Corey Ribotsky Info

Reuters reports that stagnant stock prices have slowed companies’ bids to look at public markets for new capital.  At the same time, this has sparked mergers and acquisitions from firms that are moving in to take advantage of the cheap valuations.

More companies, as well, are engaging in a dual-track IPO and M&A process. As Richard Truesdell, the co-head of the global capital markets group at the law firm David Polk & Wardwell LLP explains, “If the IPO market is choppy, that gives a leg up to M&A and more of those (deals) may end up converting to M&A opportunities.”

Certainly, this information, and the extensive analysis in this article, are of key interest to investors like Corey Ribotsky and to the general public.

In this guest post by Jan Dehn of Ashmore Investment Management, the author takes an interesting look at Sub-Saharan Africa and its dependence on western donor money for financing government deficits.  As he writes, “The consensus has been that African countries should not source non-concessional finance. But changing financial conditions among donor countries now call this consensus into question. This presents both a challenge and an opportunity.”

This is certainly an interesting new field for financial managers like Corey Ribotsky and so many others to explore.

As the author states in his conclusion, “Western donors have a role to play. They should channel their considerable experience of markets into improving Africa’s legal and regulatory market infrastructure, strengthen public debt management, and encourage the emergence of the local pension industry. Above all they should encourage and not obstruct the emergence of external markets for African debt.”

Certainly a must-read from the Intelligent Investor about the proposed cap on 12(b)1 fees.  As the article explains, “The SEC proposal—called, naturally, Rule 12(b)2—tries to tackle these problems by making commissions negotiable and by capping the distribution fees a fund can charge an investor over time. The new rule would likely take effect in 2011, after the agency considers comments from the public. ”

This will likely have an influence on fund investors and managers like Corey Ribotsky of the NIR Group and so many like him – it’s certainly worthwhile to explore these issues and to keep up on the latest news as it evolves.

This article offers a fascinating look at why one investor is taking a bullish stance.  Certainly, financial investors today, whether they are managing members of large companies like Corey Ribotsky, or just starting out in the market, can take note of such opinions.

As the author explains through very useful charts, graphs and other visuals, “At the top of my list of bullish arguments is that cash yields zero and, perhaps more importantly, it will continue to yield zero for long, long time.

At the risk of over simplification, consider the following question: What better time to buy risky assets than when asset reflation is paramount to recovery and the central bank is intent upon encouraging risky behavior?”

An analysis of market multiples and what they do – and don’t – indicate for the S&P 500.

The article is worth a glance – the author’s conclusion includes the following interesting opinion: “It seems at this point that my original prediction of 950 in the SPX is looking good, and that an overshoot to 900 is possible. I think we are in a long term 900-1200 band that lower growth demands, and that we are trending towards the bottom end of that range.”

Here is a fascinating look at gold mining and why this may be the up-and-coming investment opportunity.  The author concludes by stating, “In conclusion, whether we have deflation, inflation, or pick your favorite ‘flation, we ought to remember history’s record that in a credit contraction, the real price of gold increases relative to all commodities and assets. This increase in the real price of gold results in margin and profit expansion for gold miners as the spread expands between the price of gold and the cost to mine gold. Gold mining will be one of the few, if not only, sectors to enjoy this type of tailwind in the years ahead.

The last cycle’s mega fortunes were made mostly in real estate, computer technology and finance. Tomorrow’s mega fortunes will be made mostly in gold mining. Of course, the road from here to there will continue to be volatile and laden with pitfalls, but the trend remains our friend.”

Many investors ask their fund managers about investing in gold.  Here is one straightforward and interesting answer.  This answer does not reflect the views of this blog, but it is always helpful to see and read many opinions.