Special thanks to Ben Chun for his contributions to this article Growth is painful. Change is painful. But nothing is as painful as staying stuck somewhere you don’t belong. – Mandy Hale In the last installment, we talked about the Dutch Auction Tender Offer, where a company buys back shares based on a reverse auction […]
Yield Curve Inversion
As the summer winds down, we at Triple Summit Advisors know that you can’t wait to get to that one last summer read that has been on your list all season and that you now finally have a chance to read. If you’re anything like us, that summer read is all about the one thing […]
Legal Tender – Part 2 – Going Dutch
“Groups are only smart when there is a balance between the information that everyone in the group shares and the information that each of the members of the group holds privately. It’s the combination of all of those pieces of independent information, some of them right, some of them wrong, that keeps the group wise.” […]
Legal Tender – Part 1 – Cash on Cash
“Before figuring out how you will win the game, figure out which game to play.” – Michael Maubossuin In the traditional analytical framework of investing, a share of stock is valued as the net present value of all the free cash flow of a firm (based on an appropriate discount rate) divided by the […]