OREM, Utah — An Orem man was arrested Saturday and charged with making terrorist threats.
David Levon Swanson, 35, threatened YouTube employees in his replies to others’ videos four times since September 2018, according to court documents.
In one comment, he even said he was coming to their headquarters to shoot employees.
“When I visit your campus in two weeks I’ll be able to shoot any employees exiting, from the convenience of my car, because the First Amendment allows me a right to do so,” he wrote.
When Orem Police officers showed up at his house and asked him about the comments, he said he meant shooting photos or videos, not guns.
Swanson told police he was “obviously combining the idea of a campus shooting and a filming of a campus,” according to a police probable cause statement.
However, he also admitted to officers that he drove to the Bay Area in California with a firearm in his possession two weeks after posting the comment.
Police say Swanson “intended to intimidate a civilian population” with his comments, especially since a female shooter opened fire at YouTube headquarters in 2018, injuring four. Police said they asked if he knew about this incident, and he did. He also admitted that he would be concerned if someone made a similar comment about him, his wife or his home, the document states.
Swanson’s other comments implied that executives deserved to die, including:
“The only thing that comes after the death of YouTube is a funeral for all the executives that were rightfully murdered.”
“Their only hope of not getting their executive teams slaughtered (by gun) is to clean up their act and start following the spirit of the US Constitution.”
“I’m not saying YouTube employees need to die, but I know they are at least as evil as any Of the worst groups in history because their hearts are evil … They won’t last much longer.”
His comments were mostly made on videos that criticized YouTube’s free speech and copyright practices.
UTAH — Police have identified the couple that died in a helicopter crash Friday afternoon near Alpine.
Benno and Megan Penna were both 32 years old and lived in Ballard, Uintah County. They leave behind a 5-year-old daughter and 6-year-old son.
The two children did not know their parents were involved in the crash until Sunday morning when family members got together to tell them the news and give them emotional support.
Their families sent out a statement, saying:
“The Penna family is heartbroken at the loss of Benno and Megan Penna.
“Benno was a devoted husband and father who loved helping friends and family. Megan was a devoted wife, mother and business partner with Benno. Megan loved working with her husband and they both adored their kids.
“The family is so grateful for the outpouring of community love and support during this very difficult time. The family is asking for privacy at this time. Please hold your calls, messages and visits until we have enough time to grieve the loss of Benno and Megan.”
Friends said Benno and Megan were always happy, always smiling, especially when they were together.
Matty Johns said Benno was his boss, his support system and his friend. He described the couple as down to earth, non-judgmental and happy-go-lucky.
“I’m a recovering alcoholic,” Johns said. “He supported me in my recovery… He supported me in everything that I’ve been through in my life.”
Johns said Benno got the helicopter about two months ago, and he took Johns for a ride shortly after. Johns said he felt safe in the helicopter, never nervous, even though it was his first time in the air.
“Just crazy. I can’t believe it. My heart goes out to the two kids,” he said. “The way it all ended is just terrible… I just know that God’s got a plan for everything and everybody, and this is just part of his plan.”
Investigators with the National Transportation Safety Board are still trying to figure out how and why the helicopter crashed Friday afternoon.
Insiders May 19, 2019: Endorsing Presidential Candidates, Abortion Controversy, Grassley on the Trade War
DES MOINES, Iowa — Montana Gov. Steve Bullock returned to Iowa for the first time as an official presidential candidate and snared the first endorsement of an elected statewide official. Iowa AG Tom Miller said he was backing Bullock for president.
Two insiders weigh in on the value of endorsements for a campaign.
Iowa, Alabama and Missouri are just some of the states part of a new national conversation about when or if a pregnant person should have the legal choice to end a pregnancy. See what the insiders say this means for state and national policy.
We’ve been watching Iowa Sen. Chuck Grassley for months on how he reacts to President Donald Trump’s ongoing trade war. Hear how he both warns and supports what the president’s doing.
Some new numbers about the declining birth rate in the United States raise some questions.
What’s going on with Iowa being ranked number 14? Did Polk County overdo it with changes that added thousands to retirement payouts for top leaders? Insiders address these questions and give predictions on the Quick Six.
OGDEN, Utah — A man has been arrested and charged with murder after a shooting late Saturday night.
Everardo Guadarrama-Garcia, 24, faces charges of murder, aggravated assault, possession of a dangerous weapon and obstruction of justice.
Officers got a call about a shooting at the 500 block of 31st Street in Ogden just before midnight, according to a press release issued by the Ogden Police Department.
When police arrived at the scene, they noticed a man in his mid-twenties on the sidewalk unconscious and bleeding from an apparent gunshot wound, the press release states.
The man was pronounced dead at the scene.
