Despite the unforeseen fall in oil prices in 2014, the Conservative government, with a lot of slight of hand (reduction in contingency reserve, selling GM
shares at fire sale prices, optimistic economic and oil price assumptions), produced a budget that financed all of its pre-election promises, while still leaving a surplus of $ 1.4 billion in 2015 - 16 rising to $ 4.8 billion in 2019 - 20.
Not exact matches
Past looks
at the value of GE's individual businesses — also known as a «sum - of - the - parts» analysis — cast doubt on whether a
fire sale of GE's assets would even fetch today's
price at $ 13.28 per
share.
These included overly optimistic economic growth and oil
price assumptions; cutting the contingency reserve by two - thirds; selling
shares in GM
at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.
I'm hoping that the company was able to deploy some of its cash and buy back a good number of
shares today
at these
fire -
sale prices.