urbanSTL

sc4mayor wrote: ↑

May 19, 2020

Fortune 500 list is out.  St. Louis has 8 companies on the list, down one from last year with the struggles of Peabody and the coal industry.

14 total companies on the Fortune 1000 list in St. Louis.

Bunge is probably big enough to make the list but I guess their structure precludes them from being included.

https://www.stltoday.com/business/colum ... 40af9.html

Yeah, I think Bunge's incorporation in Bermuda precludes it from being included on the list. 
Kind of surprised Energizer didn't climb more following its acquisition of Rayovac. 

Spire BARELY missed the cut for the Fortune 1,000. They're likely to be in next year as other industries take a greater hit from Covid-19. However, Arch Resources will likely fall out in the next year or two as their industry is increasingly obsolete. 

Unfortunate to lose Edgewell from our roster Fortune 1,000 companies with their relocation to Connecticut. Bellring has a long way to go to replace the loss, needing to at least double revenue. 

Centene will climb another 9 or 10 spots next year with the WellCare acquisition, vaulting it above such bluechips as Boeing, IBM, Target, Johnson & Johnson and General Electric. 

chaifetz10 wrote: ↑

May 20, 2020

And don't forget about WWT - They'd be somewhere around #250 based on what they've reported revenue wise.

I believe there's a cut-off for number of shareholders. Companies can be privately held, but still have to meet a threshold of private shareholders, which Edward Jones and Graybar do. Enterprise, WWT, Schnucks Markets, etc... simply don't have enough shareholders to qualify, even if their revenue would. 

With Hertz going bankrupt and all the layoffs I can't imagine Enterprise is in that great of shape currently. Thankfully I think they are somewhat more diversified than Hertz is.

Interesting that Herz is blaming frozen used car market for bankruptcy:
https://www.wsj.com/articles/hertz-blam ... 1590430033

^That's surely not helping Enterprise either, since they do a lot of used car sales now. Only makes sense with a fleet that size, really. On the other hand, hopefully they're better positioned to weather this awful and will come out the other side swinging. Car rental won't go away permanently, and they've been getting into car sharing as well. Heck, if all the self-driving car balyhoo pans out they could even do well with that. Just so long as they get through the present crunch. (Which I don't doubt they will.)

Oh lord, Icahn? Hasn't he already done enough financial malice to enough people? . . . What will he break next?

gone corporate wrote: ↑

May 28, 2020

^ Barron's: Carl Icahn Logs Nearly $2 Billion Loss as He Sells All Hertz Stock

Icahn was Hertz' top shareholder with 55.3MM shares of HTZ, about 39% of the company's equity, which he had acquired for $1.88BB. He sold it all for about $0.72/share, recognizing a loss of around $1.84BB. He says he believes in the future of HTZ and supported the board's actions to move the company into bankruptcy, but he's cutting his losses and running. Can't blame him, especially if/when we have more epidemic outbreaks. 

Keep hope alive for Enterprise. They're stronger than HTZ, but they're getting beat up right now. If you've got to rent a car, definitely choose an Enterprise brand.

But what does all this mean for my Presidents Circle status with Hertz?!?!?    I got 22 trips from June to Dec on the books, I guess it’s time to switch to enterprise.


Does Hertz differ from Enterprise when it comes to sells of its car? Enterprise seems to be a more of direct to consumers model, does Hertz do that or do they sell to dealers? In times like this you’d think the used car market would still play since people don’t want to pay the premium for buying new

I've bought a couple of used cars from Enterprise. Sure, people drive them like sh*t and beat the hell out of them, but mechanically they're very well maintained.  

^No worries, GC. I always rent Enterprise. Cars, vans, even trucks sometimes. I'm a regularish customer. My brother-in-law works for them so I get friends and family. It's not really a huge discount, but it's plenty of incentive to keep me in the brand. Rented a Vauxhall Insignia from them for fully three months last year. Kind of a messy situation, but . . . hey. It was a clean, comfortable car that took me all over the blinking UK. We will not discuss the malice done to the wheels by a right side driver in a left side world, but that's why I get the good insurance.

Yes, I am holding out hope for Enterprise. Not least of all because of the brother in law. It's a well run company offering a good product. Demand is artificially low right now, but I sincerely hope it will rebound quickly once we have a solution to the problem.

Wells Fargo slashes dividend to 10 cents after 2.4 billion dollar quarterly loss

https://www.cnbc.com/2020/07/14/wells-f ... -2020.html


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PD with a follow up on office development.   Behind paywall so not sure if any good tidbits if someone can share.   I do think businesses will favor bring workforce back into office even though their will be more people telecommuting or at least part time telecommuting

https://www.stltoday.com/business/local ... 54473.html

dredger wrote: ↑

Aug 01, 2020

PD with a follow up on office development.   Behind paywall so not sure if any good tidbits if someone can share.   I do think businesses will favor bring workforce back into office even though their will be more people telecommuting or at least part time telecommuting

https://www.stltoday.com/business/local ... 54473.html

It isn't behind a paywall for me. Just talks about the sand crawler in cortex, forsyth point in clayton and Edge@west out in creve coeur. People looking to sublease space is up so it could me the market it softening. Overall it doesn't say much that I find all that interesting. 

So here's one that seems to have slipped under the radar. (I looked around for it on the forums, but I didn't see it.) There's been a new building under construction where the hotel used to sit on the west side Lindbergh at Long. This, at least, isn't especially new. The collector road has been renamed Innovation Way and the building appears to be open and in business and has a nice big brightly lit sign for . . . Leonardo DRS. This is the US Subsidiary of Italian aerospace and defense juggernaut Leonardo S.p.A. Their most famous product is probably the AgustaWestland 109, but they make plenty of different helicopters under the Agusta and Westland brands. (Leonardo acquired AgustaWestland, which was a UK-Italian joint Venture, in 2016. I believe their new products are or will be branded Leonardo, but they've left the AW badge on designs preceding the acquisition.)

Anyway, Leonardo DRS seems to make drones, trainers, and logistical systems. The Bridgeton facility is or will be an engineering and light manufacturing facility. One more aviation feather in our cap, I would say. Nice to see them there.

Leonardo DRS Press Release