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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. In contrast, industrial giant GE’s stock price has declined by 44 % over the last year, as news emerged about its first losses in last 50 years. Let’s first look at the balance sheet.

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War Between Spain and Germany Erupts Over Next Round of Watered Down Stress Tests; Germany Complains About the "Carry Trade"

MishTalk

Draghiz e: "The test is credible because the ultimate purpose of it is to restore or strengthen private sector confidence in the soundness of the banks, in the quality of their balance sheets" Mish : The test is credible because we say it is. Conclusion: expect another stress-free test.

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

Of course, there is also persistent overoptimism about earnings growth and stock market expectations. Trucking Industry Entering a Profit-Killing Era of Overcapacity? factory activity grew last month at its slowest pace since May 2013 as manufacturers pared their stockpiles and cut jobs. The Fed never sees them coming.

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Credit Equals Gold No.1

MishTalk

Industrial and Commercial Bank of China, the world''s largest bank by assets, said on Thursday that it has no plans to use its own money to repay investors in a troubled off-balance-sheet investment product that it helped to market." Industrial & Commercial Bank of China Ltd. Investors should have taken a hit.

Banking 72
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Kodak’s Downfall Wasn’t About Technology

Harvard Business

Today, the term increasingly serves as a corporate bogeyman that warns executives of the need to stand up and respond when disruptive developments encroach on their market. The company filed for bankruptcy protection in 2012, exited legacy businesses and sold off its patents before re-emerging as a sharply smaller company in 2013.

Film 28
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Nifty-Fifty Becomes Fab-Five; Return of the "Four Horseman"; Ozone Layer

MishTalk

Nonetheless, the long bear market of the 1970s that lasted until 1982 caused valuations of the nifty fifty to fall to low levels along with the rest of the market, with most of the Nifty-Fifty under-performing the broader market averages. on 10/29/2013. That theory was labeled the " Nifty-Fifty ". It is now $53.85.

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China's Forex Reserves Drop Most On Record: What Does It Mean? Inflation Tsunami?

MishTalk

"Bombshell Event of the Year" Peter Schiff predicted a Bombshell Event in November of 2013. Bombshell Quotes The following "bombshell" quotes are from The Schiff Report (11/22/2013). "If If China isn't going to expand its balance sheet anymore, that means it has to stop buying treasuries. Now what does that mean?