logo
Pontiac misses out on $2M state grant to revamp downtown but says the project will go on

Pontiac misses out on $2M state grant to revamp downtown but says the project will go on

Yahoo01-05-2025

The city's plans to give Madison Street in downtown Pontiac a makeover with road resurfacing and new sidewalks got some bad news recently that will affect how fast the project gets done.
The city applied for a $2 million grant from the Illinois Department of Commerce and Economic Opportunity but will not receive it this year.
The funds were part of a $30 million award from the Rebuild Illinois Downtowns and Main Streets and Research in Illinois to Spur Economic Recovery (RISE) programs.
Pontiac wanted to use the money to upgrade downtown sidewalks and streets in an area west of North Chicago Street to North Oak Street.
'The basic plan was covering four blocks, altogether,' Mayor Bill Alvey said. 'The northside would be the primary focus.'
More: Illinois 116 is being redone in Pontiac. Here's what you need to know
According to City Administrator Jim Woolford, the money the city was requesting was going to be spent on street resurfacing and addressing the width and slopes of the sidewalks along Madison Street.
The city is still looking at the project, Woolford said, but it will have to be done in parts over time, which poses a design challenge.
'We want it all to look the same,' he said. 'That's going to be the key that the design fits with the overall scope of the plan.'
Although it had been two lanes in the past, Madison Street has been one lane for a few years. It has angled parking on both sides.
'If we widen the sidewalks, it would happen on the sidewalk and not into the street,' Woolford said. 'There might be some parallel parking on one side and angled parking on the other. But that final plan hasn't been determined.'
The plan is not defeated, Alvey said.
'We will revamp our ideas and move forward,' he said. 'It's in a TIF district so there will be TIF funding at the moment and other grants that we are pursuing to enhance and improve the flow of traffic downtown.
"It's still something we have in the planning stage. We'll keep working on it.'
Erich Murphy is a reporter at the Pontiac Daily Leader.
This article originally appeared on Pontiac Daily Leader: Plans moving forward despite city missing out on grant

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Enliven Therapeutics, Inc. (ELVN) Backed by Goldman Sachs After Strong Trial Data
Enliven Therapeutics, Inc. (ELVN) Backed by Goldman Sachs After Strong Trial Data

Yahoo

time3 days ago

  • Yahoo

Enliven Therapeutics, Inc. (ELVN) Backed by Goldman Sachs After Strong Trial Data

Enliven Therapeutics, Inc. (NASDAQ:ELVN) is among the best NASDAQ stocks under $50 to buy. On Monday, analysts at Goldman Sachs started coverage on Enliven Therapeutics, Inc. (NASDAQ:ELVN) with a Buy rating and a $37.00 price target, implying a rise of about 60% from the current levels. The firm's confidence in the stock stems from favorable Phase 1 data for the company's chronic myeloid leukemia (CML) solution. The investment bank noted that ELVN-001's sustained efficacy data, presented during the European Hematology Association meeting, highlighted a 47% overall cumulative major molecular response (MMR) rate by 24 weeks and a 41% response in tyrosine kinase inhibitor (TKI)-resistant patients. These results surpassed the fourth-generation Scemblix by Novartis (SIX:NOVN) figures, with a difference of 10% and 32%, respectively. A biologist in a laboratory examining a microscope for small molecule inhibitors. The company is all set to launch a Phase 3 trial in 2026, which in itself is a $3 billion opportunity. If we look at the three-year return, Enliven Therapeutics, Inc. (NASDAQ:ELVN) exhibited a return of a whopping 1,980.18% in contrast to the 64.53% return by the market. Calling this simply an 'amazing' performance would be an understatement. Enliven Therapeutics, Inc. (NASDAQ:ELVN), headquartered in Boulder, Colorado, is a clinical-stage biopharmaceutical company. The company focuses on the recognition and development of small-molecule inhibitors to assist people living with cancer, improving survival and overall well-being. While we acknowledge the potential of ELVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

Buy 4 Discretionary Stocks With Upside as Inflation Continues to Cool
Buy 4 Discretionary Stocks With Upside as Inflation Continues to Cool

