Sentences with phrase «current valuations do»

and where value is being added where current valuations don't reflect it.

This is very important to me as an investor in European equities because current valuations do not appear to take into account any earnings improvements among those European companies that have large exposures within Europe.

Given the likelihood of lower returns on capital in future, the current valuation does not offer a sufficient margin of safety.

Given the likelihood of lower returns on capital in future, the current valuation does not offer a sufficient margin of safety.

And since last year's rally, an impressive 6 % + dividend yield's now a far more pedestrian 3.8 % — of course, the current valuation doesn't look too cheap either, in light of historic financials.

Not exact matches

If Mr. Musk were somehow to increase the value of Tesla to $ 650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $ 55 billion (assuming the company does not issue any more shares over the next decade, which is unrealistic).

«The current equity market valuation is certainly stretched in historical terms but it does not appear unreasonable based on the high level of corporate profitability,» he said.

In the current system, certain publications often «get stuck» with overly inflated valuations and it is often difficult to effectively criticize such publications because there does not exist an equivalent venue for informed criticism on par with Science and Nature.

And if recent peak earnings don't represent the true current earnings power of the index, the price to earnings figures may be overstating the attractiveness of their valuations.

So when we include estimated foreign GVA, we don't get to just reduce current valuation multiples by one - third and leave the valuations of prior years unchanged.

Equities are essentially 50 - year duration investments at current valuations, and even if investors are passive and don't hold any view about future market returns at all, one of the basic principles of financial planning is to align the duration of ones assets with the expected horizon over which the funds are expected to be spent.

3) The Hussman Strategic Growth Fund has gradually shifted from smaller to larger capitalization holdings in recent years, not out of any necessity due to Fund size (at the Fund's current asset level, we could easily populate the Fund with mid-caps if it was optimal to do so), but precisely because large stocks generally carry the best relative valuations.

Just don't pay attention to those that make the claim that they know for sure exactly where the current valuations will take the markets.

All rich valuations do is provide a window of opportunity for current holders to obtain a wealth transfer from buyers, but the only way to realize that is by selling.

I don't see any company wanting to give CALD much of a premium to its current valuation, but acquisitions are not always rational, so I can't rule out the possibility.

Depressed valuations don't equate to lower wealth; they just mean that sellers are probably giving up too much future purchasing power in order to obtain current purchasing power.

The main points here are that QE has encouraged the dramatic overvaluation of virtually every class of investments; that these elevated valuations don't represent «wealth» (which is embodied in the future stream of deliverable cash flows, not in the current price); that extreme valuations promise dismal future outcomes for investors over a 10 - 12 year horizon; and that until a clear improvement in market internals conveys a resumption of speculative risk - seeking by investors, the current combination of extreme valuations and increasing risk - aversion, coming off of an extended top formation after persistent «overvalued, overbought, overbullish» extremes, represents the singularly most negative return / risk classification we identify.

While the marginal production cost issue undoubtedly makes the current extreme in the gold / XAU ratio less compelling than it might appear otherwise, we do believe that precious metals shares are quite depressed in valuation terms.

But don't imagine for a moment that current valuation extremes will end in something other than tragedy unless investors shift back from risk - aversion to a fresh round of speculation (which we would infer from market internals).

As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.

My friends in the industry say this is a ludicrous oversimplification for a number of reasons including (1) Kenney's valuation is based on what he called the «current global market value» ($ 60 / barrel) which doesn't apply to bitumen, (2) he hasn't included the cost of extraction or the fact producers would never dump that much oil onto the market at once and (3) Albertans only get royalties, not the entire amount.

No doubt SE looks like a compelling stock with a great current yield but it does look a bit expensive based on current valuations.

Yet these earnings and revenue figures don't really support the current equity market valuation for JPM — especially compared with more conservative names such as WFC or USB.

We know what the market's current valuation is, but we don't know what its terminal valuation will be.

The economic fundamentals of this asset just do not support current depressed valuations.

The man does make a point when it comes to current player valuations but he never does enough when he needs to.

According to Onda Cero, a Spanish radio station, it's claimed that Liverpool don't want to sell their most prized asset, but if Barcelona are willing to go above their current # 118m bid and meet their valuation of Coutinho, then they may well consider it.

I also think Berkshire Hathaway is attractive at current valuations, but I don't like the Class B shares because I believe they give less voting privileges per dollar invested (correct me if I'm wrong).

The Street, based on current valuation, does not believe Juniper can hit this target.

Differing from value investing, Fisher's philosophy is known as growth investing, which does not care so much about the specific valuation of a stock but rather looks to identify strong businesses that try to outperform their current valuations, even though they might not be considered «value» buys.

It's a coercive way of doing an equity or debt offering, and requires a significant discount to current financing valuations.

More importantly, however, investors should recognize that the presence or absence of immediate economic pressures does nothing to change the likelihood that stocks, from their current valuations, will achieve negligible returns in the coming 5 - 7 years.

Given what his price / peak earnings tells him about the market's current valuation (stomach - churningly high) and his perception that several of the supporting investment elements that have so far made valuations irrelevant are starting to break down, what's he doing with the portfolios in his care?

[Jeff] This is a reasonable choice, but I do not see the explosive upside from current valuations.

However, it turns out to be a little more complicated than that because companies do not share the same valuation, meaning that some companies allow you to buy more future profits than others when you take into account the current price of the stock in question.

A true fair value is; take the current valuation of the company [This can be difficult if it is small and does not maintain proper records].

The dividends do not depend on the current valuation.

Because they don't notice that brilliant past returns are a consequence of sky - high current valuations and may easily mistake those returns for structural alpha.

Shannon: Do you think that valuation using value investing principles is more challenging today with the current market structure?

That will affect future returns, as does the current high valuations, low interest rates, and excess capacity.

Based on its current valuation, the market seems to think FlexiGroup can do no wrong.

While the marginal production cost issue undoubtedly makes the current extreme in the gold / XAU ratio less compelling than it might appear otherwise, we do believe that precious metals shares are quite depressed in valuation terms.

My question is that if my current RRSP holds a combination of securities and cash — the securities are often changing in value daily — do I have to liquidate the securities or is there a Valuation Date (1st day of the year I turn 72) as the value of all of my investments for the purpose of calculating the mandatory annual withdrawal.

It is unmistakably true that the 9 - year - long bull market has pulled stock prices up nearly across the board, often resulting in valuations that don't seem to offer much upside from current prices.

While it's indeed important to remember that no valuation measure is near perfect (I stress that in my initial table), I do believe that the Shiller P / E is a reasonable method, an unbiased method (it's been 15 + years since it was created so nobody cherry picked it to fit the current period), and a method that is decidedly not «broken» based on today's inputs.

My Dragon valuation (see notes / calculations in the Excel file) is close to the current market price, so I didn't comment further on it.

Much as I like Twitter as a service, I don't see how it grows into its current valuation.

Now, the company's current P&L and cash flows clearly don't deserve a premium valuation.

If you were 100 per cent in equities, that's not really a balanced portfolio, and given current valuations, I'd see this morning's flat market opening as an opportunity to take off a bit of equity risk: far better to do so when markets are up or flat than when they are plummeting, which is evidently the fear everywhere in the world except — ironically — in the United States itself.

However, future growth does not necessarily need to equal past growth, and most importantly, current valuation should be given a higher weighting based on forecast growth than on historical growth.