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Lamar County sells $4.5M in certificates of obligation


With the highest bond rating in county history, Lamar County Commissioners’ Court sold $4.5 million in certificates of obligation at an interest rate of less than 1% at a Monday meeting.
Funds will be used to buy equipment and materials to improve county roads, replace jail doors at the county jail and to make repairs to the roof and air handling system at the courthouse.
FHN Financial Capital Markets of Memphis, Tennessee, turned in the low interest bid of 0.947630% among eight other financial institutions.
“You received a AA rating from Moody’s rating agency, which is the highest rating the county has ever had,” said Mark McLiney, senior managing director of SAMCO Capital Markets. “The strengths they pointed out included strong financial operations, strong liquidity, meaning you have very good fund balances, and very low debt compared to other counties, and you have low operating costs. The one weakness noted is per capita valuation.” ....

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LAST MINUTE GIFT GUIDE: New mattress could be the gift of a good night's sleep | Business

LAST MINUTE GIFT GUIDE: New mattress could be the gift of a good night's sleep | Business
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LSK and CUCKOO mattress collaboration


(LSK) seems to have come to life in recent weeks. Since late October, the stock has added 27 sen or almost 50% to its stock price.
On Thursday, CIMB Research upped its target price for the stock to RM1.60, indicating a significant 95% upside from its current price.
The research house said that LSK was driven by the defensive nature of its business, attractive valuation of 10.5 times price-earnings (PE) multiple for 2021, a net cash position of RM13.8mil and appealling dividend yields of 3.3% to 7.4%.
A good insight into changes going on at LSK came from its announcement this week of a collaboration with CUCKOO International (MAL) Sdn Bhd. ....

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