tag:blogger.com,1999:blog-34514537804019972092024-02-19T01:35:12.581-06:00Marquette AIM Program BlogMarquette University's Applied Investment Management (AIM) promgram blog is hosted by Dr. David Krause, AIM Director.AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comBlogger2710125tag:blogger.com,1999:blog-3451453780401997209.post-5375414729233637582022-08-18T20:02:00.001-05:002022-08-18T20:02:06.370-05:00YOU'RE INVITED: AIM 2.0 Launch and Dr. David Krause’s Retirement Celebration<p> </p><div align="center"><table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="background: #E9E9E9; border-collapse: collapse; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 600px;">
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<p class="MsoNormal"><span style="mso-bookmark: _MailOriginal;"><span style="display: none; mso-hide: all;"><o:p> </o:p></span></span></p>
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<p style="mso-line-height-alt: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 18.0pt;">YOU'RE
INVITED:<br />
AIM 2.0 Launch and Dr. David Krause’s Retirement Celebration</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 12.0pt;">FRIDAY,
SEPTEMBER 9, 2022 | 5:00 to 10:00 p.m.</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><strong><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Harley
Davidson Museum</span></strong></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><br />
</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">400
West Canal St., Milwaukee</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"></span><a href="https://alumni.marquette.edu/aim?srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 12.0pt;">Register online for the AIM 2.0 Launch
and the Dr. Krause Celebration.</span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="background: white; color: black; font-family: "Arial",sans-serif; font-size: 10.0pt;">Join us as we launch AIM 2.0 and celebrate Dr. David
Krause, founding <br /></span></span><span style="font-family: Arial, sans-serif; font-size: 10pt;">director of the College of Business Administration’s
nationally recognized Applied Investment Management (AIM) program, on his
retirement from Marquette University.</span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 12.0pt;">The
event will feature:</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
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<li class="MsoNormal" style="color: #666666; line-height: 13.5pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Silent auction</span></span><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="color: #666666; line-height: 13.5pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Exclusive AIM alumni stock pitches</span></span><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="color: #666666; line-height: 13.5pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">Entertainment</span></span><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></li>
</ul>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">$100*
per person includes: dinner, hosted bar from 5 to 7 p.m. <em><span style="font-family: "Helvetica",sans-serif;">(cash bar to follow</span></em>), <br />casino chips, parking and Harley Davidson Museum admission ticket <em><span style="font-family: "Helvetica",sans-serif;">(valid for <br />90 days)</span></em></span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Please
also consider a table sponsorship of $2,500 to support AIM students
<br /> attending the event. <br /></span></span><span style="mso-bookmark: _MailOriginal;"></span><a href="https://alumni.marquette.edu/aim?srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Visit the event page for more details
and to register by Thursday, Aug. 25.</span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"></span><a href="https://alumni.marquette.edu/page.redir?target=https%3a%2f%2fgive.marquette.edu%2fmake-a-gift%2faim&srcid=86888&srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Make a gift </span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">to ensure the future of Marquette’s Applied Investment
Management and <br />to honor Dr. Krause’s retirement, or <br /></span></span><span style="mso-bookmark: _MailOriginal;"></span><a href="https://alumni.marquette.edu/page.redir?target=https%3a%2f%2fgive.marquette.edu%2fmake-a-gift%2faim%3ferid%3d11e01f15-cfba-458c-9615-9403a4bb8de9%26trid%3d11e01f15-cfba-458c-9615-9403a4bb8de9&srcid=86888&srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt;">share your favorite memory and send him
well-wishes</span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">. Jamie Frommelt, Arts ’93,
will <br />match gifts made to the Applied Investment Management Program,
dollar-for-dollar <br />up to $10,000.</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><em><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 8.0pt;">*Please
note that a portion of the registration fee is considered a non-refundable,
tax-deductible gift to the <br />Applied Investment Management Program Fund.</span></em></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<span style="mso-bookmark: _MailOriginal;"></span>
<div align="center" class="MsoNormal" style="line-height: 13.5pt; text-align: center;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">
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<p style="mso-line-height-alt: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 18.0pt;">Marquette
Business and Innovation Leadership Facility Tour</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 12.0pt;">FRIDAY,
SEPTEMBER 9, 2022 | 12:00 to 5:00 p.m. </span></span><span style="mso-bookmark: _MailOriginal;"><em><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 12.0pt;">(</span></em></span><span style="mso-bookmark: _MailOriginal;"><em><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">staggered 30-minute <br />tours)</span></em></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">16th
Street and Wisconsin Avenue, Marquette University campus</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Join
us for an exclusive, 30-minute tour of the new College of Business building
<br />between 12 to 5 p.m. </span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"></span><a href="https://alumni.marquette.edu/page.redir?target=https%3a%2f%2fnam02.safelinks.protection.outlook.com%2f%3furl%3dhttps%253A%252F%252Fwww.signupgenius.com%252Fgo%252F20f044daba62babf49-newcollege%26data%3d05%257C01%257Clinda.manka%2540marquette.edu%257C27b29f38b7e640e4929b08da7ec52835%257Cabe32f68c72d420db5bd750c63a268e4%257C0%257C0%257C637961682496015879%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C3000%257C%257C%257C%26sdata%3dSSDEwpVuzElzyE7PmEGXMp71lVDTeg5np7fwPotHMts%253D%26reserved%3d0&srcid=86888&srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 12.0pt;">Sign up for the tour here.</span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<span style="mso-bookmark: _MailOriginal;"></span>
<div align="center" class="MsoNormal" style="line-height: 13.5pt; text-align: center;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">
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<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Consider
joining us the following day for a one-on-one professional networking event
<br /> with current AIM students.</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="mso-line-height-alt: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 18.0pt;">AIM
Mini-Career Day</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: #003366; font-family: "Helvetica",sans-serif; font-size: 12.0pt;">SATURDAY,
SEPTEMBER 10, 2022 | 10:00 a.m. to 1:00 p.m.</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><strong><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">10:00
to 10:45 a.m. Fintech Session Panel</span></strong></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><br />
</span></span><span style="mso-bookmark: _MailOriginal;"><strong><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">10:45
a.m. to 12:15 p.m. Student/Professionals Speed Networking and Lunch</span></strong></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><br />
</span></span><span style="mso-bookmark: _MailOriginal;"><strong><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">12:15
to 1:00 p.m. Women in Finance Panel</span></strong></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">This
program is complimentary</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"></span><a href="https://alumni.marquette.edu/aim?srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 12.0pt;">Register for the AIM Mini-Career Day by
Thursday, August 25. </span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; font-family: "Helvetica",sans-serif; font-size: 10.0pt;">Direct
any questions or special needs about any of the AIM events to <br />Jessica
Hoerres (414) 288-8024 or</span></span><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"> </span></span><span style="mso-bookmark: _MailOriginal;"></span><a href="mailto:jessica.hoerres@marquette.edu"><span style="mso-bookmark: _MailOriginal;"><span style="font-family: "Helvetica",sans-serif; font-size: 10.0pt;">jessica.hoerres@marquette.edu.</span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><span style="color: #666666; font-family: "Helvetica",sans-serif; font-size: 10.0pt;"><o:p></o:p></span></span></p>
<p style="line-height: 13.5pt;"><span style="mso-bookmark: _MailOriginal;"></span><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDyT1bQF5kvnkNGaiuyNz6q3p5oj2R77dFmJpzyW6lmkTpqO1R6QyvcD1ZH9rF-j331qxNd_q_CoxNdajam1Gj3vUrjal11kkWNIhewmcMTs5og-_j7yoHgtu5iO-nWUOklQlBBwCIUxDAenmdR_p2Gu5jku63iQoOcgtL_w95vtgAYi8AInrB7CTv/s536/Picture2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="88" data-original-width="536" height="53" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDyT1bQF5kvnkNGaiuyNz6q3p5oj2R77dFmJpzyW6lmkTpqO1R6QyvcD1ZH9rF-j331qxNd_q_CoxNdajam1Gj3vUrjal11kkWNIhewmcMTs5og-_j7yoHgtu5iO-nWUOklQlBBwCIUxDAenmdR_p2Gu5jku63iQoOcgtL_w95vtgAYi8AInrB7CTv/s320/Picture2.png" width="320" /></a></div><br />
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<p align="center" style="text-align: center;"><span style="mso-bookmark: _MailOriginal;"> </span><a href="https://alumni.marquette.edu/communication-preferences?srctid=1&erid=21ad440e-9c19-45b2-8695-5ebf9106797e&trid=21ad440e-9c19-45b2-8695-5ebf9106797e"><span style="mso-bookmark: _MailOriginal;"><span style="color: white;">.</span></span><span style="mso-bookmark: _MailOriginal;"></span></a><span style="mso-bookmark: _MailOriginal;"><o:p></o:p></span></p>
<p class="MsoNormal" style="background: white;"><span style="mso-bookmark: _MailOriginal;"><span style="color: black; mso-color-alt: windowtext;"><span style="mso-no-proof: yes;"><!--[if gte vml 1]><v:shape
id="_x0000_i1027" type="#_x0000_t75" style='width:.6pt;height:.6pt;
visibility:visible'>
<v:imagedata src="file:///C:/Users/hoerresj/AppData/Local/Temp/msohtmlclip1/01/clip_image005.gif"
o:href="https://alumni.marquette.edu/smtp.mailopen?id=21ad440e-9c19-45b2-8695-5ebf9106797e"/>
</v:shape><![endif]--><!--[if !vml]--><img border="0" height="1" src="file:///C:/Users/hoerresj/AppData/Local/Temp/msohtmlclip1/01/clip_image005.gif" v:shapes="_x0000_i1027" width="1" /><!--[endif]--></span></span></span><o:p></o:p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-65427223700328875672022-05-10T10:19:00.002-05:002022-05-10T10:19:24.622-05:00An International Equity holding: JAZZ Pharmaceuticals PLC. (JAZZ, $156.62): “Listen to the Music!” By: Danny Scelza, AIM Student at Marquette University<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">JAZZ
Pharmaceuticals PLC. (JAZZ, $156.62): “Listen to the Music!”<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Danny
Scelza, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4ks83ULHRz0nTOobBd_VFeWP9huEi_SIjHSwJwLeAIV0C3KCAGMBicHLGcMxigmQWOj-A2Jn7ZOdaLWEDHoqZeHnycr1kUNSR7djIqCzTQKCHr8No2xXEqYtxt6l-dBMODCIEthA2Ks6GO-3pwh2AfrczK2eEjo80MRLP53StPVwRqEXICwRWSMXw/s301/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="121" data-original-width="301" height="121" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4ks83ULHRz0nTOobBd_VFeWP9huEi_SIjHSwJwLeAIV0C3KCAGMBicHLGcMxigmQWOj-A2Jn7ZOdaLWEDHoqZeHnycr1kUNSR7djIqCzTQKCHr8No2xXEqYtxt6l-dBMODCIEthA2Ks6GO-3pwh2AfrczK2eEjo80MRLP53StPVwRqEXICwRWSMXw/s1600/1.png" width="301" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary:<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">• <b style="mso-bidi-font-weight: normal;">Jazz Pharmaceuticals. (NASDAQ: JAZZ</b>) is a global pharmaceutical
company that focuses on the identification, development, and commercialization
of pharmaceutical products. Their products are centered around medicines for
both adults and adolescents in the areas of neuroscience, oncology, and other.
