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Stocks In The News | Trade Nivesh
Trade Nivesh
Maruti Suzuki, Tata Motors, Cipla, Indoco Remedies, Welspun Corp, Embassy Office
IOL Chemicals | Inox Leisure | Titan Company | GAIL | BHEL | Cyient and SRF are stocks which are in the news today.
Here are stocks that are in the news today:
Listing: Embassy Office Parks REIT (IPO)
Auto sales: Maruti Suzuki, Ashok Leyland, Escorts, Eicher Motors, etc in focus.
Dr Reddy's Labs: German drug regulator cleared Duvvada formulations unit.
Welspun Corp: Company announced value unlocking of approximately Rs 940 crore through the divestment of its plate and coil mill division (PCMD) and its 43 MW power division.
Cipla: USFDA issued 8 GMP observations and 10 observations pertaining to the PAI for a novel technology product slated for approval beyond 2024 while inspecting Kurkumbh plant.
Shriram Transport board meeting on April 30, to consider raising of funds
Vikas WSP: Company received sanction for 80 percent principle outstanding amount of Rs 97.75 crore of both these banks being Rs 78.20 crore to be paid by ACRE and 20 percent amount Rs 19.55 crore to be paid by the promoters aggregating to Rs 97.75 crore in all. Punjab National Bank account has already been operating as standard w.e.f. April 2017.
Kolte-Patil Developers: Board declared interim dividend of Rs 1.40 per share for the financial year 2018-19.
Havells India started commercial production of air conditioners at its Ghiloth plant
Edelweiss Financial Services: Company appoints Dr Ashima Goyal and Anita George as independent directors.
CreditAccess Grameen: Company completed a securitization of Rs 93.83 crore. With this transaction, it completed seven securitization and four Direct Assignment transactions totaling to Rs 1,667.05 crore in FY19.
Titan Company: Company increased its shareholding in subsidiary Carat Lane Trading Private Limited from 66.39 percent to 69.47 percent.
Jubilant Foodworks' director Ramni Nirula resigns
Wipro - NCLT approved the scheme of amalgamation for the merger of wholly owned subsidiaries
Inox Leisure: Company commenced commercial operations of a multiplex cinema theatre taken on Leave and License basis, in Chennai. The said multiplex cinema theatre has 8 screens and 1,820 seats.
J&K Bank transferred 4.11 crore shares of PNB MetLife India Insurance Company to Oman India Joint Investment Fund II for a total consideration of Rs 185 crore
Cyient: Cyient Insights LLC, USA, a step down subsidiary of the company through Cyient Insights Private Limited, has been dissolved.
IOL Chemicals: Board allotted 6,82,000 equity shares of Rs 10 each at a premium of Rs 195 per share to promoter Towels Enterprises Limited.
Apollo Pipes: Virendra Singh Verma resigned from the post of CEO of the company.
Vijay Kelkar resigned from the directorship of the Lupin effective March 28, 2019.
Gujarat Gas: India Ratings and Research revised company's outlook to positive from stable while affirming its long-term issuer rating at AA.
Moody's assigns (P)Baa3 rating to IndusInd Bank's Medium Tcrm Notes (MTN) Program
Tata Motors: Company sold its shareholding in TAL Manufacturing Solutions to TASL at an enterprise value of Rs 625 crore for the aerospace business and acquired non aerospace business from TAL at a value of Rs 10 lakh.
Karnex Microsystems: Board approved further investment in Avant-Garde Infosystems Inc., USA a 100% wholly owned subsidiary.
Zenith Fibres: Board approved buyback of upto 5.5 lakh equity shares at a price of Rs 55 per share, aggregating to Rs 3.025 crore.
Lakshmi Vilas Bank revised MCLR w.e.f. April 1
Garden Reach Shipbuilders & Engineers: Company delivered its 100th Warship, a Landing Craft Utility (LCU), L-56, to the Indian Navy.
GAIL, BHEL: Companies signed MoU for development of solar based power project.
Mishra Dhatu Nigam: Company handed over bullet proof vehicles to Central Armed Police Force at Midhani.
Muthoot Capital Services: Company completed a securitisation transaction of Rs 38.86 crore. With this transaction, the company has so far raised total funds of Rs 783.30 crore through securitization / direct assignment transactions during the FY19.
CONCOR inaugurates its first distribution logistics center at Ennore, Chennai
Mahindra & Mahindra: MSPE URJA SRL with registered seat in Rovereto, Trentino, Italy, is incorporated in Rome, Italy as a wholly owned subsidiary of Mahindra Susten Private Limited, which is a wholly owned subsidiary of Mahindra Holdings Limited, which is a wholly owned subsidiary of the company.
SRF: Gujarat Pollution Control Board had issued directions under Water (Prevention and Control of Pollution) Act to the company to close the operations of its industrial plant at Dahej, Gujarat.
