Einhorn Is Wrong About ‘Idiotic’ N.J. Deli, Ritholtz Says (Bloomberg)
Barry Ritholtz, a Bloomberg Opinion columnist, reacts to hedge fund legend David Einhorn presenting Hometown International as his choice for the new icon of irrational exuberance. He speaks with Bloomberg’s Tom Keene and Lisa Abramowicz on “Bloomberg Surveillance.” Ritholtz’s opinions are his own. (Source: Bloomberg)
Mark Cuban, Ray Dalio: Smart Early Moves to Build Wealth and Avoid Debt (CNBC)
It is no secret that Americans need to be taught financial literacy while they are young. Financial education has the ability to change people’s lives, but too often people receive inadequate education or no education at all. April is Financial Literacy Month and CNBC Invest in You is featuring weekly lessons from highly regarded business figures on building a better relationship with money, which Ariel Investments’ Mellody Hobson recently noted is the longest relationship you will have in your adult life.
Pristyn Care’s Valuation Doubles After $53 mn Fundraise Led by Tiger Global (Live Mint)
Bengaluru: Healthcare startup, Pristyn Care, has seen its valuation more than double to $550 million in just six months, after it raised $53 million in Series D round led by US-based hedge fund Tiger Global Management, the Gurugram-based company has said. Pristyn Care’s existing investors Sequoia Capital, Hummingbird Ventures and Epiq Capital also participated in the latest fundraise. With this capital infusion, the total funding raised by the startup stands at $81 million, since its inception in 2018.
Tuesday 4/20 Insider Buying Report: CLI, NRZ (Nasdaq.com)
At Mack Cali Realty, a filing with the SEC revealed that on Monday, Director A. Akiva Katz purchased 240,000 shares of CLI, at a cost of $15.67 each, for a total investment of $3.76M. So far Katz is in the green, up about 5.3% on their purchase based on today’s trading high of $16.50. Mack Cali Realty is trading up about 2.2% on the day Tuesday. Before this latest buy, Katz purchased CLI on 2 other occasions during the past year, for a total investment of $11.78M at an average of $14.95 per share. And at New Residential Investment, there was insider buying on Monday, by Chairman, CEO & President Michael Nierenberg who bought 100,000 shares for a cost of $10.10 each, for a total investment of $1.01M. New Residential Investment is trading up about 0.1% on the day Tuesday. So far Nierenberg is in the green, up about 3.6% on their buy based on today’s trading high of $10.47.
Bed Bath & Beyond Inc (BBBY) CFO and Treasurer Gustavo Arnal Bought $509,000 of Shares (Guru Focus)
CFO and Treasurer of Bed Bath & Beyond Inc, Gustavo Arnal, bought 20,000 shares of BBBY on 04/16/2021 at an average price of $25.45 a share. The total cost of this purchase was $509,000. Bed Bath & Beyond Inc operates a chain of retail stores. It operates under the names Bed Bath & Beyond, Christmas Tree Shops and Harmon and Harmon Face Values.
U.S. Regulator Bars Ex-Goldman Sachs Analyst for Insider Trading (Reuters)
NEW YORK (Reuters) -A U.S. regulator barred a former Goldman Sachs & Co research analyst from the brokerage industry for insider trading in two companies that the company was about to upgrade, and for lying about his trading. The Financial Industry Regulatory Authority (FINRA) said Brian Maguire bought $850,000 worth of shares in two companies last April and June after receiving internal emails that a fellow analyst would soon raise the companies’ ratings to “buy” from “neutral.”
