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The Althea Group Holdings Ltd (ASX: AGH) share price is up 5.25% today and up 21.25% over the past four days, as the nano-cap grabs the attention of ASX investors again.

Althea is an ASX cannabis share. The company is focused on the manufacturing, sales, and distribution of cannabis-based medicines and recreational products around the world.

The share price jump follows Althea announcing a record result in its quarterly activities and cash flow report.

Althea share price rockets on record sales result

The company reported the following results for the three months to 30 June:

• Record quarter with $6.5 million in receipts, up 130% on the previous corresponding period (pcp)
• Net cash used for operating activities decreased by 50% during the quarter
• $22 million in receipts for FY22, up 113% on FY21
• $6.6 million cash on hand and no debt

In its statement, Althea said the FY22 result was achieved despite “serious macro headwinds throughout the year”. This included prolonged COVID-19 restrictions — which prevented the sales team from calling on doctors — related staff impacts, and the floods in Queensland and northern NSW.

What happened in the June quarter?

Althea has two business divisions — recreational cannabis (through the wholly-owned subsidiary company Peak Processing Solutions) and pharmaceutical cannabis (Althea).

In June, the recreational division achieved a record $3.6 million in receipts. The global medicines-based pharma business bought in $2.9 million.

Althea said increased sales and strict cost controls led to a 50% reduction in the net cash used for operating activities during the quarter. Costs went down to an all-time low of $1.1 million.

What did management say?

Althea CEO Joshua Fegan said:

Both the quarterly and FY2022 results were the best yet for AGH. [..]. we are very pleased to now be approaching a cash flow positive position.

Peak is proving to be one of the most promising recreational cannabis businesses in North America, quickly establishing itself as the leading supplier of cannabis beverages in Canada within a year of commencing operations.

Althea managed to grow in all territories despite sub-optimal trading conditions over the last 12 months, with our sales team’s access to doctors limited due to COVID-19 restrictions, impacting sales.

Althea continues to see very strong underlying demand for its cannabis-based medicines and aims this financial year to return to pre COVID-19 growth rates.

What’s next for Althea?

Althea has a range of new products set for launch during the first quarter of FY23.

The company anticipates a “significantly higher level of sales activity across all territories in FY2023
as market access returns to pre-COVID-19 levels”.

Althea has been investing in purchasing stock to ensure it can supply any increase in sales orders.

Althea is scaling its operations in the United Kingdom and Germany. It received product approval in Ireland in May.

The company is also cutting costs. It is currently finalising its annual review of operating expenditure and has identified approximately $1 million in annualised savings, mainly from corporate overheads.

Althea said these cost savings would be implemented in the current quarter.

The Althea share price has fallen 71% over the past 12 months. This compares with an 11% fall in the S&P/ASX All Ordinaries Index (ASX: XAO).

The post Why is the Althea share price up 20% in 4 days? appeared first on The Motley Fool Australia.

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More reading

• Why Althea, AnteoTech, New Hope, and Omni Bridgeway shares are pushing higher

Motley Fool contributor Bronwyn Allen has positions in Althea Group Holdings Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s going from bad to worse for the Sezzle Inc (ASX: SZL) share price this Wednesday. Sezzle shares have collapsed by another 15.7% so far this Wednesday and are now trading at 22 cents a share. That’s despite the All Ordinaries Index (ASX: XAO) having a day of mild gains so far today.

This latest plunge now puts the Sezzle share price down a painful 59.8% over the past five trading days alone. Yet, a week ago, Sezzle shares were over 50 cents each, a far cry from the 22 cents we see today (a new all-time low). Sezzle is now down a devastating 92.95% in 2022 thus far and more than 98% down from the all-time high of over $11 a share that we saw back in 2020.

So what on earth is going on with the Sezzle share price to elicit such a savage selloff from the market?

Why have Sezzle shares fallen another 16% today?

Well, it appears that it was the news we heard yesterday that is continuing to punish the Sezzle share price today. Yesterday, we learned that the deal between Sezzle and its fellow buy now, pay later (BNPL) share Zip Co Ltd (ASX: ZIP) has collapsed.

This deal, first gazetted back in February, would have seen Zip acquire Sezzle in full. It was to be an all-scrip deal worth almost $500 million at the time. This would have seen Sezzle shareholders receive 0.98 Zip shares for every Sezzle share owned.

