While I'm happy to get a nice payout and for VOD to realize the full value of this asset on the books, I also believe that shareholders are getting a nice payout today
for less growth in the future.
Essentially, that means we are paying more
for less growth.
Not exact matches
Driving more than half the
growth in drug spending in 2015 were sales of new branded medications that have been available
for less than two years.
Economies are not expanding fast enough
for them to raise interest rates, but the longer rates stay low, the
less impact they'll have on
growth.
Unlike Grantham, Shilling believes that low global
growth will continue to keep pressure on the price of oil, especially when Saudi Arabia, the world's most influential producer, can continue to pump up oil
for less than $ 10 a barrel.
For example, if you are a business located only in the UK, you are limiting yourself to less than 1 % of the world's population, which isn't really an ambitious plan for grow
For example, if you are a business located only in the UK, you are limiting yourself to
less than 1 % of the world's population, which isn't really an ambitious plan
for grow
for growth.
With U.S. consumers upgrading their smartphones
less often, manufacturers have been relying on China
for growth.
Knowing how to do more with
less was a significant factor in enabling these firms to continue to post record
growth as the economy took a turn
for the worse.
China «s official unemployment rate has been around 4 %
for years, despite the rapid slowdown in the economy from double - digit
growth to quarter - century lows last year of
less than 7 %.
But she also stresses creating the environment
for long - term economic
growth, which is why a significant increase to the capital - gains tax
for investments
less than six years in duration is at the center of her plan.
The collapse of oil prices wiped out profits and killed the incentive to expand in the oil patch, and economic
growth of
less than 2 % offers little incentive
for non-energy companies to expand.
Nevertheless,
less than two weeks after Schroeder outlined how Tim Hortons would pursue new avenues
for growth, he was gone.
Even prior to the Trump win, a victory that signaled higher economic
growth, rising interest rates, and likely
less regulation, all good
for financial services, Buffett had secured paper profits over 5 1/2 years of $ 6.9 billion on his preferred.
It put out a clarification statement after the report, giving two clues about the number: that daily users make up
less than 50 percent of monthly users, and that there's a lot of room
for growth.
For many companies, that work seems
less rewarding than doing the stuff that actually might drive hockey stick
growth.
The compound annual
growth rate
for beer overall was
less than 1 % between 2010 and 2016, but low and no beers provided a glimmer of hope at 5.2 %, according to insights firm GlobalData.
«The U.S. should not settle
for anything
less than 4 percent
growth a year,» Bush said.
It's the sort of rapid gearshift that few companies ever experience, much
less master: over the course of about five years, FouFou Dog (FFD), a Markham, Ont. - based dog apparel firm, has seen its revenue grow by more than 800 % — a steep
growth trajectory matched by the company's shift from providing very specialized boutique goods, like jewelry and booties
for small dogs, and to a far wider range of products suitable
for mass merchandisers and large offshore customers.
He says the actions of central banks «attempting to spark economic
growth» are «severely punishing the world's savers and creating incentives to reach
for yield, pushing investors into
less liquid asset classes and increased levels of risk, with potentially dangerous financial and economic consequences.»
At the time, it was
less common
for a woman to take the reins of a company, but Marshall stepped up and has since led the company to impressive
growth.
If the tablet is the new laptop, the blurred line between it and the phone matters
less, and there may be room
for growth at the other end — certainly from a productivity standpoint.
Now, the bad: iPhone sales grew
less than 1 % over the same quarter a year earlier, the slowest year - over-year
growth for the device ever.
Going from four employees to 250 in
less than seven years is the type of
growth most entrepreneurs would envy, but it was a management abyss
for Assurex Health.
From 1997 through 2001, the median
growth rate
for companies that had
less than $ 1,000 in seed capital was 846 %, compared with 953 %
for companies that were started with more than $ 100,000.
This makes sense; lower
growth should result in bond yields falling, anticipating lower Bank of Canada rates in the future and
less need
for a risk premium around inflation.
In order to access younger companies with the potential
for rapid
growth, investors will need to embrace alternatives, particularly private strategies that operate in
less - efficient markets with more opportunities to generate alpha.
They may have big dreams
for their stake in the company, but they are
less likely to demand
growth on a quarterly basis the way shareholders in a widely - held company are likely to do.
The
less distorted (and
less followed) year - over-year
growth rates
for output, personal income and consumption were meanwhile showing sluggish readings.
