NEW YORK (AP) James Blake had success at another iconic New York sporting event.
The retired tennis star finished the New York City Marathon in 3 hours, 51 minutes on Sunday.
""It"s a little different, but both are amazing,"" Blake said of playing in the U.S. Open and running the marathon. ""Here they are cheering for so many people. The Open they are cheering for just you.""
He was greeted by his family at the finish line as well as two-time Australian Open champion Victoria Azarenka, who had promised on Twitter to bring Blake a milkshake when he finished.
The 35-year-old, who was known on the court for his quick, high-intensity style, said earlier in the week that endurance running was something new for him.
""I had fun, but will leave this for the professionals,"" he said. ""I was nervous at the start and halfway through didn"t think I"d make it under four hours.""
Blake was running for his foundation, which raises money for early detection cancer research at Memorial Sloan-Kettering Cancer Center.
He was in the news in September when he was standing in front of a Manhattan hotel and a New York Police Department officer grabbed his arm and tackled him to the ground in an arrest caught on surveillance video. Police said Blake, who was ranked as high as No. 4 in the world before retiring after the 2013 U.S. Open, had been mistakenly identified as a suspect in a cellphone fraud scheme. The mayor and police commissioner have apologized to Blake, and the city"s police watchdog agency has substantiated the excessive-force complaint Blake filed.
A Typical Day on Weight Watchers! - Lost 146 Pounds and Counting!
Yum! Brands (NYSE:YUM) has suffered years of scrutiny amid reports of poor quality meat and questionable supplier practices in China. In light of these reports, some investors have been hesitant to risk ruffling their feathers and prefer to stick in their comfort zone. But a recent move might turn those investors bullish once again.
Meanwhile, Weight Watchers International (NYSE:WTW) has made history with its recent announcement regarding a high profile partnership that could get their numbers up and push them out of a slump.
A full transcript follows the video.
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Dylan Lewis: Investors say "Yum!" to Weight Watchers on this episode of Industry Focus.
Greetings, Fools! Today is Oct. 20, 2015. I"m your host, Dylan Lewis, and I"m joined in the studio today by Motley Fool consumer goods analyst, Vincent Shen. Vincent, how you doing today?
Vincent Shen: How are you, Dylan?
Lewis: Doing all right. Perhaps not as good as some of the stocks we"re going to be talking about today. A lot of big moves in the market. Why don"t we start out talking about Yum! Brands and some news about the stock?
Shen: A major announcement just came out before the market opened, that the company will be spinning off its business in China. The initial response has been very positive, like you mentioned. It"s up over 4%, last I checked.
Lewis: For listeners that aren"t as familiar with Yum!, what"s driving management to make such a big decision?
Shen: Ultimately, this all centers around its China division, which makes up about half of revenue and operating profits. The issue there is that China"s previous major growth vehicle has seen revenue stagnate over the past two years, or so. To illustrate that, for the full year 2012, China division saw revenue of about $6.9 billion. Two years later, for full year 2014, it was just over $6.9 billion.
The problem is, there"s a huge shift from previously when, in 2011 to 2012, you"d see anywhere from 25% to 35% annual growth.
Lewis: Okay, so there"s a big drop off there.
Shen: Big drop off.
Lewis: What"s the reason for that shift?
Shen: For investors who don"t follow Yum! as regularly, it"s just been plagued by terrible publicity as a result of some food quality scandals.
Lewis: I remember a couple months back when they had some issues with meat sourcing.
Shen: Yes. They get hit back to back, really. That"s just resulted in this longer slide. In 2012, CCTV reported at the end of 2012 that local a KFC supplier was treating chickens with excess antibiotics after they did some testing in the previous two years. Management forecasted a 25% same-store sales decline as a result from that negative publicity. It actually came down just around 20%, but the pain continued.
Restaurant margin declined 7% points, operating profit fell a very significant 41%. The next quarter was more of the same. Same-store sales were down 20%, margin down 5% points, operating profit plummeted 63%. At that point it"s possible -- they hit it with a lot of marketing to try and get customers back in their stores, but right after that happened there was an avian flu situation, too. So they were hurt by that as well.
