CharlieChesvick/iStock via Getty Images Coda Octopus Group (NASDAQ: CODA ) designs and manufactures high-end sea and diving visibility systems. The company has sustained a technological moat. That moat has been enhanced by adding two unique patented products significantly ahead of the competition in the last two years. Although these products are in their infancy, they promise to increase the company’s revenues and expand its market share. Although the company’s shares trade at a high multiple to average earnings, I believe this is justified by the previous successful introduction of technologies, the technological superiority of newly introduced products, and the company’s strong balance sheet. However, the company does not provide an opportunity. The growth scenario is the most probable but is already discounted on the company’s price. Note: Unless otherwise stated, all information has been obtained from CODA’s filings with the SEC . Business description Sea visibility systems : CODA develops technological systems for marine commercial and defense operations. They include imaging sonars (radars that can model what is found in the seabed), diving helmets, and positioning apparatus for ships. Marine construction companies use the company’s products to build marine cables and off-shore structures. They can also be used for […]

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With 2023 underway, lots of questions are in the air concerning the economy, as interest rates remain volatile, the stock market grinds forward, and company earnings results are being closely watched. To help address those questions, the Business Courier held a forum, “The Economics of Uncertainty,” on Jan. 19 at the Renaissance Hotel in downtown Cincinnati. David Koh, managing director and senior investment strategist for the Chief Investment Office within Bank of America Corp. was the event’s Keynote speaker. Brian Gomsak The forum’s keynoter was David Koh, managing director and senior investment strategist for the Chief Investment Office within Bank of America Corp. He is also a senior member of the Chief Investment Office’s Portfolio Management Group, focusing on managed portfolio strategy development and initiatives for global wealth and investment management. Joining Koh was a panel of local business and economic experts: Kimm Lauterbach, president and CEO of economic development agency REDI Cincinnati; Jeff Rodgers, chief financial officer of Tire Discounters; and Raul Villar, chief executive officer of Paycor. The forum was moderated by Business Courier President and Publisher Jamie Smith. Koh began by providing some perspective. Looking back three years to January 2020, what still lay ahead at […]

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Wall Street is starting to bet that Broadcom AVGO +5.70% could benefit from the rising excitement over generative AI applications. On Thursday, Broadcom (ticker: AVGO) r eported strong earnings and provided a better-than-expected outlook for its April quarter. During the conference call with analysts and investors, CEO Hock Tan said generative AI software requires fast connections, which should drive demand for Broadcom’s networking chips. Already a member? Sign In Apple and Meta Stock Buybacks Haven’t Been Equal. Here’s Why. Investors love stock buybacks , but they don’t always spur the types of returns one might imagine. It takes a discerning eye to identify companies with buybacks that create significant gains for shareholders. Buybacks, on their own, increase the value of each share. Repurchases reduce the number of shares outstanding. Keeping earnings constant, earnings per share goes up, supporting gains in the price per share. Buybacks also signal the confidence a company has in using profits and balance-sheet cash to finance these purchases.

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social-work-header 2-13 There are a wide range of opportunities for social workers at VA, and all of them are an integral part of the care we provide. As we recognize Social Work Month in March, we also take some time to celebrate the vast and enriching possibilities that come with a social work career at VA. Social work at VA You’ll find social workers in many different places within your community, and the same is true within VA. From our hospitals to our outpatient clinics, from our Veteran centers to our community living centers , social workers can find a home anywhere in VA. “We are such a large system of care that, really, regardless of what type of social work you’ve been trained in or you’re interested in, you can find a place in VA that will pique those interests for you,” explained Jennifer Koget, the national director of social work at VA, during a recent “ Talk About It Tuesday ” broadcast on LinkedIn Live. Flexibility in your career “We have social workers that work in every area of care in VA,” Koget continued, “and because there’s so much diversity in the social work profession within VA, […]

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Many senior housing properties are owned by limited liability companies or other entities that are taxed as partnerships for federal income tax purposes. The March 15th deadline for filing federal partnership tax returns is quickly approaching. One often overlooked partnership tax rule is that partners can amend retroactively to the beginning of the prior tax year their partnership agreement if they do so on or before this March 15th deadline. What does this mean for you? If you are in a partnership, this is a great time to look at your draft partnership return and then review your LLC or partnership agreement to see if you should make any changes to your tax provisions to maximize your tax benefits. For example, if you would be allocated losses from depreciation but do not have sufficient basis to utilize those losses, it may be beneficial to add a limited deficit restoration obligation or allocate those losses to a different partner. If you are not sure whether this would benefit you, consider reaching out to your tax advisor to discuss whether an amendment would be beneficial before this window of opportunity closes. [ View source .] Latest Posts DISCLAIMER: Because of the […]

