1.5 Image source: Getty Images. 19 2015 G A Chester | Tuesday, 10th March, 2020 | More on: AZN 0.5 6.4 My core operating profit (£bn) Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 2018 6.8 2019 2.1 5.9 22 Year 6.7 1.3 “This Stock Could Be Like Buying Amazon in 1997” 5.7 1.8 3.7 Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 2017 G A Chester has no position in any of the shares mentioned. The Motley Fool UK has recommended AstraZeneca. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 14 4.1 5.4 AZN core operating profit (£bn) 2016 5.2 I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. 0.0 1.9 Statutory operating profit (£bn) 0.4 2014 3.8 6.9 2.3 33 The AstraZeneca (LSE: AZN) share price is a long way from being the hardest hit in this market crash. It ended yesterday at just over 7,000p. This is down 9% from its pre-crash level on 21 February, and 11% below its all-time high of 7,878p printed in January.However, because big FTSE 100 pharma firms have defensive qualities, and healthcare is an industry with long-term structural growth drivers, we shouldn’t expect a company like AZN to suffer as badly as stocks in more cyclical or structurally-challenged sectors. Therefore, we should ask whether AZN’s current discount share price is a bargain for a stock of its quality.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Debased coinageFund manager Mark Slater — son of the late Jim Slater (author of best-selling investment book The Zulu Principle) — recently savaged companies’ “adjusted earnings per share” numbers as “a debased coinage.”Most companies headline such numbers in their results, and most analysts and investors use them to value the business. Almost invariably, these numbers portray a more flattering picture of the company’s performance than statutory EPS.I’ve previously suggested AstraZeneca’s adjusted EPS — it calls it ‘core’ EPS — is one of the most egregious around. Don’t get me wrong, I think AZN is a quality business with a sound strategy, but, for a good while, I’ve felt the shares have been over-valued on a true view of underlying EPS.However, after the recent fall in the share price, do I think the valuation is now attractive?Smoke and mirrors revisitedI last wrote about AZN after its Q3 results last year. In that article, I showed how the company books one-time gains on disposals of non-core drugs as ‘core’ operating profit. I pointed out that such disposals had increased from £0 in 2014 to £1.9bn in 2018, with the latter representing a whopping 33% of AZN’s ‘core’ operating profit for the year.On a positive note, I suggested it looked like certain disposals for 2019 would be lower, and that what I consider true core earnings would increase for the first time in five years. We now have AZN’s 2019 results, and the table below brings the position up to date. 5.3 Gains on disposals (£bn) Our 6 ‘Best Buys Now’ Shares Gains on disposals as % of AZN core operating profit 1.0 6.9 0 4.9 6.9 4.8 1.2 Adjustments (before gains on disposals) (£bn) 2.9 As you can see, gains on disposals in 2019 were indeed lower, both in absolute terms (£1.2bn), and as a percentage of AZN’s core operating profit (19%). This is a move in the right direction, so how is the company’s price-to-earnings (P/E) valuation looking today?Getting thereAZN’s EPS for 2019 came in at $3.50 (267.2p at current exchange rates) on the company’s own core measure. It worked out at $2.75 (209.9p) on my core measure, and at $1.03 (78.6p) on a statutory basis.At the current share price of 7,003p, this produces P/Es of 26.2 (AZN core), 33.4 (my core) and 89.1 (statutory). I believe my core number is a truer reflection of the underlying business performance than AZN’s core (and the statutory measure).I’d want to see a P/E in the 20s on my measure before considering the stock a potential buy. This would require a lower share price or a further improvement in core EPS. For the moment, I continue to see AZN as a stock to avoid on valuation grounds. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Does AstraZeneca’s share price fall make it a bargain FTSE 100 stock? 3.4 Simply click below to discover how you can take advantage of this. 1.7 19 See all posts by G A Chester
Business News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Gatherings Mobility Works Rocks On with Oktoberfest Story and Photography by DAVID ALVARADO Published on Sunday, October 19, 2014 | 2:36 pm Subscribe Top of the News HerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeauty Make a comment Mobility Works Pasadena hosted their annual Oktoberfest celebration and they packed the house. Throngs of people came by to enjoy performances by the Rough Riders Powerchair Soccer Team and Walk & Roll Foundationâ€™s Dance Team.People were able to walk around and enjoy product demos from over 30 vendors that were showing their wares, as well as all the fantastic wheelchair accessible vehicles that were on display.And what would be Oktoberfest without food. Traditional Oktoberfest food of bratwurst, cabbage and German potato salad was lovingly prepared by Christinaâ€™s Catering. Yum!Fun, food and drinks was had by all as once again, Mobility Works demonstrated that they always host the best disabilities Oktoberfest celebration around.For more information, please visit http://www.mobilityworks.com/pasadena.php or call (626) 584-8181. 6 recommended0 commentsShareShareTweetSharePin it Your email address will not be published. Required fields are marked * Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Name (required) Mail (required) (not be published) Website Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News More Cool Stuff First Heatwave Expected Next Week Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News
English Championship side Swansea City have slapped an £18 million price tag on forward André Ayew to ward off any potential suitors in the January transfer window.The 30 year old leads the scoring for the Welsh side this season with 12 goals in all competitions – the latest being the winner against Wigan Athletic last weekend.The Black Stars captain’s future at the club has been the subject of intense speculation over the past couple of weeks, with Tottenham Hotspur and Leeds United among the leading candidates for his signature.With 18 months left on his Swansea contract, and being the club’s highest earner by some distance, murmurs around the club suggest that the hierarchy is split between the forward’s future, with a section wanting to cash in quickly before he runs out his contract.But it looks like Ayew would be staying put, at least till the end of the season, with the latest development.Ayew rejoined Swansea in January 2018 from West Ham, but spent last season on loan at Turkish side Fernerbahce, before returning to the Swans at the start of the season.
