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How This Democratic Senatorâs Son Made $100 Million In Stocks And Why He Fled To Low Tax Florida
MARY BETH KOETH FOR FORBES
In the last ten years, hedge fund investor Adam Wyden made his investors 11 times richer by uncovering hidden stock gems. His biggest worry? That his Democratic Senator father will tax his gains to death.
From
the sun-drenched house heâs renting in the ritzy Miami enclave of Bay Harbor Island, Adam Wyden is livid at the news crossing his Bloomberg terminal. Itâs April 22, and markets are sinking on a report that President Biden aims to raise capital-gains tax rates to 39.6% for high earners, effectively doubling the rate for rich investors.
With this acquisition, we re bolting it together, Shaich said. The reality is that this is one of the most powerful opportunities that exist in restaurant technologies.
Par announced last week it would buy Punchh for $500 million. Since then, Par shares are up about 25%.
The stock has gained traction in recent years as the New Hartford, New York-based company turned its attention to hiring a strong workforce and improving its enterprise product offerings, CEO Savneet Singh said in the joint interview. Much of the last 18 months to two years has been focusing our capital allocation on software and then really rebuilding the entire management team from, you know, the likes of Google [and] Uber, he said.
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