Latest news with #ChadCollins
Yahoo
29-04-2025
- Business
- Yahoo
Here's Why SPS Commerce (SPSC) Shares Declined by 14%
Conestoga Capital Advisors, an asset management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets started the year with a rally due to optimism about a strong economy and expectations of moderating inflation and lower interest rates. However, concerns over slowing earnings from major Technology companies, geopolitical tensions, and an upcoming announcement on tariffs led to a sharp decline in equities by the end of the first quarter. Investors sought safety, driving U.S. Treasury yields down. The Conestoga Small Cap Composite returned -11.35% (net) in the first quarter compared to the Russell 2000 Growth Index's -11.12% return. The Conestoga SMid Cap Composite returned -5.73% compared to the Russell 2500 Growth Index's -10.80% return. The Conestoga Micro-Cap Composite returned -8.24% vs the Russell Microcap Growth Index's return of -17.75%. Finally, the Conestoga Mid Cap Composite returned 0.96% (net), compared to the Russell Midcap Growth Index's -7.12% return. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025. In its first-quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as SPS Commerce, Inc. (NASDAQ:SPSC). Headquartered in Minneapolis, Minnesota, SPS Commerce, Inc. (NASDAQ:SPSC) offers cloud-based supply chain management solutions. The one-month return of SPS Commerce, Inc. (NASDAQ:SPSC) was 5.12%, and its shares lost 23.53% of their value over the last 52 weeks. On April 28, 2025, SPS Commerce, Inc. (NASDAQ:SPSC) stock closed at $139.53 per share with a market capitalization of $5.299 billion. Conestoga Capital Advisors stated the following regarding SPS Commerce, Inc. (NASDAQ:SPSC) in its Q1 2025 investor letter: "Shares declined by 14% on the date SPS Commerce, Inc. (NASDAQ:SPSC) announced fourth quarter earnings. New CEO Chad Collins has been active in acquiring technologies to help SPSC broadens its set of offerings. This coincides with a moderate deceleration in organic growth that has investors questioning management's revenue growth target and, more specifically, how much will be organic. SPSC has historically grown through a combination of wallet share expansion and new customer additions. While typically balanced, this has shifted to mostly wallet share growth, raising another question with investors around new logo acquisition." A warehouse full of products and packages ready for rapid fulfillment. SPS Commerce, Inc. (NASDAQ:SPSC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held SPS Commerce, Inc. (NASDAQ:SPSC) at the end of the fourth quarter, compared to 27 in the third quarter. SPS Commerce, Inc.'s (NASDAQ:SPSC) first quarter revenue grew 21% to $181.5 million and recurring revenue grew 23%. While we acknowledge the potential of SPS Commerce, Inc. (NASDAQ:SPSC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered SPS Commerce, Inc. (NASDAQ:SPSC) and shared the list of worst performing software stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Hamilton Spectator
29-04-2025
- Politics
- Hamilton Spectator
Podcast: Making sense of the election results in Hamilton
There have been plenty of elections in Canada over the years, but not many as intriguing as Monday's federal race. Not just nationally, either. Hamilton provided at least two big surprises — one that most political observers would consider huge — before the night was done. Not only did Ned Kuruc topple Chad Collins in Hamilton East—Stoney Creek but Liberal Aslam Rana beat New Democrat Matthew Green in Hamilton Centre. On this special election episode of Placeline Hamilton, Spectator election editor Matthew Van Dongen weighs in on the local ridings and what it all means. Political science professor Christopher Erl also joins to talk about the big-picture issues across the country, including what this means for Mark Carney, Pierre Poilievre, Jagmeet Singh, Doug Ford and even Justin Trudeau. This podcast explores issues about the city and stories of interest to those who call it home. Every week, Spectator columnist Scott Radley will dive into hot-button topics with newsmakers, explore stories with the reporters covering them, and chat with those who add to the fabric of this community. Whether it's serious or lighthearted, Placeline Hamilton will keep you informed and engaged. Listeners can expect new episodes every Wednesday. Follow or subscribe at Apple Podcasts , Spotify , Amazon Music or wherever your favourite podcasts are found.
