Growth spurt

Growth spurt

The Pittsburgh Business Times is bringing together a panel of real estate insiders and experts to provide their insights and perspectives on the future of the Greater Cranberry region at an in-person breakfast scheduled for Feb. 16 at the Pittsburgh Marriott North in Cranberry Woods. Moderated by Business Times Editor-in-Chief Jennifer Beahm, Corridors of Opportunity: Greater Cranberry will give attendees the chance to hear local experts talk about Cranberry and surrounding areas, a part of the region that is becoming more and more of a draw for homebuyers and developers alike. For more details about the event or to register to attend, go to our Corridors of Opportunity: Greater Cranberry event webpage. There is also a Q&A with the event panelists available to read on our website . Ever since Westinghouse Electric Co. first began facing its ups and downs in the middle of the last decade, the subleasing campaign at the nuclear energy firm’s headquarters has served as an informal measure of Cranberry Township’s economy. Today, in the aftermath of all the challenges of the Covid-19 pandemic, JLL reports its 315,000-square-foot sublease assignment first started in 2017 is now all but finished. Think of it as a fresh […]

State of the province address focuses upon growth and opportunity

State of the province address focuses upon growth and opportunity

Office of the Premier FREDERICTON (GNB) – Premier Blaine Higgs delivered his annual state of the province address today, highlighting the province’s growth and continued opportunities in health care, education, energy development, and the economy. “From the beginning, we promised to do things differently,” said Higgs. “And now we are seeing the outcomes of our actions – positive results that many thought were impossible just a few years ago.” He said that employment in New Brunswick is rising, as are wages, including the minimum wage. In addition, the population is registering the highest growth since 1867, with Moncton being recognized as the fastest-growing metropolitan area in the country. Businesses are expanding and attracting strong private investment across the province, while all exports, manufacturing sales and housing sales are climbing, he said. Higgs said the government remains committed to becoming a leader in energy innovation and development to support growth at home, lead in reducing emissions, and help global allies grapple with an energy crisis. The government is actively supporting a number of clean energy solutions and transition fuels to support a path to net zero, he said. It has invested in small modular reactor technology, is developing a long-term […]

Subsea vehicles – an opportunity we need to resuscitate.

Subsea vehicles – an opportunity we need to resuscitate.

Nauticus Robotics’ Aquanaut electric subsea robot system. If the Russian invasion of Ukraine has taught us anything it’s that war isn’t now so much a matter of slugging it out hand to hand on the battlefield and firing big lumps of metal at each other, although sadly that still happens, but increasingly about making far greater use of remote controlled and autonomous or semi autonomous weaponry. It’s also not just about using drones as observation platforms, target spotting or dropping a mortar bomb into an unsuspecting Russian tank’s hatch but the intelligent use of data gathering and observation. Here in Scotland we independence supporters often talk about what the shape and size of the Scottish armed forces might be and what opportunities it might present for Scottish industry. A few decades ago myself and a couple of colleagues working on Remotely Operated Vehicle (ROV) design put forward the idea of a simple, cheap, one shot, battery powered mine demolition vehicle controlled initially by a fibre optic link. But, we also toyed with the idea of making it semi autonomous. The idea being to use acoustic telemetry to guide it close to the target then allow its internal sensors (short […]

Is There Now An Opportunity In Flowserve Corporation (NYSE:FLS)?

Is There Now An Opportunity In Flowserve Corporation (NYSE:FLS)?

Source: Shutterstock Flowserve Corporation ( NYSE:FLS ), might not be a large cap stock, but it received a lot of attention from a substantial price increase on the NYSE over the last few months. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Let’s take a look at Flowserve’s outlook and value based on the most recent financial data to see if the opportunity still exists. What Is Flowserve Worth? Flowserve appears to be overvalued by 20% at the moment, based on my discounted cash flow valuation. The stock is currently priced at US$33.77 on the market compared to my intrinsic value of $28.11. This means that the buying opportunity has probably disappeared for now. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Flowserve’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a […]

Is There An Opportunity With Shenandoah Telecommunications Company's (NASDAQ:SHEN) 48% Undervaluation?

Is There An Opportunity With Shenandoah Telecommunications Company’s (NASDAQ:SHEN) 48% Undervaluation?

Source: Shutterstock Today we will run through one way of estimating the intrinsic value of Shenandoah Telecommunications Company ( NASDAQ:SHEN ) by taking the forecast future cash flows of the company and discounting them back to today’s value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model . The Calculation We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second ‘steady growth’ period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last […]

United States: SECURE 2.0 Creates New Opportunity To Use Surplus Pension Assets For Retiree Welfare Benefits

United States: SECURE 2.0 Creates New Opportunity To Use Surplus Pension Assets For Retiree Welfare Benefits

Employers that maintain overfunded pension plans and are looking for ways to fund retiree health and/or group term life should take a fresh look at Section 420 of the Internal Revenue Code ("Section 420"), as amended by a provision tucked away near the end of the massive package of retirement plan changes in SECURE 2.0. Originally set to expire at the end of 2025, the SECURE 2.0 provision extends Section 420 through the end of 2032 and relaxes one of the key requirements to use surplus pension assets to pay retiree health and life insurance benefits for newly created de minimis transfers. We highlight this new option below. Background Section 420 permits a transfer of assets in an overfunded pension plan to a separate health benefits "401(h) account" or an applicable life insurance account, that is part of that plan, to provide the retiree health and/or group term life insurance benefits reasonably estimated to be incurred over a "transfer period" selected by the plan sponsor. The "transfer period" (1) can be limited to the taxable year of the transfer for plans with surplus assets that exceed 125% of the plan’s Code Section 430 funding target and target normal cost […]

