Loan Assessment – Regiofora http://regiofora.com/ Wed, 23 Nov 2022 03:34:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://regiofora.com/wp-content/uploads/2021/07/icon-5-150x150.png Loan Assessment – Regiofora http://regiofora.com/ 32 32 Mortgage Broker Market Climbs on Positive Booming Sales Outlook: Mortgage Choice, Freedom Mortgage, Caliber https://regiofora.com/mortgage-broker-market-climbs-on-positive-booming-sales-outlook-mortgage-choice-freedom-mortgage-caliber/ Wed, 23 Nov 2022 03:34:45 +0000 https://regiofora.com/mortgage-broker-market-climbs-on-positive-booming-sales-outlook-mortgage-choice-freedom-mortgage-caliber/ This press release was originally distributed by SBWire NJ New Jersey, USA – (SBWIRE) – 11/22/2022 – Latest Mortgage Brokers Market Industrial Growth Study 2022-2027. A detailed study accumulated to offer the latest information about the acute characteristics of the Mortgage Broker market. The report contains different market forecasts related to revenue size, production, CAGR, […]]]>

This press release was originally distributed by SBWire

NJ New Jersey, USA – (SBWIRE) – 11/22/2022 – Latest Mortgage Brokers Market Industrial Growth Study 2022-2027. A detailed study accumulated to offer the latest information about the acute characteristics of the Mortgage Broker market. The report contains different market forecasts related to revenue size, production, CAGR, consumption, gross margin, price, and other important factors. While emphasizing the major driving and restraining forces of this market, the report also offers a comprehensive study of the future market trends and developments. It also examines the role of major market players involved in the industry, including their company overview, financial summary, and SWOT analysis.

Download Sample PDF Report (including full TOC, Table and Figures) @ https://www.advancemarketanalytics.com/sample-report/191549-global-mortgage-broker-market#utm_source=SBwire/ Rahul

Key players in this report include:
United Wholesale Mortgage (USA), Mortgage Choice Limited (Australia), Freedom Mortgage Corporation (USA), Caliber Home Loans (USA), PennyMac Loan Services (USA), Fairway Independent Mortgage (USA) ), Associated Mortgage Group (Australia), Redbrick Mortgage (USA), Habito (UK), Athena (Australia), Rose Capital Partners (UK)

Definition:
A mortgage broker acts as an intermediary between the mortgage borrower and the mortgage lender. They are responsible for gathering information and completing the process of documenting income earned, assets held, credit report, employment details and other information necessary to assess the borrower’s ability to obtain a loan. funding. The preference of individuals to use brokerage services for mortgage loans and the increased awareness of access to financial services are the main drivers of the market. The increased demand for brokers in developing countries, along with the implementation of new technologies in mortgage brokerage software, is expected to provide lucrative opportunities for the market.

Market trends:
Increase in demand for brokers in developing countries and execution of new technologies in mortgage brokerage software
Market factors:
A rising millennial population and falling mortgage rates are fueling the mortgage industry
Growing demand to deliver an improved customer experience in the mortgage industry
Market opportunities:
Rising demand for mortgages among developing countries will boost the mortgage industry
Growing Housing Market Drives Demand for Mortgage Brokers
The Global Mortgage Brokers Market segments and market data breakdown are illustrated below:
by Type (Pure Mortgage Broker, Matching Mortgage Broker, Lending Mortgage Broker), Demand (Business, Personal), (), Mortgage Type (Conventional, FHA, VA, Jumbo, Fixed Rate, Government Insured, Adjustable Rate, others )

The Global Mortgage Brokers Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that may help ensure the trajectory of earnings over the forecast years.

You have a question ? Start a Survey Before Buy @ https://www.advancemarketanalytics.com/enquiry-before-buy/191549-global-mortgage-broker-market#utm_source=SBwire/Rahul

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:

The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
North America (United States, Mexico and Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– Carefully analyze and forecast the Mortgage Brokers market size by value and volume.
-Estimate the market shares of the main segments of the Mortgage Broker
-To present the development of the Mortgage Broker market in different parts of the world.
-Analyze and study the micro markets in terms of their contributions to the Mortgage Brokers market, prospects, and individual growth trends.
-Offer accurate and useful details on the factors affecting the growth of the Mortgage Broker
-To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Mortgage Broker market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

Buy Now Full Mortgage Broker Market Assessment @ https://www.advancemarketanalytics.com/buy-now?format=1&report=191549#utm_source=SBwire/Rahul

Main highlights of the table of contents:

Mortgage Broker Market Research Coverage:
It includes major manufacturers, emerging players growth story and major business segments of Mortgage Broker market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
Mortgage Broker Market Summary: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, along with macroscopic pointers.
Mortgage Brokers Market production by Region Mortgages Brokers Market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other vital factors .

