Any guess who said this? “It’s important to note we have a high-quality very liquid balance sheet, which I know there will be lots of questions about; strong capital levels; a seasoned management team, which we experienced navigating challenging markets and adding a lot of new people with deep experience as well; and a consistent focus on our long-term business strategy. So when you … Read on
He sits next to Warren B, swaying his head as WB waffles away, and then delivers the knockout punch waffle waffle waffle Charlie, anything you’d like to say about EBITDA? “every time you see EBITDA just replace it with the phrase Bullsh*t earnings” Go, Charlie! But now there’s a new villain on the accounting slippery … Read on
Klischko and Fury were 2-meter giants each weighing nearly 250lb (112kg) and punching with a force ten times harder than the average human “Dr Steelhammer” had lived up to his name, knocking out 64 (83%) of previous opponents But “The Gypsy King” had never been knocked out It was a brutal match with the fighters … Read on
You give me £112,000 and I’ll give you £30 every 3 months Ok, I won’t actually give you £30, I’ll give it to you “notionally” Haha very funny – don’t you think I know how to calculate return on investment? That’s a paltry 0.1% return. On what planet do you think that would interest me? … Read on
Yes, I saw that the share price move, but I’m not sure about the lights What do you mean? Well revenue was down 4.5% – avg price per ad decreased by 22%Costs increased 22%So EBITDA fell 40%And operating income fell 49%EPS fell 52% And to think some call this “quality” … But that’s the GAAP … Read on
“Well, CGT is going to get triggered eventually, so better at 20% than your 45% marginal rate when the next Government gets in”, I mumbled But that aside, let me tell you a story.. In the first year of my career, there was a little company growing like a weed in the South African sun … Read on
He came to mind when I read yesterday’s Bloomberg quote by Leo Buscaglia “Worry never robs tomorrow of its sorrow, it only saps today of its joy” – I like that! Now I don’t know if Leo was a market guy, but when that advisor sees what his clients have missed out on this month, … Read on
What do you think? Hopefully a little more than the “thought” applied by the first-level thinkers to whom this headline applies MICROSOFT RISES 4% AFTER 2Q ADJUSTED EPS BEATS ESTIMATE And are now nursing an 6% loss in 24 hours on this, “great business”… Anyway, this is what their slides showed: Revenue +2%Operating income -8%Diluted … Read on
I pondered out loud while relaxing with my family and a glass of wine in front of a fire “That would be ridiculous! For goodness sake, they don’t even ban automatic weapons that kill children!” Said my darling wife in a tone that experience whispered, “be very careful what you say next!” “No ways” said … Read on
The rest are about blue people in forests, dinosaurs, cartoon lions, fast cars, and superheroes I’ve only struggled my way through a few of them because – no surprise for a Value investor – Fantasy is not my genre What I do remember from the Titanic, is there weren’t enough lifeboats Only 20 – able … Read on