Tag Archives: Zombie

In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link

Just like a zombie, Sears continues to show that it refuses to die.  But one market this zombie will no longer be patrolling is its own backyard of Illinois. The company — bankrupt since 2018 and now known as Transformco — said this week it will close its last remaining Sears store in the state on Nov. 14, 2021. A nearby Kmart store had previously been closed.  Sears headquarters is in Hoffman Estates, Ill. The Sears store at Woodfield Mall opened in 1969, and was the location’s first… Source link

Russia is seeking to unlock unknown prehistoric viruses up to 50,000-years-old by extracting biological material from carcasses of ancient animals frozen in permafrost. Scientists from the Kremlin’s equivalent of Porton Down are this week taking samples from a collection of beasts preserved in ice which have been found in recent years. They are working with the remains of extinct woolly mammoths and hairy rhinos, as well as prehistoric dogs, horses, elk, rodents and hares. The oldest animal… Source link