DOCSLIB.ORG

Quarterly Fact Sheet

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Quarterly Fact Sheet Fiduciary Management, Inc. Quarterly Review – June 30, 2021 100 East Wisconsin Avenue, Suite 2200 Milwaukee, Wisconsin 53202 414.226.4545 FMI Large Cap Equity www.fmimgt.com Performance Quarter YTD 1 Year 3 Years 5 Years 10 Years Since Inception Large Cap (Gross) 4.24% 10.70% 38.39% 13.20% 14.12% 12.84% 11.25% S&P 500 Index 8.55% 15.25% 40.79% 18.67% 17.65% 14.84% 8.03% Russell 1000 Value Index 5.21% 17.05% 43.68% 12.42% 11.87% 11.61% 7.47% Inception: December 31, 2000 Performance is preliminary and subject to reconciliation. Top 10 – Portfolio Holdings: Berkshire Hathaway Inc. Cl B 6.7% Investment Philosophy: Purchase durable business franchises that are selling at a Masco Corp. 5.0% discount to their intrinsic value. Comcast Corp. Cl A 4.6% Dollar General Corp. 4.6% Investment Process: We utilize a business owner’s approach to investing, Charles Schwab Corp. 4.3% thoroughly investigating the economics of the business Quest Diagnostics Inc. 4.1% and the quality of the management team. Some of the Sony Group Corp. Sponsored ADR 3.9% characteristics of good businesses include strong JPMorgan Chase & Co. 3.7% recurring revenue and attractive returns‐on‐invested capital (ROIC). We have a strong orientation to low UnitedHealth Group Inc. 3.7% absolute and relative valuation,e which ar key to the Unilever PLC Sponsored ADR 3.6% execution of our investment strategy. A new idea will come from a variety of sources including company visits, Portfolio Characteristics: (1) screens, conferences, trade periodicals and general P/E Ratio (trailing one year) 23.7x reading. All members of the research team are responsible for fundamental research. FY1 P/E Ratio (forward 4 quarters) 20.4x P/S Ratio 3.3x Once an investment opportunity is identified it is put P/B Ratio 4.4x through an extensive due diligence process, which EV/EBITDA Ratio 18.5x typically includes management interviews and site visits. When an acceptable level of conviction is achieved, the Number of Holdings 32 appropriate weighting (considering liquidity, valuation, Active Share 88% etc.) is discussed and determined. A new company purchased in the portfolio will usually have an initial Recent Purchase: position size of 2‐4%. The portfolio generally consists of Facebook, Inc. Cl A Ticker: FB Added: May 2021 20‐30 companies and is well diversified across sectors. Each day, there are over 2.7 billion people using Facebook’s platforms: Facebook, Instagram, Messenger, WhatsApp, and Facebook Reality Labs (which houses Facebook’s augmented We are long‐term investors, a typical holding period for reality/virtual reality efforts). The company’s revenue is almost all from advertising, the majority our companies is three to five years, and portfolio of which is on mobile devices. Digital advertising is a secularly‐growing market driven by share turnover averages 20‐40% per annum. gains from traditional advertising and expansion of the overall pie, and Facebook has a dominant position in digital advertising, with around 25% share. Facebook has proven its ability in both Research Portfolio Management Committee (PMC) growing and weak economies; the balance sheet is strong with $64 billion of cash and marketable Team securities, and no debt. If you adjust for cash, the stock is trading near an all‐time low, and over one standard deviation below its 5‐year average next 12 months relative multiple. The valuation Jonathan T. Bloom, CFA √ discount is based on concerns surrounding Apple’s app tracking transparency change with its John S. Brandser recent software update, and uncertainty surrounding regulation. However, our research suggests that Facebook will be able to manage through Apple’s shift, given its leading first‐party data and Patrick J. English, CFA √ modifications the company is making to its advertising technology to mitigate the impact. We Robert M. Helf, CFA √ recognize that there could be significant regulatory hurdles erected in the future, but we believe management will continue to evolve the business to address any new regulations. Ultimately, the Julia L. Jensen √ investment thesis is simple – Facebook is