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Peloton dramatically expanded its market in 2020: James Hardiman
James Hardiman, Wedbush Securities, joins 'Closing Bell' to discuss Peloton's quarterly earnings. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic.
The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes not expected to slow down anytime soon.
But that also means more strain on its supply chain. In a letter to shareholders, Peloton said it had expected demand to “moderate,” but a recent resurgence of Covid-19 cases has “perpetuated the ...
published: 10 Sep 2020
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Peloton will be valued on topline growth: Wedbush's James Hardiman
James Hardiman, analyst at Wedbush, joins "TechCheck" to explain his expectation for Peloton's growth. To see more of the interview with Hardiman sign up for a free trial to CNBC Pro: https://cnb.cx/3ynl8Vg
Peloton said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with a treadmill recall mounted.
Shares were down about 6% in extended trading on the news, after initially falling as much as 15%.
Peloton warned that its earnings will be hurt in the near term because it’s slashing the price of its original Bike machine by about 20%. It’s also beginning to shift its business mix back toward treadmill sales, which are less profitable than those of its cycles.
The company separately disclosed it found a problem with the...
published: 27 Aug 2021
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James Hardiman US Tennis Smart Video
Applying for US College in August 2015/Spring2016
[email protected]
published: 10 Mar 2015
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James Hardiman 200 years on: Commemorating The History of the Town and County of the Town of Galway
This year marks the bicentenary of the publication of James Hardiman’s classic History of the Town and County of the Town of Galway. This webinar explores Hardiman as a scholar of music, poetry, folklore and history. The panellists will assess his work as a historian and as collector of songs, discuss the Galway of his lifetime and his association with the university, interspersed with performances.
The panellists are all contributors to a forthcoming book, commemorating Hardiman’s History and exploring artistic and cultural life in his adopted city over the past two hundred years.
Contributors
- Marie Boran (Special Collections Librarian, James Hardiman Library, NUI Galway)
- Dr Ciaran McDonough (Moore Institute, NUI Galway)
- Dr Jimmy O’Brien Moran (Lecturer, Waterford Institute of Te...
published: 01 May 2020
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James Hardiman on North Connaught College's Post Leaving Certificate Courses
Meet James Hardiman, Principal, of North Connaught College, Tubbercurry, as he guides us through the range of Post Leaving Certificate Courses available at North Connaught College. These courses are referred to as PLC courses. They are however geared to the needs of the jobs market and are of interest to Job Switchers or changers who wish to acquire skills to move to other areas of work
These courses give you a recognised educational qualification and are a pathway to further education/university degree. He discusses the application procedure and other details such as course content and work experience.
The North Connaught College website is where you can find details of all courses at https://northconnaughtcollege.net/courses/
A series of slides with information follow the interview....
published: 01 Sep 2022
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James Hardiman Library
published: 20 Jul 2022
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Siobhán McKenna Archive at NUI Galway James Hardiman Library
Siobhán McKenna was an internationally renowned actress, director and activist. Siobhán McKenna’s archive comprises of over 50 boxes of manuscripts, correspondents, photographs, scripts and other materials that document one of Ireland's greatest cultural figures.
published: 15 Nov 2019
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Peloton Is Not a Fad - James Hardiman
BloombergTV - Wedbush valuing Peloton based on subscription business potential
published: 22 Jan 2020
2:10
Peloton dramatically expanded its market in 2020: James Hardiman
James Hardiman, Wedbush Securities, joins 'Closing Bell' to discuss Peloton's quarterly earnings. For access to live and exclusive video from CNBC subscribe to ...
James Hardiman, Wedbush Securities, joins 'Closing Bell' to discuss Peloton's quarterly earnings. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic.
The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes not expected to slow down anytime soon.
But that also means more strain on its supply chain. In a letter to shareholders, Peloton said it had expected demand to “moderate,” but a recent resurgence of Covid-19 cases has “perpetuated the imbalance of supply and demand.” It said it doesn’t expect to return to “normalized order-to-delivery windows” in the U.S. before the end of the fiscal second quarter.
Its shares were up nearly 8% in after-hours trading.
Peloton also has proven that once it hooks a new customer, they tend to stick around. Average net monthly connected fitness churn was 0.75% in the latest period. And it’s predicting fiscal 2021 churn will remain under 1%.
