Columbus mortgages – Columbus Chamber http://columbus-chamber.org/ Sun, 16 May 2021 05:29:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://columbus-chamber.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Columbus mortgages – Columbus Chamber http://columbus-chamber.org/ 32 32 Business in the Caribbean – Corporate formation in the Bahamas against the United States: the Caribbean shines https://columbus-chamber.org/business-in-the-caribbean-corporate-formation-in-the-bahamas-against-the-united-states-the-caribbean-shines/ https://columbus-chamber.org/business-in-the-caribbean-corporate-formation-in-the-bahamas-against-the-united-states-the-caribbean-shines/#respond Sat, 15 May 2021 14:00:37 +0000 https://columbus-chamber.org/business-in-the-caribbean-corporate-formation-in-the-bahamas-against-the-united-states-the-caribbean-shines/ Americas News, NEW YORK, NY, Sat May 15, 2021: It is believed that it was in the Bahamas that Christopher Columbus first set foot in the Americas. Since then, this nation has had its exotic location and strategic position to its advantage. It was a British colony for most of the 17e and 18e centuries. […]]]>


Choose your FREE 6-coin gift with any purchase of $ 42.50 at Lancôme (up to a value of $ 140!) Buy now at Macys.com!  Valid from 3/3 to 19/05

Americas News, NEW YORK, NY, Sat May 15, 2021: It is believed that it was in the Bahamas that Christopher Columbus first set foot in the Americas. Since then, this nation has had its exotic location and strategic position to its advantage. It was a British colony for most of the 17e and 18e centuries. Pirates preferred hiding places around islands for stolen treasure from ships passing through the region’s shipping lanes. Civil war and Prohibition benefited the Bahamas, but these 700 islands were economically devastated when they ended, that is, until they opened their doors to tourism.

Today, the Bahamas is not only a popular Caribbean tourist destination, but has a highly developed service sector. Despite some restrictions, the Bahamas generally have business-friendly regulations that make it easier start an LLC. It is also an attractive investment location. Compared to the 28% corporate tax proposed by President Biden in the United States, the 0% corporate tax in the Bahamas is very attractive to businesses.

What are the advantages of doing business in the Bahamas compared to the United States?

A pro-business and investor-friendly approach was encouraged by the International Business Companies Act passed in 1990. This made the Bahamas more than a popular tourist destination and opened the doors to foreign investors.

Foreign investment approval

All investors from all sectors of the Bahamas economy must seek approval from the Bahamas Investment Authority (BIA). The proposed activities must convince the BIA that they will benefit the nation. Some areas are reserved for islanders. These include property management, wholesale and retail, the domestic game industry, security services, are a few.

Some key areas such as financial literacy, capital investment, business plan, employment opportunities for islanders, source of business funds and all basic information on proposed shareholders are all taken into consideration. by the BIA.

All proposals approved by the BIA are presented to the National Economic Council, headed by the Prime Minister, for further consideration before a decision is made.

Suggested video for you:

Insurance contributions

Salaries for employees on sick leave, maternity leave, other employment related issues and pensions are covered by the program administered by the National Insurance Board (NIB). Everyone who works on the islands must make NIB contributions. All businesses, businesses and freelancers must register.

Contribution rates are 9.8% of actual wages with an insurable limit of just over 3,000 BSD per month. Employers pay 5.9% of contributions and the rest is paid by the employee.

Business license

Each company applies for a business license as soon as it obtains BIA approval. The process is quick and requires filling out a business license application form and a BSD 100 fee. Licensing is an annual requirement. Certain cases of non-resident companies are eligible for payment of an annual subscription of 300 BSD.

Regardless of turnover, all permanent businesses must file annual income tax returns. These are due before January 31st and taxes are payable before March 31st. Companies with a turnover of 100,000 BSD or more also submit financial results and a certified statement issued by a professional independent accountant.

Business license taxes are based on turnover and type of business and range from 0.5% to 3% of gross annual income.

Types of businesses

The type of business most frequently used by foreigners is the International Business Company (IBC). However, other types of businesses commonly used are the limited liability company (LLC) and the segregated account company (SAC).

Value added tax (VAT)

The standard rate of VAT is 12% and applies to almost all goods and services in the Bahamas. Businesses that expect to achieve an annual turnover of 100,000 BSD must register for VAT.

Other taxes

Persons carrying on business in the Bahamas are exempt from personal or corporate income tax on their profits. However, a 5% stamp duty is imposed on all types of currency exchange and money transfer paid outside the Bahamas for amounts of $ 500,000 and more transferred out of the country. Stamp duty applies to the sale of a business at 6% and mortgages at 1%.

There is also a property tax of between 0.75% and 2% on the market value of properties with a few exceptions.

Import duties

About 50% of Bahamian government revenue comes from customs and excise duties with an average import duty of 45%. Some items like electronics, watches, jewelry and perfumes are duty free, while cigars are subject to 220% import duty.

Investments are encouraged in the Bahamas and the government has ensured a stable and secure environment for doing business. Maybe getting started can be a bit trickier than in the US, but the process is reasonably straightforward. Low taxes make the Caribbean extremely attractive to American businesses.



