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Five banks dominated 80% of Brazil's financial assets, effectively operating as an oligopoly and imposing exorbitant fees on customers. Since 2020, Nubank has increased its customer base from 24 million to nearly 99 million today , or more than 56% of Brazil's adult population. million to 4.6
Petraeus, also Chairman of the KKR Global Institute, will leverage his extensive experience and relationships to support the firms partnerships and investment initiatives across the Gulf. The move builds on KKRs 16-year regional presence and direct capital deployment since 2019.
This acquisition follows Naxicaps earlier investments in Guntermann & Drunck (G&D) in 2020 and Tritec Electronic in 2022, as part of its strategy to consolidate and innovate in the control room industry. Source: AV Magazine Can’t stop reading?
The sector has become extremely attractive for investors, with LPs and asset managers pouring money into private credit. Banks have also taken the plunge to offer product and garner revenue lost within their traditional lending and leveraged finance practices (most notably broadly syndicated loans or BSL).
Chevron has invested in quality over quantity, giving it a diversified asset portfolio that can break even at lower oil prices. To top it all off, Chevron has an elite balance sheet with very low leverage. Because of the deal, Oxy entered the oil and gas downturn of 2020 overleveraged and saw its stock price fall to single digits.
The recent dividend cut at the Brookfield Real Assets Income Fund (NYSE: RA) led to a significant fall in the share price and called into question the sustainability of dividends in many closed-end funds. Not only do many of them come with mid-teens yields right now, but they tend to invest in a myriad of assets, which helps diversify risk.
BDCs tend to use leverage to help boost their payouts. While this leverage can help juice returns, it could also exacerbate losses during an economic downturn. is below the BDC average of 1.06, showing its more conservative use of leverage. Investing in middle-market companies isn't without risk.
And even during the collapse in 2020, WTI still averaged $39.16. In its earnings release, Chevron said that asset sales in Canada, Congo, and Alaska are part of its plan to divest $10 billion to $15 billion by 2026, with further structural changes expected to reduce costs by $2 billion to $3 billion from 2024 to the end of 2026.
These are vital assets, like pipelines and storage, that help move oil, natural gas, and the products into which they get turned around the world. For the most part, the partnership charges fees for the use of its assets, which creates fairly reliable cash flows over time. per unit in 2020. This is important.
We believe the introduction of spot bitcoin ETPs further evidences the maturation of bitcoin as an institutional grade asset class with broader regulatory recognition and institutional adoption. Since 2020 we've invested $825 million of total cash on our balance sheet. Cash flows from software operations.
I first added the midstream giant to my portfolio in early 2020, right before the pandemic hit. It repaid debt, which steadily drove down its leverage ratio. Today, Energy Transfer has a strong investment-grade balance sheet with a leverage ratio in the lower half of its 4.0-to-4.5x The MLP also has a well-balanced asset mix.
They also have geographic diversification via global asset portfolios. Notice that as the price of oil dropped in 2020, which crushed revenue and earnings for energy companies, Exxon and Chevron both increased their leverage. The best time to buy?
annually since 2020. For decades, ADM has leveraged its enormous global asset base to originate, process, and transport agricultural commodities between over 190 countries. If we factor in Hercules Capital's supplemental dividend, shareholders have seen their quarterly payments rise by 50% since 2020.
The company first bought shares in Q3 2020, cut the position in 2021, then began building it up again in Q3 2021. million 2/16/2021 12/31/2020 0 11/16/2020 9/30/2020 Data source: Berkshire Hathaway SEC Filings. million 2/16/2021 12/31/2020 0 11/16/2020 9/30/2020 Data source: Berkshire Hathaway SEC Filings.
In 2020, the price per barrel fell below $25, only to zoom past the $100 market two years later. That is, they acquire all sorts of additional assets that may not have the same return profile as the original well -- potentially squandering the original golden goose. Oil markets have been very volatile in recent years.
