adel
- Home /
- Author's Archive:
Pearson unloved, but oversold
For those of you with the GrowthRater web App, the somewhat sorry tale of Pearson will be old hat and you’ll have been out of the path of this train for some time now, as can be seen from our valuation timeline below. Unfortunately for Pearson, media investors seem to be particularly intolerant to disappointment […]
Continue readingPublicis – a growing credibility issue as another client defects
“Omnicom demonstrated superior and proven performance in the area of data analytics, planning and buying, innovation, talent and financial value” – P&G global brand officer Marc Pritchard on last week’s announcement that it will be replacing Publicis Groupe’s Starcom Mediavest with Omnicom’s OMG for its North American media-buying, worth around $2.66bn pa. While the […]
Continue readingYahoo drops its plan to spin-off its Alibaba stake – Oops!
After almost a year since announcing the planned spin-off of its remaining holding in Alibaba, Yahoo’s board of Directors “after careful review.. has unanimously decided to suspend work on the pending plan”. Tax reasons are cited for the volte-face, in that the IRS (as we reported only last week) were unimpressed by the whole scheme […]
Continue readingChemical 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 reading