07-25-2015, 11:22 AM
(07-25-2015, 10:20 AM)KenBob Wrote:(07-25-2015, 08:13 AM)Dividend Watcher Wrote: Added another small batch of RY when the price went below US$60. Used up the little I collected from dividends and the South32 sale.
Have a small amount of change in the wife's portfolio and 1 free trade at TD that I have to use up before 8/3. Choices, choices. I'm really waffling on what to buy -- more WPC or more EMR.
I just looked at RY on Yahoo. How can they have an enterprise value of -61.66B? I am confused.
EV = Market Cap + Debt - Cash & Cash Equivalents
So, when a company has more cash than market cap + debt, EV can be negative.
http://www.investopedia.com/ask/answers/...-value.asp
According to Yahoo Finance, market cap = $82B, total debt = $154B, and total cash = $298B ... so, EV = -62B