Sentences with phrase «in underlying business»

Farrer & Co's private client department therefore put in place a number of solutions, such as the creation of a private trust company to act as a trustee to all the family trusts and to help consolidate the shareholdings in the underlying business.
The return on investment depends on a corporate act — board - level action like a merger, takeover, liquidation, spin - off, or similar — rather than an improvement in the underlying business.
No, stocks are certificates of ownership in an underlying business.
The liquidity risk I've exposed myself to is significant and I wouldn't have purchased these securities if I wasn't confident in the underlying business, their cashflows, credit ratings or business models.
A lot of the growth in the underlying business has to first go to offsetting this multiple contraction before you can start profiting from it.
They take many forms, but each possesses three defining characteristics: First, the return on investment depends on a corporate act — board - level action like a merger, takeover, liquidation, spin - off, or similar — rather than an improvement in the underlying business.
I also think that the overseas profit numbers (a significant chunk of their revenues) have taken a beating because of the higher dollar, and not because of systemic weakness in the underlying business.
This is important to remember as a value investor, as the stocks we invest in usually have problems, often significant problems in the underlying business.
My guess is that it's an example of mean reversion in the underlying business.
As we saw during the global financial crisis, even the United States — considered the world's deepest, fairest, most liquid, best - regulated market — is prone to extreme price swings far exceeding any lasting changes in underlying business value.
And so it is with stocks; when you have confidence in the underlying business through a detailed assessment of the company, you're far more likely to act rationally when others are fleeing.
Unfortunately, most of these internet startups eventually went bust due to major oversights in their underlying business plans, such as a lack of sustainable revenue.
Maple Leaf says positive trends and performance in its underlying business were offset by market conditions in pork markets which were materially below a year ago.
Bank of America (bac) and Goldman Sachs (gs) became the latest banks to report better - than - expected profits for the second quarter, despite mixed fortunes in their underlying businesses.
I was recently listening to a personal - finance commentator on the radio (I think it may have been Rob Black), and he seemed to find appeal only in stocks that had international exposure in their underlying businesses.
The behavior of stock prices has nothing to do with their legal / financial / economic status as ownership interests in underlying businesses.
Are stocks pieces of paper to be endlessly traded back and forth, or are they proportional interests in underlying businesses?