However, both the Sezzle and Zip share prices have been in freefall ever since the deal was announced. As such, it had become increasingly clear that it would be difficult to implement on its original terms.

This all came to a head yesterday when both companies announced that the deal was off. Zip shares have responded very positively, up more than 7% since the deal was announced. But it has been Sezzle that has copped the worst of ASX investors’ disappointment.

So it’s likely that it is the continuing fallout from this merger deal falling through that is behind the savage day Sezzle shares have copped this Wednesday.

At the current Sezzle share price, this ASX BNPL share has a market capitalisation of $45 million.

The post Sezzle shares plunge another 16%, now down 60% in a week appeared first on The Motley Fool Australia.

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More reading

• Here’s a look at the 5 best ASX All Ords tech shares in FY22
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• Are falling BNPL shares pushing the ASX banks higher today?
• Outlook for Zip share price ‘uncertain’ following scrapped merger: UBS
• Why Allkem, Kogan, Metcash, and Sezzle shares are sinking

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Despite rebounding over the past couple of weeks, the Harvey Norman Holdings Limited (ASX: HVN) share price has fallen 20% this year.

This comes despite the company not releasing any announcements to the ASX since half year results in late February.

At the time of writing, the multi-national retailer’s shares are swapping hands for $3.91, up 1.56% for the day.

What’s dragging down Harvey Norman shares?

Investors have sent the Harvey Norman share price into freefall since March amid the gloomy outlook on the global economy.

With inflation levels soaring, this led the Reserve Bank of Australia (RBA) to significant ramp up interest rates.

In the March quarter, inflation rose by 5.1% which was the fastest annual pace over the past two decades.

Evidently, this affects consumer spending habits on discretionary items as the cost of debt gets more expensive.

It’s worth noting that the S&P/ASX 200 Consumer Discretionary (ASX: XDJ) index also backtracked 20% in 2022.

What do the brokers think?

Given that the Harvey Norman share price is trading 10% off its 52-week low of $3.53, is this a bargain?

As reported by ANZ Share Investing, Macquarie cut its outlook to neutral from outperform for the multi-national retailer’s shares.

In addition, the broker slashed its price target by 31% to $4.40 apiece.

This implies an upside of almost 12.5% based on today’s price.

JP Morgan also refreshed its rating on Harvey Norman shares by dropping its 12-month price target by 20% to $4.50.

It appears that despite the price reduction, both brokers believe that the current share price is undervalued.

Harvey Norman share price snapshot

Market volatility on the ASX has led the Harvey Norman share price to sink 26% over the last 12 months. These losses have mostly come from the past three months.

On valuation grounds, Harvey Norman commands a market capitalisation of roughly $4.80 billion.

The post Down 20% in 2022. Is the Harvey Norman share price in bargain territory? appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• Here are 2 ASX 200 dividend shares analysts rate as buys
• Why are ASX 200 retail shares getting bought up today?
• How did ASX 200 retail shares perform in June?
• Embattled ASX 200 retail shares primed for a comeback: experts

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Materials Index (ASX: XMJ) is 0.45% in the red today, but this ASX materials share is outperforming the index.

The Revolver Resources Holdings Ltd (ASX: RRR) share price is soaring 18.87% and is trading at 31.5 cents.

Let’s take a look at why this ASX materials share is having a good day?

Why is this ASX materials share going up?

Revolver Resources is exploring and developing copper projects in Queensland, Australia. This includes the Osprey and Dianne projects.

In today’s news, Revolver advised it has discovered a new “exciting” electromagnetic (EM) anomaly. This was found directly under the high grade copper zone at the Dianne project.

The Dianne mine is about 260km from Cairns. Exploration so far has identified high grade copper, along with zinc, silver, gold and cobalt.

Revolver described the new EM anomaly announced today as major and “potentially signicant”.

More specialist geophysics work will take place to help define the depth and type of anomaly. This will help guide further exploration activities.

Commenting on the news, managing director Pat Williams said:

We are building on the geological knowledge obtained from the phase 1 drill program by adding incremental state-of-the-art exploration activities.

