One day many years ago, I found myself stuck in traffic and noticed a peculiar sign. It said something about the construction that was going on — the very thing that was hampering my commute.
It said all this construction was being funded by a bond. This was before I had ever started my career in finance, so bonds were an unfamiliar thing. But when I began my investment career, I soon realized that I could actually invest in these things. And the more I learned, the more I was ecstatic.
After all, If you can’t beat ’em, might as well make money off them…
You see, these types of bonds have a name — general obligation bonds — a type of municipal, or “muni” bond for short. These bonds are used for everything from helping fund road construction to building schools, bridges, water infrastructure and other public buildings. As I became more familiar with municipal bonds, I quickly became a fan. In fact, in my experience, muni-bonds are one of the safest ways for investors to earn income in today’s market — while also beating the tax man. (More on that in a moment.)
Best Safest Stocks For 2023: iAnthus Capital Holdings, Inc. (ITHUF)
iAnthus Capital Holdings Inc, formerly Genarca Holdings Ltd., is a Canada-based company which provides financing and related management and advisory services to operators engaged in the cultivation, manufacturing and dispensing of cannabis in states throughout the United States. The Company supports a portfolio of cannabis industry investments for its shareholders, including direct equity investments in for-profit license holders and lending facilities coupled with management services to not-for-profit license holders. The Company has invested in finance and management partnerships in approximately four states, comprising over eight licenses, approximately nine dispensaries and over four cultivation facilities. The Company provides an investment opportunity in licensed operations across various United States cannabis markets. The Company’s subsidiary is iAnthus Capital Management, LLC. Advisors’ Opinion:
- [By Sean Williams]
There’s also the more than $600 million deal between iAnthus Capital Holdings (NASDAQOTH:ITHUF) and MPX Bioceutical, which recently closed. Following closure, iAnthus Capital now has a presence in 11 U.S. states, with 19 open dispensaries. However, the combined retail dispensary license count is 63, meaning iAnthus has a path to significant storefront growth, and a planned tripling in its cultivation capacity, too.
- [By Sean Williams]
For instance, iAnthus Capital Holding (NASDAQOTH:ITHUF) recently completed the largest U.S. deal to date by purchasing MPX Bioceutical for around $600 million. (This deal will be eclipsed by MedMen’s purchase of PharmaCann, once that deal closes.) Though it’s unclear what sort of premium iAnthus paid for MPX Bioceutical as of yet, a quick glance at iAnthus Capital’s balance sheet shows that 55% of its total assets are currently tied up in goodwill. Since the dispensary space will presumably have plenty of competition, it’s unclear if iAnthus (or other acquisition-hungry dispensaries) will be able to recoup the premium it’s paid to buy other businesses. This leaves the door open for hefty future writedowns.
- [By Sean Williams]
With this in mind, here are the pot stocks offering the highest revenue potential in fiscal 2019, listed in descending order:
Aurora Cannabis (NYSE:ACB): $244.5 million The Green Organic Dutchman: $227.1 million Canopy Growth (NYSE:CGC): $190.4 million MedMen Enterprises: $188.9 million iAnthus Capital Holdings (NASDAQOTH:ITHUF): $181.4 million Village Farms International: $147.6 million GW Pharmaceuticals: $123 million KushCo Holdings (NASDAQOTH:KSHB): $117.9 million Aphria (NYSE:APHA): $107.4 million CannTrust Holdings: $105.5 million
Image source: Getty Images.
- [By Sean Williams]
It’s not even just a Canadian problem. iAnthus Capital Holdings (NASDAQOTH:ITHUF), a vertically integrated cannabis dispensary with a focus on the U.S. market, recently closed on its purchase of MPX Bioceutical. This roughly $600 million deal increases the number of states iAnthus has access to from six to 11, and lifts its retail license count to 63. But take a gander at its most recent quarterly filing and you’ll see that CA$7.2 million in goodwill has not so magically transformed into CA$75.9 million in goodwill over a nine-month period, through Sept. 30, 2018. This represents 55% of the company’s total assets.
Best Safest Stocks For 2023: TEGNA Inc.(TGNA)
TEGNA Inc., formerly Gannett Co., Inc., incorporated on February 23, 1972, includes a portfolio of media and digital businesses that provide content. The Company operates through two segments: TEGNA Media (Media Segment) and TEGNA Digital (Digital Segment). The Company’s media business includes approximately 50 television stations operating in over 40 markets and offers television programming and digital content. Its digital business consists of its Cars.com and CareerBuilder business units that operate in the automotive and human capital solutions industries.
