Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year.

Dividends 106

Dividends Risk Premium Equity Book Value 106

Auto Dealer Valuation Insights

JUNE 4, 2024

A recent Wall Street Journal article noted that, while the effects of the pandemic have receded from many aspects of American life in mid-2024, investors continue to deal with dividend disruptions. companies that suspended dividend payments during the pandemic, all but 47 have resumed payouts.

Dividends 52

Dividends Marketability Capital Structure 52

Benzinga

OCTOBER 16, 2024

Primo Water (NYSE: PRMW ) announced that its board of directors has approved a special dividend of 82 cents, which reflects an increase of 811% from its quarterly dividend rate of 9 cents. 21, 2024, to stockholders of record as of Nov. The transaction is expected to be closed by the end of 2024. It will be payable on Nov.

Dividends 52

Dividends Marketability 52

Musings on Markets

JANUARY 17, 2024

That positive result notwithstanding, the recovery was uneven, with a big chunk of the increase in market capitalization coming from seven companies (Facebook, Amazon, Apple, Microsoft, Alphabet, NVidia and Tesla) and wide divergences in performance across stocks, in performance. increase in market capitalization.

Risk Premium 81

Risk Premium Start-ups Equity Dividends 81

Musings on Markets

SEPTEMBER 5, 2024

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. This dance between companies and investors, playing out in expected and actual earnings, is a feature of every earnings season, especially so in the United States, and it has always fascinated me.

Marketability 135

Marketability Start-ups Discounted Cash Flow Market Capitalization 135

Global Finance

FEBRUARY 14, 2025

The European banking sector is experiencing a wave of consolidation as institutions seek to bolster their market position, expand their asset base, and improve returns. Dutch lender ING has also signaled its intent to acquire rival banks in major European markets. Ultimately the key issue is valuation. that gathered $5.4

Banking 71

Banking Dividends Finance Marketability 71

Global Finance

OCTOBER 31, 2024

Fifteen banks and three asset management firms shared 28 awards, including three newly added for 2024: Most Innovative Asset Manager, Best Bank for Overseas Branch Services, and Star of Hong Kong. Since 2021, the bank has offered a rapidly growing wealth management service connecting mainland and Hong Kong financial markets.

Banking 52

Banking Finance Technology Start-ups 52

Benzinga

JUNE 17, 2025

per year Annual dividend on DIV's common shares to be increased 10% from 25 cents per share to 27.5 Cheba Hut had US$149 million of system sales 2 and SSSG 2 of 5% in 2024. market and now, with its second US-based royalty transaction, is building significant momentum in that market. and the U.S. CPI ") + 1.5%

Dividends 40

Dividends Equity Finance Marketability 40

Benzinga

OCTOBER 8, 2024

The stock market's insatiable appetite for high-growth stories often leaves a trail of undervalued opportunities in its wake. Blue-chip stocks are the corporate world's stalwarts and frequently get overshadowed by the allure of the latest market darlings. A closer look at Cisco's valuation reveals potential undervaluation.

Dividends 52

Dividends Marketability Book Value Market Capitalization 52

Benzinga

JULY 25, 2024

July 25, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. per basic and diluted share for the three months ended June 30, 2024, compared to net income of $32.1 per basic and diluted share, for the three months ended March 31, 2024 and $32.0 For the six months ended June 30, 2024, net income totaled $20.6

Dividends 45

Dividends Book Value Equity Banking 45

Global Finance

DECEMBER 3, 2024

in the first half of 2024. We have unified the exchange rate and liberalized the forex market, making it easier for international partners to do business here, including through public-private partnerships and outsourcing. Companies that are set up here can easily access key markets. in first half of 2024) $60.9

Start-ups 116

Start-ups Finance Dividends Marketability 116

Brian DeChesare

JANUARY 3, 2024

The markets in 2023 were almost a complete reversal of 2022, and hardly anyone – me included – saw it coming. This result is disappointing because it ends my 4-year streak of matching or beating the market, and it’s all because of my bad decisions. But my real estate investment funds were down ~10% , which hurt.

Marketability 59

Marketability Start-ups Equity Dividends 59

Musings on Markets

JANUARY 31, 2024

Your answer to that question will determine not just how you approach running the business, but also the details of how you pick investments, choose a financing mix and decide how much to return to shareholders, as dividend or buybacks. Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game!

