Stock based compensation as part of executive pay is widespread. The common practice on Wall Street is that it is added to earnings, we can see no valid accounting reason for this. It’s probably the main driver between the growing gap between GAAP and non-GAAP earnings. That gap is often substantial, artificially boosting earnings, it’s […]
Entries from May 2016
May 29th, 2016 · Comments Off on A Worrying Artificial Bubble In Earnings
May 29th, 2016 · Comments Off on Is That Italian Time Bomb Under The World Economy Still Ticking?
Two years ago, we warned about one of the biggest threats to the world economy. Is the situation contained? For now it is, but only that – there is some improvement but not nearly enough to relax. In order to defuse this time bomb, Italy needs tailwinds from basically any direction, and for a really […]
May 18th, 2016 · Comments Off on Inflation Is Now Our Friend
May 16th, 2016 · Comments Off on Argentina: And Now For The Hard Part
May 16th, 2016 · Comments Off on The Stimulus Debate Still Rages, 5 Years On
Tags: Fiscal policy
May 15th, 2016 · Comments Off on 22nd Century’s Unique Cigarettes Create Growth Opportunities
May 13th, 2016 · Comments Off on Should You Still Buy Ellie Mae?
May 13th, 2016 · Comments Off on Kyle Bass Takes On China
May 11th, 2016 · Comments Off on Central Banks Can’t Fight This
Tags: Monetary policy