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EMERGENCY OPERATIONS CENTER (EOC) MANAGEMENT AND SETUP live training via Zoom is now available! March 16, 2023 @ 12:00 pm – 4:30 pm EST As a public official that is involved in Emergency Management, the ability to communicate effectively and quickly is essential. Creating an EOC provides the framework of a communication network during an emergency, a major crisis, weather event, power outages, active shooter, or any other event that may significantly impact your community. This 4.5-hour course will teach you how to design an EOC and how to manage communications before, during, and after an EOC activation. As the former Fire Chief in Foxborough, MA and Nashua, NH, Chief Hatfield has over 40 years of knowledge and experience in the private, municipal, state and federal life safety and emergency management fields. COMPLETING THIS COURSE WILL TEACH YOU: Why and When an EOC Activation is Necessary How to Set Up an Effective EOC How Technology Drives Effectiveness How to Fund and Design an EOC Demobilizing and Recovery Efforts WHO IS THE COURSE FOR? Emergency Management Directors, Fire Chiefs, Police Chiefs, Public Safety Command Staff and Personnel, Municipal Leaders, and anyone involved in Emergency Operations Center activations. Thanks, Ben Paulin […]

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It’s mailbag day here at The Daily Cut . And we’re keeping the spotlight on the world’s most powerful megatrend – the rise of artificial intelligence (“AI”). AIs are “thinking machines.” Using complex algorithms, they can drive cars… outsmart human pilots at flying an F-16 fighter jet… and discover new drug candidates faster than any human can. And as I predicted in these pages four years ago, that makes AI the greatest investment opportunity of the next decade. The scope of this opportunity is mind-boggling. As I wrote back then… AI can help solve just about any problem you can think of… So, as AIs get more powerful, we’ll see a quantum leap in technological progress unlike anything we’ve seen before. AIs excel at crunching through vast amounts of data to figure out patterns that predict certain outcomes. This gives them a superhuman ability to solve the problems humans struggle with. For instance, an AI could help us figure out how to use nuclear fusion to generate electricity. This would give us an unlimited zero-carbon, non-combustion energy source… and radically transform the energy industry. But AI didn’t rise to top of mind for most folks until the release last […]

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According to stock market experts, Yes Bank has strong support at ₹15 apiece levels and any dip around ₹15.50 to ₹16 per share should be seen as buying opportunity by positional investors as these banks might offload their entire shareholding in Yes Bank immediately after the end of lock-in period. They went on to add that Yes Bank share price may come under pressure due to stake cut speculation by these banks but positional investors should maintain stop loss at ₹15 and keep on accumulating on every big dip for medium term target of ₹20 to ₹22 per share levels. Speaking on Yes Bank share price outlook, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "SBI and other banks took position in Yes Bank to bail it out from the crisis. In last three years, Yes Bank’s financial condition has improved and there is long way for the bank to become a profit making bank. So, SBI , ICICI Bank, HDFC Bank , IDFC First Bank may not offload their entire stake at random. In fact, I am expecting them to wait for the Q4FY23 results of the Yes Bank. Only after that, they may take any decision […]

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Source: Shutterstock Key Insights The projected fair value for AAR is US$79.08 based on 2 Stage Free Cash Flow to Equity Current share price of US$56.60 suggests AAR is potentially 28% undervalued Analyst price target for AIR is US$57.00 which is 28% below our fair value estimate Today we will run through one way of estimating the intrinsic value of AAR Corp. ( NYSE:AIR ) by taking the expected future cash flows and discounting them to today’s value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it’s not too difficult to follow, as you’ll see from our example! We generally believe that a company’s value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . See our latest analysis for AAR The Model We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the […]

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Yield10 Bioscience, Inc., an agricultural bioscience company, has announced its 2023 enrollment program for contract production of Camelina. Yield10 is offering contracts for both spring and winter varieties of Camelina to farmers located in Western Canada (Alberta, Saskatchewan and Manitoba), and Northern U.S. (Montana, North Dakota, South Dakota, Idaho and Minnesota). Yield10 is offering growers offtake production contracts for Camelina with net returns similar to canola, a strategy the Company believes will enable it to participate in the high-growth biofuels market. In 2023, Yield10 plans to contract with growers for planting high-performing, spring and winter Camelina varieties as part of an initiative to establish pre-commercial production and offtake relationships in the biofuels market. These grower contracts currently do not require up-front costs for seed and provide a guaranteed minimum revenue per acre. Among the benefits of the program is that it allows for the product to be moved off the farm quickly following harvest. Yield10 plans to expand the planting acreage going forward by providing growers improved varieties, including introducing herbicide tolerant Camelina to enable better weed control and higher yields over time. Yield10 is currently field-testing herbicide tolerant Camelina varieties for seed scale up, regulatory approval, and commercial […]

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