Latest news with #Fishers
Yahoo
3 days ago
- Business
- Yahoo
Stevanato Group S.p.A. (STVN): A Bull Case Theory
We came across a bullish thesis on Stevanato Group S.p.A. (STVN) on Best Anchor Stocks' Substack. In this article, we will summarize the bulls' thesis on STVN. Stevanato Group S.p.A. (STVN)'s share was trading at $22.61 as of 22nd May. STVN's trailing and forward P/E were 43.55 and 37.45 respectively according to Yahoo Finance. A biopharmaceutical facility with technicians working on a manufacturing line of treatments and preventions. Stevanato's recent earnings release highlighted a sharp return to growth, with Q1 revenue up 9% to €256.6 million—far ahead of expectations—driven primarily by strong performance in its high-value products (HVPs) and the ramp-up of new facilities in Latina and Fishers. Despite this impressive beat, the stock gave up early gains, staying true to its volatile trading pattern. However, the real story lies in Stevanato's compelling margin expansion potential and what appears to be sandbagged guidance. Margins improved meaningfully in Q1, yet remain artificially depressed due to underutilized vial capacity, dilutive effects from new plant ramp-ups, and a still-recovering engineering division. Net income grew 41% on just 9% revenue growth, illustrating the leverage embedded in the model. Management's commentary suggests that over time, as engineering margins normalize and the HVP mix continues to increase—especially with major projects like Ez-Fill cartridges for likely customers such as Novo Nordisk—the company could unlock over 1,000 basis points in margin expansion. Furthermore, current HVP gross margins are estimated to be double those of bulk products, signaling substantial upside. While guidance for 2025 was only modestly raised and Adjusted EBITDA lowered slightly due to tariffs, this conservatism appears more like strategic sandbagging than a real slowdown. Based on Q1 results and seasonal trends, full-year revenue could exceed management's guidance by 2.5%, implying double-digit growth is very much in reach. With expanding margins, a durable growth runway driven by mix shift and replacement demand, and strategic positioning in the U.S., Stevanato offers a long-term upside narrative not reflected in current valuation multiples. Stevanato Group S.p.A. (STVN) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 11 hedge fund portfolios held STVN at the end of the fourth quarter which was 11 in the previous quarter. While we acknowledge the risk and potential of STVN as an investment, our conviction lies in the belief that some 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 more promising than STVN but that trades at less than 5 times its earnings, check out our report about the cheapest 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.
The Courier
5 days ago
- Business
- The Courier
Dundee Fishers Tours buses up for auction as staff wait for wages
Fishers Tours buses are being advertised for auction as staff wait for answers over unpaid wages and pension payments a week after the Dundee firm ceased operating. No formal liquidator or administrator has been named and drivers and mechanics are no further forward in making claims for pay, holiday entitlement and redundancy settlements. The Courier visited the Mid Craigie yard on Tuesday afternoon to put questions to the directors, but there was no one at the site. A fleet of 10 Fishers Tours coaches have been placed on auction website Sweeney Kincaid, which is due to go live in June. Prices are advertised on the website, but a 2015 Plaxton bus used by Fishers Tours can cost between £122,000 – £155,000. Fishers staff were told last Monday the company would cease operations that Friday. As well as leaving employees 'high and dry', Fishers operated contracts to take Angus pupils to and from school, which had to be hastily rearranged. A number of bookings were cancelled with limited warning leading up to the closure, and one Dundee children's charity lost a £1,000 booking after being told to 'claim it from the liquidator'. Staff were told pension payments had allegedly not been made by Fishers since the beginning of the year. And they are still waiting for answers on the company's liquidation, more than a week since being told their company was closing. 'We're all still in limbo,' one driver told The Courier. 'We left on Friday with no paperwork and no replies to any of our emails asking for the information we need. 'This includes who the administrators are, what will happen to holidays and wages due, a letter of redundancy confirmation or pensions information. 