This calculator computes the price at which you will have to sell shares of stock to realize your desired rate of return. You select whether you want your return to be calculated before or after income and capital gains taxes. You enter your expected holding period, average quarterly dividend and...
The price/earnings ratio (P/E) reveals the relationship between the price of a stock and the income it generates.P/E is one way of looking at the value of a stock. In theory, the faster investors expect a company to grow, the higher its P/E is likely to be. This is because...
Return on Assets is a measure of a company’s profitability expressed as a percentage of its total assets, not to be confused with return on capital employed—a nebulous phrase demanding a definition of capital—or return on equity.Return on Assets, also called return on investment, measures how effectively a company has...
The purpose of this paper has been to clarify and provide expert advice on how to create a sufficiently transparent business model. Too many companies are assessed solely on the basis of factors that have direct influence on their share price, for example changed depreciation principles and the lack of...
The development and use of derivative securities in the financial markets has become more and more common in recent years. And while the mathematical models employed in derivative construction and pricing can seem intimidating, investors may be surprised to learn that these complex investment vehicles are not confined within the...
Firms can manipulate their stock price by restricting the tradable float. When risk averse investors have differences of opinion and are short-sale constrained, reductions in the float freeze out pessimistic investors, pushing up prices. When the float is released, prices fall. To formally test this idea, the author examines a...
There are a number of ways in which a company can return wealth to its shareholders. Although stock price appreciation and dividends are the two most common ways of doing this, there are other useful, and often overlooked, ways for companies to share their wealth with investors. This paper, will...
The announcement of the European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was a result of the repricing of systematic risk due to the integration of accession countries into the world market. It...
Hurricanes Katrina and Rita haven't just wrecked homes, they're also doing pretty mean damage to stock prices. Avon's stock price recently fell 12 per cent after the direct sell company released a profits warning citing weak consumer sales and higher Hurricanes Katrina and Rita haven't just...
AsiaInfo Services 08-07-2006 China Mobile Sees Its Stock Price Hit Record High BEIJING, Aug 07, 2006 SinoCast via COMTEX -- China Mobile, the world's largest mobile operator by subscribers, saw its stock price surge time after time, which clo AsiaInfo...
GERMANTOWN, Md. -- Telkonet, Inc. (AMEX:TKO), the leader in providing in-building broadband access over existing electrical wiring, today issued a comment about the company's stock price trend.
Different types of investors depend on different factors. Short-term investors and traders tend to incorporate and may even prioritize technical factors. Long-term investors prioritize fundamentals and recognize that technical factors play an important role. Investors who believe strongly in fundamentals can reconcile themselves to technical forces with the following popular...
This paper develops a multi-period principal-agent model in which a manager must be given incentives to undertake investments and to exert personally costly effort. Investments are "soft" (e.g., intangible assets) and therefore entail measurement errors for the accounting system as it seeks to separate investments from operating expenditures. This separation...
Real estate investment trust REIT stock prices deviate substantially from net asset values NAV. Using REIT data since 1990, the paper finds large positive excess returns to a strategy of buying stocks that trade at a discount to NAV, and shorting stocks trading at a premium to NAV. Estimated alphas...
Itron Inc. has corralled the biggest order in its history and has enjoyed an unusually strong surge in its stock price dfter telling Wall Street that its second-quarter earnings would be sharply higher than expected.
This paper examines the impact of a series of events related to the U.S.-Canada softwood lumber trade dispute on the stock prices of forest products firms in both countries. The results suggest that trade actions brought substantial gains or losses in the stock prices and that, with the exception of...
This paper reports a study that relates training expenditures to subsequent-year stock returns for 388 U.S. companies for the 1997-1999 time periods. This study finds that expenditures on training have a statistically significant positive effect on returns, even after adjusting for variables such as ROA, industry, and price momentum. Findings...
From the executive summary: ‘Lenders, shareholders, and customers provide the money to fund organizational operations. Each of them has a different objective in doing so. While lenders and shareholders seek a risk-adjusted return on capital, customers seek the value-added delivery of products and/or execution of services. Therefore, it is only...
This paper examines the role of the federal government in the market for terrorism reinsurance. The objective of this paper is to provide empirical evidence on whether TRIA has had the intended economic effects by studying the stock price reaction of firms in the industries most affected by the Act...
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