I kind of like seeing the CEO of Wells Fargo on the hot seat in front of the house and senate for the fraudulent opening of customer accounts. I always felt Wells Fargo’s conduct in general and their attitude toward their customers was criminal. I just didn’t know how accurate my sentiments were. Don’t get me wrong. The […]
Back in 1991, when I was freelancing, casting central newsman Bob Flaherty, then of Equities magazine and now head of his own financial news service, told me to get on a train to New York, visit the offices of something called Instinet and write a story about it. Instinet, owned by Reuters at the time,
I just finished a white paper for a large financial institution on the well worn topic about which is better: active or passive investment strategies. Sometimes, it’s productive revisit old topics because they bring a fresh perspective that either reinforces ones’ conviction or makes a slight chink in the wall that slowly exerts its influence
My friend, entrepreneur Marc Kramer has started about 20 businesses. Some have succeeded, others have not. Among his start-ups, I asked him if he got signals early on that he had a clunker on his hands, and if so, what the signs were. Generally, he said, he knew within about 120 days whether or not the
When portfolio managers take a position in a company’s shares, or even think about taking a position, it’s a highly analytical process. But interpersonal dynamics have an impact too. When a CEO makes an investor’s Spidey sense tingle, it can derail the investor’s interest. Here’s some ways I’ve seen CEOs get on the wrong side
On Monday, I wrote about the wave of CEOs on TV following earnings reports and offered that keeping quiet after earnings can work too. And then none other than Apple’s chief executive officer Tim Cook joins the movement by appearing on Jim Cramer’s Mad Money Monday night. Why would he do this? Here’s two theories. First,
I like earnings season because of the surprises. But sometimes, you get to see something over and over again. In what has become a tough reporting period, CEOs are taking to broadcast outlets explaining, first hand, the shortcomings of the most recently reported results. Notable so far this season was Sally Smith of Buffalo Wild
If a stock shows a significant positive change in revenues or earnings with an attendant rise in the price, do you believe portfolio managers will be moved to buy it? Conversely, if there were a significant negative change in earnings or revenues, would they short or sell it? Chances are the portfolio manager would not
If you have historical financial statements, your would-be venture capital investor will take high interest in them. VCs typically look at financial statements differently than other investors, and certainly differently than a lender would. This three part series will look at the three primary elements: income statement, balance sheet and statement of cashflows. Part one, the income
How VCs Analyze Financials: Part I, The Income Statement Read More »
If you have historical financial statements, your would-be venture capital investor will take high interest in them. VCs typically look at financial statements differently than other investors, and certainly differently than a lender would. This three part series will look at the primary elements: the income statement, statement of cashflows and the balance sheet. This is Part III,
How VCs Analyze Financials: Part III, The Balance Sheet Read More »