SAN DIEGO, April 21, 2017 (GLOBE NEWSWIRE) — Adamis Pharmaceuticals Corporation (Nasdaq: ADMP), a specialty biopharmaceutical company focused on developing and commercializing products in the therapeutic areas of respiratory disease and allergy, announced today the pricing of its previously announced underwritten public offering of 4,285,715 shares of its common stock at a public offering price of $3.50 per share, resulting in gross proceeds of approximately $15,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the company. The offering is expected to close on April 26, ...
Cardinal Health (CAH) its guidance Tuesday morning, causing its stock price to plunge nearly 12% on the day. The company previously cut its profit guidance in October 2016, but today’s news was clearly still a big surprise. Many investors like owning dividend aristocrats such as Cardinal Heath because they have been less volatile than the broader market. Let’s take a closer look at why the market was so disappointed with Cardinal Health’s business update and if the stock could be an attractive investment opportunity for our Top 20 Dividend Stocks portfolio. How does Cardinal Health make money? Founded in 1971, Cardinal Health is one ...
Do you remember the movie Being John Malkovich, the one where John Cusack and his girlfriend go into Malkovich’s brain? Then along the way John Malkovich goes into his own brain? Yeah, it was a weird movie but it was funny too. The ETF business may be having its own Being John Malkovich-moment with the launch on April 20th of the ETF Industry Exposure & Financial Services ETF which is being sponsored by Toroso Investments and trades with symbol TETF. It owns a good mix of companies including the parent companies of iShares and SPDRs but not Vanguard of course which is not publicly traded. It also owns a few publicly traded exchanges wh...
Written by Heather Bell Yesterday, Exchange Traded Concepts brought to market the somewhat self-referential ETF Industry & Financial Services ETF (TETF). The fund targets publicly traded companies that are involved in the management, servicing, trading or sale of ETFs. The fund comes with an expense ratio of 0.64% and tracks the Toroso ETF Industry Index. Given that assets invested in ETFs are heading at a steady pace toward $3 trillion, an ETF targeting its own industry isn’t as far-fetched as it would have been, say, five years ago. The number of issues since that, according to a press release from Toroso Investments, has jumped from...
The question of where American productivity growth has gone is plaguing policymakers. Without productivity growth, the economy must rely on credit growth to boost GDP. Credit growth is like food. If you eat a normal amount, you’ll be fine. If you eat too much food, you gain wait and become unhealthy. If the debt piles too high there’s side effects, namely a deleveraging which causes a recession. Part of the reason there have been three bubbles since the late 1990s is because of low productivity growth. The second reason is low interest rates. It would be great if the economy was able to get back to being more productive. Obviously, reader...
Many people in both parties agree that the United States needs corporate tax reform, but we have a harder time passing tax reform than our international competitors. Will we succeed this year? The United States has been blessed with a system of checks and balances that require the House, Senate, and Executive Branch to sign off on new laws. This has the benefit of ensuring that legislation has broad appeal. It prevents much damaging legislation from passing, but it also makes it harder to pass worthwhile legislation. All other major countries have lowered their rates, leaving the United States with the highest in the world after the United Ar...
On December 11, 2016, I posted on Econintersect an essay that focused its attention on Cuba. It was titled “Own Cuba – Don’t Sell Her.” It is now time to enlarge our focus on Africa, namely on each and every nation of Africa, and the rest of the world for that matter. Here is what I said then. With the passing of Fidel Castro, will Cuba finally be truly free? On Feb 10, 2016, Luis Gutierrez wrote to [email protected]: I am not a fan of the Castro regime. Not that what we had before was much better, but the cure has been even worse than the disease. Pity, because the Cuban revolution could have been a good turning point but was betray...
Having seen a strong US close on the back of potential tax reforms sooner rather than later, Asia responded with positive returns across the board. Well, actually the Hang Seng closed with a small loss of -0.06% which almost felt like a gain. Obviously, after such a volatile week traders have squared books as much as possible and will sit back and wait for news coming from France. The Yen lost its bid which made way for the Nikkei to rally (+1%) but also saw strong returns for the ASX (+0.6%) and KOSPI (+0.75%). In late US trading all core started to fade due to a combination of a weaker US market, a return for safe-haven assets and falling e...