In that case, an asset - sensitive entity's
economic value of equity increases when prevailing rates rise or declines when prevailing rates fall.
Not exact matches
The performance goals upon which the payment or vesting
of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more
of the following Performance Measures: market price
of Capital Stock, earnings per share
of Capital Stock, income, net income or profit (before or after taxes),
economic profit, operating income, operating margin, profit margin, gross margins, return on
equity or stockholder
equity, total shareholder return, market capitalization, enterprise
value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested
While that was seen as a sign
of health
of Europe's
economic recovery and signaled growing foreign investor appetite for the region's
equities, it curbed the
value of overseas earnings and hurt competitiveness.
Risk associated with
equity investing include stock
values which may fluctuate in response to the activities
of individual companies and general market and
economic conditions.
In addition to normal risks associated with
equity investing, international investing may involve risk
of capital loss from unfavorable fluctuations in currency
values, from differences in generally accepted accounting principles, and from adverse political, social and
economic instability in other nations.
Assuming that the total amount
of bad debt in the banking system exceeds total bank capital — something which is almost certainly true — the conversion
of debt which can not be serviced into an
equity position that is unlikely to generate much more (and in an
economic downturn, which is when we are most concerned about the debt burden, we can assume that the decline in
value of these
equity positions will be highly correlated) leaves the net indebtedness
of the banking system unchanged, and so the contingent liabilities
of the government are unchanged even as reported debt in the system declines.
Given the absence
of a public trading market
of our common stock, and in accordance with the American Institute
of Certified Public Accountants Accounting and Valuation Guide, Valuation
of Privately - Held Company
Equity Securities Issued as Compensation, our board
of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate
of fair
value of our common stock, including independent third - party valuations
of our common stock; the prices at which we sold shares
of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges
of our convertible preferred stock relative to those
of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack
of marketability
of our common stock; the hiring
of key personnel and the experience
of our management; the introduction
of new products; our stage
of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood
of achieving a liquidity event, such as an initial public offering or a sale
of our company given the prevailing market conditions and the nature and history
of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall
economic indicators, including gross domestic product, employment, inflation and interest rates, and the general
economic outlook.
In turn, the buyer receives a share
of ownership, and the company gets cash to grow his business or to pay off debt,
Equity securities generally pay off steady dividends, to the buyer, but do fluctuate in their market
value depending on the ups and downs
of the market and the
economic situation.
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 Faces.
The bottom line: In today's
economic environment, I would still favor stocks over other assets, but I would focus on pockets
of value within the stock market, including Asian
equities and large, integrated oil companies.
Rather, the current
economic downturn is likely to focus its damage on asset prices - the U.S. dollar, home
values, low and mid-quality debt, and
equity prices (largely through the combination
of narrowing profit margins and lower valuations).
Equity securities may fluctuate in
value in response to the activities
of individual companies and general market and
economic conditions.
Looking at the historical performance
of the MSCI World
Value and Growth Indexes, value has lagged growth in recent years but has tended to recover strongly in the aftermath of past periods of sustained weakness.1 We expect the eventual normalization of economic and policy trends to be supportive of value - oriented equities after this pronounced period of underperform
Value and Growth Indexes,
value has lagged growth in recent years but has tended to recover strongly in the aftermath of past periods of sustained weakness.1 We expect the eventual normalization of economic and policy trends to be supportive of value - oriented equities after this pronounced period of underperform
value has lagged growth in recent years but has tended to recover strongly in the aftermath
of past periods
of sustained weakness.1 We expect the eventual normalization
of economic and policy trends to be supportive
of value - oriented equities after this pronounced period of underperform
value - oriented
equities after this pronounced period
of underperformance.
Without exaggerating its influence, we can say that this ministry is one reason the U.S. has a mixed
economic system that acknowledges the
value of equity as well as efficiency, and a business establishment that acknowledges its responsibility to society as well as to its shareholders.
Further, industry and global institutions must appreciate that ensuring
economic justice,
equity and ecological integrity are
of greater
value than profits at any cost.
