Corporate Values – Upbeet Communications http://upbeetcommunications.com/ Mon, 21 Nov 2022 18:13:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://upbeetcommunications.com/wp-content/uploads/2021/07/icon-3.png Corporate Values – Upbeet Communications http://upbeetcommunications.com/ 32 32 Embrace the Core Values ​​to Keep Thanksgiving Relevant https://upbeetcommunications.com/embrace-the-core-values-to-keep-thanksgiving-relevant/ Mon, 21 Nov 2022 17:00:50 +0000 https://upbeetcommunications.com/embrace-the-core-values-to-keep-thanksgiving-relevant/ Thanksgiving, which commemorates part of Pilgrim’s history, remains a favorite holiday for many Americans. And for good reasons beyond just enjoying a feast. Our nation is going through troubled times; Definitely worth revisiting Pilgrim’s five significant achievements, who created America’s seminal story, revealing remarkable insight into who we are and the qualities of character we […]]]>

Thanksgiving, which commemorates part of Pilgrim’s history, remains a favorite holiday for many Americans. And for good reasons beyond just enjoying a feast.

Our nation is going through troubled times; Definitely worth revisiting Pilgrim’s five significant achievements, who created America’s seminal story, revealing remarkable insight into who we are and the qualities of character we need to overcome our contemporary challenges.

First, of the many settler groups that came to America, only the Pilgrims were singularly motivated by a spiritual quest for religious freedom—a quest that had its origins in the Protestant Reformation a century before.

Pilgrims viewed their journey to the New World as an escape from tyranny to freedom, likening themselves to God’s chosen people – the Israelites – who overcame slavery and abuse in Egypt to make their way to the Promised Land.

Similar to the exodus of the Israelites, the Pilgrims had left what they saw as oppressive and morally corrupt authorities in Britain and Europe, to create a new life in America.

Thanksgiving could be considered the holiday that made other American holidays possible. Without the courage of the Pilgrims; an absolute faith in their cause and their vocation; and a willingness to sacrifice – risk everything – they would never have boarded the 94ft Mayflower — a vessel whose seaworthiness is doubtful.

Without their faith and determination to find freedom of conscience and to live by their biblical beliefs, there may never have been a 4th of July or other subsequent American holidays.

The Mayflower would be carried by the wind from its intended destination in the established territory of the Colony of Virginia, to the wild of Cape Cod.

Thus, the Pilgrims did not know where they were or how to proceed. They desperately needed a suitable place with fresh water and fertile soil to establish a new and independent regulation.

The secular The Mayflower passengers eventually became not only restless, but also insolent. It was then that the Pilgrims made their second major achievement shape the future of what America would be.

Pilgrim leaders John Carver, William Bradford and William Brewster recognized that the passengers of the Mayflower, diverse as they were, had to maintain their unity to survive in a potentially inhospitable environment. Thus, they drafted a guiding document acceptable to both their Christian brethren and the secular crewman, and merchant adventurers.

The resulting “Mayflower Compact” ensured peace, security and equality for all in their intended settlement.

With every man aboard signing the Mayflower Compact, the Pilgrims for the first time laid the foundations for democratic self-rule based on the will of the people.

The Covenant laid the cornerstone of our American Constitution.

While all the Pilgrims survived the ship’s squalid and cramped quarters during the dangerous crossing, once the passengers of the Mayflower settled in “New Plymouth”, Massachusetts in December 1620, they encountered a devastating winter, along with sickness which afflicts most of the pilgrims and the death of more than half, including four families.

The fate of the Pilgrim settlers might have been more difficult had they not settled where they settled, alongside the friendly natives of the Pokanoket Indian Village who were part of the Wampanoag tribe. And if they hadn’t befriended two who could providentially speak broken English – Squanto and Samoset – perhaps neither would have survived.

Squanto and his fellow native tribesmen taught the pilgrims survival skills: hunting, fishing, planting crops – of various vegetables – varieties unknown to the English.

The pilgrims’ third major achievement was the Pilgrim-Wampanoag Peace Treaty signed on April 1, 1621 by the chiefs of the colonies Massasoit and Plymouth.

It was a remarkable achievement, lasting over 50 years – longer than subsequent peace treaties made by other colonizing groups with native Indian tribes.

The fact that there were bloody conflicts between other settlers and tribes, such as the Pequot War fought in Connecticut in 1636-1637, makes the Pilgrims stand out.

They succeeded in maintaining the most lasting and equitable peace between natives and immigrants in the history of our country.

Although they learned from the native Indians how to plant, cultivate and harvest new crops during their first year, the Pilgrims complied with their Virginia Company sponsorship charter which called for the farmlands of the colony are owned and worked in common and that the crops are shared equally. But this socialist approach to common property created disincentives to work. William Bradford recalled that “the slackers showed up late for work…everyone was happy to claim their equal share…and the output only dwindled.”

Although no one is certain of the exact date of the first Thanksgiving, we know that it was an initiative of the pilgrims, celebrated in November 1621 to give thanks to God for their survival and for the first meager harvest.

When Massasoit was invited to join the Pilgrims, it was assumed that he would bring no more guests than the approximately 50 surviving Pilgrims’ hosts. Massasoit arrived with twice that number, well supplied with food, poultry and game of all kinds – including five stags.

The first celebration of Thanksgiving will last three days, punctuated by Indian songs, games and dances, pilgrim prayers and even a military parade by Myles Standish.

The pilgrims fourth major achievement was the rejection of socialism and the embrace of private enterprise. After the poor Thanksgiving harvest, the second season of collective farming and distribution proved equally disappointing.

Governor Bradford had seen enough, recording that the system “has been found to engender much confusion and discontent and delay many employments which would have been for their benefit and comfort”. Thus, before the 1623 season, he abandoned socialist agriculture and replaced it with private ownership of land for each family. By becoming responsible for their own welfare and gaining the freedom to choose what to grow for consumption or trade, the productivity of the Pilgrims increased.

