Musings on Markets

SEPTEMBER 19, 2023

In the first, I will look at the grocery business, both in terms of growth and profitability of grocery stores, since Instacart, as an intermediary in the business, will be affected by grocery business fundamentals. On the profitability front, the grocery business operates on slim margins, at every level.

Profit and Loss 131

Profit and Loss Valuation Advertising Investments 131

Musings on Markets

FEBRUARY 12, 2022

I must admit I was surprised by my own valuations, since, given the low riskfree rates prevailing at the time, only one stock (Apple) looked significant over valued. Clearly, much has happened since these valuations. trillion, and their share of the overall equity value of all US stocks also surged from 6.5% to 14.9%.

Valuation 103

Valuation Profit and Loss Numbers Advertising 103

Musings on Markets

JULY 22, 2021

The primary attraction of the company, to investors, comes not from its current standing (modest revenues and big losses), but from its positioning to take advantage of the potential growth in the Indian food delivery market.

Marketing 99

Marketing Valuation Profit and Loss Advertising 99

CFO News Room

NOVEMBER 5, 2022

In the next post, I will use Facebook’s most recent earnings surprise to talk about inconsistencies in how accountants categorize corporate spending, and why these inconsistencies can skew investors perceptions of corporate profitability and financial health. billion in the third quarter of 2022. .

Marketing 130

Marketing Advertising Profit and Loss Investments 130

Musings on Markets

NOVEMBER 4, 2022

In the next post, I will use Facebook's most recent earnings surprise to talk about inconsistencies in how accountants categorize corporate spending, and why these inconsistencies can skew investors perceptions of corporate profitability and financial health. billion in the third quarter of 2022.

Advertising 105

Advertising Profit and Loss Investments Marketing 105

Musings on Markets

OCTOBER 19, 2021

It extends into materiality, by reframing that concept in terms of value, rather than profits, and connecting it to disclosure, with disclosure requirements increasing proportionately with the value effect. Many subscription companies explicitly disclose contribution profits (e.g., StitchFix).

Profit and Loss 96

Profit and Loss Accounting Numbers Valuation 96

Musings on Markets

DECEMBER 2, 2020

Setting the Table As with any valuation, the first step in valuing Airbnb is trying to understand its history and its business model, including how it has navigated the economic consequences of the COVID. In addition, growth in the experiences business will also push this metric upwards, since Airbnb keeps a 20% share of those revenues.

Profit and Loss 52

Profit and Loss Valuation Numbers Investments 52

Musings on Markets

JUNE 23, 2023

From 2001 to 2020, revenue growth at semiconductor businesses has dropped to single digits, as higher demand for chips in new uses has been offset by loss of pricing power, and declining chip prices. Sustained Profitability, with Cycles! While revenue growth has picked up again in the last three years, the business has matured.

Valuation 103

Valuation Profit and Loss Investments Marketing 103

Barry Ritholtz

JUNE 18, 2024

Barry Ritholtz : Now, if I remember correctly, late nineties cracks in the facade were already showing of, you know, the, the monolithic radio, TV advertising world. I got the sense that, so Churnin takes 51% for a fairly modest valuation, 10 or $15 million. Big advertisers would never give Barstool Sports a look the way they do now.

Entertainment 59

Entertainment Investments Math Advertising 59

Barry Ritholtz

DECEMBER 12, 2023

But in the New York Times, there was an advertisement that the value line investment survey needed analysts. They announced a $640 million loss and ouch. But if, if it has a history of not being profitable, you you really want to exclude that. The visibility on earnings they grew but they stayed profitable as, as they grew.

Benchmarking 106

Benchmarking Concentration Investments Profit and Loss 106

Barry Ritholtz

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 119

Valuation Education Finance Numbers 119

Musings on Markets

MARCH 15, 2025

Blue-collar workers in developed markets : The flip side of the rise of China and other countries as manufacturing hubs, with lower costs of operation, has been the loss of manufacturing clout and jobs for the West, with factory workers in the United States, UK and Europe bearing the brunt of the cost.

Investments 130

Investments Profit and Loss Valuation Economics 130

Barry Ritholtz

APRIL 8, 2025

And, you know, therein began, I think the unraveling and, and a little bit of the, the loss of that, you know, cultural juice that had kind of historically made that firm special. And when we experience a loss, right, a 50% loss can happen right? I don’t wanna experience loss. We have that, those options as well.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Profit and Loss Numbers 59

Barry Ritholtz

MARCH 21, 2023

ASNESS: Some of the things like betting against beta, quality or profitability, carry strategies were additions over time. ASNESS: And we had a great almost a decade, because everything else we do work, profitability one; fundamental, momentum one; low risk one. ASNESS: There are a few reasons. RITHOLTZ: Okay. RITHOLTZ: Past decade.

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69

Barry Ritholtz

JUNE 3, 2024

Now you have to assume some losses. Barry Ritholtz : And these bonds are still profitable Jeffrey Sherman : And they don’t break, like they, they don’t, they don’t, they don’t lose money, especially at 50 cents on dollar. And you know, it’s the same thing when valuation gets outta control too.

Math 59

Math Marketing Treasury Valuation 59