Here’s how Peloton did for its fourth quarter ended June 30 compared with what analysts were expecting, based on Refinitiv data:
Earnings per share: 27 cents vs. 10 cents expected
Revenue: $607.1 million vs. $582.5 million expected
It swung to a profit of $89.1 million, or 27 cents per share, compared with a loss of $47.4 million, or $2.07 per share, a year earlier. Its earnings per share came in 17 cents ahead of analysts’ expectations.
Its sales skyrocketed to $607.1 million from $223.3 million a year earlier, topping a forecast for $582.5 million. Part of that increase stemmed from a spike in its apparel business, it said, at a time when many clothing companies are struggling but workout apparel is flying off shelves.
Peloton said it ended the quarter with more than 1.09 million connected fitness subscribers, up 113% from a year earlier, and roughly 3.1 million members in total, including those who only pay for its digital subscription. Connected fitness subscribers are people who pay $39 per month to sync workout classes to their Peloton equipment, versus accessing the programs separately through a phone or tablet device and paying just $12.99.
Its gross margins grew to 47.6%.
The pandemic ultimately boosted revenue more than 24% above the projection Peloton provided for fiscal 2020 after its IPO, while connected fitness subscribers were 23% higher than it originally anticipated in November.
Looking ahead, Peloton said its fiscal first-quarter sales should fall within a range of $720 million to $730 million, which would represent 218% growth year over year from the midpoint — way ahead of expectations for $506 million, according to Refinitiv estimates.
Peloton is calling for fiscal 2021 sales of between $3.5 billion and $3.65 billion, which at the midpoint of that range would be up 96% from a year earlier — again solidly outpacing estimates of $2.7 billion.
Earlier this week, Peloton announced the launch of two new items: A lower-priced, high-tech treadmill and a more expensive bike option with a rotating screen. Analysts expect that should bode well for the business moving forward, by attracting additional members and prompting current customers to make upgrades.
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https://wn.com/Peloton_Dramatically_Expanded_Its_Market_In_2020_James_Hardiman
James Hardiman, Wedbush Securities, joins 'Closing Bell' to discuss Peloton's quarterly earnings. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic.
The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes not expected to slow down anytime soon.
But that also means more strain on its supply chain. In a letter to shareholders, Peloton said it had expected demand to “moderate,” but a recent resurgence of Covid-19 cases has “perpetuated the imbalance of supply and demand.” It said it doesn’t expect to return to “normalized order-to-delivery windows” in the U.S. before the end of the fiscal second quarter.
Its shares were up nearly 8% in after-hours trading.
Peloton also has proven that once it hooks a new customer, they tend to stick around. Average net monthly connected fitness churn was 0.75% in the latest period. And it’s predicting fiscal 2021 churn will remain under 1%.
Here’s how Peloton did for its fourth quarter ended June 30 compared with what analysts were expecting, based on Refinitiv data:
Earnings per share: 27 cents vs. 10 cents expected
Revenue: $607.1 million vs. $582.5 million expected
It swung to a profit of $89.1 million, or 27 cents per share, compared with a loss of $47.4 million, or $2.07 per share, a year earlier. Its earnings per share came in 17 cents ahead of analysts’ expectations.
Its sales skyrocketed to $607.1 million from $223.3 million a year earlier, topping a forecast for $582.5 million. Part of that increase stemmed from a spike in its apparel business, it said, at a time when many clothing companies are struggling but workout apparel is flying off shelves.
Peloton said it ended the quarter with more than 1.09 million connected fitness subscribers, up 113% from a year earlier, and roughly 3.1 million members in total, including those who only pay for its digital subscription. Connected fitness subscribers are people who pay $39 per month to sync workout classes to their Peloton equipment, versus accessing the programs separately through a phone or tablet device and paying just $12.99.
Its gross margins grew to 47.6%.
The pandemic ultimately boosted revenue more than 24% above the projection Peloton provided for fiscal 2020 after its IPO, while connected fitness subscribers were 23% higher than it originally anticipated in November.
Looking ahead, Peloton said its fiscal first-quarter sales should fall within a range of $720 million to $730 million, which would represent 218% growth year over year from the midpoint — way ahead of expectations for $506 million, according to Refinitiv estimates.
Peloton is calling for fiscal 2021 sales of between $3.5 billion and $3.65 billion, which at the midpoint of that range would be up 96% from a year earlier — again solidly outpacing estimates of $2.7 billion.
