Latest news with #Bears'
The Advertiser
14 hours ago
- Business
- The Advertiser
From dust bin to Perth board: Cumins back with Bears
The man who spearheaded Perth's initial bid to return to the NRL has been placed on the Bears' board, eight months after being told his bid was "in the dust bin". Peter Cumins was on Saturday unveiled as one of nine directors, who will sit under inaugural chair and former Liberal party federal MP Ben Morton. The board also includes former treasurer Joe Hockey, ex-WA Cricket CEO Christina Matthews, North Sydney chair Daniel Dickson and Bears tragic James Bracey. But it is Cumins' name which is of most interest ahead of Perth's 2027 entry. The Cash Converters executive chair had spent more than a decade trying to have a Perth side back in the competition and led a high-profile consortium bid. But his dream looked dashed when he was accused of low-balling the NRL last year, not offering a license fee as part of the Western Bears' push for inclusion. The consortium later responded by offering up a $20 million fee, but by that point the NRL had moved on and decided to negotiate with the state government instead. Even so, Cumins' consortium remained crucial in the establishment of the 18th franchise. It was the consortium who reached an agreement with North Sydney for Perth to link with the Bears, while the bid document remains with the NRL. Despite the rejection, Cumins had long maintained he was open to assisting with any Perth side if it was to be admitted to the NRL. "It is very disappointing for us, but if they can get a team up in Perth and there is anything I can do to help, then I will," Cumins told AAP in January. "That was my motivation for being involved. "I am a rugby league man. I would love to see a Perth team get up. If it is not privately owned and is owned by the NRL then I am not fussed. "I will do anything to assist ... if asked." The appointment of the Bears' board puts the framework in place for coach Mal Meninga to hit the open market in November. Meninga has already appointed Penrith assistant Ben Gardiner as one of his deputies, while former Seven West news boss Anthony de Ceglie is CEO. "The Perth Bears is a club which is taking shape by the day and will quickly capture the hearts and minds of fans as we approach 2027," ARL Commission chair Peter V'landys said. "The inaugural and historic Perth Bears Board is comprised of a diverse group of individuals with the right skills to ensure the Perth Bears Club is successful and thrives. "The group comprises industry leaders both in Western Australia as well as across Australia more broadly, as well as sporting leaders. "The heritage of the North Sydney Bears, the energy of the west, all combined with an innovative and talented board of exceptional individuals will set the new club on the right path immediately." PERTH BEARS INAUGURAL BOARD: Ben Morton (Chair; Western Australian Business and Community Leader, Former Australian Government Minister) Emma Garlett (Western Australian lawyer) John Dumesny (Experienced Sports Administrator) Joe Hockey (Former Australian Treasurer and Diplomat) Christina Matthews (Western Australian Sports Administrator and Tourism Leader) Daniel Dickson (Chair of North Sydney Bears) James Bracey (TV sports presenter and journalist, former North Sydney Bears board member) Jacqueline Johnstone (Governance, integrity and strategy expert) Peter Cumins (Western Australia Businessman) The man who spearheaded Perth's initial bid to return to the NRL has been placed on the Bears' board, eight months after being told his bid was "in the dust bin". Peter Cumins was on Saturday unveiled as one of nine directors, who will sit under inaugural chair and former Liberal party federal MP Ben Morton. The board also includes former treasurer Joe Hockey, ex-WA Cricket CEO Christina Matthews, North Sydney chair Daniel Dickson and Bears tragic James Bracey. But it is Cumins' name which is of most interest ahead of Perth's 2027 entry. The Cash Converters executive chair had spent more than a decade trying to have a Perth side back in the competition and led a high-profile consortium bid. But his dream looked dashed when he was accused of low-balling the NRL last year, not offering a license fee as part of the Western Bears' push for inclusion. The consortium later responded by offering up a $20 million fee, but by that point the NRL had moved on and decided to negotiate with the state government instead. Even so, Cumins' consortium remained crucial in the establishment of the 18th franchise. It was the consortium who reached an agreement with North Sydney for Perth to link with the Bears, while the bid document remains with the NRL. Despite the rejection, Cumins had long maintained he