Accelerated Share Repurchase vs Open Market Buyback

Accelerated Share Repurchase vs Open Market Buyback
United Technologies entered into an “accelerated buyback” agreements with two banks (Deustche Bank AG & J.P.Morgan Chase) to repurchase $6 billion worth of company’s stock. Is Accelerated Buyback different from the Share Buyback from the open market? The answer is YES, and in this article, we look at Accelerated buybacks in detail.

What are Accelerated Buybacks?
Methods For Repurchase of Shares
Reasons why companies should repurchase their own shares?
Home Depot Accelerated Buyback Case Study
United Technology Accelerated Buyback
Advantages of Accelerated Buy Backs
Disadvantages of Accelerated Buy Backs
Accelerated Buy Backs – Accounting & legal requirements
Effect of Share Buyback on market price
How is the Buyback Ratio used for comparison?
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Cash Conversion Cycle | Formula | Examples | Can it be Negative?

Cash Conversion Cycle | Can it be Negative?
Here’s we have Amazon and Ford’s chart of Cash Conversion Cycle. And from this chart, it’s clear that Ford Cash Conversion cycle is 261 days, while Amazon’s Cash Conversion Cycle is negative! Which company is doing better? Does Cash Conversion Cycle matter for a company? If it matters, how do we calculate it?

In this article, we will go in depth and understand Cash Conversion Cycle (CCC)

What is Cash Conversion Cycle?
Cash Conversion Cycle Formula
Interpretation of Cash Conversion Cycle
Cash Conversion Cycle Example
Apple Cash Conversion Cycle (Negative)
Negative Cash Conversion Cycle Examples
Aaron’s Cash Conversion Cycle – Increasing
Airline Industry – Cash Conversion Cycle
Apparel Industry – Cash Conversion Cycle
Beverages – Soft Drink Industry – Cash Conversion Cycle
Oil & Gas E&P Industry – Cash Conversion Cycle
Semiconductors Industry – Cash Conversion Cycle
Steel Industry – Cash Conversion Cycle
Limitations of Cash Conversion Cycle
In the final analysis
Details here –

Liquidation Value Calculation | Fitbit Case Study

Sharing with you the latest on WallStreetMojo Blog by Dheeraj on Liquidation Value Calculation | Fitbit Case Study

Unlike human beings, a company is not a natural person. Its identity is different from that of its owners and managers. So, a death which seems to be inevitable for human beings is something which can be avoided from a company’s point of view. Many companies go on for hundreds of years. However, even a company can shut down at either on account of law (mostly on account of bankruptcy) or at the discretion of the management or the desire of the owners of the company.

Let us look at Fitbit’s share price movement over the past few quarters. We note that Fitbit stock plummeted by more than 90% in the past 1.5 years. Does this mean Fitbit is now trading at an all-time low and is a buying opportunity? One way to perform a valuation check is to compare Fitbit’s share price with its Liquidation Value.

Is Fitbit trading below its liquidation value?

In this article, we discuss Liquidation value in detail –

Liquidation Value Definition
Book Value vs Liquidation Value of an asset
Salvage Value vs Liquidation Value of an asset
Liquidation Value Calculation of a Company
FITBIT’s Liquidation Value Example
Tangible Book Value as a proxy to Liquidation Value
Noble Corp – Price to Tangible Book Value / Liquidation Value
Transocean – Price to Tangible Book Value / Liquidation Value
Fiat Chrysler Tangible Book Value / Liquidation Value

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Joy’s growth by Dlynne

Philippians 4:1-23 –
9 What you have learned and received and heard and seen in me—practice these things, and the God of peace will be with you.

We left the last lesson with a question of how many people you touch with a smile or a simple blessing each day. Today, make this an intentional part of your day – smile at strangers, wish them God’s blessing when you talk with them. If someone asks you why you do this, tell them it is because you know God loves them.

Changing how we think or how we act does not come automatically in our lives, it takes purposeful intent from us to put it into practice.

A few years ago I moved from a big city to a small town. In the big city I had built the habit of isolating myself when I was in a crowd. I did not want to be noticed. This habit moved with me to my new home – and people began asking why I was so cold and distant. Why was I so unfriendly? I didn’t even wave at people I passed while I was driving! (a custom in this part of the world – even if you have no idea who the person in the other vehicle could be).

Years of habitual-isolation needed to be broken and removed from my life. Believe me, it was not easy. Even now, after being here in this small town for ten years, I sometimes still have to think about it, and intentionally pay attention to what I do as I walk down the street or drive in my car to get my mail or groceries. I have to practice “seeing” people rather than ignoring them.

This is what our verse today encourages each of us to do – practice, practice, practice! Practice smiling. Practice waving (or whatever greeting is acceptable in your culture). Practice blessing people with God’s presence and goodness. It may never come easily to you, but do not give up practicing the good things you read in the Bible.

Now read the end of our verse again – your reward from God for practicing is His peace! Why would this be so? It is because as we practice doing good things for others we begin to forget about ourselves. We forget our pains and troubles. We forget our self-centered dreams for ourselves as we become God’s love to others.

*What effect does Ephesians 4:32 have on you as you practice God’s love to others?


Bloomberg Market Concepts (BMC) is an 8 hour self-paced e-learning course that provides a visual introduction to the financial markets. BMC consists of 4 modules – Economics, Currencies, Fixed Income and Equities – woven together from Bloomberg data, news, analytics and television. Read more –

Forensic Accounting

What is Forensic Accounting? – A Complete Beginner’s Guide

We all love reading detective stories or watching thrillers, don’t we? The way the chief investigating officer finds clues collects evidence and solves the mystery keeps us on the tenterhooks. While books and movies transport us into a world of excitement and adventure, in reality, things are far from being so exciting. More so, in the case of Corporate Accounting. Investigations do happen, mysteries are solved and cases are presented. But none of these bring a thrill to the company. These are few of the most trying times for a company when it is faced with an accounting scandal or financial fraud.

Accounting scandals are political or business scandals which arise with the disclosure of financial offenses by trusted executives of corporations or governments. These kinds of false disclosures and misrepresentations can result in heinous financial crimes. While audits are performed periodically, these are higher level scams which require a greater degree of investigation; something that can be presented as arguments in court. This is where Forensic Accounting comes into the picture.

In this article, we look at Forensic Accounting in detail –

What is Forensic Accounting?
Why is Forensic Accounting required?
Application of Forensic Accounting
Skills required for Forensic Accounting
Forensic Accounting Qualifications
Differences between Audit and Forensic Accounting
Forensic Accountant Salary
Top Forensic Accounting Firms
Roadblocks for Forensic Accounting
Case studies of Forensic Accounting
Enron: Early 2000
Tyco International: Late 2000
Organizations for Forensic Accountants
Read more –