Emerald Expositions

Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

October 13, 2020 by Ted Leave a Comment

Emerald Holding, Inc. (Formerly Emerald Expositions Events, Inc.) [NYSE: EEX], the company that owns the CEDIA Expo show and CE Pro, announced last week that its Board of Directors has authorized company managers to purchase up to $20 Million of Emerald’s stock in a share buyback program. As Strata-gee noted back in May in a report on the company’s large fiscal first quarter loss, this program had previously been suspended when cash had tightened up after the cancellation of their events due to COVID-19.

Now the company has been recapitalized, thanks to help from sugar daddy Onex who now owns more than 80% of the company, and – gosh – the stock is so darn cheap. Maybe now is the time to buy…

See more on this stock purchase by Emerald

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Emerald Expo Says CEDIA Expo Virtual Registers 7,600; Claims Virtual Success

October 1, 2020 by Ted Leave a Comment

Emerald Expositions announced today that CEDIA Expo Virtual drew 7,600 trade professional registrations for their three day run from September 15-17, 2020. Although this figure is less than half the attendance at the live, in-person version, Emerald considers it a great success as an all-virtual event.

See more on the results for CEDIA Expo Virtual

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Emerald Expo Pulls Off CEDIA Expo Virtual, Or Rather, CEproDIA Expo

September 17, 2020 by Ted Leave a Comment

CEDIA Expo Virtual was almost exclusively an online media event…rather than a real, in-person trade show. I know…duh! Yes, I knew this logically, but it hadn’t really hit me viscerally until I actually attended the event. But what that means for Emerald Exposition is that their expertise in fielding large scale, B2B, in-person events really doesn’t apply here. And that fact forced them to rely exclusively on CE Pro for almost the entire event, including content strategy, seminar production, and show performance.

See more of my thoughts on this CEproDIA Expo Virtual overview…

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A COVID Catastrophe – Emerald Reports 93% Drop in Q2 Revenues; Confirms Insurance Payments

August 6, 2020 by Ted Leave a Comment

Owner of CEDIA Expo & CEPro Looks to Turn the Corner from COVID…Some Day

Emerald Holding Inc. (NYSE:EEX) – formerly Emerald Expositions Events, Inc. – released their fiscal 2020 second quarter results this week and it’s no surprise that they were brutal, as the company continues to find itself caught in a COVID catastrophe that is killing in-person events, like the very expositions they produce. With the second quarter covering the period of April – June, the previous peak of the pandemic’s infections and deaths (since exceeded), the company performance – as expected – was really challenged, with the bulk of their various trade shows and in-person events cancelled or postponed.

But the company did have one piece of good news…the insurance companies providing event cancellation insurance to the company have begun paying against their claims.

See an analysis of Q2 results for Emerald…

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Sugar Daddy Onex Throws Emerald Expositions a Lifeline

June 11, 2020 by Ted Leave a Comment

COVID-19, the massive pandemic that changed everything this year, probably infected your business and perhaps made it ill in a way that will take time to recover. But for Emerald Expositions, the national expositions company that owns the CEDIA Expo show and CE Pro – COVID-19 almost killed them.

Now Emerald’s sugar daddy, Onex Corporation, is ready to throw them a lifeline…a $400 million lifeline to be exact.

Learn more about Emerald’s lifeline…

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Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1M

May 11, 2020 by Ted 7 Comments

CFO Admits Company Looking at Possibility of No More Shows in 2020 – and Fewer in 2021

Emerald Holding Inc., formerly Emerald Expositions Events, Inc. (NYSE:EEX), has released their fiscal 2020 first quarter results and the organization makes no bones about it – it has been hit, and hit hard, by the COVID-19 pandemic. The company announced that in the first quarter of fiscal 2020 – the period ending March 31, 2020 – sales declined 27.4% to $99.7 million and the company had the biggest net loss in its history, losing $570.1 million.

See more on the dire situation at Emerald…

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Crestron in Triumphant Return to CEDIA Expo

May 6, 2020 by Ted 6 Comments

Crestron Electronics announced today that it is returning to the CEDIA Expo show for the first time since Strata-gee broke the news of their surprising exit from the event four years ago in 2016. This announcement marks a triumphant return for a company that has seen its residential business soar over the last few years, particularly with the launch of their Crestron Home software solution.

See more on Crestron’s return to CEDIA Expo

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Emerald Expositions Announces Death of Sally Shankland, Its Most Recent CEO

April 23, 2020 by Ted Leave a Comment

Emerald Expositions announced this week that Sally Shankland, it most recent CEO who had been hired in June 2019 to replace resigning CEO David Loechner, has died following her month’s long battle with cancer. The company says Shankland passed away at home peacefully.

See more on this news about Shankland…

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Emerald Cancels All Trade Shows & Events for First Six Months of 2020

March 22, 2020 by Ted Leave a Comment

Status of CEDIA Expo Remains in Doubt

Emerald Holding Inc. (NYSE: EEX), formerly known as Emerald Expositions Events Inc. – a national exposition company that is home to both the CEDIA Expo and CE Pro magazine – has announced that they are postponing all events for the first two quarters of 2020 due to the rapid spread of the global pandemic Coronavirus (COVID-19). Given their position as one of the largest producers of B-to-B trade shows in the U.S., this is a major development with huge impact on the various industries their shows serve.

Learn more on this major Emerald move…

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Stock Market is Slumping; But Emerald Expositions Stock is Crashing

March 4, 2020 by Ted Leave a Comment

*By now you’ve likely heard about the massive sell-off on Wall Street over the last week or two that is largely a reaction to the spreading coronavirus pandemic and its potential impact on markets. Although not a new situation, coronavirus (now known as COVID-19) has spread around the world and is now making its way into the United States – potentially putting U.S. markets and companies like Emerald Expositions in jeopardy.

But while most public companies have seen their stock values drop during this market decline, Emerald Expositions has seen the market value of their stock decline at a much greater clip… What’s going on?

Why is Emerald’s stock value crashing?…

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Emerald Expositions

Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

See more on this stock purchase by Emerald

Emerald Expo Says CEDIA Expo Virtual Registers 7,600; Claims Virtual Success

See more on the results for CEDIA Expo Virtual

Emerald Expo Pulls Off CEDIA Expo Virtual, Or Rather, CEproDIA Expo

See more of my thoughts on this CEproDIA Expo Virtual overview…

A COVID Catastrophe – Emerald Reports 93% Drop in Q2 Revenues; Confirms Insurance Payments

Owner of CEDIA Expo & CEPro Looks to Turn the Corner from COVID…Some Day

See an analysis of Q2 results for Emerald…