A privatized online service that provides the public with the ability to quickly download valid EDGAR filings submitted to the Securities and Exchange Commission (SEC). The EDGAR PDS System has been operational since November 1998 and is operated by Keane Federal Systems, Inc. It enables subscribers to retrieve corporate filings such as registration statements and periodic reports in real time as they are submitted to the SEC. Taobiz explains EDGAR Public Dissemination Service (PDS) System The EDGAR PDS System is a useful tool for filing agents, document retrieval companies and SEC-regulated companies that need quick and affordable access to SEC filings. Investors use the public information to formulate investment decisions and conduct fundamental analysis.
A measurement of a company's operating profitability. It is equal to earnings before interest, tax, depreciation and amortization (EBITDA) divided by total revenue. Because EBITDA excludes depreciation and amortization, EBITDA margin can provide an investor with a cleaner view of a company's core profitability. Taobiz explains EBITDA Margin A firm with revenue totalling $125,000 and EBITDA of $15,000 would have an EBITDA margin of $15,000/$125,000 = 12%. The higher the EBITDA margin, the less operating expenses eat into a company's bottom line, leading to a more profitable operation.
Purchasing stock not because you desire it but because you are forced to do so. Taobiz explains Eating Stock Underwriters who can't find enough investors to purchase IPO shares are sometimes forced to eat stock. The underwriter is forced to purchase the shares that could not be sold to the public.
Aggressive competition that results in one company taking portions of another company's market share. Taobiz explains Eating Someone's Lunch A more aggressive company "eats the lunch" of another company when it takes some of its competitor's market share. This can be achieved through the implementation of a better product, an aggressive pricing strategy, or other competitive advantages.
A list of securities deemed to be available for borrowing in short selling transactions because their delivery is assured. Availability is usually due to their accessible nature and/or high number of outstanding shares. Taobiz explains Easy-To-Borrow List Also known as a blanket or standing assurances by members or associated persons, this easy-to-borrow list is updated every 24 hours. It gives firms the ability to transact short sells more readily, as they aren't required to research the availability of a stock every time it is requested for a short sale transaction. Instead they can assume that stocks on the list are readily available.
The earnings per share for the most recent 12-month period divided by the current market price per share. The earnings yield (which is the inverse of the P/E ratio) shows the percentage of each dollar invested in the stock that was earned by the company. The earnings yield is used by many investment managers to determine optimal asset allocations. Taobiz explains Earnings Yield Money managers often compare the earnings yield of a broad market index (such as the S&P 500) to prevailing interest rates, such as the current 10-year Treasury yield. If the earnings yield is less than the rate of the 10-year Treasury yield, stocks as a whole may be considered overvalued. If the earnings yield is higher, stocks may considered undervalued relative to bonds. Economic theory suggests that investors in equities should demand an extra risk premium of several percentage points above prevailing risk-free rates (such as T-bills) in their earnings yield to compensate them for the higher risk of owning stocks over bonds and other asset classes.
When the earnings reported in a company's quarterly or annual report are above or below analysts' earnings estimates. Taobiz explains Earnings Surprise Company earnings are watched closely by many analysts and investors. When a positive earnings surprise occurs, share price will usually increase. A negative earnings surprise will usually result in a decline in share price.
The months in which a majority of quarterly corporate earnings are released to the public. Taobiz explains Earnings Season Earnings season occurs in the month following the end of each quarter: January, April, July or October.
登录
工商服务
危机公关
金融律师
app开发
财税服务
金融牌照
网站建设
知识产权
企业征信
审计评估