Scipion http://scipion.org/ Wed, 18 May 2022 08:13:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://scipion.org/wp-content/uploads/2021/03/cropped-s-32x32.png Scipion http://scipion.org/ 32 32 Know Your Rights Regarding Payday Loans | Oak Park Financial https://scipion.org/know-your-rights-regarding-payday-loans-oak-park-financial/ Wed, 18 May 2022 08:13:10 +0000 https://scipion.org/?p=7577 What is a “Payday Loan?”

Payday loans are a quick high-cost, high-cost process in which customers borrow money to pay a service charge. The borrower writes an individual cheque to the lending institution for the sum he borrowed plus the service charge. The lender provides the customer with the amount he or she has borrowed and then holds the check for the customer (usually until the next payday) before sending the check to the bank that the customer has used to pay. They may be advertised as payday loans or cash advance loans.
Law considers this kind of loan “deferred presentment service transaction,” due to the fact that the check remains in the account for an extended certain amount duration (deferred) prior to being cashed (presented to pay).

Payday Loan Disadvantages

Payday loans are expensive because of their service charges and a brief period of repayment. For instance, a borrower who takes out a loan of $100 over two weeks, and receives a charge of $15 (the maximum amount for the loan amount), will pay a fee equivalent to an annual percentage rate of triple-digits (APR). The cost of the loan for two weeks of $15 is an APR of 391 percent which doesn’t include additional charges for determining your eligibility.

And, even more importantly, payday loans can create an opportunity for those who are cash-strapped and can’t pay back the loan and then takes out another payday loan to repay the original. It’s an unforgiving slope. When a customer isn’t able to pay back the cash advance, the client decides to take out a second, and so on. The rollover process adds charges for service and leaves the customer in a perpetual state of debt.

What does a payday lender know when a customer has outstanding payday loans?

The State has an online database that payday loan lenders have to verify before granting another loan. If a customer already has two unpaid payday loans, the payday lender can’t issue another.

If the database’s electronic version is not available, then customers must make a declaration stating that they do not have a payday loan outstanding with the payday lender currently in use and that the client has not more than two unpaid payday loans with other payday lenders in the State.

Are there alternatives for payday loans?

Other options that are less costly in comparison to payday loans could include:

  • A loan of a modest amount from a parent or friend
  • A credit of a very small sum from an establishment such as an institution like a credit union, or credit union
  • Inquiring for you to pay your employee in advance.
  • Ask the creditor for an additional amount of time to pay your charge.
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JOANN (NASDAQ:JOAN) Raised to hold at Zacks Investment Research https://scipion.org/joann-nasdaqjoan-raised-to-hold-at-zacks-investment-research/ Wed, 18 May 2022 06:28:42 +0000 https://scipion.org/joann-nasdaqjoan-raised-to-hold-at-zacks-investment-research/

JOANN (NASDAQ:JOAN – Get a rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note released Wednesday, Zacks.com reports.

According to Zacks, “JOANN Inc. is involved in the sewing and fabric industry. It serves as a one-stop, convenient source for all the supplies, advice, and inspiration needed to complete any project or passion. JOANN Inc. is based in HUDSON, Ohio. “

Other equity research analysts have also recently published research reports on the company. Loop Capital raised its price target on JOANN from $13.00 to $15.00 in a Friday, March 18 research note. Piper Sandler downgraded JOANN from an “overweight” rating to a “neutral” rating and lowered her price target for the company from $12.00 to $11.00 in a Friday, March 18 research note. Barclays lowered its price target on JOANN from $10.00 to $9.00 and set an “underweight” rating for the company in a Monday March 21 research note. Finally, Guggenheim downgraded JOANN from a “buy” rating to a “neutral” rating in a Monday, March 21 research note. One research analyst rated the stock with a sell rating, five gave the company a hold rating and two gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.14.

Shares of JOAN opened at $8.87 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 1.25 and a debt ratio of 5.20. The company has a market capitalization of $360.72 million, a P/E ratio of 6.57 and a beta of 1.19. JOANN has a 12-month low of $8.41 and a 12-month high of $17.50. The company has a fifty-day simple moving average of $11.03 and a 200-day simple moving average of $10.74.

JOANN (NASDAQ:JOAN – Get Rating) last released its results on Thursday, March 17. The company reported EPS of $1.15 for the quarter, beating the consensus estimate of $0.88 by $0.27. The company posted revenue of $735.30 million in the quarter, versus a consensus estimate of $752.33 million. JOANN had a return on equity of 62.50% and a net margin of 2.35%. JOANN’s quarterly revenues decreased by 12.5% ​​compared to the same quarter last year. As a group, equity research analysts expect JOANN to post 1.01 earnings per share for the current fiscal year.

In other JOANN news, director Darrell Webb sold 94,568 shares in a trade that took place on Tuesday, March 29. The stock was sold at an average price of $12.50, for a total value of $1,182,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Last quarter, insiders sold 97,575 shares of the company worth $1,218,014. Company insiders own 71.10% of the company’s stock.

