Tom Spencer

FEBRUARY 28, 2021

As a result, many consultants shift to industry and join the client’s side so that they can not only offer solutions but also take more ownership to formulate, execute, and implement a strategy from start to finish. BizOps / Strategy & Operations at tech firms. Corporate Strategy. What is corporate strategy?

Interviews 68

Interviews Case Interview Strategy Strategy& 68

Harvard Business

MAY 28, 2018

Then a new CFO joined the company: Masashi Oka, a financial industry veteran who had played a key role in transforming Mitsubishi UFJ Financial Group-owned Union Bank in the US. Oka had found feedback from US regulators very helpful in his efforts to revive Union Bank and saw an opportunity to do something similar at Nikon.

Company 106

Company Balance Sheet Cash Flow Interviews 106

Martinka Consulting

JULY 22, 2020

From June 4-10 Jessica and I interviewed bankers representing eight Puget Sound area banks.* This memo is a synopsis of those conversations about what’s going on in banking during the COVID crisis, with a focus on business acquisition loans. First, all the banks are, “Open for business” meaning they are considering making loans.

Banking 40

Banking Cash Flow Analysis Interviews 40

MishTalk

DECEMBER 11, 2014

Energy production is extremely capital intense, and often accompanied by negative free cash flow. Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. Junk bonds of Energy XXI Ltd. cents since September.

Energy 78

Energy Marketing Benchmarking Cash Flow 78

MishTalk

MAY 14, 2014

Financial Vulnerabilities in China In its May Financial Stability Report , the Reserve Bank of New Zealand warns about financial vulnerabilities in China. Elsewhere, the tightening of credit terms, including funding costs for property developers, especially in the shadow banking sector, is taking its toll.

Real Estate 76

Real Estate Banking Construction Cash Flow 76

Tom Spencer

OCTOBER 15, 2021

5G networks are a promising wireless technology that online bookmakers and sports betting operators should factor into their business strategy. There is an increasing demand for cashless transactions worldwide, with more than 750 billion non-cash transactions carried out in 2020. But, what is 5G? Conclusion.

Sports 78

Sports Wireless Cash Flow Tools 78

Harvard Business

JUNE 8, 2018

Since then, we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology companies. Business students are taught to value a company based on the discounted amounts of future cash flows or earnings.

Financial 83

Financial Report Cash Flow Metrics 83

Martinka Consulting

NOVEMBER 8, 2014

I represent a lot of business buyers and often I hear something like the following, “I won’t pay more than X times cash flow” (or profit, or EBITDA – pick your term). Bank debt = $4,000,000. ” The above examples have the bank lending either 4X FCF or 3.2X ” That was then, this is now.

Cash Flow 40

Cash Flow Banking Groups Examples 40

Tom Spencer

MARCH 17, 2023

Michael Porter: Focus on creating value Professor Michael Porter, a leading authority on competitive strategy , has emphasised that the true measure of success for a company is not just its quarterly financial performance, but also how those results are attained. One example of Buffett’s approach is his investment in Coca-Cola.

Ethics 78

Ethics Financial Cash Flow Real Estate 78

Martinka Consulting

OCTOBER 3, 2013

Pre-Great Recession - banks competed for business acquisition loans and I remember one client’s summary that had eight banks, eight approvals, seven banks using the SBA loan guarantee program (called SBA loans from now on) and my client took the non-SBA offer. Buyers, banks and especially sellers! Who benefits?

Cash Flow 40

Cash Flow Banking Finance Government 40

Harvard Business

AUGUST 24, 2017

A nearly $150 million settlement is pending for the fake-account scandal that roiled the bank last year, and a new scandal has emerged: Recently it has been alleged that thousands of customers were signed up for insurance without their knowledge. ’s largest banks? What explains the divergence in the fortunes of two of the U.S.’s

Pharmaceuticals 77

Pharmaceuticals Intellectual Property Training Training 77

MishTalk

AUGUST 22, 2014

Saxo bank chief economist Steen Jakobsen thinks so. 2.50% and geo-political risk and lag of global earnings for S&P-500 companies reduces margin and cash-flow. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.' Is it time to short the dollar? Via email from Steen.

