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Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!

Musings on Markets

I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis. Markets, as is their wont, live to surprise, and the first six months of 2023 has wrong-footed the experts (again).

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Coty Divests 3.6% Stake In Wella Brand For $150M

Benzinga

stake in Wella for $150 million, reflecting a 4% premium to the book value of Wella as of March 31, 2023. Coty Inc (NYSE: COTY ) has entered into a binding letter of intent to sell a portion of its Wella beauty and hair care brand stake to investment firm IGF Wealth Management. Coty will sell a 3.6%

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Data Update 5 for 2023: The Earnings Test

Musings on Markets

Finally, I look at the aggregated values across all companies on all three income measures, across all global companies, again broken down by sector: Collectively, global companies reported $16.9 billion in gross profit in the last twelve months leading into 2023, but operating income drops off to $6.4

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Salisbury Bancorp, Inc. Reports Results for First Quarter 2023; Declares 16 Cent Dividend

Benzinga

and 0.91%, Respectively, Excluding Non-Recurring Expenses First Quarter 2023 Loan Growth of $22.1 Non-performing Assets were 0.14% of Total Assets at March 31, 2023 Common Equity Tier 1 and Tangible Common Equity Ratio of 12.16% and 7.63%, Respectively, at March 31, 2023 1 LAKEVILLE, Conn., million, or 1.8% million, or $0.52

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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

As a final component of bank equity value, and 2023 has brought this home to us is the reality that even a healthy, profitable bank can see its value melt away in days, if its depositors decide, for good, bad or no reasons at all, to withdraw their deposits and put the bank into the death spiral from which recovery can be close to impossible.

Banking 64
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Exit Through the Virtual Door: Tips for Selling Your E-commerce Business

Viking Mergers

Know the Virtual Landscape E-commerce is a rapidly expanding way to do business, with over one-fifth of worldwide sales estimated to take place online in 2023. Since these values all mean different things to your company, an advisor or broker will use their expertise to determine the most appropriate figures to use in negotiations.

Start-ups 214
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Invisible, yet Invaluable: Valuing Intangibles in the Birkenstock IPO!

Musings on Markets

Looking at the top ten companies in 2020 and 2023, you see the dominance of technology companies, many of which sell products that you cannot see, often in production facilities that are just as invisible. That would suggest that intangible assets are being valued and incorporated into balance sheets much more now than in the past.