Hints and tips:
...1,016: Amy De Jesus, Hong Kong Crossword 16,129: FJ Chalton, Liverpool; Nik Morrell, London; Ian Dempsey, New Jersey Polymath 1,015: Richard Otley, Wakefield Crossword 16,123: Michael Baylor, France; Scott...
...L’Oreal’s been downgraded at Credit Suisse. Stock priced for a V-shaped recovery that’s looking increasingly unlikely, they say: Downgrade to Underperform (from Neutral)....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...at the ‘C-suite’....
...Increased focus on the home, reversing some L-T adverse trends....
...We value Sumo based on a PE multiple of c.36x FY20E, a c.10-15% premium to the global peer group average (falling to 27x in FY21E)....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...Table 1 starts with RR’s u/l EBITA in 2022E and then deducts the utilisation of cash provisions, the excess of investment over D&A, then interest and tax....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...Credit Suisse assumes a two-month total shutdown and gradual restart, with business models not changed in any fundamental way by the crisis....
...The division is margin dilutive to the Group at a c.13% operating margin (Group c.18-19%)....
...One of his arguments (Part C of the paper) goes like this: buyers cannot distinguish a good car from a bad car. Like rotten fruit, the exteriors look the same. Savvy sellers, however, can....
...Scott Garrett (R-NJ) and supported by CMSA — that would require the Federal Reserve and financial regulators to examine the combined impact of new “retention” requirements and accounting standards on credit...
...A judge in Regina v....
...The coupons are non-cumulative and have a mandatory deferral trigger, which is a P&L loss (or regulatory capital shortfall)....
...Galen H.C. Liu Devesh P. Shah...
...We note the principles endorsed by Leaders at the Major Economies Forum in L’Aquila, Italy....
...(c) to establish a National Economic Council, composed of representatives of the Parties and of the following sectors: (i) Manufacturing (ii) Agriculture (iii) Mining (iv) Tourism (v) Commerce (vi)...
...So an L-shaped recession in terms of trend growth but not the level of output....
...And best business book read recently: Mobilizing Minds: Creating Wealth From Talent in the 21st Century Organization, by Lowell L L Bryan and Claudia L I Joyce ………………………………………………………………………………………………………………...
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