A unicorn is a magical beast , a horse-like, horned creature that is so rare, that even in mythology, you almost never run into a blessing o...
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Cash, Debt and PE Ratios: Cash is an upper and debt is a downer!
In my last post, I looked at the leavening effect that large cash balances have on PE ratios, especially in a low-interest rate environment....
The Value and Pricing of Cash: Why low interest rates & large cash balances skew PE ratios
For an asset that should be easy to value and analyze, cash has been in the news a lot in the last few months, both when it has been returne...
No Light at the end of the Tunnel: Investing in Bad Businesses
I am a cynic when it comes to both CEOs and equity research analysts. I think that many CEOs are political animals, bereft of vision and mas...
