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Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Discussing faith, business, personal finance, news (business and financial related), politics, and pretty much everything else.
Friday, June 22, 2018
Friday, April 20, 2018
Kroger Completes Sale of Convenience Store Business to EG Group
Press Release
CINCINNATI, OH - The Kroger Co. (NYSE: KR) announced today that it had completed the sale of its convenience store business unit to EG Group for $2.15 billion.
After-tax proceeds total $1.7 billion. $1.2 billion of the proceeds will be used to fund an accelerated share repurchase ("ASR") program.
"Throughout the sales process, we have been impressed with EG Group's professionalism, commitment to people, and understanding of the U.S. convenience retail market," said Mike Schlotman, Kroger's executive vice president and chief financial officer. "I can't stress enough how important to our success Kroger's convenience store management and associates have been, and we want to thank them for all of their contributions to our customers and our company."
Kroger announced in October 2017 its intention to explore strategic alternatives for its convenience store business, including a potential sale, in conjunction with Restock Kroger. In February, Kroger and EG Group announced a definitive agreement for the sale of Kroger's convenience store business unit to EG Group.
Kroger entered into an ASR agreement today with Goldman Sachs & Co. LLC. ("Goldman"), pursuant to which on April 24, 2018, Kroger will pay $1.2 billion to Goldman, who will make an initial delivery to Kroger of approximately 36.1 million Kroger common shares. The total number of shares that Kroger ultimately will receive under the ASR will be based generally on the average of the daily volume-weighted average prices of shares traded during the term of the agreement, subject to a collar provision that will establish minimum and maximum numbers of shares to be repurchased. The $1.2 billion ASR is an additional repurchase authorization approved by Kroger's Board of Directors, which is incremental to the $1 billion share repurchase program announced on March 15, 2018.
Kroger will use the balance of the after-tax proceeds to lower its net total debt to adjusted EBITDA ratio.
"Kroger is committed to creating shareholder value," said Mr. Schlotman. "We are returning a significant amount of capital to shareholders through a $1.2 billion accelerated share repurchase program authorized by our Board of Directors."
The Transition Services Agreement (TSA) Kroger has in place with EG Group will not have a material effect on the company's 2018 results, nor will it have any effect on Kroger's 2018 net earnings per diluted share guidance. The TSA covers a variety of services for varying lengths of time.
Included in the sale were 762 convenience stores, including 66 franchise operations, operating in 18 states and employing 11,000 associates under the following banner names: Turkey Hill, Loaf 'N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger's supermarket fuel centers and its Turkey Hill Dairy were not included in the sale. EG Group will establish their North American headquarters in Cincinnati, Ohio and continue to operate stores under their established banner names.
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
CINCINNATI, OH - The Kroger Co. (NYSE: KR) announced today that it had completed the sale of its convenience store business unit to EG Group for $2.15 billion.
After-tax proceeds total $1.7 billion. $1.2 billion of the proceeds will be used to fund an accelerated share repurchase ("ASR") program.
Kroger announced in October 2017 its intention to explore strategic alternatives for its convenience store business, including a potential sale, in conjunction with Restock Kroger. In February, Kroger and EG Group announced a definitive agreement for the sale of Kroger's convenience store business unit to EG Group.
Kroger entered into an ASR agreement today with Goldman Sachs & Co. LLC. ("Goldman"), pursuant to which on April 24, 2018, Kroger will pay $1.2 billion to Goldman, who will make an initial delivery to Kroger of approximately 36.1 million Kroger common shares. The total number of shares that Kroger ultimately will receive under the ASR will be based generally on the average of the daily volume-weighted average prices of shares traded during the term of the agreement, subject to a collar provision that will establish minimum and maximum numbers of shares to be repurchased. The $1.2 billion ASR is an additional repurchase authorization approved by Kroger's Board of Directors, which is incremental to the $1 billion share repurchase program announced on March 15, 2018.
Kroger will use the balance of the after-tax proceeds to lower its net total debt to adjusted EBITDA ratio.
"Kroger is committed to creating shareholder value," said Mr. Schlotman. "We are returning a significant amount of capital to shareholders through a $1.2 billion accelerated share repurchase program authorized by our Board of Directors."
The Transition Services Agreement (TSA) Kroger has in place with EG Group will not have a material effect on the company's 2018 results, nor will it have any effect on Kroger's 2018 net earnings per diluted share guidance. The TSA covers a variety of services for varying lengths of time.
Included in the sale were 762 convenience stores, including 66 franchise operations, operating in 18 states and employing 11,000 associates under the following banner names: Turkey Hill, Loaf 'N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger's supermarket fuel centers and its Turkey Hill Dairy were not included in the sale. EG Group will establish their North American headquarters in Cincinnati, Ohio and continue to operate stores under their established banner names.
