APPL In, T Out & The Remains of the Day
In March of this year, Apple Inc. was added to the elite, 30-member Dow Jones Industrial Index, and AT&T was unceremoniously removed. In their press release, S&P Dow Jones Indices, said “The timing of Apple’s addition to the DJIA hinged on two stock splits: Apple’s 7:1 last June and Visa’s 4:1 on March 19th this
Pfizer: Representation Without Taxation
Inversion sure is the right word for the Allergan/Pfizer deal. Because what got the colonists lathered up enough to fight a war against the one global super power at the time was taxation without representation. Somehow that idea got turned on its head, and now one of the largest drug companies in America wants the
Where The Rubber Hits The Road: Investor Presentations
Among investors, there’s a premium placed on the selling and presentation skills of the founder or CEO. Investors in private companies know their payday will only occur if the CEO or founder can sell the company or take it public. Investors in public companies want to know the CEO can continuously attract new investors that will offer
American Funds: Call Me
Like a lot of people in my business, I have Bloomberg TV and CNBC on all day in my office. I like the ads almost as much as I like the stories. The ads interest me because I can see, or think I can see, the marketing strategy behind it. At the moment, American Funds,
Investor Relations and Public Relations: Uneasy Bedfellows
The words investor and public relations roll off the tongue with such ease that it seems yet another confirmation the disciplines share a cozy symbiosis. They don’t. The notion that increased media exposure leads to increased investment rings false for issuers primarily focused on gaining institutional investors. The reason for this is simple. For equities,
Your Investor Relations Media Plan Made Easy
If you are a public company and trying to decide what media you should be focusing on, then the answer is actually very simple: Dow Jones, Reuters and Bloomberg. That’s it. Other earned media exposure, wherever, is not useless in support of an investor relations program, but it represents a very inefficient way to make progress.
CEOs Who Made Me Scratch My Head
In October, two CEOs made me scratch my head. One in a questioning fashion, the other in an admiring fashion. I admired Frank Bisignano CEO of First Data Corporation (FDC) for striding onto CNBC’s stage perched atop the New York Stock Exchange moments after his company went public. OMG, every lawyer in the deal was probably
What Is The Value of Media Exposure? Millions
Almost every prospective client I’ve talked to over the last 30 years has asked, ‘What is the value of media exposure?’ My answer: Millions. Few prospects take my answer seriously even though they should. However, the current U.S. presidential race offers an unusual degree of insight into the value of media exposure. Here’s the nib
What Wealth Advisors Should Say To Clients Now
With a dip of more than 11% in the S&P 500 since July 20 and continued volatility, what can advisors say to jittery clients? For long term investors, nothing applies a calming salve better than a discussion about dividends. Remember, during almost any 10-year period, approximately 40% of the total return from the SPY came