Cube Software

MAY 11, 2023

They're constructed to answer specific questions relevant to one or more of the financial statements. This is always important to do, but especially now in the midst of economic uncertainty. Normally, these are concerned with a company's present situation - you build on historical data to create financial statements.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

PYMNTS

JANUARY 29, 2019

It hurts their credit rating, it impacts the entire half of their economic life.”. Instead, Allred explained, the school is built around filling gaps in employment, meaning places where there are worker shortages are usually where Lambda starts its program construction efforts.

Education 46

Education Startups Construction Valuation 46

PYMNTS

NOVEMBER 23, 2017

Or to put it another way, with valuations stretched across bourses and asset classes outside China, wouldn’t it follow that there would be a rush into this new open market? So, with the caps uncapped, it follows that Western firms and companies will be operating in environments where investment pickings might be relatively slim.

Marketing 51

Marketing Banking Investments Construction 51

PYMNTS

MAY 18, 2018

The scale of the proposed transaction, and therefore the quantum of its economics, is wholly different from those we’ve already signed,” the executive said, noting that Kroger was in the best position to be successful in the U.S. In the middle of it all, the company is looking to raise $10 billion with an implied valuation of $160 million.

Construction 40

Construction Benchmarking Retail Valuation 40

PYMNTS

APRIL 29, 2016

And Alibaba gets the boon of having a finance arm that now has an implied valuation of $60 billion. . a sovereign wealth fund, and China Construction BankCorp., Throwing money at growth for growth’s sake leads to sky high valuations. . But s ky high valuations led to euphoria, and then despair, eventually.

Advertising 40

Advertising Valuation Sales Construction 40

Musings on Markets

JULY 22, 2021

Zomato: Story and Valuation With the lead in on Zomato's history and business model, I can start constructing a story and valuation for the company, with the recognition that the biggest part of the story is in its macro elements. There are, however, other facts about the unit economics that lend to optimism on the story.

Marketing 86

Marketing Valuation Profit and Loss Advertising 86

Musings on Markets

AUGUST 5, 2023

I will try to steer away from models and economic jargon in this section, simply because they do little to advance understanding and much to muddy the waters. In much of valuation, especially in the appraisal community, historical risk premiums remain the prevalent standard for measuring equity risk premiums, and there are a few reasons.

Treasury 78

Treasury Valuation Investments Corporate Finance 78

Barry Ritholtz

OCTOBER 24, 2022

So I leave the Bureau of Labor Statistics and I move into economic consulting. And how do we think about them from a valuation perspective? You said earlier, valuations were historically high both stocks and bonds late 2021, right about now, what are we? That’s very funny. NORTON: Right. And so you can think of that.

Investments 52

Investments Valuation Benchmarking Marketing 52

Barry Ritholtz

DECEMBER 1, 2022

I have been fairly vocal that inflation has peaked , the Fed has already overtightened, and they run the risk of doing too much economic damage fighting a demon that has already been exorcised. Maybe this economic slowing results in a mild shallow recession, maybe not. Constructive? GDP is flattish to slightly positive.

Economics 114

Economics Construction Valuation Marketing 114

Barry Ritholtz

JULY 24, 2023

The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. The second, and what’s interesting about that period, is the fact that valuations actually peaked in 1961. MIAN: Valuations are ebb and flow. RITHOLTZ: So let’s take a couple of examples. Let me explain.

Construction 52

Construction Marketing Valuation Investments 52

Barry Ritholtz

DECEMBER 19, 2023

And when they look at a sector, they want to be long, the very best stocks at the best valuations they can, and short the worst stocks at the worst valuations. It was there that we learned a unique and differentiated approach to portfolio construction and invest in where the output was an on uncorrelated alpha return stream.

Healthcare 61

Healthcare Investments Construction Concentration 61

Barry Ritholtz

AUGUST 29, 2023

So I was a mile deep on a subject matter of bond indexing, but now I had the opportunity to lead an equity indexing group, the entire fixed income team, our investment strategy team that does research for our clients around portfolio construction, those types of things. So a variety of risk meetings, a variety of economic meetings.

Investments 52

Investments Benchmarking Valuation Construction 52

CFO News Room

NOVEMBER 5, 2022

I have written about the firm many times, over that period, starting with a valuation that I did of the company in 2012, just ahead of it going public. As economic growth has slowed and concerns about a recession have risen, revenue growth has dropped at all of the companies in this space has declined.

Marketing 130

Marketing Advertising Profit and Loss Investments 130

Musings on Markets

NOVEMBER 4, 2022

I have written about the firm many times, over that period, starting with a valuation that I did of the company in 2012, just ahead of it going public. As economic growth has slowed and concerns about a recession have risen, revenue growth has dropped at all of the companies in this space has declined.

Advertising 98

Advertising Profit and Loss Investments Marketing 98

PYMNTS

APRIL 11, 2016

That’s where a little history — and a lot of economics — can help. When all you hear about are the success stories and unicorns and multi-billion dollar IPOs with scant revenue streams to support the valuations, it’s easy to ignore how long it’s taken successful platforms to scale. Four: A platform’s work is never done.

Leverage 45

Leverage Construction Valuation Accounting 45

Barry Ritholtz

OCTOBER 17, 2023

A degree in mathematics from Oxford, a doctorate in mathematical epidemiology and economics from Cambridge. And you do a lot of work with infinity [Barry Ritholtz] : 00:03:29 [Speaker Changed] And then economics, which is a little bit squishier. What made you add economics to your, to your graduate degree? What is that?