Shortly after the incident, police identified and arrested Garcia-Guadarrama.
Detectives are continuing to investigate and said evidence suggests this was an isolated incident.
Ogden Police are waiting to notify the victim’s family before they release his identity.
Anyone with information is asked to call the Ogden Police Department Major Crimes Bureau at 801-629-8228.
IOWA — An Iowa couple is admitting to neglecting their baby who tested positive for cocaine.
Twenty-one-year-old Zak Herman and 20-year-old Stazia Kirk have pleaded guilty to neglect or abandonment of a dependent person.
They were arrested in February after DHS and hospital staff reported the 3-month-old girl was severely malnourished. The baby was so dehydrated she could not produce tears and she needed a feeding tube.
In exchange for the guilty plea, the state has agreed to drop a charge of child endangerment causing bodily injury.
Herman and Kirk face up to a decade in prison when they are sentenced in July.
IOWA — Slipknot percussionist Shawn Crahan is mourning the death of his 22-year-old daughter.
Shawn Crahan announced the death of his daughter, Gabrielle Crahan, on social media Sunday.
“It is with a broken heart, and from a place of the deepest pain, that I have to inform all of you that my youngest daughter, Gabrielle, passed away yesterday — Saturday, May 18th, 2019. She was 22 years old,” said Shawn Crahan in the post.
The cause of Gabrielle’s death has not been revealed.
Shawn Crahan is more commonly known by his stage name “Clown.” He is a co-founder of Slipknot, a Grammy Award-winning heavy metal band from Des Moines.
Slipknot singer Corey Taylor sent his condolences to him on Twitter.
My heart has broken for my brother. Please keep the Crahan family in your thoughts and love. She will be missed.
— confirm: 0-0-0… DESTRUCT… 0 (@CoreyTaylorRock) May 19, 2019
“My heart has broken for my brother. Please keep the Crahan family in your thoughts and love. She will be missed,” Taylor said.
Shawn Crahan requested that he and his family’s privacy be respected moving forward. He also said funeral arrangements will be forthcoming.
TEXAS — Authorities rescued a Texas 8-year-old Sunday after a vigilant duo saw the Fort Worth Police Department’s description of the car suspected in her kidnapping and went hunting for it, police said.
Standing in front of the WoodSpring Suites in the suburb of Forest Hill, a beaming Buddy Calzada, spokesman for the Fort Worth police, told reporters that the pair, who he described only as members of a local church, found the grey Ford Five Hundred in the hotel parking lot.
“As you can see, there is a smile on my face. I’m here to report that Salem has been found safe,” he said.
Salem Sabatka was taking a walk with her mother Saturday night in Fort Worth when a car approached them and a man snatched her, police said. Her mother tried to jump into the vehicle to save her daughter, but the man shoved her and sped away, CNN affiliate KTVT reported.
Authorities issued an Amber Alert and posted photos of Salem and the Ford Five Hundred to social media.
The churchgoers saw the posts, found the vehicle and called it in to police. Officers determined in what room the car’s owner was staying, breached the door and found Salem, Calzada said.
“They’re our heroes tonight, I’ll tell you that,” he said of the churchgoers.
He declined to identify the pair, citing the ongoing investigation, but said he would like to introduce them to the public in coming days.
The 51-year-old accused of taking Salem faces charges of aggravated kidnapping, Calzada said. He is not related to the girl, he said.
Salem appeared calm and unharmed, according to officers, Calzada said. She was taken to a local hospital and has been reunited with her family.
For hours after she was reported missing, several law enforcement agencies, including Homeland Security, searched for the girl.
Margin leverage is still a key unknown, but Schneider is well-placed for major trends like ongoing data center capex, industrial IoT, and increasing convergence between electrification, automation, and software.
Schneider’s is starting to get more credit for the quality of its electrification business, but its improvements in automation (particularly in process/hybrid) may not be fully appreciated.
Schneider’s rally makes it more of a good hold now than a buy, but this is a stock to watch for a pullback.
I’ve liked Schneider Electric (OTCPK:SBGSY) for a little while now, as I’ve thought the Street hasn’t fully appreciated what I think may be the best energy management/electrification business out there and an underrated automation business that is getting stronger in hybrid/process and is well-placed to benefit from expanding IoT adoption.
Although these shares have lagged peers/rivals like Rockwell (ROK) and Eaton (ETN) (another stock I’ve liked for a while) over the past year, as well as the broader industrial segment, the relative performance has been much stronger on a year-to-date basis and since my last update in mid-February. With the move in the share price, I think Schneider looks more fully and fairly valued now, but it’s still a name that I believe is worth holding and it’s definitely a name to look at again if there’s a market/sector sell-off.
