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Dougal

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  1. "How Cleveland is modernizing Ohio's Wine Scene" https://www.winemag.com/2019/08/28/clevelands-wine-guide/?sfns=xmwa
  2. My brother-in-law owns a custom programming shop and is sold on Robotic Process Automation (RPA) and writing task specific "bots". He feels that block chain is basically a storage technique that may or may not solve some security problems. The report that Ohio BMV is looking into block chain is good news for Mr. Moreno, however - or maybe a sign he knows how to lobby Columbus. https://www.crainscleveland.com/government/ohio-bmv-poised-be-states-springboard-blockchain-technology
  3. I looked and couldn't find it. Good news from your source.
  4. Crain's reports Nov auto sales down slightly year over year But ... For the two best sellers, Ford sales were down 15.9% and Chevy sales down 18.5%, while Audi, BMW, Cadillac, Jaguar, Lexus, Lincoln, Mercedes-Benz and Porsche sales were all up. Interesting dichotomy, perhaps reflecting the area's demographic churn. https://www.crainscleveland.com/retail/november-new-vehicle-sales-northern-ohio-skidded-more-10
  5. Ok, that's a fair reading; I guess I'm being impatient. He DID talk about more growth.
  6. Sorry to say, this report would seem to indicate that Cleveland's suggested site is not on the front burner at City Club. https://www.rejournals.com/commercial-real-estate-hall-of-fame-city-club-apartments-holtzman-20191210
  7. Dougal

    Famous Ohioans

    Early Ohio Governor Ethan Allen Brown, in office 1818-1822 ... does anybody know if he was actually related to Ethan Allen, the revolutionary war hero? Brown was born on July 4, 1776, a time before Allen was famous (infamous, some would say). If not is there an active Ohio history forum online or otherwise?
  8. Yet ... I think the shoe will start to pinch as redevelopment in Hough accelerates.
  9. Speaking of new F500 companies, Cleveland's Transdigm, which will probably rank somewhere just north of 500 when the 2019 list comes out, has been quiet lately. Meanwhile mostly-aerospace manufacturer Moog (sales about $3 billion a year, based near Buffalo) is having margin contraction problems and is selling at a P/E ratio in the mid-teens. Moog's Class A stock has jumped about $4 yesterday and this morning (almost 5%). I wonder if another merger is in the offing. (Fair disclosure: I'm long MOG shares and short puts.)
  10. AK is a risky purchase for CLF; the world is awash in steel capacity these days. Goncalves, however, has a rep for making these things work. Now we wait for the City Block/Bedrock announcement due today ... I'm guessing the Cleveland press will cover this one.
  11. The joint presser cites $120 million in annual savings from elimination of common staff functions. That says to me that the growth in Cleveland will be meaningful but not huge.
  12. ^ A couple of interesting comments in the above cited Cincy report: AK is expected to retain a "significant presence" in West Chester, their current headquarters. I take that to mean it will be the operational HQ for steel production. Things like legal, finance, and other common management elements will probably move to Cleveland, producing a little bump up at Cliff's downtown Cleveland offices. A sad comment: "The announcement follows an ongoing trend of local public companies disappearing." Sounds like the Cincy biz journal is getting as pessimistic as some Cleveland folks.
  13. I believe that acquisition fell through - thank God.
  14. Cleveland Cliffs to acquire AK Steel for $3 billion. https://www.bizjournals.com/cincinnati/news/2019/12/03/ak-steel-to-be-acquired.html?ana=yahoo&yptr=yahoo Congrats to Cleveland financial reporting for missing another big one. Correction: Other sources say $1.1 billion in CLF stock is the price.
  15. ^ For some reason (imagery too religious?) Lakeview's Wade Memorial Chapel (and its award-winning Tiffany glass) never gets the attention it deserves.
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