JAZZ has developed staple brands like Xyrem and Xywav, as well as newly
approved drugs and therapies along with an extensive pipeline of 17 drugs and
therapies in clinical trial phases.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">• In Quarter 1 of 2022, JAZZ
reported an EPS of $3.73, lower than the consensus EPS of $3.84 for the
quarter. EPS is up 7% YTD from Q1 2021. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">• JAZZ’s vision 2025 plan to
reach a net leverage ratio of 3.5x by the end of 2022, a main point of focus in
JAZZ’s pitch in February, is on pace to meet the goal. Since the close of the
large GW acquisition in Q2 2021, JAZZ has consistently lowered net leverage
quarter-to-quarter and currently have a net-leverage ratio of 3.9x.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">JAZZ’s recent earnings call showed the company slightly missed
adjusted EPS by $0.11, but the company raised revenue guidance for fiscal year
2022 from $3.5 billion to $3.7. Focusing on Epidiolex, the adopted drug from
the GW acquisition with massive potential, product sales YTD are up 6.7% and
accomplished $18 million inventory build in 2021 Q4, majority reserved for this
past quarter. Commercialization of Epidiolex in European markets continues on
pace with the drug fully available in 4 of 5 key European markets with an
expected launch in France by the end of this year. <o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: "Georgia",serif; font-size: 12.0pt;">Recently launched and near-term
R&D pipeline opportunities remain promising with the addition of two new early-stage
molecules. Programs emerging from the cannabidiol platform are on track to
begin additional phase 3 trial for Epidiolex in epilepsy later this quarter,
which could bolster this drugs outlook. Ongoing compelling Xywav clinical
trials to address idiopathic hypersomnia remain strong following the first full
quarter of treatment options for IH that don’t just address symptoms. Active
patients taking Xywav for IH has grown 200% over the past quarter.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: "Georgia",serif; font-size: 12.0pt;">Earlier this quarter, JAZZ
acquired global development and commercialization rights to Werewolf
Therapeutic’s WTX-613, worth up to $1.2 billion. "We believe WTX-613 has the
potential to minimize the toxicity associated with systemic IFNα therapy,
preferentially delivering IFNα to tumors, and thereby expanding its clinical
utility in treating cancer," said Rob Iannone, executive vice president,
global head of R&D of Jazz Pharmaceuticals. JAZZ made an upfront payment of
$15 million, and Werewolf is eligible to receive a tiered, mid-single-digit
percentage royalty on net sales of WTX-613.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">After
beating EPS estimates of $3.64 by producing a 2021 Q4 EPS of $4.21, JAZZ’s
stock price rose 12% and continued to trend positively reaching a six-month
high of $168.66. After their recent missed earnings, the stock dropped 4.7%. Focusing
on organic growth and taking a back seat on more major investments following
the GW acquisition, the company has seen their new top line drivers gain
traction as they lower their net leverage ratio, making recent stock price drop
nothing catastrophic to its long-term outlook.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance:</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> In the last year, JAZZ is down 11.68%, with a
high $181.17 and a low price of $122.41. The iShares MSCI ACWI is down 8.28%
over that same time. The low-price period was due to the expected aftermath of
the GW acquisition which caused JAZZ unprofitability for quarter’s 2 3 and 4 of
2021. <o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLhCLfN3q3T9uTenUW3oDKaqYIu6ZC9AlOK9W8pkHPL4pRgNEuBWfph4BzcrfwL9ogWrQ-Dsqc4cp0CYAaOx82kSg2RS3rvQyDnNoqkOAA1CqtginOWOjhj729nuPKVvg_4nSo-m83Cy8iOx2lttWuhFUQokp1S2toHuWEFec1oQ9H3iAl9FvLzTbe/s1430/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="567" data-original-width="1430" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLhCLfN3q3T9uTenUW3oDKaqYIu6ZC9AlOK9W8pkHPL4pRgNEuBWfph4BzcrfwL9ogWrQ-Dsqc4cp0CYAaOx82kSg2RS3rvQyDnNoqkOAA1CqtginOWOjhj729nuPKVvg_4nSo-m83Cy8iOx2lttWuhFUQokp1S2toHuWEFec1oQ9H3iAl9FvLzTbe/w400-h159/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Following the recent earnings
report, the stock price declined due to missed EPS guidance, but revenue outlook
for the year increased by $200 million. When AIM international fund acquired
JAZZ, their expanding drug portfolio and robust pipeline was essential to
driving top line growth and overall company growth. Financial goals and
continued guidance remain consistent with initial outlook presented, making the
long-term outlook on JAZZ strong. As top line growth and drug specific market
penetration continues, JAZZ is a strong recommended HOLD.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlHiH0JlWhSzl2C_LmvXzxsn9zb_di960QTmXJOI1TpNNddPu2s0PQELJIBwD9yYLbSL1fAg6bdveJZ5LwQcpkd8pky3K7k21BCYFB4tUAZu_hNrluLPUutkg3PdCGm6vNHp6nWtyyyw6vhDUih0FpWlMezXm8u3LiV-KlUNwhhso3RktITC5gu3vr/s1430/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="564" data-original-width="1430" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlHiH0JlWhSzl2C_LmvXzxsn9zb_di960QTmXJOI1TpNNddPu2s0PQELJIBwD9yYLbSL1fAg6bdveJZ5LwQcpkd8pky3K7k21BCYFB4tUAZu_hNrluLPUutkg3PdCGm6vNHp6nWtyyyw6vhDUih0FpWlMezXm8u3LiV-KlUNwhhso3RktITC5gu3vr/w400-h158/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-30591248106378959522022-05-10T10:15:00.005-05:002022-05-10T10:15:37.820-05:00A Small-Cap Equity holding: Casey’s General Stores (CASY, $201.30): “Pizza and Gas, an Unlikely Combination” By: Max Tiemann, AIM Student at Marquette University<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Casey’s
General Stores (CASY, $<a name="_GoBack"></a>201.30): “Pizza and Gas, an
Unlikely Combination”<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Max
Tiemann, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAbqzLRuisEwPHzeGsRxZ4oH0mTdwaPJmD7vx1CSVd7DTnPmgB-fwTybVKd3dVKPAk94d6MQZ168qYv7Sp2VRJejZ2bXZTrKD_x1RtRBaUYiE7lvNkwnBtkli-9sTzUMg1fTH7WgmyH_Kq1q9pN3xaOsu7wQ-ZJIslnRsInsdCOqy8oh2WDTpS0yaF/s244/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="207" data-original-width="244" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAbqzLRuisEwPHzeGsRxZ4oH0mTdwaPJmD7vx1CSVd7DTnPmgB-fwTybVKd3dVKPAk94d6MQZ168qYv7Sp2VRJejZ2bXZTrKD_x1RtRBaUYiE7lvNkwnBtkli-9sTzUMg1fTH7WgmyH_Kq1q9pN3xaOsu7wQ-ZJIslnRsInsdCOqy8oh2WDTpS0yaF/s1600/1.png" width="244" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM Small-Cap Equity Fund currently holds this position. This article was
written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Casey’s
General Stores Inc. (NASDAQ: CASY</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">) operates gas stations and
convenience stores across the US Midwest region. The company operates
through a fuel segment (55% of revenue), a grocery and other merchandise
segment (31%), a prepared food and fountain segment (13%), and an other
segment (1%). <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The
Covid-19 pandemic forced the company lose revenue as less people were on
the roads which decreased fuel sales and foot traffic. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">To
combat the pandemic, management has been extremely focused on their growth
strategy to earn 8-10% EBITDA growth year over year. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Growth
strategies include acquiring more stores, a digital app, Casey’s branded
products, and partnerships with UberEats and DoorDash</span></li></ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">Ever since Darren Rebelez took over
as CEO, Casey’s has aimed to have 8-10% EBITDA growth year over year. This
growth is needed due to the revenue lost from the Covid-19 pandemic. To achieve
this high growth the company has implemented a variety of strategy to
ultimately increase earnings for shareholders.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">The first
growth strategy that Casey’s has implemented is store growth and acquisitions.
Since 2010, the company has increased stores by a 4.37% CAGR and currently
operates over 2,458 stores. Casey’s increases their stores by either new store
builds or through acquisitions. This past year the company acquired 178 stores
from other gas stations. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">The
next growth strategy that Casey’s has implemented is partnering with UberEats
and DoorDash. This partnership allows the company to earn revenue from digital
orders and ultimately target a different customer base. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">Another
growth strategy that Casey’s has implemented is introducing a digital app and
their own brand. With over 4.2 million people on the Casey’s app, the company has
been able to earn revenue from digital sales of grocery and prepared foods. On
top of that Casey’s introduced their own brand that allows them to increase
their gross margin by having a lower cost of goods sold on their branded foods.