one of the strongest businesses in the world, with a great Benjamin D. Karek, CFA √ balance sheet and strong growth prospects, and is trading at a discount to the market. We Andy P. Ramer, CFA √ estimate that over the next five years, Facebook can grow revenue and earnings in the mid‐to‐ upper teens. The current valuation undervalues these prospects, which provides the opportunity Daniel G. Sievers, CFA √ for us. In May 2021 we initiated a 2.5% position in the portfolio. Matthew T. Sullivan, CFA √ Recent Sale: Jordan S. Teschendorf, CFA √ Nestlé S.A. Ticker: NSRGY Sold: June 2021 Dain C. Tofson, CFA √ Nestlé is among the world’s largest consumer goods companies with a focus on food, nutrition, and wellness. In 2020, the company generated $84 billion in sales. Nestlé’s product portfolio For a detailed explanation of the FMI Large Cap Equity includes Powdered & Liquid Beverages (Nescafé, Nespresso, Starbucks, Coffee mate, Nesquik, Composite, please refer to the attached GIPS composite report. Ovaltine); Nutrition & Health Science (Gerber, Boost); Petcare (Purina); Milk and Ice Cream; Prepared Dishes & Cooking Aids (Lean Cuisine, DiGiorno, Hot Pockets); Confectionary (KitKat); and (1) Estimated valuations are based on a representative account Water (Perrier, S.Pellegrino, Poland Spring). Nestlé also owns approximately 130 million shares of from the FMI Large Cap Equity Composite, and are weighted L’Oréal, currently valued at $57 billion. The FMI Large Cap portfolios have owned the stock since average calculations, not reweighted to exclude cash, and August 2009 on the thesis that the business is generally a model of consistent revenue and margin financial companies are excluded from the EV/EBITDA expansion benefiting from category and geographic expansion and the “premiumization” of its calculation. Valuations for the portfolio are modified based on products. Over the years, the management team has done a good job of portfolio management criteria identified by FMI. For more detailed information into higher‐margin, higher‐growth categories. We have viewed the stock as defensive, and have regarding these valuations, please contact FMI. been generally trimming the position in recent periods, as the market has valued the business favorably due to these characteristics. We sold our remaining 1.1% in June 2021. .
Load more

Recommended publications
  • Kosher Nosh Guide Summer 2020
    k Kosher Nosh Guide Summer 2020 For the latest information check www.isitkosher.uk CONTENTS 5 USING THE PRODUCT LISTINGS 5 EXPLANATION OF KASHRUT SYMBOLS 5 PROBLEMATIC E NUMBERS 6 BISCUITS 6 BREAD 7 CHOCOLATE & SWEET SPREADS 7 CONFECTIONERY 18 CRACKERS, RICE & CORN CAKES 18 CRISPS & SNACKS 20 DESSERTS 21 ENERGY & PROTEIN SNACKS 22 ENERGY DRINKS 23 FRUIT SNACKS 24 HOT CHOCOLATE & MALTED DRINKS 24 ICE CREAM CONES & WAFERS 25 ICE CREAMS, LOLLIES & SORBET 29 MILK SHAKES & MIXES 30 NUTS & SEEDS 31 PEANUT BUTTER & MARMITE 31 POPCORN 31 SNACK BARS 34 SOFT DRINKS 42 SUGAR FREE CONFECTIONERY 43 SYRUPS & TOPPINGS 43 YOGHURT DRINKS 44 YOGHURTS & DAIRY DESSERTS The information in this guide is only applicable to products made for the UK market. All details are correct at the time of going to press but are subject to change. For the latest information check www.isitkosher.uk. Sign up for email alerts and updates on www.kosher.org.uk or join Facebook KLBD Kosher Direct. No assumptions should be made about the kosher status of products not listed, even if others in the range are approved or certified. It is preferable, whenever possible, to buy products made under Rabbinical supervision. WARNING: The designation ‘Parev’ does not guarantee that a product is suitable for those with dairy or lactose intolerance. WARNING: The ‘Nut Free’ symbol is displayed next to a product based on information from manufacturers. The KLBD takes no responsibility for this designation. You are advised to check the allergen information on each product. k GUESS WHAT'S IN YOUR FOOD k USING THE PRODUCT LISTINGS Hi Noshers! PRODUCTS WHICH ARE KLBD CERTIFIED Even in these difficult times, and perhaps now more than ever, Like many kashrut authorities around the world, the KLBD uses the American we need our Nosh! kosher logo system.
