Financial Basic – Amiya Sahu http://amiyasahu.com/ Thu, 13 Jan 2022 22:08:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://amiyasahu.com/wp-content/uploads/2021/06/icon-150x150.png Financial Basic – Amiya Sahu http://amiyasahu.com/ 32 32 Why personalized counseling is essential for retirees https://amiyasahu.com/why-personalized-counseling-is-essential-for-retirees/ Thu, 13 Jan 2022 21:37:37 +0000 https://amiyasahu.com/why-personalized-counseling-is-essential-for-retirees/ As plan sponsors consider design changes to make their plans more effective as disbursement vehicles, a new article from Cerulli argues that there is no one-size-fits-all solution and that Managed Account Advisors are in the right place. to help. Instead, solving the disbursement problem often requires a personalized experience that includes developing a comprehensive financial […]]]>

As plan sponsors consider design changes to make their plans more effective as disbursement vehicles, a new article from Cerulli argues that there is no one-size-fits-all solution and that Managed Account Advisors are in the right place. to help.

Instead, solving the disbursement problem often requires a personalized experience that includes developing a comprehensive financial plan and an investment and exit strategy designed to meet unique expense requirements and long-term goals. retirement investors, ”says the company in its latest Cerulli. Edge — US Asset and Wealth Management Edition.

And with retirement investors who rate retirement income planning (57%) as one of the most important services offered by advisors, managed account providers are well positioned to help plan members “make prudent decisions.” and enlightened “in terms of counting, says the document.

Holistic strategies

For many, concerns about disbursement and income planning are surfacing due to rising healthcare spending, as 45% of retirees consistently cite healthcare spending as their top stressor, Cerulli notes. In addition, expenses such as long-term care are significant and can vary widely depending on the level of service offered.

“The importance of planning for health care costs in retirement cannot be understated and advisers, both in and out of plan, need to consider medical expenses as part of holistic financial strategies at hand. long term that they develop for their clients, ”says Shawn O ‘Brien, senior analyst at Cerulli.

A good 40% of retirees also express concerns about the depletion of retirement assets, prompting some plan trustees to take a holistic look at their range of investments and solutions to protect against longevity risk.

As such, providers can improve the value proposition of their retirement income and planning solutions by offering advice that goes beyond traditional portfolio management, such as when to apply for Social Security, how and when. how to withdraw money from various investment accounts during retirement, and how to plan and save for future health care costs. Cerulli says these are inherently personal challenges and best approached in the context of holistic and comprehensive retirement planning.

Tax-efficient withdrawal strategies

Advisors, from digital advisory platforms to traditional wealth managers, can deliver significant value to their retiree clients by helping them develop tax-efficient investment and withdrawal strategies. And while it’s important to make sure customers meet their Minimum Required Distributions (RMDs), that should only be one facet of a tax-efficient exit strategy, the document says.

“More sophisticated retirement income solutions take into account a myriad of factors such as the annual spending needs of retirees, Social Security income, federal and state tax brackets, and any intergenerational investment goals (i.e. ‘that is, do they wish to bequeath assets?) to develop an exit strategy that effectively defers taxes and minimizes tax liability for the investor,’ the document explains.

Yet while many retirement income advisers and solutions, such as managed account programs, offer advice related to Social Security, tax-efficient withdrawals, and healthcare spending, Cerulli suggests that the effectiveness of these features apparently varies from vendor to vendor.

Lifetime Income Solutions

Regarding disbursement strategies, Cerulli notes that with the passage of the SECURE law in 2019, increased industry attention has been paid to life income products. And as broader discussions of retirement income in the CD market take place, the benefits that these products offer may offer a viable solution for retirement investors, the paper notes.

“Retirement savers will increasingly bear the risk of outlining their income-producing assets in retirement,” says O’Brien. “Future cohorts of retirees, who are less likely to have accrued DB plan benefits, are more likely to receive the longevity coverage benefits of an annuity allowance,” he adds.

As such, Cerulli suggests that advisors in a managed account are in a good position to help participants make annuity-related decisions and maintains that annuities in the plan are best implemented as a component of an annuity. Professionally managed solution, such as a target date fund or managed account, rather than as a stand-alone option in a plan’s main menu.

“While incorporating annuity options into target date funds has the potential to make these products more effective retirement income solutions, annuity decisions are decidedly complex and must take risk tolerance into account. investor, cash flow requirements, and balance of investable assets, among other factors, ”says O’Brien.

At the same time, however, some archivists note that portability remains a concern when it comes to providing an annuity in the plan. Providers and trustees looking to offer an annuity into the plan, whether through their TDF or managed account offering, should consider engaging with a middleware vendor who can help track and reconcile annuity contracts. between the participant, the archivist and the insurer, advises Cerulli.

Additionally, for many retired investors, annuitizing a portion of their retirement savings may not be in their best interest, the document points out. According to Cerulli, a managed account provider explained that in some cases participants do not use their 401 (k) for retirement income at all, as some are their 401 (k) for a bequest or consider it as a fund for rainy days. . “A big reason is that a good part of these participants have some kind of pension and even if this pension only gives them ten or twenty thousand a year, which, added to their social security income, is important to cover their basic spending needs, ”the vendor said.

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Pension advisors could help reduce ERISA lawsuits by adding defensive provisions https://amiyasahu.com/pension-advisors-could-help-reduce-erisa-lawsuits-by-adding-defensive-provisions/ Tue, 11 Jan 2022 21:52:38 +0000 https://amiyasahu.com/pension-advisors-could-help-reduce-erisa-lawsuits-by-adding-defensive-provisions/ Art by Serge Bloch Plan sponsors can apply a trio of defensive provisions to their retirement plan documents that aim to reduce exposure to member claims made under the Employees’ Retirement Income Security Act (ERISA), according to the experts in the pension sector. Many plans use a basic provision that members must first exhaust the […]]]>

Art by Serge Bloch

Plan sponsors can apply a trio of defensive provisions to their retirement plan documents that aim to reduce exposure to member claims made under the Employees’ Retirement Income Security Act (ERISA), according to the experts in the pension sector.

Many plans use a basic provision that members must first exhaust the plan’s claims process before a lawsuit can be brought. Pension plan sponsors and advisers should consider extending plan limitation periods, implementing mandatory arbitration clauses, and including class action waivers and venue provisions to reduce the burden. exposure to lawsuits, said Michael Weddell, director of retirement at Willis Towers Watson.

“At least the first two should be taken into account,” says Weddell. “Whenever Willis Towers Watson does a voluntary compliance review, we will mention, ‘If your plan does not already have these provisions, consider doing them and remember to make sure they are prominently in the SPD. [summary plan document] also.'”

For plan sponsors, including defensive clauses in plan documents is an opportunity, “and not all of them benefit,” adds Weddell.

