Source: Shutterstock Key Insights International Business Machines’ estimated fair value is US$163 based on 2 Stage Free Cash Flow to Equity International Business Machines’ US$135 share price indicates it is trading at similar levels as its fair value estimate In this article we are going to estimate the intrinsic value of International Business Machines Corporation ( NYSE:IBM ) by estimating the company’s future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. There’s really not all that much to it, even though it might appear quite complex. Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . Is International Business Machines Fairly Valued? We’re using the 2-stage growth model, which simply means we take in account two stages of company’s growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get […]

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Westend61/Getty Images Capital One is well known for its rewards credit cards for consumers. It also offers a slew of great business credit cards — and that’s true whether you want to earn flexible cash back or rewards you can redeem to cover travel expenses. If you’re in the market for a business credit card, Capital One’s slate is worth considering. Not only do business cards from Capital One offer valuable rewards and cardholder benefits, but each one offers free employee cards for workers and no foreign transaction fees . What is the best Capital One business credit card? It depends on the business spending you plan to do over the next year — and the business rewards you’d like to earn. Our ranking highlights the top Capital One credit cards you should consider based on factors like rewards rates, sign-up bonuses and annual fees. Capital One Spark Cash Plus Card: Best for earning cash back The Capital One Spark Cash Plus Card rewards business owners with a generous welcome bonus and an easy-to-understand earning rate. New cardholders can earn a cash bonus of up to $1,000: $500 cash back when they spend $5,000 within three months of account […]

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Join us for this free webinar as top US female angel investor, Kim Perell, reveals why pivoting is crucial for companies of any size and how you can identify if it’s time to make a change. Register now → Are you struggling to make sales? Is your competition increasing? Are you having cash flow issues? Are you feeling defeated and not sure what to do next? These may be signs you may need to pivot your business. Don’t know where to start? In this informative webinar, award winning entrepreneur and prominent investor Kim Perell, will reveal why pivot is an essential part of building a successful business. As market conditions change and technology evolves, so must a company’s ability to adapt. Through her own riveting real-life examples, Kim will break down the reasons why pivoting is crucial for companies of any size and how you identify if it’s time to make a change. Why pivoting is crucial for companies of any size Recognizing 3 signs of when it is time to pivot The 5 pivots every leader faces The one thing never to change in any company Developing the winning mindset to adapt to change Join us for this […]

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Many, if not most, of the businesses who remain in Russia employ communications experts or agencies, who know very well the moral, legal and reputational risks of continued operations in a country committed to crimes against humanity. Just under a year ago I introduced myself to the readers of this publication – the global PR community – with an appeal “to support Ukraine as a nascent democracy defending both ourselves and the rest of the free world” as I tried to convey the shock and horror of an unprovoked war. A year ago, I thought that the communications community responded. PRCA and ICCO quickly formed the Ukraine Communications Support Network (UCSN), which I now co-chair with David Gallagher, and through it countless individuals and agencies have volunteered hundreds of hours of time organizing dozens of projects to promote humanitarian aid, counter propaganda, and amplify campaigns from Ukrainian creatives. In fact, PRovoke Media changed the names of the geographical categories in its annual contest of cases and stopped inviting Russian judges and cases. We’ve been invited to webinars, podcasts, live conferences and even a major Japanese television documentary, all in the spirit of unity and empathy from colleagues around the […]

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It’s really easy for business owners to get lost in the day-to-day of running a business. If that’s you, here’s why you need to take a step back and work on the big picture instead. Opinions expressed by Entrepreneur contributors are their own. As an entrepreneur, you’re inherently always busy . You’re constantly on the go, whether you’re trying to spark new business or putting out fires for your company. Even when you come home tired from a busy day, you’ll check your emails again and work a little more. Then you get up and do it again the next day. Over the years, surveys have shown that business owners put in much more than a 40-hour week — often 50 or 60 hours. And while you may have lots of great ideas to grow your business, it’s likely that you have a lot less time to execute them. While it’s a true labor of love, it often feels like being on a hamster wheel. Unfortunately, these are all symptoms of being lost inside your business. It’s something all entrepreneurs feel at one point or another, but it’s a sign to stop getting lost in the day-to-day hustle and […]

