Image source: Getty Images A high price-to-earnings (P/E) ratio can sometimes put value-oriented investors off buying a stock. But with some growth shares, this can be a mistake. Stocks that trade at big earnings multiples can be a great investment. Charlie Munger’s Costco Wholesale (NASDAQ:COST) example illustrates this perfectly. A Charlie Munger recommendation At the 2022 Daily Journal shareholder meeting, Munger said the following: I’ve always believed that nothing was worth an infinite price. So at some [point] even an admirable place like Costco could get to a price where you would say ‘that’s too high’. But I would argue…
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E-motorcycle manufacturer Selex Motors is preparing procedures to issue carbon credits in 2025 for its Selex smart electric vehicle (EV) project, which completed verification process by the Gold Standard in late November. Limitations abound for domestic EV carbon credits, source: freepik.com Gold Standard is an international standard for projects that reduce greenhouse gas emissions, including REDD+ projects. The company also expects to start rooftop solar connections to charge Selex battery stations. Selex is renowned as the only company in Southeast Asia to exclusively develop all core components for e-scooters and a new operating system for 2-wheelers. The company will collect…
ABU DHABI – ADNOC Murban RSC Ltd, a wholly-owned subsidiary of the Abu Dhabi National Oil Company (ADNOC), has disclosed its unaudited interim condensed financial statements for the third quarter ending September 30, 2024. The financial details, which cover both the three-month and nine-month periods, reflect the company’s latest economic performance. ADNOC Murban, established on August 19, 2021, operates as the primary entity for ADNOC Group’s debt capital market issuances and is rated accordingly. The subsidiary’s formation is part of ADNOC’s broader strategy to maximize the value of Abu Dhabi’s hydrocarbon reserves in a responsible and sustainable manner. This approach…
If you’re not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we’ll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company’s amount of capital employed. Ultimately, this demonstrates that it’s a business that is reinvesting profits at increasing rates of return. With that in mind, we’ve noticed some promising trends at JAKKS Pacific (NASDAQ:JAKK) so let’s look a bit deeper. If you haven’t worked with ROCE before, it measures the ‘return’…
In a survey by the Senior Citizens League, 69% of older adults said they worry that high prices caused by inflation will drive up their spending and cause them to deplete their retirement savings and other assets. – Getty Images Some rules are meant to be broken. The time-honored — and sometimes controversial — 4% rule suggests that a retiree should be able to withdraw 4% of their savings and investments in their first year of retirement and then adjust the dollar figure based on their updated balance every year thereafter. The theory is that this method gives people an…
European markets are expected to nosedive at the open Thursday, following their global counterparts lower after the U.S. Federal Reserve signalled yesterday that few rates cuts are on the horizon.The U.K.’s FTSE 100 index is expected to open 84 points lower at 8,105, Germany’s DAX down 265 points at 19,993, France’s CAC down 105 points at 7,284 and Italy’s FTSE MIB down 507 points at 33,876, according to data from IG.The anticipated lower open for Europe comes follows a Wednesday sell-off on Wall Street after the Fed, which cut its overnight borrowing rate by 25 basis points to a target range of…
Image source: Getty Images The Aviva (LSE: AV.) share price hasn’t had a bad 2024, so far, up 7% year-to-date. That might not be brilliant. But if it did the same every year, on top of a dividend yield currently forecast at 7.3%, I’d be laughing. And as things stand, broker forecasts for 2025 do look pretty decent. But where do the City experts think Aviva shares are likely to go in the next 12 months and beyond? Beware forecasts Firstly, we should treat broker price targets with a lot of scepticism. They often look like they’re no more than…
Saral Khare ROCHESTER, Minn. – Mayo High School hosted its sixth annual finance camp. It was hosted by Think Bank. Volunteers from Think Bank, Altra Credit Union and First Alliance showed up. 300 students from John Marshall, Mayo and Century High School taking personal finance attended the camp. Students had to pick a career they were interested in and learned how to budget after paying for expenses such as housing, transportation and food. One John Marshall Senior Joseph Lueth says it was a real eye opener attending the camp. “You can save up money to do whatever you want and you know exactly…
By Lewis Krauskopf and Suzanne McGee NEW YORK (Reuters) – The rally in U.S. stocks is encountering a fresh hurdle — a potentially problematic rise in Treasury yields as the Federal Reserve signals fewer interest rate cuts for 2025. The central bank’s rate outlook on Wednesday included only two cuts in the coming year, rather than the four previously penciled in, catching investors off guard, and sending stocks tumbling while driving up yields and the dollar. That overshadowed the Fed’s widely expected decision to reduce its benchmark rate for a third straight meeting. The central bank lifted its forecast for…
CAIRO (Reuters) – Israel’s “long hand” will reach the leaders of Yemen’s Houthi movement, Defence Minister Israel Katz vowed on Thursday, after unleashing airstrikes on several areas of the Arab country overnight. The Israeli airstrikes killed nine people, said Al Masirah TV, the main television news outlet run by the Iran-aligned Houthis, who control much of the country, seven in the port of Salif and two in the Ras Issa oil facility, both located in the western province of Hodeidah. The strikes also targeted two central power stations south and north of the capital, Sanaa, it added. “I warn the…