Cost Basis – After Hours http://after-hours.org/ Sun, 28 Nov 2021 00:17:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://after-hours.org/wp-content/uploads/2021/07/icon-1-150x150.png Cost Basis – After Hours http://after-hours.org/ 32 32 Bryce Canyon National Park changes its camping reservation system https://after-hours.org/bryce-canyon-national-park-changes-its-camping-reservation-system/ Sat, 27 Nov 2021 23:22:42 +0000 https://after-hours.org/bryce-canyon-national-park-changes-its-camping-reservation-system/ The two campsites in the park are swapping roles: the Sunset Campground will offer first-come, first-served campsites, while the North Campground will need to be reserved. (Rick Egan | The Salt Lake Tribune) A hiker stops for a photo at Bryce Canyon on Sunday, February 14, 2021. | November 27, 2021, 11:21 p.m. Reservations opened […]]]>

The two campsites in the park are swapping roles: the Sunset Campground will offer first-come, first-served campsites, while the North Campground will need to be reserved.

(Rick Egan | The Salt Lake Tribune) A hiker stops for a photo at Bryce Canyon on Sunday, February 14, 2021.

Reservations opened today for those wishing to camp in Bryce Canyon National Park next year. And visitors will notice some changes in the reservation system and park fees.

The Sunset Campground will offer campsites on a first come, first served basis from April 15 to October 31. The North Campground, which previously offered non-bookable sites, will instead switch to a reservation system from May 27 to October 1.

Park staff swapped reservation requirements between the two campgrounds after visitor reviews noted that the north campground is more accessible to RVs and has better cellphone reception for the campground. recording, according to a press release. The Sunset Campground group site will continue to require reservations from May 20 to October 15.

Campsites can be booked on Recreation.gov on a rolling 6 month basis.

Tent sites cost $ 20 and RV sites cost $ 30, although the $ 5 dump station fee is now included in RV camping fees. Visitors who aren’t camping at the park’s two campgrounds can still use the dump station for $ 5.

And starting Jan. 1, those wishing to camp in the backcountry will have to pay $ 10 for a permit on top of the flat fee of $ 5 per person.

Seniors and pass holders are entitled to a 50% discount on camping fees.

To learn more about camping in Bryce Canyon National Park, visit nps.gov/brca/planyourvisit/campgrounds.htm or call the park information line at (435) 834-5322.


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Historic drought cost region over $ 1 billion https://after-hours.org/historic-drought-cost-region-over-1-billion/ Wed, 24 Nov 2021 16:38:15 +0000 https://after-hours.org/historic-drought-cost-region-over-1-billion/ Dr. John Martinez, Professor of Economics, and Dr. Robert Forrester, Professor of Finance, MSU Texas For three and a half years, from the fourth quarter of 2011 to the first quarter of 2015, a dark veil of uncertainty hung over Wichita Falls and the surrounding communities. This is due to unique environmental circumstances enveloping the […]]]>

Dr. John Martinez, Professor of Economics, and Dr. Robert Forrester, Professor of Finance, MSU Texas

For three and a half years, from the fourth quarter of 2011 to the first quarter of 2015, a dark veil of uncertainty hung over Wichita Falls and the surrounding communities. This is due to unique environmental circumstances enveloping the region – the Great Drought! This period (2011Q4-2015Q1), which we call the “Great Drought” had devastating consequences for the region.

Over a billion dollars lost

Based on our econometric analysis, the economic cost of the drought to the region was $ 876 million in lost revenue over the three-year period, 2012-2014. For each of these three years, the water capacity levels were below 45%. Levels in the fourth quarter of 2011 and the first quarter of 2015 were also well below average. Adding a semester – the fourth quarter of 2011 and the first quarter of 2015 – to the analysis pushes the overall cost for the three and a half years to just over $ 1 billion.


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The cost of Thanksgiving for subway shelters https://after-hours.org/the-cost-of-thanksgiving-for-subway-shelters/ Mon, 22 Nov 2021 23:19:00 +0000 https://after-hours.org/the-cost-of-thanksgiving-for-subway-shelters/ The American Farm Bureau says turkeys cost about $ 1.50 more than last year. It’s a sign of inflation and the strained supply chain has strained at dinner tables. Shelters for the homeless bear the cost and availability of the Thanksgiving staple on the subway. People wait up to two hours in line to get […]]]>

The American Farm Bureau says turkeys cost about $ 1.50 more than last year. It’s a sign of inflation and the strained supply chain has strained at dinner tables. Shelters for the homeless bear the cost and availability of the Thanksgiving staple on the subway. People wait up to two hours in line to get ham or turkey, as well as with fixings, on Open Door Mission’s Turkey-N-Fixings program. President and CEO Candace Gregory said the mission has been purchasing food from food banks since the vacation program began 27 years ago. Turkeys are hard to find this year. “Unfortunately, they don’t have everything we need on a regular basis, so we have to put out an offer,” said Gregory. “And not just the turkey.” The Farm Bureau’s Thanksgiving 2021 survey reports that consumers will spend $ 1.50 more on a 16-pound turkey compared to last year. Other foods that are more expensive this year include pie crusts, stuffing bags, and rolls. It all adds up for the shelters that serve hundreds of them. “Having to buy the food that goes into all the meals we cook and provide, our budget just can’t handle that,” said Tim Sully, spokesperson for Siena Francis House. Donated turkeys make a difference for Siena Francis House, who cooks turkeys every holiday. Across the river in Council Bluffs, the MICAH house is not receiving as many donations this year. A spokesperson says they typically weigh around 100 pounds. for Thanksgiving. The Open Door Mission said it pays for food from sources other than food banks. “We’re trying to be good stewards and stretch our dollars,” Gregory said. Mission: The President and CEO is asking for volunteers to help with Open Door Mission. Two hours per month will reduce the wait time for the holiday trip and help the mission.

The American Farm Bureau says turkeys cost about $ 1.50 more than last year. It’s a sign of inflation and the strained supply chain at the table.