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">By combining
all these strategies, Casey’s aims to earn 8-10% EBITDA growth over the coming
years. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">Over
the past six months, CASY is up 4.39%. This increase can be attributed to management’s
growth strategy of acquisitions and adding more stores to increase earnings. Over
the past month, CASY is up 0.61% but over the past five days the stock is down
4.52%. This displays that recently CASY has had success and their returns may
be skewed from a difficult week. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Over the past year, CASY is down 9.74%. However,
this decrease primarily came in the beginning of the year. Over the past six
months CASY is up 4.39%, displaying that management’s growth strategy has been
effective in increasing earnings and the share price. <o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWk9uxACAA3MOMV_NGAcbd_IMMLe2cQR9rIh0-fRTfAUboBxMpMJnVjywply6kLjJQfvnljHQHtcsv4dEq7lPS7yENyCzLUVblA9feC4AqPqoSgTHonGe2WM3VVa4g9B7_owUWfh1xolP5WaAIo0DTKShK9ADN-UTofuR7dYwvGoeK4cAWdfcCiH88/s1432/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="772" data-original-width="1432" height="216" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWk9uxACAA3MOMV_NGAcbd_IMMLe2cQR9rIh0-fRTfAUboBxMpMJnVjywply6kLjJQfvnljHQHtcsv4dEq7lPS7yENyCzLUVblA9feC4AqPqoSgTHonGe2WM3VVa4g9B7_owUWfh1xolP5WaAIo0DTKShK9ADN-UTofuR7dYwvGoeK4cAWdfcCiH88/w400-h216/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">I believe that Casey’s General
Stores growth strategy will prove to be successful. By combining the strategies
of unit growth, digital sales, and their own brand, I think the company will be
able to grow their EBITDA and ultimately increase EPS. On top of that, I think
the Covid-19 pandemic forced Casey’s to miss out on a ton of foot traffic which
ultimately decreased revenue and their share price. As the world finally
returns to normalcy, I believe the stock price should continue to increase.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9uxKtnqaQUdUf5cN0p8xt9uarL8hgSMbyWHvlKmzaSEjaavwxDcVAMI0ttAFPt2_HUzQcq-AnfLnjeiLVcueUadrLLohVtUIuYJayXDkuYnjOqtM72dxciVc1l3vNmpzT4Vk6RYtm6h86xON4QG790T6wJBxocyOm4pJVQibx-bWgPZQdihpdxUU7/s1430/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="770" data-original-width="1430" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9uxKtnqaQUdUf5cN0p8xt9uarL8hgSMbyWHvlKmzaSEjaavwxDcVAMI0ttAFPt2_HUzQcq-AnfLnjeiLVcueUadrLLohVtUIuYJayXDkuYnjOqtM72dxciVc1l3vNmpzT4Vk6RYtm6h86xON4QG790T6wJBxocyOm4pJVQibx-bWgPZQdihpdxUU7/w400-h215/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-77566927753403985532022-05-10T09:32:00.004-05:002022-05-10T09:32:38.363-05:00An International Equity holding: STMicroelectronics NV ADR RegS (STM, $37.64): “ST(MEMS)” By: Kevin Igoe, AIM Student at Marquette University<p style="text-align: center;"> <b style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STMicroelectronics
NV ADR RegS (STM, $<a name="_GoBack"></a>37.64): “ST(MEMS)”</span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Kevin
Igoe, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9xpRJf490xZi3OtzKLKLkFy5r9QVO5zo_e0k465Q7m9HdyCywhSa5vSfyHebC6n7aFRGTvsB_49BAY5p9eR3yP3DEFFXtorD3uEgJETIV4hm9gQEamy63aK0jDJ7RdnqS8fQgiCwwTXONgjg4gnuiMsT_-YptGcLdjSQMZzu1thCFdX8ANBoBxiMH/s119/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="87" data-original-width="119" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9xpRJf490xZi3OtzKLKLkFy5r9QVO5zo_e0k465Q7m9HdyCywhSa5vSfyHebC6n7aFRGTvsB_49BAY5p9eR3yP3DEFFXtorD3uEgJETIV4hm9gQEamy63aK0jDJ7RdnqS8fQgiCwwTXONgjg4gnuiMsT_-YptGcLdjSQMZzu1thCFdX8ANBoBxiMH/w200-h146/1.png" width="200" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary
<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STMicroelectronics NV ADR
RegS (NYSE: STM)</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> designs, develops, manufactures, and markets
products, which offers discrete and standard commodity components,
application-specific integrated circuits, full custom devices and
semi-custom devices for analog, digital and mixed-signal applications.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STM has
seen a variety of wins in their automotive segment through new
microcontrollers and power modules.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STM
intends to target industry leaders within the industrial industry with
leading-edge products adapted to their needs.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STM
is currently on track with their 2022 plans in revenues and CAPEX investments
to sustain short- and long-term growth.<span style="mso-spacerun: yes;">
</span><o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: <span style="mso-spacerun: yes;"> </span></span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">STM through Q1 2022 has earned designed wins with
their power modules and module maker using Gen3 SiC MOSFET technology EV Traction
Inverter applications.<span style="mso-spacerun: yes;"> </span>What this
technology does is help eliminate tail current during switching which results
in faster operation, reduced switching loss, and increased stabilization.<span style="mso-spacerun: yes;"> </span>Along with this effective use of new
technology STM has also designed their next-generation stellar automotive MCU
into a new zonal architecture for software-defined vehicles.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In STM’s latest earnings presentation
they explained for their industrial segment they ranked number one worldwide in
general purpose microcontrollers for 2021.<span style="mso-spacerun: yes;">
</span>While also introducing their first intelligent sensor processing unit
with Gen3 MEMS.<span style="mso-spacerun: yes;"> </span>MEMS is a process
technology used to create tiny integrated devices or systems that combine mechanical
and electrical components helping their products become more efficient and in
return attractive to customers. Finally, STM has grown their sockets in various
industrial applications helping them target the growing markets of renewable
energy and power saving technologies. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STM has planned to invest about
$3.4 to $3.6 billion in CAPEX to increase the production capacity and strategic
initiatives.<span style="mso-spacerun: yes;"> </span>The first of their investments
being in their new industrialization line located in Italy.<span style="mso-spacerun: yes;"> </span>Based on the strong demand from customers and
planned future investments STM has a goal of revenues for 2022 to be in the
range from $14 billion to $15 billion.<span style="mso-spacerun: yes;">
</span>This target goal would mean a growth of about 17%.<span style="mso-spacerun: yes;"> </span>After quarter one 2022 they have done $3.55
billion in revenue currently being on track with their projected growth for the
current year.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In the past week STM has seen an
increase of 3.32% after releasing earnings for quarter one fiscal year 2022 on
April 27<sup>th</sup>.<span style="mso-spacerun: yes;"> </span>The company
reported EPS of $0.79 and revenue of $3.55 billion beating estimates in both
categories.<span style="mso-spacerun: yes;"> </span>This could be the momentum
boost the companies needed after decreasing 11.79% in the past month.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: <o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">STM year to date has decreased
25.02%.<span style="mso-spacerun: yes;"> </span>This has been closely related to
the current semiconductor shortage that has been going on for the last year and
a half.<span style="mso-spacerun: yes;"> </span>The reduction in car sales has
also impacted STM’s automotive segment operations.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></p><p class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><span style="mso-spacerun: yes;"></span></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKVeNsfCAHLFu5LxGCmju8A-Q6u1l1jFTeOP3WSwFs1nI3XgsmYyAP89qwFMRmqo5NEGVjKStW4g4Mv8PbZu5W5xcKZo-UZWBaTGADGEd53MuOf_prLG4YASvpeOVWaR8FcFsQMW9AQ9_Pv4Mz3yMqhbI1x5_-KpF4cUvwbxC5RnSHA9FX7Tc2XKTk/s713/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="387" data-original-width="713" height="217" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKVeNsfCAHLFu5LxGCmju8A-Q6u1l1jFTeOP3WSwFs1nI3XgsmYyAP89qwFMRmqo5NEGVjKStW4g4Mv8PbZu5W5xcKZo-UZWBaTGADGEd53MuOf_prLG4YASvpeOVWaR8FcFsQMW9AQ9_Pv4Mz3yMqhbI1x5_-KpF4cUvwbxC5RnSHA9FX7Tc2XKTk/w400-h217/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">I believe STM is well suited for
the future with the semiconductor industry taking a large impact from
implications relating to the Covid-19 pandemic.<span style="mso-spacerun: yes;">
</span>Research has shown that the global semiconductor should grow about 10% through
the end of 2022 proving there is growth opportunities for STM to potentially
capitalize on.<span style="mso-spacerun: yes;"> </span>With their impressive revenue
in quarter one staying on track with management’s plan to reach about $14
billion in total revenue for 2022 and advancements being made in the automotive
and industrial industries I believe STM has tremendous opportunities for
growth.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTDIJqz77FluLk5oFOln_I2_e-QNCx9yJR8gRs-Qv_6CcS-LoNtCJ9tOlyLAYl66aIJmxibFWxAcs0unh9wc6w9BiKohd2co8uC8xv0aDRgbUizohRGNbb7MKw-91Vs17HpxxFYRoHjnqZIeZuMffrTbu730SChREnhazmohRI12XFMSRHL1pTcXk1/s697/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="368" data-original-width="697" height="211" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTDIJqz77FluLk5oFOln_I2_e-QNCx9yJR8gRs-Qv_6CcS-LoNtCJ9tOlyLAYl66aIJmxibFWxAcs0unh9wc6w9BiKohd2co8uC8xv0aDRgbUizohRGNbb7MKw-91Vs17HpxxFYRoHjnqZIeZuMffrTbu730SChREnhazmohRI12XFMSRHL1pTcXk1/w400-h211/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-79654081083011748172022-05-10T09:24:00.002-05:002022-05-10T09:24:09.144-05:00A Small Cap Equity holding: National Vision Holdings, Inc. (EYE, $38.97) By: Grace McCrea, AIM Student at Marquette University<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">National Vision Holdings, Inc. (EYE, $38.97)<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">By:
Grace McCrea, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhovc4uRje57EzW8BP6X2aD_ZjYJiVMRPWfejimObtpTJrew5LLoHGqbEKYubdji_zbn4s4I1zvu3wJJYNBtwFCQ-QYc6i8iq3y-uhI5lkDH7jygZmRwafNvMcaLWPk43brdJf7KjCFFnhm7eF4NXSN78Ii7Fc52K4UQeI2uLihjCW18dN7vZeJ_DoF/s245/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="172" data-original-width="245" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhovc4uRje57EzW8BP6X2aD_ZjYJiVMRPWfejimObtpTJrew5LLoHGqbEKYubdji_zbn4s4I1zvu3wJJYNBtwFCQ-QYc6i8iq3y-uhI5lkDH7jygZmRwafNvMcaLWPk43brdJf7KjCFFnhm7eF4NXSN78Ii7Fc52K4UQeI2uLihjCW18dN7vZeJ_DoF/w320-h225/1.png" width="320" /></a></div><span style="font-family: Georgia, serif; font-size: 8pt;"> </span><p></p>
<p class="MsoNormal" style="line-height: 106%; margin-bottom: 8.0pt; text-align: justify;"><i style="mso-bidi-font-style: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 106%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Disclosure: The AIM
Small-Cap Equity Fund currently holds this position. This
article was written by myself, and it expresses my own opinions. I am not
receiving compensation for it, and I have no business relationship with any
company whose stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="line-height: 106%; margin-bottom: 8.0pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 106%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Summary<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; mso-pagination: none; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";"> </span></span></span><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">National
Vision Holdings, Inc. (NYSE: EYE) </span></b><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">specializes in the
sale of optical products, specifically eye care and eyewear. The majority (91%)
of revenue is generated from the Owned & Host segment, which contains sales
from the eyeglass companies that EYE works with. The remaining revenue comes
from the Legacy segment, which processes<span style="mso-spacerun: yes;">
</span>inventory and lab services.<b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; mso-pagination: none; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Just a few weeks ago, on April 11,
2022, EYE added Joe VanDette to their company as Chief Marketing Officer. He
has previous experience at Smart & Final (grocery), as well as at Toys ‘R
Us (clothing and toy retailer) in positions involving marketing, analytics, and
strategy. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;"><span style="mso-list: Ignore;">●<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">In an investor presentation released in
March 2022, EYE emphasized that their store count has been increasing at a CAGR
of 7% for 16 years. Although their new store success rate is a very impressive
97%, a comment about their commitment to e-commerce would have been beneficial.