Source link

]]>
https://columbus-chamber.org/business-in-the-caribbean-corporate-formation-in-the-bahamas-against-the-united-states-the-caribbean-shines/feed/ 0
Best Mortgage Lender In Your State? Good luck it’s Quicken https://columbus-chamber.org/best-mortgage-lender-in-your-state-good-luck-its-quicken/ https://columbus-chamber.org/best-mortgage-lender-in-your-state-good-luck-its-quicken/#respond Wed, 05 May 2021 04:10:26 +0000 https://columbus-chamber.org/best-mortgage-lender-in-your-state-good-luck-its-quicken/ You have questions about the money. Bankrate has answers. Our experts have been helping you stay on top of your money for over four decades. We continually strive to provide consumers with the expert advice and tools they need to be successful throughout the financial journey of life. Bankrate follows a strict editorial policy, so […]]]>


In the state-by-state ranking of most active mortgage lenders, it’s Quicken and everyone.

Quicken Loans was the largest mortgage lender in 30 states in 2020. Quicken’s dominance is no surprise – it is the nation’s largest mortgage lender, having made more than one million home loans nationwide. national in 2020.

Underlining its leadership position in the market, Quicken Loans was the second largest mortgage lender in 12 other states.

But here’s a twist: No other mortgage lender had pole position in more than one state last year. Each of the 20 states where Quicken was not # 1 had a different # 1 lender.

These rankings are based on a bank rate analysis of preliminary Home Mortgage Disclosure Act data, with assistance from ComplianceTech’s LendingPatterns.com.

States where Quicken leads the pack

Quicken was the primary lender in the five most populous states – California, Texas, Florida, New York, and Pennsylvania. And Quicken was the largest mortgage originator in major states such as George, North Carolina, Michigan (Quicken’s National Territory), New Jersey, and Virginia.

Quicken clearly focuses on the states with the most borrowers. The company has made the most loans in 14 of the 16 largest states.

States where Quicken is not # 1

Despite its dominance, there are two major states where Quicken does not hold the top spot. In Illinois, the first place was occupied by the guaranteed rate.

Reflecting its efforts in marketing to consumers, Guaranteed Rate owns the naming rights to the approximate stage of the Chicago White Sox. Chase ranked # 2 in Illinois for the number of loans issued in 2020, while Quicken ranked third.

And in Ohio, Columbus-based Huntington National Bank was the state’s primary mortgage originator in 2020. Quicken was # 2 in the state.

In states where Quicken is not # 1, the top spot is often held by a local player. Bangor Savings Bank is Maine’s biggest initiator, Glacier Bank is # 1 in Montana, and the University of Wisconsin Credit Union is # 1 there.

Here are the top lenders in each state based on mortgage origins in 2020:

Top lenders by state for 2020
state Top lender Origins Lender n ° 2
Alabama Accelerate 12,463 Regions
Alaska Residential mortgage 4,509 Alaska United States
Arizona Accelerate 43,867 United shore
Arkansas Arvest 11 773 Accelerate
California Accelerate 220,416 United shore
Colorado Accelerate 31,299 United shore
Connecticut Accelerate 9,315 Citizens
Delaware Accelerate 5,073 Freedom
District of Colombia First savings 2 165 Accelerate
Florida Accelerate 74 110 United shore
Georgia Accelerate 43 686 Freedom
Hawaii Bank of Hawaii 5 845 First Hawaiian
Idaho Idaho Central 16,214 Accelerate
Illinois Guaranteed rate 30 230 chase away
Indiana Ruoff mortgage 19,099 Accelerate
Iowa Greenstate Credit Union 16 922 Iowa Bankers
Kansas Accelerate 6,044 Fairway
Kentucky Accelerate 9 649 American Bank
Louisiana GMFS 12,052 Accelerate
Maine Bangor Savings Bank 6,125 Accelerate
Maryland Accelerate 25,868 Freedom
Massachusetts Accelerate 20 727 Citizens
Michigan Accelerate 56,323 United shore
Minnesota Accelerate 16 834 American Bank
Mississippi Turstmark 6,805 BancorpSouth
Missouri Accelerate 11 647 Flat branch
Montana Glacier Bank 5 228 Stockman Bank
Nebraska First National Bank of Omaha 6 646 Accelerate
Nevada Accelerate 16,464 Guild Mortgage
New Hampshire Accelerate 6,197 CMG
New Jersey Accelerate 31 547 Wells fargo
New Mexico Accelerate 6 599 Water stone
new York Accelerate 31,209 chase away
North Carolina Accelerate 40,474 State employees
North Dakota Gate City Bank 3 498 First international bank
Ohio Huntington National Bank 41 084 Accelerate
Oklahoma Accelerate 6,846 First United Bank
Oregon Accelerate 16,144 Guild Mortgage
Pennsylvania Accelerate 29,928 Citizens
Rhode Island Citizens Bank 4,075 Accelerate
Caroline from the south Accelerate 18,094 Freedom
South Dakota Plains Bank of Commerce 4 831 First First
Tennessee Accelerate 20 818 Mortgage investors
Texas Accelerate 62 677 Freedom
Utah United shore 26 831 Accelerate
Vermont New England Federal CU 4,518 Accelerate
Virginia Accelerate 38 123 Freedom
Washington Accelerate 36,844 Caliber home loans
West Virginia Accelerate 4,076 National Bank of the City
Wisconsin University of Wisconsin CU 15 142 CU Summit
Wyoming First interstate bank 3 052 Accelerate

What you can do to get a better mortgage rate

Should you go with the largest lender in your state for a refinance or purchase mortgage? It depends.

