Saturday 27 October 2018
Dollar Pays Heavy Price for Equity Sell Off - MarketPulse
Dollar Pays Heavy Price for Equity Sell Off - MarketPulse: The US dollar was lower against most major pairs on Friday. The greenback dropped as investors flocked to safe havens away from the US currency. Trade war concerns and its impact on US companies have triggered a massive sell off in equities. The US dollar is on the back foot despite strong growth as evidenced …
Wednesday 24 October 2018
Management
The weaker the cash flows, the lower is the importance of enhancing productivity to cost-of-capital improvement. Management often faces quick decisions concerning its workforce, including the growth outlook for its products and services and the various product lines within the company's markets. If the free cash flows are absent, layoffs hopefully can provide a bridge to a turnaround.
Corporate executives are initially reluctant to cut staffing levels, especially it they sense that demand will be restored within a reasonable period of time, even if current levels are obviously mismatched with output and cash flows.
The workforce and productive capital and plant can be set once current and projected operating and free cash flows are reasonably estimated; it would be imprudent to match workforce and plant with units of production or revenues if the entity is not capable of generating long-term free cash flow.
Corporate executives are initially reluctant to cut staffing levels, especially it they sense that demand will be restored within a reasonable period of time, even if current levels are obviously mismatched with output and cash flows.
The workforce and productive capital and plant can be set once current and projected operating and free cash flows are reasonably estimated; it would be imprudent to match workforce and plant with units of production or revenues if the entity is not capable of generating long-term free cash flow.
Friday 12 April 2013
Graham Investing Checklist!
I just found that Benjamin Graham checklist before you make any attempt to buy stock.
Hope it can help you!!
1. An earnings-to-price yield at least twice the AAA bond rate
2. P/E ratio less than 40% of the highest P/E ratio the stock had over the past 5 years
3. Dividend yield of at least 2/3 the AAA bond yield
4. Stock price below 2/3 of tangible book value per share
5. Stock price below 2/3 of Net Current Asset Value (NCAV)
6. Total debt less than book value
7. Current ratio great than 2
8. Total debt less than 2 times Net Current Asset Value (NCAV)
9. Earnings growth of prior 10 years at least at a 7% annual compound rate
10. Stability of growth of earnings in that no more than 2 declines of 5% or more in year end earnings in the prior 10 years are permissible.
Hope it can help you!!
1. An earnings-to-price yield at least twice the AAA bond rate
2. P/E ratio less than 40% of the highest P/E ratio the stock had over the past 5 years
3. Dividend yield of at least 2/3 the AAA bond yield
4. Stock price below 2/3 of tangible book value per share
5. Stock price below 2/3 of Net Current Asset Value (NCAV)
6. Total debt less than book value
7. Current ratio great than 2
8. Total debt less than 2 times Net Current Asset Value (NCAV)
9. Earnings growth of prior 10 years at least at a 7% annual compound rate
10. Stability of growth of earnings in that no more than 2 declines of 5% or more in year end earnings in the prior 10 years are permissible.
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