#CBS MARKET WATCH FULL#
What Is an Initial Public Offering (IPO)?ĭan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.Ī long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance.Can Stocks Picked by Artificial Intelligence Beat the Market? 3 Stocks to Watch.
The bottom line? "Investors should avoid this IPO, as we see very limited upside ahead," Trainer says. "Many of the competitors have more than enough capital and expertise to build their own custom solutions and box Arm out of many of the markets in which it needs to grow to justify its lofty IPO valuation," he says. The analyst adds that Arm's valuation "implies that the company needs to grow its revenue by over 20% compounded annually every year for the next decade, which is a highly unlikely scenario."Īrm faces a growing brigade of formidable competitors in each of its end markets, Trainer notes. "After a nearly two-year drought in the IPO market, SoftBank is wasting no time by offering Arm Holdings to the public markets, and at a valuation that is completely disconnected from the company’s fundamentals," Trainer writes in note to clients Tuesday. So when Trainer puts out a bearish call on the Arm IPO, it's bound to generate controversy. The company was founded by Joseph Johnson and William Seidemann in 1920 and is headquartered in Kenosha, WI.David Trainer, CEO of New Constructs, a research firm powered by artificial intelligence, is best known for being skeptical of some of the hottest IPOs of the past few years. The Financial Services segment consists of installment sales and lease contracts arising from franchisees' customers, and business loans and vehicle leases to franchisees.
#CBS MARKET WATCH PROFESSIONAL#
The Repair System and Information Group segment serves professional vehicle repair customers, primarily owners and managers of independent repair shops and original equipment manufacturer dealerships through direct and distributor channels. The Snap-On Tools Group segment includes business operations primarily serving vehicle service and repair technicians through its worldwide mobile tool distribution channel. The Commercial and Industrial Group segment consists of business operations that serve the aerospace, natural resources, government, power generation, transportation, and technical education markets. The firm operates through the following segments: Commercial and Industrial Group, Snap-On Tools Group, Repair Systems and Information Group, and Financial Services. Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education. engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks.
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