In the context of a traditional asset pricing model,
such as the Capital Asset Pricing Model (CAPM), an asset that actually delivers returns when the rest of the world is blowing up (I.e., negative beta during treacherous times), should have a negative expected return because of the diversification benefits.
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.
These struggles have left them with 22 % fewer workers than they employed a decade ago (on average), and net
capital assets (
such as factor floor space and machinery and equipment) that have shrunk 2.2 % per year on average.
Fixed
capital is the investment of the enterprise in long - term
assets such as «plant and equipment».
Dalio explained that a so - called
capital war, when a country uses its
asset holdings
such as bonds to inflict pain on its adversary, could be even worse than a trade war.
The details of the
capital requirements under Basel III are complicated, but generally speaking, deposit - taking institutions
such as Canada's banks will have to maintain tangible common equity, which includes things like cash, equal to 4.5 % of their
assets plus an additional buffer of 2.5 %, for a total of 7 %.
Certain segments,
such as warehousing, require expensive physical
assets, but it's possible to launch companies in transportation management and software development with minimal
capital.
Today at least seven small financial firms,
such as Poseidon
Asset Management, Salveo
Capital, and Emerald Ocean, are raising money to fund pot companies.
Securitized
assets such as mortgages, properties or whole businesses, are another way of reducing risk
as lenders are higher up the
capital structure, and management is restricted on what can happen to the
assets.
Millennium Wave Investments cooperates in the consulting on and marketing of private and non-private investment offerings with other independent firms
such as Altegris Investments;
Capital Management Group; Absolute Return Partners, LLP; Fynn
Capital; Nicola Wealth Management; and Plexus
Asset Management.
For companies involved in
capital intensive activities,
such as the auto companies and railroads, you are going to see much lower price to cash flow multiples because investors know that much of the money is going to have to be poured back into equipment, facilities, materials, and fixed
assets or else the firm will be hurt.
If we do not generate sufficient cash flow from operations to satisfy the debt service obligations, we may have to undertake alternative financing plans,
such as refinancing or restructuring our indebtedness, selling of
assets, reducing or delaying
capital investments or seeking to raise additional
capital.
By reinvesting dividends, interest income, and
capital gains for an entire working career of 40 + years, it would be a virtual certainty, or
as much
as such a thing is possible in a non-certain world, that the portfolio owner would retire with millions of dollars in
assets due to the power of compounding.
Part of this underperformance was due to selling during crashes and buying during booms, part of it had to do with frictional expenses
such as brokerage commissions,
capital gains taxes, and spreads, and part of it was the result of taking on too much risk by investing in
assets that weren't understood.
* «Net
Capital» means the amount by which current
assets exceed liabilities, less
such other items
as may be specified in any Guidance Note issued by the Exchange, and in determining Net
Capital:
Coupled with a lack of distributions from their existing private equity and real
assets portfolios, many of these investors were left with disproportionately outsized remaining commitments to, and invested
capital in, a number of investment funds, which significantly limited their ability to make new commitments to third - party managed investment funds
such as those advised by us.
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on
assets, return on
capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working
capital, and individual objectives
such as MBOs, peer reviews, or other subjective or objective criteria.
In the US, cryptocurrencies are classed
as property or
capital assets,
such as stocks, bonds, real estate, or gold.
Such a business may be eligible for a small business loan of up to $ 100,000 which may be used
as working
capital, for marketing and start - up expenses, to acquire fixed
assets or to buy a franchise.
They said the list of potential landing spots for SAC employees could include
such firms
as New York - based Millennium Management LLC; Citadel LLC and Balyasny
Asset Management LP, both based in Chicago; and London - based BlueCrest
Capital Management LLP, which is building up its stocks team.
LDJ
Capital (http://ldjcapital.com/) is a multi-family office that invests and manages investments for partners and clients in the areas of hospitality, real estate, energy, pharma, tech, telecom, mobile, entertainment, media, publishing, advertising, compliance services, aerospace, shipping & transportation, and more recently digital
assets,
such as cryptocurrency and blockchain firms through ICOs.
Companies can use Supernodes in many flexible ways,
such as creating their own securities - related infrastructures for situations like raising
capital or safely managing the
assets of clients.
Lenders don't often require
capital assets,
such as real property or equipment, to secure a LOC.
A
capital expenditure (CAPEX) is money that is spent to buy, repair, update, or improve a fixed company
asset,
such as a building, business, or equipment.
This discussion applies only to U.S. holders of shares of HP Co. common stock who hold
such shares
as capital assets within the meaning of Section 1221 of the Code (generally, property held for investment).
For companies with a strong credit rating and advanced, verifiable financial reporting (
such as receivable and payable summaries), Liquid
Capital's
Asset - Based Lending (ABL) solution provides an excellent financing option that is more cost - effective, creative and discreet than anything else in the marketplace.
Sale of
capital assets such as property, gold, and bonds: in this case, the Capital Gains Tax is charged at the same rate as that of the investor's or the taxpayer's income tax sla
capital assets such as property, gold, and bonds: in this case, the
Capital Gains Tax is charged at the same rate as that of the investor's or the taxpayer's income tax sla
Capital Gains Tax is charged at the same rate
as that of the investor's or the taxpayer's income tax slab rate.
Businesses that are acquiring commercial real estate may have additional financing needs
such as working
capital, equipment needs or some form of
asset - based lending (ABL).
