GOP Rep. Jim Jordan Self-Owns With Tweet Celebrating Constitution Day

Rep. Jim Jordan (R-Ohio) celebrated Constitution Day on Friday with a tweet in which he attacked Democrats and said he hoped they would read “the greatest legal document ever written.”

The post drew immediate blowback, given how Jordan voted to overturn President Joe Biden’s 2020 election win in a futile bid to keep former President Donald Trump in office.

Jordan has also repeatedly peddled Trump’s election lies, even sowing doubt about the electoral process before polling day.

“Irony dies,” one critic responded to Jordan.

Others said they hoped he would read the document.

RELATED…

Asbury To Acquire Larry H. Miller Dealerships, And Total Care Auto

Asbury Automotive Group, Inc. (ABG) has entered into a definitive agreement with LHM Group to acquire Larry H. Miller dealerships, and Total Care Auto, Powered by Landcar. The purchase price of $3.2 billion includes approximately $740 million of real estate.

The company expects the acquisition will add approximately $5.7 billion in expected annualized revenues, which positions it well to execute five-year plan to generate $20 billion in annual revenue by 2025.

Asbury Automotive Group said the acquisition of these entities, and equity financing of $600 million, is expected to be approximately 14% accretive to 2022 earnings per share with 2024 EPS accretion anticipated to be approximately 20%.

Asbury noted that it has several other strategic acquisitions under contract, that are expected to add approximately $900 million in additional annualized revenues. These additional acquisitions are expected to drive total 2022 EPS accretion to approximately 20% and 2024 EPS accretion to approximately 28%.

Shares of Asbury Automotive Group were up 3% in pre-market trade on Wednesday.

Dem Rep. Khanna weighs in on spending bill: We're open to negotiation

Rep. Ro Khanna speaks about negotiations over spending bill

California Democrat weighs in on Biden’s spending plan on ‘Your World.’

Democratic congressman Ro Khanna joined “Your World” to give his take on the spending bill. 

REP. RO KHANNA: Well, I don’t want to give you a red line. I’ll say we’re open to negotiation. I do want to put the number in context. Over the next 10 years, the U.S. economy is going to have about $300 trillion in GDP growth. It’s going to have $7.5  trillion in Defense. So, when we’re talking about $3.5 trillion, it’s 1% of projected GDP for productive investments, but of course, we’re open to negotiation. There is not a red line at $3.5 trillion. We need a counteroffer for those who are opposed to the $3.5 trillion, which is Biden’s agenda.  

WATCH THE FULL INTERVIEW BELOW: 

United Natural Foods Q4 adjusted earnings Beat Estimates

United Natural Foods (UNFI) released earnings for fourth quarter that decreased from the same period last year.

The company’s bottom line totaled $43 million, or $0.69 per share. This compares with $53 million, or $0.89 per share, in last year’s fourth quarter.

Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 0.4% to $6.74 billion from $6.77 billion last year.

United Natural Foods earnings at a glance:

-EPS (Q4): $1.18 vs. $1.06 last year.
-Analysts Estimate: $0.80
-Revenue (Q4): $6.74 Bln vs. $6.77 Bln last year.

3i Infrastructure: Portfolio Performing Strongly; On Track To Meet Dividend Target

3i Infrastructure plc (3IN.L) said most portfolio companies have met or exceeded the previously set expectations for the period from 1 April 2021 to 29 September 2021. Total income and non-income cash was in line with the Group’s expectations at 56 million pounds in the period. This is compared with 48 million pounds of income and non-income cash received in the same period last year. The cash balance was 252 million pounds at 29 September 2021.

3i Infrastructure plc stated that it is on track to deliver dividend target for the year ending 31 March 2022 of 10.45 pence per share, a year-on-year increase of 6.6%.

Origin Enterprises FY21 Profit Climbs, Lifts Dividend; Says Confident Of FY22, Beyond

Origin Enterprises Plc (OGN), an Agri-Services group, reported Wednesday that its fiscal 2021 profit before income tax climbed to 47.82 million euros from last year’s 23.12 million euros last year.

Basic earnings per share were 30.44 cents, up from 15.81 cents last year.

Adjusted profit before income tax was 46.72 million euros, compared to 29.62 million euros a year ago. Adjusted earnings per share were 35.50 cents, compared to 25.69 cents a year ago.

Group revenue, including crop marketing revenue, increased 4.4 percent to 1.66 billion euros from last year’s 1.59 billion euros. Revenue was 7.2 percent ahead on a constant currency basis.

Further, the directors are proposing a final dividend of 7.85 cent for approval at the Annual General Meeting in November 2021, bringing the total dividend payment per share to 11.00 cent, up from 3.15 cent per share in 2020.

Looking ahead, Origin’s Chief Executive Officer, Sean Coyle said, “Through continued disciplined capital deployment and the strength and experience of the leadership team in place, combined with our scalable and diversified market positions, I am confident we will progress our growth ambitions successfully in FY22 and beyond.”