Oppenheimer analysts see fertile ground for Jacobs' plans at new venture QXO [Yahoo! Finance]
QXO, Inc. (QXO)
Company Research
Source: Yahoo! Finance
A report by analysts Scott Schneeberger and Daniel Hultberger at Oppenheimer & Co. makes numerous references to the synergies possible in the distribution of building products, a process that they and Jacobs alike note is highly fragmented. Unlike most reports by equity analysts, the Oppenheimer report on QXO (NASDAQ: QXO) does not come with a buy, sell or hold rating. The company has no revenue beyond the small stream of income from SilverSun, the software company that Jacobs acquired to serve as a vessel for going public. It has yet to make its first acquisition. (The report notes that Jacobs, president and CEO at QXO, has been involved in more than 500 of them in his career.) However, after several complicated steps that at times could be interpreted as giving QXO crazy market capitalization figures, the company's float is now tradable in the market. The stock price of QXO has been near $11 in recent days, giving it a market capitalization of about $8 billion, based on the 739
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QXO
News
- QXO: An Inexpensive Way To Bet A Proven Jockey [Seeking Alpha]Seeking Alpha
- European Shares Edge Lower as Focus Turns to Fed, BOE Decisions [BNN Bloomberg (Canada)]BNN Bloomberg
- Rexel's Largest Holder Cevian Backs Firm in Spurning QXO Bid [Financial Post (Toronto, Ontario, Canada)]Financial Post
- QXO Reports Second Quarter 2024 ResultsGlobeNewswire
- QXO's Share Plunge Erases $37 Billion in Paper Value [Yahoo! Finance]Yahoo! Finance
QXO
Sec Filings
- 8/28/24 - Form 4
- 8/14/24 - Form 10-Q
- 8/14/24 - Form 8-K
- QXO's page on the SEC website