Musings on Markets

SEPTEMBER 27, 2022

By the start of 2022, the window for early action had closed and for much of this year, inflation has been the elephant in the room, driving markets and forcing central banks to be reactive, and its presence has already induced me to write three posts on its impact. in the NY Fed survey.

Risk Premium 97

Risk Premium Treasury Start-ups Equity 97

Benzinga

AUGUST 1, 2022

Dividend: The board approved a dividend of $0.25 per share, payable September 30, 2022, to shareholders of record on September 16, 2022. Adjusted EPS of $2.36 beat the consensus of $2.35. Global Payments held $1.93 billion in cash and equivalents. The board authorized an increase of the company's share repurchase.

Dividends 98

Dividends 98

Musings on Markets

JANUARY 19, 2022

At the start of 2022, it feels like Groundhog Day, with the same questions about economic growth and inflation looming for the year, and the same judgment about stocks, i.e., that they look expensive. When you augment this price change with the dividends on the index during 2021, the total return on the S&P 500 for 2021 was 28.47%.

Risk Premium 98

Risk Premium Risk-free Rate Start-ups Equity 98

Musings on Markets

JANUARY 8, 2022

Happy New Year, and I hope that 2022 brings you good tidings! The Company Sample for 2022 When I first started my data collection and analysis in 1990, data was difficult to come by, and when available, it was expensive. Sometimes, less is more! It is also why I report only aggregated data on industries, rather than company-level data.

Risk Premium 99

Risk Premium Start-ups Market Capitalization Corporate Finance 99

Auto Dealer Valuation Insights

FEBRUARY 24, 2023

The common themes among E&P operators and mineral aggregators’ in the Q3 2022 upstream earning calls included continued share buybacks, growth in production levels, and inflation’s impact on limiting growth. This week we focus on the key takeaways from the Upstream Q4 2022 earnings calls.

Dividends 52

Dividends 52

Auto Dealer Valuation Insights

MARCH 3, 2023

The common themes among E&P operators and mineral aggregators’ in the Q3 2022 upstream earning calls included expanding business segments internationally, long-term sustainable growth for OFS, and production growth plans.

Dividends 52

Dividends 52

Musings on Markets

FEBRUARY 8, 2022

In the first few weeks of 2022, we have had repeated reminders from the market that risk never goes away for good, even in the most buoyant markets, and that when it returns, investors still seem to be surprised that it is there.

Risk Premium 90

Risk Premium Beta Start-ups Equity 90

Musings on Markets

MAY 20, 2022

I then examine how equities have performed in the less than five months of 2022, where inflation has returned to the front pages. In 2022, the collective market capitalization of all US firms has dropped by 19.75% , with the bulk of the drop occurring after April 1, 2022.

Price to Book 102

Price to Book Dividends Beta Equity 102

Musings on Markets

FEBRUARY 27, 2022

In my last post, I noted the decline in costs of capital for firms over time, noting that the median cost of capital at the start of 2022 is only 6.33%, across global firms, and argued that companies that demand double-digit hurdle rates risk being shut out of investments.

Start-ups 98

Start-ups Equity Book Value Marketability 98

Benzinga

JUNE 24, 2022

June 24, 2022 (GLOBE NEWSWIRE) -- Intertape Polymer Group Inc. The parties to the Arrangement intend to complete the Arrangement on June 28, 2022, subject to the satisfaction of customary closing conditions. Pursuant to the terms of the agreement in respect of the Arrangement, the quarterly dividend of US$0.17

Dividends 40

Dividends Equity 40

Law 360 M&A

JULY 22, 2024

A private equity seller of a solar panel fintech lender that Fifth Third Bank bought in 2022 has sued the bank in New York federal court to free up $20 million in indemnity escrow funds that it alleges the bank has tried improperly to withhold over state investigations tied to the fintech.

Dividends 52

Dividends Banking Equity 52

Benzinga

APRIL 4, 2022

The expected ticker for the Nasdaq listing is HYPE with an expected closing date in the third quarter of 2022. Public Iron Spark shareholders will continue to receive a 5 cent quarterly dividend until the deal closes. Iron Spark public shareholders will own 31.2% of the company after the merger assuming no share redemptions.

Dividends 98

Dividends Equity eCommerce 98

Benzinga

DECEMBER 29, 2023

An update is provided on several matters of importance for Shareholders including the acquisition, an associated dividend for ILUS Shareholders, merger agreement negotiations, subsidiaries, and financing. OTC: QIND ), which effected a name and ticker change in August 2022, ERT also plans to conduct a name and ticker change.

