Warren Buffett famously asked, "Does management think the tooth fairy pays for capital expenditures?". A fix often employed is to assess a business on the metric EBITDA - Capital Expenditures. Today, EBITDA is commonly used by bankers to determine y... Read more
Absolute valuation, based on a full understanding of the fundamentals as seen by the better outside analysts and by the inside planners, can be an important input to those discussions. The company may be a “cash trap”—meaning that it can... Read more
As such, they are beholden to those individuals and not necessarily to the individual customer. If you’re thinking of going this route, compare the differences between the two account types or look at the best retirement plans for the self-emp... Read more
People interested in this work like activities that include leading, making decisions, and business. Explore client engagement resources, advisor focused insights and expert views from our affiliates. To get the best possible experience please use t... Read more
The publication Friday of a paper describing the new methodology may mark an early step toward an eventual "climate stress test" for U.S. banks. It's an approach already used by other global central banks but that has drawn intense criticism from U.... Read more
To understand marketable securities, we first need to understand the concept of a security. Interest payments on discounted bonds represent a higher return on investment than the stated coupon rate. Conversely, the return on investment for bonds pur... Read more
They are different by a small margin but that makes a big difference. If the ratio is equal to one, then it means that all the assets of the company are funded by debt, which indicates high leverage. First of all, standalone figures of cost of equit... Read more
The program allows recipients of such types of checks to collect money from local attorneys in their districts. The local agencies will follow up with check writers to collect the funds, and check writers can avoid criminal charges by making the pay... Read more
In fact, 50% of US parent firms invest primarily strategic with financial concerns, 20% financial with strategic concerns, 15% purely financial and 15% purely strategic. As a rule, incumbent firms, whether European or American, invest primarily for... Read more
I am a software developer turned lawyer with 7+ years of experience drafting, reviewing, and negotiating SaaS agreements, as well as other technology agreements. I am a partner at Freeman Lovell PLLC, where I lead the legal process outsourcing effor... Read more