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. In contrast, a company like Yahoo!

Start-ups 106

Start-ups Market Capitalization Marketability Dividends 106

Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. In sum, the company's market cap has risen from $2.8 In sum, the company's market cap has risen from $2.8 For much of the last decade, Tesla skeptics have struggled with explaining why the stock is priced at the levels that it is, by the market.

Start-ups 101

Start-ups Dividends Marketability Market Capitalization 101

Equidam

NOVEMBER 22, 2021

We base our estimates on real transactions by country since November 1st, 2017. For decades, the technology sector’s part of global GDP has been gradually increasing, as has its share of world market capitalization. What’s changing.

EBITDA 52

EBITDA Specific Risk Technology Marketability 52

Reynolds Holding

JANUARY 9, 2023

While a settlement was initially resolved in 2017, a last-minute appeal and a lengthy process caused this investor action to receive final settlement approval in June 2022. billion loss in market capitalization after December 2017 disclosures. NovaStar Mortgage. A brief synopsis of the largest 2022 non-U.S.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Musings on Markets

APRIL 21, 2022

In the years since, those user numbers have grown, as can be seen in the chart below: In keeping with disclosure practices at other user-based companies, in 2017, Twitter also started tracking and reporting the users who were most active on its platform, by looking at daily usage, and counting daily active users (DAU). The Musk Entree!

Start-ups 114

Start-ups Marketability Technology Market Capitalization 114

Musings on Markets

NOVEMBER 1, 2023

It was after one of these downturns in 2019, when the stock hit $180 (with a market cap of $32 billion), that I bought Tesla for the first time , albeit labeling it as my corporate teenager, an investment that would frustrate me because it would get in the way of its own potential.

Start-ups 126

Start-ups Marketability Market Capitalization Beta 126

Reynolds Holding

APRIL 13, 2023

The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.” The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.”

Market Capitalization 45

Market Capitalization Marketability 45

Reynolds Holding

JULY 6, 2023

for at least four consecutive quarters, we identify 329 lowball firms, or approximately 11 percent of our 2,953 sample firms during the period of 2001-2017. percent in 2017. Using the criterion that a firm beats its own EPS guidance by at least $0.05 percent in 2001 to 13.6

Marketability 45

Marketability Market Capitalization Technology Finance 45

Musings on Markets

MAY 5, 2023

The overarching questions for us all are whether this crisis will spread to the rest of the economy and market, as it did in 2008, and how banking as a business, at least in the US, will be reshaped by this crisis, and while I am more a dabbler than an expert in banking, I am going to try answering those questions.

Banking 98

Banking Equity Start-ups Treasury 98

Benzinga

OCTOBER 11, 2024

4 Enhanced capital markets profile and shareholder base : the pro forma combined entity is expected to have a market capitalization of approximately C$35 million 5. 7 1 Source: Black Lake Property, Fall 2017 Diamond Drilling Program Report - MARS Assessment Work Report #2715. including 4.9%

Market Capitalization 45

Market Capitalization Marketability 45

Musings on Markets

SEPTEMBER 11, 2023

Market Effects As streaming has changed the movie and broadcasting businesses, financial markets have struggled to get a handle on how these changes affect the values of companies int these businesses.

Start-ups 83

Start-ups Market Capitalization Marketability Technology 83

Reynolds Holding

JANUARY 23, 2024

in August 2019, wiping out about $36 billion in market capitalization. A week after a New York Times article exposed some of the practices in July 2017, the company admitted in a SEC filing that it had been aware of the problems previously. According to the complaint, the undisclosed cost cuts ultimately led to a massive $15.4

Banking 59

Banking Private Equity Firm Alpha Compliance 59

Reynolds Holding

NOVEMBER 16, 2023

To assess the impact of enforcement, we examine investor reaction to 116 enforcement events announced between April 2017 and November 2021. Specifically, we extracted daily prices, volume, and market capitalization of 2,397 liquid cryptoassets with a minimum market capitalization of $1 million.

