What is Net Present Value? In short, Net Present Value, or NPV is a method used to calculate the value of something. Typically used by managers for capital budgeting, NPV can also be used in a variety of other circumstances, like deciding between two schools for your MBA. The formula for
Month: September 2017
Chinese Energy Companies in Canada
PetroChina Canada PetroChina Canada opened its doors in 2010 as Dover Operating Corporation, a joint venture between PetroChina and Athabasca Oil Corporation. Dover was focused on two oilsands operations in the region of Fort McMurray, Alberta. After amalgamating with Phoenix Energy Holdings, the company now holds a portfolio of six assets in
Global M&A Roundup Sep 22, 2017 – Orbital ATK, Colonial Mutual Life Assurance Society
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Orbital ATK, Inc. (NYSE:OA) Industry: Aerospace and Defense Acquirer: Northrop Grumman Corporation Target: Orbital ATK, Inc. Size: $9.3 billion Consideration: 100% Cash Source of Funds: Cash, Debt Sell Side Advisor: Citi Buy Side Advisor:
Investment Banking Meal Allowance and Taxi Chits (or UberX)
Investment banking meal allowance is the daily stipend that the junior staff receive for food for days where they have to work past a certain hour (which is often). Also, after a certain time later than the meal allowance checkpoint, bankers are allowed to expense reasonable transportation home. Previously, investment
Investment Banking Teaser
Investment Banking Teaser Overview The teaser is a document sent out to potential investors in an opportunity. Teasers are used in many sorts of marketing roles, but most prominently in investment banking and commercial real estate. Investment banks will mail out teasers to parties they feel would be interested in a
Global M&A Roundup Sep 15, 2017 – The New York State Catholic Health Plan, Inc.
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: The New York State Catholic Health Plan, Inc. Industry: Healthcare / Financial Institutions - Insurance Acquirer: Centene Corporation (NYSE:CNC) Target: The New York State Catholic Health Plan, Inc. Size: $3.75 billion Consideration: 100% Cash
Investing Mistakes for Family and Friends
Over family dinners and drinks with friends and friends of friends, the conversation usually steers towards investment advice. "My investment banker at TD tells me that I should buy the Canadian Balanced Fund. Do you think this a good idea? Do you know Alvin?" I have come to realize that very intelligent
Weekly Movers Sep 15, 2017 – Empire Co, Tahoe Resources, Yellow Pages Ltd, Hurricane Irma, Movie Theatre Stocks, Car Rental Stocks
Top Weekly TSX Gainers (Week of September 15, 2017) Empire Company Ltd (TSX:EMPa, Chg:24.3%) Industry: Consumer & Retail EMP.A has consistently underperformed the Canadian grocer comp since the messy $5.8bn takeover of Safeway Canada. Sobey’s SAP software led to technical integration hurdles and frustrated employees. Logistic problems led to many out-of-stock products and
Canadian M&A Roundup Sep 15, 2017 – Polaris Materials
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Polaris Materials Corporation (TSX:PLS) Industry: Basic Materials - Construction Materials Acquirer: Unknown US Buyer Target: Polaris Materials Corporation Size: $301 million Consideration: 100% Cash Source of Funds: Not Disclosed Sell Side Advisors: Canaccord Genuity Corp.
Things Not to Say in an Investment Banking Interview
Last week we posted about how the investment banking interview process is ostensibly challenging, but in reality, much more manageable because so many candidates fail at various checkpoints due to flaws that can be easily rectified. One of these checkpoints is the behavioral interview. The interview section covers in depth