Blue Coast Hotels: Company announced acquisition of 8.5 crore equity shares from IFCI Limited in subsidiary Silver Resort Hotel India.
Rushil Decor has received a closure intimation from Gujarat Pollution Control Board (GPCB) to stop the Manufacturing process of one of the Laminate Sheet manufacturing units
Reliance Capital: ICRA revised its rating to A2 (on rating watch with negative implications) for the short-term debt programme of the company.
Astec Lifesciences: ICRA upgraded / re-affirmed credit ratings for Rs 455 crore line of credit (LOC) and Rs 100 crore commercial paper programme of the company.
Darjeeling Ropeway Company: Company bagged sub-contract for construction of 24 shades for district police offices/units at Ahmedabad and Surat City worth of Rs 2.52 crore, and sub-contract for repair and maintenance of 73 boats used by State Disaster Recovery Force, Emergency Response Centre, Municipal Corporation and Gujarat District collectively. The total contract amount is Rs 71.9 lakh.
Mishra Dhatu Nigam - Handing over of Bullet Proof Vehicles to Central Armed Police Force at MIDHANI
Crompton Greaves Consumer Electricals: CRISIL revised the credit rating of non-convertible debentures of company.
JK Tyre: Board alloted 1,94,17,400 equity shares to the constituents of the promoter group of the company on preferential basis.
Phillips Carbon Black: ICRA re-affirmed the long-term rating for the captioned Line of Credit (LOC) at AA-. The outlook on the long-term rating is revised from stable to positive.
Galaxy Surfactants: Board declared interim dividend of Rs 5 per share for the financial year 2018-19.
Suryalata Spinning Mills: Company successfully installed and completed trailes on 22,000 spindles at Kalwakurthy Unit. Consequent to this capacity expansion, the total capacity of spindles of the company has been increased from 93,000 to 1,15,000.
Virinchi: Company announced operational readiness of additional 50 beds of Banjara Hills facility in Hyderabad taking the operational capacity to 400 beds.
Gayatri Highways' subsidiary terminated its concession agreement with National Highways Authority of India (NHAI) on the basis of Force Majeure (Political event)
Indian Bank: Department of Financial Services, Ministry of Finance has issued notification for amalgamation of Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu into a single regional rural bank which shall be called as Tamil Nadu Grama Bank with its head office at Salem under the sponsorship of Indian Bank.
SRF in process to close the operations of its industrial plant at Dahej
IOL Chemicals: Company made the pre-payment of term loan of Rs 20.05 crore due to banks in addition to regular payment schedule.
HEG: Company announced completion of extinguishment/destruction of a total of 13,63,636 equity shares of company after buyback.
Havells India: Company started commercial production of air conditioners at its Ghiloth plant.
Williamson Magor & Company: Company announced acquisition of 20,11,500 equity shares of Rs 10 each of Williamson Financial Services.
Rushil Decor: Gujarat Pollution Control Board (GPCB) issued notice to stop manufacturing process of one of the laminate sheet manufacturing units.
JM Financial: Company entered into a sale and purchase agreement for acquiring equity shares of JM Financial Asset Reconstruction Company Limited , a subsidiary of the company. With the acquisition, the company's shareholding in JMFARC has increased to 59.25 percent from 57.07 percent.
GMR Infra - Cancellation of 4 series Optionally Convertible Debenture (OCDs) by company on March 28
Inox Leisure: Company commenced the commercial operations of a Multiplex Cinema Theatre operated on lease basis in Bhubaneswar. The said multiplex cinema theatre has 3 screens and 609 seats.
Ugar Sugar Works: Company is already holding 48.20 percent stake in Ugar Theatre Pvt Ltd and now again has purchased up to 99 percent stake in Ugar Theatre Pvt Ltd.
Amber Enterprises: Company extended the timeline to complete the acquisition of balance stake of 51 percent in Ever Electronics by June 30, 2019 in one or more tranches.
JSW Energy: Board after careful evaluation decided not to pursue electric vehicle business and maintain capital cushion for growth opportunities in power and other related businesses.
Jubilant Life Sciences: Company and IFC Mutually agree for settlement of zero coupon convertible loan.
Indoco Remedies: USFDA cleared the sterile manufacturing facility of finished dosages, located at Goa (Plant II).
CyberTech Systems and Software: Overseas direct investment of $0.2 million is made in subsidiary Spatialitics LLC, Delaware, USA.
Grasim Industries: Company acquired Soktas India for Rs 135 crore.
MCX India: Board approved the appointment of PS Reddy as MD & CEO of the company.
