Percent of net assets figures represent the Fund's exposure based on
the economic value of securities adjusted for futures, options, swaps and convertible bonds.
Percent of net assets figures represent the Fund's exposure based on
the economic value of securities adjusted for futures, options, swaps and convertible bonds.
In addition, because recalling a security may involve expenses to the fund, it is expected that the fund will do so only where the items being voted upon are, in the judgment of the investment adviser, either material to
the economic value of the security or threaten to materially impact the issuer's corporate governance policies or structure.
Not exact matches
Actual results and the timing
of events could differ materially from those anticipated in the forward - looking statements due to these risks and uncertainties as well as other factors, which include, without limitation: the uncertain timing
of, and risks relating to, the executive search process; risks related to the potential failure
of eptinezumab to demonstrate safety and efficacy in clinical testing; Alder's ability to conduct clinical trials and studies
of eptinezumab sufficient to achieve a positive completion; the availability
of data at the expected times; the clinical, therapeutic and commercial
value of eptinezumab; risks and uncertainties related to regulatory application, review and approval processes and Alder's compliance with applicable legal and regulatory requirements; risks and uncertainties relating to the manufacture
of eptinezumab; Alder's ability to obtain and protect intellectual property rights, and operate without infringing on the intellectual property rights
of others; the uncertain timing and level
of expenses associated with Alder's development and commercialization activities; the sufficiency
of Alder's capital and other resources; market competition; changes in
economic and business conditions; and other factors discussed under the caption «Risk Factors» in Alder's Annual Report on Form 10 - K for the fiscal year ended December 31, 2017, which was filed with the
Securities and Exchange Commission (SEC) on February 26, 2018, and is available on the SEC's website at www.sec.gov.
Actual results, including with respect to our targets and prospects, could differ materially due to a number
of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the
economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up
of production
of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception
of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall
of our products; ongoing uncertainty in global
economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability
of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration
of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers
of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits
of the transaction; the risk that retail customers may alter promotional pricing, increase promotion
of a competitor's products over our products or reduce their inventory levels, all
of which could negatively affect product demand; the risk that our investments may experience periods
of significant stock price volatility causing us to recognize fair
value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity
of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization
of products under development, such as our pipeline
of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development
of new technology and competing products that may impair demand or render our products obsolete; the potential lack
of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the
Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
The Congressional Budget Office defines asset bubbles as: «An
economic development in which the price
of a class
of physical or financial assets (such as houses or
securities) rises to a level that appears to be unsustainable and well above the assets»
value as determined by
economic fundamentals.
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 economi
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 economi
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.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss
of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts
of the Company's international operations; the Company's ability to leverage its brand
value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment
of the carrying
value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution
of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the United States and in various other nations in which we operate; the volatility
of capital markets; increased pension, labor and people - related expenses; volatility in the market
value of all or a portion
of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's ability to protect intellectual property rights; impacts
of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact
of future sales
of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements
of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment
of the carrying
value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations
of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the nations in which the Company operates; the volatility
of capital markets; increased pension, labor and people - related expenses; volatility in the market
value of all or a portion
of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's inability to protect intellectual property rights; impacts
of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
Changes in the financial condition
of an issuer or counterparty, changes in specific
economic or political conditions that affect a particular type
of issuer, and changes in general
economic or political conditions can increase the risk
of default by an issuer or counterparty, which can affect a
security's or instrument's credit quality or
value.
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.
Second, concerns about China's political culture /
values (especially human rights) and
security issues seem to be less
of a factor in shaping public hesitancy around a free trade agreement when compared to certain
economic considerations.
Securities backed by commercial real estate assets are subject to securities market risks similar to those of direct ownership of commercial real estate loans including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic c
Securities backed by commercial real estate assets are subject to
securities market risks similar to those of direct ownership of commercial real estate loans including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic c
securities market risks similar to those
of direct ownership
of commercial real estate loans including, but not limited to, declines in the
value of real estate, declines in rental or occupancy rates and risks related to general and local
economic conditions.
Equity
securities may fluctuate in
value in response to the activities
of individual companies and general market and
economic conditions.
Political, social or
economic disruptions in the region, even in countries in which the fund is not invested, may adversely affect the
value of securities held by the fund.
Allocations may not total 100 %
of net assets because the table includes the notional
value of derivatives (the
economic value for purposes
of calculating periodic payment obligations), in addition to the market
value of securities.
The International Information fundamentally represents the dominance and penetration
of the technocratic culture into the life
of the peoples in the third World, either in the form
of science and technology transfer, or in the form
of economic development and coqercial advertisement, or in terms
of the inculcation
of military
values such as national
security doctrine and peace propagenda.
Sarna is especially incisive when he discusses Jewish indebtedness and identification with American
values, together with his anxiety about Jewish
security and survival in North America, pride in the existence and achievements
of the state
of Israel, and satisfaction at its
economic Westernization.
Wednesday Questions — Implementation
of the recommendations from the farming regulation task force report; harmonising British time with that
of the UK's main European trading partners; health
of carers Legislation — Justice and
security bill Debate — The
economic viability,
value for money and benefit - cost ratio
of the high speed 2 London to Birmingham and London to Leeds and Manchester lines
Ecotourism is one
of this county's most important assets, as is local agriculture, which must be supported and maintained for its
economic value, food
security and the beautiful landscapes area farms contribute.
