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...“We have retained a team of professionals from B Riley Advisory Services (a division of B Riley Financial) to assist with managing through various operational challenges,” the memo said....
...In the years when Buffett outperformed, it had a market cap of $100bn or less, and represented a smaller fraction of the S&P. Now it is $900bn and about 2 per cent of the index....
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...If you take the Magnificent 7 out of the S&P 500, its multiple moves from 22 to 19. The S&P 350 is at 14....
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...The forward P/E of the Mag 7 is 31. The rest of the S&P 500, excluding the Mag 7 and four stocks with negative expected earnings, has a forward P/E of 19....
...I am surprised, looking through Berkshire’s 13-F filings, how many not-huge stock positions it has on big-but-not massive companies....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...A few years after the US suspended Turkey from America’s flagship F-35 fighter jet programme in retaliation for purchasing the Russian-made S-400 missile defence system, it is now in talks with Ankara to...
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...The S&P 489 has a weighted average P/E of 24, cheaper than the whole index, but not by much....
...Looking at a 20-year chart of the price/earnings valuations of the S&P 500 and its small cap sibling the S&P 600, it seems possible that this is what has happened to small stocks: Small caps (dark blue...
...“Significant budgetary consolidation has placed Greece’s fiscal trajectory on to a firmly improving track,” said S&P’s analysts, who attributed a “stable” outlook to the country....
...On a forward P/E basis, the S&P 500’s 2021 (harmonic) average was 23, versus an average of 22 in the past four months and 18 in the past three decades....
...In a Monday update, the rating agency moved Ford up to triple-B minus from double-B plus....
...Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...Apparently it will pay tribute to the history of R&B, which is promising: Usher is a formidable song-and-dance man. He has also hinted at a tribute to his hometown Atlanta’s strip clubs....
...It’s a lot cheaper than the S&P 500 because the S&P 500’s price-to-book value has really gone up in recent years....
...She contributed $4mn towards RFK’s Super Bowl advertisement earlier this year in which he outraged his family by likening himself to his uncle, John F Kennedy....
...It’s bigger than Next, M&S and JD Sports put together, and bigger than the whole of the FTSE 250 retail sector....
...His most recent collection, 2021’s Mutiny, is similarly preoccupied with rebellion and riot, with borders and the reasons they’re maintained, with the legacy of colonialism and communities torn apart by...
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...The leading seven tech stocks traded on a 24-month forward P/E of 52x in 2000, more than double the Mag7’s 25x....
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