logo
Bridge Day planning gathers steam

Bridge Day planning gathers steam

Yahoo18-03-2025

The inexorable march to Bridge Day 2025 continues.
This year's Bridge Day is scheduled in Fayette County on Saturday, Oct. 18.
While a variety of behind-the-scenes preparations has been ongoing since late last fall to clear the launch for the 2025 event, the first meeting of the Bridge Day Commission (BDC) for 2025 will be held on Wednesday, March 19 at 1:30 p.m. at Fayetteville Town Hall.
The commission is mandated by the West Virginia Legislature to supervise the activities of the annual festival.
The Wednesday agenda will feature a review of old business left over from the 2024 event.
New business will include:
• A review of the Bridge Day Commission, both voting and non-voting positions;
• A review and decision on BDC representatives, both appointed and advisory terms. That includes West Virginia Division of Highways, West Virginia State Police, rappel advisory, National Park Service advisory, BASE advisory, vendor/community advisory and emergency services advisory;
• Report from BDC representatives: a. Fayette County Chamber of Commerce; b. WV DOH; c. Fayette County Commission; d. WVSP; e. Fayette County Sheriff; f. Town of Fayetteville; g. Advisory representatives — rappel, NPS, BASE, vendor, emergency services an regional tourism; and
• Setting the 2025 meeting calendar.
To join the meeting via Zoom, visit https://us02web.zoom.us/j/81530933528?pwd=kGTtrckbaCn95m4LIQi9bQqT4Zaxff.1
Meeting ID is 815 3093 3528. Passcode is 784983.
Bridge Day is an official trademark of the Bridge Day Commission.
• • •
If you've always wanted to ride down into the New River Gorge to watch Bridge Day unfold and have been too late in recent years to snag a ticket for the Into the Gorge shuttles, you're not too late this year.
Annually, motoring traffic into the gorge to the Fayette Station rapids at the bottom on that day is limited to event or emergency vehicles. That officially leaves biking or pedestrian traffic as the other options to watch the BASE jumpers and rappellers from down below, except for those who plan ahead and pay to take the shuttle.
So, don't tarry if you want to secure a seat on one of the shuttle buses on Oct. 18.
As of March 17, 177 of the 500 available Into the Gorge tickets had been sold, according to Tim Naylor, executive assistant for the New River Gorge CVB/Fayette County Chamber of Commerce.
'Those will sell out,' Naylor stressed.
The current cost per ticket is $40, which will go up to $50 after July 1.
Bridge Day vendor spots are going even faster than shuttle tickets, according to Naylor.
Annually, companies and organizations offer a variety of merchandise and information to members of the public visiting the bridge.
A 'handful' of vendor positions for 2025 remain, said Naylor. 'They've gone a lot quicker than they have in the past.'
Naylor reiterates rules from the W.Va. Fire Marshal's Office that any source of open flame or generated heat has to be located at least 15 feet away from anything else at the vendor booth.
For Fayette County Chamber of Commerce members, vendor booth fees are $125 plus a $15 application fee.
For non-members, the fee is $225 plus the non-refundable $15 application fee.
Those prices will rise after July 1, if spots are still available.
Sponsorship opportunities for the 2025 event also still exist.
The annual Bridge Day poster contest, a popular feature of the event, will kick off in mid-spring.
It is sponsored by Lost Appalachian Trading Company, with a cash prize.
For more information on Bridge Day or its various tentacles, call 1-304-465-5617 or 1-800-927-0263 or visit www.officialbridgeday.com.
Email: skeenan@register-herald.com; follow on Facebook

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

An Intrinsic Calculation For Belden Inc. (NYSE:BDC) Suggests It's 24% Undervalued
An Intrinsic Calculation For Belden Inc. (NYSE:BDC) Suggests It's 24% Undervalued

Yahoo

time15 hours ago

  • Yahoo

An Intrinsic Calculation For Belden Inc. (NYSE:BDC) Suggests It's 24% Undervalued