'There are no case numbers yet, to apply for money owed. We were told there would be administrators by Tuesday morning. This hasn't happened. 'Now there are more than 20 lads all panicking. It's an absolute joke. 'All the buses were removed from the yard on Monday. 'How long do we have to wait? It's an absolute shambles.' Some staff have been interviewed for jobs at other firms, with Xplore Dundee owner McGill's confirming they had approached former Fishers' employees. A spokesperson added: 'We are in discussion with the local authority regarding the provision of school transport services for pupils in the Dundee area affected by the collapse of Fishers. We remain ready to assist where necessary.' Angus Council has secured home-to-school travel for eligible pupils on Fishers routes until the end of term. They could not comment on what steps they would take to recover public money paid to Fishers for the transport contracts. But only pupils provided with a travel pass issued by Angus Council will be permitted to board the services. A previous arrangement where young people could use their national entitlement card to travel to school has been stopped. A spokesperson added: 'Arrangements are in place to cover all home-to-school transport routes for entitled pupils from Tuesday 27 May. 'You can read the most up-to-date information on our school transport webpage. 'We will consider all relevant matters in due course, but it would not be appropriate to comment further on these issues publicly at this time.'
Perth Now
6 days ago
- Entertainment
- Perth Now
New month-long arts festival set to launch in Perth's south
The sound of First Nations country and roots music will wave through Perth's south for five weeks this winter as part of a new cultural event. The City of Cockburn will hold its first-ever Makuru Festival inside Hamilton Hill's beloved Memorial Hall from June 3 to July 8. The Makuru Festival, named after the Nyungar season of rain and fertility, will include live music, theatre, film, visual arts and yoga classes. Your local paper, whenever you want it. Organisers anticipate the one-off Bloodline Beats Sunday Arvo Music performance featuring three local family bands the Fishers, Rogers and Dave Brewer and the Brewer Boys on June 22 will sell out. Creative programs leader Ella Hetherington said the Makuru Festival was a chance for locals to enjoy high-quality arts in their own backyard. 'We are thrilled to meet the local desire for creative expression by providing high-quality welcoming experiences that are low-cost or free, and that feature the amazing talent of local and WA performers without the need to travel far,' she said. City of Cockburn mayor Logan Howlett said the festival also shined a light on the area's history as a meeting place for its First Nations custodians. 'The Makuru Festival is a wonderful opportunity to make memories and connections with others in our diverse, inclusive community,' he said. 'I encourage everyone to brave the colder winter weather to warm the cockles of their hearts as they enjoy a range of local talent at our beloved Mem Hall.' To book tickets and see the full line-up of events visit the Makuru Festival page on the City's website.
Yahoo
6 days ago
- General
- Yahoo
Anni Amalnathan embracing the pressure that comes with leading Saint Joseph girls tennis
Wins and losses don't matter much to Anni Amalnathan right now. She's more focused on embracing her final season as a member of the South Bend Saint Joseph girls tennis program. The senior star wants to make sure that her final go around for the tradition-rich Huskies is an enjoyable one. Advertisement More: HS Tennis: Who are the top prep girls tennis teams this season? Last spring: Saint Joseph girls tennis claims elusive state title with 3-2 decision over Fishers "This is the last time together with my high school friends, and I want to make sure to enjoy it and have fun," Amalnathan said. "I just want to go out there and be the best that I can be. I also want what is best for our team." A decorated career Amalnathan has known nothing but success at St. Joe. She posted a 27-1 mark at No. 1 doubles as a freshman in 2022. Anni teamed with older sister, Ashi, to go 18-0 and win the No. 1 doubles state championship in that season. Advertisement She then was 28-1 in 2023, going 19-0 at No. 3 singles and 9-1 at No. 2 singles. Amalnathan was 28-1 at No. 3 singles in 2024, playing behind senior stars Molly Bellia and Ashi as the Huskies won the team state championship. Amalnathan has moved into the No. 1 singles spot this season for her team. She admits that there are more eyeballs on her now to