Not exact matches
In 50 %
of the cases, private
equity owners wind up changing
out the CEO during the course
of the
holding period.
Most companies were able to
hold out through the price troughs
of 2015, Jefferies
equity analyst Jason Gammel said, but 2016 could set the backdrop for further acquisitions by year - end.
The relationship between homeownership and wealth
held true even in the years surrounding the mortgage crisis, which wiped
out trillions
of dollars in home
equity and caused over 4 million Americans to lose their homes, researchers for Harvard University's Joint Center for Housing Studies found.
All told, losses in Berkshire Hathaway's
equity holdings could reach nearly $ 7 billion, which on a portfolio
of $ 128 billion as
of March 31, works
out to a loss
of about 5.4 %.
After all, the currency fueling much
of the deal - making — those companies» inflated
equity valuations — is now depressed, and acquisition targets may prefer to
hold out for a higher price.
It doesn't offer much for startups without a product, nor does it
hold out any promise
of equity funding.
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The deadline for complying with one aspect
of the Volcker Rule — selling off private
equity and hedge fund
holdings — was extended to 2017 from 2015, and the swaps push -
out rule, better known as the Lincoln Amendment, was repealed.
On the contrary, some
of the most explosive upside moves occur when the first breakout attempt fails, but the
equity subsequently breaks
out and
hold.
If the FDIC had authority over insolvent non-bank financials and bank
holding companies, it could wipe
out equity and an appropriate amount
of bondholder capital, and sell the fully - functioning residual to an acquirer, as is typically done with failing banks, without any loss to depositors or customers.
The idea is that you want to
hold enough stocks to earn the returns you'll need to grow your nest egg over the long - term, but also enough in bonds to provide some downside protection so you don't bail
out of equities in a severe downturn.
As noted, for ESOPs in closely
held companies this is not an issue since, typically, the entire company is being sold to the employees, and managers and the exiting owner are not focused on the dilution
of the majority shareholder since that shareholder desires to cash
out its majority
equity.
«Berkshire has access to two low - cost, non-perilous sources
of leverage that allow us to safely own far more assets than our
equity capital alone would permit: deferred taxes and «float,» the funds
of others that our insurance business
holds because it receives premiums before needing to pay
out losses»
Lion has also got
out of wine last year, selling its premium wine business Fine Wine Partners — which
held the brands Petaluma, Croser and St Hallett among others — to Accolade Wines, which is owned by CHAMP Private
Equity.
The Republicans have passed nine stand alone bills in lieu
of the full act, leaving
out the abortion piece, leading the Democrats to accuse them
of «
holding hostage» the other proposals, including pay
equity and cracking down on sex trafficking.
ESSA has provisions in place to
hold states accountable for monitoring educational
equity, and the act requires schools to disclose the number
of low income students and students
of color that are placed into classrooms with «ineffective,
out -
of - field, and inexperienced teachers.»
You have reduced the risk in your portfolio by selling down some
of your
equity holdings, and you are now looking to build
out a bond ladder for future income needs.
The deadline for complying with one aspect
of the Volcker Rule — selling off private
equity and hedge fund
holdings — was extended to 2017 from 2015, and the swaps push -
out rule, better known as the Lincoln Amendment, was repealed.
The book and subsequent articles point
out precisely the opposite: when you bought the house in the first place you did leverage, because you had no
equity to balance the loan; your lender had the strangle
hold on your ownership
of the property.
In our recent white paper, Asset Location for Taxable Investors, Justin Bender and I argue that most investors are better off keeping their bonds in an RRSP, while
equities should be
held in a taxable account (assuming,
of course, that all registered accounts have been maxed
out).
Doing the math, Pabrai seems likely to
hold around 11 - 12 positions, which is still fairly concentrated, although provides some diversification
out of equity specific risk (non market risk) and makes «riskier» bets a smaller proportion
of his portfolio.
The idea is that you want to
hold enough stocks to earn the returns you'll need to grow your nest egg over the long - term, but also enough in bonds to provide some downside protection so you don't bail
out of equities in a severe downturn.