Major investors have recently changed their positions in the company. Royce & Associates LP increased its holdings of JOANN shares by 117.3% in the first quarter. Royce & Associates LP now owns 1,718,356 shares of the company valued at $19,606,000 after purchasing an additional 927,506 shares last quarter. Capital Research Global Investors increased its equity stake in JOANN by 13.4% in the third quarter. Capital Research Global Investors now owns 2,729,250 shares of the company valued at $30,404,000 after purchasing an additional 323,517 shares in the last quarter. Crawford Investment Counsel Inc. bought a new position in JOANN stock in the first quarter valued at approximately $3,506,000. Alden Global Capital LLC purchased a new stock position in JOANN in the fourth quarter worth approximately $3,069,000. Finally, Invenomic Capital Management LP increased its equity stake in JOANN by 242.1% in the fourth quarter. Invenomic Capital Management LP now owns 351,502 shares of the company valued at $3,648,000 after buying an additional 248,750 shares last quarter. Institutional investors and hedge funds hold 95.63% of the company’s shares.

JOANN company profile (Get an assessment)

JOANN Inc operates as a specialty retailer of sewing and fabric products, and arts and crafts products in the United States. Its products in the sewing category include cotton fabrics; warm fabrics, such as fleeces and flannels; home decor and utility fabrics and accessories; fashion fabrics and sportswear; fabrics for special occasions; seasonal and licensed themed fabric designs; and sewing construction supplies including cutting tools, threads, zippers, trimmings, ribbons, pins, elastics and buttons, and patterns for sewing projects.

Read more

Get a Free Copy of Zacks’ Research Report on JOANN (JOAN)

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Analyst Recommendations for JOANN (NASDAQ: JOAN)



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CORRECTION: Official Statement on Sensorium Corporation – Humanity 2.0 Foundation Press Releases https://scipion.org/correction-official-statement-on-sensorium-corporation-humanity-2-0-foundation-press-releases/ Tue, 17 May 2022 14:16:49 +0000 https://scipion.org/correction-official-statement-on-sensorium-corporation-humanity-2-0-foundation-press-releases/

Official Statement from the Humanity 2.0 Foundation on Sensorium Corporation NFT and the Misunderstanding of the Metaverse.

ROME, ITALY / ACCESSWIRE / May 17, 2022 / It has come to the attention of the Humanity 2.0 Foundation that a series of articles have been published that misrepresent a recent agreement between Sensorium Corporation and the Humanity 2.0 Foundation as well as the relationship between the Humanity 2.0 Foundation and the Holy See / Vatican.

Origin of the misunderstanding

After lengthy investigation by our team, we have concluded that this confusing news cycle began when a representative of Sensorium’s media team failed to represent and clarify with a number of media outlets the nature of the relationship between Sensorium Corporation and Humanity 2.0. Foundation and the relations of the Humanity 2.0 Foundation with the Holy See.

Resulting from erroneous assumptions by multiple media outlets that the Humanity 2.0 Foundation represented the Holy See/Vatican and had authority to enter into a partnership with the Holy See/Vatican to advance the use of virtual reality and NFTs in art.

The person corresponding to the outlets was not a representative of the Humanity 2.0 Foundation or the Holy See/Vatican.

Facts

Relationship between Sensorium Corporation and the Humanity 2.0 Foundation

  1. An agreement has been reached between the parties to explore the possibility of:
    The development of the NFT Gallery accessible in VR and on computer and presenting renowned masterpieces from the Vatican collection.

This is the extent of the relationship. No practical applications have yet been developed and no concrete conversations have taken place between the Humanity 2.0 Foundation and any Holy See/Vatican entity as of the date of initial publication. This press release was made to announce the beginning of a conversation that could eventually lead to concrete steps.

Use of “Vatican”.

  1. The Humanity 2.0 Foundation has in no way or at any time indicated to Sensorium or any outlet that it is authorized to represent or speak on behalf of the Holy See/Vatican.
  2. Humanity 2.0 has also never indicated that it has entered into an agreement with the Holy See/Vatican to promote virtual reality and NFTs in relation to its art collections.

The Humanity 2.0 Foundation

  1. The Humanity 2.0 Foundation is a secular (non-religious) organization legally established in Malta and the United States. It has no official or legal association with the Holy See/Vatican.

Prof. Philippe Larray

  1. Pr. Philip Larrey is president and administrator of the Humanity 2.0 Foundation. He did not give any official media interviews regarding the aforementioned releases. He never presented himself as being able to speak on behalf of the Holy See/Vatican. He also made no commitment to promote Sensorium Corporation in any way.

If any of the above points require further clarification, please contact our office; Matt Bird at [email protected].

THE SOURCE: Humanity 2.0

See the source version on accesswire.com:
https://www.accesswire.com/701611/CORRECTION-Official-Statement-on-Sensorium-Corporation–Humanity-20-Foundation-Media-Releases

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Alaska Senate’s plan for $5,500 in cash payouts is dead, but what happens next? https://scipion.org/alaska-senates-plan-for-5500-in-cash-payouts-is-dead-but-what-happens-next/ Tue, 17 May 2022 03:34:00 +0000 https://scipion.org/alaska-senates-plan-for-5500-in-cash-payouts-is-dead-but-what-happens-next/

JUNEAU, Alaska (KTUU) — The Alaska House of Representatives voted Saturday to defeat the Senate budget with $5,500 in cash payments to each eligible Alaskan, sending the bill to another round of negotiations in the last days of the legislative session.

