On May 9, 2018, Walmart confirmed officially what had been rumored for weeks, and announced that it would pay $16 billion to acquire a 77% stake in Flipkart, an Indian online retail firm, translating into a valuation of more than $21 billion for a firm founded just over ten years ago, with about $10,000 in […]
It was just over two weeks ago that I started my posts on the FANG stocks, starting with Facebook, which I decided to buy, because I felt that notwithstanding its current pariah status, its user base was too valuable to pass by, at the prevailing market price. I then looked at Netflix, a company that […]
In my last two posts, I looked first at the turn in the market against the FANG stocks, largely precipitated by the Facebook user data fiasco and then at the effect of the blowback on Facebook's value. I concluded that notwithstanding the likely negative consequences for the company, which include more muted revenue growth, higher […]
For better or worse, Netflix has changed not just the entertainment business, but also the way that we (the audience) watch television. In the process, it has also enriched its investors, as its market capitalization climbed to $139 billion in March 2018 and even after the market correction for the FANG stocks, its value is […]
In my last post, I noted that the FANG stocks have been in the spotlight, as tech has taken a beating in the market, but it is Facebook that is at the center of the storm. It was the news story on Cambridge Analytica's misuse of Facebook user data, in mid-March of 2018, that started […]
If there is one thing that I have learned about markets over the years, it is that they have a way of leveling egos and cutting companies and investors down to size. The last three weeks have been humbling ones for tech companies, especially the big four (Facebook, Amazon, Netflix and Alphabet or FANG) which […]
In my last post, I valued Spotify, using information from its prospectus, and promised to come back to cover three loose ends: (1) a pricing of the company to contrast with my intrinsic valuation, (2) a valuation of a Spotify subscriber and, by extension, a subscriber-based valuation of the company, and (3) the value of […]
In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox, a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after, on February 28, Spotify, positioning […]
My posts over the last two months have been heavy, dealing first with my data update from January 2018, and with the market and its volatility in the last few weeks. I felt like taking a break and talking about something lighter and more personal, and giving you an update on my teaching, writing and […]
In its SEC Form 13F filed after the market closed today, Berkshire Hathaway revealed the following major portfolio changes that were not previously reported: (1) Teva Pharmaceuticals (TEVA) – a $400 million or 115% increase in its stake. (Likely purchase of Todd Combs or Ted Weschler) (2) Monsanto (MON) – a $800 million or 62% […]
FINANCE STUDENTS WATCH AND LEARN WITH BERKSHIRE SHAREHOLDERS May 15, 2018 World Class Faculty & Research Since 2006, finance professor David Kass has led students from the University of Maryland’s Robert H. Smith School of Business on an annual trek to Omaha, Nebraska, to partake in the Berkshire Hathaway Annual Shareholders Meeting. This year he and […]
The Great Debate U.S. Equities: Boom or Bust? Wednesday, June 6th, 2018 12pm – 2pm Current investment trends in the United States shift almost daily and present contrasting arguments as to whether U.S. Equities are a bubble ready to implode or a great buying opportunity that still offers the best long-term investment available. CFAW has […]
Buffett: Bonds will fall a lot from current prices (as interest rates rise). Investors should buy S&P 500 Index instead. We are not in a stock market bubble. There has never been a good time to buy U.S. Treasury bonds. Buffett: Wells Fargo will outperform its rivals in the future. Berkshire owns 10% and will […]
These are the highlights of the May 5, 2018 Berkshire Hathaway annual meeting. Warren Buffett (87) and Charlie Munger (94) responded to shareholder questions during the five hour meeting. A record number of about 42,000 shareholders attended. In opening comments, Warren Buffett mentioned that $10,000 invested in the S&P 500 in March 1942 would be […]
Warren Buffett’s Berkshire Hathaway increased its stake in Apple (NASDAQ:AAPL) by 45 percent or about $13 billion during the first quarter of 2018. As of March 31, Berkshire owns about 5 percent of Apple or 240.3 million shares valued at $42.5 billion. As of December 31, Berkshire had $116 billion in cash.
I am one of the 43 contributors to the “Warren Buffett Shareholder” edited by Lawrence Cunningham and Stephanie Cuba. My chapter is linked below: https://files.acrobat.com/a/preview/4c5bce2a-9872-4d3f-8ced-e4274abb9d41
In “Warren Buffett / Transformation From 1 to 87 Years Old / Warren Buffett Best Quotes” , I am in picture 81 along with MBA and MS Finance students from the University of Maryland. Slide 77 — Buffett and Hillary Clinton Slide 78 — Buffett and Bill Gates Slide 79 — Buffett and Wife (Susan Buffett) […]
GLOBAL Yellow Pages (GYP) announced on Tuesday that wholly-owned subsidiary GYP Properties has entered into a conditional agreement for the sale and purchase of a freehold, 1.9905 hectare plot of land for NZ$6 million (S$5.57 million) in cash from vendor The Lakes International Golf Course in Pauanui, New Zealand.
CATALIST-LISTED Samurai 2K Aerosol announced on Tuesday evening it expects "significantly higher" revenue and profit for fiscal 2018 due to stronger demand for its aerosol paint products compared to last year.
FORMER YuuZoo chairman Thomas Zilliacus has provided a bond to report back to the Commercial Affairs Department (CAD) on June 4 to further assist in the CAD's investigation over the company's potential breach of the Securities and Futures Act.
MAINBOARD-LISTED Raffles Education Corporation has signed a memorandum of understanding with CFLD International - part of China Fortune Land Development - to develop educational hubs across South-east Asia.
HONG Leong Asia announced on Tuesday that certain key steps in the planned restructuring and sale of its consumer products unit, collectively known as the Xinfei unit, have been taken - including the obtaining of the approval of the majority of Xinfei's creditors to the restructuring plan.