John Whitefoot

John Whitefoot is an editor at Lombardi Financial, specializing in low-priced investment opportunities. John has been a financial writer since the late 1990s and has written on everything from penny stocks to blue chip stocks to the broader issues that affect the stock market. John has profiled more than 1,000 low-priced stocks, researching and covering numerous sectors including health care, media, manufacturing, IT, education, hospitality, natural resources, and retail. As an editor at Lombardi Financial, John has enhanced his understanding of economics, turning his attention to individual stocks and other investing opportunities. John is primarily a fundamental analyst. His focus is on “off-the-radar” situations with big upside potential for the individual investor. Outside of his professional life, John stays active through tennis and sailing. He also enjoys collecting antiquarian books and art. You can contact John at j.whitefoot@americaclosed.com

Serco, a Wentzville Obamacare Processing Center, Is Closing, Affecting 850

Serco Closing

Serco Inc. announced it is shuttering its processing facility in Wentzville, Missouri in June, a move that will affect 850 employees. Serco Inc., the Americas division of British-based Serco Group plc (LON:SRP), processes Affordable Care Act (Obamacare) applications at the facility in Wentzville. When the Wentzville Center opened in the summer of 2013, it hired (more…)

Penthouse Global Media Files for Bankruptcy for Third Time

Penthouse Global Media

The third time’s the charm. Penthouse Global Media, Inc. has filed for Chapter 11 bankruptcy protection for the third time. The company previously filed for restructuring in 2003 and 2013. The 2018 filing said little about the company’s debt, but listed estimated liabilities of between $10.0 million and $50.0 million. Interestingly, its two top creditors (more…)

Amazon Cutting 58 Jobs At North Charleston Self-Publishing Business

Amazon layoffs

Amazon.com, Inc. (NASDAQ:AMZN) is laying off 58 employees in North Charleston, South Carolina this summer. The move comes just a year after Amazon moved CreateSpace, its book printing facility, out of the city. CreateSpace, Amazon’s self-publishing service, is laying off employees in its editing, marketing, and design division in July. The company has decided to (more…)

December Retail Hiring Plunges Nearly 90%, Lowest on Record

December retail

While the holiday shopping sales were strong, it was a different matter altogether for frontline retail workers. According to a report from Challenger, Gray & Christmas, retail hiring in December was the lowest for the month on record. December tends to be the month that retailers hire seasonal employees, but that wasn’t the case in (more…)

Parker School Uniforms Retail Alignment Fails, Abruptly Closes All Stores, Everyone Laid Off

Parker School Uniforms

Parker School Uniforms, one of the largest providers of school uniforms in the country, abruptly closed all of its stores and laying off all employees. That said, the Houston-based company did file a Worker Adjustment and Retraining Notification (WARN) report with the Texas Workforce Commission on January 5 saying it was laying off 320 people, effective (more…)

Clearwater Paper Layoffs: Company to Downsize this May

Clearwater Paper Layoffs

Clearwater Paper Corp (NYSE:CLW) has confirmed plans to lay off upwards of 100 employees this spring at its Lewiston, Idaho tissue converting mill. The company blamed industry competition and said the operations are being restructured to “align with current market conditions.” A number of the cuts, between 80 and 100 positions, will come through attrition (more…)