OSI Group used to be a small meat store that was run by a German immigrant near Chicago, but it has grown extensively in the last 100 year to become an international food company and a powerhouse in the food industry. After the original owner of the company got older, he passed the family business down to be taken care of by his sons. His sons made his father pride and managed to expand the company thanks to some good business decisions including an important deal with McDonald’s, which was just a few stores scattered around the country at the time.
OSI Group began supplying the stores of McDonald’s with their popular hamburgers thanks to an agreement between the sons of the founder and the owner of the McDonald’s stores. Even after the popularity of McDonald’s skyrocketed across the world beyond anyone’s expectations, OSI Group continued to be one of the major suppliers for the quality food brand. They quickly figured out new ways to make it possible to meet their demand while ensuring that the food was able to stay as fresh as possible even during shipping. This is when they started using flash freezing techniques for the shipping process.
There are different trends in food around the world which means that OSI Group needs to consider their customer base on a local level in order to know how to truly serve their needs the best way possible. The local leaders of the company make sure to reach out to their customers to get feedback about what they have provided and to find out if there were any ways in which they could use improvement. While satisfying the customer with excellent customer service is important, they seek to go above and beyond what their expectations for the company are. One of the reasons that OSI Group has been able to grow so much over the years is their dedication to providing quality food for their customers. They use the latest production technologies in their business in order to stay ahead of the curve in the industry. Safety is important and they use technology such as x-rays and metal detectors in order to ensure the quality of their food.
Wes Edens the co-founder of Fortress Investment Group along with Richard Branson of the Virgin group is poised to create Virgin Trains USA. The creation of the company is considered his pet project. It will cost a great deal of money, and it is expected the IPO will net the company nearly $500 million dollars for a company that is projected to be valued at $3 billion. This would be the first privately funded the railing system in a century. The rail systems are expected to have a line that goes from Orlando to Tampa Bay, Florida, and there is also a project that will create a connection between Las Vegas, Nevada and Southern California. The price tag for the project easily exceeds billions of dollars.
Wes Edens and Branson have already spent over two billion dollars on the rail system. It would require much more capital before the project is complete. By attaching the Virgin brand, Branson will be allowed to cross-sell, and he will receive a fee. Edens will own the majority of the company after the IPO. The main objective of creating the railing system is to create a connection that would be too long to drive yet too short for a person to cover the distance via a flight. Renowned experts believe in order for the railing system to work it must be accepted that the project will spend a lot of cash before it becomes profitable, and it may take a very long time.
About Wes Edens have a few obstacles that need to be hurdled before the company can even come close to projections such as 1.7 billion combined total for the Florida and Las Vegas sales. Many people will consider the 1.7 billion very lofty goals when you consider the Las Vegas construction has not begun, and there is a need for land. A potential problem the project must contend with is rising sea levels. It would be costly to protect the company’s assets from storms and rising sea levels. Due in part to tourism, it is expected the first and fourth quarters will be strong. Click here.
New Residential Investment Corp is an entity in the real estate industry, and its focus is on residential property sector where it not only invests in it, but it is also involved in management activities. The company was incorporated in 2011 and its headquarters are in New York. The organization has grown by dealing with MSRs (mortgage servicing rights) as well as Excess MSRs as part of its business strategy. It also has operations in real estate securities, servicer advances, consumer loans, and mortgage loans. New Residential Investment Corp has also established itself in the market by making acquisitions. In 2017, the company purchased Shellpoint Partners for $190 million.
This move has allowed New Residential Investment Corp to expand more in the mortgage lending aspect of the mortgage industry since this is Shellpoint’s strength. Currently, the face value of New Residential Investment Corp comprises of MSRs. The entity gets income from this aspect of the industry when an MSR fee is more than the basic amount. The carrying value of the company’s portfolio is characterized by loans extended to accommodate payments that have not been made by homeowners or mortgage service advances. It is relevant to note that a majority of the securities have a lifespan that is either short-term or medium-term. New Residential Investment Corp is also known to invest in non-agency and agency RMBS (residential mortgage securities).
When examining the company’s portfolio, it is clear that it has interest in mortgage pass-through certificates, which make up its agency RMBS. It is also part of agency RMBS through interest only. Additionally, it also utilizes to-be-announced forward contract arrangements. The company is part of non-agency RMBS through hybrid adjustable-rate, adjustable and fixed rate mortgages. New Residential Investment Corp is under the leadership of Michael Nierenberg as he is the one in the chief executive officer position. He is also the chairman of the board and the company’s president. Due to the potential that the real estate industry in the U.S market holds, the company is expected to grow or expand significantly in the future. People anticipate that it will venture more in markets outside the United States.