Author: CapitalGainsFund

Feb 9

The Ratings Game: Intelsat’s stock falls as analyst sees ‘little hope’ for investors after FCC’s 5G spectrum proposal

Shares of Intelsat S.A. took a tumble Friday, after J.P. Morgan analyst Philip Cusick said Federal Communications Commission Chairman Ajit Pai’s proposal to quickly free up spectrum for 5G networks leaves “little hope” for equity investors. Cusick downgraded the Luxembourg-based satellite services company to a rare underweight rating, after being at neutral the past three […]
Feb 9

Cannabis Watch: Aurora Cannabis stock is falling as CEO steps down, ‘sweeping’ cost-cutting plan announced

Aurora Cannabis Inc. late Thursday said that Chief Executive Terry Booth is retiring amid “sweeping changes” for the Canadian licensed producer, the latest pot company to cut costs amid a cash crunch in the sector. Aurora outlined a “business transformation plan” in a lengthy statement that detailed job cuts and large cuts in the valuation […]