Friday, September 1, 2023
"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 2 SEPT
STATUS OF THE RV
BRUCE'S BIG CALL, 1 SEPT
Bruce’s Big Call Dinar Intel Thursday Night 8-31-23 REPLAY LINK Intel Begins 1:17:20
Economist: The path of development will reduce unemployment and reduce dependence on oil as a source of budget, 1 SEPT
Economist: The path of development will reduce unemployment and reduce dependence on oil as a source of budget
On Friday, economic researcher Hashem Al-Baydani stated that effective planning of development projects would lead to a substantial decrease in unemployment. He emphasized that the revenue generated from such projects could reduce reliance on oil as a means of financing the budget.
According to Al-Baydani, the road mentioned earlier has the potential to encourage the Ministry of Industry and private sector companies to invest in large areas along the road for the establishment of factories and laboratories. This could also attract international companies to bring their factories to Iraq, resulting in reduced transportation costs.
According to him, building a road and developing projects on either side of it can greatly reduce unemployment. This is because many factory owners prefer to export their products at lower transportation costs. To achieve this, land near the road can be offered for investment or rent.
He suggested that setting up factories, laboratories, and projects on both sides of the road would require thousands or even millions of workers and specialists. This could be a great investment opportunity and open doors for giant companies to invest, as long as the labor force is Iraqi. To attract foreign investors, customs duties could be reduced or permits could be granted to open factories. The goal is to bring in new sources of revenue to the country and decrease unemployment rates.
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"RV UPDATE" BY BRUCE & MNT GOAT, 1 SEPT
Bruce
[via WiserNow] ...everything is moving in the direction we want it to move...in terms of timing, there have been meetings ...big meetings with redemption center and some of the top bank personnel ...
And ...this particular meeting had a top tier treasury person on the call...this particular information that we received, We actually had it prior to this call, but the call verified it to us. We got it...from another couple of sources and the gist of it is that we should be notified by...Thursday, which is the 31st. And we should start our exchanges either Thursday, or Friday, which is the first of September...Intel is aiming to come together to bring this finally to fruition...We're excited about it.
Mnt Goat
This is why we need them to issue the lower denominations. So, when they do reach around 1000 program rate (probably more like just under 1000) they plan to drop the zeros. The rate then changes by just moving the decimal place over by 3...It is really that simple...this in-country RV rate will not remain long. They will then move to FOREX after waiting a period of time as they “adjust for inflation”, which they are now doing. This is right out of Dr Shabibi’s plan. In each country, for instance the USA, will have an exchange rate for the dinar based on their economy and currency being exchanged.
The IMF and the CBI told us years ago they are not going to swap out the 3 zeros notes for the newer lower denominations at a fraction of the value. The 3 notes will be “legal tender” for up to 10 years but not in general circulation and used primarily for interbank transactions...The banks call this “public” vs “institutional” use.
I presented scenarios to you in the past about the rate of these 3 zero notes...the rate is already close to 1:1 only they added 3 zeros to the currency. By adding these three zeros it circumvents any real profit for us investors until they delete the zeros and issue the newer notes. Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value.
"RV UPDATE" BY MILITIAMAN, 1 SEPT
Militia Man
What's this business about this 1132 that Alaq mentioned? Alaq is the central bank governor...He said the official exchange rate for the Iraqi currency is 1132...A lot of people are going, 'Well that's not true!'.
The fact remains...he said it...as the official rate of the Iraq dinar but it's not on their website. I'm not making it up. I'm not giving you accusations...it's proved...
You're going from an old style to a new style in this new world economy...the triple zero notes aren't going to be a thing of the future. They're going to be a thing of the past...
Article: "Kurdistan Presidency Office: Baghdad's failure to send financial dues to the region is unfair" There is far more to this story in this than what meets the eyes. They'll need the salaries quickly or it is going to get iffy.. lol We can see that there is a reason for them not getting the salaries yet. They'll need the new exchange rate to be allocated.. imo.. Seems fairly obvious now.