Homeless shelters bear the cost and availability of the Thanksgiving staple on the subway.

People wait up to two hours in line to get ham or turkey, along with fixings, from Open Door Mission’s Turkey-N-Fixings program.

President and CEO Candace Gregory said the mission has been purchasing food from food banks since the holiday program began 27 years ago. Turkeys are hard to find this year.

“Unfortunately, they don’t have everything we need on a regular basis, so we have to put out an offer,” said Gregory. “And not just the turkey.”

The Farm Bureau’s Thanksgiving 2021 survey reports that consumers will spend $ 1.50 more on a 16-pound turkey compared to last year. Other foods that are more expensive this year include pie crusts, stuffing bags, and rolls.

It all adds up for shelters serving hundreds.

“Having to buy the food that goes into all the meals we prepare and provide, there’s no way our budget can support that,” said Tim Sully, spokesperson for Siena Francis House.

Donated turkeys make a difference for Siena Francis House, who cooks turkeys every holiday. Across the river in Council Bluffs, the MICAH house is not receiving as many donations this year. A spokesperson says they typically weigh around 100 pounds. for Thanksgiving.

Open Door Mission said it was paying for food from sources other than food banks.

“We’re trying to be good stewards and stretch our dollars,” Gregory said.

It is a financial setback that will manifest itself months later for the mission.

The President and CEO is asking for volunteers to help with Open Door Mission. Two hours per month will reduce the wait time for the holiday trip and help the mission.


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India to build ships for the world soon: Rajnath Singh after INS Visakhapatnam goes into service | Latest India News https://after-hours.org/india-to-build-ships-for-the-world-soon-rajnath-singh-after-ins-visakhapatnam-goes-into-service-latest-india-news/ Sun, 21 Nov 2021 07:12:23 +0000 https://after-hours.org/india-to-build-ships-for-the-world-soon-rajnath-singh-after-ins-visakhapatnam-goes-into-service-latest-india-news/ Defense Minister Rajnath Singh said on Sunday that there was “no doubt” that India would build ships “not only for our own needs but also for the needs of the whole world” as he commanded the ‘INS Visakhapatnam in the Indian Navy. He added that the characteristics of the INS Visakhapatnam system will not only […]]]>

Defense Minister Rajnath Singh said on Sunday that there was “no doubt” that India would build ships “not only for our own needs but also for the needs of the whole world” as he commanded the ‘INS Visakhapatnam in the Indian Navy.

He added that the characteristics of the INS Visakhapatnam system will not only meet the needs of today, but also those of tomorrow. “Its commissioning reminds us of maritime might, shipbuilding skills and the glorious history of our ancient and medieval India,” Singh added.

Speaking at the rally after commissioning at the Mumbai shipyard, Singh said India envisions a rules-based Indo-Pacific region with freedom of navigation and universal rules, “in which the The interests of all participating countries are protected.

Singh noted that as India is an important nation in the “security” of the Indo-Pacific region, the role of the Indian Navy “becomes more important”.

Citing reports that by 2023, spending on global security will reach $ 2.1 trillion, the defense minister said India now has the “full opportunity” to make full use of its ” capacities ”and to make the nation“ an indigenous shipbuilding. hub.”

Singh praised the Indian Navy’s “constant efforts” to participate in several industry outreach programs and increase indigenous items in the “float”, “move” and “fight” categories. “It is important for us to maintain the momentum of the successes we have achieved so far,” added the Minister of Defense in his speech.

Read also | Indian Navy obtains first of four stealth guided destroyers built at Mazgaon Dock

With the help of Make in India initiatives, he pointed out, the Indian Navy provided 76% of Air Operations Net (AON) and 66% of cost-based contracts to the country’s suppliers in 2014. In Besides, the indigenization of about 90% percent of naval ammunition also occurred.

INS Visakhapatnam, one of four stealth guided missile destroyers in Project 15B, was manufactured locally by Mazagon Dock Shipbuilders and the government said it would significantly scale up its Make in India project.


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Pioneer Natural Resources Named High Dividend Stock with Insider Buys and Return of 1.38% (PXD) https://after-hours.org/pioneer-natural-resources-named-high-dividend-stock-with-insider-buys-and-return-of-1-38-pxd/ Fri, 19 Nov 2021 19:00:17 +0000 https://after-hours.org/pioneer-natural-resources-named-high-dividend-stock-with-insider-buys-and-return-of-1-38-pxd/ IIn this series, we look at the most recent Dividend Channel “DividendRank” report and then select only those companies that have been the subject of insider buying in the past six months. Executives and directors of a company tend to have a unique view of the insider business, and the only reason an insider would […]]]>

IIn this series, we look at the most recent Dividend Channel “DividendRank” report and then select only those companies that have been the subject of insider buying in the past six months. Executives and directors of a company tend to have a unique view of the insider business, and the only reason an insider would choose to take their hard-earned money and use it to buy stocks in the market is free is that he expects to make money – maybe they find the action very undervalued, or maybe they see exciting progress within the company , or maybe both. So when stocks come up that see insiders buying and are also top ranked, investors are advised to take note. One of these companies is Pioneer Natural Resources Co (symbol: PXD), which was bought by director Maria S. Dreyfus.

On November 8, Dreyfus invested $ 1,999,610.55 in 10,632 shares of PXD, at a cost per share of $ 188.07. In Friday’s trading, bargain hunters could buy shares of Pioneer Natural Resources Co (ticker: PXD) and achieve a base cost 7.5% cheaper than Dreyfus, with shares changing hands as low as $ 173.88 per share. Pioneer Natural Resources Co shares are currently trading at -1.60% on this day. The chart below shows the one-year performance of PXD shares, compared to its 200-day moving average:

Looking at the chart above, PXD’s low point in its 52 week range is $ 94.87 per share, with $ 196.64 as a 52 week high, compared with a last trade of 176.46 $. For comparison, here’s a table showing the prices at which insider buys were recorded in the past six months:

Purchased Initiated Title Actions Price / share Value
08/11/2021 Maria S. Dreyfus Director 10 632 $ 188.07 $ 1,999,610.55

The DividendRank report noted that among the hedging universe, PXD stocks displayed both attractive valuation metrics and solid profitability metrics. The report also cited Pioneer Natural Resources Co’s history of strong quarterly dividends and long-term favorable multi-year growth rates in key fundamental data points.

