Latest news with #Forsythe
Business Insider
3 days ago
- Business
- Business Insider
UBS Keeps Their Buy Rating on Wise PLC Class A (WISE)
UBS analyst Justin Forsythe maintained a Buy rating on Wise PLC Class A (WISE – Research Report) yesterday and set a price target of £13.00. The company's shares closed yesterday at p1,099.00. Confident Investing Starts Here: 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 According to TipRanks, Forsythe is a 4-star analyst with an average return of 11.6% and a 63.75% success rate. Forsythe covers the Technology sector, focusing on stocks such as Adyen, Wise PLC Class A, and Temenos. Currently, the analyst consensus on Wise PLC Class A is a Moderate Buy with an average price target of p1,242.00, a 13.01% upside from current levels. In a report released on May 28, Jefferies also maintained a Buy rating on the stock with a p1,247.00 price target. WISE market cap is currently £15.53B and has a P/E ratio of 26.17. Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WISE in relation to earlier this year.
Calgary Herald
5 days ago
- Climate
- Calgary Herald
What happens during a Red Flag Warning? Alberta Wildfire explains
The Red Flag Warning has been sounded by Alberta Wildfire. Article content It means conditions are ripe for the ignition and fast-moving spread of wildfires. The forest-fire experts use a sliding scale, first adopted by the U.S. National Weather Service, to determine how dry the conditions are in the forest areas, and how the winds could help fan the flames if that dry tinder is ignited. Basically, a score is calculated based on wind speed, heat and the lack of humidity. Article content Article content A sample document provided by Alberta Wildfire shows a hypothetical watch being created when the maximum daily temperatures is expected to hit 33 Celsius, the humidity is at 25 per cent or lower, and wind speeds are 10 km/h. Basically, when it is punishingly hot and dry, it doesn't take a lot of wind to trigger an alert. Article content Article content And, just like weather alerts, 'watch' is one level below 'warning.' Alberta Wildfire upgraded the Red Flag watch to a warning as of 11 a.m. Thursday in the Red Earth Creek, Swan Hills, Fort Chipewyan and Fort McMurray zones, all north of Edmonton. Article content 'We establish the watch based on the weather reports we receive every day,' said Derrick Forsythe, Wildfire Alberta's information officer. 'Of course, we can't tell how long it will last because it's weather dependent. When it comes to weather forecasting, when it's anything beyond three to five days, accuracy falls off a cliff.' Article content Article content As of 11 a.m. Thursday, Environment Canada had heat warnings in place for almost all of Alberta. Only the mountain parks and the southernmost reaches of the province were exempt. The warnings covered all of the northern boreal forest regions. Article content Article content Not as much as you might think. The government department has jurisdiction over the 'green' zones of the province, which basically cover the northern boreal forest and the wilds of the eastern Rocky Mountain slopes. In most Alberta counties, towns and cities, all it can do is provide advice. Alberta Wildfire has no power to issue a fire ban in Edmonton or Calgary. Article content 'Municipalities are the ones who put restrictions in place,' said Forsythe. 'We can give them assistance.'
Global News
6 days ago
- Climate
- Global News
Red flag watch: Alberta Wildfire warns of intense, dangerous conditions to come
It's hot, dry and windy in Alberta — the perfect recipe for fire conditions to blow up. For that reason, Alberta Wildfire has issued a red flag watch: a rarely-heard-of term indicating an increased risk for fire danger due to warm temperatures, very low humidity and stronger winds. 'We put that in effect when conditions are such that we have crossover — where the surface temperature is higher than the relative humidity, which means fuels are going to dry out really quickly and they're more susceptible to burning at a rapid rate than if it was a cool, damp day,' said Alberta Wildfire information officer Derrick Forsythe. 'Couple that with sustained winds of 20 to 30 km and that gives us conditions for active wildfires. 'What it means is that if a wildfire does start, the likelihood that it can grow and spread more rapidly is greater.' Tweet This Click to share quote on Twitter: "What it means is that if a wildfire does start, the likelihood that it can grow and spread more rapidly is greater." Story continues below advertisement Alberta adopted the red flag watch and warning system from the National Weather Service in the United States, and said it's 'intended to provide situational awareness messaging for wildfire personnel and the public that a hazardous fire environment is developing and reinforce the need for heightened vigilance.' Forsythe said Alberta sees such conditions from time to time during the summer but there's specific metrics required for a red flag watch. 'We've seen those triggers be met as of yesterday, so that's why we issued the watch.' Tweet This Click to share quote on Twitter: "We've seen those triggers be met as of yesterday, so that's why we issued the watch." Basically, it's a warning to Albertans to be even more careful about fire safety and a heads up for emergency crews to prepare. 'Our moisture is still pretty low, which means that we can get wildfires triggering a little bit easier now than we can, say, if our moisture humidity is a little higher potentially in mid- to late-July. Not that it's not possible then as well, but this is a concern, especially for tomorrow,' Environment Canada meterologist Alysa Pederson said on Wednesday. 