eSports as an Interesting Investment Within a Portfolio

One of the guiding principles when making an investment decision is to balance the risks against the potential benefits. So, it’s important to evaluate where you intend to invest. It’s not uncommon for evaluations to exclude newer industries with promise in favor of an industry with stability, such as energy, finance, or ... Read More

Pyxis Tankers (PXS): Capital Raises Expand Public Market Float and Enhance Financial Flexibility

Well-timed equity offering captured the upside move and creates financial flexibility. Public float materially improves. Recently, a private equity offering was priced at $1.75/share and ... Read More

Indonesia Energy Corp (INDO): Rating downgraded to Market Perform with shares above our price target

We are lowering our rating on the shares of INDO as the shares have crossed and remain above our previous price target of $8.00. The shares of INDO have been strong as of late in response to ... Read More

Energy Fuels (UUUU): Rare Earth Element Outtake Agreement Signed. Is This Just The Beginning?

Energy Fuels signs Rare Earth Element (REE) Outtake Agreement with Neo Performance Materials. Neo will take 80% of the rare earth products processed from monazite sand by UUUU's White Mills ... Read More

ACCO Brands (ACCO): Note Offering

Offering. On March 1st, ACCO announced a private offering of $575 million 4.25% senior unsecured notes due 2029. Proceeds from the offering will be used to redeem all $375 million 5.25% outstanding senior unsecured notes due December 2024. The balance of the funds ... Read More

Vectrus (VEC): Solid 4Q20 and FY2020 Even in Face of COVID

4Q20 Results. Revenue of $355.3 million, compared to $365.2 million in 4Q19, but 4Q20 revenue was adversely impacted by $26 million due to COVID. On a sequential basis, revenue rose 0.8%. Adjusted EBITDA margin in the quarter was ... Read More

Kratos Defense & Security (KTOS): A Deeper Dive into 2020 Results

Deeper Dive. After having an opportunity to review the 2020 10-K and re-listen to the 4Q20 conference call, we wanted to provide a deeper dive into Kratos' full year results. Notably, in our view, the long-term future appears to be bright and ... Read More

Endeavour Silver (EXK): Full Year 2020 Net Income Above Expectations

Full year 2020 results. Endeavour reported full year 2020 net income of $1.2 million, or $0.01 per share, compared to a loss of $48.1 million, or $(0.36) per share during the prior year. We had projected a net loss $14.5 ... Read More

E.W. Scripps (SSP): Several Surprising Comments On The Investor Call

Q4 results in line with expectations. Total company revenues of $591.1 million were in line with our $588.3 million estimate. Cash flow, as measured by Adj. EBITDA, was $206.6 million, in line with our $205.8 million ... Read More

Aurania Resources (AUIAF): Forging Ahead; Virtual Investor Update on March 3

Progress at Tsenken N1. Scout drilling began in February at the Tsenken N1 target which includes a copper-silver mineralized zone exposed at surface, and an underlying area of interest that was identified in the MobileMT ... Read More

1-800-Flowers.com (FLWS): In The League Of Leading Ecommerce Companies

Upcoming fireside chat. Chris McCann, CEO & President of 1800Flowers.com will be hosting an investor presentation in a fireside chat format on Wednesday, March 3 at 2pm ET. Investors may register here. Chris is expected to cover ... Read More

Looking Back then Forward, What May Be in Store for the U.S. Stock Markets

The stock market performance for March and April could hinge on a number of questions investors are considering right now. What they’d like to know is: Will a stimulus bill pass in the coming ... Read More

Avivagen Inc. (VIVXF): Initiation Coverage of Avivagen: Well positioned Early Stage Ag-biotech Company

We are initiating research coverage on Avivagen, Inc. Avivagen is an early-stage revenue company focused on developing and commercializing products for livestock, companion animals, and ... Read More

CoreCivic, Inc. (CXW): Now the US Marshals Service?