Investments 52

Investments Valuation Math Numbers 52

Barry Ritholtz

MARCH 5, 2024

So I switched to be an economics major. I graduated economics with, with a lot of coursework in accounting and finance. What happened over the last year and a half or so is rates went up and valuations went down. How does this affect how you think about putting portfolios together, constructing portfolios?

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Credit Risk Investments Banking 57

Barry Ritholtz

DECEMBER 14, 2022

MCCARTHY: I’d back up actually a little bit further in thinking about how did I get there, because I don’t think it was very obvious actually that I would come out of Yale with an ethics, politics and economics degree — RITHOLTZ: Perfect really, right? But that is a different kind of approach to portfolio construction.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Investments Construction Concentration 61

Musings on Markets

SEPTEMBER 1, 2021

For the last two decades, China has been the dominant story for both the global economy and capital markets, as the country's immense growth and infrastructure investments have sustained commodity prices, and altered the balance of world economic power.

Valuation 98

Valuation Economics Marketing Investments 98

Barry Ritholtz

SEPTEMBER 26, 2023

So you have almost a doubling of the interest coupon paid by some of these businesses against the backdrop of c ovid 19 inflation and some of the economic pressures that come with, with those factors. And if they don’t, we’re happy to own them at the valuation that we are creating that company act. Tell us about that.

Investments 52

Investments Economics Banking Construction 52

Barry Ritholtz

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. What are the, you know, I’d literally have it in my handheld.

Sales 52

Sales Marketing Numbers Construction 52

Barry Ritholtz

JUNE 13, 2023

And so we go back to the basics of what our job should be, risk underwriting, risk assessment, asset prices are different from asset valuation. I mean the valuation is the future cash flow discounted at a risk-free rate plus a risk premium. RITHOLTZ: So let’s talk a little bit about valuations relative to risk and reward.

Investments 57

Investments Banking Entertainment Valuation 57

Barry Ritholtz

FEBRUARY 13, 2023

Now, we’re shifting to more international places like China, Europe, et cetera, that are really growing, and that valuations are cheaper. RIEDER: And all of a sudden, you change the economic paradigm so darn fast. Think about the incredible growth of U.S. technology, that was something to ride for a while. RIEDER: Yeah.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Investments Marketing Education 57

Barry Ritholtz

AUGUST 15, 2023

It’s much more about security selection and a relatively static portfolio construction. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. What’s the valuation? SEIDES: I would say that’s not really part of my belief system of what a hedge fund is trying to deliver. RITHOLTZ: Right.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52

Barry Ritholtz

MARCH 26, 2024

You get a BA in economics and poli sci from the University of Delaware. And it had to do with the discipline of the models that he used and how he segmented economic liquidity, investor liquidity, and then technicals and and breath conditions and understood how they melded together. What was the original career plan?

Investments 57

Investments Marketing Concentration Economics 57

Barry Ritholtz

MARCH 14, 2023

You get a BA in Economics from Hamilton College. So what we did was we figured out the economic rationale, the macroeconomic influences about why growth and value work at any point in time. Everybody wants to sell a company when they get a good valuation. So we do a lot of valuation work. You get an MBA from NYU.

Quantitative Analysis 61

Quantitative Analysis Investments Valuation Marketing 61

Barry Ritholtz

AUGUST 16, 2022

And so that’s a really fertile, constructive environment for us to try and generate returns. But will it be volatile enough for it to be fertile for what we do and constructive for what we do? How do you contextualize the economic data and the broad stamp recession when you’re thinking about managing risk?

Profit and Loss 118

Profit and Loss Foreign Exchange Valuation Investments 118

Barry Ritholtz

MARCH 12, 2024

So we could construct trades that had very, very low premiums to sell this volatility to, to basically join the consumer on their side of the trade, which is in essence buying insurance on, on the bonds that were exposed to these great risk. Do you, do you still have any? Sean Dobson : I have one in my office now. That’s awesome.

Profit and Loss 57

Profit and Loss Investments Marketing Securities 57

Barry Ritholtz

DECEMBER 20, 2022

It’s just a fascinating conversation about looking at the world from both bottoms up and top-down, as well as thinking about what valuations are like, how likely are macro events, the impact you’re getting not just the return on capital, but as famously said in fixed income, a return of your capital. RITHOLTZ: Really quite fascinating.

Restructuring 61

Restructuring Investments Marketing Banking 61

Barry Ritholtz

NOVEMBER 22, 2022

Instead, I’m talking about a fundamental belief that economic setbacks are temporary and the future will be better than the past. The catalyst for their downfall is the same as it always is — a good business overextending themselves by gorging on cheap credit collateralised by high and rising valuations of assets on their balance sheet.

Construction 103

Construction Valuation Investments Economics 103

CFO News Room

NOVEMBER 26, 2022

Why RIA M&A activity has slowed down since October and how deal structures could be affected in the current economic environment. But while deal flow remained strong through the first three quarters of 2022, M&A activity appears to be slowing amid higher interest rates, slumping markets, and cooling economic conditions.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Securities Investments 130

Barry Ritholtz

FEBRUARY 12, 2024

And at that point, I decided what I really wanted to do was be a PhD in economics. And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. We’ve had a wild shortfall in home construction in the 2010s following the financial crisis.

Investments 114

Investments Marketing Numbers Entertainment 114