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U.S. Puts Kodak Deal On Hold Amid Scrutiny Of Its Finances

Published on August 12, 2020 290 views

George Conboy, a financial analyst based in Kodak's hometown of Rochester, N.Y., said Kodak could never convince a bank to loan the company anything close to what the government was considering. He points to a smaller, $100 million loan Kodak secured last year from a private equity group at a higher interest rate – that also involved giving up a large stake in the company. "You would not borrow money on those terms unless you couldn't get someone else to lend it to you more attractively," said Conboy, chairman of Brighton Securities. "You don't go to the loan shark if you can borrow on your home-equity loan."

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2020 Rochester Chamber Top 100

Published on August 11, 2020 227 views

Brighton Securities is proud to announce that it has been named as one of the 2020 Greater Rochester Chamber of Commerce Top 100 fastest growing privately owned companies in the Greater Rochester region! These rankings and awards are based on our historical performance, and are a testament to the hard work our entire team has put forth. To view the alphabetic list of companies, use the link below.

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DFC says Kodak deal on hold

Published on August 8, 2020 189 views

"It’s unlikely senior executives engaged in insider trading. But, it doesn’t seem unreasonable to find out for sure and if this deal can’t close until we know for sure, then the real question becomes, 'How long will it take to know?,'" said George Conboy, chairman of Brighton Securities.

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Bausch Health to Spin Off Bausch & Lomb Into Separate Company

Published on August 6, 2020 199 views

Financial analyst George Conboy from Brighton Securities talked about what the news could mean for the Rochester area. "The most hoped for impact for Rochester is that Bausch and Lomb's headquarters could return to our area. Back when Valient, now Bausch Health, bought Bausch and Lomb, they moved their headquarters to Montreal. If the headquarters comes back that would be an important step in seeing an independent Bausch and Lomb in Rochester," said Conboy.

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Kodak's 2,500% Rally Was Over in a Flash. What's Next for the 132-Year-Old Brand?

Published on July 31, 2020 201 views

George Conboy, Chairman of Brighton Securities based in Kodak’s hometown of Rochester, sees the company’s shares settling at $12 to $15 in the near term, based on potential sales of $400 million within a year. That would trim Kodak’s market cap to $500 million from nearly $1 billion currently. “I would say $12 to $15 is the fair value, closer than $12 when it’s up and running and that could take a year,” says Conboy.

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Financial expert: Kodak CEO didn’t participate in insider trading if purchases were prescheduled

Published on July 30, 2020 224 views

righton Securities chairman George Conboy said there’s one big question remaining: were these stocks prescheduled as part of a normal investment or were they a one-time purchase ahead of this big announcement for Kodak? “In most cases when senior corporate executives either buy or sell stock in their own company it’s typically done on a regular schedule where the corporate officer does not choose the date,” said Conboy.

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3 Reasons To Avoid Kodak Stock

Published on July 29, 2020 249 views

Kodak stock has popped a whopping 575% between July 17 and pre-market trade on July 29. The stock rose even more in morning trade on July 29 — soaring 16.4-fold since July 17 to $38. That upward move was sparked by July 28 news that the photography pioneer is borrowing money from the government to manufacture ingredients for generic drugs such as the malaria treatment hydroxychloroquine. One Rochester-based analyst saw a potential financial restructuring in Kodak’s future. George Conboy of Brighton Securities pointed out that Kodak had burned through $24 million in cash in the first quarter with about two years’ worth of cash remaining.

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Kodak stock soars after this week's news on pharmaceutical production

Published on July 29, 2020 203 views

George Conboy from Brighton Securities said it’s not a total surprise that Kodak stock is skyrocketing. "You’ve got investors hungry for good news, and this is certainly good news for Kodak," Conboy said. "Whether that news is good enough to sustain a rise this vertical is a real concern for investors".

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When will we see the 360 jobs promised in the Kodak deal?

Published on July 29, 2020 189 views

Shares jumped more than 300% Wednesday because of a new contract for Kodak to start making ingredients for generic drugs. News10NBC interviewed George Conboy of Brighton Securities about what that means.