Vadilal Industries: Company said the agenda to re-appoint Rajesh Gandhi and Devanshu Gandhi as Managing Directors of the company was not passed unanimously. It was further resolved to appoint a professional Managing Director/Chief Executive Officer/Manager for the company. Rajesh Gandhi and Devanshu Gandhi will continue to work for the company as a director of the company without any remuneration.
Lyka Labs: Company entered into One Time Settlement agreement with the Bank of Maharashtra and arranged to make an upfront payment of Rs 11 crore as settlement amount and Rs 6.49 lakh as processing fees to the bank.
Sadbhav Infrastructure Project: Company acquired further 6 percent (3,000) equity shares of subsidiary Maharashtra Border Check Post Network Limited (MBCPNL), held by SREI.
Container Corporation of India: First distribution logistics centre at Ennore, Chennai was inaugurated on March 30.
Dynamic Industries: Company has disinvested/sold its entire investment in equity shares of its wholly owned subsidiary in Neo Farbe Private Limited.
Scanpoint Geomatics: Company in consortium with Team Computers Private Limited (lead bidder) received a contract for setting up of enterprise Geoportal for National Atlas and Thematic Mapping Organisation (NATMO), Kolkata. The aggregate value of project for SGL is Rs 2.08 crore.
The company received a contract of enterprise and City GIS Solution for Agra Smart City through Master System Integrator (MSI) - Bharat Electronics and Lookman Electroplast Industries Limited, and for Lucknow Smart City through MSI Fluent Grid Limited and Bharat Electronics. The aggregate value of the said projects for SGL is Rs 9.33 crore.
Navkar Corporation: Board approved appointment of Captain Dinesh Gautama as whole time director of the company with immediate effect. Dinesh Gautama is also serving as Chief Executive Officer.
Sayaji Industries: Board has authorised Priyam B Mehta, Varun P Mehta and Vishal P Mehta individually and jointly to enter into a Joint Venture Agreement with Societe Developpement Produits Afrique - SDPA, France, the holding company of Alland and Robert for manufacturing of gum arabic/ gum acacia, gum ghatti and gum blends. The joint venture will be a 50:50.
Rico Auto Industries: Company alongwith its step down subsidiary, Rasa Autocom Limited has completed the acquisition of 2,11,20,000 equity shares of Magna Rico Powertrain Private Limited from Magna Powertrain GMBH at the rate of Rs 4.05 per share for a total consideration of Rs 8.56 crore.
Jindal Drilling: Company has acquired an offshore jack up drilling rig from Discovery Drilling Pte Ltd, Singapore, a joint venture of the company. The rig would be soon deployed under contract with Oil and Natural Gas Corporation (ONGC) already awarded to the company.
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Q3 Production Results Have Analysts Watching and Waiting for What This Gold Miner Does Next
Source: Streetwise Reports 10/26/2017
With guidance projections being met, analysts are looking forward to Q4 results from this gold miner.
On Oct. 19, Asanko Gold Inc. (AKG:NYSE.MKT; AKG:TSX) announced Q3 production results from the Asanko Gold Mine, located in Ghana, West Africa. The announcement included the following highlights:
Quarterly gold production of 49,293 ounces and gold sales of 50,241 ounces, on track to meet 2017 revised production guidance of 205,000225,000 ounces
US$63.6 million in gold revenue at an average realized price of US$1,265 per ounce
Nkran reconciliation confirming the Mineral Resource and Reserve Estimates
Industry-leading safety record maintained with a rolling 12 month LTIFR of 0.19
Peter Breese, Asanko’s president and CEO, said, “Overall, our quarterly production performance for Q3 was very encouraging, with positive results in a number of key areas: reconciliations confirming the Nkran resource model, management of ore losses and dilution and the plant achieving milling rates in excess of 13,500 tonnes on a per day campaign basis. Although July and August production was impacted by the three mill motor outages, which equated to in excess of 5,000 ounces of lost gold production, the quarter still produced a very respectable 49,293 ounces. Looking ahead to the final quarter of the year, we maintain our revised guidance of 205,000225,000 ounces.”
In an Oct. 19 company brief, Raymond James analyst Chris Thompson stated that although production was impacted by three mill motor outages, Asanko Gold was able to maintain “its revised production guidance of 205225 koz.” He pointed out that Raymond James anticipates “higher production in 4Q17, ramping up further in 2018 with the addition of production from the Dynamite Hill satellite deposit.” He highlighted that “1,180k tonnes at a grade of 1.8g/t Au were mined during the quarter, compared with [their] estimates of 1,058k tonnes at a grade of 1.66g/t Au.”
Raymond James rates Asanko Gold Outperform with a target price of CA$3.50.
