What Is Your Business Worth
... 4. The less a buyer pays for a business, the more he or she can afford to provide for management incentives. Is the EBIT multiple an arbitrary number? A rule of thumb is that if you buy a new machine for a factory, you should be able to pay for it in five years from the resulting labor savings. Lik ...
... 4. The less a buyer pays for a business, the more he or she can afford to provide for management incentives. Is the EBIT multiple an arbitrary number? A rule of thumb is that if you buy a new machine for a factory, you should be able to pay for it in five years from the resulting labor savings. Lik ...
inflation, real interest rates and the shiller p/e
... Why this matters: Investors often look at unconditional valuation metrics such as the Shiller P/E to infer if the stock market is cheap or expensive. Arnott argues that the fair value of the Shl ...
... Why this matters: Investors often look at unconditional valuation metrics such as the Shiller P/E to infer if the stock market is cheap or expensive. Arnott argues that the fair value of the Shl ...
derivative security - the School of Economics and Finance
... loss in short-selling is more than the loss in outright purchase? Question 2: Interest rate seems to have positive effect on the profit/loss on short-selling but negative effect on the profit/loss on outright purchase. Reason? Question 3: At what interest rate, profit/loss from short-selling or from ...
... loss in short-selling is more than the loss in outright purchase? Question 2: Interest rate seems to have positive effect on the profit/loss on short-selling but negative effect on the profit/loss on outright purchase. Reason? Question 3: At what interest rate, profit/loss from short-selling or from ...
PDF - BTR Capital Management
... will grow over the long term? It doesn’t have to.” “Forget history, bonds will outperform stocks for the next ten years, so why should I put any money into stocks?” Consider that the underlying worth of an equities market is a function of the expected stream of future earnings of the companies in th ...
... will grow over the long term? It doesn’t have to.” “Forget history, bonds will outperform stocks for the next ten years, so why should I put any money into stocks?” Consider that the underlying worth of an equities market is a function of the expected stream of future earnings of the companies in th ...
q. please state your name, profession, and occupation.
... employees; but also to the shareholders who assume the risk, provide the capital and ...
... employees; but also to the shareholders who assume the risk, provide the capital and ...
lEVEl I SCHWESER`S QuickSheet
... obligation) to retire all or part of issue prior to maturity. Issuer owns option to call the bonds away from investor. • Refunding provisions. Nonrefundable bonds prohibit premature retirement of an issue from proceeds of a lower coupon bond. Bonds that carry these provisions can be freely callable ...
... obligation) to retire all or part of issue prior to maturity. Issuer owns option to call the bonds away from investor. • Refunding provisions. Nonrefundable bonds prohibit premature retirement of an issue from proceeds of a lower coupon bond. Bonds that carry these provisions can be freely callable ...
Oppenheimer Developing Markets Fund - Vanguard
... China Region: Investing in the China region, including Hong Kong, the People’s Republic of China, and Taiwan, may be subject to greater volatility because of the social, regulatory, and political risks of that region, as well as the Chinese government’s significant level of control over China’s econ ...
... China Region: Investing in the China region, including Hong Kong, the People’s Republic of China, and Taiwan, may be subject to greater volatility because of the social, regulatory, and political risks of that region, as well as the Chinese government’s significant level of control over China’s econ ...
A Closer Look at FOP`s
... – Migrants (internal and external) sometimes fill the gap between labor supply and demand ...
... – Migrants (internal and external) sometimes fill the gap between labor supply and demand ...
Market measures of performance and value
... Investor ratios There are a number of important ratios that are used to help the investor. Some are mixed ratios in that they require access to figures both in the accounts and from market sources. The income statement and the current quoted price per share for the company provide most of the inform ...
... Investor ratios There are a number of important ratios that are used to help the investor. Some are mixed ratios in that they require access to figures both in the accounts and from market sources. The income statement and the current quoted price per share for the company provide most of the inform ...
Common Errors in DCF Models
... Finally, while some sensitivity analysis around the cost of capital can be useful, we would argue investors are much better off considering alternative scenarios for the key operating value drivers (sales growth, margins, capital intensity). Sometimes asset mispricings do show up as high discount r ...
... Finally, while some sensitivity analysis around the cost of capital can be useful, we would argue investors are much better off considering alternative scenarios for the key operating value drivers (sales growth, margins, capital intensity). Sometimes asset mispricings do show up as high discount r ...
Form 8-K - Value Line
... 19. The Company is making this special distribution from its Retained Earnings. Value Line is exceptionally strong financially, with $208,464,000 of Shareholders' Equity as of our last reporting date, January 31, 2004. "The purpose of the dividend is to return to all shareholders, in the form of cas ...
... 19. The Company is making this special distribution from its Retained Earnings. Value Line is exceptionally strong financially, with $208,464,000 of Shareholders' Equity as of our last reporting date, January 31, 2004. "The purpose of the dividend is to return to all shareholders, in the form of cas ...
The cost of capital reflects the cost of funds
... B) original purchase price minus annual depreciation expense. C) original purchase price minus accumulated depreciation. D) depreciated value plus recaptured depreciation. Table 4 Computer Disk Duplicators, Inc. has been considering several capital investment proposals for the year beginning in 2004 ...
... B) original purchase price minus annual depreciation expense. C) original purchase price minus accumulated depreciation. D) depreciated value plus recaptured depreciation. Table 4 Computer Disk Duplicators, Inc. has been considering several capital investment proposals for the year beginning in 2004 ...
Big and Small Businesses
... ◦ It can be argued that these large transnational corporate empires are the modern-day equivalent of the exploitative 19th-century colonial empires that grew out of the period of human history known as the Age of Imperialism ◦ However, the products and profits generated by multinational operations a ...
... ◦ It can be argued that these large transnational corporate empires are the modern-day equivalent of the exploitative 19th-century colonial empires that grew out of the period of human history known as the Age of Imperialism ◦ However, the products and profits generated by multinational operations a ...
Stock Valuation
... Discount estimates of free cash flow that the firm Discount will generate in the future. Use weighted average cost of capital (WACC) to discount the free cash flows. WACC: after-tax weighted average required return on all types of securities that firm issues. We have an estimate of total value of th ...
... Discount estimates of free cash flow that the firm Discount will generate in the future. Use weighted average cost of capital (WACC) to discount the free cash flows. WACC: after-tax weighted average required return on all types of securities that firm issues. We have an estimate of total value of th ...
Money and Investing - St. John the Baptist Diocesan High School
... helps channel funds from savers to borrowers. They are the link. ...
... helps channel funds from savers to borrowers. They are the link. ...
Lecture Notes
... “After we buy a stock, consequently we would not be disturbed if markets closed for a year or two. We don’t need a daily quote on our 100 percent position in See’s or H.H. Brown to validate our well being. Why, then, should we need a quote on our 7 percent interest in Coke?” ...
... “After we buy a stock, consequently we would not be disturbed if markets closed for a year or two. We don’t need a daily quote on our 100 percent position in See’s or H.H. Brown to validate our well being. Why, then, should we need a quote on our 7 percent interest in Coke?” ...
Methods for Teaching Personal Financial Literacy 7/8/13 See notes
... We are willing to pay the premium in high income states to receive a pay out in low income situations 1. Insurance 2. Diversify Insurance Activity Insurance does not eliminate the risk, but spreads it around. Most economists recommend insurance for large potential losses where you will be severely i ...
... We are willing to pay the premium in high income states to receive a pay out in low income situations 1. Insurance 2. Diversify Insurance Activity Insurance does not eliminate the risk, but spreads it around. Most economists recommend insurance for large potential losses where you will be severely i ...