A conference committee has been busy negotiating differences between the House and Senate budgets so that a single bill can pass through both houses and onto Gov. Mike Dunleavy’s desk. The biggest decision for the six committee members will be the size of the Permanent Fund dividend.

House Speaker Louise Stutes, R-Kodiak, said Saturday she expects the Senate’s $5,500 cash payments to be reduced through negotiations, but she says she won’t. don’t know what the final amount will be. Sen. Tom Begich, D-Anchorage, said “there’s no way we’re paying $5,500.”

He said his caucus of six Democrats was pushing for an amount closer to a full $4,200 dividend. The Senate budget has been called lopsided and flawed by some lawmakers because it relies on $1 billion taken from savings to cover a deficit. If the price of oil drops, the deficit will increase and at least one savings account could be wiped out.

An Alaska business coalition urged the House to reject the Senate budget, saying state savings accounts needed to be replenished and risked being taxed in the future. Resource development groups made a similar appeal to lawmakers, as did Alaska’s labor unions.

In the House, some lawmakers have called deficit problems “fear mongering” and told moving stories of Alaskans struggling with high inflation and the high cost of fuel. The impact of soaring energy prices in rural Alaska is of particular concern.

But how big will the PFD be?

Sen. Mike Shower, R-Wasilla, successfully introduced amendments to the Senate budget to increase cash payments received by Alaskans this year. But he stressed at the time that the $5,500 figure was unlikely to be the final amount approved by lawmakers.

“I also want people to hear loud and clear,” Shower said last Monday. “That if we start where we are, that’s the most you’re going to see. You will probably see less.

The Senate budget passed with a full statutory dividend from the Permanent Fund of over $4,200 and a separate one-time energy relief check of $1,300, totaling cash payments of over $5,500 in total. The House budget has a $1,250 dividend and the same $1,300 energy aid check. Together, the two checks would exceed $2,500.

During the three-day House budget impasse, several lawmakers said the governor pledged to veto the $1,300 energy aid check — and other spending — to cut the Senate budget of $1 billion. The idea, lawmakers say, was to encourage the House to pass the Senate budget.

Dunleavy has remained silent on any veto promises made to lawmakers. Jeff Turner, a spokesman for the governor’s office, would also not answer those questions on Monday, nor would he answer whether there is a minimum amount of PFDs the governor can support.

“Governor Dunleavy looks forward to hearing what amount the conference committee will determine will be appropriate for this year’s PFD,” Turner said via email.

At the start of the legislative session, Dunleavy had asked the Legislature to pay a 50-50 PFD of more than $2,500 and the remainder of a 50-50 dividend for last year, which is estimated to be more than $2,000. $1,300. Together, the two checks would total over $3,700.

Late last month, Dunleavy changed that and said lawmakers should approve “at least” a $3,700 dividend. He said he wanted to see a final PFD amount as close to a full dividend of $4,200 as possible.

“We know that inflation is exploding; it’s not just fuel, it’s transportation, it’s lumber, it’s almost everything in everything,” Dunleavy said in April. “We are seeing inflation like we have never seen before.”

Some proponents of a full PFD are focusing on that this year and ignoring the energy relief check. This means that the checks for $5,500 would not be paid and a compromise figure would have to be approved.

The Senate has three members on the budget conference committee. Sen. Bert Stedman, R-Sitka, and Sen. Click Bishop, R-Fairbanks, represent the majority caucus in the Senate. Both senators opposed big dividends because of deficit concerns and fears the Permanent Fund could be cut.

Sen. Bill Wielechowski, D-Anchorage, represents the minority Senate caucus. He is a longtime supporter of the PFD, saying its reduction disproportionately hurts low- and middle-income Alaskans. He said Alaska should raise taxes on oil producers to close tax gaps, which the industry strongly opposed.

On the House side, Representatives Kelly Merrick, R-Eagle River and Dan Ortiz, an independent from Ketchikan, represent the House’s two-party majority coalition. Rep. Bart LeBon, R-Fairbanks, represents the House Republican Minority Caucus. All three House lawmakers voted to reject the Senate budget.

But their personal positions are arguably less important than most lawmakers will ultimately support. Too high a dividend risks losing votes to fiscal conservatives on the final budget, too low a dividend and other lawmakers could vote to reject it.

Conference committee members were cautious on Monday about discussing the final PFD amount and whether the $5,500 figure is dead. Stedman said the committee hadn’t started talking about the dividend yet, but he said he agreed with an Anchorage Daily News op-ed titled ‘Even Drunken Sailors Know Best’, which criticized the budget. of the Senate.

