Co-warehousing helps startups like fidget maker Strudel3D flourish
A startup's journey from a cramped office to rapid expansion showcases the power of the right workspace for growing businesses. The Plano-based maker of mechanical keyboard-style fidget toys for people with ADHD has seen its sales and revenue soar in the short time the business has been in new flexible warehouse space.
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Axios
23 minutes ago
- Axios
Amid backlash, Tesla remained resilient in Texas
Even as Tesla deliveries plunged nationally this year amid Elon Musk's very visible (if short-lived) alliance with President Trump, there was at least one state where Tesla registrations were up: Texas. Why it matters: The registration data, obtained by Axios through public information requests, indicates loyalty to the brand in its home base, including Texas' large urban and suburban counties. The depth of conservatives' enthusiasm for Musk's automobiles now faces a major test amid the absolute meltdown last week between the Tesla CEO and the president. By the numbers: Texans registered 12,918 new Teslas in the first three months of 2025, a period when Musk, who contributed more than $250 million to a pro-Trump super PAC during the 2024 election campaign, was enmeshed in the Trump administration as the overseer of DOGE, the president's cost-cutting initiative. Over the same period in 2024, Texans registered 10,679 Teslas. That's a 21% increase year over year. The intrigue: The spike in Texas registrations came as Tesla was flailing elsewhere. Tesla's vehicle deliveries plunged 13% globally in the first quarter of 2025 (336,681 electric vehicles) compared with Q1 2024 (386,810). Tesla vehicles were torched at showrooms and the brand's reputation cratered. Zoom in: Tesla saw year-over-year improvements in its sales in some of the most populous Texas counties. In Travis County, new Tesla registrations grew from 1,369 in the first quarter of 2024 to 1,424 during the first quarter of 2025. In Harris County, they grew from 1,526 to 1,837 during the same period. Tesla registration grew from 1,316 to 1,546 in Collin County and from 990 to 1,146 in Dallas County. In Bexar County, registrations grew from 631 to 664. What they're saying:"It's homegrown pride," is how Matt Holm, president and founder of the Tesla Owners Club of Austin, explains the car company's resilience to Axios. "And regardless of all the drama going on these days, people can differentiate between the product and everything else going on, and it's just a great product." "Elon has absolutely and irreversibly blown up bridges to some potential customers," says Alexander Edwards, president of California-based research firm Strategic Vision, which has long surveyed the motivations of car buyers. "People who bought Teslas for environmental friendliness, that's pretty much gone," Edwards tells Axios. Yes, but: The company had been enjoying an increasingly positive reputation among more conservative consumers. Musk was viewed favorably by 80% of Texas Republicans polled by the Texas Politics Project in April — and unfavorably by 83% of Democrats. In what now feels like a political lifetime ago, Trump himself even promoted Teslas by promising to buy one in support of Musk earlier this year. "In some pockets, like Austin, you have that tech group that loves what Tesla has to offer, can do some mental gymnastics about Musk, and looks at Rivian and says that's not what I want or might be priced out," Edwards says. Between the lines:"Being in the state of Texas, you're naturally conditioned to think you're better than everyone else in the U.S. And when you buy a Tesla" — a status symbol — "that's what you're saying. It doesn't surprise me that there's an increase in sales" in Texas, Edwards says. Plus: Tesla's resilience in Texas could have practical reasons as well, Edwards says. Texas homes — as opposed to, say, apartments in cities on the East Coast — are more likely to have a garage to charge a car in, he adds. What's next: Musk said late last month that Tesla was experiencing a "major rebound in demand" — without providing specifics. But that was before things went absolutely haywire with Trump and Tesla stock took a bath last week.
