Latest news with #PBI
The Herald
26-05-2025
- Politics
- The Herald
MEC removes Knysna speaker Skosana as a councillor
Western Cape local government MEC Anton Bredell has removed Knysna speaker Mncedisi Skosana as a councillor. Bredell announced his decision on Friday in a letter to Knysna mayor Thando Matika and municipal manager Lulamile Mapholoba. In April 2023, the provincial local government department established an investigative committee to examine multiple allegations against councillors and provide recommendations. The investigation followed a council resolution in 2022 to create seven support staff positions in the offices of Aubrey Tsengwa, Alberto Marbi and Skosana. The investigation recommended that Skosana, former mayor Tsengwa and deputy mayor Marbi, of the PBI, be removed from office. Bredell has also ordered Skosana to repay 20% of all allowances he received as a councillor and speaker. Bredell first requested the three to make representations to him on the recommendations, before taking action. Tsengwa and Marbi both resigned as councillors to avoid Bredell's sanctions. In his letter, Bredell said that the council resolution of the meeting of September 16 2022 to create support staff positions in the offices of the mayor, deputy mayor and speaker for political appointees breached the code of conduct for councillors. 'It is critical to state that as a councillor, Skosana was obliged to perform his functions honestly, in good faith, acting, at all times, in a transparent manner and in the best interests of the municipality, to ensure that the integrity and credibility of the municipality is not compromised,' Bredell wrote. 'In relation to the sanctions as recommended by the committee, and the seriousness of the infringement committed by your client, I concur to the sanction of removal as councillor. 'In addition, as to the recommendations of the fines by the committee, I resolve to impose a total fine of 20% of councillor Skosana's month's allowance which should be deducted from monies due and payable to him.' ANC Knysna regional spokesperson Moyisi Magalela noted the ruling delivered by Bredell and the findings of the investigation. 'We are currently studying the contents of the report and its implications, and we will engage with our legal representatives to consider all appropriate steps forward. 'It is important to note that Mr Bredell is a senior politician and a member of the DA. 'In light of this, we question the objectivity and impartiality of the investigation and its outcomes,' Magalela said. 'It is our considered view that the DA has continuously sought to destabilise the municipality, which is currently governed by a progressive coalition committed to service delivery and clean governance.' Meanwhile, DA Knysna constituency head Ryan Smith welcomed the decision. 'Councillor Skosana's dismissal comes as a result of the DA Knysna caucus's tireless multiyear fight to combat maladministration and corruption in our town. 'This included alerting the provincial department of local government of severe governance irregularities and misconduct under the ANC, PA, EFF, PBI coalition of corruption,' Smith said. The Herald
Yahoo
22-05-2025
- Business
- Yahoo
3 Stocks Under $10 Skating on Thin Ice
Stocks trading in the $1-10 range are generally smaller players with less risk than their penny stock counterparts. But that doesn't mean the underlying businesses are cheap, and we advise caution as many have questionable fundamentals. The bad behavior exhibited by lower-quality companies in this space can spook even the most seasoned professionals, which is why we started StockStory - to separate the good from the bad. That said, here are three stocks under $10 to swipe left on and some alternatives you should look into instead. Share Price: $8.93 Founded in 1883, Leggett & Platt (NYSE:LEG) is a diversified manufacturer of products and components for various industries. Why Do We Think LEG Will Underperform? Sales tumbled by 1.5% annually over the last five years, showing consumer trends are working against its favor Performance over the past five years shows each sale was less profitable as its earnings per share dropped by 15.7% annually, worse than its revenue Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions At $8.93 per share, Leggett & Platt trades at 8x forward P/E. Dive into our free research report to see why there are better opportunities than LEG. Share Price: $10.11 With a century-long history dating back to 1920 and processing over 15 billion pieces of mail annually, Pitney Bowes (NYSE:PBI) provides shipping, mailing technology, logistics, and financial services to businesses of all sizes. Why Does PBI Worry Us? Sales tumbled by 9% annually over the last five years, showing market trends are working against its favor during this cycle Lacking free cash flow generation means it has few chances to reinvest for growth, repurchase shares, or distribute capital Low returns on capital reflect management's struggle to allocate funds effectively To fully understand why you should be careful with PBI, check out our full research report (it's free). Share Price: $1.14 Founded in 1968, TPI Composites (NASDAQ:TPIC) manufactures composite wind turbine blades and provides related precision molding and assembly systems. Why Do We Steer Clear of TPIC? Customers had second thoughts about committing to its offerings over the past two years as its billings averaged 11.5% declines Eroding returns on capital from an already low base indicate that management's recent investments are destroying value EBITDA losses may force it to accept punitive lending terms or high-cost debt TPI Composites's stock price of $1.14 implies a valuation ratio of 1x forward EV-to-EBITDA. Dive into our free research report to see why there are better opportunities than TPIC. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. 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