was open to assisting with any Perth side if it was to be admitted to the NRL. "It is very disappointing for us, but if they can get a team up in Perth and there is anything I can do to help, then I will," Cumins told AAP in January. "That was my motivation for being involved. "I am a rugby league man. I would love to see a Perth team get up. If it is not privately owned and is owned by the NRL then I am not fussed. "I will do anything to assist ... if asked." The appointment of the Bears' board puts the framework in place for coach Mal Meninga to hit the open market in November. Meninga has already appointed Penrith assistant Ben Gardiner as one of his deputies, while former Seven West news boss Anthony de Ceglie is CEO. "The Perth Bears is a club which is taking shape by the day and will quickly capture the hearts and minds of fans as we approach 2027," ARL Commission chair Peter V'landys said. "The inaugural and historic Perth Bears Board is comprised of a diverse group of individuals with the right skills to ensure the Perth Bears Club is successful and thrives. "The group comprises industry leaders both in Western Australia as well as across Australia more broadly, as well as sporting leaders. "The heritage of the North Sydney Bears, the energy of the west, all combined with an innovative and talented board of exceptional individuals will set the new club on the right path immediately." PERTH BEARS INAUGURAL BOARD: Ben Morton (Chair; Western Australian Business and Community Leader, Former Australian Government Minister) Emma Garlett (Western Australian lawyer) John Dumesny (Experienced Sports Administrator) Joe Hockey (Former Australian Treasurer and Diplomat) Christina Matthews (Western Australian Sports Administrator and Tourism Leader) Daniel Dickson (Chair of North Sydney Bears) James Bracey (TV sports presenter and journalist, former North Sydney Bears board member) Jacqueline Johnstone (Governance, integrity and strategy expert) Peter Cumins (Western Australia Businessman) The man who spearheaded Perth's initial bid to return to the NRL has been placed on the Bears' board, eight months after being told his bid was "in the dust bin". Peter Cumins was on Saturday unveiled as one of nine directors, who will sit under inaugural chair and former Liberal party federal MP Ben Morton. The board also includes former treasurer Joe Hockey, ex-WA Cricket CEO Christina Matthews, North Sydney chair Daniel Dickson and Bears tragic James Bracey. But it is Cumins' name which is of most interest ahead of Perth's 2027 entry. The Cash Converters executive chair had spent more than a decade trying to have a Perth side back in the competition and led a high-profile consortium bid. But his dream looked dashed when he was accused of low-balling the NRL last year, not offering a license fee as part of the Western Bears' push for inclusion. The consortium later responded by offering up a $20 million fee, but by that point the NRL had moved on and decided to negotiate with the state government instead. Even so, Cumins' consortium remained crucial in the establishment of the 18th franchise. It was the consortium who reached an agreement with North Sydney for Perth to link with the Bears, while the bid document remains with the NRL. Despite the rejection, Cumins had long maintained he was open to assisting with any Perth side if it was to be admitted to the NRL. "It is very disappointing for us, but if they can get a team up in Perth and there is anything I can do to help, then I will," Cumins told AAP in January. "That was my motivation for being involved. "I am a rugby league man. I would love to see a Perth team get up. If it is not privately owned and is owned by the NRL then I am not fussed. "I will do anything to assist ... if asked." The appointment of the Bears' board puts the framework in place for coach Mal Meninga to hit the open market in November. Meninga has already appointed Penrith assistant Ben Gardiner as one of his deputies, while former Seven West news boss Anthony de Ceglie is CEO. "The Perth Bears is a club which is taking shape by the day and will quickly capture the hearts and minds of fans as we approach 2027," ARL Commission chair Peter V'landys said. "The inaugural and historic Perth Bears Board is comprised of a diverse group of individuals with the right skills to ensure the Perth Bears Club is successful and thrives. "The group comprises industry leaders both in Western Australia as well as across Australia more broadly, as well as sporting leaders. "The heritage of the North Sydney Bears, the energy of the west, all combined with an innovative and talented board of exceptional individuals will set the new club on the right path immediately." PERTH BEARS INAUGURAL BOARD: Ben Morton (Chair; Western Australian Business and Community Leader, Former Australian Government Minister) Emma Garlett (Western Australian lawyer) John Dumesny (Experienced Sports Administrator) Joe Hockey (Former Australian Treasurer and Diplomat) Christina Matthews (Western Australian Sports Administrator and Tourism Leader) Daniel Dickson (Chair of North Sydney Bears) James Bracey (TV sports presenter and journalist, former North Sydney Bears board member) Jacqueline Johnstone (Governance, integrity and strategy expert) Peter Cumins (Western Australia Businessman)
