Canada

Will Mountain Province Diamonds NASDAQ:MPVD meet your expectations?

Will Mountain Province Diamonds NASDAQ:MPVD meet your expectations? Mountain Province Diamonds NASDAQ:MPVD Mountain Province Diamonds Inc is expected to report earnings on 03/26/2018 after market close....

Street expectation from lululemon athletica NASDAQ:LULU today?

Street expectation from lululemon athletica NASDAQ:LULU today? lululemon athletica NASDAQ:LULU lululemon athletica inc is expected to report earnings on 03/27/2018 after market close. The report will...

Street expectation from Yamana Gold TSE:YRI ?

Street expectation from Yamana Gold TSE:YRI ? Yamana Gold Inc TSE:YRI Yamana Gold Inc. is expected to report earnings on 02/15/2018 after market close. The report...

Earnings surprise are on radar for TransCanada Corporation TSE:TRP

Earnings surprise are on radar for TransCanada Corporation TSE:TRP TransCanada Corporation TransCanada Corporation is expected to report earnings on 02/15/2018 after market close. The report will...

Kinder Morgan Canada Limited (TSE:KML) B.C. At It Again

Kinder Morgan Canada Limited (TSE:KML) B.C. At It Again Our Conclusion The announcement of new rules from the B.C. Government seemingly limiting any increase in diluted...

Gibson Energy Inc (TSE:GEI) Refocusing On Core Strength

Gibson Energy Inc (TSE:GEI) Refocusing On Core Strength Our Conclusion The decision to accelerate the transition to an infrastructure-focused company may create long-term value, but carries...

Fairfax Financial Holdings (TSE:FFH) Q4 Preview: Looking For A Good Close To The...

Fairfax Financial Holdings (TSE:FFH)  Q4 Preview: Looking For A Good Close To The Year Q4 is expected to be a good quarter for the company...
Raising Price Target On Lower Elkview Impact & Higher Oil Price Forecast (NYSE:TECK)

Raising Price Target On Lower Elkview Impact & Higher Oil Price Forecast (NYSE:TECK)

Teck Resources (Teck) has revised rating of Outperfomer, but increase our 12 to 18-month price target to C$46 from C$45, after updating our model...

Rakuten and Walmart join hands for online grocery delivery in Japan

Rakuten and Walmart join hands for online grocery delivery in Japan Walmart, the US retail giant has announced that it will partner with Rakuten to...
Cara's purchase of The Keg marks a significant milestone. It instantly becomes, in our opinion, the most valuable brand within Cara's portfolio and warrants a re-rating of Cara's earnings multiple. While EPS accretion from the deal for F2019E is just +2% by our calculations, our sum-of-the-parts valuation increases by about 15% to nearly $28. However, the near +10% increase in the stock following yesterday's announcement implies limited upside from here, in our view. CARA remains Neutral rated, with our price target increased to $28 (from $24 previously). What's The Event? Cara is acquiring 100% of The Keg's operating company, Keg Restaurants Ltd. (KRL), for $200MM through a nearly equal combination of cash and shares. The deal is valued at 9.6x LTM EBITDA and is expected to close this quarter. The nuance of this deal, and where it differs from our previously published analysis ("Where Does It Grow From Here", August 1, 2017), is that the Keg's income fund ("the Fund") will continue to exist. In the end, the price to cancel the royalty structure was deemed too rich, so Cara will continue to pay 4% of system sales to the Fund. Though the continued existence of the Fund somewhat complicates matters, the important takeaway here is that The Keg has added a flagship brand that can strengthen same-restaurant sales (SRS) growth and potentially unit growth, too. Furthermore, The Keg's CEO, David Aisenstat, will not only continue running The Keg, but will also manage Cara's other upscale brands, including Milestones, Bier Markt and Landing, providing a boost to those brands. To be sure, minimum wage increases (those already in place, as well as the specter of increases in other provinces) present a meaningful headwind, one that we believe will shave ~$13MM off this year's EBITDA. But we stress that expanding the network by adding a premier brand with quality management is a big step in the right direction.

Cara’s purchase of The Keg marks a significant milestone. (TSE: CARA)

Cara's purchase of The Keg marks a significant milestone. It instantly becomes, in our opinion, the most valuable brand within Cara's portfolio and warrants...

Coinbase Reported $1 Billion Revenue in 2017- Has Sent VCs Strict Message

The famous bitcoin trading broker, Localbitcoins.com, has severely increased in popularity during recent times as people continue to become crazy and obsessed with crypto...
Ivanhoe Mines Ltd

Upgrade To Outperformer After Recent Pullback; Kamoa Financing In Spotlight

As of Jan. 21, we upgrade our Ivanhoe Mines (IVN) rating to Outperformer from Neutral, but slightly decrease our 12- to 18- month price...

Modest Recovery Expected For Biz Jets — Transportation & Aerospace Weekly

Modest Recovery Expected For Biz Jets -- Transportation & Aerospace Weekly What's The Event? With the NBAA Convention being held his past week, there were a...

A 5x Rise In China’s Corn Deficit? – Field Notes – October 15, 2017

A 5x Rise In China's Corn Deficit? - Field Notes - October 15, 2017 What's The Event? China now estimates its corn supply deficit for 2017-18...

SSR Mining Inc

SSR Mining Inc Q3/17 Production Results - Slightly Below Expectations Our Conclusion SSRM reported Q3 production below our expectations. SSRM reported gold production of 56,757 ounces vs....

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