Latest news with #Frisch
Yahoo
03-07-2025
- Business
- Yahoo
Why Block Stock Zoomed 10% Higher in June
Analysts were generally bullish on the company during the month. It also demonstrated that it's innovating in the product sphere with a new handheld device. 10 stocks we like better than Block › Block (NYSE: XYZ) had a decent, if unspectacular, June, ultimately emerging from the month with a 10% gain in share price. A product launch in an important market overseas, announced as we approached July, was a catalyst, as were several positive analyst notes across the preceding weeks. In the opening days of the month, Block earned a recommendation upgrade from Evercore ISI, whose analyst Adam Frisch ticked up his rating to outperform (buy, in other words) from in line (hold). With that, he also substantially increased his price target to $75 per share from the former $58. According to reports, Frisch's move was based on several factors, including the lack of more aggressive -- and therefore risky -- company lending to customers of its popular Cash App. The analyst also said that low-end consumer spending trends were holding steady; these support the small and mid-sized businesses that typically use the company's Square point-of-sale payment system. Frisch was also heartened by new product rollouts from the company in both the hardware and software realms. In terms of the stock's valuation, the pundit wrote that it was cheap on several metrics when matched against peer fintech companies. This positive tone was matched by several other Block-watching analysts during the month. While none went so far as to change their recommendation like Frisch, several either reiterated their existing bullish takes or raised their price targets. Among the latter was Barclays's Ramsey El-Assal, who pushed his fair value assessment higher, to $75 per share from $57. He also maintained his overweight (buy) recommendation. Block did take a bit of a hit to its stock price when a Wall Street Journal article stated that top U.S. retailers were exploring ways to process stablecoin payments. Much of this has to do with saving fees charged by companies like Block and credit card processors for transactions effected through their networks. The mood seemed to change when Block announced the rollout of its recently introduced Square Handheld to the U.K. market. This is a point-of-sale device that looks (and in some ways acts) like a smartphone. Given its form factor and the payment software packed inside, it's ideal for restaurants, a crucial Block customer demographic. Block has always been a strong performer in the transaction management space, particularly within its wheelhouse of small and mid-sized businesses. But it's something of a wild card since it likes to plunge into other related finance segments in a way that feels almost haphazard. Its embrace of cryptocurrencies, for example, feels less than careful and has introduced a significant degree of risk. With that wild card quality, I would personally shy away from the stock. I feel there are other titles in the fintech space more worthy of consideration. Before you buy stock in Block, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Block wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy. Why Block Stock Zoomed 10% Higher in June was originally published by The Motley Fool 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
Yahoo
11-06-2025
- Business
- Yahoo
A medical marijuana dispensary could soon be opening at this Lexington location
In our In the Spotlight stories, Herald-Leader journalists bring you continuing coverage of news and events important to our Central Kentucky community. Read more. Story idea? hlcityregion@ A former Frisch's Big Boy in Lexington's popular Hamburg shopping district could soon be the site of a medical marijuana dispensary complete with a drive-thru and knowledgeable budtenders ready to answer questions. That's according to Casey Flippo and Sean Clarkson, the two Arkansas entrepreneurs behind the project, who spoke to the Herald-Leader in a June 3 interview. In 2021, the two founded Dark Horse Cannabis, where Flippo is the CEO, and Clarkson, the chief financial officer. The establishment comes as the private sector mobilizes following Kentucky's launch of a medical marijuana program earlier this year. The state's Office of Medical Cannabis has awarded limited but transferable licenses for production and sales, and as of Jan. 1, qualifying Kentuckians can apply for a medical cannabis card. Recreational marijuana use remains illegal in Kentucky. Flippo said the process for demolishing the interior of the former restaurant, situated in a shopping center between Sir Barton Way and Man O' War Boulevard, has already begun. It's located at 1849 Alysheba Way. 'We have been seeking permitting approval with the city of Lexington,' Flippo told the Herald-Leader, adding the plan is to 'open the doors mid-November at that facility.' The 5,500-square-foot dispensary wants to offer 'compassionate care' discounts to qualifying patients, Flippo said. There's also potential to accept online orders for pick up via the drive-thru, so patients 'never have to get out of the car,' Clarkson added. 'It's a quick and easy process for our patients, especially those that are handicapped in some way, or elderly,' Clarkson said. Clarkson anticipates patients will likely want to meet with dispensary staff in-store at least initially after its opening for questions about products and their use. 