These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including
the performance of financial markets, the investment performance of NexPoint Advisors, L.P.'s or Highland Capital Management L.P.'s sponsored investment products, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws.
Variable life insurance is a type of life insurance that is tied to
the performance of the financial market.
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.
Some
of the factors they might consider in reevaluating a company include its
financials, the
performance of comparable companies that are publicly traded, as well as the overall
performance of equities
markets.
Moreover, if we accept that the effective and efficient functioning
of our stock
markets assumes that investors have access to any relevant information that can affect an organization's
financial performance, information about senior leaders» mental health can no longer legitimately be withheld.
In response to Einhorn's presentation, Assured Guaranty released a statement that said the investor's analysis «fails to acknowledge the positive implications
of our significant
financial strength and strong operating
performance, and demonstrates a fundamental lack
of understanding
of our business model and the municipal debt
markets.»
This press release contains «forward - looking statements» within the meaning
of the Private Securities Litigation Reform Act
of 1995, including statements regarding the company's 2018
financial performance, the company's growth strategy, the company's capital allocation strategy, the company's tax planning strategies and the
performance of the
markets in which the company operates.
But the crises have started affecting its
financial performance because
of concerns it will result in heightened regulations, and CBA shares are down about 7 percent so far this year while the broader
market is up.
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.
«We believe short - term gains could fade shortly after earnings season as «the usual» sector overhangs weigh on H1 / 18
performance, namely the housing
market and NAFTA,» National Bank
of Canada
Financial Markets analyst Gabriel Dechaine told clients in a research note.
Important factors that could cause our actual results and
financial condition to differ materially from those indicated in the forward - looking statements include, among others, the following: our ability to successfully and profitably market our products and services; the acceptance of our products and services by patients and healthcare providers; our ability to meet demand for our products and services; the willingness of health insurance companies and other payers to cover Cologuard and adequately reimburse us for our performance of the Cologuard test; the amount and nature of competition from other cancer screening and diagnostic products and services; the effects of the adoption, modification or repeal of any healthcare reform law, rule, order, interpretation or policy; the effects of changes in pricing, coverage and reimbursement for our products and services, including without limitation as a result of the Protecting Access to Medicare Act of 2014; recommendations, guidelines and quality metrics issued by various organizations such as the U.S. Preventive Services Task Force, the American Cancer Society, and the National Committee for Quality Assurance regarding cancer screening or our products and services; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, licensing and supplier arrangements; our ability to maintain regulatory approvals and comply with applicable regulations; and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on For
financial condition to differ materially from those indicated in the forward - looking statements include, among others, the following: our ability to successfully and profitably
market our products and services; the acceptance
of our products and services by patients and healthcare providers; our ability to meet demand for our products and services; the willingness
of health insurance companies and other payers to cover Cologuard and adequately reimburse us for our
performance of the Cologuard test; the amount and nature
of competition from other cancer screening and diagnostic products and services; the effects
of the adoption, modification or repeal
of any healthcare reform law, rule, order, interpretation or policy; the effects
of changes in pricing, coverage and reimbursement for our products and services, including without limitation as a result
of the Protecting Access to Medicare Act
of 2014; recommendations, guidelines and quality metrics issued by various organizations such as the U.S. Preventive Services Task Force, the American Cancer Society, and the National Committee for Quality Assurance regarding cancer screening or our products and services; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, licensing and supplier arrangements; our ability to maintain regulatory approvals and comply with applicable regulations; and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis
of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on For
Financial Condition and Results
of Operations sections
of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on Form 10 - Q.
The company's
financial performance in the year to date has been mixed after its decision to raise the prices
of its products weakened its
market share and forced it to trim its sales growth forecast for the full year.
Despite recording a net loss... 2013 was a year
of significant improvement for AK Steel in terms
of its
financial performance, employee safety, product quality, improved shipments to the automotive
market.»