In order to accommodate younger generations who prefer online shopping, it will
be necessary for EYE to focus on improving their experiential platform in the
digital space. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Key Points: </span></b><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Although
EYE has been committed to Corporate Social Responsibility (CSR) for over 30
years, they began a special dedication to CSR in 2021, which started with an
Impact Report. In order to evaluate their historical commitment to CSR, EYE
organized a strategic assessment and a sustainability assessment. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; text-align: justify;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">To
begin these assessments, EYE identified their most prevalent environmental
impact locations throughout the business. This helped clarify focus areas of
CSR that need improvement at National Vision Holdings. Finally, management
created a governance structure, lived out in the Board of Directors, to
prioritize CSR initiatives. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; text-align: justify;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">In
addition to this commitment towards CSR, EYE has an advantage in the market as
a whole, which is important for their future success. According to management,
EYE currently has 965 locations throughout the country, which only represents
about 31% of the total available market. The other 69% of the market represents
extreme growth potential for National Vision Holdings, Inc.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 106%; margin-bottom: 8.0pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 106%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">What has the stock
done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; text-align: justify;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">The
overall markets saw a rough start to 2022, and recent macroeconomic issues like
the conflict between Russia and Ukraine have not helped. However, in their
Q4FY21 earnings call on Feb 28, 2022, EYE reported a 4.46% increase in revenue,
signifying that they beat earnings. This is significant for many reasons, but
primarily because it marks the first year that EYE brought in net revenues
greater than $2 billion. Even with this positive news, EYE has reported a YTD
return of -21.57%. This is likely due the company’s struggle to report
pre-pandemic same store sales growth. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Past Year Performance: </span></b><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">EYE’s
performance over the past year has been quite volatile, resulting in a 52-week
return of -26.47%. As shown below, as of April 28, 2022, the stock is rather
cheap and trading near its 52-week low of $34.70. <o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 8pt; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi83nJszXKmelHdLyR7tGl_Gd6R7lZxJlj79qj6mGEV0vyYH6qrMaL6YKN2IQzoOeXQ09nlcg12bjSviFD0rC2FBiZhhPDejNMA5_QjX50uH9WvsvLKfOKXLEfyKY_BSpRG3YsswU_xYtOA9bEXTmvO_AcVfYEbp0IbYs3Oym6Ecf3OVQmGBAcrg5CZ/s624/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="295" data-original-width="624" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi83nJszXKmelHdLyR7tGl_Gd6R7lZxJlj79qj6mGEV0vyYH6qrMaL6YKN2IQzoOeXQ09nlcg12bjSviFD0rC2FBiZhhPDejNMA5_QjX50uH9WvsvLKfOKXLEfyKY_BSpRG3YsswU_xYtOA9bEXTmvO_AcVfYEbp0IbYs3Oym6Ecf3OVQmGBAcrg5CZ/w400-h189/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: Factset</span></div><p></p>
<p class="MsoNormal" style="line-height: 106%; margin-bottom: 8.0pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 106%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">My Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom: 8.0pt; text-align: justify;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">EYE’s
dedication to CSR is impressive. Commitment to corporate social responsibility
and/or environmental social governance is currently a majority of investor's
priority and preference. It’s really important to know what investors, as well
as customers, want. With this in mind, I would like to see a stronger
commitment to their customers through e-commerce. With one of their closest
competitors being Warby Parker, who is known for offering an exceptional online
experience for “trying on” glasses, EYE must commit to the younger generations
who prefer to shop this way.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 8pt; text-align: center;"><span lang="EN" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFT7Aw5xDdgMGCqbhYm9NSGLqlNsQUbTpx1-MSsBMLlGUw4neTFPINOcgFz8AG7fhC5NVHQbscEcCw-vbGHG3wzzWnJD2Vc39qfLNZpm8X9pAMzhwuDOaIirCMOK4uj9uyp2aNWSr6-KYi5uXpZgLYsZIFZ6L6EOixXsjes5rcncc0whw1fs1rQZSt/s624/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="297" data-original-width="624" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFT7Aw5xDdgMGCqbhYm9NSGLqlNsQUbTpx1-MSsBMLlGUw4neTFPINOcgFz8AG7fhC5NVHQbscEcCw-vbGHG3wzzWnJD2Vc39qfLNZpm8X9pAMzhwuDOaIirCMOK4uj9uyp2aNWSr6-KYi5uXpZgLYsZIFZ6L6EOixXsjes5rcncc0whw1fs1rQZSt/w400-h190/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 12pt;">Source:
Factset</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-88094468494982845122022-05-10T09:20:00.005-05:002022-05-10T09:20:50.167-05:00An International Equity holding: Eaton Corp. Plc (ETN, $145.71): “The (electrical) Power of Eaton” By: Zach Turbett, AIM Student at Marquette University<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Eaton
Corp. Plc (ETN, $145.71): “The (electrical) Power of Eaton”<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Zach
Turbett, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIoRC5VglXwr22YoHPKljaHmSl_I8I8Q7THUyI0QnP_yNpcsHAhos3HCAFBlNvmPjXMCU_RvU1tVe7x-B4Sp6sywIbBQu_wmOCQLULlQLIAEB1hTweFttvnsmMp9eqcu5TeqR2lJETllIZUsSB3RDpZfhip74upm5ZaUjYOFmkmzspbtk59BNt50X8/s401/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="223" data-original-width="401" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIoRC5VglXwr22YoHPKljaHmSl_I8I8Q7THUyI0QnP_yNpcsHAhos3HCAFBlNvmPjXMCU_RvU1tVe7x-B4Sp6sywIbBQu_wmOCQLULlQLIAEB1hTweFttvnsmMp9eqcu5TeqR2lJETllIZUsSB3RDpZfhip74upm5ZaUjYOFmkmzspbtk59BNt50X8/s320/1.png" width="320" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary
<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Eaton Corp. Plc <span style="mso-spacerun: yes;"> </span>(NYSE:ETN)</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> provides
energy-efficient solutions for electrical, hydraulic, and mechanical
power. The company operates in four different segments: Electrical
Americas and Electrical Global, Aerospace, Vehicle, and eMobility. Eaton
operates internationally with the majority of sales based in the United
States. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">With
the sale of Eaton’s hydraulic business, it has allowed the company to
continue to heighten and expand in their current segments. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In
Q1 of 2022, Eaton acquired Royal Power Solutions for $600 million. Royal
Power Solutions is a manufacturer of electrical connectivity components
used in electric vehicle, energy management, industrial and mobility
markets.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The
company announced the addition of two key executives which will go into effect
July 5<sup>th</sup>, 2022. Heath Monesmitch will be named President and
Chief Operating Officer of the Electrical Sector where he will be
responsible for the EMEA region. Additionally, Paulo Ruiz will be the
President and Chief Operating Officer of the Industrial Sector. Both
additions will add great value to the company in the future. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Eaton
has experienced substantial financial growth in a challenging environment
in Fiscal 2021 in relation to the Covid-19 pandemic, inflation, and supply
chain constraints. <o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">Late last year, Eaton completed the
sale of its hydraulic business to Danfoss (a danish industrial company) for
$3.3 billion</span><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">. The hydraulic business was seen as a large but
slower-growth, lower margin business than the rest of the company. With the
sale of the hydraulic business, it marks as another milestone for the company’s
transformation into a higher growth company. Additionally, this sale will
provide great value for its shareholders as it earns higher returns. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Eaton completed a very recent
acquisition of Royal Power Solutions which will synergize well with its already
existing electrical segment. With Eaton’s continued commitment to improve
quality of life through power management technologies, this will allow the
company to excel. Also, this acquisition will give them the ability to
capitalize on their fast-growing eMobility, Aerospace, and electrical
businesses. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In the past year, the world has
experienced major setbacks due to the pandemic, supply chain constraints, and
rising inflation. Throughout this period, ETN has continued to show financial
strength. For FY 21’, sales were up $19.6 billion dollars, representing 10%
organic growth. In fact, all segment margins were up 18.9% which was an all-time
record for the company. Additionally, the company continued to reinvest in the
already growing company with $575 million going towards Capex and $616 million
towards R&D activities. Lastly, Eaton returned $1.2 billion to their
investors through dividends, and through this same period, their share price
grew 44%. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">As of late, the stock has seen
increased volatility since the beginning of this year. At the beginning of this
year, ETN’s share price was $170.56, and today it sits at $145.71, representing
a decrease of 14.5%. This decline in price is partly due to the current
geo-political tension between Russia and Ukraine, and ongoing supply chain
constraints. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: <o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">ETN’s 52-week range stretches from $139.12-175.72, with its
low trailing back to mid-June of last year. Today, the share price is hovering
very close to its price of that a year ago. In August of 2021, ETN saw a slight
dip from $168.84 to $148.39 due to the CEO’s press conferencing speaking on the
supply chain issues. He explained that the company will have challenges when
respect to their revenue. However, the share price quickly bounced back in the
following months hitting its all-time high. The company will be releasing its
Q1 2022 earnings on May 3<sup>rd</sup>. <o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="color: red; font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">1 Year Stock Chart vs. Benchmark from FactSet here<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; font-weight: bold; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihIhkjz08UurN3bi50KC3Ct9ikHB8hKb6tB2obL5STJkjIlOfahAGIm_yaksRENlJSPkt7jvapYP9w0P_ZeWHHkS-NRVLp-TBCeMHmzGQRsQZkWLuhys0A0fvxoFTKEId7RhYtAAyVjy8DVyanmAedMP6ztpZ6kbkj4k-5IW4jJnjltBgZ8U3-OCiz/s626/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="328" data-original-width="626" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihIhkjz08UurN3bi50KC3Ct9ikHB8hKb6tB2obL5STJkjIlOfahAGIm_yaksRENlJSPkt7jvapYP9w0P_ZeWHHkS-NRVLp-TBCeMHmzGQRsQZkWLuhys0A0fvxoFTKEId7RhYtAAyVjy8DVyanmAedMP6ztpZ6kbkj4k-5IW4jJnjltBgZ8U3-OCiz/w400-h210/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">ETN was added to the portfolio at
the end of 2018 and has seen extraordinary growth since then. Although the
company has seen many macro-economic challenges, ETN has stayed strong and has
continued to push forward. Also the company has continued to be a pioneer in
power solutions with its high M&A activity, key customer wins, and many
development programs. Moreover, ETN is joined Bill Gates’ Breakthrough Energy
Ventures and the UK-based Business Growth Fund in providing venture capital
support to Reactive Technologies. The company still faces headwinds with the
ongoing supply chain crisis in which they will need to effectively manage. With
the company’s strong performance prior to the war between Russia and Ukraine,
there is no doubt that Eaton will be a strong performer in the industry and
compared to its peers. <o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="color: red; font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">1 Month Stock Chart from FactSet here<o:p></o:p></span></b></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; font-weight: bold; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgtXnYi2D9kr8E-vKXeI93j4fmxyeVOPoGNjvATfROJLatZUwyiZ04F37RJe-YOx7mu5x0X0Z2Fm5oKUJJkFa4IitgJHfSsWKolTxo-7iyY1V2m8NKp9n-eXHp2jV0y5sAW4BfVXYNPVxv8WZurdAXDP_9m4s5ih301TobVTtEZRU36C0q0Pb3CWxk/s624/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="368" data-original-width="624" height="236" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgtXnYi2D9kr8E-vKXeI93j4fmxyeVOPoGNjvATfROJLatZUwyiZ04F37RJe-YOx7mu5x0X0Z2Fm5oKUJJkFa4IitgJHfSsWKolTxo-7iyY1V2m8NKp9n-eXHp2jV0y5sAW4BfVXYNPVxv8WZurdAXDP_9m4s5ih301TobVTtEZRU36C0q0Pb3CWxk/w400-h236/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-8800125154766009032022-05-05T18:40:00.001-05:002022-05-05T18:40:18.217-05:00Nasser Hyat-Khan is presenting FUTU Holdings Ltd. ADR (FUTU), an International Financial firm. <iframe width="480" height="270" src="https://youtube.com/embed/WJ1U0DrQK8o" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-90098268124991148912022-05-05T15:39:00.000-05:002022-05-05T15:39:00.938-05:00Owen Filbin is presenting Concentrix Corporation (CNXC), an Information Technology firm.<iframe width="480" height="270" src="https://youtube.com/embed/b3_BNK9ap74" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-17187125035988321072022-05-05T14:17:00.000-05:002022-05-05T14:17:07.650-05:00Matt O'Brien is presenting ACM Research, Inc. (ACMR), an Information Technology firm.<iframe width="480" height="270" src="https://youtube.com/embed/PkMH_4BzCV0" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-76928184915797979312022-05-05T11:13:00.002-05:002022-05-05T11:13:29.084-05:00Anwar Ahmed is presenting MarketAxess Holdings, Inc. (MKTX), a firm in the Financial sector.<iframe width="480" height="270" src="https://youtube.com/embed/MHWYtE8BOAI" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-35345351335174985492022-05-04T14:11:00.004-05:002022-05-04T14:11:58.838-05:00The Twelfth and Final Set of Spring 2022 Marquette AIM Program Student Equity Pitches/Q&A for Friday, May 6th<p> </p><p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"><b><u><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">AIM Class of 2023 Student
