Latest news with #Hawthorne
Yahoo
a day ago
- Business
- Yahoo
The Scotts Miracle-Gro Company (SMG): A Bull Case Theory
We came across a bullish thesis on The Scotts Miracle-Gro Company (SMG) on TSOH Investment Research's Substack. In this article, we will summarize the bulls' thesis on SMG. The Scotts Miracle-Gro Company (SMG)'s share was trading at $57.31 as of 2nd June. SMG's trailing and forward P/E were 98.81 and 12.38 respectively according to Yahoo Finance. An aerial view of a large, luxurious home with manicured gardens. Scotts Miracle-Gro (SMG) presents a compelling turnaround opportunity as it shifts focus back to its core U.S. Consumer lawn and garden business after years of missteps, particularly the overextension into the cannabis-adjacent Hawthorne segment. With the Hawthorne spin-off largely complete—and SMG retaining 95% of future upside from a potential transaction—the company is now prioritizing operational discipline and shareholder returns. CEO Jim Hagedorn has acknowledged past errors and is guiding SMG toward a leaner capital structure, with leverage targeted around 3.25–3.5x, a notable shift from its previously aggressive acquisition strategy. The core business is showing renewed momentum, with 12% unit growth in 1H FY25 and 9% growth in FY24, driven by promotional support and strategic retailer alignment. This volume-driven growth, while impacting near-term pricing power, sets the stage for operating leverage and improved margins. Management is targeting $700 million in EBITDA by FY27 and plans to return capital to shareholders through dividends and buybacks, potentially reducing the share count by over 5% annually. At ~12x EV/EBIT, the stock appears undervalued relative to its normalized earnings power and improved strategic direction. If SMG can deliver on its volume and margin recovery plan while maintaining disciplined capital allocation, the stock offers attractive upside potential driven by earnings growth, deleveraging, and capital returns. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of their of Ally Financial Inc. (ALLY). The Scotts Miracle-Gro Company (SMG) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held SMG at the end of the first quarter which was 33 in the previous quarter. While we acknowledge the risk and potential of SMG 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. 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
24-05-2025
- Yahoo
Poplar man charged with fifth OWI following rollover
May 23—HAWTHORNE — A vehicle rollover in the town of Hawthorne led to the arrest of a Poplar man for allegedly driving a vehicle while intoxicated a fifth time. Nicholas Fredrick Krivinchuk, 36, faces felony counts of fifth-offense operating a motor vehicle while under the influence, and operating a motor vehicle without the owner's consent, as well as one misdemeanor count of operating while revoked. He made his initial appearance in Douglas County Circuit Court May 21. A cash bond of $5,000 was set for Krivinchuk. He was ordered not to use or possess alcohol and not to operate a motor vehicle without a valid license or permit. He remained in custody at the Douglas County Jail May 23. Douglas County sheriff's deputy Elijha Newton responded to a vehicle rollover in the area of South Pine Road and East County Road B on May 20, according to the criminal complaint. A witness reported that a man wearing dark clothing and black backpack walked away from the vehicle after the crash. Another witness reported a man in the middle of the road trying to get a ride. Newton found Krivinchuk, who matched the description, getting into a stopped truck. When the deputy asked Krivinchuk where he was coming from, Krivinchuk reportedly said "C'mon, Newton, you know, the scene of the crash" and pointed in the direction of the crash. Krivinchuk had bloodshot, glassy eyes, slurred speech and an odor of intoxicants, the charges allege. The owner of the crashed vehicle told authorities that Krivinchuk had been staying with him, and did not have permission to take the vehicle. Department of Transportation records show that Krivinchuk has four prior convictions for operating while intoxicated, the complaint said. The most recent was in 2010. The most serious charge, fifth-offense operating while intoxicated, carries a maximum penalty of 10 years of imprisonment and a fine of up to $25,000. Krivinchuk's next court appearance was set for March 26.
