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.
«These types of «good
debt» give far lower interest
rates for people with good credit than the typical
margin rates offered by brokers,» she said.
This would sharply enhance growth
rates during the expansion phase, much like
margin borrowing enhances returns when market prices are rising faster than the
debt servicing costs, but at the expense of sub-par performance once conditions reverse.
Lenders, who rely on strong and growing loan books to boost
margins, are offering big discounts and low
rates to buyers with big deposits, steady income and low
debt.
The Revolving Credit Facility provides for a revolving total commitment of $ 50.0 million and bears interest, at our option, at either the prime
rate or LIBOR plus, in each case, an applicable
margin determined according to a grid based on a net funded
debt to Adjusted EBITDA ratio.
It is difficult to understand why the record burden of consumer
debt will be impervious to a rising unemployment
rate, particularly when companies are facing a substantial acceleration in wage inflation in recent months as they try to shore up profit
margins - making substantial new layoffs inevitable.
We anticipate that borrowings under the New Credit Facility will bear interest, at our option, at either the prime
rate or LIBOR plus, in each case, an applicable
margin determined according to a grid based on a net funded
debt to Adjusted EBITDA ratio.
When times are good, sales ticking higher,
margins expanding and cash flows strong, only the advantages of leverage are visible - higher returns on equity, faster growth
rates and an enhanced benefit to stock holders as
debt is repaid.
As with other forms of
debt, the
margin and interest
rate that a borrower receives on a variable
rate loan are heavily dependent on credit score, lender and loan product.
As with other forms of
debt, the
margin and interest
rate that a borrower receives on a variable
rate loan are heavily dependent on credit score, lender and loan product.
Combine this with rising interest
rates, high
margin debt, age of this bull market and lack of fear a potential bear market might not be that far off.
Corporations use the ultra-low
rates to refinance
debt, repurchase stock shares, cut costs and enhance profit
margins, while rarely using the easy money to hire.
Seeks to capture large cap stock mispricing opportunities due to market inefficiency, by continuously computing relative valuation of large cap stocks according to growth factors such as earnings growth
rate, sales growth
rate, p / e / g ratios, asset turnover
rate, operating
margin,
debt / equity ratio, free cash flow, relative price strength, etc..
But despite this,
margin account money can be use to do anything and everything you want, including paying
debt at a higher interest
rate and including a Louis Vuitton bag or a Denis Gagnon sexy dress!
[Based on this adjusted
margin, I calculate another # 23 million in
debt (at an assumed 5 %
rate, for acquisitions etc.) would still limit finance expense to 15 % of adjusted
margin — as usual, let's apply a 50 % haircut, just to be conservative].
alpha, catalyst, developed markets, emerging markets, EUR / USD, European sovereign
debt crisis, foreign exchange trading, foreign stock listings, frontier markets, FX
rates, Human Capital, macro perspectives,
Margin of Safety, portfolio allocation, portfolio performance, stock screener, value investing, value investing bloggers
We own the stock we want sooner, and can get a tax deduction for the interest paid on the
margin debt (and avoid paying a higher tax
rate on the interest we would have earned if we saved up to make purchases in a high - interest savings account).
I decide to use
margin money to invest at a low interest
rate despite the fact that I said previously that I was going to only use the
margin money to pay off
debt at a higher interest
rate.
Benefits include increased buying power, lower
debt interest
rate and the most interesting benefit of all, you can withdraw cash from your
margin credit
In my personal financial situation,
margin is a great tool to use to pay off
debt hold on line of credit at a higher interest
rate (8.75 % in this case).
To better reflect actual cash flows, this time we'll reference Google's 31 % GAAP operating
margin: The company could add $ 91 billion of
debt & comfortably maintain 6.7 times interest coverage (assuming a 5 % long - term interest
rate)-- as usual, I'll apply a conservative 50 % haircut & deduct current outstanding
debt of $ 3.9 billion, to arrive at a $ 42 billion
debt capacity adjustment.
The interest
rate on
margin balances with my broker is 1.58 % right now, so I could borrow another 12K, withdraw my 24K from my brokerage account, and significantly pay down some of my private student loan
debt and in fact pay off some of the
debt with the highest interest
rate.