Bishop wouldn’t comment on the $5,500 figure, but said there were no guarantees on Capitol Hill. Merrick said the size of the cash payments is “unlikely”. LeBon said it was “less likely than likely.” Wielechowski said it was part of the negotiations.

There had been a fairly broad consensus of lawmakers aiming for a dividend and an energy relief check, which amounted to around $2,500. The three-day budget stalemate in the House and debates over the $5,500 payout have raised the acceptable figure for voters, some lawmakers say, meaning the ultimate dividend figure could be closer to $3,700 or the full dividend of $4,200.

The November election is a factor with the governor’s re-election – with 59 of 60 lawmakers – due to redistricting. But if a majority of lawmakers have agreed on a dividend figure for this year, they are not saying it, and time is running out to make a final decision.

The legislative session is due to end Wednesday at midnight and the legislature is constitutionally required to pass an operating budget. The budget is needed to fund the state government for the next fiscal year, which begins July 1, otherwise there would be a shutdown. If a budget is not passed by the end of the session, two-thirds of lawmakers are expected to support a 10-day extension. The governor could also call his own special session.

Copyright 2022 KTUU. All rights reserved.

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Intel Emphasizes Transparency and Accountability by Sharing Raw Data on Diversity and Inclusion https://scipion.org/intel-emphasizes-transparency-and-accountability-by-sharing-raw-data-on-diversity-and-inclusion/ Mon, 16 May 2022 21:24:03 +0000 https://scipion.org/intel-emphasizes-transparency-and-accountability-by-sharing-raw-data-on-diversity-and-inclusion/

Last week, Intel released its 2022 Corporate Responsibility Report and Diversity and Inclusion (D+I) data. Since 2015, when Intel pledged $300 million to D+I in tech, the data has been published in a separate report. This year, however, the team, under the leadership of Dawn Jones, Director of Diversity and Inclusion and Vice President of Social Impact, decided to reintegrate the data to provide a comprehensive overview of the efforts made by Intel under its Environmental, Social and Governance (ESG) program. More importantly, the big picture helps understand how D+I is interconnected with the challenges people face. Over the past two years, from the pandemic to the great resignation to climate change and social inequality, it is clear how underrepresented groups such as women and people of color are being disproportionately affected. Although integrated into a more complete report, the granularity of the D+I data remains intact. This year, Intel has decided to take a step forward and share not only percentages, as is customary for these reports, but also raw data.

“We seek to be transparent and hold ourselves accountable as we want our employees and the industry to hold us accountable. We are using this year to reassess and ensure that our corporate social responsibility (CSR) work is truly forward- forward-thinking and get us to a great place by 2030,” Jones said in a video interview. The reassessment comes from the challenges the past two years have put on people’s lives. Leaving work to care for loved ones during the pandemic, pausing school because remote learning wasn’t possible, or simply reassessing your priorities in life, all of which could potentially negatively impact the D+I goals that most companies have set themselves for 2030. Jones also wants to make sure the 2030 goal remains aggressive enough given the expansion that Intel CEO Pat Gelsinger is pursuing.

The US Census reported that the multiracial population was measured at 33.8 million people in 2020, an increase of 276% from 2010. To reflect this change, Intel added two new population categories, “2 or more ethnicities and “Other,” which allows the semiconductor giant to more accurately describe the entirety of the company’s representation.

Last year, Intel saw an increase in the total number of women in its US workforce, which now stands at 25.8%. However, while Intel has seen its absolute numbers increase, certain categories, such as veterans and women in technical positions, have declined in percentage terms. For example, the percentage of Intel employees who identify as veterans decreased slightly from 7.3% in 2020 to 7.2% in 2021, but the number of employees who identify as veterans increased by approximately 150. Additionally, the global representation of technical women at Intel decreased. from 25.2% in 2020 to 24.3% in 2021. Still, more technical women — around 26,000 — are currently working at Intel, the highest number since the company began reporting. That said, Intel is aware that it must address the 0.9 percentage point decline in the relative representation of women in technical roles in order to achieve the targeted 40% increase by 2030. With this in mind, Intel has adjusted its definition of technical roles to align with the industry and has set a goal to ensure that hiring for entry-level technical positions is at least 30% female by 2022. To ensure maximum impact, management believes the entire company needs to make an effort, which is why Intel has made this one of the most important company-wide annual performance bonus goals. .

In leadership roles, Intel surpassed its goal of reaching 1,375 women in leadership roles in 2021, ending the year with 1,449 women in leadership positions worldwide. Although the absolute number of female leaders increased, the relative representation of female leaders decreased by 0.1 percentage points due to overall company growth. However, the numbers jumped from 7.6% to 7.8% when looking at underrepresented populations in leadership positions. This is an increase from 384 to 444 in absolute numbers.

In 2019, Intel released its pay data and announced it had achieved gender pay equity globally and racial/ethnic pay equity in the United States. roles after taking into account legitimate business factors that may explain the differences. The latest earnings information shows that in the United States, women’s salaries have trended equal to or slightly higher than men’s in the highest pay brackets, showing an improvement since the information was first published. .