Equity Presentations </span></u></b><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"><b><u><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Friday, May 6th</span></u></b></p><p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"><b><u></u></b></p><div class="separator" style="clear: both; text-align: center;"><b><u><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_rTKIsbd317RpunaI6Z1zi384wOpWfkyQEEVz2TKwg4FrLfCNzs1ppitPm2aoQL7W3J198Y9z8CHa2JYVP4DnSOUHuAkiXk5hb40u8R6GvJQwyv9F-IFtDynkxro94j4TchI3XlWsBICiRpLK4z0TSJ9jS6b2TPnEggwIxFg7MnYPBO51_i0oiK1V/s5184/IMG_3871.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="3456" data-original-width="5184" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_rTKIsbd317RpunaI6Z1zi384wOpWfkyQEEVz2TKwg4FrLfCNzs1ppitPm2aoQL7W3J198Y9z8CHa2JYVP4DnSOUHuAkiXk5hb40u8R6GvJQwyv9F-IFtDynkxro94j4TchI3XlWsBICiRpLK4z0TSJ9jS6b2TPnEggwIxFg7MnYPBO51_i0oiK1V/s320/IMG_3871.JPG" width="320" /></a></u></b></div><b><u><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><br /></span></u></b><p></p>
<p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"><span style="background: white; color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">The twelfth and final set of
spring AIM equity presentations for the Class of 2023 will be
on Friday, May 6th.</span></p><p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1qalUkAWyOg_vLI9b2Tburlg9mknMp3mJ2-l7nRYb0bVw5FcIDBssqJujd-jScXWFm0ml9m2r9oi5J2I2N2B6oMmQYh0wDeaxMW9T5MMgxgUKWvXQxtW3SZtywSG9Me_XD2DfOVO14RmC7E03aq84YJQEW8lwO8MlUkzkt9Jw_i43Zky69UwORaST/s503/Capture.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="106" data-original-width="503" height="84" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1qalUkAWyOg_vLI9b2Tburlg9mknMp3mJ2-l7nRYb0bVw5FcIDBssqJujd-jScXWFm0ml9m2r9oi5J2I2N2B6oMmQYh0wDeaxMW9T5MMgxgUKWvXQxtW3SZtywSG9Me_XD2DfOVO14RmC7E03aq84YJQEW8lwO8MlUkzkt9Jw_i43Zky69UwORaST/w400-h84/Capture.JPG" width="400" /></a></div><p></p>
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Follow the link to access the student equity write-ups.</span></p>
<p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"><b><u><span style="color: blue; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="https://drive.google.com/file/d/1sQW5FMh07A0Z0IDJWAgGfN2OW5lAzmeZ/view?usp=sharing" target="_blank">May 6th Write-ups</a><o:p></o:p></span></u></b></p>
<p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-color-alt: windowtext; mso-fareast-font-family: "Times New Roman";">The 8-minute student
presentations can be viewed every Thursday afternoon on YouTube.<span style="mso-spacerun: yes;"> </span>Then join us live in person on Friday at 1:00
pm CST in the AIM Room or stream live via the AIM YouTube channel for the
presenter’s Q&A.</span><span style="font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">If you are unable to attend, you can always view
them via YouTube </span><u><span style="color: blue; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="https://www.youtube.com/channel/UCK_BhRAQhdHH8r0qETzlq1g/featured" target="_blank">HERE</a></span></u><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">.<o:p></o:p></span></p><p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5WgRq-9gQgT4D2QhsF8NAXF0zF1bUou022GxKYJ7-WqPeFmg30ieZi-hEH8NH85KzIVZRjgfnAcJMIpNa_u0noco7d7SJsJuxCIE-gUVX4kAhKL6l8FR5GI0w9quSok42H5V4jzEHTRZqAYft5qSuctDtvL7NDSVNOgG4dI-SKoobZmQMrlBt0LdS/s3178/AIM%20Banner_BG.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="395" data-original-width="3178" height="50" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5WgRq-9gQgT4D2QhsF8NAXF0zF1bUou022GxKYJ7-WqPeFmg30ieZi-hEH8NH85KzIVZRjgfnAcJMIpNa_u0noco7d7SJsJuxCIE-gUVX4kAhKL6l8FR5GI0w9quSok42H5V4jzEHTRZqAYft5qSuctDtvL7NDSVNOgG4dI-SKoobZmQMrlBt0LdS/w400-h50/AIM%20Banner_BG.png" width="400" /></a></div><br /><span style="color: black; font-family: "Georgia",serif; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><br /></span><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-78512897224652191452022-05-02T11:01:00.000-05:002022-05-02T11:01:06.490-05:00A Small Cap Equity holding: TD SYNNEX (SNX, $101.59): “Not Ready to be Shipped Yet” By: Chris Deneweth, AIM Student at Marquette University<p> </p><p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">TD
SYNNEX (SNX, $101.59): “Not Ready to be Shipped Yet”<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Chris
Deneweth, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVovsYjjn62eJjxZk5kEVV5SIaFMVALbwUFsdZtMIpCECc8cwn1bU69GIHGvpWlkxceiWKFGwhTPzkbMZObOcsqJPcFOt1g1WpsET1kGDS6YqewtAcdq8KLQrBI1mG2uyS419r-jUc0iO6iHluAxY7yghubCHz9kOEldElZ7CnqlYnYslzDdKqiCQG/s1150/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="201" data-original-width="1150" height="70" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVovsYjjn62eJjxZk5kEVV5SIaFMVALbwUFsdZtMIpCECc8cwn1bU69GIHGvpWlkxceiWKFGwhTPzkbMZObOcsqJPcFOt1g1WpsET1kGDS6YqewtAcdq8KLQrBI1mG2uyS419r-jUc0iO6iHluAxY7yghubCHz9kOEldElZ7CnqlYnYslzDdKqiCQG/w400-h70/1.png" width="400" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM Small-Cap Equity Fund currently holds this position. This article was
written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">TD SYNNEX Corporation. (NYSE:
SNX)</span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif;"> </span></i><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-style: italic;">engages in the distribution, logistics, and integration of
technology hardware, software, and services.</span><span style="font-family: "Georgia",serif; font-size: 14.0pt; line-height: 107%;"> </span><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">SNX
is now a Rittal channel partner and will begin to distribute Rittal’s
products. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">SNX’s
new capital allocation framework. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">SNX
has announced that they have made their long-awaited return to conventions.
<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">SNX is
expected to beat estimates and have experienced a revenue growth rate of
73.1% LTM. <o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points:</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">When the stock was pitched in December
of 2021, SNX had recently acquired Tech Data. This was a major driver of the
stock, as well as a major risk. It was one of the first times that CEO Rich
Hume had done an acquisition. As we look back on how Hume and SNX’s C-Suite
dealt with this acquisition, we can notice that they knocked it out of the
park. The company had a 5-yr CAGR of around 16%. Q4 of 2021 had a YoY growth of
110.6%, with Q1 of 22 posting an even more impressive YoY growth of 213.2%. It
is safe to say that SNX’s management team is fit to continue to grow this
company to new heights with new partnerships<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Announced on April 18, 2022, SNX
has partnered with Rittal. Rittal is a global manufacturer and systems solution
provider of industrial and IT enclosures. This partnership will be very
beneficial, as Rittal now gets a world-class company to help deliver their
products, while SNX received more orders to deliver their best-in-class
products. This partnership also allows SNX to provide a wider variety of
products, so that they can continue to deliver products that are relevant in
this ever-changing IT landscape. This partnership will also increase brand
recognition for both companies, allowing them to steal market share from their
competitors. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In the last two earnings calls,
management has been very excited to talk about their new capital allocation
framework. This framework is focused around two main objectives. The first objective
is to continually increase their dividends paid out. They reinstated their
dividend payouts in Feb 2021, with a dividend per share of $.20. They were able
to increase their dividend to $.30 per share for Q1 of 22. They plan to
continue to grow their dividends year after year. The second objective is to
continue to repurchase shares. Their goal for 2022 is to repurchase $100
million in shares. They have already repurchased $25 million in Q1 of 22. This
new capital allocation framework will continue to drive the stock price up in
the future.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">As SNX has slowly started to
bring employees back to work, they continue to be very cautious about COVID-19.
SNX has not been to a convention in over 2 years. As Tampa Bay’s largest public
company, their first convention drew hundreds of in-person vendors and
partners. Some of these attendants included people from Microsoft, Google,
Intel, and Dell. This is also the first time that TD SYNNEX has done a public
event since their merger with Tech Data. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">In the
past 6 months, SNX has remained relatively stable, with a decrease of about 3%.
When put into comparison with the Russell 2000, SNX has outperformed the index
by over 10%. The markets have taken a huge hit recently due to rising interest
rates and inflation. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">SYNNEX (now TD SYNNEX after
merger) entered into a $5 billion credit facility a year ago. They were
preparing to acquire Tech Data. Management knew that they would face initial
headwinds with this merger, which has led to a decrease in stock price of
19.19% over the past year. With management stating that they have made good
progress on the realization of the merger, I do not see this negative
performance to be a sign to get out. SNX is beginning to position itself for an
exponential growth period.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8gQZWvGhJ0YbzLKmdaeQ_-chggYeqvDWk5vcKHCFov-utMpra8k0YJm-f263yS7kzkxpMQjpCnBdQmha30ttV9gNm_HqV969qOHGlYIzflPxtl0qaeQCVFLGTVFoS2A_Yk1EgAgRTrO4vhTQNnYXVwPTlXY7tdQ1LrRcT4NfYNM56zgwsb7R9vbmX/s1430/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="825" data-original-width="1430" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8gQZWvGhJ0YbzLKmdaeQ_-chggYeqvDWk5vcKHCFov-utMpra8k0YJm-f263yS7kzkxpMQjpCnBdQmha30ttV9gNm_HqV969qOHGlYIzflPxtl0qaeQCVFLGTVFoS2A_Yk1EgAgRTrO4vhTQNnYXVwPTlXY7tdQ1LrRcT4NfYNM56zgwsb7R9vbmX/w400-h231/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">With such volatility in the
markets, SNX has been able to remain relatively flat. With SNX being a distributor,
they have also been facing the supply chain issues seen globally. They have
been able to still bring in an increasing number of sales each year. Management
does not see this to stop any time soon, as they are getting close to realizing
the full synergy that the Tech Data acquisition has to offer. While continuing
to incorporate Tech Data, SNX has been able to make strategic moves, such as
their Rittal partnership. SNX can enter more partnerships like this one as they
begin to attend more conventions. As they join into more partnerships and
continue to go to more events, they keep increasing their total addressable
market. As they continue to grow, management maintains a strong balance sheet,
with increasing dividends and share repurchases. It is my recommendation that
SNX remain in the AIM small cap portfolio. <o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij0_83-N-OTgbcDN-8mSKzgc4a29PhIZPEncIPsW8UwLWOw-eBueXoQ5OdYPZJ5cJtO1qwNul0LXovgAPHMBwp5TTcw1X-TETEvgUVijmbOuYnF8skNg_KI_pkTqKJFIBC3HqLqGnJFYZzVqvbXD9-_ji7aAew84pYdWAEn7qqxb11Oy4hquDwDOki/s1430/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="825" data-original-width="1430" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij0_83-N-OTgbcDN-8mSKzgc4a29PhIZPEncIPsW8UwLWOw-eBueXoQ5OdYPZJ5cJtO1qwNul0LXovgAPHMBwp5TTcw1X-TETEvgUVijmbOuYnF8skNg_KI_pkTqKJFIBC3HqLqGnJFYZzVqvbXD9-_ji7aAew84pYdWAEn7qqxb11Oy4hquDwDOki/w400-h231/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-57155339944322545932022-05-02T10:58:00.001-05:002022-05-02T10:58:11.914-05:00An International Equity holding: Nomad Foods Ltd (NOMD, $21.27): “No-Madder What, Hold the Line” By: Jake Bernarde, AIM Student at Marquette University<p> </p><p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Nomad
Foods Ltd (NOMD, $21.27): “No-Madder What, Hold the Line”<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Jake
Bernarde, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7MuO-tMPLrS_xC6m6-uGeRJoDaz1GAOnCVxxzO3NHym4jSypvXKlJN2TcTxMXsuy8-Hya_mFKrIZXF5y5EdZYBnZGShnJxtIn3vb7_nam9RmB-Z_sQo_dIpiQo7lKe_ecFbujiFK7CFoAnaLd5UE56hIrcoAg2ebIXuwgDxQfEnYpIpB2yowJTxHB/s600/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="76" data-original-width="600" height="51" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7MuO-tMPLrS_xC6m6-uGeRJoDaz1GAOnCVxxzO3NHym4jSypvXKlJN2TcTxMXsuy8-Hya_mFKrIZXF5y5EdZYBnZGShnJxtIn3vb7_nam9RmB-Z_sQo_dIpiQo7lKe_ecFbujiFK7CFoAnaLd5UE56hIrcoAg2ebIXuwgDxQfEnYpIpB2yowJTxHB/w400-h51/1.png" width="400" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Nomad Foods Ltd (NYSE:NOMD)</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> is
a frozen foods company engaged in markets around the world. They primarily
do business in Western Europe with a portfolio of goods including fish,
vegetables, pizza, meats, meals, and more. Founded in 2014, the company is
headquartered in Middlesex, the United Kingdom.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">There
is some uncertainty surrounding Russia’s invasion of Ukraine and its
potential impact on the company’s fish supply. Over 50% of NOMD’s fish
comes from Russia, so alternative sources of supply may become necessary. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">NOMD
must overcome inflationary pressures to drive EBITDA growth, which has
grown at a 5Y CAGR of 10.4%. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In
2021, NOMD acquired Fortenova, a leading European frozen food company, which
combined with its current operations, will add value in the coming years. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Down
~29% over the past year, NOMD shares are trading at a key level. <o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">NOMD has met headwinds since the
beginning of 2022, but its impact on sales and profit is not a long-term issue.