Cash Flow 68

Cash Flow Course Travel Marketing 68

BCG

DECEMBER 15, 2016

Yet that income stream is weakening, as low-risk investment yields dip toward 0% and central banks continue to drain the bond markets. In their efforts to adapt to this upside-down world, life insurers are focusing on optimizing their investment strategies and operations.

Insurance 40

Insurance Insurance Cash Flow Management 40

MishTalk

NOVEMBER 10, 2014

A stock, in fact any security, is a claim on any long-term stream of cash flows that investors can expect to be delivered to them over a very long period of time. It''s essentially the effective life of a security over which you are collecting cash flows in return for the amount you pay.

Financial 71

Financial Interviews Marketing Cash Flow 71

Martinka Consulting

JULY 2, 2015

Banks factor in a salary figure before they determine cash flow for debt coverage. The bottom line is someone has to run the company and whether it’s the owner or a hired gun they deserve to be paid a fair market salary for that work.

Marketing 40

Marketing Cash Flow Insurance Insurance 40

Martinka Consulting

MARCH 7, 2015

Now what adds some sanity to this are the banks. I expect to sell my business for 6X total cash flow (profit or EBITDA plus owner salary). And speaking of banks, back to our sanity test. Banks are in business to be paid back and they have certain rules they must follow. Most banks minimum is 1.25:1

Small Business 40

Small Business Cash Flow Banking Sales 40

MishTalk

NOVEMBER 25, 2013

At this horizon, even “buy-and-hold” strategies in stocks are inappropriate except for a small fraction of assets. Only after the fact does the reputation of risk-managed strategies surge from “chump” to “champ.” It happens time and time again, and every time banks are bailed out at the expense of the poor and middle class.

Cash Flow 64

Cash Flow Trends Policies Marketing 64

MishTalk

JULY 11, 2014

The question stems from lengthy (256 page PDF) from the BIS Annual Report (Bank for International Settlements) that stated among other things " The only source of lasting prosperity is a stronger supply side. Never before have central banks tried to push so hard. It is essential to move away from debt as the main engine of growth. "

Balance Sheet 71

Balance Sheet Financial Banking Policies 71

Martinka Consulting

APRIL 21, 2015

In the past I’ve written about how low interest rates and bank using the SBA guarantee program and its low down payment requirements plus a 10-year amortization have caused buyers to pay more for businesses than they would have years ago (because their payments are the same or less). Many banks will go as low as 1.25:1

Cash Flow 40

Cash Flow Benchmarking Banking Sales 40

Martinka Consulting

DECEMBER 11, 2015

On November 17, 2015 we held our eighth Getting the Deal Done Breakfast Conference at the Bellevue Club (with co-sponsors PRK Law, Meridian Capital, Columbia Bank, Bashey Hutchinson & Walter, CPAs, and “Partner” On-Call/Martinka Consulting). Over 140 people heard our featured speaker, Joe Whinney, founder of Theo Chocolate.

Cash Flow 40

Cash Flow Conference Travel Financial 40

Martinka Consulting

APRIL 26, 2019

Sixty percent of them delayed their exit by at least two years, as per a study by Sun Trust Bank. But it’s the current SBA loan program that’s a win-win-win for buyer, seller, and bank (the SBA doesn’t make loans they guarantee a large portion to the bank). And guess what? Most of those owners planning to sell had to delay it.

Marketing 40

Marketing PricewaterhouseCoopers Cash Flow Banking 40

MishTalk

MARCH 27, 2015

They briefly went negative out to 15 years in the wake of the sudden removal of the Swiss National Bank peg to the euro back on January 13 as shown in the following chart. per cent in an effort to prevent a wave of cash flowing into Switzerland in anticipation of the Swiss franc’s rise in value. “

Cash Flow 28

Cash Flow Banking Policies Government 28

MishTalk

DECEMBER 5, 2015

billion, and exposure to Spanish and international banks of around €20.2bn, Abengoa has found, and continues to find it difficult to get them off the ground. A particularly embarrassing situation for the US bank. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Energy 28

Energy Cash Flow Government Banking 28

MishTalk

OCTOBER 25, 2015

Less foot traffic means cash flow of mall owners and developers are getting squeezed - a potential hazard for an economy growing at its slowest pace in decades. In its latest efforts to reenergize the economy, China's central bank on Friday cut interest rates for the sixth time in less than a year. That's the banks' problem."