The report states: “Dividend investors who approach investing from a value perspective are generally more interested in finding the strongest, most profitable companies, which are also trading at an attractive valuation. This is what we seek to find by using our exclusive DividendRank formula, which ranks the hedging universe according to our various profitability and valuation criteria, to generate a list of the most “interesting” stocks, intended for investors. as a source of ideas that deserves further research. ”

The annualized dividend paid by Pioneer Natural Resources Co is $ 2.48 / share, currently paid in quarterly installments, and its most recent ex-dividend date was 12/30/2021. Below is a chart of PXD’s long-term dividend history, which the report highlighted as being of key importance. Indeed, studying a company’s past dividend history can be of great help in judging whether the most recent dividend is likely to continue.

PXD + Dividend + History + Graph

The best dividend-ranked stocks with insider buys »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Taxes aren’t the only reason Elon Musk sells Tesla shares https://after-hours.org/taxes-arent-the-only-reason-elon-musk-sells-tesla-shares/ Tue, 16 Nov 2021 11:00:01 +0000 https://after-hours.org/taxes-arent-the-only-reason-elon-musk-sells-tesla-shares/ SpaceX founder and Tesla CEO Elon Musk watches him visit the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany on May 17, 2021. Michèle Tantussi | Reuters Sales of Tesla shares by Elon Musk last week came as no surprise to those who have followed the story of his potential $ 10 billion […]]]>

SpaceX founder and Tesla CEO Elon Musk watches him visit the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany on May 17, 2021.

Michèle Tantussi | Reuters

Sales of Tesla shares by Elon Musk last week came as no surprise to those who have followed the story of his potential $ 10 billion to $ 15 billion tax bill on stock options granted in 2012. Yet , according to accountants, most of its sales do not. appear to be tax related – which could mean it will unload a lot more inventory than expected.

Options on Musk’s 23 million shares expire in August, which is also the deadline for the tax bill owed to California and the Internal Revenue Service. Musk began exercising the options on November 8. He exercised $ 2.5 billion of shares and sold $ 1.1 billion of those exercised options to pay taxes.

“The common shares were sold only to satisfy the reporting person’s withholding tax obligations related to the exercise of stock options,” says a footnote to his file with the Securities and Exchange Commission of November 8.

On November 9, however, its sales took a turn. Rather than selling on an option exercise, Musk began selling his existing shares. The accountants said it would be impractical for Musk to use those existing shares to pay tax on his options, as they result in a much higher tax bill.

Musk’s options are taxed as ordinary income because they are considered compensation. The combined federal and California rate could reach 54%. The strike price on the options is $ 6.24 per share, and Tesla’s share price on Monday was above $ 1,600 per share, so it would pay higher taxes – more than $ 10 billion on its gain over $ 20 billion.

Typically, executives sell exercised shares immediately after purchase to pay taxes, in what is known as a “cashless” exercise. Since the shares are sold immediately, no additional capital gains tax is due on the shares sold.

Since Musk’s sales from November 9 were direct stock sales with little to no cost, he would have to pay long-term capital gains taxes of up to $ 1.3 billion. . Using this proceeds to pay tax on options would be like paying tax twice – once on capital gains and once on options.

“From a tax perspective, it wouldn’t make sense for him to use this proceeds for the options tax,” said Toby Johnston, partner in charge of the Silicon Valley office of Moss Adams, a firm. accountancy, consulting and wealth management.

Musk admitted that common stocks are less tax efficient than selling option stocks. “A careful observer will note that my share sale rate (low base) greatly exceeds my 10b option exercise rate (high base), therefore closer to tax maximization than to minimization”, he tweeted on Sunday.

So why is Musk selling the stocks with no options given its relatively high tax cost? Tesla tax experts and analysts say he will still exercise the options before August because letting them expire would leave billions on the table, as well as additional ownership of the company, even after paying taxes. This means he still has billions in stock to exercise and billions to sell to pay taxes.

The $ 5.7 billion and all the extra no-option stocks he’s selling are direct withdrawals. Although he owes federal capital gains taxes on sales, he likely won’t have to pay state gains taxes because he is likely now a tax resident of Texas. The same rule does not apply to his option taxes, as these are considered employee benefits and earned while he was in California.

Accountants say the sales are likely not to charity, as he would have simply donated valued stock rather than selling and paying capital gains tax first. He could use the product for Space X, his private space company, or for another private company. Or he might just want to take money off the table after years of being high in stocks and poor in cash and borrowing against his stock price to fund his lifestyle. Federal taxes are also expected to rise next year, creating an additional incentive if he was already considering a withdrawal.

Whatever the reasons, Musk will likely end up selling way more than the $ 10 billion to $ 15 billion he needs for taxes. He conducted a Twitter poll on November 6 in which he asked his followers if he should sell 10% of his shares and said he would respect the results. In the vote, 58% of those who responded said it should sell 10% of its shares, which could represent more than $ 20 billion in total sales.

“For people at his level, taxes aren’t always the primary driver of investment decisions,” said Johnston. “It always feels like a piece of the puzzle is missing that we might not know.”


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How do I select a DRaaS solution for my business? https://after-hours.org/how-do-i-select-a-draas-solution-for-my-business/ Mon, 08 Nov 2021 06:00:00 +0000 https://after-hours.org/how-do-i-select-a-draas-solution-for-my-business/ It has become crucial these days, in addition to having all the necessary protections implemented in your system, to also have a disaster recovery plan ready in the event of an attack. A Disaster Recovery as a Service (DRaaS) solution is convenient because it is managed by the service provider. Securing and protecting all data […]]]>

It has become crucial these days, in addition to having all the necessary protections implemented in your system, to also have a disaster recovery plan ready in the event of an attack. A Disaster Recovery as a Service (DRaaS) solution is convenient because it is managed by the service provider.

