Render Boy http://render-boy.com/ Tue, 17 May 2022 23:09:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://render-boy.com/wp-content/uploads/2021/04/render-boy-icon-150x150.png Render Boy http://render-boy.com/ 32 32 Does Weigang Environmental Technology Holding Group (HKG:1845) use debt wisely? https://render-boy.com/does-weigang-environmental-technology-holding-group-hkg1845-use-debt-wisely/ Tue, 17 May 2022 23:09:54 +0000 https://render-boy.com/does-weigang-environmental-technology-holding-group-hkg1845-use-debt-wisely/

David Iben said it well when he said: “Volatility is not a risk that interests us. What matters to us is to avoid the permanent loss of capital. So it may be obvious that you need to take debt into account when thinking about the risk of a given stock, because too much debt can sink a business. Like many other companies Weigang Environmental Technology Holding Group Limited (HKG:1845) uses debt. But does this debt worry shareholders?

When is debt a problem?

Debt and other liabilities become risky for a business when it cannot easily meet those obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. However, a more frequent (but still costly) event is when a company has to issue shares at bargain prices, permanently diluting shareholders, just to shore up its balance sheet. That said, the most common situation is when a company manages its debt reasonably well – and to its own benefit. When we look at debt levels, we first consider cash and debt levels, together.

See our latest analysis for Weigang Environmental Technology Holding Group

How much debt does Weigang Environmental Technology Holding Group have?

The graph below, which you can click on for more details, shows that Weigang Environmental Technology Holding Group had a debt of 53.7 million yen in December 2021; about the same as the previous year. However, he has 79.2 million Canadian yen in cash to offset this, which translates to a net cash of 25.5 million Canadian yen.

SEHK: 1845 Debt to Equity History May 17, 2022

How healthy is Weigang Environmental Technology Holding Group’s balance sheet?

According to the latest published balance sheet, Weigang Environmental Technology Holding Group had liabilities of 290.5 million yen due within 12 months and liabilities of 2.94 million yen due beyond 12 months. In compensation for these obligations, it had cash of 79.2 million yen as well as receivables valued at 488.0 million yen due within 12 months. He can therefore boast of having 273.7 million yen more in liquid assets than total Passives.

This luscious liquidity means Weigang Environmental Technology Holding Group’s balance sheet is as strong as a giant sequoia. From this perspective, lenders should feel as secure as the beloved of a black belt karate master. In short, Weigang Environmental Technology Holding Group has net cash, so it’s fair to say that it doesn’t have heavy debt! The balance sheet is clearly the area to focus on when analyzing debt. But you can’t look at debt in total isolation; since Weigang Environmental Technology Holding Group will need revenue to repay this debt. So, if you want to know more about its earnings, it may be worth checking out this graph of its long-term trend.

Last year, Weigang Environmental Technology Holding Group was not profitable in terms of EBIT, but managed to increase its revenue by 4.6%, to 562 million yen. This rate of growth is a little slow for our liking, but it takes all types to make a world.

So how risky is Weigang Environmental Technology Holding Group?

By their very nature, companies that lose money are riskier than those with a long history of profitability. And last year, Weigang Environmental Technology Holding Group posted a loss in earnings before interest and taxes (EBIT), actually. And during the same period, it recorded a negative free cash outflow of 25 million Canadian yen and recorded a book loss of 12 million domestic yen. With just 25.5 million Canadian yen on the balance sheet, it looks like it will soon have to raise capital again. Overall, its balance sheet doesn’t look too risky, at the moment, but we’re still cautious until we see positive free cash flow. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks reside on the balance sheet, far from it. For example, we found 3 warning signs for Weigang Environmental Technology Holding Group (1 is a little unpleasant!) which you should be aware of before investing here.

In the end, sometimes it’s easier to focus on companies that don’t even need to take on debt. Readers can access a list of growth stocks with no net debt 100% freeright now.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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The top seven drivers of consumer installment borrowing with credit cards https://render-boy.com/the-top-seven-drivers-of-consumer-installment-borrowing-with-credit-cards/ Tue, 17 May 2022 18:30:00 +0000 https://render-boy.com/the-top-seven-drivers-of-consumer-installment-borrowing-with-credit-cards/

DUBLIN, May 17, 2022 /PRNewswire/ — The “Installment Loans: Fintechs Gain Ground on Installment Loan Forecasts $212 billion report has been added to from ResearchAndMarkets.com offer.

The report explains the situation of consumer installment loans in United States and how fintechs and financial companies are now overtaking banks and credit unions when it comes to installment loans. Additionally, this research examines how companies are offering integrated financial products such as CCaaS to enable customers to offer their own credit card product. Using four evaluation criteria, general guidance is provided for those seeking a relationship with a fintech provider.

“Banks used to dominate consumer lending, with installment loan products much cheaper than credit cards, but that’s no longer the case,” he said. Brian Riley, author of the research report. “Buy Now, Pay Later (BNPL) was a wake-up call for credit card issuers. BNPL was a revamp of a merchant funding model used long ago by companies like GECC (now Synchrony) and Household Finance Corporation (acquired by Capital One) Now fintechs are moving in the same direction with installment loans,” Riley says.

