Here’s a growth stock I rate among my best shares to buy now

first_img Image source: Getty Images. I’ve seen On The Beach (LSE: OTB) as a tempting growth stock for a while now. I like simple, straightforward, business models that cater to high demand. Want a holiday on the beach? No need to investigate general packages to see which are best suited. Just head for On The Beach — the clue is in the name.But there’s been a problem. Well, more than one. Firstly, On The Beach shares suffered from that oh-so-common growth stock bubble. When its shares hit a high in 2018, they were trading on a trailing price-to-earnings ratio of 35. For some growth stocks, that can be cheap. But, while I like the approach, this is just a company that’s hit on a slightly different way of selling holidays.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…The share price fell back. And then 2020 and the Covid-19 pandemic arrived. Growth shares in general suffered, with those in the travel business hit especially hard. At one point in March, the OTB price had dropped more than 70% year-to-date. But I think those who bought in the summer made a canny move.Second growth stock run?Since November, the OTB share price has rebounded strongly, and we’re now looking at a more modest loss of 25%. We’re likely to see more short-term pain as European travel restrictions continue to bite. But I’m convinced On The Beach is a long-term growth stock selling at a bargain price now.Before I explain why, let’s first have a look at full-year results delivered Thursday, and get them out of the way. The numbers were, in a word, horrible. But they were far from unexpected.In adjusted terms, revenue fell 52%, with pre-tax profit down 98% to just £0.6m. In GAAP terms, it’s even worse, with revenue down 76% and a pre-tax loss of £46.3m. The differences in accounting approaches, including adjusting for the impact of Covid-19 and other one-offs, means it’s hard to take much away from these figures. Well, except it’s not what growth stock investors back in 2018 were expecting.Liquidity statusBut right now, for me, it’s all about the balance sheet. On that score, I reckon chief executive Simon Cooper sums up the company’s key strength when he speaks of “The flexibility and asset light nature of our business model together with our recently strengthened balance sheet.”OTB raised £65.1m from a share placing in May. That left the company with net cash and equivalents of £51m at 30 November (excluding ring-fenced customer prepayments). It also has an undrawn £75m credit facility. How long might all of that last? The company puts its monthly cash burn at £2m in the complete absence of revenue. That indicates no problems on the survival front for the foreseeable future.The question for me is, do I expect On The Beach to get back to profit before its cash runs out? And my answer is a huge yes. I’m seeing a very tempting growth stock here, with an attractive business model, and the financial strength to see it comfortably through the crisis. It’s on my shortlist of ISA candidates. Alan Oscroft | Thursday, 10th December, 2020 | More on: OTB Our 6 ‘Best Buys Now’ Shares Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has recommended On The Beach. 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. Simply click below to discover how you can take advantage of this. 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. “This Stock Could Be Like Buying Amazon in 1997”center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Alan Oscroft Enter Your Email Address 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. 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. Here’s a growth stock I rate among my best shares to buy nowlast_img read more

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Soulive Announces New EP, Releases First New Song In Six Years [Listen]

first_imgSoulive will release their first collection of new music in six years when their long-awaited EP Cinematics, Vol. 1 drops on February 23 via Soulive Music. However, today the jazz-funk trio is offering fans an early taste of the record today with the single, “Kings March”.Accompanied by a music video that finds the guitarist Eric Krasno, drummer Alan Evans, and keyboardist Neal Evans in the studio, the laid-back “Kings March” marks the first release from the forthcoming Cinematics, Vol. 1. The EP takes its name from its five tracks’ cinematic quality, and the band’s press release even offers some thoughts on the types of films that might be complemented each song (“Kings March”, for instance, could work with a vintage spy thriller).“A cinematic piece of music creates a mood. Film composers like Jerry Goldsmith, David Axelrod, Ennio Morricone and Melvin Van Peebles were all influential in the concept for ‘Cinematics,’” Krasno says. “The idea is to use soundscape and melodic interplay to enhance the feeling and sentiment of a visual and to amplify the emotion that it’s relating.”“Kings March”Recorded late last year at Alan Evans’ Iron Wax studio in Western Massachusetts, Cinematic, Vol. 1 is the first release of a planned series of “Cinematics” EPs. That means fans can expect plenty of new music from Solve in the foreseeable future.“One of the advantages of putting out music in 2018 is that we can do it quickly and on our own schedule,” Krasno says. “We made this record top to bottom in two days and put it out about a month later, while it’s still fresh from being created.”“We didn’t have to talk about anything,” Alan says. “It all unfolded as we were working on it; one song influences the direction of the next, and soon you find yourself going down this path. We want this music to take people on a little journey.”Despite the forthcoming release, Soulive hasn’t announced any new tour dates. As of press time, the band is scheduled to perform at the Ardmore Music Hall outside of Philadelphia on March 2nd and 3rd before heading to London for a show at The Jazz Cafe on March 6th.[Photo: Andrew Scott Blackstein]last_img read more