Earlier this week, Peloton announced the launch of two new items: A lower-priced, high-tech treadmill and a more expensive bike option with a rotating screen. Analysts expect that should bode well for the business moving forward, by attracting additional members and prompting current customers to make upgrades.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
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Get the latest news: http://www.cnbc.com/
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- published: 10 Sep 2020
- views: 1755
3:15
Peloton will be valued on topline growth: Wedbush's James Hardiman
James Hardiman, analyst at Wedbush, joins "TechCheck" to explain his expectation for Peloton's growth. To see more of the interview with Hardiman sign up for a ...
James Hardiman, analyst at Wedbush, joins "TechCheck" to explain his expectation for Peloton's growth. To see more of the interview with Hardiman sign up for a free trial to CNBC Pro: https://cnb.cx/3ynl8Vg
Peloton said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with a treadmill recall mounted.
Shares were down about 6% in extended trading on the news, after initially falling as much as 15%.
Peloton warned that its earnings will be hurt in the near term because it’s slashing the price of its original Bike machine by about 20%. It’s also beginning to shift its business mix back toward treadmill sales, which are less profitable than those of its cycles.
The company separately disclosed it found a problem with the way it has been accounting for inventory. An audit of fiscal 2021, which ended on June 30, discovered a “material weakness” in the internal controls that govern Peloton’s financial reporting. It will not, however, result in the restatement of any of its past results, the company said.
Peloton offered up a disappointing first-quarter revenue outlook. The company faces heightened commodity costs and freight prices, while it plans to ramp up marketing spending in the months ahead.
Here’s how Peloton did for the quarter ended June 30 compared with what Wall Street was expecting, using a survey of analysts by Refinitiv:
Loss per share: $1.05 vs. 45 cents expected
Revenue: $936.9 million vs. $927.2 million expected
Peloton posted a net loss of $313.2 million, or $1.05 per share, compared with net income of $89.1 million, or 27 cents a share, a year earlier. That came in larger than the 45-cent loss forecast by analysts polled by Refinitiv.
Total revenue grew 54% to $936.9 million from $607.1 million a year earlier, topping estimates for $927.2 million. But the pace of growth slowed from the third quarter, when sales more than doubled from year-ago levels and topped $1 billion.
Growth tapered off, in part, due to Peloton recalling both its Tread and Tread+ treadmill products in May and temporarily halting sales of the machines. Its less-expensive Tread is set to go back on sale next week. The company has not yet said when it will resume sales of the Tread+.
But the cycle maker also faces stiffer competition from other at-home fitness businesses, such as Hydrow, Tonal and Lululemon-owned Mirror. And as pandemic restrictions are lifted, more consumers are opting to head back to the gym or take in-person group classes.
“The past year represented an inflection point for the connected fitness industry, with significant increases in awareness and demand following the onset of the Covid-19 pandemic,” Chief Executive John Foley wrote in a letter to shareholders.
Revenue from Peloton’s connected fitness segment, which includes contributions from the company’s acquisition of Precor, rose 35% year over year to $655.3 million, representing 70% of total revenue. Subscription revenue was up 132% to $281.6 million.
Churn rate ticks up
Peloton ended the quarter with 2.33 million connected fitness subscribers, a 114% increase from a year earlier. Connected fitness subscribers are people who own a Peloton product and also pay a monthly fee for access to the company’s digital workout content.
Digital subscriptions — which don’t require equipment — were up 176% to more than 874,000, boosted by free trials, the company said.
Average net monthly connected fitness churn, which Peloton uses to measure retention of connected fitness subscribers, ticked up to 0.73% from 0.52% a year earlier. Peloton’s churn rate had hit a six-year low of 0.31% in the prior quarter. The lower the churn rate, the less turnover Peloton is seeing with its user base.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/Peloton_Will_Be_Valued_On_Topline_Growth_Wedbush's_James_Hardiman
James Hardiman, analyst at Wedbush, joins "TechCheck" to explain his expectation for Peloton's growth. To see more of the interview with Hardiman sign up for a free trial to CNBC Pro: https://cnb.cx/3ynl8Vg
Peloton said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with a treadmill recall mounted.
Shares were down about 6% in extended trading on the news, after initially falling as much as 15%.
Peloton warned that its earnings will be hurt in the near term because it’s slashing the price of its original Bike machine by about 20%. It’s also beginning to shift its business mix back toward treadmill sales, which are less profitable than those of its cycles.