The fifth factor what distinguished the pilgrims was their pattern of relational behavior.

While tolerance allowed them to maintain relative harmony within their diverse community, they also looked outward to serve and help others.

In March 1623, Massasoit was on the verge of death from an unknown illness.

Edward Winslow, Elder of the Chief Pilgrim, immediately set out on a 40-mile journey to administer medicinal broth, natural herbs and prayers to Massasoit.

Amazingly, he made a full recovery, expressing his gratitude for the help he received.

The achievements of the Pilgrims and the qualities of character that made them exemplary are more relevant today than ever. A contemporary Thanksgiving makeover could include: rekindling a quest for adventure; develop the faith to hold on to a vision of a promised land no matter what; muster the courage to stand up to the crowd and stand up for the truth; gaining the resolve to endure difficulties; revitalize respect and tolerance for people of different beliefs; rejuvenate a joyful willingness to sacrifice for others; and renewing the readiness to extend love, assistance, and gratitude at every appropriate opportunity.

Happy Thanksgiving everyone!

Scott S. Powell, principal investigator at the Discovery Institute, is the author of “Rediscovering America”, a new version in the historical genre. You can reach him at scottp@discovery.org. Read Scott S. Powell’s reports – More here.

© 2022 Newsmax. All rights reserved.

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You caught I-CARE-Ing! Employee recognition | Kansas City VA Health Care https://upbeetcommunications.com/you-caught-i-care-ing-employee-recognition-kansas-city-va-health-care/ Fri, 18 Nov 2022 22:22:29 +0000 https://upbeetcommunications.com/you-caught-i-care-ing-employee-recognition-kansas-city-va-health-care/ VA’s Core Values ​​of Integrity, Commitment, Advocacy, Respect and Excellence (I CARE) define who we are as VA employees and how we will fulfill our sacred obligation to care for Veterans, their families, caregivers and survivors. They describe the culture of the organization and serve as the basis for how VA employees should interact with […]]]>

VA’s Core Values ​​of Integrity, Commitment, Advocacy, Respect and Excellence (I CARE) define who we are as VA employees and how we will fulfill our sacred obligation to care for Veterans, their families, caregivers and survivors. They describe the culture of the organization and serve as the basis for how VA employees should interact with veterans, co-workers, and others outside the organization.

We would like to hear about your experiences with staff members who demonstrated one or more of these values ​​in their interactions with you. Please review the expanded meaning of each value used for the purposes of this employee recognition opportunity, then use the link or QR code below to submit your congratulations for those who live our values.

INTEGRITY: Acts with high moral standards. Adheres to the highest professional standards. Maintains the trust of everyone they engage with. Is honest and sincere. Operates with fairness and equity in mind.

COMMITMENT: Works diligently to serve veterans, caregivers and family members. Is motivated by a sincere faith in the mission of VA. Assumes individual and organizational responsibilities. Is passionate about providing high quality care and meeting the needs of all Veterans, no matter where they are or how they identify.

ADVOCACY: Is truly Veteran-centered by identifying, fully considering and appropriately advancing the interests of Veterans, caregivers and family members. Displays a veteran-focused attitude and encourages others to do the same. Supports initiatives that best serve Veterans, especially those aimed at addressing health disparities or inequities in care.

RESPECT: Treat all who are served with dignity and respect. Thought about the needs of others. Respectful of their co-workers. Give credit where it’s earned. Recognizes and appreciates the wide range of identities and perspectives of all who engage with KCVA. Welcome differences and stand up for those who are often left behind.

EXCELLENCY: Strives for the highest quality in everything they do. Dedicated to continuous improvement. Is thoughtful and decisive to take the lead when necessary. Is responsible for his actions and willing to admit his mistakes, works hard to correct them and offer better in the future. Don’t settle for “good enough”, but rather set goals that target “outstanding”.

To recognize a KCVA staff member, complete this form.

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Disclosure of the value of ESG investors outside of securities filings https://upbeetcommunications.com/disclosure-of-the-value-of-esg-investors-outside-of-securities-filings/ Tue, 15 Nov 2022 21:48:13 +0000 https://upbeetcommunications.com/disclosure-of-the-value-of-esg-investors-outside-of-securities-filings/ When talking about ESG, investor groups often sound like they are taking a hard line on the sustainability disclosures they want to see from CFOs and their companies. But ESG investors on a panel at the FEI’s Corporate Financial Reporting Insights conference last week seemed more pragmatic and flexible than demanding. Prior to any sweeping […]]]>

When talking about ESG, investor groups often sound like they are taking a hard line on the sustainability disclosures they want to see from CFOs and their companies.

But ESG investors on a panel at the FEI’s Corporate Financial Reporting Insights conference last week seemed more pragmatic and flexible than demanding.

Prior to any sweeping disclosure rules on climate risk from the Securities and Exchange Commission, investors are very interested in the information disclosed in corporate sustainability reports (CSRs). Investment professionals are urging companies to use the frameworks established by the Sustainable Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures.

But they also recognize that this is the beginning. They want to engage with companies about the ESG information and data they provide and understand how companies frame and measure a company’s ESG risks. How investors get the information isn’t as important as a consistent timeline and an easy-to-digest presentation, FEI panelists said.

We typically engage with companies around their sustainability report regardless of what they have disclosed in their 10-Ks and 10-Qs. —Tanya Levy-Odom, BlackRock

“In terms of 10-K filings, I understand a number of companies are focusing on climate-related disclosures in this context,” said Tanya Levy-Odom, director of investment management at BlackRock. “We haven’t been prescriptive about where companies disclose their sustainability information; we typically engage with companies around their sustainability report regardless of what they have disclosed in their 10-Ks and 10-Qs.

