^ Hopefully that means we stop getting peanut butter samples from that damn Streator plant.
I still believe that a big financial firm, whether it is a bank or wealth management, will see 909 Chestnut as a great opportunity to pick up a lot of space on great price point for back office as well give employees much more space in post covid world. Would could literally have 12x12 to 15x15 individual spaces for what it would could cost on East or West Coast for the smaller jam them into cubicles of old dayskipfilet wrote: ↑Nov 20, 2020Modest but great news, hopefully we can leverage the partial exodus from cities like NYC to regain status as a financial center.sc4mayor wrote: ↑Nov 20, 2020Citi adding around 100 jobs to the 2,300 they currently have in O'Fallon in a wealth management expansion:
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
Hopefully. There is a NYC exodus going on and some metros like DFW have been able to successfully capitalize on this.
Ascension will sublease two locations, one in South County and the other in Westport, after announcing permanent WFW. Other locations will remain in operation.sc4mayor wrote: ↑Oct 06, 2020Ascension Health's 1,200 St. Louis employees will work from home, permanently. Headquarters will remain in St. Louis but offices will likely be consolidated. No specific location was given, but I'd imagine their IT facility in North County would probably remain.
https://www.bizjournals.com/stlouis/new ... otely.html
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_sThe company is subleasing those spaces in Westport and south St. Louis County while it maintains its headquarters in Clayton, as well as its other locations in north St. Louis County, Westport and the Cortex district in the city of St. Louis that combined total about 155,000 square feet.
...........................
"We'll be transitioning to a mostly remote workforce for our 1,200 St. Louis associates, who have indicated that they were able to work effectively from home and enjoyed the flexibility of doing so. We're reviewing our real estate footprint and intend to maintain a significant physical presence in St Louis with flexible and collaborative workspaces," said Nick Ragone, Ascension's executive vice president and chief marketing officer.
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I understand its been a benefit for some companies to move existing personnel to a WFH system, but I don't understand how you're supposed to integrate new talent into a workplace/company culture over zoom and Teams. I'm sure its being done, but I can't believe its as successful as traditional office environments.
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I know someone at Cigna that has been employee since April 1 and never met a single coworker.
I wish these people the best. WFH is great but it’s challenging. It can be so hard to stay on task and quite frankly, it can be lonely.
I wish these people the best. WFH is great but it’s challenging. It can be so hard to stay on task and quite frankly, it can be lonely.
I envision high turnover. If you have no personal connections, nothing will stop you from leaving the job.moorlander wrote:I know someone at Cigna that has been employee since April 1 and never met a single coworker.
I wish these people the best. WFH is great but it’s challenging. It can be so hard to stay on task and quite frankly, it can be lonely.
Yet another acquisition for Post Holdings:sc4mayor wrote: ↑Dec 08, 2020Post Holdings to buy Peter Pan peanut butter brand
https://www.bizjournals.com/stlouis/new ... brand.html
https://www.bizjournals.com/stlouis/new ... 4#cxrecs_s
Speaking of corporate relocations, I haven't heard anything about Bunge lately. Have they completed their move yet?
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STL Biz Journal: Larson Capital Management is relocating from Chesterfield to 100 North Broadway
They partnered to buy the building last January. Larson CM will be relocating their financial services firm with 130+ staff and have hopes to bring other tenants with them, with the goal of 515 new total tenant employees working there.
They partnered to buy the building last January. Larson CM will be relocating their financial services firm with 130+ staff and have hopes to bring other tenants with them, with the goal of 515 new total tenant employees working there.
Wonderful but it doesn't get enough press. A restaurant closing DT is a headline in the Post. Why isn't this?
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I've kind of done that with Instagram.
I started a St. Louis-centric account about six or seven weeks ago to encourage myself to get back out and explore during the virus.
I keep things upbeat and positive. I do this as a non-native, which I hope will raise some eyebrows.
I've had to do work in North City this month, so I've focused a bit of time into how we maybe have hope for the area with the projects that are coming online.
I also focus on buildings, landmarks, and individuals that interest me.
Anyway, I haven't shared that I'm doing this with the board as I don't want to be "that guy." Also, most everybody on this board knows about the things I post about, so it just wouldn't be useful to anybody here. I'm trying to capture the attention of the less informed.
