Insisting on
acquiring assets at a price well below what you've assessed that asset to be worth, is your margin of safety — the cornerstone of the value investing philosophy.
The remaining 20 % -30 % in cash equivalents continues to provide value as a buffer against downside volatility, as well as serve as a storage place until it is time to
acquire assets at more attractive prices.
«From our platform with clients in the main mining jurisdictions in the world some of our overseas clients see the current situation as an opportunity for them to
acquire assets at attractive prices or secure sources of production,» said Baker & McKenzie partner Howard Burshtein in an interview.
«There are tremendous opportunities to
acquire assets at very, very attractive prices that are going to create either tremendous long - term appreciation or produce tremendous yield today — and in many cases both,» says Matt Lester, founder and president of Princeton Enterprises LLC, a real estate investment and management company based in Orchard Lake, Mich..
«Sellers and buyers benefit; the latter because they can
acquire assets at fair market value as determined by demand on the day, and there are frequently exceptionally good deals to be found.»
As this happens, investors are recalibrating their expectations for future income streams and looking to
acquire assets at reasonable prices.
Investors see opportunity emerging from a combination of factors, including the strength of the U.S. dollar and the potential abroad to
acquire assets at below replacement cost.
Not exact matches
«We have been able to
acquire it
at a valuation that gives us confidence we will grow this
asset by applying our programming expertise in a market with which we are already familiar,» CBS Chairman and Chief Executive Leslie Moonves said in a statement.
«Particularly with oil prices hitting lows
at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and
acquire assets,» Deshpande said in a phone interview.
In a statement the company said the two acquisitions delivered the company significant expenditure savings, estimating that the
assets were
acquired at approximately 8 per cent of the replacement cost.
GBH Insights believes Disney
acquiring Fox's movie and television
assets is the «right move
at the right time.
At the daily White House press briefing, Press Secretary Sarah Huckabee - Sanders tells reporters that President Trump spoke with Rupert Murdoch about the deal for Disney to
acquire Twenty - First Century Fox
assets.
Constellation's Mexican - produced beers, which it
acquired in a side deal after InBev bought the international
assets of Mexican brewer Grupo Modelo for $ 20.1 billion in 2013, are selling well and stealing market share in the U.S. Beer net sales
at Constellation jumped 13 % for the first six months of the current fiscal year, while the company's wine and spirits unit — which includes Svedka vodka and Robert Mondavi wine — posted flat sales over the same period.
When a larger company
acquires a startup, the deal can often spell the end (or
at least the neglect) of the products, licensing deals, and other
assets that made the startup successful in the first place.
National Electric Vehicle Sweden, which
acquired the
assets of Saab Auto, plans to make electric cars
at the iconic brand's Swedish factory.
They are buying
at the top end of the market, focusing on top credit tenants and top locations, and they are willing to pay aggressive cap rates to
acquire those
assets, he adds.
We seek out opportunities created by inefficient capital structures, event - driven distress and
asset - level difficulties that can be
acquired at a significant discount.
This is why we focus so much on analyzing what we own, and making sure that the dividends are safe and that the
assets we own are
acquired at an attractive value.
Businesses owned by developers and landlords that do not actively occupy the
assets acquired or improved with the loan proceeds (except when the property is leased to the business
at zero profit for the property's owners)
Comcast on Nov. 14 offered to
acquire most of Fox's
assets in an all - stock deal valued
at $ 34.41 per share, the filings said.
It requires us to recognize separately from goodwill the
assets acquired and the liabilities assumed
at their acquisition date fair values.
While we use our best estimates and assumptions to accurately value
assets acquired and liabilities assumed
at the acquisition date as well as contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement.
The acquisition - date fair value of the consideration transferred for the AlpInvest and ESG acquisitions, and the estimated fair values of the
assets acquired, liabilities assumed, and non-controlling interests
at the acquisition date for the acquisitions, are as follows:
Businesses owned by developers and landlords that do not occupy the
assets acquired or improved with the loan proceeds (except when the property is leased to the business
at zero profit for the property owners)
It requires the Company to recognize separately from goodwill the
assets acquired and the liabilities assumed
at their acquisition date fair values.
The following table summarizes the allocation of the consideration paid of approximately $ 4.8 million to the fair values of the
assets acquired and liabilities assumed
at the acquisition date (in thousands):
In August, BlackRock, the world's largest
asset manager,
acquired FutureAdvisor, a robo - advisor with more than $ 600 million in
assets under management, in a deal valued
at between $ 150 million and $ 200 million.
The pro forma financial information was prepared using the acquisition method of accounting, which requires, among other things, that
assets acquired and liabilities assumed in a business combination be recognized
at their fair values as of the completion of the acquisition.
The hip - hop mogul, whose given name is Shawn Carter, is the target of a Securities and Exchange Commission enforcement subpoena after failing to testify as part of an agency investigation of accounting practices
at Iconix Brand Group Inc., which paid $ 200 million to
acquire assets from his Rocawear apparel brand in 2007.
The Company utilized estimated fair values
at the closing date of the 2015 Merger for the preliminary allocation of consideration to the net tangible and intangible
assets acquired and liabilities assumed.