    [Show full text]
  • Competition Distortions Dossier III.2018
    Competition Distortions Dossier July-September, 2018 1. Milo Threatens to Sue Ovaltine over Defamatory Advertising Campaign Recently, a photo of two billboards from chocolate powder competitors, Milo and Ovaltine, went viral on social media. The Milo copy reads ‘A champion made by Milo’, while the tagline for Ovaltine reads, “As long as you enjoy it, you do not need to be champions”. The two characters in the Ovaltine banner also directly points toward the Milo banner, further strengthening the association between the two across the busy intersection. Nestle, Milo’s parent company, later sent a complaint to the Ministry of Culture, Sports and Tourism of Vietnam and the Vietnam Competition Authority (VCA) accusing Friesland Campina — the company that owns Ovaltine and is in charge of its communications strategy — of violating the advertising law by infringing Milo’s copyright and engaging in unfair competition. Besides the billboard, Ovaltine also released a series of advertisement posters seemingly criticising the ‘champion ethos’ that has been central to Milo’s brand identity. These posters also utilise green colour and other visual cues that are often associated with Milo’s advertisements. https://saigoneer.com https://saigoneer.com/saigon-arts-culture/arts-culture-categories/14615- milo-threatens-to-sue-ovaltine-over-defamatory-advertising-campaign C O N T E N T S Food for Thought 1. Milo Threatens to Sue Ovaltine over Defamatory This is not the first time that Nestlé has faced problems with their Advertising Campaign .......... 1 competitors. In 2012, Trung Nguyen Group conducted an analysis about its product – G7 instant coffee, in which Trung Nguyen presented a screenshot 2.
    [Show full text]
  • A Comparative Study of Product Placement in Movies in the United States and Thailand
    California State University, San Bernardino CSUSB ScholarWorks Theses Digitization Project John M. Pfau Library 2007 A comparative study of product placement in movies in the United States and Thailand Woraphat Banchuen Follow this and additional works at: https://scholarworks.lib.csusb.edu/etd-project Part of the International Business Commons, and the Marketing Commons Recommended Citation Banchuen, Woraphat, "A comparative study of product placement in movies in the United States and Thailand" (2007). Theses Digitization Project. 3265. https://scholarworks.lib.csusb.edu/etd-project/3265 This Project is brought to you for free and open access by the John M. Pfau Library at CSUSB ScholarWorks. It has been accepted for inclusion in Theses Digitization Project by an authorized administrator of CSUSB ScholarWorks. For more information, please contact [email protected]. A COMPARATIVE STUDY OF PRODUCT PLACEMENT IN MOVIES IN THE UNITED STATES AND THAILAND A Project Presented to the Faculty of California State University, San Bernardino In Partial Fulfillment of the Requirements for the Degree Master of Business Administration by Woraphat Banchuen June 2007 A COMPARATIVE STUDY OF PRODUCT PLACEMENT IN MOVIES IN THE UNITED STATES AND THAILAND A Project Presented to the Faculty of California State University, San Bernardino by Woraphat Banchuen June 2007 Victoria Seitz, Committee Chair, Marketing ( Dr. Nabil Razzouk © 2007 Woraphat Banchuen ABSTRACT Product placement in movies is currently very popular in U.S. and Thai movies. Many companies attempted to negotiate with filmmakers so as to allow their products to be placed in their movies. Hence, the purpose of this study was to gain more understanding of how the products were placed in movies in the United States and Thailand.
    [Show full text]
  • Food Groups and Their Contents 1. High Fat Milk and Cream
    Supplementary information 1: Food groups and their contents 1. High fat milk and cream Whole milk, Channel Island milk, UHT whole milk Elmlea (single, whipping and double), evaporated milk, single cream, whipping cream, double cream, clotted cream, UHT cream (half, single and whipping). Flavoured milk (Horlicks made up with whole milk, milk shake powder made up with whole milk, Ovaltine powder made up with whole milk, drinking chocolate powder made up with whole milk, purchased milk shake, Horlicks powder made up with semi-skimmed milk, milkshake powder made up with semi- skimmed milk, Cocoa powder made up with semi-skimmed milk, Ovaltine made up with semi-skimmed milk, drinking chocolate powder made up with semi-skimmed milk, Ovaltine powder made up with skimmed milk, drinking chocolate powder made up with skimmed milk) 2. Low fat milk Semi-skimmed milk, Dream Topping made up with semi-skimmed milk, skimmed milk, dried skimmed milk, Plain soya milk, flavoured soya milk, calcium-enriched soya milk. 3. Yoghurts Drinking yoghurt, Greek yoghurt, Fruit Corner yoghurt, Crumble Corner yoghurt, organic whole milk yoghurt, plain and fruit fromage frais, Crunch Corner yoghurt, Greek yoghurt and honey, fromage frais ready meal, Luxury Corner yoghurt, low calorie yoghurt, plain and flavoured low-fat yoghurt, very low fat fromage frais, soya yoghurt. 4. Cheese Brie, cheddar, vegetarian cheddar, cheese spread, cottage cheese, edam, feta, soft cheese, gouda, parmesan, processed cheese, flavoured cheese spread, double Gloucester, emmental, gruyere, Leicester, smoked processed cheese, low-fat cheddar, quark, cheese spread light, mozzarella. 5. Butter and animal fat Butter, spreadable butter, Dripping, lard 6.
