Banks Unload $2 Billion of Hung Debt Tied to Patterson Buyout
The $1.425 billion leveraged loan, led by UBS, increased in size and priced at 4.5 percentage points over the benchmark rate with a relatively small discounted price of 90 cents on the dollar on Friday, due to strong investor demand, according to a person familiar with the matter.
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58-Year-Old Lottery Winner Tried To Strike A Deal With Teen Son, But Backed Out When The 19-Year-Old Wanted 80% —'I Didn't Realize How Greedy He Was'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. We all daydream about winning the lottery. Maybe it's a beach house. Maybe it's early retirement. Or maybe—if you're a parent—you imagine setting your kid up for life. That's exactly what a 58-year-old father tried to do when he hit the jackpot with a $1,000-a-day-for-life prize. But instead of gratitude, he got a negotiation that made him rethink everything. In a viral Reddit post, the dad explained how he approached his 19-year-old son with a plan: he'd hand over the winning ticket, and in return, the son would give him half the money until the father passed. After that, the son would receive 100% of the daily payout for the rest of his life. Related: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $10. Although he didn't spell out all the logic, the intent seemed clear: his son, being 19, had a much longer life expectancy and could benefit from the "for life" prize far longer than he could. The father was essentially trying to gift his son a lifetime of financial security—while covering himself with a fair 50/50 arrangement in the meantime. The teen's response? Not exactly a warm embrace. "He came back and said it wasn't really fair for me to want half," the dad wrote. "He said that I could live another 40 years. That he might need the money more and that I should take 20%." So the dad thought about it—and then signed the ticket and claimed the lump sum himself. He's now working with a lawyer to set his son up in other ways: college will be covered, a house fund will be waiting, and a trust is being arranged to ensure long-term support. Still, the son is angry—and so is the dad's ex, who apparently expected a cut too. Reddit, of course, had thoughts. A lot of them. "Dad is a sweetheart, son a greedy pig," one user wrote. Another called it "rage bait," adding, "No way is someone that greedy and s*****." One of the top-rated replies summed it up like this: "A 19-year-old kid tried to negotiate from $180K/year for doing nothing to $290K/year with zero leverage and was surprised when it blew up in his face." Some were quick to defend the father's pivot to the lump sum. "It was probably for the best," a commenter wrote. "Judging the son's character... the father was probably going to get hosed on that deal pretty much immediately." Others pointed out just how generous the original offer was. "If my father had offered me that deal, I would show up at his doorstep every morning with his cash, a dozen doughnuts, and his coffee exactly the way he likes it." For what it's worth, the dad isn't leaving his son high and dry—but he's not pretending the whole thing didn't sting. "I thought I was being smart, but I didn't realize how greedy he was," he wrote. In cases like this—where family, money, and long-term plans collide—it's often smart to bring in a professional. Even if you're not lucky enough to win the lottery, platforms like SmartAsset can connect you with financial advisors who help with everything from retirement planning to tax strategy to making sure your kids don't end up arguing over the inheritance. Whether you're setting up support for your kids, planning your estate, or just trying to avoid a financial decision you'll regret later, good advice can go a long way. Because giving your kid the golden goose? That's one thing. Watching him complain it's not laying fast enough—that's something else entirely. See Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. It's no wonder Jeff Bezos holds over $250 million in art — this beloved alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. This article 58-Year-Old Lottery Winner Tried To Strike A Deal With Teen Son, But Backed Out When The 19-Year-Old Wanted 80% —'I Didn't Realize How Greedy He Was' originally appeared on Sign in to access your portfolio
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I missed Nvidia – could this be the next big US growth stock?
