Posts filed under “M&A”
FT: When investors are complacent, stupid deals happen
Last week, I pointed out some statistical errors in a chart suggesting that Rupert Murdoch’s bid for Time Warner was a sign of the market’s top. The chart had enough omissions to render it useless.
Today, I want to show you a (slightly) better version of the same idea. Continues here
As an update to yesterday’s critique, this video shows how takeovers and M&A often follow market prices. Collectively, they could show increased risk appetite, and perhaps signal an eventual top (wish the chart went further back than 1995).
FT: Mergers and acquisitions are booming. James Mackintosh, investment editor, analyses whether we’ve reached the stage where deals become truly daft, or whether there’s room for companies to gear up still further.
Jul 17, 2014
Yesterday morning, we learned of Rupert Murdoch’s bid for Time Warner for as much as $85 dollar a share, or more than $75 billion. Soon after, the annotated chart below showing the Standard & Poor’s 500 Index began circulating on trading desks and websites, suggesting Murdoch’s offer signaled a market top. Source: Financial Insyghts LLC…Read More
He’s creatively bankrupt. Recent studies show that few post and no one clicks through on likes, what’s a poor boy to do? Buy something with all that Wall Street money to deflect criticism as those prognosticating and investing miss the point. Steve Jobs is a hero not because he started the computer revolution, but because…Read More
Defense! Google’s Nest Labs acquisition is a smart move Barry Ritholtz Washington Post, January 26 2014 With the Super Bowl just a week away, the age-old question of whether offense or defense wins big games is at hand. “The best defense is a good offense,” goes the saying, with the Denver Broncos called…Read More
> My Sunday Washington Post Business Section column is out. This morning, we look at Google’s acquisition of Nest Labs. My perspective is that Google is trying to avoid being disrupted or marginalized the way so many other tech companies have been. Here’s an excerpt from the column: “Perhaps the granddaddy of cautionary technology…Read More
I have been thinking about Google’s acquisition of Next Lab’s last week for the eye-popping sum of $3.2 billion dollars. There have been numerous criticisms of the acquisition in terms of cost, with some chatter of this as evidence of a bubble in Silicon Valley. Perhaps it is worth considering this from a different perspective….Read More