Logan Ridge Continues To Execute Their Calculated Turnaround (nasdaq:lrfc)
Logan Ridge Finance Corp. (NASDAQ:LRFC) is a BDC (Business Development Company) that provides financing to small and midsize private companies in the form of either debt or equity. This is an option of financing for those companies that outgrow their local bank but aren't big enough for Wall Street or larger banks. It is our seventh largest position in the fund and now has a market cap of $60m. CEO Ted Goldthorpe and his BC Partners team continue to execute their calculated turnaround at Logan Ridge Financial since they took over in 2021.
The Turnaround Star - Why I See Over 40% Upside For Phillips 66 Stock | Seeking Alpha
Phillips 66 (NYSE:PSX) has become one of my favorite stocks to cover. In general, I have always liked covering the company due to its significant footprint in the refinery and chemical industries. However, in my most recent article, published on December 5, I covered a major new development, including an activist investor, going with the title "60% Gains Plus Dividends With Phillips 66 If Elliott Is Right." Since my November article on Phillips 66, activist giant Elliott Investment Management has entered the scene with a $1 billion stake and a bold letter to the board.
Asset Management: Investors Hope For China Turnaround
Plus, hedge fund performance, a fee bonanza for money market funds and dry martini January. :
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Bob Iger’s Turnaround Plan For Disney Takes Shape - The New York Times
Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan.
Intel Foundry Leader To Depart, Shaking Up Gelsinger’s Turnaround Plan
(Bloomberg) -- Intel Corp. executive Randhir Thakur, who oversaw a key part of the company’s comeback plan -- its push into the contract-manufacturing industry -- is leaving the chipmaker. Thakur “has decided to step down from his position to pursue opportunities outside the company,” Intel said in an emailed statement. “He will stay on through the first quarter of 2023 to ensure a smooth transition to a new leader.” The departure marks a shake-up for Chief Executive Officer Pat Gelsinger’s turnaround plan.
Daily Dozen | Forbes: Snap Layoffs; Bed Bath & Beyond’s Turnaround; Sin City’s Winning Streak
A surprising rise in job openings; first U.S. monkeypox death; Trump shares conspiracy theories; and more. :
The southeast tip of California's Salton Sea is home to 11 geothermal power plants that turn hot volcanic brine into clean electricity. A rise in job openings surprised economists who were banking on another month of declines from March’s historic high. The United States reported its first death from the monkeypox outbreak. Former President Donald Trump shared multiple conspiracy theories on his Truth Social platform before deleting them.
Why This Attractively Valued Turnaround It Play Merits A Look
The significant correction in the stock price of Zensar has rendered the valuation extremely attractive. :
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Meet Private Equity’s Quiet Corporate Turnaround Artist
Advent International’s David Mussafer cuts a low profile on Wall Street, but his firm’s ability to reshape large companies has turned the firm from an also-ran into a fast-growing giant with $81 billion in assets.
Zymergen Can Thank Cathie Wood For Its Head-spinning Turnaround
(Bloomberg) -- Zymergen Inc. rallied as much as 87% from Wednesday’s record rout after one of Cathie Wood’s Ark Investment Management LLC funds scooped up shares. The buying occurred amid Wednesday’s jaw-dropping 76% retreat, a record drop that took the shares to the lowest since its April IPO after the company pulled its forecast for 2021 sales and announced the departure of the chief executive and co-founder. Zymergen said it was working to restore investor trust, but Wall Street piled on the criticism and stock downgrades.
Credit Suisse Taps Goldman Sachs Partner To Lead Risk Turnaround
Credit Suisse on Tuesday appointed Goldman Sachs partner David Wildermuth its new chief risk officer, as it seeks to turn the corner on the Archegos and Greensill scandals that have rocked Switzerland's second-biggest bank. Zurich-based Credit Suisse has been cutting risk after its prime brokerage business lost billions from the collapse of family office Archegos, and as its asset management division scrambles to return some $10 billion of client investments linked to insolvent supply chain finance firm Greensill.