Revolver share price snapshot

This ASX materials share has lost nearly 32% year to date, however, it has soared nearly 58% in a year.

For perspective, the ASX materials index has lost nearly 18% in a year and 13% year to date.

Revolver has a market capitalisation of about $26.7 million based on the current share price.

The post Guess which ASX materials share is beating the index to soar 19% today? appeared first on The Motley Fool Australia.

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More reading

• Analyst names 3 reasons to be bullish on the BHP share price
• Why has the Aristocrat share price increased 17% in two months?
• Here’s a look at the 5 best ASX All Ords tech shares in FY22
• These were the 5 top performing ASX energy shares of FY22
• 3 ways to handle a bear market like Warren Buffett

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The BHP Group Ltd (ASX: BHP) share price has been having a tough time of late.

Since this time last month, the mining giant’s shares have tumbled 16% to $37.07.

This leaves the BHP share price trading within touching distance of its 52-week low of $35.56.

Broker says BHP share price is great value

One leading broker that is sticking with the company is Goldman Sachs. This morning the broker retained its buy rating with a trimmed price target of $42.90.

Based on the current BHP share price, this implies potential upside of almost 16% for investors over the next 12 months.

Goldman is also forecasting some big dividend yields in the near term, which make the potential return even more attractive. Its analysts expect fully franked yields of approximately 14% and 8% in FY 2022 and FY 2023, respectively.

Three reason to buy

Goldman’s bullish view is predicated on three key reasons. The first is the premium valuation of the BHP share price. The broker believes the Big Australian’s shares deserve to trade at a premium due to its quality. It explained:

Relative valuation: BHP to continue trading at a premium to global mining peers (~0.5x premium to global mining peers over 10-yrs) which we believe can be maintained.

It is also positive due to the company’s positive growth opportunities in copper.

~US$20bn copper pipeline to drive production growth and value: BHP’s major opportunity (and challenge) is offsetting copper reserve depletion and grade decline through investing in copper reserves/resources (largest globally).

Finally, the broker highlights its strong free cash flow as another reason to be positive on BHP. It said:

Attractive FCF and capital returns outlook: BHP is trading on an attractive FCF/DPS yield of c. 9%/8% over the next 12-m. BHP’s minerals capex increasing to US$8-9bn by mid-decade (but below peer RIO at US$9-10bn)

The post Analysts name 3 reasons to be bullish on the BHP share price appeared first on The Motley Fool Australia.

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More reading

• $264 million! The 10 highest-paid CEOs on the ASX
• Investors were seeking out ASX shares in June. Here’s why
• Where is the BHP dividend heading through to FY25?
• ASX 200 mining shares glide lower as expert reduces commodity targets
• Here’s a look at what might happen to BHP shares in FY2023

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Something is going on with the Aristocrat Leisure Limited (ASX: ALL) share price.

Over the past two months, the S&P/ASX 200 Index (ASX: XJO) has gone down by 4.8%. Yet this ASX 200 constituent — in the perceived risky category of consumer discretionary, no less — has surged 16.7%.

In an environment of growing inflation and interest rates, why is an ASX consumer discretionary share on the rise?

Is value driving the Aristocrat share price?

The first potential driver is simple value. Aristocrat hit a 52-week low of $30.46 on 12 May. That appears to be when investors decided it was in the buy basket.

Aristocrat’s 52-week high is $49.65 (reached in November). So, based on today’s share price of $35.69 at the time of writing, there’s about a 40% potential upside available if Aristocrat should retrace to this high.

A $500 million share buyback program currently underway has also given investors more value.

Buybacks are good for shareholders because they result in future earnings being distributed across a smaller pool of shares. Ta-dah! That’s quick and easy earnings per share (EPS) growth.

And it’s not a one-off either. Aristocrat is adding an on-market buyback program, on an opportunistic basis, to its existing dividend policy.

On the day of the announcement, Aristocrat CEO Trevor Croker said:

Aristocrat’s exceptionally robust balance sheet and consistently strong cash flow generation enables us to reinvest in the business, retain our capacity to pursue acquisitions, and return cash via dividends and share buy-backs. We will continue to actively assess growth opportunities, including strategic acquisitions and investment in organic initiatives.

Are our bad habits supporting the share price?