In an Oct. 19 company update, Canaccord Genuity analyst Rahul Paul stated that “processing rates achieved 13,500 tpd during the quarter, but averaged 9,370 tpd due to three mill motor outages during the quarter resulting in 11 total days of lost milling time. Despite the downtime, we are encouraged by recovery rates that exceed our forecasts (94% actual vs our estimates of 93%).” He explained that Canaccord “expects that the company will need to consistently deliver on stated targets going forward to regain investor confidence and to fully address prevailing concerns regarding Nkran.”
Canaccord rates Asanko Gold as a Buy with a target price of CA$2.50.
Andrew Breichmanas, an analyst with BMO Capital Markets, stated in an Oct 19 report that Asanko’s “plant processed 862kt at 1.9g/t compared to our estimate of 800kt at 1.8g/t with recoveries continuing to exceed design levels at 94%.” He noted that “the mine continues to generate cash with operations expected to improve further as Dynamite Hill becomes operational in Q4/17.”
Breichmanas also highlighted that “delivering on near-term cash generation targets is critical to demonstrate performance of current operations, clarify timing of growth plans, and determine longer-term financing requirements.”
BMO Capital Market rated Asanko Gold as a Market Perform with a target price of CA$2.00.
Asanko is currently trading at CA$1.23.
Read what other experts are saying about:
Asanko Gold Inc. (AKG:NYSE.MKT; AKG:TSX)
Want to read more Gold Report interviews and articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure: 1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: Asanko Gold Inc. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Additional disclosures about the sources cited in this article
( Companies Mentioned: AKG:NYSE.MKT; AKG:TSX, )
from The Gold Report – Streetwise Exclusive Articles Full Text http://ift.tt/2y7ecRI
from WordPress http://ift.tt/2zHBLNm
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Q3 Production Results Have Analysts Watching and Waiting for What This Gold Miner Does Next
Source: Streetwise Reports 10/26/2017
With guidance projections being met, analysts are looking forward to Q4 results from this gold miner.
On Oct. 19, Asanko Gold Inc. (AKG:NYSE.MKT; AKG:TSX) announced Q3 production results from the Asanko Gold Mine, located in Ghana, West Africa. The announcement included the following highlights:
Quarterly gold production of 49,293 ounces and gold sales of 50,241 ounces, on track to meet 2017 revised production guidance of 205,000225,000 ounces
US$63.6 million in gold revenue at an average realized price of US$1,265 per ounce
Nkran reconciliation confirming the Mineral Resource and Reserve Estimates
Industry-leading safety record maintained with a rolling 12 month LTIFR of 0.19
Peter Breese, Asanko's president and CEO, said, "Overall, our quarterly production performance for Q3 was very encouraging, with positive results in a number of key areas: reconciliations confirming the Nkran resource model, management of ore losses and dilution and the plant achieving milling rates in excess of 13,500 tonnes on a per day campaign basis. Although July and August production was impacted by the three mill motor outages, which equated to in excess of 5,000 ounces of lost gold production, the quarter still produced a very respectable 49,293 ounces. Looking ahead to the final quarter of the year, we maintain our revised guidance of 205,000225,000 ounces."
In an Oct. 19 company brief, Raymond James analyst Chris Thompson stated that although production was impacted by three mill motor outages, Asanko Gold was able to maintain "its revised production guidance of 205225 koz." He pointed out that Raymond James anticipates "higher production in 4Q17, ramping up further in 2018 with the addition of production from the Dynamite Hill satellite deposit." He highlighted that "1,180k tonnes at a grade of 1.8g/t Au were mined during the quarter, compared with [their] estimates of 1,058k tonnes at a grade of 1.66g/t Au."
Raymond James rates Asanko Gold Outperform with a target price of CA$3.50.
In an Oct. 19 company update, Canaccord Genuity analyst Rahul Paul stated that "processing rates achieved 13,500 tpd during the quarter, but averaged 9,370 tpd due to three mill motor outages during the quarter resulting in 11 total days of lost milling time. Despite the downtime, we are encouraged by recovery rates that exceed our forecasts (94% actual vs our estimates of 93%)." He explained that Canaccord "expects that the company will need to consistently deliver on stated targets going forward to regain investor confidence and to fully address prevailing concerns regarding Nkran."
Canaccord rates Asanko Gold as a Buy with a target price of CA$2.50.
Andrew Breichmanas, an analyst with BMO Capital Markets, stated in an Oct 19 report that Asanko's "plant processed 862kt at 1.9g/t compared to our estimate of 800kt at 1.8g/t with recoveries continuing to exceed design levels at 94%." He noted that "the mine continues to generate cash with operations expected to improve further as Dynamite Hill becomes operational in Q4/17."
Breichmanas also highlighted that "delivering on near-term cash generation targets is critical to demonstrate performance of current operations, clarify timing of growth plans, and determine longer-term financing requirements."
BMO Capital Market rated Asanko Gold as a Market Perform with a target price of CA$2.00.
Asanko is currently trading at CA$1.23.
