Tim Koller says the value of any investment is driven by its cash flows discounted at its cost of capital.
“the value of any investment is driven by its cash flows discounted at its cost of capital.”
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Tim Koller
1 episodes · 4 quoted claims
Tim Koller says consumer packaged goods companies often grow modestly but earn high returns on capital and create a lot of value.
“There are some companies that grow modestly but have high return on capital, like consumer packaged goods companies that create a lot of value.”
Tim Koller cites an unnamed high-tech company that chased about ten percent EPS growth while core markets were flat and missed investing in a novel technology that peers profited from.
“a high-tech company that, uh, saw a novel technology and had plenty of opportunity to invest in it. But at the same time, they were trying to achieve a ten EPS growth”
Tim Koller cites an unnamed retailer that cut its frontline sales force and de-skilled staff to boost profits.
“a retailer, uh, that, uh, in order to boost profits, uh, cut the frontline sales force and de-skilled the people, right?”