succeed for a squad that was 77-9-1 the past four seasons and has been to the State Finals each of the past four years, with runner up finishes in both 2021 and 2023. "There is definitely pressure," Amalnathan said. "Molly and Ashi were definitely great players and definitely made a name for themselves. Now, I'm the captain and I'm in a new spot at No. 1 and playing the top players on every team. "I have a lot of belief in myself and that's what I need to focus on. I need to learn from my losses and keep looking forward." Advertisement Amalnathan started the year 4-0 before losing three of four matches against top flight competition. She lost versus the top player from No. 4 Westfield April 25 and then to players from No. 6 Fishers and No. 10 Columbus North in the loaded Park Tudor Invitational April 26. Longtime Saint Joseph coach Bill Mountford isn't concerned about the losses. "Anni will be fine," said Mountford the day after his team placed third in the Park Tudor event. "Honestly, this was a bump in the road. She did not play her best and lost to some very good players. "Is Anni one of the best players in the state? Yes she is. She knows what it takes and will go back to work and put in the time on her game. She has all the shots and the game to do it. She just needs to get her mojo back." Advertisement Amalnathan bounced back after the tough go down South by winning Monday versus Elkhart and Tuesday versus Culver Academy. The Huskies, who were ranked No. 15 in the latest coaches poll, are 6-1 through Wednesday's matches. An expected showdown with rival Penn Thursday, May 1 was postponed to Tuesday, May 6, due to weather. "Playing at No. 1 singles is a whole different ballgame, and Anni is learning that," Mountford stated. "It makes a difference when you are playing every team's best player every match. Then-Saint Joseph junior Anni Amalnathan pumps her fist after scoring a point during a girls tennis semistate match against Carmel Saturday, May 25, 2024, at Culver Academies in Culver. "The thing about Anni is that she knows her way around the court. She has a complete game. It's just all about her confidence. She beat a good player (in the win at Culver Academy) and played a lot better. It was fun to see her figure it out." Advertisement Amalnathan admitted that she had almost decided not to play collegiate tennis until opting to commit to Colorado State. "I contemplated quitting tennis and just playing club in college," Amalnathan explained. "But then I found I loved the game. I'm so excited now to play for Colorado State. I fell in love with the environment there on my visit and the coaches there are just the sweetest people." 'How am I still alive?' Concord senior reflects on crash that nearly killed her, recovery More: Here are the best South Bend area high school girls sports performances, April 28 - May 3 Amalnathan did note that she does miss playing with her sister and Bellia. Ashi is now playing at South Carolina State, while Bellia is at the United States Naval Academy. Bellia played No. 1 singles each of the past four years and was the individual state champion in 2021. Advertisement "Ashi and Molly were the best role models, and I learned a lot from both of them," Amalnathan said. "Molly had grit and perseverance and never gave up. Ashi was able to bounce back from tough things." Amalnathan has been around the game her entire life. Her father Arul currently teaches tennis in South Carolina. He used to be a teaching pro at the South Bend Racquet Club. Amalnathan is keeping things in perspective as the Huskies chase another long postseason run starting later this month. She will also try to navigate through the No. 1 singles tournament as well. "The obvious goal is to win state," Amalnathan said. "That's always the goal. But tennis isn't everything." Advertisement Mountford praised the makeup of his top player on a team that boasts some strong underclassmen like sophomore Libby Yergler and freshman Coco Burfien. "Anni is definitely a team kid," Mountford said. "She has a great attitude. The right attitude. She's a tennis rat and a bright kid." This article originally appeared on South Bend Tribune: Anni Amalnathan is making sure to enjoy her final prep tennis season
Associated Press
27-05-2025
- Business
- Associated Press
American Infrastructure Holding Corporation Provides Update on Share Exchange with American Infrastructure Corporation
