(Photo by Smith Collection/Gado/Getty Images) Getty Images Deal Overview On February 9, 2023, Lions Gate Entertainment LGF.A +0.5% Corp. (NYSE: LGF.A/ LGF.B, $10.61/$9.95, Market Capitalization: $2.3 billion) announced that it is proceeding with the spin-off of its Studio business and separating into two standalone companies. The Company announced that it expects to file an initial Form 10 with the SEC by the end of March and has targeted to complete the spin-off by the end of September 2023. Earlier in September 2022, the Company had reiterated that they were on track to separate STARZ and studio businesses and had increased focus on the possibility of spinning its studio business. There can be no assurance that such a transaction will be completed. Completing any such transaction would be subject to various terms, conditions, regulatory approvals, and approval of the Company’s Board of Directors. We had done a potential report on November 2, 2021, where the Company had announced that it was exploring potential capital markets alternatives for its Media Networks business (STARZ), including, but not limited to, a full or partial spin-off, split-off, issuance of a tracking stock or other transactions. Lions Gate Price Performance Spin-Off Research Deal Rationale Lions […]

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Berkshire Hathaway founder Warren Buffett — one of the most successful investors in the world — says he and vice chairman Charlie Munger are not “stock pickers; we are business pickers.” In the company’s annual shareholder letter published over the weekend , Buffett explained that the “secret sauce” of their investing success is to make “investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers.” This approach is known as value investing, where the goal is to hang on to a top-performing stock rather than trade stocks based on short-term price fluctuations, otherwise known as active investing. Of course, picking winners isn’t easy. But Munger has previously outlined four rules that the two Berkshire Hathaway executives follow when choosing whether to invest in a business. Aside from Buffett’s No. 1 rule, “don’t lose money,” here are four questions that Munger and Buffett ask when deciding whether or not to invest in a business. 1. Do you understand the business? Aside from knowing how a business operates and what it offers to consumers, you also want an idea of where a company is going to be in 10 years , if not for decades, says Buffett. “If you […]

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Privately held Kodiak Robotics says it is building "the world’s safest driver" with its fleet of autonomous trucks. (Kodiak Robotics) The days of friendly truck drivers blowing their air horns for kids along the highway are numbered. Someday soon, that 18-wheeler you pass might have no one behind the wheel. So buckle up for the coming age of autonomous trucks, because it’s a good bet trucking companies will get them rolling long before driverless passenger cars. Amid a severe shortage of drivers, trucking companies are looking to self-driving rigs to fill the gap. Proponents say the technology is there to create autonomous truck fleets within a few years. Meanwhile, development of driverless cars continues to struggle. Two dozen states already allow commercial deployment of intrastate autonomous trucks, and they’re now on the road in some spots. Further, most states allow testing of self-driving trucks that have human backup on board. For interstate travel, however, autonomous trucks still need clearance from the federal government. "This is the present, not the future. It’s happening now," said Richard Steiner, head of policy and communications for self-driving truck firm Gatik. "Over the next few years, you’re definitely going to see autonomous trucks become […]

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Smart budget trade-offs, savvy talent strategies and optimal digital investments will all be key to success this year as organizations focus on: Driving margin improvement Generating cash Increasing productivity of people and assets Capitalizing on new growth opportunities with fewer resources. “Business resilience and growth demand that you invest in differentiators that will drive success over the long term,” says Alex Bant, Chief of Research for the Gartner finance practice. “If you don’t invest effectively in digital in 2023, you’ll increase your technical debt and let competitors out-innovate you on digital products and services and scoop up the talent you need.” See Playbooks: Recession Advice for Executives and their Teams Higher interest rates, talent scarcity, lagging digital transformation lead 2023 challenges Whether the global economy heads into recession or not, organizations must still navigate the impact of trends like inflation, scarce talent and global supply constraints that emerged in 2022. Certain conditions have changed, however, so building resilience means tackling three variables that threaten to weigh down growth and profits in 2023: 1. Higher interest rates: Reduced demand and economic slowdowns threaten organizational growth. Higher funding costs reduce ROI. Funding is harder to get and justify as investors prioritize […]

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The headquarters of Siemens AG is seen in Munich, Germany, December 18, 2019. REUTERS/Michael Dalder BERLIN, March 1 (Reuters) – Siemens AG (SIEGn.DE) said Wednesday that the spin-out of its motors and drives business would result in a wholly owned subsidiary named Innomotics and would be largely complete by October 1. Siemens said it was combining its activities in low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles in a new company, operations which share suppliers, customers and technologies. Advertisement · Scroll to continue "The combined strengths of its individual businesses and the power to act independently will enable Innomotics to unlock significant value for its customers, leverage its growth potential and thus ensure its success," said Ralf P Thomas, chief financial officer of Siemens AG. Register for free to Reuters and know the full story Innomotics’ management team will comprise Michael Reichle as chief executive, Christoph Salentin as chief financial officer and Hermann Kleinod as chief technology officer. The spin-out was first announced in November. Siemens said Innomotics’ operational headquarters would be in Nuremberg, Germany and that it would have around 14,000 employees worldwide and annual revenue of approximately 3 billion euros ($3.2 billion).