The Levy-Odom team assesses the corporate governance of companies in which BlackRock invests, including environmental and social factors material to business operations.

CSR gives a company much more leeway to tell its story. In fact, Levy-Odom said she hopes ESG disclosure requirements in securities filings won’t limit or prevent companies from disclosing even more information “as opposed to less information at the future,” she said.

Currently, the Securities and Exchange Commission requires disclosure of “material” climate information in discussion management and analysis of filings with the SEC. Materiality in this context follows the traditional accounting definition — “events or occurrences that would affect the judgment of a sophisticated investor” are considered material.

“More and more of what [the issuer] may not be considered material to the numbers, income statement and cash flow statements, which investors want to know. —David Tsoupros, AllianceBernstein

But right now, in the ESG investing space, materiality equates to what’s important to investors. “I think regulators are behind the eight ball in importance, and the market is already determining that [certain ESG] factors are important to how investors invest,” said David Tsoupros, principal research analyst at AllianceBernstein’s US Concentrated Growth Fund.

“More and more of what [the issuer] may not be material to the numbers, income statement and cash flow statements, which investors want to know,” Tsoupros said. Ideally, companies will disclose quantifiable, specific data that is comparable over time and across companies, he said.

Schedule and estimates

At this early stage of ESG reporting, however, panel investors realize that they may need to actively engage with a company to get the full picture of sustainability. For example, says Tsoupros, because biodiversity is important to his clients, Tsoupros asked a company if it made palm oil products. (According to some groups, palm oil production is a threat to some endangered species.)

“They gave me a lot of reluctance to disclose this, but eventually they did,” Tsoupros said. The disclosure was that “palm oil makes up one percent of one percent of our manufactured products. … They tell me it’s not material, and that satisfies me.

While timing may mean everything to some investors, the issue of timing a sustainability report isn’t a big hurdle right now. ESG investors recognize that for publicly traded companies, CSR is likely to come out after earnings, SEC filings and proxy statements.

A company’s data on climate change “isn’t necessarily tradable over a month, a quarter, or even a year,” Tsoupros explained, so it’s timeline consistency that’s important. “If you tend to release your CSR in June, I’d like to see that every June,” he said.

If complete information isn’t available or a metric is hard to pinpoint, investors are used to making decisions based on guesswork, panelists said. For example, a number of companies have started publishing climate transition scenario analyses, Levy-Odom said, which contain various estimates. To complete the estimates, Levy-Odom found it helpful to have a conversation with management about the thought process behind each scenario.

ESG investors may be relatively patient now, but they will have higher expectations, of course, as US and global compliance standards develop and accounting tools for environmental reporting mature. After ESG disclosures, the next step is to set goals, Tsoupros said. “If it is material for [their] business, we pressure our companies to set goals, the same way they budget and tell us what their financial outlook is,” he said.

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CMP Announces New Corporate Mission https://upbeetcommunications.com/cmp-announces-new-corporate-mission/ Sat, 12 Nov 2022 10:12:22 +0000 https://upbeetcommunications.com/cmp-announces-new-corporate-mission/ To better reflect its national responsibility for excellence in marksmanship, the Civilian Marksmanship Program (CMP) has updated its mission and vision. While the previous mission and vision have served the CMP well, the company’s recent leadership change led by new Chairman and CEO Jerry O’Keefe has provided an opportunity to renew the company’s leadership. orientation […]]]>

To better reflect its national responsibility for excellence in marksmanship, the Civilian Marksmanship Program (CMP) has updated its mission and vision.

While the previous mission and vision have served the CMP well, the company’s recent leadership change led by new Chairman and CEO Jerry O’Keefe has provided an opportunity to renew the company’s leadership. orientation of the organization through its core values.

“When significant changes are made to an organization, a mission/vision review is prudent,” said O’Keefe, who assumed the role of chairman in September. “In the case of CMP, the organization has grown significantly since the previous mission and vision were determined, and CMP is poised for further growth. These two things combined made it the perfect time to conduct this review. »

The civilian marksmanship program hosts a myriad of programs throughout the year, including a junior air rifle tournament.

“New leadership often brings new ideas and direction that could drive change,” O’Keefe continued. “Especially at the Vision.”

CMP Updated Vision

Lead the nation in marksmanship excellence by delivering safe, high quality and innovative youth-focused programs

“A vision statement is a future or ambitious vision of where an organization hopes to be,” O’Keefe said. “There are several key words or parts of CMP’s new vision statement that are important.”

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FTX’s FTT token plunges 80%, wiping out over $2 billion in value https://upbeetcommunications.com/ftxs-ftt-token-plunges-80-wiping-out-over-2-billion-in-value/ Tue, 08 Nov 2022 22:21:39 +0000 https://upbeetcommunications.com/ftxs-ftt-token-plunges-80-wiping-out-over-2-billion-in-value/ FTT, the native token of crypto exchange FTX, lost most of its value after rival Binance, the world’s largest cryptocurrency firm, announced plans to acquire the company. The coin traded at around $22 on Monday and fell below $5 on Tuesday afternoon in New York. The sale wiped out more than $2 billion in value […]]]>

FTT, the native token of crypto exchange FTX, lost most of its value after rival Binance, the world’s largest cryptocurrency firm, announced plans to acquire the company.

The coin traded at around $22 on Monday and fell below $5 on Tuesday afternoon in New York. The sale wiped out more than $2 billion in value in the space of 24 hours.

Binance CEO Changpeng Zhao, known as CZ, wrote in a tweet to his more than 7 million followers that he expects FTT to be “very volatile in the coming days as that things change”.

