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Pangaea Logistics (PANL) – Taking Over Coverage

Posted on by Admin

Monday, May 02, 2022

Pangaea Logistics (PANL)
Taking Over Coverage

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com.

Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

We are assuming coverage of PANL maintaining an Outperform rating and a $7.50 price target. We believe PANL will do well in a positive Dry Bulk pricing environment given its low order book and expanded fleet. We view the flexibility and a global presence as attributes that will allow it to take advantage of changing shipping demand. Increased liquidity following insider sales makes investing in PANL easier.

Management laid out a positive case for investing in PANL at NobleCon18. In the presentation, CFO Gianni Del Signore stressed that 1) the company is in a unique position to capitalize on an improving dry bulk market, 2) PANL is a good steward of investor capital that grows the business in a sustainable manner, and 3) its integrated platform results in consistent, higher margins. A link to the presentations can be found at Channelchek.com….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Tokens.com Corp. (SMURF) – Broadening the Scope

Posted on by Admin

Monday, May 02, 2022

Tokens.com Corp. (SMURF)
Broadening the Scope

Tokens.com Corp is a publicly traded company that invests in Web3 assets and businesses focused on the Metaverse, NFTs, DeFi, and gaming based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in play-to-earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A New Subsidiary. Tokens.com’s management announced that its subsidiary, Metaverse Group, launched a new advisory service practice called Metaverse Advisors. This practice will provide virtual land brokering and consulting services for clients looking to get into virtual worlds. 

More into the Subsidiary. The Company expanded on the services offered with the subsidiary, including software analytics and reporting tools for clients in evaluating virtual land, appraisals, and visitor traffic information (includes time spent in a virtual store or on a property). As the Company has experience across a couple of different worlds, this can be leveraged towards these services….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Vectrus (VEC) – Notes From The Preliminary Proxy

Posted on by Admin

Monday, May 02, 2022

Vectrus (VEC)
Notes From The Preliminary Proxy

For more than 70 years, Vectrus has provided critical mission support for our customers’ toughest operational challenges. As a high-performing organization with exceptional talent, deep domain knowledge, a history of long-term customer relationships, and groundbreaking technical expertise, we deliver innovative, mission-matched solutions for our military and government customers worldwide. Whether it’s base operations support, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. Vectrus is headquartered in Colorado Springs, Colo., and includes about 8,100 employees spanning 205 locations in 28 countries. In 2021, Vectrus generated sales of $1.8 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Preliminary Proxy. Vectrus filed a preliminary proxy for its proposed merger with Vertex. As usual, the proxy provides detailed information about the process, financial forecasts, and valuation from the financial advisor’s opinion. In addition, we learn the proposed new Company name, V2X, Inc., and symbol VVX.

Long Train Running. The March announcement of the proposed combination of Vectrus and Vertex is the culmination of a long, winding trip. Vectrus first registered an interest in Vertex, then a subsidiary of L3 Technologies back in 2018, and expressed its interest in Raytheon’s receptiveness to a potential divestiture of certain of its technical services assets comprising the Defense Training and Mission Critical Services business, the assets which were subsequently acquired by Vertex this past December, back in October 2020….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.