'As they're getting familiar with the product availability, they're going to want to talk to budtenders,' Clarkson said. 'I believe that we will probably end up employing somewhere between 30 and 40 individuals,' at the site, Flippo added. The idea is for staff to be 'extremely knowledgeable about the medicinal applications and appropriate use of the cannabis that's being dispensed,' Flippo said. That said, there will likely be many obstacles to clear before the business can open its doors to the public. 'It's historically pretty challenging to prop up cannabis markets' quickly, Flippo said. Chief among the obstacles: finding a supplier who can stock the dispensary's shelves with products. Kentucky's medical cannabis program only allows for edibles, oils, tinctures, vapes and raw plant material. State law requires the plant material, which must be produced and tested in the commonwealth, to be vaped — not smoked. Raw plant material packaged in Kentucky must be labeled 'not intended for consumption by smoking.' State rules also require medical marijuana cultivators to stand up secure, indoor facilities for growing, cultivating and harvesting the plants. The state's first medical cannabis cultivator broke ground on a facility in Monticello this spring. In Winchester, Cresco Labs cut the ribbon in April on a cultivation facility that promises to be the one of the state's largest. Phase one construction on that facility, which includes a 5,000-foot plant canopy, is expected to be completed by the fall. 'We believe … that the market should be set to open sometime in late Q4 of this year,' Flippo said, adding his dispensary is targeting an opening during that window. KYLX Acquisition Company LLC now holds the state license for the dispensary planned at 1849 Alysheba Way in Lexington. KYLX recently acquired it from ZenLeaf LLC, which was the original licensee awarded via a state lottery held last year. Kentucky held series of state-run lotteries last fall to award medical cannabis business licenses. The lottery to award Fayette County's two dispensary licenses was held in December. In April, Kentucky Auditor Allison Ball announced a probe into the lottery process amid ongoing concerns out-of-state companies with deep pockets were able to flood it with applications, thus tilting it in their favor. Dark Horse was identified as one of those companies in a series by Louisville Public Media, which also found Clarkson had ties to 350 of the new businesses created in the month leading up to the application deadline. Asked for his response to concerns about too few Kentucky hemp farmers being awarded licenses, Flippo said he was 'very sympathetic' to those who did not win, especially given the application fees were thousands of dollars and were not refundable. Ultimately though, Flippo defended the process for awarding the business licenses. 'Our experience with the [Office of Medical Cannabis] and the governor's office was nothing short of spectacular. I think that they put a phenomenal program together,' Flippo said. In working with the Office of Medical Cannabis, Flippo said, 'I would argue that it's probably one of the most successful cannabis market launches in the U.S.' Herald-Leader reporter Janet Patton contributed to this story. Do you have a question about Lexington or Kentucky for our service journalism team? We'd like to hear from you. Fill out our Know Your Kentucky form or email ask@
CNBC
03-06-2025
- Business
- CNBC
Evercore ISI says this beat-down fintech stock can stage a recovery rally
Evercore ISI turned bullish on Block , citing enough positive indicators on business fundamentals despite a rough patch for shares. Analyst Adam Frisch upgraded shares of the financial technology platform to outperform from in line and hiked his price target by $17 to $75. Frisch now expects shares can jump 21.4% over Monday's close. One driver of the upgrade is that the Cash App platform won't be as aggressive on lending as originally expected following first-quarter earnings. Frisch initially believed that lending could be used to offset lower numbers, but conversations with contacts soothed those concerns. He noted that the company doesn't absorb all of the losses as they are diversified within a broader group of investors. "When we heard mgmt talk about their plans to increase lending to new consumers in new states and with higher limits on the 1Q25 earnings call, we admittedly got very worried that the strategy to get more aggressive on lending to offset lower spending levels would lead to significant losses in 2H25 and potentially beyond," Frisch wrote to clients in a Tuesday note. "However, we were left more positive after speaking to management about XYZ's various funding sources across its lending portfolio." Frisch also said the lower-end consumer is showing steady spending trends despite macroeconomic uncertainty. Additionally, he said new product releases can aid growth going forward and noted that valuation is still attractive despite the stock's recent pop. With this call, Frisch is in the majority of Wall Street analysts with buy-equivalent ratings, according to LSEG. His price target also went from below to above average, per the market data provider. XYZ YTD mountain Block in 2025 Block shares added more than 3% in Tuesday's premarket. Despite a bounce of more than 5% last week, the stock has still plunged more than 27% in 2025.
