In addition, its new management team announced a $ 50 million share - repurchase program that could add a lot of
value for its shareholders if the company is cleared from any wrongdoing, or gets away with only paying small fines.
At its current valuation of ~ $ 29 / share, Morgan Stanley has the potential to create almost $ 28 billion in
value for shareholders if it successfully completes this digital transformation.
Not exact matches
But Taylor argues that this number would be much higher
if directors cared more about
shareholder value or were not so loathe toward forcing CEOs out, largely
for personal reasons.
If the business community adopts, on a large scale, the concept that it should cater not just to
shareholders but to all stakeholders (employees, the community, the environment, customers, suppliers), then companies will go out into the world with an approach that really does create long - term
value for all.
Valeant executives got paid
for the Allergan deal even though Valeant failed to actually acquire Allergan (a deal that would not have created
shareholder value even
if it had gone through).
If you look at business balance sheets
for public companies, you will find that most have a positive
value for shareholders equity on the balance sheet, but not all.
If you do that, well you'll have great
value for your
shareholders.
But we can not be either environmentally sustainable or create shared
value for shareholders and society
if we fail to comply with our Business Principles.
Asked what he would do
if he was approached by a buyer
for MDC, he said, «As the CEO of MDC, I work
for the
shareholders, and ultimately the
shareholders and the board will determine
if a bid is made
for the company and fair
value is being paid.
Due to the significant impairment and loss of
shareholder value that is forecasted
for Eletrobras
if it decides to renew its concession agreements, it is one of the most critical meetings to follow.
I call
for all fans to boycott the match n watch d shame from home (TV set) and see
if Arsenal
shareholder value U or not
As you can imagine, there's a lot of demand
for this kind of person, given that our whole society seems centered around financial worth — we're all reliant on the stock market
for our retirement, cures to diseases only happen
if they increase
shareholder value, and the latest murder has been replaced by the latest merger on the front page of every major newspaper on the planet.
If Match offered the estimated
value of $ 2 a share
for the company, existing
shareholders may rebuff the offer, as they purchased their shares at either around that price or at even higher prices.
If the
value of the assets has been accurately calculated, and there are withdrawals, the premium to NAV should rise, not fall,
for the remaining
shareholders.
If management / board thinks the price of the stock is undervalued, they will be among those buying shares in the secondary market, improving the
value of the shares
for the remaining
shareholders.
Alternatively,
if the company flounders and files
for bankruptcy, your fractional shares will have a superior priority claim to the liquidation
value of the fractional shares than the senior bondholders and other
shareholders.
While being paid
for holding a stock is attractive to many, and
for good reason,
shareholders can earn high returns
if the
value of their stock increases while they hold it.
For example,
if a company goes bankrupt, or its earnings power drops permanently, then
shareholder value will also become permanently diminished.
If sold
for more than «book
value per share», the premium will be shared by all resulting
shareholders.
Is that a good
value for shareholders, maybe not
if a company burns through all it's cash only to have the share price return to normalcy.
If Diebold can continue to execute on cost cutting measure, identify growth opportunities and improve its long - term FCF generate, it can generate
value for shareholders
If a bit of bad news comes out about Brown - Forman, the stock could easily correct to a lower price - to - earnings multiple and remain there
for years — destroying
shareholder value in the process.
If after bankruptcy there is any
value left
for common
shareholders, the stock might resume trading or
shareholders might receive some cash
for the
value of the stock.
More likely:
If no strategic buyer is found
for the Sellers stake, and the shares are distributed to lots of little
shareholders current management may not be pressured into returning full intrinsic
value over the next couple of years (i.e. No catalyst, no efficient asset allocation).
[And maybe the best Ben Graham - type market in the world,
if you can't resist that sort of thing...] Of course, investor sentiment's improved accordingly — concern about the fate of the yen & Japan's debt burden has abated
for now, and Shinzo Abe has generated new expectations of meaningful change and progress in terms of corporate regulation,
shareholder value & governance, and investor activism.
If the business is creating
value for the owners (
shareholders), it is a good investment at a right price.
