Activist investor Paul Singer and his Elliott Management is waging part II of its battle at Arconic (NYSE:ARNC) – the specialized engineering aluminum company that spun off from Alcoa (NYSE:AA) last year. ARNC CEO Klaus Kleinfeld recently likened Paul Singer to The Godfather’s Michael Corleone.
Elliott owns over 12% of ARNC, choosing to stick with the company even after the breakup, calling it undervalued. It’s nominated five members for the ARNC board and plans on overthrowing the CEO. The plan is to bring on former Spirit Aerosystems (NYSE:SPR) CEO Larry Lawson, who navigated similar operational issues that ARNC is facing. Kleinfeld didn’t “save” the company during the financial crisis, and Kleinfeld was against the split. It’s time for management change. With Elliott’s suggested improvements in EBITDA at ARNC, the fund has a $46 price target on the aluminum firm.
Best Undervalued Stocks To Buy For 2018: Dynavax Technologies Corporation(DVAX)
- [By Lisa Levin]
Dynavax Technologies Corporation (NASDAQ: DVAX) shares shot up 73 percent to $15.99 as the company announced that the Vaccines and Related Biological Products Advisory Committee of the U.S. Food and Drug Administration voted 12-1 in support of the company’s Hepatitis B vaccine, HEPLISAV-B. RBC Capital upgraded Dynavax from Sector Perform to Outperform.
- [By WWW.KIPLINGER.COM]
Add Dynavax Technologies Corp. (DVAX) to the list of biotech stocks to watch on or a little before Dec. 15. Thats when the company is going to get a yay or nay from the Food & Drug Administration about Heplisav-B as a treatment for hepatitis B in people with type 2 diabetes
- [By Cooper Creagan]
The same is true for Dynavax Technologies Corp. (Nasdaq: DVAX). A quick Night Trade of DVAX would’ve netted a whopping 230% in just a few months – and this can all be done from the comfort of your own home.
Best Undervalued Stocks To Buy For 2018: eBay Inc.(EBAY)
- [By Chris Lange]
eBay Inc. (NASDAQ: EBAY) released its most recent quarterly earnings report after the markets closed on Wednesday. The online auctioneer said that it had $0.49 in earnings per share (EPS) and $2.22 billion in revenue. There are consensus estimates from Thomson Reuters that called for $0.48 in EPS and $2.21 billion in revenue. The first-quarter from last year had $0.47 in EPS and $2.14 billion in revenue.
- [By James E. Brumley]
To say eBay Inc (NASDAQ:EBAY) is a big e-commerce outfit would be a significant understatement. It’s a giant, generating $8.9 billion worth of revenue for itself over the course of the past twelve months. That’s not the head-turner though. See, that’s just the cut eBay takes for itself, which is only a nominal percentage of the total amount of business in transacts. During the same twelve months, eBay facilitated sales of $83.3 billion worth of goods. Point being, while eBay is doing well, it’s sellers are doing even better. In some cases, eBay offers a game-changing opportunity for some companies to be in business.
Up-and-coming star Namaste Technologies (OTCMKTS:NXTTF, CNSX:N) isn’t one of those companies that needs eBay on an existential basis, but now that it’s able to list its goods at the online auction site, don’t be surprised if NXTTF (or N, for investors in Canada) sees a skyrocketing top line.
Namaste Technologies sells electronic vaporizers, which are more commonly categorized as electronic cigarettes (or e-cigs). Though initially intended as a means of avoiding tobacco smoke without giving up nicotine, it was only a matter of time before the idea was adapted and new technologies were developed to vaporize whatever it is people choose to smoke. Marijuana was an obvious good-fit candidate for the idea, and Namaste Technologies is simply capitalizing on that growing opportunity. The end result: Namaste now operates more than 30 e-commerce retail stores (with monthly traffic of over 550,000 visitors) in 20 countries targeting both medical and recreational users.
Those who know the story of the advent of marijuana’s legalization and/or those who know eBay inside and out will know that eBay doesn’t allow listings of such paraphernalia… or at least didn’t. That changed in October, when eBay opened up its doors – selectively – while opening up a whole new product category called “Vape Pens, E-Cigarettes & Accessories.”