Those assets were extremely undervalued, and in solid companies
with good balance sheets and operating models.
«We want to make sure we buy long lead - life, low decline - rate assets at attractive valuations,
with good balance sheets, in order to survive the short - term and very intense volatility we're seeing in the price of oil,» McKinley said.
High - quality fast - growing companies
with good balance sheets and otherwise solid fundamentals are not, in our opinion, the risky investments many people believe them to be.
Cheap stocks
with good balance sheets do not get killed when there are earnings disappointments.
Amid weakness, reinvest in companies with weak performance that you know are essential,
with good balance sheets.
Both are quality competitors
with good balance sheets.
Look for well - managed, profitable companies in stable industries
with good balance sheets and modest growth.
If you buy quality companies,
those with good balance sheets, enduring competitive advantages and strong management, you can be more confident that the business will endure.
Find a company
with a good balance sheet and temporarily impaired earnings due to bad news.
In other words, typically the difference between the company
with the best balance sheet the industry and the company with the worst balance sheet industry is not all that great.
In addition to selling at discounts to replacement cost, I focused on miners
with better balance sheets to ensure they'd survive the trough of the cycle.
Not exact matches
S&P said in March a rupiah exchange rate of 15,000 a dollar is «the psychological level» at which companies
with weak
balance -
sheets could struggle
with repayments and those
with good cashflow might start to proactively restructure their debt.
RBC will probably never compete
with the likes of Goldman Sachs in the U.S., but it can fare
well as a mid-sized player, especially because of its strong
balance sheet.
Many smaller «E&P» firms went bankrupt during the recent slump, but survivors
with stronger
balance sheets, including Hess and EOG Resources, now look
good to investors.
At least some households would use the funds to pay down debt, meaning the money would flow to the banking sector anyway, but
with one critical difference: household debt would actually decline, leaving household
balance sheets in
better shape and owing less interest every month.
Delta has emerged as the recline - your - seat - and - nap stock among the three network carriers,
with the «
best balance sheet,» according to Deutsche Bank analyst Michael Linenberg.
Beyond those basics, you'll get approved more readily and
with better terms if you give the banks precisely what they need to make a decision: tax returns and audited (if possible) financial statements (P&L,
balance sheets and cash flow) for the year to date and the previous three years; monthly statements for the previous 12 months; a business plan explaining what you do, how you do it and why your company would be a
good risk; a detailed projection showing how you will generate the funds to pay down the line; and a backup plan (collateral) to repay the bank if the projections don't pan out.
Tasked
with avoiding a new financial crisis, the ECB is putting pressure on banks to clean up their
balance sheets from unpaid loans inherited from the last recession, a problem for most countries in the south of Europe, as
well as Slovenia and Ireland.
«If the Fed is serious about reducing the size of its
balance sheet this year and wishes to communicate those plans
well in advance, it is running out of time to do so,» said Michael Pearce, an economist
with Capital Economics.
'' [A] s liquidity dries up and rates rise, we believe companies
with conservative
balance sheets and ample capital cushions could fare much
better,» she wrote in her 2016 outlook for stocks.
Some mortgage experts have argued that community banks had lower nonperforming loans during the crisis because of the strong relationships
with their customers, and the loans held on their
balance sheets performed
better.
Rather, it is a time for investors and founders to create a culture of building value one step at a time — without loading the
balance sheet with too much capital — allowing all shareholders a
better chance to win.
Lee Millstein, President of Cerberus Global Investments, said, «
With its solid
balance sheet and strong competitive position, Bluestone Holdings Australia is
well positioned to capitalize on the currently attractive market and regulatory dynamics.
Potenza has been finding opportunities in short - duration corporate bonds issued by relatively resilient,
well - run companies
with strong
balance sheets, improving credit profiles, and fair valuations.
Having reached relatively steady state after
better than half a decade of investment and construction, the French have popped in
with a bid before the hard yards of
balance sheet stabilisation can begin in earnest.
Because I have long argued that these reforms would at
best reverse the process by which the imbalances were created (especially the elimination of the financial distress «tax») if the
balance sheet approach to rebalancing were the appropriate model, and are implicit in the trade - off among three outcomes I list above, they are at least consistent
with what I believe is the correct analysis.
