The GM Buyback: Beyond the Hysteria!

Here is a script for a movie about the evils of stock buybacks, with the following players. The victim is an well-managed company in a bus...

Illiquidity and Bubbles in Private Share Markets: Testing Mark Cuban's thesis!

It looks like  Alibaba is investing $200 million in Snapchat , translating (at least according to deal watchers) into a value of $15 billion...

The Aging of the Tech Sector: The Pricing Divergence of Young and Old Tech Companies

As the NASDAQ approaches historic highs, Apple’s market cap exceeds that of the Bovespa (the Brazilian equity index) and young social media ...

DCF Myth 1: If you have a D(discount rate) and a CF (cash flow), you have a DCF!

Earlier this year, I started my series on discounted cash flow valuations (DCF) with a post that listed ten common myths in DCF and promise...

How low can you go? Doing the Petrobras Limbo!

A few months ago, I suggested that investors venture where it is darkest, the nether regions of the corporate world where country risk, comm...