TEGNA Media (Media Segment)
The Company’s Media segment includes core advertising, including local and national non-political advertising; political advertising during elections; retransmission that represents satellite and cable networks, and telecommunications companies to carry its television signals; digital that includes digital marketing services and advertising on the stations’ Websites, tablet and mobile products, and other services, such as production of programming from third parties and production of advertising material. The Company offers its television stations to approximately 40 million households. It includes an independent station group of network affiliates. Each television station has a digital presence, including mobile, to reach consumers across platforms. The Company’s television stations also produce local programming, such as news, sports and entertainment.
TEGNA Digital (Digital Segment)
The Company’s Digital business segment consists of over four business units, including Cars.com, CareerBuilder, G/O Digital and Cofactor. Cars.com informs digital marketing strategies through consumer insights and products, enabling automotive dealers and manufacturers reach in-market car shoppers. Cars.com hosts approximately over 4.5 million vehicle listings and serves approximately 21,000 customers that are primarily franchise and independent car dealers in the United States. Cars.com also provides information about repair shops and enables consumers to get estimates on vehicle repairs. CareerBuilder service offerings include human capital software-as-a-service (SaaS) and various other recruitment solutions (employment branding services and access to online resume databases). CareerBuilder helps companies with recruitment process steps. CareerBuilder operates job sites in North America. CareerBuilder offers a pre-hire platform and provides sourcing and mass job distribution, labor market analysis, workflow and automatic candidate relationship management. CareerBuilder offers its services in the United States, Europe, Canada, Asia, Australia and South America. G/O Digital offers digital marketing services for local businesses. G/O Digital enables local businesses to connect with media consumers through digital marketing, including search, social and e-mail advertising. Cofactor, which also operates as ShopLocal, offers a suite of digital advertising solutions. Cofactor enables brands and retailers to engage shoppers with advertising content. Cofactor delivers advertising content to shoppers through online circulars, display advertising, search, social media, video and mobile.
- [By Jason Hawthorne (tmfbonefish)]
Shares of TEGNA (NYSE:TGNA) — the media company previously known as Gannett — have climbed nearly 20% so far this week as of Thursday afternoon. The move comes on rumors that the company is entertaining offers for a buyout.
- [By Motley Fool Transcribers]
TEGNA Inc (NYSE:TGNA)Q4 2018 Earnings Conference CallMarch 01, 2019, 8:30 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Daniel Sparks]
Media and TV broadcasting company TEGNA (NYSE:TGNA) jumped on Friday. Shares rose as much as 18.3%. As of 12:02 p.m. EST, the stock was up 14.7%.
The stock’s gain follows TEGNA’s fourth-quarter results, which included better-than-expected revenue and earnings per share and record free cash flow.
Best Safest Stocks For 2023: Blue Nile Inc.(NILE)
Blue Nile, Inc. operates as an online retailer of diamonds and fine jewelry worldwide. Its fine jewelry selection includes diamond, gemstone, platinum, gold, pearl and sterling silver jewelry, and accessories, as well as wedding bands, earrings, necklaces, pendants, bracelets, and watches. Blue Nile, Inc. sells its products through the Web sites bluenile.com, bluenile.ca, and bluenile.co.uk. The company was formerly known as Internet Diamonds, Inc. and changed its name to Blue Nile, Inc. in November 1999. Blue Nile, Inc. was founded in 1999 and is headquartered in Seattle, Washington.
- [By Stephan Byrd]
News headlines about Blue Nile (NASDAQ:NILE) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blue Nile earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.0484134103501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Best Safest Stocks For 2023: Atmos Energy Corporation(ATO)
Atmos Energy Corporation (Atmos Energy), incorporated on February 6, 1981, is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South. The Company also operates intrastate pipelines in Texas based on miles of pipe. The Company operates through the following three segments: The regulated distribution segment, which includes regulated distribution and related sales operations; the regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline Texas Division and the nonregulated segment, which includes nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
Regulated Distribution Segment
The regulated distribution segment is comprised of six regulated natural gas distribution divisions. The Company operate in its service areas under terms of non-exclusive franchise agreements granted by the various cities and towns that it serves. As of September 30, 2014, the Company held 1,003 franchises having terms ranging from five to 35 years. The major franchises of the Company in this segment are located at Mid-Tex, Kentucky/Mid-States, Louisiana, West Texas, Mississippi and Colorado-Kansas. The major suppliers during fiscal 2014 were ConocoPhillips Company, Devon Gas Services, L.P., Enbridge Marketing (US) Inc., Enterprise Products Operating LLC, Iberdrola Energy Services, LLC, NJR Energy Services Company, Targa Gas Marketing LLC, Tenaska Gas Storage, LLC, Tenaska Marketing Ventures, Texla Energy Management, Inc. and Atmos Energy Marketing, LLC, its natural gas marketing subsidiary. This segment represents approximately 65 percent of the Company’s consolidated net income.