Securing and protecting all data assets in a third-party cloud computing environment enables organizations to avoid downtime that could negatively affect businesses and their reputation.

To select the right DRaaS solution for your business, you need to consider a number of factors. We spoke to several industry professionals to get their perspective on the subject.

Markus Bauer, Senior Technology Evangelist, Acronis

select the DRaaS solutionWhether your organization is a small business or a large global enterprise, the loss of critical data can cause tremendous damage. Today, every business depends on IT and data. Choosing the right disaster recovery software or service could mean the difference between success and failure if something were to happen.

There is no one-size-fits-all disaster recovery solution. Disaster recovery solutions are all different and there are certain aspects that should be taken into account to ensure that they are the best fit for your business and your needs. This includes things like destination options:

  • Local data center: With this, business-critical data is stored offsite in a physical location, but disaster recovery can take days or weeks. This is also the more expensive option as you also have to consider the “environmental” cost like power and cooling.
  • Cloud: Cloud-based disaster recovery is the most cost-effective, flexible and scalable option. Disaster recovery in the cloud enables an organization to keep entire environments ready, reducing recovery time from business disruption or failure to minutes or even seconds.
  • Hybrid: This option offers the highest degree of flexibility, reduces costs and meets all regulatory and compliance needs.

There are pros and cons for each, which is why it is so important to assess what is best for your business. Also, remember that backup is not disaster recovery.

Peter Groucutt, Managing Director, Databarracks

select the DRaaS solutionThe main question to answer if you are looking for a DRaaS solution is’ what does’ as a service ‘mean to me? ”

This can mean consuming the resources on a pay-as-you-go basis. Some DRaaS providers offer access to the technology on a pay-as-you-go basis, but leave the management and recovery to you.

It could also mean a fully managed service where your provider monitors the service to make sure you are still meeting your recovery service level agreements (SLAs). In the event of a claim, you call your supplier and they collect everything for you.

Self-service DRaaS inevitably costs less, but we believe there are times when it really pays to get expert help.

When your car breaks down you want a mechanic, when there is a medical emergency you want a paramedic. When you have a major IT disaster, you need disaster recovery experts who take care of recoveries every day.

If you have a ransomware attack, for example, there is a huge advantage in having someone take care of it who has already performed multiple recoveries.

Disaster recovery is ideal for outsourcing. It is repetitive, specialized and requires a pool of qualified experts to be called upon to intervene when necessary. You don’t have to rely on it often, but when you do, it just needs to be okay.

Radhesh Menon, CPO, Datto

select the DRaaS solutionConsidering the role the cloud plays in backup and recovery, especially DRaaS, the criteria of the cloud itself becomes a priority. Public vs private? With a public cloud, you need to be the administrator who covers everything from the initial definition to ensuring that the data is safe and secure. In addition to administrative overhead, there are compute costs associated with the cloud which can vary widely depending on storage and compute costs.

Specially designed private clouds can offer the benefit of providing all-in-one functionality, which means they can both serve as a backup repository and be used for DRaaS. Since the provider creates and maintains the private cloud, there is no administrative overhead, and when it comes to security, private clouds often include security features like multi-factor authentication, backup files immutable which cannot be corrupted or deleted by malware and many other security elements. layers that would be difficult to duplicate in a “build your own” public cloud scenario.

Last but not least, cost, where a private cloud solution is typically included as part of an all-in-one BCDR solution and has a predictable cost model, public cloud costs can be unpredictable and variable nature.

Rajiv Mirani, Technical Director, Nutanix

select the DRaaS solutionChoosing the right DRaaS solution can be a daunting task for IT teams, but when done right, it frees up resources for other business priorities. Selecting a solution that protects your data and applications while meeting compliance requirements, enabling infrastructure flexibility, reducing total cost of ownership, and performing uninterrupted disaster recovery testing is critical.

Compliance should be a priority for IT teams, which is why meeting SLAs for RPO and RTO is critical to minimize downtime and data loss. It’s also important to remember that needs can change as the business grows, so a solution must give organizations the flexibility to expand their disaster recovery and cloud footprint as their business needs grow.

Finally, while not specific to DRaaS, it is also crucial to select a DR solution that allows IT teams to properly and easily test their failover system without disrupting business operations. The alternative often results in companies sporadically testing their systems, leaving them unprepared for disaster and feeling less confident. Simple and consistent testing is essential to ensure business continuity and peace of mind.

W. Curtis Preston, Chief Technical Evangelist, Druva

select the DRaaS solutionWith massive amounts of data being generated every day, the impact of data loss from a ransomware attack, human error, or system failure can be crippling. A reliable DRaaS solution will make the difference between your business surviving or going out of business the moment a failure occurs. At the start of your search, start by evaluating the following criteria:

Air-gap by design: The only way to mitigate the risk of data loss is to use a solution that can offer a digital air gap. This will ensure that no one with access to your production environment will be able to delete or modify your backups as well. It will be essential to protect against ransomware.

Instant one-click recovery: Enabling disaster recovery should be possible with the click of a mouse. Ask your potential disaster recovery provider how long it will take between the time you report a disaster and the time the applications are up and running and users can log on.

Automated tests: It is important to know if your solution is correctly configured before you need to use it. The only way to do this is to do frequent testing. Choose a solution that offers automated testing – it won’t disrupt day-to-day operations and you don’t have to rely on IT staff to manually verify system configurations.

Chris Rogers, Technology Evangelist, Zerto

select the DRaaS solutionDisaster recovery (DR) is one of the most vital parts of any IT organization. Understanding the need for disaster recovery and being able to come up with an effective and robust strategy can seem far removed from each other. This is where DRaaS revolutionized this industry.