Before committing to a lender, do your research. To get the best mortgage rate, follow these steps:

  • Compare offers. Get offers from at least three lenders. If you live in an area where competition among local banks is limited, this may require you to shop online. The good news: Comparison shopping can save you thousands of dollars. The bank rate tables are a great place to start your research.
  • Look beyond physical lenders. The bank or credit union where you keep your money may offer the best deal on a home loan, but be sure to shop for comparisons. The rates and closing costs can vary widely depending on the lender.
  • Improve Your Credit Score. This is the best way to lower your rate, and more effective than increasing your down payment or improving your debt ratio.

Learn more:



Source link

]]>
https://columbus-chamber.org/best-mortgage-lender-in-your-state-good-luck-its-quicken/feed/ 0
White Midwestern Farmers Continue Demand for Government Forgiveness of Loan | State and regional https://columbus-chamber.org/white-midwestern-farmers-continue-demand-for-government-forgiveness-of-loan-state-and-regional/ https://columbus-chamber.org/white-midwestern-farmers-continue-demand-for-government-forgiveness-of-loan-state-and-regional/#respond Thu, 29 Apr 2021 20:27:00 +0000 https://columbus-chamber.org/white-midwestern-farmers-continue-demand-for-government-forgiveness-of-loan-state-and-regional/ In this file photo from Dec. 4, 2017, a farmer harvests crops near Sinsinawa Mound in Wisconsin. A group of Midwestern farmers sued the federal government on Thursday, April 29, 2021, alleging they couldn’t participate in a COVID-19 loan forgiveness program because they were white. Eileen Meslar / Telegraph Herald via AP, file TODD ​​RICHMOND […]]]>





In this file photo from Dec. 4, 2017, a farmer harvests crops near Sinsinawa Mound in Wisconsin. A group of Midwestern farmers sued the federal government on Thursday, April 29, 2021, alleging they couldn’t participate in a COVID-19 loan forgiveness program because they were white.


Eileen Meslar / Telegraph Herald via AP, file


TODD ​​RICHMOND Associated Press

MADISON, Wisconsin – A group of Midwestern farmers on Thursday sued the federal government alleging they couldn’t participate in a COVID-19 loan forgiveness program because they were white.

The group of plaintiffs includes farmers from Wisconsin, Minnesota, South Dakota and Ohio. According to the lawsuit, the Biden administration’s COVID-19 stimulus package provides $ 4 billion to cancel loans to socially disadvantaged farmers and ranchers who are Black, Native American, Hispanic, Alaskan, Asian American, or South Islander. Peaceful.

White farmers are not eligible, which amounts to a violation of the constitutional rights of the plaintiffs, the lawsuit argues.

“If plaintiffs were eligible for the loan forgiveness allowance, they would have the opportunity to make additional investments in their property, expand their farms, purchase equipment and supplies, and otherwise support their families and their local communities, ”says the lawsuit. “Because complainants are not even eligible to apply to the program purely on the basis of their race, they have been denied equal protection of the law and have therefore suffered prejudice.”

President Joe Biden delivers his first speech to Congress and outlines his plans for the rich to pay more taxes.


The US Department of Agriculture issued a statement saying the department is reviewing the lawsuit with the US Department of Justice, but the agency plans to continue offering loan reliefs to “socially disadvantaged” farmers.

Lawyers for the conservative Wisconsin Institute for Law and Liberty have filed a lawsuit on behalf of white farmers in federal court in Green Bay.

Source link

]]>
https://columbus-chamber.org/white-midwestern-farmers-continue-demand-for-government-forgiveness-of-loan-state-and-regional/feed/ 0
3 stocks to buy and hold for decades https://columbus-chamber.org/3-stocks-to-buy-and-hold-for-decades/ https://columbus-chamber.org/3-stocks-to-buy-and-hold-for-decades/#respond Thu, 29 Apr 2021 12:15:00 +0000 https://columbus-chamber.org/3-stocks-to-buy-and-hold-for-decades/ LLong-term investing, both buy and hold, has been shown to be one of the most profitable ways to invest. Holding stocks for decades allows composition to work its magic to produce life-changing returns, and also defers taxes on capital gains that would otherwise eat into your earnings. Best of all, it lets you sleep peacefully […]]]>

LLong-term investing, both buy and hold, has been shown to be one of the most profitable ways to invest.

