A debt deal is good, but until more of these are getting work, Seadrill remains risky. Image source: Seadrill. Offshore drilling contractor Seadrill Ltd. (NYSE: SDRL) operates the newest, most capable fleet of vessels operating, but it's also one of the most heavily leveraged offshore drillers, and it's the overhang of its big debt that's easily the biggest risk the company faces. On April 29, the company announced that it had reached agreement with its banking group to both give it more breathing room before nearly $3 billion of that debt comes due and amend key covenants related to all of its debt facilities.
IMAGE SOURCE: ZILLOW GROUP INC. Zillow Group (NASDAQ: Z)(NASDAQ: ZG) is set to release first-quarter 2016 results Tuesday, May 3, after the market close. With Zillow stock up more than 30% over the past three months on the heels of last quarter's better-than-expected showing, shareholders are undoubtedly hoping the online real estate specialist will be able to sustain its momentum -- especially as (to borrow the words of management during last quarter's call) Zillow chooses "to forgo near-term profitability to invest in long-term growth."Continue reading
Image source: Tesla. Last week, Seeking Alpha writer and longtime Tesla Motors (NASDAQ: TSLA) bear Anton Wahlman made some headlines by letting the world know that he was successfully able to put down 20 refundable reservation deposits for Tesla's Model 3. This was after Tesla had said it would implement a maximum order limit of two per customer.
From online lenders using automated credit-scoring systems to "robo-advisors” that have automated the business of wealth management, there’s no question technology is changing the financial services industry. Now, Daniel Nadler, chief executive of finance analytics firm Kensho, said low-level financial