Our 6 ‘Best Buys Now’ Shares Edward Sheldon has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. My last call on Cineworld shares was spot on. Here’s my view on the stock now When I last covered Cineworld (LSE: CINE) shares on 18 August, I said they were “quite risky.” I wrote that the reopening of cinemas “may not be straightforward.” I also warned investors that hedge funds were betting heavily against the stock.In hindsight, my assessment of CINE was spot on. On 18 August, Cineworld’s share price closed at 47.43p. This morning, it crashed to an all-time low of 17p. That means it’s fallen more than 60% since my last article. Hopefully, I saved a few UK investors from losing money.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So, why has Cineworld’s share price crashed again? And what’s my view on the stock now?Cineworld share price crashThe reason Cineworld shares have tanked today is the that company announced it’s temporarily closing its 127 cinemas in the UK and 536 cinemas in the US.It has made this decision due to the fact that studios are reluctant to release their new films in the current environment. The release of the new James Bond movie, No Time To Die, for example, was recently delayed (again) until April 2021.Cineworld says that without new releases, it can’t provide its customers with the strong commercial films needed for them to consider coming back to cinemas against the backdrop of Covid-19.The group says it’ll continue to monitor the situation closely and will communicate any future plans to resume operations at the appropriate time.High level of uncertaintyMake no mistake, this is bad news for Cineworld, especially when you consider the large pile of debt on the company’s balance sheet. With no money coming through the doors in the UK or the US, the outlook’s highly uncertain.In its half-year results, issued on 24 September, Cineworld said that at 30 June, it had US term loans outstanding totaling $3.4bn. It also had a euro term loan of $215.9m and a $573.3m revolving credit facility (RCF), of which $462m had been drawn upon.As a result of this large debt position, the group may have to raise money from shareholders in the near future.It’s worth noting that in its H1 results, the group advised it was assessing several options with regard to additional sources of liquidity. These included the extension of the RCF facility, which matures on 31 December, an additional term loan, and a potential equity, or semi equity, raise.The hedge funds saw this comingWhatever the outcome, it’s fair to say hedge funds saw this coming. When I last covered CINE, a number of funds were shorting it. With Cineworld’s share price tanking today, they’ll have cleaned up.It’s a great example of why you should always be very careful when a stock is heavily shorted. More often than not, the hedgies get it right.Cineworld shares: what now?My view on Cineworld now? It’s a stock to avoid. The uncertainty here is sky-high. I’ll point out that short interest remains high. As of 2 October, CINE was the most shorted stock in the UK, with 8.5% short interest and eight funds shorting. In my view, that’s a good reason to give the stock a wide berth.If you’re looking for investment opportunities, I’d look elsewhere. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. 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(REUTERS) – Liverpool manager Juergen Klopp says he would be interested in adding Barcelona captain Lionel Messi to his Premier League-winning squad but there is no chance it would happen because of the astronomical amount of money involved.Messi stunned world soccer earlier this week when he expressed his desire to leave Barcelona after nearly two decades with the Catalan club.When asked if he would like to bring the Argentine forward to Anfield, Klopp said: “Interest? Yeah, who doesn’t want Messi in their team. The numbers are absolutely not for us. We don’t even start thinking about it. No chance! But… good player.”A study by French newspaper L’Equipe earlier this year said Messi earns 8.2 million euros per month from Barca, way more than Juventus forward Cristiano Ronaldo and Paris St Germain striker Neymar, who earn 4.5 million and 3 million respectively. Pep Guardiola’s Manchester City, who finished 18 points behind champions Liverpool last season, appear to be the favourites to sign the six-times world player of the year who has won every major title with Barcelona.Some of Messi’s best moments on the Camp Nou pitch came under the guidance of former Barca coach Guardiola.“It would make it even more difficult to beat them (City) which was already very difficult,” Klopp told a news conference ahead of Saturday’s Community Shield clash with FA Cup winners Arsenal at Wembley.“For the Premier League, it would be great having the best player in the world in the league. I’m not sure the Premier League needs a boost but it would be. “It would be interesting too because Messi has never played in another league apart from Spain. I would like to see it but I’m not sure if I will.”Both sets of players will take a knee at Wembley in support of the Black Lives matter campaign which has again been in the news after the police shooting of Jacob Blake in Wisconsin on Sunday — an incident that has provoked widespread protests in sports across the U.S.“I’ve followed it in America, racism, Black Lives Matter, all these things, dealing with it all will stay with us for a long time,” Klopp said. “As long as people don’t really get or understand it, we have to mention equality.” Klopp confirmed centre back Virgil van Dijk is fit to face Arsenal after recovering from a head injury sustained during Liverpool’s pre-season friendly with RB Salzburg.“He looks not good because he has the cut there, but apart from that it should be fine,” Klopp added.Jordan Henderson is also set to play but Trent Alexander-Arnold may miss out because of injury. “Trent’s very close but we have to make a decision about him tomorrow,” Klopp said.With the transfer window open until October, Klopp said Liverpool would “look constantly for improvement” but is satisfied with the size of his squad. “We will see how much we can and want to spend,” he said.
Facebook Twitter Google+ Published on June 27, 2017 at 5:36 pm Contact Charlie: [email protected] | @charliedisturco UPDATED: June 28, 2017 at 9:05 a.m.Former Syracuse forward James Southerland, who went undrafted in 2013, will play for the Utah Jazz in the 2017 NBA Summer League.Southerland is one of nine former Syracuse players on a Summer League roster this year. The 6-foot-8 forward joins Tyler Roberson, Tyler Lydon, Rakeem Christmas, Michael Gbinije, Chris McCullough, Malachi Richardson, Andrew White and Kris Joseph.This past season, Southerland played on the Santa Cruz Warriors in the G-League. He averaged 13.7 points and 6.2 rebounds per game while shooting 46.5 percent from the field and 39.2 percent from 3.After the 2013 Final Four run with SU, Southerland has struggled to find himself a consistent role. He went undrafted in 2013 before joining the Philadelphia 76ers in the Orlando Summer League. He’d join the Golden State Warriors for the Las Vegas Summer League the same year. From then to now, Southerland has bounced around both the NBA and overseas leagues.AdvertisementThis is placeholder textAt Syracuse, Southerland was a solid off-the-bench scorer, even earning 11 starts his senior year. He averaged 13.3 points and 5.2 rebounds per game his last year, shooting nearly 40 percent from 3. The Orange’s deep NCAA Tournament run ended after Michigan handed SU a 61-56 loss. Southerland struggled that game, scoring just five points on 2-of-9 shooting.Southerland and the Jazz begin Summer League play July 3.CORRECTION: In a previous version of this post, Tyler Cavanaugh was misstated as a former Syracuse player. Cavanaugh played for George Washington, not Syracuse. The Daily Orange regrets this error. Comments