Forbes
24-05-2025
- Automotive
- Forbes
Tesla's Mission
HAWTHORNE, CALIFORNIA - MAY 2: Tesla cars are seen parked and charging at a Tesla Supercharger on ... More May 2, 2025 in Hawthorne, California. (Photo by Jay) What became of Tesla's (NASDAQ:TSLA) original mission - to catalyze the world's transition to sustainable energy and reinvent transportation from the ground up? What once sounded like a pipe dream became a bold, stepwise strategy: start with a sports car, use that money to build affordable EVs, and power it all with clean energy. That mattered. It still does. Why? One number captures it all. 66% Yes, 66% is the fraction of oil that's used in transportation. See U.S. Oil Consumption By Sector. Think of that. If all cars ran on electricity, petroleum consumption would collapse by nearly half. The remainder, jet fuel, and harder-to-solve use cases would come soon after. This was always part of Tesla's original master plan: target the heart of oil demand first. Separately, see how Apple Stock Can Get Back To $250, Even With Tariffs. This is why Tesla still matters. Electrifying transport isn't just a cool technology trend - it's a direct assault on the world's biggest source of oil consumption. This was step one of what Tesla originally envisioned: 'Create a low-volume, expensive car, which would fund development of a medium-volume, lower-cost car' and scale EV adoption in lockstep. While the company's mission has been bold, the stock has been very volatile. If you are looking for potential upside with less volatility than a single stock, consider the High-Quality portfolio, which has outperformed the S&P 500 and delivered returns exceeding 91% since its inception. Look at the two pictures below. Air pollution in the U.S. during Covid-19. That's the first picture. And the second one is business as usual. Air pollution in the U.S. during Covid-19 Air pollution in the U.S. before Covid-19 Night and day. It's as if we're living in a world shrouded by carbon emissions, and oblivious. But there's something even simpler: getting close to 100% EV adoption in America is still within Tesla's reach. Why? Because Tesla has approached the mission the right way - 'Don't tell people - show them.' It demonstrated the viability of EVs, while making them affordable and desirable. Think: Tesla's EVs can scale in autos. In the same way, Apple's iPhones scaled in mobile phones. Before iPhones, more than 90% of mobile phones were feature phones - yes, they existed. They were everywhere, Motorola Razors, Nokias. They didn't even have internet browsing. EVs as a segment can grow to become all autos. But Tesla's goal wasn't just to build great cars - it was to show that great cars could be electric. That's how segments shift . This was always bigger than one company - it was about proving a model others could follow. Tesla never set out just to make cool cars - it set out to end the era of fossil fuels. The company's 2006 Master Plan was shockingly simple yet revolutionary: The mission was designed around energy efficiency. EVs convert nearly 90% of electrical energy into motion, while internal combustion engines waste a huge chunk of fuel energy as heat and friction. That's not marginal - it's transformative. Even when charged from natural gas power plants, EVs still beat gasoline cars in efficiency and emissions. And this doesn't even account for Tesla's ability to run on renewable electricity. Solar and Nuclear - none of these emit CO₂. So as the grid gets cleaner, EVs get cleaner too. Gasoline cars? They stay dirty forever. And Tesla knew this synergy. That's why it didn't stop at the vehicle - it built rooftop solar and Powerwall home batteries as part of a clean, closed-loop energy ecosystem. Tesla even opened its patents to competitors because the goal wasn't monopoly. It was systemic change. That strategy worked. EVs are no longer punchlines - they're surging. But Tesla's mission risks unraveling - not because the goal was flawed, but because the focus has frayed. What began as an all-encompassing energy transition has narrowed into price wars, branding stumbles, and politicized noise. It's happening in China! Roughly 40% of all vehicles sold in China in Q1 2025 were EVs or plug-in hybrids. Tesla, however, is losing ground. Its deliveries in China fell 8% in April, even as the broader EV market grew. Local champions like BYD are producing more vehicles, with more tech, at lower prices. But not in America, where it all started. Where did we lose our edge? Our advantage? Our purpose? Tesla's U.S. market share is also slipping. Despite a record Q1 for EVs overall in the U.S., Tesla's share of the U.S. auto market fell to just 3%, down from highs of about 5%. That's not just market dynamics - it's a brand under pressure. Part of the reason for brand slippage is Elon Musk himself. His political endorsements and polarizing behavior have turned off parts of Tesla's core audience. In Europe, Tesla's April sales plunged - down 62% in the UK, 67% in Denmark, 74% in the Netherlands, and 59% in France - even as EV adoption rose in these countries. Cheap gas isn't helping either. U.S. crude prices have dropped below $60 a barrel, meaning that gas vehicles are getting cheaper to run. That undercuts one of the stronger economic cases for going electric. Combine that with a mixed economy, and many customers could start delaying upgrades. Now Musk is back from DOGE business, maybe he'll remember Tesla's bigger energy cause. Growing Tesla from 2 million cars to 20 million cars sold annually is good - good for the environment, good for Tesla, and good for Elon Musk's wealth! Volume brings cost parity. Cost parity brings mass adoption. The master plan wasn't just a memo - it was the business model. There are some tailwinds Tesla could ride on. Trump's tariffs on vehicles could give Tesla an edge due to its sizable domestic manufacturing. A friendly regulatory setup could help Tesla push its autonomous driving features faster to market, giving it a lead over rivals. And don't forget, autonomy was a quietly embedded goal in Tesla's original plan too—reduce accidents, improve utilization, and lower the cost per mile for everyone. With measurable and meaningful metrics like that, there is no reason why Tesla can't be steered in the direction we all want to see. See: Should Tesla Still Be Valued Like a Growth Stock? For investors aiming to reduce the inherent volatility associated with individual stocks like Tesla, there are alternative investment strategies available. The Trefis RV strategy, which has a history of outperforming its all-cap stock benchmark, provides a diversified approach to potentially achieve solid returns. Likewise, the High-Quality portfolio has shown superior performance compared to the S&P 500 with returns that exceed 91% since its initiation, offering potential upside with reduced stock-specific risk.