Cody Bellinger homer gives Dodgers their first walkoff win of season How Dodgers pitcher Ross Stripling topped the baseball podcast empire Dodgers hit seven home runs, sweep Colorado Rockies Indeed, Correa doesn’t pretend the Astros were clean in 2017, at least in the regular season. But, again, it’s a much more complicated issue than see-ball, listen-for-banging-trash-can, hit-ball, win-game.Correa claims the Dodgers ramped up their postseason sign system to an unintelligible levelWhen Alex Bregman singled to win the infamous Game 5, the run-scorer was rookie pinch-runner Derek Fisher.“He hadn’t been on second base the whole series,” Correa said. “He doesn’t know what’s happening behind the plate. There are Morse Codes out there.”Plus, Houston won the World Series in Dodger Stadium, although the Wall Street Journal has pointed out that the Astros used their “Codebreaker” system to quickly process signs in road stadiums. Correa says Houston was not banging trash cans on the road.“Cody Bellinger’s job is to look for information,” Correa said. “If you don’t know the facts, you’ve got to shut the (deleted) up.”That hasn’t stopped anyone else.Little Leagues in Fullerton and Long Beach have banned teams from calling themselves Astros. Whether the Jetsons will be forced to rename their dog is undetermined.Yes, it’s encouraging to see people come out strongly against lying and cheating. But any child should be proud to wear Altuve’s jersey, and not just because it might fit.Altuve spent three years in a Rookie League. He earned his way, rung-by-rung. He has had four 200-hit seasons and three batting championships, and he was as deserving an MVP as there has ever been.The Dodgers are basking in their aggrievement, and that’s certainly a human and popular reaction. But they have no right to impugn a player and person of Altuve’s caliber.Correa says the Astros got to Game 7 of the 2019 World Series without cheating at all. But it won’t matter in 2020, when they’ll get booed from the moment their wheels hit the tarmac, when they’ll face up-and-in rockets from emboldened pitchers, when any win will be questioned and any loss celebrated.Removing the 2017 World Series title would be empty and stupid. But the reason GM Jeff Luhnow deserved much more than a one-year suspension, and the reason the Astros should have lost many more draft picks and dollars, is because justice is uneven.Luhnow and manager A.J. Hinch will be eligible to return long before the retribution fades away. Players who weren’t with the Astros, or were still in the minors, will bear the shrapnel.Related Articles The Dodgers? It’s unfortunate that ex-manager Don Mattingly didn’t leave behind his “Shut Up And Play” T-shirts.As Correa pointed out, no espionage forced Bellinger and Tony Watson to make run-scoring errors, or turned the Dodgers into statues frozen by Charlie Morton’s curveballs.It’s time to put Astrogate into the trash can of history and go play 162 games. We all could use a nap. Newsroom GuidelinesNews TipsContact UsReport an Error Cody Bellinger had barely jumped off his high horse when Carlos Correa hit the “reply” button and sent it 400 feet.What a shame it will be when the players replace the excitement of the Astrogate scandal with the droning nothingness of regular-season baseball.On Friday, Bellinger said the 2017 Houston Astros had cheated to win the World Series and that Jose Altuve had “stolen” the American League MVP award, although the award is decided by the Baseball Writers Association of America, which gave Bellinger the NL award in 2019.Shortly afterward, Correa beckoned multi-media baseball reporter Ken Rosenthal and delivered a comebacker at Bellinger. Dodgers’ Max Muncy trying to work his way out of slow start “Jose Altuve was the one guy that didn’t use the trash can,” Correa said. “He would go inside … to whoever was banging the trash can and he would get pissed. He would say, ‘I don’t want this, I can’t hit like this.’ … He played the game clean.“The reason he apologized to the media was for being part of the team and not stopping it. But he’s not apologizing for using the trash can, because he did not cheat.”Altuve was also suspected of wearing a buzzer that transmitted pitch selection. When he homered off the Yankees’ Aroldis Chapman to win the ALCS last year, he pulled his shirt tightly around him and begged his celebrating teammates not to tear it off.“That’s a lie,” Correa said. “Earlier in the year, he hit a walk-off and me and Tony Kemp ripped off his shirt. His wife told my wife, ‘Why is Carlos doing that? I don’t like that.’’’“The other reason is because he’s got an unfinished tattoo on his collarbone that honestly looked terrible. He didn’t want to show it at all. But he didn’t cheat in 2017 when nobody knew about the system. Why would he cheat in 2019?” Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco