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Chemical bonding as Dow and Du Pont (reportedly) hold merger talks
Du Pont and Dow Chemical reported to be in merger talks? When we flagged Du Pont’s new, but supposedly ‘temporary’ CEO, Edward Breen as a man to watch (6 Oct post “du Pont – So bad its now good!), given his record at TYCO, we had not expected him to have such a rapid impact […]
Continue reading“It sure is a hell of a lot easier just being first” (John Tuld – Margin Call)
Has Yellen seen the movie Margin Call, I wonder? In it, Jeremy Iron’s classic Wall Street boss (John Tuld) referred to 3 ways of making a living: be first, be smarter, or cheat. Of course in financial markets these are not mutually exclusive options where Governments habitually use their central banks to operate their own […]
Continue readingYahoo – last one to leave please turn off the lights!
So having failed to rejuvenate the core and divert attention to crystallising value from selling down the peripheral assets, Marissa Mayer and the Yahoo board are now left with the one last option, sell the rump. But with under $5bn of sales and barely profitable, what might it be worth and does the proposed spinoff […]
Continue readingWill the Fed finally enter rehab at its 15-16 December FOMC meeting?
Is the Fed that junkie that keeps on promising to kick the habit because they know the dire consequences if they don’t, but just want that last fix because it feels so good and they’re frightened of cold turkey? How many times has the Fed now signalled it will come off the QE juice but […]
Continue reading“It sure is a hell of a lot easier just being first” (John Tuld – Margin Call)
//youtu.be/ag14Ao_xO4c Has Yellen seen the movie Margin Call, I wonder? In it, Jeremy Iron’s classic Wall Street boss (John Tuld) referred to 3 ways of making a living: be first, be smarter, or cheat. Of course in financial markets these are not mutually exclusive options where Governments habitually use their central banks to operate […]
Continue readingJD.COM – building a scale advantage or just buying profitless market share?
The world seems to be in love with JD.COM. After the concerns about the possible headwinds from a slowing Chinese economy that had been dragging down sentiment and shares in rival Alibaba, JD.COM’s results assuaged many of these fears. As well as reporting a +52% YoY increase in Q3 revenues and +72% rise in gross profit […]
Continue readingKraft Heinz deferred tax liabilities – nerdy issue, but it could cost you
Having paid up for Kraft Foods, the newly merged Kraft Heinz will need to not only over-deliver on its $1.5bn of projected cost savings by 2017, but also to exploit a network effect (leveraging Kraft brands through Heinz’s stronger international footprint) to kick-start what has been lacklustre individual organic revenue performances for both groups. While […]
Continue readingMind the Gap! Firstgroup cuts pensions by widening the CPI vs RPI gap
Back in 2011 when the government announced switching from RPI to CPI for determining public sector pensions we all should have known that this was just another ruse to use an even more unrepresentative inflation measure to cut expenditures. With the government’s lead it was also inevitable that this strategy would also be adopted by […]
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