Holding stocks for decades allows composition to work its magic to produce life-changing returns, and also defers taxes on capital gains that would otherwise eat into your earnings. Best of all, it lets you sleep peacefully at night. You just buy from big companies and let the time do the work.

If you doubt the wisdom of the strategy, just ask Warren Buffett, whose Berkshire Hathaway conglomerate has grown at a compound annual rate of 20% for decades, more than double the S&P 500s performance over the same period and beating its total return on multiple occasions.

The trick is to find the right stocks. Let’s take a look at three stocks you’ll want to hold onto for decades.

An hourglass with running sand.

Image source: Getty Images.

1. Point correction

Point correction (NASDAQ: SFIX) has been very volatile since going public in 2017. As an online personalized styling service, the company is unique in the stock market, and its share price often moves double digits after each earnings report, sign that investors are still trying to understand the business.

Stitch Fix has a unique approach to clothing retailing, as the company has been collecting data on the tastes and shape of its customers for nearly a decade. Historically, his model was based on sending “Fixes” to customers, or boxes of five garments, allowing the customer to keep what he or she wanted and return the rest.

Later this year, Stitch Fix will take a big step forward with its data science-based model by launching the direct buy offer to new customers. Using its Style Profile Admission Quiz and tools like its Style Mix Game, the company will provide a curated selection of clothing for new customers based on their tastes. So far, the company has obtained strong direct buying feedback from its existing customers, and the program has served a quarter of its active customers.

Stitch Fix Founder and CEO Katrina Lake will be to resign in August to be replaced by current president Elizabeth Spaulding. This move is timed to coincide with the launch of direct buying, which will expand the company’s addressable market in multiples and could boost its growth. With a market cap of less than $ 5 billion, the stock has a huge advantage if it can execute a direct buy.

2. Okta

Ten years ago, venture capitalist Marc Andreessen said software was eating the world. Okta (NASDAQ: OKTA), a cloud-based provider of identity and security tools, may be a prime example.

The company has achieved a market value of over $ 30 billion, thanks to its leadership in what may seem like a niche category, but has grown significantly. Okta’s business provides tools such as multi-factor authentication and single sign-on to enable employees and customers to seamlessly and securely connect to online networks. His addressable market has grown significantly since its IPO in 2017, from $ 18 billion to $ 80 billion, expanding into adjacent markets and seeing increased interest in its identity cloud.

The company has also grown like clockwork with 40% revenue growth every quarter since its IPO, and its profitability has improved significantly. Last year, its free cash flow reached $ 110.7 million or 13% of revenue, and its adjusted net income was $ 16.2 million. His recent acquisition Auth0 should also help accelerate its growth, particularly internationally.

The need for identity and security solutions is not going to go away, and Okta’s revenue will eclipse $ 1 billion this year in an $ 80 billion market. There is still a lot of growth to come for cloud stock.

3. Roku

If there was any doubt that streaming would take over the entertainment industry, the pandemic has settled that debate. Legacy media companies have been scrambling to launch new services over the past year, accelerating the transition from linear to streaming TV.

This is great news for Roku (NASDAQ: ROKU), the market share leader for streaming TV devices with a 38% share in the United States, according to NPD Group. Roku is more than just a vendor of dongles to plug into your TV. The company’s software powers many smart TVs in the market and its platform has allowed it to build a powerful advertising business as it typically controls one-third of the streaming partner’s ad inventory on its platform. Just as streaming accelerated during the coronavirus pandemic, digital advertising and a number of advertising technology actions have touted high double-digit to triple-digit percentage growth in connected TV. This bodes well for Roku as the company is able to act as a toll charger in the industry.

Overall revenue grew 58% year-over-year in the fourth quarter to $ 649.9 million, and platform revenue, which is the high-margin component advertising-driven, jumped 81% to $ 471.2 million.

Video streaming still has a lot of growth ahead of it, both nationally and internationally. And ad spend is expected to continue to rise on streaming platforms, especially as the technology and targeting behind it becomes even more sophisticated.

Roku seems well positioned to capitalize on this long term trend.

10 actions we like better than Roku
When investment geniuses David and Tom Gardner have stock advice, he can pay to listen. After all, the newsletter they’ve been distributing for over a decade, Motley Fool Fellowship Advisor, has tripled the market. *

David and Tom have just revealed what they believe to be the ten best stocks for investors to buy now … and Roku was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* Stock Advisor returns as of February 24, 2021

Jeremy bowman owns shares of Okta, Roku and Stitch Fix. The Motley Fool owns shares and recommends Berkshire Hathaway (B shares), Okta, Roku, and Stitch Fix. The Motley Fool recommends the following options: January 2023 long calls $ 200.0 on Berkshire Hathaway (B shares), January 2023 short puts $ 200.0 on Berkshire Hathaway (B shares) and June 2021 short calls $ 240.0 on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

]]>
https://columbus-chamber.org/3-stocks-to-buy-and-hold-for-decades/feed/ 0
3 Reasons You Won’t Retire From A Millionaire – And How To Fix It https://columbus-chamber.org/3-reasons-you-wont-retire-from-a-millionaire-and-how-to-fix-it/ https://columbus-chamber.org/3-reasons-you-wont-retire-from-a-millionaire-and-how-to-fix-it/#respond Thu, 29 Apr 2021 10:36:00 +0000 https://columbus-chamber.org/3-reasons-you-wont-retire-from-a-millionaire-and-how-to-fix-it/ Meveryone’s goal is to retire with a lot of wealth – enough to support them through their senior years and enable them to achieve their lifelong goals. But if you’re not careful, you could end up thwarting your plans to retire as a millionaire. Here are three reasons why you might not be able to […]]]>

Meveryone’s goal is to retire with a lot of wealth – enough to support them through their senior years and enable them to achieve their lifelong goals. But if you’re not careful, you could end up thwarting your plans to retire as a millionaire.

