Market America’s Story of Growth and Entrepreneurial Success

In August 2017, Market America held an International Convention at the Greensboro Coliseum for its anniversary celebration. The colorful event showcased different updates for the company that encompassed new strategic initiatives, new products, and new technologies. Market America simply defines itself as an internet marketing and brokerage company that is classified as a multi-level marketing company. Having been in the business for several decades, the company came into existence in 1992 when it was founded by Loren Ridinger together with her husband James Howard Ridinger.

Today, JR Ridinger serves as the Chairman and CEO of Market America, and the states of how well people are succeeding rapidly through his company. With the headquarters of Market America in Greensboro, North Carolina, the company has expanded gradually since inception to having over 650 employees according to the data collected in 2010. To date, more branches have been opened in various locations across the globe including Mexico, United Kingdom, Hong Kong, and Taiwan. The most recent is in Malaysia where the company identified a gap that needed to be filled.

Considering the fact that Market America is a product brokerage company, it deals with a wide range of items. Its most common offerings include; personal care products, auto care, jewelry, cosmetics, cleaning supplies, and dietary supplements. Other health-related products include weight management products and water purifiers whose demand rises each day as a result of the awareness of being in good health. Moreover, the company has sold other items such as electronics, coffee, flowers, and apparel. Back in 2008, JR facilitated a partnership with iMirus so as to produce MA Newsstand that specialized in offering print and digital versions of books, catalogs, and magazines.

Apart from making major improvements by increasing the number of products to deal with, Market America invests back into its business to ensure continued growth and development. In December 2010, the company started a comprehensive process of acquiring Shop.com, a website that deals with the comparison of items. Today, numerous enhancements have been implemented on the site to ensure that customers enjoy a flawless and frictionless checkout process whenever they are placing their orders.

Highland Capital Investment Shifts Focus to Alternative Investments

Highland Alternative Investors, a subsidiary of the huge Highland Capital Management company recently revealed that it is shifting its focus away from traditional SP 500s and towards alternative investments in the health and other emerging sectors after its investments last year showed they made more than a triple of what they made from S & P 500 through investment in similar alternatives. The company which is based out of Dallas made a return of 31.6% in the year 2016 from its Class A shares compared to a much smaller return of 12% made on its large cap S & P shares.

Even though Highland Capital Management oversees the management of more than 15 Billion dollars in assets, its subsidiary Highland Alternative Investment has a much smaller fund that is made up of just about $55 million in assets. Which makes the results even more impressive. The latter is managed by Michael Gregory together with James Dondero. Mr. James Dondero is one of the co-founders of Highland Capital Management and currently serves as the president of the company.

While explaining why the company had enjoyed what he called a great year in 2016, Michael Gregory pointed out that the company has a high credit competency and this is why even though the prices of oil continued to fall throughout the year they were still able to enjoy lucrative partnerships and deals with pipelines. Even more interesting was his response when asked to give his six best stock picks for the year 2017.

Considering the fact that health care was the only sector within the S&P 1500 Index that posted a decline in 2016, it would seem odd that this was the first sector that the guys from Highland Capital Investment would mention as their stock pick. But they predict that the sector is set for a rebound this year as a result of the addiction to opioids in the States. The fact that insurance companies are now taking notice and accelerating the approval process for new pain relieving drugs that are less addictive could lead to increased production and faster growth within the industry.