Operating at the Intersection of Technology and the Capital Markets
Category: Investing
Many investors were waiting for SS&C Technologies (ticker: SSNC) to return to organic revenue growth. The company recently checked that box in Q1 2021 and organic growth accelerated in Q2 (read more HERE). SSNC remains a relative value versus the peer group at 23x Enterprise Value to Trailing Operating Cash Flow. Further, SS&C is generating … Continue reading SS&C Technologies Is Worth A Look
TEK2day Spotlights are sponsored reports that focus on a particular industry and/or technologies. M&A Activity & Low Interest Rates, Product & Process Innovation and Digital Transformation & Advanced Automation are some of the catalysts driving change within the global insurance industry. Click HERE to access the full report. Reach us at info@tek2day.com with any questions.
Federal Reserve Chairman Jerome Powell has spearheaded the most radical monetary policy in American history. From zero percent interest rates to Quantitative Easing to Corporate Security Asset Purchases to various lending facilities, to subsidizing fiscal spending programs and deficits - The Fed's resume is not one to be proud of. Under Powell the Fed has … Continue reading The Most Radical, Irresponsible Monetary Policy In U.S. History
Financial/Professional services firms Aon (ticker: AON) and Willis Towers Watson (ticker: WLTW) mutually agreed to end their proposed $30 billion combination. It will be interesting to see if the new Biden Administration takes a tougher stance not only on Technology combinations, but as it relates to sizeable proposed M&A transactions across industries. The insurance industry … Continue reading Insurance Giants Aon and Willis Towers Watson Scrap Their Merger
Health records, utilities, payment processing systems, streaming platforms and thousands of other consumer and commercial use cases will either be migrated to the cloud or will continue to scale on the cloud. This activity will continue to drive cloud revenue growth for decades to come. AWS, Azure and Google Cloud are well-positioned to become three … Continue reading It’s Early Days for Cloud Platforms AWS, Azure and Google Cloud
We reviewed Zillow (ticker: ZG) Rental data for clues to true rental price inflation. Zillow rental data tells a different story than the Fed's rental survey data (Owners' equivalent rent of residences), which is comprised of hypothetical information based on homeowner assumptions (see page 1, heading labeled: Weights for OER and Rent). The Fed's rental … Continue reading Real Rental Data Tells A Different Story Than The Fed About Price Inflation
The most liquid measure of the money supply - M1 - is up 4.8x since February 2020. Given the exorbitant inflation of the money supply, we are only in the early stages of price inflation. Cash-rich Technology companies can take several steps to combat inflation. Now is not the time for cash-rich Technology companies to … Continue reading How Technology Companies Can Fight Inflation
The Fed, Treasury and the SEC fired a shot at stablecoins. It feels to us that the three Federal agencies are clearing a path for the digital dollar. Stablecoins are crypto currencies that are pegged to a fiat currency and thus behave similarly to fiat currencies and therefore represent a potential threat to fiat currencies. … Continue reading The Fed & Treasury Are Clearing The Runway For The Digital Dollar
For a more accurate read on price inflation than the tall tale spun by the CPI, look no further than growth of the money supply. It is the forever growing money supply that enables the Federal Reserve to spend $120 Billion per Month on purchases of Treasuries and Government Agency Securities to maintain artificially low … Continue reading What Is The Real Rate of Price Inflation?
Blackstone (ticker: BX) and AIG (ticker: AIG) announced a deal where Blackstone would pay $2.2 billion to acquire a 9.9% stake in AIG's life insurance and retirement services group ("AIG L&R"). The deal will take Blackstone's insurance business to approximately $150 billion AUM. We will have a TEK2day "Spotlight" report on this subject in the … Continue reading Private Equity Continues To Acquire Insurance Assets
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