nymarketxlb
Revlon Puts The Fear Of Bankruptcy Into The MarketIf the latest news from Revlon (NYSE:REV) is any indication of what to expect from the Q2 earnings reporting season we just got really scared. We’ve been worried about the season for a number of reasons that all come down to earnings. In the case of Revlon, competition and rising cost pressures forced the company to decline a voluntary Chapter 11 bankruptcy, a move intended to let it reorganize itself for the new operational environment. The takeaway is the problems facing Revlon are being felt throughout the market and, while we don’t expect t...
ValueWalk
Grey Owl Capital Management’s commentary for the first quarter ended March 2021, disucssing their long position in Jefferies Financial Group Inc (NYSE:JEF). Q1 2021 hedge fund letters, conferences and more “Right now I’m having amnesia and déjà vu at the same time. I think I’ve forgotten this before.” - Steven Wright Dear Client, The reflation trade continued in earnest during the first quarter of 2021. Commodities were up another 13.3% from January to March, following a 14.7% move in the fourth quarter of 2020. Equity markets were also strong, though not to the same extent as commodities and ...
ValueWalk
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