mixetto/E+ via Getty Images Investment Thesis YETI (NYSE: YETI ) has been struggling heavily in the past two years, with the share price down over 60% from its all-time high in 2021. The company is extremely exposed to macro headwinds which continue to put significant pressure on its financials. It reported a “kitchen sink” Q4 earnings with a double miss and guidance for the year was also way below the street’s consensus. This is actually positive in my opinion as it gets rid of all the bad news and reset investors’ expectations of its upcoming performance. After the plummet, the company is trading at an attractive valuation with multiples meaningfully below its historical average. I think its potential upside largely depends on the magnitude of the economic slowdown while the downside should be limited as a lot of pessimism is already priced in. I like the risk-to-reward ratio at the current levels and I rate YETI as a buy. Data by YCharts Macro Headwinds For those who are unfamiliar with the company, YETI is a Texas-based consumer brand that specializes in outdoor products such as drinkware, coolers, bags, and other related equipment. The company is one of the most […]

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Being a fitness instructor is a very rewarding experience. It’s a chance to motivate others in a healthier lifestyle and watch the progress they make in their fitness journey. PHOTO BY THE CITY OF SASKATOON Are you passionate about fitness? If you participate in fitness classes and have a passion for keeping fit, why not consider becoming an instructor? Article content The City of Saskatoon is now training and hiring fitness instructors. Available instructor opportunities include aquatic fitness, dryland fitness and fitness yoga. Three times a year, the City holds free information sessions. The next session takes place virtually on April 4, from 6 to 7:30 p.m. (A link will be emailed to registrants prior to the session.) The session will outline how to become a certified fitness instructor. The instructor leading the information session has a wealth of knowledge and experience and can answer questions participants may have about the process and requirements. Certifying as a fitness instructor will give participants peace of mind and open new opportunities for employment. Article content Article content “It would allow them to lead a safe land and/or aquatic exercise group, by providing appropriate exercises in order to meet the needs of […]

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The increased pace of U.S. interest rate hikes has elevated the yield-generation potential and expectations for most interest-bearing investments. For risk-averse investors or individuals focused on saving – now is truly an opportune time to consider investing in U.S. Treasury Bonds. U.S. Treasuries: A look through time Presently, 6-month and 1-Year U.S. Treasuries are yielding approximately 5%, an occurrence that was last observed from 2006 to 2007. Furthermore, the yield of U.S. Treasuries is currently outpacing that of the S&P 500 Dividend Yield, truly highlighting the magnitude of return generation that is occurring now. U.S. Treasuries: A look through time The opportunity cost of doing nothing Because of the low-risk nature of U.S. Treasuries, one of the fairer instrument types to contrast them against is term deposits, such as a certificate of deposit. As observed from the following chart, the rate of return for a 1-year U.S. Treasury Bond is much greater than the yield guaranteed for a 1-year certificate of deposit and far more than anything one may receive from a U.S. savings account. The opportunity cost of doing nothing While it is also fair to acknowledge that treasury rates may change greatly over time, depending on the […]

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There’s a temptation to consider digital transformation (DX) in terms of the technology that might need to be employed, but as with anything else, successful DX is driven by the people in your organisation – the very people who will either adopt or resist the technology. And that means that DX will require a particular kind of leadership. Human beings, by their very nature, are resistant to change. None of us likes being taken out of our comfort zone and put in a position where the way we’ve done something for decades is thrown into question. This means helping employees to imagine the future and accept that it’s possible, as well as managing their expectations along the way. For leaders, this will mean making difficult decisions and having the dreaded “courageous conversations” with employees who are trying to block change. It will mean identifying internal champions of the changes and empowering them to drive it forward. It may require bringing in external talent to boost the knowledge and skills internally. It will certainly require superb communication skills to ensure that change messaging reaches all the corners of the organisation and that employees are never left wondering what the next […]

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NeutraDC has entered an MOU with NAVER Cloud and Cisco to offer advanced, secure cloud solutions and services to businesses in Indonesia, accelerating their opportunity for digital transformation. JAKARTA, Indonesia, March 3, 2023 /PRNewswire/ — NeutraDC, a brand of direct subsidiary of Telkom Indonesia, PT Telkom Data Ekosistem (TDE), entered a Memorandum of Understanding (MoU) with NAVER Cloud and Cisco to accelerate the digital transformation of businesses in Indonesia by providing them with advanced cloud solutions and services. CEO Wholesale & International Business TelkomGroup, Bogi Witjaksono (center) after the signing Memorandum of Understanding between NeutraDC, Cisco, and NAVER Cloud by CEO Telkom Data Ekosistem (NeutraDC) Andreuw Th.A.F (third right), President, Service Provider, Asia Pacific and Japan Cisco, Sanjay Kaul (fourth left), and CEO of APAC Development at NAVER Cloud, Weongi Park (fourth right) on Wednesday (1/3). Businesses in Indonesia will benefit from the collaboration as NAVER Cloud and Cisco provide reliable, secure and efficient cloud-based services. The MOU enables all parties to leverage TDE’s local knowledge and data centre infrastructure to deliver reliable and secure cloud services to businesses in Indonesia. "We are happy to have NAVER Cloud & Cisco to support our flagship hyperscale data centre in Cikarang, […]