Here’s the truth of the matter. We mere mortals tend to keep doing certain things no matter what the economy is doing — namely smoking, drinking, and gambling.

International research shows that while we might cut back in some ways, people will consume “affordable indulgences to offset their economic woes”. And gambling is part of that trend, other research shows.

That’s not a recommendation, by the way.

But does this human behaviour also partly explain why the Aristocrat share price is rising?

Perhaps investors feel they can count on Aristocrat’s customers to continue using their products and services more than those of other consumer discretionary businesses.

What about company news?

Aristocrat owns a portfolio of world-class poker machines and mobile games.

As we reported earlier this month, Aristocrat has been growing strongly in recent years. It’s gaining market share through its pokies division and its digital business, Pixel United.

Pixel United is generating significant and increasing annual recurring revenue (ARR) from its hugely popular games. 

Aristocrat is also expanding into the potentially lucrative real money gaming (RMG) market.

RMG comprises i-Gaming (tables and slots), online sports betting, and i-Lotteries.

Aristocrat says its $1.3 billion capital raising in October and continued strong business performance and cash flow “provides opportunity to invest strongly in growth initiatives, including a ‘build and buy’ strategy to scale in online RMG”.

Aristocrat recently tried to acquire United Kingdom RMG company Playtech PLC but the deal didn’t get enough shareholder support.

But Aristocrat has other RMG strategies. In a recent presentation, the company outlined how it will go about its goal “to be the leading gaming platform for the global online RMG industry”.

What are the experts saying about the Aristocrat share price?

As my Fool colleague James reported yesterday, top broker Morgans has an add rating on Aristocrat shares with a price target of $43.

The broker said:

It has delivered revenue growth of 17% pa over the past five years and 80% of revenue in FY21 was recurring. We expect ALL to continue to take market share in all its product segments.

Demand for its gaming machines and digital games is resilient to economic cycles. […] With $3.3bn of currently available liquidity, ALL has significant funding capacity for growth, even after the buyback.

Last week, we reported that Citi has a buy rating on Aristocrat shares with a price target of $41.

The post Why has the Aristocrat share price increased 17% in two months? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• 5 things to watch on the ASX 200 on Wednesday
• What are experts predicting will be the best-performing ASX sectors in FY23?
• Here are the top 10 ASX shares today
• Here’s why analysts are tipping these ASX growth shares as buys

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The 2022 financial year that has just wrapped up was a tough one for most ASX shares. FY2022 saw the All Ordinaries Index (ASX: XAO) lose around 11.05% of its value. But it was ASX tech shares that really took the brunt of investors’ selling proclivities over FY2022. While the All Ords took an 11.05% hit, the S&P/ASX All Technology Index (ASX: XTX) fell far harder, losing a painful 35% or so over the financial year.

So it might come as a surprise that there were many ASX tech shares that did very well over FY2022, outperforming both the All Ords and the All Tech index. Let’s check them out.

The 5 best ASX All Ords tech shares of FY2022

Our first All Ords tech share to check out is Reckon Limited (ASX: RKN). This accounting software company started FY2022 off at 95.5 cents per share but finished up at $1.20. That’s a rise worth a pleasing 25.65%. Shares of this company rocketed when it announced that it would be selling its Accountants Practice Management Group division back in May.

As we covered at the time, Reckon declared that it intended to sell this division to Access Group for $100 million, with the proceeds to be returned to shareholders. At the time, Reckon’s share price soared by more than 50%, and it has kept its new highs ever since.

Something old, something new…

Next up we have a stalwart of the ASX tech sector in Computershare Limited (ASX: CPU). Computershare has been around since the late 1970s and operates one of the largest share registries in the world. Many ASX investors would have used its services to manage their own portfolios.

Over FY2022, Computershare shares went from $16.90 to $24.64. That’s worth a gain of 45.8%. Investors can also add a couple of points there to account for this company’s dividend, which is currently sitting on a yield of just under 2%. It appears investors have stayed bullish on Computershare over FY2022 thanks to its established business model and a perceived ability to handle rising inflation.

Let’s now look at Brainchip Holdings Ltd (ASX: BRN). Artificial intelligence company Brainchip has been a popular share to watch in recent years, no doubt helped by its rather wild volatility. Over FY2022, Brainchip shares went as high as $2.34 and as low as 36 cents each.

