For members of the Ritz - Carlton loyalty program, there is one bright note: The Ritz - Carlton Rewards card gets you automatic gold status in the loyalty program, which includes a 25 percent bonus
on your base point earnings.
In comparison to other cards, the benefits that come with elite status in the Marriott program are lacking: the program offers a 20 percent increase
on base point earnings, preferential treatment at Marriott hotels and some minor discounts on hotel purchases.
However, this is the second highest level of status in the loyalty program behind Spire Elite, and you are entitled to receive a 50 % bonus
on your base point earnings.
Not exact matches
Last week, Bernstein analyst Toni Sacconaghi cut his fiscal - year
earnings - per - share estimate for Apple
based on his team's analysis of supply - chain companies that «increasingly
point [ed] to weakness.»
Last week, Bernstein analyst Toni Sacconaghi cut his fiscal - year
earnings - per - share estimate for Apple
based on his team's analysis of supply chain companies that «increasingly
point [ed] to weakness.»
Dean
points out that the grocery sector is about 50 % more expensive
on a price - to -
earnings basis here than it is in America, and
earnings are growing about 2 % slower.
In VFC's case, that basic estimate is
based on reference
point price - to -
earnings ratio (P / E) of 15, which is the long - term average P / E of the stock market as a whole.
While most of the market seemed not to notice, seeing as it was fixated
on corporate
earnings and what's going
on in the tech sector, the yield
on the T - note surged by 14
basis points last week to close Friday at 2.96 %.
At current levels of rates and risk premiums, a mere 1 % increase in the discount rate (from 4.7 % to 5.7 %) would shave nearly 4 P / E
points off the stock market's fair value
on a trailing
earnings basis.
The Author
Earnings numbers also tend to support Thompson's broader
point,
based on what he calls «aggregation theory,» which is that digital platforms from companies like Amazon are ultimately dis - intermediating existing industries like book publishing, by allowing content creators to do an end - run around incumbents and sell directly to consumers.
On average
earnings yields are 32
basis points over bond yields.
Enbridge makes money
based on how much product they can move from
Point A to
Point B — the market price of the product they are moving does not effect their
earnings.
In somewhat similar vein, you can obviously equate
earnings yield to RoME, but that would perhaps miss the
point — with an analysis, how you get there is often just as important as the end - result... If you re-read that section of my post, the important
point is to force myself (or readers) to stop focusing
on book value, or intrinsic value, or even the potential upside — and to re-focus more specifically
on what kind of return may be
on offer,
based on the current market cap & ignoring any revaluation potential.
At this
point, we're long past my original (
earnings & cash
based) Intrinsic Fair Value target, so it's only logical to opt for my Relative Fair Value target (3.5 Price / Sales & Cash,
based on comparable M&A multiples — which, frankly, I've never really understood — again, see my original TRIB post).
I'm just making the
point that the more predictive price ratios (Shiller PE, Tobin's q etc), which are well above their long - run averages, all disagree with the PEs
based on forward
earnings estimates from overoptimistic analysts» forecasts.
Under the
points -
based program, dubbed Ultimate Rewards, customers will earn
points for every dollar spent
on certain Chase credit cards, with no
earnings caps or expiration dates.
But with the board now conceding cash generation is more important than
earnings growth / guidance, this gap should close, so a 1.0 P / S multiple (
based on an average 10.8 % margin of $ 425 million) seems fair at this
point.
Sure,
earnings will change this over time, but the market's at a
point where multiple compression is literally v difficult, while multiple expansion «s a far easier future path for the market to take
based on any improvement in sentiment, and / or unexpected newsflow.
All indicators seem to
point to stock selection
based on low price
earnings multiples and low price to book value multiples.
For management of funds deposited under 28 U.S.C. § 1335 and invested in a Disputed Ownership Fund through the Court Registry Investment System, a fee at an annual rate of 20
basis points of assets
on deposit shall be assessed from interest
earnings.