«Twenty - four
financial publications engaged in forecasting the stock
market during the 4 1/2 years from January 1, 1928, to June 1, 1932, failed as a group by 4 per cent per annum to achieve a result as good as the average
of all purely random
performances.
The future value
of our Class A common stock will depend to a large degree on our business and
financial performance, and we can not assure you that the price
of our Class A common stock will equal or exceed the price at which our securities have traded on these private secondary
markets.
One
of the many surprising aspects
of financial market performance over the past year has been the weak
performance of the US dollar, which has fallen by close to 10 per cent on a trade weighted basis and by more than 10 per cent against the euro.
While the Committee believes that
financial performance should be the most significant driver
of compensation, other factors that drive long - term value for stockholders are also taken into account by the Committee, including improvements in
market share, successful product launches, achievement
of strategic objectives and customer satisfaction.
Cambridge Associates and the Global Impact Investing Network have collaborated to launch the Impact Investing Benchmark, the first comprehensive analysis
of the
financial performance of market rate private equity and venture capital impact investing funds.
The relative
performance of small and large caps against
financial market conditions helps to explain these shifting valuations.
Because our model focuses on quantifying the
market's expectations for the future
financial performance of a company as embedded in the stock price, we need a more dynamic DCF model than the traditional models that force the valuation
of every stock into a 5 or 10 - year forecast horizon.
Performance of companies in the
financials sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades, changes in interest rates, and decreased liquidity in credit
markets.
Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as
financial performance, technological innovation and intellectual property, DNA
of the founders, business model, customer footprint and
market penetration.
Because there is no public
market for our common stock, our board
of directors determined the common stock fair value at the stock option grant date by considering several objective and subjective factors, including the price paid by investors for our preferred stock, our actual and forecasted operating and
financial performance,
market conditions and
performance of comparable publicly traded companies, developments and milestones in our company, the rights and preferences
of our common and preferred stock, the likelihood
of achieving a liquidity event, and transactions involving our preferred stock.
With regard to recent
performance, which has been positive but modest since the
market peak last year, the main factor that has kept our returns relatively restrained despite the collapse
of financials has been the simultaneous collapse
of technology and consumer stocks, with cyclicals and commodities providing the greatest support to the major indices.
The additional factors considered when determining any changes in fair value between the most recent valuation report and the grant dates included, when available, the prices paid in recent transactions involving our equity securities, as well as our operating and
financial performance, current industry conditions and the
market performance of comparable publicly traded companies.
In addition, if our pricing and other facets
of our offerings are not sufficiently competitive, or if there is an adverse reaction to our product decisions, we may lose
market share in certain areas, which could adversely affect our
financial performance and business prospects.
While the world has been laser - focused on the woes
of the heavily - indebted PIIGS nations for the last couple
of years, property
markets in Northern and Western European countries have been bubbling up to dizzying new heights in a repeat
performance of the very property bubbles that caused the global
financial crisis in the first place.
However, we maintain our belief that the overall
performance of the European economy is reasonable and that the «real economy» — the parts tied to the production
of goods and services — seems so far to have been broadly insulated from the recent volatility in
financial markets.
The Vanguard Financials ETF tracks the
performance of the MSCI US Investable
Market Financials 25/50 Index, which includes the financial stocks of the top 98 % of US market by capitaliz
Market Financials 25/50 Index, which includes the
financial stocks
of the top 98 %
of US
market by capitaliz
market by capitalization.
As the amount
of short - term borrowing and lending among
financial institutions expanded,
markets for repurchase agreements and commercial paper became primary funding sources, forging a chain that linked the fortunes
of many institutions and various
financial sectors to the
performance of a few
of the largest and exacerbated systemic vulnerability.»
«These developments, together with
market concerns about the future
performance of the Chinese economy, are having spillovers to other economies through trade channels and weaker commodity prices, as well as through diminishing confidence and increasing volatility in
financial markets.»
U.S. optimism in the face
of uncertainty Strong
financial market performance and hiring activity are providing a steady backdrop for another year
of solid consumer spending.