1:36 Swan Hills threatened by wildfire for 2nd time in recent years She likened the conditions expected in the next 24 hours to what Alberta experienced on Monday when thunderstorms rolled across the province — but amplified. Story continues below advertisement Similar storms are expected Thursday night, after two days of 30 C weather and high winds. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'After Monday's event, there are a lot more wildfires that were likely triggered by lightning,' Pederson said. 'That is a big concern: when we're hot and dry like this, thunderstorm activity can trigger wildfires. 'The lightning can trigger wildfires, especially in remote locations right across the province.' Tweet This Click to share quote on Twitter: "The lightning can trigger wildfires, especially in remote locations right across the province." View image in full screen The fire danger is considered 'extreme' across much of Alberta, according to Natural Resources Canada. Natural Resources Canada On Thursday, Environment Canada forecasts an elongated cold front — essentially from southern Alberta right through to the north of the province — with severe thunderstorms developing as it moves west to east, affecting much of the province, including Edmonton. Strong winds and hail are expected, along with lightning. 'After that cold front moves through, cooler air is going to usher in,' Pederson said, adding the 30 C temperatures that prompted extreme heat warnings are out of the norm for this time of year. More rain is expected over the weekend as well. Story continues below advertisement As of Wednesday afternoon, there were 45 active wildfires in Alberta, many of which broke out in recent days. Four of those are wildfires of note. Alberta Wildfire said the new blazes that broke out in recent days align with the path of Monday's thunderstorm. 'There's a kind of a diagonal line of new fires that started in the Slave Lake forest area, that are kind of going from the lower left to the upper right,' Forsythe said. 'That tracks with that weather system that went through.' He said while Alberta Wildfire hasn't yet investigated every fire, so the definite cause of some isn't known, historically many fires start that way. 'There's been a high correlation between tons of lightning strikes on the ground and then a follow-along a day or day and a half later, two days later, of new starts popping up.' Cenovus sends staff home due to nearby fire A wildfire near Winefred Lake in the Lac La Biche region has prompted Cenovus Energy to scale down oil and gas operations on the Cold Lake Air Weapons Range to only what is essential. The fire is burning about 14 km to the north. Cenovus said it has sent home non-essential staff from its Foster Creek facility: a SAGD energy plant with several camps nearby, located about 330 km northeast of Edmonton. Hundreds of workers left Tuesday night, and only a handful of staff remain on site Wednesday. Story continues below advertisement 'We are closely monitoring the evolving wildfire situation,' Cenovus told Global News. 'Our priority is the safety of our people and those fighting wildfires.' That out-of-control wildfire broke out on Monday, May 26, and the cause is not yet known, but it has grown rapidly. It was between 3,000 and 4,000 hectares Wednesday morning but by the afternoon, had nearly doubled in size to over 7,200 and was the largest in Alberta. 'The oil and gas infrastructure is everywhere — you'd be surprised how much is up there,' Forsythe said of the remote area northeast of Lac La Biche dotted with energy operations. 'It's not a secret, people just don't think it would be there because it's an air weapons range.' Tweet This Click to share quote on Twitter: "It's not a secret, people just don't think it would be there because it's an air weapons range." In addition to oil and gas infrastructure located within 20 km of both the north and south perimeter of the wildfire, Alberta Wildfire said there are recreational fishing lodges in the remote area, but no major communities are impacted. Forsythe said the military is very cooperative when firefighting crews have to move in to deal with wildfires. Wildfire crews, airtankers, helicopters and heavy equipment are working on the wildfire. Overnight, heavy equipment crews worked on a fireguard toward the north perimeter of the wildfire. Airtankers are dropping retardant to build a containment line on the southeast side of the fire perimeter. Story continues below advertisement Swan Hills fire update On Monday, 1,300 people who live in the town of Swan Hills were ordered to leave due to a fire north of that community in the Slave Lake region. The 3,600-hectare Edith Lake wildfire is still seven km north of town, but has jumped Highway 33 to the north on Tuesday. Firefighters, supported by helicopters, airtankers and heavy equipment, are working on that blaze. Night vision-equipped helicopters and heavy equipment also worked overnight to strengthen containment lines and help with ongoing suppression efforts. 2:01 Town of Swan Hills evacuates south due to wildfire The evacuation order remains in effect for the Town of Swan Hills. 'The reports I've got is that the community is not under direct threat from the wildfire at this time,' Forsythe said. Story continues below advertisement 'We've got (a fire) guard up the west side and on the south side, and we're working on the east side now to establish a fire guard.' A fire restriction remains in effect across Alberta's boreal forest. The latest details on all the wildfires burning in Alberta is available online at Details on all the burning bans and restrictions in place across Alberta are available online at
Business Insider
08-05-2025
- Business
- Business Insider
Should you knock out student loans before investing for retirement? Here's how to decide.
