PayPal Holdings Inc (PYPL) Stock Pops on Earnings, But Trouble Is Brewing
PayPal earnings beat the consensus nicely, pushing PYPL stock to another all-time high. But the company hasn't solved a pivotal issue.
A Look at PayPal’s Strong Quarter
It’s hard to criticize PayPal earnings too strongly. After all, 17% revenue growth is nothing to sneeze at. Operating margins expanded 50 basis points, showing some leverage in the model. Earnings per share increased 19%, narrowly outpacing the top line increase.
It is better to own a small percentge of a large(big cap) profitable company then to have a huge portion of a small(small cap) and non-profitable company.
It seems BlackBerry (NASDAQ: BBRY) is in luck. The enterprise software provider won a court order yesterday which temporarily lifts the Chapter 11 litigation stay on Avaya. This allows BlackBerry to continue its patent infringement case against Avaya without any regulatory hurdles. Although the battle is still half won, it does position BlackBerry favorably to receive another payday from a lawsuit filing.
BlackBerry Ltd shares (BB.TO 2.42%) (BBRY.O) surged to a four-year high in Toronto on Tuesday, extending a two-month rally spurred on by expectations for strong growth in the fast-expanding cyber security and automotive software markets.
The Canadian shares climbed as much as 9.4 per cent to $15.34. As of early afternoon, volume was at about 3 million shares, nearly triple the full-day three-month average.
The rally followed an announcement by Ford Motor Co (F.N 0.81%) on Friday that the automaker planned to start updating software on its vehicles using a wireless system to enhance security based on BlackBerry technology.
United Engineers owners said to pick Pua's Perennial for final talks
By:
Bloomberg
31/05/17, 06:22 pm
SINGAPORE (May 31): United Engineers’ largest shareholders picked Perennial Real Estate Holdings for final talks to buy the century-old Singapore property group, people with knowledge of the matter said.
Perennial, led by Chief Executive Officer Pua Seck Guan, edged out other suitors including KKR & Co. and SingHaiyi Group that also submitted final bids, the people said, asking not to be identified because the information is private. An agreement could be reached as soon as next month for United Engineers, which has a market value of $1.7 billion, according to one of the people.
Any deal will add to the US$11.6 billion ($16 billion) of acquisitions in Singapore’s real estate industry over the past 12 months, data compiled by Bloomberg show. A buyer of United Engineers would gain a property portfolio that includes Singapore shopping centers like Rochester Mall and mixed-used developments such as UE BizHub City, as well as condominiums, hotels and serviced apartments, according to its website.