Highlights of the research note include:

  • Consumer Debt Trends in the United States
  • Trends in Fintech and Financial Companies vs. Financial Institutions
  • Why banks and credit unions should define the consumer lending space, not follow fintech trends
  • Strengths, Weaknesses, Opportunities and Threats for Established Banks and Fintechs
  • Comparison of revolving and installment loan products
  • Consumer survey data on installment loan users and top fintech lenders

Main topics covered:

  • Summary
  • Household debt in United States
  • Unsecured Installment Loans: Defining the Space
  • Reasons why consumers choose non-traditional lenders
  • Installment Loans: Risks and Opportunities for Financial Institutions and Fintechs
  • What financial institutions should do
  • What Fintechs and Traders Should Do

Figures and tables

  • Figure 1: Consumer debt in United States totals $15.6 trillion in all warranty classes
  • Figure 2: Unsecured personal loans in the United States will reach $212 billion by 2025
  • Figure 3: Fintechs and financial companies overtook banks and credit unions in terms of market share between 2016 and 2021
  • Figure 4: Range of consumer credit products
  • from unsecured revolving and installment loans to secured loans
  • Figure 5: Nearly a quarter of cardholders surveyed said they use an online lender
  • Figure 6: Top seven drivers of installment borrowing by credit card consumers

Companies cited

  • Credit Acima
  • To affirm
  • American Express
  • Before
  • The bank rate
  • Mixing laboratories
  • Bread
  • Capital one
  • City
  • Discover
  • Equifax
  • Experian
  • World FIS
  • FICO
  • Fiserv
  • GECC
  • HFCs
  • JPMorgan Chase
  • Jack Henry
  • Klarna
  • loan club
  • LightStream
  • MasterCard
  • NerdWallet
  • Opportunity
  • Prosper
  • Bank of Regions
  • Rocket companies
  • SoFi
  • Synchrony
  • TSYS
  • Truist
  • Trans Union
  • Improve
  • Reached
  • Visa
  • well Fargo
  • worldpay
  • Zopa

For more information on this report, visit https://www.researchandmarkets.com/r/v23opm

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

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SOURCE Research and Markets

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The ‘Treme’ Actor Brings an Iconic Show to America https://render-boy.com/the-treme-actor-brings-an-iconic-show-to-america/ Tue, 17 May 2022 03:46:00 +0000 https://render-boy.com/the-treme-actor-brings-an-iconic-show-to-america/ Pierce’s portrayal of protagonist Willy Lowman puts a new spin on the classic Arthur Miller story.

NEW ORLEANS – New Orleans actor Wendell Pierce brings Death of a seller on Broadway.

The award-winning show is considered by many critics to be one of the greatest plays of the 20th century.

Pierce’s portrayal of protagonist Willy Lowman puts a new spin on the classic Arthur Miller story.

“It’s definitely the role of a lifetime,” Pierce told WWL-TV. “It will be the highlight of my career.”

That’s saying a lot when you consider Pierce’s long and successful career with memorable roles in projects such as the The Wire, Treme, Suits, Chicago PD, and the Jack Ryan series.

This will be his fourth trip to Broadway.

“It’s very exciting not only to play the role, I did it in London in the West End and now to bring it to America on Broadway is going to be historic,” Pierce said.

Historic, because this production is told from the point of view of a black family living in a predominantly white world.

“The play tells how the American dream can be a failure for so many people.” said Pierce. “You put that through the prism of the African-American experience, and you realize how even more destructive it can be.”

The play is set in 1940s New York.

It is about a traveling salesman who is disappointed with his life and seems to be slipping into senility.

The play’s central themes of self-identity, unrealistic expectations and out-of-reach wealth are just as relevant today as they were 70 years ago when drama struck for the first time. first time on Broadway.

Pierce says looking Death of a seller from an African-American perspective, only adds to the challenges written in the piece.

“From despair, from denial, a loss of vision, a loss of their own individuality and then you add that to discrimination, to oppression, to racial oppression, it adds all these different variables that teach us the lesson about how a person’s life can be destroyed, and a psyche can be destroyed by this ugly side of human nature.

He predicts that the play’s revival will resonate with a wide audience.

“It speaks over time. He talks about gender. He talks about race. He speaks about the locale. If it is truthful and speaks to the human condition, its authenticity will speak to the heart of every person.

Pierce says Willy Lowman has a few things in common with another of his famous characters, near and dear to New Orleans, Antoine Batiste from the hit HBO series Treme.

“How does Willy Lowman look like Antoine Batiste? A man with a great desire and vision, who doesn’t always have the easy way to get there. Antoine had hope that Willy would lose. Willy had it at one point, but Willy lost it.

Details are still being worked out, but Pierce Death of the seller is now set to hit Broadway this fall.

Pierce also appeared on Broadway in the Bwinter oystersSserious moneyand RGulf of Adio.

He won a Tony Award for best play, as producer of Clybourne Park in 2012.

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JPST: return to hold value (BATS: JPST) https://render-boy.com/jpst-return-to-hold-value-bats-jpst/ Mon, 16 May 2022 20:05:00 +0000 https://render-boy.com/jpst-return-to-hold-value-bats-jpst/

KanawatTH/iStock via Getty Images

Thesis

JPMorgan Ultra-Short Income ETF (BAT:JPST) is a short-duration bond ETF that invests its proceeds in high-quality bonds, asset-backed securities and Treasury guarantees with very short maturity dates. At the end of 2021, we wrote an article where we explained why simply holding onto cash is a better idea than using a short-term bond vehicle like JPST in light of the upcoming monetary tightening environment. Our thesis turned out to be correct, with a slightly negative JPST for 2022. In normalized interest rate environments, these vehicles are ideal for storing reserve money because they generally maintain a stable net asset value and price while providing increased returns to investors. In a tightening environment, when rates rise, bond prices fall, so even for very short-dated bonds, the price tends to fall rather than be stable.

