Sentences with phrase «at that valuation where»

It may seem implausible that stocks could have gone this long with near - zero returns, and yet still be at valuations where other secular bear markets have started — but that is the unfortunate result of the extreme valuations that stocks achieved in 2000.

You look at that valuation where it's at right now, compared to where it was a few years ago; it's not like half the business disappeared.

Not exact matches

On what the bull market needs to stay alive: «I think you need a catalyst because valuations are at the point now where, in my opinion, where it's going to be difficult to get sustainable earnings growth without capital spending,» said Trennert.

AngelList, a popular online platform where investors and startups connect, has reportedly raised $ 24 million at a valuation of approximately $ 150 million.

Kostin also outlined three strategies: Secular growth, or companies where sales growth is expected to rise at least 10 percent for multiple years without high valuations; firms that are investing in capital expenditures and research and development; and companies with a strong chance to be acquired.

So where do NASDAQ Comp valuation levels sit at 5,000, and what do you get for your money?

«I define a bubble as something where assets have prices that can not be justified with any reasonable assumption,» says Jay Ritter, a professor of finance at the University of Florida's Warrington College of Business Administration who studies valuation and IPOs.

The young entrepreneur graduated from the University of British Columbia with a bachelor of commerce degree at age 19 and headed to Deloitte & Touche where he worked in the corporate finance department, performing business valuations and merger and acquisition support services.

Once you have accepted a dirty offering, the payout at each potential future valuation requires a complex analysis, where the return for the Shark is calculated first, and then the remains are shared by everyone else.

If you believe the outlook will make funding more difficult (in time and price) you owe it to yourself to keep your burn rate in check so you can last longer until you need money and either «grow into your valuation» or at least get through a period of time where raising capital is more difficult

The other thing I look at is where the company is, and what they are asking for both in terms of total money to raise and valuation?

Still, even in an environment where the market trades in a range of high valuation, it is appropriate to hedge exposure to risk at points where conditions are overvalued, overbought, and overbullish, and to establish more constructive exposure when conditions are overvalued, but oversold on a short - term basis (provided that the broad tone of market action still indicates a general willingness of investors to speculate).

At Berkshire Hathaway's recent annual shareholders meeting, an investor asked Buffett about the relevance of two popular measures of stock market value: 1) market cap - to - GDP, which Buffett once heralded as «probably the best single measure of where valuations stand at any given moment» and 2) the cyclically - adjusted price - earnings ratio (CAPE), which was made famous by Nobel prize winner Robert Shiller and was seen as accurately predicting the dot - com bubble and the housing bubblAt Berkshire Hathaway's recent annual shareholders meeting, an investor asked Buffett about the relevance of two popular measures of stock market value: 1) market cap - to - GDP, which Buffett once heralded as «probably the best single measure of where valuations stand at any given moment» and 2) the cyclically - adjusted price - earnings ratio (CAPE), which was made famous by Nobel prize winner Robert Shiller and was seen as accurately predicting the dot - com bubble and the housing bubblat any given moment» and 2) the cyclically - adjusted price - earnings ratio (CAPE), which was made famous by Nobel prize winner Robert Shiller and was seen as accurately predicting the dot - com bubble and the housing bubble.

One instance where transferring your Marriott Rewards to Starpoints would give you good valuation is for reward nights at low - tier hotels.

To be honest, I tried to be generous in my valuation to see where it could get as my original calculations were giving me a fair value at $ 80....

That's the point where the «autocorrelation» of valuations (the correlation between valuations at one point in time and valuations at another point in time) typically hits zero.

A decline much more than 2 % below that average could provoke coordinated exit attempts by trend - followers, at valuations nowhere near the point where value - conscious investors would be eager to absorb those shares.»

So rounds tend to be «range bound» where prices at the top end of the valuation spectrum often being done in boom markets (i.e. 2007, 2011) and for the hottest of companies test the top end of the range, and in bad markets for fund raising (2003, 2008) test the bottom end of the range.

While we prefer to compare market capitalization with corporate gross value added, including estimated foreign revenues, the following chart provides a longer historical perspective of where reliable valuation measures stand at present.

Valuation wise they are now at a level where I would expect to earn around 16 - 17 % p.a. long term which looks atractive to me despite potential short term head winds.

Using private market valuations that were available at the time for Gannett's high quality TV stations and marking to market the company's investments in CareerBuilder and other internet companies, an investor could have concluded that those assets alone where worth north of $ 11 a share at the time.

«I'm basically doing time arbitrage - finding companies where economic, industry or company - specific disappointments prompt short - term investors to sell me their shares at compelling absolute valuations based on what I consider normal longer - term earnings power» Whitney George

Though it's impossible to say where the multiple will be at any given time — valuations are more volatile than trend earnings — 16.5 is an ordinary market multiple (i.e. roughly fair value for the S&P 500).

The YC documents are probably fine in situations where the investor (i) wishes to purchase equity rather than convertible debt, (ii) is otherwise somewhat indifferent on terms other than percentage ownership of the company, liquidation preference and right of first offer in future financings, (iii) is investing at a fairly low valuation (i.e. a couple of million dollars), and (iv) is only investing a small amount (i.e. a couple hundred thousand dollars or less).

Oh and before I forget, below is the link talked about during the video where I talk about valuations being at all - time highs since 1900, if you wanted to read this and gain more context.