Key Points Covered in the Mortgage Brokers Market Report:
Overview, Definition and Classification of Mortgage Brokers Market Drivers and Barriers
Mortgage Brokers Market Competition by Manufacturers
Impact Analysis of COVID-19 on the Mortgage Broker Market
Mortgage Broker Capacity, Production, Revenue (Value) by Region (2021-2027)
Mortgage Brokers Supply (Production), Consumption, Export, Import by Region (2021-2027)
Mortgage Broker Production, Revenue (Value), Price Trend by Type {Pure Mortgage Broker, Matching Mortgage Broker, Mortgage Broker,}
Mortgage Broker Market Analysis by Application {Business, Individual}
Mortgage Brokers Manufacturers Profiles/Analysis Mortgage Brokers Manufacturing Cost Analysis, Supply/Industry Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Summary & TOC @ https://www.advancemarketanalytics.com/reports/191549-global-mortgage-broker-market#utm_source=SBwire/Rahul

Answers to key questions
How Feasible Is The Mortgage Broker Market For Long Term Investments?
What are the factors influencing the demand for mortgage broker in the near future?
What is the impact analysis of various factors on the growth of the Global Mortgage Brokers Market?
What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

For more information on this press release, visit: http://www.sbwire.com/press-releases/mortgage-broker-market-climbs-on-positive-outlook-of-booming-sales-mortgage-choice -freedom-mortgage-calibre-1366738.htm

]]>
Low-interest federal loans available for storm recovery https://regiofora.com/low-interest-federal-loans-available-for-storm-recovery/ Sun, 20 Nov 2022 04:32:17 +0000 https://regiofora.com/low-interest-federal-loans-available-for-storm-recovery/ More help is on the way for individuals and businesses trying to rebuild after the devastating storms that tore through the region in early November. The U.S. Small Business Administration on Thursday announced the availability of low-interest federal disaster loans for those affected by the Nov. 4 tornadoes. The aid comes in response to Texas […]]]>

More help is on the way for individuals and businesses trying to rebuild after the devastating storms that tore through the region in early November.

The U.S. Small Business Administration on Thursday announced the availability of low-interest federal disaster loans for those affected by the Nov. 4 tornadoes. The aid comes in response to Texas Governor Greg Abbott’s request on Tuesday for a federal disaster declaration for northeast Texas.

The federal statement makes SBA assistance available in Bowie, Camp, Cass, Delta, Fannin, Franklin, Lamar, Marion, Morris, Red River, Titus, and Upshur counties in Texas; and Bryan and Choctaw counties in Oklahoma.

Businesses of all sizes and private nonprofit organizations can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other assets.

“The SBA may also lend additional funds to businesses and homeowners to help cover the cost of improvements to protect, prevent, or minimize the same type of disaster damage in the future,” the SBA said in a statement. Press release.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations of any size, SBA offers economic disaster loans to help meet the capital needs of turnover caused by the disaster. Economic injury assistance is available whether or not the business has suffered property damage.

Landlords and tenants can also take advantage of federal assistance.

“Disaster loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed property. Landlords and tenants are entitled to up to $40,000 to repair or replace damaged or destroyed personal property,” the press release reads.

Interest rates can be as low as 3.305% for businesses, 2.375% for private non-profit organizations, and 2.313% for homeowners and tenants with terms up to 30 years. Loan amounts and terms are set by the SBA and based on each applicant’s financial situation.

Cass County Judge Travis Ransom, who reports at least seven storm-damaged businesses in the county, said SBA loans “can be of significant value,” given current interest rates.

To help affected residents access assistance, the SBA is opening disaster loan centers starting Monday. SBA customer service representatives will be on hand to answer questions about the loan program and help each person complete the application. No appointment is necessary.

The Awareness Center hours are —

Bowie County

New Boston Community Center, 301 NE Front St., New Boston, TX

9 a.m. to 6 p.m., Monday to Friday

Closed for Thanksgiving (Nov. 24-25)

Cass County

Hughes Springs Community Center, 902 E. First St., Hughes Springs, TX

9 a.m. to 6 p.m. Monday to Friday

Closed for Thanksgiving (Nov. 24-25)

Lamar County

Red Cross Building, 2673 N. Main St., Paris, Texas

10 a.m. to 7 p.m. Monday to Friday

Closing at 2 p.m. on Wednesday 23 November.

Closed for Thanksgiving (Nov. 24-25)

Morris County

Morris County Courthouse Annex, 502 Union St., Daingerfield, Texas

9 a.m. to 6 p.m., Monday to Friday

Closed for Thanksgiving (Nov. 24-25)

Applicants can apply online, receive additional information about disaster assistance, and upload applications at Disasterloanassistance.sba.gov. Applicants may also call the SBA Customer Service Center at 800-659-2955 or email [email protected] for more information on SBA disaster assistance.

Applicants who are deaf, hard of hearing or have a speech impairment should dial 711 to access telecommunications relay services.

Completed applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to file a property damage claim is January 17, 2023. The deadline to file an economic loss claim is August 16, 2023.

In Texas, federal assistance will supplement disaster assistance through the Texas Division of Emergency Management.

“Texas will continue to provide all necessary resources to help area Texans recover from these recent storms,” the governor said.

Abbott submitted his statement after the completion of damage assessments by local, state and federal authorities, as well as a review of damage assessment information provided by Texans using the the individual state of Texas at damage.tdem.texas.gov.

In Oklahoma, Governor Kevin Stitt issued a 30-day executive order to continue mobilizing state resources that began on the day of the storm.

“The State Emergency Operations Plan was activated on November 4, 2022, and the resources of all departments and agencies of the State available to deal with this emergency are hereby committed to the extent reasonably necessary to protect lives and to prevent, minimize and repair injury and damage,” the order states.

Governor Abbott said the disaster declaration and SBA assistance brings storm-affected residents “one step closer to recovery.”

“Northeast Texas residents and business owners will now have access to critical financial support to rebuild, repair and recover from the physical damage and economic harm caused by this storm system,” the governor said Friday. .

