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Miscellaneous

Through our Miscellaneous category, Utah Money Watch provides perspective and contextual insights on subjects ranging from Clothing to Media and from Science to Transportation as viewed through the lens of finance.

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

On 04 November 2024, Hindenburg Research released a 15,000-word, deep-dive report alleging multiple misdeeds leading up to the April 2024 Initial Public Offering of PACS Group (NYSE:PACS), the Farmington, Utah-based owner, manager and operator of over 310 skilled nursing facilities in 17 states across the United States. Since

NEWS BRIEF: Utah Transit Authority to Spend $129 Million for 20 New Low-Profile Light Rail Vehicles for TRAX

NOTE: UTA's contract with Utah-based Stadler USA for these 20 new TRAX cars includes an option to purchase up to 60 additional vehicles during the the coming decade (pending additional funding). The Utah Transit Authority has placed a $129 million order to purchase 20 new low-profile, light rail

"Global Chaos" — The Inflection Point Driving the Coming Transformation of Utah's Quiet, yet Decades-Old, Emerging Ecosystem that will be at the Center of the Next Business Revolution in the "State of Deseret"

Welcome to this 3,500-word Report, the longest ever published by Utah Money Watch. We share this today because we believe the information reported on today, along with the implications contained herein, potentially portend a massive transformation for the business ecosystem in Utah. As such, we welcome your feedback and

NEWS BRIEF: Sweden's Hexatronic Begins Operations at its New $30 Million Production Facility in Ogden, Utah

NEWS BRIEF: Sweden's Hexatronic Begins Operations at its New $30 Million Production Facility in Ogden, Utah

Gothenburg, Sweden-based Hexatronic Group has begun operations in its newest production facility, a manufacturing plant located in Ogden, Utah. According to the Hexatronic news release, the company spent ~$30 million over the past 16 months (through its Lexington, Kentucky-based subsidiary, Blue Diamond Industries), to build-out and equip this new 38,

In Roughly 45 Days, the LDS Church Will Have Spent Nearly $500 Million to Buy over 105,000 Total Acres of Farm Land in Australia and the U.S.

In Roughly 45 Days, the LDS Church Will Have Spent Nearly $500 Million to Buy over 105,000 Total Acres of Farm Land in Australia and the U.S.

On Wednesday, 16 October 2024, the Church of Jesus Christ of Latter-day Saints will purchase 46 farms in the United States totaling over 41,000 acres for over $289 million, news likely deemed "material" by the seller's legal counsel, making it imperative the news was publicly

Utah's Unexpected Artist and Art Genre Inventor / Creator: Introducing Steve Bohls and "Bohlsean Art"

When you actually start digging into the data, it's fascinating to discover how many world-renowned artists actually started out doing something else before they began creating their art. This reality is not limited to painters or sculptors, but apparently crosses all genres of art and creativity. Cases in

The Top 17 Utah-focused Monetary, Financial and/or Business News Nuggets from September 2024 that You Might have Missed

The Top 17 Utah-focused Monetary, Financial and/or Business News Nuggets from September 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are significant and should be acknowledged as such. {In this writeup, you'll find info about 18 different Utah-based firms, 10 acquisitions, and nine separate executives, that