Moody’s, Fitch and S&P rated 98% of municipal bonds which were greater than $50 million in 2010. Three companies have 98% of the market – this despite (more…)
Archive for November, 2011
The Credit Rating Oligopoly
Tuesday, November 29th, 2011Peter’s Business Valuation Discussion on (Online) Radio
Thursday, November 24th, 2011Where did the Equity Risk Premium Go?
Tuesday, November 22nd, 2011For the 30 years ended September 30, 2011, treasuries with maturities greater than 20 years averaged 11.5%, according to the Ibbotson Long-term government bond index. The S&P 500 index, on the other hand, only returned (more…)
Leverage: Beware
Thursday, November 17th, 2011MF Global is in bankruptcy after acquiring $40 billion of debt – that is with a capital “B”.
It actually borrowed $40 for every (more…)
Zynga: Going Public with “One” Customer
Wednesday, November 9th, 2011The majority of Zynga’s more than $1 billion of revenue in sales last year came from games on (more…)
Boise Companies on an Acquisition Spree
Saturday, November 5th, 2011I just read the most recent 3Q earnings announcements for “Boise” companies. The earnings record was mixed, but (more…)
