You will have to perform a lot of calculations based
on assumptions at lightning fast speed.
Not exact matches
Such statements are based
on management's current views and
assumptions that could ultimately prove inaccurate and are subject to risk factors such as (but not limited to) changes in raw materials prices, currency fluctuations, the pace
at which cost - reduction projects are implemented and changes in general economic and financial conditions.
On November 16, 2006, Clear Channel Communications, which was publicly traded
at the time, announced that it had agreed to a leveraged buyout totaling $ 26.7 billion, including $ 18.7 billion for the shares plus the
assumption of $ 8 billion in debt.
On his Twitter page, Ernie pointed out that seemingly reasonable
assumptions back
at the time of the January 2001 surplus celebration would have added up to a $ 15 trillion cumulative budget surplus through 2028.
Based
on these
assumptions, it takes over $ 16 billion to run Westworld for one year and $ 44,800,000 to keep the lights
on for one day — scandal, murder and seduction come
at a cost.
Even when two valuators do agree
on the methodology, they may vary
on the
assumptions used in that model and then arrive
at very different values for the firm.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended
at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan
assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU,
on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted
on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition
on a timely basis or
at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger
on the market price of United Technologies» and / or Rockwell Collins» common stock and / or
on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
«
On the third Thursday of every month, for example, you could go to a conference room and order in lunch and take an hour or two to look
at how your
assumptions have changed, look
at your progress,» Berry says.
And it would not be until they questioned their own most basic
assumptions about «the way Magellan's was managed» — the company's dependence
on them, the heroic - leader model they'd brought into the company from day one — that they would have a shot
at doing what few founders can when the wall confronts them: getting through it.
In fact, whereas Apple has long prided itself for premium prices — with the operating margins to show for it: 31 % in 2011, vs. 2 % for Amazon — Amazon sells
at the bare minimum needed to break even,
on the
assumption it will make money elsewhere.
As CIBC vice-chair Jim Prentice, a former federal environment minister, noted
at a business forum in Lake Louise, Alta., in November, «a lot of
assumptions have been based
on the seemingly insatiable appetite of the United States for energy.
Moreover, CBO's latest baseline
assumptions predict earnings to grow faster for high - income earners than for others in the next decade, [32] suggesting that the Great Recession and financial crisis may have had only a temporary impact
on the rising trend of income gains
at the top, much as the impact of the dot - com collapse in the early 2000s was only temporary.
A quick warning
on that office photograph though: «Do not make any
assumptions at all,» says Law.
According to Joe Oliver, federal spending tripled between 1969 and 1979, driven by «the ideology of the man
at the wheel and
on the reckless
assumption that commodity prices would remain high».
Nick Kounis, economist
at ABN Amro, said: «The IMF's report
on Greek debt makes grim reading but its growth
assumptions are too optimistic, hence debt projections are too low.»
A black - and - white set of
assumptions was
at work
on both sides.
Present policy is based
on the
assumption that the U.S. economy will crash if we don't keep the debt overhead growing
at past exponential rates.
I'm riding to or from work (through neighborhoods with multi-million dollar homes that owners tend to use as second / seasonal homes — hence my
assumption that I'm «among multi-millionaires» with net worths that probably have
at least 1 or 2 more digits than ours...), and a hint of green - ish paper catches my eye
on the ground in the grass between the sidewalk and the road.
Our
assumptions are based
on redeeming the Venture ® Rewards
on travel expenditure (taxis, car rentals, flights, public transportation, etc.)
at 2 %.
The estimate is built
on the
assumption that average annual revenue will grow
at 23 percent and adjusted EBITDA margins will reach 36 percent by 2024.
In SEFView we can isolate CME Cleared Swap volume
at the major D2D SEFs (
on the
assumption that this is all CME — LCH Switch trade activity).
Although the monthly payment
on a 30 - year mortgage with TD Bank seems lower
at first glance, each bank uses its own set of
assumptions in its online mortgage estimates, leading to minor variations in cost.
We are not acting
at present
on the expectation that this
assumption will be violated — we are acting in the expectation that it will hold.
However, PBO's forecast is based
on a number of
assumptions, which if not realized, would put their forecast
at risk.
With respect to Awards granted to an Outside Director that are assumed or substituted for, if
on the date of or following such
assumption or substitution the Participant's status as a Director or a director of the successor corporation, as applicable, is terminated other than upon a voluntary resignation by the Participant (unless such resignation is
at the request of the acquirer), then the Participant will fully vest in and have the right to exercise Options and / or Stock Appreciation Rights as to all of the Shares underlying such Award, including those Shares which would not otherwise be vested or exercisable, all restrictions
on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance - based vesting, all performance goals or other vesting criteria will be deemed achieved
at one hundred percent (100 %) of target levels and all other terms and conditions met.
There's some sophisticated number - crunching going
on under the hood — essentially, BlackRock combines its forecast for market returns with
assumptions about retirees» longevity to arrive
at its spending estimates.
