When the travel expense in question could be booked through an award but only at
a low point valuation, it may be better to pay out of pocket.
Not exact matches
«We believe this vol shock / liquidity event has likely taken
valuations too
low at this
point,» says Morgan Stanley's Michael Wilson.
«We believe this vol shock / liquidity event has likely taken
valuations too
low at this
point but realize such events have a way of overshooting to the downside which is why we have advocated patience in buying this dip,» Wilson said.
Understand also that the evidence
pointing to steep market risk over the completion of this cycle is quite robust, as the
valuation criteria in the overvalued, overbought, overbullish syndromes we now observe would be satisfied even if stocks were significantly
lower than they are at present.
Why
Low Returns Are Inevitable (Economist) When
valuations are high, the math
points to
lower returns.
I'm just
pointing out my gut feel for approximate ranges of deals that I've seen with Silicon Valley having the highest
valuations, NY / LA / Boston / Boulder / Seattle having
valuations in a slightly
lower range but comparable and sometimes significantly
lower prices in markets that don't have a healthy venture market.
On that
point, to argue that
low interest rates are enough to make extreme
valuations irrelevant is to wholly miss the
point.
Its dividend guidance has been
lowered and there may be downside risks, but, I like its
valuation at this
point.
Yet structurally
lower interest rates
point to sustainably higher
valuation multiples than in the past.
Not only would it be starting ahead of schedule, he argues, but even at the market
lows of a year ago the stock
valuations were never as
low as they typically get at turning
points in secular market trends.
To offer some insight on prospective losses over the completion of the market cycle, the following chart examines the S&P 500 stocks, and shows the median drawdown (loss to
lowest point) of stocks within each
valuation decile.
Unsecured creditors objected to the
low valuation, at which
point Wangxiang emerged as a serious potential contender for Fisker's assets.
If so, you use a
lower number in your
valuation start
point for EBIT %.
If July turns out to be the
low point for this bear market, it will then mark the second highest level of
valuation that a cyclical bull has ever started from (the highest starting
valuation level was in 2003).
From that standpoint, there's no chance that the 2009
low was the beginning of a secular bull, both because
valuations weren't nearly
low enough (prospective 10 - year returns briefly exceeded 10 % annually, but were nowhere close to those accompanying the beginning of previous secular bulls), and also because at present,
valuations are already about the
point where one would look for a secular bear to start.
Yet structurally
lower interest rates
point to sustainably higher
valuation multiples than in the past.
My view is that it is best to maintain a moderate position in stocks at times of high
valuation and that it is also best not to go too extreme on the high side in one's stock allocation at times of
low valuation (because in the short - term stocks may drop sharply even from a starting
point at which
valuations are
low).
It's called The «Why» Behind Michael Kitces» Strange Finding That High
Valuations Point to
Low Returns Only for a Time and Then to Higher - Than - Normal Returns.
High stock
valuation levels can mean
lower expected stock returns, and
low bond yields usually
point to
lower future bond returns.
In Table 3, of the 96 tests for factors, only 2 have the «wrong» sign, with higher
valuation pointing to (negligibly) higher subsequent returns; both instances of the «wrong» sign are in the emerging markets, for which we have shorter history, and are for the
low beta factor, for which the current
valuations, in the 99th percentile, are quite extreme relative to history.
The current price is near the
lowest point over the last year, and most analysts have a
valuation of around $ 40 to $ 41 per share (roughly what I paid), with an overall «hold» rating.
He said that the 1.6 number was an outlier that was based on very few data
points because we have never before in U.S. history seen
valuations as high as those that applied in early 2000 (it was a P / E10 value in the
low 30s that brought on the Great Depression).
That almost always takes the form of a significant bear market decline sharply
lowering those
valuations at some
point.
Long - term challenges in its core business segments along with value destroying management are two reasons for these metrics grinding
lower but at a certain
point,
valuation can become rather compelling.
Again, it's uncertain whether investors will push
valuation metrics down to the
lowest points of their historical ranges.
The notion is that stability is
low risk and volatility is high risk, but actually the difference between or the tipping
point between risk and reward is the
valuation, i.e., what is priced in?
With errors of this sort, property owners can often get a
lower valuation by simply talking to the assessor and
pointing out the errors.
Instead, PayPal's MasterCard
points usually translate into less than one cent per
point, so if you're looking to get the best rewards
point bang for your buck, you need to be aware of this
lower valuation.
At a
valuation of 1.5 cents per
point (which is admittedly on the
low side), this amounts to a 9 % return on Hyatt purchases.
You can always redeem your
points for statement credit at 1 cent a piece, but that would be the
lowest valuation for your
points, making this bonus just $ 500.
While 1.6 cents is what I regard as a
low valuation for
points (I prefer to redeem my miles and
points for at least 5 cents per
point in value, if not 8 or 10 cents or more per
point), 1.6 cents isn't horrible given that you'd also be earning miles on the paid flight.
At what
point does the noise introduced by adding more and more
low - accuracy
valuations destroy the informational value of accounting itself?
On the margin
point, the trial Judge made the observation that most claimants seemed to contend that all
valuations were «standard»; clear reference to the analysis of the authorities on the issue set out by Mr Justice Coulson in K / S Lincoln v CB Richard Ellis and the tendency for those bringing claims to argue for the
lowest possible margin; but accepted that this
valuation was in the exceptional category but at the
lower end of such — a firm steer that in the right case a higher margin would be achievable.
FB is a wonderful wide - moat business, but a choppy growth trajectory will likely send shares
lower at some
point, offering investors an entry
point at a much more attractive
valuation than they'll get today, says Morningstar analyst Rick Summer.