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Associated Press
2 days ago
- Business
- Associated Press
Old Casino Souvenirs - How Valuable Are They
Get answers at the World's Largest Casino Collectibles Show. 'The annual CCA show is a wonderful opportunity to have old casino treasures and souvenirs of any kind evaluated by those in the know.'— Casino Collectibles Assocation LAS VEGAS, NV, UNITED STATES, June 3, 2025 / / -- For years people have collected casino souvenirs of all kinds - chips, tokens, or any of the hundreds of items casinos branded for promotional purposes. Some surface from time-to-time in attics, catch-all drawers and estates, prompting the owner to wonder if they may have become valuable. Now there's a wonderful opportunity to have these treasures evaluated by those in the know. Dozens of dealers of casino memorabilia will be on hand for just that service at the World's Largest Casino Chip and Collectibles exhibition, Thursday thru Saturday, June 12-14, at the South Point Hotel and Casino in Las Vegas. People can bring their memento collection to the 32nd annual Casino Collectibles Assocation show to learn a little history the item(s) and a range of value – not an appraisal – from the casino collectibles world. If interested, many dealers are in the market to buy casino collectibles. More About the Show The Casino Collectibles Association 's annual show is open to the public and is a must-see event for anybody who is fascinated by gaming history. The show features the greatest single-location collection of iconic artifacts and mementos that bring casino history, and memories, to life. Many are symbols of past gaming grandeur that are gone or becoming rare; souvenirs from when the casinos wanted customers to pocket their branded keepsakes as reminders of a memorable experience. Things like gaming chips of all denominations, gaming tokens, dice, slot cards, playing cards, matchbooks, ashtrays, menus, dinnerware, swizzle sticks, casino photos, post cards, signs, table felt – just about anything a casino could put its name on. Over 40 worldwide dealers will be on hand to offer attendees the unique opportunity to examine, buy, sell, or trade casino collectibles. Concurrent to the Show, as part of the Casino Collectibles Association's 501 (c) 3 educational requirement, the club hosts four educational seminars which are offered to the public free of charge. A live auction of hundreds of casino chips and other casino memorabilia is also offered at no charge to show attendees. These bonus activities are held in adjacent meeting rooms at the South Point Hotel and Casino. A complete show schedule is available at the club's website. The exposition is the annual educational effort of the Casino Collectibles Association, a non-profit club with hundreds of members who passionately share the hobby of collecting and preserving the past. Show hours are June 12, 10 AM – 5 PM (admission $10), June 13, 9 AM – Noon (admission $5), and admission is free from Noon to 4 PM June 13 and from 9 AM until 4 PM on June 14. Admission is free every day for First Responders, Active Military, and all casino employees with appropriate ID. Location is Exhibit Hall D at the South Point Hotel Casino, 9777 Las Vegas Blvd. South, Las Vegas, Nevada. BRAD SMITH Casino Collectibles Association +1 740-244-7445 email us here Visit us on social media: Instagram Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
5 days ago
- Business
- Yahoo
Prediction: Caterpillar's Stock Becomes a Buy When This Key Number Turns Around
The heavy machinery maker's retail sales to its end users appear to be in an uptrend. Dealer inventory is lower than expected, indicating that sales growth is likely to follow. This key metric below will guide the way to increased profitability for Caterpillar. 10 stocks we like better than Caterpillar › Nobody said investing in equities was easy, and that observation certainly holds when examining the investment proposition at Caterpillar (NYSE: CAT) right now. There is a robust case for buying shares of the heavy machinery maker today, but there's one key thing investors will want to see before buying the stock. Despite a 10% year-over-year decrease in sales in the first quarter and a whopping 27% decline in operating profit, there's still a robust case for buying Caterpillar. It's based on three interconnected factors. The company's retail sales data was better than expected in the first quarter and indicates an upturn is coming. Its dealers' inventory position in the first quarter suggests a favorable setup for Caterpillar sales for the rest of 2025. Management estimates for earnings and cash flow imply the stock is a good value for a company in the trough year of its earnings cycle. Before supporting these points in detail, it's worth noting that Caterpillar generates the overwhelming majority of its sales through independent dealers to end users. The dealers manage their inventory of equipment, and the sales data in the chart below reflects their sales to end users. During the first-quarter earnings call in late April, outgoing CEO Jim Umpleby noted, "Machine sales to users were stronger than we expected in the first quarter, resulting in flat machine dealer inventory, versus our expectation for growth in dealer inventory during the quarter." Caterpillar's retail sales to end users in the construction and energy and transportation segments were in positive growth territory in the first quarter, with only a 10% decline in resource industries (mining and aggregates) pulling down total machine sales (which include construction and resource industries sales) into negative territory. The better-than-expected end user sales (remember, they represent dealers' sales) led to dealers only increasing inventory by $100 million in the first quarter. By way of comparison, dealers increased inventory by $1.4 billion in the first quarter of 2024. Given current sales patterns, "dealers are ordering to replenish" according to CEO Joe Creed, giving credence to management's forecast for flat sales in 2025. Overall, management's full-year guidance, excluding the impact of tariffs, is for flat sales, an adjusted operating profit margin in the top half of its cyclical range (which is approximately 16% to 20%), and free cash flow (FCF) toward the top half of the $5 billion to $10 billion range. For reference, Wall Street analysts have penciled in $8.4 billion in FCF for 2025, a figure that would put