Ukunikezwa kwexabiso lokungena kwiiNkampani kwiiNkxaso eziQinisekanga
Ukuchonga iBusiness Cyclical
Ukuchonga ibhankithi ye-cyclical ilula. Bahlala bekhona kunye nemigangatho yoshishino. Abenzi bemoto, iinkampani zeoli, kunye nabavelisi bensimbi okanye i-aluminium.
Cinga ngoFeor okanye iGeneral Motors. Imfuno yemveliso yazo ixhomekeke ngokupheleleyo kwizinga lemali engenayo yomhlaba wonke, eyona mlinganiselo wempilo yezoqoqosho jikelele. Xa ukunyuka kwemali okanye ukunyuka kwezoqoqosho kumancinci kubonakala ngokugqithiseleyo, ezi shishini ziqala ukulahlekelwa lixabiso lemarike ngokukhawuleza - kunye nesizathu esihle. Xa ilungu lentsapho lilahliwe, okanye ingeniso ehlawulwayo iyaqina, abantu bayakuyeka ukuthenga imoto entsha.
Ukujongwa ngokuthe ngqo kwi-General Motors kunika abatyali-mali ukuba baqonde kakuhle ingcamango. Cinga ngembali yokufumana imoto yomenzi weemoto ukususela ngo-1993 ukuya ku-2001:
- 2001 = $ 1.77
- 2000 = $ 6.68
- 1999 = $ 8.53
- 1998 = $ 4.18
- 1997 = $ 8.62
- 1996 = $ 6.07
- 1995 = $ 7.28
- 1994 = $ 6.20
- 1993 = $ 2.13
- 1993 = (i-$ 4.85)
Ukucinga emva kwee-1990s, abatyali-mali baya kukhunjulwa ukuba i-United States yayiphakathi kwehlabathi kunye neMfazwe yasePersian Gulf. Uqoqosho ngokubanzi lwungekho kwimo engcolileyo.
Kwiminyaka edlulayo, uqoqosho lwasuka lwaza lwagubungela kwikharhwebo enkulu yenkomo eli lizwe liye labona. Ukunyuka okulandelelanayo kwinzuzo kubonakala kuyo yonke iminyaka elishumi (isaziso sika-1998 xa iWall Street ibandakanyeka ngamanani e-stock stock and value, kwaye okona mzuzwana, ukungaqiniseki.
Ezi ziganeko zikhokelela ngqo kumgca we-GM, nge-50% ukuwa kweenzuzo malunga nenkqubo yonyaka.)
Ingxelo yonyaka yamuva yenkampani ibonisa ukuba imali yokufumana imali yayingaphantsi kwe-73.5%. Lo ngowokuqala kunyaka opheleleyo emva kokuba uqoqosho luqale ukuzilungisa, kwaye njengawo onke ama-cyclicals, i-General Motors yenye yeyona nto yamashishini okuqala ukuba abe nempembelelo.
Indlela yokuBaluleka kweeShishini zeSandi
Oku kubonisa ingxaki ecacileyo yokuxabisa. Ingakanani umtyalo-mali kufuneka azimisele ukuhlawula ibhiziniselwano?
UBen Graham , "uMlawuli weWall Street" kunye noyise wexabiso lokutshala imali, weza nesisombululo malunga neminyaka engamashumi asixhenxe edlulileyo. Wayegcina ukuba umtyalo-mali kufuneka ahlawule ngokusekelwe kumvuzo oqhelekileyo webhankini yexesha eliyiminyaka elishumi edlulileyo. Ngokomlando, eli thuba liye lamboza umjikelezo wezoshishino, ngokuhlwa kwamanqanaba aphakamileyo.
Ngaba umtyalo-mali wayexabise iMG ngonyaka ka-1999 xa imali eyabelwe i-share-share yayingama-8.53 ayi-8,5, yayiza kuhlawula kaninzi ukuba yintoni inkampani. Esikhundleni salowo, kufuneka ukuba abeke uqikelelo lwakhe lwempumelelo kwixesha elizayo kwi-1.) izinga lokukhula kwembali likaGenerali Motors, kunye no-2.) umyinge wemali engama-4.66 ngesabelo ngasinye kwishumi elidlulileyo.
Xa Iziphumo eziPhakamileyo ziphezulu kakhulu okanye ziPhantsi kwiSitishi seSikethi
Kwimeko yeGeneral Motors, nangona "umyinge" umvuzo unokuba lukhulu kakhulu uqikelelo lwenzuzo ezayo.
Ukuqwalasela imarike engenakwenzeka ngaphambili yee-1990, kunzima ukukholelwa ukuba amanqanaba afanelekileyo okufumana imali angaqhubeka ngonaphakade. Ukuba ukholelwa ukuba iUnited States ihamba ngokunyuka kwexesha eliphantsi okanye ukuhlawulela ngokwemali, kufuneka ubeke umvuzo wakho omyinge kwimbuyekezo yembali ibhishini linikeze ngexesha lezinye izinto ezijikelezayo. Kwixesha elidlulileyo, uMG ulahlekelwe yimali okanye uthumele i- EPS ye- 1-2 kwiixesha . Ukuba ulindele ukuba le miqathango ithintele iminyaka emininzi, umvuzo omyinge we-4.66 ngesabelo ngasinye usenokuba nobutyebi kakhulu.