The reliance on Russia for fish would drive price inflation if the export of
fish were banned as other sourcing options are more costly, but this outcome is
very unlikely and would affect the entire industry. Management communicated
that the company has had no issues with supply coming from Russia, although the
firm is beginning to diversify away its reliance on Russian Fisheries. Also,
management indicated that the firm could switch to a different species of fish
or leverage their plant-based products if the Russian invasion does disrupt
supply.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">NOMD
has successfully created cost savings and leveraged synergies over the past 5
years to create double-digit EBITDA growth. Through the rest of 2022 and into
2023, the company must offset higher costs, through strong pricing power, level
SG&A expenses, and an increase in demand for frozen foods. Although, this
is not a challenge unique to the company, rather an industry-wide obstacle. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">While
the benefits of the acquisition of Fortenova are reflected in street
expectations, the synergetic upside has been overlooked due to recent concerns
surrounding costs and supply chain threats. Even so, Nomad is trading at a
discount to its U.S. peers (GIS, KHC, HRL, TSN) based on forward 2022 P/E multiple
of 13x versus a peer multiple of 17x. NOMD’s future earning potential is not reflected
by its current trading price. </span><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">NOMD’s
shares dropped sharply in early March after its Q1 earnings report, falling to 52-week
lows and down ~17% YTD. Since the YTD lows of $19.75 shares rallied to over
$23.00 and are now pushing to YTD lows once again. There have been numerous
negative factors influencing NOMD, including higher costs and supply chain
threats, but shares may be oversold. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">NOMD is trading well
below 2021 and all-time highs, currently down ~48% since mid-2021. Nomad’s
returns are -29% over the past year compared to the MSCI ex. US benchmark,
which returned -9.2% over the same period. <o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTfcZlBwjb0uuRw-Frv3-mpYa2FMDSTDOnN2iZKhk6oEs5k0zt5zTPQQuVVJF54I_YjOzZ8dYZ_yetXyEaeqr7wEvp0JHpZHWtYf96Yt_SNX1n31KBC5UV2hKDgd6VroJEUGW7rN0dLXwnZrdRpLNyBYPkMAmcGMYykLzX4oyjVZG0XJzbRJrauIGb/s624/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="447" data-original-width="624" height="286" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTfcZlBwjb0uuRw-Frv3-mpYa2FMDSTDOnN2iZKhk6oEs5k0zt5zTPQQuVVJF54I_YjOzZ8dYZ_yetXyEaeqr7wEvp0JHpZHWtYf96Yt_SNX1n31KBC5UV2hKDgd6VroJEUGW7rN0dLXwnZrdRpLNyBYPkMAmcGMYykLzX4oyjVZG0XJzbRJrauIGb/w400-h286/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Despite inflationary pressures, potential
supply chain challenges, and y/y<span style="mso-spacerun: yes;"> </span>EBITDA
decline in Q1 FY22, NOMD’s share price has room to run if it can overcome current
headwinds. NOMD can offset higher costs and is currently undervalued relative
to peers, despite cost and pricing concerns. The growing frozen food market
will drive low single-digit organic sales growth over the next 3 years and the acquisition
of Fortenova and others will drive market share dominance by NOMD. Given both a
lack of visibility surrounding potential headwinds and future growth potential
it is recommended that the AIM International fund continues to hold their
position in NOMD. <o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-pDyoO7oySPyDOdRaq3uJeZBKAk1mm42TrBOxtR9Q0OwMDEPPt4O5k6SE_YYUBMEf1KC_X5LaRRCyEV44WJEPVCGeqWxqriVJZvo1NLqQhyPkxfjpjs-iRwajcK1WcWr7IQ2XwZExWbRWoBJ-BpNzsWMZtZ32qjC7w7AwvwHwW-gyk8KqUQJjQsr8/s624/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="455" data-original-width="624" height="291" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-pDyoO7oySPyDOdRaq3uJeZBKAk1mm42TrBOxtR9Q0OwMDEPPt4O5k6SE_YYUBMEf1KC_X5LaRRCyEV44WJEPVCGeqWxqriVJZvo1NLqQhyPkxfjpjs-iRwajcK1WcWr7IQ2XwZExWbRWoBJ-BpNzsWMZtZ32qjC7w7AwvwHwW-gyk8KqUQJjQsr8/w400-h291/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-52942373616983980642022-05-02T10:55:00.000-05:002022-05-02T10:55:36.939-05:00An International Equity holding: Horizon Pharma plc. (HZNP, $105.84): “New Growth on the Horizon?” By: Grace Schwartz, AIM Student at Marquette University<p> </p><p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Horizon
Pharma plc. (HZNP, $<a name="_GoBack"></a>105.84): “New Growth on the Horizon?”<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Grace
Schwartz, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWg0xljMJAtoQD5dh_jpMZgP4m5mmJbMtc8AdrE4PEFlwC1xz_e0zsebtihDqkZ6ZnmizZrJ17k4fcKH1CxpuxmK4Zl3ZAoiFqqFbb3SKNp3iLi_XC3OoGqYfoMP7vMaQsiJ4DvCoVpwCNcP3xCSZhHQ0BN8Bzt8NWgtFkQf0B7LIeGDCyzy2y8ULf/s3911/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1676" data-original-width="3911" height="137" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWg0xljMJAtoQD5dh_jpMZgP4m5mmJbMtc8AdrE4PEFlwC1xz_e0zsebtihDqkZ6ZnmizZrJ17k4fcKH1CxpuxmK4Zl3ZAoiFqqFbb3SKNp3iLi_XC3OoGqYfoMP7vMaQsiJ4DvCoVpwCNcP3xCSZhHQ0BN8Bzt8NWgtFkQf0B7LIeGDCyzy2y8ULf/s320/1.png" width="320" /></a></div><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><br /></span><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary
<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Horizon Pharma plc. (NYSE:HZNP)</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> is
an international biopharmaceutical company that focuses on the discovery,
development and commercialization of treatments for rare, autoimmune inflammatory
diseases. The company operates in two segments: the orphan segment (89%)
and the inflammation segment (11%). HZNP was founded in 2008 and is headquartered
in Dublin Ireland.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Horizon
acquired Viela Bio, Inc for $2.5 billion in 2021. This acquisition added
one approved product, Uplinza, to the orphan segment. Additionally, two
drugs in Phase 1 trials, five in Phase 2 trials, and two in Phase 3
trials, were added.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The company
operates in China, Japan, Germany, and the United States. 99.5% of revenue
comes from the United States.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">HZNP
has increased 110% since being added to the International Fund in January
2020, well past the target price of $49.96<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">HZNP
currently has over 20 programs in its pipeline, with three programs in Phase
3 and four additional Phase 4 programs. The company expects ten program approvals
in the second-half of the decade. <o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In March 2021, HZNP completed its acquisition of Viela Bio,
Inc. This expanded the company’s commercial medicine portfolio by adding Uplinza
to the orphan segment. Management expects that this acquisition will provide
multiple opportunities to drive long-term growth and solidify HZNP as an
innovative-driven biotech company. Viela’s mid-stage biologics pipeline,
R&D, and initiated clinical trials will assist with this. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">2021 also saw the global
agreement with Arrowhead. This collaboration is for ARO-XDH, a discovery-stage
investigational RNA interference therapeutic meant to treat gout. HZNP has
agreed to pay potential milestone payments of up to $660.0 million contingent
on the achievement on development, regulatory, and commercial milestones. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">In addition to bringing new medicines
to market, HZNP is also leveraging current drugs. Daxdilimab is an antibody
that was originally intended to treat lupus. Recently, HZNP has initiated four
additional Phase 2 clinical trials for Daxdilimab. These trials will target
Alopecia Areata and Dermatomyositis.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">For the month of April 2022, HZNP
is down -3.24%, trading at $107.15 on April 1 and $105.84 on April 22. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: </span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Over the course of HZNP’s most recent fiscal year,
the stock increased 10.85% YTD. The 52-week range includes a low of $83.42 and
a high of $120.53.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglrNkR6s2oK3KxBwmjJcKG9EoJY2vCNcT7qYbKOEtt9UWHYRQslyP1ah23HkTi_PHF8KD9TdQmBQwluHSln75pb0mx-y9xIVnP2xCmRycjES8ts04cZDMcoB7fToWF94eI0gX5v0WvVCpb7ukcttNSpHSDEBTcLPlGwAnjhtgaGgb-jnnq-Xw94CI-/s1366/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="996" data-original-width="1366" height="291" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglrNkR6s2oK3KxBwmjJcKG9EoJY2vCNcT7qYbKOEtt9UWHYRQslyP1ah23HkTi_PHF8KD9TdQmBQwluHSln75pb0mx-y9xIVnP2xCmRycjES8ts04cZDMcoB7fToWF94eI0gX5v0WvVCpb7ukcttNSpHSDEBTcLPlGwAnjhtgaGgb-jnnq-Xw94CI-/w400-h291/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><b><span style="color: red; font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">1 Year Stock Chart vs. Benchmark from FactSet here</span></b></div><p></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Source: FactSet<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Since the addition of HZNP to the
International fund, the company has far exceeded expectations. The stock has increased
well past its original target price and been consistent with investment
drivers. Additionally, HZNP has shown the potential for future growth through
its acquisitions and commercialization of new products. The acquisition of
Viela Bio has already shown success. Management has also given reason to believe
the company will continue to acquire other companies and expand its portfolio. Although
the stock has met investment drivers and surpassed original price target, there
looks to be growth in Horizon Therapeutics. Because of this, it is recommended
