Hints and tips:
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...The latter point is GS’s main takeaway too....
...So when they’re delivering those epic performances, they are really in there pulling those Gs.”...
...The price target is £2.0 assuming 3x P/E (half our normal valuation pending dilution), 4x EV/EBITDA....
...On our current published forecasts, Royal Mail trades on a March 2020E P/E of 10.3x and EV/EBITDA of 3.6x (rising to a March 2021E P/E of 13.4x and EV/EBITDA of 3.8x)....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...Bears last week staked out the most aggressive positions in a year against SPDR S&P Retail, the sector’s benchmark exchange-traded fund....
...- Scott Sumner écrase l’infâme....
...Catch up on their findings, which include the curve trade that never was, the whale and the P&L, the CIO’s Kodak moment and much much more, in the CSI:CIO series here....
...If anything changes, I’ll let you know. / L The result of was `Goldman Sachs Rakes In Profit in Credit Crisis‘ which ran on November 19....
...That said, GS does not manage its business this way and GS’s P&L is largely driven by other factors outside of interest spreads, therefore we do not spend a great deal of time with this disclosure....
...• However, we remain ‘Neutral’ on valuation, with GS trading 4% above our TP of $180, and trading at P/NAV of 1.6x in 2011E with a RoNAV of 14.6% 2011E ex own debt....
...This bodes well for valuation, since ROE over 20% eventually drives P/B near 2x, vs. current P/B of just 1.4x. BV per share was $106, ahead of our $104 estimate because of higher EPS....
...Buffett, who, as a consequence of this deal got diluted and with both Moody’s and S&P maintaining their Negative Outlook despite the equity injection, it points to GS being very opportunistic in exploiting...
...One, who may or may not be exercising self-deprecation, is holding up a sign saying “J-E-T-S can S-P-E-L-L”. The stage is overhung with a digital clock and flanked by screens and banks of speakers....
...15 aprile p.v.) da parte dei soci veneti, nonché l’esistenza di un’azione concertata tra la Lodi e gli altri soci tale da poter configurare un obbligo di OPA....
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