It"s this ongoing pain that management was feeling in their China division. When things started to pick back up over the next year or so, they got hit again recently -- last summer -- when there were reports that came out that one of their suppliers, this time at an American owned factory, was basically continuing to use tainted and expired chicken.
As you can imagine, this actually hit McDonald"sand Starbucksas well, but same-store sales fell 14%, margin declined 4.6% points, operating profit down 30%. For full year 2015, the most recent quarter, management indicated that same store sales were going to come in slightly negative.
After years of suffering through this really poor recovery, and being hit by these scandals, investors are very unhappy and management has been going through this long, strategic review trying to determine what they can do to revitalize that business.
Lewis: Basically, it was issue after issue after issue, and they weren"t able to rally long enough to reinstill that consumer confidence.
Shen: Yeah. They were probably picking up some momentum and looking like they would at least return somewhat to their previous growth and their success there, but they got hit by this other scandal.
Lewis: I"ve seen this name in some of the articles I"ve been reading about the issues: Keith Meister. Can you talk a little bit about his role in all this?
Shen: He"s a big player here because he"s an activist investor from Corvex Management. They"re one of Yum! Brands biggest shareholders. I think they have a 5% stake. They made an announcement last week that he had been appointed to the board of directors. He"s been very public with his view that Yum! Brands should be spinning off its China business entirely.
He presented that in a speech that he made in May of this year. The stock has traded down about a quarter since then as a result of its recent earnings reports, but it"s kind of interesting to see, since that slide he got appointed to the board and then not even a week later they"re making this announcement and this stock is seeing a big boost as a result.
Lewis: Yeah. This is the nudging of an activist investor.
Shen: Oh, I think it"s a huge part of that.
Lewis: Okay. What are these two new companies going to look like? What can investors expect?
Shen: Yum! China operates about 6,900 total restaurants, and that"s just KFC and Pizza Hut. Taco Bell has no presence in China yet. They"re working on it. Under the current structure those are primarily company owned. What"s going to happen is, Yum! Brands overall is targeting over 95% franchise model for their whole network of restaurants. Then Yum! China will just become an overall franchisee and it will be Yum! Brands" largest one by far.
Yum! Brands overall has 41 thousand restaurants worldwide. They"ve been opening about 2000 more annually. That"s a pretty impressive rate of growth in terms of their number of restaurants, at least.
Lewis: When should we be looking for this deal to close out?
Shen: Deals should be completed by the end of 2016 and CEO, Greg Creed, described the deal in a way that"s not all that surprising. He said "Following the separation, each stand-alone company will be able to intensify focus on its distinct commercial priorities, allocate its own resources to meet the needs of its business, and pursue distinct capital structures and capital allocation strategies. This will provide a clear investment thesis and visibility to attract a long term investor base suited to each business."
Not surprisingly, this will give investors their choice to invest in the Yum! Brands model, which is high margin, very stable due to the franchisee model where they"re just getting that licensing revenue, and then more of the growth model through Yum! China, assuming they"re able to get things back on track.
Otherwise, Creed is going to continue running Yum! Brands and Micky Pant who took the senior role for China late last year is going to keep running that business.
Lewis: Great. We"re going to be talking about Weight Watchers in a minute, but before we do, I just wanted to remind our listeners that we have a special offer for The Motley Fool"s Stock Advisor newsletter, for all of our IF listeners. As a loyal Industry Focus listener you have access to a special discount on Stock Advisor that works out to $129 for a full two year subscription. Just go to Focus.Fool.com to take advantage of this offer. Again, that"s Focus.Fool.com.
You get a Weight Watchers membership, and you get a Weight Watchers membership, and you get a Weight Watchers membership. What is going on with Weight Watchers this week?
Shen: We talked about Yum! Brands jumping 4% on the news that they"d be spinning off the China business, whereas Weight Watchers has jumped well over 100% in a day and a half of trading.
Lewis: That"s insane! I don"t know if I"ve ever seen anything like it.
Shen: It all has to do with one pretty powerful celebrity, as you can see: Oprah Winfrey. Before the market opened yesterday, she announced that she would be taking a 10% stake in Weight Watchers. Basically, purchasing about 6.4 million shares for $43 million. This is part of a partnership that she"s forming with the company lasting five years where they get to use her for their marketing and in all of their promotional materials.