Not exact matches

In theory the funds provide managerial expertise, improve the underlying businesses, and cash out — usually within three to six years.
Suni Harford joined UBS Asset Management as head of investments in July 2017 and is responsible for driving the investments business forward, working closely with the heads of the underlying investment areas.
Today, any employee can use analytics to make data - driven decisions that directly address his or her business problems without having to worry about the underlying technology or needing an in - house data scientist with specialty skills in analytics.
«For the first 20 years of being in business, I had an underlying feeling that other people knew more than me.
We believe that adjusted diluted net income per share, adjusted net income, adjusted operating income, adjusted operating income margin and adjusted EBITDA are useful measures for investors to review, because they provide a consistent measure of the underlying financial results of our ongoing business and, in our management's view, allow for a supplemental comparison against historical results and expectations for future performance.
We report our financial results in accordance with GAAP, but believe that certain non-GAAP financial measures provide useful supplemental information to investors regarding the underlying business trends and performance of our ongoing operations and are useful for period - over-period comparisons of those operations.
I am particularly pleased to see the underlying growth that we anticipated in our SES Networks business coming through, fuelled by strong performance in our aeronautical Mobility and Government business segments.
Government underlying revenue grew by 13.0 % in Q1 2018, compared with Q1 2017, driven by strong growth in both the U.S. and Global Government business.
The four conglomerates originated in different sectors, but their underlying business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources to finance prodigious growth plans; invest as aggressively as possible in stock and property overseas as a hedge against slower growth in China and the risk of a weaker Chinese currency.
While management believes that these non-GAAP adjusted financial measures provide useful supplemental information to investors regarding the underlying performance of the company's business operations, investors are reminded to consider these non-GAAP measures in addition to, and not as a substitute for, financial performance measures prepared in accordance with GAAP.
But as opposing experts (and a small army of writers) feud over the issue here in the United States, across the pond several top universities are eliminating the underlying logic of the argument by creating programs to help budding business owners get their start - up dreams off the ground — while they get their degrees.
In fact, in my own businesses I would never consider using anything other than the free cash flow formula because it more accurately indicates the underlying economic condition of a business or asseIn fact, in my own businesses I would never consider using anything other than the free cash flow formula because it more accurately indicates the underlying economic condition of a business or assein my own businesses I would never consider using anything other than the free cash flow formula because it more accurately indicates the underlying economic condition of a business or asset.
When it comes to penny stocks, a company's underlying business is even more important than it is in exchange - traded stocks.
«We must tackle the underlying causes of deteriorating liquidity and the financing in venture markets soon,» says Russell, «or run the risk of losing the best source of capital to grow small - and medium - sized Canadian businesses into globally competitive enterprises that drive job creation, innovation and economic growth.»
2 The percentage change has been calculated using actual exchange rates in use during the comparative prior year period to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure.
* SMITH & NEPHOW: Smith & Nephew, Europe's biggest artificial hip and knee maker, downgraded its forecast for full - year underlying revenue growth and profit margin after some markets softened and it saw a slowdown in its bioactives business in the first quarter.
The profit illusion created by Jarden's corporate strategy has driven shares up over 230 % in the past five years, to the point where the company's underlying business simply can not justify the share price.
What I am interested in is acquiring as much ownership as I can in a broad collection of wonderful businesses; firms that reward me, my husband, and our family with our share of the sales and profits from the underlying productive enterprise.
Kemper believes the underlying combined ratio is useful to investors and is used by management to reveal the trends in Kemper's property and casualty insurance businesses that may be obscured by catastrophe losses and prior - year reserve development.
We believe it is useful to exclude non-cash charges, such as depreciation and amortization and share - based compensation expenses, from our Adjusted EBITDA because the amount of such expenses in any specific period may not directly correlate to the underlying performance of our business operations.
I was kind of like I said interested in gambling or at least speculating or figuring things out and then taking a calculated gamble and what they were telling me was don't try, there were saying that no one can beat the market and the stock prices are efficient and just through simple observation looking at the newspaper and they used to have the 52 - week high low prices in the newspaper, it seemed unreasonable that you know the fair price was 51 day and eight months later, it was 120, and that was pretty much every stock had that kind of range every year and it didn't make sense to me that the fundamentals of the underlying businesses were actually changing that much.
Adjusted income (loss) from operations is a measure of profitability used by Cigna's management because it presents the underlying results of operations of Cigna's businesses and permits analysis of trends in underlying revenue, expenses and shareholders» net income.
I've learned that whether someone is trying to qualify for the Olympics, break ground in mathematical theory, launch a new business, or craft an artistic masterpiece, many of the practices underlying sustainable success are the same; supported by scientific evidence; and available to everyone.
This proactive adoption of the principles underlying the corporate governance code has set Takeda apart from other businesses in Japan.
The International segment reported a loss from continuing operations before income taxes of $ 1.3 million on a US GAAP basis and an underlying pretax loss of $ 1.0 million in the fourth quarter, versus a loss of $ 5.1 million for both measures a year ago, driven by the addition of the Miller brands, volume growth and positive pricing in Latin America and Australia, cost savings in MG&A, and cycling the substantial restructure of our China business in 2015.
Management uses these non-GAAP financial measures to assist in comparing the Company's performance on a consistent basis for purposes of business decision making by removing the impact of certain items that management believes do not directly reflect the Company's underlying operations.
Buffett suggests that investors focus on the economics of the companies they own (in other words the underlying businesses), and then try to weigh the probability that certain events will or will not transpire, much like a Bridge player checks the probabilities of his opponents» hands.
Few people actually studied the finances and underlying businesses of the companies that they invested in.
How many stocks can an individual follow in a sufficiently deep way so that you understand the underlying value of the business?
Be sure that, in addition to knowing its P / E ratio, you also understand what the number means in the context of the underlying business.
It captures, in a few succinct sentences, the essence of your business's goals and the philosophies underlying them.
While a decline in near - term commodity prices reduced our estimate of value due to lost interim cash flows, the stock's decline has significantly exceeded what we think is the true change in the company's underlying business value.
Their presence in the picture will accentuate erratic price swings unrelated to underlying business developments.»
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