Regulated Pipeline Segment
The regulated pipeline segment consists of the regulated pipeline and storage operations of the Company’s Atmos Pipeline Texas Division (APT). APT is intrastate pipeline operations in Texas with a heavy concentration in the established natural gas-producing areas of central, northern and eastern Texas, extending into or near the major producing areas of the Barnett Shale, the Texas Gulf Coast and the Delaware and Val Verde Basins of West Texas. Through it, the Company transport natural gas to its Mid-Tex Division and to third parties and manage five underground storage reservoirs in Texas. The segment also provide ancillary services customary in the pipeline industry including parking and lending arrangements. This segment represents approximately 30 percent of the Company’s consolidated net income.
The Company’s nonregulated activities are conducted through Atmos Energy Holdings, Inc. (AEH), which is a wholly owned subsidiary of Atmos Energy Corporation and operates primarily in the Midwest and Southeast areas of the United States. In its nonregulated operations, it buys, sells and delivers natural gas at prices by aggregating and purchasing gas supply, arranging transportation and storage logistics and managing commodity price risk. This segment represents approximately five percent of the Company’s net income.
- [By Motley Fool Transcribing]
Atmos Energy (NYSE:ATO) Q1 2019 Earnings Conference CallFeb. 6, 2019 8:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Reuben Gregg Brewer]
Utility stocks are generally considered conservative investments that reward shareholders over the long term with sizable dividends that grow slowly and steadily over time. With the S&P 500 Index’s yield hovering around 2%, the bar for yield is set pretty low today. That said, investors should think twice before jumping at utilities like UGI Corporation (NYSE:UGI), Atmos Energy Corporation (NYSE:ATO), and MGE Energy, Inc. (NASDAQ:MGEE), which offer little if any yield advantage over an S&P 500 Index fund.
- [By Shane Hupp]
Natixis lifted its stake in shares of Atmos Energy Co. (NYSE:ATO) by 577.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 176,027 shares of the utilities provider’s stock after buying an additional 150,051 shares during the quarter. Natixis owned about 0.16% of Atmos Energy worth $15,867,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Max Byerly]
Shares of Atmos Energy Co. (NYSE:ATO) have received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $90.14.
Best Safest Stocks For 2023: STORE Capital Corporation(STOR)
S|T|O|R|E is an internally managed netlease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, or STORE Properties, which is our target market and the inspiration for our name. A STORE Property is a real property location at which a company operates its business and generates sales and profits, which makes the location a profit center and, therefore, fundamentally important to that business.
S|T|O|R|E continues the investment activities of our senior leadership team, which has been investing in singletenant operational real estate for over 35 years. We are one of the largest and fastestgrowing netlease REITs, and own a large, welldiversified portfolio that consists of investments in 1,325 property locations operated by more than 300 customers across 46 states as of December 31, 2015. Advisors’ Opinion:
- [By Stephan Byrd]
Store Capital Corp (NYSE:STOR) – Stock analysts at Capital One Financial issued their FY2020 earnings per share (EPS) estimates for Store Capital in a research note issued to investors on Wednesday, March 6th. Capital One Financial analyst C. Lucas anticipates that the real estate investment trust will post earnings of $2.01 per share for the year.
- [By Travis Hoium, Matthew DiLallo, and Todd Campbell]
Three of our Motley Fool contributors rounded up their favorite high-yield stock and Store Capital (NYSE:STOR), Kinder Morgan (NYSE:KMI), and TerraForm Power (NASDAQ:TERP) made the list. Here’s why they like them so much.
- [By Eric Volkman]
The equity portfolio of Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) has a grand total of one real estate investment trust (REIT) — Store Capital (NYSE:STOR). That alone says something about the company.