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Kodak’s nearby businesses hoping for rebirth after massive federal deal

Published on July 28, 2020 213 views

“If we see Kodak successful at this, it will mean the whole photonics thing that state has pursued for years and generated zero jobs will be eclipsed by something that could be a big win for Monroe County,” said George Conboy with Brighton Securities.

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Xerox sees sharp drop in quarterly profits and sales, but earnings top expectations

Published on July 28, 2020 211 views

Brighton Securities Chairman George Conboy said Xerox, like a lot of large companies, is facing big challenges during this pandemic. “The specific challenge for Xerox will be if more people continue to work from home will you need the amount of documents on paper?" said Conboy. "The answer clearly seems to be, no you won’t.” Conboy said that while Xerox has the capability for handling remote documents and sharing documents electronically, that is a competitive business with small profit margins.

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News of pharmaceutical deal sends Kodak stock soaring

Published on July 23, 2020 181 views

"I haven't seen a jump like this in...I can't tell you the last time," Conboy said. In order to sustain the momentum it is currently seeing, Conboy said Kodak will need to get the loan disbursements, sell chemicals at competitive prices, and build out or refurbish the facilities that will be used to make the pharmaceutical drugs.

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As millions await stimulus checks, experts provide advice on how to best use them

Published on April 9, 2020 565 views

Those stimulus checks will be sent out to millions of Americans. Some will be in the amount of up to $1,200 per person, plus an additional $500 per child. Financial adviser George Conboy says it's crucial to make a list of bills that are most important and put the money towards that first.

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COVID-19 uncertainties slam brakes on M&A activity

Published on April 7, 2020 583 views

Companies are like people, says Brighton Securities Chairman George Conboy, whose firm serves as an M&A advisor to smaller business size buyers and sellers. A couple may be looking at a house, a car or some other high-price item but if the terms of the deal or their income changes, the likelihood that they are going to go ahead with that purchase is not very high, he explains. Lender banks don’t want to finance purchases either and stop lending. “It’s hard to get financing now because everyone wants to sit on their cash,” Conboy says. “Everything slows down because of that.”

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Student Loan Relief During COVID-19 Pandemic; What it Means for Borrowers

Published on March 27, 2020 551 views

George Conboy, Brighton Securities Chairman said, "This is all designed to get more money into the hand of, or keep more money in the hands of people who are paying students loans and who may have problems with loss of jobs, or loss of income, loss of employment, loss of daycare.” The measure issued by the federal government does not forgive your student loans, but it suspends some collection activities and suspends the accrual of interest for at least 60 days.

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Rochester in Focus: Coronavirus concerns impact Wall Street

Published on March 22, 2020 571 views

Brighton Securities Chairman George Conboy sat down with Lynette Adams to discuss what the coronavirus pandemic may mean for financial wellness.

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News10NBC interviews financial expert about coronavirus impact

Published on March 17, 2020 609 views

George Conboy, Chairman of Brighton Securities is answering questions about how to deal with the financial impacts of the COVID-19 outbreak.

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Brighton Securities Announces Opening of Lockport, NY Office, and New Hires

Published on March 16, 2020 563 views

Brighton Securities, a Rochester, NY based Financial Services firm, today announced that it has opened a new branch office location, located in Lockport, NY. This office opening coincides with the hiring of our newest financial advisors, Scott Huntington and Tonya Huntington.

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Local expert shares tips after worst week for the stock market since 2008 financial crisis

Published on February 28, 2020 584 views

"The coronavirus scare has really brought a panic to the financial markets, and while panic can drive people in the short term, beware of acting on panic if it doesn't meet your long term objective," George Conboy, Chairman of Brighton Securities said.

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Financial advisers try to calm concerns after turbulent week for stocks

Published on February 28, 2020 570 views

Chuck Wade of Brighton Securities says uncertainty can sometimes trigger a turbulent market. “There have been several viral outbreaks over the last 20 years,” said Wade. “There has been a short-term impact in the markets, on the economy, and then in time, things tend to recover.”

