Latest news with #Langan
Irish Independent
6 days ago
- Business
- Irish Independent
Extra bedroom accommodation space sought at former hotel in Mayo
Ballinrobe Civic Arts & Amenity Company have lodged an application to Mayo County Council to reconfigure the ground floor, first floor and second floor as accommodation space. This includes the addition of two bedroom in the downstairs area formerly occupied by the restaurant. The Valkenburg Hotel had been closed for some time when it was acquired by the Ballinrobe Town Hall Committee in 2020 for €305,000 at public auction in 2020. In 2022, over €4.8 million was committed by the Department of Rural and Community Development under the Rural Regeneration and Development Fund to develop a multi-purpose space capable of providing accommodation and staging major shows and public gatherings. KSN Project Management have been appointed as project design team for the development. It had originally been planned to construct a new two-story town hall facility on a site on The Neale Road before The Valkenburg Hotel was placed on the market. The hotel has stood in Ballinrobe since the 1820s and is listed as a protected structure by Mayo County Council. It is said to have operated the first petrol pumps in the town in the 1920s. The hotel was acquired by the Langan family in 1973, who operated the facility for several decades. As well as a restaurant and six ensuite bedrooms, the Valkenburg also boasts a nightclub and copious public car parking spaces. It has been used for indoor gatherings on a limited basis in recent years. Activities including Irish dancing, yoga, training courses, club meetings, rehearsals, St Patrick's Day celebrations and the Ballinrobe Christmas Market took place there in 2024.
Business Wire
29-04-2025
- Business
- Business Wire
RCI Announces Favoritely.com Rollout to More Clubs
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced continued success beta testing with the social media site now rolled out to management, entertainers and staff at about a third of all of RCI's adult nightclubs. 'The needle is definitely moving in the right direction,' said RCI President and CEO Eric Langan. 'Teams at more clubs are getting behind Favoritely. Site purchases are happening every day. Favoritely is beginning to draw new customers to the clubs, and the platform is proving to be reliable and scalable.' Favoritely enables adult club entertainers and staff to direct message fans, sell them photos and videos, and—unique to other fan platforms—arrange to meet them in the safety of licensed clubs. The site is a joint venture with an existing adult entertainment internet technology company. Langan reported significant progress in phase two of the beta rollout, albeit off a small base, since phase one ended in January: Favoritely has been expanded to 15 more RCI clubs, including seven in the Dallas-Fort Worth area, three in Minneapolis, and two in North Carolina, in addition to the five clubs in Houston and San Antonio that came on board in phase one. Page views have doubled, subscriptions and customer spending have quadrupled, credit card accounts have increased to about 70% from 50% of subscribers, the number of creators has expanded to about 500 from 100, and they are beginning to earn payouts. Langan noted that Rick's Cabaret Fort Worth VIP bartender Armanda 'Barbie' Marin, featured on the hit Paramount+ TV show Landman, has been one of Favoritely's most successful creators to date. Landman is a fictional series about people in the Texas oil and gas industry, featuring many Fort Worth locations, including Rick's. Barbie is in episodes 9 and 10. 'Barbie posts and sells good content on a regular basis,' said Langan. 'She tells guests at the club about Favoritely. We believe guests who know her are coming back more frequently and new guests are coming in to meet her. It's a win-win for everybody, with Barbie, the club, and Favoritely all benefiting.' The mobile friendly site is free to sign-up for customers as well as adult club entertainers and staff. Customers, who must be at least 18 years old, can follow and subscribe to as many creators as they like. Adult club entertainers and staff can charge what they want, with monthly subscriptions currently running at about $4-$5; earn 80% of their sales; and receive bonuses for signing up new creators. All major credit cards are accepted. Media Note: High resolution logos and photo are available here About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars-restaurants. See all of our brands at Forward-Looking Statements This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the Company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
Globe and Mail
25-04-2025
- Automotive
- Globe and Mail
‘Curb Your Enthusiasm,' Says Wells Fargo About Tesla Stock
