2. Type 2 – Learnt from historical experiences around M&A: Firms like Asian Paints and Dr. Lal Pathlabs are open to doing acquisitions to grow their product portfolio or geographical presence, respectively. However, the promoter and management teams of these firms have demonstrated significant caution and restraint in considering such opportunities in the past. They have executed bolt-on acquisitions that do not risk a large part of the firm’s capital employed and have been cautious in deploying incremental capital into these acquired businesses. One exception though is a firm like Pidilite, which has had three distinct phases of large-sized M&A transactions in its history (as summarized below). The firm has acknowledged its mistakes, and implemented course-correction subsequently, which gives us conviction on capital allocation discipline likely to be pursued in the future. … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Fort worth painting
In all, the bill would tax 467 of the country’s 650 billionaires, which the bill’s signatories say have cumulatively become $732 billion richer during the pandemic. It would raise $422 billion to pay for the “out-of-pocket medical expenses of all the uninsured and the under-insured Medicare beneficiaries over the next 12 months,” Sanders’s office says. … [Read more...] about Bernie wants to tax billionaires for COVID-19 gains. But his data are faulty
The Seneca Village Farm idea was born out of COVID-19. In the early days, food was constrained. Tamm remembers going to the farmers’ market and seeing a bleak array of produce stalls. She and a friend who works on the rooftop garden at Cooper Union, began a conversation about what it would look like for New York City to have food sovereignty or sustainable access to healthy, culturally appropriate food grown locally. What kind of food a person can access in New York City depends largely on where they live: Some neighborhoods have big grocery stores with expensive produce trucked in from all over the country. Others have corner stores with selections of packaged goods and small produce sections. … [Read more...] about What if Central Park were home to a massive urban farm?
After a first round of around $3 trillion stimulus package passed in May this year, now there has been negotiations between Democrats and Republicans for second round of package. The last talks held between them on Friday failed due to fundamental disagreements and followed by that US President Donald Trump threatened executive action if the stimulus package is not passed, but he remains hopeful for a deal. Reports indicated that the package could get finalise in the coming week. … [Read more...] about Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy next week