With most risk-free rates behind us, we are finally finding value in the fund. JPST is a very robust and proven short-duration bond fund that has now returned to a healthy 30-day SEC yield and stable pro forma NAV for the remainder of the year. Unless inflation spirals out of control for the remainder of the year, we believe the Fed will raise rates to a neutral 2.5% for fed funds, after which it will wait for the broader assessment of the economic impact. The yield curve has already priced this move, so we believe JPST will post a stable NAV going forward and reward investors with a robust return. We are moving to To buy on JPST as a cash parking vehicle for retail investors.

Performance

Since our article where we advised to hold only cash, the fund is very slightly down:

Evaluation

Author’s Note (Search Alpha)

We weren’t expecting a significant negative performance here, just a small negative, which happened. Even the best short-duration vehicles have small negative performance under such severe crunch cycles.

The fund is only slightly down since the start of the year:

YTD

Cumulative performance since the beginning of the year (in search of alpha)

This outperformance relative to other asset classes is due to its very short duration profile, with the bond’s laddered maturities allowing the fund to ride on current market yields, resulting in little overall underperformance.

Assets

The fund only holds good quality securities:

credit

Credit quality (fund fact sheet)

We can see that around 22.2% of the portfolio is parked in AAA securities, with an even spread across the credit spectrum down to BBB securities.

High-quality corporate bonds are the main holding of the portfolio, representing more than 50% of the securities:

while carrying

Holdings (Fund Fact Sheet)

In addition to investment grade bonds, the fund holds a significant amount of commercial paper (CP) and asset-backed securities.

From a duration and weighted average life perspective, everything is very short-term, giving the fund an overall duration of less than 1 year:

rug

Maturity Profile (Fund Fact Sheet)

The fund currently has a duration of 0.39 years, making it a very short-term investment vehicle that will capture rising yields when the bonds are rolled over.

Dividend yield vs 30-day SEC yield

Dividend yield

Usually, financial websites show a 12-month dividend yield when reporting this metric. For example, if you look at JPST on Seeking Alpha, you will notice that the dividend box shows a ratio of 0.87% – when you look at the details of how this is calculated (go to the Dividends tab – Dividend History ), you’ll notice that this metric actually calculates by adding up the dividends paid over the last 12 months and then annualizing that figure relative to the current market price of the funds. In a stable interest rate environment, this measure is appropriate, but in a rising/falling interest rate environment, looking at this analysis would be very misleading (as rates rise, the dividend yield would underestimate this you get, for example).

30 Day SEC Yield

This is the best measure when analyzing a short duration bond fund given the current interest rate environment and the propensity for some funds to have a rolling effect in their bond holdings. , where the discount to par is absorbed by the attraction of maturity and higher yields. bonds are purchased. This creates an effect of having a much higher 30-day SEC yield compared to a 12-month dividend yield. The SEC’s 30-day yield is the best metric to consider when considering short-term bond funds, as it gives you an accurate picture of how much money you’re actually going to receive based on the current portfolio situation. and where the market price clears. . Taking the same example as above, we will notice that JPST has a 30-day SEC yield of 1.49% versus 0.87% declared dividend yield.

Conclusion

JPST is a short-duration bond fund that had a modest negative performance in 2022 due to higher rates. With most of the curve movement behind us, we believe the fund will have a stable net asset value going forward. Given rising yields and the fund’s strong 30-day SEC yield of 1.49% and rising, JPST is once again becoming an attractive parking vehicle. We are moving to To buy on JPST.

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Zacks: Brokerages expect American Equity Investment Life Holding (NYSE:AEL) to report earnings of $0.97 per share https://render-boy.com/zacks-brokerages-expect-american-equity-investment-life-holding-nyseael-to-report-earnings-of-0-97-per-share/ Mon, 16 May 2022 12:05:02 +0000 https://render-boy.com/zacks-brokerages-expect-american-equity-investment-life-holding-nyseael-to-report-earnings-of-0-97-per-share/

Equity research analysts expect American Equity Investment Life Holding (NYSE:AELGet a rating) to post earnings per share of $0.97 for the current quarter, according to Zacks Investment Research. Four analysts made earnings estimates for American Equity Investment Life. The highest EPS estimate is $1.07 and the lowest is $0.73. American Equity Investment Life posted earnings per share of $0.98 in the same quarter last year, indicating a negative 1% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.

On average, analysts expect American Equity Investment Life to report annual earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $4.35 . For the next fiscal year, analysts expect the company to report earnings of $5.08 per share, with EPS estimates ranging from $4.85 to $5.25. Zacks earnings per share averages are an average average based on a survey of research analysts who follow American Equity Investment Life.

Investment in American Life stocks (NYSE:AELGet a rating) last released its quarterly results on Wednesday, May 4. The financial services provider reported earnings per share (EPS) of $0.92 for the quarter, meeting analyst consensus estimates of $0.92. American Equity Investment Life achieved a return on equity of 7.26% and a net margin of 26.35%. The company posted revenue of $147.80 million for the quarter, versus analyst estimates of $612.85 million. In the same period a year earlier, the company posted earnings per share of $0.43. The company’s revenue was down 84.6% year over year.