Here are three reasons why you might not be able to crunch your savings to $ 1 million – and what you can do about it.

1. You lose too much money because of debt

The more money you spend on expensive debt repayments, the less you will have left for retirement. Mortgage debt is generally considered a healthy type to take on, as it eventually allows you to own an asset that can grow in value over time and even serve as a source of retirement income. Credit card debt is the opposite – it’s an expense that can cost you tons of money through interest charges that you don’t earn at the end of the day.

Middle aged man with serious expression at laptop

Image source: Getty Images.

If you are overloaded with debt, it could seriously hamper your ability to consistently fund a retirement plan or invest money in an investment account, so do your best to minimize unhealthy debt. Set a budget to see how much money you can afford to spend on a monthly basis, and limit your spending in non-essential categories, like entertainment, until you’ve paid off your credit cards and that you are in a better situation. up financially.

2. You invest too carefully

Many people avoid stocks because they can be very volatile. But if you play too carefully in your portfolio, you may not be generating high enough returns to meet your goals.

Suppose you can earn $ 400 per month over 40 years. With an average annual return of 4% – which you might get with a conservative portfolio – you will end up with $ 456,000. With an average annual return of 8% – which is more than reasonable with a portfolio rich in stocks – you will end up with $ 1.24 million.

If you’re worried about manually selecting stocks for your portfolio, check out index funds rather. They take a lot of the guesswork out of investing, so the pressure on you is less, while still allowing you to take advantage of the strong returns in the market as a whole.

3. You do not benefit from the tax advantages

Saving for the future in a brokerage account will give you the most flexibility with your money – you can withdraw from your account at any time as needed. The problem, however, is that by taking this into account you will miss out on lucrative tax breaks that will allow you to build more wealth.

Traditional IRA and 401 (k) s, for example, allows you to contribute pre-tax dollars in retirement, and then the investment gains are tax-exempt until you make withdrawals. Roth IRA and 401 (k) s are funded with after-tax dollars, but the growth of investments in these accounts is completely tax-free and withdrawals are not taxed either. While it is okay to invest some of your money in a regular brokerage account, it would be wise to take advantage of an IRA or 401 (k) plan if you want to retire with a big pile of cash.

Retire a millionaire certainly is not impossible. But if you make these mistakes, you may not achieve this goal. Make sure to avoid them at all costs.

The $ 16,728 Social Security premium that most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “social security secrets” could help boost your retirement income. For example: a simple tip could net you up to $ 16,728 more … every year! Once you’ve learned how to maximize your Social Security benefits, we believe you can retire with confidence with the peace of mind we all seek. Just click here to find out how to learn more about these strategies..

The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

]]>
https://columbus-chamber.org/3-reasons-you-wont-retire-from-a-millionaire-and-how-to-fix-it/feed/ 0
2 undervalued pharmaceutical stocks to buy now https://columbus-chamber.org/2-undervalued-pharmaceutical-stocks-to-buy-now/ https://columbus-chamber.org/2-undervalued-pharmaceutical-stocks-to-buy-now/#respond Thu, 29 Apr 2021 10:15:00 +0000 https://columbus-chamber.org/2-undervalued-pharmaceutical-stocks-to-buy-now/ Ssome investors like their dividends. Fortunately for them, there are many large companies that can afford to pay their shareholders in cash each quarter. Pharmaceutical giants AbbVie (NYSE: ABBV) and GlaxoSmithKline (NYSE: GSK) boast of high and sustainable dividend yields which are great for investors who want to see those dividends hit their account every […]]]>

Ssome investors like their dividends. Fortunately for them, there are many large companies that can afford to pay their shareholders in cash each quarter. Pharmaceutical giants AbbVie (NYSE: ABBV) and GlaxoSmithKline (NYSE: GSK) boast of high and sustainable dividend yields which are great for investors who want to see those dividends hit their account every three months. As a bonus, both stocks are undervalued today and I think their total returns could outperform the market in the next few years. Scientists working in a laboratory.

Image source: Getty Images.

Always off their peaks

AbbVie and GlaxoSmithKline have both been beaten in the past 12 months and continue to trade on their pre-COVID-19 crash highs in March 2020. Despite growing earnings and increasing its dividend over the course of In recent years, AbbVie is 9% below its high of $ 123 in 2018. GlaxoSmithKline, on the other hand, has been trading with some volatility for the past 12 months. After missing the target of a potential COVID-19 vaccine, the company’s shares are still trading around 50% below highs recorded in 1999.

