Is Papa John’s Stock a Buy-Low Candidate?
Papa John’s International Inc. (NASDAQ:PZZA) stock was down 2.95% in late morning trading on July 27. Shares have dropped 20% in 2018 so far. The American restaurant franchise has been mired in controversy which began when founder John Schnatter criticized anthem protests by NFL players back in 2017. Schnatter was replaced as CEO in December 2017 but remained the largest shareholder and would still play a public role. Papa John’s ended its NFL sponsorship deal in February after blaming anthem protests for its poor sales numbers. Things would go from bad to worse for Schnatter in the summer. This July it was reported that Schnatter used a racial slur during a conference call in May in reference to what he perceived as the lack of scrutiny faced by previous businesses who were deemed racially insensitive. Schnatter resigned as chairman of the board the day the story broke. On July 26 Schnatter filed a lawsuit against the company he founded after he was denied access to the company’s books and records following his resignation. Papa John’s leadership has also implemented a poison pill strategy that is designed to limit Schnatter’s ability to buy back a majority stake. It is hard to recommend buying low at Papa John’s at this current stage. Sales dropped again in its first quarter report in May and recent news is unlikely to provide a boost going forward. The stock has halved its value from its all-time high reached in late 2016 and investors should anticipate more carnage ahead of its third-quarter earnings release. from Baystreet RSS Master Feed http://www.baystreet.ca/articles/stockstowatch.aspx?id=4223 CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/is-papa-johns-stock-buy-low-candidate.html July 31, 2018 at 12:31PM
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Killmonger would give Infinity War villain Thanos a fight - CNET
Now here's a clash of the baddies we'd like to see. Can this be one of Doctor Strange's 14 million futures? from CNET https://www.cnet.com/news/killmonger-actor-says-his-character-would-take-down-thanos/#ftag=CADf328eec CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/killmonger-would-give-infinity-war.html July 31, 2018 at 12:31PM
USD/CAD - Canadian Dollar May Have More Upside
July is rapidly coming to an end and so is a lot of pessimism around the Canadian dollar. Positive developments around the North America Free Trade Agreement (NAFTA) talks helped. Late Friday, Chairman of the White House Council of Economic Advisors Kevin Hassett talked of "absolutely amazing" progress in the NAFTA negotiations, speculating that a deal could be reached by the fall. CBC News quoted the Mexican Economy Minister Guajardo saying that of the 30 NAFTA chapters, nine are closed, and 10 are almost closed. Some of the optimism stems from last week’s E.U./U.S. trade talks and President Trump’s agreement to suspend auto tariffs for during negotiations. However, Canadian Foreign Minister Chrystia Freeland says the negotiators are still working on the autos and auto parts file. The somewhat improved tone to the trade talks has provided a bit of support to the Canadian dollar as trade uncertainty was a major uncertainty for the Bank of Canada monetary policy committee members. As the uncertainty dissipates, they are free to concentrate on economic developments, and the domestic economy appears to have rebounded in May. The proof is in the pudding and in Tuesday’s gross domestic product report. Forecasters expect May GDP to rise 0.3% compared to April's 0.1% gain, in part because it is payback from the weather-related poor showing in April. The Canadian dollar is getting an added boost from firm oil prices. WTI oil may be below its recent $75.25/barrel peak, but prices are still above $70.00/b today. Pending sanctions against Iran and that nations threat to disrupt oil shipments through the Strait of Hormuz have more than offset the bump in production by the Organization of the Petroleum Exporting Countries (OPEC). The Canadian dollar will be at the mercy of U.S. dollar price swings that may occur following this week's central bank meetings. On Tuesday, the Bank of Japan policy meeting statement will be released. Japanese rates will be left unchanged, but there is growing concern that the BoJ may adjust their yield curve management program. Many analysts see such an adjustment as a prelude to the end of the ultra-easy monetary policy. If so, USD/JPY would come under pressure which could lead to selling of CAD/JPY. On Wednesday, the Federal Open Market Committee policy statement will be released. They are expected to leave interest rates unchanged, but the statement may point to a September rate hike. There isn’t a press conference scheduled, and this meeting is unlikely to disrupt FX markets. August 2 is "Super-Thursday" in the U.K.. The Bank of England (BoE) interest rate decision, Quarterly Inflation Report and Governor Mark Carney press conference are due. This meeting should be interesting. The odds are over 80% that the BoE raises interest rates but ongoing Brexit fears may limit GBP/USD gains. Today, Canadian dollar traders will be taking direction from U.S. Pending Home Sales data and Wall Street developments. Rahim Madhavji is the President of KnightsbridgeFX.com, a Canadian currency exchange that provides better rates than the banks to Canadians from Baystreet RSS Master Feed http://www.baystreet.ca/articles/forex_trader.aspx?articleid=40905 CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/usdcad-canadian-dollar-may-have-more.html July 31, 2018 at 12:31PM
TSA's new scanners could mean leaving your laptop, liquids in carry-on - CNET
Three cheers for easier security checks. from CNET https://www.cnet.com/news/tsas-new-scanners-could-mean-leaving-your-laptop-liquids-in-carry-on/#ftag=CADf328eec CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/tsas-new-scanners-could-mean-leaving.html July 31, 2018 at 12:31PM