Caterpillar stock at 19.6 times FCF in 2025 -- a good valuation for a cyclical company in a trough year. That's the buy case, and it's pretty compelling. That being said, there are a couple of considerations to keep in mind. First, there's the great unknown of the tariff landscape. Management's commentary on the matter includes changing guidance from "top half" of the ranges discussed above to "within," assuming the tariffs in place at the end of April. Since then, there has been a de-escalation, giving investors reason to feel more positive. The second consideration is more problematic and relates to "price realization." This refers to the impact of pricing on sales and operating profit, independent of the effect on sales volumes. Positive price realization implies Caterpillar was able to achieve better pricing on machinery, and can also reflect relatively better sales of higher-priced machinery or in more lucrative geographies. Negative price realization suggests that Caterpillar may be offering discounts or incentives in response to competition. The change in operating profit is almost entirely attributable to changes in sales volume (Caterpillar's sales volume, not dealers' sales, as outlined above) and price realization. As the chart below demonstrates, positive price realization was able to offset declining sales volumes until the second quarter of 2024, after which both trends turned downward in the third quarter. Negative price realization is likely to continue in the second quarter as it comes up against a difficult comparison with the second quarter of 2024. However, suppose Caterpillar's sales are set to improve in the second half, in line with the positive trend in user sales and dealers' inventory positions. In that case, it's reasonable to expect some improvement in price realization in the third quarter, and possibly in the second quarter as well. It's a key metric to watch, indicating a strengthening of market conditions and Caterpillar's ability to grow earnings and meet its full-year targets. Before you buy stock in Caterpillar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Caterpillar 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 $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% 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 May 19, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prediction: Caterpillar's Stock Becomes a Buy When This Key Number Turns Around 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
Wall Street Journal
26-05-2025
- Automotive
- Wall Street Journal
Tariffs Add Fuel to Hot Used-Car Sales
CARLETON, Mich.—Used cars haven't been in such short supply at such high prices since the days of Covid. Dealers had a 43-day supply of used cars at the start of May, the lowest level for this time of year since 2021, according to Cox Automotive, an automotive-service business. The average price of the 50 bestselling used cars in the U.S. has increased each week over the past two months to nearly $29,000, according to Cox Automotive data. That compares with an average of more than $48,000 for a new car.
Forbes
26-05-2025
- Automotive
- Forbes
As Tesla Cybertruck Market Collapses, Used Price Gets Real
Tesla electric cars and a Cybertruck are displayed in a test drive vehicle charging area at a ... More shopping mall parking garage in San Diego, California, on April 23, 2025. Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Used Cybertruck prices are crashing as dealers try to come to grips with the electric pickup's declining popularity. Prices for the Cybertruck had been staying stubbornly high since the novel wedge-shaped stainless steel pickup went on sale in late November of 2023. But that appears to be changing quickly now. This comes against a backdrop of swelling inventory on Tesla's Cybertruck page. Some inventory discounts are as high as $8,000, bringing the price down for the All-Wheel Drive Cybertruck to as low as $64,490 with the federal tax credit. In one case, a dealer in northern California was selling a used 2024 All-Wheel Drive Cybertruck for $85,000 in mid-April. But then, within two days, that fell to $82,000. Then within a week it fell to $80,000. As of Thursday May 22 it was $77,000. Then on Friday May 23 it fell yet again to $74,000, according to conversations with salespeople there. Used cars on average lose about 20% of their original value during the first year, according to Kelly Blue Book. But a 12% decline in a matter of weeks is unusual. 'We're having trouble keeping up,' commented one salesperson about the price declines in the past weeks. Another dealer in southern California was selling a 2024 AWD Foundation Series Cybertruck for $80,000 – an impossibly low price a year ago. The Foundation series Cybertruck includes Full Self Driving (an $8,000 value) and a trailer hitch. While that dealer's price is more in line with typical used car depreciation, the Foundation Series version of the Cybertruck was at one time selling at wildly inflated prices on the used market due to high demand. In May of last year, a $100,000 Foundation Series purchased directly from Tesla was being resold with an average asking price of around $150,000, according to CarGurus, But that was before CEO Elon Musk joined the Trump administration in January, triggering a backlash from a small but vocal – and sometimes violent – faction of protestors. The Cybertruck became the symbol of disaffection with Musk and Tesla. Another interesting development is the absence of used Cybertrucks on Tesla's inventory page. In fact, the Cybertruck is the only Tesla product not listed on the company's used inventory page, which does list Model 3, Model S, Model X, and Model Y, including a few of the new Juniper Model Y. Tesla had not been accepting trade-ins for Cybertrucks until recently, according to Cybertruck forums. While trade-ins prices are typically lower than those for private sales, the prices cited by some forum members have come as a shock considering the astronomical resale values seen last year at this time.
Reuters
19-05-2025
- Automotive
- Reuters
GM to stop exporting vehicles from US to China, company says
DETROIT, May 19 (Reuters) - General Motors (GM.N), opens new tab on Friday informed employees and dealers for its China export business that it would stop shipping vehicles to China from the United States, the company said. The move comes as the United States and China continue discussions on tariffs and other trade issues.