    [Show full text]
  • Quarterly Fact Sheet
    Fiduciary Management, Inc. Quarterly Review – June 30, 2021 100 East Wisconsin Avenue, Suite 2200 Milwaukee, Wisconsin 53202 414.226.4545 FMI All Cap Equity www.fmimgt.com Performance Quarter YTD 1 Year 3 Years 5 Years 10 Years Since Inception All Cap (Gross) 5.58% 13.65% 40.85% 13.26% 13.88% 12.77% 10.92% Russell 3000 Index 8.24% 15.11% 44.16% 18.73% 17.89% 14.70% 10.70% Russell 3000 Value Index 5.16% 17.67% 45.40% 12.23% 11.99% 11.54% 7.92% Inception: December 31, 2007 Performance is preliminary and subject to reconciliation. Top 10 – Portfolio Holdings: Investment Philosophy: Berkshire Hathaway Inc. Cl B 4.4% Purchase durable business franchises that are selling at a Masco Corp. 3.4% discount to their intrinsic value. FirstCash, Inc. 3.3% Investment Process: Comcast Corp. Cl A 3.2% We utilize a business owner’s approach to investing, Houlihan Lokey, Inc. Cl A 3.1% thoroughly investigating the economics of the business and the quality of the management team. Some of the Genpact Limited 3.1% characteristics of good businesses include strong recurring Dollar General Corp. 3.1% revenue and attractive returns‐on‐invested capital (ROIC). Arrow Electronics, Inc. 3.0% We have a strong orientation to low absolute and relative Charles Schwab Corp. 3.0% valuation, which are key to the execution of our investment Robert Half International Inc. 2.8% strategy. A new idea will come from a variety of sources including company visits, screens, conferences, trade Portfolio Characteristics: (1) periodicals and general reading.
    [Show full text]
  • The Annual Report on the Most Valuable and Strongest Food and Soft Drink Brands July 2019 Contents
    Food & Drink 2019The annual report on the most valuable and strongest food and soft drink brands July 2019 Contents. About Brand Finance 4 Get in Touch 4 Request Your Brand Value Report 5 Foreword 6 Executive Summary 8 Brand Finance Food 50 (USD m) 14 Brand Finance Soft Drinks 25 (USD m) 15 Definitions 16 Brand Valuation Methodology 18 Market Research Methodology 19 Stakeholder Equity Measures 19 Consulting Services 20 Brand Evaluation Services 21 Communications Services 22 Brand Finance Network 24 Brand Finance Food & Drink July 2019 3 Request Your About Brand Finance. Brand Value Report. Brand Finance is the world’s leading independent A Brand Value Report provides a complete Each report includes expert recommendations for brand valuation consultancy. breakdown of the assumptions, growing brand value to drive business performance data sources, and calculations used to arrive and offers a cost-effective way to gaining a better Brand Finance was set up in 1996 with the aim of at your brand’s value. understanding of your position against competitors. ‘bridging the gap between marketing and finance’. For more than 20 years, we have helped companies and organisations of all types to connect their brands to the bottom line. What is a Brand Value Report? What are the benefits We pride ourselves on four key strengths: of a Brand Value Report? + Independence + Transparency Brand Valuation Summary + Technical Credibility + Expertise + Internal understanding of brand + Brand value tracking We put thousands of the world’s biggest brands to the + Competitor benchmarking Insight test every year, evaluating which are the strongest and + Historical brand value most valuable.