]]>
Reward informal traders on their way to formality https://regiofora.com/reward-informal-traders-on-their-way-to-formality/ Fri, 18 Nov 2022 08:21:15 +0000 https://regiofora.com/reward-informal-traders-on-their-way-to-formality/ Micro, Small and Medium Enterprises (MSMEs) are seen as key to driving economic development that will reduce unemployment and poverty in Africa. These companies, which number around 40 million in the region, represent 60% of Africa’s workforce and constitute a huge part of the economy of many countries, generating more than 50% of all wealth. […]]]>

Micro, Small and Medium Enterprises (MSMEs) are seen as key to driving economic development that will reduce unemployment and poverty in Africa.

These companies, which number around 40 million in the region, represent 60% of Africa’s workforce and constitute a huge part of the economy of many countries, generating more than 50% of all wealth. However, these enterprises, vital to improving living standards, are severely underfunded. In Africa, the funding gap is estimated at about $330 billion per year. The key to bridging this gap is the microfinance sector, which provides financial services to those who do not have access to traditional banking and credit services.

4G Capital offers a way to go faster and go further

In Kenya and Uganda, 4G Capital is dedicated to bridging the financing gap to advance MSMEs and help informal traders transition to the formal economy under fair and equitable conditions.

The company, in operation since 2013, provides unsecured working capital microloans as well as essential business and financial literacy training through digital channels and in person through branches nationwide.

4G Capital, rather than lending blindly digitally, lends to individuals after a due diligence and onboarding process that identifies their needs and focuses on training them to grow their business sustainably and profitably. This ultimately means they can repay their loans and greatly increases the chances of building viable businesses that can truly make a wider socio-economic difference. Research shows that 4G Capital customers increase their revenue by an average of 82% per year.

So far, 4G Capital has granted more than 2.27 million loans to more than 307,000 clients, 53% of which are rural MSMEs and almost three quarters are led by women.

Internal technology and data science have been essential to this end. Credit reference bureaus (CRBs) across Africa struggle to include the informal sector, not least because they struggle to obtain comprehensive financial profiles of individuals and their businesses.

4G Capital does not rely on CRBs to assess whether a client can be served, as all risk assessment and due diligence activities are performed internally. Similarly, 4G Capital does not report defaulters to the CRB, but rather works with them to regain financial health.

The company is tackling a bigger problem than you might think. Figures from 2018 show that only 11% of the African population had their credit information recorded by private credit bureaus, a worrying figure compared to comparable regions such as emerging Asia (17%) and Latin America (79%). And this is worrying because traditional banks rely on these consumer credit models to assess risk, which means that large cohorts of the African population are excluded from the world of credit.

4G Capital circumvents this obsolete model. And where others attempt to perform due diligence by extracting information from phone bills and mobile money records, 4G Capital, on the other hand, physically visits and interviews each customer and processes the results through its platform. of AI “EVA” (evaluation algorithm). Clients then receive in-person and online financial literacy training alongside their loans.

Reward customer loyalty

Given the small size of the capital injections on offer, clients typically take out multiple micro-loans back-to-back as they seek to mature their business.

4G Capital launched a loyalty program to support its growth ambitions, through which customers obtain more favorable borrowing rates as they repay subsequent loans.

This, according to the company, is in response to several factors. Not only does this demonstrate 4G Capital’s leadership in challenging market conditions, where customers face extreme cost of living and operating cost increases, but it is also a critical part of its mission to use and protect customer data responsibly.

“In a global economic crisis, we need to boost the earning power of small businesses,” said Wayne Hennessy-Barrett, CEO of 4G Capital.

“By lowering our prices, we are supporting mwananchi to help small traders boost their credit score and access discounts while maintaining our award-winning mix of business training and working capital loans. Digital financial service providers have a vital role to play in helping the informal economy transition into an integrated part of a modern nation.”

The decision to reward loyalty and cut its direct lending product “Upia” is part of 4G Capitals’ #HeroesoftheHustle campaign, which aims to recognize the growth and resilience of the local economy in Kenya and Uganda.

All of 4G Capital’s more than 300,000 customers will benefit from this program. There are four categories of loyalty; Bronze, Silver, Gold and Diamond, with interest rates ranging from 0.9% to 0.75%, respectively.

Typically, 4G Capital sees its clients increase their revenue by an average of 82% per year.

Jane Oyolo, for example, runs a fledgling second-hand clothing business. She goes to Nairobi every week in her Probox to buy bales of clothes that she resells in Nyanza province. When she was first introduced to 4G Capital, she received a loan of around $160. Since then, Jane has made her repayments within the minimum loan repayment period and has taken out many repeat loans.

“4G Capital has been a huge help,” she told us. “With the profits from my business, I bought a piece of land and even built the foundation for a house.”

Indeed, as companies such as Jane’s increase their earning power and solvency, they may resort to more traditional financial services and incur greater working capital debt, propelling them into the formal economy and to the level superior in development and maturity. This will be key to driving socio-economic development across the continent, the goal of 4G Capital’s mission to “develop business with capital and knowledge”.

Distributed by APO Group on behalf of 4G Capital.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

]]>
Ministry will carry out an assessment of the damage caused to tourist sites in Tigray | The journalist https://regiofora.com/ministry-will-carry-out-an-assessment-of-the-damage-caused-to-tourist-sites-in-tigray-the-journalist/ Sat, 12 Nov 2022 06:37:48 +0000 https://regiofora.com/ministry-will-carry-out-an-assessment-of-the-damage-caused-to-tourist-sites-in-tigray-the-journalist/ Tourism ministry officials are preparing to rebuild tourist destinations in the war-torn Tigray region. They await the finalization of the peace agreement between the Tigray People’s Liberation Front (TPLF) and the federal government. The ministry will carry out damage assessments to restore tourist attraction sites in the Tigray region, a ministry official said. Reports indicate […]]]>

Tourism ministry officials are preparing to rebuild tourist destinations in the war-torn Tigray region. They await the finalization of the peace agreement between the Tigray People’s Liberation Front (TPLF) and the federal government.