USMS. The US Marshals Service has notified CoreCivic that is does not anticipate renewing its contract with CoreCivic at the Company's Northeast Ohio Correctional Center. CoreCivic currently houses approximately 800 federal detainees at the ... Read More

Grindrod Shipping (GRIN): 2H2020 Results Below Expectations But Transitioning to More Positive Outlook

Despite improved dry bulk market outlook, 2H2020 results lagged. Reported 2H2020 EBITDA of $18.5 million dropped from 2H2019 EBITDA of $25.1 million even though the dry bulk market ... Read More

Genco Shipping (GNK): A Solid Finish to 2020 and Good Start to 2021

Adjusted 4Q2020 EBITDA of $29.7 million in line with expectations. Strong finish to year with $5 million higher EBITDA and TCE rate move to $13.2k/day. The improvement that started in late 2Q2020 extended into 4Q2020 and ... Read More

Blockchain, Beverages, and Baloney

Most frogs aren’t really Princes. Back in 2017 while money was pouring into anything related to cryptocurrency, scams popped up everyplace. Investors chased dreams and didn’t pay much attention to what was actually in the brew. In 2021 the ... Read More

Why Elevated Unemployment isn’t Hurting Stocks

Trends in unemployment and the coinciding trend in stock market valuation have run counter to each other over the years. It is not a 100% negative correlation as stock market strength, and weakness tends to also follow other ... Read More

Orion Group Holdings (ORN): Better-than-Expected Quarter, But Flat Year Ahead?

4Q2020 EBITDA of $12.6 million beat guidance of $10-$12 million and 2020 EBITDA of $54.4 million sets the bar high for 2021. Excluding asset sales, 2020 EBITDA was $48.2 million. Despite the uncertain operating ... Read More

Kratos Defense & Security (KTOS): 4Q20 Results In-line

KTOS shares have exceeded our PT but we view 2021 as a re-set year, with many programs having been pushed to the right due to COVID. We still believe in the long-term prospects of Kratos and believe the Company to be well positioned to capitalize on new ... Read More

Gray Television (GTN): Outlook: A Solid Start To The Year

Q4 results outperform. Revenues exceeded expectations, with the variance driven by better Political and Core advertising. Q4 revenues of $792 million was better than our $734 million estimate. Adjusted EBITDA was $404 million, much stronger ... Read More

Euroseas (ESEA): Solid Operating Results - Outlook Remains Favorable

Adjusted 4Q2020 EBITDA of $2.2 million in line with expectations with higher TCE rates offsetting higher opex. Reported adjusted EBITDA was $2.1 million. We added back drydock expenses of $0.1 million to calculate ... Read More

Ely Gold Royalties (ELYGF): Cimarron Option Agreement with Crestview Holds Promise

Option agreement to sell Cimarron. Ely Gold Royalties, through its Nevada Select subsidiary, executed an option agreement giving Crestview Exploration Inc. (CSE: CRS) the option to purchase the Cimarron Property ... Read More

Are Meme Stocks Improving Flawed Markets?

Investors and traders that get trade ideas from social media and other non-traditional sources are often ridiculed by the more established players. The unpredictability of the much-maligned “stonk” jockeys has been disruptive to ... Read More

Palladium One Mining Inc. (NKORF): Momentum Builds in 2021

Financing closed. Palladium One closed a $15 million financing that included: 1) 43.1 million units at a price of $0.29 per unit for proceeds of $12,499,000, 2) 1.5 million units issued on a flow-through (FT) basis at a price of $0.34 per unit for ... Read More

Onconova Therapeutics (ONTX): Positive Trajectory, Raising Price Target

Onconova regained compliance and will continue listing on Nasdaq. The compliance was attributed to the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2), as the Company’s common stock had a closing price of at least ... Read More

Ecommerce’s Dramatic Growth in 2020 Still Leaves Great Potential for Online Retailers

Online sales growth has increased each year as retailers enhance their online presence and shoppers become more comfortable making purchases over the internet. A little over a ... Read More

Orion Group Holdings (ORN): Results Should Reinforce Favorable Outlook

4Q2020 Results out after the market closes today and call tomorrow at 10am EST. Number is 201-493-6739 and code is Orion Group Holdings. Our 4Q2020 gross profit estimate is $20.3 million and gross margin of 11.3%. Our EBITDA ... Read More

Newrange Gold Corp. (NRGOF): Drilling Reveals New High-Grade Mineralization Near the Merritt Zone

Encouraging results at Pamlico. In January, Newrange released results for the remaining 19 holes that had been pending, or up to Hole P20-110, and which were associated with drilling at Gold Box ... Read More

Cumulus Media (CMLS): In A Good Spot

Q4 results better. Results were better than expected with revenues $245.9 million versus our $235.0 million estimate and cash flow, as measured by adjusted EBITDA, $39.6 million versus our estimate of $25.4 million. The improved results reflected better revenue in ... Read More

Allegiant Gold (AUXXF): Executing According to Plan

Near-term goals. Eastside currently has a NI 43-101 compliant inferred resource of 996 thousand gold ounces and 7.8 million silver ounces, or 1.1 million ounces of gold equivalent, with significant expansion potential. Near-term goals include: 1) ... Read More

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