Shareholders of American Infrastructure Corporation will receive 60 million common shares and approximately 10 million Series A Preferred. American Infrastructure Holding Corporation (OTCMKTS:CGRA) FISHERS, IN, UNITED STATES, May 27, 2025 / / -- American Infrastructure Holding Corporation, (OTC: CGRA ) ('CGRA' or the 'Company'), a company focused the on the mining and production of critical minerals and resources needed for infrastructure, manufacturing, technology, and defense, is pleased to announce it has finalized its merger with AIC along with share distribution to shareholders of AIC. As part of the transaction, AIC shareholders are is expected later this week to complete the distribution of approximately 60 million common shares and 10 million Series A Preferred shares of CGRA to its shareholders of record as of December 31, 2024. These shares represent the full equity exchange for the sale of 100% of AIC to American Infrastructure Holding Corporation (Formerly CGrowth Capital, Inc.). At the time of the transaction, American Infrastructure had 17,337,385 common shares outstanding, all of which were exchanged for a combination of Common stock and Series A Preferred Stock of CGRA. Each AIC shareholders will receive, for each common share held, 3.46073 common shares and 0.57679 Series A Preferred shares of CGRA, rounded to the nearest whole share. Each Series A Preferred share carries an initial conversion ratio of 1,256 shares of common share of CGRA. Mark Jensen, Executive Chairman of American Infrastructure, commented, 'The distribution of CGRA's common and preferred shares marks one of the final steps in completing the merger with AIC. We expect this share exchange to be fully completed with our transfer agent later this week. Once completed, AIC shareholders will begin to see CGRA common and preferred stock reflected in their brokerage accounts or registered directly with the transfer agent. In parallel, CGRA is also working with FINRA to officially change its name and ticker of the company to American Infrastructure Holding Corporation.' More information on the sale of AIC to CGRA can be found in American Resources' Form 8-Ks dated January 6, 2025 and February 4, 2025. The products extracted from the permits owned and controlled by the Company are essential to national security and are needed to secure our supply chains in the United States and with allied nations. - Metallurgical coal: Produced from the Company's West Virginia and Kentucky assets, which is an essential input and resource utilized in the steel manufacturing process. The carbon obtained from coal is blended with iron ore in the steel formation process. Coal was recently deemed as a critical mineral by the presidential administration, making it entitled to federal funding and deregulation - Iron ore: Produced from our upcoming Jamaica permit and is the second essential ingredient that is utilized in the steel manufacturing process. - Vanadium: Also produced from our upcoming Jamaica permit and is used in a number of high value applications including as an additive to steel, enhancing its strength, toughness, and resistance. It is also used in applications such as ferrovanadium, superconducting magnets, ceramics, and vanadium redox batteries. - Titanium: Also produced from our upcoming Jamaica permit and is used in jet engines, aircraft parts and spacecraft. The name change notification has been submitted to FINRA and is pending regulatory approval. During this review and approval period with FINRA, the Company name listed on the OTC marketplace may be different than the name listed with the Delaware Secretary of State. About American Infrastructure Holding Corporation (OTC: CGRA) American Infrastructure Holding Corporation is a next-generation supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of raw materials that feed the infrastructure marketplace with a focus on steelmaking materials. American Infrastructure has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon are concentrated as well as iron ore and vanadium assets in Jamaica. The Company is focused on running a low-cost model centered on growth that provides significant opportunity to scale its portfolio of assets to meet the growing global infrastructure markets. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. Special Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Infrastructure Holding Corporation's control. The words 'believes', 'may', 'will', 'should', 'would', 'could', 'continue', 'seeks', 'anticipates', 'plans', 'expects', 'intends', 'estimates', or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved. Company Contact: [email protected] Investor Relations American Infrastructure Holding Corporation + +1 317.855.9926 email us here Visit us on social media: LinkedIn Facebook X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
