No way, this company may have more cash at
hand than its market value, but it also has $ 2M in debt.
Not exact matches
CEO Kotick said in a statement, «We should emerge even stronger — an independent company with a best - in - class franchise portfolio and the focus and flexibility to drive long - term shareholder
value and expand our leadership position as one of the world's most important entertainment companies... The transactions announced today will allow us to take advantage of attractive financing
markets while still retaining more
than US$ 3 billion cash on
hand to preserve financial stability.»
Time for some brutal honesty... this team, as it stands, is in no better position to compete next season
than they were 12 months ago, minus the fact that some fans have been easily snowed by the acquisition of Lacazette, the free transfer LB and the release of Sanogo... if you look at the facts carefully you will see a team that still has far more questions
than answers... to better show what I mean by this statement I will briefly discuss the current state of affairs on a position - by - position basis... in goal we have 4 potential candidates, but in reality we have only 1 option with any real future and somehow he's the only one we have actively tried to get rid of for years because he and his father were a little too involved on social media and he got caught smoking (funny how people still defend Wiltshire under the same and far worse circumstances)... you would think we would want to keep any goaltender that Juventus had interest in, as they seem to have a pretty good history when it comes to that position... as far as the defenders on our current roster there are only a few individuals whom have the skill and / or youth worthy of our time and / or investment, as such we should get rid of anyone who doesn't meet those simple requirements, which means we should get rid of DeBouchy, Gibbs, Gabriel, Mertz and loan out Chambers to see if last seasons foray with Middlesborough was an anomaly or a prediction of things to come... some fans have lamented wildly about the return of Mertz to the starting lineup due to his FA Cup performance but these sort of pie in the sky meanderings are indicative of what's wrong with this club and it's wishy - washy fan - base... in addition to these moves the club should aggressively pursue the acquisition of dominant and mobile CB to stabilize an all too fragile defensive group that has self - destructed on numerous occasions over the past 5 seasons... moving forward and building on our need to re-establish our once dominant presence throughout the middle of the park we need to target a CDM then do whatever it takes to get that player into the fold without any of the usual nickel and diming we have become famous for (this kind of ruthless haggling has cost us numerous special players and certainly can't help make the player in question feel good about the way their future potential employer feels about them)... in order for us to become dominant again we need to be strong up the middle again from Goalkeeper to CB to DM to ACM to striker, like we did in our most glorious years before and during Wenger's reign... with this in mind, if we want Ozil to be that dominant attacking midfielder we can't keep leaving him exposed to constant ridicule about his lack of defensive prowess and provide him with the proper players in the final third... he was never a good defensive player in Real or with the German National squad and they certainly didn't suffer as a result of his presence on the pitch... as for the rest of the midfield the blame falls squarely in the
hands of Wenger and Gazidis, the fact that Ramsey, Ox, Sanchez and even Ozil were allowed to regularly start when none of the aforementioned had more
than a year left under contract is criminal for a club of this size and financial might... the fact that we could find money for Walcott and Xhaka, who weren't even guaranteed starters, means that our whole business model needs a complete overhaul... for me it's time to get rid of some serious deadweight, even if it means selling them below what you believe their
market value is just to simply right this ship and change the stagnant culture that currently exists... this means saying goodbye to Wiltshire, Elneny, Carzola, Walcott and Ramsey... everyone, minus Elneny, have spent just as much time on the training table as on the field of play, which would be manageable if they weren't so inconsistent from a performance standpoint (excluding Carzola, who is like the recent version of Rosicky — too bad, both will be deeply missed)... in their places we need to bring in some proven performers with no history of injuries... up front, although I do like the possibilities that a player like Lacazette presents, the fact that we had to wait so many years to acquire some true quality at the striker position falls once again squarely at the feet of Wenger... this issue highlights the ultimate scam being perpetrated by this club since the arrival of Kroenke: pretend your a small
market club when it comes to making purchases but milk your fans like a big
market club when it comes to ticket prices and merchandising... I believe the reason why Wenger hasn't pursued someone of Henry's quality, minus a fairly inexpensive RVP, was that he knew that they would demand players of a similar ilk to be brought on board and that wasn't possible when the business model was that of a «selling» club... does it really make sense that we could only make a cheeky bid for Suarez, or that we couldn't get Higuain over the line when he was being offered up for half the price he eventually went to Juve for, or that we've only paid any interest to strikers who were clearly not going to press their current teams to let them go to Arsenal like Benzema or Cavani... just part of the facade that finally came crashing down when Sanchez finally called their bluff... the fact remains that no one wants to win more
than Sanchez, including Wenger, and although I don't agree with everything that he has done off the field, I would much rather have Alexis front and center
than a manager who has clearly bought into the Kroenke model in large part due to the fact that his enormous ego suggests that only he could accomplish great things without breaking the bank... unfortunately that isn't possible anymore as the game has changed quite dramatically in the last 15 years, which has left a largely complacent and complicit Wenger on the outside looking in... so don't blame those players who demanded more and were left wanting... don't blame those fans who have tried desperately to raise awareness for several years when cracks began to appear... place the blame at the feet of those who were well aware all along of the potential pitfalls of just such a plan but continued to follow it even when it was no longer a financial necessity, like it ever really was...
On the other
hand, when you make a decision to price something substantially higher
than comparable products in the
market, you begin to think about
value.
Value factor investing tends to have more concentrated style exposure and stronger factor weighting than the average active value fund or market cap - weighted value index, residing on the far left - hand side of that Morningstar style
Value factor investing tends to have more concentrated style exposure and stronger factor weighting
than the average active
value fund or market cap - weighted value index, residing on the far left - hand side of that Morningstar style
value fund or
market cap - weighted
value index, residing on the far left - hand side of that Morningstar style
value index, residing on the far left -
hand side of that Morningstar style box.
On the other
hand, there is nothing a
value investor likes better
than finding a great business that the
market is punishing unjustly.
Actually I did forget one thing, partly because I didn't have the new 10K to
hand as I was finishing this article — if you look at Note M, ASFI estimates the fair
value of their receivables at $ 20 mio higher
than their carrying
value — another confirmation of their conservative accounting, and another v significant positive in light of their current
market cap.
They'll glare at the neighbour's cat rather
than look in the mirror, while rubbing their
hands together at how much their house has appreciated in
value, content to believe it had everything to do with their hard work and nothing to do with an artificial, criminally inflated
market.
On the other
hand, if you're able to use your creative mind to offer somethingon fivrr that would be fun, easy, and related somehow to the work you really love to do (rather
than something that feels trivial) then it could be a stream of income to test ideas, practice sketching out quirky concepts, and as Chris said above, «create
value, relationships or a portfolio that will build over time», selling work on fivrr / or donating work to silent auctions for organizations you believe in could complement a proactive artist's other
marketing efforts.
It's important we have thought about this before
hand because ask to much and it will put you out of the running, ask too little and it may make them employer believe you aren't as qualified as they may think, or you might get less
than your
market value.
On the other
hand, appraisals are showing higher
values than homeowners expected in some of the hottest housing
markets, many of those on the West Coast.
Because of the wide divergence of
values produced via due process by appraisers of dubious
hands - on feeling for the
market or for
value other
than that which they could only produce via number crunching via approved methods without any experiential, common - sense «feel» for the
value of real estate.
Rather
than throw up its
hands, San Francisco is developing a model for supporting affordable housing while also getting
market value for the properties.