Read what other experts are saying about:
Asanko Gold Inc. (AKG:NYSE.MKT; AKG:TSX)
Want to read more Gold Report interviews and articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure: 1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: Asanko Gold Inc. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Additional disclosures about the sources cited in this article
( Companies Mentioned: AKG:NYSE.MKT; AKG:TSX, )
from https://www.streetwisereports.com/pub/na/17794
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Off the Beaten Path — Side Treks and Things To Do Between HOT ROD Power Tour Stops
Were a week away from the start of HOT ROD Power Tour! This is the part where you’re either packed-and-ready to roll or are in a mad-thrash pulling together that one last minute project that’s fighting you — but in any case, we’ve spotted a few extra things for you to do and see along the routes. Did you know the world’s biggest fire hydrant can be found on the route? Or what about a freak gnome-infested cave in the hills of Tennessee? Scroll down for our favorite things to see off the beaten path during this year’s Power Tour!
Bowling Green, Kentucky
It’s appropriate that we’re kicking the tour off this year in Bowling Green, given that their Minor League Baseball team is the Hot Rods! It’s also home to Holley and the Chevrolet Corvette, wouldn’t you know?
National Corvette Museum 350 Corvette Dr Bowling Green, KY 42101
Lost River Cave 2818 Nashville Rd Bowling Green, KY 42101
Mellow Matt’s Music and More Twin Oaks Center 1200 Smallhouse Rd, Bowling Green, KY 42104
Historic Railpark and Train Museum 401 Kentucky St Bowling Green, KY 42101
Boyce General Store 10551 Woodburn Allen Springs Rd Alvaton, KY 42122
Chaneys Dairy Barn 9191 Nashville Rd Bowling Green, KY 42101
White Squirrel Brewery 871 Broadway Ave Bowling Green, KY 42101
Scenic Outlook / rest stop TN-111, almost 4 miles east of Dunlop, Tennesse
Chattanooga, Tennessee
With the Tennessee River cutting right through the center of town, Chattanooga is a gorgeous area with plenty of cool hikes and downtown exploring. One of our favorite side-treks was to Rock City, just a short drive south of Chattanooga. Not only does it have some epic views from atop the hillside, where you can see seven states, but there’s also a — for lack of a better description — gnome/fairy tale cave built in the 1920s through 1930s that’s too bizarre to explain in words. It’s a great hike before hitting the road!
Rock City Gardens 1400 Patten Rd Lookout Mountain, GA 30750 (It’s just past the state line, but still close to Chattanooga)
Tennessee Aquarium 1 Broad St Chattanooga, TN 37402
International Towing & Recovery Museum 3315 Broad St Chattanooga, TN 37408
Tennessee Valley Railroad Museum 4119 Cromwell Rd Chattanooga, TN 37421
Edley’s BBQ 2706 12th Ave S Nashville, TN 37204
Maple Street Biscuit Company 2058-2080 Gunbarrel Rd Chattanooga, TN 37421
Embargo 62 301 Cherokee Blvd Chattanooga, TN 37405
Hoover/Birmingham, Alabama
Talladega is just in ear shot of this sleepy souther town, and the FM waves broadcast 101.1 Drag Race Central on the weekends — a welcome home to Power Tour’s third stop. There’s a lot of motorsports history hiding out here, check out what we found below.
Talladega Speedway and the International Motorsports Hall of Fame 3198 Speedway Blvd Talladega, AL 35160
Barber Vintage Motorsports Museum 6030 Barber Motorsports Pkwy Leeds, AL 35094
Southern Museum of Flight 4343 73rd St N Birmingham, AL 35206
Haunted Chicken House 7522 US-431 Heflin, AL 36264
Saw’s BBQ 1008 Oxmoor Rd Homewood, AL 35209
Post Office Pies 209 41st St S Birmingham, AL 35222
Atlanta, Georgia
Georgia’s capital is a thriving city thanks in part due to its growing film industry, and fans of the AMC TV show Walking Dead will be pleased to know several seasons were films around the area. Atlanta is also home to a wealth of southern hip-hop, as evident by our meet-up with Run the Jewels’ Killer Mike.
World of Coca-Cola 121 Baker St NW Atlanta, GA 30313
Children’s Museum of Atlanta 275 Centennial Olympic Park Dr NW Atlanta, GA 30313
Zoo Atlanta 800 Cherokee Avenue SE Atlanta, GA 30315
Atlanta Breakfast Club 249 Ivan Allen Jr Blvd NW Atlanta, GA 30313
Nic and Normans 20 Main St Senoia, GA 30276
The Woodbury Shoppe 48 Main St #1A Senoia, GA 30276
Darlington, South Carolina
Darlington is a piece of NASCAR history as the oldest track running in the circuit today. The Southern 500 has dominated this sleepy southern town during Labor Day for over 50 years, and was NASCAR’s first 500-mile race.
