Tuesday, November 18, 2008

When the sun goes down on me !

Read this poem on one of my favourite blogs..its a original one..very heart touching....


So I don't talk about you anymore

And they say things will be better than before

So I live another day , hoping they are right

But now , I lie awake , in this cold November night

I think about you and I believe

that when it's time for me to leave

And the sounds of life are defeated by a silent grace

I , my friend , will want to see your face

You trusted me without a why

And I said I am your shade when the sun is high

You just smiled and did not doubt

My false promises kept the reality out

But when the wolves arrived , you saw me depart

And now , the shards of those promises bleed my heart

and When the lady called life loosens her embrace

I , my friend , will want to see your face

Do you hate me now , I do not know

Do you regret knowing a man so shallow

Does it disgust you to remember my voice

Will you live it again , if given a choice

I think you wont , And I see the reason

But I still wish , though guilty of treason

And when the glow of a setting sun fills the space

I , my friend , will want to see your face

You dont let go of your dreams

For a whisper of love can drown all the screams

I know that to talk of love , I have no right

But sometimes you see something only when it is out of sight

So wherever you are , give love another chance

Let it fill your heart , do it's divine dance

As for me ..when the angels of death carry me to a darker place

I , my friend , will want to see your face..........

Without you!

No I cant forget this eveningOr your face as you were leaving
But I guess thats just the wayThe story goes
You always smile but in your eyesYour sorrow shows
Yes it shows
No I cant forget tomorrow
When I think of all my sorrow
When I had you there
But then I let you go
And now its only fair
That I should let you know
What you should know
I cant liveIf living is without you
I cant live
I cant give anymore
I cant liveIf living is without you
I cant give
I cant give anymore

Friday, November 14, 2008

Desperado!

Desperado, why dont you come to your senses?
You been out ridin fences for so long now

Oh, youre a hard one
I know that you got your reasons

These things that are pleasin you
Can hurt you somehow

Dont you draw the queen of diamonds, boy
She'll beat you if shes able
You know the queen of heats is always your best bet

Now it seems to me, some fine thingsHave been laid upon your table
But you only want the ones that you cant get

Desperado, oh, you aint gettin no youger
Your pain and your hunger, theyre drivin you home

And freedom, oh freedom well, thats just some people talkin
Your prison is walking through this world all alone

Dont your feet get cold in the winter time?
The sky wont snow and the sun wont shine

Its hard to tell the night time from the day
Youre loosin all your highs and lows

Aint it funny how the feeling goes away?
Desperado, why dont you come to your senses?

Come down from your fences, open the gate
It may be rainin, but theres a rainbow above you

You better let somebody love you,
....... before its too late!

Friday, November 7, 2008

Simple tips to lose money in stock markets..


1. Minimize profits and maximize losses.
2. Buy when all are buying and sell when all are selling.
3. Speculate in markets but never invest.
4. Invest in penny stocks to quickly become bankrupt.
5. Never research before investing in a stock. Always believe in brokers and tips.
6. Never try to know more about company and its fundamentals.
7. Invest in companies which are posting bad results.
8. Invest in sectors which are in downturn.
9. Always become sentimental with your stocks. Never exit them.
10. Always day trade but never invest for long term.
11. Never book profits in any stock even after reaching your target price.
12. Never set stop loss for your trades.
13. Always invest in overvalued stocks. Never try to know about P/E and PEG ratios.
14. Never try to learn from your mistakes and try to repeat them.
15. Never read books and articles on stock markets to gain more knowledge.

Thanks for the appreciation!

Thursday, November 6, 2008

I don't wanna miss a thing!

I could stay awake just to hear you breathing Watch you smile while you are sleeping..

While you're far away and dreaming I could spend my life in this sweet surrender I could stay lost in this moment forever...

Well, every moment spent with you Is a moment I treasure...

I don't wanna close my eyes I don't wanna fall asleep 'Cause I'd miss you, baby And I don't wanna miss a thing 'Cause even when I dream of you The sweetest dream would never do I'd still miss you, baby And I don't wanna miss a thing Lying close to you Feeling your heart beating

And I'm wondering what you're dreaming Wondering if it's me you're seeing Then I kiss your eyes and thank God we're together And I just wanna stay with you...

I just wanna hold you close Feel your heart so close to mine And just stay here in this moment For all the rest of time Don't wanna close my eyes Don't wanna fall asleep 'Cause I'd miss you, baby And I don't wanna miss a thing 'Cause even when I dream of you The sweetest dream would never do...

'Cause I'd still miss you, baby And I don't wanna miss a thing I don't wanna close my eyes I don't wanna fall asleep 'Cause I'd miss you, baby And I don't wanna miss a thing 'Cause even when I dream of you The sweetest dream would never do I'd still miss you, baby And I don't wanna miss a thing Don't wanna close my eyes Don't wanna fall asleep, yeah I don't wanna miss a thing I don't wanna miss a thing..

Tuesday, November 4, 2008

EV and minority interest!

Finance is not rocket science..we have to pretend it is, to justify our salaries...Most of the terms are self-explanatory like Enterprise value, it is nothing but the value of the enterprise value, Minority interest, Interest at a minority level etc etc. I know my 7th grade english teacher would give me a nice kick at my back side for such horrendous english. Ok coming back, What is the value of the Walmart?...simply if we put this question to ourselves or to others, the obvious answer is "well Walmart is trading at c.$56, number of outstanding shares (assumed) to be 100, that makes the value/M-cap as $5,600". But what we forget is that, m-cap is just the equity component and there are other components to the enterprise value as well like debt, preferred stock etc. So simply put, EV= M-cap + net debt + preferred stock. Preferred stock should be included as it has characteristics of debt. Now the real question "should minority interest be included in the EV calculation or not". I think it should be. Minority interest is another form of capital to fund the business. what i mean, it is a form of capital that grossed up my IS and BS to give me that 100% consolidation.

Now, keep in mind that the main use for Enterprise Value is to create valuation ratios/metrics (e.g. EV/Sales, EV/EBITDA, etc.) When we take, say, sales or EBITDA from the parent company’s financial statements, these figures due to the accounting consolidation, will contain 100% of the sub’s sales or EBITDA, even though the parent does not own 100%. In order to counteract this, we must add to Enterprise Value, the value of the sub that the parent company does not own (the minority interest). By doing this, both the numerator and denominator of our valuation metric account for 100% of the sub, and we have a consistent (apples to apples) metric.

One might ask, instead of adding minority interest to Enterprise Value, why don’t we just subtract the portion of sales or EBITDA that the parent does notown. In theory, this would indeed work and may in fact be more accurate. But we do not have enough information about the sub to do such an adjustment (minority owned subs are rarely, if ever, public companies). Moreover, even if we had the financial information of the sub, this method is clearly more time consuming.

You treat minority interest "as if you borrowed that amount of money to fund 100% of the acquisition". the point to remember is "as if we borrowed"...so guys next time you calculate EV, don't forget to consider minority interest...