The ministry will carry out damage assessments to restore tourist attraction sites in the Tigray region, a ministry official said. Reports indicate that tourist sites in Tigray have suffered damage. This includes the Al-Nejeshi Mosque, one of the oldest mosques in Africa, which is being touted as a potential UNESCO World Heritage Site.

“We will make an inventory of heritage and attraction sites as we expect the influx of tourists to increase once the war is over,” said Sileshi Girma, state minister for tourism.

Sileshi says the ministry plans to support investors who engage in the tourism sector in the region, pledging to facilitate loans to businesses to enable them to resume operations.

Currently, the ministry has set up a study group to identify conflict-affected tourist destinations in the Afar and Amhara regions. Two months ago, the National Bank of Ethiopia was commissioned to provide credit facilities for the rehabilitation of hotels in the Amhara and Afar regions.

According to Sileshi, the ministry will make a new budget request for reconstruction efforts in Tigray, in addition to a plan for using its 400 million birr allocated for the development of tourist sites across the country.

Last week, Redwan Hussien, the prime minister’s security adviser and chief TPLF negotiator, said at least $20 billion for reconstruction efforts in northern Ethiopia.

“Our partners would be encouraged now to move in because I had the estimate yesterday from our finance minister that it would take around $20 billion to recoup the full loss,” Redwan said in a briefing. to diplomats residing in Addis Ababa on 05 November. , 2022.

]]>
Here’s why we’re not too worried about CinCor Pharma’s (NASDAQ:CINC) cash burn situation https://regiofora.com/heres-why-were-not-too-worried-about-cincor-pharmas-nasdaqcinc-cash-burn-situation/ Sun, 06 Nov 2022 12:24:57 +0000 https://regiofora.com/heres-why-were-not-too-worried-about-cincor-pharmas-nasdaqcinc-cash-burn-situation/ We can easily understand why investors are attracted to unprofitable companies. For example, although Amazon.com posted losses for many years after it listed, if you had bought and held the stock since 1999, you would have made a fortune. But the harsh reality is that many, many loss-making companies burn all their money and go […]]]>

We can easily understand why investors are attracted to unprofitable companies. For example, although Amazon.com posted losses for many years after it listed, if you had bought and held the stock since 1999, you would have made a fortune. But the harsh reality is that many, many loss-making companies burn all their money and go bankrupt.

So the natural question for CinCor Pharma (NASDAQ:CINC) shareholders is whether they should be concerned about its cash burn rate. For the purposes of this article, cash burn is the annual rate at which an unprofitable business spends money to finance its growth; its negative free cash flow. The first step is to compare its cash consumption with its cash reserves, to give us its “cash trail”.

Check opportunities and risks within the American pharmaceutical industry.

When could CinCor Pharma run out of money?

You can calculate a company’s cash trail by dividing the amount of cash it has on hand by the rate at which it spends that money. When CinCor Pharma released its last balance sheet in September 2022, it had no debt and cash worth $522 million. Last year, its cash burn was $64 million. This means that it had a cash trail of around 8.1 years in September 2022. While this is only a measure of its cash burn situation, it certainly gives us the impression that holders have nothing to fear. Below you can see how its liquidity has changed over time.

NasdaqGM: CINC Debt to Equity History November 6, 2022

How is CinCor Pharma’s cash burn changing over time?

Since CinCor Pharma is not currently generating revenue, we consider it to be an early-stage company. Nonetheless, we can still look at its cash burn trajectory as part of our assessment of its cash burn situation. In fact, he has dramatically increased his spending over the past year, increasing cash burn by 168%. With spending growing so rapidly, shareholders are hoping the cash will be spent wisely. Obviously, however, the crucial factor is whether the company will expand its business in the future. For this reason, it makes a lot of sense to take a look at our analysts’ forecasts for the company.

Can CinCor Pharma raise more money easily?

Given its cash burn trajectory, CinCor Pharma shareholders may want to consider how easily it could raise more cash, despite its strong cash trail. Companies can raise capital either through debt or equity. One of the main advantages of publicly traded companies is that they can sell shares to investors to raise funds and finance their growth. We can compare a company’s cash burn to its market capitalization to get an idea of ​​how many new shares a company would need to issue to fund a year’s operations.

CinCor Pharma’s cash burn of US$64 million represents approximately 4.9% of its market capitalization of US$1.3 billion. Since this is a rather small percentage, it would probably be very easy for the company to finance another year’s growth by issuing new shares to investors, or even taking out a loan.

So should we be worried about CinCor Pharma’s cash burn?

It may already be obvious to you that we are relatively comfortable with the way CinCor Pharma is burning cash. For example, we think its cash trail suggests the business is on the right track. While we find its growing cash burn to be a bit of a negative, once we consider the other metrics mentioned in this article together, the overall picture is one we’re comfortable with. After considering the various metrics mentioned in this report, we’re pretty comfortable with how the company is spending its money, as it appears to be on track to meet its medium-term needs. On a different note, we conducted a thorough investigation of the company and identified 2 warning signs for CinCor Pharma (1 is significant!) which you should be aware of before investing here.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of companies that insiders are buying, and this list of growth stocks (based on analyst forecasts)

Valuation is complex, but we help make it simple.

