Hints and tips:
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...With a water temperature around the rescue site of 12°C, according to authorities at the rescue site, hypothermia would be likely to cause anyone in the water without adequate protection to lose consciousness...
...The S&P 500 is not yet quite as expensive as it was in the zero-rate, fiscal bonanza, everyone-has-loads-of-cash glory days of 2021. But it is getting closer....
...European Central Bank board member Philip Lane discusses “The dynamics of the financial system in the Eurozone” at the Bernacer Prize ceremony in Madrid....
...Chart from S&P Global, through September: Part of the reason for this is that companies are making money....
...The S&P 500 ended the day down one and a half per cent and the yield on the policy sensitive two-year Treasury hit its highest level in 16 years. The FT’s Colby Smith has more....
...by Daniel Chandler (Allen Lane) Chandler is an economist and philosopher at the London School of Economics....
...That renders 37 per cent probabilities for A and B, and 13 per cent for C and D....
...The S&P 500, which was already lower following negative comments from Moderna’s chief executive about the effectiveness of vaccines to tackle the new Omicron strain, ended down 1.9 per cent....
...But the number of transition announcements has picked up considerably from the second half of 2020, according to a study of the Russell 3000 and the S&P 500 co-authored by the Conference Board earlier this...
...The company’s valuation stands at a rather mind-boggling 29 times forward revenues, according to S&P Global data, and it’s share price is up a staggering 236 per cent this year....
...Tomra has three principle ways of paying its C-suite: a fixed salary, a variable salary, and a long-term incentive plan (LTIP)....
...The S&P 500 closed up 0.2 per cent having set a new intraday high above 3,500 points....
...This derives our new target price of US$6.4, implying c.50% upside from here. We upgrade the stock to Buy from Neutral....
...By the end of Monday’s trading, the S&P 500 was up on the year....
...The HFRI Composite index dropped 9.4 per cent in the quarter, while the S&P fell by almost 20 per cent....
...Just take a look at this, which purports to show the synergies between the bank’s Global Wealth Management (GWM), Asset Management (AM), Personal & Corporate Banking (P&C) and Investment Banking (IB) arms...
...Yesterday afternoon we looked at what happened to the S&P 500 in the week, six months, and one year after these last 7 emergency cuts....
...At 12.5x P/E to Jan 21e, falling to 9.4x thereafter, the shares are trading close to our view of fair value. We upgrade to Hold from Sell....
...The shares currently trade on a 2020E PE multiple of c.17 times and an EV:Sales multiple of c.0.92 times in the context of Group margins of c.7.6%....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...With the £1.4bn gross cash position post-December convertible implying c.3 years of funding headroom. Indeed, Mr....
...Trade Wars are Class Wars Matthew C. Klein and Michael Pettis, Yale University Press, RRP$28/£20 This is a very important book....
...All 3 UK names are the cheapest in our European coverage by some margin, at 10-12X P/E and 8-10% FCF yield....
...So much for energy really dragging on triple C credit....
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