Hints and tips:
...earnings call, November 2023 Crevoiserat: Overall, we remain excited by the opportunity to expand our house of powerful brands, increasing our position in growing and durable categories, with enhanced cash flow...
...The profit metric I prefer to use for tech companies is what I call “true free cash flow”, which is operating cash flow minus capital expenditures and stock-based compensation (stock comp becomes a cash...
...“They can take out names if there is a controversy so they are more dynamic than any other passive fund,” she notes....
...“It’s been a bad year for equity flows, and particularly bad for US equity flows, and particularly bad for actively managed funds....
...His mother worked in the local government, figuring out how traffic flows were affected by road construction....
...“But I would say that these things ebb and flow.”...
...The dollar store model has seen great growth over time and generates a lot of free cash flow....
...But moves by the government and by market authorities to enhance board structures, draw in institutional and retail investment flows and push companies into more dynamic strategies have also helped....
...“It’s a very dynamic feedback loop,” he says....
...Investors are still buying stocks (and bonds) but the bulk of new fund flows are into cash....
...To see if this is indeed the case, we analysed demand for ESG funds via flows, closures, launches and name change data....
...Commercial real estate could create, say, $40bn-$50bn in losses; it’s not a structural dynamic of the US economy. Residential would be....
...Like many other growth companies in the media and technology sectors, VICE has been cash flow negative for the past several years....
...This switching was elevated last year because of changing market dynamics, he believed, with investors returning to more sensible-type strategies after strategies that chased performance were hit hard in...
...Free cash flow in the last quarter was more than $17bn. Plenty to cover a generous repurchase plan with billions to spare....
...We’re doing this because the dynamics of a platform like Substack change if the people who are building their businesses on it are owners of it too....
...Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, said iShares’ stronger flow dynamics suggested more investors might have been looking for market exposures not covered by the relatively...
...But the deeper question is not about the costs themselves, but the supply and demand dynamics that determine the returns, after costs, that these two companies can earn....
...They channel the flow of new investors, which is the oxygen that keeps these speculative dynamics alive. BIS research in this area has highlighted how crypto only really works when this is happening....
...“An equal opportunity to progress is not only morally right, but a cornerstone of good business practice and key to creating a dynamic, productive workplace.”...
...Private companies, which by definition have zero common (passive) ownership, are not affected by this dynamic and, thus, have a greater incentive to tap into higher energy prices by increasing their drilling...
...“The team is really excited about the possibility of taking the lead, but market dynamics can always change,” she added....
...HOLD: Kingfisher (KGF) The heavily-shorted company looks exposed to the changing dynamics of the sector, writes Christopher Akers....
...However you measure it, something like half of Japan Inc trades under 1 p/b....
...Put simply, Japan Inc needs more foreign currency to pay for imports than it earns via exports: a fundamentally negative dynamic for the yen....
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