Darlington Raceway Museum 1301 Harry Byrd Hwy Darlington, SC 29532
Mars Bluff Atomic Bomb Impact Crater 4723-4819 E Palmetto St Florence, SC 29506
World’s Largest Fire Hydrant 1404 Taylor St Columbia, SC 29201
Raceway Grill 1207 Harry Byrd Hwy Darlington, SC 29532
The Southern Belly 819 Harden St Columbia, SC 29205
Raleigh, North Carolina
North Carolina’s capital is home to a mass of museums and also carries with it some NASCAR history, with the former Raleigh Speedway hosting its final race in 1958 with Fireball Roberts taking the Fourth of July win in his no. 22 ’57 Chevy stock car.
Richard Petty Garage and Museum 311 Branson Mill Rd Randleman, NC 27317
Raleigh Fire Museum 105 Keeter Center Dr Raleigh, NC 27601
Swift Creek Bluffs Nature Preserve 7800 Holly Springs Rd Raleigh, NC 27606
Rush Hour Karting 5335 Raynor Rd Garner, NC 27529
Lexington BBQ 100 Smokehouse Ln Lexington, NC 27295
Charlotte, North Carolina
Our final stop is just oustide Charlotte, North Carolina at the famously four-wide zMax Dragway — and with Charlotte Motor Speedway close enough to throw a nitro supercharger at, we figured this might be a good home for everyone on the
NASCAR Hall of Fame 400 E M.L.K. Jr Blvd Charlotte, NC 28202
Hendrick Motorsports Museum and Shop 4400 Papa Joe Hendrick Blvd Charlotte, NC 28262
Dale Earnhardt Inc 1676 Coddle Creek Highway Mooresville, NC 28115
Richard Childress Racing Museum 425 Industrial Drive Welcome, NC 27374
Tiger World 4400 Cook Rd Rockwell, NC 28138
The post Off the Beaten Path — Side Treks and Things To Do Between HOT ROD Power Tour Stops appeared first on Hot Rod Network.
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Feeling like a vampire, I threw on some shades and on four hours of sleep, I went to retrieve my car at the scene of the crime. I can tell you that tequila and herbal X are not your friends the morning after an epic night of partying. Frankly, I was amazed that my car was still there and it wasn’t jacked up.
Recovery was on my agenda for the weekend. I wanted to make sure I was in fine form for Monday. Plus, I had several things I had to do for various classes so the plan was to hang out at the beach and then work on some scripts.
After a day of playing in the sun and surf, I was ready to go home. The minute I walked in the door though, my roommate Stacey had other ideas. “Hey, remember that real cute guy I met in directing, Adam?” I nodded. “Well, he is throwing a party tonight at his place and he wanted us to come.”
Rolling my eyes, I told her, “Look, I have to do some writing and I have to be sharp for Monday.”
“Well, this is Saturday. You will have a day to recover.”
I realized that resistance was futile and that she would just bug the crap out of me until I relented. “Okay. When is this soiree?”
“10 p.m.”
“At least that gives me a little time to get things done and besides you will need the bathroom for several hours. You know 45 minute lips and stuff.”
Looking rather annoyed, she disappeared. Once again, derailment of my best laid plans. I spent majority of the night punching up scenes for my screenwriting classes. Stacey was busy doing her primping thing and unfortunately, since I don’t necessarily heed my own advice, a bottle of vodka was calling my name in the fridge.
While I waited for drama queen, I decided to toss back a few Cape Cods. Finally, she emerged from her lair looking like Norma Desmond waiting for her close up. We headed into the night toward Loyola Marymount and whatever potentially bad decisions were awaiting us.
My lips are drop dead sexy!
Once we got to the neighborhood, parking was a bitch. We ended up having to walk a block. LMU is located in a lovely suburb of Los Angeles called Westminster. At the time I attended the university, the area was rather posh but not like Beverly Hills outrageous. Adam’s parents lived in a really beautiful house which could have been featured on the pages of “Architectural Digest.”
I knew some of the people milling about so as I stopped and chatted with everyone, Stacey was whisked away to hold court somewhere. Lucky for me, I found the bar right away. I figured that sticking with vodka was probably a safe bet.
After several more drinks, I was feeling quite relaxed. Stacey had disappeared and I managed to find some people from my classes and spent majority of my time with them. I had to use the bathroom so after I was pointed in the right direction, I headed off.
The staircase to the upper level was magnificent. By the time, I reached the top, I couldn’t remember if I needed to make a left or right turn. I decided on the left. Wrong call, on my part.
Remember that scene in The Shining where a guy in a costume was in a rather suggestive position? Well, I came flying through the door and stumbled in to the 50 Shades of Grey dimension. For a moment, I had to pause and focus because I wasn’t quite sure what I was seeing. After I figured it out and became monumentally frightened, I hightailed it out of there before something insane went down.