    [Show full text]
  • Order Sheet by Storage
    Regional Food Bank of NENY DONATED INVENTORY Items on this page that are marked with an asterisk (*) may be paid for by the HPNAP Food Grant. RS=Restrictions as follows 1= Bulk Item; All programs EXCEPT Food Pantries may order these items. 4= Only Food Pantries, Soup Kitchens and Shelters may order these items. Available Available *=Yes in in Case Charge Charge for Latham Cornwall RS Wt. PerLB Per Unit Item Description Packing HPNAP 07/02/2021 07/02/2021 DRY SECTION OF DONATED INVENTORY 01-Non-Foods 3620 FEBREEZE PLUG IN SINGLE REFILL 6 / 1CT PACKAGES 2 $0.16/LB $0.32 185 173 5068 NEOPRENE SAUNA VEST - ASST SIZES 2 VESTS PER BOX 1 $0.16/LB $0.16 11 0 02-Baby Food/Formula 2341 BEECH-NUT ON - THE - GO VEGGIES ASST FLV - FREE! 12 / 3.5 OZ POUCHES * 3 $0.00/LB $0.00 651 0 BANANA,BLUEBERRY & AVOCADO,APPLE, SWEET POTATO, PINEAPPLE 9269 EARTH'S BEST ORGANIC DAIRY INFANT FORMULA 6/23 Oz. Containers * 8 $0.16/LB $1.28 0 55 9758 GERBER ORGANIC APPLECARROT SQUASH-FREE! 12/3.5 OZ POUCH * 3 $0.00/LB $0.00 0 174 5208 GERBER ORGANIC COCONUT WATER SPLASHERS 4-4-3.5OZ POUCHES 4 $0.16/LB $0.64 13 0 5375 GERBER PEAR 10/4OZ JARS * 4 $0.16/LB $0.64 0 20 9328 HAPPY TOT- STAGE 4 SUPER BELLIES 16/ 4 OZ PKGS * 5 $0.16/LB $0.80 50 0 03-1 Beverages - Water 2275 NURSERY PURIFIED WATER 6/1 GALLON BOTTLES * 53 $0.00/LB $0.00 16 0 9537 POLAND SPRINGS ENERGY WATER 6/ 4 PACK CANS * 21 $0.00/LB $0.00 130 0 8508 S.
    [Show full text]
  • Chocolate Syrup-Hot Cocoa-Drinkable Breakfast - Europe.Psa CHOCOLATE SYRUP / HOT CHOCOLATE / DRINKABLE BREAKFAST 8 FT SECTION
    CHOCOLATE SYRUP / HOT CHOCOLATE / DRINKABLE BREAKFAST 8 FT SECTION CLASS 3 / 4 / 5 STORES HQ DECA PLANOGRAM Added: 3400031519/Deleted: 3400031500/Adjusted facing NESQUICK SNEAKZ POWDER STRAW STRAWBERR BERRY Y MILKSH AKE Shelf: 1 HERSHEY CHOCOLATE 9.12 in SYRUP PORCH Shelf: 2 11.12 in Shelf: 3 7.12 in Shelf: 4 7.12 in Shelf: 5 CAFFE D VITA 8 in PREMIUM HOT COCOA Shelf: 6 9.24 in Shelf: 7 4 ft 4 ft Left-right HQ DeCA/MBU PLANOGRAM APPROVED BY CATEGORY MANAGER DARRELL CLARY AND MERCHANDISING SPECIALIST LISA OWENS. CAO MUST BE INVOLVED IN THE PROCESS ALONG WITH STORE MANAGEMENT APPROVAL. ITEMS POSITONS MUST N0T BE 16 MARCH 2017 CHANGE AT ANY TIME. Chocolate-Syrup- Coco-Mix-8K3-4-5 Page: 1 of 4 CHOCOLATE SYRUP / HOT CHOCOLATE / DRINKABLE BREAKFAST 8 FT SECTION CLASS 3 / 4 / 5 STORES HQ DECA PLANOGRAM Added: 3400031519/Deleted: 3400031500/Adjusted facing NESQUICK SNEAKZ SNEAKZ SNEAKZ HERSHEY MILK MAGIC CHOCOLA STRAWB HERSHEY CARAMEL SYRUP HERSHEY HERSHEY HERSHEY SPECIAL POWDER STRAWBER VANILLA STARWBERRY SYRUP CHOCOLATE STRAWBERR NESQUICK POWDER RY TE MILKSH ERRY SIMPLY 5 DARK SYRUP SYRUP SUGAR CREAM MILKSHA MILKSHA CHOC SYRUP FREE Y STRAWBERRY MILK KE AKE KE INFUSION Shelf: 1 NESTLE QUIK SUGAR FREE HERSHEY HERSHEY CHOCOLATE HERSHEY LITE SYRUP NESTLE QUIK NESTLE QUIK CHOCOLATE SYRUP W/CALCIUM CAN NESQUICK POWDER CHOCOLATE 9.12 in SYRUP CHOCOLATE STRAWBERRY PORCH SYRUP SYRUP Shelf: 2 HERSHEY CHOCOLATE SYRUP HERSHEY CHOCOLATE SYRUP 11.12 in NESQUICK POWDER CHOCOLATE Shelf: 3 CARNATION INSTANT CARNATION BREAKFAST CARNATION INSTANT CARNATION BREAKFAST
    [Show full text]
  • Boycott Nestle & Starbucks!
