Musings on Markets

JUNE 9, 2021

In fact, “blank check” companies had a brief boom in the late 1980s, before regulation restricted their use, largely in response to their abuse, especially in the context of "pump and dump" schemes related to penny stocks. There are two benefits that SPACs derive, as a consequence.

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Musings on Markets

JANUARY 12, 2021

For a class to resonate and be remembered, it has to be more than a collection of topics, and with each of my classes there is a core narrative that animates and connects the class sessions. That view has led value investors to focus on mostly mature companies and kept them out of the game of investing in young and growing businesses.

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

SEPTEMBER 14, 2021

In the year since, I have heard from many on the topic, and while there are some who agreed with me on the internal inconsistencies in its arguments, there were quite a few who disagreed with me. YouTube Video.

Start-ups 99

Start-ups Marketability Firm Value 99

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%. 2150, was close to my value, the stock price collapsed in the days after to less than ? 1400 and has languished at about ? 1700 since.

Start-ups 83

Start-ups Marketability Technology Market Capitalization 83

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

Speaking of Disney, a company that has found itself in the crosshairs of political and cultural disputes, the stock hit $80 on September 7, close to a ten-year low. To add to the angst, the threat of artificial intelligence (AI) overhangs almost every aspect of the business, and is one of the contested issues in the strike.

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. If the best advertising is unsolicited, Birkenstock clearly has mastered the game.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104

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. That said, in my niche, which is valuation, many start with the presumption that almost every topic you pick is boring.

Start-ups 52

Start-ups Equity Marketability 52

Audit Board

JUNE 8, 2023

Compliance audits are a broad topic that can affect many organizations across different parts of an organization. It’s fair game to ask the audit team for a high-level outline of topics for these interviews so that the right people speak to the processes they own. Reviewing documents and evidence is considered inspection.

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Musings on Markets

JULY 22, 2021

In addition, since so much of the excitement about the stock comes from the potential for growth in the Indian food delivery market, I set the stage for that analysis by comparing the Indian market to food delivery markets in other parts of the world, as a prelude to forecasting its future path.

Marketability 86

Marketability Start-ups Equity Price to Book 86

FE International

MARCH 14, 2018

Examples given by Amazon include: “game products, interactive stories, unlocked features or content, and more.”. Games, Trivia & Accessories. A leader in the communications industry, Skype allows users to communicate with each other via voice, video, and text across multiple platforms. Food & Drink. Health & Fitness.

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52