formercoder

8 ms·

451.
by formercoder 7y ago
Let's not confuse accounting earnings with cash flows. Red Hat is generating a decent amount of cash ~1B in cash from operations (difference from 433M mostly due to stock based comp and deferred revenue, common for software companies).
452.
by formercoder 7y ago
The definition of an asset is something that provides probable future economic value to the firm. Personal data seems to fall under this category to me.
453.
by formercoder 7y ago
I recently needed to trawl through CFPB HMDA data and it was an absolute pleasure to do so. Everything was straightforward and documented in GitHub. I assumed this project was a result of USDS
454.
by formercoder 7y ago
As a Mac lover of 15+ years, at least put PCs under consideration. I bought a Lenovo X1 Yoga to replace my dead MBP. It has a touchscreen, fingerprint reader with U2F support, folds into a tablet, and I do all my development in windows VSCo
455.
Sudan internet blackout forces battered protesters to rethink(ft.com)
2 points by formercoder 7y ago|0 comments
456.
by formercoder 7y ago
The default risk must be uncorrelated though or else you get no gains from diversification. This was a big part of how CDOs justified the security of a AAA tranche, when in reality everything was correlated because bad loans were made to ev
457.
by formercoder 7y ago
MIDI will often be used to trigger the console to change cues which then uses DMX512 to control the lights.
458.
by formercoder 7y ago
Wow, their financial statements are fascinating. I encourage anyone with an interest to take a look for themselves. Your statement is correct in that they do not directly receive cash from the government. However, they do borrow from the FF
459.
by formercoder 7y ago
The price of sending mail must go up. It’s insane how much we subsidize junk being mailed around.
460.
by formercoder 7y ago
I think we’re talking about Miller-Modigliani [1] which says that enterprise value should not change as capital structure changes. However it presumes many untrue aspects of the world in order to make this claim. [1] https://en.m
461.
by formercoder 7y ago
Theoretically as interest rates go up and corporate taxes go down the benefits of such leveraged recaps should soften. On a stand-alone basis if a firm needs to increase leverage to find an optimal cost of capital, adding debt and buying ba
462.
by formercoder 7y ago
That’s the argument for buybacks and dividends. If companies don’t have any NPV positive projects to take then the cash must go out to shareholders who do.
463.
by formercoder 7y ago
Sure the headline is “technically” correct but it does sound to the uninitiated like they are prop trading. This short position is simple flow trading that happens in any IPO.
464.
by formercoder 7y ago
From a completely technical perspective, one can understand the cost of this risk with real option valuation techniques. However I’d say this is an inappropriate method when so many lives are at stake.
465.
by formercoder 7y ago
I always make sure my shoes are on for takeoff and landing, ensure that I know which emergency exit I will use, and attempt to evaluate my best path to that exit. I don’t feel like it’s a waste to plan for the remote possibility of a life t
466.
by formercoder 7y ago
It’s hard to compare to other businesses because amazon cannot capitalize R&D. If they spend $1bn on software dev and Tesla spends the same amount on a factory, Amazon’s ebitda is down $1bn and Tesla’s is only down ~$100M.
467.
by formercoder 7y ago
Should we have been allowing amazon to capitalize that R&D though? It creates one of their largest assets and yet is not reflected on the balance sheet and is expensed immediately.
468.
by formercoder 7y ago
Very curious to see what their cash flows are like. WeWork has a ton of what Is effectively debt in the form of capital leases. A key indicator is going to be what load factor can they maintain profitability at.
469.
by formercoder 7y ago
I’m not very familiar with this topic. Would this be considered a competitor to perimeterless security like Google BeyondCorp?
470.
by formercoder 7y ago
Oh interesting that wasn’t a term I was actually familiar with. I thought we were just discussing the idea of purchasing property and renting it out.
471.
by formercoder 7y ago
That’s fair i did remove that context. The latter half is a valid point.
472.
by formercoder 7y ago
Regulatory changes may be needed but some of this piece indicates a clear lack of understanding of the tech sector and basic finance. “Venture capitalists are now hesitant to fund new startups to compete with these big tech companies becaus
473.
by formercoder 7y ago
How can you state that rent seeking is a negative on society? How is it not just optimal capital allocation?
474.
by formercoder 7y ago
This study suggests 37% https://www.taxpolicycenter.org/taxvox/only-about-one-quarte...
475.
by formercoder 7y ago
Multiples like P/E are just a proxy for cash flows, discount rate, and growth. That P/E tends to stratify on industries makes sense not just because of growth, but also its sensitivity to capital structure. So asset heavy companie
476.
by formercoder 7y ago
Apple and FB have very different cap structures so let’s compare their EV/EBITDAs not P/E. FB is ~16 and AAPL is ~12. Much closer from that perspective.
477.
by formercoder 7y ago
It’s important to note that this is on an earnings basis. Looking at their cash flows presents a slightly better view of operations, with an outflow of 16M, though some would argue their stock based comp of 4M should be included. But it als
478.
by formercoder 7y ago
This is more from a finance perspective than an economic one. However, and taking the stock market as an example, we can look at what might happen to equity valuations under our current model. Under a discounted cash flow model, free cash f
479.
by formercoder 7y ago
Bring enough money to a bank with the trade and they’ll make you a market. Probably nothing with that kind of maturity on any exchange.