DRaaS enables organizations to become disaster recovery specialists overnight with the help of a service provider, and enables OPEX spending rather than having large CAPEX investments.

To consider:

SLA and metrics

Make sure that your choice of DRaaS provider can meet critical SLAs such as recovery point object and recovery time target. These will be critical in defining the success of a disaster recovery scenario and can mean the difference between a minor disruption and irreparable damage to a business.

Operating model

Choose an operating model that matches your needs. It could be a fully managed service, a self-managed offering, or somewhere in between. Understanding your organization’s requirements and potential gaps will help you evaluate different DRaaS offerings and find the one that fits your disaster recovery strategy perfectly.

Added value

Don’t assume it’s just for the worst case scenarios. See if you can use the service for additional use cases like patch testing, vulnerability scanning, or even burst capability. These additional ways of using the service will allow organizations to get the most out of the money they spend on DRaaS.

Ahsan Siddiqui, Director, Product Management, Arcserve

select the DRaaS solutionDRaaS is typically delivered on the basis of a Service Level Agreement (SLA) that allows you to choose the specific structure you need to meet the thresholds and requirements of your disaster recovery (DR) plan. This should include your recovery time goal (RTO) and recovery point goal (RPO).

Your DRaaS solution should allow you to customize your cloud storage to suit your needs, whether your IT environment is small and simple, or large and complex. You should be able to easily control your cloud settings and count on predictable monthly pricing.

It is also essential to ensure that your DRaaS provider can offer guaranteed uptime. Maximizing availability to nearly 100% requires a highly distributed, fault-tolerant disaster recovery cloud. This means you can be confident that your data will be there when you need it, and that you can scale quickly and easily as your needs grow.

An important feature to check when evaluating DRaaS is the ability to recover quickly and transparently; So, look for a one-click failover feature that lets you configure the sequence, order, and recovery time for each critical system, and gives you the option to start a scale-up failover (or test) process. of the site at the push of a button.


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Create a Safe and Anti-Inflation Portfolio with These 5 High Yield Dividend Stocks https://after-hours.org/create-a-safe-and-anti-inflation-portfolio-with-these-5-high-yield-dividend-stocks/ Sat, 30 Oct 2021 10:06:00 +0000 https://after-hours.org/create-a-safe-and-anti-inflation-portfolio-with-these-5-high-yield-dividend-stocks/ Ready or not, here’s inflation. While it is not known whether the rapid rise in the prices of goods and services will be temporary or lasting, it is quite difficult to ignore how quickly certain items are increasing in cost. According to the U.S. Bureau of Labor Statistics, 12-month unadjusted energy costs (ended September 30, […]]]>

Ready or not, here’s inflation. While it is not known whether the rapid rise in the prices of goods and services will be temporary or lasting, it is quite difficult to ignore how quickly certain items are increasing in cost.

According to the U.S. Bureau of Labor Statistics, 12-month unadjusted energy costs (ended September 30, 2021) increased nearly 25%, as used car and truck prices increased by more than 24%, based on changes in the consumer price index. for all urban consumers (CPI-U). Other key items, such as food and shelter, rose 4.6% and 3.2%, respectively.

The price increases we’ve seen in the CPI-U are about a 13-year high (5.4% for all items). In other words, if you have money in reserve, inflation quickly reduces your purchasing power.

Image source: Getty Images.

Perhaps the best way to fight rapidly rising inflation is to build a portfolio of safe, yet effective, high-yield dividend stocks that crush inflation. Companies that pay a dividend are often profitable on a recurring basis, and they have a proven track record of making their way through previous economic downturns.

The biggest dilemma for income investors is simply choosing which dividend-paying stocks to buy. This is because stocks with a high dividend (yield of 4% or more) carry additional risks. Since return is a function of payout versus stock price, a struggling company with a falling stock price might be nothing more than a return trap for investors.

But that’s not the case with the following five high-dividend stocks. These companies have an average return of almost 8.5% and can collectively help investors easily and safely exceed the prevailing rate of inflation.

Two businessmen shaking hands, one holding a miniature house in the left hand.

Image source: Getty Images.

Annaly Capital Management (10.13% yield) and AGNC Investment Corp. (yield 8.72%)

The first ultra-high income stocks that investors can confidently add to their portfolios to beat inflation are Annaly Capital management (NYSE: NLY) and AGNC Investment Corp. (NASDAQ: AGNC). I put these two companies together because they are both Mortgage Real Estate Investment Trusts (REITs) that operate in a very similar fashion.

Mortgage REITs like Annaly and AGNC pay great attention to interest rates. This is because they borrow money at lower short term rates and use that capital to acquire higher yielding long term assets, such as mortgage backed securities (MBS). The larger the spread between the average MBS yield minus the average borrowing rate – this spread is known as the net interest margin -, the more profitable these companies can be.

The interesting thing about Mortgage REITs is that they generally perform at their best during the early years of an economic recovery. Indeed, the steepening of the yield curve generally observed during a rebound after a recession helps to increase the net interest margin of Annaly and AGNC.

In addition, Annaly and AGNC almost exclusively buy agency securities. An agency asset is guaranteed by the federal government in the event of default. As you can imagine, this extra protection weighs on the returns these companies can expect to receive from the MBS they buy. However, it also allows them to use leverage to maximize their profit potential.

Historically, Annaly has averaged 10% returns over the past two decades, while AGNC has averaged double-digit returns for 11 of the past 12 years. Both are good bets to help income investors beat inflation.

A woman using the speakerphone function while talking outdoors on a smartphone.

Image source: Getty Images.

Mobile telesystems (10.83% efficiency)

It’s also easy to crush inflation when you own a stake in a company that analyzes a return of almost 11%! Russian telecom stocks Mobile telesystems (NYSE: MBT), better known as MTS, does not have a fixed dividend, but the company has averaged 10% for its annual return over the past six years.

