A Zomato 2022 Update: Value, Pricing and the Gap
On July 21, 2021, I valued Zomato just ahead of its initial public offering at about ₹41 per share. The market clearly had a very different...
Reaping the Whirlwind: A September 2022 Inflation Update!
In my early 2021 posts on inflation, I argued that while the higher inflation that we were just starting to see could be explained by...
Earnings and Cash Flows: A Primer on Free Cash Flow
It is never pleasant to be in the midst of a market correction, but a market correction does operate as a cleanser for excesses that...
META Lesson 1: Corporate Governance
As we get deeper into earnings season for the third quarter of 2022, the biggest negative surprises are coming from technology companies, with the tech...
META Lesson 2: Accounting Inconsistencies and Consequences
In my last post, I used Facebook's recent troubles to talk about the importance of corporate governance, and how we, as investors, have abandoned the...
META Lesson 3: Tell me a story!
In my first two posts on Facebook, I noted that its most recent earnings report, and the market reaction to it, offers an opportunity for...
Earnings Results: Bath & Body Works rockets higher on elevated profit forecast
Shares of Bath & Body Works Inc. surged after hours on Wednesday, after the retail chain hiked its full-year profit outlook and third-quarter results that...
The Wall Street Journal: Elon Musk floats possibility of his successor at Tesla, says he plans to eventually find new Twitter CEO
Elon Musk recently floated the possibility of someone succeeding him as Tesla Inc. chief executive, a board member said Wednesday while testifying in a trial over the CEO’s pay...