Marketability 45

Marketability Market Capitalization Finance Technology 45

Reynolds Holding

SEPTEMBER 1, 2022

Of note: previously, in 2017, Treasury Wine settled a separate shareholder class action for AUD $49 million. In addition to the penalties levied, these events by Airbus, and the disclosure of the underlying wrongdoing, had a significant impact on shareholder value, reducing the market capitalization of the Company by €7.5

Treasury 45

Treasury Marketability Market Capitalization Compliance 45

Reynolds Holding

MAY 31, 2023

As the truth was revealed, Wells Fargo’s stock plummeted, wiping out $54 billion in market capitalization, including a 22.5% In 2017, Wells Fargo admitted that the bank opened over 3.5 Current CEO Charles Scharf also admitted to the bank suffering from a “ broken ” culture and “flawed business” model.

Banking 52

Banking Compliance Market Capitalization Marketability 52

Reynolds Holding

JANUARY 18, 2023

Russell assigns a value-weighted portfolio weight according to each stock’s market capitalization. The 2017 landmark shareholder victory – in which index funds cast the key votes – that pushed Exxon Mobil to disclose the impact of climate change on its business is a good example.

Market Capitalization 45

Market Capitalization Marketability Finance 45

Reynolds Holding

MARCH 29, 2022

They are directly derived from the Task Force on Climate-Related Financial Disclosures (“TCFD”), whose recommendations came out in 2017, and the Greenhouse Gas Protocol, which dates back to 1997. But the SEC’s proposals do not come out of the blue.

Market Capitalization 56

Market Capitalization Marketability Accounting Firms Compliance 56

Musings on Markets

DECEMBER 10, 2021

I think Uber dodged the bullet in 2017, when t hey decided not to hire Jeff Immelt as CEO for the company. A Hiring Mistake : The first is that the board of directors for a company seeking a new CEO hires someone who is viewed by many as a successful CEO, but whose success came at a company at a very different stage in its life cycle.

Start-ups 99

Start-ups Marketability Technology Market Capitalization 99

Reynolds Holding

JANUARY 9, 2023

4] Based on this evidence, we focus our analysis on large firms with a market capitalization above the median for each year in Compustat. Retrieved March 24, 2017. [2] Cox and Thomas, 2005).[4] In our estimation, the pre-SOX period spans from 1996 to 1999, and the post-SOX period ranges from 2002 to 2005. ENDNOTES. [1]

Marketability 45

Marketability Market Capitalization 45

Musings on Markets

FEBRUARY 27, 2022

The largest sector, in the US, in terms of market capitalization, is information technology and I have argued that tech companies age in "dog years" , with compressed life cycles.

Start-ups 99

Start-ups Equity Book Value Marketability 99

Musings on Markets

OCTOBER 4, 2021

In 2017 it added Paytm Gold , allowing users to buy gold in quantities as little as 1 rupee, and Paytm Payments Bank , a messaging platform with in-Chat payments. In 2018, it added a Paytm Money , for investment and wealth management, and in 2019, it launched a Paytm for Business app for merchants to track payments.

Start-ups 96

Start-ups Banking Marketability Technology 96

Reynolds Holding

APRIL 7, 2024

The TCFD framework, introduced in 2017, is the most widely implemented standard. Figure 2: Mapping Jurisdictions by Average Portfolio Decarbonisation Strategy Score vs Average Carbon Footprint of the Portfolio Score Note: Bubble size represents the collective market capitalization of the companies assessed within that market.

Finance 59

Finance Banking Marketability Start-ups 59

Reynolds Holding

NOVEMBER 15, 2022

Charges against audit firm CohnReznick LLP for improper professional conduct on engagements for two clients in 2017. million in municipal bonds across two offerings in 2017 and 2018. A litigated matter charging Vale S.A. , Foreign Corrupt Practices Act. that engage in bribery and other prohibited corrupt practices abroad.

Compliance 45

Compliance Marketability Technology Alpha 45

Musings on Markets

DECEMBER 2, 2020

While the concept was heavily promoted, it has been slow to take off, with only $10 million in sales in 2017, but Airbnb has not given up, hiring Catherine Powell, a Disney theme park executive in 2020, to revamp the business.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Musings on Markets

APRIL 20, 2021

I will begin by laying out the pathways through which corporate taxes affect company value, and then looking at how the 2017 tax reform act, which lowered the federal tax rate from 35% to 21%, has affected corporate behavior. In a more telling statistic, the dollar value of taxes paid increased between 2017 and 2019 by 1.4%

Start-ups 52

Start-ups Debt Financing Finance Equity 52

Musings on Markets

SEPTEMBER 9, 2024

While management decisions have clearly contributed to the problems, it is also true that the pharmacy business, which forms Walgreen's core, has deteriorated over the last two years, and that can be seen by comparing its market performance to CVS, its highest profile competitor.