In the base year used in the five - year
growth calculation (e.g., 2012), any companies with revenue of
less than $ 200,000 will have their revenue
for that period lifted to $ 200,000
for the purpose of calculating five - year
growth that is not grossly exaggerated by immaterial differences in the base - year revenues of otherwise equal candidates (
for instance, a company that grows from $ 1 to $ 2 million would have a higher
growth rate than a company that grows from $ 2 to $ 3 million).
Last week,
for example, CVS said that prescription drug «hyperinflation» — defined as price increases of more than 100 % and as much as 5,000 % — contributed
less than 0.7 % to overall cost
growth for its PBM clients.
Russell Robb, managing director of Atlantic Capital Management and president of the Association
for Corporate
Growth, a trade group
for deal - makers, is
less ambivalent on this point.
Developing economies find themselves in need of new
growth models now that there is
less demand
for imports, no matter how cheap they might be.
In the base year used in the two - year
growth calculation (e.g., 2015), any companies with revenue of
less than $ 200,000 will have their revenue
for that period lifted to $ 200,000
for the purpose of calculating two - year
growth that is not grossly exaggerated by immaterial differences in the base - year revenues of otherwise equal candidates (
for instance, a company that grows from $ 1 to $ 2 million would have a higher
growth rate than a company that grows from $ 2 to $ 3 million).
We certainly try to make the travel industry that much
less painful
for consumers, that's why we've seen so much
growth.
Publishers like The New York Times have websites that users spend
less than 20 minutes on in the average month, apps that no one wants to pay
for, and paywalls whose
growth is flattening sharply.
With Chinese
growth slowing, a paramount issue
for President Obama and American business will be learning what the direction of Chinese policy will be — toward greater opening of its market in the tradition of Deng Xiaoping, or much
less welcome alternatives.
Ken Doctor, a media analyst
for consulting company Outsell, said Verizon is becoming
less of a utility that merely provides access to online services and more of a player in the digital arena as it sees
growth in the likes of Apple, Google and Facebook.
However, these benefits become
less motivating
for employees as they join your team and begin to think about leadership roles and opportunities
for growth.
Comcast added 350,000 high - speed internet customers during the quarter, slightly
less than a year earlier, but still the largest source of sales
growth for the company.
If policy developments in advanced economies make the path
for growth and debt
less benign than expected, risk premiums and volatility could rise sharply.
Growth in exports over 2017 and 2018 are projected to be slower than previously forecast, due to lower estimates of global demand, a composition of US growth that appears less favourable to Canadian exports, and ongoing competitiveness challenges for Canadian
Growth in exports over 2017 and 2018 are projected to be slower than previously forecast, due to lower estimates of global demand, a composition of US
growth that appears less favourable to Canadian exports, and ongoing competitiveness challenges for Canadian
growth that appears
less favourable to Canadian exports, and ongoing competitiveness challenges
for Canadian firms.
«Although we've now seen two consecutive quarters of strong market
growth, we believe the strong market performance has
less to do with strengthening demand and more to do with increased appetite from the channel
for inventory,» added Linn Huang, research director, Devices & Displays.
Even in the startup mecca of Silicon Valley, guns remain
less regulated than startups, and early stage companies continue to have their feet tied together with red tape, bureaucratic practices, and strict government regulations that limit their potential
for growth.
But anyone hoping
for the kind of stock
growth Shoppers enjoyed over the past decade — when its share price climbed from
less than $ 18 to, at one point, over $ 55 — will be disappointed.
The story is similar elsewhere, leaving
less room
for the upside
growth surprises that powered global risk assets in 2017.
Having increased their borrowing, households are
less inclined to let consumption
growth run ahead of
growth in incomes
for too long.
I have ignored reasons that might justify lower discount rates or higher GDP adjustments
for China mainly because the purpose of this essay is to explain why the U.S. multiple is so much higher than China's, and of course these reasons exist, but I think whatever the correct ratio should be, there is no question that advanced economies always justify higher multiples than developing economies because they tend to be economically more diversified and politically more stable, and they usually have institutions, including clearer legal and regulatory frameworks, more sophisticated capital allocation processes,
less rigid financial systems, and smaller state sectors (which make smooth adjustment, one of the most valuable and undervalued components of long - term
growth, more likely).
Add to this the disappointing ISM report, weakening automobile sales and slightly lower - than - hoped -
for GDP
growth in the second quarter, and it seems
less and
less likely we'll see more than one additional rate hike in 2017.
Smaller, mid-sized and relatively new or unseasoned companies can be particularly sensitive to changing economic conditions, and their prospects
for growth are
less certain than those of larger, more established companies.
On the other hand, the Macron victory is likely to be
less positive
for companies we'd consider to be lower -
growth.