This forced the professionals that managed these funds to sell off stocks that they knew were worth substantially more
than the current market price in order to come up with the cash for those who wanted out of the fund.
Not exact matches
This purchase part of the contract will specify either an agreed - upon purchase
price — which can be higher
than the
current market value, depending on the length of the rental agreement — or include details of when and how the
price will set
in the future.
HelloFresh sold 31 million new shares
in an initial public offering, giving it a valuation around 1.7 billion euros at
current prices — more
than double the $ 888 million (763 million euro)
market capitalization of struggling Blue Apron (aprn).
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth
in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures
in European countries that may increase the amount of discount required on Gilead's products; an increase
in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger
than anticipated shift
in payer mix to more highly discounted payer segments and geographic regions and decreases
in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations
in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations
in Gilead's earnings;
market share and
price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering
prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials
in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations
in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates
in the timelines currently anticipated; Gilead's ability to receive regulatory approvals
in a timely manner or at all, for new and
current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta
in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes
in its stock
price, corporate or other
market conditions; fluctuations
in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time
in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
And now that the time for revisionist history has arrived, and strategists no longer have to serve a political agenda and scare investors and traders into voting with their wallets, the research reports calling for precisely the outcome that we expected are coming
in fast and furious, starting with none other
than Goldman, whose chief strategist David Kostin issued a note overnight
in which he says that «the equity
market response to the election result will be limited» and adds that «our year - end 2016
price target for the S&P 500 remains 2100, roughly 2 % below the
current level of 2140.»
Whatever is the
current cause of the rise of
prices in the housing
market, when computed as the mortgage cost
in labour time
in terms of the average weekly salary, residential properties, with the exception of the 1988 - 1991 period, are now clearly less affordable for middle - class Canadians
than they were for the last five decades.
(f) by causing Retrophin to enter into the Yaffe Consulting Agreement, as a result of which Retrophin paid $ 200,000
in cash and issued 15,000 shares to Yaffe, resulting
in a benefit to Shkreli of more
than $ 600,000 (at
current market prices).
As a result of these agreements, Retrophin paid out $ 2.8 million
in cash and issued 11,000 Retrophin shares, and Shkreli diverted an additional 47,610 Retrophin shares for the benefit of himself and his MSMB Funds, resulting
in a benefit to him and to them of more
than $ 4.5 million (at
current market prices).1
(i) by causing Retrophin to commence a litigation against Doe
in order to coerce Doe into giving Shkreli Doe's Fearnow Shares, and by causing Retrophin to enter into a settlement with Doe whereby Retrophin paid $ 100,000 and Doe delivered 50,000 shares to Shkreli, resulting
in a benefit to Shkreli of more
than $ 1.4 million (at
current market prices).
(d) by causing Retrophin to pay cash to himself, Biestek, and Fernandez so that he would not have to invest $ 731,778 of his own funds
in the February PIPE, and by using PIPE proceeds
in contravention of the terms of the Securities Purchase Agreement to fund investments by Shkreli, Biestek and Fernandez, resulting
in an additional benefit to Shkreli alone of $ 360,000
in cash and 180,000 Retrophin shares and warrants worth more
than $ 5.3 million (at
current market prices).
As a result of these agreements, Retrophin paid out $ 200,000
in cash and issued 581,000 Retrophin shares, resulting
in a benefit to Shkreli and his MSMB Funds of more
than $ 17.3 million (at
current market prices).
(j) by causing Retrophin to enter into a settlement with Jackson Su whereby Retrophin paid $ 107,638 and Shkreli received 126,388 shares, resulting
in a benefit to Shkreli of more
than $ 3.7 million (at
current market prices).
To do so would either create massive hyperinflation (devaluation) of our
current fiat currency, massive swings (politically rather
than market driven)
in the
price of the metal, or create such a high conversion rate as to be nearly meaningless.
While most industry pundits continue to believe that the OPEC cuts / shale growth tug - of - war will continue to cap oil
prices, the
current mood
in the
market is a bit merrier
than it was two years ago, one year ago, or even one month ago.
With more
than 40 years of experience
in resource investment, and an insiders view of the mining industry, Rick Rule is
in a great position to see the
market currents that could lead to much higher
prices for raw materials going forward.
With a stock
price that is down YTD, another firm could step
in and acquire MFRM at a value that is much higher
than the
current market price.
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high
price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for
market losses, particularly given that the
current bull
market has now outlived the median and average bull, yet at higher valuations
than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other
market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness
in the ISM Purchasing Managers Index
in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
The Fund invests
in growth stocks, which may be more sensitive to
market movements because their
prices tend to reflect future investor expectations rather
than just
current profits.
