Musings on Markets

SEPTEMBER 19, 2023

The Instacart Business Model The Instacart business model extends online shopping, already common in other areas of retailing, into the grocery store space. In the second, I will examine the forces that are pushing consumers to online grocery shopping, and the ceiling for that growth is much lower than it is than in other areas of retailing.

Profit and Loss 102

Profit and Loss Valuation Advertising Investments 102

PYMNTS

APRIL 29, 2016

And Alibaba gets the boon of having a finance arm that now has an implied valuation of $60 billion. . The positive for Ant Financial is that should the company need a cash infusion, or should the economic shoals become too rocky to navigate (remember, China’s growth is slowing), there could possibly be a bailout. . Sizzle or Fizzle?

Advertising 40

Advertising Valuation Sales Construction 40

Musings on Markets

DECEMBER 10, 2021

The compressed corporate life cycle, and the potential for CEO/company mismatches that it creates, adds a layer of additional uncertainty to valuation. Implications for Investors I have long argued that when investing in young tech companies, you are investing in a story about the company, not an extrapolation of numbers.

Valuation 83

Valuation Manufacturing Investments Marketing 83

PYMNTS

APRIL 7, 2016

Economic fears may have quieted in the absence of daily headlines over China and its own growth question, but that question is far from answered. So, valuations are enough to start people thinking or sweating … and possibly, selling. And that may be enough to pull down the markets as a whole (maybe indiscriminately).

Forecasting 40

Forecasting GAAP Valuation Marketing 40

Barry Ritholtz

AUGUST 29, 2023

Few people are in a position to see what’s going on in the world of investing, whether it’s institutional or retail, better than Vanguard CIO. So a variety of risk meetings, a variety of economic meetings. DAVIS: Where international equities, because of valuations, probably 7% to 7.5%. I think you will also.

Investments 52

Investments Benchmarking Valuation Construction 52

Musings on Markets

OCTOBER 19, 2021

When disclosure laws were first written in the aftermath of the great depression, they were focused on the publicly traded firms of the time, a mix of utilities, manufacturing and retail firms. We would recommend requiring that companies that disclose TAM figures couple them with forecasts of their market share of those TAM figures.

Profit and Loss 70

Profit and Loss Accounting Numbers IFRS 70

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. We are not macro forecasters, but we are macro aware understanding what’s happening in the economy with technicals in the markets.

Investments 52

Investments Economics Banking Construction 52

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. You know, when you see retailers, the Targets, Walmarts, you know, they’re changing in terms of dropping price.

Mergers and Acquisitions (M&A) 57

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

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

PYMNTS

JANUARY 27, 2017

Still, it seems for all the sizzling news, Ma is actually a bit less exuberant than normal — and actually predicting something of a coming economic fizzle. On the whole, a strong picture — particularly considering all that growth occurred while Chinese consumer spending was widely forecasted to contract. The winner was Ant Financial.

Economics 40

Economics Valuation eCommerce Forecasting 40

Barry Ritholtz

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector. You see these things before they start to show up in the economic data. BARATTA: Yeah.

Investments 61

Investments Valuation Marketing Currencies 61

Barry Ritholtz

AUGUST 16, 2022

And now, some of the retailers are talking about easing Amazon and Walmart. Well, I’m not forecasting another 20% down, but I do think we could go down 5% or 10%. How do you contextualize the economic data and the broad stamp recession when you’re thinking about managing risk? They were in a mad dash to hire.

Profit and Loss 118

Profit and Loss Foreign Exchange Valuation Investments 118

Barry Ritholtz

MARCH 12, 2024

So in this, in this context of, of a mortgage now being clear to everyone that this default risk is present, it’s real, and it’s hard to price because following the borrower’s economic profile, there, there are defaults that are related to just life events, but there’s also defaults related to a macroeconomic event.

Profit and Loss 57

Profit and Loss Investments Marketing Securities 57

Barry Ritholtz

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 115

Valuation Education Finance Investments 115

CFO News Room

JANUARY 26, 2023

An economic adviser in the Obama White House, David] Kamin isn’t the only one struck by a foreboding sense of déjà vu. Stats Watch Employment Situation: “United States Initial Jobless Claims” [ Trading Economics ]. Manufacturing: “United States Durable Goods Orders” [ Trading Economics ]. Lower, naturally.) percent increase.

Manufacturing 130

Manufacturing Economics Communication Healthcare 130