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...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...Yes, he reached a bad bet, but he didn’t ultimately lose very much money compared with Unnamed Interns 1–3. Could he have improved the situation?...
...Yankee Candle and H&M didn’t respond to our emails. The food & dining sector follows closely in second with 72 companies....
...This isn’t just a theoretical worry....
...They don't court Wall Street equity analysts like the other Chinese e-commerce giants do....
...At least I’m not flying in the face of RHS advice on pesticides. “[The RHS] recommend avoiding pesticide controls,” says Salisbury....
...IBES consensus EPS growth estimates for the MSCI UK are 1.9 per cent for 2024....
...The irony of number 85 isn’t lost on me — to stay composed under duress — and by 105, with my legs in spasms, I’m not sure I can “be grateful for overwhelming happiness of this moment of bowing”....
...Robert ArmstrongYou know what I’m glad about, Ethan? I’m glad Katie Martin isn’t here because I don’t think she’d be able....
...— who also took home t-shirts — and Jane Streeters Vesey St. Tuna Trading Ltd. with a very respectable 44.5 and 42 points each....
...And the bank’s CEO, Jane Fraser, has a message to share. [Jane Fraser voice clip] I’m counting on everyone in the firm....
...I’m going to say something that’s going to sound weird: a market with a T-bond rate of 4 per cent is much healthier than a market with a T-bond rate of 1.5 per cent....
...I’m sure their cheery reaction was only partly to do with the prosecco supply they brought along....
...You just spent 18 months finding John Doe to fill that job gap; you’re not going to rush to fire him in this downturn....
...I don’t see much of this right now. Stocks with low P/E ratios relative to their expected growth rates are rare....
...under $1,000 a pillow....
...To those people, Goldman says widgets: Assuming (1) no change in the current P/E multiple of the group (30x) and (2) consensus estimates for 2025 remain unchanged, then the Magnificent 7 would appreciate...
...OTB had a knockout 2023, with revenues reaching €1.9bn, up 10.2 per cent from the previous year....
...As he left Corrour in 1940, Drinkwater wrote: “Anyway, I’m still hoping to be back here for several days when the war is over.”...
...“We don’t have much control over what will happen, and are never likely to,” says Cowen. So we should embrace it....
...Mondi has exited Russia and last year warned on paper pricing; DS Smith didn’t have to and didn’t have to....
...romainmorandi.com Loro Piana cashmere Leth polo shirt, £1,980This biscuity cashmere, both smart and cosy, will lend itself easily to layering....
...I don’t get it, Rob. Make it stop. Robert ArmstrongI’m long something. I am long Berkshire Hathaway....
...Earlier this year, Wigdor filed another lawsuit on behalf of a Jane Doe who alleges that Epstein forced her to have sex with Black when she was 16. Both legal battles are likely to be protracted....
...HSBC estimates that the cost of manufacturing e-scooters is still up to three times higher than a fuel-burning equivalent, while the retail price of an Ola two-wheeler is about Rs120,000 ($1,500) compared...
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