Value Scout

DECEMBER 15, 2022

Gibson Greeting raised the rest of the money by selling and leasing its manufacturing and distribution centers, making the actual price $54 million. When a buying company doesn’t have the working capital to pay for an acquisition, it sometimes uses a leveraged buyout to complete the transaction. The Deal Details.

Equity 52

Equity Finance Dividends Compliance 52

Farrel Fritz

MAY 1, 2023

More recently, the Bohac case took a second trip to the Nebraska Supreme Court, this time to consider the payment terms under which the defendant corporation would buy out the petitioning shareholder ( Bohac v Benes Service Co. , This week’s post takes a look at several recent decisions concerning buyout elections across the country.

Appraisal 52

Appraisal Fair Market Value Marketability 52

Reynolds Holding

SEPTEMBER 12, 2023

Protecting the Public for 90 Years For 90 years, the federal securities laws and the SEC’s work to oversee them have played a crucial role for the public both in good times and in times of stress. Good morning, Chairman Brown, Ranking Member Scott, and members of the Committee. Thank you for inviting me to testify today.

Banking 40

Banking Treasury Marketability Equity 40

Reynolds Holding

APRIL 23, 2023

Rayburn was not new to the issues of stocks and bonds. In his first term in Congress, he sponsored a bill on railroad stocks and bonds that passed the House but failed in the Senate. [1] In his first term in Congress, he sponsored a bill on railroad stocks and bonds that passed the House but failed in the Senate. [1]

Treasury 45

Treasury Marketability Finance Technology 45

Musings on Markets

APRIL 21, 2022

I am not a prolific user of social media platforms, completely inactive on Facebook and a casual lurker on LinkedIn, but I do use Twitter occasionally, and have done so for a long time, with my first tweet in April 2009, making me ancient by Twitter standards. My forecasted revenues for 2023 of $11.2 My forecasted revenues for 2023 of $11.2

Start-ups 99

Start-ups Marketability Technology Market Capitalization 99

Brian DeChesare

MARCH 8, 2023

Commodity Hedge Fund Definition: A commodity hedge fund buys and sells futures contracts and other derivatives based on mining, energy, power, and agricultural products and earns profits via fundamental and technical analysis; the trading may be systematic, discretionary, or both. power, energy (oil, gas, NGLs, etc.),

Finance 104

Finance Start-ups Banking Alpha 104

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. All Equity, All the time!

Banking 63

Banking Price to Book Dividends Book Value 63

ThomsonReuters

AUGUST 2, 2021

This blog post looks at special purpose acquisition companies (SPACs)—shell companies created for raising capital to buy an existing, privately held firm and take it public more quickly than would be possible by going the traditional initial public offering (IPO) route, and examines the SEC’s growing focus on their filings. SPACs 101 .

Corporate Finance 52

Corporate Finance Equity Finance Compliance 52

Reynolds Holding

SEPTEMBER 9, 2022

The Securities Act of 1933 was about companies raising money from the public. The Securities Act of 1933 was about companies raising money from the public. They understood that, when advisers manage someone else’s money, there may be additional opportunities for conflicts of interest between those advisers and clients.

Marketability 49

Marketability Compliance Start-ups Banking 49

Musings on Markets

JANUARY 27, 2021

As stock and bond markets went through these gyrations, it should come as no surprise that the same forces were playing out in other markets as well. As stock and bond markets went through these gyrations, it should come as no surprise that the same forces were playing out in other markets as well.

Start-ups 52

Start-ups Marketability Equity Treasury 52

Musings on Markets

MARCH 25, 2021

The first quarter of 2021 has been, for the most part, a good time for equity markets, but there have been surprises. The first has been the steep rise in treasury rates in the last twelve weeks, as investors reassess expected economic growth over the rest of the year and worry about inflation.

Equity 52

Equity Risk-free Rate Treasury Start-ups 52

Musings on Markets

AUGUST 2, 2021

Some of you felt that I was being far too generous in my assumptions about market share and profitability, for a company with no history of making money, and that I was over valuing the company. The Prelude After I posted my valuation last week, I did find some of the portrayals of my post to be a little unsettling.

Marketability 52

Marketability Start-ups Technology Market Risk 52

Brian DeChesare

FEBRUARY 22, 2023

The buy-side vs. sell-side distinction/debate is interesting because it happens on the internet and in real life. But everyone from headhunters to bankers to interviewers uses the terms “buy-side” and “sell-side,” and most people put themselves in one category or the other.

Finance 125

Finance Marketability Banking Corporate Finance 125

Musings on Markets

DECEMBER 10, 2021

One of the big news stories of last week was Jack Dorsey stepping down as CEO of Twitter, and the market's response to that news was to push up Twitter's stock price by almost 10%. In this section, I will begin by looking at the mythology behind this push, and why it does not hold up to common sense questioning.

Start-ups 83

Start-ups Marketability Technology Market Capitalization 83

Musings on Markets

JANUARY 12, 2021

If it looks like I am over reaching, I start my corporate finance class with the simple proposition that any decision that involves money is a corporate finance decision, and by that definition everything that businesses do falls under its umbrella. And as always, I invite you come along for the ride. What I teach. Don't get me wrong!

