Business & Finance

CoreCivic pivots to new finance strategy, counter negative publicity

dnrt8765 8 months ago

Private prison giant CoreCivic is seeking to counter negative publicity and reverse its falling stock as the national criminal justice reform debate plays out at a South Nashville prison. 

CoreCivic, based in Nashville’s Brentwood suburb, announced a financial restructuring this week that will shift profits to paying down debt and investing in new and improved properties while reducing its dependence on credit lenders. 

The company will revert to a C corporation for the second time in seven years. Its stint as a real-estate investment trust (REIT) will end at the beginning of next year. The change will increase its taxes

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Kodiak Sciences Announces Second Quarter 2020 Financial Results and Recent Business Highlights

dnrt8765 8 months ago

PALO ALTO, Calif., Aug. 10, 2020 /PRNewswire/ — Kodiak Sciences Inc. (Nasdaq: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases, today reported business highlights and financial results for the second quarter ended June 30, 2020.

“We have made strong progress across the entire company this quarter— clinical, manufacturing, research and corporate. I am very proud of how our growing Kodiak community has continued to execute in the midst of the ongoing global pandemic,” said Victor Perlroth, MD, Chief Executive Officer of Kodiak. “There is a high unmet need

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A Look At The Intrinsic Value Of Alpha Financial Markets Consulting plc (LON:AFM)

dnrt8765 8 months ago

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Alpha Financial Markets Consulting plc (LON:AFM) as an investment opportunity by projecting its future cash flows and then discounting them to today’s value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!

Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look

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How financial firms in Hong Kong may be affected by U.S. sanctions

dnrt8765 8 months ago

By Alun John and Scott Murdoch

HONG KONG (Reuters) – The United States has imposed sanctions on Hong Kong Chief Executive Carrie Lam and 10 other top Hong Kong and Chinese officials over what Washington says is their role in curtailing political freedoms in the territory.

The sanctions, which came on Aug. 7, more than a month after Beijing imposed national security legislation on Hong Kong, will freeze any U.S. assets of the officials and generally bar Americans and American companies from doing business with them.

The security law, which has drawn condemnation from Western governments, was imposed in late

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