Portfolio watch
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Tri-County unemployment rate remains unchanged in November
For the second straight month, the unemployment rate along the Central Coast didn’t see much change, according to the latest data from the California Employment Development Department. Released Dec. 20, the unemployment rate of the tri-counties was at 4.36% for the month of November, the same unemployment rate the Central Coast saw in October and up slightly Read More →
Tri-county stock roundup after tumultuous week
With markets rebounding on December 20, most Central Coast stocks retraced some — but not all — of their declines during a week that saw the worst performance for the Dow Jones Industrials since the 1970s. One notable exception was Mission Produce which posted a 17.75% gain on the 20th and gained nearly 10% for Read More →
Portfolio watch
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Newton Golf secures $8.4M in public offering
Camarillo-based Newton Golf, formerly known as Sacks Parente Golf, announced Dec. 14 that the company generated approximately $8.4 million, before deducting underwriting fees and other estimated offering expenses payable by the firm during its underwritten public offering. The offering, which closed on Dec. 13, consisted of seven million common units with the public offering price Read More →
Vital signs: Examining job openings and labor turnover in California
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Nationwide Medical enters into partnership with heathcare PE firm
Calabasas-based Nationwide Medical, a national provider of home medical equipment and clinical services for patients with chronic sleep and respiratory conditions, announced that it has entered into a growth partnership with Heritage Group, a healthcare-focused private equity firm. Announced Dec. 12, this partnership will help Nationwide in the next stage of growth and Heritage’s “unique Read More →
