There were a lot of tactical moves to be made late last week, with lots of patterns triggering on Off the Charts and the Price Point Sheet.
Bank of America (NASDAQ:BAC) was the focus on the Price Point Sheet and Off the Charts newsletters last week and then JP Morgan (NYSE:JPM) played some catch up on Friday.
But if visionary Jeff Bezos can become so drunk with hubris over his rising share price that he engineers the balance sheet boner of the decade, then perhaps we all should pray for humility, as well as vision, as we race toward the new millennium.
At the end of the year, he repeated this process, adjusting for changes in health and market prices, and the difference in price was recorded on the final balance sheet.
FORBES: The Messy Link Between Slave Owners and Modern Management
The theme running through these properties is low to moderate price-earnings ratios, impeccable balance sheet strength, high free cash flow generation and the capacity to indulge in financial engineering in the form of share buybacks, dividends and deal activity.
That might dilute the stakes which are held by some of the magnates who control these businesses, but would be a fair price to pay to resuscitate the balance-sheet of a vital industry.
Some argue that a purged balance sheet, coupled with a battered share price, makes it a much more attractive takeover target.
Use Schedule D, which long has been used for reporting transactions, as a summary sheet to report amounts for total sales price, basis and other adjustments and to figure how much tax you may owe.
WSJ: There Are Few Changes to Contend With for the 2011 Tax Year
As the Fed's balance sheet expands, it becomes more of a price maker than a price taker in the Treasury market.
At the time--and through late October, until EchoStar won the bidding--News Corp. had been intent on acquiring DirecTV from General Motors, at a price that would have strained the News Corp. balance sheet.
It too has a debt-free balance sheet and gets only marginally higher marks for share price value from the charts.
Finally, the acquisition binge has left Danaher with a mountain of goodwill on its balance sheet--goodwill being the excess of the purchase price over the book value of the acquired business.
The company excelled in revenue growth and share price growth, but there was no reality check provided by the balance sheet.
Assuming solid management and a good balance sheet, this should lead to a jump in profitability and stock price.
In addition, Alliance Fiber sports a debt-free balance sheet with 75 cents per share in cash, while Bookham's price-to-sales ratio is 1.6.
First and foremost, however, we look closely at the balance sheet and make sure the company is fiscally sound, with a lean price-to-earnings ratio.
Investors are driving up the price of big banks and REITs, ignoring the major issues hidden in the balance sheet and the footnotes to financial statements.
FORBES: Financial Sector Funds And ETFs Need Less Citi, More Discover
The sector may be paying a price for its cleverness, and for all those complex products and-off balance-sheet vehicles that seemed to be working so well in the good years.
Obviously if the derivative assets were included in the balance sheet as they are under the International Financial Reporting Standards (IFRS) rules, the price-to-book ratio would be significantly lower.
That might be a price worth paying if it paved the way for a faster restructuring of the U.K. balance sheet, including the writing-off of unsustainable debts.
In many countries, the buyer must record the difference between the price of the acquisition and the target firm's reported assets as a new asset on its balance sheet.
It may be a small part of RBS's vast balance sheet, but it's another test of whether this emerging Asian giant is willing to pay the price of globalisation while its outward-looking businesses are reaping the rewards.
应用推荐