    BOYCOTT NESTLE & STARBUCKS! Thank you for accessing our list of alternative brands to buy if you have taken the #NestlePledge and #StarbucksPledge. Please add, copy, and share! #EveryDropCounts $ AVOID: Tier 1: Tier 2: Tier 3: Nestle Indigenous/POC Owned Certified Sustainable Family Affordable Nestle brands & affiliates Owned and operated by Certified sustainable Affordable and widely indigenous/Native brands (Rainforest available alternatives to American/First Nations Alliance, Fair Trade, Nestle/Starbucks products peoples or persons of color Organic, B-Corp, etc.) Baking/Chocolate Native Harvest Wild Rice Annie's Baking Mix, Krusteaz Baking Mixes, Libby’s, Toll House, Baking Mixes, Red Lake Foodstirs Baking Mix, Great Value Baking Mixes, Abuelita, Carnation, La Nation Baking Mixes, Bedré Endangered Species Russell Stover Lechara Chocolates Chocolate (KitKat & Wonka SOLD) Coffee NfNescafe, T’Taster’s ChiChoice, Red Lake Coffee, Spirit Bear Jasper CffCoffee, Peace CffCoffee, CffCoffee Bean & Tea Leaf , Coffee-Mate, Nespresso, Coffee, Marley Coffee, Native Wolfgang Puck Coffee, Dunkin Donuts, Caribou Harvest Whole Bean Coffee, Chameleon Cold Brew, Birch Bark Coffee Co., Stumptown Coffee, Peet's Blue Bottle Coffee, Aboriginal Coffee, Thunder Starbucks Island Coffee, Star Village Coffee, Native American Tea Co. Culinary, Chilled, and Frozen Foods Buitoni, Lean Cuisine, Native Harvest Wild Amy's, Annie’s Great Value Frozen Foods, California Pizza Kitchen, Rice Soup Mixes, Red Bertolli Foods DiGiorno, Hot Pockets, Lake Nation Foods, Stouffer’s,
    [Show full text]
  • Breakfast Menu All Day Dining Menu Dinner Menu Special Occasions
    Breakfast Menu 6:00 a.m. – 10:30 a.m. All Day Dining Menu 10:30 a.m. – 10:00 p.m. Dinner Menu 6:00 p.m. – 10:00 p.m. Beverage Menu Special Occasions Romantic Dinner Hospitality Menu Box Lunches 1 Breakfast: You’ll enjoy a lavish buffet featuring Location: North Side on Breakfast Daily the freshest fruit and bakery items, made to the Promenade Level 6:30 a.m. - 10:30 a.m. order omelet and waffle station or order from Dress: Casual Resort the wonderful a la carte menu featuring the most Attire (footwear & cover dynamic breakfast selections. ups required) Dinner: Manta is our signature restaurant with Dress: Resort Attire Dinner ocean views for both indoor and outdoor seating. Tuesday - Saturday We have a magnificent show kitchen showcasing 6:00 p.m. - 8:30 p.m. the best local products. Wefeature our spectacular wine bar featuring 48 wines by the glass served through an enomatic wine machine. Enjoy live entertainment Tuesday through Saturday. Lunch: Whether it is a tropical drink, iced cold Location: Beachside at Lunch Daily beer, refreshing smoothie or our signature drink Kauna’oa Bay 11:00 a.m. - 3:30 p.m. “Fredrico”, This is the perfect place to quench Dress: Casual / Beach your thirst or feast on traditional favorites such Attire Cocktails as the Caesar salad, freshly made sandwiches and 10:30 a.m. - Sunset wraps, an Ovaltine shake and more. Dinner Dinner: Hau Tree is perfect for casual dinner Sundays and Mondays right by the beach. Some of our popular menu 5:30 p.m.