Cryptocurrencies as a class sank on Tuesday, with bitcoin and ethereum both plunging more than 10%. Crypto exchange shares Coinbase also saw a double-digit percentage decline, while Robin Hoodthat traders use to buy and sell crypto, fell around 19%.

“This is probably the most dramatic deal I’ve ever seen in the history of the crypto industry,” said Castle Island Ventures partner Nic Carter, which focuses on blockchain investments. . “It essentially consolidates the two largest offshore exchanges into one entity, an absolute blow to CZ and Binance – and truly a disaster for FTX.”

The deal between the two companies is non-binding and follows what FTX CEO Sam Bankman-Fried called a “cash crunch” at his business, which was valued at $32 billion in the first round. roundtable earlier this year.

The FTX-Binance deal is the

The acquisition only affects FTX’s non-US business. The US division will remain independent of Binance. However, according to a 2021 audit, the US portion of FTX only accounted for 5% of total revenue. FTX is based in the Bahamas, where Bankman-Fried resides.

Like many crypto companies, FTX created its own token called FTT, which could be purchased like bitcoin although it was not as widely available. FTT owners were promised lower trading costs and the opportunity to earn interest and rewards like waiving blockchain fees. Although investors can profit from the rise in value of FTT and other coins, they are largely unregulated and are particularly susceptible to market downturns.

In 2019, Binance announced a strategic investment in FTX and said that as part of the deal, it had taken “a long-term position in the FTX (FTT) token to help enable sustainable growth in the ecosystem. FTX”.

Due to Binance’s central position in crypto and its large ownership of FTT, the company had a particular influence on FTX and the market view on the company. Investor confidence in FTX was shaken over the weekend when Zhao tweeted that Binance would sell its FTT holdings.

Zhao said Binance has about $2.1 billion worth of FTT and BUSD, its own stablecoin.

“Due to recent revelations that have come to light, we have decided to liquidate any remaining TTFs on our books,” he said.

FTT, which peaked at around $78 in September 2021, was trading near $25 the day before Zhao’s tweets. It dipped below $16 on Monday, then fell off a cliff after the deal was announced on Tuesday. According to CoinMarketCap, the value of FTT’s outstanding supply is around $735 million, up from $2.9 billion on Monday.

Bankman-Fried said that in the 72 hours leading up to Tuesday morning, there had been around $6 billion in net withdrawals from FTX, according to Reuters. On an average day, net inflows run into the tens of millions of dollars.

“The fact that Sam was willing to make this deal suggests that FTX has been deeply weakened in terms of the bank run that has begun within the last 48 hours,” Carter said. “We don’t know exactly what the problem was, if they were lending or playing with user deposits.”

FTX did not respond to CNBC’s multiple requests for comment.

Earlier on Tuesday, FTX halted withdrawals from its platform, after frightened investors tried to withdraw their funds – in a move that resembled the collapse of other crypto companies this year, including Celsius, Voyager Digital and Three Arrows Capital.

News about FTT has raised concerns about Alameda Research, Bankman-Fried’s trading company and sister company to FTX. A report last week on the state of Alameda’s finances showed that much of its balance sheet is concentrated in FTT and that its various businesses have used the token as collateral. Alameda disputed this claim, saying that FTT only represents a portion of its total balance sheet.

“If the price of FTT drops significantly, Alameda could face margin calls and all kinds of pressure,” said Jeff Dorman, chief investment officer at digital asset firm Arca. “If FTX is Alameda’s lender, everyone is going to be in trouble.”

— CNBC’s Kate Rooney and Tanaya Macheel contributed to this report.

Binance Reaches Deal to Buy Non-US Unit of FTX

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Carl Icahn buys shares in canning giant Crown. Here’s how it can create value https://upbeetcommunications.com/carl-icahn-buys-shares-in-canning-giant-crown-heres-how-it-can-create-value/ Sat, 05 Nov 2022 12:24:26 +0000 https://upbeetcommunications.com/carl-icahn-buys-shares-in-canning-giant-crown-heres-how-it-can-create-value/ Picture | Tetra Images | Getty Images Company: Crown Holdings (CCK) Company: Crown assets is a world leader in the design, manufacture and sale of packaging products for consumer goods and industrial products. They operate in three segments: beverages, which accounts for approximately 70% of earnings before interest, taxes, depreciation and amortization; Transit Packaging and […]]]>

Picture | Tetra Images | Getty Images

Company: Crown Holdings (CCK)

Company: Crown assets is a world leader in the design, manufacture and sale of packaging products for consumer goods and industrial products. They operate in three segments: beverages, which accounts for approximately 70% of earnings before interest, taxes, depreciation and amortization; Transit Packaging and Food, which together account for approximately 30% of EBITDA. Their consumer packaging solutions primarily support the beverage and food industries through the sale of aluminum and steel cans. Their packaging for industrial products includes steel and plastic consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment, which are sold in the metal, food and beverage industries, construction, agriculture, corrugated and general.

Market value: $8.8 billion ($73.75 per share)

Activist: Carl Icahn

Percentage of ownership: 8.5%

Average cost: $79.80

Activist Comment: Carl Icahn is the grandfather of shareholder activism and a true pioneer of strategy. Although he’s not slowing down at all, he has made a deal with his son, Brett Icahn, to join the company as an eventual successor. Brett plans to use his father’s favorite approach of pushing companies to make changes intended to boost their stock prices, though he hasn’t ruled out friendly bets either. This is no departure from the strategy Carl has been successful with for many years. It can be friendly (eg Apple, Netflix) or it can be confrontational (eg Forest Labs, Biogen), often depending on management response. Brett is an impressive activist investor in his own right, not because he is Carl’s son, but because he has demonstrated a long track record of extremely successful activist investing. The Sargon portfolio he co-managed at Icahn totaled approximately $7 billion and included hugely profitable investments in companies such as Netflix Inc. and Apple Inc. The Sargon portfolio significantly outperformed the market with an annualized return of 27 %. However, before that, Brett started in 2002 with Icahn as an analyst and later was responsible for campaigns like Hain Celestial (280.3% return vs. 46.7% for the S&P500), Take-Two Interactive (81 .5% vs. 64.5% for the S&P500) and Mentor Graphics (106.4% vs. 79.4% for the S&P500).