The second takeaway I'd like to point out is to focus on
well - managed companies
with healthy
balance sheets.
That is why
good, steady and organized
balance sheets tend to correspond
with high scores.
A consultant at The Shealy Group can work
with you one on one to
better understand your
balance sheet and cash flow statements now and going forward.
The allure is that you don't have to think as much
with dividend stocks as they are usually
well known companies
with established businesses and large
balance sheets.
Intesa's
balance sheet remains very strong
with a leverage ratio around 7 %, one of the
best in Europe, and its liquidity far exceeds requirements.
It's that
balance sheet strength that, when combined
with its strong global resource portfolio, makes BHP Billiton the
better option over Freeport - McMoRan.
The historic data may provide a useful insight into a company's revenue trends, the quality of the
balance sheet and how attractive margins are, as
well as provide a basis to compare the company
with competitors.
They learned their lessons in 2008
with regards to excessive leverage and by and large have very
good balance sheets, and so I think yes, they're expensive because part of their sales has been driven by very low interest rates.
With a debt - to - equity ratio under 30 %, Suncor has one of the
best balance sheets in the industry.
Value creation, even if currently unrecognized by the market, is in our view taking place in the form of accretive acquisitions by companies
with access to capital and
good balance sheets from those forced to sell quality assets to address excessive
balance -
sheet leverage.
He concentrates on high quality businesses
with demonstrated earnings power, sound
balance sheets and
good prospects for profitable growth.
Banks are now forced to create and hide leverage off
balance sheet (e. g. new «synthetic CDO» frauds and leveraged buyouts (LBOs)
with outrageously high EBITDA ratios) in order to generate returns sufficient to pay employees when that is not available in the spreads associated
with well -
balanced bond sales.
Best FX Derivatives Provider Goldman Sachs Goldman Sachs commands a premium for its FX derivatives by bundling them
with advisory services, state - of - the - art risk management tools and a willingness, when its FX desk sees an opportunity, to put its own
balance sheet at risk for clients who lack liquidity.
The Chinese shadow banking system is now a
well - known financial Frankenstein,
with multiple asset management companies, wealth management products and other off -
balance sheet entities providing around half the country's credit volume.
The transaction will push up debt levels, but the company's strong
balance sheet should be able to easily handle the additional leverage,
with debt - to - total - capital likely finishing 2014
well within management's 25 % to 40 % comfort zone.
They failed to take credit or make the case for the economic upturn, and how their policies have much to do
with lower unemployment (5.8 %), significant debt reduction, healthy corporate
balance sheets, greater financial stability (Dodds - Frank), record stock market numbers, as
well as reducing the gap between high earners and the middle class through Obamacare and reducing the Bush tax cuts.
This is low for a
good business
with a strong
balance sheet that should resume paying dividends soon
Dividend growers are typically supported by quality companies
with strong
balance sheets and tend to hold up
well in rising rate environments, according to BlackRock research.
In today's banking environment, obtaining financing can be difficult for a majority of these businesses, even for those
with good credit histories and strong
balance sheets.
Companies
with solid
balance sheets, that have
better credit ratings and less debt - to - equity than peers, can weather economic downturns, make opportunistic acquisitions, waste less of their profit on debt interest, and easily absorb unexpected problems and keep moving forward.
[U] nderpinned by an improving labor market,
better household
balance sheets, favorable financial conditions, a healthier housing market as household formation gradually returns to levels that are more closely aligned
with demographic factors, higher nonresidential investment as firms finally upgrade aging capital stock, and a smaller fiscal drag.
«In our view, investors would be
well advised to see the outcome of Cyprus both as a reflection of how future stresses will be handled (support sovereign creditors, haircut bank creditors) and a reminder that efforts to shift the liabilities associated
with legacy bad bank assets in both Spain and Ireland onto the ESM [European Stability Mechanism]
balance sheet are unlikely to be successful,» the IIF says.
In investing, a defensible position is a strong,
well - managed, highly profitable company
with a pristine
balance sheet and very little debt, and a stock price that trades at reasonable (or discount) valuations.
For people who are keeping a mental
balance sheet of their
good and bad deeds, one bad act can be an offset in their minds
with a nice one, Cornelissen said.