that the AIM International fund holds the position.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitMlcd0ypYRmCtEtQtY3J4on5diStIq6A_EBCmV-rCpJnLt3d8eoL6LlV1gIlf4cgfEMhc2vAjIsvEuuAmKwEKfCiNfy0c38RNYRoQwUbKjxdDD8JlFK1eE9ClzKD2Z7iOHxnU4ZW1AlaYpo3NI5DPasUfYU0iezcQuWqPTVSl6XyrQBeZfjzrsuoU/s1628/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1182" data-original-width="1628" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitMlcd0ypYRmCtEtQtY3J4on5diStIq6A_EBCmV-rCpJnLt3d8eoL6LlV1gIlf4cgfEMhc2vAjIsvEuuAmKwEKfCiNfy0c38RNYRoQwUbKjxdDD8JlFK1eE9ClzKD2Z7iOHxnU4ZW1AlaYpo3NI5DPasUfYU0iezcQuWqPTVSl6XyrQBeZfjzrsuoU/w400-h290/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><b><span style="color: red; font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">1 Month Stock Chart from FactSet here</span></b></div><p></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Source: FactSet<o:p></o:p></span></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-381080989342107022022-04-28T10:00:00.001-05:002022-04-28T10:00:18.566-05:00Grace Schwartz is presenting Prothena Co. (PRTA) an International Health...<iframe width="480" height="270" src="https://youtube.com/embed/U__tJx9TiPI" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-27232537258435835602022-04-28T08:06:00.001-05:002022-04-28T08:06:42.826-05:00Richard Zaro is presenting Paylocity Holding Corp. (PCTY), an Informatio...<iframe style="background-image:url(https://i.ytimg.com/vi/wnV1ys0Xvj4/hqdefault.jpg)" width="480" height="270" src="https://youtube.com/embed/wnV1ys0Xvj4" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-19115461420778693602022-04-28T07:49:00.000-05:002022-04-28T07:49:00.774-05:00Kevin Igoe is presenting Open Text Corporation (OTEX) an International I...<iframe width="480" height="270" src="https://youtube.com/embed/XScKnMbzw54" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-43314106470442627222022-04-28T07:47:00.001-05:002022-04-28T07:47:43.384-05:00Ayden Domico is presenting Seacoast Banking Corporation of Florida (SBCF...<iframe width="480" height="270" src="https://youtube.com/embed/vd4ja8n9ZLQ" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-52800732509524742332022-04-28T07:45:00.001-05:002022-04-28T07:45:57.149-05:00Jack Bender is presenting Scotts Miracle-Gro Company (SMG) a Materials firm<iframe width="480" height="270" src="https://youtube.com/embed/15PpHF751FM" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-81466129554594038102022-04-27T12:03:00.002-05:002022-04-27T12:03:07.798-05:00The Eleventh Set of Spring 2022 Marquette AIM Program Student Equity Pitches/Q&A for Friday, April 29th<p style="text-align: center;"> <b style="text-align: center;"><u><span style="font-family: Georgia, serif; font-size: 14pt;">AIM Class of 2023 Student
Equity Presentations </span></u></b></p>
<p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"><b><u><span style="color: black; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Friday, April 29th</span></u></b></p><p align="center" class="MsoNormal" style="background: white; line-height: 16.8pt; margin-bottom: 0in; text-align: center;"><b><u></u></b></p><div class="separator" style="clear: both; text-align: center;"><b><u><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5yMBg3h8CFlI2nb6s7SlUuPbYUbuLee0MADmtV7teuoyqizJnWkQdWveLfvSawWO5a-qN8vwgVT9yFUqBlqqdu1XrWkB0ylJJOE7nD4WJSWeo_-3qXKsC-Sdj9HZvUKr0wlY71GtUEi2AvFPVNMvfDF61h6qIAtqy_EZ_4NLdxKEirc48F427N7IR/s5184/IMG_3901.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="3456" data-original-width="5184" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5yMBg3h8CFlI2nb6s7SlUuPbYUbuLee0MADmtV7teuoyqizJnWkQdWveLfvSawWO5a-qN8vwgVT9yFUqBlqqdu1XrWkB0ylJJOE7nD4WJSWeo_-3qXKsC-Sdj9HZvUKr0wlY71GtUEi2AvFPVNMvfDF61h6qIAtqy_EZ_4NLdxKEirc48F427N7IR/s320/IMG_3901.JPG" width="320" /></a></u></b></div><span style="font-family: Georgia, serif; font-size: 14pt;"><div style="text-align: center;"><span style="font-size: 14pt;">The eleventh set of spring AIM
equity presentations for the Class of 2023 will be on Friday, April
29th.</span></div><div style="text-align: center;"><span style="font-size: 14pt;"><br /></span></div></span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihOdMRQM0AOaowiMTVYt1rj5C3iA9NyA0OTM9u6sEfXPkEXh77jaQhw7M8J-fOodIbvuC6xJNyzaudBBDXhA4nvnWfxEJhBzq7Xzjv7WgeqzADnX7iD82SUc-U1_zvVz7Xyu2Q08KoIXtNzEah92ZF8C2ZfFpvt7Q3QAZuD7hMd4yHqyMGZHJxhLzE/s560/Capture.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="125" data-original-width="560" height="89" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihOdMRQM0AOaowiMTVYt1rj5C3iA9NyA0OTM9u6sEfXPkEXh77jaQhw7M8J-fOodIbvuC6xJNyzaudBBDXhA4nvnWfxEJhBzq7Xzjv7WgeqzADnX7iD82SUc-U1_zvVz7Xyu2Q08KoIXtNzEah92ZF8C2ZfFpvt7Q3QAZuD7hMd4yHqyMGZHJxhLzE/w400-h89/Capture.JPG" width="400" /></a></div><o:p></o:p><p></p>
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span style="color: black; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Follow the link to access the student equity write-ups.</span></p>
<p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"><b><u><span style="color: blue; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="https://drive.google.com/file/d/1ZqjEBy4CnfAxXS8tFC5HqBw4vD4oKG3i/view?usp=sharing" target="_blank">April 29th Write-ups</a><o:p></o:p></span></u></b></p>
<p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"><span style="color: black; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-color-alt: windowtext; mso-fareast-font-family: "Times New Roman";">The 8-minute student
presentations can be viewed every Thursday afternoon on YouTube.<span style="mso-spacerun: yes;"> </span>Then join us live in person on Friday at 1:00
pm CST in the AIM Room or stream live via the AIM YouTube channel for the
presenter’s Q&A.</span><span style="font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"><span style="color: black; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">If you are unable to attend, you can always view
them live via YouTube </span><u><span style="color: blue; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="https://youtu.be/uZyxKf6u1o0" target="_blank">HERE</a></span></u><span style="color: black; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">.<o:p></o:p></span></p><p align="center" class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 13.5pt; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRPnfZy5wcHEYH3SQTqfINLHuGVISnNYB8_lL-SanS-U2ZSncsT9pb-GENOi64ZwVzZWB9snf4K3o1GsDe6CJctZykGHPxPnnrMVJnCKYNS0HwOowtbNpzfKYU6_VO9FAZAYg55Lt1w-pqBF5oL_qtgIc5iTCZ-RTE0krsbMy021_qKHIQlIgulbdn/s3178/AIM%20Banner_BG.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="395" data-original-width="3178" height="50" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRPnfZy5wcHEYH3SQTqfINLHuGVISnNYB8_lL-SanS-U2ZSncsT9pb-GENOi64ZwVzZWB9snf4K3o1GsDe6CJctZykGHPxPnnrMVJnCKYNS0HwOowtbNpzfKYU6_VO9FAZAYg55Lt1w-pqBF5oL_qtgIc5iTCZ-RTE0krsbMy021_qKHIQlIgulbdn/w400-h50/AIM%20Banner_BG.png" width="400" /></a></div><br /><span style="color: black; font-family: "Georgia",serif; font-size: 14pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><br /></span><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-13599985441995908362022-04-22T08:39:00.002-05:002022-04-22T08:39:12.615-05:00 An International Equity holding: Artivion, Inc. (AORT, $22.57): “Hold the Door, Artivion is Here” By: Luke Hunneke, AIM Student at Marquette University<p style="text-align: center;"> <b style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion,
Inc. (AORT, $<a name="_GoBack"></a>22.57): “Hold the Door, Artivion is Here”</span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">By: Luke
Hunneke, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_u6pN4O_CXB32vhI4F0GSe4glGf3cVaV7GEWVCBGiMUNoJBpYdzvb2REGZgoIowipZtjslM1nFkIochXc6m2wv9zWoAkSnw1NCNqaUJj4FWgaf7rTXHPju8Czs8P37QHMhjdtf0L9NdZ69v3GrAquWcoIVGVt-NC4QHjcQAZXchYtrPv9ES7XDgUA/s288/1.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="175" data-original-width="288" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_u6pN4O_CXB32vhI4F0GSe4glGf3cVaV7GEWVCBGiMUNoJBpYdzvb2REGZgoIowipZtjslM1nFkIochXc6m2wv9zWoAkSnw1NCNqaUJj4FWgaf7rTXHPju8Czs8P37QHMhjdtf0L9NdZ69v3GrAquWcoIVGVt-NC4QHjcQAZXchYtrPv9ES7XDgUA/s1600/1.png" width="288" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Summary<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion, Inc. (NYSE:AORT)</span></b><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;"> develops
solutions that. Address cardiac and vascular surgeons’ clinical challenges
in treating patients with aortic diseases. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion
rebranded from Cryolife in Q4 2021. The Artivion name is derived from the
words Aorta, Innovation, and Vision.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">YoY revenue
growth for the On-X product segments and stents and graft segment is up
33%. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Management’s
near-term plan is to accelerate revenue growth through three initiatives;
drive On-X growth while commercializing other products, expanding into
Asia-Pacifc and Latin America by receiving regulatory approvals, and securing
regulatory approvals for PerClot and. PROACT Mitral products. <o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Key
points: </span></b><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion, after a recent rebrand from the Cryolife brand, looks
to capitalize on several factors that will affect revenue growth. Firstly,
Artivion is focusing on maximizing several stent and graft products; AMDS, NEXUS,
E-nside, and their new product, NEO. AMDS, the world’s first arch remodeling
hybrid device for use in the treatment of acute Type A dissections. Revenues for
AMDS have increased 20% YoY. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion’s NEXUS product has also
done extremely well, posting quarterly revenue increase YoY of 233%. Artivion
is confident that a decline in COVID-19 infections will continue to increase
the amount of non-COVID treatment in hospitals and will cause an uptick in
NEXUS procedures in 2022. Artivion is also increasing their initiative to
expand internationally in the Asia-Pacific and Latin America regions. The
company has executed this strategy well so far, with quarterly revenues increasing
in both regions by 29% and 34%, respectively. These regions are expected to be
important contributors to Artivion’s future growth.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion’s stock price has hovered
around $18.00-$19.00 for the better part of 2021. February’s earnings call
increased the stock price several dollars to $21.00 and the price has hovered at
that range since. Artivion’s rebranding and several initiatives regarding new
products and international expansion should excite investors. Artivion’s stock
is up 25.53% over the past 3 months.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Past
Year Performance: </span></b><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion is down -.04% YoY, holding evenly with the
Russell 2000 index. However, Artivion has performed much better than other