The number
of possible benchmarks that investors or analysts can choose from is extensive, especially for a sector as large and as critical to overall
market performance as the
financial services sector.
This governing and
marketing observing body looks into the
performances of brokers and brokerage firms like 10Trade and oversees the operations
of regulation
of financial markets, the stock exchange and monitoring
of financial transactions very carefully.
We heard from a
financial analyst documenting the extraordinary sales growth and profit
performance of Woolworths and Coles over the past decade, along with some cautionary words expecting both indicators to moderate somewhat in the current decade because
of the entry
of Aldi and CostCo into the Australian
market.
Time for some brutal honesty... this team, as it stands, is in no better position to compete next season than they were 12 months ago, minus the fact that some fans have been easily snowed by the acquisition
of Lacazette, the free transfer LB and the release
of Sanogo... if you look at the facts carefully you will see a team that still has far more questions than answers... to better show what I mean by this statement I will briefly discuss the current state
of affairs on a position - by - position basis... in goal we have 4 potential candidates, but in reality we have only 1 option with any real future and somehow he's the only one we have actively tried to get rid
of for years because he and his father were a little too involved on social media and he got caught smoking (funny how people still defend Wiltshire under the same and far worse circumstances)... you would think we would want to keep any goaltender that Juventus had interest in, as they seem to have a pretty good history when it comes to that position... as far as the defenders on our current roster there are only a few individuals whom have the skill and / or youth worthy
of our time and / or investment, as such we should get rid
of anyone who doesn't meet those simple requirements, which means we should get rid
of DeBouchy, Gibbs, Gabriel, Mertz and loan out Chambers to see if last seasons foray with Middlesborough was an anomaly or a prediction
of things to come... some fans have lamented wildly about the return
of Mertz to the starting lineup due to his FA Cup
performance but these sort
of pie in the sky meanderings are indicative
of what's wrong with this club and it's wishy - washy fan - base... in addition to these moves the club should aggressively pursue the acquisition
of dominant and mobile CB to stabilize an all too fragile defensive group that has self - destructed on numerous occasions over the past 5 seasons... moving forward and building on our need to re-establish our once dominant presence throughout the middle
of the park we need to target a CDM then do whatever it takes to get that player into the fold without any
of the usual nickel and diming we have become famous for (this kind
of ruthless haggling has cost us numerous special players and certainly can't help make the player in question feel good about the way their future potential employer feels about them)... in order for us to become dominant again we need to be strong up the middle again from Goalkeeper to CB to DM to ACM to striker, like we did in our most glorious years before and during Wenger's reign... with this in mind, if we want Ozil to be that dominant attacking midfielder we can't keep leaving him exposed to constant ridicule about his lack
of defensive prowess and provide him with the proper players in the final third... he was never a good defensive player in Real or with the German National squad and they certainly didn't suffer as a result
of his presence on the pitch... as for the rest
of the midfield the blame falls squarely in the hands
of Wenger and Gazidis, the fact that Ramsey, Ox, Sanchez and even Ozil were allowed to regularly start when none
of the aforementioned had more than a year left under contract is criminal for a club
of this size and
financial might... the fact that we could find money for Walcott and Xhaka, who weren't even guaranteed starters, means that our whole business model needs a complete overhaul... for me it's time to get rid
of some serious deadweight, even if it means selling them below what you believe their
market value is just to simply right this ship and change the stagnant culture that currently exists... this means saying goodbye to Wiltshire, Elneny, Carzola, Walcott and Ramsey... everyone, minus Elneny, have spent just as much time on the training table as on the field
of play, which would be manageable if they weren't so inconsistent from a
performance standpoint (excluding Carzola, who is like the recent version
of Rosicky — too bad, both will be deeply missed)... in their places we need to bring in some proven performers with no history
of injuries... up front, although I do like the possibilities that a player like Lacazette presents, the fact that we had to wait so many years to acquire some true quality at the striker position falls once again squarely at the feet