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Restart sets stage for Stanford’s late-race heroics at Pat Pettit Memorial

first_imgWATSONVILLE, Calif. (Oct. 2-3) – A restart with two laps left set the stage for Alex Stanford’s late-race heroics Saturday at Ocean Speedway.Stanford drove by Friday winner Bobby Hogge IV to capture the $3,003 Xtreme Motor Sports IMCA Modified checkers on night two of the Pat Pettit Memorial.A spot on the ballot for the 2016 Fast Shafts All-Star Invitational accompanied the big check.Stanford led the first four laps from the pole before Hogge came from second row start to take lead. Passing continued through mid-pack and the light stayed green until fourth running Andy Obertello brought out the caution with a couple laps to go.Stanford outgunned Hogge for the lead on the restart and paced the pack for the win ahead of Hogge, Ryan Porter, Kellen Chadwick and Paul Stone.Chadwick had drawn the Friday pole spot and took the immediate lead over Brian Cass and Hogge. He led the first 16 laps before Hogge led a pair. Chadwick was scored first again on lap 19 before Hogge took over for good.That win paid $2,003; Hogge was already an All-Star Invitational candidate.Friday night Karl Chevrolet Northern SportMod victor Rick Diaz led the first nine laps of the Satur­day feature from the pole with fifth starting Nick Spainhoward quickly into second. A lap 10 restart saw Spainhoward grab the lead for the next 10 laps.A quick yellow for a slowing car changed the whole complexion of the event as multiple contacts between the top duo resulting in Spainhoward going to the rear for causing the yellow.The final pair of laps saw Diaz leading challenger Cale Kanke on the restart. Lurking in third was Fred Ryland who returned from a heat race crash to start 20th. Leading only the final lap, Ryland grabbed the $1,003 top prize to win over Diaz, Kanke and Matthew Hagio.Diaz paced the field after Wayne Dotson’s flip red-flagged the Friday feature. He took the $503 win ahead of Jeremy Hoff, Spainhoward and Ryland.Oct. 2 Feature ResultsModifieds – 1. Bobby Hogge IV; 2. Kellen Chadwick; 3. Brian Cass; 4. Jim Pettit II; 5. Andy Ober­tello; 6. Paul Stone; 7. Alex Stanford; 8. Ryan McDaniel; 9. Brad Pounds; 10. Darrell Hughes II; 11. Tim Balding; 12. Nick DeCarlo; 13. Kyle Wilson; 14. Troy Foulger; 15. James Alaga; 16. Randy McDaniel; 17. Aaron Crowell; 18. Jeff Decker; 19. Ethan Dotson; 20. Jimmy Reeves; 21. Stephen Hopf; 22. Cody Burke.Northern SportMods – 1. Rick Diaz; 2. Jeremy Hoff; 3. Nick Spainhoward; 4. Fred Ryland; 5. Mike Drake; 6. Mark Odgers; 7. Chris Falkenberg; 8. Cale Kanke; 9. Anthony Giuliani; 10. Trevor Clymens; 11. Nick Tucker; 12. Shawn Bryant; 13. Matthew Hagio; 14. Al Sotomayor; 15. Jack Hurley; 16. Josh Hensley; 17. Dwayne Short; 18. Wayne Dotson; 19. Al JohnsonOct. 3 Feature ResultsModifieds – 1. Stanford; 2. Hogge; 3. Ryan Porter; 4. Chadwick; 5. Stone; 6. Ryan McDaniel; 7. Balding; 8. Cody Burke; 9. Pounds; 10. Decker; 11. Foulger; 12. Hughes; 13. Kyle Wilson; 14. Alex Wilson; 15. Randy McDaniel; 16. Todd Hermosillo; 17. Austin Burke; 18. Kenny Nott; 19. Crowell; 20. Obertello; 21. Pettit; 22. Cass; 23. Salazar.Northern SportMods – 1. Ryland; 2. Diaz; 3. Kanke; 4. Hagio; 5. Odgers; 6. Paul Espino; 7. Clymens; 8. Drake; 9. Steve Stone; 10. Falkenberg; 11. Giuliani; 12. Tucker; 13. Hensley; 14. Sotomayor; 15. Spainhoward; 16. Tim Elias; 17. Darren Thomas; 18. Hoff; 19. Hurley; 20. Short; 21. Johnson; 22. Bryant.last_img read more