While we use our best estimates and assumptions to accurately value
assets acquired and liabilities assumed
at the acquisition date, our estimates are inherently uncertain and subject to refinement.
The key to Mr. Khoshbin's success has been his timing and talent of
acquiring the right
asset, in the right market,
at the right time.
The underwriters and their respective affiliates may also communicate independent investment recommendations, market color or trading ideas and / or publish or express independent research views in respect of such
assets, securities or instruments and may
at any time hold, or recommend to clients that they should
acquire, long and / or short positions in such
assets, securities and instruments.
At that time, we identified this undervalued
asset as being a perfect situation to deploy our modus operandi, by which we seek to
acquire undervalued
assets, nurture, guide and improve their condition and operations, and to ultimately greatly enhance value for all shareholders.
Our accounting for acquisitions involves significant judgments and estimates, including the fair value of certain forms of consideration such as our common stock, preferred stock or warrants, the fair value of
acquired intangible
assets, which involve projections of future revenues, cash flows and terminal value which are then discounted
at an estimated discount rate, the fair value of other
acquired assets and assumed liabilities, including potential contingencies, and the useful lives of the
assets.
Marathon
Asset Management LLP now owns 3,176,770 shares of the financial services provider's stock valued
at $ 138,757,000 after
acquiring an additional 28,421 shares during the last quarter.
«These are also
assets that may satisfy the emotional needs and passions of investors who are no longer comfortable putting more money into financial
assets at zero return, but who face barriers to entry in
acquiring high - value luxury items like art, or a 1955 vintage Porsche speedster or a vineyard.»
The Eagle Ford Shale - focused driller reported a 43 % increase in production over last quarter, in part because of the addition of its Comanche
assets, which it
acquired from Anadarko Petroleum (NYSE: APC)
at the beginning of March.
Flatt also chairs Brookfield's Investment Committee, whose investment approach is to
acquire high - quality
assets at less than replacement cost by looking for opportunities in regions and sectors during periods of financial upheaval or operational challenge.
Prior to joining Oberon, Frank had been a senior principal
at several
asset management firms, including the Fairstream Fund, a global fund acquired by Nikko Asset Management in
asset management firms, including the Fairstream Fund, a global fund
acquired by Nikko
Asset Management in
Asset Management in 2008.
Later working in investment banking
at Goldman Sachs and
asset management
at Deutsche Bank, Barbara Ann
acquired a robust grasp of private market valuation that she went on to leverage
at Holowesko Partners for nearly a decade, helping the hedge fund grow to several billion in AUM with her focus on special situations and takeout candidates.
The new investors in the fund, Coller Capital of London and Goldman Sachs
Asset Management of New York, are
acquiring their stakes
at a 27.5 % discount from the fund's already depressed value as of March 31.
Acquisition announcements in the current climate are welcome events for shareholders of
acquiring companies, said Jason Dahl, a portfolio manager
at First Eagle
Asset Management.
Under the
asset purchase agreement for the acquisition of the Node40 Business (the «APA»), HashChain has
acquired the NODE40 Business for a purchase price comprised of US$ 8,000,000 in cash, payable as to US$ 4,000,000
at closing (subject to a closing adjustment provision), and US$ 2,000,000 on each of 180 days and one year following the closing date, and a total of 3,144,134 common shares in the capital of HashChain («Shares»), to be issued in the following amounts and on the following dates (each, an «Issue Date»): (i) 1,800,000 Shares on the closing date, (ii) 700,247 Shares on the date that is 180 days following the closing date; and (iii) 643,887 Shares on the one - year anniversary of the closing date, subject to NODE40s option to receive cash in lieu of up to 30 % of the shares issuable pursuant to (ii) and (iii) above to a maximum of $ 600,000 USD for (ii) and $ 600,000 USD for (iii) above.
The hip - hop mogul is the target of a SEC enforcement subpoena after failing to testify as part of an agency investigation of accounting practices
at Iconix Brand Group Inc., which paid $ 200 M to
acquire assets from his Rocawear apparel brand in 2007.
* The Advisor has contractually agreed to defer its investment advisory fees and / or absorb or reimburse Fund expenses until
at least November 1, 2018 to the extent necessary to limit the Fund's annual ordinary operating expenses (excluding
acquired fund fees and expenses) to an amount not exceeding 1.13 % annually of the Fund's average daily net
assets.
For example, although merger control rules are often based on turnover thresholds or combined
assets, in some jurisdictions the overall sales of the selling or buying group are looked
at, and not just sales relating to the
acquired business.
This would be akin to WCW putting WWE out of business,
acquiring all of its
assets, and then holding WrestleMania
at the old Meadowlands Arena in East Rutherford, New Jersey on a Saturday afternoon in March.
While I understand it will annoy the fans who have paid to see the current team, in almost every sport the system is set up to vastly favor a team that tanks in terms of getting back to respectability (or
at least to
acquire the
assets that can get a team there, whether or not they're capable enough to use them is another question).
The Utah Jazz has found two cornerstones in Rudy Gobert and Donovan Mitchell — thank you, Denver — and it would makes sense that they'd go full speed
at a chance to either
acquire the third piece to that foundation or an
asset like a draft pick that could help them build around that foundation.