Daily Brief United States: Flex, Crude Oil, Queen City Investments , Bitcoin, Amer Sports , Talen Energy , Xperi, Immersion Corporation and more

Key points (machine generated)

• FLEX is undergoing a strategic shift towards higher-margin markets, which is expected to improve its operating margins and free cash flow.
• The potential spin-off of NEXTracker gives FLEX an opportunity to repurchase shares and enhance shareholder value.
• FLEX’s outstanding shares are expected to further increase shareholder value.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Despite supply cuts by OPEC members the EIA expects supply to outpace demand for most of 2024 and 2025.
• The agency forecasts the average spot price of WTI and Brent to decline in 2024 and 2025.
• Concerns of tepid global demand and inventory build-up grow as short positions in the crude oil options market jump.

Key points (machine generated)

• Queen City Investments (QUCT) is an illiquid OTC-traded affiliate of Farmers & Merchants of Long Beach (FMBL), a regional bank.
• QUCT has a strong balance sheet with $30 million in cash/treasuries and no debt.
• In 2022, QUCT generated approximately $4.4 million in free cash flow, indicating its financial stability.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The crypto industry’s big dream has become a reality.
• The US Securities and Exchange Commission (SEC) gave the green light to 11 Bitcoin spot ETFs after the market closed yesterday.
• Notably, this includes approval for BlackRock’s iShares Bitcoin Trust and the conversion of the Grayscale Bitcoin Trust into an ETF.

• Ten fund management companies are preparing to launch spot Exchange-Traded Funds backed by virtual assets in Hong Kong, according to an executive of crypto exchange operator HashKey Group.
• Up to eight of the fund companies are at an “advanced stage” for the launch, Livio Weng, HashKey’s chief operating officer, told Caixin in an interview.
• He didn’t provide any more details.

• Amer Sports (AS US) plans to raise more than US$1bn in its US IPO. Proceeds will be used to pay down loans to Anta Sports Products (2020 HK) led consortium.
• Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.
• In this note, we talk about the positive aspects of the deal.

• TLNE is an independent power producer that has emerged from bankruptcy as a public company with the stock not reflecting the intrinsic value of the assets the Company owns
• The reduced leverage profile creates a valuation appeal. However, it is the catalyst from what TLNE could achieve at its Susquehanna nuclear plant that could enhance shareholder value
• TLNE has been private for more than six years and is now trading on the OTC Markets making it likely that many investors have yet to hear about the Company

• XPER is gaining momentum within the car and TV, setting up the potential for the second half of the year outperforming expectations.
• The additional customer wins are poised to put XPER on pace to grow adjusted EBITDA over 2023 levels. Additionally, these wins could be large enough to generate broader interest.
• During CES, XPER announced new design win at Argos, a United Kingdom based brand, and disclosed Konka, a Chinese TV maker, was the previously unnamed third TVOS partner

• Haptics continued to remain relevant at CES this year. The technology has evolved from smartphones and gamepads to include automobiles and different gaming accessories.
• At CES, Mercedes Benz announced its infotainment would include haptics within the seats to further enhance the experience within the cabin.
• Haptics within gaming has evolved from gamepads. The technology is part of the gaming experience through accessories for sitting, hearing, and watching. We could see the different uses at CES