AEL has been the subject of a number of recent analyst reports. Jefferies Financial Group began covering American Equity Investment Life in a research report on Tuesday, January 25. They set a “holding” rating and a price target of $42.00 for the company. StockNews.com In a research report on Thursday, shares of American Equity Investment Life were downgraded from a “hold” rating to a “buy” rating. Zacks Investment Research upgraded American Equity Investment Life from a “sell” to a “hold” rating and set a price target of $37.00 for the stock in a Tuesday, May 10 research note. Finally, Morgan Stanley raised its price target on American Equity Investment Life from $40.00 to $41.00 and gave the stock an “equal weight” rating in a Tuesday, February 22 research report. Four investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $42.18.

ALE opened at $34.02 on Friday. American Equity Investment Life has a one-year low of $27.12 and a one-year high of $44.49. The company’s 50-day moving average price is $38.42 and its 200-day moving average price is $38.39. The stock has a market capitalization of $3.17 billion, a PE ratio of 4.60 and a beta of 1.10. The company has a debt ratio of 0.11, a quick ratio of 0.20 and a current ratio of 0.17.

In related news, EVP Ronald James Grensteiner sold 15,963 shares in a trade dated Monday, March 14. The shares were sold at an average price of $38.37, for a total value of $612,500.31. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, director Joyce Ann Chapman sold 3,856 shares of the company in a trade that took place on Wednesday, March 9. The shares were sold at an average price of $38.26, for a total value of $147,530.56. Disclosure of this sale can be found here. Insiders sold a total of 29,007 shares of the company worth $1,112,023 over the past three months. 1.90% of the shares are currently held by insiders.

Hedge funds and other institutional investors have recently changed their positions in the stock. First Trust Advisors LP increased its stake in American Equity Investment Life shares by 35.4% in Q1. First Trust Advisors LP now owns 93,246 shares of the financial services provider valued at $2,520,000 after buying an additional 24,396 shares last quarter. Morgan Stanley increased its stake in shares of American Equity Investment Life by 19.6% during the second quarter. Morgan Stanley now owns 394,595 shares of the financial services provider valued at $12,754,000 after purchasing an additional 64,764 shares during the period. SG Americas Securities LLC increased its equity stake in American Equity Investment Life by 137.1% in the third quarter. SG Americas Securities LLC now owns 12,799 shares of the financial services provider valued at $378,000 after purchasing an additional 7,400 shares during the period. Truist Financial Corp acquired a new stake in American Equity Investment Life during Q3 worth $204,000. Finally, Russell Investments Group Ltd. increased its stake in American Equity Investment Life by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 273,358 shares of the financial services provider worth $8,080,000 after purchasing an additional 7,842 shares during the period. Hedge funds and other institutional investors hold 95.15% of the company’s shares.

American Equity Investment Life Insurance Company Profile (Get a rating)

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues index and fixed rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks and registered investment advisers.

See also

Get a Free Copy of Zacks Research Report on American Equity Investment Life (AEL)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for American Equity Investment Life (NYSE:AEL)



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bitcoin is bad https://render-boy.com/bitcoin-is-bad/ Sun, 15 May 2022 12:18:02 +0000 https://render-boy.com/bitcoin-is-bad/

Why Not All Cryptocurrencies Are Alike, and Why You Should Care and (Re)Act

Background

For longer than I’d like to admit, I’ve had expertise in banking and retail payments infrastructure. Being very curious about all things digital, especially in my profession, I added distributed ledger technology, blockchain, tokenization, cryptocurrencies, as well as central bank digital currencies to my areas of research. expertise.

So, now that all the Toms, Dicks, Harrys, and sadly El Salvadors have gotten into cryptocurrencies, and Gucci and Mastercard and Visa allow them to be spent in real life, I thought it was important to add some serious food for thought for those who have, or are considering entering the cryptocurrency space.

The basics of cryptocurrency

Before diving into what cryptocurrencies such as Bitcoin, Ether (ETH) or Dogecoin are (besides not being money), there are a few basics to understand.

A blockchain

The basis of cryptocurrencies is the blockchain database. As the name suggests, data is stored in blocks with blocks added together in a long endless chain of blocks, hence the term blockchain. The blockchain (the ledger) is distributed on many independent computers and is an example of Distributed Ledger Technology or DLT.

Ensuring the legitimacy of the bloc

For an individual block to be connected or chained to the existing blockchain, the block must be validated to ensure that the parties performing the transactions are who they claim to be, that they have the permission to transact, that transactions occur in order, and that there is no double spending of an asset.

On a blockchain the validation method is called the consensus method, which means that all computers on the blockchain can have a say and a role in validating the addition of a block (of data). A computer validating a block receives a reward for the inconvenience. On a blockchain, this reward is called its cryptocurrency.

Block Validation Types

Typically, one of two consensus models is used:

Proof of Work (PoW):

First introduced on the Bitcoin blockchain, Proof of Work describes an approach in which computers on a blockchain can compete to solve a complex mathematical puzzle by employing “brute force”, i.e. contributing to computing power to validate transactions and create the hash of a block, close it and add it to the blockchain. This is called mining.