Care to join us?
Getting my bearings, I decided to try door number 2 which was on the right. Stealing myself before heading in, I turned the handle and walked in to several people focused on cutting lines of coke on the bathroom mirror. They must have been ingenious because somehow, they managed to take the ornate item off of the wall. Not wanting to disturb the potential Scarface scene, I extricated myself rather quickly.
My heart is beating so fast, man!
Giving up, I decided to leave before this became a police event. By now, it was midnight and the music was thumping pretty loudly. I fought my way through the teeming hordes of sweaty, dancing drunk folk and found Queen Stacey surrounded by her minions poolside.
Several people were already frolicking sans clothing in the pool. After leaving behind the Studio 54 house, I managed to somehow enter a portal into the 60s. Stacey and company were passing around joints and just walking into their circle left me in a “Purple Haze.”
I told her I was going to motor and I was rather relieved that she and Adam had hit it off so I wouldn’t have to wait around for her. Not one to pass up recreational “activities” I took a couple of hits and left.
Groovy
Thankfully, the drive home passed without incident. PCH was beautiful and the moon was out. I guess you could say it was the type of thing you picture when you dream of living in LA. The moment I was inside my house, I went into my bedroom and immediately crashed.
Sunday passed without incident and before I knew it, Monday rolled around. I was due to report for duty at 9:30, so that meant getting up at an ungodly hour to get ready. Extremely nervous, but dressed for success, I headed into the early morning full of excitement and butterflies in my stomach.
I arrived on time which was terrific. Making my way inside the building, I stopped at the security desk to pick up my pass. It was official! I now had access to CBS- Television City. I rode the elevator up to the production offices. The closer I got to the door, the more nervous I became. Counting to ten, I walked in to what was going to be a pretty intensive three-month gig.
Everything was pretty quiet. First order of business was to go see Billy in his office. Before I could knock, he opened the door and seemed rather surprised to see me.
“Oh, hey! I see you remembered where we were.”
“Yeah.”
“It’s pretty busy so let me take you around to meet some of the people.”
This was like a whirlwind of information. I met both segment producers, the producers, the research department and then I was ushered in to meet perhaps the scariest person of all, Peter Lassally. This man was a legend in talk show host production. He was the executive producer of The Tonight Show with Johnny Carson for years. He also executive produced Letterman’s show.
Legendary Producer
Normally, I am pretty cool but this was enough to make me want to pass out! As it turns out, he was extremely nice even asking me about what I was doing at LMU.
After narrowly escaping a freak out episode, Billy took me to meet Tom’s assistant, Kelly. Kelly was a nice chap from the UK. He had been with Tom for years. He was in charge of basically running Snyder’s life on the show.
Another interesting bit was actually going to the studio and seeing where the “magic” happened. I really enjoyed this because I was wanting to get experience in television production as well. I was introduced to the “booth” personnel which consisted of the director and his group.
Introductions made, Billy and I walked up to the offices where my day officially began. I did your standard routines like help with administrative functions, mail, and even assisting Kelly with Tom’s fan mail. Then of course, there was picking up lunches and coffee runs.
Since my desk was the very first one in front of the door, I routinely got a glimpse of all incoming traffic. As it just so happens, I was involved with a task from the research department when I got the surprise of my life. I was in the midst of working on sorting the mail when Tom Snyder walked in.
The late, great, Tom Snyder
This was straight up bananas. I grew up watching the Tomorrow show and now this man was actually standing in front of me. I thought he would ignore me and just carry on but that didn’t happen.
“So, you must be the new intern?”
“Yes.”
“Nice to meet you….”
“My name is Susan.”
“Nice to meet you, Susan.”
“It’s a pleasure, Mr. Snyder.”
“Call me Tom.”
Well, that threw me for a loop. Then he sauntered away to begin his day leaving me to quietly stroke out. Thankfully enough, the rest of the afternoon passed without further incident.
My internship only required me to be there three days out of the week. However, this quickly turned into five days. I was very eager to take advantage of this opportunity and to be honest with you, it was way better getting hands on experience then discussing theories in a classroom.
The show filmed on Friday nights and for the first part of it, I would man the telephones in case we got a call from our other executive producer, Robert “Morty” Morton. For all of you fans of the early Letterman years on NBC and CBS, he was a familiar face and also the executive producer of The Late Show with David Letterman.
Hi Morty! Welcome to transfer hell.
Of course, the very first night I helmed the phone, around 10:15, it rang.
“Hello. Late Late Show.”
“Hey, hi!”
“Hi?”
“Yeah, this is Morty.”
Okay, at this point, I damned near dropped the phone. Be cool, don’t lose your shit, Susan.