For the year, MicroStrategy is up a resounding 264%, and since 2020, it has outperformed every single S&P 500 stock. MicroStrategy has been on a Bitcoin buying spree since 2020, and makes regular Bitcoin purchases nearly every month. So is MicroStrategy really on track to become the first $1 trillion crypto stock?
The company has been on a Bitcoin buying spree since mid-2020, and currently holds more than 214,000 bitcoins on its balance sheet. BlackRock Finally, there's BlackRock, the largest asset manager in the world, with over $10 trillion in assets under management. That's more than 1% of all Bitcoin in circulation.
Much of Occidental's production, including CrownRock's assets, is in high-decline areas. But high oil prices should keep these assets highly profitable. Berkshire has also owned its Chevron stake longer than its Occidental position, first purchasing shares back in 2020. Occidental isn't just an upstream energy producer.
Metric Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2023 Stock Buybacks $66.1 AAPL Net Total Long Term Debt (Quarterly) data by YCharts Apple doesn't rely on leverage to operate its business. As of the first quarter of fiscal 2024, Apple's trove of these assets was $172.6 billion on buybacks and $72.5 billion $72.4
Consistency you can count on ExxonMobil and Chevron have geographically diverse global production assets with sizable refining segments and low-carbon ventures. Higher risk, higher potential reward The greatest beneficiaries of higher oil prices are leveraged companies or companies with higher breakeven levels. per share in 2020.
A digital collaboration Enbridge recently unveiled a collaboration with Microsoft and will use AI to drive significant advancements in safety, emissions reduction, and asset optimization across its pipeline and utility platforms. That will enhance safety, reduce complexity, and maintain the health of its assets. million-$219.9
Kinder Morgan has made the necessary moves to regain investors' trust Kinder Morgan slashed its dividend by 75% in December 2015 to preserve cash and address its overly leveraged balance sheet. Dominion used to own oil and natural gas production assets, pipelines, and utilities. Image source: Getty Images. per share to $0.63
However, most of the company's value now sits in Bitcoin , which management continually acquired since 2020. Executive Chairman Michael Saylor is among Bitcoin's most dedicated supporters and wants to eventually leverage MicroStrategy's assets to create a Bitcoin investment bank.
Texas Pacific will occasionally use excess cash to add to its asset portfolio. Over time, these assets will produce even more cash flow and help the business compound returns for investors. It expects to leverage its asset base to grow production to 2 million boe/d by 2027.
In October, it announced a major new expansion of the Bitcoin buying program it started back in August 2020. At the same time, he is now suggesting that other companies, both big and small, commit to making the token a balance sheet asset. It's using significant debt to get as much leverage as possible. For comparison, the U.S.
Could Marathon's stock soar even higher over the next 10 years as Bitcoin becomes a mainstream asset? Marathon's main strategies Marathon plans to grow by continuously expanding its fleet of BTC miners, leveraging its increasing scale to reduce its energy costs, and periodically selling some of its own BTC to boost its liquidity.
Management plans to divest non-core assets to accelerate the paydown of that debt. It did something similar following the Anadarko acquisition in 2019 and the subsequent drop in oil prices in 2020. After managing the company through the depressed oil prices of 2020 right after acquiring Anadarko, she seems to be up for almost any task.
of invested assets) The lion's share of Buffett's exposure to artificial intelligence rests on the shoulders of tech stock Apple (NASDAQ: AAPL) , which accounts for close to 45% of Berkshire's $410 billion of invested assets. As of the closing bell on July 10, a whopping 46% ($188.8 Apple: $183.9 billion (44.8% BYD: $2 billion (0.5%
If you want to know which stocks to buy at the beginning of a bull market, it pays to study Ark Invest, the asset management company run by Cathie Wood. Her flagship fund, the Ark Innovation ETF , gained 149% in 2020.