Yahoo

time4 days ago

  • Yahoo

Buy 4 Discretionary Stocks With Upside as Inflation Continues to Cool

Inflation is cooling at a faster rate than expected, much to the relief of millions of consumers who were reeling under the fears that the nation's economy could slip into a recession as President Donald Trump's tariffs could further weigh on the economy. The fears have been largely alleviated over the past month after the tariffs were temporarily paused, and with the United States and China finally reaching a trade deal last week, investors' confidence is finally rebounding. Given the positive sentiment, it would be prudent to invest in consumer discretionary stocks such as Carnival Corporation & plc CCL, Fox Corporation FOX, Netflix, Inc. NFLX and Interface, Inc. TILE. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Commerce Department reported last week that the consumer price index (CPI) rose 0.1% sequentially in May, lower than the consensus estimate of a 0.2% rise. Year over year, CPI increased 2.4%, which came in line with analysts' expectations. Core CPI, which excludes the volatile food and energy components, rose 0.1% sequentially in May and 2.8% from the year-ago levels, lower than analysts' expectations of a rise of 0.3% and 2.9%, respectively. One of the major reasons behind the decline was a 1% month-over-month drop in energy prices. New and used vehicle prices declined 0.3% and 0.5%, respectively. Meanwhile, average hourly earnings increased 0.3% month over month in May and 1.4% on a year-over-year basis. Trump has been repeatedly calling for rate cuts to boost the economy. The Federal Reserve has maintained a cautious stance and has yet to signal a rate cut. The Fed last cut interest rate by 25 basis points in December before halting it this year as inflation showed signs of rising. However, investors are hopeful that the Federal Reserve may finally resume its rate cuts in September as inflation has sharply declined over the past three months. Market participants are hopeful about two interest rate cuts of 25 basis points each this year. Also, trade tensions have eased substantially, with the United States reaching a trade deal with China, its biggest trading partner, last week. Negotiations with other countries are also ongoing, and more trade deals are likely to be reached in the near term. Given the positive sentiment, it would be ideal to invest in consumer discretionary stocks. Carnival Corporation & plc operates as a cruise and vacation company. As a single economic entity, CCL forms the largest cruise operator in the world. Carnival Corporation & plcis the world's leading leisure travel firm and carries nearly half of the global cruise guests. Carnival Corporation's expected earnings growth rate for the current year is 31.7%. The Zacks Consensus Estimate for current-year earnings improved 1.1% over the last 60 days. Fox Corporation produces and distributes news, sports and entertainment content. FOX's brand includes FOX News, FOX Sports, the FOX Network, the FOX Television Stations and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network. Fox Corporation's expected earnings growth rate for the current year is 32.4%. The Zacks Consensus Estimate for the current-year earnings has improved 1.1% over the past 60 days. Netflix, Inc. is considered a pioneer in the streaming space. NFLX has been spending aggressively on building its portfolio of original shows. This is helping Netflix sustain its leading position despite the launch of new services like Disney+ and Apple TV+, as well as existing services like Amazon Prime Video. Netflix's expected earnings growth rate for the current year is 27.7%. The Zacks Consensus Estimate for current-year earnings has improved 3.3% over the past 60 days. Interface, Inc. is the world's largest manufacturer of modular carpets, which it markets under the Interface and FLOR brands. TILE is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value. Interface's expected earnings growth rate for the current year is 8.2%. The Zacks Consensus Estimate for current-year earnings has improved by 2.6% over the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Fox Corporation (FOX) : Free Stock Analysis Report Interface, Inc. (TILE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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

European Market Highlights BE Semiconductor Industries Among 3 Stocks Considered Below Fair Value Estimates
European Market Highlights BE Semiconductor Industries Among 3 Stocks Considered Below Fair Value Estimates

Yahoo

time13-06-2025

  • Yahoo

European Market Highlights BE Semiconductor Industries Among 3 Stocks Considered Below Fair Value Estimates