They describe her role as three parts: she"ll be a member herself. She"s talked about how Weight Watchers has helped her maintain her lifestyle. She"s also a board member and advisor, and lastly, as part owner as she takes on that stake.
Lewis: Very interesting stuff. This jump is positive, no doubt. It"s great to have someone that can be the face of the company, especially someone who"s using the product as a spokesperson. A lot of the rally that we"re seeing is gaining back the huge losses that have been experienced earlier in the year. Can you talk a bit about what"s been charging that?
Shen: Sure. You definitely got that right. The stock"s down 70% year-to-date and the slide hasn"t just been a recent thing. The shares peaked in May 2011 at $85, they"ve fallen over 95% since then, and this really has a lot to do with the rising popularity of mobile devices like smart phones and wearables, surprisingly enough.
The idea being that now you have all this new, technology driven resources for weight loss, for general wellness, tracking your diet, tracking your exercise, and that"s attracting a lot of people. So, Weight Watchers has struggled on the technological front to hold onto their memberships and their revenues have suffered as a result.
Full year 2014 revenue has fallen 20% from its 2011 levels and the company has just seen several years of consistently declining sales overall. Before this announcement was made and the stock traded up astoundingly so, 105% yesterday, I think it"s up another 30% today. The stock itself was valued about 10x its expected 2015 earnings.
The thing is, for the next five years or so, analysts were forecasting earnings to decline anywhere from 15% to 20% annually for that period. You definitely have a very down beaten stock where management has instituted things like cost cuts, changing up its management team itself, it"s had a hard time competing with this onslaught of new technology, and new options that people have when it comes to weight loss.
Lewis: One the one hand there"s tons of competition from mobile tech and wearable integrated products. Things like Jawbone, Fitbit, and things like that. No doubt it"s eating into market share, but weight loss isn"t exactly something that will be going away. It"s a major trend, I think people are becoming more health conscious and there"s definitely a place for a player like this.
How impactful do you think Oprah might be with her involvement in the company? Is this something that is irrational over exuberance by the market? Is there any justification for this stock raising as much as it has?
Shen: The market is obviously really enthusiastic about this. Incredibly so. Like you mentioned, I haven"t really seen a stock go on a bull run like this just from a singular endorsement from a celebrity before. I think the power here is that Oprah has a very strong track record where she"s proven her ability to make certain products, books, or even people extremely successful.
There are multiple people who were part of her show when it was still running, who now have their own shows. The books she recommends immediately shoot up to the top of the best seller list. Products she recommends sell out. I think one of her products, the owner didn"t see any success until Oprah mentioned it, and I think it turned her into a billionaire herself.
Lewis: Yeah, it just takes off like that.
Shen: Exactly.
Lewis: It"s really astounding how successful books become once they"re on her "Book of the Month" club.
Shen: In this case, I don"t think that Oprah is going to be able to solve all the company"s woes, and it"s not going to completely shift the competitive environment as it stands now; but where the company can benefit is first, a huge wave of increased interest, just from the stock run. Also, just from the positive publicity it"s getting.
Oprah and a lot of her fans hit the demographic that Weight Watchers wants. How far Weight Watchers can leverage, how far the company can leverage this partnership and this recent success -- at least with its stock price -- is really up to them. I know they"re going to at least expand into much more of an overall wellness company, rather than just focusing on weight loss as they already have begun to do.
This might be the kick they need as they have access to her huge fan base.
Lewis: It"s almost like a platform play for them, really. They"re getting access to this established person with this devout following, and this ready-made market that people are ready to follow pretty much anything she recommends.
Shen: It hasn"t taken long. If you go to their website now she"s already on there with a pretty catchy slogan. It basically says "I"m ready. Are you ready to join me?" I"m very curious to see if the enthusiasm that investors have had for Weight Watchers shares in this past day and a half will actually amount to real bottom line and topline growth.
Lewis: It will be fun to watch. Thank you for your time, Vincent.
Shen: Thanks, Dylan.
Lewis: Always a pleasure. If you"re a loyal listener and have questions or comments we would love to hear from you. Just email us at IndustryFocus@Fool.com. Again, that"s IndustryFocus@Fool.com. As always, people on this program may have interests in the stocks that they talk about, and the Motley Fool may have formal recommendations for or against those stocks. So, don"t buy or sell anything based solely on what you hear on this show. Thanks for listening, and Fool on!
