Value Investing Pershing Square Holdings 2017 Annual Report |
- Pershing Square Holdings 2017 Annual Report
- Question about Tesla's operating leases and FCF
- Cumulative dividends in excess of earnings
- Foxconn Unit to Buy Belkin for $866 Million in Brand Push
- Martin Capital Management 2017 Letter
- Grocery Wars Turn Small Chains Into Battlefield Casualties
- Forecasting
- Loeb's Third Point Eyes United Technologies Alongside Ackman
| Pershing Square Holdings 2017 Annual Report Posted: 27 Mar 2018 12:31 AM PDT |
| Question about Tesla's operating leases and FCF Posted: 26 Mar 2018 05:25 PM PDT I was wondering if anybody could help me answer this quick question I ran into while calculating Tesla's FCF. Tesla's FCF for FY 2017 is equal to CFOA + CapEx + Principal Payments on Capital Leases = (3,579M), which is pretty straightforward. However, Tesla includes the cash cost of purchasing operating leases in the changes in NWC section of CFOA. This line item lowered CFOA by $1,523M in FY 2017. I was wondering whether it would make sense to add back this line item to Tesla's FCF, as it is essentially cash used for an investing activity. Other automotive OEMs include purchases of leased vehicles under CFIA (i.e. GM, F), so it would be more in line with industry standard to adjust Tesla's SCF in a similar way. I believe the resale value guarantee offered with Tesla's leased vehicles may be the reason it is included in CFOA instead of CFIA. If anybody has any input I'd really appreciate it. [link] [comments]  |
| Cumulative dividends in excess of earnings Posted: 26 Mar 2018 05:45 PM PDT I just want to make sure I am getting this correct. A company I am looking into has been increasing this account consistently. Does this mean they are essentially paying off dividends with debt, PINK or asset sales? [link] [comments]  |
| Foxconn Unit to Buy Belkin for $866 Million in Brand Push Posted: 26 Mar 2018 09:16 PM PDT |
| Martin Capital Management 2017 Letter Posted: 26 Mar 2018 11:46 PM PDT |
| Grocery Wars Turn Small Chains Into Battlefield Casualties Posted: 26 Mar 2018 09:00 AM PDT |
| Posted: 26 Mar 2018 04:59 AM PDT Does anybody have any guys resources for how to get better at forecasting? For example are there certain excersizes investors use to determine what revenue might be in year 1,2..5? I find this to be the hardest part of making a cash flow valuation model. [link] [comments]  |
| Loeb's Third Point Eyes United Technologies Alongside Ackman Posted: 26 Mar 2018 09:14 AM PDT |
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