Corey Forsythe graduated from pharmacy school with a degree and $200,000 in student loans. He's in no rush to pay them off. Forsythe, who is now 35 years old, has been chipping away at the balance by paying down $950 a month. But for the last eight years, a bigger priority for him has been investing in the stock market. It's a different approach than many of his peers. "I have a lot of friends who are still trying to pay off their loans as fast as possible, even going as far as still living at home," Forsythe told BI. "After paying them off, their net worth was zero." With President Donald Trump restarting collections on defaulted student loans, the question of how to manage student loan debt is once again at the forefront of many people's minds. It can be difficult to balance paying off student loan debt with other financial priorities like saving for retirement, and there's no universal answer. But in some cases, it can be beneficial to make smaller loan repayments and focus on other financial goals, experts say. Keep the following factors in mind when making decisions about student loan debt. There are programs to help reduce the burden of student loans, so be sure to check if you qualify for any of them, Rae Kaplan, the owner and head attorney at Kaplan Law Firm, told BI. Reducing the amount of student loans you have to pay will free up your resources to invest and save for other financial goals. There are several income-based repayment plans available. If you work in the public sector and have federal loans, check to see if you qualify for Public Service Loan Forgiveness, a US federal program that forgives the remaining balance on your student loan debt after 10 years of repayments. Forsythe is enrolled in the Pay As You Earn repayment plan, which requires him to pay 10% of his discretionary income monthly. After 20 years of qualifying payments, his remaining student loans will be forgiven. "For me, I'm paying the minimum to keep them at bay, but my main goal is to build my assets and invest in index funds," Forsythe said. In a case like Forsythe's, "the strategy there would be to keep your payment as low as possible on your federal loans while investing as much as possible into your retirement," Kaplan said. Compare interest rates and investment returns If your loan interest rate is high, it's smart to prioritize paying that off to prevent the loan size from growing. The S&P 500 returns around 10% on an annualized basis, or 7% after inflation. The interest rate on student loans depends on the type of loan and the individual, and the current federal interest loan rate is 6.53%. If your loan rate is close to or above your investment return, it's a safer bet to prioritize paying off the loan. Bruce Maginn, advisor at Solomon Financial, recommends extending the terms of your repayment plan to spread out payments over a longer period of time, making your monthly payment smaller. This frees up cash for living expenses, retirement savings, and other financial goals. "If your monthly payment is so much that you can't make your payments on time, you'll have late payments, and that's going to create a negative impact on your credit score," Maginn said. "So the next time you go to get a car loan, instead of paying 2 to 5%, it may be 18%." Kaplan suggests looking into refinancing your student loans for a lower interest rate, if possible. "If your credit is good, you can refinance a private loan with a different lender," Kaplan said. She suggests looking into private lenders like SoFi and Earnest. "If you can get that private loan from 15 to 18% interest down to 6%, that massively reduces your monthly payment and the overall cost of the loan, thereby freeing more money up for retirement savings," Kaplan said. Prioritize your 401(k) contributions Take advantage of your company's retirement benefits, Maginn recommends. For those who are too aggressively focused on paying down their student loans, they can miss out on contributing to their employer-sponsored retirement plan, and most importantly, getting the employer match, which can often be 5 to 6%, Maginn said. That's when, once again, it's helpful to extend the time horizon of your payment plan and pay smaller amounts each time. Your employer might also be able to help you pay down your loans. Under current law, employers can provide up to $5,250 in annual student loan repayment assistance. Under the SECURE Act 2.0, employers can offer a 401(k) match even if you're not contributing to your retirement account, as long as you're making student loan payments. Not all employers will offer this, but check in with your HR manager to see what benefits you might be eligible for.
Dominion Post
07-05-2025
- Sport
- Dominion Post
WVU men's hoops adds incoming freshman Jayden Forsythe
MORGANTOWN — The West Virginia Mountaineers basketball program has added another commitment from West Chester (Pa.) Westtown School 2025 guard Jayden Forsythe. Forsythe, 6-foot-5, 190-pounds, picked the Mountaineers over a long list of scholarship offers including Xavier, Illinois, Virginia Tech, Texas A&M, Penn State, Northwestern, Wake Forest and a number of others. The three-star prospect was initially committed to Xavier from September until late March when he requested his release from the Musketeers. A smart, skilled guard Forsythe is one of the better three-point shooters in the 2025 class. Forsythe was the only player on the EYBL circuit to shoot over 40% from 3-point range on 75-plus 3-point attempts. He averaged 9.5 points per game for Team Final at the Peach Jam this past summer, while shooting 39% from three-point range. Forsythe took an official visit to Morgantown May 3-4 after previously visiting Tulane April 29-30. That was enough to close the door on his recruitment by committing to the Mountaineers. 'I have everything I need to be successful at the next level,' he said. 'It's also in one of the best conferences in America in the Big 12.I'm excited to get to work.' Forsythe has his complete complement of eligibility remaining in his career. The 2025 guard is the latest addition to the roster joining fellow 2025 forward prospect DJ Thomas as well as eight other transfer additions since Ross Hodge took over the program. West Virginia is now up to 10 players in total on the 2025-26 roster with the coaching staff still looking to address other needs in the coming weeks. — Story by Keenan Cummings
