Company Archives - Delron-Buckley

AM Best Affirms Credit Ratings of Journey Insurance Company

October 13, 20201 min read

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Journey Insurance Company (Journey) (St. Petersburg, FL). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Journey’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Journey is majority owned by United Insurance Holdings Corp. (United) [NASDAQ: UIHC]. Journey was created in 2018 to take advantage of market opportunities within Florida, Texas and South Carolina, specifically regarding property coverage. The company’s balance sheet strength assessment is influenced by the infusion of significant capital intended to support its growth as it relates to underwriting, credit and investment risks. United provides strategic administration and operational support as it pertains to underwriting, ERM, claims, leadership and other functions. The ratings and outlooks consider

business

Merck: You Should Own A Stake In This Pharma Company (NYSE:MRK)

October 13, 20201 min read

When investing in pharma companies, you want the best of the breed. The companies with the most safety, the biggest moats, and the ones that have been around and mastered most crises. At least if you’re a conservative dividend investor, which if you read my articles, you have some interest in being or reading about.

Because of this, the number of pharma and healthcare investments I have is fairly limited – not necessarily in overall portfolio size, but in number and type of companies. I like the sort of companies that can survive almost anything, such as pharma companies, large healthcare megacaps, pharma companies with dozens of billions in revenues.

This is where the subject company of today’s article comes in – It’s Merck (MRK).

Merck & Co - Drug Company History, Products & Lawsuits

Merck – What does the company do?

Merck is a multinational company in the field of pharmacology. It is, in fact, one of the largest

business

Polish E-Commerce Company Allegro Lights up Europe’s IPO Market | Technology News

October 13, 20201 min read

By Anna Banacka and Anna Koper

WARSAW/GDANSK, Poland (Reuters) – Shares in Polish e-commerce group Allegro leapt more than 60% on their debut on Monday, giving the company a market value of almost $19 billion in Europe’s biggest initial public offering (IPO) so far this year.

Founded more than 20 years ago as a home-grown rival to eBay, Allegro is central Europe’s most recognised e-commerce brand and its website is attracting 20 million visitors a month as consumers go online during the COVID-19 pandemic.

Allegro’s strong start mirrored the performance of some recent IPOs in the United States where shares have shot up as investors showed they were willing to pay for companies with potential for growth.

Last month, British e-commerce firm The Hut Group made the biggest debut on the London Stock Exchange in seven years and Allegro’s successful launch was a further sign the European IPO market is

personal

Hedge Funds Are Selling Edgewell Personal Care Company (EPC)

October 13, 20201 min read

business

M.D.C. Holdings: Strong Total Return, Buy This Under The Radar Company With Earnings Expected To Be Strong This Quarter (NYSE:MDC)

October 12, 20201 min read

M.D.C. Holdings (MDC) is a buy for the total return and dividend income investor. M.D.C. Holdings is among the largest homebuilders in the United States and has an increasing owned backlog of over 17,000 lots to develop and options on another 7,000.

The company has steady growth and has the cash it uses to develop new properties and homes for the average home buyer. The lower interest rates give a tailwind to the company business. The Fed has indicated that they intend to keep interest rates low for at least a year or maybe two.

As I have said before in previous articles.

I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am reviewing. For a complete set of guidelines, please see my article “The Good Business Portfolio: Update

business

Muskegon company fined $66k for Detroit River dock collapse

October 12, 20201 min read

DETROIT, MI — A Muskegon firm will pay $66,000 to the state of Michigan this month for violations of state environmental law following a major failure of the company’s Detroit dock, which collapsed into Detroit River last fall.

Revere Dock LLC owner Steve Erickson of North Muskegon has signed a settlement with the Michigan Department of Environment, Great Lakes and Energy (EGLE) that outlines plans to restore and upgrade the site, which partly sank into the river on Nov. 26, 2019.

The state announced the settlement Oct. 12 and said Erickson has until summer to finish restoration work at the 5851 West Jefferson Avenue property. Upgrades include a new 600-foot steel seawall to replace the old wood and concrete dock that collapsed after a large pile of construction aggregate was placed near the shoreline.

The collapse initially sparked fears of contaminated drinking water because the site was used in the

business

Chevron passes Exxon as largest U.S. oil company

October 12, 20201 min read

(Reuters) – Chevron’s market value leapfrogged that of Exxon Mobil for the first time on Wednesday during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer.

Stocks in this Article

XOMEXXON MOBIL CORPORATION

Chevron’s market cap ended the day around $142 billion, topping Exxon Mobil’s $141.65 billion market value at the end of trade, according to Refinitiv data and Chevron SEC filings pertaining to the Nobel deal.

CHEVRON WORKERS FACE DEMANDS TO REAPPLY FOR JOBS UNDER GLOBAL RESTRUCTURING- SOURCES

Shares in Chevron closed up 2.047% on Wednesday and Exxon Mobile rose just 0.3%.

Chevron’s finances are stronger and its shares have performed better than its larger rival. It has shifted away from costly megaprojects favored by oil majors, and moved sooner this year to cut costs amid the coronavirus-induced sharp drop in oil and gas prices.

Investors have

business

She bootstrapped her company after facing bias. Now she’s helping other entrepreneurs do the same.

October 10, 20201 min read

This story originally ran on CNBC.com

Melissa Bradley’s mission to help women and people of color build their businesses stems from the hardships she faced as a young entrepreneur.

The 52-year-old, co-founder of the mentorship tech platform Ureeka and a Georgetown University professor, started her first company shortly after she graduated from college 30 years ago. The business’s mission was to provide financial literacy services to parents.

Bradley says that when she went to a government agency for a loan, she was told she had three strikes against her: She was Black, she was a woman and the person said she didn’t know any successful Black women in finance.

Bradley, who recently participated in the Ewing Marion Kauffman Foundation and CNBC + Acorns Invest in You’s “Rebuilding Better: A Virtual Town Hall for America’s Small & New Business Owners,” still managed to get her company off the ground. “I bootstrapped,”