The stock of Stag Industrial (NYSE:STAG, 30-year Financials) appears to be modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,
One year after rioting engulfed the Twin Cities, Minnesota legislators say they’ve finally struck a deal to provide some relief to business owners whose properties were damaged or destroyed in the chaos.
An agreement on the state budget for jobs and economic development will include $80 million for a new “Mainstreet revitalization program,” where businesses can apply for $2 million in loans and up to $750,000 in grants for building or rebuilding projects in areas of need.
The package also includes another $70 million for businesses rebounding from the COVID-19 pandemic. Businesses that were missed in two previous rounds of