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One Firefighter Injured During Friday Morning’s House Fire

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisWe now have an update on the 8th Street fire that happened on Friday morning. According to Alpena Fire Department Captain Rob Edmonds.One firefighter received minor injuries while on the scene at Friday’s fire after falling through the floor to the basement of the house, no other injuries were reported.The house fire happened on 8th Avenue around 2am Friday morning. A passing police patrol car noticed smoke coming from a home on the corner of 8th and Tawas Street in Alpena.Officials believe that the fire had been burning for some time before the police patrol car noticed it.Firefighters arrived on scene minutes later, and spent 7 hours battling flames. Fire Chief Bill Forbush said the home was for sale, and that no one was inside when the house caught fire.City firefighters along with the Alpena Police Department, the Alpena Township Fire Department, the Alpena Power Company, and the Salvation Army were all on site at Friday’s fire.As to what cause the fire, that information is still under investigation.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: 8th Street Fire, Alpena Fire Department, breaking news, City of Alpena Fire DepartmentContinue ReadingPrevious Representative Bergman Confronts ProtestersNext National Children’s Dental Health Month: Northeast Michigan Facing Gaps in Dental Healthlast_img read more

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Griffin Canning endures worst start of young career in Angels’ loss

first_imgIn the second, he got into a bases-loaded jam with no outs, and actually did well to escape with just one run scoring. Kole Calhoun made a diving catch and then Canning struck out the next two hitters.Canning allowed three straight hitters to reach with two outs in the third, including a Nomar Mazara two-run double. In the third, he hung a changeup that Rougned Odor blasted for a two-run homer, putting the Angels down 5-2.Canning stuck around long enough to give up one more run before departing.Besides the poor results, Canning also lost some velocity on his fastball in his final inning. Canning said he wasn’t fatigued or injured. It seemed that he and Manager Brad Ausmus were willing to write it off as just a bad night.“If Griff is on his game, you wouldn’t see runs being put up like that,” Ausmus said. It was the first of his 12 big league starts in which he didn’t finish the fourth, and the first time he allowed more than four runs.“I just was working behind,” Canning said. “It’s kind of the story of what I’ve been doing all year. Just falling behind guys, and then I have to come in the zone. I think if I’m able just to work ahead, that’s usually when I throw well.”Canning had a lead before he threw his first pitch, thanks to Mike Trout’s first-inning homer, which was his 25th homer of the season. It was also Trout’s ninth homer this season against the Rangers, which tied the franchise record for homers against one team in a single season. The Angels have six games left against Texas.Trout had a chance to get the Angels back into the game in the seventh, when he came up with two on a four-run deficit. He hit a flyout to center field. Shohei Ohtani then hit a flyout to right.By the time the Angels batted again, Odor had put the game out of reach with a 471-foot, three-run homer on a 100-mph fastball from Luis García.That would send the Angels out of town with a lopsided loss, although still having won two of three against the Rangers in the wake of the stunning loss of Tyler Skaggs.“Coming here, taking two out of three from a pretty good team that is second in the division, under the circumstances, I think is a victory,” Lucroy said. “I tell the boys, you win two out of three the rest of the year, you win the World Series. Do the math on it. It’s true.“The circumstances have been really tough, but the guys haven’t made any excuses. We’ve played hard, played to win. That’s what Skaggsy would have wanted, and I don’t think he would have liked it too much if we were in here feeling sorry for ourselves. He wants us to battle and fight. We had a tough one tonight. We’re not gonna win them all. But I’m happy with the first two games of the series.” Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img ARLINGTON, Texas — Griffin Canning, who has been the Angels best starting pitcher to date this season, endured the worst start of his young big league career.Canning gave up six runs and didn’t make it out of the fourth inning in the Angels’ 9-3 loss to the Texas Rangers on Thursday night.“He wasn’t throwing many strikes, like he usually does,” catcher Jonathan Lucroy said. “He wasn’t very sharp with his execution. That’s pretty much it.”Canning struck out the side in the first inning, but couldn’t make it through another clean inning.last_img read more

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