The computer that solves the puzzle first receives the block reward mentioned above in the form of the blockchain cryptocurrency. The greater the perceived value of the reward, the greater the incentive to apply computing power. In the case of the Bitcoin blockchain, this is encouraged by the reward being 6.25 Bitcoins (at the time of writing) or the equivalent of approx. $200,000!

Proof of Stake (PoS):

Instead of all computers expending computing power at the same time to solve puzzle and “hash” blocks, each computer can participate in a kind of lottery where the computer is chosen at random. The more lottery tickets, the greater the chances of being chosen and receiving the reward. In other words, the more the challenges, the more chance there is of a reward, hence the name Proof of Stake. Lottery tickets are the cryptocurrency of the blockchain. As the computer chosen to solve the puzzle is random, it involves much less total computing power than PoW.

Why Bitcoin is Bad

Bitcoin and ETH (Ether) make up the vast majority of cryptocurrency transactions. And many of the other estimated 10,000 cryptocurrencies are built on the Ethereum blockchain.

Bitcoin and Ethereum blockchains are both PoW-based, where increased traffic and interest in a cryptocurrency translates directly into applied computing power and, therefore, higher energy consumption. high. And in the case of Bitcoin and the Ethereum platform, it is a considerable amount of energy! Some bitcoin miners just focus on this reward and have built huge “mining” farms, basically consisting of thousands of powerful computers competing to solve the puzzle and receive the bitcoin reward. Mining operations are a huge drain on the power grid as some mining operations have gone so far as to reactivate abandoned coal-fired power stations!

At the time of writing, a year’s traffic and usage of the Bitcoin blockchain alone accounted for 205 TWh of the world’s energy consumption of 166,000 TWh, 70% of which was coal, gas or of nuclear. Over a year, Bitcoins uses (at the time of writing):

  • 1 bulb lit in 800
  • 17 times the energy of Google and its entire operations (12 TWh per year)
  • 41 times the energy of Facebook (5 TWh per year)
  • The equivalent of Thailand’s annual energy consumption

How to reduce energy on cryptocurrencies?

There are other validation methods besides Pow and PoS such as Delegated Proof of Stake (dPoS), Proof of Authority (PoA), Proof of Burn (PoB), Proof of Developer (PoD), and Suite.

They all reward the chosen validating computer, with a cryptocurrency tied to that blockchain. Each method has its advantages and disadvantages, but none depends as much on computing power (therefore energy consumption) as proof of work!
Ethereum plans to fully transition to Proof of Stake consensus in late 2022, which is supposed to be 99.95% more energy efficient than Ethereum’s current proof of work.

When it comes to Bitcoin (which accounts for 2/3 of PoW-based traffic (2022), the genie is unfortunately out of the bottle. No one controls Bitcoin, so there’s no way to override its built-in PoW.

By way of great [global] large-scale regulatory measures, could it be possible to affect the Bitcoin blockchain or other PoW-based blockchain cryptocurrencies.

A 51% attack, exploiting the PoW consensus model, might also do well on a PoW-based blockchain.

A global agreement with 100% of countries and territories agreeing to make PoW (cryptocurrency mining) illegal is also an option. However, that seems highly unlikely.

A final option would be for the world’s major card schemes to make it harder, not easier, to exchange between PoW cryptocurrencies and real-world money. However, they seem to be increasingly focused on getting a “share of the action” and partnering with exchanges and issuers, trying to leverage their global networks to make it easier to actually use Bitcoin. and other power-hungry PoW cryptocurrencies.

Visa and Mastercard are using Bitcoin as the engine for their entry into the cryptocurrency space. However, this puts MasterCard’s crypto program in clear conflict with sustainable growth, as stated in the “Mastercard Manifesto” and Visa’s crypto program in conflict with “Visa’s values” on “protecting the planet”. “.

Epilogue

Blockchain is a very exciting good technology and has the potential to dramatically change our world. Subject to regulation (and thoughtful and enduring enforcement), blockchain and even cryptocurrencies have a role to play regarding the digital exchange and management of assets and securities. But the proliferation and indiscriminate use and application of PoW-based blockchain does not bode well for the world.

One of my astute fellow experts especially in CBDCs, Lasse Meholm, also posted about the [lack of] sustainability behind crypto assets. Read his blog here [in Norwegian].

I also invite you to read my other blog on why cryptocurrency is not money.

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How a Magazine Called “Amerika” Helped Win the Cold War https://render-boy.com/how-a-magazine-called-amerika-helped-win-the-cold-war/ Sun, 15 May 2022 11:00:00 +0000 https://render-boy.com/how-a-magazine-called-amerika-helped-win-the-cold-war/

But the indirect “soft power” pitch of America is about a different time when citizens rarely met in person, let alone had direct access to their social media posts. Although the United States was only allowed to print 50,000 Russian copies per month for most of its run, the magazine helped shape Soviet views of the supposed nemesis in subtle but significant ways.

The first crack of the American government to America came in 1945, when the Cold War replaced World War II as the major international conflict. Averell Harriman, then ambassador to Moscow, asked permission to distribute an illustrated magazine on the United States, convinced that it was better to display the virtues of America than to attack the Soviet system.

