Managements of the companies whose common stocks are in our portfolios tend to be non-promotional and highly conservative, willing in up periods to sacrifice returns on equity and
returns on assets for safety.
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.
Furthermore, a government crackdown
on corruption late in 2017 that saw numerous Saudi business people, including notable royals, detained and imprisoned (infamously, in the Riyadh Ritz Carlton hotel) and
assets handed over to the authorities in
return for freedom could also spook investors.
What that means is that you are in an environment that is going to have further trouble in terms of investment
returns that are in areas that are based
on economic growth and areas that do relatively well like bonds... Broadly speaking, I think that investors should be looking
for lower prices
on most risk
assets in these developed countries with the exception of Japan.»
Company goals
for the first half of the year related to sales growth, inventory accuracy,
return on assets (ROA), and customer satisfaction.
In a separate decision
on Monday, a judge ruled that a lawsuit calling
for Mr. Najib to
return the money that had been transferred into his personal account, and
for seizure of his
assets around the world, could move forward.
Yields
on the securities have climbed to their highest levels in six years, and total
returns were negative 2.6 percent
for the first two months of 2018, making
for the worst start of a year
for the
asset class since 1981.
In the US,
for example, companies with at least one woman executive saw a
return -
on -
assets of 8.6 percent.
They can use options to potentially optimize
returns on capital,
for example, and to help protect their
assets from volatility that has become commonplace in the global economy.
Ditto
for debt - to - equity,
return on assets, and most other crucial measures.
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality
for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing
on additional capacity
on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States
on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand
for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand
for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty
returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default
on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses
on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable
assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods
for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance
for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report
on Form 10 - K
for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
TORONTO — The 2013 - 14 financial year was an unusually strong one
for the Canada Pension Plan Investment Board, which earned a 16.5 per cent annual
return on the billions of dollars in
assets it manages
for the national retirement system, but its CEO cautions that level of growth likely won't soon be repeated.
«We are moving forward with a continued sense of urgency
on our four strategic priorities: narrowing our focus
on clients, products, and geographies where we can grow profitably; driving
for efficiency; growing through innovation and optimizing our data
assets and client relationships; and
returning excess capital to shareholders,» he added.
«Stocks certainly look more attractive than bonds, but the case
for stocks versus other
asset classes is less clear... «So while
returns may compress from the outsized gains we have seen over the last several years, we remain constructive
on equities.
It would also lift the
return to many savers who have been receiving very low
returns on interest - bearing
assets for a decade now.
The HRC considered the fact that, despite credit write - downs in its home equity loan portfolio and a Visa - related litigation expense accrual, the Company's business performance
for 2007 was strong, as exemplified by one of the highest
returns on equity and
returns on assets in our Peer Group.
Based
on modern portfolio theory and the efficient frontier,
return is maximized
for a given level of risk through
asset class diversification.
But with faster inventory turns and no physical store
assets, Amazon's
return on invested capital is more than double the average
for conventional retailers.
Based
on Personal Capital's model portfolio recommendation
for someone my age (37), with my moderate risk tolerance and objective of a 6 - 9 % annual
return, here is the recommended
asset allocation.
And if you read through Buffett's letters it's very clear that is looking
for businesses that are in high
returns on tangible capital and I described that is every business needs working capital, every business needs fixed
assets, how well does it convert its working capital and fixed
assets into earnings?
I'm shooting
for a 8 % — 15 %
return on my investments as real estate is my favorite
asset class to build long - term wealth.
The PRC sets ranges
for the balanced
asset mix and makes tactical adjustments based
on bottom - up forecasted
returns, relative valuations and an assessment of economic and market data.
For the rest, a better approach may be seeking more modest
returns with lower volatility, via a focus
on portfolio construction, risk exposures and less traditional
asset classes.
This continuous pricing and the ability to place limit orders — means the ETF's performance
for any given time period is based largely
on the market price
return during the holding period, rather than
on the ETF's net
asset value (NAV)-- the value of the stocks held by the ETF.
Credit is SUPER tight e.g. contracting income doesn't count, only counting 75 % of my rental income, assigning only a 1 %
return on my CDs
for asset based underwriting even though they are
returning 3 - 4.2 %, etc..
For a portion of the period, some funds had expenses limitations or had been sold
on a limited basis with limited
assets and expenses, without which
returns would be lower.
