Hints and tips:
...They’re digital tokens backed either by a) dollar-denominated portfolios of safe assets; b) unaudited promises that they have safe assets; or c) magical confidence maths that only work until a death spiral...
...And yet: The Russell 2000 small-caps index has now lagged behind the S&P 500 large-capitalisation index since its inception at the end of 1978, overturning a century of return data across multiple countries...
...They are probabilistic bets on successful R&D: most of the time your investment goes to zero, but occasionally you’ll get a massive outsized return....
...Adam Abbas, the co-head of fixed income at Harris Associates, said markets were “effectively” closed for triple-C rated companies looking to raise debt, raising the spectre of “a natural default cycle”....
...With prices starting from approximately €100,000, €218,000 is the current ceiling for its Dream Edition P and R, the brand’s range-topping, limited numbers launch models....
...a free cooked meal. burberry.com; onsideyouthzones.org P is for Pink PonyRalph Lauren’s Pink Pony was set up in 2000 to ensure access to cancer treatment is available to everyone at an early stage....
...But what of the people at Network 1? Its president, chief operating officer and chief financial officer is one William R....
...Daniel Yergin, vice-chair of rating agency S&P Global and an energy markets expert, said he had never seen such a focus on geopolitics in 25 years of coming to the annual meetings....
...O Over-rule When an umpire reverses a call by a line judge, aka how umpires prove they’re awake. P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics....
...“We do expect a default scenario for Evergrande, unless there is an unexpected positive development for the company such as asset sales,” said Matthew Chow at S&P. Which debts are at risk of default?...
...Others might remark that they were more “arts” than “sciences” at school. It is this sort of thinking that holds us back — that we’re either one or the other. In 1959, the physicist and novelist C.P....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Our back-of-the-envelope $1.5bn WW recurring sales for AZN assumes 250m doses p.a. for developed countries at c.$6 per dose, a discount to estimated US flu vaccine revenue/dose around $11-13 given likely...
...and How We Should Respond by Daniel Susskind The Case for a Job Guarantee by Pavlina R....
...But at Stella, we question everything. That’s why our P is for progressive.”...
...At this stage, we expect a broadly similar outcome in the second half to H1 implying full year EBITDA of c£700m (£620m pre IFRS 16)....
...The picture at the federal level with H.R. 2339 is complicated....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...GILD’s c$15bn cost base vs $11bn core op.income, of which c$5bn lies in R&D/SG&A), but also require very significant job cuts at a time of global economic hardship....
...However, the sales unwind into 2H20-1H21 could be significant, which is a risk given a 2021e P/E ratio of almost 27x....
...We expect JD Sports, on the other hand, to be in an even more dominant position at the end of this period. ... The stock trades at 13x 2021 Cal. P/E, a c.30% premium to the sector (incl....
...B.R. Shetty and his advisers are in the process of carrying out a legal review in order to verify the total interests of Dr. B.R....
...On the other hand, “Cân Dai’r Cantwr” is fully electronic, with a pulsing syncopated synthesiser line and breathy vocals from Jên, pointing the way forward to their mature albums. ★★★★☆ ‘9Bach’ is released...
...Trade Wars are Class Wars Matthew C. Klein and Michael Pettis, Yale University Press, RRP$28/£20 This is a very important book....
...The new management team has already made a start to realise the value within the land bank and targets operating margins of c.15% and an ROCE of at least 20%....
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