The company separately disclosed it found a problem with the way it has been accounting for inventory. An audit of fiscal 2021, which ended on June 30, discovered a “material weakness” in the internal controls that govern Peloton’s financial reporting. It will not, however, result in the restatement of any of its past results, the company said.
Peloton offered up a disappointing first-quarter revenue outlook. The company faces heightened commodity costs and freight prices, while it plans to ramp up marketing spending in the months ahead.
Here’s how Peloton did for the quarter ended June 30 compared with what Wall Street was expecting, using a survey of analysts by Refinitiv:
Loss per share: $1.05 vs. 45 cents expected
Revenue: $936.9 million vs. $927.2 million expected
Peloton posted a net loss of $313.2 million, or $1.05 per share, compared with net income of $89.1 million, or 27 cents a share, a year earlier. That came in larger than the 45-cent loss forecast by analysts polled by Refinitiv.
Total revenue grew 54% to $936.9 million from $607.1 million a year earlier, topping estimates for $927.2 million. But the pace of growth slowed from the third quarter, when sales more than doubled from year-ago levels and topped $1 billion.
Growth tapered off, in part, due to Peloton recalling both its Tread and Tread+ treadmill products in May and temporarily halting sales of the machines. Its less-expensive Tread is set to go back on sale next week. The company has not yet said when it will resume sales of the Tread+.
But the cycle maker also faces stiffer competition from other at-home fitness businesses, such as Hydrow, Tonal and Lululemon-owned Mirror. And as pandemic restrictions are lifted, more consumers are opting to head back to the gym or take in-person group classes.
“The past year represented an inflection point for the connected fitness industry, with significant increases in awareness and demand following the onset of the Covid-19 pandemic,” Chief Executive John Foley wrote in a letter to shareholders.
Revenue from Peloton’s connected fitness segment, which includes contributions from the company’s acquisition of Precor, rose 35% year over year to $655.3 million, representing 70% of total revenue. Subscription revenue was up 132% to $281.6 million.
Churn rate ticks up
Peloton ended the quarter with 2.33 million connected fitness subscribers, a 114% increase from a year earlier. Connected fitness subscribers are people who own a Peloton product and also pay a monthly fee for access to the company’s digital workout content.
Digital subscriptions — which don’t require equipment — were up 176% to more than 874,000, boosted by free trials, the company said.
Average net monthly connected fitness churn, which Peloton uses to measure retention of connected fitness subscribers, ticked up to 0.73% from 0.52% a year earlier. Peloton’s churn rate had hit a six-year low of 0.31% in the prior quarter. The lower the churn rate, the less turnover Peloton is seeing with its user base.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
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Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
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https://www.cnbc.com/select/best-credit-cards/
#CNBC
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- published: 27 Aug 2021
- views: 2327
1:06:36
James Hardiman 200 years on: Commemorating The History of the Town and County of the Town of Galway
This year marks the bicentenary of the publication of James Hardiman’s classic History of the Town and County of the Town of Galway. This webinar explores Hardi...
This year marks the bicentenary of the publication of James Hardiman’s classic History of the Town and County of the Town of Galway. This webinar explores Hardiman as a scholar of music, poetry, folklore and history. The panellists will assess his work as a historian and as collector of songs, discuss the Galway of his lifetime and his association with the university, interspersed with performances.
The panellists are all contributors to a forthcoming book, commemorating Hardiman’s History and exploring artistic and cultural life in his adopted city over the past two hundred years.
Contributors
- Marie Boran (Special Collections Librarian, James Hardiman Library, NUI Galway)
- Dr Ciaran McDonough (Moore Institute, NUI Galway)
- Dr Jimmy O’Brien Moran (Lecturer, Waterford Institute of Technology, and noted piper)
- Prof. Lillis Ó Laoire (Roinn na Gaeilge, NUI Galway, and noted traditional singer
- Dr Nollaig Ó Muraíle (formerly Roinn na Gaeilge, NUI Galway)
Host
Dr John Cunningham (Director of MA History programme/Moore Institute, NUI Galway)
Hardiman and Beyond: the Arts and Culture in Galway, 1820-2020, edited by John Cunningham and Ciaran McDonough (Arden), will be available in the autumn.
Hosted by the Moore Institute, this webinar was broadcast on Zoom and Facebook Live on 29th April, 2020.
https://wn.com/James_Hardiman_200_Years_On_Commemorating_The_History_Of_The_Town_And_County_Of_The_Town_Of_Galway
This year marks the bicentenary of the publication of James Hardiman’s classic History of the Town and County of the Town of Galway. This webinar explores Hardiman as a scholar of music, poetry, folklore and history. The panellists will assess his work as a historian and as collector of songs, discuss the Galway of his lifetime and his association with the university, interspersed with performances.