Find out if CinCor Pharma is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

]]>
18 credit union professionals move into new roles https://regiofora.com/18-credit-union-professionals-move-into-new-roles/ Tue, 01 Nov 2022 13:00:52 +0000 https://regiofora.com/18-credit-union-professionals-move-into-new-roles/ UC professionals change careers. Credit: Andy Dean Photography/Shutterstock WEST David Jewell The $5.5 billion, based in Richland, Washington Caisse Populaire Gesa announced three new recruits. David Jewell was hired as a mortgage loan officer for the Gesa’s Pullman, Washington area. Jewell brings seven years of experience in the financial services industry. In his new role, […]]]>
UC professionals change careers. Credit: Andy Dean Photography/Shutterstock

WEST

David Jewell David Jewell

The $5.5 billion, based in Richland, Washington Caisse Populaire Gesa announced three new recruits.

David Jewell was hired as a mortgage loan officer for the Gesa’s Pullman, Washington area. Jewell brings seven years of experience in the financial services industry. In his new role, he will assist with mortgages for Gesa members in the Pullman, Moscow and Palouse, Washington markets. Jewell began his career in the Marine Corps where he served for eight years. Since then he has worked in branch banking, becoming a director of American Banking in Moscow and Colfax, Washington, and a community bank in Clarkston, Washington. In 2020, Jewell received the US Bank Legends of Possible award.

Paul Long Paul Long

Paul Long was hired as loan officer and team leader for the Small Business Administration (SBA). Long brings over 25 years of banking experience, including 10 years in SBA lending. In his new role, Long will lead Gesa’s SBA lending team to provide commercial real estate and business acquisition loans to businesses in the Pacific Northwest. He began his career as a cashier at age 16 and has since managed several bank branches. In 2017 Long received the Small Business Lending Emerging Leader Award and in 2020 he accepted the Coleman Publishing National SBA BDO Award. He also created the region’s first annual business education event called the South Sound Business Summit.

Brooke Sexton Brooke Sexton

Brooke Sexton was hired as a mortgage loan officer for the Coeur d’Alene, Idaho area of ​​Gesa. Sexton brings 10 years of experience in the financial services industry. In her new role, she will originate mortgages for Gesa members in northern Idaho and eastern Washington. Sexton began her career at Heritage Home Loans in Spokane, Washington as a processing assistant. Since then, she has held various positions at Eagle Home Mortgage, Idaho Independent Bank, Mountain West Bank, US Bank and Home Trust Financial.

The $4.3 billion, based in Folsom, Calif. SAFE credit union promoted Tiffani Vargas to the loan manager. Vargas joined SAFE in 2018 and was previously SVP for Real Estate and Consumer Lending, a role in which she was responsible for leading the mortgage division, loan servicing, collections, personal loans, financing automotive, college funding and insurance products. In her new role, she will combine these efforts and oversee SAFE’s commercial and small business lending and account services departments. Prior to joining SAFE, Vargas’ career and leadership experience in lending began in consumer finance, personal, auto and equity loan servicing, and credit card services. She then managed the sales and operations of two California mortgage companies for nearly two decades. Vargas serves on the board of First Tee of Greater Sacramento and earned an MBA from California State University, Sacramento.

Tiffani Vargas Tiffani Vargas

IS

Alicia Neon Alicia Neon

The $35.8 billion, based in McLean, Va. PenFed Credit Union promoted Alicia Neon to SVP and Chief Compliance Officer. In her new role, Nealon is responsible for leading the design, implementation and monitoring of PenFed’s compliance and bank secrecy law programs. She replaces Phyllis Mariam, who retired after more than 33 years of service. Nealon joined PenFed in 2018 and was previously at Navy Federal Credit Union ($156.5 billion, Vienna, Virginia), where she advised on a wide range of regulatory matters, as well as NAFCU, where she served as headed the association’s regulatory lobbying division. She also served as a legal assistant for the NCUA.

MIDDLE WEST

Jamie Neelon Jamie Neelon

The $1.2 billion Cobalt Credit Union in Papillion, Neb., announced six new hires.

Jamie Neelon was hired as Vice President of Sales. Neelon brings over 14 years of experience in the financial industry and over five years of professional coaching experience. Most recently, she served as a project manager and divisional performance manager at a local financial institution. In his role as a member of Cobalt’s leadership team, Neelon will oversee the development and training of Member Services employees. She holds an MBA from Bellevue University in Bellevue, Neb.

Jesse Wanning Jesse Wanning

Jesse Wanning was hired as Vice President of Project Management. Wanning brings over 12 years of management experience, having most recently served as General Manager of a large local company. In his new role as a member of Cobalt’s leadership team, Wanning will oversee the management and evaluation of the credit union’s strategic projects and initiatives. He holds certifications for the Reid Technique of Interviewing and Interrogation and Fred Pryor Project Management.

Chasmine McIntosh was hired as Vice President of Digital Banking. McIntosh brings over six years of finance and credit union experience, having most recently served as a performance consultant and coach for a local financial institution. In his new role as a member of Cobalt’s leadership team, McIntosh will oversee the management and execution of the credit union’s strategic initiatives within digital channels. She holds an MBA from Southern New Hampshire University in Manchester, NH

Chasmine McIntosh Chasmine McIntosh

Marc Wilkins was hired as chief financial officer. Wilkins brings over 12 years of financial and credit union experience, and over 19 years of information technology and management experience. Most recently, Wilkins served as CFO at a Utah credit union. In his new role as a member of Cobalt’s leadership team, Wilkins will oversee the management and evaluation of the credit union’s financial information and decisions. He holds an MBA from the University of Phoenix and is a Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, and Certified Information Systems Auditor.