3 Stocks to Watch in the Thriving Agriculture - Products Industry, 1 SEPT
The Zacks Agriculture - Products industry will benefit from the stable demand for food, supported by a growing population. Increasing consumer awareness regarding food ingredients and the preference for healthier alternatives will continue to boost the industry’s growth prospects. Alternative and innovative agricultural technologies like hydroponics and vertical farming are expected to be other key catalysts, given their inherent benefits.
Players like Bunge Limited (BG - Free Report) , The Andersons, Inc. (ANDE - Free Report) and Arcadia Biosciences (RKDA - Free Report) are poised well to gain from strong end-market demand and their ongoing growth initiatives.
Industry Description
The Zacks Agriculture – Products industry comprises companies that are either involved in storing agricultural commodities, distributing ingredients to others, or engaged in farming crops, livestock and poultry products. Some are engaged in purchasing, storing, transporting, processing and selling agricultural commodities or products derived from the same. They operate grain elevators, wherein income is earned from commodities bought and sold using these elevators or held as inventory. Some companies provide nutrients, advanced indoor and greenhouse lighting, environmental control systems, and accessories for hydroponic gardening — the method of growing plants using mineral nutrient solutions in a water solvent instead of soil. A few players are offering innovative, plant-based health and wellness products. Companies producing lumber also fall under this industry.
Trends Shaping the Future of the Agriculture - Products Industry
Solid Demand to Support Industry: Demand for food is directly influenced by population and demographic changes beside income growth and income distribution. Per the United Nations, the global population will rise to 8.5 billion in 2030 and 9.7 billion in 2050. This would lead to a 50% increase in global food demand. Also, in response to growing consumer demand for healthier food alternatives, a number of agricultural and food-based companies are investing in innovation, and augmenting their product and market strategies to bring new quality and healthy food ingredients to the market. Ongoing improvements in grain-handling techniques and investment in larger storage spaces should aid the industry’s growth. Plus, stable earnings across all cycles are ensured, considering the industry’s products are always in demand, irrespective of the condition of the economy.
Hydroponics & Cannabis Are Key Catalysts: Hydroponics is gaining popularity as it gives growers the ability to better regulate and control nutrient delivery, light, air, water, humidity, pests and temperature in an indoor setting. It can help produce crops faster with higher yields than traditional soil-based growers. It is being utilized in new and emerging industries, including the cultivation of cannabis and hemp. Vertical farms producing organic fruits and vegetables also utilize hydroponics due to a rising shortage of farmland, as well as environmental vulnerabilities. Also, vertical farming is the latest agricultural technology, wherein companies use shelves and artificial light to grow produce, minimizing land and water consumption. Total sales for the hydroponic equipment industry are projected to surpass $16 billion by 2025. Even though the cannabis industry is undergoing a rough patch due to an oversupply, its long-term prospects are intact. In the United States, several states have legalized cannabis for medical or recreational use, representing the largest market in the world. By 2027, spending on legal cannabis is expected to reach $47.3 billion in North America.
High Costs to Hurt Margins: Players in the industry are facing rising labor, packaging and distribution costs, among other expenses. Companies engaged in animal products have been facing rising production costs for a while due to elevated feed ingredient prices . Even though feed prices are expected to ease somewhat from the peak levels, it still remains high the industry continues to navigate a tight labor market with a spike in wages and higher distribution costs. Supply-chain headwinds are also expected to be concerning in the near term. Companies are consistently implementing cost-reduction actions and pricing strategies to sustain margins in the current scenario.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Agriculture - Products industry is part of the broader Zacks Basic Materials sector. The industry currently carries a Zacks Industry Rank #111, which places it in the top 44% of the 252 Zacks industries.
The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bright prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks worth considering for your portfolio, let’s look at the industry’s recent stock market performance and valuation.
Industry Versus Broader Market
The Zacks Agriculture – Products industry has underperformed its sector and the Zacks S&P 500 composite over the past 12 months. Stocks in this industry have gained 5.5% in the past 12 months compared with the S&P 500’s growth of 15.0% and the Basic Materials sector’s rise of 14.8%.
