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Los Angeles Times
4 hours ago
- Los Angeles Times
Smoked Meat Deal
Monogram Capital Partners, a Los Angeles-based private equity firm with $1.5 billion in assets under management, reacquired Western Smokehouse Partners, a contract manufacturer of premium, better-for-you meat sticks. 'We partnered with the son of the family to build the team and build additional facilities,' said Jared Stein, co-founder of Monogram and chairman at Western. 'We're seven years in, but it feels like a brand-new investment.' Originally, Monogram helped the company scale from a single location to five facilities over a four-and-a-half-year period. It sold a majority of the business to AUA in 2023 but kept a 21% stake. Two years later, it reacquired the entirety of the business outright and expects to have seven facilities in operation by year-end. Western marks Monogram's 39th investment and one of the most successful investments in the firm's history. The company has grown backed by consumer trends which favor high-protein, low-sugar and on-the-go snacks, further amplified by GLP-1-driven health awareness. Over the last five years, sales have increased more than sevenfold, bolstered by the commercialization of breakthrough product innovation, including zero-sugar sticks and mini sticks. Monogram's investments include the healthy soda brand Olipop. It was an investor in which was sold to PetSmart for $3.3 billion. Information for this article was sourced from Monogram Capital Partners.
Yahoo
5 hours ago
- Yahoo
Nvidia Director Sells $24 Million in Shares Amid AI Boom
Nvidia (NVDA, Financials) board director A. Brooke Seawell offloaded over $24 million in company stock this week; the transactions, spanning July 8 to July 10, were carried out under a Rule 10b5-1 trading planfiled months earlier to cover estate tax obligations. Warning! GuruFocus has detected 4 Warning Signs with NVDA. According to filings, Seawell sold a total of 103,673 shares at prices ranging from $158.48 to $164.39; the sales came as Nvidia hovered close to its 52-week high of $164.50; and while some investors may see insider selling as a red flag, context mattersthis was part of a planned transaction. The shares belonged to The Rosemary and A. Brooke Seawell Revocable Trust; even after the sales, Seawell still directly owns 10,387 shares and indirectly controls 4,326,382 shares of Nvidiahardly a vote of no-confidence. Meanwhile, Nvidia continues to dominate headlines; Mizuho analysts say future sales in China could offer a fresh revenue jolt; Goldman Sachs just initiated coverage with a Buy rating and a price target of $185; and yes, President Trump's renewed calls for Fed rate cuts cite the tech stock boomNvidia includedas a key backdrop. Bottom line: Nvidia remains a titan in accelerated computing; and while Seawell's sale is sizable, it's strategicnot sentimental. This article first appeared on GuruFocus.
Yahoo
5 hours ago
- Yahoo
SpaceX rocket to launch Amazon broadband satellites from Cape Canaveral Space Force Station
In a partnership between rivals, Elon Musk's SpaceX is slated to launch a payload of Jeff Bezos' Amazon broadband satellites into low-Earth orbit during a late-night liftoff from Cape Canaveral Space Force Station. The SpaceX Falcon 9 rocket will take flight during a 1½-hour launch window extending from 2:10 a.m. to 3:38 a.m. Wednesday, July 16, a National Geospatial-Intelligence Agency navigational advisory indicates. The Falcon 9 will deploy a batch of Project Kuiper satellites for Amazon's early stage satellite internet constellation, the Space Coast Office of Tourism reported. What's more, this mission represents the first of a three-launch contract. Cape Canaveral: Is there a launch today? Upcoming SpaceX, NASA, ULA rocket launch schedule at Cape Canaveral Live FLORIDA TODAY Space Team launch coverage updates will kick off about 90 minutes before the early morning launch window opens. When SpaceX's live webcast begins about five minutes before liftoff, look for it posted below next to our countdown clock. In total, Amazon has more than 80 future launches lined up with SpaceX, United Launch Alliance, Blue Origin and Arianespace to create its $10 billion worldwide high-speed internet network, which should someday surpass 3,200 satellites. Amazon officials hope Project Kuiper will eventually compete with SpaceX's well-established Starlink constellation, which has nearly 8,000 satellites in orbit — and more than six million customers. But thus far, Amazon has only launched a combined 54 Project Kuiper satellites during two ULA missions — one on April 28, the second on June 23 — using Atlas V rockets from Cape Canaveral Space Force Station. Wednesday's SpaceX represents Project Kuiper's third launch of production satellites. On Sunday, July 13, SpaceX marked its 500 Falcon 9 mission by launching the Commercial GTO-1 mission from Cape Canaveral Space Force Station. The liftoff sent Israel's first national communications satellite, Dror 1, up into orbit. "Built by Israel Aerospace Industries, this $200M 'smartphone in space' will power Israel's strategic and civilian communications for 15 years. A bold leap for Israeli innovation!" Israel's Ministry of Foreign Affairs said in a tweet. For the latest news from Cape Canaveral Space Force Station and NASA's Kennedy Space Center, visit Another easy way: Click here to sign up for our weekly Space newsletter. Rick Neale is a Space Reporter at FLORIDA TODAY. Contact Neale at Rneale@ Twitter/X: @RickNeale1 Space is important to us and that's why we're working to bring you top coverage of the industry and Florida launches. Journalism like this takes time and resources. Please support it with a subscription here. This article originally appeared on Florida Today: Internet rivals team up: SpaceX to launch Amazon satellites into orbit