The biggest catalyst over the next half decade for MTS is the steady deployment of 5G wireless infrastructure. It’s been about a decade since the last major upgrade to wireless download speeds, and Russian telecom operators have plenty of additional square kilometers to cover to reach national suburbs and rural communities. This ongoing 5G rollout is expected to encourage device upgrades and improve operating results for the company’s stable wireless segment.

Again, wireless growth tends to be modest at best. With wireless saturation rates already high in Russia, MTS has started to look to new verticals to drive growth.

For example, the company’s new revenue channels include MTS Bank, cloud services, and a pay TV segment. That non-core revenue increased 27% in the quarter ended June compared to the prior year period, with more people choosing more than one MTS service. In particular, cloud and digital solutions revenue grew 48% year-on-year, while the number of paid media subscribers increased by more than 100% to 3.2 million.

Once again, Mobile TeleSystems’ payment will change from year to year. But given the dynamics of its main and ancillary operations, a payout of around 10% may well be sustainable.

A small pyramid of tobacco cigarettes resting on a thin bed of cured tobacco.

Image source: Getty Images.

Philip Morris International (5.2% return)

The days of high-growth tobacco stocks are long gone. But even with the headwinds this industry has faced, giants like Philip Morris International (NYSE: PM) continue to deliver.

The first thing to understand about tobacco products is their pricing power. Even though adult smoking rates have declined in a number of developed markets as the dangers of long-term tobacco use have been revealed, Philip Morris hasn’t felt the twinge you’d expect. Indeed, a drop in cigarette shipments can be partially or totally offset by price increases. Philip Morris is the company behind premium Marlboro brand in markets outside of the United States, and it has had no problem driving higher prices on its main brand to increase sales.

Geographic diversity is another important selling point for Philip Morris International. As its full name suggests, it is present in more than 180 markets around the world. This means that it can compensate for tighter regulations in developed countries with strong potential for organic growth from the burgeoning middle classes in emerging markets.

And don’t overlook the company’s efforts beyond traditional tobacco products. Philip Morris’ IQOS heated tobacco system is developing like wildfire, although it is still in the early stages of global expansion. In the first nine months of 2021, nearly 70 billion units of heated tobacco were shipped, an increase of 28% from the period the previous year.

Philip Morris’ 5.2% return may be the bottom water point on this list, but it’s a rock solid gain.

Oil pipelines leading to numerous storage tanks.

Image source: Getty Images.

Enterprise Product Partners (7.42% return)

One final safe, high-yielding stock that can help investors crush inflation is the Master Limited Partnership. Enterprise Product Partners (NYSE: EPD). Enterprise Products pays a hearty 7.4% and overcomes a 22-year streak of increases in its annual base dividend.

In general, oil stocks are unlikely to rank too high among income investors following the historic decline in demand for crude oil suffered during the coronavirus pandemic. A number of upstream producers (ie drillers and explorers) have been hit by falling crude and natural gas prices.

However, Enterprise Products Partners is not a driller. It is a mid-size company that can store 14 billion cubic feet of natural gas, owns approximately 50,000 miles of pipelines, and also operates 19 natural gas processing facilities. While uncontrolled fluctuations in crude oil and natural gas prices can wreak havoc on upstream producers, the structure of Enterprise Products Partners’ transportation and storage contracts ensures stable cash flow.

Moreover, at no time during the pandemic has that company’s dividend been even remotely in danger of being cut. Its distribution coverage ratio, which describes the ratio of total operating cash flow to distributed cash flow, has never fallen below 1.6. Anything less than 1 would imply an unsustainable payout.

With crude oil and natural gas booming in 2021, Enterprise Products Partners’ dividend looks incredibly secure.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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3 best tech stocks to buy in October https://after-hours.org/3-best-tech-stocks-to-buy-in-october/ Tue, 26 Oct 2021 10:30:00 +0000 https://after-hours.org/3-best-tech-stocks-to-buy-in-october/ Unless this is your first visit to The Motley Fool, you’ve probably seen articles that discuss the importance of long-term investing. This is because a buy and hold strategy mitigates the impact of short-term market volatility and leaves enough time for your investment thesis to come to fruition. But there is another important part of […]]]>

Unless this is your first visit to The Motley Fool, you’ve probably seen articles that discuss the importance of long-term investing. This is because a buy and hold strategy mitigates the impact of short-term market volatility and leaves enough time for your investment thesis to come to fruition.

But there is another important part of the equation: the average cost in dollars. Generally speaking, it makes sense to build up positions slowly and invest money regularly. This helps to further minimize the impact of short-term market volatility on your total returns.

With that in mind, we asked three Motley Fool contributors to pick their best tech stocks to buy in October. Read on to see why Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB), and PayPal funds (NASDAQ: PYPL) made the list.

Image source: Apple.

The gold standard of consumer electronics

Trevor Jennevine (Apple): Apple has established itself as one of the world’s leading brands. It is the second largest smartphone maker, with a 15% market share in the second quarter, up from 12% in the previous quarter. And it enjoys a leading position in tablets and smartwatches. But Apple is more than shiny hardware.

Last year, the company introduced its bespoke M1 chip, bringing longer battery life and better performance to its MacBooks and iPads. Since then, the company has released the M1 Pro and M1 Max, both of which offer even more computing power. Sure, Apple has been designing its iPhone chips for some time, but its foray into laptop processors could be a growth driver for two reasons.

First, who doesn’t want more computing power? Apple’s silicon creates a better experience for users, which could help the company sell more devices and expand its ecosystem. Second, these internal chips actually cut Apple’s spending by $ 75 per unit, according to JP Morgan analyst Samik Chatterjee. In turn, this should lead to an increase in the hardware gross margin over time (or allow a selling price to be lower than the same gross margin).

