Musings on Markets

JANUARY 9, 2021

I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Musings on Markets

DECEMBER 10, 2023

We will end with a discussion of how enterprises try, with mixed effects, to build protections against the loss of key personnel. We will then follow up with a framework for thinking about how key people can affect the value of a business, with practical suggestions on valuing and pricing key people. Who is a key person?

Valuation 113

Valuation Profit and Loss Entertainment Investments 113

PYMNTS

AUGUST 3, 2017

Our Red Flag research shows that a recent loss of momentum in the economy is putting increased financial pressure on U.K. That system analyzes working capital, profits, net worth and contingent liabilities, according to the report. In the U.K.’s The company recorded a 4.5

Numbers 46

Numbers Construction Profit and Loss Credit Risk 46

Musings on Markets

JANUARY 5, 2024

Thus, looking at only the companies in the S&P 500 may give you more reliable data, with fewer missing observations, but your results will reflect what large market cap companies in any sector or industry do, rather than what is typical for that industry.

Valuation 98

Valuation Financial Analysis Analyzing Data Profit and Loss 98

Musings on Markets

MARCH 8, 2023

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. As growth moderates and profitability improves, free cash flows to equity will turn positive, giving these firms the capacity to return cash.

Hurdle Rate 91

Hurdle Rate Corporate Finance Investments Finance 91

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. What is a risk free investment? Why does the risk-free rate matter?

Investments 80

Investments Currencies Treasury Hurdle Rate 80

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Advertising 98

Advertising Profit and Loss Investments Marketing 98

PYMNTS

MARCH 22, 2016

With FinTech innovators and disruptors, financial institutions and traditional banks and already established payments players exploring the potential of the technology, the market is likely to see some consolidation and a more defined direction in how the blockchain is applied to the global ecosystem.

Banking 43

Banking Profit and Loss Finance Technology 43

Barry Ritholtz

APRIL 6, 2023

My morning train WFH reads: • The Active Management Delusion: Respect the Wisdom of the Crowd : “My basic point here is that neither the Financial Analysts as a whole nor the investment funds as a whole can expect to ‘beat the market,’ because in a significant sense they (or you) are the market. Bloomberg ) • How Disney beat Gov.

Valuation 113

Valuation Profit and Loss Financial Analyst Concentration 113

Barry Ritholtz

APRIL 11, 2023

They had the access to loss and excel really. And I think that’s a loss. So you discuss on how all this adds up to a puzzle of corporate finance that you enjoy untangling. And the only reason I can think for why dividends became the key way of returning cash is I went back to the history of markets.

Valuation 117

Valuation Education Finance Numbers 117