What is happening?

In the wings

Crown operates in a consolidated global market with only four players globally and high barriers to entry – regional monopolies due to shipping costs, long-term contracts and training and experience to operate factories. Their growth profile is accelerating, driven by sustainability trends and shifting consumer preferences: around 75% of new products are canned today, up from around 30% in 2014. They also benefit downside protection for a non-cyclical product.

Crown boosted EBITDA during the pandemic, when demand for aluminum cans increased as restaurants and bars were forced to close and consumers bought canned cocktails and beer to consume at home. The company underperformed its peers, including its main competitor Ball. Last week, they saw a sharp decline in the share price from $85.01 on Oct. 24 to $70.69 on Oct. 25, following their latest earnings release. They attributed their weaker financial outlook to inflation, high interest rates and unfavorable currency translation. This underperformance is also due to a hesitant demand for canned drinks which has exploded during the pandemic, leading to excess inventory.

The opportunity to create shareholder value here is relatively straightforward: sell non-core businesses, buy back shares, and focus on the pure-play beverage business. The company announced its acquisition of Signode, a transit packaging company, for $3.9 billion in 2017, and may be hesitant to sell it for less now. However, there is a lot of value in selling this business, not the least of which is the amount of proceeds they receive (within reason). There is more value in how they use these products (i.e. buying back shares in an undervalued and growing company). There’s also tremendous value in freeing up management to focus on the core business, and there’s value in being a pure play company and bringing a market multiple closer to its pure play counterpart, Ball. Thus, management should not focus so much on what they can get for Signode as on what a sale allows them to do in the future. Crown also runs an aerosol and food packaging business that makes boxes for household products and snacks and still has a minority stake in the European food box business. Icahn believes the company should sell off all those non-core assets and focus on the beverage can business which has secular tailwinds and is undervalued compared to its pure-play counterpart. Using cash flow to strengthen the balance sheet and repurchase shares before that would improve returns for shareholders as Crown closes that valuation gap.

Icahn isn’t the only activist to hold a position at Crown. Impactive Capital first disclosed a stake in Crown in its Q1 2020 13F filing and argued for the company to pursue the same opportunities that Icahn advocated – disposal of non-core assets and share buybacks. Shortly after Impactive’s statement, Crown announced a strategic review of its portfolio and capital allocation priorities. This resulted in the divestment of 80% of the company’s European food box business in 2021. But there is clearly more portfolio simplification that can be done here. Impactive always has an environmental, social and governance thesis in its investments and looks for situations where positive ESG improvements can generate value. This situation is no exception. Focusing on the growing market for aluminum cans as a replacement for plastic and glass is not only good for Crown, but also good for the environment. Because the inherent properties of aluminum do not change during use or recycling, the cans are 100% recyclable repeatedly.

It’s important to note that there’s a ton of value here regardless of who’s on the leadership team. I wouldn’t assume Icahn or Impactive want to see a change of direction here. But if the steering isn’t up to snuff, it’s always a possibility. On a recent conference call, Crown CEO Timothy Donahue said, “You never like to say, we’re caught off guard, but I think we really were.” When you’re a CEO who’s been caught off guard, the last thing you want to see is Carl Icahn appearing in your stock.

Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and he is the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist investments 13D. Squire is also the creator of the AESG™ investment category, an activist style of investing focused on improving the ESG practices of portfolio companies.

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Estimation of the intrinsic value of Indraprastha Medical Corporation Limited (NSE: INDRAMEDCO) https://upbeetcommunications.com/estimation-of-the-intrinsic-value-of-indraprastha-medical-corporation-limited-nse-indramedco/ Wed, 02 Nov 2022 00:58:51 +0000 https://upbeetcommunications.com/estimation-of-the-intrinsic-value-of-indraprastha-medical-corporation-limited-nse-indramedco/ Does the November share price for Indraprastha Medical Corporation Limited (NSE: INDRAMEDCO) reflect what it is really worth? Today we are going to estimate the intrinsic value of the stock by projecting its future cash flows and then discounting them to the present value. Our analysis will use the discounted cash flow (DCF) model. Patterns […]]]>

Does the November share price for Indraprastha Medical Corporation Limited (NSE: INDRAMEDCO) reflect what it is really worth? Today we are going to estimate the intrinsic value of the stock by projecting its future cash flows and then discounting them to the present value. Our analysis will use the discounted cash flow (DCF) model. Patterns like these may seem beyond a layman’s comprehension, but they’re pretty easy to follow.

We generally believe that the value of a company is the present value of all the cash it will generate in the future. However, a DCF is just one of many evaluation metrics, and it is not without its flaws. If you want to know more about discounted cash flow, the rationale for this calculation can be read in detail in the Simply Wall St analysis template.

See our latest analysis for Indraprastha Medical

What is the estimated value?

We will use a two-stage DCF model which, as the name suggests, takes into account two stages of growth. The first stage is usually a period of higher growth which stabilizes towards the terminal value, captured in the second period of “sustained growth”. In the first step, we need to estimate the company’s cash flow over the next ten years. Since no analyst estimate of free cash flow is available, we have extrapolated the previous free cash flow (FCF) from the company’s latest reported value. We assume that companies with decreasing free cash flow will slow their rate of contraction and companies with increasing free cash flow will see their growth rate slow during this period. We do this to reflect the fact that growth tends to slow more in early years than in later years.