of Wenger... this issue highlights the ultimate scam being perpetrated by this club since the arrival
of Kroenke: pretend your a small
market club when it comes to making purchases but milk your fans like a big
market club when it comes to ticket prices and merchandising... I believe the reason why Wenger hasn't pursued someone
of Henry's quality, minus a fairly inexpensive RVP, was that he knew that they would demand players
of a similar ilk to be brought on board and that wasn't possible when the business model was that
of a «selling» club... does it really make sense that we could only make a cheeky bid for Suarez, or that we couldn't get Higuain over the line when he was being offered up for half the price he eventually went to Juve for, or that we've only paid any interest to strikers who were clearly not going to press their current teams to let them go to Arsenal like Benzema or Cavani... just part
of the facade that finally came crashing down when Sanchez finally called their bluff... the fact remains that no one wants to win more than Sanchez, including Wenger, and although I don't agree with everything that he has done off the field, I would much rather have Alexis front and center than a manager who has clearly bought into the Kroenke model in large part due to the fact that his enormous ego suggests that only he could accomplish great things without breaking the bank... unfortunately that isn't possible anymore as the game has changed quite dramatically in the last 15 years, which has left a largely complacent and complicit Wenger on the outside looking in... so don't blame those players who demanded more and were left wanting... don't blame those fans who have tried desperately to raise awareness for several years when cracks began to appear... place the blame at the feet
of those who were well aware all along
of the potential pitfalls
of just such a plan but continued to follow it even when it was no longer a
financial necessity, like it ever really was...
The
financial institution assured that, `' barring any unforeseen circumstances, we see improved operating
performance in 2018 based on the improving macro-economic and capital
markets environment, declining cost
of funds for the bank, and the growing contributions
of asset and wealth management following last year's acquisitions».
Let's not forget that Johnson's
performance as shadow - chancellor was worse than useless and Darling failed to lift a finger while
financial markets ran out
of control.
This pack covers all
of the areas including data and
market analysis, sales forecasting,
financial ratios, balance sheets, non-
financial performance, corporate aims and objectives, corporate strategy, business growth, decision trees, investment appraisal, critical path analysis and special order decisions.
The report should summarize the program's
financial performance to date, and recommend whether the objectives
of the program would be best met by continuing the program under the authority
of the Secretary, establishing a Government corporation
of Government - sponsored enterprise to administer the program, or by relying upon the capital
markets to fund projects
of regional and national significance without Federal participation.
Based on our studies
of factor
performance under different
financial regimes — the
market cycle, the business cycle, and the investor sentiment regime — we found that factor strategies historically have been most responsive to
market cycle analysis, while business cycle and investor sentiment analysis have served as good complements to
market cycle analysis (see Exhibit 1).
My approach to keeping tabs on the global
financial markets is super-simple: I just check the
performance of various Vanguard Group index funds.
Among the more than 100
market - timing strategies tracked by the Hulbert
Financial Digest, in fact, this model has turned in the best
performance of any in forecasting the
market's four - year return.
Thanks to that rotten
performance, emerging
markets are arguably the cheapest sector
of the global
financial markets.
A discussion
of market conditions and fund
performance covering the first half
of the Franklin Rising Dividends Fund's fiscal year, along with a complete list
of holdings and detailed
financial information.
A discussion
of market conditions and fund
performance covering the Franklin Rising Dividends Fund's fiscal year, along with a complete list
of holdings and detailed
financial information.
The purpose
of the audit is to measure the agency's
financial health and
market performance, among other things.
The 15 year
performance study
of 81 «professional» stock -
market timers by Hulbert
Financial Digest shows this is an extremely difficult task.
Exhibit 1 compares the
performance of actively managed equity funds across the nine style boxes during the 2000 - 2002 bear
market, the
financial crisis
of 2008, and 2015.
«Cabot's China and Emerging
Markets Report... racked up one
of the most remarkable
performances ever recorded by the Hulbert
Financial Digest.»