Showing posts with label M&A. Show all posts
Showing posts with label M&A. Show all posts
Friday, September 6, 2019

6/9/19: Small Cap Stocks EPS: racing to the bottom of the MAGA barrel

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Everything is going just plain swimmingly in the Land of MAGA, where American companies are now expected to do their duty by President Tru...
Wednesday, March 6, 2019

6/3/19: Expectations Sand Castles and Investors

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As raging buybacks of shares and M&As have dropped the free float available in the markets over the recent years, Earnings per Share (...
Thursday, August 2, 2018

2/8/18: M&A Activity: More Concentration Risk Signals

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In recent media analysis of the markets, less attention that the rise in shares buybacks has been given to the M&A markets. And there ...
Tuesday, May 16, 2017

16/5/17: M&As and Investment Climate: 1Q data

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As an illustration to the point made a few weeks ago (see http://trueeconomics.blogspot.com/2017/04/28417-vuca-markets.html )  her...
Sunday, January 8, 2017

8/1/17: Corporate Cash: Organic Capex Still Sluggish

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In 2016, based on data from Goldman Sachs, 26 percent of aggregate S&P500 company cash went to fund shares buybacks, matching 2013 ra...
Friday, December 30, 2016

30/12/16: Corporate Debt Grows Faster than Cash Reserves

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Based on the data from FactSet, U.S. corporate performance metrics remain weak. On the positive side, corporate cash balances were up 7....
Tuesday, April 19, 2016

18/4/16: Capital Gains Tax & Investment Distortions: Corporate Data from the U.S.

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In our MBAG 8679A: Risk & Resilience:Applications in Risk Management class we have been discussing the links between taxation, optimal...
Wednesday, February 10, 2016

9/2/16: We've Had a Record Year in M&As last... next, what?

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Dealogic M&A Statshot for the end of December 2015 showed that global M&A volumes have increased for third year running, reaching ...
Friday, January 29, 2016

28/1/16: Irish M&As: Not Too Irish & Mostly Inversions

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Experian latest figures for *Irish* M&A activities for 2015 show some astronomical number: Per release: “The number of deals on the Ir...
Thursday, December 10, 2015

10/12/15: Europe's M&A activity lowest in 17 years

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While the U.S. companies are gorging themselves on M&As (see post here:  http://trueeconomics.blogspot.ie/2015/12/71215-another-nothin...
Monday, December 7, 2015

7/12/15: Another "Nothing to See Here" Chart for M&As

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I have written over the recent months about the over-heating present in the global (and especially N. American) M&A markets (see posts...
Saturday, November 14, 2015

14/11/15: More Evidence U.S. Capex Cycle is Still Lagging

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In a recent post ( link here ), I covered the issue of shares buy-backs and the lack of capex at the S&P500 constituents level. A rece...
Wednesday, November 11, 2015

11/11/15: Take a Buyback Pill: U.S. Corporates Shy Away from Capex

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As buy-backs of shares inch down as the drivers of U.S. stocks valuations (chart below), things are not going much smoother for the hope...
Thursday, May 21, 2015

21/5/15: Global M&A and Economic Fundamentals

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Here are some select slides from my presentation at this week's Alltech's Rebelation conference in Lexington, KY. ...
Tuesday, January 14, 2014

14/1/2014: Irish M&A activity in 2013

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Irish M&A values rose strongly in 2013, according to the Experian data. "Total number of Irish Mergers and Acquisitions and Eq...