“This is great news for employers and it’s underutilized,” he says. “This is an area where the courts have been much more favorable to employers than employers realize. Employers can include provisions in the plan document, and the employer can decide many of the ground rules in the event of a dispute between plan members and the employer.

Plan sponsors who add and include these provisions have greater control over when, where and how litigation arises, says Matthew Renaud, partner at Jenner & Block law firm.

Defensive clauses can be used to “reduce the costs of administering the plan because the plan sponsor has more control over the pace and pace of when litigation arises and where it does arise,” he explains.

Each of the provisions in the trio of clauses provides specific and distinct characteristics that may mitigate or prevent lawsuits, sources say.

The basic provision requires that members first go through the entire plan claims process. This can be useful because the plan member and plan sponsor might be able to reach an agreement before a member engages a lawyer or files a complaint and the potential lawsuit might never reach a court, says Weddell.

Limitation periods may limit the time within which an action can be brought; forum or venue provisions are used to dictate where complainants can take legal action.

Limitation periods can be particularly beneficial for plan sponsors, explains Weddell.

“If the damage only extends over, say, three years instead of six years, that could cut the potential damage in half just by having an extra paragraph written in the plan document and in your SPD,” he says. . “It’s a huge plus for potentially halving your damage. There aren’t a lot of downsides.

The inclusion of venue or forum provisions in plan documents is likely to benefit plan sponsors by potentially preventing lawsuits, Weddell said.

“Many of the plaintiffs ‘law firms prefer to look for a national employer and then bring an action at the headquarters of the plaintiffs’ law firm,” he adds. “It’s often in a state that is user friendly. Saying “I can choose which state the lawsuit is filed in” at first glance doesn’t seem like a big advantage, but it is more likely to rule out lawsuits.

Employers can use the compulsory arbitration provisions and class action waivers for plans covered by ERISA to force arbitration and to waive the rights of participants to bring any class action or class action lawsuit, respectively.

When weighing the pros and cons of including each defensive clause, plan sponsors may want to choose from the provisions, says Joseph Torres, partner at Jenner & Block.

“Historically, there hasn’t been a lot of movement from plan sponsors to try to sort out issues like ‘where am I going to be sued or can I seek arbitration,’” he says. “There is movement among the plans as to whether their particular plans should include these types of provisions, and I don’t think this is a unique proposition.”

Weddell adds that among the trio of defensive clauses from plan sponsors to include, “only the mandatory arbitration clause is questionable.” He notes that Willis Towers Watson advises its plan sponsor clients who are considering including mandatory arbitration clauses to work with in-house or retained legal counsel to ensure they are drafted correctly.

Arbitration clauses may be more appropriate for plan sponsors whose employee population is already accustomed to arbitration to resolve disputes. In addition, arbitration clauses are more difficult to enforce, adds Weddell.

“If the plan has a binding arbitration clause, it’s less clear whether it will be binding,” he says. “There could be legal action and the plan would have skirmishes over whether the binding arbitration clause is enforceable, which will only create litigation on a different topic rather than eliminate it.” With the exhaustion of the complaints process – which everyone pretty much has – the statute of limitations and forum selection, all employers need to make sure these are included and these things are already in the way. plate.

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“High-tech” consumers own an average of 12 devices https://amiyasahu.com/high-tech-consumers-own-an-average-of-12-devices/ Mon, 10 Jan 2022 01:03:57 +0000 https://amiyasahu.com/high-tech-consumers-own-an-average-of-12-devices/ Over the past several months, at PYMNTS, we have been tracking the habits and technological preferences of several “connected people” forming the foundation of the connected economy that is now taking shape. See also: 73 million American consumers already live in the connected economy Sift through the data a bit, however, on over 3,100 responses, […]]]>

Over the past several months, at PYMNTS, we have been tracking the habits and technological preferences of several “connected people” forming the foundation of the connected economy that is now taking shape.

See also: 73 million American consumers already live in the connected economy

Sift through the data a bit, however, on over 3,100 responses, and there are nuances and even glaring differences related to the devices people own, who owns them – and indeed, what they do. with these devices that are in hand.

The groups boil down to consumers of basic technologies: consumers who own a computer and a smartphone, at 47% of the count; Traditional consumers: consumers who own an average of 6.8 devices (44% of respondents) and high-tech consumers (9% of total respondents): consumers who own an average of 12 devices.

Source: PYMNTS.com

Digging deeper, the demographics vary differently, depending on which “bucket” you are looking at. The graph on the right shows the bifurcations between the high tech, mainstream and basic tech segments.

We have found that the high tech segment is younger. Forty-seven percent of the high-tech group’s consumers are millennials, followed by bridge millennials (nearly 30%) and generation X (21%). Basic technology users, on the other hand, are more typically baby boomers and Generation X consumers.

The mainstream group is reasonably split between Baby Boomers, Generation X, and Generation Y, at around 30% each.

Among the three groups, a greater share of high-tech users earn higher incomes, with 57% earning more than $ 100,000 per year and nearly 33% earning between $ 50,000 and $ 100,000. It follows that the most connected consumers, those with more devices at their disposal, have more money to buy those devices and, of course, subscribe to data plans and streaming media. and all kinds of apps that get things buzzing.

When it comes to devices that help consumers engage in the connected economy, smartphones, laptops / desktops, TVs and tablets come out on top.

Source: PYMNTS.com

The overwhelming majority of consumers today own smartphones, with over 90% of Generation X consumers and over 80% of other generations of consumers owning one.

It is clear that even with the proliferation of devices multiplying, there is no simple vanity game involved – smartphones and tablets are increasingly used as tools to navigate immediate and vital daily tasks. .

Also read: Regulators look to new tools and tactics to keep pace with innovation

Consumers are now more than ever using these devices to engage in digital activities, especially when it comes to their banking needs. PYMNTS research shows that 70% of consumers have done a digital banking transaction at least once in the past month. Thirty-five percent of these consumers did so on a weekly basis, using both their desktops and mobile devices.

The use of smartphones and computers for banking transactions is even higher among high-tech consumers. PYMNTS data shows that 92% and 88% of users in this segment completed a transaction using a mobile app or website in November of last year, respectively.

This does not mean that consumers are no longer using physical branches. Forty-six percent of consumers have completed a transaction by physically visiting their bank branch or credit union at least once in the past month.

Source: PYMNTS.com

Media and meals too

Using streaming services and other online resources to access TV and movies has become the most common form of entertainment, with almost 80% of consumers using it at least once in the past. month.

Consumers’ use of digital tools for entertainment naturally extends to the way they order food, whether in restaurants or at the grocery store. Thirty-six percent of consumers ordered their groceries online for curbside pickup, while a quarter of them got their groceries through online subscriptions that deliver regularly.

When it came to ordering food from restaurants, 56% of consumers used a restaurant’s website or app to pick up or have their meals delivered in the past 30 days, at least one time.

For high-tech consumers, this number rises to 86%, while the share of basic technology consumers stands at 46%.

