Liberty TripAdvisor (NASDAQ:LTRPA) is a publicly trading holding company that is effectively the controlling shareholder of TripAdvisor, Inc. (NASDAQ: TRIP). Since the TripAdvisor stake is the company’s main asset, its fairly easy to track whether LTRPA stock is trading at a discount or premium to the current market value of TripAdvisor. Since 2018, Liberty TripAdvisor … Continue reading About that LTRPA NAV-discount
Category: Sum-of-Parts Analysis
The sum-of-the-parts valuation – or SOTP- is a form of fundamental research, used to value companies or to analyse individual securities.
In a sum-of-the-parts valuation, the analyst will determine the value of each asset within the company. After subtracting the value of liabilities, the analyst is able to compare the sum-of-parts value to the market value of the trading securities.
Embedded Optionality | FRMO Case Study
When people talk about the Quality of Earnings, what they usually mean is how well do current earnings predict future earnings. This is, literally, the textbook definition of earnings quality. The problem with this definition, however, is that it favours the stability of earnings above anything else. What if, as an example, a future stream … Continue reading Embedded Optionality | FRMO Case Study
Dundee Corporation | A Race to the Bottom
Dundee Corporation (TSE: DC.A) is a Toronto based diversified holding company with investments in wealth management, resources, agriculture and real estate. Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A. Under the leadership of its founder, Ned Goodman, Dundee Corporation had enjoyed an illustrious history of … Continue reading Dundee Corporation | A Race to the Bottom