That is, perhaps you have x % in
equities, split among a variety
of holdings, and you are generally keeping an eye
out for new opportunities, so that when a stock become really attractive, you will sell your least attractive (from a future returns perspective)
holding in order to fund the new purchase.
The
Equity Index ETF's started the week in consolidation but by the end
of the week they were moving higher, with the QQQ leading the charge
out of consolidation and the SPY following, but the IWM stubbornly
holding at the top
of consolidation.
Later I found
out the these two companies were deliberately
holding back checks from deposit to marr thier credit rating and charge late fees on 1st mortgages, and
Equity lines
of credit.
• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most
of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are
held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 %
of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start
of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take
equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 %
of the value
of homes, compared with 55 % in the U.S.
Even though preferred stock pays
out regular cash income, it does not promise the return
of the investment principal like a corporate bond, as the company intends to
hold the investment as
equity capital.
My view is that there are a small number
of greedy players that
hold most
of the credit risk from subprime mortgages, and that their ultimate owners have enough capacity to bear losses that there is no significant contagion risk to the debt and
equity markets, even if some players are wiped
out, and the banks take modest losses.
There are two schools
of thought on currency hedging: one
holds that currency fluctuations «cancel
out» for a long - term investor and the other
holds that currency fluctuations have a significant effect on
equity performance and should be hedged away.
«Berkshire has access to two low - cost, non-perilous sources
of leverage that allow us to safely own far more assets than our
equity capital alone would permit: deferred taxes and «float,» the funds
of others that our insurance business
holds because it receives premiums before needing to pay
out losses.
When deciding whether to invest in
equities, and how much you can allocate to them, on top
of your time horizon is the matter
of risk tolerance: your ability to receive a statement from your financial institution showing that the value
of your investments had been cut in half, and to not panic or lose sleep at night — or worse yet, log in to your account and sell all
of your
holdings out of fear or disgust.
Currently I
hold followings mutual funds: • Reliance Tax Saver (ELSS): Invested during 2007 - 10 via SIP: 50k now worth ~ 1.6 Lakhs • SBI Magnum Tax Saving (ELSS): Invested during 2007 - 10 via SIP; 72k now worth ~ 1.6 L • Franklin India Bluechip: Invested during 2010 - 14 via SIP; Total worth ~ 80K • DSP Blackrock Top 100: Invested during 2010 - 14 via SIP; Total worth ~ 70K • HDFC Top 200; Invested during 2009 - 14; Now worth ~ 85k • HDFC Mid-Cap Opportunities: Invested during 2010 - 16, still 2k SIP is on; Total worth ~ 1.5 L • Reliance Banking: Invested during 2010 - 15; total worth ~ 90K • Reliance
Equity Opportunity: Invested during 2009 - 13; Now worth ~ 45k
Out of all above, I am continuously investing in HDFC Mid-Cap Opportunity Fund.
Holding equity in your RRSP is volunteering to be taxed at a higher rate, since every dollar that comes
out of the account is going to be taxed as regular income.
Maybe, maybe not but if you do some
of the math it might be better to
hold off pulling every bit
of equity out of your home to spend on other things.
«The trend is clearly taking
hold in the $ 1 billion - plus marketplace, but in the smaller end
of the marketplace, they haven't figured
out consolidation — for example how to take five
equity managers and combine them into one solution.»
Critics also pointed
out that Obama's first plan had a conflict
of interest, because many mortgage loans are serviced by big banks that also
hold home
equity loans.
I think mutual funds
holding Canadian
equities are one
of the biggest scams
out there.
Francesca's
Holding and CCMP — Obtained dismissal
of securities class action and derivative litigations against Francesca's and its former private
equity owner arising
out of disclosures concerning Francesca's sales and earnings projections.