Sent from my SM-A716U using Tapatalk
I started a St. Louis-centric account about six or seven weeks ago to encourage myself to get back out and explore during the virus.
I keep things upbeat and positive. I do this as a non-native, which I hope will raise some eyebrows.
I've had to do work in North City this month, so I've focused a bit of time into how we maybe have hope for the area with the projects that are coming online.
I also focus on buildings, landmarks, and individuals that interest me.
Anyway, I haven't shared that I'm doing this with the board as I don't want to be "that guy." Also, most everybody on this board knows about the things I post about, so it just wouldn't be useful to anybody here. I'm trying to capture the attention of the less informed.
Sent from my SM-A716U using Tapatalk
^Edited to change who I was responding to.BellaVilla wrote: ↑Dec 11, 2020I understand its been a benefit for some companies to move existing personnel to a WFH system, but I don't understand how you're supposed to integrate new talent into a workplace/company culture over zoom and Teams. I'm sure its being done, but I can't believe its as successful as traditional office environments.
I mean it may be different for different types of jobs but it's been a regular occurrence at my place of employment for years. We weren't WFH before COVID but we commonly work for managers or on teams in other locations where we have little-to-no physical interaction.
Between a number of department realignments and a JD/rehire I've had 8 different bosses over the last six years. I never met the last seven, including my current boss.
On my current team I'm the only person in St. Louis - my boss is in Dallas and my teammates are in TX, Florida, Ohio, New York, and somewhere in Canada (I never thought to ask where
). Doesn't seem to inhibit our production or effectiveness one bit.-RBB
moorlander wrote: ↑Dec 12, 2020I know someone at Cigna that has been employee since April 1 and never met a single coworker.
I wish these people the best. WFH is great but it’s challenging. It can be so hard to stay on task and quite frankly, it can be lonely.
Oops, sorry I meant to respond to this post from @BellaVilla:
BellaVilla wrote: ↑Dec 11, 2020I understand its been a benefit for some companies to move existing personnel to a WFH system, but I don't understand how you're supposed to integrate new talent into a workplace/company culture over zoom and Teams. I'm sure its being done, but I can't believe its as successful as traditional office environments.
-RBB
Posted this in the Centene thread also, not sure which spot was best.
Spending 2.2 billion on Magellan.
https://www.google.com/amp/s/www.stltod ... 3.amp.html
Spending 2.2 billion on Magellan.
https://www.google.com/amp/s/www.stltod ... 3.amp.html
Magellan had revenues of $7.2 billion in 2019. Phoenix will be losing one of their six Fortune 500 companies.
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Earlier today, I made the following comment in the Centene HQ thread:
Between the two threads, I thought it best to bring up here that CNC could be an acquisition target, noting its current valuations. They've been buying up a lot of competitors. The Healthcare Plans industry as a whole has certainly been consolidating lately, including this new Magellan acquisition. Now, I don't consider it a likely M&A target, noting the size & scale of CNC as well as that such further industry consolidation (CNC post-Magellan) could be an antitrust issue. Same time, I think it's definitely something to consider. Concurrently, the incoming Biden Administration will definitely handle healthcare differently than the outgoing Administration. The whole industry seems rather diffuse and on the threshold of some big changes in the way they conduct their daily business.
Framer pointed out that Express Scripts was larger at the time it was acquired.As a stock, CNC is really fascinating right now. It has a Price/Book Ratio of 1.35, which indicates that its stock price is not much higher than the entire company's net asset valuation. This measure usually indicates growth at a fair value. I use this figure to gauge what companies are actually buyout targets, usually looking at companies with P/Bs under 2 as potential acquisitions. Here, the P/B definitely indicates that its competitors could buy CNC at a real good price, but it's so damn big right now that I'm not sure if anyone wants to buy them out. It's just not often that a Fortune 50 company could be a viable buyout target. Meanwhile, she doesn't pay a dividend, and she still isn't at the price she had when she acquired WellPoint last year.