Dividends 40

Dividends Finance Equity Technology 40

Benzinga

APRIL 26, 2023

per basic common share, for the fourth quarter ended December 31, 2022 (fourth quarter 2022), and $3.5 per basic common share, for the first quarter ended March 31, 2022 (first quarter 2022). Net Interest and Dividend Income Tax equivalent net interest income of $11.3 million, or 33.8%, from first quarter 2022.

Dividends 40

Dividends Banking Equity Book Value 40

Benzinga

APRIL 5, 2023

FedEx Consolidates Express and Other Units Under CEO Subramaniam To Save $4B In Costs, Boosts FY24 Dividend By 10% FedEx Corp (NYSE: FDX ) shared plans to bring FedEx Express , FedEx Ground , FedEx Services , and other FedEx operating companies into Federal Express Corporation , becoming a single company by June 2024. per share, to $5.04

Dividends 98

Dividends Technology Marketability 98

FE International

MARCH 23, 2022

Crucially, any owner salary/dividends can be added back to the profit number, too. LinkedIn | The post SaaS Valuations: How to Value a SaaS Business in 2022 appeared first on FE International. SDE is the profit left to the business owner once all costs of goods sold and critical (i.e.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Brian DeChesare

JANUARY 4, 2023

Any discussion of the financial markets in 2022 needs to acknowledge one important fact upfront: it was the worst year for stocks and bonds since at least 1871. Here it is as of January 3 rd , with differences vs. the start of 2022 in brackets: Equities: 31% [Down 7%]. 2022: –11%. Short-Term U.S. Treasuries: 19% [Up 19%].

Marketability 98

Marketability Start-ups Treasury Dividends 98

Musings on Markets

JANUARY 21, 2023

In 2022, we needed that reminder more than ever before, especially after markets came roaring back from the COVID drop in 2020 and 2021. In some years, those deviations work to our benefit and in others, it can hurt us, and 2022, unfortunately, fell into the latter column. at the start of that year.

Equity 93

Equity Risk Premium Start-ups Dividends 93

Benzinga

APRIL 28, 2023

With the success of the first quarter, the Board announced a quarterly cash dividend of $0.20 million, or 10.7% (annualized), from the fourth quarter of 2022. Loan growth was 11.2% (annualized) during the three months ended March 31, 2023 from the fourth quarter of 2022. million for the three months ended March 31, 2022.

Dividends 40

Dividends Banking Book Value Equity 40

Reynolds Holding

APRIL 19, 2022

It is based on the firm’s memorandum, “Proposed 2022 DGCL Amendments Include Significant Changes Addressing Exculpation of Officers, Appraisal Rights and Domestication-Related Transactions,” dated April 18, 2022, and available here. Moreover, the same exclusions from exculpation applicable to directors (i.e.,

Appraisal 56

Appraisal Dividends Treasury Marketability 56

Musings on Markets

MAY 7, 2023

The first was that banks were run by sensible people , who paid out what they could afford to in dividends, neither holding back on paying dividends nor paying too much in dividends. Note the differences between the bank FCFE and bank dividend discount models.

Banking 82

Banking Price to Book Dividends Book Value 82

Benzinga

FEBRUARY 15, 2023

(NASDAQ: ROIC ) announced today financial and operating results for the year and three months ended December 31, 2022. YEAR 2022 HIGHLIGHTS $51.9 growth in Funds From Operations per diluted share (2022 vs. 2021) 4.6% increase in same-center cash net operating income (2022 vs. 2021) 98.1% YEAR 2022 HIGHLIGHTS $51.9

Dividends 40

Dividends EBITDA Intangible Assets Equity 40

Benzinga

NOVEMBER 2, 2022

Net income attributable to common shareholders for the third quarter 2022 of $11.3 Third quarter 2022 operating funds from operations ("FFO") per diluted share of $0.27. Same property net operating income ("NOI"), for the nine month period ending September 30, 2022, grew 5.4% million , or $0.13 from $1.01

Dividends 40

Dividends Equity Net Debt Finance 40

Essentials of Corporate Finance

AUGUST 10, 2022

The Senate recently passed the Inflation Reduction Act of 2022. As we showed in the text, dividends and stock repurchases affect a company and investors in much the same way. As we showed in the text, dividends and stock repurchases affect a company and investors in much the same way.

Dividends 52

Dividends 52

Valutico

SEPTEMBER 1, 2022

Weekly Valuation – Valutico | 2 September 2022. This year McDonald’s will pay out a dividend of USD 5.52. At the current share price of approximately USD 260, the dividend yield is 2.10% (as of September 2022). How fast can the fast food giant McDonald’s still grow?