Prior to joining Oberon, Kurt was a Managing Director at Bryant Park Capital's New York office where he executed over 20 engagements totaling over $ 1 billion in transaction value, including buy - side and sell - side M&A, corporate valuations, and private placements of debt and equity.

A diversified portfolio purchased at good valuations, with companies where earnings are growing, dividends are growing, and the payout ratio is not going up, is probably the thing that would be very helpful.

I am an Adjunct Professor at Management Development Institute, Gurgaon where I teach a popular paper on Behavioral Finance and Business Valuation (BFBV).

Interestingly, if over the course of the forecast horizon, they go up and then revert back to where they are today, the effect on the return will actually be negative, because there will be no net change in valuation, but some of the ensuing dividends will have been reinvested at higher valuations than those available today.

I believe it's fair to say that as we look at a world where very few asset classes globally have produced positive nominal returns year - to - date, and a world where US corporate earnings and economic growth have been tepid at best, increasingly ascending US equity valuations connote incremental capital concentration.

Once valuations are rich and our broad return / risk estimates are negative, our willingness to accept market risk generally requires a window with two exits — one below, at the point where the trend - following measures deteriorate, and one above, at the point where overvalued, overbought, overbullish conditions emerge.

To be sure, not surprisingly, market peaks in the higher inflation, higher rate environment of the late 1960s to the mid-1980s tended to occur at a lower valuation, not far from where we are today.

It's part of a larger pattern of mismanaging player - assets so conspicuously that you're forced to offload them for less than market value — at the end of the day, a professional team is a group of assets, and a huge part of managing a team is doing what you can to increase the market valuation of those assets — and that's where I call this «vendetta» and not «style,» because even a disciplinarian could offer little carrots like, y ’ know, an absolutely deserved All - Star nod (at ZERO cost to himself or the club) but instead chose to publicly flip his most gifted player the bird.

«Even in growth - land the valuations are high and fundamentals are at the point where things are not really getting better anymore.»

The latitude for a constructive position at present valuations would lie between the point where our measures of market action improve and the point where an overvalued, overbought, overbullish syndrome reasserts itself.

Essentially, a secular bull period comprises several cyclical bull - bear cycles, where each bull market achieves a successively higher level of market valuation at its peak.

From that standpoint, there's no chance that the 2009 low was the beginning of a secular bull, both because valuations weren't nearly low enough (prospective 10 - year returns briefly exceeded 10 % annually, but were nowhere close to those accompanying the beginning of previous secular bulls), and also because at present, valuations are already about the point where one would look for a secular bear to start.

If this type of option is completely off the table, you're basically just left with a situation where it's your negotiation skills vs the remaining manager, and that (assuming you have little to no regard for anything but making the most money from the deal), becomes much more like a poker game of trying to work out which valuation metrics they will be responsive too, what weaknesses you feel they have and hammering away at them as hard as possible while trying to not show any of your own weaknesses.

To be sure, not surprisingly, market peaks in the higher inflation, higher rate environment of the late 1960s to the mid-1980s tended to occur at a lower valuation, not far from where we are today.

An average bear market within a «secular» bear market period (a period generally about 17 - 18 years, where valuations begin at rich levels and achieve progressively lower levels over the course of 3 - 4 separate bull - bear cycles) is about 39 %, and wipes out about 80 % of the preceding bull market advance.

In 2001, the Oracle of Omaha dubbed it as ``... the best single measure of where valuations stand at any given moment.»

The following chart (from Too Little to Lock In) provides a view of the sort of valuations we typically see at the beginning of secular bull market advances, versus where we are at present.

Where were the Peer Review Teams to approve quality research showing the holes in the Buy - and - Hold Model (Wade Pfau's research showing the superiority of Valuation - Informed Indexing over Buy - and - Hold was rejected by two journals before finding a home at a journal he characterized as solid but as something less than one of the most influential journals in the field)?

Source: Schroders * as at 15/11/2017 based on constituents of the Thomson Reuters Global Focus Convertible Bond Index (* reflects our bespoke valuation model where 0 is fair value).

If you do the thought experiment where valuations etc. remain identical but (say) someone turns up at the NYSE and drops $ 1.5 T in a helicopter to take MSFT, AAPL, XOM, IBM private then there goes $ 1.5 T from one side of the ratio.

Ask what your normal allocation to each would be, and then look at valuations, and adjust to where there is relative advantage.

Experts compare stock valuations to figureout where the business should be trading at.

We'll start with the fact that there is [sic] essentially four kinds of penny stock companies in the Pump & Dump world: (1) the kind where the management is in on the scam and is directly knowledgeable and complicit with the intent to deceive the public; (2) the kind where some poor schmoe has a great idea (at least he thinks it is) that requires financing, and becomes the mark of a parasitic «funder» who makes all kinds of promises of unlimited monies and riches beyond the mark's wildest dream; (3) the kind where the company is absolutely for real but the shares have been hyped (sometimes hijacked) into ridiculous valuations; and, (4) a hijacked empty and inactive shell.

Moreover, this is also the phase where they make the most money for their shareholders in the shortest period of time, and if the principle of valuation is adhered to, at very reasonable levels of risk.

Those differences are informative, because they highlight points where market valuations — instead of normalizing — reached historic extremes at the end of the 10 - year projection horizon (1974, 1998 - 2000 and 2015, respectively).