Intel’s legal and human resources teams work with third-party experts using proven statistical modeling techniques to monitor and advance pay equity globally. The analysis includes base salary, bonus and stock awards. Individual employees identified as having a gap through this analysis receive the appropriate adjustments.

The latest change Intel implemented for 2021 was to add an Employee Inclusion Survey (EIS) created to develop a deeper understanding of how employees experience inclusion within the company, identify ways to improve it and, more importantly, identify the causes. Overall sentiment toward Intel was positive among the 27,255 employees who responded to the survey. However, the data shows a different experience regarding employee demographics. For example, while 90% of all respondents said, “Intel provides a safe and inclusive workplace for people like me,” specific demographics tell a more complex story. Nighty-1% of males globally and 85% of white employees in the US agreed or strongly agreed with the statement, but the number drops to just 78% for black/African American employees.

The impact of limited diversity in leadership roles was underscored by the statement, “There are visible role models like me at Intel.” Unfortunately, only 56% of Black or African American employees and 40% of Black or African American women and 63% of Hispanic or Latina women agreed or strongly agreed with the statement. To make up for the lack of role models. Intel doubled the number of executive inclusion advocates in 2021 and the company is on track to double them again in 2022. Intel also expanded the Talent Keepers program to support Black employee progression and retention /African Americans and educate their managers on what that means. deal with different cultures and individual preferences.

I asked Jones what led to the decision to share raw numbers and she replied, “So people understand the real work that needs to be done. Sometimes when you put out percentages and you don’t dig in the calculation of what this percentage really means, there is a loss of perception. I try to give people as much information as possible to understand the work necessary. But also to make it clear that it is possible.

Jones has been in the current role for a year and has had to lead not just during a pandemic and a time of great social unrest, but a time of significant change and growth for Intel. His drive to double down on transparency and accountability is particularly commendable. The more transparent we are in assessing an organization’s D+I, the more effective the solutions can be. The more educated employees are, the more likely a company is to understand that everyone has a role to play in improving inclusion and promoting diversity.

Disclosure: The Heart of Tech is a research and advisory firm that engages or has engaged in research, analytics, and advisory services with many technology companies, including those mentioned in this column. The author has no ownership interests in the companies mentioned in this column.

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This investment brought bacon home for 66+ years https://scipion.org/this-investment-brought-bacon-home-for-66-years/ Sun, 15 May 2022 14:30:00 +0000 https://scipion.org/this-investment-brought-bacon-home-for-66-years/

Finding dividend growth stocks can be a wonderful way to invest for the long term. A dividend gives you a direct cash reward for the risks you take in investing. Even better, it’s a reward you get without having to sell your stake in the company that paid for it. When that company not only pays a dividend, but regularly increases it, that dividend can become one of your tools to fight inflation.

With that in mind, a company has stood out among dividend growth companies for being an investment that has paid off the bacon for 66+ years. This company? Authentic parts (GPC 1.57%). For 66 consecutive years it has paid its owners an increasing dividend, and in 2022 it even declared a whopping 10% increase in that payment.

Image source: Getty Images.

What makes Genuine Parts such a remarkable company?

Genuine Parts is best known in the United States for its NAPA Auto Parts stores, and it also has similar businesses in Canada, Europe, and the Asia/Pacific region. The key thing to understand about auto parts is that they are a great set of products to sell even when the economy is bad.

After all, cars can last a long time, and older vehicles tend to require more repair costs than cars less than five years old. Consumers often have to choose between spending few hundreds dollars to repair an old car to keep it functional or spend dozens of thousands dollars buying a new one. If money is tight or you’re particularly worried about your future, this skews your decision more towards repairing rather than replacing the car.

This structural reality is what has allowed Genuine Parts to pay its owners a growing dividend every year for more than six and a half decades. During this period, the economy has gone through wars, recessions, financial crises and periods of high inflation, and yet the dividend from Genuine Parts has continued to increase, every year.

How does Genuine Parts support its dividend?

Of course, dividends are never guaranteed payments. Even with the company’s incredible balance sheet, it’s entirely possible things could get so bad that even Genuine Parts could be forced to cut its dividend. That’s why just having the right product mix isn’t enough to allow a business to make those payments consistently.

For example, the dividend from Genuine Parts consumes only about half of the company’s profits. In normal times, this gives him money that he can still invest in growing his future, even if he rewards his shareholders. In tough times, it could see a substantial drop in earnings and still cover its dividend.

On top of that, Genuine Parts is managing its balance sheet to give it the flexibility to handle even sharper, longer-term downturns. It carries approximately $610 million in cash and cash equivalents and has an overall current ratio above 1.1. Cash is on hand to meet any large unexpected expenses, while the current ratio means he has enough short-term assets to cover his short-term liabilities for one year.

It’s a huge flexibility that gives the company the ability to adapt if things start to go wrong. Additionally, Genuine Parts’ debt ratio is approximately 1.2. It’s the equivalent for a business of having a $120,000 mortgage on a $220,000 house. Yes, it is debt, but the company is not so indebted that it faces outsized risk if the funding environment tightens again.

