Not exact matches
Selling at a significant discount to our estimate of intrinsic value and at
only a modest premium to
tangible book value, we think News Corp offers a compelling risk / reward profile.
The launch of a
book is the one and
only tangible event in the
book's life.
Not
only can you do this with characters, but also specific events or other
tangibles that are mentioned throughout the
book.
You
only have to look at Steve Jobs recently reporting that over 100 million eBooks have been downloaded via iBooks since April 2010 and Amazon selling more ebooks then
tangible books for the last year.
That can
only be accomplished with
tangible consumer goods like paper
books or gasoline.
The
only conclusion that could be gleaned from this 10 - year backtest is that price to
tangible book value might be slightly better at identifying value opportunities than the standard price - to -
book ratio for stocks with the lowest price ratios.
They trade for 11.1 times next year's estimated earnings, and
only 0.6 times
tangible book value.
With these assumptions, after four years, not
only would earnings per share be 20 % higher than they otherwise would have been, but
tangible book value per share would be 15 % higher than it otherwise would have been.
Stocks were selected and held
only if they appeared undervalued based on ratios like price to earnings, price to «owner earnings» (similar to free cash flow), enterprise value to operating earnings, and price to
tangible book.
Further, they have bought back so much stock that not
only is the company's
tangible book value negative, but the unadjusted
book value is negative too.
The
tangible information I could find regarding stopovers on Etihad flights is the following from the terms and conditions on etihadguest.com: «Stopovers in Abu Dhabi are permitted on GuestSeat Rewards
only where the
booking is made via the Etihad Guest Service Centre» (i.e. by calling in).
The notion that your child will
only get
tangible benefits from reading if you read the right way can feel intimidating and overwhelming (though it's certainly a good way to sell a
book!).