Japan offers huge opportunity for Indian apparel exporters: AEPC

Japan offers huge opportunity for Indian apparel exporters: AEPC

Over 80 prominent Japanese buyers including and trading companies and retail chains/stores are in India to source their requirement from the 112 odd Indian exhibitors displaying their goods at the Upnext India 2023. Representative Image The decline in exports of apparel items from China to Japan provides a huge opportunity for Indian companies to push their shipments in Tokyo, AEPC said on Friday. To tap this opportunity, Apparel Export Promotion Council (AEPC) has organised a two-day buyer-seller meet for international players at its Apparel House in Gurugram . Over 80 prominent Japanese buyers including and trading companies and retail chains/stores are in India to source their requirement from the 112 odd Indian exhibitors displaying their goods at the Upnext India 2023, it added. AEPC Chairman Naren Goenka said: "We hold a strong business opportunity in Japan, reflected by the fact that China, which has been a dominant garment supplier to Japan, has witnessed a decline in the past 5 years giving significant advantage to India". Garment fraternity in both the countries have geared up to increase this trade taking advantage of duty-free access for Indian ready-made garments post Indo-Japan free trade pact, he said. The Indian garment industry is […]

IFA Open for Opportunity Roadshow Visits New Jersey to Discuss World Cup 2026

IFA Open for Opportunity Roadshow Visits New Jersey to Discuss World Cup 2026

Garden State Legislators, Franchisees and Franchisors Came Together to Brainstorm Ways to Leverage FIFA’s Quadrennial Event The International Franchise Association’s (IFA) Open for Opportunity Roadshow came to the Garden State this week, marking its 10th official stop around the country. Officially launched at IFA’s Annual Convention last year, Open for Opportunity was created to help people better understand franchising and its value to communities. “Franchisees are small-business owners, each with their own story. They are not a brand name,” said Jeff Hanscom, vice president of state and local government at IFA. “Our goal is to reshape the narrative about the franchise industry.” World Cup 2026 Host City The New Jersey Roadshow kicked off Thursday morning with a lively roundtable discussion at the New Jersey Restaurant & Hospitality Association in Trenton. The topic centered around the 2026 World Cup and the possibilities it presents to franchise business owners. The final match will be at MetLife Stadium in Rutherford, N.J. The meeting allowed franchisors and franchisees to talk with local legislators and share their struggles and stories. The World Cup presents “an opportunity of great reward and risk for franchise owners,” said moderator Mark Bonamo, a New Jersey resident and editor […]

UNOOSA and Avio select team from University in Nairobi for CubeSat launch opportunity using the Vega C launcher

UNOOSA and Avio select team from University in Nairobi for CubeSat launch opportunity using the Vega C launcher

NaSPUoN-OGPM2030 UNOOSA The United Nations Office for Outer Space Affairs (UNOOSA) and Avio S.p.A. (Avio) have selected a consortium led by the University of Nairobi in Kenya, joined by the University of Arizona from the United States of America and the non-profit organization Space Trust as the first awardee of the ‘Accessing space with Vega C’ programme. The selected team will launch a CubeSat at no cost on board the Vega C rocket. The CubeSat will be used to demonstrate technologies, such as an inflatable antenna. It will build on NaSPUoN (Nanosatellite Platform for the University of Nairobi), a test bed to integrate satellite technologies, designed and developed by students from the University of Nairobi under a grant provided by Kenya Space Agency. The “Accessing space with Vega C” programme is delivered under the Access to Space for All initiative, specifically its Satellite Development Track. The track is dedicated to building capacity for designing, developing, operating, and utilizing satellites with a focus on developing countries. Acting Director of UNOOSA Niklas Hedman said: “We are thrilled that the Access to Space for All initiative keeps delivering unique programmes for the benefit of the UN Member States. Kenya has been strategically […]

Job & Internships Fair offers students opportunity to connect with employers

Job & Internships Fair offers students opportunity to connect with employers

Nothing is more overwhelming to college students than pondering their future after four years of immense fun and unforgettable memories. For many, the word ‘job’ comes to mind. And while the trials and tribulations of pursuing work experience in any type of field are undoubtedly real, employees at the Center for Career Advancement at Bucknell say they are here to assist students’ needs and worries. One exciting project the CCA regularly holds is a Job & Internship Fair, this past one being held on Feb. 7 in Gerhard Fieldhouse. Alison Ordonez, the Director of Employer Relations & Engagement for the CCA, played an integral role in the planning process of the fair—a process that she said took time, effort and a lot of due diligence. “Career fair planning is an entire office wide effort, even more so a campus wide effort,” Ordonez said. The CCA worked very closely with campus partners such as Events Management, Dining Services, Facilities, Print, Publication & Mail (PPM), Athletics and Public Safety, in addition to the three colleges to ensure this event could run smoothly. The planning of the Job & Internship Fair took place nearly nine months ago, as “we take into consideration […]