Andrew Stolz

JANUARY 28, 2022

The share price is up 35% YTD. Western countries fear that Russia starts to gain control over Ukraine again. Germany delayed the approval as it uses the pipeline as a sanction threat in case Russia starts a war. Gazprom is a capital-intensive business, with more than 70% of total assets being net fixed assets.

Risk-free Rate 52

Risk-free Rate Net Debt Start-ups Marketability 52

Benzinga

JANUARY 3, 2023

Quipt to drawdown a total of $73 million from its $110 million senior secured credit facility (announced on September 19, 2022), maintaining a conservative balance sheet with net debt to Adjusted EBITDA of 1.96x on a pro forma basis. We are eager to get started. The eight states in which Great Elm operates includes over 1.5

EBITDA 40

EBITDA Start-ups Net Debt Marketability 40

Musings on Markets

MARCH 19, 2022

The Lead In To understand the market effects of the Russia-Ukraine conflict, we need to start with an assessment of the two countries, and their places in the global political, economic and market landscape, leading in. Ukraine, a part of the Soviet Union, has had its shares of ups and downs, and its economic footprint is even smaller.

Start-ups 100

Start-ups Risk Premium Equity Market Capitalization 100

Musings on Markets

JUNE 23, 2023

I will start this post with a couple of confessions. The first is that my portfolio has held up well this year, in a market that has been top-heavy and tech-driven, and one big reason is that it contains both NVIDIA and Microsoft, two companies that have benefited from the AI story. Sustained Profitability, with Cycles!

Start-ups 104

Start-ups Marketability Market Capitalization Technology 104

Musings on Markets

FEBRUARY 27, 2023

While it is a financial decision, it is one that is freighted with moral overtones, since almost every religion inveighs against debt's sins, labeling those who lend as sinners and those who borrow as weak. A growing firm needs capital to fund its growth, and that capital has to come from equity issuances or new borrowing.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

APRIL 20, 2025

There are strands of research in both behavioral finance and empirical studies that back up contrarian strategies, but as with everything to do with investing, it comes with caveats and constraints. In the third, constrained contrarianism , you buy the stocks that are down, but only if they pass your screens for qualify and safety.

Start-ups 136

Start-ups Price to Book Marketability Equity 136

Musings on Markets

FEBRUARY 23, 2025

However, remember that the added debt is going into investments (projects, joint ventures, acquisitions), and these investments will generate earnings and cash flows. When the debt is within reasonable bounds (scaling up with the company), a company can borrow money, and not lower its ratings.

Equity 77

Equity EBITDA Risk Premium Gross Debt 77

Brian DeChesare

MARCH 19, 2025

Private equity interest in consumer retail started strong but declined over time. So, PE firms dont have much room to boost sales, cut costs, or do roll-ups because the industry is already quite concentrated. Excluding operating leases (which Capital IQ incorrectly adds to Net Debt for U.S. So, what is Sycamores plan?

Equity 59

Equity Private Equity Firm EBITDA Start-ups 59