Not exact matches
Andrew Smithers, one of the few other analysts who foresaw the credit implosion and
remains a credible voice now, concurred last week in an interview with my friend Kate Welling (a former Barrons» editor now
at Weeden & Company): «The good news so far is that the stock market got down to pretty much
fair value or even, possibly, a tickle below it,
at its March bottom.
The Rule of 20 P / E peaked
at 23.4 in November 1961, troughed
at 17.0 in June 1962 and uncharacteristically
remained around the 20.0
fair value level for 30 months (between April 1963 and October 1965), until inflation picked up after 7 years oscillating between 0.4 % and 2.0 %.
As a result of this accounting change, TCIL will de-consolidate Quess and TCIL's
remaining ownership interest in Quess will be recorded
at fair value and presented as an investment in an associate company.
Under the 1996 Plan 30,000 fully vested stock options
remain outstanding and unexercised, all
at exercise prices higher than the
fair market
value of the common stock
at June 30, 2009.
For instance a car which a debtor owes 20 thousand dollars but,
at the time of filing only has a
fair market
value of 10 thousand dollars can have the bankruptcy judge declare that 10 thousand is part of the secured debt and the
remaining 10 thousand is part of the unsecured debt.
«When Coinbase's customers» trades were finally executed, it was only after the insiders had driven up the price of BCH, and thus the
remaining bitcoin customers only received their BCH
at artificially inflated prices that had been manipulated well beyond the
fair market
value of BCH
at that time.»