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Wednesday, April 18, 2018
Thank You Alexia Thornton
Shout Out and Special Thanks
I would like to give a special shout out and say thanks to Alexia Thornton, TVizion. Thanks to here we were able to cut costs and you to can Get rid of your cable bill:
www.tvizion.com/member/17944
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
I would like to give a special shout out and say thanks to Alexia Thornton, TVizion. Thanks to here we were able to cut costs and you to can Get rid of your cable bill:
www.tvizion.com/member/17944
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Tuesday, April 17, 2018
Cutting the Cable Bill
Hey everyone, I want to thank you all for reading this blog. Really quick I would like to ask how would you like to
Get rid of your cable bill:
www.tvizion.com/member/17944
If you would then check out the above link.
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Monday, April 9, 2018
Kroger Announces Several Steps to Combat Opioid Abuse
PRNewswire
CINCINNATI, OH -- The Kroger Co. (NYSE: KR) Family of Pharmacies today announced it is taking several steps as part of a comprehensive commitment to help communities combat the nationwide opioid epidemic.
Kroger currently stocks naloxone, an opioid overdose-reversing drug, in its 2,300 pharmacies across 35 states and the District of Columbia with more than 1,900 of those locations dispensing naloxone without a prescription – making it easier for families, friends, caregivers and at-risk individuals to have the drug on hand if it is needed to save a life. The U.S. Surgeon General urges more Americans to carry the lifesaving medication that can reverse the effects of an opioid overdose.
We applaud the U.S. Surgeon General's Advisory
on Naloxone and Opioid Overdose, knowing the epidemic continues to
devastate communities across our country. A person loses their life from
an opioid overdose every 12.5 minutes," said Colleen Lindholz,
Kroger's president of pharmacy and The Little Clinic. "We know that
pharmacists are the most accessible health professionals to the public
and play a vital role in providing access to the life-saving drug
naloxone."
According to the U.S. Department of Health and Human Services, an estimated 2.1 million people in the U.S. struggle with an opioid-use disorder and rates of opioid overdose deaths are rapidly increasing.
Kroger today also announced plans to host drug take-back events at store locations across the country on April 28, in partnership with Cardinal Health and coinciding with the U.S. Drug Enforcement Administration's National Prescription Drug Take-Back Day.
Kroger is also partnering with EVERFI and Generation Rx to support drug prevention programs for high school students in certain markets.
"Every day in our stores and pharmacies, in large ways and small, Kroger is committed to being a part of the solution and helping people live healthier lives," added Ms. Lindholz.
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
CINCINNATI, OH -- The Kroger Co. (NYSE: KR) Family of Pharmacies today announced it is taking several steps as part of a comprehensive commitment to help communities combat the nationwide opioid epidemic.
Kroger currently stocks naloxone, an opioid overdose-reversing drug, in its 2,300 pharmacies across 35 states and the District of Columbia with more than 1,900 of those locations dispensing naloxone without a prescription – making it easier for families, friends, caregivers and at-risk individuals to have the drug on hand if it is needed to save a life. The U.S. Surgeon General urges more Americans to carry the lifesaving medication that can reverse the effects of an opioid overdose.
According to the U.S. Department of Health and Human Services, an estimated 2.1 million people in the U.S. struggle with an opioid-use disorder and rates of opioid overdose deaths are rapidly increasing.
Kroger today also announced plans to host drug take-back events at store locations across the country on April 28, in partnership with Cardinal Health and coinciding with the U.S. Drug Enforcement Administration's National Prescription Drug Take-Back Day.
Kroger is also partnering with EVERFI and Generation Rx to support drug prevention programs for high school students in certain markets.
"Every day in our stores and pharmacies, in large ways and small, Kroger is committed to being a part of the solution and helping people live healthier lives," added Ms. Lindholz.
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Wednesday, March 21, 2018
Austin Bomber is Dead
Kevin Surbaugh
I don't usually write about subjects like this. In fact, most of the articles on this blog, more recently, has been nothing more than sharing of press releases, however, having lived in Austin, TX, this was a subject of great interest to me.
When I first heard of the bombings, I had questions about things the national coverage was not answering. Things like where in Austin. To find those answers I had to go to the local news outlets. Media, that I still have bookmarked in my browser.
Those, according to an article after the third bombing in the Austin American-Statesman were:
March 20, 2018 - an unexploded bomb found at another southeast Austin FedEx location.
Then on March 21 as I was driving to my primary job, before 5 a.m., NPR reported that the bombing suspect was dead. At the time, details were sketchy. We really didn't know if the suspect was him or her. Since then, we have learned, according to the Texas Tribune, that the suspect was at a Round Rock area hotel and was
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
I don't usually write about subjects like this. In fact, most of the articles on this blog, more recently, has been nothing more than sharing of press releases, however, having lived in Austin, TX, this was a subject of great interest to me.
When I first heard of the bombings, I had questions about things the national coverage was not answering. Things like where in Austin. To find those answers I had to go to the local news outlets. Media, that I still have bookmarked in my browser.
Those, according to an article after the third bombing in the Austin American-Statesman were:
March 2, 2018 (6:55 a.m.) - Anthony Stephan House, 39, died after a package exploded at his house on March 2. In the package explosion on March 2, Austin police responded to a home in the 1100 block of Haverford Drive around 6:55 a.m.
March 12, 2018 (6:45 a.m.) - a teenager who was killed in a package explosion around 6:45 a.m. Monday in the 4800 block of Oldfort Hill Drive.