PYMNTS research shows that today’s connected consumers want to streamline the way they navigate their various daily activities. In fact, the majority of them want to consolidate their digital experiences into a single interface, with 67% of all consumers wanting to integrate at least two areas of their digital life into a single app, paving the way for the super app.

Read here: 67% of consumers want a great app to manage their digital businesses

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NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

On:More than half of American consumers think biometric authentication methods are faster, more convenient, and more reliable than passwords or PINs, so why are less than 10% using them? PYMNTS, working with Mitek, surveyed more than 2,200 consumers to better define this perception gap from usage and identify ways in which businesses can increase usage.


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Fortuna Silver Mines Inc. (NYSE: FSM) Receives Consensus Analyst Rating “Conserve” https://amiyasahu.com/fortuna-silver-mines-inc-nyse-fsm-receives-consensus-analyst-rating-conserve/ Sat, 08 Jan 2022 09:34:45 +0000 https://amiyasahu.com/fortuna-silver-mines-inc-nyse-fsm-receives-consensus-analyst-rating-conserve/ Fortuna Silver Mines Inc. (NYSE: FSM) (TSE: FVI) received an average “Hold” rating from the seven analysts who currently cover the company, reports MarketBeat.com. An equity research analyst rated the stock with a sell recommendation, two issued a hold recommendation, and three issued a buy recommendation on the company. The average one-year target price among […]]]>

Fortuna Silver Mines Inc. (NYSE: FSM) (TSE: FVI) received an average “Hold” rating from the seven analysts who currently cover the company, reports MarketBeat.com. An equity research analyst rated the stock with a sell recommendation, two issued a hold recommendation, and three issued a buy recommendation on the company. The average one-year target price among brokers who have issued ratings on the stock in the past year is $ 6.56.

A number of brokerage firms have recently published reports on FSMs. National Bank Financial lowered its price target for Fortuna Silver Mines from C $ 7.00 to C $ 6.50 and established a “sector performance” rating for the company in a research note on Monday, November 15. CIBC reduced its target price on Fortuna Silver Mines from C $ 9.00 to C $ 8.00 and established a “neutral” rating for the company in a research report released on Wednesday, October 13. BMO Capital Markets upgraded Fortuna Silver Mines from a “market return” rating to a “superior return” rating and set a target price of $ 7.25 for the company in a research report released on Monday. December 20. downgraded Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Thursday, November 11. Finally, Zacks investment research upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a target price of $ 4.50 for the company in a research report released Wednesday.

Several large investors have recently changed their positions in the company. Hollencrest Capital Management increased its stake in Fortuna Silver Mines shares by 203.2% in the 4th quarter. Hollencrest Capital Management now owns 128,032 shares of the basic materials company valued at $ 499,000 after acquiring an additional 85,800 shares during the period. UBS Asset Management Americas Inc. increased its equity stake in Fortuna Silver Mines by 27.7% in the third quarter. UBS Asset Management Americas Inc. now owns 275,237 shares of the basic materials company valued at $ 1,082,000 after acquiring an additional 59,627 shares during the period. Bank of New York Mellon Corp bought a new position in Fortuna Silver Mines shares in the third quarter valued at $ 40,000. Schonfeld Strategic Advisors LLC acquired a new position in Fortuna Silver Mines during the 3rd quarter for a value of $ 86,000. Finally, Cetera Investment Advisers acquired in the 3rd quarter a new position in Fortuna Silver Mines for an amount of $ 74,000. Institutional investors and hedge funds hold 21.79% of the company’s shares.

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NYSE: FSM opened at $ 3.60 on Friday. The company has a market cap of $ 1.05 billion, a price-to-earnings ratio of 11.61 and a beta of 1.32. Fortuna Silver Mines has a one-year low of $ 2.91 and a one-year high of $ 9.85. The company has a 50-day simple moving average of $ 3.89 and a 200-day simple moving average of $ 4.35. The company has a debt ratio of 0.05, a current ratio of 0.96, and a rapid ratio of 0.73.

Fortuna Silver Mines (NYSE: FSM) (TSE: FVI) last released its quarterly results on Thursday, November 11. The basic materials company reported earnings per share (EPS) of $ 0.08 for the quarter, missing Zacks’ consensus estimate of $ 0.10 ($ 0.02). Fortuna Silver Mines recorded a return on equity of 10.32% and a net margin of 12.04%. The company reported sales of $ 162.57 million for the quarter. During the same period of the previous year, the company achieved earnings per share of $ 0.09. As a group, analysts expect Fortuna Silver Mines to post earnings per share of 0.49 for the current fiscal year.

About Fortuna Silver Mines

Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metals in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de CV (Cuzcatian), Mansfield Minera SA (Mansfield) and Corporate. The Beates segment operates the Caylloma silver, lead and zinc mine.

Recommended Story: What Does a Neutral Equity Rating Mean?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

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Pay rent or buy food: Workers face heartbreaking choice in new lockdown https://amiyasahu.com/pay-rent-or-buy-food-workers-face-heartbreaking-choice-in-new-lockdown/ Thu, 06 Jan 2022 21:32:01 +0000 https://amiyasahu.com/pay-rent-or-buy-food-workers-face-heartbreaking-choice-in-new-lockdown/ As she prepared for an online training session, Nadia Vandal sighed. “It’s stressful not knowing what’s in store for us,” said the veteran fitness instructor and professional bodybuilder. During previous COVID closures, Vandal had been able to count on financial assistance of $ 500 per week from the federal government through the Canada Emergency Benefit […]]]>

As she prepared for an online training session, Nadia Vandal sighed.

“It’s stressful not knowing what’s in store for us,” said the veteran fitness instructor and professional bodybuilder.

During previous COVID closures, Vandal had been able to count on financial assistance of $ 500 per week from the federal government through the Canada Emergency Benefit (CERB). Now, as Ontario closes gyms again to help reduce the spread of the Omicron variant, Vandal fears replacing CERB – the Canadian Worker Lockdown Benefit (CWLB) – may not be enough to cover costs basic subsistence. For workers who have lost at least 50 percent of their earnings become stranded, the CWLB pays $ 300 per week. After taxes? It’s $ 30 less.

“In downtown Toronto, $ 270 a week is nothing,” Vandal said.

Workers, labor rights activists and some business owners are wondering why – with Omicron rampant and the economic outlook as uncertain as it has been during the pandemic – the new advantage is weaker. For many affected workers, the lower amount will mean a heartbreaking choice which the necessities of life will do without.

“While I’m grateful for the federal government’s $ 300 week, it’s no secret that it’s not enough to cover the cost of living, especially in Toronto,” said Ryan Duncan, a restaurant waiter who was laid off after Ontario announced a ban on indoor dining as part of its new partial lockdown, which began at 12:01 am Wednesday.