The panellists are all contributors to a forthcoming book, commemorating Hardiman’s History and exploring artistic and cultural life in his adopted city over the past two hundred years.
Contributors
- Marie Boran (Special Collections Librarian, James Hardiman Library, NUI Galway)
- Dr Ciaran McDonough (Moore Institute, NUI Galway)
- Dr Jimmy O’Brien Moran (Lecturer, Waterford Institute of Technology, and noted piper)
- Prof. Lillis Ó Laoire (Roinn na Gaeilge, NUI Galway, and noted traditional singer
- Dr Nollaig Ó Muraíle (formerly Roinn na Gaeilge, NUI Galway)
Host
Dr John Cunningham (Director of MA History programme/Moore Institute, NUI Galway)
Hardiman and Beyond: the Arts and Culture in Galway, 1820-2020, edited by John Cunningham and Ciaran McDonough (Arden), will be available in the autumn.
Hosted by the Moore Institute, this webinar was broadcast on Zoom and Facebook Live on 29th April, 2020.
- published: 01 May 2020
- views: 203
13:26
James Hardiman on North Connaught College's Post Leaving Certificate Courses
Meet James Hardiman, Principal, of North Connaught College, Tubbercurry, as he guides us through the range of Post Leaving Certificate Courses available at No...
Meet James Hardiman, Principal, of North Connaught College, Tubbercurry, as he guides us through the range of Post Leaving Certificate Courses available at North Connaught College. These courses are referred to as PLC courses. They are however geared to the needs of the jobs market and are of interest to Job Switchers or changers who wish to acquire skills to move to other areas of work
These courses give you a recognised educational qualification and are a pathway to further education/university degree. He discusses the application procedure and other details such as course content and work experience.
The North Connaught College website is where you can find details of all courses at https://northconnaughtcollege.net/courses/
A series of slides with information follow the interview.
This interview is a production of Work Matters at Sligo Libraries. Work Matters supports those seeking employment, upskilling or career change and entrepreneurs starting or growing a business.
https://wn.com/James_Hardiman_On_North_Connaught_College's_Post_Leaving_Certificate_Courses
Meet James Hardiman, Principal, of North Connaught College, Tubbercurry, as he guides us through the range of Post Leaving Certificate Courses available at North Connaught College. These courses are referred to as PLC courses. They are however geared to the needs of the jobs market and are of interest to Job Switchers or changers who wish to acquire skills to move to other areas of work
These courses give you a recognised educational qualification and are a pathway to further education/university degree. He discusses the application procedure and other details such as course content and work experience.
The North Connaught College website is where you can find details of all courses at https://northconnaughtcollege.net/courses/
A series of slides with information follow the interview.
This interview is a production of Work Matters at Sligo Libraries. Work Matters supports those seeking employment, upskilling or career change and entrepreneurs starting or growing a business.
- published: 01 Sep 2022
- views: 60
1:09
Siobhán McKenna Archive at NUI Galway James Hardiman Library
Siobhán McKenna was an internationally renowned actress, director and activist. Siobhán McKenna’s archive comprises of over 50 boxes of manuscripts, corresponde...
Siobhán McKenna was an internationally renowned actress, director and activist. Siobhán McKenna’s archive comprises of over 50 boxes of manuscripts, correspondents, photographs, scripts and other materials that document one of Ireland's greatest cultural figures.
https://wn.com/Siobhán_Mckenna_Archive_At_Nui_Galway_James_Hardiman_Library
Siobhán McKenna was an internationally renowned actress, director and activist. Siobhán McKenna’s archive comprises of over 50 boxes of manuscripts, correspondents, photographs, scripts and other materials that document one of Ireland's greatest cultural figures.
- published: 15 Nov 2019
- views: 692
3:42
Peloton Is Not a Fad - James Hardiman
BloombergTV - Wedbush valuing Peloton based on subscription business potential
BloombergTV - Wedbush valuing Peloton based on subscription business potential
https://wn.com/Peloton_Is_Not_A_Fad_James_Hardiman
BloombergTV - Wedbush valuing Peloton based on subscription business potential
- published: 22 Jan 2020
- views: 21