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Batman Arkham City: New behind the scenes feat Mark Hamill as the Joker
One of the greatest casting gets for The CW series The Flash last year was landing Mark Hamill as the role of James Jesse, The Trickster, the same role he played in the original Flash TV show.
It isnt the only big role that Hamill has returned to in the past year last night especially, Star Wars has been big on the minds of the general public with the release of a new trailer and very recently, Hamill reprised his Trickster role once again for an episode of The Flash Season Two that has recently been filming.
So what was it like for Grant Gustin, star of The Flash and self-professed Star Wars fan, to be reunited with the once and future Luke Skywalker?
Actually, I have, like, four Star Wars t-shirts in my t-shirt collection, Gustin admitted to us on the set of The Flash last night, during our press tour that will soon involve more interviews from the set. I wear them all the time, and I happened to have one on when he was working, but I didnt know he was working, because we werent working together that day. he gets out of his car, and this time I didnt have to introduce myself and I said Yo! Mark! and I have, like, a Dark Side shirt, and he was like why are you wearing a Dark Side t-shirt? Grant recalled.
Its fun. You know, its Mark Hamill! Its really cool to have him on the show.
The Flash has a new episode airing tonight on The CW, and Mark Hamill returns in an episode airing later in 2015. See photos from tonights episode HERE!
Netflix has announced that it will be rebooting Gilmore Girls for a series of four 90-minute movies. Fans everywhere drank an ungodly amount of coffee, put on their cute pajamas with the cakes on them and started counting down the days to its release. True fans have several questions they want to see answered in a revival. But, just like the Gilmore girls themselves, we obsess the most over the relationships of Stars Hollow.
Kirk and Lulu
Stars Hollow"s favorite weird millionaire, Kirk, was dating adorable school teacher Lulu when the series ended. Did Kirk go back and buy the Twickham house after Luke and Lorelai broke up? Did Kirk and Lulu get married? And if Kirk settled down with a wife and a family, would he also settle down with one job?
Paris and Doyle
Paris and Doyle were planning to stay together while Paris went to Harvard, with Doyle taking a newspaper job to be near her. Is there any chance that Paris and Doyle stayed together? Its doubtful. Paris is probably working for a brilliant but flawed lawyer at a firm where they commit almost as many murders as they get acquitted, while Doyle curses the end of print journalism in a bar somewhere.
Lane and whoever she married after Zach
When we last saw Lane and Zach, they were happily married and raising their adorable twins. But marriages that happen fresh out of high school because the bride is saving herself for marriage never last. Hopefully the band stayed together and the breakup made their lyrics even better.
By the finale of Gilmore Girls, we had still never seen Mr. Kim. Lane often spoke of her parents and made it seem as if they made decisions together, but her father was never shown, nor was his absence ever explained. Wouldnt it be cool if we finally meet Mr. Kim in the reboot and find out that he went out to get cigarettes one day and didnt return for seven years, but no one ever mentioned it because hes a super-reliable guy and they all assumed hed come back eventually? Wouldnt it be even cooler if Mr. Kim was super hot?
Logan and Logans dad
Logan proposed to Rory in the last episode after going to California and starting his own business. That move finally made him worthy of Rory, so it was perfect that she turned him down to pursue her own career. But knowing Logan, theres no way he is actually a changed man. Odds are best that after Rory broke his heart, he went right back to living on Daddys credit card.
Taylor and power
Over the course of the series, Taylor Doose became more and more egomaniacal and took over more and more of Stars Hollow. What is his relationship to power now? Has Stars Hollow been renamed Doose Land, a corporate town he rules with an iron fist? Or did Taylor collapse with the economy and is he now relegated to being town selectman with none of the power that comes with also owning almost every business in town?
Rory and Lane
Are Rory and Lane still friends? They were already drifting apart in the final season, with Rory setting off to enter the busy world of politics and Lane busy parenting twin boys. Did they speak less and less until years went by without a phone call? Or did they keep their relationship strong?