March 12, 2018 (11:49 a.m.) - Medics were sent out to the 6700 block of Galindo Street, near Montopolis and East Riverside drives in Southeast Austin at 11:49 a.m., EMS said.When my wife and I were in Texas, we actually looked at homes in the Montopolis neighborhood.
March 19, 2018 (8:30 p.m.) - First responders called to the Travis Country neighborhood in southwest Austin where a bomb exploded near the street in the 4800 block of Dawn Song Drive, injuring two men in their 20s who were either riding or walking their bicycles. - KXAN TVMarch 20, 2018 - Bomb explodes at FedEx facility in Schertz, Texas
March 20, 2018 - an unexploded bomb found at another southeast Austin FedEx location.
Then on March 21 as I was driving to my primary job, before 5 a.m., NPR reported that the bombing suspect was dead. At the time, details were sketchy. We really didn't know if the suspect was him or her. Since then, we have learned, according to the Texas Tribune, that the suspect was at a Round Rock area hotel and was
According to the same article,Multiple reports have identified the man as 23-year-old Pflugerville resident Mark A. Conditt, though police hadn't confirmed that Wednesday afternoon.
Mark Anthony Conditt, Image via Facebook
The suspect's death came after authorities had been tracking him for about 24 hours, according to Texas Gov. Greg Abbott. Police said they tracked him to a hotel in Round Rock north of Austin before sunrise. As they waited for more officers to arrive, he drove away. Police followed, and the man drove into a ditch, where he detonated his own bomb and an officer shot at him.All the media reports indicate that we still don't know what his motive was.
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity(YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Thursday, March 15, 2018
Youngevity International Completes Acquisition of Vaviente
Press Release
SAN DIEGO, CA -
Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced the acquisition of ViaViente, distributors of The ViaViente Miracle, a highly-concentrated, energizing whole fruit puree blend that is rich in Anti-Oxidants and naturally-occurring vitamins and minerals.
ViaViente was introduced to the public in 2003 following years of research that included studies of mineral-rich waters whose source is found in the Andes Mountains and flow thru Vilcabamba, Ecuador, a region known for its high concentration of centenarians. In 2007 ViaViente became the first product in the market to receive the coveted Brunswick Labs ORAC Seal of Certification for its Anti-Oxidant content.
“ViaViente is a welcome addition to Youngevity’s family of products and embodies our philosophy that nutrition can change the way a person ages.” Stated Dave Briskie, President, and CFO of Youngevity International, Inc. “Over the last two quarters, as our international footprint has begun to take hold, we sought to acquire companies whose distribution would be accretive to the integration of this international expansion. Similar to our recent acquisition of Nature Direct in Australia, ViaViente certainly checked these and other boxes, since more than seventy-five percent of their recent distribution is to Japan We feel very fortunate to be able to incorporate ViaViente’s products into Youngevity at this time and believe this acquisition to be an important strategic piece of our overall plan of expanding Youngevity’s distribution internationally.”
Viaviente issued the following statement:
“For over 20 years, our management team has known the Youngevity founders and executives, Dr. Joel, Steve and Michelle Wallach, and have seen Youngevity grow as a company over those years. We believe Youngevity has the talent base and operational know-how, combined with technology to lead our distributors to higher levels across more countries. The ViaViente management team looks forward to a very bright future as a result of becoming part of Youngevity International.”
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
SAN DIEGO, CA -
Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced the acquisition of ViaViente, distributors of The ViaViente Miracle, a highly-concentrated, energizing whole fruit puree blend that is rich in Anti-Oxidants and naturally-occurring vitamins and minerals.
ViaViente was introduced to the public in 2003 following years of research that included studies of mineral-rich waters whose source is found in the Andes Mountains and flow thru Vilcabamba, Ecuador, a region known for its high concentration of centenarians. In 2007 ViaViente became the first product in the market to receive the coveted Brunswick Labs ORAC Seal of Certification for its Anti-Oxidant content.
“ViaViente is a welcome addition to Youngevity’s family of products and embodies our philosophy that nutrition can change the way a person ages.” Stated Dave Briskie, President, and CFO of Youngevity International, Inc. “Over the last two quarters, as our international footprint has begun to take hold, we sought to acquire companies whose distribution would be accretive to the integration of this international expansion. Similar to our recent acquisition of Nature Direct in Australia, ViaViente certainly checked these and other boxes, since more than seventy-five percent of their recent distribution is to Japan We feel very fortunate to be able to incorporate ViaViente’s products into Youngevity at this time and believe this acquisition to be an important strategic piece of our overall plan of expanding Youngevity’s distribution internationally.”
Viaviente issued the following statement:
“For over 20 years, our management team has known the Youngevity founders and executives, Dr. Joel, Steve and Michelle Wallach, and have seen Youngevity grow as a company over those years. We believe Youngevity has the talent base and operational know-how, combined with technology to lead our distributors to higher levels across more countries. The ViaViente management team looks forward to a very bright future as a result of becoming part of Youngevity International.”
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company. He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), Simon Property Group (SPG), WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
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