«Most of the
assumptions behind the CAPM model do not come close to reality -
at least not
on this planet» David Dreman
I operate
on the
assumption that there are so many smart people looking for legitimate patterns that any simple things like buying
at market highs isn't likely to work.
Additional uncertainty in these calculations arises from the
assumption that a 10 per cent GST has the same effect
on the retail price as a 10 per cent WST, even though the WST is levied
at an earlier stage of production and therefore represents a smaller amount of tax for a given tax rate.
«Estimate» in this case is a guesstimate based
on what's been put
on the table so far and based
on the
assumption that the current restructuring proposal will occur and that the new securities issued will maintain their «
at issue» value.
The
assumption that these goals were perfectly compatible rested,
at least implicitly,
on legislators» belief in the presence of a stable Phillips Curve, implying a negative relationship between the rate of inflation and the rate of unemployment.
We despair
at Italy's persistent tinkering with electoral laws, an obsession based
on the false
assumption that other systems would produce fundamentally different outcomes.
«The Russian budget now is including $ 100 per barrel for the next three years and some more optimistic
assumptions on economic growth, which are probably over-optimistic,» Guriev, who is currently a professor of Economics
at Sciences Po, a French public research and higher education institution, told CNBC
at the UBS European Conference in London.
Just as important,
at a time when fears over China's slowing economy are widespread and there's evidence of retail saturation in the country's major metropolitan areas, nearly half of survey participants said they expect to be better off financially in the next 12 months — and they are eager to spend, contrary to gloomy
assumptions about the drag of sluggish economic growth
on consumer sentiment.
On the maintained
assumption that the elimination of financial intermediation is unthinkable, then the simple annulment of almost any category of modern debt is just not possible, (we shall discuss student debt
at greater length in Section 8).
Pulling all of this together, we can look
at the range of 10 - year returns that could have been projected
at any point in time, based
on various
assumptions about the ending P / E ratio.
On April 12, Gannett, publisher of USA Today and more than 100 other newspapers, made an offer to buy Tribune Publishing for $ 12.25 per share, an all - cash deal valued
at $ 815 million, including the
assumption of $ 390 million in debt.
The OPEC / non-OPEC deal is working, and the current underlying key
assumption of Russia's economic policies — oil prices
at US$ 40 — can allow it to live forever
at that price or below, Russia's Economy Minister Maxim Oreshkin told Bloomberg in an interview
on the sidelines of the St. Petersburg International Economic Forum
on Thursday.
Market behaviour
at that time seemed based
on the
assumption that the pattern of successive monthly interest rate increases in 2002 and 2003 could be repeated.
The best way to answer that question is to assume that the S&P had always traded
at its current valuation, and calculate what it's historical return would have been
on that
assumption.
Nariman Behravesh, chief economist
at IHS Markit, predicts that the economy will grow a modest 2 percent to 2.5 percent this year, before accelerating next year to 2.6 percent to 2.7 percent
on the
assumption that Trump's policy proposals will have begun to take full effect by then.
These valuations might be reasonable
on the
assumption that short - term interest rates will be kept
at zero for more than 30 years, but our impression is that what's actually going
on is that investors feel they have «nowhere else to go» and — as in 2000 and 2007 — are speculating without a clear recognition of the dismal long - term returns that are now priced into equities.
We suffer from technological programs based
on the
assumption that the earth is an infinite resource
at our disposal, something that belongs to us and is to be used for whatever project we happen to be creating in our own image.
At that mass, we will commemorate Mary's
assumption into heaven in body, and spirit, as an act of grace bestowed
on her by God.
Applied to the question
at hand, the debate thus proceeds
on the unquestioned
assumption that either human beings definitely are naturally religious, and so religion will always persist in human societies, or they are not naturally religious, and so modernity will inevitably secularize people and society as we shed the accidents of our cultural past.
Browsing the new arrivals shelf
at your local theological library, you're now as likely to find titles by the Catholic dogmatician Matthew Levering, the Orthodox historical theologian Paul Gavrilyuk, and the Reformed theologian Kevin Vanhoozer
on why we need to continue to speak, with the early Church, of God's inability to suffer — and of God's voluntary
assumption of our human nature, in Jesus Christ, in order to share, and thereby overcome, our suffering — as you are to find another volume
on God's suffering in the divine nature itself.
No comparisons regarding the style or of word structures; just the content, or rather the interpretation of the content; all of which is based
on the
assumption that when Paul states in 1 Thessalonians about those of us who remain when Christ returns, Paul had to have meant he was specifically to just the people he was addressing to
at the time.
The more serious problem arises
at the point
at which philosophers draw inferences based
on the
assumption that their systematic positions are essentially complete.
Though Witte does not state explicitly that his methodology is shaped by the Protestant principle, he nonetheless proceeds
on the
assumption that historical Christianity passed over,
at least in the West, into the ecclesial communions that developed out of the Reformation.
But you came in here with an underlying
assumption that anybody that believes differently than you (
at least
on the topic of gay Christians, though I suspect it would apply more broadly) is just ignoring and or twisting scripture to appease what «feels good» to them.