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With the pending demolition of one major property, a go-to ballroom spot for Sarasota events is being taken off the board. Kolter Hospitality intends to demolish the Hyatt Regency in Sarasota and rebuild it into a Thompson-branded hotel. The lack of a large, or even mid-size, branded convention center and meeting space in downtown Sarasota — long an issue for business and civic leaders — is inching closer to an inflection point. The crux of the issue: the new owners of the Hyatt Regency, at 1000 Boulevard of the Arts, plan to demolish the hotel and rebuild it into a Hyatt-branded Thompson Hotel. A timeline for that project, originally set for summer 2024, isn’t definitive. But whenever the Hyatt goes, a 10,000-square-foot ballroom that can seat some 750 people will go with it. “The Hyatt has been our meeting lifeline,” says Virginia Haley, President of Visit Sarasota County, the county’s tourism marketing arm. VSC works with dozens of groups and associations globally to hold and host meetings and events in the region. The Hyatt is in the upper end but still reasonably priced sector of the market, and a popular spot for both out of town groups and local […]

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I’d like to express my gratitude to the Palm Springs no-kill animal shelter and the Frisky Business Cat Café for their help with three kittens I rescued along with their mother off Clancy Lane in July. We had them tested, spayed and got their shots but had no luck finding homes for these beautiful kittens. In January, we took the kittens to Palm Springs Animal Shelter (PSAS) to get them adopted. One, Dusty Rose, was adopted and her sisters, Rainbow and Raven, were taken to the Frisky Business Cat Cafe for adoption. All the people volunteering at PSAS are so kind and helpful. The young couple who owns the Cat Cafe are delightful and very intent on the cats’ welfare. These two groups run on donations and if you can drop by and donate food, toys and/or money to the PSAS and funds to the Cat Cafe, it would help so many cats and kittens abandoned who deserve a good life. And who knows? One may steal your heart and be your best furry friend. Claudia Ferguson, Cathedral City Is there no end to the outrageous utility bill insanity? With the economy out of control, affordable housing nonexistent and […]

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The Better Business podcast from the Penn State Smeal College of Business pairs research faculty with Smeal alumni who are industry leaders. The discussions reveal unique perspectives on trending business topics. UNIVERSITY PARK, Pa. — The Penn State Smeal College of Business has announced the introduction of a new podcast series that will offer research-based insights and industry perspectives on the issues and trends shaping the world of business. Hosted by award-winning financial journalist and Smeal alum Farnoosh Torabi, the “Better Business” podcast will feature Smeal alumni and faculty members as well as other high-achieving thought leaders in the world of finance, accounting, supply chain, marketing, management, real estate and international business. The 10-episode season will begin the week of Feb. 27. “We regularly engage with our alumni around the world and, in doing so, we frequently hear about the challenges they face as leaders,” said Charles H. Whiteman, John and Karen Arnold Dean of Smeal. “From disruption in the supply chain, to climate change, social activism, the Great Resignation, and international relations, the issues and opportunities confronting business leaders today have never been more complex. This podcast offers informed perspectives on those challenges.” Each episode of “Better Business” […]

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MEMPHIS, Tenn., Feb. 20, 2023 /PRNewswire/ — The Black Business Association of Memphis (BBA) remains committed to cultivating and growing their Memphis ReStart Initiative, a Black business initiative designed to promote economic development within the Memphis community. This Black History Month, it’s important to not only acknowledge Black contributions to American culture, but to take actionable steps towards Black economic prosperity. Continue Reading Black Business Association of Memphis (BBA) Black Business Association of Memphis (BBA) Founded in 1974, BBA is missioned to help Black entrepreneurs, professionals, and executive-level candidates in Memphis succeed through education, advocacy, and business development. Now, that mission has expanded to include the Memphis ReStart Initiative, a program focused on advocating for and uplifting the Black business community and providing Memphis business owners with the guidance needed to overcome barriers to success. This ReStart Initiative is built on three pillars: Next Level Leadership, Succession Solutions, and Talent Connect. These pillars are designed to help Black business professionals gain insight, develop relationships, and access the resources needed for success. Next level leadership provides business owners with the skills to take their businesses to the next level. Succession solutions help business owners understand the best practices of succession […]

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Trump is returning to Facebook and Instagram after 2-year ban New York CNN — Meta is testing a subscription service which will allow Instagram and Facebook users to pay to get verified, Mark Zuckerberg announced on Instagram Sunday. “Meta Verified” will start at $11.99 a month on the web or $14.99 a month on iOS, and the company will begin releasing it in Australia and New Zealand this week and “more countries soon.” The service also comes with other perks: extra protection from impersonation accounts and direct access to customer support. Meta shares surge nearly 20% as Zuckerberg pledges to make 2023 a ‘year of efficiency’ To avoid fake accounts, customers who want to get the blue badge would need to provide a government ID which matches their profile name and picture. Users must also be above 18 to be eligible. “This new feature is about increasing authenticity and security across our services,” Zuckerberg wrote in an Instagram broadcast channel. In a statement, Meta clarified there will be no changes to accounts that are already verified. Verification was previously for users who are “authentic and notable.” “We are evolving the meaning of the blue badge to focus on authenticity […]

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