Our proven stock trading strategy is based on trading either side of the
market by simply reacting to
current price action
in front of us, rather
than making predictions about
market direction.
we can't even get rid of players that have barely mannered to us for several years... which is incredibly annoying considering that our beloved owner would never risk his own financial resources whether he brought
in some new blood or offloaded several failed Wenger projects for less
than market value... he would simply make a little less and the burden would fall squarely on other sources of income, primarily us... I don't know about you but I would gladly use all the money they have been stockpiling to rid ourselves of those that don't meet acceptable standards and to replace them with a few higher
priced gems... I know, I know, Wenger and his minions have been scouring the globe for years now to find anyone that was as good as our
current lot to no avail, but I've just got to believe there must be two or three guys somewhere out there that can play this crazy game
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 hydropower is provided at rates that are more
than 50 percent less
than current wholesale
market prices in the State.
The difference is that a stock option plan gives the employee the option to buy the stock at a particular
price — a
price that may be lower
than the
current price of that stock
in the open
market.
Otherwise, there's little else to wary of here — the ravages of time have been remarkably kind to the 370's shape, particularly with this NISMO model's new styling enhancements, and though some new competitors have come to
market since the
current generation debuted
in 2009, this car still occupies a fairly vacant space on the sporting car spectrum — that of a naturally - aspirated, rear wheel drive two - seater with more firepower
than the FR - S / BRZ twins — and a
price that starts just north of thirty grand.
And given the
current market for e-readers at less
than $ 100 a pop here
in the USA, we can expect excellent
prices as well!
When the Vancouver condo
market turned
in 2008 many pre-sale buyers found themselves with a contract
price that was much higher
than the
current value of the unit.
As a seller, you should be prepared to accept less
than your asking
price if the offer is still
in the acceptable range for comparable properties and reflects a realistic assessment of
current market conditions.
Many argue that renting here — particularly
in the two hottest
markets, Toronto and Vancouver — is a far better choice
than buying
in at
current housing
prices.
For instance, when the Vancouver condo
market turned
in 2008 many pre-sale buyers found themselves with a contract
price that was much higher
than the
current value of the unit.
As described
in my introduction to the concept of the MCTWI,
in times of high valuation your stock
market investments are actually worth less
than their
current price.
Are the
current large
market leaders enjoying higher stock
prices simply because of their position as larger weights
in the overall
market funds (into which vast sums of money are pouring every month), rather
than because they are good profitable companies with fair valuations?
Net -
Current - Asset Value We feel on more solid ground in discussing these cases in which the market price or the computed value based on earnings and dividends is less than the net current assets applicable to the common
Current - Asset Value We feel on more solid ground
in discussing these cases
in which the
market price or the computed value based on earnings and dividends is less
than the net
current assets applicable to the common
current assets applicable to the common stock.
It is not uncommon to see informed investors, such as a company's own officers and directors or other corporations, accumulate the shares of a company
priced in the stock
market at less
than 66 % of net
current asset value.
In this screen, NNWC doesn't have to be less
than current market price.
As described
in my introduction to the concept of the MCTWI,
in times of high valuation (like today) your stock
market investments are actually worth less
than their
current price.
An
in the money put option refers to a put option with a strike
price that is higher
than the
market's
current price for the security.
I filtered out ADRs, non-US companies, companies
in the miscellaneous financial services industry category (to mainly filter out closed - end funds), stocks trading below $ 2,
market caps less
than $ 433 million (approximately matching the average cut - off Tortoriello used), and companies that did not have a
current fiscal year earnings to
price ratio due to missing data.
So, for example, if there is a manufacturing company whose
current stock
price is less
than the total
market value of all its assets including plant, machinery, land, cash
in bank, etc, then it qualifies as an undervalued stock.
EPS will need to increase from $ 3.46
in 2009 to more
than $ 6 by end of 2010 to justify the
current market price.
Based on many studies covering a wide range of regions and crops, negative impacts of climate change on crop yields have been more common
than positive impacts (high confidence)... Since AR4, several periods of rapid food and cereal
price increases following climate extremes
in key producing regions indicate a sensitivity of
current markets to climate extremes among other factors (medium confidence).
Of course, whether the Prius pays for itself
in the
current market uncorrected for externalities is a different question
than whether it would pay for itself once you accounted for the
price of gas if it included all the environmental costs and much of the cost of the Iraq War (which, even if not directly about oil, is really pretty much about oil
in the sense that it is what makes that whole region of important strategic interest to us).