Marc Wilkins Marc Wilkins

John Kelly was hired as director of consumer loans. Kelly brings over 14 years of loan and credit union experience, most recently serving as president and CEO of a credit union in Nevada. In her new role as a member of Cobalt’s leadership team, Kelly will oversee the credit union’s consumer lending initiatives.

John Kelly John Kelly

mike bradley was hired as Vice President of Indirect Lending. Bradley brings over 15 years of experience in operations, sales and management within consumer finance organizations. Most recently, Bradley held the position of regional center manager for the financial services arm of a multinational automotive manufacturing company. In his new role as a member of Cobalt’s leadership team, he will oversee the management and strategic initiatives of the credit union’s indirect auto loans.

Michael Bradley Michael Bradley

SOUTH

Shelby Grantham Shelby Grantham

The $956 million, based in Tuscaloosa, Ala. Alabama ONE Credit Union announced two promotions.

Shelby Grantham was promoted to Senior Director of Operations. Grantham previously served as the credit union’s controller, directing the day-to-day operations of Alabama ONE’s accounting team while overseeing the credit union’s finances and reporting to the board and membership. She joined Alabama ONE in 2015, bringing with her previous experience in large financial institutions and in the manufacturing industry.

Matt Turner Matt Turner

Matt Turner has been promoted to Grantham’s previous role and will oversee accounting operations. Turner joined Alabama ONE in 2018 and worked closely with the accounting team, while leading the credit union’s treasury and strategic analysis department. In his new role, Turner handles regulatory and financial reporting, strategic planning and budgeting for the credit union. He also oversees the credit card services department of the credit union, ensuring members are satisfied with debit and credit card programs.

LEAGUES

The Indiana Credit Union League The board elected officers and welcomed a new director at its reorganization meeting, held during the League’s annual meeting and convention on October 14.

Karen Madrypresident and CEO for the $91 million, Marion, Ind. Afena Federal Credit Union, was elected president.

Karen Madry Karen Madry

Nina Bakerchairman and CEO of the $654 million, Fort Wayne, Indiana-based ProFed Credit Union was elected vice chairman.

Nina Baker Nina Baker

Curry Palmerchairman and CEO of the $44 million Indianapolis-based Energy Plus Credit Union was elected secretary of the board.

Curry Palmer Curry Palmer

Amy SinkChairman and CEO of the $1.5 billion credit union, Interra Credit Union, based in Elkhart, Indiana, was elected treasurer.

Amy Sink Amy Sink

Brett RinkerChairman and CEO of the $85 million, Muncie, Indiana-based Thrive Federal Credit Union was elected to a three-year term on the board.

Brett Rinker Brett Rinker

Please send your People updates to Natasha Chilingerian at [email protected]

]]>
Jurgen Klopp opens up on Liverpool’s injured looanee Arthur Melo https://regiofora.com/jurgen-klopp-opens-up-on-liverpools-injured-looanee-arthur-melo/ Sat, 29 Oct 2022 22:00:07 +0000 https://regiofora.com/jurgen-klopp-opens-up-on-liverpools-injured-looanee-arthur-melo/ Liverpool gaffer Jurgen Klopp talks about the situation surrounding Arthur Melo Liverpool player Arthur Melo, on loan from Juventus, has not had a good time with the Reds. The player, on the road to fitness for the match, suffered a serious injury and is out at least until the start of next year. Such is […]]]>

Liverpool gaffer Jurgen Klopp talks about the situation surrounding Arthur Melo

Liverpool player Arthur Melo, on loan from Juventus, has not had a good time with the Reds. The player, on the road to fitness for the match, suffered a serious injury and is out at least until the start of next year.

Such is his fate that under Massimiliano Allegri, he was also left out of Juve’s squad for the pre-season. Consequently, Arthur was not ready for the rigors of the Premier League. However, his commitment to fitness was something he received a lot of praise for.

Many questions arose whether Liverpool management would terminate Arthur Melo’s loan in January or not. Gaffer Jurgen Klopp has spoken about the situation and shed some light on the same. (via Fabrice Romano Twitter)

The former Barcelona midfielder did not feature for the Reds senior side after their 13-minute UEFA Champions League game against Napoli on September 8. He played for the U21 team for a while before the injury.

No joy for Melo in Merseyside

Arthur was in the matchday squad against Everton, Brighton & Hove Albion and the first leg against Ajax Amsterdam, but remained an unused substitute in all the games mentioned. With his latest injury situation, he will have to wait until 2023 to return to the pitch.

Further evaluation and waiting until January to make a decision on Arthur and his loan situation may prove to be a bigger gamble than buying Arthur ever was. The player was bought as a substitute, and to be fair, there is also no substantial replacement available at the club at the moment.

Therefore, buying a midfielder in the January transfer window should be Jurgen Klopp’s top priority, whether Arthur is back to peak fitness or not. Ideally, the Reds, just for the sake of it or the error of bringing Melo on board, as you may call him, should try him out for a game or a few when he returns and do the assessment later.

Liverpool midfielder Arthur Melo in training.

It was going out on a limb to buy an injury-prone player, albeit on loan, as a back-up for the starters. And that too, on the day of the deadline. So far, this case seems like a very bad decision on the part of management.

However, redemption still awaits the 26-year-old. If he can somehow prove his worth in the remaining six months of his contract after returning from injury, the Reds could potentially trigger the £32million clause to make the deal permanent.

More Liverpool news

Right now, the Reds are clamoring for a midfielder to provide a backup and maybe even start games instead of the current batch of injury-prone players in the middle of the park. Only time will tell if Liverpool will make the wise decision to sign a midfielder in January or not.