Yahoo
29 minutes ago
- Yahoo
American Coastal Insurance Corporation (ACIC): A Bull Case Theory
We came across a bullish thesis on American Coastal Insurance Corporation (ACIC) on Miroslav Štěpánek's Substack. In this article, we will summarize the bulls' thesis on ACIC. American Coastal Insurance Corporation (ACIC)'s share was trading at $11.75 as of 4th June. ACIC's trailing P/E was 7.99 according to Yahoo Finance. An insurance agent at their desk consulting a customer about property & casualty insurance. American Coastal is a Florida-based property insurer that stands out in a typically commoditized industry due to its strategic niche, disciplined underwriting, and exposure to a high-premium market shaped by hurricane risk. Despite operating in a state where insurers have frequently gone bankrupt due to underpricing and fraud, American Coastal has maintained resilience through selective client screening and rigorous risk assessment, especially in its focus on residential-commercial properties with gardens. The company's 2022 combined ratio of 86.5%—even after Hurricane Ian—demonstrated its superior underwriting discipline. Trading at a 2024 P/E of 6.9 and boasting a high-teens free cash flow yield, the stock appears significantly undervalued. The company is now well-capitalized post-separation from UPC, with founder Daniel Peed still on the board despite stepping down as CEO. American Coastal is actively returning capital to shareholders via dividends and opportunistic buybacks and has initiated a $0.50/share dividend, reflecting confidence in its financial health. While core insurance operations are mature, modest organic growth is expected from Florida's demographic shifts, and a new MGU business could generate $20 million in annual profits over time. The hurricane risk remains real, but even recent storms like Helene and Milton only caused a modest financial impact, and major hurricanes may sustain high pricing. Investor sentiment remains cautious due to lingering concerns from its UPC past and weather-driven volatility, but those willing to look past episodic turbulence may find compelling upside. A conservative valuation model suggests potential returns of 2–3x over the next few years, making American Coastal a high-yield, asymmetric value play in a misunderstood niche. Previously, we covered a on RLI Corp. (RLI) by Serhio MaxDividends on Substack, operating within the same industry as ACIC, praising its 50-year dividend growth streak, robust underwriting, and strong balance sheet despite a dip in Q1 earnings. Miroslav Štěpánek's thesis on American Coastal Insurance Corporation (ACIC) offers a more contrarian angle, spotlighting a Florida-focused insurer with disciplined underwriting and a high cash flow yield. While RLI offers stability and long-term compounding, ACIC presents an asymmetric value bet with 2–3x upside potential for those willing to brave weather-driven volatility. American Coastal Insurance Corporation (ACIC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held ACIC at the end of the first quarter which was 18 in the previous quarter. While we acknowledge the risk and potential of ACIC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
32 minutes ago
- Yahoo
Snaps Clothing Taps The Uptown Agency as Agency of Record
Collaboration to Expand Snaps' Signature Pearl Snap Shirts and Authentic Texas Spirit Across the U.S. DALLAS, June 9, 2025 /PRNewswire/ -- Snaps Clothing, the Dallas-born innovator redefining menswear through its modernized pearl snap shirts, has selected The Uptown Agency as its Agency of Record. This strategic partnership unites two Texas powerhouses to elevate Snaps' mission of blending tradition with innovation while accelerating its rapid expansion into new markets. "We searched for a partner who could amplify our story and energize our fans across every channel," Snaps co-founder Patrick Lynn said. "The Uptown Agency's blend of creativity, data-driven strategy, and track record of bold brand building made them the obvious choice." A leader in versatile menswear, Snaps has continued to grow since its inception in 2021. This collaboration with The Uptown Agency will leverage data-driven, unique storytelling to amplify the brand's authentic Texas roots and nationwide appeal. Snaps, co-founded by Patrick Lynn and Ed Baronne, combined their love for live music, sports, and Southern culture to create shirts that transition seamlessly from boardrooms to backyard barbecues. Snaps has cultivated a devoted following among professionals, outdoor enthusiasts, and college communities. As Snaps' Agency of Record, The Uptown Agency will deploy a multi-channel strategy to amplify their "everyday adventure" narrative while broadening its demographic reach through brand storytelling, digital media, influencer collaborations, and experiential activations. "Snaps embodies the spirit of Texas - bold, innovative, and unapologetically authentic," said Joseph Alexander, President & CEO of The Uptown Agency. "Our goal is to channel that energy into campaigns that resonate far beyond our roots, positioning Snaps as the go-to shirt for anyone valuing style without sacrifice." With The Uptown Agency's expertise, Snaps aims to capitalize on the $40 billion menswear market by emphasizing its unique value proposition: shirts engineered for "last call to work calls". Upcoming initiatives include expanding the Tailgater Collection to additional NCAA schools and introducing limited-edition designs inspired by Texas music legends. "We're inviting people into a community that celebrates grit, creativity, and the joy of the unplanned," added Lynn. "The Uptown Agency understands how to scale that ethos without losing what makes us distinctly Snaps." As the brand prepares to unveil its Fall 2025 line, this partnership signals a new chapter in Snaps' journey to make the pearl snap shirt a wardrobe staple from coast to coast and beyond. About Snaps Clothing Dallas-based Snaps Clothing Co. is a pioneering menswear brand redefining Western heritage through modernized pearl snap shirts designed for versatility, performance, and everyday adventure. Co-founded by Patrick Lynn and Ed Baronne—two corporate professionals turned disruptors—the brand emerged from a shared passion for live music, Southern culture, and functional style. Snaps merges timeless design with cutting-edge fabric technology, offering shirts engineered to transition seamlessly from boardrooms to backyard barbecues. They feature moisture-wicking CoolMax® blends, wrinkle-resistant twill, and UPF 50+ sun protection. Learn more at About The Uptown Agency The Uptown Agency is an award-winning, full-service marketing and branding partner dedicated to engineering differentiation through creative excellence and data-driven strategy. Recognized as a leader in brand growth, the agency combines industry-leading expertise in brand strategy, creative development, digital marketing, web development, and PR to deliver bespoke solutions that activate audiences and drive measurable results. The Uptown Agency is a true extension of client teams, prioritizing deep business understanding over templated approaches. Their work spans strategic brand overhauls, custom-coded web experiences, and high-impact campaigns that blend cultural relevance with technical precision. Explore their work at View original content to download multimedia: SOURCE The Uptown Agency 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
