Musings on Markets

SEPTEMBER 27, 2022

By the start of 2022, the window for early action had closed and for much of this year, inflation has been the elephant in the room, driving markets and forcing central banks to be reactive, and its presence has already induced me to write three posts on its impact.

Risk Premium 74

Risk Premium Treasury Start-ups Equity 74

Benzinga

APRIL 28, 2023

The contagion of those three troubled institutions affected just about every other bank in the country in the quality of operating performance and the performance of each company's stock in the market. With the success of the first quarter, the Board announced a quarterly cash dividend of $0.20 Deposits grew $99.8

Dividends 40

Dividends Banking Book Value Equity 40

Brian DeChesare

JANUARY 3, 2024

The markets in 2023 were almost a complete reversal of 2022, and hardly anyone – me included – saw it coming. On the other hand, I was only down 9% in 2022 vs. a 19% drop for the S&P, so both the index and my portfolio are now back to “early 2022” numbers.

Marketability 59

Marketability Start-ups Equity Dividends 59

Musings on Markets

JANUARY 19, 2022

At the start of 2022, it feels like Groundhog Day, with the same questions about economic growth and inflation looming for the year, and the same judgment about stocks, i.e., that they look expensive. When you augment this price change with the dividends on the index during 2021, the total return on the S&P 500 for 2021 was 28.47%.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Benzinga

FEBRUARY 15, 2023

(NASDAQ: ROIC ) announced today financial and operating results for the year and three months ended December 31, 2022. YEAR 2022 HIGHLIGHTS $51.9 growth in Funds From Operations per diluted share (2022 vs. 2021) 4.6% increase in same-center cash net operating income (2022 vs. 2021) 98.1% YEAR 2022 HIGHLIGHTS $51.9

Dividends 40

Dividends EBITDA Intangible Assets Equity 40

Musings on Markets

JANUARY 8, 2022

Happy New Year, and I hope that 2022 brings you good tidings! To start the year, I returned to a ritual that I have practiced for thirty years, and that is to take a look at not just market changes over the last year, but also to get measures of the financial standing and practices of companies around the world.

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Andrew Stolz

JANUARY 17, 2022

Value play with strong dividend growth potential. Leading role in EV and hydrogen to reclaim market share. China is by far the strongest and fastest-growing market for heavy duty trucks in the world. It is the primary market for the company to realize future growth opportunities. Download the full report as a PDF.

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Marketability Dividends Net Debt Start-ups 52

Benzinga

JULY 26, 2022

July 26, 2022 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ: FXNC ), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $3.8 per basic and diluted share, for the second quarter of 2022. for the second quarter of 2022, compared to $0.60

Banking 40

Banking Dividends Marketability Equity 40

Musings on Markets

MAY 20, 2022

I then examine how equities have performed in the less than five months of 2022, where inflation has returned to the front pages. In 2022, the collective market capitalization of all US firms has dropped by 19.75% , with the bulk of the drop occurring after April 1, 2022.

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Price to Book Dividends Beta Equity 96

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. Viewed in that context, dividends as just as integral to a business, as the investing and financing decisions.

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Dividends Start-ups Finance Corporate Finance 91

Shephard Mullin M&A

MARCH 5, 2024

2022-1001-KSJM, 2024 WL 863290 (Del. Practitioners should pay close attention to the Court’s holdings here as it may vary from what some consider customary market practice. On January 17, 2022, the Activision Board met to approve the merger with Microsoft. In Ap-Fonden v. Activision Blizzard, Inc. ,

Dividends 52

Dividends Compliance Marketability 52

Valutico

SEPTEMBER 1, 2022

Weekly Valuation – Valutico | 2 September 2022. This was an important step as the competition, such as the likes of Burger King, is already offering all their burgers as plant based versions in certain markets. This year McDonald’s will pay out a dividend of USD 5.52. The current market cap is USD 193 billion.