The result, America, was inspired by LIFE magazine, the oversized, image-rich glossy paper that was a hit on American newsstands throughout the mid-20th century. often called Illustrated America for the American public, America was, Time magazine reported, “hot stuff. (Russians) loved his stunning images of Arizona deserts, TVA dams, white spiers of a Connecticut town, Radio City…” And Russian women, concocting their own clothes at home, copied the styles they saw in its pages. , according to former U.S. Foreign Service officer Yale Richmond, who outlines the origin story briefly in his 2010 book, “Cultural Exchange and the Cold War: Raising the Iron Curtain.”

As you leaf through some of these first issues, you see the determination to present American capitalism as a real system that raises the standard of living of ordinary mortals. In bold large photographs are exhibited a supermarket’s cut-price premium, oil rig workers beaming as they take a lunch break, a modernist home showcasing accessible home styling, fireworks and a Ferris wheel for entertainment, and not just waves but amber oceans of grain. All this, plus some diagrams of how American football works.

A 1949 Time article as America prepared its first Czech-language edition claims—without attribution—that the 50,000 Russian-language copies of the propaganda periodical had a transmission rate that meant one million Soviets read each one.

Perhaps that figure itself is propaganda passed to a magazine reporter, but “the magazine’s success…was too much for the Soviet authorities”, Richmond wrote, and the Soviets kept sending back allegedly unsold copies. (which cost the prestige price of 10 rubles, or $1.23). ) at the United States Embassy. So in 1952, he says, the United States “reluctantly discontinued” the magazine. It happened even as the New York Times editorialized against the cessation because America gave Russians “an insight into American life and American goals in refutation of Soviet lies,” according to a 2010 American Diplomacy magazine article titled “The Full-Format American Dream: Amerika as a key tool of Cold War public diplomacy “.

America came back to life as part of a new US-Soviet cultural exchange agreement in 1956, and in this iteration it regained the power it once held and gained additional respect for the sophistication of its visual presentation. In the process, he became a touchstone for young American foreign service workers.

Today, “the tools are new. But the objective is not new because in Soviet times there was an attempt to raise awareness directly, from people to people,” explains Rose Gottemoeller, a former American diplomat working in the Soviet Union who became Deputy Secretary General of the NATO from 2016. to 2019. “Amerika magazine was born out of these efforts to speak directly to the Soviet people.”

Gottemoeller recalls that early in her career she visited libraries in Soviet satellite republics and saw copies of the magazine fraying from a significant readership – part of a considerable body of evidence disproving the official line of the USSR that Amerika was simply not popular.

At the time, the magazine’s publisher, the US Information Agency, also organized traveling exhibitions on life in America, which Gottemoeller helped produce, including organizing an exhibition on American photography in kyiv in 1976. Diplomats were taking the return, allegedly unsold. copies of America to give away at such shows. “They came out like hotcakes,” recalls Gottemoeller.

The look at a country people would probably never visit was a draw, sure, but the formatting itself helped make the case, she says.

“It was very high quality compared to the Soviet edition of the time. If you had Soviet magazines, they didn’t have pretty glossy color pictures. And they looked grainy and weren’t printed on high-quality paper,” says Gottemoeller. “So one of the reasons they were so popular is that they in a way embodied for a Soviet audience the glamor and wealth of the West.”

Those with more detached views came to similar conclusions.

“America was a minor expense, but a major success, in the Cold War of Ideas,” Richmond concluded in “Cultural Exchange and the Cold War.” He, too, noted the “dog-eared copies” Americans witnessed during their visits to Soviet homes—a phenomenon that led the USIA to use heavier stocks and thicker staples—and “the extreme measures taken by the Soviet authorities to limit its distribution”.

About these ‘extreme measures’: While researching his 2007 book ‘The American Mission and the ‘Evil Empire’, Rutgers historian David Foglesong found evidence in Soviet archives from the late 1900s. 1950s, the Nikita Khrushchev era, that the Soviet government was wary of the magazine’s potential impact in the hinterland, handing it over mainly to urban elites and Communist Party members.

“They specifically banned distribution in the Baltic states and other outlying regions of the Soviet Union… where people’s loyalty was already questionable,” Foglesong said.

Amerika was, in a sense, the good cop in American public diplomacy efforts. Direct criticism of the USSR came from some of the government broadcasts Radio Liberty and Radio Free Europe broadcast through the Iron Curtain. But Amerika – with the exhibition program to which Gottemoeller refers – presented a relentlessly optimistic view of life in the United States.

The positive tone of the stories “was something the Soviet government and the Communist Party hated,” says Michael Hurley, who retired from the State Department in 2015 after 30 years, including three stints at the U.S. Embassy. United in Moscow. “The articles were, I like to say, light American propaganda.”

Bobby Fischer made a America cover in March 1972, months before he beat Boris Spassky to beat the Soviets at their game and become America’s first world chess champion. Other cultural coverage featured dancers, classical musicians and writers, proof that the United States was no land of rubies.

“It’s always been very important to me as a public affairs officer, to demonstrate to the Russians and the Soviets that we have a culture,” says Hurley, a culture that goes beyond “rock and roll, hamburgers and jeans”.

But for all the text in the articles — some written by freelancers, most translated and reprinted from American magazines — the vibrant photos, many of them shot by top photographers, were key to the business. The photo sets were a more compelling depiction of life in America than any written article could be.

“We had some of the best graphic designers and photo editors,” says Howard Cincotta, the magazine’s writer and editor from 1975 to 1980. Soviet readers “didn’t necessarily believe what we wrote in America, but the photographs were something else. They didn’t lie.