However, its FY2022 numbers line up to give this company a gain of 63.27%, given it started July 2021 at 49 cents and finished on 30 June 2022 at 80 cents.

The tech share winners of FY2022 revealed

Our penultimate All Ords tech performer is none other than Envirosuit Ltd (ASX: EVS). Evirosuit is a company that provides environmental management solutions through its software platform. It started out in FY2022 trading at just 9 cents a share. But Envirosuit ended up finishing the year at 15.5 cents, resulting in a healthy 72.22% gain for investors.

In this case, a strategic partnership with international company Aeroqual, as well as another tie-up with the American space agency NASA, looks to have boosted investor confidence in this company over FY2022.

And our best performing All Ords tech share goes to… Silex Systems Ltd (ASX: SLX). Silex is an ASX tech share that specialises in uranium enrichment technology.

We saw Silex rise from 90 cents a share in July last year to $2.10 by the end of June. That’s a gain worth a whopping 133.33%. That put Silex Systems at an eight-year high by June.

In this case, Silex’s fortunes seem to have been boosted by the energy crisis that has gripped the world in 2022. This has been largely brought on by the Russia-Ukraine war, giving renewed focus to alternative sources of energy.

So that’s five of the best-performing ASX All Ords tech shares of FY2022. It just goes to show that even though most ASX tech shares had a disappointing year, diamonds can always be found in the rough.

The post Here’s a look at the 5 best ASX All Ords tech shares in FY22 appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• Becoming Australia’s biggest export failed to ignite ASX coal shares today
• Why I think these 2 ASX All Ords shares are at bargain prices in July
• 5 worst ASX energy shares of FY22
• 2 appealing ASX All Ords growth shares getting discounted today

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Financial year 2022 (FY22) was a good one for ASX energy shares as energy commodity prices soared amid global supply concerns. Still, some energy stocks had a better year than others.

A quick note before we start, this list only contains ASX shares included in the S&P/ASX 200 Energy Index (ASX: XEJ).

Here are the five best performing ASX energy shares of FY22:

• Whitehaven Coal Ltd (ASX: WHC)
  • Gained 148% to close FY22 at $4.84
• New Hope Corporation Limited (ASX: NHC)
  • Gained 93.5% to close FY22 at $3.46
• Viva Energy Group Ltd (ASX: VEA)
  • Gained 45% to close FY22 at $2.89
• Woodside Energy Group Ltd (ASX: WDS)
  • Gained 43% to close FY22 at $31.84
• Beach Energy Ltd (ASX: BPT)
  • Gained 39.5% to close FY22 at $1.73

As readers can see, coal stocks topped the lot last financial year, with Whitehaven and New Hope both outperforming. ASX oil shares filled the remainder of the top five spots.

Let’s take a look at what likely boosted those involved in the commodities’ shares in FY22.

What drove these ASX energy shares in FY22?

Coal producers led in FY22. Their strong performance likely came on the back of record coal prices.

The value of the black rock soared amid a commodity crunch sparked by Russia’s invasion of Ukraine and resulting sanctions on Russian energy commodities.

Perhaps partly a result, Australian coal overtook iron ore to become the nation’s biggest export in May.

Additionally, an energy crisis unfolded in Australia in June, likely putting some focus back on ASX coal shares.

Coal accounted for 54% of Australia’s electricity generation in 2020 and outages at coal fired power plants were partly to blame for the crisis that ultimately saw the Australian Energy Market Operator suspend the energy spot market last month.  

Oil shares received a boost for many of the same reasons last financial year amid surging oil prices.

Woodside’s milestone merger with BHP Group Ltd (ASX: BHP)’s petroleum assets also cast plenty of attention on the sector.

The post These were the 5 top performing ASX energy shares of FY22 appeared first on The Motley Fool Australia.

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More reading

• Why are Beach, Santos and Woodside share prices tumbling today?
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• Why are ASX 200 energy shares underperforming today?
• Can the second half of 2022 be even better for the Woodside share price?
• How does the Woodside dividend compare to Santos over the last 5 years?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Warren Buffett is considered by many to be the greatest investor ever. And it’s hard to argue against that when you see his continuous success throughout his career.