Yahoo
4 days ago
- Business
- Yahoo
C3.ai, Inc. (AI): A Bear Case Theory
We came across a bearish thesis on Inc., High Growth Investing's Substack by Stefan Waldhauser. In this article, we will summarize the Bears' thesis on AI. Inc.'s share was trading at $23.41 as of June 23rd. A scientist at a computer station, surrounded by a neural network of artificial intelligence code. has struggled to gain solid financial footing despite being in business for over 15 years and forming high-profile partnerships with Microsoft Azure and McKinsey. While its revenue growth has reached 24% on a trailing twelve-month basis, the company continues to operate inefficiently, posting net losses that hover around 80% of revenue and maintaining negative cash flow. With a Rule of 40 score of just 14%, the business model remains fundamentally flawed. A major concern is reliance on a limited customer base, most notably Baker Hughes, which contributes around 20% of total revenue. This key contract is set for renewal and may expire as early as June 2025, posing a significant risk to the company's financial stability and stock performance. For fiscal year 2025, is projected to generate nearly $400 million in sales while incurring a $300 million loss, a mismatch that renders its $2.5 billion valuation difficult to justify. The market appears to share this skepticism, as evidenced by a 30% drop in the stock year-to-date. Furthermore, substantial insider selling by CEO Tom Siebel and his management team reinforces concerns about internal confidence. Short sellers have also targeted the stock aggressively, as reflected in its elevated short interest levels. Tools like the stocks. Guide screener reveals that is among the most shorted stocks in the NASDAQ-100, underscoring bearish sentiment. Overall, the company remains an unprofitable and risky bet, with mounting pressure from both operational inefficiencies and investor skepticism. Previously, we covered a on CrowdStrike Holdings, Inc. (CRWD) by Magnus Ofstad in May 2025, which highlighted concerns over slowing growth and stretched valuation. The company's stock price has appreciated by approximately 8% since our coverage. This is because the thesis didn't play out as expected. Stefan Waldhauser shares a similar view but emphasizes structurally weaker fundamentals. Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held AI at the end of the first quarter which was 25 in the previous quarter. While we acknowledge the risk and potential of AI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
fuboTV Inc. (FUBO): A Bear Case Theory
We came across a bearish thesis on FuboTV Inc. on Accrued Interest's Substack by Simeon McMillan. In this article, we will summarize the Bears' thesis on FUBO. fuboTV Inc.'s share was trading at $3.1800 as of June 23rd. FUBO's trailing P/E were 15.90 according to Yahoo Finance. A modern TV monitor showcasing a variety of exciting video content for viewers of all ages. FuboTV (NYSE: FUBO) is facing growing pressure as its core business model falters. Despite management's emphasis on meeting Q1 2025 revenue targets, deeper fundamentals tell a more troubling story. The company's North American subscriber base declined by 3% year-over-year, reversing previous growth trends, while international subscribers dropped 11%. Notably, the so-called "international" segment only includes Canada and parts of Spain—hardly global in scale. Revenue growth stemmed entirely from price hikes, not user expansion, which signals low-quality growth and an unsustainable model in a fixed-cost business like streaming. Advertising revenue also fell 17% YoY, attributed to the loss of Televisa Univision content, yet management failed to backfill this revenue shortfall. With Q2 revenue guidance projecting a 14% decline, there's little optimism on the horizon. Although bulls point to upcoming content cost savings, the reality is that shrinking revenue overshadows any cost-cutting initiatives. The merger with part of Hulu hasn't sparked a turnaround; investors increasingly view it as cosmetic rather than strategic. Despite its decade-long existence, Fubo has failed to achieve broad user adoption. Even