Argo Group Investors:
If you have an existing shareholding (large or small), and support a
value realisation strategy
for Argo & its
shareholders, please email me at
[email protected] — your support would be greatly appreciated.
If liquidating MathStar takes four months and if, during this time, the Company's operating expenses were the same as in the first quarter of this year (adjusting pro rata for the longer period), and other expenses associated with liquidation and windup are $ 275,000, the liquidating value payable to shareholders would be $ 11,786,047 or $ 1.28 per share — very close to the $ 1.25 in cash that Tiberius is offering toda
If liquidating MathStar takes four months and
if, during this time, the Company's operating expenses were the same as in the first quarter of this year (adjusting pro rata for the longer period), and other expenses associated with liquidation and windup are $ 275,000, the liquidating value payable to shareholders would be $ 11,786,047 or $ 1.28 per share — very close to the $ 1.25 in cash that Tiberius is offering toda
if, during this time, the Company's operating expenses were the same as in the first quarter of this year (adjusting pro rata
for the longer period), and other expenses associated with liquidation and windup are $ 275,000, the liquidating
value payable to
shareholders would be $ 11,786,047 or $ 1.28 per share — very close to the $ 1.25 in cash that Tiberius is offering today.
In fact, the return of capital via a tender offer should also provide further reassurance:
Shareholders could be unfairly penalised
if they accepted a tender offer based on incomplete info, and / or an NAV per share that did not represent market
values for all assets (& liabilities)-- potentially exposing the board / company to legal action.
This presents a real problem,
if you don't at least venture to determine an Intrinsic
Value for your stock, you have no way of figuring out if a share buyback is at a discount and adding true economic value for your sharehol
Value for your stock, you have no way of figuring out
if a share buyback is at a discount and adding true economic
value for your sharehol
value for your
shareholders.
Hopefully, it will be useful
for Third Avenue
Value Fund (TAVF)
shareholders if I share with them what I said at these first sessions, as well as how I believe the Fund's investment approach comports with a number of the underlying assumptions.
If shareholders find that the NewCo is simply burning cash and providing no
value, they will have a 30 day window to exchange their shares
for $ 1.10 per share.
It's also encouraging to see significant stake - building from Setanta Asset Management (a rare Irish
value shop, at 13.5 %) & Norman Rentrop (at 8.4 %)-- with management now emphasising internal investment over acquisitions (which they prudently perceive as too expensive), I wouldn't be surprised
if these
shareholders push
for a tender offer in due course, to reduce what may otherwise become a growing cash pile.
However, a cash bid is always hard to beat (especially
if the bidder has the fire - power, and the desire, to raise it), and CQB
shareholders may soon realise even a $ 13.00 cash bid could be far superior to a ChiquitaFyffes share price that could trade anywhere... As
for Fyffes
shareholders, at this point referencing a stand - alone intrinsic
value might be a good idea again: Adjusted EBITA's notched a little higher to 3.8 %, but again operating free cash flow (Op FCF) has only averaged about 55 % of adjusted EBITA in the past few years.
If shareholders are to make most of their money through earnings growth and / or positive sentiment, then further excess return needs to be demanded to compensate
for potential of negative sentiment destroying market
value faster than earnings growth can grow against.
«Prudent capital expenditure can have a positive outcome
for shareholder value — executives can deliver the best results
for investors by running their companies as
if preparing
for a lower demand world, whether they personally believe it likely or not,» said Andrew Grant, financial analyst at Carbon Tracker.
The oil price environment over the last few years has forced a conservative view on project sanctioning; do they continue with this and crystallise
value for shareholders when possible, or will temptation prove too much
if and when oil prices rise in future?»
If a minority
shareholder can demonstrate oppressive conduct, the
shareholder can sue
for a court - ordered buy - out at «fair
value» and
for the recovery of attorney's fees and court costs.
For example, if you're targeting a CEO position and you will be speaking to members of the board of directors, you want your elevator speech to include statements of vision, direction, strategy, profitability, and shareholder value (especially for publicly traded companie
For example,
if you're targeting a CEO position and you will be speaking to members of the board of directors, you want your elevator speech to include statements of vision, direction, strategy, profitability, and
shareholder value (especially
for publicly traded companie
for publicly traded companies).