Month: February 2020

EP Investment Club

Meeting Minutes for 2020-02-20

Attendees: Grant, Nicky, Greg, Craig General: Left over 2019 petty cash in account – we will leave there for misc expenses Bivio tax reports will be done soon Pitches Add to awk Add to goog Buy Square (SQ) Buys Add to awk Add to goog Square (SQ)

$WM Stock Update

Steady rise of 11% in the last month. WM reported mixed fourth-quarter 2019 results: Earnings per share of $1.19 beat the consensus mark by 1.7% and were up 5.3% year over year. Revenues of $3.85 billion missed the consensus estimate by 2.6% but increased slightly year over year. Acquisition of Ponte Vedra, Florida-based Advanced Disposal …

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$SPOT Stock Update

Earnings loss of $1.26, analysts’ expectations for a loss of 16 cents. Its revenue of $2.04 billion, missing expectations for $2.09 billion. Spotify reported a better-than-expected rise in premium subscribers – 124 million subscribers to its premium ad-free service – 2 million ahead of analyst estimates. Spotify acquired the Ringer in bid to further expand …

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$RNG Stock Update

Fourth Quarter Financial Highlights Total revenue increased 34% year over year to $253 million. Subscriptions revenue increased 33% year over year to $229 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 32% year over year to $960 million. RingCentral Office® ARR increased 36% year over year to $877 million. Mid-market and Enterprise ARR increased 59% year …

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$EA Stock Update

Less-than-stellar fourth-quarter revenue forecast, which was weaker than expected due to its delayed launch of its basketball game “NBA Live.” Earnings of $2.79 per share, beating estimates of $2.52 per share. This compares to earnings of $2.08 per share a year ago. This quarterly report represents an earnings surprise of 10.71%. A quarter ago, it …

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$BAC Stock Update

Earnings beat (investment banking and underwriting fees), up from last year Rated a buy The market witnessed Fed rate cuts tree times in 2019. Markets are predicting another cut in 2020. “Although the low interest rate environment will continue to crimp the big banks’ lending margins, the demand for loan is likely to improve. To …

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