In The News
Published on February 14, 2018 14 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.
Published on January 31, 2018 52 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.
Published on January 31, 2018 43 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.
Published on January 26, 2018 42 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.”
Published on January 10, 2018 90 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.”
Published on January 9, 2018 89 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.
Published on January 9, 2018 41 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
Published on December 4, 2017 138 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.
Published on October 30, 2017 207 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.
Published on October 26, 2017 188 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.”
Published on August 23, 2017 341 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."
Published on August 2, 2017 367 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.
Published on August 2, 2017 374 views
George Conboy discusses the Dow Jones Record with Kimberly and Beck.
Published on August 1, 2017 368 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.”
Published on June 16, 2017 477 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."
Published on June 4, 2017 485 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.
Published on May 23, 2017 721 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.
Published on May 9, 2017 477 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.
Published on April 25, 2017 497 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.”
Published on April 6, 2017 559 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.
Published on April 6, 2017 567 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.
Published on March 29, 2017 560 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.
Published on March 20, 2017 555 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.
Published on March 7, 2017 533 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.”
Published on March 2, 2017 541 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."
Published on February 24, 2017 587 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.
Published on January 31, 2017 606 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 ...
Published on January 26, 2017 620 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
Published on January 25, 2017 638 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
Published on December 19, 2016 626 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
Published on December 13, 2016 607 views
George Conboy: "Supply and demand factors for any commodity, Berkeley, tend to be very self-correcting."
Published on November 15, 2016 625 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
Published on November 9, 2016 621 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
Published on November 7, 2016 628 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
Published on October 26, 2016 617 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
Published on October 13, 2016 776 views
Published on October 7, 2016 600 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."
Published on September 26, 2016 618 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
Published on August 9, 2016 618 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
Published on August 9, 2016 624 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
Published on July 29, 2016 961 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
Published on June 28, 2016 604 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
Published on June 24, 2016 593 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
Published on April 26, 2016 746 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