Smart business, smart structure, long-term returns

Genuine Parts has a rare combination of a line of business that is well positioned to survive even in tough economic times and internal financial management designed to provide flexibility just in case. This combination is at the heart of how it has been able to earn investors bacon by paying them a growing dividend for 66 consecutive years.

If recent market volatility has convinced you to look for companies that have a proven track record and are willing to reward their shareholders with cash, genuine coins are definitely worth a look. If the market reverts to rewarding massive growth potential rather than proven results, it may not provide the strongest overall returns. Still, if the company’s future resembles its past, investors have a good chance of seeing decent total returns over time, driven by a growing dividend.

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Inside the $300 million Moffitt Cancer Center campus in St. Petersburg • St Pete Catalyst https://scipion.org/inside-the-300-million-moffitt-cancer-center-campus-in-st-petersburg-st-pete-catalyst/ Sat, 14 May 2022 17:54:32 +0000 https://scipion.org/inside-the-300-million-moffitt-cancer-center-campus-in-st-petersburg-st-pete-catalyst/

St. Petersburg is set to see the first-ever Moffitt Cancer Center in its backyard, which will bring a caliber of medical and research expertise as part of a planned new development.

The team at the H. Lee Moffitt Cancer Research and Research Institute presented their plans Friday night at the first public meeting of the Community Benefits Agreement (CBA) advisory committee. The committee was formed to examine the social and community impact of major projects receiving significant public funding under the ABC program that St. Pete approved late last year.

Conceptual renderings of Moffitt’s planned St. Petersburg campus.

Moffitt plans to develop a 4.59 acre site at 800 1st Ave. S. in downtown St. Pete into a 75,000 square foot cancer center that would be three stories tall next to a 30-story residential tower. Moffitt and his partner, Atlanta-based developer TPA Group, also plan to build a potential 14-story hotel development and parking lot with 300 publicly accessible parking spaces.

Moffitt’s proposed development must be submitted to the ABC’s advisory committee, as the estimated value of the property is $24 million, which is significantly higher than Moffitt’s offer of $5 million. Moffitt is also requesting an exemption, according to city officials.

“We want to bring a mini Moffitt main campus to the St. Pete community. With the exception of on-site surgery, you can expect a full NCI full suite [National Cancer Institute]level of care,” Matt Bednar, vice president of ambulatory and virtual care operations at Moffitt, said during the meeting.

The three levels inside Moffitt’s St. Pete Cancer Treatment Center.

Last year, Moffitt submitted his unsolicited proposal to the city to purchase the site. Former St. Petersburg Mayor Rick Kriseman selected Moffitt’s proposal after receiving additional proposals from other groups vying to buy the land to develop a mix of projects, from apartments to office towers and hotels.

Key takeaways and areas of concern discussed at Moffitt’s project meeting:

  • Several participants spoke of the urgent need for more affordable housing and how Moffitt and TPA should increase the amount. Representatives for Moffitt and TPA said the project initially had less workforce housing in the 350-unit tower and they increased it by up to 15%, explaining that it must be capped at a certain amount to be financially viable.
  • The Moffitt Cancer Center will provide services in radiation therapy, advanced imaging and screening, phase 2 and 3 clinical trials, medical oncology, hematological oncology, radiation therapy, infusion and diagnostics. Although Moffitt will offer these services and consultations, it will not offer outpatient and inpatient surgeries. A representative for Moffitt said the site did not have enough space to support surgery services and patients would have to travel to the main campus.
  • Moffitt Cancer Center operations will bring 260 new jobs to St. Petersburg. During construction, the group will employ 3,500 construction workers with a 20% diversity inclusion. The contract will be placed by Horus Construction, which has a long-standing relationship with Moffitt and mentors contractors through an apprenticeship program.
  • The public has expressed concern about health disparities faced by minorities. Susan Vadaparampil, associate director of Moffitt’s Center for Community Awareness, Engagement and Equity, said Moffitt is aware of these disparities and has financial assistance programs and community benefits.
  • Moffitt representatives said they are funding infrastructure improvements, including sewer upgrades, which will cost about $6 million, and roadway overhauls. A meeting attendee said these improvements benefit Moffitt and the project specifically, but not the community as a whole.
  • The St. Petersburg chapter of Sickle Cell Disease Association of America founder Mary Murph shared how she could work with Moffitt because there is a huge disparity in sickle cell disease care and research. Several attendees expressed concern that Moffit did not appropriately acknowledge Murph’s comments. Gypsy Gallardo, chair of the ABC’s advisory board, said she was contacting Murph about creating a certification program for healthcare workers.

After the presentation, Gallardo said she enjoyed questions from attendees, hearing from some of the region’s leading black entrepreneurs about business opportunities, seeing a diverse crowd, and a speaker’s suggestion to incorporate art into the project. which pays homage to the Quartier Végétale gas, among other topics.

She also talked about her dislikes.

“I really don’t like the exemption talk,” Gallardo said. “I don’t think you all are in a position or need an exemption.”

She went on to say that she had met some of the partners involved.

