With economic growth returning to the developed world, the end of years of quantitative easing and easy monetary policy is in view; inflation concerns are reviving, guaranteeing rising interest rates along with tightening liquidity.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our
growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions
with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global
economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global
economic uncertainty or otherwise; 8) the effect of
economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements
with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements
with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts
with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16)
returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships
with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance
with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
He expects low - risk
returns in line
with economic growth, say about 2 % after inflation.
What that means is that you are in an environment that is going to have further trouble in terms of investment
returns that are in areas that are based on
economic growth and areas that do relatively well like bonds... Broadly speaking, I think that investors should be looking for lower prices on most risk assets in these developed countries
with the exception of Japan.»
«Our 2017 outlook shows more balanced
growth across the country,
with Alberta and Saskatchewan
returning to positive
growth and
economic activity moderating in British Columbia.»
Lastly, Bladex's focus on Latin America augurs well for its long - term prospects, and a likely
return to
growth in the near future, especially when paired
with an emphasis on credit quality that should pay off
with reduced downside risk and fewer losses, especially during
economic down cycles.
After almost a decade of slow
growth, we may finally be
returning to what one might call «the old normal»: faster
economic growth coming together
with the
return of increasing costs, inflation, rising interest rates, and greater volatility.
Economic growth in Canada is expected to average 2.1 per cent in 2015 and 2.4 per cent in 2016,
with a
return to full capacity around the end of 2016.
Second, while
growth has been disappointing in both developed and emerging markets, financial markets remain hopeful that better
economic data will emerge in the second half of 2013 and 2014, especially in the US and Japan,
with the UK and the eurozone bottoming out and most emerging markets
returning to form.
As policy continues to normalize and reach a more normal rate and financing dynamic that is closer to being consistent
with today's levels of
economic growth and inflation, these pernicious influences should abate and confidence in corporate investment may
return.
Indeed, because the level of interest rates at any point in time is highly correlated
with the level of nominal
economic growth over the preceding decade, the relationship between starting valuations and actual subsequent S&P 500 nominal total
returns is nearly independent of interest rates.
Sponsored by: Center for Value Investing and Investor Academy Location: Guiollettstraße 14, 60325 Frankfurt am Main 08:00 a.m. - 08:30 a.m. Registration and Welcome Tea 08:30 a.m. - 09:30 a.m. Robert Miles, Author & Conference Organizer & Host [USA] Topic: «The Warren Buffett Manager: Making Investments In The Right Partner» 09:30 a.m. - 10:30 a.m. Hendrik Leber, Managing Director, Acatis [EUROPE] Topic: «How to Value a Business» 10:30 a.m. - 10:45 a.m. Mid Morning Tea 10:45 a.m. - 11:45 p.m. Patrick Dorsey, Author & Director of Equity Research, Morningstar [USA] Topic: «Using
Economic Moats to Improve Investment
Returns» 11:45 p.m. - 12:45 p.m. Alexis Eisenhofer, Founder and Director, ATACAMA Capital [EUROPE] Topic: «Criteria for Selecting Stocks
With Substance: Consider the Value Premium and Value Timing» 12:45 p.m. - 13:45 p.m. Conference Lunch 13:45 p.m. - 14:45 p.m. Prof. Max Otte, Author, Professor and Lecturer [EUROPE] Topic: «The Fallacy of Growth and How to Test for Franchises» 14:45 p.m. - 15:45 p.m. David Pastel, Founder & CIO, Pastel & Associés [EUR] Topic: «Margins of Safety: The Concept with a Thousand Fa
With Substance: Consider the Value Premium and Value Timing» 12:45 p.m. - 13:45 p.m. Conference Lunch 13:45 p.m. - 14:45 p.m. Prof. Max Otte, Author, Professor and Lecturer [EUROPE] Topic: «The Fallacy of
Growth and How to Test for Franchises» 14:45 p.m. - 15:45 p.m. David Pastel, Founder & CIO, Pastel & Associés [EUR] Topic: «Margins of Safety: The Concept
with a Thousand Fa
with a Thousand Faces.