Whirlpool wants to give you another cooking option in the kitchen - CNET
The appliance manufacturer has received a patent for a device that enables you to cook food with a water bath. from CNET https://www.cnet.com/news/whirlpool-wants-to-give-you-another-option-in-the-kitchen/#ftag=CADf328eec CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/whirlpool-wants-to-give-you-another.html July 31, 2018 at 12:31PM
Galaxy S9 battery life isn't as good as we had hoped - CNET
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Apple watch: 7 ways to make your run more effective - CNET
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Halo Smart Labs is folding and your smart alarm smoke will soon turn dumb - CNET
The makers of the weather-sensing Halo+ Smoke Alarm have gone out of business, so your $130 smoke detector might soon lose its connection to the internet. from CNET https://www.cnet.com/news/halo-smart-labs-is-folding-and-your-130-smart-smoke-detector-might-soon-turn-dumb/#ftag=CADf328eec CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/halo-smart-labs-is-folding-and-your.html July 31, 2018 at 12:31PM
Amazing scenes from the Overwatch League Grand Finals - CNET
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20 ways Warner thinks the US could crack down on Big Tech - CNET
Suggestions include creating GDPR-like data protection laws and funding media literacy programs. from CNET https://www.cnet.com/news/20-ways-sen-warner-thinks-the-us-could-crack-down-on-big-tech/#ftag=CADf328eec CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/20-ways-warner-thinks-us-could-crack.html July 31, 2018 at 12:31PM
Bpifrance invests in Jerusalem Venture Partners
French government investment bank Bpifrance has invested a major amount in JVP's new $200 million venture capital fund. from News http://www.globes.co.il/en/article-1001247999 CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/bpifrance-invests-in-jerusalem-venture.html July 30, 2018 at 12:31PM
Gasoline prices in Israel to rise Tue night
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Apartments sold and rented
A selection of recent real estate deals in Israel including in Tel Aviv, Givatayim, Modi'in, Ramle and Kfar Saba. from News http://www.globes.co.il/en/article-1001247958 CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/apartments-sold-and-rented.html July 30, 2018 at 12:31PM
Takeaway.com buys Israeli food delivery co 10bis for €135m
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Decathlon to open second Israeli sports store
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Warburg Pincus buying Leumi Card at $2.5b valuation
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Facebook acquires Israeli co Redkix for $100m
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Together signs another German medical cannabis deal
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BusinessDay 29 Jul 2018
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from BusinessDay : News you can trust https://www.businessdayonline.com/paywall/jul-2018/article/businessday-29-jul-2018/ CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/businessday-29-jul-2018.html July 29, 2018 at 12:31PM
Gov. Ikpeazu happy with construction work at Enyimba stadium
Abia state governor, Okezie Ikpeazu, has expressed satisfaction with the level of work at the Enyimba Stadium, under the remodeling project of the State Government. Ikpeazu made this known on Friday while addressing newsmen after inspecting the progress of work at the stadium in Aba. He said the project was initiated to transform the stadium to a world class, adding that the Confederation of African Football (CAF) would visit the facility for reaccreditation. “It is better now, it is more beautiful and more digital, we think it has met world standard, the new 23 restrooms that are being built have been designed taking into consideration those with disability. “The work that is going on indicates that the target will be met. “The bottom line is that we want top quality work in everything we do in the stadium, we may also have to provide some facilities for indoor games like handball, tennis,” Ikpeazu said. He said the state had a strong grassroots sports programme. Ikpeazu said the state was beginning to make economic statement using sports and described it as a good development. “Abia is known for soccer, handball, boxing, tennis, athletics and even sprints and we are going very strong in sprints. “We have soccer ambassadors that represent the country and most of them are investing in football academies springing up all over the state. “This means that no matter the number of people interested in soccer, the capacity to bring them up to date and expose them to world standard is available,” he said. Ikpeazu assured that reconstruction work at the stadium would be completed soon as the facility would be inaugurated on 28 August. from BusinessDay : News you can trust https://www.businessdayonline.com/sports/article/gov-ikpeazu-happy-construction-work-enyimba-stadium/ CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/gov-ikpeazu-happy-with-construction.html July 29, 2018 at 12:31PM
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UK lawmakers say Facebook hasn't played straight with them on fake news - CNET
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Certain audiophiles could consider Hifiman’s $999 Ananda headphone a bargain - CNET
The Audiophiliac compares Hifiman’s new $1K cans against some higher priced models. In short, the Ananda held its own. from CNET https://www.cnet.com/news/certain-audiophiles-could-consider-hifimans-999-ananda-headphone-a-bargain/#ftag=CADf328eec CLICK THIS LINK FOR FULL ARTICLE:- http://www.the-x-buzz.tk/2018/07/certain-audiophiles-could-consider.html July 29, 2018 at 12:31PM |
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