Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. In this post , I argued that one of the key dividing lines between the two groups was flexibility , with companies with more flexible investing, financing and dividend policies winning out over companies with more rigidity on those dimensions.

Start-ups 101

Start-ups Dividends Marketability Market Capitalization 101

Andrew Stolz

NOVEMBER 28, 2021

Given its losses over the past years, it did not pay out any dividends since 2016. We assume that there will be no dividends at least for the next 3 years. No dividend policy requires return generation from price. Cash flow – Tata Motors. Ratios – Tata Motors. Conclusions. Download the full report as a PDF.

Dividends 52

Dividends EBIT Equity Business Valuation 52

Reynolds Holding

FEBRUARY 21, 2023

companies from 2004 to 2016, we identify 1,623 activist directors appointed to boards through proxy fights or settlements. In a recent paper, we examined the characteristics of activist directors, the circumstances surrounding their appointments, and their impact on the board.

Dividends 56

Dividends Marketability EBITDA Market Capitalization 56

Benzinga

APRIL 12, 2023

For our long-term shareholders, this transaction crystalizes a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International. Prior to closing, Triton intends to maintain its current quarterly dividend on the Triton common shares. Full story available on Benzinga.com

Total Shareholder Return 40

Total Shareholder Return Capital Structure Enterprise Value Dividends 40

Farrel Fritz

AUGUST 1, 2022

Under its provisions: 2/3 shareholder approval is required for any changes to salaries or “any matters which may in anywise affect, endanger or interfere with rights of the minority shareholders”; any surplus “may” be declared as dividends and distributed to shareholders; and. Elaine Loses at Trial. Course of Conduct Matters.

Book Value 52

Book Value Dividends Equity Appraisal 52

Reynolds Holding

AUGUST 2, 2023

trillion in 2016. energy intensity classification) We first measure COE using an implied COE estimate that relies on residual income and dividend-discounting valuation models. This surge is part of a global trend: The Global Sustainable Investment Alliance (GSIA) estimates that sustainable asset values in the U.S.,

Equity 40

Equity Equity Financing Specific Risk Dividends 40

Musings on Markets

SEPTEMBER 9, 2024

As you can see, both CVS and Walgreens have seen their market capitalizations drop since mid-2022, but the decline in Walgreens has been far more precipitous than at CVS; Walgreens whose market cap exceeded that of CVS in 2016 currently has one tenth of the market capitalization of CVS.

Start-ups 132

Start-ups Marketability Market Capitalization Equity 132

Benzinga

OCTOBER 31, 2022

As previously disclosed, on October 26, 2022, the Company's board of directors declared a cash dividend of $0.04 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." After that date, either party may (but is not obligated to) terminate the agreement without penalty.

Banking 40

Banking Dividends Marketability Equity 40

Reynolds Holding

JANUARY 25, 2023

13] There, the key material fact was that the issuer was about to cut its dividend sharply. Take, for example, the first case in which the SEC defined insider trading: In the Matter of Cady, Roberts & Co. [13] It could not profit from this information (except by selling itself short, which is unlawful and unthinkable). Coffee, Jr.,

Dividends 45

Dividends 45

Reynolds Holding

MAY 9, 2023

A nominating stockholder with a limited investment horizon may not be shy about cutting R&D expenses or long-term capital expenditures in favor of shorter-term payouts, or may be less adverse to incurring debt to finance a large dividend in the near term, even if financing costs will rise as a result. [20] 20] John C. Coffee, Jr. &

Dividends 45

Dividends Finance Equity Marketability 45

Musings on Markets

APRIL 20, 2021

In a predictable consequence, US multinationals chose to leave their foreign income outside the US, creating the phenomenon of trapped cash, i.e., income held in foreign locales to avoid taxes, but also trapped because that income could not be used to pay dividends, buy back stock or invest in projects in the United States.

Start-ups 52

Start-ups Debt Financing Finance Equity 52

Reynolds Holding

MAY 16, 2022

firms have more than tripled inflation-adjusted dividends, while real share repurchase values have ballooned from $5 billion in 1971 to almost $1 trillion in 2018 and become the dominant form of payout. New research shows that firms do not directly substitute repurchases for dividends; often these payouts complement one another.

Dividends 45

Dividends Debt Financing Finance Marketability 45

Musings on Markets

FEBRUARY 4, 2023

The PE ratio for the stock has gone from a modest 15 times earnings in the 2016-21 time period to 214 times earnings in the most recent two years, and the enterprise value has jumped from about 12 times EBITDA during 2016-21 to 53 times EBITDA in the most recent two years. times revenues in the most recent two years.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100

Global Finance

DECEMBER 3, 2024

Laziz Kudratov : The changes that started in 2016 continue. Our more business-friendly environment includes customs duty exemptions on over 7,000 raw materials, a three-year tax exemption on dividends for foreign investors, and a lowered profit tax rate of 12%. We have seen GDP rise by 6% in 2023 and 6.4% in the first half of 2024.

Start-ups 116

Start-ups Finance Dividends Marketability 116

Global Finance

MARCH 6, 2025

Latvia anticipates a dividend from its largest-ever trade mission to the US, in September 2024. Specifically, Latvia hopes to build international interest in the country via an ambitious project aimed at developing the capital, Riga, as a low-cost, high-value Baltic center for banking.

Banking 82

Banking Finance Dividends Marketability 82

Reynolds Holding

MARCH 2, 2025

FinBERT), to examine conference calls, 10-K filings, and earnings announcements from 2016 to 2023. Second, AI disclosures positively correlate with future operational efficiency and AI patent filings but negatively correlate with dividend payouts, suggesting firms reinvest AI-driven gains rather than distributing cash.

Dividends 49

Dividends Marketability Firm Value Technology 49

Reynolds Holding

JULY 29, 2022

In 2022, the number of proposals increased by 8% from 2021 to 868—the highest number of shareholder proposal submissions since 2016. Meanwhile, the high success rate for proposals requesting a specific amount of dividends [16] was due to the fact that there was only one no-action request on each ground. Specific amount of dividends.

Equity 98

Equity Dividends Banking Finance 98

Farrel Fritz

APRIL 17, 2023

See MFB Realty LLC v Eichner , 2016 NY Slip Op 31242[U], at *2, 4 [Sup Ct, NY County June 24, 2016], affd 161 AD3d 661, 661 [1st Dept 2018].) Put differently, Ms.

Dividends 52

Dividends 52

Reynolds Holding

DECEMBER 22, 2024

Levien, [11] in which the Sinclair parent used its control over its partially owned Venezuelan subsidiary Sinven to produce a dividend payout of virtually all Sinvens profits, which had the effect of denying Sinven the freedom to pursue energy opportunities outside of Venezuela. 560 (2016). [2] 2016) (Laster, VC), affd 164 A.3d

Dividends 45

Dividends Compliance Marketability Firm-specific Risk 45