You will have to fulfill your commitment of delivery by purchasing
the asset at a high price.
People are prone to imitate past success, even when a rational person would conclude that it doesn't make any sense to borrow money and buy
an asset at a high price.
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.
«We view this as a «home - run deal» for Disney and while its an aggressive acquisition with a
high price tag, in our opinion this is the right move
at the right time as the marriage of these
assets creates a much more formidable Disney,» Ives said.
The
price gap behind the rise of cross-border airfare shopping, according to Tae Oum, a professor
at the University of B.C., stems from Canada's
higher fuel
prices, wages,
asset prices, landing and terminal fees and air traffic control charges.
These
assets that are being bought
at high prices are
assets that really need to be transformed.
Frothy
asset prices As the WGC points out, not only did
asset prices hit multi-year
highs around the world in 2017, but the S&P is still sitting
at an all - time
high.
Commonwealth Bank of Australia, the country's No 2 lender by
assets, on Monday said it raised A$ 2.1 billion ($ 1.55 billion) from institutional investors
at A$ 78 a share, 9 percent
higher than the offer
price.
One hint dropped on Tuesday by Wang, who bought AMC Entertainment Holdings Inc. in 2012, was that he was looking
at cinema
assets in Europe but
prices are too
high right now.
Toronto - Dominion Bank sees as many as 90,000 jobs lost by the end of the decade from the move and Eric Lascelles, chief economist
at RBC Global
Asset Management, says
higher minimum wages across Canada could boost consumer
prices by 0.5 percent over two years.
But,
at the same time, more debt and
higher asset prices may create vulnerabilities in the financial system.
While I generally consider this advice to be wise, especially for inexperienced investors who should probably opt for something like an index fund, working with a qualified advisor or, if they are wealthy enough, an
asset management group, the problem comes from the fact that if you find a truly outstanding business — one that you have conviction will continue to compound for decades
at rates many times that of the general market, even a
high price can be a bargain.
The problem is that record -
high valuations
at the peak usually create a mania in the market, pushing
asset prices even
higher.
With market volatility hitting multi-decade lows, junk bond yields also
at record lows, the median
price / revenue ratio of S&P 500 constituents
at a record
high well - beyond 2000 levels, and the most strenuously overvalued, overbought, overbullish syndromes we define, I'm increasingly concerned about the potential for an abrupt «air pocket» in the
prices of risky
assets that could attend even a modest upward shift in risk premiums.
Mark Vaselkiv, portfolio manager
at T. Rowe
Price, noted that «Einstein said there were three great forces of nature: gravity, electro magnetism, and compounded interest...
high yield is an
asset class that ultimately capitalizes on the latter.
If you had chosen «Call» and the
price of the
asset is
higher than the strike
price,
at the end of the contract period, you win the trade.
At the same time,
higher asset prices can create a «wealth effect,» which can also boost spending and confidence.
Ride - sharing services such as Uber Technologies Inc. and Lyft Inc., and the advent of electric vehicles and driverless cars, are poised to chip away
at the
higher prices that real estate around subways and bus stops has earned, according to a report from MetLife Inc.'s
asset - management business released Tuesday.
Since the fundamental value of an
asset in a financial market is an aggregation of the stochastic stream of future dividends, trading
at prices higher than the fundamental value is only profitable when there is a widespread belief that other traders will continue to buy
at prices even further away from fundamental values.
Shares are bought and sold
at market
price, which may be
higher or lower than the net
asset value (NAV).
ETF shares are bought and sold
at market
price, which may be
higher or lower than the net
asset value (NAV).
In finance, a pump and dump is a form of fraud that involves artificially inflating the
price of an
asset through misleading sentiment in order to sell it
at a
higher price in the near future.
«In our search for new stand - alone businesses, the key qualities we seek are durable competitive strengths; able and
high - grade management; good returns on the net tangible
assets required to operate the business; opportunities for internal growth
at attractive returns; and, finally, a sensible purchase
price.
At a base level, Double Up should only be used during times when the
price of your chosen
asset is clearly trending in the predicted direction,
higher or lower (as forecast) than the entry
price.
Shares of closed - end funds trade
at their market
price, which may be
higher or lower than a fund's net
asset value (NAV) per share.
