Zoë Bernard, provided by Published 8:00 am, Friday, January 19, 2018 REUTERS/Beck Diefenbach Drew Houston is on top of the world. His company, Dropbox, is a sprawling enterprise with more than a thousand employees. The cloud storage giant now provides services to more than 500 million people and generates a billion dollars in annual revenue. Better yet for Houston, it could soon go public. Earlier this month, Dropbox quietly filed the paperwork for its initial public offering, becoming the first major company in 2018 to set those wheels in motion. But things weren't always easy for Houston or his company. He struggled with his initial entrepreneurial venture and faced several obstacles getting Dropbox off the ground. Dropbox started with just two people, and it's taken 10 years to get to the point it's at now. Local Channel Now Playing: Now Playing SAPD: 2 ejected during rollover crash on U.S. 90 San Antonio Express-News Overnight in S.A. metro, … [Read more...] about Here’s how Dropbox founder Drew Houston grew his company from a two-person startup to a billion-dollar enterprise
Shareholders who were hoping for a stellar 2017 at Axon Enterprise (NASDAQ: AAXN) -- better known by its former name, TASER International -- were in for a big disappointment last April. The company announced that to spur growth in its fledgling body camera business, it would be giving away the cameras and a year's subscription to the Evidence.com platform for free. This was a shrewd move for the long-run. But giving away some of your fastest growing products for free can have a huge effect on the bottom line: the company went free cash flow negative, and the stock underperformed the Nasdaq Composite by 19 percentage points. But 2018 could prove to be a very different year. Here's what to look for, and why I personally think that 2018 might not be the company's most profitable -- but could be its most important. Image source: Axon Why Evidence.com is so important Axon already has a very stable weapons business. Its TASER stun guns have a virtual monopoly in police forces … [Read more...] about Will 2018 Be Axon Enterprise’s Best Year Yet?
Axon Enterprise (NASDAQ: AAXN) has a leading position in the attractive markets for electroshock weapons and body cameras, but it hasn't been able to translate that strength into reasonable stock market performance. Over the last three years, while body camera sales have taken off, Axon's share price has risen just 8.2%, while the S&P 500 is up 39.3%. One big reason for the stock's underperformance is that Axon's profits have gone down even as sales have grown. Management's decision to invest heavily in developing and selling new body camera products took a bite out of the bottom line, but they're spending money with the hope that long-term the investment will pay off. In 2018, a financial return needs to start to reveal itself. Image source: Axon Enterprise. Spend money to make money The chart below gives a good outline of why Axon's stock has lagged the broader market for the last three years. Margins are down, particularly the operating margin, which is at an … [Read more...] about How Axon Enterprise Can Become a Home Run Stock in 2018
Last year didn't go quite as investors in Enterprise Products Partners (NYSE: EPD) hoped it would. Units of the master limited partnership (MLP) lost about 2% of their value, and provided a total return of about 4% after factoring in its distribution -- a far cry from the S&P 500's nearly 22% total return last year. However, because of that lackluster performance, Enterprise Products Partners entered 2018 trading at a remarkably cheap valuation for such a low-risk income stock. While it's not quite the bargain it was prior to its recent rebound, it still looks like a good MLP to consider buying in 2018, especially considering its growth plans. Image source: Getty Images. Still a reasonable option Units of Enterprise Products Partners entered 2018 selling for just 13.4 times distributable cash flow (DCF). For perspective, that was meaningfully below its historical average of more than 15 times DCF. Further, it's much cheaper than rivals Magellan Midstream Partners (NYSE: … [Read more...] about Is Enterprise Products Partners L.P. a Buy in 2018?
A nonprofit developer based in Silver Spring has become an affiliate of Columbia-based Enterprise Community Investment, a subsidiary of nonprofit affordable-housing organization Enterprise Community Partners. The Silver Spring developer, Community Preservation and Development Corp., owns or has developed more than 30 rental communities that house more than 10,000 people in Maryland, Washington and Virginia. Enterprise Community Investment provides financing for affordable-housing development. Enterprise has helped finance the creation of maintenance of 470,000 affordable homes, including 144,000 through low-income housing tax credit programs. The two groups hope to be stronger together in building and preserving affordable housing and offering services to residents, the organizations said in an announcement Tuesday. “Meeting America’s deepening housing challenges demands preservation of existing affordable properties,” Charlie Werhane, president and CEO of Enterprise … [Read more...] about Nonprofit Silver Spring developer has become affiliate of Columbia-based Enterprise