Belden's estimated fair value is US$141 based on 2 Stage Free Cash Flow to Equity Current share price of US$107 suggests Belden is potentially 24% undervalued Analyst price target for BDC is US$127 which is 9.7% below our fair value estimate In this article we are going to estimate the intrinsic value of Belden Inc. (NYSE:BDC) by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. There's really not all that much to it, even though it might appear quite complex. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF ($, Millions) US$247.7m US$268.9m US$292.5m US$311.0m US$327.5m US$342.5m US$356.5m US$369.9m US$382.9m US$395.6m Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 6.31% Est @ 5.30% Est @ 4.59% Est @ 4.10% Est @ 3.75% Est @ 3.51% Est @ 3.34% Present Value ($, Millions) Discounted @ 8.3% US$229 US$229 US$230 US$226 US$220 US$213 US$204 US$196 US$187 US$179 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$2.1b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.3%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$396m× (1 + 2.9%) ÷ (8.3%– 2.9%) = US$7.6b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$7.6b÷ ( 1 + 8.3%)10= US$3.4b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$5.6b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of US$107, the company appears a touch undervalued at a 24% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Belden as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.3%, which is based on a levered beta of 1.233. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Belden Strength Debt is well covered by earnings and cashflows. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Electronic market. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio and estimated fair value. Threat Annual earnings are forecast to grow slower than the American market. Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Why is the intrinsic value higher than the current share price? For Belden, we've compiled three essential elements you should assess: Risks: For example, we've discovered 1 warning sign for Belden that you should be aware of before investing here. Future Earnings: How does BDC's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Crypto Currents: Coinbase, Shopify partner for USDC payments
Crypto Currents: Coinbase, Shopify partner for USDC payments

Yahoo

time2 days ago

  • Yahoo

Crypto Currents: Coinbase, Shopify partner for USDC payments

As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week's top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter COINBASE, SHOPIFY PARTNER FOR USDC PAYMENTS: On Thursday, Coinbase (COIN) announced a partnership with Shopify (SHOP). The company said, 'We are working together to bring commerce onchain by making it easy for all merchants on Shopify Payments to accept USDC payments on Base. We're rolling this out with early access merchants today, and will expand to all stores around the globe running Shopify Payments later this year. The future of payments is here. Shopify chose Base to bring crypto payments mainstream because it offers fast, cheap, and secure onchain transactions everywhere around the world. This partnership represents a significant step toward Base's mission to bring a billion people onchain.' Additionally at its State of Crypto Conference, Coinbase announced that it(AXP) Network. The Coinbase One Card will offer up to 4% bitcoin back on every purchase, offered by Coinbase and Cardless, and issued by First Electronic Bank. Will Stredwick, SVP, global network services at American Express, said, 'In today's world, we see real potential in the combination of Coinbase and crypto with the Powerful Backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now…The Coinbase One Card will offer crypto rewards alongside unique benefits, offers, experiences, and protections through the American Express Network.' The company also announced Thursday that it will be launching a Coinbase Business financial platform later this year. The company said, 'At Coinbase, we've spent over a decade building the trusted foundation for the cryptoeconomy to increase economic freedom around the world. Now, we're bringing that same security, scale, and compliance to everyday businesses with Coinbase Business, a modern financial stack built with the speed and scale of crypto. Coinbase Business is purpose-built for modern operations and designed to streamline financial workflows for small-to-medium-sized businesses and startups. Whether you're looking to send and receive payments, manage crypto assets, or automate payouts, Coinbase Business allows you to do it all in one secure account.' On Friday, BofA raised the firm's price target on Coinbase to $259 from $216 and kept a Neutral rating on the shares. With the GENIUS and CLARITY Acts through committee, the firm thinks that regulatory clarity will be achieved over the near-term, which would broaden crypto participation, and it is raising its multiple and revising up volume estimates for Coinbase's institutional business in order to embed the benefit of greater regulatory clarity. However, while positive on the regulatory front, the firm also views the retail trading backdrop as 'peakish' and views Coinbase's valuation as 'full' relative to its long-term growth prospects, the analyst said. Meanwhile on Wednesday, William Blair initiated coverage of Coinbase with an Outperform rating. The firm views the crypto industry as 'nascent, rapidly evolving, and poised for durable above-average growth,' measured by token market capitalization and transaction volume. Crypto's 'time on the fringe is ending,' replaced by an era of consistent regulation and expanding use-cases with the ultimate potential to supplant the traditional global financial system, the analyst said. Blair believes Coinbase's leadership creates an inherent advantage, and views the stock as the best way for growth investors to participate in a 'crypto renaissance.' It believes the company's solutions constitute the most comprehensive crypto services portfolio, underpinned by security and trust. BITCOIN DEPOT ACQUIRES ASSETS OF PELICOIN: Bitcoin Depot (BTM) announced Wednesday it has acquired the assets of Pelicoin, a crypto ATM operator based in New Orleans, Louisiana. The deal will add kiosk locations across Louisiana, Mississippi, Tennessee, Alabama, and Texas, strengthening Bitcoin Depot's presence in the Gulf South. Pelicoin's ATM network will be fully integrated into Bitcoin Depot's platform in the coming weeks, with all locations transitioning to Bitcoin Depot branding. The financial terms of the transaction were not disclosed. 'Pelicoin is a strategic addition to our footprint in a region where we see real opportunity,' said Brandon Mintz, CEO. 'Pelicoin's locations give us a stronger presence in the Gulf South, and we can immediately apply our scale and experience to operate their machines more efficiently. This acquisition is part of our broader effort to consolidate a fragmented market and extend our leadership in cash-to-crypto access nationwide. As the industry matures, we believe our ability to integrate and optimize smaller networks is a key advantage.' Following the news, Northland raised the firm's price target on Bitcoin Depot to $8.50 from $7 and kept an Outperform rating on the shares. While this 'appears to be a relatively small acquisition,' the firm views it as 'a testament' to management executing on its kiosk acquisition roll-up strategy, the analyst said. STRATEGY BUYS MORE BITCOIN: Strategy (MSTR) announced Monday updates with respect to its at-the-market offering programs and bitcoin holdings. The company raised $112.2M and purchased 1,045 bitcoin for an aggregate purchase price of $110.2M during the period of June 2 to June 8. As of June 8, the company's aggregate bitcoin holdings were 582,000. JPMORGAN UPDATES BITCOIN MINER PRICE TARGETS: On Friday, JPMorgan raised the firm's price target on Riot Platforms (RIOT) to $14 from $13 and kept an Overweight rating on the shares. The firm updated bitcoin miner price targets and models to reflect the Q1 results and changes in bitcoin price and the network hashrate. JPMorgan applied a sum-of-the-parts valuation framework, which values miners based on their mining operation, land and power portfolio, and bitcoin holdings. The analyst also raised the firm's price target on Mara Holdings (MARA) to $19 from $18 and kept a Neutral rating on the shares as well as on CleanSpark (CLSK) to $14 from $12 and keeps an Overweight rating on the shares. WALMART, AMAZON MULL ISSUING STABLECOINS: Walmart (WMT), Amazon (AMZN), and other multinational companies as well as Expedia Group (EXPE) and airline companies have explored whether to issue their own stablecoins in the U.S., the Wall Street Journal's Gina Heeb, AnnaMaria Andriotis, and Josh Dawsey reported Friday, citing people familiar with the matter. Stablecoins could allow merchants to get around traditional payment restrictions and offer the possibility for a quicker process. OTHER CRYPTO NEWS: Riot Platforms reports beneficial ownership of 14.3% in Bitfarms (BITF) Stablecoin 'quietly become' second largest miner, says BTIG PayPal (PYPL) plans to make its stablecoin available on the Stellar network TeraWulf (WULF) price target raised to $6 from $4.50 at Rosenblatt CRYPTO STOCK PLAYS: Publicly traded companies in the space include Bit Digital (BTBT), Coinbase, Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings, Strategy, Riot Platforms and TeraWulf. PRICE ACTION: As of time of writing, bitcoin was roughly flat this week at $104,990 in U.S. dollars, according to CoinDesk. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on COIN: Disclaimer & DisclosureReport an Issue Spetz says Sonic blockchain's native token $S set to be listed on Coinbase USDC Comes to Shopify, Coinbase Deal Could Boost SHOP Stock Coinbase price target raised to $259 from $216 at BofA Coinbase Launches First-Ever American Express Credit Card with 4% Bitcoin Cashback Coinbase Global: Hold Rating Amid Strategic Growth and Market Uncertainties

