Today’s stock pick update

Credit Suisse said this morning that it will take a $4.7 billion hit from the Archegos hedge fund scandal, and announced several high-level staff departures amid the fallout including Investment Bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner. The $4.7 billion writedown tied to its Archegos exposure means it will cut its dividend and suspend share buybacks. “Serious lessons wi...

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Leaf Group Ltd (NYSE: LEAF): Leaf Group shares jumped nearly 24% yesterday after announcing that it has agreed to be acquired with Graham Holdings Company for $8.50 per share in an all-cash deal valued at around $323 million. “We could not be more pleased to be joining forces with an organization with such a rich history and shared commitment to excellence,” Leaf Group CEO Sean...

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BWA is still a useful bargain

Even before COVID-19 became a global health crisis, the Auto industry was experiencing quite a bit of bearish pressure. Sales were down globally, reflecting economic slowing in various parts of the world as well as the effects of an extended trade war between the U.S. and China that held investor’s attention through most of 2018 and all of 2019. Just as that headwind seemed ready to fade away with a trade deal at the end fo 2019, the global economy ground to a halt amid massive quarantine a...

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Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells components, subassemblies, and head-worn and hand-held systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, and optical lenses; and headset systems. 


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