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.

Banking 63

Banking Price to Book Dividends Book Value 63

Musings on Markets

NOVEMBER 1, 2023

At regular intervals, though, the company steps on its own story line, creating confusion and distractions, and during these periods, its stock price is quick to give up gains, and that has been the case for the last few weeks.

Start-ups 114

Start-ups Marketability Market Capitalization Equity 114

Musings on Markets

JANUARY 5, 2024

In this, the first of the data posts for this year, I will describe my data, in terms of geographic spread and industrial breakdown, the variables that I estimate and report on, the choices I make when I analyze data, as well as caveats on best uses and biggest misuses of the data. will reflect the most recent quarterly accounting filing.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Musings on Markets

JULY 17, 2023

Looking across company groupings, returns on stocks in 2022 flipped the script on the market performance over much of the prior decade, with the winners from that decade (tech, young companies, growth companies) singled out for the worst punishment during the year. trillion below their values from the start of 2022. that was lost last year.

Marketability 95

Marketability Risk Premium Start-ups Treasury 95

Musings on Markets

JANUARY 26, 2023

Just as impressively, the company finally started delivering on its promise of profitability, going from barely making money in 2019 to an operating margin of 16.57% in 2022. billion, a remarkable achievement by itself, but COVID gave the company a boost, as revenue have increased about 250% in the 2020-22 time-period.

Start-ups 80

Start-ups Marketability Risk Premium Equity 80

Musings on Markets

FEBRUARY 2, 2023

The second is the question of what the nominal growth in the global economy, in US dollar terms, will be, and my best answer to that question is the nominal risk free rate, which was 3.47% at the time of this valuation. In the section below, I will summarize some of the key arguments, with my responses. That is not true!

Start-ups 99

Start-ups Risk-free Rate Market Capitalization Marketability 99

Musings on Markets

DECEMBER 10, 2023

In this section, I will start with the practices used by appraisers to try to adjust the pricing of businesses for the presence or potential loss of a key person and then move on to how markets react to the loss of key personnel at publicly traded companies.

Key Person Discount 113

Key Person Discount Start-ups Price to Book Marketability 113

Reynolds Holding

OCTOBER 5, 2022

On June 30, 2022, in a 6-3 split decision, the Supreme Court held that the Environmental Protection Agency (“EPA”) lacks the authority to change the Clean Air Act’s definition of “best system of emission reduction.” West Virginia v. Environmental Protection Agency , 142 S. 2587, 2610 (2022). Next, the court considered Blasius.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Audit Board

JUNE 8, 2023

Publicly traded companies have their financial statements audited on an annual basis, incorporating the stipulations of the Sarbanes-Oxley Act (SOX). Healthcare providers and other covered entities, for example, must comply with HIPAA’s regulatory compliance requirements, while publicly traded companies must comply with Sarbanes-Oxley (SOX).

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Musings on Markets

FEBRUARY 4, 2023

The History The Adani Group, founded by Gautam Adani, started life as a commodity trading partnership business in Gujarat, and listed on stock markets in 1994, as Adani Exports, with a large chunk of its revenues coming from its operation of a local port in Mundra, with a subsequent entry into the edible oil business.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100

Reynolds Holding

MARCH 27, 2023

Conversely, “Retail Trade” filings increased from 4% to 9%, the high watermark in recent years. The Supreme Court Takes On Slack Pirani The case arises out of the New York Stock Exchange’s (“NYSE”) rule, introduced in 2018, that allows companies to go public through a direct listing. Figure 2: 2. 4th 616 (5th Cir.

Technology 59

Technology Start-ups Compliance Finance 59

Value Scope

SEPTEMBER 24, 2020

At the time, more than $17 billion had been invested into sustainable-focused exchange-traded funds (ETFs) and open-end funds during 2019. Clients are asking investors to keep their money invested in ESG compliant portfolios and think that fossil fuel-based companies contradict this investment thesis.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130