As seasoned investors know, stock prices don’t tell the whole story. The fundamentals of these companies appear strong, and there have been no dividend cuts or huge drug patent cliffs to date.

Growing dividends

AbbVie has rewarded its shareholders enormously over the past few years with dividend increases. Shareholders holding AbbVie shares over the past five years have seen a compound annual growth rate of their dividends of 18.09%. In October 2020, AbbVie increased the dividend by 10%. The company’s 167% payout ratio reflects how it relies on its cash reserve (roughly $ 8.5 billion per year) to continue to reward its shareholders. AbbVie’s continued sales of drugs like bestselling Humira, Skyrizi and Rinvoq, suggest it could increase its dividend well in the future. AbbVie has increased its dividend by 225% since its spin-off from Abbott in 2013.

GlaxoSmithKline has increased its dividend over the past 10 years at a compound annual growth rate of just 0.39%. With the revenue loss due to the upcoming spinoff from its consumer health segment, management has signaled a potential dividend cut going forward. This will keep the payout ratio manageable (it’s currently around 70%), and will also allow more money to be spent on rebuilding its drug pipeline.

Simple and safe investments

AbbVie currently markets the world’s best-selling drug, Humira. Immunology grossed over $ 19.8 billion in 2020 and has been a major contributor to the company’s success in recent years. AbbVie exceeded analysts’ expectations for total revenue last year, posting 37.69% year-over-year growth in 2020. The pharmaceutical industry median for revenue growth from 2019 to 2020 was only 4.69%. In view of this, I think the company is actually trading at a discount. AbbVie’s current price-to-earnings (P / E) ratio of around 9 is below its high of 10.4 at the end of 2020.

GlaxoSmithKline has managed to separate itself from the crowd in part by being a major player in the vaccine, HIV and respiratory tract sectors. GSK’s HIV segment grossed $ 6.5 billion last year. GlaxoSmithKline sells other notable drugs like Advair, which combines two of its other asthma products, Flovent and Serevent. Breathing is its largest segment, grossing over $ 9 billion in 2020.

Going forward, as the company abandons its consumer health business and focuses on research and development, earnings per share are expected to decline as the company temporarily loses sales. GlaxoSmithKline has also traded at very cheap valuations compared to historical averages. In 2019 alone, we saw the company trade between 15 and 20 times its profits. If we take a P / E ratio of 15 and multiply it by the 2020 earnings per share, we would get a share price of around $ 47. This represents a possible price appreciation of 27%, more than enough to beat the market if GlaxoSmithKline can reach old levels.

GlaxoSmithKline currently sports a 5.6% dividend yield while AbbVie offers a return of 4.4%. Related to ETF SPDR S&P 500, which only returns 1.3%, these two companies excel more than just providing dividend income. Still below their all-time highs, these two companies can potentially generate above-market returns in terms of total share price appreciation, but can also outperform indexes when generating dividend income.

10 stocks we like better than GlaxoSmithKline
When investment geniuses David and Tom Gardner have stock advice, he can pay to listen. After all, the newsletter they’ve been distributing for over a decade, Motley Fool Fellowship Advisor, has tripled the market. *

David and Tom have just revealed what they believe to be the ten best stocks for investors to buy now … and GlaxoSmithKline was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* Stock Advisor returns as of February 24, 2021

Anirudh Shankar owns shares of AbbVie. The Motley Fool recommends GlaxoSmithKline. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

]]>
https://columbus-chamber.org/2-undervalued-pharmaceutical-stocks-to-buy-now/feed/ 0
Top 3 Marijuana Stocks To Buy And Hold Over The Next 10 Years https://columbus-chamber.org/top-3-marijuana-stocks-to-buy-and-hold-over-the-next-10-years/ https://columbus-chamber.org/top-3-marijuana-stocks-to-buy-and-hold-over-the-next-10-years/#respond Thu, 29 Apr 2021 10:01:00 +0000 https://columbus-chamber.org/top-3-marijuana-stocks-to-buy-and-hold-over-the-next-10-years/ Where will be the cannabis industry in a decade? You can bet it’s going to be a lot different than it is now. More states could legalize recreational cannabis for adult use and medical cannabis could be legalized nationally. These prospects translate into enormous opportunities for investors from a long-term perspective. But what are the […]]]>

Where will be the cannabis industry in a decade? You can bet it’s going to be a lot different than it is now. More states could legalize recreational cannabis for adult use and medical cannabis could be legalized nationally.

These prospects translate into enormous opportunities for investors from a long-term perspective. But what are the best ways to take advantage of these opportunities? Here are three top marijuana stocks to buy and hold for the next 10 years.

Three cannabis leaves

Image source: Getty images.

Scotts Miracle-Gro

Scotts Miracle-Gro (NYSE: SMG) may well be the most likely to be successful with the changes in the cannabis industry. During the Gold Rush, those who provided picks and shovels for gold miners generally benefited more than the miners themselves. Scotts is arguably the best pick-and-shovel cannabis stock on the market.