Retail 28

Retail Cash Flow Real Estate Deloitte 28

Martinka Consulting

MARCH 5, 2021

The title is the theme of the book with each chapter being a deal tip or strategy (and it’s available on Amazon). Business sellers please make it easy on your buyer, the bank, and your intermediary. The book is 61 short chapters, 50 of them written by me and 11 by other deal pros like Gregory and Curt. Have a strong balance sheet.

Balance Sheet 40

Balance Sheet Cash Flow Financial Education 40

Martinka Consulting

JUNE 18, 2021

You must use free cash flow to truly calculate ROI. Financial diligence – we agree a Quality of Earnings report is not usually necessary for small business deals (those that fit in the SBA loan range) but you must get a “proof of cash” from a CPA firm. Trust but verify” as President Reagan said.

ROI 40

ROI Cash Flow Small Business Financial 40

Martinka Consulting

OCTOBER 27, 2017

In the Discounted Future Cash Flow method profits are projected (same as the first issue) and discounted back to a present value. For reference, a check of major bank PE ratios shows they are at about 15). An outsider may ask, how is this possible? Conclusion. ESOP trustees have a lot on the line.

ROI 40

ROI Cash Flow Methodologies Small Business 40

Harvard Business

JULY 20, 2016

” You can employ a few coping strategies to help make those spells less frequent. “It takes time to get a consistent cash flow going. .” This means stashing away money so that you’re prepared for the inevitable valleys — “it’s not if, it’s when.” Principles to Remember.

How To 70

How To Case Study Case Studies Case Interview 70

MishTalk

JUNE 26, 2015

With its IT expertise, C$35 million of cash in the bank and other resources, the combined BitGold/GoldMoney has resources far beyond what GoldMoney alone was able to put together. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Insurance 28

Insurance Insurance Balance Sheet Financial 28

MishTalk

APRIL 1, 2015

Although most governments are required to balance their budgets on a cash flow basis each fiscal year, a structural budget gap can arise when recurring expenditures are greater than recurring revenues. Judging from the swap confirmations from Deutsche Bank, PNC, and Wells Fargo, these payments amounted to around $25 million.

Financial 28

Financial Engineering Finance Government 28

Martinka Consulting

NOVEMBER 4, 2014

For PE firms, cash flow, EBITDA, and low cap ex are very important.” Cash flow – one of my rules for both business buyers and sellers is, “Cash (and cash flow) is King.” ” Small businesses need timely cash flow. It’s like, “Well duh!”

Cash Flow 40

Cash Flow Small Business Software Banking 40

MishTalk

AUGUST 7, 2013

With little or no bank lending growth, decelerating wage growth, and trend growth of real GDP per capita at 0% to negative implies the 3- and 5-year change rates of US M2+ will decelerate from 2-3% to 0-1% in the next 5-6 years as occurred during the early to late 00s in Japan. Balanced Budget Ammendment Sign the Balanced Budget Petition.

Balance Sheet 73

Balance Sheet Marketing Real Estate Financial 73

Martinka Consulting

MAY 28, 2021

Last year it was Deutche Bank and Trump. These large banks seem to have forgotten the Five C’s of banking (capacity, character, capital, collateral, and conditions). A sixth C could be added, check (and double-check) as Credit Suisse “admitted” they didn’t know Archegos was also borrowing (to the hilt) with other banks.

Banking 40

Banking Cash Flow Small Business Journal 40

Martinka Consulting

OCTOBER 7, 2020

Why didn’t the bank(s) verify? They can’t inflate their real estate assets because banks will get an appraisal. Cash flow is, however, the tricky one. Small business accounting tends to make cash flow a moving target anyway and a lot of owners “manage by checkbook.” Why did this need to (supposedly) happen?

Real Estate 40

Real Estate Cash Flow Banking Resumes 40

MishTalk

DECEMBER 16, 2015

And so we're in effect fulfilling in some respects our longer term strategy in AQR where we're liquidating the remaining garden apartments we have. I mean in the last few months all the banks have redone their reserve reports. And all the numbers of availability of cash in the energy space are way down.

Real Estate 28

Real Estate Energy Tools Government 28