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Dividends Marketability 59

Benzinga

OCTOBER 31, 2022

31, 2022 (GLOBE NEWSWIRE) -- Partners Bancorp (NASDAQ: PTRS ) (the "Company"), the parent company of The Bank of Delmarva ("Delmarva"), Seaford, Delaware, and Virginia Partners Bank ("Virginia Partners"), Fredericksburg, Virginia, reported net income attributable to the Company of $4.1 SALISBURY, Md., million, or $0.23 million or 52.5%

Banking 40

Banking Dividends Marketability Equity 40

Reynolds Holding

APRIL 19, 2022

It is based on the firm’s memorandum, “Proposed 2022 DGCL Amendments Include Significant Changes Addressing Exculpation of Officers, Appraisal Rights and Domestication-Related Transactions,” dated April 18, 2022, and available here. Moreover, the same exclusions from exculpation applicable to directors (i.e.,

Appraisal 56

Appraisal Dividends Treasury Marketability 56

Valutico

OCTOBER 1, 2022

Weekly Valuation – Valutico | 30 September 2022. Founded in 1995, Lockheed Martin Corporation is a Bethesda, Maryland-based aerospace company with a $106 billion market capitalization. . Founded in 1995, Lockheed Martin Corporation is a Bethesda, Maryland-based aerospace company with a $106 billion market capitalization. .

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Discounted Cash Flow Dividends Market Capitalization Marketability 52

Cooley M&A

JANUARY 19, 2023

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] This post highlights key guidance from the Notice as it relates to common M&A and capital market transactions.

Fair Market Value 52

Fair Market Value Marketability Treasury Dividends 52

Musings on Markets

FEBRUARY 27, 2022

That said, about 31% of the net profits of all publicly traded firms listed globally in 2021 were generated by financial service firms; that percent is lower in the US and higher in emerging markets. IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard).

Start-ups 80

Start-ups Equity Book Value Marketability 80

Musings on Markets

MAY 7, 2023

While differentiating between good and bad banks can be straightforward, it does not follow that buying good banks and selling bad banks is a good investment strategy, since its success depends entirely on what the market is incorporating into stock prices. Note the differences between the bank FCFE and bank dividend discount models.

Banking 63

Banking Price to Book Dividends Book Value 63

Benzinga

APRIL 12, 2023

The company believes this required Form 10 information was filed in aggregate through its filing of Form 8-K on January 27, 2022, Form 10-K on April 13, 2022, and Form 10-Q on May 20, 2022, and this thereby establishes May 20, 2023, as the one-year anniversary of such Form 10 information filing.

Fair Market Value 40

Fair Market Value Marketability Dividends 40

Benzinga

DECEMBER 6, 2023

The CSHG Real Estate platform is one of the most relevant players in the Brazilian REIT market, ranking top 5 in market share and investing across a diverse range of market strategies including Logistics, Retail, Office and Receivables. GRAND CAYMAN, Cayman Islands, Dec. Full story available on Benzinga.com

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Dividends Market Capitalization Marketability 52

FE International

MARCH 23, 2022

As the market-leading advisor for SaaS business sales, the team at FE International answers questions every day about the best practices of selling a SaaS business and which SaaS metrics should be measured. Crucially, any owner salary/dividends can be added back to the profit number, too. How Much Churn?

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Benzinga

SEPTEMBER 29, 2022

28, 2022 (GLOBE NEWSWIRE) -- The Data Monetization Market size is expected to grow from USD 2.9 billion in 2022 to USD 7.3 The presence of many data monetization providers has made the market competitive. Browse in-depth TOC on " Data Monetization Market " 263 - Tables 56 - Figures 256 – Pages.

Marketability 40

Marketability Dividends 40

Valutico

MARCH 20, 2023

HSBC Holdings plc Weekly Valuation – Valutico | 20 March 2023 Link to the valuation Context The past weeks, the financial market was rattled by the collapse of Silicon Valley Bank, the go-to bank for tech startups, serving half of America’s venture capital-backed tech firms. HSBC is also planning a special dividend of $0.21

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Dividends Banking Equity Market Capitalization 52

Valutico

MARCH 28, 2023

UBS Group AG Weekly Valuation – Valutico | 28 March 2023 Link to the valuation Context In recent days, the financial markets have experienced increased turmoil, causing growing concerns about financial stability. As a result, they have been pouring into money market funds at the highest rate since the COVID pandemic began.

Banking 52

Banking Dividends Equity Marketability 52

Valutico

OCTOBER 7, 2022

Weekly Valuation – Valutico | 7 October 2022. billion in the third quarter of 2022 and therefore was not able to meet the expectations of the analysts who estimated revenue of USD 15.69 billion to their shareholders as the company repurchased shares and paid out dividends. billion worth of the company in April 2022.