Sookie and Jackson
Obviously, Sookie and Jackson are the greatest love story in Stars Hollow. Melissa McCarthy, I know you are super famous now, but you must join this reboot!
Madeline and Louise
We didnt see too much of Madeline and Louise after everyone went to college, but were still curious: After all that making out to impress boys, will we finally see Madeline and Louise as the couple they truly are? Or, if those actresses arent available, can we see the same story line with Lucy and Olivia (aka post-Chilton Madeline and Louise)?
Rory and Jess
Dean who? Dean was a perfectly fine high school sweetheart, but no one wants to see Rory settle down with such a boring wishy-washy guy. A sexy, dark, tortured, published author, however if Rory is dating anyone from her past, it had better be Jess. At the end of the final season, Jess was running his own publishing company in Philadelphia; come on, that is exactly what Rory would find unbelievably sexy once she was no longer tied to Logan.
Luke and Lorelai
If the television gods care about us at all, these two will have grown and matured over the years since the series finale and will finally be ready to stop being so selfish (Lorelai) and learn to communicate (Luke). We have to see them come together and be happy, but not already together when the series starts. I wouldnt mind seeing Lorelai have a quick tryst with Max before settling down with her true love. But Christopher had better not show up anywhere!
Emily and Lorelai
Everyone talks about how Lorelai and Rory have the perfect mother-daugther relationship, but Emily and Lorelais relationship is the real core of the show. This story will truly be complete when they have fully forgiven each other and have become as close as Lorelai and Rory are.
Will you be bingeing the original series to prepare for the reboot?
2015 Indianapolis Colts Training Camp: Full schedule announced
INDIANAPOLIS The anticipation is over.
The Colts know when and where they will be playing their 2015 opponents.
As expected, there are plenty of cant miss storylines throughout the Colts schedule.
Here are a few takeaways from the Colts 2015 schedule:
October Stretch
Whenever I first take a look at a new schedule, I look for that eye-popping stretch. What stretch could really turn a season in one direction or another? For me, that comes in Weeks 5-9 when the Colts start with a trip to Houston on a Thursday night (10/8), New England (10/18), New Orleans (10/25), at Carolina (11/2) and Denver (11/8). The Colts will have nationally televised games in four of those five matchups and that will lead into their Week 10 bye week. In that stretch, you have tremendous quarterback play with five teams that all earned a postseason berth or were on the verge of one last season.
Primetime Five
The most primetime games a team can have in a season is five and it is to no surprise the Colts have that allotment in 2015. We touched on a trio of the primetime games above (Houston-Thursday, New England-Sunday and Carolina-Monday). The other two will come in the opening and closing months of the season. The Colts home opener will be a Monday Night Football matchup versus the New York Jets (9/21). The final night game for the Colts in 2015 will come on Sunday, December 6 when the AFC South Champs travel to Pittsburgh to take on the defending AFC North Champions.
AFCs Elite
After three straight 11-win seasons, the Colts are certainly in a position to not only secure the AFC South, but think about home field advantage in the playoffs. Its an attainable goal, one that has been elusive in the Colts recent playoff appearances. If the Colts are going to play at Lucas Oil Stadium past January 3 (the regular season finale), circle these dates on your calendar as vital AFC matchups: New England (10/18), Denver (11/8) and at Pittsburgh (12/6).
Division Slate
For really the second straight year, the Colts have their divisional games divided up into two stretches during the season. The first comes in Weeks 3-5 when the Colts meet the AFC South for the first time in 2015: at Tennessee (9/27), Jacksonville (10/4) and at Houston (10/8). The rematches for those games will come in Weeks 13-17: at Jacksonville (12/13), Houston (12/20) and Tennessee (1/3). Remember, the Colts bring an impressive 13-game divisional win streak into the 2015 season.
December Warmth?
Theres great news for the Colts road trips in December. Yes, the Pittsburgh road game on 12/6 (Sunday Night Football) wont be ideal weather wise, but the next two contests away from home are friendlier. The Colts will travel to Jacksonville on 12/13 and Miami on 12/27 to round out their road slate for 2015. If you are looking for a possible road atmosphere (in the regular season) that could best resemble a playoff trip then that trip to Pittsburgh on December 6 will be the one to watch in the second half of the year.