“We as a community do not want to see the first project covered by this policy exempt from this process,” Gallardo said. “With the package you bring, I honestly don’t think you won’t need it…we’re not here to slow the pace of development, we want as much economic impact in our city and community as possible. ”

St. Petersburg Mayor Ken Welch attended the meeting and thanked the public for attending, but did not comment directly on the project.

A conceptual rendering of Moffitt’s planned campus in St. Petersburg.

The inner fabric

Nate Pramik, director of TPA Development, explained to the crowd that this project has been in the works for a long time.

He said Mark Stroud, chairman of the Stroud Group, called him and they met in person to go over the vision for the site.

“We were puzzled that UPC Insurance [United Insurance Holdings Corp.] controls the property through a 65-year lease. As the property stands today, it is undeveloped,” said Pramik, adding that without the UPC company, this project would not be feasible.

Pramik said the UPC planned to build a new headquarters at the site, but due to the pandemic, it halted those plans. However, Moffitt’s team is booking space for a potential future site of UPC’s new headquarters, which was included in the original proposal.

Pramik and Stroud approached Moffitt about the possibility of a cancer center in St. Pete.

“When we started that conversation, the project really took off and the viability of the project started to make a lot of sense. The mixed-use nature of the project started to materialize,” he said.

The organizations are also working with Barr and Barr, Alfonso Architects and civil engineering firm George F. Young Inc. on the project.

The group told the St. Pete Catalyst he hopes to close on the property by the end of the summer.

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Gary Rome Hyundai celebrates 25 years at Holyoke with gala celebration and charitable donations (photos) https://scipion.org/gary-rome-hyundai-celebrates-25-years-at-holyoke-with-gala-celebration-and-charitable-donations-photos/ Sat, 14 May 2022 03:30:00 +0000 https://scipion.org/gary-rome-hyundai-celebrates-25-years-at-holyoke-with-gala-celebration-and-charitable-donations-photos/

HOLYOKE – Gary Rome Hyundai celebrated its 25th anniversary with a gala celebration on Friday, May 13, but rather than accepting gifts, car dealership Whiting Farms Road offered gifts.

Brandon Ramirez and Michelle Karajelian of Hyundai Motor America’s Corporate Social Responsibility and External Relations Division were on hand to present a check for $10,000 to the Food Bank of Western Massachusetts and an additional $5,000 to the Thrive Food Pantry of Holyoke Community College. Gary Rome also donated an additional $5,000 to the HCC Pantry.

Additionally, Rome donated $2,500 to two charities selected by an employee and gala guest: the Forest Park Zoological Society and Rays of Hope.

Anthony Cignoli, president of AL Cignoli Company, was the emcee for the anniversary celebration and dignitaries included U.S. Representative Ricard E. Neal; Mayor Joshua A. Garcia; Rick Sullivan, President and CEO of the Western Massachusetts Economic Development Council; Sense state. John C. Velis, D-Westfield, and Eric P. Lesser, D-Longmeadoow; State Representative Patricia Duffy, D-Holyoke; Robert O’Koniewski, executive vice president of the Massachusetts State Automobile Dealers Association; and executives from Hyundai Motor America.

“I’m beyond grateful that the community has been with us for 25 years and I’m thrilled to celebrate this milestone with everyone,” Rome said. “As an owner, I receive a lot of recognition and accolades for dealership performance and accomplishments, but it’s really the people at Gary Rome Hyundai who deserve the recognition and accolades; the people who show up for work every day and go the extra mile to make Gary Rome Hyundai the exemplary dealership it has become in 25 years.

He added, “I wouldn’t be celebrating this milestone without them and the support of the Western Mass community. I’m very grateful.

Gary Rome Hyundai was established in 1997 on Main Street in Holyoke.

In 2016, Rome moved the dealership to 150 Whiting Farms Road and built a $10 million facility on a 19-acre site that includes a car wash, motor vehicle inspection station and registry office. of Massachusetts Motor Vehicles to obtain license plates on the spot.

The concession employs nearly 80 people.

Rome and the Whiting Farms Road facility have made clean energy a priority.

The installation with its solar field has saved more than 7 million pounds of CO2 emissions since its installation date in 2016, which is equivalent to the planting of 53,000 trees. It also subsidizes energy bills for 12 buildings in Holyoke.

The showroom and customer waiting area feature 142 energy-saving LED lights and the facility has two units of oil recycling equipment, which recycle oil used by after-sales service. -sale and heat the whole building.

There is a 2,500 gallon tank on site that reuses water used at the dealership’s car wash.

The site also has six Level 2 chargers for electric vehicles and two new Level 3 chargers which were installed at the end of last year.

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FullNet Communications Declares Special Cash Dividend https://scipion.org/fullnet-communications-declares-special-cash-dividend/ Fri, 13 May 2022 13:00:00 +0000 https://scipion.org/fullnet-communications-declares-special-cash-dividend/

FullNet Communications, Inc. company logo.

FullNet Communications Board of Directors Approves Special Cash Dividend and Implementation of Quarterly Cash Dividend Program.