Dividends 59

Dividends Marketability 59

Benzinga

JULY 26, 2022

July 26, 2022 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ: FXNC ), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $3.8 per basic and diluted share, for the second quarter of 2022. for the second quarter of 2022, compared to $0.60

Banking 40

Banking Dividends Marketability Equity 40

Musings on Markets

AUGUST 5, 2023

In a post from the start of this year, I noted how the surge in equity risk premiums in 2022, combined with rising treasury bond rates, caused the cost of capital to increase dramatically during the course of the year. 00254 + 1.4543 (.04)

Risk Premium 97

Risk Premium Equity Start-ups Treasury 97

Musings on Markets

JANUARY 17, 2024

While stocks had their ups and downs during the year, they ended the year strong, and recouped, at least in the aggregate, most of the losses from 2022. Energy, one of the few survivors of the 2022 market sell-off, had a bad year, as did utilities and consumer staples. The solid comeback in stocks, though, came with caveats.

Risk Premium 79

Risk Premium Start-ups Equity Treasury 79

Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Dividends and Potential Dividends (FCFE) 1. Dividend yield & payout 3. Buybacks 2.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Benzinga

FEBRUARY 5, 2024

GCIC") is pleased to announce that CMP 2022 Resource Limited Partnership ("CMP 2022") has completed the transfer of assets into Dundee Global Fund Corporation in exchange for shares of Dundee Global Resource Class. On the date of transfer, February 2, 2024, the net asset value for CMP 2022 was $301.49 TORONTO, Feb.

Dividends 45

Dividends 45

Benzinga

OCTOBER 31, 2022

31, 2022 (GLOBE NEWSWIRE) -- Partners Bancorp (NASDAQ: PTRS ) (the "Company"), the parent company of The Bank of Delmarva ("Delmarva"), Seaford, Delaware, and Virginia Partners Bank ("Virginia Partners"), Fredericksburg, Virginia, reported net income attributable to the Company of $4.1 SALISBURY, Md., million, or $0.23 million or 52.5%

Banking 40

Banking Dividends Marketability Equity 40

Valutico

OCTOBER 1, 2022

Weekly Valuation – Valutico | 30 September 2022. Lockheed Martin stock has been a strong performer in 2022, gaining 13% compared to the broader S&P which has declined by 23%. dividend yield and an ongoing share buyback program. . Lockheed Martin Corporation. Link to the detailed valuation. Lockheed Martin Corp.

Discounted Cash Flow 52

Discounted Cash Flow Dividends Market Capitalization Marketability 52

Valutico

OCTOBER 7, 2022

Weekly Valuation – Valutico | 7 October 2022. billion in the third quarter of 2022 and therefore was not able to meet the expectations of the analysts who estimated revenue of USD 15.69 billion to their shareholders as the company repurchased shares and paid out dividends. billion worth of the company in April 2022.

Discounted Cash Flow 59

Discounted Cash Flow Dividends Technology Marketability 59

ThomsonReuters

JUNE 14, 2021

and Swiss governments agree on types of retirement plans exempt from withholding on dividends. Switzerland Tax Treaty, are eligible for an exemption from tax withholding on dividends that they receive, provided that all other requirements of the Treaty are satisfied. Unemployment tax information for 2022 released.

Dividends 98

Dividends 98

Benzinga

APRIL 12, 2023

The company believes this required Form 10 information was filed in aggregate through its filing of Form 8-K on January 27, 2022, Form 10-K on April 13, 2022, and Form 10-Q on May 20, 2022, and this thereby establishes May 20, 2023, as the one-year anniversary of such Form 10 information filing.

Fair Market Value 40

Fair Market Value Marketability Dividends 40

Benzinga

DECEMBER 10, 2024

In addition to the 9% stock purchase in the Target on September 27, 2022, PDN now owns right to receive 15% of its declared distributions and dividends. In addition to the 9% stock purchase in the Target on September 27, 2022, PDN now owns right to receive 15% of its declared distributions and dividends.

Dividends 40

Dividends 40

Andrew Stolz

JANUARY 16, 2022

Share repurchases and dividends. The dividend yield could return to 5% in 2022. Strong operating cash flow allows the company to pay out dividends which are in line with its pre-pandemic policy. We expect that the dividend yield over the near-term to range between 5-6% like in 2019 and 2020. Advancing ESG issues.

Dividends 52

Dividends EBIT Marketability Business Valuation 52