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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

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.

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A Follow up on Inflation: The Disparate Effects on Company Values!

Musings on Markets

Historical Data: 1930-2019 To see how this framework works in practice, let's start by looking at the performance of US stocks, across the decades, and look at the returns on stocks, broadly categorized based on market capitalization and price to book ratios.

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Understanding Valuation Techniques in Mergers and Acquisitions

Sun Acquisitions

Valuation techniques in M&A involve a comprehensive assessment of financial, operational, and market factors. Market-Based Valuation One widely used valuation technique in M&A is market-based valuation. This approach involves analyzing the fair market value of the target company’s assets and liabilities.

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Mergers and Acquisitions Valuation Strategies: Unlocking the Secrets to Successful M&A Transactions

Sun Acquisitions

In this blog post, we will dive into different market value methods and strategies used in M&A, shedding light on the secrets to successful M&A transactions. Why Market Value Matters in M&A Valuation is the cornerstone of any M&A transaction.

EBITDA 59
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Data Update 3: Inflation and its Ripple Effects!

Musings on Markets

By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be, and the big question leading in 2022, for investors and markets, is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.

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Russia in Ukraine: Let Loose the Dogs of War!

Musings on Markets

As the world's attention is focused on the war in the Ukraine, it is the human toll, in death and injury, that should get our immediate attention, and you may find a focus on economics and markets to be callous. The increase in default spreads was not restricted to foreign markets, as fear also pushed up spreads in the corporate bond market.

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Interest Rates, Earning Growth and Equity Value: Investment Implications

Musings on Markets

The first quarter of 2021 has been, for the most part, a good time for equity markets, but there have been surprises. The Interest Rates Story To me the biggest story of markets in 2021 has been the rise of interest rates, especially at the long end of the maturity spectrum.

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