Yahoo
19-05-2025
- Yahoo
Police search for suspect following Corrigan Square Apartments shooting
CORRIGAN, Texas (KETK) – The Corrigan Police Department is searching for a suspect in a Sunday evening shooting at Corrigan Square Apartments. Officers arrived in the area of 116 Bluebonnet Circle at 11:56 a.m. after receiving reports that a person had been shot and was taken to the hospital. The police department said the victim is currently in stable condition, however, officials have not released their identity. Tyler police investigate fatal shooting of 28-year-old woman 'Preliminary investigation indicates that the shooting stemmed from a dispute between two males over the treatment of the victim's son,' Corrigan PD said. 'At this time, no arrests have been made, and the suspect remains at large.' No arrests have been made at this time, however, the suspect has been identified as 32-year-old Darius Deshaun Hawthorne. He was last seen fleeing the scene in a 2014 white Volkswagen Passat. Police identify suspect after shots fired at Lake Tyler Officials describe Hawthorne as a Black man who is approximately 5'7' and is a known felon who is believed to be armed. Anyone with any information regarding Hawthorne's whereabouts is asked to contact the Corrigan Police Department at (936) 398-2551 or submit an anonymous tip through Polk County Crime Stoppers at (936) 327-STOP. Corrigan PD stated updates on the case will be provided once information becomes available. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Business
- Yahoo
Firex21 Capital Expands into the U.S. Market, Aiming to Revolutionize Asset Management and Investment Strategy
DENVER, CO / / May 13, 2025 / Firex21 Capital, a London-based fintech leader in global asset management, proudly announces its official expansion into the United States. The firm aims to transform how Americans invest by offering institutional-grade financial tools to individuals and small institutions-breaking down long-standing barriers in traditional finance. Founded in October 2020, Firex21 Capital has grown to serve over 100,000 investors globally, delivering stable financial growth and long-term wealth accumulation through its proprietary AstraQuant Intelligent Quantitative Trading System. "We're entering the U.S. not just to compete-but to redefine what financial freedom can look like for everyone," said Oliver Hawthorne, co-founder of Firex21 Capital. Innovation at the Core: AstraQuant Trading System At the heart of Firex21's approach is AstraQuant-an AI-powered system that integrates big data, machine learning, and high-frequency algorithmic trading to: Detect real-time market movements Execute trades using predictive analytics Offer personalized investment plans Optimize asset allocation under changing conditions By combining automation and data science, AstraQuant helps investors make faster, more informed, and more profitable decisions. Strategic U.S. Entry and Global Collaboration Firex21 Capital's U.S. market entry in 2025 marks a key step in the firm's global growth strategy. To support this move, the company is partnering with MavinEx Exchange of Australia, combining technical expertise and advisory strength to better serve American investors. The U.S. division will deliver localized services while maintaining the firm's global perspective-tailoring strategies to the unique financial goals and market realities of American clients. Financial Access for All: Breaking Barriers Firex21 Capital is committed to democratizing finance by: Offering ultra-low commission structures Providing premium-level service regardless of investor asset size Delivering institutional-grade tools to retail investors and small-to-mid-size institutions "We're not just creating returns-we're creating access," said Hawthorne. "Fair finance should be a right, not a privilege." Commitment to Social Responsibility and Sustainability In addition to delivering market value, Firex21 Capital partners with U.S.-based nonprofits and foundations to support: Financial education Environmental initiatives Community development This reflects the firm's belief that finance should be a force for positive, long-term social change. The Firex21 Community: Education Meets Empowerment Firex21 fosters investor growth through its global Firex21 Community-an education and strategy hub offering: Webinars hosted by co-founders Oliver Hawthorne and Theodore Ashcroft Real-time market analysis and quant strategy breakdowns Live trade learning for hands-on investing experience A collaborative environment to build skills and confidence The community ensures that every investor-regardless of experience-can understand and benefit from the AstraQuant system. Looking Ahead: A New Chapter in U.S. Wealth Growth With its expansion into the U.S., Firex21 Capital is poised to become a key player in American asset management. The firm is focused on: Delivering quantitative investment solutions to U.S. households and retirement investors Driving fintech innovation for a rapidly evolving market Ensuring fair, transparent, and sustainable access to global financial growth Why Investors Choose Firex21 Capital Break Down Barriers - Ultra-low fees + elite service = financial equality Quantitative Edge - Proprietary AI-driven AstraQuant system for smarter investing Global Vision, Local Execution - Customised strategies for U.S. investors Purpose Beyond Profit - Commitment to sustainability and financial literacy Ready to Unlock Your Financial Freedom? Join the thousands of investors already transforming their futures with Firex21 Capital. Media Contact: Firex21@ Broadway, Denver, CO 80202 SOURCE: Firex21 Capital View the original press release on ACCESS Newswire