FullNet Communications, Inc. (OTCMKTS: FULO)

OKLAHOMA CITY, OK, USA, May 13, 2022 /EINPresswire.com/ — FullNet Communications, Inc. (“FullNet” or the “Company”) (FULO – OTC Pink Current) announces that its Board of Directors has declared a cash dividend on the common shares of the Company.

The special dividend of $0.0280 per share is payable on June 15, 2022 to shareholders of record at the close of business on May 31, 2022.

This is the Company’s first cash dividend on its common stock, and the Company is implementing a quarterly program with the goal of paying regular cash dividends, as determined by its Board of Directors based on performance. future financial statements of the Company. The Company anticipates that regular quarterly cash dividends will be at a rate significantly lower than this initial special dividend.

“We believe this special cash dividend is the best use of our current excess cash balances and we are excited to be able to offer our shareholders the benefit of a regular quarterly cash dividend program in the future,” said Jason Ayers, president of FullNet.

About FullNet Communications, Inc.

FullNet is an Oklahoma City-based integrated communications company that has been providing advanced voice and data solutions since 1995. It provides a wide range of mission-critical services to a wide range of customers around the world. Its customers range in size from individuals and small neighborhood businesses to international Fortune 500 companies. Its primary services are mass notification services using text messages and automated phone calls, equipment colocation and related services, and a custom live help desk outsourcing service. For more information, visit the company’s website at www.fullnet.net.

Certain statements contained in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some, but not necessarily all, of these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “believes”, “expects”, “may”, “will” or “should”. or other variations thereof, or through discussions of strategies that involve risk and uncertainty. Actual Company or industry results may differ materially from any future results expressed or implied by such forward-looking statements.

Roger Baresel
FullNet Communications, Inc.
+1 405-548-3102
write to us here

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Rivian Automotive (NASDAQ:RIVN) Price target reduced to $80.00 https://scipion.org/rivian-automotive-nasdaqrivn-price-target-reduced-to-80-00/ Thu, 12 May 2022 18:02:45 +0000 https://scipion.org/rivian-automotive-nasdaqrivn-price-target-reduced-to-80-00/

Rivian Automotive (NASDAQ:RIVN – Get a rating) had its price target lowered by Mizuho stock research analysts from $90.00 to $80.00 in a research report released Thursday to clients and investors, reports The Fly.

Several other stock analysts have also recently weighed in on RIVN. Wedbush lowered its price target on Rivian Automotive shares from $130.00 to $60.00 and set an “outperform” rating on the stock in a Friday, March 11 report. Wolfe Research lowered its price target on Rivian Automotive shares from $130.00 to $78.00 and set an “outperform” rating on the stock in a Friday, March 11 report. Wells Fargo & Company lowered its price target on Rivian Automotive shares from $40.00 to $24.00 in a report released Wednesday. Morgan Stanley reissued a “buy” rating and posted a target price of $85.00 (from $147.00 previously) on Rivian Automotive shares in a Friday, March 11 report. Finally, Exane BNP Paribas began covering Rivian Automotive shares in a Monday, April 11 report. They issued an “underperforming” rating and a target price of $35.00 for the stock. Three equity research analysts gave the stock a sell rating, four gave the stock a hold rating and twelve gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of 78.53.

NASDAQ RIVN shares opened at 8:60 p.m. Thursday. Rivian Automotive has a 1-year low of 19.25 and a 1-year high of 179.47. The company’s 50-day simple moving average is 39.06. The company has a debt ratio of 0.06, a current ratio of 14.14 and a quick ratio of 13.93.

Rivian Automotive (NASDAQ:RIVN – Get Rating) last released its quarterly earnings data on Wednesday, May 11. The electric vehicle automaker reported earnings per share of -1.43 for the quarter, beating consensus analyst estimates of -1.46 by 0.03. As a group, research analysts expect Rivian Automotive to post earnings per share of -6.37 for the current fiscal year.

Separately, major shareholder Motor Co Ford sold 8,000,000 shares of the company in a transaction on Monday May 9. The shares were sold at an average price of 26.80, for a total value of 214,400,000.00. Following the sale, the insider now owns 93,947,494 shares of the company, valued at 2,517,792,839.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.

A number of hedge funds have recently bought and sold shares of RIVN. Sargent Bickham Lagudis LLC bought a new position in Rivian Automotive during the fourth quarter for $25,000. Global Wealth Management Investment Advisory Inc. bought a new position in Rivian Automotive during the fourth quarter worth $25,000. Perkins Coie Trust Co bought a new position in Rivian Automotive during the first quarter worth $25,000. TCTC Holdings LLC bought a new position in Rivian Automotive during the first quarter worth $25,000. Finally, Baldwin Brothers LLC MA bought a new position in Rivian Automotive during the fourth quarter at a value of $26,000. Institutional investors and hedge funds hold 78.67% of the company’s shares.

Rivian Automotive Company Profile (Get a rating)

Rivian Automotive, Inc designs, develops, manufactures and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sport utility vehicles. It provides the Rivian Commercial Vehicle platform for electric delivery vans in conjunction with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets.

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