For management of registry funds invested through the Court Registry Investment System, a fee at an annual rate of 10
basis points of assets
on deposit shall be assessed from interest
earnings, excluding registry funds from disputed ownership interpleader cases deposited under 28 U.S.C. § 1335 and held in a Court Registry Investment System Disputed Ownership Fund.
2003Hilton HHonors announced that members could earn Gold or Diamond VIP status
based on their annual
base point earnings.
Luxe members will also earn 20 % additional
points based on your
earnings every three months, an exclusive Luxe customer service line, and the ability to choose their own sale day with an all - day savings pass.
One strategy to maximize the
earnings is to own one of the annual fee credit cards and supplement with another annual fee or no - fee credit card that earns bonus
points on spending categories that only receive the
base 1 % purchase reward rate with the primary Chase credit card.
If you have Gold Status (easy to obtain though credit cards and status matches) you'll earn an extra 25 % bonus
on base points too — that takes the total
earnings to 37.5 HHonors
points / $ spent or 15 % rebate and, if you've got Hilton Diamond Status the total
earnings are 40 HHonors
points / $ spent or a 16 % rebate.
While signup bonuses can be great to give your miles &
points balances a one - time boost, what keeps those balances ticking over are the
earnings from using the cards
on a daily (or at least weekly)
basis.
Silver (0 - 4,999
points): Points for eligible bookings, complimentary Internet, priority early check - in and late check - out Gold (5,000 - 14,999 points): All benefits of Silver membership plus a welcome amenity and an upgrade based on availability Platinum (15,000 + points): All benefits of Gold membership plus 10 percent bonus points earnings iPrefer members will exchange their points for Reward Certificates in GBP, USD, or EUR curre
points):
Points for eligible bookings, complimentary Internet, priority early check - in and late check - out Gold (5,000 - 14,999 points): All benefits of Silver membership plus a welcome amenity and an upgrade based on availability Platinum (15,000 + points): All benefits of Gold membership plus 10 percent bonus points earnings iPrefer members will exchange their points for Reward Certificates in GBP, USD, or EUR curre
Points for eligible bookings, complimentary Internet, priority early check - in and late check - out Gold (5,000 - 14,999
points): All benefits of Silver membership plus a welcome amenity and an upgrade based on availability Platinum (15,000 + points): All benefits of Gold membership plus 10 percent bonus points earnings iPrefer members will exchange their points for Reward Certificates in GBP, USD, or EUR curre
points): All benefits of Silver membership plus a welcome amenity and an upgrade
based on availability Platinum (15,000 +
points): All benefits of Gold membership plus 10 percent bonus points earnings iPrefer members will exchange their points for Reward Certificates in GBP, USD, or EUR curre
points): All benefits of Gold membership plus 10 percent bonus
points earnings iPrefer members will exchange their points for Reward Certificates in GBP, USD, or EUR curre
points earnings iPrefer members will exchange their
points for Reward Certificates in GBP, USD, or EUR curre
points for Reward Certificates in GBP, USD, or EUR currencies.
Mosaic status entitles members to two free checked bags, waiver of change and cancellation fees, bonus
point earnings based on dollar spent, and exclusive partner offers.
These
base points are usually something like 5 to 10
points per dollar and do not include
earnings on tax.
There were some negative changes in terms of
points earnings for mid-tier members (more
on that below), but one interesting change came to the former Club Carlson Visa cards (now apparently the Radisson Rewards Visas): all Radisson Rewards Visa cardholders can now earn up to 3 free nights annually
based on spend.
5
points / $ (Hilton HHonors Double Dip
earnings): Hilton lets you choose to earn airline miles with its partners or additional Hilton HHonors
points on top of your
base earnings.
This tier is the same as the old Expedia Elite Plus; members get 30 % bonus
points on top of
base earnings, receive all of the perks that + silver members get, and get room upgrades whenever available at more than 1,400 + VIP Access hotels worldwide.
But the best perk is 50 % bonus
earnings on top of your
base points.