similar healthcare companies, where the sector as a whole is down -13% YoY.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbwIHuBGBEfyNslOT4lK_UtWgCUFgfX9dAcuATBuqV-gBrWFC5Qe3f4aNgiEsvjLmTCAoYeD4DAlioYVy6ZbZ9-omz38l9ru-G7nlLzd9BOCxVreowF0OlyHFPc5WbpyprChNSvgxKSRe9eRaq5ZwFg2MINFrBqxskuUp1saTCyngdpr0wksyA2Y4D/s1052/2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="620" data-original-width="1052" height="236" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbwIHuBGBEfyNslOT4lK_UtWgCUFgfX9dAcuATBuqV-gBrWFC5Qe3f4aNgiEsvjLmTCAoYeD4DAlioYVy6ZbZ9-omz38l9ru-G7nlLzd9BOCxVreowF0OlyHFPc5WbpyprChNSvgxKSRe9eRaq5ZwFg2MINFrBqxskuUp1saTCyngdpr0wksyA2Y4D/w400-h236/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12pt; line-height: 107%;">Artivion has done a lot to
continue to increase their top line, and the introduction of several new
products, including NEO, look to continue to do so. Artivion’s international
initiative, if there are no regulatory problems, will also seek to provide
revenue growth for Artivion. It is my opinion that Artivion be kept in the AIM
Small Cap portfolio and classified as a Hold.<o:p></o:p></span></p><p class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqCwTWZaoSFVwEmcaD446Jf1pywpoQlKD-5GImUXgxtDwUEhSxrq7wuF7E95Jyacbttr08aAYjRgzZZ9DUFloZwemOqYdxbfWOgVBBedeIqL1CmbhdtsSHUyPtMop8ISHumTUuiLxlXlOTL7c1Tj5JGeN0Ku9QiyNDIjomy0JXERtH2fzvtM5Ifv_f/s1127/3.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="661" data-original-width="1127" height="235" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqCwTWZaoSFVwEmcaD446Jf1pywpoQlKD-5GImUXgxtDwUEhSxrq7wuF7E95Jyacbttr08aAYjRgzZZ9DUFloZwemOqYdxbfWOgVBBedeIqL1CmbhdtsSHUyPtMop8ISHumTUuiLxlXlOTL7c1Tj5JGeN0Ku9QiyNDIjomy0JXERtH2fzvtM5Ifv_f/w400-h235/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Georgia, serif; font-size: 12pt;">Source: FactSet</span></div><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-27842751441692045282022-04-22T08:35:00.007-05:002022-04-22T08:35:43.130-05:00 An International Equity holding: Ardagh Metal Packaging S.A. (AMBP, $7.94): “Getting Canned” By: Joseph Anason, AIM Student at Marquette University<p style="text-align: center;"> <b style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Ardagh
Metal Packaging S.A. (AMBP, $<a name="_GoBack"></a>7.94): “Getting Canned”</span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">By: Joseph
Anason, AIM Student at Marquette University<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP3_e-dwuePbT27t3HrTzxs3dZHsbd_WSIdCmrHOu8acoU12dHnpiJhZ4GARJyuv629akIEVaaYRqldNn_kxhn2A3LmIQ1NXLAPw2YjhG0OL16eXkDgFzAD5sXcFP_1Xwdi7gfspMBAaogNRqsGOPg7PfwVQLQAkumyyuq13gx8JTCo9r6fIDRJkbi/s1739/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="254" data-original-width="1739" height="59" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP3_e-dwuePbT27t3HrTzxs3dZHsbd_WSIdCmrHOu8acoU12dHnpiJhZ4GARJyuv629akIEVaaYRqldNn_kxhn2A3LmIQ1NXLAPw2YjhG0OL16eXkDgFzAD5sXcFP_1Xwdi7gfspMBAaogNRqsGOPg7PfwVQLQAkumyyuq13gx8JTCo9r6fIDRJkbi/w400-h59/1.png" width="400" /></a></div><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Disclosure:
The AIM International Equity Fund currently holds this position. This article
was written by myself, and it expresses my own opinions. I am not receiving
compensation for it, and I have no business relationship with any company whose
stock is mentioned in this article.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Summary
<o:p></o:p></span></b></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Ardagh
Metal Packaging S.A. (NYSE: AMBP)</span></b><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"> develops, manufactures, and
sells metal beverage cans. The company operates through the Europe and
Americas geographical segments.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The
company was spun off from Ardagh Group SA (ARD) in early 2021 and
completed their partnership with Gores holdings V on August 4, 2021. ARD
remains majority shareholder at 75.32% ownership.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The
company experienced decreasing net income before and after exceptional
items from 2020 to 2021. The net loss after exceptional items in 2021 was primarily
contributed to listing and professional fees related to issuing shares for
the new partnership. <o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">AMBP
submitted plans to build a new $200 million beverage can facility in
Ireland. It is planned to be operational in 2023.<o:p></o:p></span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The
company missed EPS expectations for Q4 2021. Additionally, over the last
year, the stock has been declining in value.<o:p></o:p></span></li>
</ul>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Key
points: <o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">Ardagh
Metal Packaging was the metal-packaging unit spun off from Ardagh Group SA (ARD).
The company completed their business partnering with Gores Holdings V on August
4, 2021. Ardagh Group SA has remained the majority shareholder at 75.32% ownership.
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">AMBP ended
the 2021 year with sales of $4,055 million and adjusted EBITDA of $612 million.
However, the company had declining net income before exceptional items from
2020 to 2021 of $15 million. After exceptional items, the company reported a
net loss of $210 million, compared to net income of $111 million in 2020. $242
million of the exceptional items that contributed to the net loss relates to the
listing service of the shares for the business combination on August 4 and for
professional advisory fees. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">On April
5, 2022, Ardagh Metal Packaging submitted plans for a $200 million (£150
million) beverage can plant. This facility will be located in Northern Ireland,
40,000 square meters in size, and will create about 160 on site jobs and about
30 indirect jobs through associated businesses. This facility will strengthen
customer relationships across Ireland and Great Britain and grow their
production base in Europe. David Spratt, CEO of Ardagh Metal Packaging Europe,
is expecting the plant to be operational in 2023. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">What
has the stock done lately?<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">The
stock experienced increased volatility in March 2022. AMBP hit a 52-week low of
$7.17 on March 17 and rebounded by the end of the following week to reach a
price of $8.80. Since then the stock has been in decline. This is despite submitting
plans to build a new beverage can facility in Ireland. </span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">Past
Year Performance: <o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%; mso-bidi-font-weight: bold;">Shortly
after the announcement of the completion of the business combination, Ardagh
Metal Packaging hit an end-of-day stock high of $12.15. Since then, the stock
has been declining, hitting a low on March 7, 2022. Additionally, the stock is
down 12% YTD. For Q4 2022, AMBP reported $0.07 EPS, missing expected EPS of $0.09,
and exceeded expected revenue of $1.02 billion by $0.07 billion. The company
will be releasing Q1 2022 earnings on April 28. The expected EPS and revenue
are $0.06 and $1.12 billion, respectively.</span></p><p class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoUwj-l8iJbGHJvVMDh47Vu_ZbQxTJoim-d3DWEkekY1UeypdZMDkamAJW2QOtd6b3H5yUDoxfYk3XwywFmo6HPMaF5Yx6ohJ9KeSb99cHiqrztN-wnTHoXDH8Djbudx1Ev856DdFAtb3BTwP481FM-q6j2wPkdki9JNGYJxT7gBkN1pA-a6xYZJVb/s1056/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="816" data-original-width="1056" height="309" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoUwj-l8iJbGHJvVMDh47Vu_ZbQxTJoim-d3DWEkekY1UeypdZMDkamAJW2QOtd6b3H5yUDoxfYk3XwywFmo6HPMaF5Yx6ohJ9KeSb99cHiqrztN-wnTHoXDH8Djbudx1Ev856DdFAtb3BTwP481FM-q6j2wPkdki9JNGYJxT7gBkN1pA-a6xYZJVb/w400-h309/2.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 12pt;">Source: FactSet</span></div><o:p></o:p><p></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">My
Takeaway<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;">The market positively received
the news of the completion of the partnership with Gores Holdings V. Since then,
however, the company has been underperforming to the benchmark and has been in
a steady decline. Despite the news of a new facility, the stock continues to
decline. The company faces headwinds from current macro events in Europe,
increase in material and transportation costs, and rising interest rates. The company
will need to effectively manage these costs to improve their current situation
and to stop their share price from further decline. </span></p><p class="MsoNormal" style="text-align: center;"><span style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 107%;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhabkBmPnGbinqoVdGfJK9nBuB-o5gMqoKk6vQefTpQK_GomD6mGjxTm8jVla97lxUCZfYEG3eQztr9CDSO1vNPO26nPl3sEgVEnC9wiyhzF-3wqf6zA4W2Giu_Zp8UabIKAZzwtj0dcULthuBoVPte3sRiSjhqTRQYf-0fD_or3UVH78dp48qIWSQL/s1056/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="816" data-original-width="1056" height="309" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhabkBmPnGbinqoVdGfJK9nBuB-o5gMqoKk6vQefTpQK_GomD6mGjxTm8jVla97lxUCZfYEG3eQztr9CDSO1vNPO26nPl3sEgVEnC9wiyhzF-3wqf6zA4W2Giu_Zp8UabIKAZzwtj0dcULthuBoVPte3sRiSjhqTRQYf-0fD_or3UVH78dp48qIWSQL/w400-h309/3.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: 12pt;">Source: FactSet</span></div><o:p></o:p><p></p>Marquette AIMhttp://www.blogger.com/profile/16447398021477088812noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-23609884492996443752022-04-21T07:02:00.002-05:002022-04-21T07:02:25.277-05:00Joseph Anason is presenting NanoXplore, Inc. (NNXPF), an International Materials firm<iframe style="background-image:url(https://i.ytimg.com/vi/VdmF9lBnCeI/hqdefault.jpg)" width="480" height="270" src="https://youtube.com/embed/VdmF9lBnCeI" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-64551827031634709232022-04-20T17:29:00.001-05:002022-04-20T17:29:14.514-05:00Luke Hunneke is presenting Semler Scientific, Inc. (SMLR ) a Small Cap Healthcare firm<iframe width="480" height="270" src="https://youtube.com/embed/Bqvlv31jOYo" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.comtag:blogger.com,1999:blog-3451453780401997209.post-48558455117819496992022-04-20T17:26:00.003-05:002022-04-20T17:26:34.871-05:00Jake Bernarde is presenting Unicharm Corp. (UNICY) an International Consumer Staples firm<iframe width="480" height="270" src="https://youtube.com/embed/ifUhUpeIKVA" frameborder="0"></iframe>AIM Programhttp://www.blogger.com/profile/04214434451842405917noreply@blogger.com