Not exact matches
For example, Uber
sold new shares to SoftBank Group in January in a deal that valued the ride hailing startup
at $ 48 billion, significantly
higher than the nearly $ 4 billion
valuation at which Google had bought its stake in the company five years ago.
The company plans to
sell shares
at between $ 12 and $ 14, which Fortune calculates would place Twilio
at a public market capitalization of around $ 1.07 billion, which is
higher than its last private market
valuation.
And later investors, who bought shares of Uber
at a
valuation higher than $ 50 billion, are unlikely to want to book a loss and
sell.
In other words, if a very long - term investor is willing to rely on the notion that
valuations when they
sell will match or exceed the unusually
high valuations of the present, that investor can reasonably expect stocks purchased
at current levels to deliver long - term returns somewhere the range of 8 - 10 %.
Over the past twelve months, we have added 14 names to the portfolio, all of which, in our view, can be described as well - managed,
high - quality businesses
selling at average or below - average
valuation levels.
A non-obvious consequence is that although people raise more money
at higher valuations, they still end up
selling much more of the company.
1) Overpaid players on
high salaries 2) Leave
selling players
at the very end of transfer window 3) Club not knowing what their priorities are during a transfer window by planning beforehand 4) Being too greedy for wanting
higher valuation price on average players or
selling players bellow their market rate 5) Letting players hold the club to ransom by giving them game time just to make them happy 6) Using the lack of players leaving as an excuse for not signing more players
If you
sell your investments, the amount per year could be even
higher, but that depends on the
valuation of the stock market
at the time of being 80 years old.
So we have
high quality companies that are compounding their book values, cash flows, earnings, and sales over long periods of time, and they are
selling at below average
valuations.
The present environment is characterized by unusually overvalued, overbought, overbullish conditions, with rising 10 - year Treasury bond yields, heavy insider
selling,
valuations on «forward earnings» appearing reasonable only because profit margins are more than 70 % above historical norms (fully explained by the negative sum of government and personal savings as a share of GDP), with the S&P 500
at a 4 - year market
high, in a mature market advance, with lagging employment indicators still positive but more than half of all OECD countries already in GDP contraction, Europe in recession, Britain on the cusp, and the EU imposing massive losses on depositors in order to protect lenders in an unstable banking system where Cyprus is the iceberg's tip.
Houses will
sell at a
higher price in your neighborhood, which will raise the
valuation of your property.