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The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. While these seven stocks had an exceptional year in 2023, their outperformance stretches back for a much longer period.

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Why Is Snap One Stock Jumping Premarket Monday?

Benzinga

billion, including net debt. multiple on Snap One’s adjusted EBITDA for the twelve months ending December 29, 2023, further adjusted by including projected annual run-rate synergies of $75 million. NYSE: REZI ) for around $1.4 The per-share price of $10.75 The transaction represents a 7.4x

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What's Going On With Natural Gas Compression Company CSI Compressco Shares Today?

Benzinga

CSI Compressco LP (NASDAQ: CCLP ) disclosed its acquisition by Kodiak Gas Services, Inc (NYSE: KGS ) in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt, based on the closing price of Kodiak's stock on December 18, 2023.

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Why Aerospace Company Triumph Shares Are Skyrocketing Today

Benzinga

trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023. Triumph anticipates using the majority of the proceeds, estimated at around $700 million after taxes, for debt reduction, aiming to reach a pro forma net leverage of about 4.0x net debt to Adjusted EBITDAP by March 2024. FY2024 EBITDA, or 9.9x

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Why Are Tabula Rasa HealthCare Shares Moving Higher Today?

Benzinga

The all-cash transaction values Tabula Rasa at approximately $570 million including net debt of approximately $262 million on an enterprise value basis. The transaction is expected to close during Q4 of 2023. The deal expands the reach of Tabula Rasa's MedWise technology platform to multiple provider and payer markets.

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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

All that said, businesses around the world have borrowed money though time to fund their operations, sometimes for good reasons and sometimes for bad, and over time, these businesses have also faced cycles of too much debt leading to painful cleansing.

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Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company

Benzinga

("Endeavor"), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor's net debt. per share quarterly), effective for the fourth quarter of 2023. per share annually ($0.90 MBO/d (462.6