One-Year Price Performance
Industry's Current Valuation
On the basis of the trailing 12-month EV/EBITDA ratio, a commonly used multiple for valuing Agriculture - Products stocks, we see that the industry is currently trading at 5.20X compared with the S&P 500’s 13.44X. The Basic Materials sector’s trailing 12-month EV/EBITDA is 10.08X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)
Over the last five years, the industry has traded as high as 12.82X and as low as 3.10X, with the median being 6.75X.
3 Agriculture - Products Stocks to Watch
Andersons: The company recently closed the acquisition of ACJ International, a pet food ingredient supplier that is in sync with its strategy to grow in the premium pet food ingredient industry. Aided by its effective working capital management, the company has managed to lower short-term debt to $103 million at the end of the second quarter of 2023 from the $1.2 billion at the end of the year-ago quarter. The company has managed to keep the long-term debt to EBITDA at less than its targeted 2.5 times. It is continuing to execute its strategy in its core grain and fertilizer verticals, including a greater focus on renewables and opportunities in renewable diesel feedstocks. The company’s shares have gained 41% in a year.
Maumee, OH-based Andersons operates in trade, renewables and plant nutrient sectors in the United States and internationally. The Zacks Consensus Estimate for ANDE’s earnings for fiscal 2023 has moved up 22% in the past 60 days. The company has a trailing four-quarter earnings surprise of 64.4%, on average. ANDE has a trailing four-quarter earnings surprise of 64.4%, on average. The company currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: ANDE
Arcadia Biosciences: The company has been streamlining its business to focus on higher-margin brands, while aggressively managing costs. Aided by its efforts, the second quarter of 2023 saw the lowest quarterly operating expenses since the fourth quarter of 2020. The company plans to sell its two remaining Body Care brands. It expects streamlined operations and organizational changes to lead to savings of $2 million in operating expenses in the remainder of 2023 and $3-$4 million annually. This move will help it focus on the more promising GoodWheat and Zola brands. Its GoodWheat flour recently entered the $850-million baking mix category with the launch of better-for-you pancake and waffle mixes. Zola coconut water has reversed its downward distribution trend in the second quarter of 2023. RKDA plans to ramp up innovation for the brand, with some flavor launches expected in the first quarter of 2024. The company’s shares have lost 89.6% in a year but are expected to trend up eventually, backed by the above-mentioned tailwinds.
Arcadia is a producer and marketer of innovative, plant-based health and wellness products. RKDA used non-genetically modified advanced breeding techniques to develop its proprietary innovations, which it is now commercializing by selling seed and grain, food ingredients and products, hemp extracts, trait licensing, and royalty agreements. Over the past 60 days, the Zacks Consensus Estimate for this Davis, CA-based player’s fiscal 2023 earnings has narrowed from the previously stated loss of 21.85 per share to a loss of $11.05. RKDA has a trailing four-quarter earnings surprise of 41%, on average. It currently carries a Zacks Rank #2 (Buy).
Price & Consensus: RKDA
Bunge: The company’s shares have gained 19% since it announced entering a definitive agreement with Viterra Limited in June. This merger will create an innovative global agribusiness company with an enhanced global network, and grain and softseed handling capacity. With a diversified mix across geographies, seasonal cycles and crops, the company will be better positioned to manage risk and increase resiliency. BG also recently reported upbeat second-quarter 2023 results, with adjusted earnings improving 25% year-over-year. In the Agribusiness segment, results were driven by softseed crush and strong Brazil soybean origination, which also contributed to higher crush results in Brazil, and crush operations in Europe and Asia. The Refined & Specialty Oils segment has been gaining on strong food and fuel demand. The company’s shares have gained 15.4% in the past year.
Bunge is an integrated global agribusiness and food company covering the farm-to-consumer food chain. The Zacks Consensus Estimate for this St. Louis, MO-based player’s ongoing-year earnings has moved up 5% to $12.13 over the past 60 days. BG has a trailing four-quarter earnings surprise of 20.4%, on average. It carries a Zacks Rank #3 (Hold) at present.
Price & Consensus: BG
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
CHELLA CC HIGHLIGHTS NOTES, 22 DEC
CHELLA CC HIGHLIGHTS NOTES Summary CH Smith hosts a live news update on Iraq, covering the stock exchange, banking reforms, and tourism deve...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...