While Duncan would prefer to see federal support increase, he would also like to see help from the provincial government for restaurant workers who have been on the front lines of enforcing mask warrants and vaccine QR codes.

“The provincial government should step up its efforts … especially after relying on many of us to enforce its carelessly implemented vaccine passport system, control the ever-changing rules for guests, and adjust to limitations. evolving capacity and service restrictions, ”Duncan said. .

Carly-Rae Williams, who was also fired from her job as a restaurant waitress, acknowledges that the federal government has provided billions of dollars in financial assistance. But that, she says, doesn’t change a basic fact: city life is much more expensive than a CWLB payment.

“I understand the cost issue for the government given that it has been providing aid for almost two years, but the cost of living doesn’t care, especially in Toronto. It is mounted. So for us who live and pay rent in the city, $ 300 pre-tax is a joke, ”Williams said.

Deena Ladd, executive director of the Workers Action Center, called the CWLB “completely inadequate,” and said the federal government appears to be using an outdated playbook.

“It’s clear this is a program designed before Omicron, and when the number of cases was going down and governments were looking to gradually reduce support. It’s shocking, ”Ladd said.

The weekly amount offered under the CWLB is so small that many workers will not be able to afford the rent, especially in urban centers like Toronto, Ladd argued.

“This will make it impossible for some people to stay in their homes,” Ladd said.

Some also face an agonizing choice, she said: pay rent or buy food.

“People absolutely choose between rent and food,” Ladd said, adding that the Workers Action Center is seeing a huge increase in demand for the boxes of food it provides. Food banks are also seeing increased demand, Ladd said.

A spokeswoman for Federal Finance Minister Chrystia Freeland argued that federal government assistance has given Canada a stronger economic recovery after COVID than in other countries, particularly the United States. However, given the “extremely unpredictable” nature of the virus, spokeswoman Adrienne Vaupshas said changing aid programs is something the government will not rule out.

“The federal government will continue to help Canadians navigate the pandemic and will reassess support for individuals and businesses to deal with the circumstances of the evolving public health situation,” said Vaupshas.

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‘There is no more money’: Covid crisis leaves Sri Lanka on the verge of bankruptcy | Sri Lanka https://amiyasahu.com/there-is-no-more-money-covid-crisis-leaves-sri-lanka-on-the-verge-of-bankruptcy-sri-lanka/ Sun, 02 Jan 2022 20:52:00 +0000 https://amiyasahu.com/there-is-no-more-money-covid-crisis-leaves-sri-lanka-on-the-verge-of-bankruptcy-sri-lanka/ Sri Lanka faces a worsening financial and humanitarian crisis and fears bankruptcy in 2022 as inflation hits record highs, food prices skyrocket and its coffers run low. The collapse facing the government, led by the strongman of President Gotabaya Rajapaksa, is in part caused by the immediate impact of the Covid crisis and the loss […]]]>

Sri Lanka faces a worsening financial and humanitarian crisis and fears bankruptcy in 2022 as inflation hits record highs, food prices skyrocket and its coffers run low.

The collapse facing the government, led by the strongman of President Gotabaya Rajapaksa, is in part caused by the immediate impact of the Covid crisis and the loss of tourism, but is compounded by high government spending and tax cuts that erode state revenues, large debt repayments to China and foreign exchange reserves to their lowest levels in a decade. Meanwhile, inflation was boosted by the government printing money to repay domestic loans and foreign bonds.

The World Bank estimates 500,000 people have fallen below the poverty line since the start of the pandemic, the equivalent of five years of progress in the fight against poverty.

Inflation hit an all-time high of 11.1% in November and escalating prices have left those who were previously well off struggling to feed their families, while basic commodities are now unaffordable for many. After Rajapaksa declared Sri Lanka to be in an economic emergency, the military was given the power to ensure essential items, including rice and sugar, were sold at prices set by the government – But it did little to alleviate the plight of the people.

A man pays for vegetables at a Colombo market. Escalating prices have left those who were previously well off struggling to feed their families. Photograph: Allison Joyce / Getty Images

Anurudda Paranagama, a driver in the capital, Colombo, took a second job to pay for the rising food prices and cover his car loan, but it was not enough. “It’s very difficult for me to repay the loan. When I have to pay electricity and water bills and spend on food, there is no more money, ”he said, adding that his family now eats two meals a day instead of three.

He described how the grocer in his village opened 1kg packets of powdered milk and divided them into 100g packets because his customers could not afford the entire packet. “We are now buying 100g of beans while we were buying 1kg for the week,” Paranagama said.

The loss of jobs and vital foreign income from tourism, which typically contributes over 10% of GDP, has been substantial, with over 200,000 people losing their livelihoods in the travel and tourism sectors, according to the World Travel and Tourism Council.

The situation got so bad that long queues formed at the passport office, as one in four Sri Lankans, mainly young and educated, say they want to leave the country. For older citizens, it is reminiscent of the early 1970s, when import controls and low production in the country caused severe shortages of basic commodities and long queues for bread, milk and wine. rice.

A man working outdoors in Colombo
One of the most pressing problems for Sri Lanka is the enormous burden of its external debt. Photograph: Vimukthi Embuldeniya / Pacific Press / Rex / Shutterstock

Former central bank deputy governor WA Wijewardena warned that the struggles of ordinary people would exacerbate the financial crisis, making life more difficult for them. “When the economic crisis worsens beyond redemption, it is inevitable that the country will also experience a financial crisis,” he said. “Both will reduce food security by reducing production and failing to import due to the shortage of foreign exchange. At this point, it will be a humanitarian crisis.

One of the most pressing problems for Sri Lanka is the enormous burden of its external debt, especially to China. It owes China more than $ 5 billion in debt and took an additional $ 1 billion loan from Beijing last year to help it cope with its acute financial crisis, which is being paid in installments. .

Over the next 12 months, in the public and private sector, Sri Lanka will have to repay around $ 7.3 billion in domestic and foreign loans, including a repayment of international sovereign bonds of $ 500 million in January. However, in November, the available foreign exchange reserves were only $ 1.6 billion.

In a usual approach, government minister Ramesh Pathirana said they hoped to settle their past oil debts with Iran by paying them off with tea, sending them $ 5 million worth of tea each month to save “money. much needed currency ”.

Opposition MP and economist Harsha de Silva recently told parliament that foreign exchange reserves would be -437 million dollars by January of next year, while the total foreign debt to be repaid would be 4.8 billion dollars from February to October 2022. “The nation will be totally in bankruptcy, ”he said.

Central Bank Governor Ajith Nivard Cabraal has publicly assured Sri Lanka could repay debts “transparently”, but Wijewardena said the country was at high risk of defaulting, which would have catastrophic economic consequences.

