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.
American
companies also have relatively little
exposure to European
economic weakness.
In such situations, we are finding
companies we regard as extremely well run, growing at a fast pace, and providing
exposure to key themes such as
economic growth, demographic changes, and local consumer trends.
Investors in Vanguard S&P 500 ETF are getting
exposure to 500 of the biggest and most successful businesses of our time, and chances are that these
companies as a group will continue producing growing earnings and cash flows for investors over the coming decades, no matter how tough the
economic environment in the short term.
Included in such funds are the kinds of
companies I discussed in an article about stocks Warren Buffett might buy; stocks with wide moats, strong financial positions, and product lines that sell just as well in recession as they do in periods of strong
economic growth.A low volatility ETF is an easy way
to get
exposure to stock - like returns without the crazy up and downs.
By adopting a global perspective, investors gain access
to a larger pool of potentially great
companies, more direct
exposure to economic growth potential outside the U.S., the potential for
exposure to less - covered (and therefore potentially more undervalued)
companies, and the demonstrable diversification effects created by currency
exposure (as well as the natural gives and takes of
economic activity around the globe).
Adopting the discipline of rebalancing bond
exposures toward fundamental weights, which are linked
to the
economic size of the underlying issuing
companies rather than
to the amount of debt they have issued, achieves the dual objective of: 1) tilting holdings toward
companies with better debt servicing and higher credit ratings; and 2) taking advantage of mean reversion in securities prices over time.
And so, accordingly, it tends
to attract pretty dissimilar investor constituencies, who may only focus on: i) a handful of the largest caps, regardless of valuation &
exposure, ii) stocks which (may) offer cheap / alternative access
to overseas growth (a surprisingly large number of Irish
companies are UK / Europe / globally focused), iii) stocks offering domestic
exposure (notably,
economic pure - plays are actually pretty rare), iv) a listed commercial & residential property sector that's only emerged in the past couple of years, and finally (& perhaps most notoriously) v) a (junior) resource stock sector that's been decimated in the last few years.
However, insurance
companies also offer the same
exposure to every
economic nook & cranny, minus the obscene leverage!
Risks and uncertainties include but are not limited
to, general industry conditions and competition; general
economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the
company's ability
to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the
company's patents and other protections for innovative products; and the
exposure to litigation, including patent litigation, and / or regulatory actions.
His role will be
to get
companies to reveal more information about their
exposure to extreme weather impacts, climate lawsuits and a clean
economic shift.
For fossil fuel
companies, disclosure of Scope 1 and 2 emissions does not provide the market with a useful indication of their
exposure or adaptation
to particular climate - related financial risks as the primary risks are
to the
economic viability of existing reserves and future development projects that might add
to that reserve base.
As part of her extensive multinational practice, Giovanna also handles transfer pricing matters for Fortune 50
companies and foreign - owned clients, working closely with
economic experts in tax planning
to establish cost sharing and related party licensing arrangements; assess multijurisdictional transfer pricing
exposure; comply with FIN 48 and return documentation requirements; and develop audit, litigation, advance pricing agreement and authority strategies.
We have successfully defended many of the world's largest
companies in cases involving catastrophic bodily injury, property damage or
economic loss allegedly caused by defective products and devices or
exposure to toxic substances.
For our clients based in Cleveland, Ohio, we serve as a conduit into the city's dominant
economic industries, providing
companies with
exposure to top executive candidates in highly specialized sectors like diversified manufacturing, rail, real estate, engineering, information technology, science, and research.