Space limits an extended discussion here, but we note two conclusions from a 2012 article by
Economic Policy Institute researcher Monique Morrissey, who explains that «the logical implication
of Richwine and Biggs's [pension] position is that public employers and taxpayers would be indifferent between current pension funding practices and investing in Treasury
securities, even though this would triple the cost
of pension benefits» and that R & B «selectively alternate between the cost
of benefits to employers and the
value to workers, and inappropriately equate the latter with the often much higher cost to individuals
of obtaining equivalent benefits.»
Investors should be aware
of risks involved with investing REITs and real estate
securities, such as declines in the
value of real estate and increased susceptibility to adverse
economic or regulatory developments.
Long - term the global
securities markets tend to reflect the
value of the global
economic development and growth that underlies the markets.
Investors should be aware
of the risks involved with investing in a fund concentrating in REITs and real estate
securities, such as declines in the
value of real estate and increased susceptibility to adverse
economic or regulatory developments.
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 invests.
Broad Run may abstain from voting a proxy when the effect on the
economic interests
of investors in the Focus Fund or the
value of the Focus Fund's portfolio holding is indeterminable or insignificant; or when the cost
of voting the proxies outweighs the benefits, e.g., when voting certain non-U.S.
securities.
Fundamental analysis attempts to analyze price information under the
economic forces by assessing the «fair
value»
of a currency or
security in prevailing market conditions.
All forms
of securities may decline in
value due to factors affecting
securities markets generally, such as real or perceived adverse
economic, political, or regulatory conditions, inflation, changes in interest or currency rates or adverse investor sentiment.
Investments in stocks and bonds are subject to risk
of economic, political, and issuer - specific events that cause the
value of these
securities to fluctuate.
The proportion
of the Allocation Fund's portfolio invested in each asset class will vary from time to time based on the Manager's assessment
of relative fundamental
values of securities and other investments in the class, the attractiveness
of the investment opportunities within each asset class, general market and
economic conditions, and expected future returns
of investments.
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 market
value of these
securities is more sensitive to corporate developments and
economic conditions and can be volatile.
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.
The market
value of below investment - grade
securities is more sensitive to individual corporate developments and
economic changes than higher rated
securities.
See the Investor Handbook for more information on Franklin Templeton 529 College Savings Plan, including sales charges, expenses, general risks
of the Plan, general investment risks and specific risks
of investing in Plan portfolios, which can include risks
of convertible
securities; country, sector, region or industry focus; credit; derivative
securities; foreign
securities, including currency exchange rates, political and
economic developments, trading practices, availability
of information, limited markets and heightened risk in emerging markets; growth or
value style investing; income; interest rate; lower - rated and unrated
securities; mortgage
securities and asset - backed
securities; restructuring and distressed companies;
securities lending; smaller and midsize companies; credit linked
securities, life settlement investments, and stocks.
In addition, a liquid secondary market for particular options, whether traded over-the-counter or on an exchange, may be absent for reasons which include the following: there may be insufficient trading interest in certain options; restrictions may be imposed by an exchange on opening transactions or closing transactions or both; trading halts, suspensions or other restrictions may be imposed with respect to particular classes or series
of options or underlying
securities or currencies; unusual or unforeseen circumstances may interrupt normal operations on an exchange; the facilities
of an exchange or the Options Clearing Corporation may not at all times be adequate to handle current trading
value; or one or more exchanges could, for
economic or other reasons, decide or be compelled at some future date to discontinue the trading
of options (or a particular class or series
of options), in which event the secondary market on that exchange (or in that class or series
of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result
of trades on that exchange would continue to be exercisable in accordance with their terms.
A change in the Federal Reserve's monetary policy (or that
of other central banks) or improving
economic conditions, among other things, may lead to an increase in interest rates, which could significantly impact the
value of debt
securities in which the fund invests.
Market risk is typically the result
of a negative
economic condition that affects the
value of an entire class
of securities, such as stocks or bonds.
However, remarkable emphasis is put on the «particular
values of the legal order
of the Member State» to judge whether a «threat to the calm and physical
security of the population» is at stake (para 29); this can be contrasted with the
economic and social danger for society at large referred to in Tsakouridis.
There was a lot
of interesting interaction about Big Challenges —
economic crisis, environmental crisis, peace and
security crises, development, cyber and digital challenges, Arab Spring, innovation, the need for
values, and the rise
of African and Asia.
IT Specialist II — State
of Arizona, Dept.
of Economic Security, Phoenix, AZ 2001 — 2005 Provided coding and testing for complex SQL 2000 stored procedures, views, and triggers for business applications that included parameters, generation
of server unique object identification numbers (OIDs), and calculated
values.
Investing in real estate
securities involves special risks, such as declines in the
value of real estate and increased susceptibility to adverse
economic or regulatory developments affecting the sector.
• We believe that homeownership serves as a cornerstone
of our democratic system
of government and deserves a preferred place in our system
of values as it contributes to community responsibility, civic,
economic, business and employment stability, family
security and well - being.
You will benefit from our uncompromising intent to deliver, not only quality living for tenants, but financial
security,
economic value, and lasting peace
of mind as well.