Healthcare companies have seen a surge in investor interest over the past year for obvious reasons. With 2021 off to a strong start, it’s clear that healthcare businesses and related assets are likely to remain front and center for the months to come. In this article, we will look at several charts from across the…
With new cars averaging over $47,000 and used cars over $28,000, very few people can just walk into the dealership, write a check and drive away. Most of us will need to save some money first, either for the full purchase price or, if we are financing the vehicle, for a down payment. Here are…
What is a Saturday Night Special? A Saturday Night Special is now obsolete buyout strategy which involved one company attempting to acquire another by going public take-over bid, usually on weekends. The offer was only open for a short interval, usually a few days, forcing shareholders to make a quick decision and leaving management little…
What is a 529 plan? A 529 plan is a tax-efficient savings plan designed to help pay for education. Initially limited to post-secondary education costs, it was expanded to cover K-12 education in 2017 and apprenticeship programs in 2019. The two main types of 529 plans are college savings plans and prepaid tuition plans. Education…
What is Willie Sutton’s rule? The Willie Sutton Rule is based on a statement by notorious American bank robber Willie Sutton, who, when asked why he stole from banks, replied, “Because that’s where the silver”. In other words, his end goal was money, so why waste time looking for it in obscure or questionable places…
What is an ABA transit number? ABA transit numbers, also known as ABA routing or transfer numbers, are used to identify specific US financial institutions and appear on standard checks. Basically, it is a nine-digit numeric address for each bank. Key points to remember An ABA transit number is a set of numbers that identifies…
What is a forward repurchase agreement? Under a forward repurchase agreement (term repo), a bank agrees to buy securities of Merchant then sell them back to the dealer shortly after at a pre-specified price. The difference between the buy and sell prices represents the implied interest paid for the deal. Forward repurchase agreements are used…
What is a trading room? A dealing room refers to a physical area in which trading activities in financial instruments, such as actions, fixed income, futures contractsand options, take place. The trading floors are located in the buildings of various stock exchanges, such as the New York Stock Exchange (NYSE) and the Chicago Chamber of…
What is a Canadian income trust? A Canadian income trust is a type of investment trust that holds stable, income-producing assets and distributes payments to unitholdersor shareholders, on a periodic basis (monthly or quarterly). Key points to remember A Canadian income trust is an investment fund that holds income-producing assets and periodically distributes payments to…