Minute Markets 5/9/24
Key Events 👉Uber posts earnings, report large equity markdown Uber’s Q1 results on Wednesday came in slightly above estimates for revenue and EPS, but an unexpected loss caused the stock to slide 5%. Uber’s net loss in Q1 was $654M, which was a sharp y/y decline from $156M. The company said on Wednesday that its net loss was due to
True Success is Failing with Enthusiasm
Success is about failing in and out without losing enthusiasm. You need to be persistent. Hey, even outright crazy. The ability to fall, stand up, fall, stand up. It’s not taught in school. This is known. But even then we do so little to change it. I have struggled to build this muscle. Because most things I do require little
Stress is a Stress
The source of our stress is knowing that we are stressed. Why are we constantly living in a world of stress? Because there is a lot around us. There is constant stimulation in the external world. Things “needing” our attention. And, knowing that there are things that need our attention creates stress. Knowing that we have more unfinished tasks than
Minute Markets 5/8/24
Key Events 👉 Reddit shares soar after first public earnings release Reddit shares climbed 11% at the open Wednesday after strong results and revenue guidance that surpassed expectations. The company posted a 48% increase in revenue y/y and loss per share came at ($8.20) versus the ($8.71) estimate. The earnings beat was driven by growth in Reddit’s advertising business. This
Best Reads for Investment Banking
There are an abundance of books on finance that can help build and refine your financial understanding. This is a list of resources that we have recommended to our students as materials to supplement their learning in the past. Textbooks Frankly, most finance textbooks tend to be pretty dense and cannot be read like a normal book. As is the
Question of the Day 5/7
Question Are the 3.71% – 4.36% notes under the Long-term Debt footnote of SpartanNash representative of the face value, book value, or market value of debt? A) Book Value B) Face ValueC) Market Value Answer Answer: B) Face Value Explanation: The total debt represents the face value of debt which is directly plugged into the company’s long-term debt balance on
Minute Markets 5/6/24
Key Events 👉Chinese EV company Zeekr prepares for U.S. IPO Premium electric vehicle company and Chinese Tesla competitor Zeekr targets $5B valuation, marking the first significant IPO by a China-based company in the U.S. in over two years. The electric vehicle maker intends to raise $367M by offering 17.5M American depositary shares (ADS) priced at $18 – $21. What are
Discounting Period Under Exit Multiple Approach
If the terminal year cash flow is discounted by 4.5 years, why would we discount the terminal value by 5 years? There are 2 ways to determine the terminal value of a company. In the first case, we are implicitly projecting the growing cash flow stream indefinitely. Then, finding the present value. In this case, it makes sense to keep
Reminiscing About The Past
Find something that lets you reminisce about the past and remember how far you have come. For me that thing is running. Whenever I come back home, I like to go for a run. I used to run a lot in high school. Cross country. Track and field. Recreationally. I vividly remember the school bell ringing at 2:19pm and getting
Question of the Day 5/5
Question In January, DropoutEdu sold and delivered $100 worth of textbooks to customers. But, the customers only need to pay cash for the purchase in February. Assuming a 25% tax rate, how much would DropoutEdu report in earnings in February? Answer Answer: 0 Explanation: Cash is irrelevant to income statement earnings. The goods were transferred in January, so it does
