Market Structure Insights

February 12, 2014
We're talking about stock repurchases. The build up, the announcements, the very lack of discretion in a competitive market. If this hurts your ability to get the best deal, then why have companies done this for so long? We're challenging you to question your assumptions....
February 5, 2014

Mayday! That’s the word quarterback Peyton Manning should’ve used Sunday, instead of Omaha! But we congratulate Coach Pete Carroll, a gentleman, and his bruisers from the Puget Sound. Speaking of bruising, earnings season and macro factors collided like particles in an accelerator as January slopped...

January 29, 2014

Omaha! Rather than Nebraska, we’re in Steamboat Springs enjoying spectacular slopes before this weekend’s big game between our Broncos and the Seahawks. Denver quarterback Peyton Manning uses the word “Omaha” to change plays or alert his team to shifting defensive coverage. In football, both defenses...

January 22, 2014

Did you know that auctioneers make bad grocery-store clerks? So argues a GEICO TV commercial – unwittingly teaching a last lesson on high-frequency trading. I’m sure you’re ready to move on! Ever see the movie The Red Violin? It traces a storied musical instrument through...

January 15, 2014

A good exit strategy. It’s always wise to have one. With the polar vortex bearing down on the national midsection last week, our exit strategy, fortuitously, was sponsoring NIRI’s fundamentals of IR program in Santa Monica. Karen snapped this dusk photo in shirtsleeves from our...

January 8, 2014

Happy New Year! Hope you spent the two-week break from these pages joyfully. We’ve descended this week from the high Denver backbone of the continent to visit west in Santa Monica and sponsor NIRI’s Fundamentals of IR program. Following our New York trip before Christmas,...

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