So, that's my preferred measure for how much has
the underlying value of the firm increased: growth in fully diluted tangible book value (ex-AOCI), adding back dividends, and subtract out net equity issuance / buyback measured not at cost, but at the current market price.
Not exact matches
While Bitcoin and other cryptocurrencies have tremendous potential
value as a medium
of exchange, it is the
underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest
of entrepreneurs, venture capital
firms, financial institutions and other corporations.
[4] Is it possible that the current global collapse
of confidence in our financial institutions could help people clutch their way back to a different sense
of values and to the commitment
of self which
underlies any
firm investment in their own happiness?
The RAFI website states that «traditional bond indices weight issuers solely by the market
value of each
firm's outstanding debt with no regard to
underlying firm fundamentals.»
He is also responsible for development
of the Wellington Management proprietary prepay model, analysis
of underlying characteristics
of mortgage pools, and integration
of pool selection criteria into the
firm's relative
value framework.
By focusing on
value firms, the benefits to financial statement analysis (1) are investigated in an environment where historical financial reports represent both the best and most relevant source
of information about the
firm's financial condition and (2) are maximized through the selection
of relevant financial measures given the
underlying economic characteristics
of these high BM
firms.
Efficient market theory states that a stock's price reflects the market's best estimates
of the
firm's
underlying true
value at any given time.
Sam Glover: Well, it sounds like part
of what's going on here, if I'm catching what's
underlying it is, too you're treating the lawyers that you work with as if they're a part
of the same culture that's governed by the same mission and
values that you've built your financial advising
firm on.