Greg Norman-designed short course opens at Mexican resort
Mandarina Golf Club, a Greg Norman-designed nine-hole short course, has opened at the resort and residential community Mandarina in Riviera Nayarit, Mexico. The course is set within the Flatlands, a 10-acre valley between the Sierra De Vallejo Mountains and the Pacific Ocean beach.
The new short course also features a bonus hole, and there is a comfort station between Nos. 5 and 6. Norman designed the course to be friendly enough for family outings and events, with the option to approach each green with a lofted or rolling approach. Holes range from 60 yards long up to 160 depending on tees played, and the total length is 1,230 from the back tees.
'Mandarina's course offers something truly different – every hole tells a story,' Norman said in a press release announcing the opening. 'We created a course that's approachable yet exciting, offering both leisure and a touch of challenge in a setting you won't find anywhere else.'
Mandarina was developed by RLH Properties, a public company based in Mexico City. RLH Properties' previous projects include Andaz Mayakoba, Banyan Tree Mayakoba, El Camaleon Mayakoba, Fairmont Mayakoba, Four Seasons Mexico City, Mandarina Polo & Equestrian Club, One&Only Mandarina, Rosewood Mayakoba, Rosewood Residences Mayakoba, Fairmont Heritage Place Mayakoba and One&Only Mandarina Private Homes.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Why Chipotle (CMG) Shares Are Plunging Today
What Happened? Shares of mexican fast-food chain Chipotle (NYSE:CMG) fell 13.6% in the afternoon session after the company reported disappointing second-quarter results and cut its full-year sales forecast, citing a challenging consumer environment. The fast-casual chain's comparable-restaurant sales fell by 4% in the second quarter, a steeper decline than analysts had anticipated. This drop was primarily driven by a 4.9% decrease in customer transactions, indicating fewer people visited its stores. While total revenue rose 3% to $3.1 billion, it fell slightly short of Wall Street estimates. The most significant concern for investors was the company's revised outlook. Chipotle now projected its full-year comparable sales to be 'approximately flat,' a sharp downgrade from its previous forecast of 'low-single-digit' growth. Management attributed the weaker performance and outlook to ongoing volatility in consumer spending. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Chipotle? Access our full analysis report here, it's free. What Is The Market Telling Us Chipotle's shares are not very volatile and have only had 5 moves greater than 5% over the last year. Moves this big are rare for Chipotle and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 17 days ago when the stock dropped 3.4% on the news that the major indices pulled back (Nasdaq -0.8%, S&P 500 -0.77%), largely due to escalating concerns surrounding the July 9th deadline for new US tariffs, now amplified by specific announcements. Earlier in the day, President Trump confirmed that Japan and South Korea would face new 25% tariffs on their imports to the US, effective August 1st. These announcements came ahead of the broader July 9th expiration of a 90-day pause on reciprocal tariffs, which failed to produce comprehensive trade deals with most nations. This action against two major trading partners, coupled with the ongoing threat of further tariffs on countries associated with the BRICS bloc, injected significant uncertainty and apprehension into global markets. Investors were likely reacting to the increased costs for businesses, potential disruptions to global supply chains, and the broader implications for international trade relations. Chipotle is down 24% since the beginning of the year, and at $45.52 per share, it is trading 31.2% below its 52-week high of $66.16 from December 2024. Investors who bought $1,000 worth of Chipotle's shares 5 years ago would now be looking at an investment worth $2,013. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Business Wire
11 hours ago
- Business Wire
PAMT CORP Announces Results for the Second Quarter Ended June 30, 2025
TONTITOWN, Ark.--(BUSINESS WIRE)--PAMT CORP (NASDAQ: PAMT) ('we' or the 'Company') today reported consolidated net loss of $9.6 million, or diluted and basic loss per share of $0.46, for the quarter ended June 30, 2025. These results compare to consolidated net loss of $2.9 million, or diluted and basic loss per share of $0.13, for the quarter ended June 30, 2024. Operating revenues decreased 17.4% to $151.1 million for the second quarter of 2025 when compared to $182.9 million for the second quarter of 2024. Liquidity, Capitalization, and Cash Flow As of June 30, 2025, we had an aggregate of $177.1 million of cash, marketable equity securities, and available liquidity under our line of credit and $244.9 million of stockholders' equity. Outstanding debt was $331.2 million as of June 30, 2025, which represents a $5.7 million increase from December 31, 2024. During the first half of 2025, we generated $17.2 million in operating cash flow. About PAMT CORP PAMT CORP is a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company's consolidated operating subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers. Forward-Looking Statements Certain information included in this document contains or may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to expected future financial and operating results, prospects, plans or events, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, excess capacity in the trucking industry; surplus inventories; general