FT Alphaville- Church’s price hike: cobblers or canny? April 16, 2021If we’re going to see demand-driven inflation anywhere, then the luxury segment is an obvious place to look.
- Sir David Spiegelhalter: ‘Risk is a very loaded term’ April 16, 2021The statistician on the UK government’s ‘number theatre’, the value of lockdown sceptics and the use (and misuse) of statistics
- Get shorty: how Clinuvel Pharmaceuticals beat the hedgies April 16, 2021A story of $500,000 stuffed into underwear, skin disease and short sellers.
- Capitalising intangibles and indeterminate losses April 15, 2021Michael Mauboussin takes a look at one of the most fraught talking points in investing.
- Further reading April 15, 2021mRNA vaccines; Erdogan’s new dove; data inoperability; Mick Jagger; and much more.
- Church’s price hike: cobblers or canny? April 16, 2021
Category Archives: Choice Debt Equity
What do you do with $ 30 bn cash ?
On October 10th, it was revealed that Google is developing a self-driving car and that it had already tested it over 140,000 miles of public roads. I also learned, reading that article, that Google is sponsoring a prize for landing … Continue reading
The limits of covenants
On October 5th 2010, the Flemish business paper De Tijd published a short article entitled “Banken blijven noodlijdend technologiebedrijf Option steunen” (Banks are obliged to go on supporting the technology company Option). Option is a Belgian company manufacturing mobile modems. … Continue reading
Posted in Choice Debt Equity, Debt structure
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Conflict between shareholders and lenders: the perfect example
For years, I have been explaining to my students that there is a potential conflict of interest between the owners of a company and the people that lend money to it. Indeed, shareholders have the chance to get an upside on … Continue reading
Posted in Choice Debt Equity, Equity
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