Monthly Archives: September 2021

Does HEICO (NYSE: HEI) have a healthy track record?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other […]

Democrats move forward with debt limitation vote amid stalemate with GOP

WASHINGTON – A partisan fight to raise the government’s borrowing limit is set to rise this week, with Democrats pushing ahead with a vote in the face of strident GOP opposition, raising doubts as to whether Congress will take action before the federal government runs out of money. . The deadlock has alarmed Wall Street […]

Puerto Rico, four years after Hurricane Maria, far from recovering.

Memories of the survival of Hurricane Maria still haunt the people of Puerto Rico, four years after the storm wreaked havoc in the United States on September 20, 2017. There are reminders of the destruction, with thousands of homes, many of which are still covered in blue tarps, yet to be repaired. Constant power cuts […]

A European Union-type bloc launched for Latin America and the Caribbean

MEXICO CITY, Sept. 18 (Reuters) – Countries in Latin America and the Caribbean should aspire to a bloc like the European Union, the Mexican president and other leaders said at a summit on Saturday, with the aim of ‘wrest influence from the Organization of American States (OAS). For years, some of the region’s left-wing flag […]

Atlantic City halfway to ease the debt burden | Local News

“This is the very definition of a competent government,” said Oliver. “As the city’s debt service is further reduced, the state and city will continue to work together to try to further reduce the municipal tax rate and increase services for people who live, work and visit the city. “ ATLANTIC CITY – The city […]

Flurry of leveraged buyout debt to hit the high yield market

(Bloomberg) – A deluge of leveraged buyout debt has been building up for months and is expected to finally hit the high yield bond market next week. Private equity firms are expected to start selling bonds to help fund Medline Industries Inc.’s debt buyout, the biggest buyout since the financial crisis. The sale will potentially […]

Income-sharing agreements in search of legitimacy

Income Sharing Agreements (ISAs) were concocted over 60 years ago by Milton Friedman, but the funding instrument is still trying to establish its legitimacy. Why is this important: ISAs, which allow borrowers to get cash up front and repay it later through a portion of their future income, have been hailed as a solution to […]

3 takeaways from Cisco Investor Day

Cisco Systems (NASDAQ: CSCO) held its investor day on September 15th. Investors should pay close attention to this event as the tech giant discussed its long-term vision and announced new business goals. Here are three key takeaways from the event. 1. A large and expanding addressable market Over the past decades, Cisco has dominated its […]

Here’s why Greenbrier Companies (NYSE: GBX) is weighed down by debt

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but the fact that you suffer a permanent loss of capital. “. It is only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often […]

A Ponzi Scheme of Prosperity: The American Development Model Only Creates the Illusion of Wealth

The North American development model is an unprecedented experience. For thousands of years, humans around the world have constructed their habitats in similar ways, at similar scales, in patterns that are still familiar. Following the Great Depression and World War II, settlement patterns on the North American continent were completely overhauled. From top to bottom, […]