMA. It collect and sorts all vendor compliance documents related to food safety, regulatory compliance, insurance ect... It partners with retailers, wholesalers, and product suppliers to help them source, vet, and transact with their suppliers in order to accelerate sales, control risks, and improve supply chain efficiencies, and source hard-to-get-things. - -services for multi-store retail chains, wholesalers and distributors, and their suppliers. - -It is the world's largest food traceability and regulatory compliance network - -Repositrak is the industry standard & largest platform of its kind - -The Company’s services are grouped in three application suites: -(i) ReposiTrak MarketPlace (“MarketPlace”), encompassing the Company’s supplier discovery and B2B e-commerce solutions, which helps the Company’s customers find new suppliers; -(ii) ReposiTrak Compliance and Food Safety (“Compliance and Food Safety”) solutions, which help the Company’s customers vet suppliers to mitigate the risk of doing business with these suppliers; -(iii) ReposiTrak’s Supply Chain (“Supply Chain”) solutions, which help the Company’s customers to more efficiently manage their various transactions with their suppliers. - -Main customers U.S. consumer retail sector for food - -## Catalyst: FSMA enforcement on January 20, 2026. - -What is the Food Safety Modernization Act: - -Aim to prevent foodborne illnesses by giving the FDA new authority to regulate the way foods are grown, harvested and processed. The law grants the FDA a number of new powers, including mandatory recall authority. - -Considered the first major piece of federal legislation addressing food safety since 1938. - -What documents are required ?: all records relating to the manufacture, processing, packing, distribution, receipt, holding, or importation - - goals to enhance traceability, improve predictive analytics, respond more rapidly to outbreaks, address new business models, reduce contamination of food, and foster the development of stronger food safety cultures. - -one particular section of the Food Safety Modernization Act (“FSMA”), Section 204(d) which has to deal with traceability, was left incomplete when the regulation was enacted in 2011 -FDA been working to define exactly what traceability means and what is required to comply with that section of the law. - -As part of the 2020 “New Era” announcement, FDA published the Food Traceability List or (“FTL”). FDA used a “risk assessment model” to identify 16 of the highest-risk categories to start with. There is not a single grocery retailer who does not sell these items. These 16 categories represent thousands of individual items and FDA has made it clear in its communications the categories on the FTL are only the beginning. FDA states that they would “encourage the voluntary adoption of these practices industry-wide,” which means more categories are expected to be added over time. - -For traceability, FDA requires the capture, creation and sharing of specific key data elements (“KDE”) at each designated Critical Tracking Event (“CTE”) for every item and every shipment. FDA also requires the data be stored for two years and be retrievable and presented to them within 24 hours upon request. FSMA 204 is ultimately about recording all movement of inventories through the supply chain. The result is an enormous amount of data to manage. At the root, it is a supply chain data management issue, which is ReposiTrak’s core expertise. That’s why we’ve made it our goal to develop a traceability solution that’s easy, inexpensive and exceeds FDA’s requirements with the guidance of industry thought leaders gathered in the Food Traceability Leadership Consortium. As the largest connected network of food suppliers, wholesalers and retailers in the world, the ReposiTrak Traceability Network® is well positioned to provide end-to-end traceability to provide a safer food supply chain, tighten control on food waste and implement a food recall response that saves lives and money. - -## KPI's - -How many customers ? - -As of June 30, 2023, the Company employed a total of 69 employees. - - -the renewal rates of subscriptions - - -## OTher TBC - -Can be compared ? with UNH & obamacare/ACA introduced on march 23, 2010 - -Management with industry experience: company funded to remedy a problem with their food company diff --git a/Finance/index.md b/Finance/index.md index 8eea1e0..0515165 100644 --- a/Finance/index.md +++ b/Finance/index.md @@ -2,6 +2,8 @@ [Fundamentals](/Fundamentals/index.md) + definitions + theory like business cycle + spiral cat theory ... + History?? +[Research](/Research/index.md) + # or defenitions more quick access here - call it Financial_Dictionary Research ? Ideas(rename one to tickers??) + Themes + strategies @@ -19,7 +21,6 @@ Current? + dairy ? [[Macro]] -[[Effect of GLP-1's on investment landscape]] https://kalshi.com/ - macro and pop culture casino. @@ -141,19 +142,6 @@ Character (mental/physical health and skill) —> relationships —> wealth "" When I want to raise cash I put it into bershire hataways "" .... -[[ABR]] - -[[ASTS]] - -[[HE]] - -[[LPG]] - -[[LIN]] - -[[PAYX]] - -[[TRAK]] # Russia 0486.hk - rusal -- cgit v1.2.3