Generally, we assume that a dollar today is worth more than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at an estimate of present value:

10-Year Free Cash Flow (FCF) Forecast

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Leveraged FCF (₹, million) ₹417.8 million ₹460.8 million ₹503.5 million ₹546.3 million ₹590.0 million ₹635.0 million ₹681.9 million ₹731.0m ₹782.7 million ₹837.4 million
Growth rate estimate Source Is at 11.8% Is at 10.3% Is at 9.25% Is at 8.51% Is 7.99% Is at 7.63% Is at 7.38% Is at 7.2% Is at 7.08% Is 6.99%
Present value (₹, million) discounted at 13% ₹370 ₹361 ₹349 ₹335 ₹320 ₹305 ₹290 ₹275 ₹261 ₹247

(“East” = FCF growth rate estimated by Simply Wall St)
10-year discounted cash flow (PVCF) = ₹3.1 billion

After calculating the present value of future cash flows over the initial 10-year period, we need to calculate the terminal value, which takes into account all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate the terminal value at a future annual growth rate equal to the 5-year average 10-year government bond yield of 6.8%. We discount terminal cash flows to present value at a cost of equity of 13%.

Terminal value (TV)= FCF2032 × (1 + g) ÷ (r – g) = ₹837m × (1 + 6.8%) ÷ (13%–6.8%) = ₹14b

Present value of terminal value (PVTV)= TV / (1 + r)ten= ₹14b÷ ( 1 + 13%)ten= ₹4.3 billion

The total value, or equity value, is then the sum of the present value of future cash flows, which in this case is ₹7.4 billion. In the last step, we divide the equity value by the number of shares outstanding. Compared to the current share price of ₹71.4, the company appears to be roughly fair value at an 11% discount to the current share price. The assumptions of any calculation have a big impact on the valuation, so it’s best to consider this as a rough estimate, not accurate down to the last penny.

NSEI: INDRAMEDCO Discounted Cash Flow November 2, 2022

The hypotheses

Now, the most important inputs to a discounted cash flow are the discount rate and, of course, the actual cash flows. If you disagree with these results, try the math yourself and play around with the assumptions. The DCF also does not take into account the possible cyclicality of an industry, nor the future capital needs of a company, so it does not give a complete picture of a company’s potential performance. Since we consider Indraprastha Medical as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which takes debt into account. In this calculation, we used 13%, which is based on a leveraged beta of 0.800. Beta is a measure of a stock’s volatility relative to the market as a whole. We derive our beta from the average industry beta of broadly comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable company.

Let’s move on :

Although a business valuation is important, it is only one of many factors you need to assess for a business. It is not possible to obtain an infallible valuation with a DCF model. Rather, it should be seen as a guide to “what assumptions must be true for this stock to be under/overvalued?” For example, if the terminal value growth rate is adjusted slightly, it can significantly change the overall result. For Indraprastha Medical, there are three essential elements you need to explore:

  1. Risks: For example, we discovered 2 warning signs for Indraprastha Medical which you should be aware of before investing here.
  2. Other strong companies: Low debt, high returns on equity and good past performance are essential to a strong business. Why not explore our interactive list of stocks with strong trading fundamentals to see if there are any other companies you may not have considered!
  3. Other environmentally friendly companies: Are you concerned about the environment and do you think that consumers will buy more and more environmentally friendly products? Browse our interactive list of companies thinking about a greener future to discover actions you might not have thought of!

PS. The Simply Wall St app performs an updated cash flow valuation for each NSEI stock each day. If you want to find the calculation for other stocks, search here.

Valuation is complex, but we help make it simple.

Find out if medical indraprastha is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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We’re big fans of McDonald’s in this environment (NYSE:MCD) https://upbeetcommunications.com/were-big-fans-of-mcdonalds-in-this-environment-nysemcd/ Sat, 29 Oct 2022 14:06:00 +0000 https://upbeetcommunications.com/were-big-fans-of-mcdonalds-in-this-environment-nysemcd/ Alexander Farnsworth By Valuentum Analysts At Valuentum, we use discounted cash flow analysis as the basis of our process. However, we also use relative valuation and technical and momentum indicators and blend them into an output called the Valuentum Buy Index Rating, or the VBI. Evaluation. The image below shows the order of our systematic […]]]>

Alexander Farnsworth

By Valuentum Analysts

At Valuentum, we use discounted cash flow analysis as the basis of our process. However, we also use relative valuation and technical and momentum indicators and blend them into an output called the Valuentum Buy Index Rating, or the VBI. Evaluation. The image below shows the order of our systematic process.

Au centre du diagramme de Venn ci-dessus, l'indice d'achat Valuentum (<span>VBI</span>) combines rigorous financial and valuation analysis with an assessment of a company’s technical characteristics and momentum indicators to derive a score between 1 and 10 for each company (10=best).  Since the process takes into account a technical and dynamic evaluation after evaluating a company’s investment merits through a rigorous DCF and relative value process, the VBI attempts to identify entry and exit points on what we consider to be the most undervalued stocks.” contenteditable=”true” loading=”lazy”/></picture><figcaption>
<p class=At the center of the Venn diagram above, the Valuentum Buy Index (VBI) combines rigorous financial and valuation analysis with an assessment of a company’s technical and momentum indicators to derive a score between 1 and 10 for each company (10 = best). Since the process takes into account a technical and dynamic evaluation after evaluating a company’s investment merits through a rigorous DCF and relative value process, the VBI attempts to identify entry and exit points on what we consider to be the most undervalued stocks. (Image source: Valuentum)

The flowchart on how we classify stocks in our universe of coverage.

