Reading Time: 2 minutes I can think of two scenarios: one is acquisition is done via cash; another one is done by stocks (and the stock itself is overvalued). The yardstick of overpayment ====== EBITA or EBITDA (or use Charlie Munger’s word, replace it with bullshit) I know from my own software industry experience, 10x sales (or revenue) is
Reading Time: 2 minutes (Update 04-18-2024) Reuters – Exclusive: Bentley Systems explores options amid takeover interest, sources say (Update 02-27-2024) The Q4 2023 results is out. The IR webpage has the conference call. Learned a new buzz word “digital twin” last few days, 1st from the Unity Software (which just had a bad quarter, btw), then confirmed by Bentley
Reading Time: 2 minutes Background Years ago when I think of AI, I only think about the autonomous driving (driverless car or self driving car). The tech behind it is so called “deep learning“, and it’s a part of Artificial Intelligence. Now it’s all the Chatgpt and Generative AI, or in Chinese tech community, AIGC (AIG generated content) is
Reading Time: 4 minutes The handling of #pandemic in the USA is unthinkable a few years ago. But at the same time, it’s not totally uncharted territory as in my last 20+ years here in the US, I have seen at least 3 major incidents or economy crisis following it. One is the dot com bust, then followed by
Reading Time: < 1 minute I came across a good discussion on the topic here at Baidu. Interesting discussions. Btw, I thought about it before reading that, and decided to give most of my earnings to OCEF. Today I saw my name on the report. Good: really I don’t care too much about my name there, and I know my
Reading Time: 3 minutes (Update 21Oct09) Baird analyst downgraded BEE. The stock dropped quite a bit. Also, I found the web site of Vector Group Ltd here. Vector Group bought a 7.1% stake in BEE on July 8 (SEC filing here). Note the owners of BEE includes Bill Gates (via. his Cascade Investment). A Hotel REIT list. (Original) Ticker
Reading Time: 2 minutes Week in review 042009 – 042509 According to Obama administration‘s stress test, the magic number is 19. Basically they are saying the US gov will do whatever necessary to keep the big ones afloat because they are systematically important. Or in laymen’s words, they are too big to fail. Sorry, those smaller ones, I mean
Reading Time: < 1 minute This morning, Ingersoll Rand (NYSE: IR), the diversified industrial company makes procucts to air conditioner (Trane) to Schlage locks, reported its Q4 2008 earning this morning. Some highlights: it wrote down $3.7 billion (pre-tax, $3.4 b after tax) from Trane acqusition, or a loss of $10.56 per share. Interestingly, the stock went up about 15%
Reading Time: 2 minutes I felt lucky I did sell some Spreadtrum (Nasdaq:SPRD) shares a short while ago when it exceeded $6 (a quick pop). But I don’t know why I bought some back couple days ago at $4.48. I did not bet on earning these days, but this one had dropped quite a bit from the pop, and
Reading Time: 15 minutes I found fun read Briefing (via. Yahoo Finance) market summary, esp. on an eventful day. 06-22-2009 Back to bear? 4:30 pm : The S&P 500 moved sharply lower in broad-based fashion, which took it below the key 900 level for the first time this month. With sellers in control, the session culminated in the stock
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