Elio Battaglia became the magazine’s photo editor in the late 1960s, and he says that although it was a politically motivated government publication, he found it to be a much more work environment. free as his previous job at National Geographic.

“It was a great magazine,” he says. “John Jacobs, who was the editor, just injected so much life into it. He gave us a free range of illustrations and allowed us to use full pages, just like Life magazine.

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Coforge (NSE:COFORGE) will pay a dividend of ₹13.00 https://render-boy.com/coforge-nsecoforge-will-pay-a-dividend-of-%e2%82%b913-00/ Sun, 15 May 2022 02:26:12 +0000 https://render-boy.com/coforge-nsecoforge-will-pay-a-dividend-of-%e2%82%b913-00/

The advice of Coforge Limited (NSE:COFORGE) announced that it will pay a dividend on June 11, with investors receiving ₹13.00 per share. Taking this payment into account, the dividend yield on the stock will be 1.4%, representing a modest increase in shareholder return.

See our latest analysis for Coforge

Coforge’s dividend is well covered by earnings

If predictable over a long period, even low dividend yields can be attractive. Based on the last payout, Coforge was earning comfortably enough to cover the dividend. This means that a large portion of his income is kept to grow the business.

Next year is expected to see EPS increase by 26.1%. If the dividend continues on this path, the payout ratio could be 46% by next year, which we believe can be quite sustainable in the future.

NSEI:COFORGE Historic Dividend May 15, 2022

Dividend volatility

While the company has been paying a dividend for a long time, it has cut the dividend at least once in the past 10 years. Since 2012, the dividend has increased from ₹7.50 to ₹52.00. This means that it has increased its distributions by 21% per year during this period. Dividends have grown rapidly over this period, but with cuts in the past, we’re not sure this stock will be a reliable source of income in the future.

The dividend should increase

With a relatively unstable dividend, it is even more important to see if earnings per share increase. Coforge has impressed us by increasing EPS by 22% per year over the past five years. The company has no problem growing, despite returning much of the capital to shareholders, which is a very nice combination for a dividend-paying stock.

We really like the Coforge dividend

Overall, we think it’s a great income investment and we think keeping the dividend this year may have been a prudent choice. Distributions are quite easily covered by earnings, which are also converted into cash flow. All of these factors taken into account, we believe this has strong potential as a dividend-paying stock.

It is important to note that companies with a consistent dividend policy will generate greater investor confidence than those with an erratic policy. At the same time, there are other factors that our readers should be aware of before investing capital in a stock. For example, we chose 3 warning signs for Coforge that investors should consider. Coforge not quite the opportunity you were looking for? Why not check out our selection of the best dividend stocks.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Everi (NYSE:EVRI) Rating Downgraded to Maintain at Zacks Investment Research https://render-boy.com/everi-nyseevri-rating-downgraded-to-maintain-at-zacks-investment-research/ Sat, 14 May 2022 15:44:30 +0000 https://render-boy.com/everi-nyseevri-rating-downgraded-to-maintain-at-zacks-investment-research/

Zacks Investment Research downgraded shares of Everi (NYSE: EVRIGet a rating) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “Everi Holdings Inc. is a holding company that operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Gaming and Payments. Global Cash Access, Inc. provides integrated game payment solutions, video and mechanical game content and technology solutions, and software and compliance software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, USA. “

Other equity research analysts have also published research reports on the company. TheStreet moved Everi from AC rating to AB rating in a Friday, April 1 report. StockNews.com raised Everi from a buy rating to a strong buy rating in a report on Friday, May 6. Finally, Roth Capital began covering Everi in a report on Tuesday, April 5. They issued a buy rating for the company. One research analyst gave the stock a hold rating, four gave the stock a buy rating and two gave the stock a strong buy rating. Based on data from MarketBeat.com, the company currently has an average Buy rating and consensus price target of $29.40.

Shares of Everi Stock traded at $0.83 during Friday trading hours, hitting $16.89. 884,229 shares of the company were traded, compared to its average volume of 964,723. The company has a fifty-day simple moving average of $19.57 and a 200-day simple moving average of $20.92. Everi has a 12-month low of $15.05 and a 12-month high of $26.61. The stock has a market capitalization of $1.55 billion, a price-earnings ratio of 10.43 and a beta of 2.61. The company has a debt ratio of 4.60, a current ratio of 1.27 and a quick ratio of 1.11.

Everi (NYSE: EVRIGet a rating) last reported quarterly earnings data on Tuesday, May 10. The credit service provider reported earnings per share of $0.31 for the quarter, beating the consensus estimate of $0.28 by $0.03. Everi had a return on equity of 98.81% and a net margin of 23.52%. The company posted revenue of $175.60 million in the quarter, compared to analyst estimates of $169.38 million. During the same quarter last year, the company posted EPS of $0.21. The company’s revenue for the quarter increased 26.2% year over year. On average, analysts expect Everi to post 1.33 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently changed their stakes in the company. Patriot Financial Group Insurance Agency LLC purchased a new position from Everi in Q4 worth approximately $25,000. Counterpoint Mutual Funds LLC purchased a new equity stake in Everi during Q4, valued at approximately $28,000. FMR LLC purchased a new equity stake in Everi during Q1 worth approximately $29,000. Manchester Capital Management LLC purchased a new stake in Everi stock during Q3, valued at approximately $34,000. Finally, Dark Forest Capital Management LP purchased a new equity stake in Everi during Q3 valued at approximately $47,000. Institutional investors and hedge funds hold 88.40% of the company’s shares.