One of the best things about Buffett’s investment success is that he follows simple principles that even the newest investors can adopt. As the stock market enters into bear market territory, here are three ways to handle it like the Oracle of Omaha.

1. Use it as a chance to find value in the chaos

Ironically enough, uncertainty is one of the few certain things in the stock market. There’s daily volatility, bull markets, bear markets, and seemingly everything in between. As stock prices decline during bear markets, it’s easy to find yourself getting anxious watching your portfolio drop, but remember one key thing: Bear markets are all but inevitable. Historically, they have happened every four years or so, and there’s no reason to believe they’ll stop happening in the future. 

Buffett is the poster child for value investing; he always aims to buy investments when they’re priced lower than their true value. Instead of fearing bear markets, you can view them as a chance to grab some quality stocks at lower prices. If you liked a stock at $200 per share, you should love it at $150.

As Buffett once said, “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” In other words, if a bear market happens and your favorite investments become drastically cheaper, use that to your advantage.

2. Don’t follow the masses

Buffett says investors should “be fearful when others are greedy, and greedy when others are fearful.” Generally, a bear market is a sign that investors are fearful because the increased selling of shares is what drives stock prices down. As people panic sell and drive stock prices down either further, you want to avoid a situation where you also panic sell. Not only can it spark a capital gains tax bill, you may also find yourself buying those same shares back later at a higher price.

While bear markets may make others fearful, it can be your chance to get greedy with your favorite investments.

3. Focus on the long term

You should always prioritize your long-term interests when investing. Unfortunately, it’s easy to let your emotions cause you to make short-term decisions that go against that — especially when you see your money seemingly decline right before your eyes. If you truly believe in an investment, you shouldn’t let short-term price declines discourage you, especially if nothing has fundamentally changed with the business.

Buffett’s thoughts on investing for the long term can be summed up with one of his quotes: “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” That doesn’t mean holding on to failing investments just for the sake of holding them, but it does mean if you’re making an investment, you should be doing so for the long-term potential and outlook.

In the grand scheme of things, bear markets are short-term happenings. Don’t let them throw you off your long-term plan. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 3 ways to handle a bear market like Warren Buffett appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Paradigm Biopharmaceuticals Ltd (ASX: PAR) share price is in the green on Wednesday following the company’s latest announcement.

At the time of writing, the biopharmaceutical company’s shares are fetching at $1.055 each, up 0.48%. Earlier in the session, the company’s share price hit $1.125, a surge of more than 7%.

What did Paradigm announce?

According to this morning’s announcement, Paradigm advised that it has entered into a corporate partnership with the US’s National Football League Alumni Health (NFLAH).

Under the collaboration, NFL Alumni Association (NFLAA) members will be informed about osteoarthritis (OA) and current treatment options. Furthermore, information will be provided to interested participants about actively enrolling in OA clinical trials throughout the United States.

The NFL’s Alumni Association has more than 10,000 members which consist of former NFL players, coaches, executives, spouses, cheerleaders, and associate members.

Paradigm is seeking to unlock the potential benefits of pentosan polysulfate sodium (PPS) for the treatment of musculoskeletal disorders.

Paradigm’s leading drug candidate Zilosul is used to treat OA, a progressive disease that affects more than 240 million people globally.

The injectable PPS treatment has previously shown improvements in pain reduction, joint function, and the prevention of cartilage damaging joints.

It seems investors are excited about the company expanding its access program for the potential treatment of OA, sending the Paradigm share price higher.

Paradigm CEO Marco Polizzi commented:

Having followed the progress of the expanded access program participants and hearing first-hand the positive impact Zilosul has had on their lives, Paradigm is honoured to be able to continue to work with NFL Alumni members to inform them of the onset and progression of osteoarthritis and Paradigm’s clinical progress through phase 3 as we strive to bring Zilosul to commercialisation for the millions suffering from the debilitating effects of OA.

About the Paradigm share price

The Paradigm share price is down 48% in the past 12 months with most of these losses in the year to date.

The company’s shares reached a 52-week low of 85.5 cents a share in late June before rebounding over the past two weeks.

Based on the current share price, Paradigm has a market capitalisation of around $236 million.

The post Why is the Paradigm share price surging 7% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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