Yahoo
10-05-2025
- Yahoo
Woman arrested for animal cruelty in St. Landry Parish
ST. LANDRY PARISH, La. (KLFY) — In St. Landry Parish, more than a dozen animals are safe and receiving proper care after their owner was arrested on multiple counts of animal cruelty. Parish President Jessie Bellard shared what kinds of animals were rescued and the cruel conditions they were living in. 'Horses, cows, there's goats, there's sheep and hogs and chickens and everything else.' Bellard said. 'Everything was just in mud, and they didn't have nothing. They're very skinny. Malnutrition. Haven't gotten the proper vet care.' The woman arrested is Khouri Frisch who Bellard said has been the subject of multiple complaints over the past few months. Frisch, who owned a business involving the animals, is alleged to have kept them in a muddy area with little to no food or water. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Jody Mosser, Frisch's neighbor, said he has repeatedly reached out to authorities regarding the poor conditions the animals were kept in. 'And the conditions never improved. They just kept adding animals and adding animals.' Mosser said. With continued complaints and proper evidence, Bellard said parish investigators were able to arrest Frisch and bring all the animals to a safe shelter where they can receive the care they need. 'We've charged her with 14 counts of cruelty, one count of aggravated cruelty, which is a felony.' Bellard said. 'If you're going to have animals and you want to do this type of work, then you've got to care for them. And this is not the proper place. It's not the proper shelter. And if you don't give the proper care, people are going to complain and we're going to do our job.' Frisch was booked into the St. Landry Parish Jail. Breaux Bridge family seeks justice after fatal hit and run Showers Over the Mother's Day Weekend, Next Week Will Be Hotter & Drier… Woman arrested for animal cruelty in St. Landry Parish Women's & Children's Hospital start construction May 12 Bessent urges Congress to act on debt limit by mid-July Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
02-05-2025
- Business
- Globe and Mail
PayPal Holdings (PYPL) Gets a Hold from Evercore ISI
In a report released yesterday, Adam Frisch from Evercore ISI maintained a Hold rating on PayPal Holdings (PYPL – Research Report), with a price target of $65.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Frisch is a 2-star analyst with an average return of 15.7% and a 100.00% success rate. Frisch covers the Technology sector, focusing on stocks such as Shift4 Payments, Block, and Toast Inc. In addition to Evercore ISI, PayPal Holdings also received a Hold from UBS's Timothy Chiodo in a report issued yesterday. However, on the same day, Barclays maintained a Buy rating on PayPal Holdings (NASDAQ: PYPL). Based on PayPal Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.79 billion and a net profit of $1.29 billion. In comparison, last year the company earned a revenue of $7.7 billion and had a net profit of $888 million Based on the recent corporate insider activity of 34 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 PYPL in relation to earlier this year. Most recently, in February 2025, Gail Mcgovern, a Director at PYPL sold 2,446.00 shares for a total of $176,478.90.
