Tag: bounce

M&T Bank: A Cheap Valuation Sets Up The Stock To Bounce After Third Quarter Earnings (NYSE:MTB)

Investment Thesis

Headquartered in Buffalo, New York, M&T Bank Corporation (MTB) is a $140 billion asset holding company and parent to M&T Bank. MTB has offices located throughout the Northeastern United States. Specifically, the bank has 785 branches located in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and a few other states.

While MTB is more of your classical “loans and deposits” type community banks, relative to super regional peers, it does have a strong wealth management presence associated with its Wilmington Trust business. While most other banks focus on growth first, I believe MTB is more focused on sound credit quality above all else. As one can see from the charts below (under “Credit Analysis”), the bank did quite well during the last recession in terms of credit pain.

As one can see from the valuation chart below, the current valuation (in terms of Price to Tangible

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Business Travel Demand Won’t Bounce Back In 2021, And Maybe Not For Years

Even if a vaccine for Covid-19 becomes widely available – and widely used – around the globe, and if the very onerous government restrictions on international travel largely disappear, airlines still will continue to struggle with extraordinarily weak demand for business travel through end of 2021, and likely beyond.

And that could be devastating for already cash-depleted airlines that are guaranteed this year to report losses that, even for an industry with a long history of red ink, will be record-shattering.

The economic importance of business travel for all conventional airlines and even for most so-called

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Down 70% From Last Year, Business Travel Demand Won’t Bounce Back In 2021, And Maybe Not For Years

Even if a vaccine for Covid-19 becomes widely available – and widely used – around the globe, and if the current, very onerous government restrictions on international travel largely disappear, airlines still will continue to experience extraordinarily weak demand for business travel through end of 2021, and likely beyond.

And that could be devastating for an already cash-depleted and shrinking airline industry that is guaranteed this year to report losses that, even for a group with a long history making of huge losses, will be record-shattering.

The economic importance of business travel for all conventional airlines

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Back to Business Holiday Report, Initiatives to Help Small Businesses Bounce Back

Small businesses have experienced unexpected challenges as a result of the pandemic. Sponsored by Visa

Small businesses have experienced unexpected challenges as a result of the pandemic. While the COVID crisis remains the biggest challenge for small businesses in 2020, a new study finds some hopeful news heading into the fourth quarter. Visa’s Kevin Phalen joins our Laura Cavanaugh to share the important findings from a new Back to Business report about the upcoming holiday shopping season.

More than half of Americans work for or own a small business. Small businesses account for 44 percent of the nation’s economic activity.

“Small businesses are critically important to our local communities and our overall economy. So it’s really important that we’re continuing to support them as they now start to think about the holiday season,” said Phalen.

This week marks a National Small Business Week like no other. As businesses continue to

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Small Business Survivors: Owner of Laser Bounce Family Fun Center in Queens calls on Cuomo to reopen attractions

More and more businesses have been given the green light to reopen by Gov. Andrew Cuomo as part of the state’s COVID-19 phased reopening plans — but some exceptions include the attractions industry.

Ryan D’Amico, the vice president, owner and general manager of Laser Bounce Family Fun Center in Glendale and Levittown, believes Cuomo has delayed the reopening of the attractions industry for “far too long and to the detriment” of the state.

“Family entertainment centers, water parks, amusement parks — the overall attractions industry — in New York has been forgotten,” D’Amico wrote in an op-ed. “We employ thousands of people and contribute to our communities. Our employees are ready to work. Our guests are ready to return. And we are ready to work with the state to present our plans

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How Your Business Can Bounce Back From the Summer Slowdown

If you’ve found that your company’s sales and other activity seem to succumb to the lull of summer, you’re not alone! Many business owners find that the hottest months of the year are also the quietest. As long as you can plan for the slowdown, it doesn’t have to hurt your business, but once fall rolls around, it’s time to get things moving at full speed again! Try these five tips to get your business in motion.

summer slowdown business

Use Time Management To Incentivize Productivity

You’re not the only one who’s feeling the summer slowdown—your employees are, too. Most small business owners lose at least a little sleep over employee productivity, but you’ll encourage them to work harder with less oversight if you take a positive tone. Rewarding the most productive employees or teams is a great way to communicate to workers that their efforts are valuable and will be rewarded. Use

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PFB Corporation’s (TSE:PFB) Shares Bounce 32% But Its Business Still Trails The Market

Despite an already strong run, PFB Corporation (TSE:PFB) shares have been powering on, with a gain of 32% in the last thirty days. The last 30 days bring the annual gain to a very sharp 55%.

In spite of the firm bounce in price, PFB’s price-to-earnings (or “P/E”) ratio of 9.7x might still make it look like a buy right now compared to the market in Canada, where around half of the companies have P/E ratios above 17x and even P/E’s above 40x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.

Recent times have been advantageous for PFB as its earnings have been rising faster than most other companies. One possibility is that the P/E is low because investors think this strong earnings performance might be less impressive moving forward. If not, then existing shareholders

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ANALYSIS-Cheap seats give Chinese airlines a much-needed passenger bounce

By Stella Qiu and Jamie Freed

BEIJING/SYDNEY, Sept 7 (Reuters)Looking to travel from Beijing to Hangzhou in eastern China? A flight can be had for as low as 180 yuan ($26) – one of a slew of deals fuelling a robust recovery in Chinese passenger levels and which could provide a model for a beleaguered industry globally.

Led by China Eastern Airlines Corp’s 600115.SS June offer of unlimited weekend flights until Dec. 31 for 3,322 yuan ($485), domestic carriers have fallen over themselves to woo passengers back with bargain-basement fares. At the same time, China’s success in mitigating the spread of the coronavirus has helped consumers regain the confidence to travel.

Although the airlines are still loss-making and analysts say the recovery for China’s aviation market is fragile and subject to setbacks, the cheap airfare strategy is far more cost-effective than having planes grounded. It also provides

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Cheap seats give China airlines a needed bounce [Video]

A flight across China for just 26 dollars.

The bargain fare is just one of thousands on offer to woo back travellers.

And the deals appear to be fuelling a robust recovery in the country’s passenger levels.

Domestic carriers are following the move by China Eastern Airlines in June, of unlimited weekend flights until the end of the year for just under 500 dollars.

Although the airlines are still loss-making and the recovery fragile, the strategy is far more cost-effective than having planes grounded.

Data suggests Chinese airline capacity has snapped back to more than 90% of pre-pandemic levels.

And forecasts show it is expected to recover to last year’s levels by the end of 2020.

China Southern Airlines, the carrier with the biggest domestic market share, even returned to year-on-year capacity growth in August.

Analysts say it’s partly thanks to China’s success in mitigating the spread of the virus,

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Cheap seats give Chinese airlines a much-needed passenger bounce

BEIJING/SYDNEY (Reuters) – Looking to travel from Beijing to Hangzhou in eastern China? A flight can be had for as low as 180 yuan ($26) – one of a slew of deals fuelling a robust recovery in Chinese passenger levels and which could provide a model for a beleaguered industry globally.

FILE PHOTO: A China Eastern Airlines aircraft is seen at the Beijing Capital International Airport following the global coronavirus disease (COVID-19), in Beijing, China July 22, 2020. REUTERS/Carlos Garcia Rawlins

Led by China Eastern Airlines Corp’s 600115.SS June offer of unlimited weekend flights until Dec. 31 for 3,322 yuan ($485), domestic carriers have fallen over themselves to woo passengers back with bargain-basement fares. At the same time, China’s success in mitigating the spread of the coronavirus has helped consumers regain the confidence to travel.

Although the airlines are still loss-making and analysts say the

Read More