Number-wise, Nieman is fond of the company's dividend yield (0.9% as of Nov. 30) and low price-to-earnings, price-to-book and debt-to-equity metrics, but also sees potential in the company's active pursuit of alternative energy solutions.
Russell Croft, managers of the Croft Value and Croft Income funds, combine low earnings multiples with other indicators, such as cash flow, book value and debt-to-enterprise value.
Since this is a blog post, and not a debt consolidation book, I am keeping it brief here.
This question led to my first big book, Mountains of Debt (Oxford University Press), which compared the U.S. to Victorian Britain and Renaissance Florence, the other rich, powerful, debt-plagued cases.
After all, she says, analysts in the Middle East failed to predict the Arab Spring and very few experts saw the financial meltdown coming -- something she did three years before in her book " IOU: The Debt Threat".
Two years later, after pouring everything I had into that second novel, I was broke, back in debt, and the book had been rejected by almost every literary agent in America.
Obviously, the New Zealander who has staked his net worth on the future of the emerging economies is talking his book, but given the burgeoning debt in Greece, the United Kingdom and other European countries, Jennings may have a point when he says that as capital becomes more mobile it will look for the less obvious investment opportunities like Africa.
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They book losses when the value of their debt rises, and gains when it declines.
Indeed, early in the book he made the correct acknowledgment that debt focuses those who must labor under it.
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Their values, their book values, liquidate values, bad debt ratios, ROEs, ROAs, whatever you want to look at, were improving.
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We searched for companies trading at discounts to five-year-average multiples of sales and book value, with long-term debt-to-total-capital below 60% and long-term earnings-growth forecasts of at least 5% (annualized).
Over a year ago, more than a dozen former employees gave statements that outlined a scandalous litany of misdeeds--deliberately understating costs, hiding bad debt, backdating contracts to book orders earlier than accounting rules allow.
Usually, Wall Street firms book these arrangements as loans, so the debt stays on the books.
In his World War II book Citizen Soldiers, Ambrose clearly acknowledges his debt to Beyond the Beachhead, which was published by Stackpole Books .
"The debtors in our sample include accountants and computer engineers, doctors and dentists, clerks and executives, salesclerks and librarians, " they write in their new book, The Fragile Middle Class: Americans in Debt.
"We don't have any debt and we have cash on the book so these are the kinds of opportunities that we can take advantage of" and the competition often can't, says Matt Brokl, a vice president and associate general counsel.
His formula involves adding two main variables: the dealership's assets minus overall debt (also called "net tangible book value"), plus what Hall calls the "blue sky" value, equal to the dealer's pretax income times some multiple between one and six, depending on the health of the operation.
Articles in Institutional Investor show that more traditional asset managers, like pension funds, are buying real estate, investing in hedge funds, distressed debt and CLOs again and in hedges for their book, she added.
For instance, if a San Francisco broker-dealer wants an equity sales trader with both a series 7 and series 63 certification (exams that designate a particular knowledge set and the ability to get state registration to solicit debt and equity orders), and a transferable book of business, they can tailor a search for exactly those needs on StreetID.
But the impact can be all too real, as write-downs reduce overall book value and increase leverage ratios, a particular concern in these debt-averse times.
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He also looks at price-to-book, price-to-cash flow, price-to-cash and debt.
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