Still, the estimates of prospective 10 - year S&P 500
returns below stick
with a 6.3 % long - term
economic growth assumption, because I want to emphasize that prospective market
returns are dismal even on optimistic
economic assumptions.
As bankers, we are concerned about
growth and
returns - regulators about safety and soundness - central bankers
with the competing interests of systemic risk and
economic growth - and politicians have to deal
with significant public discourse.
Armed
with 200 years of taxation receipts and other
economic indices from developed countries (mainly France, Britain and the US) he shows there is one
economic law that approaches a constant: the rate of
return on capital (r) is usually higher than the rate of
economic growth (g).
We need a serious and big picture statement from Greg Clark or even David Cameron himself on how they plan to reconcile their extraordinarily ambitious targets to cut the UK's carbon emissions
with the number one priority of the British voter; a
return to job - creating, income - enhancing
economic growth.
On his website, he had cited four main objectives —
returning power and choice in education to parents, teachers and local districts; pursuing governmental ethics reform beginning
with the Governor's office; making sure communities are safe without abridging Second Amendment Rights; and to stimulate
economic growth and bolster middle - class financial security.
The Brazil that was immune to the effects of the global crisis of 2008 shows at present signs of
economic deterioration characterized by low GDP
growth and the
return of inflation, which could mean the existence of a process of
economic stagnation
with inflation (stagflation).
«
With the rapidly expanding full - size pickup market continuing to benefit from economic growth and replacement demand, price - conscious buyers are returning looking for an affordable truck with space, capability and st
With the rapidly expanding full - size pickup market continuing to benefit from
economic growth and replacement demand, price - conscious buyers are
returning looking for an affordable truck
with space, capability and st
with space, capability and style.
Such statements reflect the current views of Barnes & Noble
with respect to future events, the outcome of which is subject to certain risks, including, among others, the general
economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low
growth or declining sales and net income due to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated
with data privacy, information security and intellectual property, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects of competition, possible risks that inventory in channels of distribution may be larger than able to be sold, possible risks associated
with changes in the strategic direction of the device business, including possible reduction in sales of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able to be effectively utilized in devices to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that
returns from consumers or channels of distribution may be greater than estimated, the risk that digital sales
growth is less than expectations and the risk that it does not exceed the rate of investment spend, higher - than - anticipated store closing or relocation costs, higher interest rates, the performance of Barnes & Noble's online, digital and other initiatives, the success of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, the potential adverse impact on the Company's businesses resulting from the Company's prior reviews of strategic alternatives and the potential separation of the Company's businesses, the risk that the transactions
with Microsoft and Pearson do not achieve the expected benefits for the parties or impose costs on the Company in excess of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution of those applications is not achieved, risks associated
with the international expansion contemplated by the relationship
with Microsoft, including that it is not successful or is delayed, the risk that NOOK Media is not able to perform its obligations under the Microsoft and Pearson commercial agreements and the consequences thereof, risks associated
with the restatement contained in, the delayed filing of, and the material weakness in internal controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated
with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated
with the ongoing efforts to rationalize the NOOK business and the expected costs and benefits of such efforts and associated risks and other factors which may be outside of Barnes & Noble's control, including those factors discussed in detail in Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, and in Barnes & Noble's other filings made hereafter from time to time
with the SEC.