]]>
Research: Rating Action: Moody’s Assigns New Mexico Finance Authority Senior PPRF Revenue Bonds Aa1, Series 2022C; stable outlook https://regiofora.com/research-rating-action-moodys-assigns-new-mexico-finance-authority-senior-pprf-revenue-bonds-aa1-series-2022c-stable-outlook/ Wed, 26 Oct 2022 22:50:58 +0000 https://regiofora.com/research-rating-action-moodys-assigns-new-mexico-finance-authority-senior-pprf-revenue-bonds-aa1-series-2022c-stable-outlook/ No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, […]]]>


No related data.

© 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE DOCUMENTS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, THE “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY FAILURE TO MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS WHEN DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE THE APPLICABLE PUBLICATION OF MOODY’S RATINGS SYMBOLS AND DEFINITIONS FOR MORE INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS COVERED BY MOODY’S CREDIT RATINGS. THE CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISKS, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“RATINGS”) AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACTS. MOODY’S PUBLICATIONS MAY ALSO INCLUDE MODEL-BASED QUANTITATIVE ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS ARE AND DO NOT PROVIDE ANY RECOMMENDATION TO BUY, SELL OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF ANY INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE CONSIDERATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH ALL DUE CARE, HIS OWN REVIEW AND EVALUATION OF EACH SECURITY THAT IS CONSIDERED FOR PURCHASE, HOLDING OR SALE.

MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE UNINTENDED AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE ANY CREDIT RATINGS, RATINGS, OTHER OPINIONS OR PUBLICATIONS OF MOODY’S WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT, YOU SHOULD CONTACT YOUR FINANCIAL ADVISOR OR OTHER PROFESSIONAL.

ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY NOT BE COPIED OR OTHERWISE REPRODUCED, RECONDITIONED, TRANSMITTED, TRANSFERRED, DISTRIBUTED , REDISTRIBUTED OR RESOLD, OR STORED FOR FUTURE USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER, OR BY ANY MEANS, BY ANY PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF MOODY’S .

MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANYONE AS A REFERENCE AS THIS TERM IS DEFINED FOR REGULATORY PURPOSES AND SHOULD NOT BE USED IN A MANNER THAT COULD CONSIDER AS A REFERENCE.

All information contained herein is obtained by MOODY’S from sources believed to be accurate and reliable. However, due to the possibility of human or mechanical error and other factors, all information contained herein is provided “AS IS” without warranty of any kind. MOODY’S takes all necessary measures to ensure that the information it uses to assign a credit rating is of sufficient quality and comes from sources that MOODY’S considers to be reliable including, where applicable, independent third-party sources. However, MOODY’S is not an auditor and cannot in any case independently verify or validate the information received as part of the rating process or the preparation of its Publications.

To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim all liability to any person or entity for any indirect, special, consequential or incidental loss or damage whatsoever , arising out of or relating to the information contained herein or the use or inability to use such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is informed in advance of the possibility of such loss or damage, including but not limited to: (a) any loss of actual or potential profits or (b) any loss or damage occurring when the financial instrument concerned does not not subject to a particular credit rating assigned by MOODY’S.

To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim all liability for any direct or compensatory loss or damage to any person or entity, including but not limited to limit, any negligence (but excluding fraud, willful misconduct or any other type of liability which, for the avoidance of doubt, cannot be excluded by law) on the part of, or any contingency within the control or beyond the control of MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising out of or in connection with the information contained herein or the use or inability to use this information.

NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY CREDIT RATING, RATINGS, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER.

Moody’s Investors Service, Inc., a credit rating agency wholly owned by Moody’s Corporation (“MCO”), hereby declares that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred shares rated by Moody’s Investors Service, Inc. have, prior to the assignment of any credit rating, agreed to pay Moody’s Investors Service, Inc. for rating opinions credit and the services it renders fees ranging from $1,000 to approximately $5,000,000. MCO and Moody’s Investors Service also maintain policies and procedures to ensure the independence of credit ratings and Moody’s Investors Service credit rating processes. Information regarding certain affiliations that may exist between MCO directors and rated entities, and between entities that hold credit ratings from Moody’s Investors Service and that have also publicly disclosed to the SEC an ownership interest in MCO of more than 5% , are published annually on www .moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy”.

Additional Terms for Australia Only: Any publication in Australia of this material is in accordance with the Australian Financial Services License of MOODY’S subsidiary, Moody’s Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (if applicable). This document is intended for supply only to “wholesale customers” within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from Australia, you represent to MOODY’S that you are, or are accessing to the document as a representative of a “wholesale customer” and that neither you nor the entity you represent will directly or indirectly distribute this document or its contents to “retail customers” within the meaning of section 761G of the Corporations Act 2001. MOODY’S credit rating is an opinion of the creditworthiness of a debt security of the issuer, and not of the equity securities of the issuer or any form of security available to investors in detail.

Additional Terms for Japan Only: Moody’s Japan KK (“MJKK”) is a wholly owned subsidiary credit rating agency of Moody’s Group Japan GK, which is wholly owned by Moody’s Overseas Holdings Inc., a wholly owned subsidiary of MCO. Moody’s SF Japan KK (“MSFJ”) is a wholly owned subsidiary credit rating agency of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Accordingly, the credit ratings assigned by MSFJ are non-NRSRO credit ratings. Non-NRSRO credit ratings are assigned by an entity that is not an NRSRO and therefore the rated obligation will not qualify for certain types of treatment under US law. MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. 2 and 3 respectively.

MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stocks rated by MJKK or MSFJ (as applicable) have, prior to the assignment of any credit rating, agreed to pay MJKK or MSFJ (as applicable) for credit rating opinions and the services it renders a fee ranging from 100 000 JPY to around 550,000,000 JPY.

MJKK and MSFJ also maintain policies and procedures to meet Japanese regulatory requirements.

]]>
Loan cancellation halted, CDC director positive for COVID-19, college football: Weekend news you missed. https://regiofora.com/loan-cancellation-halted-cdc-director-positive-for-covid-19-college-football-weekend-news-you-missed/ Sun, 23 Oct 2022 20:51:05 +0000 https://regiofora.com/loan-cancellation-halted-cdc-director-positive-for-covid-19-college-football-weekend-news-you-missed/ Federal appeals court temporarily blocks Biden’s student debt relief plan On Friday, a federal appeals court blocked the Biden administration from moving forward with its student debt relief package aimed at canceling billions of dollars in federal student loans. The 8th Circuit Court of Appeals issued a stay barring the administration from ‘paying any student […]]]>
]]>
2 growth stocks down more than 90% to buy hands on fist https://regiofora.com/2-growth-stocks-down-more-than-90-to-buy-hands-on-fist/ Fri, 21 Oct 2022 09:10:00 +0000 https://regiofora.com/2-growth-stocks-down-more-than-90-to-buy-hands-on-fist/ When a company loses more than 90% of its stock value, it can be easy to assume that it might be structurally constrained. But in the current market environment, where tech stocks are overwhelmed by worries about difficult macroeconomic conditions, investors should also consider other possibilities. With inflation and interest rates on the rise and […]]]>

When a company loses more than 90% of its stock value, it can be easy to assume that it might be structurally constrained. But in the current market environment, where tech stocks are overwhelmed by worries about difficult macroeconomic conditions, investors should also consider other possibilities.

With inflation and interest rates on the rise and forcing many consumers to cut back on spending, bottom lines for all kinds of businesses will take a hit. But some actions, including Assets received (UPST -0.44%) and GoPro (GPRO 1.17%)are unlikely to take a hit that warrants their stocks being down more than 90% from all-time highs.

It’s true that both of these companies face unique challenges in this environment, but they are taking positive long-term steps, and that’s what investors should focus on. Here’s why now might be the perfect time to buy their shares in hand.

1. Upstart: revolutionizing the lending industry

Lending money is an age-old concept, but new ideas are sometimes adopted that revamp the way it’s done, especially in this age of technological innovation. For 30 years, Just IsaacThe FICO scoring system has been the standard method used by banks to assess a potential borrower’s creditworthiness. But Upstart says FICO is outdated and using artificial intelligence (AI) to change the way creditworthiness is determined.

Upstart has built an algorithm that measures up to 1,600 data points on an individual to more accurately gauge their ability to repay borrowed money. This AI process results in an instantaneous decision in approximately 73% of cases, saving lenders time and money.

When credit conditions tightened this year as economic conditions deteriorated, investors panicked and sold off Upstart shares. They worried that the company’s valuation models were built during good times and not battle-tested during a downturn or recession. The upstart management eventually responded with a presentation highlighting that their valuation models were working as expected.

Apparently the new data was good enough for lenders. In the second quarter, the company had 71 banks and credit unions as well as 640 car dealerships using its loan assessment platform. Those numbers represented a year-over-year increase of 184% for banks and 221% for dealers, so it’s clear that Upstart’s partners are still willing to embrace its AI-powered approach.

The company’s revenue has slowed somewhat because consumers are asking for fewer loans, but loan issuance is still expected to grow 5% in 2022. That’s a far cry from the 264% growth Upstart achieved in 2021, but this gain is temporarily very small. – interest rate environment. Upstart is a long-term investment story, and its potential market opportunity is estimated at $6 trillion in annual lending if the platform eventually expands to assess mortgage and commercial loan applications. With Upstart stock down more than 93% from its all-time high, this could be a chance to bottom buy.

2. GoPro: A turnaround for the ages

GoPro has been the longtime industry leader in action cameras, and its 94% share price decline began years ago. GoPro stock hit an all-time high of $93.85 shortly after becoming a publicly traded company in 2014, but when its one-dimensional hardware business began to struggle for growth, the stock plummeted and languished now at just $5.33 per share.

More recently, the company has begun to change things by unlocking new revenue streams through subscriptions and selling more of its camera gear directly to the consumer (relying less on large retail chains and retaining more profit). Not only has GoPro returned to growth, but it is even generating positive profits again.

In the second quarter of 2022, the company had more than 1.9 million paying subscribers, representing a 65% year-over-year increase. For around $50 a year, these customers get exclusive product discounts, unlimited cloud storage, and live streaming capabilities right from their GoPro camera. The company estimates it could generate $100 million in revenue from subscriptions in 2023, and with a gross margin of up to 80%, much of that revenue could flow into the bottom line as profit.

GoPro is gearing up to launch new desktop editing software in 2023, which could add another high-margin subscription revenue stream.

Analysts expect GoPro to generate $0.75 in earnings per share in 2022, down from the $0.90 reported in 2021, primarily due to a slowing economy and weak consumer sentiment right now. Still, that would put GoPro stock at a price/earnings multiple of just seven right now, which is a 69% discount to the Nasdaq-100 multiple of 23 of the technological index.

This implies that GoPro’s stock will need to triple just to trade in line with the wider tech sector. Since the company is no longer incurring losses, it’s a much less risky investment, and its current valuation could turn out to be far too cheap looking back a few years from now, especially more than profits should return to growth as early as 2023. .

]]>