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A historically strong banking system has been conservative in its approach to tech innovation, but that’s changing. Over the years, Kuwait’s central bank (CBK) has been dynamic in promoting sound regulation in tandem with renewed economic growth and low inflation. As a result, the nation’s lenders entered 2023 from a position of strength. According to the International Monetary Fund (IMF), the nation boasts “strong bank buffers, prudent oversight and proactive monitoring of financial risks by the CBK.” Also, its banking system “has weathered the recent shocks well.” But while Kuwaiti banks remain well-capitalized, liquid and among the country’s best performing companies, there is still room for improvement and growth. “Our population is relatively small, but we still have underserved segments like blue-collar workers [low income] or small and midsize enterprises [SMEs],” says Abdullah Al-Tuwaijri, CEO of Consumer, Private & Digital Banking at Bank Boubyan, a local Shariah-compliant lender. “There is also a large need for credit products like buy-now-pay-later, microcredit and SME credit.” The focus is on digitization. Kuwait is looking to leverage its historically strong banking sector to become a regional financial hub. When it comes to banking innovation, the country has not developed as fast as its […]

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SINGAPORE – Media OutReach – 6 March 2023 – With the digital landscape entering its next phase, delaware Singapore has plans to lead the charge in the next stage of digital transformation. With a large focus being placed on low/no code innovations and the development of an automated ecosystem, delaware Singapore is doubling down on its investments in these cutting-edge technologies that will be the leading solutions in the coming years. As such, delaware Singapore is poised to be a pioneer among its peers in the race towards the future of enterprise. The Low-Code/No-Code Solution Creating computer applications (Apps for short) is a laborious process. It is an intricate writing of line-by-line code to create programs that serve fixed purposes. Let alone a lack of capacity for easy customisations; a single mistake would cause a complete malfunction and be hard to locate. Low-code/no-code solutions , however, present a fascinating alternative – a modular approach that allows professional developers to quickly build applications by relieving them of the need to write code line by line. Suffice to say, it is little wonder that the proliferation of low-code/no-code platforms is an opportunity that arose from a lack of skilled software developers. […]

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Close up of lab assistant in uniform with mask and rubber gloves holding test tube with blood sample while sitting on chair and typing on laptop Selective focus on test tubes Close up of lab assistant in uniform with mask and rubber gloves holding test tube with blood sample while sitting on chair and typing on laptop Selective focus on test tubes Life sciences giant Bayer is using the latest technology to drive change in three very distinct areas of its business: agriculture, pharma, and personal healthcare. Training and developing a new breed of leader is paramount to success, Sarena Lin , the company’s Chief Transformation and Talent Officer, tells Misiek Piskorski Digital transformation has been a company-wide exercise for many large companies for years. But Bayer, the German life sciences company, is taking a unique approach to each of the company’s three main divisions of pharma, crop science, and consumer health. That’s because the needs of the end customers in each of the three divisions is different. Crop science Farmers who were previously sold seeds, fertilizers, and pesticides now need data-driven insights to help them cultivate crops more efficiently. This means moving into software and data. “Ultimately, if […]

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KSA-based insurance firm to leverage Newgen’s solution to deliver a superior customer experience DUBAI, UAE, March 6, 2023 /PRNewswire/ — Newgen Software, a global provider of low code digital transformation platform , has announced that the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF), KSA, has selected Newgen to transform their motor claims process. Leveraging Newgen’s Insurance Claims Processing Solution , built on the NewgenONE Digital Transformation Platform, the company will drive end-to-end process automation, enhance the efficiency of its insurance claims process, and boost overall productivity. "With the help of Newgen’s solution, we aim to proactively manage our claims lifecycle, prevent frauds, and boost process efficiencies. We look forward to collaborating with Newgen to facilitate our customers with a smooth claims experience," said Mr. Umar Al Mahmoud, Deputy Chief Executive Officer and Chief Operating Officer, MEDGULF. "We are proud to be part of MEDGULF’S digital transformation journey. Our solution will help them enhance compliance, and with the solution’s data capture and payment tracking capabilities, the organization will be able to enable faster and more effective claims processing," said Vivek Bhatnagar, VP – Sales International, Newgen Software. The solution’s wide range of capabilities will empower MEDGULF to automate […]

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6 tactics for successful implementation of new technology Photo: Wachiwit (Shutterstock) When your organization invests in new digital solutions , it is natural to focus on the glittering new technologies, how to implement them, and how they can help with short and long-term goals. But technology is only one part of a digital transformation. The critical ingredient for a successful digital transformation is your people. Digital transformation is a journey. The most successful efforts meet people where they are, help them take the trip at a pace that makes sense for them (even in our rapidly evolving world), and, most importantly: bring everyone along. Advertisement I’ve taken the lead in guiding our 55,000 employees in the U.S. through our own digital transformation journey over the last 3 years. No one left behind was the empowering message behind our effort—our message to our people that this was about investing in their development and skills as much as it was implementing and optimizing our technology . Here are a few tips on constructing a people-led digital transformation. Listen and learn their real pain points Knowing the friction points for your teams is a significant first step in digital transformation. No one […]

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