Discounted Cash Flow 59

Discounted Cash Flow Dividends Technology Marketability 59

Chris Mercer

APRIL 7, 2023

My most recent post, titled Fair Market Value and the Nonexistent Marketability Discount , generated quite a discussion when posted on LinkedIn. The post provided a solid rationale that there is no such thing as a marketability discount for controlling interests of companies. ” (p.

Marketability 52

Marketability Fair Market Value Appraisal EBITDA 52

Reynolds Holding

MARCH 18, 2024

Background On January 18, 2022, Microsoft Corporation, a merger subsidiary of Microsoft Corporation and Activision Blizzard, Inc., At the meeting, the Activision Board delegated the authority to negotiate and finalize the dividend payment terms to an ad hoc board committee. Section 141.

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Dividends Marketability 45

Benzinga

JULY 12, 2022

The transaction is expected to close in the third quarter of 2022, subject to regulatory approvals and other customary closing conditions. Capital Power will finance the transaction using cash on hand and its credit facilities and will not need to access the equity markets to finance the transaction.

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Dividends Finance EBITDA Equity 40

Andrew Stolz

JANUARY 16, 2022

The hedge fund values the e-commerce business as a stand-alone business more than the total market cap of Kohl’s. Share repurchases and dividends. Kohl’s share price has chronically underperformed the market. The dividend yield could return to 5% in 2022. Changes like: Board composition. Advancing ESG issues.

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Dividends EBIT Marketability Business Valuation 52

Benzinga

OCTOBER 13, 2022

Expected Market - $2,487 Million by 2027. Projected to grow from - $665 Million in 2022. Forecast Period – 2022-2027. Market Leaders - 5G in Defense Companies. Browse in-depth TOC on " 5G in Defense Market " 217 – Tables 75 – Figures 257 – Pages. Chicago, Oct. Chicago, Oct. At a CAGR – 30.2%.

Marketability 40

Marketability Technology Dividends 40

Reynolds Holding

JANUARY 28, 2024

In contrast to the volatility that vexed the economy in 2022, markets rose in 2023 as inflation fell and the labor market remained strong. Entering 2024, ongoing international instability, rapidly changing technology and the United States presidential campaign are certain to impact the corporate landscape.

Dividends 53

Dividends Marketability Compliance Equity 53

Benzinga

MAY 3, 2022

MIDLAND, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ: RTLR ) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. NASDAQ: FANG ) ("Diamondback"), today announced financial and operating results for the first quarter ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS. million.

EBITDA 40

EBITDA Equity Start-ups Marketability 40

Benzinga

SEPTEMBER 12, 2022

– Net Proceeds are expected to be used for general corporate purposes including, but not limited to, additional debt repayment and dividend payments –. Price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a $455K per key valuation –. PHILADELPHIA, Sept.

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Dividends EBITDA Marketability 40

Benzinga

NOVEMBER 23, 2022

Exoskeleton Market Research Report. Chicago, Nov. Chicago, Nov. Ask for PDF Brochure: [link]. Scope of the Report. Report Metric. CAGR 46.2%. USD 3,340 million by 2026. USD 499 million in 2021. Forecast Period. Forecast Unit. Value (USD Million). Segments Covered.

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Marketability Technology Dividends Finance 40

Benzinga

JUNE 16, 2022

Targa now estimates standalone 2022 adjusted EBITDA to be between $2.675 billion and $2.775 billion and year-end leverage ratio of about 2.7 Fully cash and debt-financed transaction; expect pro forma year-end 2022 leverage ratio around 3.5 HOUSTON and DALLAS and NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp.

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EBITDA Debt Financing Dividends Finance 40

Benzinga

SEPTEMBER 19, 2022

19, 2022 (GLOBE NEWSWIRE) -- Parker-Hannifin Corporation (NYSE: PH , "Parker")), the global leader in motion and control technologies, today announced that it has completed its previously announced transaction to sell its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (NYSE: KAMN ).

Dividends 40

Dividends Compliance Technology Marketability 40

Valutico

JUNE 7, 2022

Weekly Valuation: Walmart Inc. – Valutico | 3 June 2022. Walmart shares hit their all-time high at almost $160/share in late April 2022. increased its dividend for the past 49 consecutive years. The market cap is in the middle of our approaches at USD 354bn. Walmart Inc. Detailed valuation: click here.

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Dividends Marketability Equity 52