Equity 82

Equity Book Value Start-ups Corporate Finance 82

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. Proxy Advisors.

Dividends 53

Dividends Marketability Compliance Equity 53

Benzinga

APRIL 5, 2023

FedEx Consolidates Express and Other Units Under CEO Subramaniam To Save $4B In Costs, Boosts FY24 Dividend By 10% FedEx Corp (NYSE: FDX ) shared plans to bring FedEx Express , FedEx Ground , FedEx Services , and other FedEx operating companies into Federal Express Corporation , becoming a single company by June 2024.

Dividends 98

Dividends Technology Marketability 98

Musings on Markets

JANUARY 11, 2024

In spring 2024, I will be teaching valuation again to the MBAS, for the 59th time, and I have an identical class that I will delivering to undergraduates during the semester. In the fall of 1986, I taught a valuation class in my security analyst slot, and with no cameras in the classroom or complaints from students, no one was any wiser.

Corporate Finance 145

Corporate Finance Finance Dividends Start-ups 145

Benzinga

AUGUST 13, 2024

from a strong Q1 2024 Reports record origination volume; up 28.2% from Q1 2024 and up 4.6% 13, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. ("Autofleet") TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. Q1 2024 revenue benefitted from US$7.0 million and US$2.1

Dividends 45

Dividends Capital Structure Finance Treasury 45

Benzinga

APRIL 23, 2024

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. NASDAQ: ROIC ) announced today financial and operating results for the three months ended March 31, 2024. per diluted share) FFO per diluted share guidance for 2024 reaffirmed ($1.03 - $1.09 FFO for the first quarter of 2024 was $37.9

Dividends 40

Dividends Intangible Assets Start-ups EBITDA 40

Benzinga

OCTOBER 22, 2024

22, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. NASDAQ: ROIC ) announced today financial and operating results for the three and nine months ended September 30, 2024. per diluted share) FFO per diluted share guidance for 2024 updated ($1.03 - $1.05 Included in 2024 GAAP net income is $26.7

Dividends 40

Dividends Intangible Assets EBITDA Equity 40

Global Finance

MARCH 6, 2025

Vital Statistics Location: Northeastern Europe Neighbors: Estonia, Russia, Belarus, Lithuania Capital city: Riga Population (2024): 1.9 GDP per capita (2024): $22,200 GDP growth (2024): 1.2% Inflation (2024): 1.4% GDP per capita (2024): $22,200 GDP growth (2024): 1.2% Inflation (2024): 1.4%

Banking 82

Banking Finance Dividends Marketability 82

Benzinga

OCTOBER 17, 2024

Today, Johnson & Johnson is a buy because its value, yield, and growth outlook provide a vehicle capable of market-beating returns in 2025 and over the long term. Regarding value, this healthcare stock is trading at 16x this year's earnings, less than half the historical average price multiple and well below the S&P 500 average.

Dividends 52

Dividends Comps Marketability 52

Chris Mercer

FEBRUARY 14, 2024

This second musing addresses the use of restricted stock studies to support marketability discounts in gift and estate tax appraisals prepared for the Internal Revenue Service (or for anyone, for that matter). And more than a few appraisers use these stale and tired studies to guess at marketability discounts in 2024.

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Musings on Markets

JANUARY 21, 2023

It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don't always win, even in the long term. at the start of that year.

Equity 95

Equity Risk Premium Start-ups Dividends 95

Global Finance

JULY 24, 2024

This involves maintaining close contact to promptly resolve trade and operational inquiries and deliver ongoing insight into evolving market dynamics. The bank aligns its systems and protocols with global market practices and Swift standards for automated custody services.

Banking 52

Banking Marketability Technology Finance 52

Global Finance

JULY 24, 2024

This involves maintaining close contact to promptly resolve trade and operational inquiries and deliver ongoing insight into evolving market dynamics. The bank aligns its systems and protocols with global market practices and Swift standards for automated custody services.