Between the two threads, I thought it best to bring up here that CNC could be an acquisition target, noting its current valuations. They've been buying up a lot of competitors. The Healthcare Plans industry as a whole has certainly been consolidating lately, including this new Magellan acquisition. Now, I don't consider it a likely M&A target, noting the size & scale of CNC as well as that such further industry consolidation (CNC post-Magellan) could be an antitrust issue. Same time, I think it's definitely something to consider. Concurrently, the incoming Biden Administration will definitely handle healthcare differently than the outgoing Administration. The whole industry seems rather diffuse and on the threshold of some big changes in the way they conduct their daily business.
I'm not sure I'd call the industry diffuse. You've basically got six players: United Health, CVS/Aetna, Anthem, Cigna, Humana and Centene.
As to your Price-to-Book comment on the other thread, Centene has lower margins than any of those competitors, so it make sense that its assets (less liabilities) wouldn't be valued as highly. For instance, Centene has $12b more in assets and does $10b more business than Humana, but generated 1/2 the profit in 2019. Competitors aren't going to race to do an acquisition that crushes their margins, but maybe could justify it with hoped for synergies or efficiencies of scale.
As to your Price-to-Book comment on the other thread, Centene has lower margins than any of those competitors, so it make sense that its assets (less liabilities) wouldn't be valued as highly. For instance, Centene has $12b more in assets and does $10b more business than Humana, but generated 1/2 the profit in 2019. Competitors aren't going to race to do an acquisition that crushes their margins, but maybe could justify it with hoped for synergies or efficiencies of scale.
Nothing super major, but MillporeSigma continues to invest locally:
https://www.bizjournals.com/stlouis/new ... 3#cxrecs_s
https://www.bizjournals.com/stlouis/new ... 3#cxrecs_s
Life science supplier MilliporeSigma is investing in its facility in Kosciusko, the neighborhood south of downtown St. Louis.
It's been approved for some $3 million in city of St. Louis building permits at 3300 S. Second St. since October, records show. One, for nearly, $2.5 million, involved updates to a third-floor clinical suite, Building Division officials said. TMS Construction applied for that permit.
..................
The company supplies chemicals and buffers that are used to manufacture therapies. Tiano said they include "those that detect and fight the spread of Covid-19."
"This investment at our St. Louis facility is designed to support the increased demand from pharmaceutical customers," she said. Tiano said the company in 2018 opened a 6,000-square-foot laboratory here that's dedicated to antibody-drug conjugates.
MilliporeSigma is the second largest biotech company by local employment, with 2,200 workers as of December.
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STL Biz Journal: Luxco agrees to buyout by publicly held MGP Ingredients in $475M deal
Luxco's a locally-based diversified distillery and has been recognized as one of the region's largest private companies.
Luxco's a locally-based diversified distillery and has been recognized as one of the region's largest private companies.
Looks like a pretty good deal for all parties involved.With distilleries in Bardstown, Kentucky, and Jalisco, Mexico, Luxco’s brands include Ezra Brooks and Yellowstone bourbon whiskey, Daviess County straight bourbon whiskey, El Mayor tequila and everclear.
STL Biz Journal: [url=http://St. Louis plant-based meat startup Hungry Planet snags investment from Post Holdings]St. Louis plant-based meat startup Hungry Planet snags investment from Post Holdings[/url]
You've got to love when local companies work together and invest in each other. The size of the investment wasn't stated, but it does state that Post will include Hungry Planet's offerings in their distribution networks. It'd be cool a local company like Hungry Planet to get some of that national market share that companies like Beyond Meat currently dominate. Meanwhile, Post is really becoming a quiet juggernaut while grabbing industry market share.
You've got to love when local companies work together and invest in each other. The size of the investment wasn't stated, but it does state that Post will include Hungry Planet's offerings in their distribution networks. It'd be cool a local company like Hungry Planet to get some of that national market share that companies like Beyond Meat currently dominate. Meanwhile, Post is really becoming a quiet juggernaut while grabbing industry market share.
Very cool!gone corporate wrote: ↑Jan 27, 2021STL Biz Journal: St. Louis plant-based meat startup Hungry Planet snags investment from Post Holdings
You've got to love when local companies work together and invest in each other. The size of the investment wasn't stated, but it does state that Post will include Hungry Planet's offerings in their distribution networks. It'd be cool a local company like Hungry Planet to get some of that national market share that companies like Beyond Meat currently dominate. Meanwhile, Post is really becoming a quiet juggernaut while grabbing industry market share.