Sentences with phrase «of underlying business»

It increases business liability coverage to protect you when lawsuit costs exceed the limits of your underlying business liability coverage.
No one is hurt, fortunately, in a large fire at your warehouse, but the cost of repairs will exceed the limits of your underlying business property coverage.
There was a considerable amount of information to be assimilated and review to give satisfaction to investors, not only as to the business» growth potential, but additionally due consideration of the underlying business performance, which on the face of it reflected a business in transition.
The Success in Your San Diego Business TransactionsThe success in your San Diego business transactions is rooted in the quality of the underlying business contracts.
Developing the national firm infrastructure required a harmonization of parallel corporate systems and adding a national coordinating structure at the top, but not a re-evaluation of every aspect of the underlying business.
This screen ranks shares on two key factors — The quality of the underlying business and the value for money that the shares represent at their current price.
Unit - holders are entitled to be paid amounts that are indirectly based on the pre-tax profit of the underlying business.
For Munger, not considering the quality of the underlying business when buying an asset is far too limiting.
OK, let's lose our heads a little now & envisage a sale of Newmark: Here's the wonderful thing about small companies — no matter how parsimonious management might be, the costs of a listed company HQ (in absolute terms) can be a heavy burden on the margins of its underlying business (es).
complexity of the underlying business, I guess retail will not buy it.
All this emotion can push the share price a long way from the intrinsic value of the underlying business.
the potential disposal of its underlying business, which should shortly free up its cash for distribution.
Or small companies where much of the fixed cost, i.e. HQ expense, obscures the profitability of its underlying business — how much is such a company worth if / when revenue growth drops to the bottom line, or an acquirer comes along?!
Nothing I have said so far could be construed as taking the position that security price movements are completely disconnected from the «financial status» of the underlying business.
And what we're doing is we care less about that and more about the sustainability of the underlying business.
Of course we all want dividend growth from the companies we own because in general that means there's growth of the underlying business.
In the end, it's about the competitive position of the underlying business (not the sector).
You're kidding, they own a majority of the listed company, AND half of the underlying business?!
Calculate the value of the underlying business, subtract any debt and divide the result by the number of shares on issue.
In Graham's view a speculator was unconcerned with the intrinsic value of a business, and interested only in the price he could hope to get when he sells out — in other words the speculator's concept of value is unrelated to the fundamentals of the underlying business of the company, whereas the fluctuations in market price are of great importance to him.
But if you believe that stock prices ultimately reflect the strength of the underlying business, than a careful review of the business fundamentals will reveal how much real downside risk is really there if you choose to invest in the stock.
Margin of safety is simply the difference between the intrinsic value of a stock (or the core value of its underlying business) and its market price.
A lot of people buy things with characteristics they don't understand, such as the nature of the underlying business or the capital structure of a corporation.
The big lesson here is to not focus on the stock price but to focus on performance of the underlying business.
In order to really build that future dividend growth expectation, though, we must look at what kind of underlying business growth the company is generating.
I do think they've added some value to L, but you're right, if you're buying back stock of an underlying business that is not creating (or worse, destroying) value, then the buybacks themselves aren't creating value.
Real equity returns fluctuate with operational performance of the underlying business, and the market pricing for these securities reflects this fact.
Whether you are leaning towards a style of value investing focused on reversion to the mean or the one focused on finding underappreciated compounders of capital, you will need to be able to understand what the future economics of the underlying business are likely to be.
By applying their knowledge of the underlying business models, they can select the most convenient and economical combination of products to reach their library's educational goals.
It is presented here to provide greater understanding of the underlying business performance of the Group's operations attributable to the owners of Rio Tinto.
For Munger, not considering the quality of the underlying business when buying an asset is far too limiting: «The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price.
Margin of safety is simply the difference between the intrinsic value of a stock (or the core value of its underlying business) and its market price.
While we make thousands of adjustments in our models to close accounting loopholes and portray the true economics of the underlying business, every adjustment is not only 100 % transparent but also overrideable by clients.
Instead, stocks represent an actual ownership of some underlying business.
But here is where things get interesting for long - term investors: if you think in terms of underlying business strength instead of volatility, things are much, much smoother.
If a stock price is somehow chronically low in relation to the fundamentals of the underlying business, buying 100 % of the outstanding shares removes the veil, and closes the gap between price and value.
And in order to get a feel for what kind of future dividend growth to expect, we must first build an expectation of underlying business growth.
But understanding the health of the underlying business and its prospects can help support — or scuttle — the case for a potential trade.
Companies whose stock price represents a significant discount to our estimate of underlying business value
This requires patience, a solid understanding of the underlying business to give you the conviction to hold, the recognition that values and prices can get out of kilter, and an absence of leverage.
Be sure that, in addition to knowing its P / E ratio, you also understand what the number means in the context of the underlying business.
2 The percentage change has been calculated using actual exchange rates in use during the comparative prior year period to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure.
I was kind of like I said interested in gambling or at least speculating or figuring things out and then taking a calculated gamble and what they were telling me was don't try, there were saying that no one can beat the market and the stock prices are efficient and just through simple observation looking at the newspaper and they used to have the 52 - week high low prices in the newspaper, it seemed unreasonable that you know the fair price was 51 day and eight months later, it was 120, and that was pretty much every stock had that kind of range every year and it didn't make sense to me that the fundamentals of the underlying businesses were actually changing that much.
Eventually we rely on cash flows from businesses to validate the value of the underlying businesses.
I recap how each of the underlying businesses performed during 2017, as well as provide a few remarks about valuation.
Certainly, in the broader market, many stock prices overestimate the permanence of the underlying businesses.
Viewing stocks this way requires neither rigorous analysis nor knowledge of the underlying businesses.
In other words, long - term returns are derived based on the success of the underlying businesses» ability to generate earnings and cash flows.
According to Graham, Investing consists equally of three elements: You must thoroughly analyze a company, and the soundness of its underlying businesses, before you buy its stock; you must deliberately protect yourself against serious losses; you must aspire to «adequate,» not extraordinary, performance.
To investors stocks represent fractional ownership of underlying businesses and bonds are loans to those businesses.
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