Such statements reflect the current views of Barnes & Noble
with respect to future events, the outcome of which is subject to certain risks, including, among others, the effect of the proposed separation of NOOK Media, the general
economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low
growth or declining sales and net income due to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated
with data privacy, information security and intellectual property, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects of competition, possible risks that inventory in channels of distribution may be larger than able to be sold, possible risks associated
with changes in the strategic direction of the device business, including possible reduction in sales of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able to be effectively utilized in devices to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that
returns from consumers or channels of distribution may be greater than estimated, the risk that digital sales
growth is less than expectations and the risk that it does not exceed the rate of investment spend, higher - than - anticipated store closing or relocation costs, higher interest rates, the performance of Barnes & Noble's online, digital and other initiatives, the success of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, risks associated
with the commercial agreement
with Samsung, the potential adverse impact on the Company's businesses resulting from the Company's prior reviews of strategic alternatives and the potential separation of the Company's businesses (including
with respect to the timing of the completion thereof), the risk that the transactions
with Pearson and Samsung do not achieve the expected benefits for the parties or impose costs on the Company in excess of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution of those applications is not achieved, risks associated
with the international expansion previously undertaken, including any risks associated
with a reduction of international operations following termination of the Microsoft commercial agreement, the risk that NOOK Media is not able to perform its obligations under the Pearson and Samsung commercial agreements and the consequences thereof, the risks associated
with the termination of Microsoft commercial agreement, including potential customer losses, risks associated
with the restatement contained in, the delayed filing of, and the material weakness in internal controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated
with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated
with the ongoing efforts to rationalize the NOOK business and the expected costs and benefits of such efforts and associated risks and other factors which may be outside of Barnes & Noble's control, including those factors discussed in detail in Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended May 3, 2014, and in Barnes & Noble's other filings made hereafter from time to time
with the SEC.
economic growth and higher
returns on investments (especially after the Great Recession of 2008 - 2009) that generated higher dividend and capital gain distributions,
with no associated tax withholding,
For example, the real estate sector has
returned on average 6 percent for every one percent of GDP
growth but has very little foreign revenue exposure, so may be a strong sector to overweight for both diversification to international equity exposure and for upside potential
with U.S.
economic growth.
She believes current investment risks stem from a myriad of issues: central banks starting to take out liquidity, interest rates starting to go up, more uncertainty in regards to
economic numbers, tensions
with growth,
returning inflation and macroeconomic uncertainties.
With the return to steady economic growth in recent years — and with issuers now believing that they have more robust underwriting and pricing systems — issuers are now refocusing on consumers in lower FICO Score categor
With the
return to steady
economic growth in recent years — and
with issuers now believing that they have more robust underwriting and pricing systems — issuers are now refocusing on consumers in lower FICO Score categor
with issuers now believing that they have more robust underwriting and pricing systems — issuers are now refocusing on consumers in lower FICO Score categories.
With high - yield securities, better - than - expected
economic growth boosts cash flow expectations while lower - than - expected inflation helps to preserve yields in real terms (i.e., higher inflation eats into
returns).
Returning to Australia... The Australian banks are an excellent group of companies that: (i) are domiciled in a country
with very high GDP per capita
with excellent / extremely consistent
economic performance (high GDP
growth / last recession in 1991); (ii) have mid-teens ROE, near the top globally among developed economies; (iii) retain some of the highest capital ratios in the world (~ 15 % CET1 ratios, vs. Canadian banks at ~ 11 %); and finally (iv) have very high and reliable dividend yields (between 7 - 9 %, generally).
With an increasing
economic growth the company expects to expand a gross domestic products at a higher rate which in
return will create demand for insurance products.
ULIPs score over traditional plans in the sense that they provide higher
returns in tune
with the
economic growth of the markets.
With price
growth slowing, and even turning negative, in some major housing markets such as UK and the US due to the recent global financial and
economic crisis, it is important for property investors aiming at maximizing
returns and minimizing risk, to understand the dangers of purchasing a property in order to rent it.
My standard advice to anyone is that if you're already in RI for some other reason, it's certainly possible
with some hard work to eke out an OK real estate investing
return, but if you have any choice at all I strongly urge you to research other, higher -
economic -
growth and more - business - friendly, parts of the country.
«When you couple the slow but steady rise in single - family unit construction
with an increase in builder confidence, it's further support that housing is
returning to its place as a major player in driving
economic growth.»