The performance
of growth and
value equity styles tends to be oriented toward the
economic cycle, making it possible to overweight a portfolio in favor
of one style depending on
economic conditions and outlook.
In other words, it has an
economic value that includes the
equity capital and debt capital
of the enterprise.
Looking at the historical performance
of the MSCI World
Value and Growth Indexes, value has lagged growth in recent years but has tended to recover strongly in the aftermath of past periods of sustained weakness.1 We expect the eventual normalization of economic and policy trends to be supportive of value - oriented equities after this pronounced period of underperform
Value and Growth Indexes,
value has lagged growth in recent years but has tended to recover strongly in the aftermath of past periods of sustained weakness.1 We expect the eventual normalization of economic and policy trends to be supportive of value - oriented equities after this pronounced period of underperform
value has lagged growth in recent years but has tended to recover strongly in the aftermath
of past periods
of sustained weakness.1 We expect the eventual normalization
of economic and policy trends to be supportive
of value - oriented equities after this pronounced period of underperform
value - oriented
equities after this pronounced period
of underperformance.
How the concept
of cashing out home
equity and repaying reverse mortgage loans within current
economic conditions and falling home
values can continue working is questionable at best.
Equity risk is the risk that the value of the equity securities, of U.S. or non-U.S. issuers, held by the Fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund in
Equity risk is the risk that the
value of the
equity securities, of U.S. or non-U.S. issuers, held by the Fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund in
equity securities,
of U.S. or non-U.S. issuers, held by the Fund will fall due to general market and
economic conditions, perceptions regarding the industries in which the issuers
of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests.
London Company will act in a prudent and diligent manner intended to enhance the
economic value of the assets
of the
Equity and Income Fund's account and will give substantial weight to the recommendation
of management on any issue.
Home
equity lines
of credit especially are poised to grow now that home
values have been rising for a number
of years during the
economic recovery, they say.
The proportion
of asset
value in the
equities asset class rose about 5 percentage points, as the business /
economic cycle and securities market cycle advanced and matured.
The
value of equity securities varies in response to many factors, including the activities and financial condition
of individual companies, the business market in which individual companies compete and general market and
economic conditions.
Risk associated with
equity investing includes stock
values which may fluctuate in response to the activities
of individual companies and general market and
economic conditions.
REIT funds may be subject to other risks including, but not limited to, changes in real estate
values or
economic conditions, credit risk and interest rate fluctuations and changes in the
value of the underlying property owned by the trust and defaults by borrowers.In addition to normal risks associated with
equity investing, international investing may involve risk
of capital loss from unfavorable fluctuations in currency
values, from differences in generally accepted accounting principles, and from adverse political, social and
economic instability in other nations.
I think this emerging form
of emissions accounting provides a valuable way to show how the growing coal (and natural gas) greenhouse - gas emissions commitment will play out, but — because
of the competing social and
economic values embedded in that extracted energy, along with the
equity argument poor countries use against established fossil - powered industrial giants — I'm not sure it leads to a more effective strategy for cutting those emissions.
Dagoba chose to work with the Rainforest Alliance because
of shared
values in environmental protection, social
equity and
economic viability for a better planet.
Many decision makers, particularly in the United States and Canada, have the financial, human and institutional capacity to invest in resilience, yet a trend
of rising losses from extremes has been evident across the continent (Figure 26 - 2), largely due to socio -
economic factors, including a growing population,
equity issues and increased property
value in areas
of high exposure.
Digital networks can be designed to accommodate different social and
economic purposes and the
value of the assets and currencies that they issue and exchange are dependent upon the trust and
equity that is built up in those networks.
If the network is very well designed, secure, trustworthy and effectively realizes some social and
economic purpose, then its
equity value will increase and so will the
value of its digital assets and currencies.
Value declines could crimp
economic growth as homeowners are unable to tap home
equity lines
of credit.
Looking at a broad swath
of history, I see three major forces that can make financial systems safer: people being scared by recent events, solid
economic growth and reduced debt in comparison to the
value of equity.