Since the end of 2020, EOG has generated more than $22 billion of free cash flow and more than $25 billion in adjusted net income. And we continue to improve our capital efficiency by leveraging technology and innovation across both our foundational and emerging assets. Here's Ezra. Now, here's Ezra to wrap up.
But Ackman believed the company still had valuable assets. By advocating for the value of the assets, Ackman was able to contribute to a bidding war for General Growth Properties. Among the problems that Ackman saw was an enormous amount of leverage. Just a simple credit downgrade would be catastrophic with that much leverage.
Since its launch in 2020, it has surged a remarkable 600,000%, which is good enough to make it the 16th most valuable cryptocurrency in December 2023. In a market where demand typically drives prices, SHIB's intentional prioritization of abundance over scarcity contradicts the successful model seen in assets like Bitcoin (CRYPTO: BTC).
Two additional key performance indicators that management will be discussing on this call are net asset value or NAV and return on equity or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. We've also continued to produce favorable results in our asset management business.
In September 2020, semiconductor company Nvidia (NASDAQ: NVDA) reached an agreement to acquire a rival chip maker called Arm Limited from SoftBank. Perhaps one of its more lucrative deals occurred in 2020, when Salesforce invested in big-data analytics firm Snowflake. That's a wide gap.
Since our last earnings call on April 30, I am pleased to announce that we are making solid progress on our path forward of one, simplifying the business; two, operational performance improvement and three, reducing leverage. On asset sales, in the second quarter we sold an outparcel deal for $7.1
The billionaire started aggressively buying Bitcoin back in mid-2020, and has been continually ramping up his company's Bitcoin holdings since then. As the head of the largest asset manager in the world, Fink has become increasingly bullish in his support for Bitcoin. So what if they start making highly leveraged bets against Bitcoin?
It's a popular choice, with nearly $11 billion in total assets. iShares Core High Dividend ETF won't go up every year, but the largest annual decline in its 14-year history was a 6% slide in 2020. billion in assets and a reasonable expense ratio of 0.23%. It's also an index fund, packing a low expense ratio of 0.08%. large caps.
Amazon acquired online pharmacy PillPack in 2018, and in 2020 launched Amazon Pharmacy and has since been expanding its presence in healthcare. Building up its healthcare assets Switching to Amazon to save money on prescriptions isn't terribly surprising as the company's focus is to compete on price.
The company has a solid history of finding assets that are ultimately more valuable as part of its integrated system than they are by themselves. The company had to cut its distribution in half in the fall of 2020 after it had gotten over its skis with its debt and needed to reduce its leverage.
Companies pay dividends from free cash flow, the money left over after expenses and fixed asset purchases. It is because they are leveraged -- they buy securities and then borrow against them to purchase more. Warren Buffett says leverage is one of the few ways smart investors go broke. Image source: Getty Images. per share.
Meanwhile, Intel no longer has the security of supplying its chips to Apple, with the iPhone company announcing a change to using in-house-designed chips over Intel's back in 2020. Moreover, the company is leveraging its dominant position in CPUs to expand in the market. Is Intel or AMD the better AI stock? Data by YCharts.
In fact, back in 2020, the midstream company slashed its distribution in half. Its assets also allow it to find the best times and places to sell the hydrocarbons it transports. When Energy Transfer cut its distribution in 2020, it was because its leverage became too high, and it needed to pay down debt.
The midstream giant made the difficult decision to slash its payout by 50% in 2020 to retain additional cash for debt reduction. The company recently achieved its targeted leverage ratio of 4.0 The company structured the deal so that it would be leverage neutral. That deleveraging strategy has been a success. It spent $1.45
This ultimately gave Disney enough assets to make Disney+ successful. While Disney has slowly made progress in paying down its debt, its leverage remains above 4 times EBITDA today. He retired from the CEO role in 2020, but his successor, Bob Chapek, didn't impress and was ultimately pushed out in 2022, at which time Iger returned.
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