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

U.S. Retailer Marsh Supermarkets Files for Bankruptcy

Bankcurptcy

Marsh Supermarkets, Inc., a retail food chain with stores throughout Indiana and parts of Ohio, filed for Chapter 11 bankruptcy in May, as it looks to sell off its remaining 44 stores. Founded in 1931 by Ermal Marsh, the business was running 116 supermarkets and 154 convenience stores in 2006 when Sun Capital took the (more…)

President Trump’s Proposed Budget Could Bankrupt Cities and Towns

Bankruptcy

President Trump’s Proposed Budget Could Bankrupt Cities and Towns On May 23, 2017, the Donald Trump administration sent its budget proposal to U.S. Congress. The budget, which White House Budget Director Mick Mulvaney says should be called “A Taxpayer First Budget,” is aimed at respecting taxpayers, balancing the budget, and returning the country to sustainable (more…)

Parent Company of Winn-Dixie Announces Store Closures, Job Losses

Store Closed

Southeastern Grocers LLC—the parent company of BI-LO, Harveys, Winn-Dixie, and Fresco y Más grocery stores—announced that it will be closing 20 stores. This is expected to lead to an unspecified number of layoffs. Southeastern Grocers is the fifth-largest conventional supermarket chain in the United States and the second-largest conventional supermarket in the southeast U.S., based (more…)

Ford to Lay Off 10% of Workers

Ford

Ford Motor Company (NYSE:F) is probably the most iconic American auto manufacturer in history. Yet, despite being the leading seller of trucks and SUVs—at a time when sales are soaring—Ford is expected to announce it will lay off 20,000 employees, which is about 10% of its global workforce. Of Ford’s 200,000 employees, half of them (more…)