Brian DeChesare

AUGUST 31, 2022

Traditionally, if someone asked the “ sales & trading vs. investment banking ” question, the response was easy: “Do banking unless you really, really like trading and could not imagine doing anything else.”. A Simple Example of a Convertible Arbitrage Trade. billion, which implies a volatility of 30%.

Banking 64

Banking Risk-free Rate Equity Start-ups 64

Benzinga

SEPTEMBER 23, 2022

Read on to learn more about three dividend stocks — Trian's most held positions. Heinz Company until 2013, when Warren Buffett's Berkshire Hathaway (NYSE: BRK-A ) and 3G Capital Management purchased it for roughly $28 billion. The company then turned into Kraft Heinz (NASDAQ: KHC ). Full story available on Benzinga.com.

Dividends 52

Dividends 52

Benzinga

OCTOBER 4, 2023

Shares of Orange SA (NYSE: ORAN ) were rising in early trading on Wednesday.

Dividends 52

Dividends Marketability 52

Valutico

DECEMBER 15, 2022

Core Ideas Explained. The data for these multiples can be taken from publicly available sources as all of these measures can be calculated from the financial reports of the publicly traded companies. . Trading, Transaction and Experience Multiples. Trading Multiples (a.k.a. What is valuation using multiples?

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Benzinga

APRIL 4, 2022

Public Iron Spark shareholders will continue to receive a 5 cent quarterly dividend until the deal closes. Iron Spark public shareholders will own 31.2% of the company after the merger assuming no share redemptions. About Hypebeast: Full story available on Benzinga.com.

Dividends 98

Dividends Equity eCommerce 98

Benzinga

JUNE 6, 2022

Yumanity plans to distribute any remaining available cash proceeds from the sale to Yumanity stockholders via a one-time dividend and net cash requirements associated with the. Full story available on Benzinga.com.

Dividends 52

Dividends 52

Benzinga

MAY 23, 2022

Diamondback Energy (FANG) was the spotlight idea for our October 2021 Special Situations Newsletter, after the company announced a large $2 billion share buyback, that represented nearly 14% of the company's market cap at the time of announcement. per diluted share.

Private Equity Firm 52

Private Equity Firm Dividends Equity Banking 52

Musings on Markets

JANUARY 11, 2024

In the years that I have taught these two classes, I find myself using my corporate finance framework constantly, when valuing companies, and bringing my understanding of valuation into play, when examining how companies should make investing, financing and dividend decisions.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

Reynolds Holding

FEBRUARY 12, 2023

They bring with them additional voting rights and, in some cases, a higher dividend. This is based on the idea that any shareholder, in theory, can take advantage of the greater voting rights – double those of ordinary shareholders – by simply retaining the securities for long enough. Unequal voting practices are rare in Anglo (U.K.,

Dividends 49

Dividends Technology 49

Musings on Markets

OCTOBER 12, 2023

In response, I have been told that the problem is not with the idea of ESG, but in its measurement and application, and that impact investing is the solution to both market and society's problems.

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

Reynolds Holding

JANUARY 25, 2023

Blaszczak [1] has long been a one-off case that did not fit the mold of the traditional insider trading prosecution, but now — following a 2-1 decision of the Second Circuit in December, reversing most of the convictions in the case — it may destabilize the law on insider trading for some time to come.

Dividends 59

Dividends 59

Cooley M&A

JULY 28, 2022

This may include items such as dividends and distributions; returns of capital; transaction expenses; payments to directors; deal-related bonuses and other non-ordinary course intra-group payments. dividend strip/monitoring fee); payment of salaries in the ordinary course of business; and debt breakage costs, such as bonds being taken out.

Equity 59

Equity Dividends Banking Finance 59

Musings on Markets

JANUARY 8, 2022

After all, the key driver of investment success from investing in low PE ratio stocks comes from their reverting back towards the average PE, and the biggest driver of the Shiller PE as a market timing device is the idea that there is a normal range for PE ratios.

