The story quotes CASH Asset Management director Patrick Yiu noting that China Unicom has seen no particular boost to earnings after signing a three-year deal with Apple in 2009.
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But they have failed to address the products' fundamental weakness: that a lumpy property portfolio is being sold as a cash asset, tradable at daily prices with limited downside risk.
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The company actually gets smaller, because it has less assets and less equity. (Compared to LInked-In, for example, that grew larger by selling shares and increasing its cash asset.) Over time the cash disappears, and the equity disappears.
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Importantly, as part of this model, one should consider cash an asset class and be prepared to go to all cash if necessary.
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The plan for the Asian assets would involve Alibaba creating a subsidiary into which it would put several billion dollars of cash, plus an operating asset that Yahoo wants to buy using additional cash from Alibaba, almost like giving Yahoo a prepaid card for an asset of its choice, the people said.
Present value analysis contends that the current value of an asset is best determined by discounting the cash flows expected to be derived from the asset by the firm's cost of capital.
Capital charges are higher for commercial property than for homes but banks can still be seduced by the apparent stability of a real asset producing predictable cash flows.
Here is a better way to value stocks: First, the investor should weigh the cost of capital against the firm's stream of current and future free cash flows to determine the asset's value.
He oversaw half a dozen businesses and was looking at how KN (now Kinder Morgan) could cash in on a hidden asset: rights-of-way for 40, 000 kilometers of pipes across 26 states, precious assets for fiber builders.
He oversaw half a dozen businesses and was looking at how KN (now Kinder Morgan) could cash in on a hidden asset: rights-of-way for 25, 000 miles of pipes across 26 states, precious assets for fiber builders.
He oversaw half a dozen businesses and was looking at how KN--now Kinder Morgan (nyse: KMI - news - people)--could cash in on a hidden asset: rights-of-way for 25, 000 miles of pipes across 26 states, precious assets for fiber builders.
Of fresh thinking about ways to drive organic growth, versus merely undertake activities like asset sales that infuse cash (however much that might be needed).
In some cases, this will include cash to be obtained by selling the asset at some future time.
Marathon Patent Group again purchased an asset that will provide future cash flow when revenue trickles in from these 16 defendants.
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The BlackRock segment manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, multi-asset class, alternative and cash management separate accounts and funds, including iShares.
At a time when Nokia is conserving cash by suspending dividend payouts and leasing its headquarters instead of owning it, NSN is proving highly valuable with its steady cash flows despite not being a core asset.
Though he wasn't there at the time, Meyer says Harvard Management bought the commodity and foreign stock derivatives as a way to get exposure to those asset classes while freeing up cash to put to work elsewhere.
Banks, brokers and asset managers are vying for the cash of the same customers.
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In this way you could enjoy the best of all investment worlds, an appreciating asset with a strong and predictable cash flow.
Imagine the potential for trouble monetizing this giant liability side of the balance sheet while selling the asset side to mop up the cash again.
Moreover, cash in a 529 counts as a parental asset, so it has less effect on your eligibility for college financial aid than assets in the child's name.
Given the overallocation into cash, bonds, gold and any other asset that creates a sense of security, not to mention all the short sellers out there, one must assume that the greatest harm to the most number of investors will be done through a sizable move to the upside over the next 6-8 weeks.
Their primary investing goal is the expansion of their asset base, but they maintain large cash piles.
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Big firms are sitting on piles of cash and might be goosed into spending some by asset purchases.
Vivendi had given itself some room to take less cash, say credit analysts, thanks to earlier asset disposals and high-yield bond issuance.
Some financial buyers could simply regard it as a wasting asset that can be used as a cash cow to fund other activities.
The common assumption that has prevailed among money managers over time is that asset allocation among stocks, bonds and cash helps to mitigate the risk of suffering market losses through diversification.
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