GreatPoint told CNET
in August that it can produce its natural gas product «bluegas» at about $ 4 per million BTUs (British thermal units), lower
than the
current market price of nearly $ 7 per million BTUs.
The use of a standardized range would be objective
in the sense that it would cover a range of potential
price outcomes (both higher and lower
than prevailing
market prices) and provide a useful supplement to
current reserves guidance provided by SMOG.
Agrello is raising 10,000 BTC (around US$ 26.4 million
in current prices) for its initial coin offering or ICO, wherein users can acquire «shares» of the company at lower
than market value.
The Apple Watch will carry a starting
price tag of $ 349, higher
than most of the Android Wear - based smartwatches available
in the
current market.
Our tech pulls
in the best
prices from all trust worthy online retailers more
than once per day so you can be sure that all of the
prices on this page are
current and
market leading.
The company did not provide much
in the way of explanation for the increase, other
than stating, «The new
pricing reflects the
current market conditions while enabling us to continue providing exceptional value to our members.»
Everything else seems not extraordinary, and
in a way, lesser
than what one might expect
in the
current market for that
price.
How do I handle requests for such references?Thank you so much for your help!CherylCHERYL M. EARLE3407 Old Dobbin Road, Montgomery, Alabama 36116 - 1903Home Phone: 334-215-3706 Cell Phone: 334-233-2631 Fax: 334-273-0477 E-mail:
[email protected] position managing legal discovery and document review with opportunity to assist attorneys with civil litigationBAR ADMISSIONAlabama State Bar, 1999LAW - RELATED EXPERIENCELaw Firm, AlabamaResearch Attorney for Special Projects, Mass Torts Department, November 2001 — February 2008 • Managed Multi-District Litigation (MDL) Document Depository (September 2002 to February 2008) o Reviewed more
than 1 million pages of evidentiary documents for litigation purposes and for inclusion
in electronic databaseso Coordinated document review assignments with attorneys at local depository and at other sites across the USo Retrieved, reviewed and coded documents
in Concordance and Summation legal databaseso Prepared memoranda and spreadsheets providing detailed analysis of discovery materials • Aided attorneys and support staff with processing and preparation of personal injury claims and litigationo Conducted legal research and drafted pleadingso Conducted supplementary online research for additional documents and information pertinent to litigationo Assisted with preparation of correspondence to clients and referring attorneyso Contacted clients for additional information needed
in case preparation, litigation, and potential settlementso Prepared and input case intakes and referrals into databaseLaw School, AlabamaStudent Intern, Alabama Disabilities Advocacy Program (ADAP), August 1996 — June 1997 • Participated
in law school clinical program under third - year law student practice rule (as authorized by Alabama Supreme Court) o Assisted attorneys and advocates
in cases involving mentally ill patients confined to state mental health facilitieso Interviewed clients
in person (at state facilities) and over the phoneo Worked with clients, attorneys, and social workers to investigate and resolve issues concerning involuntary confinement and treatmento Aided
in legal research on an appellate brief submitted to the U. S. Court of Appeals for the Eleventh Circuit (ruling granted
in favor of our client) Faculty Research Assistant for Library Services, Bounds Law Library, March 1996 — June 1997 • Prepared research and teaching materials for law school faculty; worked 20 hours per week while matriculating 10 - 15 hours per semester) o Investigated copyright issues related to procuring and reproducing texts for academic useo Conducted legal research using WESTLAW, LEXIS and the InternetADDITIONAL RELEVANT EXPERIENCEManufacturing Company (MC), Montgomery, AlabamaAdministrative Assistant and Cost Analyst, Materials Purchasing Department, April 1999 — September 2001 • Assisted materials buyers
in negotiating and preparing commodities contracts between raw materials suppliers and MC for manufacturing plants
in the US and Mexicoo Assisted Legal Department at MC's corporate headquarters with coordination and preparation of documents for litigationo Notified and educated suppliers about MC's freight - on - board policy and its corresponding Uniform Commercial Code (UCC) provisions; result was the reduction of freight claims for both the company and its supplierso Prepared contracts and purchase orders for raw materials and capital projects involving plant maintenanceo Solicited
price quotations from
current vendors and established Excel spreadsheet format which simplified quote submission process and allowed MC to track and compare usage volumes and costs over timeo Prepared and analyzed cost reports used by materials buyers and production planners