The Hawthorne segment of the company ranks as a leading supplier of organics and hydroponics to cannabis growers. Hawthorne has more than doubled in size in the past three years. With the continued expansion of the US cannabis market, the company may be able to generate strong double-digit percentage sales growth year over year.

You might think Scott’s gardening and lawn activity might be boring. However, the segment has generated sales growth of over 35% over the past three years. This level of growth, fueled in large part by the COVID-19 pandemic, is unlikely to be sustainable. Nonetheless, Scotts should be able to count on modest but steady growth in its consumer lawn and garden products over the long term.

Unlike many companies in the cannabis industry, Scotts is already profitable. It even pays a dividend that pays a little over 1%. Scotts Miracle-Gro may just be the safest stock of marijuana to buy and hold on the market.

Innovative industrial properties

Innovative industrial properties (NYSE: IIPR) stands out as another profitable company serving the cannabis industry. The company is a real estate investment trust (REIT) which focuses on providing real estate capital to cannabis operators.

It’s hard not to like the IIP business model. The company specializes in sale-leaseback agreements where cannabis operators sell their properties to IIP and then IIP leases them to the operators on long-term agreements. Cannabis operators have access to capital, while IIP gets a steady stream of income.

This approach has allowed IIP to achieve fantastic growth. Over the past three years, his earnings over the past 12 months have skyrocketed by over 1,000%. During this period, the IIP share price has climbed over 440%.

The company shouldn’t have a difficult challenge to complete more sale-leaseback transactions to fuel its growth. Just last week he completed its eighth deal of the year with a Michigan cannabis operator.

IIP also offers one of the most attractive dividends you will find in the cannabis industry. Its dividend yield is currently 2.9%. The company has more than quintupled its dividend payout in the past three years.

Cresco Laboratories

Are there any pure-play pot stocks that are great to buy and hold? Absolutely. Cresco Laboratories (OTC: CRLBF) looks like one of the best.

The multi-state cannabis operator (MSO) currently operates in 10 states. It has 32 cannabis retail stores and 44 retail licenses. Cresco is also the largest wholesaler of branded cannabis products in the United States.

While Cresco recorded 271% year-over-year sales growth last year, the company is still in its infancy. Cresco acquired Bluma Wellness a few weeks ago, giving it a presence in the fast growing medical cannabis market in Florida. He is also well placed to win in New York after the recent legalization of recreational marijuana.

Cresco’s valuation is more attractive than that of most of the other large American MSOs. With the continued expansion of the U.S. cannabis markets, this marijuana stockpile is expected to have plenty of room to function over the next 10 years.

Here is the marijuana stock you have been waiting for
A little-known Canadian company has just unlocked what some experts believe is the key to profiting from the coming marijuana boom.

And make no mistake, it does happen.

Cannabis legalization is sweeping across North America – 15 states plus Washington, DC, have all legalized recreational marijuana in recent years, and full legalization arrived in Canada in October 2018.

And a little-known Canadian company is about to explode in the wake of this next marijuana revolution.

Because a game-changing deal just passed between the Government of Ontario and this great corporation … and you must hear that story today if you’ve even considered investing in pot stocks.

Just click here to get the full story now.

Learn more

Keith Speights owns shares of Innovative Industrial Properties. The Motley Fool owns shares and recommends Cresco Labs Inc., Innovative Industrial Properties and Scotts Miracle-Gro. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

]]>
https://columbus-chamber.org/top-3-marijuana-stocks-to-buy-and-hold-over-the-next-10-years/feed/ 0
Facebook’s growth puts Trump in his shoes https://columbus-chamber.org/facebooks-growth-puts-trump-in-his-shoes/ https://columbus-chamber.org/facebooks-growth-puts-trump-in-his-shoes/#respond Wed, 28 Apr 2021 21:39:48 +0000 https://columbus-chamber.org/facebooks-growth-puts-trump-in-his-shoes/ Reuters Reuters WASHINGTON (Reuters Breakingviews) – Social media has gone from Donald Trump. Alphabet’s businesses from Twitter to Facebook to YouTube banned the former US president after rioters stormed the US Capitol in January. He – and his supporters – were prolific users of the networks. And yet Facebook ad revenue surged in the first […]]]>

Reuters
Reuters

WASHINGTON (Reuters Breakingviews) – Social media has gone from Donald Trump. Alphabet’s businesses from Twitter to Facebook to YouTube banned the former US president after rioters stormed the US Capitol in January. He – and his supporters – were prolific users of the networks. And yet Facebook ad revenue surged in the first quarter, and monthly active users didn’t miss a beat. It will take a lot more than a few new platforms and the demise of some popular posters to bring down traditional social media.

The company led by Mark Zuckerberg said on Wednesday its revenue jumped 48% to $ 26.2 billion, well above analysts’ expectations. Monthly active users have increased by 15% on its platforms. Advertising is strong – the company said ad sales increased 46%.