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The Opportunity Cost of Unrecycled Metals in the U.S. Metals are an essential resource for modern society, used in everything from construction and transportation to technology and medical equipment. As the demand for these minerals continues to grow, so does the amount of waste generated by their production and consumption. Recycling this metal waste is not just a win for sustainability; it also has huge economic benefits. In the visual above, we explore the ratio of recycled vs. unrecycled metals in the U.S. using 2020 Recycling Statistics by the U.S. Geological Survey. Metal Recycling in the U.S. Opportunity cost is a concept that refers to the benefits that are forgone when choosing one option over another. In the case of unrecycled metals, the opportunity cost is the potential economic and environmental benefits that could have been achieved through increasing metal recycling ratios. Below are the recycling rates for select metals in the U.S. in 2020. The above recycled metals represented a dollar value of $26 billion in 2020. Their unrecycled counterparts, on the other hand, represented $28 billion. Metals can either be recycled from scrap that results from the manufacturing process (known as “new scrap”) or scrap from post-consumer […]

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Pavel Byrkin Investment thesis Being one of the major players in semiconductor industry, Advanced Micro Devices (NASDAQ: AMD ) is well positioned to absorb significant part of growing demand for high-performance graphics and computing products. In recent years, the management demonstrated its ability of improving cash flows and diversifying company’s business by strategic acquisitions . All in all ,the company has firm market position and experienced management with strong track record of innovation together with solid financials which makes it an attractive investment opportunity. Although we are currently experiencing challenging macro environment, my valuation model outcomes suggest an immense upside potential in the long-run, which by far outweighs possible risks. Company information AMD is one of the leading semiconductor companies which designs and manufactures computing and graphic high-performance hardware. The company is a top player in graphic processors [GPU] after acquisition of ATI in 2008. As part of AMD’s growth strategy the company is benefiting from integration with Xilinx, which was acquired in 2021 , and enables AMD to expand its presence in embedded computing and data center segments. The company’s revenue comprises of four segments: Data Center, Client, Gaming and Embedded. Author’s calculations Financials – growth has been […]

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India’s G20 Presidency: Opportunity to Resume Engagement in the Arctic. Photo: Manohar Parrikar Institute for Defence Studies and Analyses On 24 February 2022, Russian President Vladimir Putin announced the launching of a “special military operation” in Ukraine. In protest against Russia’s actions, on 3 March 2022, seven 1) (A7) of the eight members of the Arctic Council (AC), announced a historic suspension of participation in all activities of the council. 2) This was followed on the same day by the Nordic Council of Ministers. 3) This unprecedented step, taken for the first time since the formation of AC in 1996, came at the time of Russia’s presidency, for the period 2021–2023. Immediately thereafter, on 4 March 2022, the European Commission and the Barents Euro-Arctic Councl 4) (BEAC) suspended cooperation with Russia in research, science, and innovation. 5) The United States, on 11 June 2022, decided to “wind down institutional, administrative, funding, and personnel relationships and research collaborations in the fields of science and technology with Russian government-affiliated research institutions and individuals”. 6) Moreover, Finland and Sweden, both AC members, submitted applications for NATO membership in May 2022. This could lead to an eventual AC comprising Russia pitted against seven […]

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hapabapa The U.S. Commerce Department today launched the first CHIPS for America funding opportunity, enabling chipmakers to access $39B in incentives to build new factories and expand production. Part of the CHIPS and Science Act, the aid is meant to revive domestic manufacturing of computer chips, while minimizing supply disruptions that occurred in 2021 and reliance on imported chips. The department is currently seeking applications for projects to construct, expand or modernize commercial facilities for the production of advanced, mature-node semiconductors. It will also be releasing a funding opportunity for semiconductor materials and equipment facilities in the late spring. Awards will be disbursed over time and take the form of direct funding, federal loans and/or federal guarantees of third-party loans. Applicants seeking funds will be required to submit workforce development plans for the workers and are prohibited to use government funds for dividends or stock buybacks. In addition, the department will evaluate applications based on the extent of the applicant’s commitments to refrain from stock buybacks. Major chipmakers, such as Intel ( INTC ), TSMC ( TSM ), IBM ( IBM ), Micron ( MU ) and Texas Instruments ( TXN ) have already embarked on aggressive expansions tied […]

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