Building on this idea, Apple has expanded its service offering in recent years, and the line now includes subscription products like Apple TV +, Apple News +, and Apple Fitness +, along with other services like Apple Pay and the App Store. This business segment posted a gross margin of nearly 70% in the last quarter, well above its gross margin of 36% on hardware products. In other words, as services become a bigger part of its business, Apple is expected to become more profitable.

Finally, shareholders recently received some good news. In April 2021, Apple made changes to the privacy of its iPhones, making it more difficult for advertisers to collect data and target users. The company touted the move as a way to protect consumers, but it has also tripled Apple’s market share in the past six months. Specifically, Apple’s Search Ads business – which features sponsored placements above App Store search results – is now responsible for 58% of iPhone app downloads, up from 17% last year. .

Here’s the gist: Despite its $ 2.5 trillion market capitalization, Apple is the gold standard in many areas of the consumer electronics industry and the company still has growth levers to pull. With the holiday season on the horizon, this tech move looks like a smart buy right now.

A chance to capitalize on the fear factor

Jeremy Bowman (Facebook): It’s been a tough month for Facebook. The social media giant was first hit by a blackout that took Facebook, Instagram and WhatsApp from the Internet for several hours, and then by the testimony of whistleblower Frances Haugen, who accused the company of acting in the interest in profits rather than people.

As a result, the stock is down more than 10% from its September high. While Facebook may face some consequences of Haugen’s testimony, potentially in the form of increased surveillance and regulation, this will likely apply to the entire social media industry as well, meaning that the he company will not lose ground compared to its competitors. Additionally, Facebook is heading towards its third quarter earnings report, and the company looks set to deliver another round of solid results. It overtook the Stop Hate for Profit boycott last July, which is expected to boost its growth rate, and its advertising business is benefiting from the economic reopening as restaurants and physical retailers eager to restart their businesses. .

Facebook has steadily crushed analyst estimates over the past few quarters, and it looks set to do the same this time around, as analyst consensus calls for an increase in earnings per share of just 17% to $ 3.17. Management had warned that Apple’s new ad tracking policies were impacting its ad performance, but given the other favorable winds blowing in the company’s favor, that appears to be a low estimate.

Meanwhile, the stock looks cheap with a price-to-earnings ratio of less than 25 considering its large growth in digital advertising, Facebook’s move towards ecommerce, and the potential for the metaverse as the company invests. aggressively in virtual reality and augmented reality. After the recent massive sell-off, now seems like the right time to take advantage and buy this top tech title.

Young adults communicating with smart phones.

Image source: Getty Images.

A good friend in the fintech sphere

Eric Volkman (PayPal Holdings): In recent days, PayPal Holdings has not been a popular action. Investors fear that his apparent pursuit of Pinterest is going to translate into a monster deal – supposedly around $ 45 billion – that will be hard to swallow for the next-gen fintech company.

The resulting fall in the PayPal share price offers a great opportunity to buy shares at a discount, especially as the holiday season approaches (which will certainly generate a significant number of trades). The company is already doing incredibly well in its core business, and it is evolving into a larger financial services provider with multiple revenue streams.

PayPal is already a huge presence in digital payments. The platform it operates powers many of the business transactions we do online. It’s also a strong presence in the peer-to-peer payments arena, thanks to its hugely popular Venmo mobile app.

A lot of payments go through the PayPal system, and the waters are rising. Total payment volume grew 40% year-over-year in the largest quarter, reaching $ 311 billion. In addition, new users are making their way into the company; PayPal added more than 11 million new net asset accounts in the last quarter, bringing the total to over 400 million for the first time in its history.

This dynamic helped propel net sales 17% higher and increase net income by 8%. And the business is quite profitable, with a net profit margin of 19% in the last quarter.

In addition, PayPal is working to expand its ecosystem of financial services. For example, it is expanding its buy now, pay later service by rolling it out to international markets like Australia and Germany. And another much-requested service, cryptocurrency trading, was launched on Venmo not too long ago.

The potential deal with Pinterest is making investors shy. It is not justified. Even if this admittedly expensive acquisition materializes, Pinterest’s products and PayPal’s payment system complement each other well. And with the social media aspects of Pinterest, PayPal is gaining an edge in this universe that can increase merchandise sales and payment volume.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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RLNG storage: Petroleum Div. asked to explore possibilities https://after-hours.org/rlng-storage-petroleum-div-asked-to-explore-possibilities/ Mon, 25 Oct 2021 01:02:44 +0000 https://after-hours.org/rlng-storage-petroleum-div-asked-to-explore-possibilities/ ISLAMABAD: Cabinet Committee on Energy (CCoE) asked Petroleum Division to explore possibilities of establishing RLNG storage to address system imbalances between demand and supply and to submit viable recommendations for review, official sources said Business recorder. The committee headed by the Minister of Planning, Development and Special Initiatives, Asad Umar, provided this guidance at a […]]]>

ISLAMABAD: Cabinet Committee on Energy (CCoE) asked Petroleum Division to explore possibilities of establishing RLNG storage to address system imbalances between demand and supply and to submit viable recommendations for review, official sources said Business recorder.

The committee headed by the Minister of Planning, Development and Special Initiatives, Asad Umar, provided this guidance at a recent meeting on a proposal from the Energy Division titled “Policy Guidance for Power Plant Operation RLNG by merit “under specific conditions.

NEPRA and National Power Control Center (NPCC) / System Operator (SO) officials were seen locking horns during FCA’s monthly Economic Merit Order Deviation (EMO) hearing. ) with, on occasion, the regulator denying costs incurred due to the operation of expensive power plants. According to Power Division, NPCC as a System Operator (SO) distributes the available power plants in accordance with the Grid Code approved by NEPRA.

In this process (economic allocation), the main responsibility of SO is to achieve “the lowest cost while ensuring system integrity, safety, reliability and quality of supply.” The order of merit is a ranking of thermal power plants based on the increasing order of specific costs (fuel cost + variable O&M) per thermal power plant unit / unit.