Hamilton Spectator
29-04-2025
- Politics
- Hamilton Spectator
Hamilton East—Stoney Creek flipped Conservative by Ned Kuruc
Hamilton East—Stoney Creek has gone blue. Conservative Ned Kuruc unseated Liberal incumbent Chad Collins in the east-city riding. Kuruc, who placed second to Collins in the 2021 federal election, was an important organizer for Conservative leader Pierre Poilievre and has been campaigning for more than a year. Poilievre visited the riding numerous times since 2022 — including twice during the campaign. The Conservative candidate also had a regular campaigning partner in Bob Bratina — the former Liberal MP in the riding and a former Hamilton mayor. Bratina announced in 2021 he wouldn't seek re-election for a third term as MP due to the Liberal government's $1.7-billion pledge to the once-cancelled Hamilton LRT project. The riding boundaries changed prior to the election, with the western border moving from Kenilworth Avenue to Parkdale Avenue and a portion of the former Flamborough-Glanbrook riding on the east Mountain being added. The NDP's Nayla Mithani and People's Party candidate Jim Boutsikakis also ran in the riding.
Global News
24-04-2025
- Politics
- Global News
Canada election 2025: Hamilton East-Stoney Creek
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Hamilton East-Stoney Creek is a federal riding located in Ontario. This riding is currently represented by Liberal MP Chad Collins who first took office in 2021. Collins collected 18,358 votes, winning 36.87 per cent of the vote in the 2021 federal election. Voters will decide who will represent Hamilton East-Stoney Creek in Ontario during the upcoming Canadian election on April 28, 2025. Visit this page on election night for a complete breakdown of up to the minute results. Candidates Liberal: Chad Collins (Incumbent) Conservative: Ned Kuruc NDP: Nayla Mithani People's Party: Jim Boutsikakis
CBC
17-04-2025
- Politics
- CBC
Know your riding — Canada Votes 2025: Hamilton East-Stoney Creek
Social Sharing The Hamilton East-Stoney Creek riding has been a Liberal stronghold for most of its existence and represented by a number of prominent Hamiltonians. John Munro, who Hamilton's airport is named after, was the Hamilton East MP from 1962 to 1980, winning eight successive elections for the Liberal party and serving in a number of prominent cabinet positions. Sheila Copps, who had the role of deputy prime minister, and Bob Bratina, former Hamilton mayor, are among other notable Liberals elected in the riding. Incumbent Chad Collins won in 2021 over Conservative candidate Ned Kuruc. They will run again this election. In 2023, the riding boundaries changed to encompass more of the Flamborough-Glanbrook area and less of Hamilton Centre. What's behind your vote this federal election? Hamilton East-Stoney Creek runs along Lake Ontario to the north, and Niagara Escarpment to the south, as well as encompassing part of the Mountain between the Red Hill Valley Parkway and Upper Centennial Parkway. CBC Hamilton sent a survey to major party candidates, or their party representatives. Their responses, edited for length and clarity, are reflected below. Jim Boutsikakis, People's Party A business owner, Boutsikakis's campaign website says he's "dedicated to fighting for the core Canadian values of freedom, family and country." He did not fill out the survey. "Jim remains dedicated to fighting for the core Canadian values of freedom, family, and country," says his website. "He is a patriot fighting on behalf of all Canadians." Chad Collins, Liberal Collins, 54, has represented the area since 1995, first as city councillor and then as MP in 2021. "I have spent my life in this riding with the mindset that communities are built from the ground up," he wrote in the survey. "I love knocking on doors and listening to both the concerns of our residents and their ideas on how to improve our incredible community." He was among a group of MPs who called for then-prime minister Justin Trudeau to step down late last year after hearing from constituents that "the Liberal Party status quo was not working," Collins wrote in the survey. He is now supportive of party leader Mark Carney. Ned Kuruc, Conservative A mortgage specialist in Stoney Creek, Kuruc has lived in the community his entire life. He did not fill out the survey. His campaign website says he's "ready to axe the carbon tax, build homes, restore freedom, and bring affordability back to Hamilton East-Stoney Creek." If elected, he will "work hard to make life better and more affordable for families, seniors, new graduates and small businesses," the website says. Nayla Mithani, NDP Mithani is a project manager for NDP Leader Jagmeet Singh, according to her LinkedIn. She did not fill out the survey, and did not a biography on the campaign website at the time of publication. She's also worked as an Ontario NDP campaign organizer and graduated from McMaster University, her LinkedIn profile says.