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

DECEMBER 2, 2020

On the same day, rising COVID cases caused more shut downs and restrictions around the world, creating a clear disconnect. In this post, I will argue that there are good reasons for Airbnb's IPO timing, and make my first attempt at valuing this latest entrant into public markets.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Reynolds Holding

OCTOBER 3, 2023

The SEC alleged that the two press releases, drafted by the CEO and HCCIR, were misleading because, at the time of drafting, the Company was aware that the test could not be sold for clinical diagnostic purposes. These figures exclude follow-on actions, bars and suspensions.) July 5, 2023, settled) In the Matter of Dwight H. Benson (A.P.

Banking 52

Banking Compliance Marketability Finance 52

Musings on Markets

SEPTEMBER 19, 2023

Coming in the week after ARM, an AI chip designer, also filed to go public, but with an estimated pricing of $55-$60 billion, it is an indication of how much the ground has shifted under Instacart since the heady days of 2020, when Instacart was viewed by some Americans as the only thing that stood between them and starvation.

Start-ups 102

Start-ups Marketability Technology Equity 102

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups 98

Start-ups Market Capitalization Marketability Dividends 98

Musings on Markets

SEPTEMBER 11, 2023

While actors and writers have been on strike before, and contractual disputes between content makers and cable providers is par for the course, the news stories of this summer seem more consequential, perhaps because they reflect longer time shifts in the movie and broadcasting businesses.

Start-ups 77

Start-ups Market Capitalization Marketability Technology 77

Musings on Markets

OCTOBER 6, 2023

A few days ago, I valued Instacart ahead of its initial public offering , and noted that the reception that the stock gets will be a good barometer of where risk capital stands in the market, right now.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104

Reynolds Holding

APRIL 23, 2023

The best way out of the bank stability problem revealed by the run on Silicon Valley Bank – but spreading to other banks – may be a new style of prime money market fund (“MMF”) that, unlike existing prime MMFs, has some loss-absorbing capacity and so could offer fixed net asset value (“NAV”). Where did this money go?

Banking 64

Banking Marketability Equity Treasury 64

Musings on Markets

FEBRUARY 3, 2021

There are three topics that you can write or talk about that are almost guaranteed to draw a audience, stocks (because greed drives us all), sex (no reason needed) and salvation. In other words, can there be a feedback loop, where increasing stock prices can pull value up, and conversely, could decreasing prices push value down?

Start-ups 52

Start-ups Equity Marketability 52

Brian DeChesare

JULY 27, 2022

Credit hedge funds might be the most consistently overlooked buy-side opportunity. Anyone who’s ever traded stocks can understand long/short equity , and even simple global macro trades are easy to explain to the average person. This definition already feels difficult to understand, so a quick example might help.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Equilest

JULY 25, 2023

However, whether you are considering selling your convenience store or planning to buy one, determining its value is a crucial step. However, whether you are considering selling your convenience store or planning to buy one, determining its value is a crucial step.

Intangible Assets 40

Intangible Assets Discounted Cash Flow Business Valuation Marketability 40

Reynolds Holding

OCTOBER 5, 2022

The number of securities lawsuits filed since January has remained steady compared to the first half of 2021. We have already seen many notable developments in securities law this year. SPAC and crypto-related filings continue to be a focus of plaintiffs’ attorneys, even as the nature of these suits continues to evolve. A. Filing Trends.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

APRIL 11, 2022

In light of the recent increased volatility in the global financial markets, 1 a number of companies have raised questions regarding the desirability of repurchasing shares at reduced market prices.

Banking 45

Banking Marketability Equity Compliance 45

Reynolds Holding

MAY 9, 2023

There is reason to believe the SEC’s new universal proxy Rule 14a-19 will result in more stockholder nominees being elected to the boards of public companies. First, the rule allows voting stockholders to make their own ad hoc choice of nominees from the slates proposed by management, on one hand, and by the nominating stockholder, on the other.

Dividends 45

Dividends Finance Equity Marketability 45

Brian DeChesare

MAY 18, 2022

On the other hand, global macro might be the best strategy if you have a professional sales & trading background or you’ve been an economist, strategist, or policy researcher: What is Global Macro? You could buy FX put options at 0.53 Buy interest rate swaps based on the relative increases in interest rates you expect in the U.K.

Banking 52

Banking Equity Marketability Finance 52

Reynolds Holding

FEBRUARY 1, 2023

The growth of private markets through exempt offerings, the ascension of the once-mythical “unicorns,” and what these things portend for the future of our public markets have been hotly debated topics for some time now. [1] Levenson Keynote Address. 2] Companies that contemplate going public are now waiting much longer to do so. [3]

Marketability 58

Marketability Corporate Finance Compliance Equity 58

FE International

MARCH 14, 2018

Just like any online business, apps of all kinds require special considerations when it comes time to sell. Just like any online business, apps of all kinds require special considerations when it comes time to sell. How can you be sure you are buying a profitable app? Building Around Value. The Three App Types. Universal Apps.

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52

Musings on Markets

SEPTEMBER 1, 2021

Angus Maddison, University of Groningen In 1500, China had the largest GDP of any country in the world, followed by India, not surprising since output and population were tied together strongly at the time, when human labor was the key driver of economic output.

Market Capitalization 98

Market Capitalization Marketability Start-ups Technology 98

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. Click to Download: ESG A Valuation Framework. It started sometime last year, during the fourth quarter. The morning business show Squawk Box began to mention “ESG” on a daily basis.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130