Meanwhile, Rajapaksa’s sudden decision in May to ban all fertilizers and pesticides and force farmers to switch to organic without warning brought a once prosperous farming community to its knees, as many farmers, who had grown accustomed to it, brought to their knees. using – and often overdoing – fertilizers and pesticides, suddenly found themselves without the means to produce healthy crops or to control weeds and insects. Many fearful of a loss decided not to farm at all, exacerbating food shortages in Sri Lanka.

A market gardener removes weeds in his potato field in Keppetipola.
A government decision in May to ban all fertilizers and pesticides has forced farmers to switch to organic without warning. Photograph: Eranga Jayawardena / AP

The government turned around at the end of October and farmers are now struggling to meet the high costs of imported fertilizers without assistance.

“The costs of growing rice [wheat] have increased astronomically… The government has no money for fertilizer subsidies. Many of us farmers are reluctant to invest money because we don’t know if we are going to make a profit, ”said one farmer, Ranjit Hulugalle.

In an attempt to temporarily alleviate the problems and avoid difficult and most likely unpopular policies, the government resorted to temporary relief measures, such as lines of credit to import food, medicine and fuel from its neighboring ally. India, as well as Indian currency swaps, China and Bangladesh and ready to buy Oman oil. However, these loans offer only short-term relief and must be repaid quickly at high interest rates, adding to Sri Lanka’s debt load.

Anushka Shanuka, a personal trainer, was among those who had a comfortable life but is now struggling to cope. “We can no longer live as before the pandemic,” he said, saying the prices of vegetables had increased by more than 50%.

“The government promised to help us but nothing came, so we are managing as best we can. I don’t know how long we can go on like this.


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3 reasons why your clients need you to provide them with health insurance advice https://amiyasahu.com/3-reasons-why-your-clients-need-you-to-provide-them-with-health-insurance-advice/ Sat, 01 Jan 2022 05:02:56 +0000 https://amiyasahu.com/3-reasons-why-your-clients-need-you-to-provide-them-with-health-insurance-advice/ During my 26 years in the Medicare industry, I have met with thousands of financial advisors to discuss the Medicare desirability and what I believe is Medicare’s important place in a holistic financial plan. Some advisers are intrigued by the potential – not just the financial potential, but the potential that lies in their ability […]]]>

During my 26 years in the Medicare industry, I have met with thousands of financial advisors to discuss the Medicare desirability and what I believe is Medicare’s important place in a holistic financial plan.

Some advisers are intrigued by the potential – not just the financial potential, but the potential that lies in their ability to differentiate themselves in the market. But, to my dismay, many advisors only see the impact (or lack thereof) on them rather than looking at the benefits to clients.

Here’s what these advisors tell me:

• Medicare is a distraction from my main financial planning activity.

• The gain potential is too low.

Advertising

• The workload is too heavy to balance.

I sympathize with these concerns. I have known each of them at different times in my career. I know these concerns have often provided me with easy ways to rationalize the fact that the juice wasn’t worth the squeeze.

But I want to challenge your thinking about whether Medicare should be in your bag. I think there are many reasons why your clients should have someone who already knows their life goals to help them make one of the most complicated decisions they will ever have to make.

Let’s take a look at three main reasons your clients need your help with Medicare.

1. Customers don’t want to trust someone new. How many people does an individual really trust? Some members of their family. A friend or two. And a small number of professionals who help them make the big decisions in life.

Medicare is an important decision. Numerous studies have shown how much money people leave on the table when they don’t turn to a Medicare expert for advice. In most cases, your customers are the only ones who find that expert they can trust. Don’t you think many of your clients would like to have their trusted financial advisor on their side with this decision?

2. Clients just don’t understand health care. And they don’t want to understand it either. They want to be in a system that looks out for their interests. If you’ve been paying attention to what’s going on for about 90 days free for whatever they call the Annual Enrollment Period and the Medicare Open Enrollment Period, then you probably know a bit more about what the. General George Armstrong Custer felt at Little Big Horn. There aren’t many times in a person’s life when they are faced with such a big decision as choosing their health insurance coverage.

3. Customers are petrified, they will outlive their money. This is still one of the top two or three concerns of older customers. The thought that this might happen to them influences a wide range of life decisions, with healthcare being an obvious decision with high impact. Customers need someone to lean on, which brings us back to reason # 1.

The Medicare decision-making process is worth mentioning. Never before have we seen the opportunity for people to be duped and confused. Digital marketing experts say we see between 4,000 and 10,000 ads every day. This does not include all social media posts that steal our time. I imagine the average Medicare beneficiary during the open enrollment season feels a bit like a javelin catcher at a track and field competition.

People make decisions based on their values ​​(see Maslow’s Hierarchy of Needs). Values ​​rarely change over the course of a lifetime. This should be heartwarming for those of us who work in financial services.
But the behaviors – now it’s a different animal. Almost 10,000 ad impressions per day impact business decisions. People will make decisions that they know are wrong. It’s their values ​​that speak to them, but they do it anyway.

When it comes to Medicare, your customers shouldn’t be left on their own to decipher the thousands of Medicare-related messages they see, hear and read.

The solution: it’s not about Medicare; it’s about delivering a truly holistic planning experience.
It’s not just about adding Medicare to your practice. It’s about how you can use your holistic financial planning process to help your clients better manage healthcare risks. The logistics required will vary depending on the solution you choose to provide to your customers.

There are three common ways financial advisors can implement Medicare solutions in their practice.

1. Go all out and take full advantage of Medicare. This is the most time consuming option, requiring a health license, certification, and annual testing. It is also the most lucrative from the point of view of full ownership of your business book as an official agent.

2. Hire a Medicare specialist in your office. This is the most common solution I have seen because it allows a counselor to offer Medicare capability without trying to be everything to everyone.

3. Refer to a third party. Using a third party is similar to hiring a Medicare specialist in your office, but it traditionally lacks the personal commitment that comes with a dedicated resource in the office.

Making the right decision among these three things should be based on building long term relationships with customers. Any of these three will work fine. You have to decide what is best for your customers.

Communicate health insurance to your clients and use it to grow your practice

People like to do business with those they know and trust. Nailing the customer experience flawless every time will help you accomplish two essential things:

1. Open the doors to know your target prospects better through referrals.

2. Build unchallenged trust with all of your customers and prospects.

Do both of these things and you’ll be on your way to delivering a great customer experience.

President Woodrow Wilson is credited with this saying: “Be brief, be bright and go. “

Keeping it simple in the context of the larger financial planning process makes this much easier to ingest and adopt as a new habit.

1. Be brief. Approach healthcare risk for what it is: a major concern and a financial risk to your retired clients.

2. Be brilliant. Inform clients of the basic decisions they will face each year and the best practices they should adopt regarding Medicare Supplement and Medicare Advantage plans. Be brilliant at the basics.

3. Leave. Provide an enrollment resource or solution, then get back to what you know how to do while closely managing your support resource team.


