Hints and tips:
...I am surprised, looking through Berkshire’s 13-F filings, how many not-huge stock positions it has on big-but-not massive companies....
...Half of those, around 1.5mn vehicles, were “full-sized” pick-ups, such as the Ford F-150 or Chevrolet’s Silverado, the market where the Cybertruck will compete....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...By dropping the ESG ratings now, maybe S&P is saying “the ratings really are not that useful,” said David F. Larcker, a professor at Stanford’s graduate school of business....
...Tony Blair to N.F.L star Tom Brady and his supermodel wife Giselle Bundchen....
...The initiative also helps to save lions and rhinos and, most recently, koalas in Australia through the Wildlife Conservation Network. tiffany.com F is for Fashion ExpressionsPrada Group has partnered with...
...The bank had the highest direct loan exposure to Russia at $1.8bn last September, according to S&P Global data....
...P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics. Q Queue Yes, you could get some fancy corporate ticket to Wimbledon....
...And here’s a smart listen: increasing barriers to achieving financial security have led a younger generation of investors to say, “F@$K it”....
...Surplus wealth, in-person activity and the three letters N, F and T have motored the lively art market through the challenges of 2021....
...A version of this article was first published by Nikkei Asia on January 29 2021. ©2021 Nikkei Inc....
...Initially, it was presumed that the “Blood ’n’ Gore” team — as wags called them — would have to sacrifice returns if they wanted to be green....
...Pacific Time, at the Computer History Museum located at 1401 N. Shoreline Blvd., Mountain View, CA 94043....
...Together they lifted the Nasdaq Composite 4 per cent, ahead of the benchmark S&P 500....
...N is for net present value — see “accountability”. O is for oligarchy — the new bankster mafia. P is for pump and dump — crypto's raison d'être....
...Sequencing is critical: P/E troughs, Price then (much later) Earnings We track the move in the P, E and P/E around recession lows....
...Or as Pozsar explains it: J.P....
...This scenario still presents 15-20% potential downside risk on a P/E basis when we compare valuation in our scenario of 17.7x 2022E P/E to the historical implied P/E of 14.9x reached during the GFC....
...Deleverage was sizeable, with net debt falling to £1.2bn (inc deeply subordinated bonds, pre IFRS16), or down £343m YoY....
...For context, Uber's valuation is currently $69.47bn, per S&P Capital IQ data....
...For S&N it all boils down to 2020 adjusted trading profit of $1,218bn to US$1.241bn versus a consensus of $1.243bn, so hardly a warning at all....
...It was 6.4 per cent lower than the $39.64 price at which Microsoft and others participated in its 2015 Series F round....
...Key for Centrica is maintaining its Baa2/BBB credit ratings with Moody’s/S&P, which we think is possible....
...New brands like e.l.f or pop star Rihanna’s Fenty Beauty can be built faster than ever with the help of online armies of influencers....
...Consider the “N”: Netflix. The video streaming service is still riding high, despite losing some of its mojo with a shortfall in subscriber growth last quarter....
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