Start-ups 135

Start-ups Marketability Market Capitalization Equity 135

Reynolds Holding

JULY 10, 2024

Epilogue By the time I became Enforcement Director in July 2021, the SEC had already brought dozens of enforcement actions to address widespread noncompliance in the crypto markets. Meanwhile, four months later, the combined market capitalization of crypto assets reached approximately $3 trillion. [49] 3] Elisabeth A.

Marketability 49

Marketability Technology Finance Compliance 49

Harvard Corporate Governance

JANUARY 21, 2025

and APAC Drive Activity Levels 243 campaigns mark the highest total since 2018s record of 249 campaigns The post-pandemic (2022-2024) period has been the busiest three-year period for activism on record, with an average of 236 campaigns per year, vs. a prior three-year high of 223 campaigns per year (2017-2019) Continued U.S.

Market Capitalization 161

Market Capitalization Banking Marketability 161

Musings on Markets

OCTOBER 25, 2022

In the Microsoft FCFF calculation, this would imply replacing the effective tax rate of 13.83% with an average effective tax rate of 22%, using the 2017-2021 time period, which would lower free cash flows to the firm. With enterprise value multiples, you can scale enterprise value to FCFF, instead of using EBITDA or revenues as your scalar.

Dividends 108

Dividends EBITDA Equity Start-ups 108

Reynolds Holding

APRIL 13, 2025

Currently, the SEC permits private companies to submit registration statements confidentially and allows companies that are WKSIs (who must be public for one year, have a specified market capitalization and not be otherwise ineligible) to file and launch immediately without SEC review.

Corporate Finance 45

Corporate Finance Market Capitalization Finance Marketability 45

Musings on Markets

APRIL 20, 2025

With individual stocks, that danger gets multiplied, with investors buying stocks that are being sold off to for legitimate reasons (a broken business model, dysfunctional management, financial distress) and waiting for a market correction that never comes.

Start-ups 136

Start-ups Price to Book Marketability Equity 136

Reynolds Holding

APRIL 20, 2025

Ultimately, the Company has split into different companies by business lines, such as aviation or health care, while today various technology companies have market capitalizations far larger than any former GE division. Six amended complaints were filed in this action. billion in 2016 and $1.1

Market Capitalization 59

Market Capitalization Technology Marketability 59

Global Finance

APRIL 5, 2025

Global equity markets face risks from the Trump administrations proposed universal tariffs, which could disrupt global trade and corporate earnings. During Donald Trumps first term as president, escalating US-China trade tensions led to a 15% decline in 2018 ECM volumes following a 20% rise in 2017. billion market capitalization.

Banking 52

Banking Equity Market Capitalization Marketability 52

Reynolds Holding

MAY 20, 2025

The SEC will remain vigilant in our important role to ensure that investors have confidence to participate in the markets. Capital formation is also at the root of what we dofostering a direct, economical route for investors capital to find its way to entrepreneurs and industry to create products and services.

Technology 59

Technology Treasury Start-ups Marketability 59

Reynolds Holding

JUNE 3, 2025

The SEC will remain vigilant in our important role to ensure that investors have confidence to participate in the markets. Capital formation is also at the root of what we dofostering a direct, economical route for investors capital to find its way to entrepreneurs and industry to create products and services.

Technology 59

Technology Start-ups Marketability Treasury 59

Reynolds Holding

JANUARY 27, 2025

6] As of 2023, publicly traded fintechs represented a market capitalization of $550 billion. [7] As of 2022, 80% of Americans use fintechs in some way to manage their finances, with online banking and payments among the top use cases. [6] 7] Many fintechs deliver their services to customers through partnerships with existing banks.

Banking 59

Banking Start-ups Finance Marketability 59