Do you want to get paid a bunch of money to sell your company but don’t want to stop working yet? A sell-and-stay strategy can help you monetize your lifelong work while allowing you to focus on the part of your job that you enjoy. A sell-and-stay strategy is a transaction that looks like a merger crossed with an outright transaction. It involves the seller getting paid upfront, instead of exercising a more conventional “earn-out,” which forces the seller to take on some payment risk. Instead of the owner walking away, she sticks around and gets paid as an employee…
Insights & Advice
Allen Harris
Short-term detour to new highs
Dalton — The U.S. stock market’s rapid advance has paused for the first half of September. Investors are taking a moment to consider what’s next for COVID-19, fiscal stimulus, economic shutdowns, and how these might affect the stock market. Also, an old concern has resurfaced: stock prices have likely been discounted due to the upcoming presidential and congressional elections. The stock market appears worried that one party may win control of both the White House and Congress; stock prices tend to perform better during political gridlock. Despite equity market volatility, systemic liquidity remains ample. Unlike the Great Recession, references to a…
Mind Your Business: Cut through that one obstacle
What is that one thing getting in the way of you doing bigger things? In 1914, a canal was opened to connect the Atlantic and Pacific oceans through the Isthmus of Panama. The 50-mile stretch of new waterway changed global trade, saving ships months of travel by avoiding piloting around Cape Horn. In addition to shortening the trip by 25,000 miles, ships were able to avoid the dangers of the Horn, where the Atlantic, Pacific and Antarctic oceans collide and cause nearly 100-foot waves, which caused at least 800 known shipwrecks. Julia Pimsleur, the author of “Million Dollar Women: The…
What will the next correction look like?
Dalton — Well, Thursday wasn’t any fun for me. After closing at a record high on Wednesday, Sept. 2, the S&P 500 closed down -3 percent on Thursday. It was the worst one-day decline for the index since its 5.89 percent loss on June 10, so not that long ago. However, it was the first time since 1999 when the index lost more than 2 percent after closing at a new high the day prior, and only the eighth ever instance. Previous occurrences of these 2 percent drops have happened in clusters (three in the ‘50s, two in the ‘80s, and…