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Ramachandran at Brighton Securities guides staff to rapid growth

Published on October 3, 2019 857 views

At the ripe old age of 33, Jai Ramachandran stepped into his new role as CEO of Brighton Securities, leaving behind his career in Manhattan at Oppenheimer Cos., where he served as director of communications and cloud services investment. In the five years that have passed, Brighton Securities has doubled in size.

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Rochester Business Journal has selected its 25th class of Forty Under 40 award winners

Published on September 13, 2019 993 views

The Rochester Business Journal has selected its 25th class of Forty Under 40 award winners. The honorees are men and women, under the age of 40, who have achieved professional success and who have also made significant civic contributions to the community. Jai S. Ramachandran, CEO of Brighton Securities has been selected as a Forty Under 40 award winner.

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Top Workplaces: How Brighton Securities made it to the top by listening to employees

Published on March 27, 2019 1324 views

​​​​​​Brighton Securities has its 50th anniversary to celebrate this year — and it will do it as the No. 1 small employer on the 2019 Top Workplaces list.

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50 years in, Brighton Securities stays true to independence

Published on February 28, 2019 1398 views

For many in the Western New York market, being acquired is usually the end goal, said Doug Hendee, chief sales officer at Brighton Securities. You build up a reputation and then sell off once you hit a certain point. But that’s not the plan for Brighton Securities. Now entering its 50th year, the firm is proudly independent, and rather than being acquired, they seek becoming an acquirer.

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Local businesses and consumers prepare for rising prices amid trade war with China

Published on July 6, 2018 1823 views

“The goal is to develop more American jobs by buying less from overseas and having it produced domestically. That’s a lot easier said than done,” said George Conboy, Chairman of Brighton Securities. Conboy says a trade war and tariffs is rarely good for consumers, and if it lasts more than a few months, it will hurt both the U.S. and China.

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Legalizing recreational marijuana could mean more green for economy

Published on June 19, 2018 1814 views

Brighton Securities Financial Analyst George Conboy believes it could have the same impact here in New York. He said in the 2016-17 fiscal year, the state took in $500,000 on medical marijuana related products. “It seems likely, if recreational marijuana is legalized, tax revenue would rise markedly,” Conboy said. “My opinion of Albany is they love any source of revenue that can enable more spending.”

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“By age 35, you should have twice your salary saved.” Is that realistic for millennials?

Published on May 25, 2018 1869 views

This hour, we discuss these stories, the financial landscape for millennials, and whether or not these perceptions ring true. In studio: - Sarah Jones, PR account executive with Dixon Schwabl - Matt Wagstaff, manager of new sales channels at BCBS - Chuck Wade, vice president and financial advisor for Brighton Securities

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Brighton Chamber of Commerce to host awards luncheon

Published on May 21, 2018 1857 views

Brighton Securities is the recipient of the chamber’s 2018 Building Pride in Brighton Award. This award was established in 1993 to provide public recognition to a business that has improved the quality of life in Brighton through property enhancements or outstanding achievements.

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Rochester's Top Workplaces 2018: The List

Published on March 28, 2018 2290 views

Here are Rochester's Top Workplaces for 2018. Click on the links to learn more about each. The winners were announced at an awards ceremony on March 28.

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Brighton Securities Announces New Hires

Published on February 14, 2018 2127 views

Brighton Securities announces the following new hires: Raymond DeMonte Jr. as a financial advisor; Giavanna Garling as a financial advisor; Lori Alberts as a compliance manager; Jaemoy Grey as an investment banking analyst and Dianne Bell as an operations associate.

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Xerox agrees to cede power to Fujifilm to form Fuji Xerox; 10,000 jobs to be cut

Published on January 31, 2018 2368 views

Under the deal, Xerox shareholders will receive a $2.5 billion special cash dividend, or approximately $9.80 per share. Xerox shareholders will hold a 49.9 percent stake in Xerox holdings. Fujifilm will hold a 50.1 percent dividend.

