Musings on Markets

JUNE 23, 2023

As the semiconductor business has acquired heft, in terms of revenues and profitability, investors have priced those operating results into the market capitalization assigned to these companies. After a long stretch at the top, Intel has dropped back down the list and ranked third, in terms of revenues, in 2022.

Start-ups 94

Start-ups Marketability Market Capitalization Technology 94

Reynolds Holding

JULY 20, 2023

Taking all these developments and more into account, we continue to be of the view that The New Paradigm provides a pragmatic and balanced approach to preserving open market capitalism, while also creating economic prosperity that will benefit all, not just a few.

Market Capitalization 40

Market Capitalization Marketability Equity 40

Benzinga

FEBRUARY 25, 2024

Transaction Highlights Significant premium of approximately 32% to the implied value of the consideration pursuant to the DPM Arrangement Agreement 1 All-cash offer, providing value certainty and immediate liquidity to Osino shareholders Highly credible and capable counterparty in Yintai US$5.6

Market Capitalization 45

Market Capitalization Finance Marketability 45

Musings on Markets

OCTOBER 4, 2021

The second is that cell service costs have also dropped , and in India, the drop in costs has been precipitous, after Reliance Jio entered the game in 2016, and quickly acquired 100 million subscribers by offering free voice and data calls over its 4G network. As mobile access improved, Paytm has relentlessly added to its suite of products.

Start-ups 75

Start-ups Banking Marketability Technology 75

Reynolds Holding

JANUARY 23, 2024

in August 2019, wiping out about $36 billion in market capitalization. From about 2006 to 2016, Wells Fargo allegedly enrolled more than 800,000 of its auto loan customers, without their knowledge, in insurance they did not need or want. According to the complaint, the undisclosed cost cuts ultimately led to a massive $15.4

Banking 59

Banking Private Equity Firm Alpha Compliance 59

Reynolds Holding

APRIL 13, 2023

The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.” The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.”

Market Capitalization 45

Market Capitalization Marketability 45

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 EBITDA Marketability Market Capitalization 56

Benzinga

FEBRUARY 27, 2023

In addition, Ready Capital will assume Broadmark's outstanding senior unsecured notes. Based on the closing price of Ready Capital's common stock on February 24, 2023, the market capitalization of the combined company is approximately $2.2 Full story available on Benzinga.com

Book Value 40

Book Value Finance Market Capitalization Equity 40

Reynolds Holding

MAY 31, 2023

As the truth was revealed, Wells Fargo’s stock plummeted, wiping out $54 billion in market capitalization, including a 22.5% stock drop following the conclusion of the congressional hearings.

Banking 52

Banking Compliance Market Capitalization Marketability 52

Reynolds Holding

JUNE 16, 2022

Stakeholder capitalism recognizes that corporations do not exist in a vacuum, but rather each relies on a multitude of stakeholder contributions and interests from employees, customers, suppliers, communities and, more broadly, society and the environment at large in order to operate effectively and create value.

Market Capitalization 45

Market Capitalization Marketability 45

Musings on Markets

SEPTEMBER 11, 2023

Market Effects As streaming has changed the movie and broadcasting businesses, financial markets have struggled to get a handle on how these changes affect the values of companies int these businesses. It is undeniable that streaming, by removing many of the intermediaries in the old music business model, has shrunk the business.

Start-ups 76

Start-ups Market Capitalization Marketability Technology 76

Musings on Markets

APRIL 21, 2022

The disappointments on the operating metric front has played out in markets, where Twitter's stock price dropped to below IPO levels in 2016 and its performance has lagged its social media counterparts: Source: Bloomberg In fact, Twitter's stock prices did not breach their December 2013 high of $73.31 billion, well below the $9.6

Start-ups 101

Start-ups Marketability Technology Market Capitalization 101

Musings on Markets

DECEMBER 2, 2020

In subsequent years, the company grew, with multiple rounds of funding from venture capital. Along the way, investors in the company rapidly escalated their pricing of the company from $1 billion in 2011 to $10 billion in 2014 to more than $30 billion in 2016.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Cooley M&A

JANUARY 25, 2023

Lastly, many public life sciences companies that had their market capitalizations fall in 2022 also found it more difficult or more expensive to secure debt financing as compared to a year or two ago, and many private life sciences companies saw that venture capital debt carried with it more dilutive terms in 2022.

Marketability 40

Marketability Finance Equity Debt Financing 40

Reynolds Holding

NOVEMBER 15, 2022

Charges against robo-adviser Wahed Invest, LLC , which had marketed itself as providing advisory services compliant with Islamic, or Shari’ah law, but failed to adopt and implement written policies and procedures addressing how it would assure Shari’ah compliance on an ongoing basis. A litigated matter charging Vale S.A. ,

Compliance 45

Compliance Marketability Technology Alpha 45

Reynolds Holding

JANUARY 9, 2023

Investors had alleged – through an initial complaint filed in September 2016 – that the social media company misled shareholders during a six-month period in 2015 about growth prospects and user engagement. However, in actuality, Novo Nordisk faced these exact pricing pressures, which was disclosed to the market beginning on August 5, 2016.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Musings on Markets

FEBRUARY 4, 2023

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

Start-ups 100

Start-ups Market Capitalization Equity Marketability 100

Musings on Markets

APRIL 20, 2021

To measure how much companies pay in taxes, I look at how much US companies have, in the aggregate, paid in taxes between 2016 and 2020, in the table below: Note that while the corporate tax rate dropped by 14% (from 35% to 21%) from 2017 to 2018, the effective tax rate decreased by 6.8% and the cash tax rate by 2.75%.

Start-ups 52

Start-ups Debt Financing Finance Equity 52

Reynolds Holding

SEPTEMBER 1, 2022

-based shareholder class action for a nominal $5 million , the Dutch-based proposed action remains active and arises out of the alleged failure to disclose to the market fraud, bribery, and corruption in its civil aviation business, and specifically, irregularities concerning third party consultants. authorities pursuant to the U.S.

Treasury 45

Treasury Marketability Market Capitalization Compliance 45