inflation, recessionary economic cycles and downturns in customers' business cycles; a significant reduction in or termination of the Company's trucking service by a key customer, including as a result of recent or future labor or international trade disruptions; increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, and license and registration fees; potential economic, business or operational disruptions or uncertainties that may result from any future public health crises; the resale value of the Company's used equipment; the price and availability of new equipment consistent with anticipated acquisitions and replacement plans; increases in compensation for and difficulty in attracting and retaining qualified drivers and owner-operators; increases in insurance premiums and deductible amounts relating to accident, cargo, workers' compensation, health, and other claims; increases in the number or amount of claims for which the Company is self-insured; inability of the Company to continue to secure acceptable financing arrangements; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors including reductions in rates resulting from competitive bidding; the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; the impact of pending or future litigation; general risks associated with doing business in Mexico, including, without limitation, exchange rate fluctuations, inflation, import duties, tariffs, quotas, political and economic instability and terrorism; the potential impact of new laws, regulations or policy, including, without limitation, rules regarding the classification of independent contractors as employees, tariffs, import/export, trade and immigration regulations or policies; and other factors, including risk factors, included from time to time in filings made by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether due to new information, future events or otherwise. Considering these risks and uncertainties, the forward-looking events and circumstances discussed above and in company filings might not transpire. PAMT CORP Condensed Consolidated Balance Sheets (unaudited) June 30, December 31, 2025 2024 (in thousands) ASSETS Current Assets: Cash and cash equivalents $68,915 $68,060 Trade accounts receivable, net 75,683 79,967 Other receivables 5,136 4,854 Inventories 2,382 2,433 Prepaid expenses and deposits 8,523 11,555 Marketable equity securities 48,384 42,620 Income taxes refundable - 2,281 Total current assets 209,023 211,770 Property and equipment 776,040 836,490 Less: accumulated depreciation 281,194 309,272 Total property and equipment, net 494,846 527,218 Other non-current assets 3,998 2,666 Total Assets $707,867 $741,654 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $30,964 $31,198 Accrued expenses and other liabilities 16,614 14,569 Income taxes payable 1,774 - Current portion of long-term debt 68,827 73,017 Total current liabilities 118,179 118,784 Long-term debt, net of current portion 262,406 252,565 Deferred income taxes 81,790 92,547 Other long-term liabilities 578 250 Total liabilities 462,953 464,146 STOCKHOLDERS' EQUITY Common stock 224 224 Additional paid-in capital 41,274 41,171 Treasury stock, at cost (28,924) (13,996) Retained earnings 232,340 250,109 Total stockholders' equity 244,914 277,508 Total liabilities and stockholders' equity $707,867 $741,654 Expand ____________________________________ 1) Excludes miles driven by third party power only carriers. 2) The Truckload Operations operating ratio has been calculated based upon total operating expenses, net of fuel surcharge, as a percentage of revenue, before fuel surcharge. We used revenue, before fuel surcharge, and operating expenses, net of fuel surcharge, because we believe that eliminating this sometimes volatile source of revenue affords a more consistent basis for comparing our results of operations from period to period. Expand
Yahoo
13 hours ago
- Yahoo
UK's seized Bitcoin stash could get sold off to ease budget deficits
Britain's new Chancellor is sitting on a digital goldmine, and she's considering cashing it in. Rachel Reeves is weighing the sale of billions in seized Bitcoin to help plug a growing hole in the UK's public finances, according to The Telegraph. The Home Office is reportedly working to build a centralised crypto storage and liquidation system to facilitate the sale. One stash alone — 61,000 Bitcoin seized in a 2018 money laundering case — is now worth more than £5 billion after Bitcoin shot to new all-time highs above $123,000 last week. Reeves is facing pressure to find as much as £20 billion in her autumn budget as weak growth and high borrowing costs weigh on the economy. Former Chancellor Norman Lamont has urged the government to 'spend it right away,' while Reform UK's Nigel Farage has proposed the opposite: holding Bitcoin as a sovereign reserve, echoing Donald Trump's policy in the US. But even the US government's Bitcoin reserve plan has had a murky rollout. Although Trump ordered the creation of a Strategic Bitcoin Reserve earlier this year, the exact amount held remains unclear. Senator Cynthia Lummis recently expressed alarm over reports that the US Marshals Service controls just 29,000 Bitcoin, a fraction of the 200,000 previously estimated. Analysts say the discrepancy likely stems from large amounts of seized Bitcoin that have yet to be legally forfeited or are still in limbo between agencies, making them ineligible for inclusion in the reserve. Germany, by contrast, sold 50,000 Bitcoin last year for just over $3 billion — an amount now worth more than double. Kyle Baird is DL News' Weekend Editor. Got a tip? Email atkbaird@