About Everi (Get a rating)

Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, United Kingdom, Europe, the Caribbean, Central America and Asia. It operates in two segments, Gaming and FinTech. The Company offers local and extended progressive game products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content and related equipment.

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Analyst Recommendations for Everi (NYSE: EVRI)



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How a Bitcoin Market “In Extreme Fear” Compares to the Past and What to Expect Next https://render-boy.com/how-a-bitcoin-market-in-extreme-fear-compares-to-the-past-and-what-to-expect-next/ Fri, 13 May 2022 21:46:00 +0000 https://render-boy.com/how-a-bitcoin-market-in-extreme-fear-compares-to-the-past-and-what-to-expect-next/ Stablecoin USDTerra, or UST USTUSD,
+16.86%,
once among the 10 largest cryptocurrencies by market capitalization, lost its 1-to-1 peg against the U.S. dollar, falling to 6 cents on Friday, according to data from CoinDesk. LUNA LUNA USD,
12.50,
another cryptocurrency backing UST, fell to near zero from over $80 in early May, with its market capitalization shrinking by over $40 billion since early April.

It marks “the biggest wealth-destroying event in the short history of crypto markets,” since the inception of bitcoin in 2019, crypto trading firm QCP Capital wrote in a Friday note.

Explain : Why is UST, LUNA crashing? The Collapse of a Once $40 Billion Cryptocurrency, Explained

Meanwhile, bitcoin BTCUSD,
-1.07%
Thursday fell to $25,402, the lowest level since December 2020, before rebounding to around $30,000 on Friday, according to data from CoinDesk. Bitcoin’s fear and greed index is currently at one of its lowest points, indicating extreme fear.

USDTUSD tether,
-0.03%,
the largest stablecoin, briefly fell to 96 cents against the dollar on Thursday, before bouncing back to $1.

More … than 400 billion dollars has been wiped out of the crypto market in the past seven days, according to CoinGecko. All sectors of the crypto space recorded double-digit losses during this period, with cryptocurrencies linked to Web 3, the so-called next generation of the Internet, posting the largest loss of 41% on average , according to Messari analysts.

The series of events could herald the start of another “crypto winter,” an industry participant said, echoing a common theme this week on Twitter.

Some are more optimistic. ” It’s a model. When you look at what happened in 2014, the crash happened and there was great panic. People say, oh, crypto is dead. It doesn’t come back. But of course it came back,” Mike Belshe, founder and CEO of crypto infrastructure provider BitGo, told MarketWatch in an interview.

Admittedly, the industry is still nascent and poorly regulated, while the crypto market remains volatile with high risks.

Bitcoin withdrawal

At a Thursday low of $25,402, bitcoin was down 63% from its all-time high of $68,990 in November. The percentage decline is higher than the 54% drop from the July 2021 cycle high, but lower than other bear markets.

The chart below shows Bitcoin’s previous pullback from each cycle high.

glass knot

In March 2020, bitcoin was down 77% from the peak of the cycle, according to data from Glassnode. In the January 2015 and December 2018 bear markets, bitcoin capitulated to lows of 85.5% and 83.8% from local highs, respectively, according to data from Glassnode.

Market low?

Some have said that bitcoin is approaching a “generational cyclical bottom”.

Bitcoin’s Thursday low is near its realized price, the aggregate cost base of on-chain investors, which currently stands at $24,000, wrote Will Clemente, chief analyst at Bitcoin mining firm Blockware Solutions, in a Friday note. “Any price below the realized price should be considered extreme value,” Clemente wrote.

Historically, anytime the price of bitcoin approached the realized price, it indicated a buying opportunity, Clemente told MarketWatch in a recent interview.

It’s also worth watching bitcoin’s 200-week moving average price, which typically points to a cyclical bottom, Clemente said. It is currently sitting slightly above $21,500.

Yet, great uncertainties remain in financial markets, as evidenced by equity price movements.

Lily: Despite the rebound, the S&P 500 is hovering dangerously close to the bear market. Here’s the number that matters

“I think this is just the beginning of a continued decline in crypto,” Jay Hatfield, chief investment officer at Infrastructure Capital Management, told MarketWatch in a recent interview.

Hatfield attributed bitcoin’s strong performance in 2020 and 2021 in part to the Federal Reserve’s quantitative easing policy. “We had an unprecedented increase in Fed liquidity, buying $120 billion a month of securities. And now we will have an erratic shift toward a $95 billion per month cash cut,” Hatfield said.

“The Fed hasn’t even started quantitative tightening. They just said they were going to do it,” Hatfield said.

Hatfield estimated that bitcoin could fall to $20,000 by the end of this year, and said that in the worst-case scenario, it could return to its pre-pandemic level of around 10,000. dollars. “I’m not predicting we’ll get there, but $10,000 would be a reasonable goal,” Hatfield said. Hatfield compared bitcoin to Cathie Wood’s flagship Ark Innovation ETF ARKK,
+11.82%,
which is down more than 70% from its peak and around the same level in March 2020.

Lily: As Ark’s flagship fund plunges 76% from its peak, Cathie Wood still views its shares as residing in ‘deep value territory’

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