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George Conboy of Brighton Securities weighs in on Xerox-Fujifilm deal

Published on January 31, 2018 2120 views

Wednesday morning on Good Day Rochester, George Conboy of Brighton Securities discussed what the new agreement could mean for Rochester. Conboy says the 10,000 job cuts include jobs from Fujifilm, not just Xerox.

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Xerox at a crossroads as top investors push for big changes

Published on January 26, 2018 2226 views

While there are no guarantees, Icahn, the insurgent in this scenario, has a decent chance of rearranging the current board, said Brighton Securities Chairman George Conboy. “Xerox has been a vaporizer of shareholder value," said Conboy. "As a Xerox shareholder, I would be favorably inclined to hand the keys to somebody who might have a better chance of making me some money.”

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Kodak joins the cryptocurrency craze

Published on January 10, 2018 2119 views

It doesn’t seem likely to me that introducing a photo linked crypto-coin will be a long term growth strategy for Kodak, but it is possible that use of blockchain technology could be a benefit for some photographers trying to ensure they get residuals for their photographs,” Conboy said. Conboy added that “blockchain technology that underlies crypto currency will have many legitimate uses in a number of industries. But the idea that any industries or specific companies will be able to make a profitable use of a specific created crypto currency, that’s a much harder leap to make.”

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Kodak shares soar on news of cryptocurrency venture

Published on January 9, 2018 2283 views

"The real concern in the financial community is whether Kodak's senior management has come up with this idea as a way to boost the stock price and let short-term holders cash out," said George Conboy, chairman of Brighton Securities. Conboy says that analysts have been concerned for several quarters that Kodak's core businesses didn't seem to be taking the company in a positive direction. He's skeptical whether this cryptocurrency initiative represents a sustainable business.

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Kodak launches its own cryptocurrency system

Published on January 9, 2018 2089 views

Chairman of Brighton Securities George Conboy doesn`t think the deal is as good as it sounds. “History will prove whether this turned out to be a smart move. I wouldn’t be willing to wager my money that is going to be the salvation of the new Kodak,” said Conboy

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Rochester mall hours to be cut in January

Published on December 4, 2017 2290 views

Beginning January 2, 2018, hours at all three Rochester-area shopping malls will be cut by 30 minutes. "You can restrict hours and probably not reduce your sales in any meaningful way," said Brighton Securities Chairman, George Conboy.

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More retailers battle financial trouble

Published on November 7, 2017 2270 views

As more retailers face huge amounts of debt, George Conboy, chairman of Brighton Securities, tells News10NBC what this could mean for shoppers.

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Experts say future outlook for Kodak is bleak

Published on October 30, 2017 2418 views

"If they continue in the direction they're going now, Kodak will not be around in two or three years from now." Certified Financial Planner, Doug Hendee says Kodak's stock price is indicative of the trouble facing the company.

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Xerox 3rd quarter numbers: some declines, but the report tops estimates

Published on October 26, 2017 2266 views

At Brighton Securities, George Conboy says Xerox still needs to increase sales, but it is holding steady for now. “With sales down, about six percent, year over year, there’s more of the same of what we’d expected from Xerox for a long time. This is a company that appears to be continuing to be struggling, but a company that continues to be profitable.”

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Kmart stores in Victor and Chili to close

Published on August 24, 2017 2787 views

Kmart stores in Victor and Chili are among more than a dozen locations that are set to close this year. "It was only a matter of time" said George Conboy, Chairman, Brighton Securities.

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Crowds line up for tickets ahead of Powerball drawing

Published on August 23, 2017 2371 views

It wasn't just people hoping to cash in. It was entire offices, too - like Brighton Securities. "The odds of winning the Powerball are roughly zero, to be quite candid," said George Conboy of Brighton Securities. "Your odds are essentially zero with one ticket, and zero with 100 tickets."

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Brighton financial expert breaks down latest DOW milestone

Published on August 2, 2017 2396 views

The Dow Jones Industrial Average notched another milestone today, breaking above 22,000 for the first time. Chairman of Brighton Securities, George Conboy joins us in studio to talk about this milestone and what it means.