Kelly Escobedo is Managing Director at Blue Haven Initiative, where she is responsible for overseeing the deployment of
capital across the family office's
asset classes, from traditional equities and direct investments to real
assets,
such as real estate.
Income from
Capital Gains: Income from sales of capital assets such as mutual funds, shares, land, house property
Capital Gains: Income from sales of
capital assets such as mutual funds, shares, land, house property
capital assets such as mutual funds, shares, land, house property, etc..
Manufacturers» new orders for non-defense
capital goods (tangible
assets such as buildings, equipment, and machinery), excluding aircraft, fell for the second consecutive month in January.
Fixed income investments
such as bonds and commingled bond funds offer investors the opportunity to purchase an
asset that may increase in value while also paying out fixed interest payments or
capital distributions.
While lenders do not typically require business owners to pledge
assets in the form of
capital,
such as property, they will require the collateral in the form of inventory, accounts receivables, and more.
If your company has
assets to leverage,
such as accounts receivables, inventory, equipment, and real estate, an
asset - based lender typically can help access
capital.
In addition, Fed commentary alone had caused real global
capital to recede from QE beneficiary risk
assets such as emerging market equities, bonds and currencies
as well
as precious metals, commodities and developed economy fixed income vehicles.
Historically, it has been normal for
such periods to be associated with firming commodity prices and,
as a result, a tendency for international
capital markets to find Australian - dollar
assets attractive.
When more money is printed, gold has traditionally been a beneficiary, for two key reasons: 1) If the money - printing is accompanied by economic growth, greater access to
capital might boost demand for luxury items, including gold (the Love Trade); and 2) If the money - printing isn't accompanied by economic growth, inflationary pressures might prompt investors to increase their exposure to real
assets,
such as gold (the Fear Trade).
It was perhaps only a matter of time for Bitcoin to be endorsed at
such an event
as major hedge fund investors have already begun divulging
capital into digital currency
assets.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors,
such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel,
such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional
capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our
assets pledged
as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Private equity and venture
capital can be much higher - yielding investments than common
asset classes
such as Treasuries and equities, but for the most part, only accredited investors can participate.
Guided by a disciplined approach to
capital allocation and aggressive
asset management, the Company partners with premium brands
such as Marriott, Ritz - Carlton, Westin, Sheraton, W, St. Regis, Le Meridien, The Luxury Collection, Hyatt, Fairmont, Four Seasons, Hilton, Swissotel, ibis, Pullman, and Novotel in the operation of properties in over 50 major markets worldwide.
Further, under the current tax system,
capital gains tax is due on the appreciation of
assets,
such as real estate, stock, or an art collection, only when the owner «realizes» the gain (usually by selling the
asset).
She also would be able to make binding recommendations on the district's budget, and have to approve certain
capital improvement contracts and any sale of public
assets such as school buildings, Zebrowski said.
A new Yale - led study tackles this challenge by recognizing the value of «natural
capital»
assets —
such as groundwater or fish species — and connecting them with holistic ecosystem management to calculate
asset values for the interacting parts of an ecosystem.
The whole physiognomy of capitalism has changed, with finance
capital requiring a parallel accumulation of political power, with financiers married to an unchecked political oligarchy spawning highly parasitic fanancialized forms of capitalism
such as asset - stripping.
It is leveraging on the intangible
assets that a community already has, which is any combination of social
capital, access to natural resources, cultural
assets, human
capital such as local leadership, stakeholder
capital and indigenous knowledge.
They consider the use of the balance sheet by stakeholders; the key component elements of the account and how it is calculated; the importance of working
capital and liquidity; how and why financial accounts are window dressed; how and why non-current
assets are depreciated using the straight line method and finally it evaluates non-financial measures of business success
such as the triple bottom line by Elkington and the growing importance of social accounting.
ClaaS is designed to help schools: · Maximise their budget with savings that can amount to
as much
as 40 percent when compared to an outright purchase · Release
capital from their existing IT
assets to help finance their new ClaaS subscription · Receive ongoing servicing, training and maintenance which is covered by the agreement, ensuring schools and teachers get the most from technology · Add more equipment and services
as and when required · Potentially include other equipment and services
such as; tablets, PCs, printers and Wi - Fi from other best of breed suppliers · Build in a regular refresh to ensure they always have the latest learning technology · Be flexible: choose a convenient term length (for example: 3, 4 or 5 years) with the ability to renew the contract, negotiate a new contract or end the contract at the end of the original term Jane Ashworth, UK Managing Director, SMART Technologies commented: «We are thrilled to announce Crystalised
as our third distributor in the UK, effective October 1st.
It aims to expand in places that have characteristics hospitable to clusters,
such as significant talent density, parents who demand innovation, high concentrations of financial
assets to fuel experimentation, and «cultural
capital,» an ephemeral influencer effect that can provide a lift in branding micro-schooling
as the next big thing.
The problem with this strategy, though convincing in theory, is that there is little incentive for the heads to do so on the current model, which provides inadequate
capital for the development of
such arrangements, and constrains these trusts in important ways from attracting and deploying the resources necessary for sustainable school improvement,
such as constraints on the pooling of General Annual Grant funding, accumulation of surpluses, borrowing (whether secured against
assets or on funding agreements), deployment of
capital, and acquisition and disposal of fixed
assets — all inhibit chains from deploying resources where they are needed most.