Therefore, whenever you sell an
asset at a
price higher than its purchase
price, you realise a capital gain.
«[Crypto values] went too
high, too fast...
at the time I urged caution, saying an
asset that goes almost vertically up should typically raise alarm bells for investors... Arguable, even before the frenzied peak in December, when the
price of one Bitcoin reached an all time
high of more than $ 19,000, the market was beginning to become frothy and overheated.»
They emerged as the industry consolidators, using
high levels of gearing to pay mind boggling
prices for
assets (in 2007, APN was the target of a bid by a private equity consortium that was blocked by a shareholder vote
at $ 6.20 per share, a decision which cost them a lot.
Last month the European Central Bank vice president said Bitcoin was a «speculative
asset» where investors were «taking that risk of buying
at such
high prices».
The insatiable search for yield has driven many income
assets to
high valuations, but dividend growers are still attractively
priced at 13.4 times forward earnings, our analysis shows.
The fall in oil
prices that culminated in big declines for stocks, emerging market
assets and
high yield bonds
at the beginning of this year is the most recent manifestation of this linkage.
In the case of the binary trading, except
high or low options, the strike
prices are set by the broker and even if you have a fair idea on how an underlying
asset will behave, you can not place an order to be executed
at certain
price points.
If you have identical items — say avocados... or Bitcoin — and it fetches a
higher price in one place than another; people will simply buy and sell these
assets at the same time, to profit from the difference.
Here's the thing about Biyombo: he's not a «
high level
asset» — especially
at the
price tag he's gonna command.
Many will be selling
assets to buy food and essential supplies
at ever -
higher prices.
The study found that Bitcoin
prices affect Ripple, with a spillover of 28.37 %, and Litecoin (42.3 %), while the
highest spillover from a cryptocurrency to a «traditional»
asset was Bitcoin to Forex (FX),
at 15.25 %.
With
asset prices so
high, and considering that we're almost 9 years into one of the longest bull markets in U.S. history, investors
at this point need to have a plan for what they will do if
asset prices should fall.
The fall in oil
prices that culminated in big declines for stocks, emerging market
assets and
high yield bonds
at the beginning of this year is the most recent manifestation of this linkage.
If market participants anticipate an increase in the
price of an underlying
asset in the future, they could potentially gain by purchasing the
asset in a futures contract and selling it later
at a
higher price on the spot market or profiting from the favorable
price difference through cash settlement.
This is an analysis metric that compares a company's share
price with its «book value» — essentially, its
assets minus its liabilities — and, as you can see, it is now significantly
higher than it was
at the peak of the dotcom bubble in early 2000.
At that time,
asset prices are so
high that the
asset must make gains over the next ten years in order to cover the capital cost of the investment.
Note:
at the same time, that don't need to make money, and have financial flexibility, don't care to invest, because
asset prices are too
high compared to the cash flows that they are likely to throw off.
At that point, everyone should have dumped the banks, but few did; leverage was too
high, and
asset prices were falling.
The insatiable search for yield has driven many income
assets to
high valuations, but dividend growers are still attractively
priced at 13.4 times forward earnings, our analysis shows.
Mebane Faber, chief investment officer
at Cambria Investment Management in El Segundo, Calif., with $ 400 million in
assets, says that the cyclically adjusted
price / earnings ratio is
higher in the U.S. than in 52 of 54 foreign stock markets.
It also has a wick
at either end of the candle which represents the
highest and lowest
prices that the
asset was traded
at for during the time period of the candle.
«Birchcliff was able to buy
high - quality
assets at a distressed
price, and
at the same time, deleverage its balance sheet,» he said, adding that the company could be debt free in the next three to four years.
The problem is that robos tend to include more «esoteric» funds, ones that not only trade with a larger spread between bid and ask
prices (translation:
higher cost to you), but also trade
at a discount or premium to the underlying
assets in the ETF (translation:
higher costs to you if the manager buys
at a premium or sells
at a discount to
asset value).
But not - so - easy point to get is that businesses with enduring moats are more attractive as investments than those which don't have enduring moats even
at relatively
higher prices in relation to
assets, recent earnings and cash flows.
As such, crises are easy to understand, because people imitate «the success» of others, not realizing that an
asset bought
at a lower
price might be good, but the same
asset bought
at a
higher price might be bad.