The flowchart on how we classify stocks in our universe of coverage. (Image source: Valuentum)

McDonald’s (NYSE: MCD) currently scores a 3 on the Valuentum Buy Index based on three of its key investment considerations which we will discuss shortly (and as seen in the image below). We use the Valuentum Buy Index to find ideas for the Best Ideas newsletter simulated portfolio. Although we like McDonald’s very much in any environment, we believe it is uniquely positioned to benefit from the current inflationary environment.

First, the company runs a predominantly franchise business model, which means that most inflationary headwinds on the cost front can impact its operators, as the company benefits from higher selling prices from free franchises. Second, McDonald’s offers tremendous value to the consumer, and its 2 for $2 offer is just one example. Consumers can’t get enough of Mickey D’s. With that background clearly laid out, let’s now dive deeper into our fundamental, cash flow and valuation analysis of McDonald’s.

Key McDonald’s Investment Considerations

Investment Considerations

Image source: Valuentum

Home of the Big Mac, McDonald’s is the world’s largest fast food brand. The company’s management is extremely shareholder-friendly, returning billions to shareholders every year. McDonald’s has more than 40,000 restaurants in approximately 120 countries. The company was founded in 1940 and is based in Oak Brook, Illinois.

At the end of December 2021, approximately 93% of the company’s restaurants worldwide were franchised. McDonald’s aims to generate a free cash flow conversion rate north of 90% in the near term, aided by the sluggish nature of its business model.

While it’s hard to produce another gem with the same success as McCafe, we can’t rule out McDonald’s. Industry-wide traffic trends and competitive pricing in the United States are worth noting when it comes to competitive performance. McDonald’s seeks to franchise approximately 95% of its total number of restaurants, which should further support its financial performance.

McDonald’s is modernizing its stores and improving its digital operations, while encouraging its franchise partners to do the same. The company continues to optimize its menu while improving the in-store dining experience and digital order delivery experience. McDonald’s has great growth prospects.

Labor market and wage developments are worth watching, and growing competition from fast and healthier menus is a permanent structural change. McDonald’s relies on its pricing power to offset inflationary headwinds.

McDonald’s released its third quarter 2022 results on October 27, and we couldn’t have been happier with the results. Worldwide comparable sales rose 9.5%, easily beating the consensus forecast of 5.8%. Consumers continue to flock to its locations to find value-added offers, and many high-income customers may be looking to redeem to its offers. It recently increased its dividend payout by 10%, and we management’s commitment to the payout.

McDonald’s Cash Flow Valuation Analysis

Cash flow generation

Image source: Valuentum

We think McDonald’s is worth $245 per share with a fair value range of $190 to $300. The shares are priced at $258 at the moment, which is roughly the midpoint of our fair value estimate range. We point to the upper end of our fair value estimate range given the momentum McDonald’s seems to have in the current environment.

The margin of safety around our estimate of fair value is determined by the company’s MEDIUM ValueRisk™ rating, which is derived from an assessment of the historical volatility of key valuation factors and a future assessment of these. .

Our near-term operating forecasts, including revenue and earnings, do not differ materially from consensus estimates or management guidance. Our valuation model reflects a compound annual revenue growth rate of 6.2% over the next five years, a pace higher than the company’s historical compound annual growth rate of 3.4% over 3 years.

Our model reflects a projected 5-year average operating margin of 47.3%, which is above McDonald’s 3-year average. Beyond year 5, we assume that free cash flow will grow at an annual rate of 4.4% for the next 15 years and 3% in perpetuity. For McDonald’s, we use a weighted average cost of capital of 8.5% to discount future free cash flow

McDonald's Valuation Assumptions

McDonald’s valuation assumptions (Image source: Valuentum)

McDonald’s Margin of Safety Analysis

Range of potential results

Image source: Valuentum

Our discounted cash flow process evaluates each business based on the present value of all future free cash flows. Although we estimate the fair value of McDonald’s at approximately $245 per share, each company has a range of likely fair values ​​that is created by the uncertainty of key valuation factors (such as future revenue or earnings, for example). . After all, if the future were known with certainty, we wouldn’t see much volatility in the markets, as stocks would trade precisely at their known fair values.

Our ValueRisk Rating defines the margin of safety or range of fair value we assign to each stock. In the chart above, we show this likely range of fair values ​​for McDonald’s. We think the company is attractive below $190 per share (the green line), but quite expensive above $300 per share (the red line). Prices that fall along the yellow line, which includes our estimate of fair value, represent a reasonable valuation for the business, in our view.

That said, in light of current inflationary conditions, we wouldn’t be surprised to see McDonald’s do extremely well, pushing its fair value up the designated range. In our view, investors may be looking for upside potential in valuations.

Final Thoughts

McDonald’s has been doing well lately. The company’s move to make breakfast an all-day proposition has reinvigorated same-store sales growth (it has since discontinued all-day breakfast, but company-wide momentum company continued), and its efforts to refranchise company-owned restaurants and pursue net annual G&A expense reductions are doing wonders on its operating profit line. No other restaurant chain can match its iconic brand, geographic reach and advantages of scale, and it has increased its dividend every year since the first payout in 1976, although it is not immune to the industry-wide traffic and competition. price issues. McDonald’s continues to innovate and has great growth prospects.

McDonald’s is simply a fantastic restaurant concept. The company is executing its turnaround plan perfectly, in our opinion. His goal of becoming 95% franchised over the long term, however, should shield him from most operating problems (including inflationary pressures), but franchisees are a fickle bunch, and management will need to stay on their toes strategically, especially given the barriers created by COVID -19. Consumer trends can change quickly and the restaurant now has a much larger net debt, which is why its Dividend Cushion ratio is under pressure. Still, we like stocks in this environment, and with a dividend yield of around 2.4%, the company is one of our favorite ideas.

