The best way to value Ensco (ESV), and the offshore oil drillers more generally, is to value them on the basis of their assets. These companies are obviously not earning any money right now, and when they do earn money, their earnings are very cyclical in nature, thus making earnings based analyses (like DCF’s) that make projections of regular earnings into the future inapplicable. So, in....More>>>
Doug Hughes focuses on lesser-known, small cap regional banks; the editor of Bank Newsletter looks for banks that operate in attractive regional markets, often ones that would be attractive acquisition targets.
AvidBank Holdings (AVBH) has the fastest growth of any bank out there and yet is still one of the safest with almost no bad loans, and a great, great market area in Palo Alto,....More>>>
Donald Trump, who famously called himself the “king of debt,” may have ironically brought about the end of Wall Street’s golden age in debt.
Societe Generale warned investors this week that the decade-long party in the debt markets “is over.” Borrowing costs are poised to rise rapidly, hurting the economy and fueling a stampede out of debt funds more powerful....More>>>
Consumer spending makes up about 70% of the U.S. economy, according the Federal Reserve Bank of St. Louis. And that money goes to more than just the stores and product manufacturers.
It also is the heart of the tax base for municipal, state and federal governments. It drives the entire nation.
When it’s sluggish, it’s not an encouraging....More>>>