Plan of new LNG terminals in limbo

The ranking of orders on merit is a variable in the economic allocation process, while other factors that must be considered by the SO in the economic allocation include plant availability, fuel availability, system, take-out or pay-out fuel contracts, starts / stops, ramp-up rates, stability reserves etc. “

In accordance with the Grid Code, operation of production facilities strictly in accordance with the Order of Merit is desired under normal system conditions and, where applicable, subject to certain specific factors, a deviation from the Order of Merit is authorized.

The electricity sector is a major player in the RLNG supply chain and any disruption of RLNG supply / demand affects the economical distribution of electricity and high line pack issues in the system. gas transport. In cases where the supply of LNG is lower than the firm demand for LNG, the price of the electricity basket becomes higher than it would be if the supply were in line with demand.

On the other hand, the basket price is also affected when these plants have to be shipped in order of merit to address the RLNG over-supply problems of the gas supply companies. The decline in the RLNG supply also induces operational constraints and system stability problems for the system operator.

The sources said the existing Take-or-Pay contractual agreement for 3 RLNG-based power plants specifies the minimum fuel off-take requirement of 66% on an annual basis, as set out in the annual production plan. (APP). RLNG withdrawals below the firm requirement of 66% invoke financial responsibility on the electricity sector, in the form of NPD (Net Proceed Differential) due to the diversion of RLNG to other sectors.

Likewise, non-compliance with firm RLNG orders by SNGPL results in the invoicing of damages (CD) to SNGPL for non-supply of RLNGs committed to the electricity sector and leads to commercial disputes between the public entities of the Energy and Petroleum divisions. On September 18, 2020, a waiver was approved regarding the 66% minimum take-up or payment commitment under the GSA PPA (s) with effect from January 2022, with corresponding instruction to the respective parties to initiate changes. in the respective agreements.

As a result, the principles for amendments in the PPAs and GSAs of three RLNG-based power plants were approved by the Economic Coordination Committee (ECC) on April 14, 2021.

The approved changes to the PPA for three RLNG-based government power plants (GPP) recognize the concept of a monthly production plan (MPP) as binding on the purchaser of electricity. The MPP specifies the firm request for RLNG, 80 days in advance, before the start of the respective month. A monthly levy lower than the given MPP will invoke financial liabilities on the electricity sector in the form of NPD and similarly, non-compliance with firm RLNG orders by SNGPL will result in the change from LDS to SNGPL by electricity sector.

According to the Energy Division, demand for RLNG, forecast by NPCC’s Annual Production Plan (APP) through CY-2021 and MPP based on the 80-day forecast from CY-2022, which is considered a firm request under existing and proposed contractual agreements. , is subject to a multi-variable / multi-constraint optimization problem due to the dynamic nature of the electrical system.

Power Division argued that despite best efforts, any subsequent variation of the assumed variables / constraints would and lead to a decrease in the levy of RLNG by the power sector, forcing the payment of NPD. At the same time, the decline in RLNG withdrawals would continue to lead to an increase in the number of pipes in the SNGPL pipeline transmission network, which would increase the risk of disruption of the gas transmission system. In this situation, SNGPL insists that the NPCC and the power plants respect the hourly flow limit to regulate the pressure of its line and mitigate its risks.

Therefore, such constraints result in uneconomical operation of RLNG plants while reducing the output of other cheaper power plants. After explaining the current scenario, the Energy Division submitted the following for consideration and approval by the Cabinet CCoE: (i) NPCC flexibility is allowed in the flow of RLNG on a daily, weekly and monthly basis for adjust unused RLNG due to dynamic electrical system. Accordingly, SNGPL will ensure the incorporation of flexible RLNG throughput requirements into its allocation of RLNG to the power sector, on a best effort basis.

This will allow an optimal use of resources at the lowest cost and will contribute to the reduction of the NPD in the electricity sector; and (ii) to protect the SNGPL pipeline network from damage, violation of the order of merit will be permitted due to operational system constraints leading to mandatory consumption of allocated RLNG.

Energy deficit: the CCoE must find a way out today

Power Division argued that such deviations can be addressed under one of the following options: (i) the cost of the deviation from the order of merit is passed on to other consumers in the gas sector (at the exclusion of the electricity sector). Accordingly, Power Division will claim the cost of this non-compliance on a monthly basis from SNGPL, which will be adjusted within 30 days of such claim. It may be advisable for OGRA to recognize the flow regulation requirement as a constraint of the operational system of the energy value chain and such a cost can be integrated accordingly; or (ii) the cost of deviation from the order of merit is passed on to consumers in the electricity sector.

The Energy division also recommended that NEPRA could be advised to recognize the requirement of flow regulation as a constraint of the operational system of the energy value chain and, therefore, the cost of such constraint should be allowed in the ‘monthly fuel load adjustment (FCA); or (iii) the cost of the deviation from the order of merit is passed on equally to other consumers in the gas and electricity sectors.

NEPRA and OGRA may be advised to recognize the flow regulation requirement as a constraint of the operational system of the energy value chain and, therefore, the cost of such constraint should be allowed. In addition, Power Division will claim the pro rata cost of this non-compliance on a monthly basis from NGPL, which will be adjusted within 30 days of such claim.

The Power Division also proposed that the cost of the uneconomical shipment of the RLNG plants by NPCC could be allowed to the extent of meeting the planned firm removal commitments (APP / MPP as applicable). Accordingly, Nepra can be informed that the corresponding cost of such a constraint will be allowed in the monthly FCA cost.

The sources said all relevant stakeholders agreed to the proposal except for Nepra, who maintained that according to the grid code, EMO must be tracked while giving the shipment to power plants. Nepra argues that, based on SO’s observations over time, it appears that the supply of RLNG is limited to other expensive factories, adding that the proposal to operate RLNG factories from EMO cannot not be supported.

After detailed discussion, the CCoE did not approve the proposals and asked the Power division to review its recommendations in consultation with stakeholders.

Copyright Business Recorder, 2021


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