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Musings on Markets

NOVEMBER 9, 2021

Tesla is built around an outsized personality : When valuing publicly traded companies, I seldom talk about its top management explicitly, since the numbers reflect what they bring to the firm. Just for perspective, the total revenues of all publicly traded automobile companies, globally, in 2020-21 was $2.33

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

Musings on Markets

DECEMBER 21, 2022

and uses that endgame to cast light on the investing, financing and dividend decisions that all businesses, small or large, private or public, have to make. The class starts with a question of what the end game should be for a business (profitability, value, social good?), firms in emerging markets or private businesses.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Benzinga

SEPTEMBER 21, 2023

Cisco Systems Inc (NASDAQ: CSCO ) on Thursday announced agreements to acquire Splunk Inc (NASDAQ: SPLK ) for $157 per share, a total equity value of about $28 billion. The acquisition price reflects a premium of 31.3% on Splunk’s price of $119.59 as of Wednesday's market close.

Equity 59

Equity Marketability Dividends 59

Benzinga

OCTOBER 18, 2022

The Federal Trade Commission investigated whether Visa Inc (NYSE: V ) and Mastercard Inc (NYSE: MA ) security. The report added that the chipmaker and its advisers believe that selling fewer shares at a reduced price may generate increased interest in the IPO. Full story available on Benzinga.com.

Equity 98

Equity Marketability Dividends 98

Musings on Markets

JANUARY 9, 2021

I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Benzinga

MAY 19, 2022

Monro Inc (NASDAQ: MNRO ) reported fourth-quarter FY22 sales growth of 7.4% year-on-year, to $328 million, beating the consensus of $324.66 The gross profit declined 2.3% Y/Y to $104.6 The margin decreased 320 basis points to 31.9%, primarily due to an incremental investment in technician headcount and. Full story available on Benzinga.com.

Dividends 52

Dividends 52

Musings on Markets

NOVEMBER 4, 2022

Buy and hold returns : If you had bought shares in Facebook on its first trading day, you would have paid $38.12, and if you had held the stock through October 27, 2022, when it was trading at $93/share, that would have translated into a cumulative return of 144%. What are the checks on these conflicts of interest?

Start-ups 98

Start-ups Market Capitalization Marketability Dividends 98

Musings on Markets

JANUARY 20, 2021

Corporate Default Spreads: Current and Look Back at 2020 Corporate bonds are traded, and as a consequence, and you can use traded prices to estimate default spreads in the market. You could compute default spreads for other maturities, and compute the price of risk over 1-year, 2-year, 3-year periods and so on.

Risk Premium 52

Risk Premium Risk-free Rate Equity Dividends 52

Equilest

MARCH 17, 2022

Strictly speaking, the result to be taken into account should be the free cash flow generated by the company, i.e. the cash flow actually available to a buyer to repay acquisition debt, through the distribution of dividends: this is the DCF method (for Discounted Cash-Flows), which is detailed below. what is applicable to the company.

Business Valuation 40

Business Valuation EBIT EBITDA Discounted Cash Flow 40

Brian DeChesare

JUNE 1, 2022

Traditionally, the sector was viewed as a defensive play for investors who wanted stable dividends and no drama. The “classification tree” is simple because this sector is quite narrow: Of these verticals, electricity is easily the most important one; ~90% of publicly traded utility companies are involved in electricity in some way.

Banking 93

Banking Equity Book Value Capital Structure 93

Reynolds Holding

MAY 9, 2023

Interests, Intentions; Schedule 14A and Rule 13d Schedule 14A, the SEC’s proxy statement form, requires disclosure of the nominating stockholder’s position in securities of the target company, its trading history and contracts, arrangements and understandings that the nominating stockholder has entered into with respect to the target’s securities.

Dividends 45

Dividends Finance Equity Marketability 45