As the European markets experience a rise in major stock indexes, buoyed by easing inflation and a favorable monetary policy stance from the European Central Bank, investors are increasingly on the lookout for opportunities that might be undervalued. In this environment of cautious optimism, identifying stocks that are trading below their fair value estimates can offer potential advantages to investors seeking to capitalize on market inefficiencies. Name Current Price Fair Value (Est) Discount (Est) VIGO Photonics (WSE:VGO) PLN516.00 PLN1020.43 49.4% TTS (Transport Trade Services) (BVB:TTS) RON4.27 RON8.44 49.4% Trøndelag Sparebank (OB:TRSB) NOK114.00 NOK223.41 49% Sparebank 68° Nord (OB:SB68) NOK183.40 NOK362.62 49.4% Montana Aerospace (SWX:AERO) CHF19.70 CHF38.70 49.1% Lectra (ENXTPA:LSS) €23.75 €46.59 49% doValue (BIT:DOV) €2.212 €4.41 49.9% Airbus (ENXTPA:AIR) €162.80 €324.82 49.9% Absolent Air Care Group (OM:ABSO) SEK210.00 SEK415.92 49.5% ABO Energy GmbH KGaA (XTRA:AB9) €37.20 €73.22 49.2% Click here to see the full list of 174 stocks from our Undervalued European Stocks Based On Cash Flows screener. Below we spotlight a couple of our favorites from our exclusive screener. Overview: BE Semiconductor Industries N.V. is a company that develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries globally, with a market cap of approximately €9.74 billion. Operations: The company's revenue segment is primarily focused on Semiconductor Equipment and Services, generating €605.30 million. Estimated Discount To Fair Value: 20.8% BE Semiconductor Industries is trading 20.8% below its estimated fair value of €154.94, indicating potential undervaluation based on cash flows. Despite recent flat revenue guidance and slight declines in Q1 2025 earnings, the company forecasts significant annual profit growth of 24.6%, outpacing the Dutch market's average. Additionally, a robust future return on equity of 56.6% is expected within three years, enhancing its investment appeal despite recent share price volatility and stable revenue projections. According our earnings growth report, there's an indication that BE Semiconductor Industries might be ready to expand. Take a closer look at BE Semiconductor Industries' balance sheet health here in our report. Overview: LINK Mobility Group Holding ASA, along with its subsidiaries, offers mobile and communication-platform-as-a-service solutions and has a market capitalization of NOK7.44 billion. Operations: The company generates revenue through its segments in Central Europe (NOK1.73 billion), Western Europe (NOK2.14 billion), Northern Europe (NOK1.55 billion), and Global Messaging (NOK1.55 billion). Estimated Discount To Fair Value: 42.2% LINK Mobility Group Holding is trading at NOK 26.2, significantly below its estimated fair value of NOK 45.33, highlighting potential undervaluation based on cash flows. Despite a recent dip in quarterly earnings and revenue, the company forecasts robust annual profit growth of 38%, surpassing the Norwegian market average. Recent successful refinancing through a EUR 100 million bond issuance further strengthens its financial position amidst ongoing share buybacks and strategic debt management initiatives. In light of our recent growth report, it seems possible that LINK Mobility Group Holding's financial performance will exceed current levels. Delve into the full analysis health report here for a deeper understanding of LINK Mobility Group Holding. Overview: Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users both in Germany and internationally, with a market cap of €307.43 million. Operations: The company's revenue from its camera segment is €199.67 million. Estimated Discount To Fair Value: 29.9% Basler Aktiengesellschaft is trading at €10, below its estimated fair value of €14.26, suggesting undervaluation based on cash flows. The company reported Q1 2025 sales of €59.46 million and net income of €4.79 million, a significant improvement from the previous year's loss. Despite volatile share prices recently, Basler's forecasted revenue growth outpaces the German market average and anticipates profitability within three years, underscoring potential long-term investment appeal amidst current geopolitical uncertainties. Our expertly prepared growth report on Basler implies its future financial outlook may be stronger than recent results. Dive into the specifics of Basler here with our thorough financial health report. Get an in-depth perspective on all 174 Undervalued European Stocks Based On Cash Flows by using our screener here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTAM:BESI OB:LINK and XTRA:BSL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store