Nov 23, 2015 by Alex Dumortier, CFA3 Reasons to Be Skeptical of the Pfizer-Allergan Mega-MergerPfizer Inc. and Allergan PLC announce a blockbuster $160 billion merger, but the market appears skeptical.
Nov 21, 2015 by Alex Dumortier, CFA, Jason Hall, and Adam GalasThe Next Energy Company on Warren Buffett's RadarBerkshire Hathaway Inc. is now the largest shareholder of Phillips 66, with an 11.5% stake. What's the next energy company on Warren Buffett's radar?
Nov 20, 2015 by Alex Dumortier, CFAThe Market Plays Catch-Up With Nike's Share Buyback Performance Nike Inc announces a new $12 billion share repurchase program and raises its dividend 14%, as the market shows its appreciation.
Nov 19, 2015 by Alex Dumortier, CFASquare Inc's IPO: Investors Are Trying to Square the CircleAfter being priced below their initial pricing, shares of payments startup Square Inc are enjoying a significant "pop" on their first day of trading. Is it warranted?
Nov 18, 2015 by Alex Dumortier, CFAShould Investors Hook Up With Match Group's IPO?Shares of Match Group will begin trading tomorrow, but investors may want to postpone their first date with the online dating company.
Nov 17, 2015 by Alex Dumortier, CFAWith IACInterActiveCorp's Offer, Angie's List Needs to Speed Up, Not Slow DownAngie's List puts IACInterActiveCorp's $8.75 per share on ice, but shareholders deserve a greater sense of urgency.
Nov 16, 2015 by Alex Dumortier, CFAThe Real Reason Warren Buffett Sold Goldman Sachs SharesWarren Buffett says Berkshire Hathaway Inc. sold shares of Goldman Sachs and Wal-Mart Stores, Inc. in order to fund its $32 billion acquisition of Precision Castparts.
Nov 15, 2015 by Alex Dumortier, CFAYou'll Never Guess Which Billionaire Is Fighting for Income EqualityLegendary activist investor Carl Icahn is concerned that CEO compensation and short-termism are increasing inequality and harming the economy's long-term prospects.
Nov 13, 2015 by Alex Dumortier, CFAGoldman Sachs Warns: Companies' Debt Has More Than Doubled!Goldman Sachs highlights an uncomfortable reality: U.S. companies have been re-leveraging themselves to fund acquisitions, dividends, and buybacks.
Nov 12, 2015 by Alex Dumortier, CFAValeant Pharmaceuticals: Wall Street Needs a Refresher ClassNew York University's Aswath Damodaran puts a $77 estimate on Valeant Pharmaceuticals International Inc. Wall Street analysts will need to catch up.
Nov 11, 2015 by Alex Dumortier, CFADropbox, Snapchat, and Square: The Case of the Shrinking UnicornsThe transition to public markets may get bumpy for some of Silicon Valley's "unicorns."
Nov 10, 2015 by Alex Dumortier, CFABerkshire Hathaway and the Billion-Dollar Acquisition No One NoticedBerkshire Hathaway's latest quarterly reveals a billion-dollar acquisition by one of its subsidiaries.
Nov 9, 2015 by Alex Dumortier, CFALiberty LiLAC Group Picks Up Speed in Latest QuarterThe company's third quarter results show accelerating growth.
Nov 9, 2015 by Alex Dumortier, CFAGoldman Sachs' "Bloody Ridiculous Investing Concept"Launched to capitalize on an over-hyped concept, Goldman Sachs finally shutters its BRIC fund.
Nov 6, 2015 by Alex Dumortier, CFAVolkswagen AG and Valeant Pharmaceuticals: The Price of "What Else Is There?"Volkswagen AG and Valeant Pharmaceuticals have seen their market value decimated, but the scandals they face are qualitatively different.
Nov 5, 2015 by Alex Dumortier, CFAThe $7 Billion Accounting Gain Behind Berkshire Hathaway's Record QuarterBerkshire Hathaway must recognize a $7 billion capital gain on its investment in Kraft Heinz Co.
Nov 4, 2015 by Alex Dumortier, CFAWhy Did Soros Fire the "Bond King," Bill Gross?Soros Fund Management pulls a half-billion dollar account under Bill Gross's care at Janus after less than a year.
Nov 3, 2015 by Alex Dumortier, CFA, Andrew Tonner, and Tim BeyersThe Next Tech Buyout Wall Street Doesn't See Coming2015 has been a banner year for M&A. Here are three potential technology buyouts.
Nov 3, 2015 by Alex Dumortier, CFAA Big Flop: King Digital Entertainment's Saga of the Public MarketActivision Blizzard is acquiring King Digital Entertainment for $18 per share, a 20% discount to its March 2014 initial public offering price.
Nov 2, 2015 by Alex Dumortier, CFAVisa Swipes Visa Europe for $23.4 Billion -- FinallyVisa Inc is making a smart decision in bringing Visa Europe back into the fold.