Let's be honest — most of us missed the boat on Nvidia (NASDAQ: NVDA). And by the time we realised just how vital graphics processing units (GPUs) would become to artificial intelligence (AI), the share price had already soared into the stratosphere. Over the past five years, the stock has climbed almost 1,600%. In the last six months alone, it's up almost 50%, adding over $1.5trn to its market value. It's now the most valuable company in the world, overtaking Microsoft and Apple in June. I have exposure to the stock through several ETFs and investment trusts, so I didn't entirely miss out on the action. But I certainly made nowhere near the gains I would have had I bought individual shares. Which makes me wonder, how did Nvidia get here, and what stock could be next? Crunching the numbers The numbers behind the hype are jaw-droppingly impressive. For the fiscal year ending January 2025, revenue reached $130bn, a staggering increase from $27bn just two years ago. Net income exploded from $4.3bn in 2022 to more than $70bn this year. And its margins are enormous — a return on equity of 115% and gross margins consistently above 70%. Yet despite the parabolic growth, I don't think it's entirely overvalued yet. In fact, I still think it's worth considering as a long-term investment. It's a world-class company with room to expand further and the global AI arms race is just getting started – with Nvidia at its core. Realistically, though, the biggest gains have already been made. Buying now means betting on continued dominance that may already be priced in, which is a risk. The stock trades at a price-to-earnings (P/E) ratio of 45 – not outrageous considering its growth, but not cheap either. So where should investors look if they want to catch the next killer growth stock before it becomes a trillion-dollar giant? Could SymphonyAI be next? One company on my radar is SymphonyAI, a private US firm reportedly preparing for a Nasdaq IPO later this year. It's not yet listed, but when it does go public, I'll be watching closely. Founded by billionaire Romesh Wadhwani, it specialises in applying AI to specific industry verticals – retail, finance, manufacturing, and healthcare. It doesn't build chips like Nvidia, but it builds the enterprise software that helps businesses harness AI to improve decision-making and productivity. Unlike many AI startups, SymphonyAI already has real revenues and customers. Its retail division serves over 1,200 brands, while its industrial arm works with giants like Nestlé and ArcelorMittal. While financials are still private, it reportedly generates hundreds of millions in annual revenue and is growing fast. If the IPO goes ahead this autumn, it could be one of the most closely watched tech listings of the year. Long-term mindset Nvidia's success was powered by timing, technology, and a growing reliance on data. It may still reward shareholders but the days of 10x returns are likely behind us. SymphonyAI might never reach Nvidia's heights but it could offer early-stage exposure to enterprise AI – the next leg of this growth story. If the valuation is right, it could turn out to be a once-in-a-decade opportunity. The post I missed Nvidia – could this be the next big US growth stock? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Mark Hartley has no position in any of the shares mentioned. The Motley Fool UK has recommended Apple, Microsoft, and Nvidia. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 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
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Symrise AG (ETR:SY1) Just Reported Half-Year Earnings: Have Analysts Changed Their Mind On The Stock?
There's been a notable change in appetite for Symrise AG (ETR:SY1) shares in the week since its interim report, with the stock down 10% to €78.22. It was a credible result overall, with revenues of €2.6b and statutory earnings per share of €1.92 both in line with analyst estimates, showing that Symrise is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Symrise after the latest results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, Symrise's 18 analysts currently expect revenues in 2025 to be €5.04b, approximately in line with the last 12 months. Statutory earnings per share are predicted to accumulate 2.8% to €3.73. In the lead-up to this report, the analysts had been modelling revenues of €5.11b and earnings per share (EPS) of €3.77 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. See our latest analysis for Symrise There were no changes to revenue or earnings estimates or the price target of €111, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Symrise, with the most bullish analyst valuing it at €130 and the most bearish at €90.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Symrise's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 2.1% growth on an annualised basis. This is compared to a historical growth rate of 8.3% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.4% per year. Factoring in the forecast slowdown in growth, it seems obvious that Symrise is also expected to grow slower than other industry participants. The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Symrise's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Symrise going out to 2027, and you can see them free on our platform here.. You should always think about risks though. Case in point, we've spotted 1 warning sign for Symrise you should be aware of. 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.
