Aswath Damodaran: How To Value Distressed Firms

Hello 1, ​ please check out the top stories from ValueWalk below! Dear Reader, One of the world's great stock pickers just did something crazy. He went[onstage and outed a secret stock that trades under a hidden name.](=) [See the leaked footage here.](=) Now, keep in mind... this stock picker is legendary for his big trades. He personally bought Apple in the '90s, when NOBODY thought Apple was going anywhere... and still holds every share. He bought Amazon in the early 2000s... and still holds every share. He even bought Netflix THIRTEEN years ago... and still holds every share. I've looked through his personal trading records... and let me assure you, it's absurd how much he made on these trades. But now he's done something I never thought I'd see.[(Live camera footage here.)](=) He's outed a secret stock - trading for less than $3 - that he says is his next big score. [Click here to see the details for yourself.](=) When he revealed what was going on to the crowd, they went crazy. Sincerely, P.S. The secret $3 stock is set to bring $50,000 new jobs to America. And even Donald Trump caught wind of what the company is doing. He called it the "eighth wonder of the world." If you miss this story, you'll be kicking yourself for years [Aswath Damodaran: How To Value Distressed Firms]( Most firms will, at some point in their lives, have to deal with decline. Indeed, firms often see declines revenues and lower margins, which translates into negative expected growth, at one or all of their business divisions at some point. Q1 hedge fund letters, conference, scoops etc [Compass Minerals International, Inc. (CMP): Debt Ruins Most Silver Linings]() SUMMARY Compass Minerals International, Inc. (NYSE:CMP) is the largest producer of mineral salts and specialty plant nutrition salts such as Sulfate of potash. The company has had volatile history with diminishing profitability and alerting levels of debt The high dividend yield to is a mirage as the earnings have failed to cover them for the […] [Charlie Munger: How Do You Become A Better Investor](=) Here’s a great passage from Poor Charlie’s Almanac in which Charlie Munger provides some sage advice on how one can become a better investor saying: Q1 hedge fund letters, conference, scoops etc [U.S. Treasury Yields To Cascade Into Negative Territory]() Headline: [Odds For Fed Rate Cut July 31 Just Hit 100% – Unbelievable!]( FORECASTS & TRENDS E-LETTER [Rivian Building All-Electric Pickup Trucks]() Whitney Tilson’s email to investors discussing Galileo Russell is really, really excited, Tesla Inc (NASDAQ:TSLA) may report a profit this quarter; a friend’s comments on Rivian. 1) Galileo Russell is “really, really excited; the report is far better than my […] The post [Rivian Building All-Electric Pickup Trucks]() appeared first on [ValueWalk](=). [Absolute Return Partners July 2019 Letter: Energy Misconceptions]() Absolute Return Partners letter to investors for the month of July 2019, titled, “Energy Misconceptions.” Q1 hedge fund letters, conference, scoops etc [Choice Equities On Reed’s, Drive Shack And The Rubicon Project]() Hidden Value Stocks newsletter for the second quarter ended June 30, 2019, featuring an interview with Mitchell Scott, the portfolio manager and founder of Choice Equities Capital Management. An in-depth excerpt below and readers can find the full issue at […] The post [Choice Equities On Reed’s, Drive Shack And The Rubicon Project]() appeared first on [ValueWalk](=). [Rising Gold Prices Weren’t Enough To Offset Plunging Copper And Oil For This Fund]() Gold has been making a strong comeback in 2019 with prices soaring to multi-year highs, but other commodities haven't fared so well. May especially was marked by a strong correction which weighed on one fund's results for the month. Q1 hedge fund letters, conference, scoops . . . SORRY! This content is exclusively for paying […] [Askeladden Capital 2Q19 Letter: Askeladden Reloaded]() Askeladden Capital letter to investors for the second quarter ended June 30, 2019. titled, “Askeladden Reloaded.” Dear Partners, Year to date through 6/28/2019, Askeladden Capital Partners LP has returned in excess of ~ +37% gross, representing a positive spread of […] The post [Askeladden Capital 2Q19 Letter: Askeladden Reloaded]() appeared first on [ValueWalk](=). [Factor Olympics 1H 2019](=) And the Winner is… Q1 hedge fund letters, conference, scoops etc [Finding Companies Below Their Intrinsic Value Today]() Has value investing has been working as it worked before? The strategy that rewarded a great number of investors has been discussed recently. Buying stocks with the lowest valuations and selling those with the highest have been struggling this cycle. Q1 hedge fund letters, conference, scoops etc [How To Assess Private Equity Waterfalls]() Most private equity funds set their ”hurdle rate,” or preferred return, at around 8%, though this may vary depending on the fund’s strategy. This means the fund manager must generate an annualized net return of at least 8% for investors before the manager can share in any of the profits. Q1 hedge fund letters, conference, […] [Third Point Joins Pershing In Opposing UTC’s Merger With Raytheon]() In another week of anti-deal activism, Third Point Partners on Friday joined fellow activist investor Pershing Square Capital Management in opposing United Technologies Corporation (NYSE:UTX)’s proposed merger with Raytheon Company (NYSE:RTN). Days earlier, Carl Icahn filed a preliminary proxy statement […] The post [Third Point Joins Pershing In Opposing UTC’s Merger With Raytheon]() appeared first on [ValueWalk](=). [Stan Druckenmiller “God Help Us If We Get In A Recession”]( Well-known surveys from firms like Bank of America Merrill Lynch suggest most investors don’t expect a recession until next year at least, but Stanley Druckenmiller warned in a recent interview that some less-obvious warning signs are starting to appear. He […] The post [Stan Druckenmiller “God Help Us If We Get In A Recession”]( appeared first on [ValueWalk](=). [The Case For Amazon’s “Death”; Warning Signs Of “Demise”]() We’re starting to see a very interesting trend within technology stocks. Big names like Apple are now sometimes being discussed as value stocks, and although this hasn’t happened with any of the FANG names yet, it might happen one day […] The post [The Case For Amazon’s “Death”; Warning Signs Of “Demise”]() appeared first on [ValueWalk](=). [Tollymore Investment Partners 1H19 Letter: The Rise Of The Platform]( Tollymore Investment Partners’ letter to investors for the first half of the year ended June 30, 2019. Q1 hedge fund letters, conference, scoops etc Dear partners, Tollymore generated returns of +20% in the first six months of 2019. Tollymore has […] The post [Tollymore Investment Partners 1H19 Letter: The Rise Of The Platform]( appeared first on [ValueWalk](=). [Fixed Income Is Dominating ETF Flows, Smart Beta And Active Are Gaining](=) Exchange-traded funds continue to play a major role in investment portfolios amid the shift toward passive investment options, but even ETFs aren’t immune from liquidations and flow problems. UBS reports that although there are more than 100 issuers of ETFs, […] The post [Fixed Income Is Dominating ETF Flows, Smart Beta And Active Are Gaining](=) appeared first on [ValueWalk](=). 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