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ALTIMETER GROWTH CORP. – 10-K / A – MANAGEMENT’S DISCUSSION AND ANALYSIS OF THE FINANCIAL POSITION AND OPERATING RESULTS. https://amiyasahu.com/altimeter-growth-corp-10-k-a-managements-discussion-and-analysis-of-the-financial-position-and-operating-results/ Thu, 30 Dec 2021 13:12:05 +0000 https://amiyasahu.com/altimeter-growth-corp-10-k-a-managements-discussion-and-analysis-of-the-financial-position-and-operating-results/ The following discussion and analysis of the financial condition and results of operations of the Company should be read in conjunction with our audited financial statements and the accompanying notes which are included in “Section 8. Financial Statements and Supplementary Data” of this annual report on form 10 –K. Certain the information contained in the […]]]>

The following discussion and analysis of the financial condition and results of operations of the Company should be read in conjunction with our audited financial statements and the accompanying notes which are included in “Section 8. Financial Statements and Supplementary Data” of this annual report on form 10 –K. Certain the information contained in the discussion and analysis presented below includes forward-looking statements. Our actual results may differ materially from those anticipated in these forward-looking statements due to many factors, including those set forth in the “Special Note Regarding Forward-Looking Statements”, “Item 1A. Risk Factors ”and elsewhere in this Annual Report on Form 10-K.

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  Table of Contents
Overview
We are a blank check company incorporated in the Cayman Islands on August 25,
2020 formed for the purpose of effecting a merger, amalgamation, share exchange,
asset acquisition, share purchase, reorganization or other similar business
combination with one or more businesses (the "Business Combination"). We intend
to effectuate our Business Combination using cash derived from the proceeds of
the Initial Public Offering and the sale of the Private Placement Warrants (as
defined below), our shares, debt or a combination of cash, shares and debt.
Recent Developments
On April 12, 2021, we entered into a Business Combination Agreement (as it may
be amended, supplemented or otherwise modified from time to time, the "Business
Combination Agreement"), by and among J1 Holdings Inc., a Cayman Islands
exempted company ("PubCo"), J2 Holdings Inc., a Cayman Islands exempted company
and direct wholly owned subsidiary of PubCo ("Merger Sub 1") and J3 Holdings
Inc., a Cayman Islands exempted company and direct wholly owned subsidiary of
PubCo ("Merger Sub 2") and Grab Holdings Inc. a Cayman Islands exempted company
("Grab"). The Business Combination was closed on December 1, 2021. Grab is the
surviving entity and will continue as a wholly owned subsidiary of PubCo. On
December 1, 2021, the Company merged with and into J2 holdings, with the Company
continuing as the surviving corporation pursuant to the Business Combination
Agreement. The combined company is operating under the name "J2 Holdings Inc.,"
which is a wholly-owned subsidiary of Grab Holdings Limited.
Results of Operations
We have neither engaged in any operations nor generated any operating revenues
to date. Our only activities from inception through December 31, 2020 were
organizational activities and those necessary to prepare for the Initial Public
Offering, described below. We do not expect to generate any operating revenues
until after the completion of our initial Business Combination. We expect to
generate
non-operating
income in the form of interest income on marketable securities held after the
Initial Public Offering. We expect that we will incur increased expenses as a
result of being a public company (for legal, financial reporting, accounting and
auditing compliance), as well as for due diligence expenses in connection with
searching for, and completing, a Business Combination.
As a result of the restatement described in Note 2 of the notes to the financial
statements included herein, we revised our prior position on accounting for
temporary equity and permanent equity and the earnings per share calculation. We
restated our financial statements to revalue the Company's Class A ordinary
shares subject to possible redemption and restate its earnings per share
calculation, as described in the Explanatory Note of this Amendment. The
Company's accounting related to temporary equity and permanent equity and its
earnings per share calculation did not have any effect on the Company's
previously reported investments held in trust or cash.
Liquidity and Capital Resources
On October 5, 2020, we completed the Initial Public Offering of 50,000,000
Units, which includes the full exercise by the underwriters of their
over-allotment option in the amount of 5,000,000 Units, at a price of $10.00 per
Unit, generating gross proceeds of $500,000,000. Simultaneously with the closing
of the Initial Public Offering, we completed the sale of 12,000,000 Private
Placement Warrants to the Sponsor at a price of $1.00 per Private Placement
Warrant generating gross proceeds of $12,000,000.
Following the Initial Public Offering and the sale of the Private Placement
Warrants, a total of $500,000,000 was placed in the Trust Account, and we had
$1,961,900 of cash held outside of a trust account (the "Trust Account") after
payment of costs related to the Initial Public Offering, and available for
working capital purposes. We incurred $28,244,738 in transaction costs,
including $10,000,000 of underwriting fees, $17,500,000 of deferred underwriting
fees and $744,738 of other costs.
For the period from August 25, 2020 (inception) through December 31, 2020, net
cash used in operating activities was $392,490. Net loss of $130,999,889 was
impacted by formation cost paid by Sponsor in exchange for issuance of Class B
ordinary shares of $5,000, change in the fair value of the warrant and FPA
liabilities, and changes in operating assets and liabilities, which used
$184,691 of cash from operating activities.

