Off-to-on Balance Sheet
Deep in the throes of the Great Recession (2007 -2008), former International Accounting Standards Board (IASB) Chairman Sir David Philip Tweedie, in an oft-cited quote from a speech at The Empire Club of Canada, remarked that: “one of my great ambitions before I die is to fly in an aircraft that is on an airline’s balance sheet.” His remark was motivated by the fact that most airline companies use operating leases that appear as off-balance sheet items. Notably,
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Johnson & Johnson (NYSE:JNJ) reported its Q2 results on July 19th 2016, which topped analysts’ estimates, leading the stock higher where it has stabilized since. We listened in on the earnings call and here are three reasons to be modestly bullish on the stock on the back of the Q2 results conference call.
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When you want to know what to do in a banking crisis and want to learn it from the very best, the first place to start would be at the feet of Ben Bernanke. His book, the Courage to Act: A Memoir of a Crisis and Its Aftermath, is a detailed first hand account on the developments in the financial crisis taking you to the heart of the crisis and giving you a behind-the-scenes view of many of the decisions that had to be made in those very difficult circumstances. For the uninitiated,
Continue reading “The Courage to Act”