“How are you, Morty?”
“I’m great. Who is this?”
I just looked at the receiver. It sounded like he was in his car or something and this whole conversation was unbelievable.
“I’m Susan.”
“Susan, can I speak with Tammy?”
Tammy happened to be one of the producers.
“Sure. One moment, please.”
Now, this phone was pretty standard and straight forward. The transfer button was not a big mystery. However, suddenly, I felt like NASA needed to talk me through the mechanics of this phone transfer from Mission Control.
After fumbling with several buttons, I managed to find the right combination. I rang Tammy’s office and announced the call. Of course, when I hit transfer, how was I to know that I was actually going to send our executive producer into oblivion?
NASA? Can you help me transfer a call from Mission Control?
Smiling and feeling pretty confident, I immediately got a call from Tammy. She was pretty livid. I felt like I was being yelled at by Charlie Brown’s teacher. Fortunately, Morty did call back and this time, he reached his proper destination. Good times.
Weeks went by and every day was a new experience. One morning, I remember walking in to the kitchen area only to be shocked to see the comedian, Steven Wright getting a Coke from the refrigerator. Trying to be nonchalant, I gave him a nod and a “What’s up?” So smooth, I know.
Another fun experience was Friday night cocktails on the set after the show. It was sort of like a wrap party with a full bar. Tom was partial to vodka martinis. He actually made me a drink and we talked about going to Catholic school. Who would’ve thought that one day I would’ve been kicking it, knocking back drinks with a talk show legend? Priceless.
I also got to take a couple of turns in the production booth as well. One of the highlights is they actually let me do the teleprompter! No, I didn’t do anything crazy like Anchorman (F&*# you, San Diego!). The energy of doing a live show was exciting and just being in that atmosphere was better than any college class.
One memorable incident occurred in the elevator. I was bringing something to one of the producers. On the
way down, someone got on with an entourage. Now, my pleasant ride was jam packed. Out of the corner of my eye, I noticed this guy with a smug look on his face almost saying, “Yeah, you know who I am.” Years later, this wonderful individual would be the star of a show, we will call “40 Pebble,” on NBC. What I can tell you is at the time he was wearing these gigantic hideous green glasses. I remember that I wanted to punch that arrogance right off his face.
You know you want me.
My internship was almost finished. However, it was going to go out with a bang. We were all called to a meeting in the conference room by Peter Lassally. David Letterman was coming to our offices to prepare for the Oscars. I could feel my heart skip a couple of beats.
Don't you look at me!
The very next thing I know, me and the other intern, Mike were shuffled into a closed-door meeting with Billy where we were given explicit instructions on how to handle Letterman’s impending visit.
We could not engage Dave in any way. The kicker was we weren’t allowed to look at him! This news sucked really hard. Here I was getting the chance of a lifetime to be around someone that I had a crush on since I was sixteen and it was just going to be extremely awkward.
Activity was amped up in the office. One of the tasks that we were challenged with was creating a “playbook” for Dave to study of all the Oscar nominees and the films. This sounds easy, but it wasn’t. The research was painstaking and the actual construction was a bitch trying to get the binders together.
I won’t lie, it was also exciting. I spent several nights helping out until 2 a.m. Things were crazy, we were punchy but it was totally worth it. Finally, the books were assembled and waiting for Dave and his writers.
The day after one of the marathon playbook sessions, I entered the office only to be greeted by the exceptionally animated receptionist, Kathy. “Susan, don’t be too excited but Dave is here. So, make sure if you see him, don’t make eye contact and don’t talk to him.”
“Okay, Kathy. Sure.” Inwardly I thought if I accidentally glance at him will I turn into stone? Will I cease to exist? Shrugging it off, I grabbed some coffee and headed into the conference room to begin the task of sorting mail. This was a mind-numbing activity but it would help to take my mind off being nervous.
About half way through the sorting, the door to the conference room opened. I looked up to find myself face to face with David Letterman. Holy crap! Damn it! I just looked at him. We stood there for a moment. Immediately, I averted my eyes and pretended to care about the mail.
He left the room. Breathing a sigh of relief, the door opened up again, Letterman looked at me with this quizzical look on his face. Of course, me being so poised, I stood there with what I am certain was a look of abject terror on my visage. Thankfully, he left the room.
Yep. I am so smooth.
After the Oscar ceremony, my internship drew to a close. Everyone was so gracious. The entire staff threw me a going away party. Even Tom and Peter Lassally attended and they sang, “Happy Trails.” That was something to see and a great memory that makes me smile to this day. Another parting gift from the crew, they put my name in the credits. I still have that VHS tape. You never know when it might come in handy.
Hey everyone! I was on tv!
My learning experience ended. I didn’t know quite where the road would lead me. Then again, I was certain it would be exciting.
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