For a portion of the periods, some funds had expense limitations or had been sold
on a limited basis with limited
assets and expenses, without which
returns would be lower.
The example, which illustrates a long - term average
return on a balanced investment of stocks and bonds, assumes a single, after - tax investment of $ 75,000 with a gross annual
return of 6 %, taxed at 28 % a year
for taxable account
assets and upon withdrawal
for tax - deferred annuity
assets.
That 42 % underfunding
for PERA, by the way, makes very generous actuarial assumptions about the assumed rate of
return on assets vs. the assumed payouts.
As Nobel economist (and one of my dissertation advisors at Stanford) Joe Stiglitz noted
on Friday, a good part of the reason
for rising oil prices is because the producers are already awash in U.S.
assets, and to supply significantly more oil will just force them to accumulate more low -
return assets.
Their ROICs are so low largely because we hold them accountable
for earning a
return on capital they have destroyed through
asset write - downs.
This portfolio rebalancing fits with our
asset preferences based
on our outlook
for global growth, even if the fast pace of
returns has surprised.
But when we see someone make the right call
on bigger and bigger trades
for nearly 20 years running — and deliver 30 %
returns even after charging an absurd 3 % of
assets and 35 % of profits as Cohen does — it's not envy that is the instinctive response; it's disbelief.
For calculations of cash and other investable
assets, a hybrid
return based
on holdings in cash, government bonds, equities and commodities is applied.
If our
asset and liability values are appropriate — and we believe they are — and if we can continue to deploy this capital profitably, we now think that it can earn approximately 17 %
return on tangible equity
for the foreseeable future.
«In our search
for new stand - alone businesses, the key qualities we seek are durable competitive strengths; able and high - grade management; good
returns on the net tangible
assets required to operate the business; opportunities
for internal growth at attractive
returns; and, finally, a sensible purchase price.
For all
asset classes (but focusing
on currencies), they define bad market conditions as months when the excess
return on the broad value - weighted U.S. stock market is less than 1.0 standard deviation below its sample period average.
Over the past couple of years, speculators have also used short sales of gold to obtain low cost funds to invest in other
assets —
for example, by shorting gold (borrowing it and selling it in the spot market), market participants have been able to obtain US dollars at between 1 and 2 per cent, well below the rate of
return available
on US
assets.
for sure its not ideal, and negative real
returns on fixed income
assets / cash are not the norm so hopefully it will get better / revert to mean
The Ft reports
on the sharp increase in the number of wealthy Chinese acquiring UK «golden visas» that give residency in
return for investing # 2m or more in
assets (they can apply to settle permanently after a period of three years if they invest # 5m and after two years if they invest # 10m).
Indeed, it's often a mistake to do so: Truly great businesses, earning huge
returns on tangible
assets, can't
for any extended period reinvest a large portion of their earnings internally at high rates of
return.
And EK is already stretching the limits
on how it values its pension
assets by assuming the long - term
return on plan
assets will be 8.73 %
for the life of the plan.
The
return assumptions are based
on hypothetical rates of
return of securities indices, which serve as proxies
for the
asset classes.
The
return on your investment could be an
asset with different kinds of value (
for example, marketing, defensive, offensive, funding purposes, exit strategy).
The GIC, a group of seasoned investment professionals who meet regularly to review the economic and political environment and
asset allocation models
for Morgan Stanley Wealth Management clients, expects the economy — as measured by gross domestic product, or GDP — to grow, but at below the rate to which we have become accustomed, based
on prior second - stage recoveries; stock and bond
returns will likely follow suit.
A good
return on the
assets that you own is essential
for making good investments, so the total
asset turnover is something...
The Policy Portfolio — the framework used by institutional investors to allocate
assets based
on expected risks and
returns in order to meet liabilities — has been under attack
for some time.
My average gross savings rate exceeded 50 %
for 9 years and the end result is: — 61 % of my wealth has come from saving; and — 39 % from investment
return on a balanced low expense low tax portfolio of
assets which has achieved a CAGR of 6.9 % over that period.
We see the potential
for EM stocks to again outperform in 2018
on rising profitability, higher valuations and investors
returning to the
asset class.
There are no rules because
asset price moves carry
on for unpredictable amounts of time, even if they do tend to
return to the mean over the long term.