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  Table of Contents
At December 31, 2020, we had cash held in the Trust Account of $500,000,000. We
intend to use substantially all of the funds held in the Trust Account,
including any amounts representing interest earned on the Trust Account, which
interest shall be net of taxes payable and excluding deferred underwriting
commissions, to complete our Business Combination. We may withdraw interest from
the Trust Account to pay taxes, if any. To the extent that our share capital or
debt is used, in whole or in part, as consideration to complete a Business
Combination, the remaining proceeds held in the Trust Account will be used as
working capital to finance the operations of the target business or businesses,
make other acquisitions and pursue our growth strategies.
At December 31, 2020, we had cash of $855,972 held outside of the Trust Account.
We intend to use the funds held outside the Trust Account primarily to identify
and evaluate target businesses, perform business due diligence on prospective
target businesses, travel to and from the offices, plants or similar locations
of prospective target businesses or their representatives or owners, review
corporate documents and material agreements of prospective target businesses,
structure, negotiate and complete a Business Combination.
In order to fund working capital deficiencies or finance transaction costs in
connection with the Business Combination, our Sponsor or an affiliate of our
Sponsor or certain of our officers and directors may, but are not obligated to,
loan us funds as required. Upon completion of the Business Combination, we will
repay such loaned amounts out of the proceeds of the Trust Account released to
us. In the event that a Business Combination does not close, we may use a
portion of the working capital held outside the Trust Account to repay such
loaned amounts, but no proceeds from our Trust account will be used for such
repayment. Up to $2,000,000 of such loans are convertible into warrants, at a
price of $1.00 per warrant, at the option of the lender. The warrants would be
identical to the Private Placement Warrants.
We do not believe we will need to raise additional funds in order to meet the
expenditures required for operating our business. However, we may need to obtain
additional financing because we become obligated to redeem a significant number
of our public shares upon completion of our Business Combination, in which case
we may issue additional securities or incur debt in connection with the Business
Combination.
As of December 1, 2021, substantial doubt about our ability to continue as a
going concern related to the date for mandatory liquidation and dissolution was
alleviated due to the closing of our business combination.
Off-Balance
Sheet Financing Arrangements
We have no obligations, assets or liabilities, which would be considered
off-balance
sheet arrangements as of December 31, 2020. We do not participate in
transactions that create relationships with unconsolidated entities or financial
partnerships, often referred to as variable interest entities, which would have
been established for the purpose of facilitating
off-balance
sheet arrangements. We have not entered into any
off-balance
sheet financing arrangements, established any special purpose entities,
guaranteed any debt or commitments of other entities, or purchased any
non-financial
assets.
Contractual Obligations
We do not have any long-term debt, capital lease obligations, operating lease
obligations or long-term liabilities, other than an agreement to pay an
affiliate of the Sponsor a monthly fee of $20,000 for office space, utilities
and secretarial, and administrative support services provided to the Company. We
began incurring these fees on September 30, 2020 and will continue to incur
these fees monthly until the earlier of the completion of a Business Combination
and the Company's liquidation.
The underwriters are entitled to a deferred fee of $0.35 per Unit, or
$17,500,000. The deferred fee will become payable to the underwriters from the
amounts held in the Trust Account solely in the event that we complete a
Business Combination, subject to the terms of the underwriting agreement.
We entered into forward purchase agreements which provides for the purchase by
each of Altimeter Partners Fund, L.P. and JS Capital LLC of up to an aggregate
of 20,000,000 units (the "forward purchase securities"), with each unit
consisting of one Class A ordinary share and
one-fifth
of one redeemable warrant to purchase one Class A ordinary share at an exercise
price of $11.50 per whole share, for a purchase price of $10.00 per unit, in a
private placement to close concurrently with the closing of a Business
Combination.
Critical Accounting Policies
The preparation of financial statements and related disclosures in conformity
with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and
liabilities at the date of the financial statements, and income and expenses
during the periods reported. Actual results could materially differ from those
estimates. We have not identified any critical accounting policies.

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  Table of Contents
Warrant and FPA Liabilities
The Company accounts for the Warrants and FPAs as either equity-classified or
liability-classified instruments based on an assessment of the specific terms of
the Warrants and FPAs and the applicable authoritative guidance in Financial
Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC")
480, "Distinguishing Liabilities from Equity" ("ASC 480"), and ASC 815,
"Derivatives and Hedging" ("Warrants and FPAs ASC 815"). The assessment
considers whether the are freestanding financial instruments pursuant to ASC
480, meet the definition of a liability pursuant to ASC 480, and meet all of the
requirements for equity classification under ASC 815, including whether the
Warrants and FPAs are indexed to the Company's own common shares and whether the
holders of the Warrants could potentially require "net cash settlement" in a
circumstance outside of the Company's control, among other conditions for equity
classification. This assessment, which requires the use of professional
judgment, is conducted at the time of issuance of the Warrants and execution of
the FPAs and as of each subsequent quarterly period end date while the Warrants
and FPAs are outstanding. For issued or modified warrants that meet all of the
criteria for equity classification, such warrants are required to be recorded as
a component of additional
paid-in
capital at the time of issuance. For issued or modified warrants that do not
meet all the criteria for equity classification, such warrants are required to
be recorded at their initial fair value on the date of issuance, and each
balance sheet date thereafter. Changes in the estimated fair value of
liability-classified warrants are recognized as a
non-cash
gain or loss on the statements of operations.
Class A Ordinary Shares Subject to Possible Redemption
We account for our Class A ordinary shares subject to possible redemption in
accordance with the guidance in Accounting Standards Codification ("ASC") Topic
480, "Distinguishing Liabilities from Equity." Class A Ordinary shares subject
to mandatory redemption is classified as a liability instrument and is measured
at fair value. Conditionally redeemable ordinary shares (including ordinary
shares that features redemption rights that is either within the control of the
holder or subject to redemption upon the occurrence of uncertain events not
solely within our control) is classified as temporary equity. At all other
times, ordinary shares are classified as shareholders' equity. Our Class A
ordinary shares feature certain redemption rights that are considered to be
outside of our control and subject to occurrence of uncertain future events.
Accordingly, Class A ordinary shares subject to possible redemption is presented
as temporary equity, outside of the shareholders' equity section of our balance
sheet.
Net Income (Loss) per Ordinary Share
We apply the
two-class
method in calculating earnings per share. Net income per ordinary share, basic
and diluted for Class A redeemable ordinary shares is calculated by dividing the
interest income earned on the Trust Account by the weighted average number of
Class A redeemable ordinary shares outstanding since original issuance. Net loss
per ordinary share, basic and diluted for Class B
non-redeemable
ordinary shares is calculated by dividing the net income (loss), less income
attributable to Class A redeemable ordinary shares, by the weighted average
number of Class B
non-redeemable
ordinary shares outstanding for the periods presented.
Recent Accounting Standards
Management does not believe that any other recently issued, but not yet
effective, accounting standards, if currently adopted, would have a material
effect on our financial statements.

© Edgar online, source Previews


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International Paper (NYSE: IP) upgraded to be owned by Zacks Investment Research https://amiyasahu.com/international-paper-nyse-ip-upgraded-to-be-owned-by-zacks-investment-research/ Tue, 28 Dec 2021 17:52:20 +0000 https://amiyasahu.com/international-paper-nyse-ip-upgraded-to-be-owned-by-zacks-investment-research/ International paper (NYSE: IP) has been improved by Zacks investment research from a “sale” note to a “keep” note in a research report published on Tuesday, Zacks.com reports. The brokerage currently has a target price of $ 49.00 on the shares of the commodities company. Zacks investment researchThe company’s target price would suggest a potential […]]]>

International paper (NYSE: IP) has been improved by Zacks investment research from a “sale” note to a “keep” note in a research report published on Tuesday, Zacks.com reports. The brokerage currently has a target price of $ 49.00 on the shares of the commodities company. Zacks investment researchThe company’s target price would suggest a potential rise of 5.31% from the company’s previous close.

According to Zacks, “International Paper is likely to benefit from strong demand in its end markets. In the industrial packaging segment, the company continues to witness strong demand for corrugated and cardboard packaging. The global cellulose fiber segment is riding strong consumer demand for pulp. However, it suffers the brunt of supply chain challenges, labor shortages and higher input costs across all segments. International Paper expects costs for recovered fiber, energy, chemicals, lumber and distribution to increase in the next quarter. unprecedented port congestion and vessel delays could impact the company’s shipments. The company recently said inflated costs and the impact of the Prattville paper mill outage would likely impact fourth-quarter earnings by $ 95 million to $ 105 million.

