Musings on Markets

SEPTEMBER 9, 2024

In parallel, I also noted that investors have to change the way they value and price companies, to reflect where they are in the life cycle, and how different investment philosophies lead you to concentrated picks in different phases of the life cycle.

Valuation 109

Valuation Construction Manufacturing Investments 109

Musings on Markets

OCTOBER 4, 2021

In this post, I will look at the levers that drive Paytm's value, and you can make your judgments on where you think this offering will lead in terms of valuation and pricing. Within the online payment space, this number has wide variance, with Paypal, perhaps the most mature of the companies, having a sales to invested capital of 2.54

Valuation 75

Valuation Profit and Loss Investments Numbers 75

Barry Ritholtz

AUGUST 20, 2024

And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. And so that then led to the sale of that business in the late 1990s to Credit Suisse.

Concentration 67

Concentration Valuation Marketing Investments 67

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. The Valuation To value Airbnb, I will follow a familiar script, at least for me. in 2019.

Profit and Loss 52

Profit and Loss Valuation Investments Numbers 52

Barry Ritholtz

SEPTEMBER 10, 2024

Mike Wilson has been with Morgan Stanley since 1989, rising up through the ranks of institutional sales, trading, investing, banking to eventually becoming Chief Investment Officer and Chief US Equity Strategist. And then I went into really more of a sales role in the nineties. We were dealing with clients from a sales standpoint.

Valuation 62

Valuation Investments Economics Marketing 62

CFO News Room

NOVEMBER 8, 2022

So, last year, valuations were high, interest rates were low. And I said, “Look, you’ve got to look at where we are with valuations, and you have to look at where the 10-year Treasury is at. We update the expected return and the expected risk inside of eMoney. Is it at 1.5%? .” Just wrong fit, wrong stage here.

Restructuring 130

Restructuring Planning Marketing Accounting 130

Barry Ritholtz

DECEMBER 12, 2023

Low price stock has historically had some very large concentrated positions. And those concentrated positions happen because they have high conviction that they’re in that group where it’s not stupid to think about where earnings will be 10 years out. This is what’s wrong with concentrating in the wrong stocks.

Benchmarking 104

Benchmarking Concentration Investments Profit and Loss 104

Musings on Markets

JANUARY 9, 2021

To illustrate, consider a practice in valuation, where analysts are trained to add a small cap premium to discount rates for smaller companies, on the intuition that they are riskier than larger companies. It is very likely that these rules of thumb were developed from data and observation, but at a different point in time.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Barry Ritholtz

DECEMBER 6, 2022

And we’re having very good conversations with clients that I think, at current valuation levels, they remain, you know, very interested in the market and they see some opportunities. And on top of that, it is still very early because electric vehicles sales doubled into 2021, and that is still 9 percent of total sales.

Investments 62

Investments Marketing Numbers Risk Management 62

Barry Ritholtz

APRIL 6, 2023

Alarmed by dwindling sales to Gen Z, the dairy industry is going all out to get younger Americans on the milk train. ( Alarmed by dwindling sales to Gen Z, the dairy industry is going all out to get younger Americans on the milk train. ( His textbook “ Investment Valuation ” is the standard in the field.

Valuation 113

Valuation Profit and Loss Financial Analyst Concentration 113

Musings on Markets

FEBRUARY 4, 2023

If you review the Adani website and sales pitch, it is quite clear that the company learned to play the ESG game well, creating an entire ESG universe to underpin its companies, and exploiting the green bond market , presumably for its green energy business.

Investments 100

Investments Valuation Auditing Restructuring 100

CFO News Room

FEBRUARY 5, 2023

If you review the Adani website and sales pitch, it is quite clear that the company learned to play the ESG game well, creating an entire ESG universe to underpin its companies, and exploiting the green bond market , presumably for its green energy business.

Marketing 130

Marketing Investments Auditing Profit and Loss 130

Barry Ritholtz

DECEMBER 14, 2022

I mean, I think separating the for sale residential market from for rent commercial real estate, including rental apartments is so important. Because going back to our thematic investing, our portfolio is 80 percent concentrated in warehouses, rental housing, lab office space and hospitality asset. MCCARTHY: A 100 percent.

Mergers and Acquisitions (M&A) 62

Mergers and Acquisitions (M&A) Investments Construction Concentration 62

Barry Ritholtz

NOVEMBER 4, 2024

But I think the reality is right now, we just have an overhang from, I certainly in my world, I can speak to healthcare and FinTech, a number of companies going public and then disappointing or valuation just being excessive compared to the maturity of the businesses. You’re, you’re swiping at the p the point of sale.

Healthcare 52

Healthcare Investments Numbers Marketing 52

PYMNTS

AUGUST 13, 2018

percent of its sales were attributed to that payment method. This ignores the fact that the processing rails for this system — bitcoin — is concentrated in a handful of miners in China and the exchanges used to turn bitcoin into the real money that people can spend are routinely hacked. billion.

Banking 44

Banking Transportation Investments Accounting 44

Barry Ritholtz

FEBRUARY 12, 2024

And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. Like these companies could announce almost anything other than a sale of the company and nobody and nobody would notice. What is it that we think is likely to be misunderstood about something?

Investments 115

Investments Marketing Numbers Entertainment 115