Latest news with #Zipper
Yahoo
10-07-2025
- Business
- Yahoo
Rocket Companies, Inc. (RKT): A Bull Case Theory
We came across a bullish thesis on Rocket Companies, Inc. on by Zipper. In this article, we will summarize the bulls' thesis on RKT. Rocket Companies, Inc.'s share was trading at $14.22 as of June 27th. RKT's trailing and forward P/E ratios were 711.00 and 55.25, respectively, according to Yahoo Finance. A close-up of a homeowner signing a mortgage document in a residential setting. Rocket Companies (RKT), the largest direct-to-consumer mortgage originator in the U.S., stands poised to benefit from multiple cyclical and structural tailwinds. Refinance originations, RKT's stronghold, are currently at trough levels, but with ~20% of U.S. mortgages bearing rates over 6%, the potential for a sharp rebound is high as interest rates decline. This positions RKT as a countercyclical opportunity in a slowing economy. The acquisition of Mr. Cooper's (COOP) servicing portfolio, expected to close in Q4 2025, provides RKT with a sizable base of refinance-ready borrowers, leveraging its industry-leading recapture rate. Management's conservative synergy guidance of 3.5% of pro forma net income could prove understated, with potential upside to 12% amid current rates. Coupled with the acquisition of Redfin (RDFN), which enhances RKT's ability to penetrate the less cyclical home purchase market via control of a leading listing platform, RKT's business becomes more diversified and less rate-sensitive. Pro forma, revenue will be split across originations (44%), servicing (28%), and personal finance, title, and other sources (28%), creating a more stable, higher multiple business. The combined deals also boost public float from ~7% to ~50%, paving the way for index inclusion and broader investor interest. Valuation reflects asymmetric upside: downside sits at ~$8.30/share (2x tangible book), while upside could reach $21.64/share with full synergy realization, and base case sits at $18/share by YE 2025. Risks include prolonged high rates and integration hurdles, but near-term catalysts—deal closings, synergy realization, and float expansion—offer a compelling investment case with substantial upside. Previously, we covered a bullish thesis on Rocket Companies, Inc. by Unemployed Value Degen in December 2024, which highlighted the company's potential to benefit from a home equity loan boom and its resilient servicing income. The company's stock price has appreciated by approximately 0.3% since our coverage. The thesis still stands. Zipper shares an identical thesis but emphasizes M&A-driven diversification and synergy realization. RKT isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of RKT 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.
Yahoo
08-07-2025
- Climate
- Yahoo
Zebra at Roger Williams Park Zoo dies during storm. Here's what zookeepers say happened.
PROVIDENCE – A zebra at Roger Williams Park Zoo died after apparently panicking during the July 3 storm and running into a fence, the zoo said on Facebook. "We are devastated as we share the news of the passing of Samantha, one of our cherished Plains zebras," the zoo said. The storm brought heavy rain, strong winds and thunderstorms to Rhode Island. "It appears that Samantha panicked during the storm that occurred on the evening of July 3rd and suffered a fatal injury after colliding with a fence in her holding area; a necropsy confirmed that she passed instantaneously," the zoo said. "This was truly a tragic accident, and our Zoo family is heartbroken by this sudden and unexpected loss." "Samantha was a beloved member of our zebra herd and had a particularly strong bond with her companion Tundra. Both Tundra and Zipper, the Zoo's remaining zebras, are being closely monitored by our animal care and veterinary teams as they adjust to this sudden loss," the zoo said. "Samantha was known for her sweet, yet shy personality. She was 24 years old and arrived at our Zoo in 2003." This article originally appeared on The Providence Journal: RI weather: Zebra at Roger Williams Park Zoo panics, dies during storm
West Australian
12-06-2025
- Entertainment
- West Australian
Karratha set for WA Day finale celebration with live entertainment, sideshow alley and dazzling drone show
Karratha is set to mark the conclusion of Western Australia's month-long WA Day celebrations with a large-scale community event at Bulgarra Oval on Sunday, June 22. From 4pm-8.30pm, the free event will feature live music, rides, food trucks, and a drone light show, transforming the oval into a vibrant celebration. The entertainment line-up includes local artists James Wilson, and Gemma Luxton and The Highway Boys – a country-rock band known for their crowd-pleasing mix of tunes. Sideshow alley will provide a variety of attractions for all ages, including family-friendly rides such as the Dreamland Tracked Train and Tropical Island Combo and high-adrenaline options like the Zipper. A range of food vendors will also be on-site, offering diverse dining options throughout the event. The evening will conclude with a drone show lighting up the night sky in a visual tribute to the people and culture of Western Australia. The event is presented by Rio Tinto and Woodside, with support from the State Government and Lotterywest, as part of the WA Day Festival – a Statewide program celebrating Western Australia's heritage, diversity and community spirit.
USA Today
04-05-2025
- Sport
- USA Today
LSU men's basketball fills out roster with star overseas guard
LSU men's basketball fills out roster with star overseas guard LSU men's basketball picked up its third commitment of the week. This time, it comes from one of the best international talents. Israeli guard Ron Zipper will join the Tigers for the upcoming season, per an announcement on social media. The 22-year old has four years of eligibility after playing for one of the best professional leagues in Europe. In Israel's first division, Zipper averaged 11 points per game and earned recognition as a sharp shooter, shooting 38% from three. He was the MVP of the 2021 FIBA U18 EuroBasket and a regular member of Israel's national teams. Now, the six-foot-four guard will try his hand at Power Four basketball. LSU head coach Matt McMahon put in work over the last week to add to his team. Memphis' PJ Carter and UC Davis' Pablo Yamba committed to the program in the last week, adding to an active early period during the spring transfer portal window. With the addition of Zipper, the Tigers will certainly have a competition for time in the back court as he is the fifth new perimeter player.
BBC News
11-04-2025
- Business
- BBC News
Hereford's free Zipper bus service to be axed, says mayor
A city's free bus service that has been taking people on short journeys since 2023 is to be axed next year, amid concerns over City Council has said its three green, electric Zipper buses, named Handsome Norman, Pilot and Green Horse, will stop running in 2026 when the contract month, the council said the buses were averaging almost 500 passenger journeys per day, describing the figures as "incredible" and proof of the increasing popularity of the of Hereford Kevin Tillett said it had been a tough decision. "The bottom line is it is costing us a huge amount of money to run this free bus service," he stated. He added an estimate given before the service started had proved "a bit unrealistic"."We are only a parish council and we have a very, very modest budget," he said. Passenger Alison Walker said she used the service "all the time" to pick up her granddaughter on Thursdays and to get to work on Saturdays and Sundays, describing the provision as "great".But she complained: "Everything we have for free is taken away from us."She said a lot of older people used the service and said charging passengers fares would be better than losing it. "I'd pay a pound to go on it," she said. Brian Howarth, who uses the Zipper nearly every day for shopping, visiting town, and "just to get out", said: "If you want to do any shopping in Asda, it's a long walk from the bus station."He said losing the Zippers "impacted everything", adding: "You'll just have to walk." The mayor said each journey was currently costing £1.80 per said if journeys were paid for, people would not use the buses."We would have to be charging well in excess of £2 a journey to even make it slightly pay its way. We'd probably still end up having to subsidise it," he said. Follow BBC Hereford & Worcester on BBC Sounds, Facebook, X and Instagram.