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George Conboy On Dow Jones Record with Kimberly and Beck

Published on August 2, 2017 2569 views

George Conboy discusses the Dow Jones Record with Kimberly and Beck.

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Xerox earnings: profits beat estimates, revenues a little lighter than expected

Published on August 1, 2017 2405 views

At Brighton Securities, George Conboy says this quarter looks a lot like some recent quarters. He says Xerox still needs to shore up sales. “To me it looks like Xerox will need to diversify their revenue base; they’re making equipment and they’re selling services to go with that equipment, but both major forms of business have been down now for some time.”

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Daniele family reacts to Amazon buying Whole Foods

Published on June 16, 2017 2622 views

Financial analyst George Conboy of Brighton Securities said this move drives up the supermarket competition wars. "Wegmans’ flagship store is down on Monroe Avenue,” Conboy said. “We have a Trader Joe's right next door. If we have a Whole Foods down the street, you'll see these successful grocers battle it out for the consumer. Generally, when that happens, the consumer wins. We stand poised in Rochester to be the most competitive grocer market in the U.S."

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Bitcoin - A bubble or the currency of the future?

Published on June 5, 2017 2496 views

How much do you know about Bitcoin and cryptocurrency? The value of Bitcoin has gone through the roof recently. Is it a bubble or could it eventually replace the dollar?

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Rising student debt has a ripple effect on economy

Published on June 4, 2017 2527 views

"There is no question that the large student debt is a drag on the economy — dollars earned that have to pay off debt and not be used to buy a house, purchase a new car or start a family," said George Conboy, chairman of Brighton Securities, which is an investment brokerage and financial planning firm.

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Kodak Launches New 'Ektra' Smartphone Camera

Published on May 25, 2017 2474 views

Financial expert George Conboy says the Ektra is a niche market for Kodak. He says that Kodak is not the giant it once was, but selling in smaller numbers is still selling.

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Xerox's Ursula Burns retires from the board; new chairman named

Published on May 23, 2017 2731 views

“The fact that Xerox is still going, still making profits says there’s been an intense focus on cost control, she hasn’t been everyone’s favorite because she’s cut the headcount, but at the end of the day, the company’s still around, the company’s still making profits, and they’ve got a new change to grow.” Conboy says Xerox’s stock price didn’t do much while Burns was CEO, but at least the company has stayed in business where others have failed.

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Kodak, Xerox hold public shareholder meetings

Published on May 23, 2017 2482 views

As both Kodak and Xerox hold public meetings for shareholders today, George Conboy from Brighton Securities helps explain what shareholders should be looking for from the meetings.

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Kodak turns in a profit for the 1st quarter; sales decline

Published on May 9, 2017 2454 views

At Brighton Securities, George Conboy says overall, this was a pretty good quarter for the company. “I’d say this quarter was a mild plus for Eastman Kodak in most of their divisions, and a fair report on the top line, where sales declined only slightly and a decent report on the profit side, so all in all, plus for Kodak," Conboy told WXXI News.

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Xerox 1st quarter: earnings off a penny from Wall St. projections, revenues on target

Published on April 25, 2017 2479 views

At Brighton Securities, George Conboy says that while profit margins were up, sales were soft. “This is a company that I think you can expect to find over the next 6, 9 months, 18 months will continue a very strong focus on restructuring to get to a place where they can get sales that will sustain the company because they’re not there yet.”

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Top Workplaces: Brighton Securities

Published on April 6, 2017 2556 views

Brittany Weeks, an Office Assistant at Brighton Securities, said "it's the relationships at the financial services firm that makes getting up and coming to work enjoyable." "Ideas and suggestions are valued by the firm," said Christina Gregory, the Marketing Coordinator at Brighton Securities.

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Brighton Securities turns ideas into action

Published on April 6, 2017 2624 views

But what factors into being named a Top Workplace? For Brighton Securities, it comes down to an open-door policy, involving all employees in decisions that affect them, and implementing ideas from employees, Jai Ramachandran CEO, said.

