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Financial News

261
Is This the Quarter That Kills MoviePass?

1h 247wallst
Helios and Matheson Analytics Inc. (NASDAQ: HMNY), the parent company of MoviePass, is continuing to hemorrhage cash. The company is on the verge of collapse, and its most recent update to investors is not helping its case.
HMNY

97
Constellation boosts bet on global pot in US$3.8 bil deal

12m theedgemarkets
(Aug 15): Constellation Brands Inc is spending C$5 billion (US$3.8 billion) to boost its stake in Canadian cannabis grower Canopy Growth Corp, betting legalization of the drug will continue to gain traction in the U.S. and around the world.
STZ.B TWMJF WEED DTK STZ HEIA CGC

97
US stocks sink amid renewed worries over Turkey

1h malaymail
NEW YORK, Aug 15 — Wall Street stocks tumbled early today as renewed worries about Turkey offset solid US retail sales data.
STZ.B TWMJF WEED STZ CGC

97
Constellation Brands invests $5B in Canopy Growth

2h cbc.ca
Constellation Brands, a massive alcohol beverage company, is investing $5 billion into Smiths Falls, Ont.-based cannabis company Canopy Growth.
STZ.B TWMJF WEED STZ CGC

97
Constellation Brands invests $5B to boost stake in pot producer Canopy Growth

2h thestar
This copy is for your personal non-commercial use only. To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.com
STZ.B TWMJF WEED STZ CGC

153
What Are Millennials Spending Money On? - Cramer's Mad Money (8/14/18)

4h seekingalpha
Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday, August 14.
HD RDFN TPR RAD WBA KATE CVNA CVS AAP AET

155
Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2018 Update

5h seekingalpha
Berkshire Hathaway increased US Bancorp, Goldman Sachs, Southwest Airlines, and Delta Airlines while reducing Phillips 66.
LBTY PSX THI UAL QSR.WI SIRI MLUSG LBTYK LILAB VRSK BAC BKW UPS USGPF MDLZ SYF TMK BRK.A JNJ BK LILAK VZ BATRA LSXMB WFCNP TMK BATRK LSXMA BATRR VZA STOR BAC CHTR AAPL MON BATRB GM USG QSR DAL WFC FWONB COST LBTYB MA VRSN LBTYA AXTA SNY FWONA V SRG KHC FWONK LSXMK LILA

98
Marijuana Grower Gets $4 Billion Investment From Constellation Brands

3h 247wallst
Beverage maker and distributor Constellation Brands Inc. (NYSE: STZ) and Canadian marijuana grower Canopy Growth Corp. (NYSE: CGC) announced that Constellation will increase its ownership stake in Canopy by acquiring 104.5 million shares at a price of C$48.60 per share. The investment is valued at just over C$5 billion ($4 billion in U.S. dollars).
STZ.B TWMJF WEED STZ CGC

114
Stocks making the biggest moves premarket: STZ, EGN, GSK, WMT & more

4h cnbc
Constellation Brands – The spirits producer is investing $4 billion in Canadian cannabis company Canopy Growth, increasing its ownership stake to 38 percent through the exercise of warrants it holds. Constellation is buying the shares at a 51.2 percent premium to yesterday's closing price.
WFCNP STZ.B LMT WDC ONCE SHLD TWMJF WEED BLUE WFC A STZ CGC BRK.A SHLDW FANG

99
Corona maker invests $4 billion more in pot producer Canopy

4h reuters
(Reuters) - Constellation Brands Inc (STZ.N) said on Wednesday it would invest $4 billion (C$5.24 billion) more in Canopy Growth Corp (WEED.TO), raising its stake in the Canadian marijuana producer to 38 percent.
STZ.B TWMJF WEED STZ CGC

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Latest Activist 13D and 13G Filings

Every investor that acquires 5% of a company is required to file a beneficial ownership filing, which is either a Form 13D or Form 13G, within ten (10) days of the event. If the investor intends to influence management, then they are considered an activist investor and must file a 13D. There is evidence that suggests investing alongside activist investors is a stock market investing strategy that can produce excess returns. This free screener shows all of the required Schedule 13D filings made by activist investors.

Stock Screens

Stock screens allow users to filter the companies listed on the stock market by various attributse, in order to screen out those that are undesirable. Stock screens on Fintel are made from a rich formula language that allows the utmost flexibility.

The fundamental task in investing is finding mispricings in price v. quality. There are a lot of cheap companies in the market, but most of them are cheap for very good reasons. The trick is finding companies that are cheap but actually healthy. In 2000, Joseph Piotroski wrote a paper in which he described a mathematical model that turned data from financial reports into a simple 9-point score that described a company’s health. He showed that this score, combined with a valuation metric (he used Book-To-Market), could be used successfully to produce excess returns in an investing strategy. This stock screener finds all companies with a score greater than six (which we call “healthy enough”). In his work, he suggested taking a list like this and buying the cheapest of that list. Note that many people believe, incorrectly, that buying companies with the best score is the proper approach, but they end up overpaying for quality. Remember, the goal is to find mispricings in price and quality, not overpay for high quality.  
Companies with Return on Invested Capital (ROIC) > 15%  
Finds all companies with an activist investor filing in the last year  
Finds companies where Price to Book Value < 1.0;  
Companies with negative enterprise value generally get this way because they have a lot of cash. (Cash is subtracted when calculating EV). There is some evidence that negative enterprise value companies outperform the market, so companies matching this screen might be undervalued.  
For investors desiring income over capital appreciation, companies that pay dividends regularly are a great way to generate a steady cash flow. As in any purchase, the goal is to get most value for your dollar, and with dividends, a key metric is dividend yield. The dividend yield is the annual dividend paid divided by the current share price. Higher yields are better. This stock screen finds all securities with a dividend yield greater than 4%.  
This stock screen finds microcap companies with positive annual revenue.  
This is Benjamin Graham's Net Net Working Capital Screen  
The Net Current Asset Value (NCAV) is a conservative valuation metric popularized by Benjamin Graham. To calculate it, simply subtract the total liabilities from a company’s current assets. To calculate NCAVPS (Net Current Asset Value Per Share), divide the NCAV by the number outstanding shares. This stock screener takes Ben Graham’s more conservative approach and uses ⅔ of the NCAV.