in purchasing decisions, including cost reductions, materials consolidation, and selection of vendorso Acted as liaison between vendors and the Purchasing, Transportation and Accounting Departments on issues concerning inbound freight, commercial carriers, and payment terms for commodities, resulting
in reductions
in freight costs and greater payment discounts for raw materialso Established online databases and printed directories for the Purchasing Department, allowing buyers to have easier and faster access to
current vendor informationo Completed Year 2000 (Y2K) compliance project, which involved data collection and communication with MC's past, present, and potential materials suppliers and service providersNot - For - Profit Organization, AlabamaAdministrative Assistant, Combined Federal Campaign, September 1998 — January 1999 • Aided Campaign Director with 1998 Federal Campaigns (CFCs)
in City 1 and City 2, which together generated nearly $ 700,000 for more
than 1,000 local, national and international charitieso Prepared weekly reports on donations using WordPerfect, Microsoft Word, Excel and dBase IVo Wrote script for Talent Showcase at City 1's 1998 CFC Kickoffo Assisted Director with merger of the City 1 and City 2 CFCs
in 1999Regional Bank, AlabamaAdministrative Assistant, Year 2000 (Y2K) Department, March — June 1998 • Worked with Vice President of Corporate Projects on short - term project for the bank's Y2K Departmento Analyzed and processed data on Y2K readiness for all branches of Bank throughout the southeastern USo Organized meetings for personnel of Banko Communicated with vendors of computer hardware, software, and office equipment to request information on Y2K complianceo Prepared compliance files for Federal Reserve auditso Prepared
in - house memoranda and reports using Microsoft Word and ExcelRecord / Music Promotion Company, AlabamaRecord Pool Co-Founder; Office Manager, September 1990 — December 1991 • Co-founded record pool to enhance promotion of music
in Alabama and the southeastern USo Procured and distributed records from major and independent labels for club, radio and mobile disc jockeyso Coordinated jointly sponsored promotional events with record companies, radio stations and clubso Designed, wrote, and published bi-weekly reports and brochures to inform the music industry of the progress and popularity of music and performers
in the region, with specific focus on the Alabama music sceneMajor University, AlabamaGraduate Research Assistant, AUM Department of
Marketing, June 1989 — August 1990 • Worked 13 - 20 hours per week as a research assistant to
Marketing faculty while carrying a full course load
in the MBA programo Analyzed consumer surveys used
in academic researcho Assisted Conference Chairperson with coordination for Atlantic
Marketing Association (AMA) annual meeting (October 1989) o Co-authored five - year index and classification of AMA Proceedings (published Fall 1991) EDUCATIONLaw School, AlabamaJuris Doctor (JD), 1997 • Scholarshipso Seybourn H. Lynne Scholarship, 1996 - 97o Dexter C. Hobbs Memorial Scholarship, 1995 - 96o E. W. Godbey Memorial Scholarship, 1994 - 95 • Honorso Who's Who Among American Law School Students, 1996 - 94o Arthur Davis Shores Award, 1997 • Activitieso Frederick Douglass Moot Court Team Manager, 1996 - 97 Southern Regional Competition, Second Place National Competition, Eighth Placeo John A. Campbell Moot Court Competition, Spring 1996o Black Law Students Association Delegate, BLSA National Convention, 1997 Co-Chairperson, Public Relations Committee, 1996 - 97 Chairperson, Public Relations Committee, 1995 - 96 BLSA President's Award, 1996 and 1997o American Bar Association, 1996 - 97 Entertainment and Sports Industries Forum Intellectual Property Section Law Student Divisiono LAWS Student Group Leader, 1995 - 96Major University, AlabamaMaster of Business Administration (MBA), 1990Bachelor of Science
in Business Administration (B.S.B.A.), 1988 (Major:
Marketing — Advertising and Promotion Track) • Honorso Dean's List • Activitieso National Student Advertising Competition Team, 1988 - 90 Seventh District Competition: Third Place, 1990o
Marketing Club, 1987 - 90 Vice President — Career Development, 1988 - 89o Public Relations / Advertising (PR / AD) Club, 1988 - 90 Charter Member, 1988 Active
in fund - raising and membership driveso Theater Guild, 1988 - 90 Screening Committee, 1989REFERENCESAvailable upon request
There is a huge shortage of inventory and even when people try to low ball new listings and then «walk» because the seller won't come down I end up hearing their cries months later that they can't find anything better
than the deal they were trying to squeeze a couple K out of, and the fact that the
current deals are even worse... Appraisals are slow to catch up to some of the hotter
markets which is keeping
prices from shooting up super quickly, but if you run some of the numbers I'm seeing values going up 20 %
in particular areas over the last year.