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Rochester's Top Workplaces 2017: The list

Published on April 6, 2017 2839 views

Here are Rochester's Top Workplaces for 2017. The winners were announced at an awards ceremony on April 6.

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How will New York pay for free tuition?

Published on March 29, 2017 2840 views

"It will have to get paid for somehow. It will either be other things will get cut, or taxes will go up,” said George Conboy, Brighton Securities chairman.

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Webster team part of Xerox's largest product launch ever

Published on March 29, 2017 2595 views

"Quite frankly, they have to do it," said George Conboy, Chairman of Brighton Securities. "Xerox has to make sure they stay current and integrate their documents processes with the kinds of devices that workers are used to using.

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Business Report: Future of Bausch + Lomb; who gets impacted by rising interest rates

Published on March 20, 2017 2522 views

Amajor investor in Valeant decided to sell his shares in the company, George Conboy of Brighton Securities ponders what that might mean for the future of B + L going forward.

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Kodak turns a profit in 2016

Published on March 7, 2017 2710 views

Revenues in 2016 totaled about $1.5 billion down 10 percent from the year before.At Brighton Securities, Chairman George Conboy says the company has seen slow improvement. “Kodak sales still declined in the quarter, but not by much, and they actually turned a profit, a nice improvement from what we’ve seen in previous years.”

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Excellus CEO sees 9% pay hike

Published on March 2, 2017 2556 views

The increase for Booth was "generous," given the marketplace and community, said George Conboy of Brighton Securities. As for the company's overall performance, being a nonprofit health plan, Conboy said it appeared Excellus was "doing a good job."

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Hedging a tool for firms facing currency flux

Published on February 24, 2017 3092 views

“When people think about managing currency risk, they think of flashing red and green lights on a screen watching the euro,” said Jeff Morse, managing director of corporate finance for Brighton Securities Corp., who has worked with a number of clients on hedging strategies. But currency hedging is more like insurance than an investment strategy when it comes to businesses that buy or sell abroad, he argued.

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Xerox reports earnings for document technology business

Published on January 31, 2017 2590 views

At Brighton Securities, Chairman George Conboy says getting those sales numbers up really is Job 1 for Xerox. “This quarter was a little better ...

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A comeback for Kodachrome? Maybe, Kodak says

Published on January 26, 2017 2788 views

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Financial Analysts Say 'Trump Bump' Helped Dow Jones Reach 20,000

Published on January 26, 2017 2701 views

“There’s been a lot of promises that are pro-business, pro-economic growth, so that is part of the optimism that’s baked into the numbers right now," said Brennan Redmond of Brighton Securities. "So that’s good, but it’s a double edged sword, because if t

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Dow Jones hits historic 20,000-point mark

Published on January 25, 2017 2673 views

George Conboy of Brighton Securities said the average can act as a way to measure consumer optimism. “An analyst will tell you that the meaning is very modest, because the Dow Jones Industrial average is a median composed of only 30 companies,” said Co

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Small Business Spotlight: Brighton Securities

Published on January 14, 2017 2687 views

Brighton Securities again made the most recent list of the Democrat and Chronicle’s “Top Workplaces.” Jai Ramachandran said the firm’s open-door policy plays a big part in achieving that recognition.

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What do newly released court papers on Assemblyman Nojay reveal?

Published on December 19, 2016 2901 views

George Conboy, Brighton Securities: “Most people come across a lawyer's escrow account when they sell a house, for example. You go to the closing, your house is sold. In a few days or a week after the transaction the lawyer will send you a check for the

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Not just the election: Is Russia also influencing our gas prices?

Published on December 13, 2016 2861 views

George Conboy: "Supply and demand factors for any commodity, Berkeley, tend to be very self-correcting."

