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Alphabet to recognise stock compensation as an expense – only a decade late!
It’s good to see Alphabet (Google) take the accounting high ground and finally concede what should be obvious; that stock compensation is a “real cost of running our business” and henceforth will be expensed as such within its ‘adjusted’ earnings analysis. As such, the group is bringing its ‘adjusted’ earnings in line with those already […]
Continue readingMarks & Spencer – remaining in the GrowthRater portfolio, but what about the other two?
Marks & Spencer: getting closer to delivering the growth being priced into the stock, with speculative bid/mgt recovery thrown in for free! I added this stock it to my portfolio last summer and the stabilisation in revenues, particularly in Clothing & Home in Thursday’s (12 Jan 2017) Q3 sales IMS continues to support that decision. […]
Continue readingRead the notes!
Reading the notes to company releases is always wise, even if it can seem numbingly dull as you wade through the IR padding and still can’t find what you want. Sometimes however you stumble across something buried deep in the notes that stops you in your tracks with one of those ‘WTF’ moments. One such […]
Continue readingWhat equity valuations might be trying to tell you!
Hang on, according to the ‘experts’, this wasn’t supposed to happen! Having been fed a diet of gloom by everyone from Hedgies (Bridgewater), Academics/Economists (Dartmouth/MITI/Krugman), Banks (Citi) and wealthy investors (Mark Cuban – see end for links) should Trump get elected, markets have done what they do best and confound the experts, with US equity […]
Continue readingGartner Inc follow-up as US jobs data confirms softening trend for Info segment
Last month I flagged a warning on Gartner Inc. Consensus forecasts for a sustained rate of revenue growth over the next two years are clearly wrong. The question is whether they are too high or too low. In the blog piece on the subject I highlighted the correlation of the group’s organic revenue record to […]
Continue readingMarket crash? – depends who blinks first
Although the GrowthRater is a relative engine to establish stock valuation and risk relative to to broader market equity returns, that doesn’t mean we aren’t keenly aware of what these are, or might become, it is just that we do not impose our view on whether this is good or bad on the investment process. […]
Continue readingIs it a surprise that most investors lose money when they are relying on a flawed metric?
Confused? Don’t worry, because you’re supposed to be. That way you can be sold a metric that has been anointed as the approved currency by which you are meant to determine the value of the goods or services being transacted. The fact that this currency may be flawed is fairly immaterial because it’s good for […]
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