Telecom company Mint Mobile is cutting rates, and Ryan Reynolds is here to tell you why: “Because we don’t hate you.” Yes, that Ryan Reynolds. On top of his other investments and movie-star-related activities, Reynolds is an owner of Mint, a mobile virtual network operator that he first invested in back in 2019. Though Mint doesn’t disclose the size of its user base or Reynolds’s stake, the company says it has more than doubled in size annually since it was founded five years ago. In… Source link
Read More »The counterintuitive truth about stock market valuations: Morning Brief
Monday, November 23, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Market valuations aren’t mean reverting Stock market valuations can make investors nervous when elevated above long-term averages. And valuations are very much elevated right now. “The forward 12-month [price/earnings] ratio for the S&P 500 is 21.7,” Factset’s John Butters observed on Friday. “This P/E ratio is above the 5-year average (17.4) and above the 10-year… Source link
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