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Charter, telecom shakeup reverberates in Rochester

Published on November 15, 2016 2683 views

"There has been a lot of churn in the industry," Brighton Securities Chairman George Conboy said in a recent interview with the Democrat and Chronicle. "In looking at this I think consolidation in the industry is inevitable because there are a lot of comp

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The Dow reacts well to Trump

Published on November 11, 2016 2629 views

"It’s Wednesday. The sun will come up. The farmer will go in the barn. The cow will give milk. The chicken will lay an egg." - George T. Conboy

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Kodak Posts a profit in its latest quarter

Published on November 9, 2016 2677 views

Kodak is reporting another profitable quarter, although sales were down. But overall, George Conboy of Brighton Securities says this was a pretty good report. “There certainly is a positive in that Kodak is starting to print its quarterly reports in bl

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Windstream To Buy EarthLink

Published on November 7, 2016 2666 views

The statement about the merger refers to the two companies identifying $125 million in synergies. At Brighton Securities, George Conboy says he wouldn’t be surprised to eventually see that result in some local cost cutting. “I think it’s reasonable to e

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Brighton Securities Expands Headquarters

Published on October 26, 2016 2743 views

Brighton Securities has expanded its offices, adding three new conference rooms, a larger reception and waiting area, eight new offices and a dedicated wing for tax services. The wealth management firm has added 2,000 square feet to its Monroe Avenue loca

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Verizon to close Henrietta call center; 600 jobs lost

Published on October 13, 2016 2893 views

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Paychex continues to grow after more than four decades

Published on October 7, 2016 2629 views

Doug Hendee, chief sales officer and certificated financial planner for Brighton Securities, said Paychex is one of Rochester's "flagship companies" that's managed well despite being in a complex line of business. "From an investor's standpoint, that's what we look for," Hendee said. "They continue to grow and adapt their business to what the end-user wants and the stock has done very, very well."

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Local men raise funds to fight breast cancer

Published on September 26, 2016 2521 views

"In addition to wearing pink and raising awareness about breast cancer issues, these men will be raising funds to help the American Cancer Society save more lives from breast cancer," said Michael Crisona, senior market manager for the American Cancer Soc

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Valeant to report Bausch + Lomb results separately

Published on August 9, 2016 2597 views

"I suspect Valeant management would very much like to keep Bausch + Lomb," said George Conboy, an investor and chairman of Brighton Securities. "You only throw something over the side if you have to lighten the load of a sinking ship. It's not clear this

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Kodak reports profitable Q2

Published on August 9, 2016 2585 views

"The long, slow decline in the stock has been reversed," Conboy said. "And while it isn’t up to where it was at the beginning of 2015 (when it topped $22), stock prices tend to be a leading indicator. Meaning, it's not uncommon for a stock to react in adv

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Xerox's 2nd Quarter: Profits Improve; Sales Lagging

Published on July 29, 2016 2927 views

At Brighton Securities, Chairman George Conboy says the quarter was so-so, with earnings showing improvement, but revenues still lagging. “Profits were OK, a little higher than expected, it’s great that Xerox is profitable. Unfortunately, as expected, sa

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Xerox Increases The Size Of Its Board Of Directors

Published on June 28, 2016 2606 views

Xerox had already agreed to give Icahn three seats on the board of the business services company, but now, the Wall Street Journal reports he may have more of a say about the formation of both companies. Brighton Securities Chairman George Conboy is not

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Brexit Vote: Could It Affect Your Financial Plan?

Published on June 24, 2016 2541 views

We want to stay diversified, we want to make sure that we are looking at all those principles of investing and following those and this kind of event that we've seen so many times before we should be able to weather that fine," Brighton Securities senior

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How many jobs is Xerox cutting in Rochester?

Published on April 26, 2016 2822 views

"You risk demoralizing your workforce when you try to tell them that they shouldn't be open with your customer base," said financial analyst George Conboy with Brighton Securities. "No one wants their customers to think they're calling Guatemala or the Ph

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Connections: The Debate Over Uber And Lyft

Published on February 2, 2016 2630 views

We examine the debate over Uber and Lyft, and whether it's time for the state to allow them to operate across New York. Jai Ramachandran, CEO of Brighton Securities and an Uber enthusiast

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