Banking 52

Banking Marketability Technology Finance 52

Benzinga

AUGUST 2, 2024

energy operator APA Corporation (NASDAQ: APA ) reported second-quarter 2024 adjusted earnings of $1.17 Meanwhile, APA continues to reward shareholders with dividends and buybacks. The company also shelled out $92 million in dividend payments. Revenues of $2.8 billion were up 42.4% APA bought back 1.5 million shares at $28.72

Dividends 59

Dividends Marketability 59

Global Finance

MAY 8, 2024

Last year, UOB fully integrated its acquired Indonesian and Malaysian businesses onto the bank’s platforms while the migration of the Thai and Vietnamese businesses will be completed in the first half of 2024 and 2025, respectively. In 2023, the bank’s financial data metrics were impeccable: a 27% increase in net profit to a record S$6.1

Banking 52

Banking Dividends Start-ups Finance 52

Global Finance

APRIL 5, 2025

The global mergers and acquistions (M&A) market might not have fulfilled every dealmakers fantasy of a roaring comeback in 2024. At last check, global M&A is down 7% in 2025 compared to 2024; in the US, its down 32%. The top five IPOs by valuation in 2024 were Lineage on the Nasdaq ($5.1 billion (about $4.7

Banking 52

Banking Finance Dividends Equity 52

Benzinga

MAY 3, 2024

The Company's tier one leverage and risk-based capital ratios were 11.58% and 28.84%, respectively, and the Company is considered to be "well-capitalized" at March 31, 2024. Ratio of non-performing assets to total assets of 0.10% at March 31, 2024. million as of March 31, 2024. Total interest income was $17.99

Banking 45

Banking Marketability Dividends Treasury 45

Benzinga

JULY 17, 2024

Dallas, Texas, July 17, 2024 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. NYSE: KRO ) made the following announcements today: Acquisition of Remaining Joint Venture Interest in LPC Effective July 16, 2024, Kronos Worldwide, Inc. Kronos") has acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. ("LPC")

Dividends 40

Dividends Finance EBITDA Marketability 40

Musings on Markets

AUGUST 19, 2024

While the writing for the book was largely done by November 2022, publishing does have a long lead time, and the book, published by Penguin Random House, will be available on August 20, 2024, at a book shop near you. If you are concerned that you are going to be hit with a sales pitch for that book, far from it!

Corporate Finance 123

Corporate Finance Finance Start-ups Dividends 123

Benzinga

OCTOBER 16, 2024

Based on an independent market research conducted by Syneos Health Consulting ("Syneos"), with the substantial intent in utilization for SP-102 (SEMDEXA™) with peak sales potential projected to reach $3.6 The closing of the Business Combination is expected to occur by the end of fourth quarter of 2024 or the first quarter of 2025.

Equity 45

Equity Dividends Marketability 45

Benzinga

JULY 24, 2024

July 24, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB ) ("ACNB" or the "Corporation"), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., As of June 30, 2024, Traditions had total assets of $859 million, total deposits of $738 million, and total loans of $673 million. GETTYSBURG, Pa.,

Dividends 45

Dividends Banking Marketability 45

Global Finance

SEPTEMBER 9, 2024

Sixty-four percent of respondents to the 2024 Corporate Debt and Treasury Report, from Herbert Smith Freehills (HSF) and the Association of Corporate Treasurers (ACT), cite a neutral to negative outlook. Corporates are hoarding cash, and that has meant a return to dividends and distributions but also more conservative cash management.

Treasury 105

Treasury Banking Finance Dividends 105

Benzinga

JULY 12, 2024

NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC ), Apollo Senior Floating Rate Fund Inc. per share special payment is in addition to the previously declared pre-merger distributions which were declared on July 1, 2024, and which are listed below. Apollo Senior Floating Rate Fund Inc.

Dividends 40

Dividends Marketability 40

Chris Mercer

MARCH 29, 2024

Introduction and Conclusion My musings on the use of restricted stock discounts to estimate marketability discounts (or DLOMs) have led me to the conclusion: Restricted stock studies/discounts cannot be used to estimate DLOMs in any credible, standards-compliant manner. Three of the first four Mercer’s Musings posts address this issue.

Marketability 52

Marketability Appraisal Business Valuation Dividends 52

Benzinga

DECEMBER 26, 2023

HSBC said in an exchange filing that the transaction is expected to close in the first quarter of 2024. The company is also planning to pay a special dividend of $0.21 The Canadian government has approved the acquisition. per share as a priority use of the proceeds from this sale in the. Full story available on Benzinga.com

Banking 52

Banking Dividends Equity Marketability 52