bullish cases, based on aggressive forecasts, suggest a best-case valuation of just over $3 per share—far below recent highs. Notably, both the CEO and CFO sold shares in the $4–5 range, raising questions about internal confidence. With subscriber attrition, evaporating ad revenue, weak international presence, and unconvincing growth catalysts, Fubo appears structurally challenged. The stock has dropped nearly 20% recently, and with no strong drivers in sight, further underperformance versus the S&P 500 is expected over the next 18 months. Previously we covered a bearish thesis on Gray Television, Inc. (GTN) by Tyler Moody in November 2024, which highlighted its high debt, political ad dependency, and structural decline. The stock has depreciated by ~7.8% since. The thesis still stands as key risks persist. Simeon McMillan shares a similar view on fuboTV but emphasizes subscriber losses and weak revenue quality. fuboTV Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held FUBO at the end of the first quarter, which was 13 in the previous quarter. While we acknowledge the risk and potential of FUBO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
USA Today
5 days ago
- Sport
- USA Today
Bears All-Quarter Century Team: Running backs
Twenty-five years of Chicago Bears football are in the books since the turn of the century. Since the calendar turned over to 2000, the Bears have seen some success, but also plenty of woeful stretches. Early on, Chicago became a defensive force, claiming four division titles and reaching only their second Super Bowl in franchise history from 2000 to 2010. Since then, however, a 14-year playoff victory drought that is still ongoing and a one-sided fight with their rival Green Bay Packers have taken the spotlight. For all the ups and downs the Bears have seen, however, they had plenty of talent over the years across offense and defense. Multiple former Bears players are already in the Hall of Fame, while many more provided years of incredible play in the navy and orange. Here at Bears Wire, we're celebrating the best Bears players at each position over the last 25 years. We're going position by position to name the Bears' All-Quarter Century Team for those who played from 2000 through 2024. Next up are running backs, a position where Chicago has notably found some gems from the NFL draft to free agency. Matt Forte The Bears have a long list of legendary running backs -- led by Hall of Famers Walter Payton and Gale Sayers -- and Matt Forte will still go down as one of the franchise's best. Forte's name is well represented in the Bears' record books -- although it's hard to surpass the legendary Payton -- as he spent eight of 10 seasons in Chicago. Forte ranks second in team history with 8,602 rushing yards, 12,718 net yards, 487 receptions, 24 100-yard rushing games and five 1,000-yard rushing seasons -- trailing only Payton. He's also a two-time Pro Bowler (2011, 2013), was named to the Pro Football Writers of America's All-Rookie Team (2008) and landed on the 100 greatest Bears of All-Time list (34th). At the time, Forte broke the Bears' single-season rookie rushing record in 2008 with 1,238 yards, which was later broken by Jordan Howard (also on this list) in 2016. While Forte didn't possess breakaway speed, he was a true dual-threat weapon for the Bears, thriving both as a rusher and a receiver. In fact, he's one of just three players to record 1,000 rushing yards and 1,000 receiving yards in a single season in NFL history. Forte was also the first player in NFL history with 900 rushing yards and 400 receiving yards in each of his first four seasons. While he wasn't considered a true bonafide star running back, there was no player more important to his team's offense than Forte. So it was only fitting that, even after two seasons with the New York Jets, Forte retired a Bear. Thomas Jones While Thomas Jones was only in Chicago for three seasons, he made a lasting impression and proved to be one of the franchise's better free-agent signings at the time. Jones amassed nearly 3,500 rushing yards in just three seasons, including back-to-back years where he eclipsed 1,200 rushing yards -- the first to accomplish the feat since Payton in 1985-86. Jones had to share the backfield with Cedric Benson, who was drafted fourth overall in 2005. But, thanks to Benson's rookie holdout, Jones proceeded to have his second-best ever statistical season with 1,335 rushing yards and nine touchdowns. Jones played an integral role in the success of Chicago's offense during their Super Bowl run in 2006, where he rushed for 1,210 rushing yards and six touchdowns. During the 2006 postseason, Jones was the second-leading rusher with 301 yards, including 5.5 yards per carry, and