Short On Detail, But Strong At The Top
Schneider follows the pattern of many European companies in reporting detailed financial information only twice a year. Say what you will about institutional investors being too short-term oriented, I tend to like to have more information than less. In any case, Schneider got the fiscal year off to a good start with a better than expected revenue performance and some relatively encouraging (albeit vague) information on margins.
Revenue rose 9% as reported and closer to 6% on an organic basis, coming in 3% better than expected.
Energy management led the way with 7% organic growth, headlined by an extremely strong nearly 12% growth rate in North America. The North American business saw strength across residential, commercial, and industrial, and I believe Schneider has been a major beneficiary of the weakness at GEIS – a business now owned by ABB (ABB) and that ABB intends to make more competitive over the next couple of years. The healthy commercial result would also broadly echo the strong results Honeywell (HON) reported in its Buildings business.
Given that Eaton, Siemens (OTCPK:SIEGY) and Legrand (OTCPK:LGRDY) haven’t reported, there’s limited benchmarking for Schneider’s performance. ABB’s Electrification Products segment showed 5% growth this quarter, though so it looks like Schneider continues to perform well, and I’d note that ABB called out a strong data center infrastructure market – an important market for Schneider. Schneider also saw 8% growth in Energy Management in Asia, with “solid” results in China driven by construction – a potentially encouraging development for a large number of companies.
Schneider’s automation business was not nearly so strong, with organic growth a little above 2% this quarter. Actual growth was a little stronger, but Schneider is nevertheless seeing the impact of a slowdown in discrete automation – something also reflected in ABB’s results and that may also show in Rockwell’s earnings (scheduled for Thursday, April 24).
Automation growth was healthy in Europe (up 5%) across the board (discrete, process, and hybrid), and while growth in Asia was weaker (up about 3%), China was positive in both discrete and process – an encouraging development for Schneider given weakness reported by other automation providers (including a slowing trend at ABB) and one that may indicate share gains. Growth in North America was more subdued on weaker discrete demand, but results were also hit by the company’s decision to exit the HVAC panel business and process automation demand remains healthy (particularly in oil/gas).
Ample Opportunities To Leverage Emerging Strengths
There are a lot of things I like about the Schneider story, including the company’s decision to invest in service and software capabilities before rivals like ABB and Rockwell really committed. Service revenue was up 11% in the first quarter.
I also like the increasing integration between Schneider’s automation, software, and electrification products (system sales were up 10% in the first quarter, while product sales were up 3%). A lot of casual observers don’t appreciate the interlinkage between electrification products and automation, and I believe that both Schneider and ABB will reap some long-term benefits by having capabilities in both of these segments.
I’m still somewhat bearish on the outlook for industrials in 2019, although the trend so far in the first quarter has been better than I expected, but I don’t value Schneider on such a short-term basis. My interest here is anchored in large part by the company’s opportunities in driving synergies between electrification, automation, and software, the ongoing growth in data center spending, and the emerging opportunities in IoT (which Schneider serves primarily through its EcoStruxure backbone).
I’d also note that when you plot the major players in electrification for both growth and margins, the strength of Schneider’s business really stands out – while Siemens is stronger in some specific areas (including its JV with Valeo(OTCPK:VLEEY) for electrical vehicles) and ABB has its strengths (LV systems, charging, and rail), Schneider has a strong suite of offerings for industrial and commercial markets.
I’m not making any major changes to my model at this point, but I am still looking for long-term revenue growth in the neighborhood of 4%. I’m looking for FCF margins to move into the low-double digits and drive high single-digit FCF growth, but I’d note that margins and FCF margins have historically been a weaker area for Schneider. Management has been addressing this by shifting its business toward higher-margin businesses, exiting lower-margin segments, and driving efficiency programs, but delivering on more of its margin potential is a key must-do for the stock to work long term.
The Bottom Line
Between discounted cash flow and margin/return-driven EV/EBITDA, I believe Schneider should trade around $17, so I think the shares are basically appropriately valued today. In an industrial sector that has gotten pricey again with the post-Christmas rally, I’d consider Schneider a better than average hold, but I’d love to see another pullback as an opportunity to go bullish again.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure, and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator, and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity, and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
PROVO, Utah — A Church of Jesus Christ of Latter-day Saints building was vandalized overnight Saturday.
The church building at 550 E. 3230 North in Provo and the fence surrounding it were covered in spray-painted graffiti filled with profanity, slurs and messages directed at Donald Trump and Joseph Smith.
FOX 13’s Car Critic Brian Champagne tests out the 2019 Ford F-150 4×4 Limited and the 2019 Chevrolet Colorado ZR2 Bison. One easily outperformed the other on a rough, steep trail, while the other was almost like a luxurious, around-town family SUV.