How much synergy do you need?
نویسنده
چکیده
Earnings are an important contributor to value, but a deal’s harm to the balance sheet can more than offset the value of increased earnings. Of course you want to see earnings per share increase, but not if your share price ultimately drops. If your company has access to cheap currency (a low cost of borrowing or a high stock price), it is easy to do an accretive deal. However, your cheap currency doesn’t change the market value of the target, and the target may not be the best use of your resources. If you overpay for a target, your share price may suffer even if your earnings per share get a near-term bump. This is a result of reduced earnings growth prospects from committing resources to the wrong investment. (See sidebar, Why is earnings-per-share accretion not a proxy for value creation?)
منابع مشابه
مدیر موفق کیست؟
Who is a really successful manager? A manager who spends less money, or the one who earns more? A manager who can survive for a longer period of time, or an administrator who expands his organization, and opens up new branches? Which one is the most successful? The article tries to answer these questions and provides, some simple guidlines for the managers in every domain of management who wan...
متن کاملقانون طلایی تدارک حمایت از دانش آموزان با نیازهای ویژه در کلاسهای فراگیر: از دیگران آنطور حمایت کنید که دوست دارید از شما حمایت کنند
Consider for a moment that the school system paid someone to be with you supporting you 8 hours a day, 5 days a week. Now, imagine that you had no say over who that support person was or how she or he supported you. Or imagine that someone regularly stopped into your place of employment to provide you with one-on-one support. This person was present for all your interactions, escorted you to th...
متن کاملدرآمدی بر مبنای مکان یابی و طراحی بیمارستان ها
Background: The hospital is an important element in the new public health. The health in the populations requires access to the medical and hospital services as well as preventive care and a healthy environment. This study attempts to review the important factors to be considered in the hospital sites selected and design in the urban, regional and country levels. Finally, suggestions have exhib...
متن کاملWhich Learning Style Do You Prefer to Improve EFL Learning?
The term "learning styles" refers to the concept that individuals differ in regard to what mode of instruction or study is most effective for them. Proponents of learningstyle assessment contend that optimal instruction requires diagnosing individuals' learning style and tailoring instruction accordingly (pashler, McDaniel, Rohrer, and Bjork, 2009). There are several methods or theories that d...
متن کاملWelcome to virosphere
Viruses may seem alien, but they are the most abundant and, arguably, the most important organisms on Earth. They are found just about everywhere, from oceans and forests to the people around you and, of course, in and on you as well. This world of strange, quasi-living things has been dubbed the virosphere, and it is a mysterious one – we know less about viruses than any other life form. But t...
متن کامل