The TTS Blog
Adjusting Enterprise Value for Cash, Cash Equiv...
Charlie Munger, Buffett’s long-time partner, and chairman of Daily Journal Corporation (DJCO) was answering shareholder questions today when the subject of crypto came up. On being asked whether he was...
Adjusting Enterprise Value for Cash, Cash Equiv...
Charlie Munger, Buffett’s long-time partner, and chairman of Daily Journal Corporation (DJCO) was answering shareholder questions today when the subject of crypto came up. On being asked whether he was...
Hertz: 0-60 in 100 years. 60-0 in 0.5
The following three statements are all true: In November 2019, Hertz went out to investors asking for $750M. Investors, impressed with what they saw, gave the company $900M instead. In...
Hertz: 0-60 in 100 years. 60-0 in 0.5
The following three statements are all true: In November 2019, Hertz went out to investors asking for $750M. Investors, impressed with what they saw, gave the company $900M instead. In...
Neiman Marcus' last call
Neiman Marcus is the latest to join a list of growing retailers filing for bankruptcy and they both have something in common – enormous debt burdens from leveraged buyouts led...
Neiman Marcus' last call
Neiman Marcus is the latest to join a list of growing retailers filing for bankruptcy and they both have something in common – enormous debt burdens from leveraged buyouts led...
Excel Mishaps: Why It Pays to Have Excel OCD
A few firms who should have sanity-checked just one more time ...
Excel Mishaps: Why It Pays to Have Excel OCD
A few firms who should have sanity-checked just one more time ...
Kraft: A fallen angel
Last week, Kraft Heinz bonds were downgraded to junk status, making it one of the largest “fallen angels” to enter the junk-bond market since 2005! Here are some key points…
Kraft: A fallen angel
Last week, Kraft Heinz bonds were downgraded to junk status, making it one of the largest “fallen angels” to enter the junk-bond market since 2005! Here are some key points…