Intellectual property has been the subject of several other reports. Exane BNP Paribas downgraded International Paper from an “outperforming” rating to a “neutral” rating and set a target price of $ 60.00 on the share. in a research note on Tuesday, October 19. Wells Fargo & Company lowered its price target on International Paper from $ 85.00 to $ 78.00 and set an “overweight” rating on the stock in a Friday October 8 research note. Royal Bank of Canada raised its price target on International Paper from $ 53.00 to $ 57.00 and assigned the company a “sector performance” rating in a research note on Thursday, October 28. KeyCorp reduced its price target on International Paper from $ 50.00 to $ 44.00 and set an “underweight” rating on the stock in a research note on Monday, November 8. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a price target of $ 60.00 on International Paper shares in a research note on Tuesday, October 19. Three investment analysts rated the stock with a sell rating, eight issued a conservation rating, and five gave the company a buy rating. According to MarketBeat data, International Paper currently has a consensus rating of “Hold” and an average target price of $ 58.47.

(A d)

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Actions of NYSE IP traded up $ 0.20 during Tuesday’s noon session, reaching $ 46.53. 59,379 shares of the company were traded, for an average volume of 4,675,276. The company has a leverage ratio of 0.86, a current ratio of 2.11 and a rapid ratio of 1.67. International Paper has a twelve month low of $ 43.87 and a twelve month high of $ 65.27. The company has a market cap of $ 18.02 billion, a PE ratio of 10.20 and a beta of 0.99. The company’s fifty-day simple moving average is $ 48.20 and its 200-day simple moving average is $ 54.96.

International Paper (NYSE: IP) last released its quarterly results on Wednesday, October 27. The basic materials company reported EPS of $ 1.35 for the quarter, missing the consensus estimate of $ 1.46 of ($ 0.11). The company posted revenue of $ 5.71 billion for the quarter, compared to $ 5.84 billion according to analysts’ estimates. International Paper recorded a return on equity of 18.42% and a net margin of 8.20%. The company’s quarterly revenue increased 11.5% year-over-year. During the same period last year, the company achieved EPS of $ 0.71. Equity analysts predict that International Paper will post an EPS of 4.13 for the current fiscal year.

International Paper announced that its board of directors on Tuesday, October 12, authorized a share buyback program allowing the company to buy back $ 2.00 billion in shares. This buyback authorization authorizes the commodities company to buy back up to 9.2% of its shares by way of purchase on the market. Share buyback programs are usually a sign that the board of directors of the company feels its shares are undervalued.

A number of institutional investors and hedge funds have recently changed their holdings of equities. Holderness Investments Co. increased its position in International Paper shares by 1.0% in the second quarter. Holderness Investments Co. now owns 18,666 shares of the basic materials company valued at $ 1,144,000 after purchasing an additional 180 shares during the period. Profund Advisors LLC increased its position in International Paper shares by 3.5% in the second quarter. Profund Advisors LLC now owns 5,362 shares of the basic materials company valued at $ 330,000 after purchasing an additional 182 shares during the period. Kestra Private Wealth Services LLC increased its position in International Paper shares by 2.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 8,925 shares of the basic materials company valued at $ 499,000 after purchasing an additional 193 shares during the period. Fifth Third Bancorp increased its position in International Paper shares by 4.1% in the second quarter. Fifth Third Bancorp now owns 4,944 shares of the basic materials company valued at $ 303,000 after purchasing 194 additional shares during the period. Finally, Green Square Capital Advisors LLC increased its position in International Paper shares by 0.5% during the 3rd quarter. Green Square Capital Advisors LLC now owns 36,091 shares of the basic materials company valued at $ 2,018,000 after purchasing 197 additional shares during the period. 81.47% of the shares are held by hedge funds and other institutional investors.

About International Paper

International Paper Co is engaged in the manufacture of paper and packaging products. It operates in the following segments: industrial packaging, global cellulose fibers and printing papers. The industrial packaging segment includes containerboard manufacturing, including linerboard, medium board, whiteboard, recycled liner, recycled board and saturating kraft.

See also: Negotiation after opening hours

Get a Free Copy of Zacks’ International Paper (IP) Research Report

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Analyst Recommendations for International Paper (NYSE: IP)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

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COVID-19, Financial Hardship Contributing To Mental Health Problems While On Vacation https://amiyasahu.com/covid-19-financial-hardship-contributing-to-mental-health-problems-while-on-vacation/ Fri, 24 Dec 2021 22:40:52 +0000 https://amiyasahu.com/covid-19-financial-hardship-contributing-to-mental-health-problems-while-on-vacation/ “A year ago, I actually heard more despair than I hear now. Now people are used to it, so I don’t hear the desperation as much as the frustration of, when is this going to end? ” said Bemel. Some Minnesotans told 5 EYEWITNESS NEWS they felt increased stress over school closures and childcare complications, […]]]>

“A year ago, I actually heard more despair than I hear now. Now people are used to it, so I don’t hear the desperation as much as the frustration of, when is this going to end? ” said Bemel.

Some Minnesotans told 5 EYEWITNESS NEWS they felt increased stress over school closures and childcare complications, confusion over the new omicron variant of the virus, and tension with limbs. family about masking and vaccines.

“At the end of the day, I know I’m not the only person in trouble, everyone is doing it,” said Keely Biddlecom of Maple Grove. “For me, paying my bills and trying to make Christmas happen, especially when you have kids, is very stressful.”

Elaine Castile of Minneapolis added, “When I walked into my garage this morning my tire was flat. It’s not a good feeling, especially when your pocket is for Christmas.”

Bemel encourages Minnesotans to take a holistic perspective on the stressors that can build up in their lives.

“It’s easy to fall into, oh my gosh, things have never been so bad,” Bemel said. “But those feelings and thoughts, if they are extremely uncomfortable, they will pass. Remember you are not going to feel this forever.”

Bemel helps his patients deal with difficult feelings and tries to give practical advice on how to deal with the blues.

“Some are basic and general personal care. Let’s not forget the importance of going outside. I tell my patients that going out every day is not an option, it is a form of treatment,” said Bemel.

She also recommends getting daily exercise to help restore both your body and your mind.

“Another idea, do something you’ve never done before. Do something creative. Do something you never would have thought of in your wildest dreams, as it can change the chemicals in our minds. and our bodies and can activate what we call neuropathways, new ways of learning and being with ourselves, ”said Bemel.

She encourages Minnesotans to connect with other people, animals and nature when they are feeling stressed.

And she suggests sticking to an established routine.

“We all love exciting new surprises, but think back to Kindergarten and Preschool. It’s that structure that helps us feel safe and self-regulate,” Bemel said.

And for people who spend the holidays sick, in quarantine, or away from friends and family, she recommends acknowledging difficult feelings but not dwelling on them.

“It’s a blip on the screen. Remember we have other vacations we can look forward to. This is just one of many,” Bemel said.


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