Latest news with #NorthDakota-based
Yahoo
4 days ago
- Business
- Yahoo
Knife River (KNF): A Bull Case Theory
We came across a bullish thesis on Knife River on Flyover Stocks's Substack by Todd Wenning. As of 3rd July, Knife River's share was trading at $80.60. KNF's trailing and forward P/E were 25.35 and 19.71 respectively according to Yahoo Finance. PI/ Knife River (KNF), a North Dakota-based construction materials and service business, has been on the radar since its spin-off in 2023 from MDU Resources. The company has dropped 23% since its initial coverage, while the S&P 500 has gained 5.6% and the Materials SPDR is down 2.4%. Knife River is a vertically-integrated aggregates company with over 1 billion tonsons of reserves, anding as the fourth-largest producer of sand and gravel in the United States, primarily operating in the northern and northwestern U.S. states. The company recently expanded its aggregates business by acquiring Strata Corporation, a North Dakota-based peer, which helps Knife River consolidate its leadership in the region. The acquisition aligns with Knife River's values of people, safety, quality, and environment, and features a qualified and high-quality management team. This move suggests that management has a good acquisition and capital allocation skill, which warrants further analysis along with the company's moats and valuation. The stock appears to be worth a closer look, given its recent performance and expansion efforts. With a stronger position in the aggregates market and a solid management team, Knife River presents an investment opportunity. Further analysis of management's skills, moats, and valuation will help determine the stock's potential. The recent drop in stock price may have created an attractive entry point for investors, making Knife River a company to watch in the construction materials and services sector. While this is our first coverage on Knife River, we've recently examined another in June 2024 for a stock in the same Building Materials industry that sheds light on similar long-term dynamics. In comparing Knife River (KNF) to Martin Marietta Materials (MLM), it's clear that both companies operate in the building materials sector, but their strategies and focuses diverge. KNF is a vertically integrated aggregates company with a strong presence in the northern and northwestern U.S. states. KNF is focused on consolidating its leadership in the aggregates market through strategic acquisitions, such as its recent purchase of Strata Corporation. Both companies are well-positioned to benefit from increased infrastructure spending and growth in the building materials sector. KNF isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of KNF 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
10-07-2025
- Business
- Yahoo
First International Bank & Trust (FIBT) Makes Strategic Investment in Advantage Payment Services as Part of Kavinu Platform's Continued Build-Out
Advantage Payment Services to become embedded provider of transaction dispute management and customer identity verification for bank-direct Kavinu platform FARGO, N.D., July 10, 2025--(BUSINESS WIRE)--Kotapay, a division of First International Bank & Trust (FIBT), today announced Advantage Payment Services (APS), the leader in regulatory technology for top fintech payments organizations, has become the preferred provider of transactions dispute management and customer identity verification for its Kavinu platform. The deal follows a strategic equity investment by FIBT in APS, signaling the 115-year-old community bank's commitment to next-generation financial technology and risk management. "We built Kavinu as a next-generation banking as a service platform, providing financial innovators with a not only a direct connection to an experienced banking partner but also best-in-class providers like APS," said Trent Sorbe, Chief Payments Officer at FIBT. "We will continue to look for opportunities to make similar strategic investments in companies that align with our strategy to power secure, compliant payments products, leverage artificial intelligence where prudent, and accelerate speed-to-market under our 'One Contract. One Connection' commitment." As one of Kotapay's preferred providers, the APS Dispute Advantage platform, a scalable, configurable, regulatory compliant workflow solution, will be integrated into the Kavinu platform. Clients using Kavinu will now benefit from the deep regulatory expertise offered by FIBT and the AI and machine learning capabilities of APS to empower real-time risk management decisioning. "Navigating the complex regulatory landscape must remain a critical priority for banks and fintechs," said Dave Campbell, CEO at APS. "We're proud to be a part of Kotapay's vision to reinvent the traditional banking as a service model, driving responsible fintech innovation." Furthering the strategic partnership between the North Dakota-based companies, FIBT's Chief Payments Officer Trent Sorbe, and Chief Operating and Strategy Officer Michael Toy have joined APS' Board of Directors. To learn more about Kavinu, visit About Kotapay Kotapay is an electronic payment solutions provider based in Fargo, North Dakota. Since our founding in 1993, we have provided fast, accurate, and secure electronic payment services to more than 107,000 companies in all 50 states and Puerto Rico. Kotapay is owned by First International Bank & Trust (FIBT), a high-performing, regulated bank with more than $5 billion in assets. We provide services to a multitude of industries including payroll providers, accountants, non-profits, healthcare, utility companies, and more. Learn more at About First International Bank & Trust First International Bank & Trust (FIBT) is a full-service, family-owned community bank serving communities across North Dakota, South Dakota, Arizona, and Minnesota. Founded in 1910 as Farmer's State Bank in Arnegard, ND, FIBT's foundation was built on the bond between its employees and customers. Today, FIBT remains committed to that personal touch by remaining local, caring for customers, and staying involved in their communities. Learn more by visiting About Advantage Payment Services Advantage Payment Services (APS) is the leader in regulatory technology for banking, payments, and Fintech brands. APS built a highly configurable, secure, cloud-native platform that integrates identity verification, dispute case management, transaction risk monitoring, and digital document management seamlessly into existing business processes, enabling clients to scale these critical functions as they grow. APS is privately held and based in Fargo, North Dakota. For more information about APS, please visit View source version on Contacts kotapay@ 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
Hindustan Times
06-07-2025
- Climate
- Hindustan Times
Did cloud seeding cause Texas floods? Trump loyalist makes massive allegation amid Camp Mystic tragedy
Kandiss Taylor, a MAGA candidate running for Georgia's House seat, is facing backlash for spreading conspiracy theories about the flash floods in Texas and the tragedy that hit Camp Mystic and regions around the Guadalupe River. She suggested this week that the floods are a result of cloud seeding, tweeting: 'Fake weather. Fake hurricanes. Fake flooding. Fake. Fake. Fake.' Jody Fischer, director of flight operations for a North Dakota-based cloud seeding business, adjusts flares used for a seeding on a plane(AP) This comes as authorities confirmed that over 50 people have died in the Texas floods, including several children. At least 27 girls from Camp Mystic were still missing. Texas Governor Greg Abbott acknowledged that the summer camp, which had about 750 girls at the time floodwaters hit, was 'horrendously ravaged in ways unlike I've seen in any natural disaster'. Read More: Melania Trump's Texas floods post sparks outrage as she offers just two things to victims; 'You and your husband…' "The height the rushing water reached to the top of the cabins was shocking," he said in a post on X, platform formerly known as Twitter. However, Kandiss Taylor said she believes this is 'fake weather'. 'FAKE WEATHER. REAL DAMAGE. Hurricane Helene left me powerless for 16 days & caused $57K in damage. This isn't just 'climate change.' It's cloud seeding, geoengineering, & manipulation. If fake weather causes real tragedy, that's murder. Pray. Prepare. Question the narrative,' she claimed. When Taylor admitted that tragedy had struck Texas, one of her followers questioned whether she was walking back out of her earlier claims. 'I'm not walking back a thing. No one can control the way you raging liberals twist words. Brainwashed zombies," the Trump loyalist said. Her comments sparked severe backlash. 'Do your job Georgia… Is this the best you have got?' attorney Tracey Gallagher tweeted. Read More: Canyon Lake water level: Will the dam on Guadalupe River flood? Here's the latest 'Hey Texas. What do you think of this? She's running for congress as a Republican? Any thoughts?' former Rep Adam Kinzinger said. 'So the dead bodies floating in Texas are fake too? The homes ripped apart? The kids being pulled out of floodwater? You're a clown. Sit the hell down and stop embarrassing the human race. I guess not even Republicans care when Republicans are hit with natural disasters," commentator Thomas Mix posted. What is cloud seeding and does Texas do it? Cloud seeding is a weather modification technique that disperses substances like silver iodide into clouds to enhance precipitation, typically rain or snow, by encouraging water droplet formation. In Texas, cloud seeding is actively practiced, covering 31 million acres in regions like the Panhandle and South Texas, using aircraft to target convective clouds from April to September, funded by local water districts to combat drought and recharge aquifers.
San Francisco Chronicle
22-05-2025
- Business
- San Francisco Chronicle
Titan Machinery: Fiscal Q1 Earnings Snapshot
WEST FARGO, N.D. (AP) — WEST FARGO, N.D. (AP) — Titan Machinery Inc. (TITN) on Thursday reported a loss of $13.2 million in its fiscal first quarter. On a per-share basis, the West Fargo, North Dakota-based company said it had a loss of 58 cents. The agriculture and construction equipment seller posted revenue of $594.3 million in the period. _____
Yahoo
22-05-2025
- Business
- Yahoo
Titan Machinery: Fiscal Q1 Earnings Snapshot
WEST FARGO, N.D. (AP) — WEST FARGO, N.D. (AP) — Titan Machinery Inc. (TITN) on Thursday reported a loss of $13.2 million in its fiscal first quarter. On a per-share basis, the West Fargo, North Dakota-based company said it had a loss of 58 cents. The agriculture and construction equipment seller posted revenue of $594.3 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TITN at Sign in to access your portfolio
