Diego Segura

Tapestry and Capri companies don’t have the infrastructure to pull off that vaunted upmarket leap. They are, after all, basically holding companies that deal in fashion products

We write to speculate on the potential for a comeback. Grant’s, don’t mistake us, is bearish on bonds for the long run. If past is prologue, and if there’s anything at all to the fine art of pattern recognition, a new cycle of irregularly rising rates could be upon us, and it might persist for decades, like the 3.5 decade bear bond... See more

SVB went from $70 billion of deposits to $200 billion of deposits, thanks in large part to the pandemic. “If somebody had an I.P.O. one day, they had $100 million in checking, the next day they had $3 billion in checking,” the executive continued. “Or if somebody made a deal one day they’d have $500 million in checking and then they’d have $1... See more

[...] operators are unlikely to add much supply over the next several years. For one thing, day rates aren’t high enough to justify new orders. Tidewater reckons a rate of at least $38,000 to justify the purchase of a new OSV at an assumed 15% cost of capital. In the second quarter, Tidewater itself was earning an average of $16,042 per day.... See more

Let’s assume for a moment, though, that between the two sales, Paramount walks away with $4.5 billion in cash. Paramount has $13.5 billion of net debt, as of March 31. If Bakish decided to use the $4.5 billion in cash from the sales of S&S and BET to pay down that debt—always a good use of cash—Paramount would still have $9 billion in debt. On the... See more

Sure, a television show or movie can still make you a star. But advertising campaigns make stars generationally rich—and developing one’s own brand can make them fuck-you money

Since the 1980s, Paoletti's research has been misinterpreted and has evolved into an urban legend: that there was a full reversal in 1940, prior to which the only tradition observed was the opposite of the current one.[4] Quoting the concluding lines of this study: "In conclusion, there are strong reasons to doubt the validity of the standard PBR... See more

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