In this session, I first look at dealing with money-losing companies and then move on to estimating reinvestment and cash flows to equity. I close the session by starting the discussion of growth rates by examining historical growth and analyst forecasts.
Aswath Damodaran; More On Cash Flows & First Steps On Growth
In this session, I look past the regression at the fundamental determinants of betas – the business choices you make and the financial leverage you take on.
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More