Significant matters / transactions include: Advised Xstrata South Africa (Proprietary) Limited on its offer to purchase Lonmin plc's entire issued share capital, # 5 billion Advised Telkom SA Limited on its unbundling
of a 35 % stake in Vodacom Group (Proprietary) Limited, R35 billion Advised Edgars Consolidated Stores Limited on its acquisition by Bain Capital, R25, 5 billion Advised The Standard Bank
of South Africa Limited and FirstRand Bank Limited (acting through its Rand Merchant Bank division) on the introduction
of BEE
equity participation in Sasol Limited and their arranging financing therefore, R25, 4 billion Advised FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Nedbank Limited (acting through its Nedbank Capital division) as lenders to Richards Bay Titanium (Proprietary) Limited and Richards Bay Mining (Proprietary) Limited, R19 billion Advised Citibank N.A. on a bridge loan granted to Turquoise Moon Trading 427 (Proprietary) Limited by Citibank N.A. and JP Morgan Chase, R10 billion Advised British American Tobacco plc on its secondary listing on the JSE, R550 billion Advised Pioneer Foods Limited on its listing on the JSE Securities Exchange, R6 billion Advised the South African National Roads Agency Limited in respect of the Gauteng Freeway Improvement Project involving the construction and upgrade of the Gauteng freeway and the procurement of an open road tolling system, R44 billion Advised Absa Bank Limited (acting though its Absa Capital division), FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Vunani Capital (as co-lead arrangers) and the South Africa National Roads Agency Limited (as issuer) on the establishment of its South African Guaranteed Domestic Medium Term Note Programme and the subsequent issue of notes thereunder, R32 billion Advised Shoprite Checkers (Proprietary) Limited on the proposed Brait Private Equity private equity buy - out (this did not proceed), R12 billion Advised Reclamation Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Gove
equity participation in Sasol Limited and their arranging financing therefore, R25, 4 billion Advised FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Nedbank Limited (acting through its Nedbank Capital division) as lenders to Richards Bay Titanium (Proprietary) Limited and Richards Bay Mining (Proprietary) Limited, R19 billion Advised Citibank N.A. on a bridge loan granted to Turquoise Moon Trading 427 (Proprietary) Limited by Citibank N.A. and JP Morgan Chase, R10 billion Advised British American Tobacco plc on its secondary listing on the JSE, R550 billion Advised Pioneer Foods Limited on its listing on the JSE Securities Exchange, R6 billion Advised the South African National Roads Agency Limited in respect
of the Gauteng Freeway Improvement Project involving the construction and upgrade
of the Gauteng freeway and the procurement
of an open road tolling system, R44 billion Advised Absa Bank Limited (acting though its Absa Capital division), FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Vunani Capital (as co-lead arrangers) and the South Africa National Roads Agency Limited (as issuer) on the establishment
of its South African Guaranteed Domestic Medium Term Note Programme and the subsequent issue
of notes thereunder, R32 billion Advised Shoprite Checkers (Proprietary) Limited on the proposed Brait Private
Equity private equity buy - out (this did not proceed), R12 billion Advised Reclamation Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Gove
Equity private
equity buy - out (this did not proceed), R12 billion Advised Reclamation Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Gove
equity buy -
out (this did not proceed), R12 billion Advised Reclamation
Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private
Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Gove
Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited
of a 20 %
equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Gove
equity stake in Reclamation
Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Government
For many (and especially for the more traditional
equities investors), buying and
holding bitcoin, ICO tokens or any other form
of cryptocurrency is still
out of reach from a technical knowledge and security standpoint.
It's quite possible you do nt feel that way so maybe I should ask... If you felt the market was peaking would you sell or exchange to capture that
equity / appreciation and build up or are you going to
hold out for 20 + yrs worth
of equity?
The REI also has the ability
of offer to buy
out whatever
equity stake is
held by the consultant at any time for a value equal to or greater than the original value
of the OPTION.
The $ 26 billion leveraged buyout
of Hilton Worldwide
Holdings (HLT.N), carried
out jointly by Blackstone's real estate and private
equity funds in 2007, ended up being the most profitable deal in the firm's history.