    [Show full text]
  • Zero Proof Mix Off
    Party drinks for DDs (designated drivers) Party drinks for DDs (designated drivers) From Lorain County's 18th annual party with a purpose! Zero Proof Mix Off Conducted through Lorain County Public Health Funded by U.S. DOT/NHTSA and ODPS 11/19 December 5, 2019 From Lorain County's 18th annual party with a purpose! Zero Proof Mix Off Conducted through Lorain County Public Health Funded by U.S. DOT/NHTSA and ODPS 11/19 December 5, 2019 For nearly 30 years the Safe Communities Coalition (SCC) has worked through community initiatives that involve engineering, enforcement, and education. To prevent injuries and deaths on Lorain County roads. • Review and analyze Lorain County crash data. • Raise traffic safety awareness via campaigns, events, interventions, and social media. • Educate about the importance of wearing your seat belt, driving sober, motorcycle safety, driving focused, and bicycle and pedestrian safety. • Facilitate the Traffic Fatality Review Committee, to review all fatal traffic crashes in Lorain County and identify trends and possible interventions to prevent future crashes. • Host the Zero Proof Mix Off to remind holiday hosts to serve zero-proof options at parties and for everyone to always make plans for a sober ride home. Are you passionate about saving lives? Or, want to find a way to make a difference locally? Get involved! Email: [email protected] Call: 440-322-6367 Visit: LorainCountyHealth.com Table of Contents Power Punch – Catholic Charities ..........................................2 Jack Frost’s Mocktini – Common Ground ..............................3 Pumpkin King’s Cider – Firelands Counseling & Recovery Services ....................................................................4 Cherry Sunrise – Keystone High School Youth 4 Youth .........5 Oh, Fudge – LCCC Police Training Academy ..........................6 Little Green Rudolph – Let’s Get Real Inc.
    [Show full text]
  • Milo Dinosaur: When Southeast Asia’S Cultural Heritage Meets Nestlé
    ISSUE: 2019 No. 89 ISSN 2335-6677 RESEARCHERS AT ISEAS – YUSOF ISHAK INSTITUTE ANALYSE CURRENT EVENTS Singapore |24 October 2019 Milo Dinosaur: When Southeast Asia’s Cultural Heritage Meets Nestlé Geoffrey K. Pakiam, Gayathrii Nathan, and Toffa Abdul Wahed*1 EXECUTIVE SUMMARY • Southeast Asia’s built heritage is already world-famous. Meanwhile, interest in the region’s intangible cultural heritage has been growing steadily. • As with built heritage, there are significant political, economic, and cultural sensitivities when elevating intangible cultural heritage through state channels within Southeast Asia. This is especially so in the case of food heritage. • Food heritage promotion has usually been associated with preserving traditional ‘homemade’ items from cultural homogenization and globalization processes. • There has been less attention paid to more recent forms of food heritage in Southeast Asia where multinational corporations influence the identity, ownership and commodification of food from the outset. • The growing popularity across Southeast Asia of the Milo Dinosaur beverage highlights this recent form and its inherent sensitivities. * Geoffrey K. Pakiam is Fellow at ISEAS – Yusof Ishak Institute; email: [email protected]. He is the Principal Investigator for “Culinary Biographies: Singapore’s History Through Cooking and Consumption”, a project supported by the Heritage Research Grant of the National Heritage Board, Singapore. Gayathrii Nathan and Toffa Abdul Wahed are Research Assistants for the project. 1 ISSUE: 2019 No. 89 ISSN 2335-6677 INTRODUCTION To the uninitiated, heritage can seem like antiquarian indulgence. Yet heritage pervades the present and helps shape the future of international relations, community identity, and economic development. Today, heritage officially encompasses not just old buildings but also intangible cultural heritage (ICH): long-standing ‘practices, representations, knowledge and skills’2 that often straddle borders, defy convenient categorization, and are easily commodified.
    [Show full text]