This is in part because Facebook’s reach makes it harder for the masses to leave it. Popular allies of Trump, including the former president’s son Don Jr., are still active on the network. The same goes for others, like Senator Ted Cruz and Conservative expert Sean Hannity. This increased revenue per user by 33% to $ 9.27.

But it’s also because Facebook has done a good job of diversification. Analysts estimate that around 25% of its revenue comes from Instagram, which doesn’t have as much political leaning. According to Statista, the company also slips a lot of its traffic from users who check out friends’ posts or provide status updates. Only 6% of Facebook content is political.

According to Pew Research, it can also help if Instagram and Twitter have more Democratic users. And while Trump was more important to Twitter, with 88 million subscribers, or more than 45% of the company’s monetizable daily active users, analysts expect Jack Dorsey’s company to do well as well. They predict revenue will rise 24% in the first quarter to $ 1 billion when it reports Thursday, according to Refinitiv.

The conservative version of Twitter, Talk, faced a major setback in January after being kicked out of Apple and Google app stores, while Amazon.com halted cloud services. The iPhone maker will allow Parler, with 13 million users, to restart after making changes. Trump could also network online later this year. This can increase competition moderately. So far, Facebook has shown that it can just roll with the punches.

Follow @GinaChon https://twitter.com/GinaChon on Twitter

NEWS FROM THE CONTEXT

– On April 28, Facebook reported a 48% increase in Q1 2021 revenue to $ 26.2 billion, with ad revenue jumping 46% to $ 25.4 billion. Analysts were forecasting revenue of $ 23.7 billion, according to Refinitiv.

– For previous author columns, Reuters clients can click [CHON/]

(SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe | Edited by Lauren Silva Laughlin and Amanda Gomez)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

]]>
https://columbus-chamber.org/facebooks-growth-puts-trump-in-his-shoes/feed/ 0
BREAD says city and county need to better fund affordable housing https://columbus-chamber.org/bread-says-city-and-county-need-to-better-fund-affordable-housing/ https://columbus-chamber.org/bread-says-city-and-county-need-to-better-fund-affordable-housing/#respond Wed, 28 Apr 2021 19:36:15 +0000 https://columbus-chamber.org/bread-says-city-and-county-need-to-better-fund-affordable-housing/ Brenda Minor says she had “a nice house” that she rented out on the North Side for $ 595 a month when her landlord informed her last year that she had to move because it was being sold. This started a four-month scramble to try and find a new location the 65-year-old supply clerk for […]]]>


Brenda Minor says she had “a nice house” that she rented out on the North Side for $ 595 a month when her landlord informed her last year that she had to move because it was being sold.

This started a four-month scramble to try and find a new location the 65-year-old supply clerk for an Ohio State University medical facility could afford. She ended up moving into a townhouse near Highway 161 which cost $ 750 per month – $ 155 or 26% more.

“I didn’t quite have the finances back then to, you know, pay to participate,” Minor said. “But God made a way and made a way.

“It wasn’t quite in the price range, but like I said, it was October and I needed something. It was getting cold outside. I settled in.”



Source link

]]>
https://columbus-chamber.org/bread-says-city-and-county-need-to-better-fund-affordable-housing/feed/ 0
Asian Stocks and US Futures Advance After Biden Speech | national https://columbus-chamber.org/asian-stocks-and-us-futures-advance-after-biden-speech-national/ https://columbus-chamber.org/asian-stocks-and-us-futures-advance-after-biden-speech-national/#respond Wed, 28 Apr 2021 16:56:29 +0000 https://columbus-chamber.org/asian-stocks-and-us-futures-advance-after-biden-speech-national/ On Wednesday, April 28, 2021, people walk past an electronic board of directors of a securities firm in Tokyo. Asian stocks are predominantly higher as investors wait for a Federal Reserve meeting and a speech to Congress by US President Joe Biden. On Wednesday, April 28, 2021, people walk past an electronic board of directors […]]]>

By ELAINE KURTENBACH AP Business Writer

Asian stocks rose Thursday and the future of the United States was also higher after President Joe Biden gave a speech to Congress in which ambitious plans to create jobs created spending on preschool, child care children and other public services.

Shares rose in Hong Kong, Shanghai, Seoul and Sydney. Bond yields remained stable while oil prices rose.

Wall Street benchmarks slid Wednesday after the Federal Reserve said he was leaving its key rate unchanged near zero, while noting the recent improvement in the economy.

In his Wednesday night speech, the president ticked off details of some of his $ 1.8 trillion spending plans to expand preschool, create a national family and medical leave program, distribute child care grants. children and more.

The plan comes on top of his $ 2.3 trillion spending proposal to rebuild roads and bridges, expand broadband access, and launch other infrastructure projects.

In Asian trade, Japanese markets have been closed for holidays. The Hong Kong Hang Seng rose 0.6% to 29,231.73 and the Shanghai Composite Index 0.2% to 3,463.10. In Seoul, the Kospi gained 0.2% to 3,186.28. The Australian S & P / ASX 200 added 0.4% to 7,090.10.

Source link

]]>
https://columbus-chamber.org/asian-stocks-and-us-futures-advance-after-biden-speech-national/feed/ 0