Tesla (NASDAQ:TSLA) shares jumped 5% on Wednesday, but don't let the green fool you, the Q1 2025 earnings report was anything but pretty. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Investors had already braced for bad news after Tesla revealed a record-breaking plunge in deliveries earlier this month. Still, the EV giant underwhelmed, falling short of expectations that had already been dragged down. Revenue fell 9.2% year-over-year (including a 20% drop in auto revenue) to $19.34 billion, missing the Street's call by $2.07 billion. Adjusted income fell by 39%, resulting in adjusted EPS of $0.27 – $0.15 below consensus. Net income, the most stringent measure of profitability, plunged 71% compared to the same period last year. Tesla's bottom line was buoyed by $595 million in zero-emission tax credit sales; without that boost, the company would have reported a loss. Tesla's CFO attributed the weak Q1 deliveries to factory retooling, which limited the availability of the refreshed Model Y in most markets and forced the company to sell the older version instead. He also cited growing political hostility toward the brand as a contributing factor. But the market's initial reaction to what can only be described as a disaster quarter was a positive one. And that is purely down to the fact CEO Elon Musk said that he'll be spending less time at DOGE, assuaging investor fears he has lost interest in running Tesla since taking on his controversial role in the Trump administration. Musk also said the affordable model launch remains on schedule despite contrary media reports. The company also stated that the Robotaxi rollout in Austin is still set for June. Still, not everyone's buying the optimism. Wells Fargo's Colin Langan sees the bounce as short-lived. 'We expect the stock to fade with poor results, cut delivery guide, tariffs headwinds (high on Energy Gen) & disappointment the affordable model is largely a cheaper Model Y,' the analyst opined. Langan also believes the demand issues aren't abating, noting: 'While factory ramp-up hurt Q1, the post-ramp data isn't encouraging. The new Model Y is already piling up in inventory, delivery times are short, and prices are falling. In California, Q1 registrations were down 15%. In China, Tesla's leaning hard into aggressive financing promos.' In addition, given the tight timeline, limited testing, and potential constraints of a vision-only system, Langan thinks there is a risk that the June Robotaxi launch in Austin could 'underwhelm.' When he raised concerns with Musk about handling glare – a 'top vision-only concern' – the CEO explained that the camera system uses direct photon counting, effectively bypassing the traditional image sensor. 'We'll see how AV experts respond to his first technical answer on the matter,' Langan said. 'We are skeptical given reports some FSD owners are told to take control due to front cameras glare.' Langan's stance on Tesla stock is even more cautious. The analyst rates TSLA an Underweight (i.e., Sell), while lowering his price target from $130 to $120, implying a potential downside of 52% in the coming months. (To watch Langan's track record, click here) He's not the only bear in the room. 11 other analysts also carry a Sell rating on TSLA. Add to that 16 Buys and 11 Holds, and the broader consensus lands at Hold (i.e., Neutral). However, the average price target stands at $286.66, suggesting a potential 14% gain over the next 12 months. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Yahoo
24-04-2025
- Business
- Yahoo
Veradigm interim CEO to leave company
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Veradigm's interim CEO will leave the company after a little more than a year in the chief executive role, the health IT company said in a securities filing Tuesday. Tom Langan will step down on July 31. The company has begun a search to find a permanent CEO, and Langan declined to participate as a candidate in the process, Veradigm said in the filing. The health IT firm also extended its employment agreement with interim CFO Lee Westerfield through the end of the year. Langan has been a company leader at Veradigm, formerly named Allscripts, since 2018. He also served as the firm's president and chief commercial officer. Langan will receive $1.4 million, his base salary for the year plus a target annual bonus, as well as $406,000 based on performance and reimbursement of attorneys' fees for negotiating the separation agreement, according to the securities filing. A Veradigm spokesperson declined to comment on why Langan is leaving the company, or if there's an estimate as to when the CEO search process could be complete. Langan's departure serves as another leadership shakeup for Veradigm. He started as interim CEO in June last year, about six months