Assertio: A Turnaround Where Almost Everything Just Changed

After years of losses and declining revenues, new management was brought in a year ago. As some of my readers know, I specialize in turnarounds. Good ones can be hard to find, and in a normal year I only find two to four. Stock prices can really jump when sentiment goes from negative to neutral or neutral to positive. When sentiment goes from negative to positive it can be explosive. I believe that is what is happening with Assertio (ASRT). Assertio was a stock left for dead after a disastrous acquisition of opioid NUCYNTA in 2015. This acquisition was unwound in 2017. The company today is much smaller, and unrecognizable from just two years ago. However, it is also generating strong cash flow and appears to be growing revenues.
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Assertio's Digital Strategy Looks To Be Paying Off

The company has successfully shedded its opioid businesses, $900M+ in debt and slashed well over half of its OpEx, increasing guidance three times in a year. Assertio (ASRT) has an interesting history (see SA contributor Edmund Ingham for a detailed description) as it was mostly involved in selling opioids, a business which it had to sell at a steep loss and with lawsuits following.
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Heritage Introduces the Rough Rider “Tactical Cowboy” Revolver

Heritage Manufacturing, Inc., producer of the classic-style Rough Rider series single-action revolvers, is excited to announce the latest iteration in its growing lineup of innovative handguns—the Rough Rider TC, or “Tactical Cowboy.”. As the name implies, the Rough Rider TC ingeniously blends traditional Old West single-action revolver styling...

‘Beyond excellent!’: Matric pupil wows SA with 100% mathematics pass

The world is full of possibilities for Takudzwanashe Sithole who is part of the 2021 matric class. The brilliant St. John’s College matriculant is one of the school’s high achievers and managed to pass with a whopping eight distinctions. Not only that but, he also managed to achieve an astonishing one hundred percent pass for maths.

Row between SA president, minister heads for showdown

South African President Cyril Ramaphosa and his Tourism Minister Lindiwe Sisulu are headed for a showdown after she publicly refuted his claim that she apologised for criticising the judiciary, an altercation that’s exacerbating long-standing tensions in the ruling party. Sisulu, who has made her presidential ambitions clear, drew criticism...

Outlook for the SA real estate market in 2022

PROPERTY NEWS - The SA Reserve Bank, like other central banks around the world, is obviously keen to maintain a balance between economic growth and inflation as the economy recovers from the damage done by the Covid-19 lockdowns and supply chain breaks, so some interest rate increases are on the cards this year, says Berry Everitt, CEO of the Chas Everitt International property group.

How to get 9 DAYS of holidays by taking just four days off work

Australians in need of a break could more than double the length of their upcoming holidays without draining their annual leave balance. The Today Show’s finance expert Effie Zahos revealed hardworking Australians can maximise their vacations by booking their annual leave around public holidays. ‘It’s the old trick of...

IND vs SA, 2nd ODI: Dinesh Karthik suggests changes he ‘definitely’ wants to see in India’s XI in remaining ODIs | Cricket News

Dinesh Karthik has made some suggestions for India’s XI for the second ODI against SA.©Twitter. The Indian team dropped points and passed the momentum to South Africa during the critical stages of the first ODI as they ended up losing by 31 points on Wednesday. With the series on the line, India, captain of KL Rahul, will be looking to put on a better show in all departments of the game, continuing in the ODI series. Despite the home side on the back foot with two first wickets, the Indian bowlers let go of the upper hand as skipper Temba Bavuma and Rassie van der Dussen scored their individual 50s to pull their team out of trouble and put them in a dominant position . The same happened during India’s batting as well, as the visiting team surrendered the wickets of Virat Kohli and Shikhar Dhawan.

AFL anti-vaxxer’s future in doubt

In October last year, the AFL announced that players and football staff at WA, SA and QLD clubs had to receive their first shot of an approved Covid-19 vaccine by Friday January 21, and their second by February 18. Stream every match of every round of the 2022 Toyota AFL...

SA minister defies president and denies apologising

South Africa’s Tourism Minister Lindiwe Sisulu has denied apologising to the president for her criticism of the judiciary. It came after the presidency said on Thursday that President Cyril Ramaphosa had met Ms Sisulu this week where she had apologised and retracted her “hurtful comments”. The statement...