Coinbase Rolls Out 4% Bitcoin Cashback Card
Coinbase Rolls Out 4% Bitcoin Cashback Card

Yahoo

time3 days ago

  • Yahoo

Coinbase Rolls Out 4% Bitcoin Cashback Card

Coinbase (NASDAQ:COIN) is leaning into subscriptions with its first American Expressbranded credit card, promising up to 4% Bitcoin (BTC-USD) back for paying members. The Coinbase One Card launches this fall and ties directly to Coinbase One's $29.99 monthly plan, which already offers higher staking rewards and transaction credits on its Base blockchain. A new $4.99 Basic tier will give lighter users a taste of perks without full Bitcoin cashback. Warning! GuruFocus has detected 6 Warning Signs with COIN. By making the card exclusive to subscribers, Coinbase is shifting its revenue mix away from trading fees$1.26 billion in Q1toward predictable, recurring streams. Last quarter, its services suite (Coinbase One, Base, staking, stablecoins and custody) generated $698.1 million, and analysts say subscription growth is the linchpin for long-term stability. Amex's Will Stredwick praised the card as an excellent mix of what customers are looking for right now, underlining the appeal of direct crypto rewards through a trusted partner. Beyond consumer incentives, the card rollout sets the stage for Coinbase's push into U.S. perpetual futureshigh-volume contracts previously available only offshore. Talks with the CFTC are underway, and approval could add institutional-grade revenue alongside the retail flywheel the card aims to spin. If subscribers stick around for both perks and pro products, Coinbase could build a durable moat in an industry plagued by fee volatility. Why It Matters: Embedding Bitcoin rewards in a subscription paywall could transform Coinbase's business model from cyclical trading income to stable, engaged user cohorts. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store