DarkandStormy

Ohio Fortune 1000 Companies, by MSA: Cincinnati MSA (8) 24. Kroger 51. Procter & Gamble 314. Western & Southern Financial Group 411. Fifth Third Bancorp 473. Cintas 510. American Financial Group 534. Cincinnati Financial 994. E.W. Scripps Columbus MSA (19) 14. Cardinal Health 83. Nationwide 205. American Electric Power 466. Huntington Bancshares 482. Bath & Body Works 549. Greif 550. Victoria's Secret 597. Vertiv Holdings 609. Big Lots 629. Worthington Industries 706. Franchise Group 714. Bread Financial Holdings 729. M/I Homes 756. Scotts Miracle-Gro 758. Mettler Toledo International 789. Abercrombie & Fitch 849. Designer Brands 930. Advanced Drainage Systems 950. Installed Building Products Cleveland MSA (16) 88. Progressive 170. Cleveland-Cliffs 178. Sherwin-Williams 261. Parker-Hannifin 372. TravelCenters of America 421. Avery Dennison 459. KeyCorp 526. RPM International 613. TransDigm Group 669. Avient 770. Applied Industrial Technologies 777. Lincoln Electric Holdings 813. Hyster-Yale Materials Handling 823. Medical Mutual of Ohio 969. Nordson 974. Olympic Steel Akron MSA (2) 191. Goodyear Tire & Rubber 343. FirstEnergy Toledo MSA (5) 239. Andersons 387. Dana 395. Owens Corning 519. O-I Glass 583. Welltower Findlay MSA (1) 16. Marathon Petroleum Wooster MSA (1) 465. J.M. Smucker Canton-Massillon MSA (2) 696. Timken 829. Diebold-Nixdorf 54 Fortune 1000 companies by my count. -New entrants are Advanced Drainage Systems (930) and Installed Building Products (950). -Cincinnati Financial (-167), Scotts Miracle-Gro (-140), and Diebold-Nixdorf (-125) all dropped over 100 spots. -Worthington Industries (+177) was the only mover up over 100 spots as they saw their revenues rise more than 65% YoY. -Someone can cross reference this, but I believe we lost Joann, Ohio National Mutual, and Chemed out of the Fortune 1000.

Indeed, my now-ex-employer has made the Fortune 1000.

https://www.50pros.com/fortune500 It is, indeed, that time of year again. 24 Ohio companies have made the Fortune 500 for 2023.

https://www.rollingstone.com/politics/politics-news/elon-musk-tucker-carlson-fox-birth-control-abortion-1234717505/ Tucker Carlson and Elon Musk discussed this last night, citing, without evidence, the "population collapse." Getting a lot of eugenics vibes from the few people publicly making a big deal out of this.

These weirdo freaks are in their 30s and have 3 kids, if I read the article correctly. Hardly abnormal or noteworthy.

Interesting you singled out those three and not, say, Elon Musk.

https://www.cnn.com/2022/04/05/health/us-women-health-care/index.html Maybe more women would be fine having kids if our maternal mortality rate wasn't the highest among industrialized nations.

Not sure if the East Palestine situation deserves its own thread, but I'm seeing more and more people questioning the government handling and messaging of what's going on there. Don't know if/when it dips into "conspiracy theory" territory, though.

https://www.bizjournals.com/columbus/news/2023/02/09/root-insurance-lawsuit-cmo-bc-silver.html Root Insurance sues former marketing chief, claiming $9.4M 'brazen and sophisticated scheme' Root seems like a money laundering front at this point.

Several things: -Ohio's fertility rate is above that of the U.S. -Fertility rates are on a slight climb post-covid -> anecdotally, almost everyone I know age 25-35 is having kids this year or had one last year -Columbus has a pretty diverse economy -> state government, insurance, universities, probably several other sectors I'm leaving out -Housing shortage is still a thing in the metro area, though with interest rates rising it's harder for people to qualify for housing Imo, a lot of these population projections are just guesses. Even the CBO estimates by the 2040s we will have a net negative natural population growth (births < deaths) for the country and all of our population growth will have to come from net migration.

A lot of layoffs have been announced in the past month - driven mostly by tech companies. I'll be curious to see Feb & March unemployment numbers.

https://www.greencarcongress.com/2023/01/20230114-lghonda.html#:~:text=14 January 2023,(EV) produced by Honda. A small update on the Honda plant near Jeffersonville.

https://www.wsj.com/articles/evs-made-up-10-of-all-new-cars-sold-last-year-11673818385 10.5m vehicles in 2022 had an electric component - a roughly 70/30 split between BEVs and PHEVs.

I wonder what this is.

https://www.dispatch.com/story/business/2022/08/03/sliding-sales-leads-scotts-miracle-gro-cut-hundreds-jobs/10223153002/ https://www.wsj.com/articles/scotts-miracle-gro-shortage-glut-inventory-fertilizer-11663261193 Not sure it's been discussed here much, but things sound very dire for Scotts at the moment. I have a friend who works there and it does sound like a ****show. Just some highlights of what I've heard (some if it reflected in the articles above): -blow out sales in 2020 & 2021 -> largely due to the pandemic, people spending more time at home and deciding to work on their yards/gardens -up to $200m in sales missed because Scotts couldn't keep up with demand -the huge years led to a lot of financial irresponsibility internally - things like paying out 250% of bonuses or just deciding to give employees $3k in bonuses -much of management saw the '20 & '21 trajectories and wanted to keep planning out that way, but the CFO at the time (not sure which one) said '19 should be the baseline and the company should strive for a small % growth over that rather than the huge double digit % increases of the last couple years -that CFO got canned because no one liked that idea -they have, I believe, an interim CFO currently who is the 4th person in that position in just the last couple years -additionally, Scotts loaded up on cheap debt when rates were low and now they're in jeopardy of breaching those debt covenants, so they're looking to drastically reduce expenses (head count reduction dominating the headlines, of course) -my friend estimated 40% of all VP level positions have been laid off -in September, directors and above were supposedly paid 40% cash and 60% equity...but the equity didn't vest until 30 days later, at which point the stock had dropped some 20% -they've supposedly gutted all of the on campus services - pool, gym, doctor's office, pharmacy, etc. -they attempted to do a furlough (again, to cut expenses) but there was enough push back that it didn't go through (yet) -401k matches used to occur every pay period - now they are only paid out twice a year -they even attempted to sell their undeveloped land back to Marysville, but the city said no

https://insideevs.com/news/629973/us-hydrogen-fuel-cell-car-sales-2022q4/ Hydrogen fuel cell vehicles appear to be struggling to catch on in the U.S. (probably because there are so few hydrogen stations). https://insideevs.com/news/629918/global-plugin-car-sales-november2022/ Through November: Some 18% of global car registrations in November had a plug-in component. For FY22, it'll probably end up near 10m units and over 14% market share (~10% BEVs & ~4% PHEVs). For 2023, expect total units to rise as well as market share. With bans on ICE cars on the horizon, manufacturers are having to pivot quickly. 1 out of every 5 cars sold in 2023 will likely be electrified / have a plug-in component.

Sherrod Brown is the only one who has rhythm.

https://ir.joinroot.com/node/8701/html A Friday night 8-k dump -> a Root employee has allegedly stolen at least $9.5m.

-2022: -27.5% (vs S&P 500 -20.62%)

The "top" was one month after I posted this, fwiw. (I should have heeded my own warning lol)

I know this isn't a stock thread, but are there serious concerns about Root being able to exist/survive as a company? Revenues have declined QoQ for quite awhile now and losses continue to persist (between $4.50 and $7.00 per share the last four quarters).