This article or report and any links it contains are for informational purposes only and should not be considered a solicitation to buy or sell securities. Valuentum is not responsible for any errors or omissions or results obtained from the use of this article and assumes no responsibility for how readers may choose to use the content. Assumptions, opinions and estimates are based on our judgment as of the date of the article and are subject to change without notice.

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Aaron Donald ends partnership with Kanye West’s Donda Sports after anti-Semitic remarks https://upbeetcommunications.com/aaron-donald-ends-partnership-with-kanye-wests-donda-sports-after-anti-semitic-remarks/ Tue, 25 Oct 2022 22:44:00 +0000 https://upbeetcommunications.com/aaron-donald-ends-partnership-with-kanye-wests-donda-sports-after-anti-semitic-remarks/ Los Angeles Rams All-Pro defensive tackle Aaron Donald has terminated his marketing contract with Kanye West’s Donda Sports, Donald announced on Tuesday. The decision comes after West made several recent anti-Semitic comments that resulted in the rapper being dropped by several major companies. donald announced in May he had joined Donda Sports, which West founded […]]]>

Los Angeles Rams All-Pro defensive tackle Aaron Donald has terminated his marketing contract with Kanye West’s Donda Sports, Donald announced on Tuesday. The decision comes after West made several recent anti-Semitic comments that resulted in the rapper being dropped by several major companies.

donald announced in May he had joined Donda Sports, which West founded and named after his late mother. Donda Sports only represented Donald in his marketing deals.

The full statement from Donald and his wife, Erica, is below:

“Our family has made the decision to part ways with Donda Sports. The recent comments and displays of hate and anti-Semitism are the exact opposite of how we choose to live our lives and raise our children. We find them irresponsible and go against everything we believe as a family.

“As parents and members of society, we felt responsible for sending a clear message that hateful words and actions have consequences and that we need to do better as human beings. We don’t think that our beliefs, voices and actions belong to a space that distorts and oppresses people of all backgrounds, ethnicities and races.

“We’ve had the pleasure of working with many amazing people along the way and hope to continue using our platform to uplift and support other families, children and communities through positive outreach.”

Boston Celtics goaltender Jaylen Brown also announced tuesday that he was ending his association with Donda Sports.

Donald was the only known active NFL player to sign with Donda. Free wide receiver Antonio Brown was named president of Donda Sports in February.

The 24-time Grammy Award-winning rapper wrote on Twitter earlier this month that he would “go to death [sic] con 3” about Jewish people. He wore “White Lives Matter” shirts and once said slavery was a choice.

On Tuesday, Adidas dropped West over his remarks. The brand had been a partner of West since 2016, and dissolving the partnership could cost the brand up to $246 million, according to the company.

“Adidas does not tolerate anti-Semitism and any other type of hate speech,” the company said in a statement Tuesday. “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values ​​of diversity and inclusion, mutual respect and fairness.”

Donald told the “I Am Athlete” podcast in May that the partnership with West and Donda Sports was “a hell of an opportunity to open a lot of different doors.”

“It was an opportunity that presented itself to us, me and [my wife], and it made sense,” Donald told the podcast. “Hearing the whole spectrum of what they were going to bring, all the family atmosphere that they had at Donda Sports. Not just me, but my wife is one of them. For me, it was a no-brainer.”

In an interview with Piers Morgan last week, West gave Donald’s name in a rambling defense of his anti-Semitic comments and what it would take for him to apologize.

“When I sit down with the people who write the contracts for the NBA, and for the NFL, and for professional music and for acting contracts,” West said. “We have to go to the best lawyers, the best executives, the owners of the stadiums, the owners of the football teams and the owners of the record labels, and we’re going to put them all in one room. And we’re going to read every single one of them. .. go top 10 in each of those categories. Let’s read Michael B. Jordan’s contract. Let’s read Aaron Donald’s contract…”

Morgan cut West at that point and the two screamed back and forth. West asked to complete what he called “a brilliant idea.” He went on to say that he wanted to compare and contrast top NFL, NBA and music industry contracts on a live platform with a top legal team.

“After that moment happened,” West concluded, “then I’ll say I’m sorry.”

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Don’t vote for a return to ‘traditional values’ – Shaw Local https://upbeetcommunications.com/dont-vote-for-a-return-to-traditional-values-shaw-local/ Sat, 22 Oct 2022 20:00:00 +0000 https://upbeetcommunications.com/dont-vote-for-a-return-to-traditional-values-shaw-local/ For the editor: The words “back to traditional values” evoke warm, fuzzy feelings about the way things used to be. We remember “Leave it to Beaver” and “The Andy Griffith Show”. Do our memories also include the way things really were? Before the 1970s, women couldn’t have a credit card in their name or sign […]]]>

For the editor:

The words “back to traditional values” evoke warm, fuzzy feelings about the way things used to be. We remember “Leave it to Beaver” and “The Andy Griffith Show”. Do our memories also include the way things really were?

Before the 1970s, women couldn’t have a credit card in their name or sign a mortgage without a man. In society, homosexuals felt inferior and condemned; they could not marry or have children. Jews and Muslims were judged and ostracized. Blacks couldn’t buy homes in some areas because of government redlining and couldn’t drink from the same fountains or eat at the same restaurants as whites. Religious organizations concealed child abuse.

The phrase may be intended to elicit nostalgia, but the intent is dangerous. The politicians who use this expression today to collect your vote want to return to a world where their religious beliefs are superior and legally binding, women cannot control their own bodies and same-sex marriages are prohibited. In their world, false narratives, hatred, exclusion and corporate domination are the norm.

For my part, I don’t want to go back to the way things were in my childhood. I much prefer a world of acceptance, kindness, inclusion, protection of the rights of individuals, and the many other freedoms and opportunities we currently enjoy. Look beyond the words dressed in the window. Vote for candidates who believe in a better way of life than the “traditional values” some would have us return to.

Denise Burrs

Dixon

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