13-05-2025
- Business
- Yahoo
Why Pitney Bowes (PBI) is a Top Dividend Stock for Your Portfolio
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Headquartered in Stamford, Pitney Bowes (PBI) is a Computer and Technology stock that has seen a price change of 28.18% so far this year. The mailing equipment and software company is paying out a dividend of $0.06 per share at the moment, with a dividend yield of 2.59% compared to the Office Automation and Equipment industry's yield of 2.52% and the S&P 500's yield of 1.59%. Taking a look at the company's dividend growth, its current annualized dividend of $0.24 is up 20% from last year. Pitney Bowes has increased its dividend 1 times on a year-over-year basis over the last 5 years for an average annual increase of 1.05%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, Pitney Bowes's payout ratio is 27%, which means it paid out 27% of its trailing 12-month EPS as dividend. PBI is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2025 is $1.25 per share, representing a year-over-year earnings growth rate of 52.44%. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that PBI is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pitney Bowes Inc. (PBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
New York Post
10-05-2025
- Entertainment
- New York Post
Golf legend Greg Norman details terrifying flight as windscreen shatters after ‘loud pop'
Greg Norman's latest flight may have been scarier than any situation he ever encountered on the golf course during his legendary career. The 70-year-old Australian revealed on his Instagram account how the windscreen on his private plane 'shattered' in a terrifying moment during a recent flight originally intended to go from California to Florida. The Shark indicated no further damage occurred beyond the windscreen. Advertisement 4 The plane windshield cracked. @shark_gregnorman/Instagram 'Inflight LAX – PBI loud pop = shattered windscreen,' Norman posted Friday. 'Only the second time in 40yrs of private travel. Returned to LAX to the professionals to make sure all ok. Thanks all.' Norman posted four photos from the scary scene to his account, with the first showing the glass in the cockpit shattered and exposing an additional layer. Advertisement The two-time Majors champion also included shots of firetrucks and other emergency vehicles, along with a photo of him posing with firefighters. Norman has long used private planes for traveling, telling Business Jet Journal in 2020 how he considered joining the Air Force before embarking upon his golf career. 4 Norman is posing with the responders. @shark_gregnorman/Instagram He bought a Jetstar in 1988 for $1 million, he told the outlet, and felt like the 'king of the hill' when flying it. Advertisement The world's former No. 1 has endured flying scares over the years, including 2012 at the Omega Masters Open when his plane malfunctioned while landing. However, he previously said those harrowing moments don't worry him. 4 Firetrucks on the scene. @shark_gregnorman/Instagram 'No. It's part of flying—or of driving a car or swimming in the ocean—it's part of life,' Norman told Business Jet Journal. 'If your number comes up, your number comes up.' Advertisement Norman starred on the links in the 1980s and 1990s, winning 20 PGA Tour events during his career. He recently served as the CEO of LIV Golf before being ousted for Scott O'Neil this past January. 4 Greg Norman posted these photos to his Instagram account. @shark_gregnorman/Instagram 'When we launched LIV Golf, there was no one that made more sense to lead the organization other than Greg Norman,' LIV Golf's board chairman said Yasir Al-Rumayyan. 'I thank him for everything he has done to establish, launch and grow our league. He has been instrumental to LIV's success.'
Yahoo
08-05-2025
- Business
- Yahoo
Pitney Bowes (NYSE:PBI) Misses Q1 Sales Targets, But Stock Soars 5.9%
Shipping and mailing solutions provider Pitney Bowes (NYSE:PBI) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 40.6% year on year to $493.4 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.98 billion at the midpoint. Its non-GAAP profit of $0.33 per share was 22.2% above analysts' consensus estimates. Is now the time to buy Pitney Bowes? Find out in our full research report. Pitney Bowes (PBI) Q1 CY2025 Highlights: Revenue: $493.4 million vs analyst estimates of $497.9 million (40.6% year-on-year decline, 0.9% miss) Adjusted EPS: $0.33 vs analyst estimates of $0.27 (22.2% beat) Adjusted EPS guidance for the full year is $1.20 at the midpoint, roughly in line with what analysts were expecting Operating Margin: 20.9%, up from 5% in the same quarter last year Free Cash Flow was -$20.46 million compared to -$32.48 million in the same quarter last year Market Capitalization: $1.64 billion Company Overview With a century-long history dating back to 1920 and processing over 15 billion pieces of mail annually, Pitney Bowes (NYSE:PBI) provides shipping, mailing technology, logistics, and financial services to businesses of all sizes. Sales Growth Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Pitney Bowes struggled to consistently generate demand over the last five years as its sales dropped at a 9% annual rate. This was below our standards and is a sign of lacking business quality. Pitney Bowes Quarterly Revenue Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. Pitney Bowes's recent performance shows its demand remained suppressed as its revenue has declined by 23.4% annually over the last two years. Pitney Bowes Year-On-Year Revenue Growth This quarter, Pitney Bowes missed Wall Street's estimates and reported a rather uninspiring 40.6% year-on-year revenue decline, generating $493.4 million of revenue. We also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