after the board asked for and received resignations from the company's previous chief executive and chief financial officers. At that time, the company had been struggling for months to file financial reports due to 'internal control failures,' which eventually led to Veradigm being delisted from Nasdaq in early 2024. After the company was removed from the stock exchange, the firm explored strategic alternatives like a sale or a merger, but Veradigm ended its review early this year without a deal. However, the health IT company has recently made progress on its delayed financial reports. Last month, Veradigm issued its full year report for 2022, as well as restated filings for 2020, 2021 and the first three quarters of 2022. Before the release, Veradigm hadn't reported its annual or quarterly financials to regulators since November 2022. The health IT vendor also released unaudited financial ranges for 2023 and 2024, and guidance for 2025 in March. However, executives said last month Veradigm likely won't be current on its financial reporting until sometime in 2026. Recommended Reading Veradigm releases long-awaited financial results Sign in to access your portfolio
Business Insider
24-04-2025
- Automotive
- Business Insider
‘Curb Your Enthusiasm,' Says Wells Fargo About Tesla Stock
Tesla (NASDAQ:TSLA) shares jumped 5% on Wednesday, but don't let the green fool you, the Q1 2025 earnings report was anything but pretty. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Investors had already braced for bad news after Tesla revealed a record-breaking plunge in deliveries earlier this month. Still, the EV giant underwhelmed, falling short of expectations that had already been dragged down. Revenue fell 9.2% year-over-year (including a 20% drop in auto revenue) to $19.34 billion, missing the Street's call by $2.07 billion. Adjusted income fell by 39%, resulting in adjusted EPS of $0.27 – $0.15 below consensus. Net income, the most stringent measure of profitability, plunged 71% compared to the same period last year. Tesla's bottom line was buoyed by $595 million in zero-emission tax credit sales; without that boost, the company would have reported a loss. Tesla's CFO attributed the weak Q1 deliveries to factory retooling, which limited the availability of the refreshed Model Y in most markets and forced the company to sell the older version instead. He also cited growing political hostility toward the brand as a contributing factor. But the market's initial reaction to what can only be described as a disaster quarter was a positive one. And that is purely down to the fact CEO Elon Musk said that he'll be spending less time at DOGE, assuaging investor fears he has lost interest in running Tesla since taking on his controversial role in the Trump administration. Musk also said the affordable model launch remains on schedule despite contrary media reports. The company also stated that the Robotaxi rollout in Austin is still set for June. Still, not everyone's buying the optimism. Wells Fargo's Colin Langan sees the bounce as short-lived. 'We expect the stock to fade with poor results, cut delivery guide, tariffs headwinds (high on Energy Gen) & disappointment the affordable model is largely a cheaper Model Y,' the analyst opined. Langan also believes the demand issues aren't abating, noting: 'While factory ramp-up hurt Q1, the post-ramp data isn't encouraging. The new Model Y is already piling up in inventory, delivery times are short, and prices are falling. In California, Q1 registrations were down 15%. In China, Tesla's leaning hard into aggressive financing promos.' In addition, given the tight timeline, limited testing, and potential constraints of a vision-only system, Langan thinks there is a risk that the June Robotaxi launch in Austin could 'underwhelm.' When he raised concerns with Musk about handling glare – a 'top vision-only concern' – the CEO explained that the camera system uses direct photon counting, effectively bypassing the traditional image sensor. 'We'll see how AV experts respond to his first technical answer on the matter,' Langan said. 'We are skeptical given reports some FSD owners are told to take control due to front cameras glare.' Langan's stance on Tesla stock is even more cautious. The analyst rates TSLA an Underweight (i.e., Sell), while lowering his price target from $130 to $120, implying a potential downside of 52% in the coming months. (To watch Langan's track record, click here) He's not the only bear in the room. 11 other analysts also carry a Sell rating on TSLA. Add to that 16 Buys and 11 Holds, and the broader consensus lands at Hold (i.e., Neutral). However, the average price target stands at $286.66, suggesting a potential 14% gain over the next 12 months. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
