Hints and tips:
...The company’s shares have risen almost 75 per cent over the past year, outpacing the benchmark S&P 500’s 22 per cent gain. Its public valuation now stands at nearly $27bn....
...PetVet carries high-risk debt ratings, with S&P Global last year projecting its leverage would be more than nine to 10 times its earnings in 2023, a high level....
...That trails a 165 per cent gain by Buffett over the same period and a 211 per cent total return by the S&P....
...Shares of Berkshire have climbed 11 per cent this year, outpacing the 8 per cent total return of the S&P 500. Berkshire has not paid a dividend since the 1960s....
...One of the driving questions of Eric’s series is “who can possibly follow what Buffett has achieved at Berkshire?” But this question — a good one — raises a different one for me....
...Berkshire’s line-up of managers, however, is to P/C insurance what Cooperstown’s honorees are to baseball.”...
...Earlier this week, rating agencies S&P Global and Moody’s put Equinox on watch for downgrades deeper into junk territory, fearing that it could face a restructuring if it were unable to refinance the loans...
...The results are not flattering: Combs and Weschler are trailing both Buffett and the S&P 500....
...Robert Armstrong(Laughter) Our colleague Eric Platt wrote this incredible series of four articles about kind of what’s next....
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
...With my colleagues Oliver Ralph and Eric Platt, I put this question to Warren Buffett, Berkshire’s chair, in an interview five years ago....
...The obvious candidate is the energy business, which is facing some serious structural headwinds, as Myles McCormick and Eric Platt recently explained in the FT....
...market helped lift the broader US stock market their returns stood out: by the end of 2022 Berkshire had gained nearly 3.8mn per cent since 1964, far outpacing the roughly 24,000 per cent return in the S&P...
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...New York mayor Eric Adams said the police had made 108 arrests. Columbia also suspended students who had occupied part of its main campus for more than 30 hours....
...Virtu’s shares have fallen almost 10 per cent this year even as benchmarks such as the S&P 500 have rallied....
...The S&P 500 gained 1.1 per cent on Friday to a record high as a surge in tech stocks helped the market shrug off the change in interest rate expectations....
...Nvidia now makes up 2.7 per cent of the S&P 500, climbing from 1.1 per cent at the end of 2022....
...The S&P 500 and the Nasdaq Composite each gained 0.4 per cent to close at their highest levels in about 20 months....
...The S&P 500 reached its highest level in more than a year on Tuesday, ahead of the Federal Reserve’s policy meeting on Wednesday, at which the central bank is expected to raise interest rates by another...
...The company’s triple C plus credit rating is one of the lowest assigned by the big rating agencies, with analysts at S&P Global warning its upcoming debt maturities “present significant refinancing risk”...
...asked Eric Otness, head of M&A at Skadden’s Houston office. “We’ve seen all this consolidation on the upstream side....
...Especially when the S&P 500 is up 20 per cent and you’re not in a recession,” Sharps told the FT....
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
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