four touchdowns in three games. Ultimately, the Bears traded Jones to the Jets in 2007, as they opted to ride with Benson, which wound up being the wrong decision (although Benson went on to be productive with the Cincinnati Bengals). But despite his short stint, Jones is still remembered as yet another productive and impactful running back in Chicago. Jordan Howard The Bears found a diamond in the rough with Jordan Howard, who was selected in the fifth round of the 2016 NFL Draft. Like Jones, he spent just three seasons in Chicago before being traded away, but he proved to be a vital contributor on offense during his short stint. Howard rushed for 3,370 yards, which ranks seventh on the Bears' all-time rushing list, and 24 touchdowns averaging 4.3 yards per carry. Howard's first two seasons in Chicago were special, where he set several records along the way. Howard set a Bears rookie rushing record with 1,313 yards, which also ranked second in the NFL in 2016. He was also the team's first rookie running back selected to the Pro Bowl since Gale Sayers in 1965. Howard followed up his impressive rookie season with 1,122 rushing yards and a career-high nine touchdowns, becoming the first Bears running back in history to rush for 1,000 yards in each of his first two NFL seasons. He also made history surpassing Hall of Famers Payton (26) and Sayers (28) as the fastest Bears player to eclipse 2,000 rushing yards in just 24 games. While Howard had a promising start to his Bears career, he didn't fit into head coach Matt Nagy's offensive scheme, which led to Chicago trading Howard to the Philadelphia Eagles for a 2020 sixth-round pick. The Bears went on to draft David Montgomery in the third round just a month later, and he just so happened to make our list as an honorable mention. Honorable mention: David Montgomery FB Jason McKie Every running back's best friend is their fullback, and Jason McKie is easily the best fullback the Bears have had this century so far. McKie spent seven seasons with Chicago (2003-09), where he proved to be an integral part to the Bears' rushing attack. In 2006, McKie became the full-time starter at fullback after replacing Bryan Johnson, who landed on injured reserve, and in turn helped Thomas Jones rush for 1,210 yards during Chicago's Super Bowl run. Before the end of the season, McKie earned a well-deserved five-year contract extension. McKie also played a key role in Matt Forte's record-breaking rookie season in 2008, where Forte had a franchise-best 1,238 rushing yards, which was later broken by Jordan Howard in 2016. During his Bears tenure, McKie thrived as a blocker and was even utilized in goal-line situations. Ultimately, McKie was released by Chicago in March 2010, following the hiring of offensive coordinator Mike Martz. Bears All-Quarter Century Team Follow Bears Wire on Twitter, Facebook and Instagram
USA Today
5 days ago
- Sport
- USA Today
Texans QB C.J. Stroud jokingly takes jab at Bears QB Caleb Williams for Week 2 comments
Caleb Williams and C.J. Stroud haven't seen each other since Week 2, when the Houston Texans' second-year quarterback passed on some words of wisdom over to his Chicago Bears' counterpart. People, as per usual, took it out of context and made it a bigger deal because of the age gap. After all, Stroud was only one year into his NFL tenure and yet some assumed he was talking down to the quarterback who beat him out for the Heisman Trophy in 2022. For the first time since Stroud told Williams to "stop taking so many hits," the two met in public during a panel session hosted by the Manning brothers at the Fanatics Fest in New York City on Saturday. When asked if the third-year quarterback had any advice for the Bears' top pick last season, Stroud cracked with a smile at the crowd. 'I don't know if Caleb likes my advice," Stroud joked, to which Williams laughed. Stroud might not have much room to talk after being sacked 52 times, but he still wasn't the league's most hit quarterback. That title belongs to Williams, who was sacked 68 times over 17 games. Although a poor offensive line took much of the blame, the former No. 1 overall often needed to get rid of the ball, which is what Stroud meant after a Week 2 win on Sunday Night Football. At the moment, Williams put it off. He had just thrown two late picks that cemented a 2-0 start for the Texans and cost the Bears a promising start. After eight months and a full offseason running the show for Ben Johnson's revamped offensive system two young franchise quarterbacks can now laugh about the famous intercations. Also, Stroud can say he was right for giving the advice since it led to the firing of a coach and a record-setting number of hits in Bears' history against a quarterback.
