Matthew Higgs and Chelsea's Friedrich Petzel Gallery celebrate the multiple
values of books as they appear either directly or indirectly in art.
The marketplace will define
the value of a book as readership grows, or doesn't.
Not exact matches
In the opinion
of the Company's management, adjusted
book value per share is useful in an analysis
of a property casualty company's
book value per share
as it removes the effect
of changing prices on invested assets (i.e., net unrealized investment gains (losses), net
of tax), which do not have an equivalent impact on unpaid claims and claim adjustment expense reserves.
That means weighting stocks in an index by qualities such
as earnings, cash flow, dividends and
book values rather than the sheer size
of their market caps.
The
book has more
of a consumer - goods angle, but many
of the ideas explored — such
as measuring customers» lifetime
value — also apply to business - to - business settings.
According to the International Business Brokers Association, a company's
value is determined by a compilation
of factors such
as sales, earnings, performance, market outlook, personnel, net
book value, and the fair market replacement
value of equivalent operating assets.
The
book is filled with examples
of how large companies like Apple, Haier, Google, IKEA, and Nike have managed to stay in touch with their core
values, even
as they've grown massive.
whose net personal assets exceed in
value the minimum amount
of S$ 2 million (or its equivalent in a foreign currency) or such other amount
as the Exchange and the
Book Depository may prescribe in place
of the first amount; or
Therefore, if you purchase shares
of our Class A common stock in this offering, you will experience immediate dilution
of $ per share, the difference between the price per share you pay for our Class A common stock and its pro forma net tangible
book value per share
as of September 30, 2010, after giving effect to the issuance
of shares
of our Class A common stock in this offering.
Goodwill is recorded
as part
of accounting
book value, but often ends up getting written down if the acquisition underperforms expectations.
Dilution in pro forma net tangible
book value per share to investors purchasing shares
of our Class A common stock in this offering represents the difference between the amount per share paid by investors purchasing shares
of our Class A common stock in this offering and the pro forma
as adjusted net tangible
book value per share
of our Class A common stock immediately after completion
of this offering.
Indeed, the
book values of the S&P 500 and Dow Industrials have declined over the past year,
as assets continue to be written down.
This is one reason why the S&P 500 trades at a price /
book value ratio
of nearly 6, compared to a historical norm below 2.0: companies have created virtually no underlying shareholder
value by retaining earnings rather than paying them out
as dividends.
You could,
of course, use points from a fixed
value travel card that offers «travel credit» like the Barclaycard Arrival Plus, but
booking through the Chase Ultimate Rewards portal is often just
as good.
Ultimate Rewards associated with a Sapphire Reserve has the same transferability
as those earned with the Sapphire Preferred or the Ink Preferred, but when
booking travel directly through the Ultimate Rewards Travel Portal, you'll net an increased
value of each point.
Based on his studies during the 1960s and his practical experience in the early 1970s, Milken was determined to focus, first, on future cash flow rather than the past
as reflected in
book value and reported earnings; and second, to consider human capital part
of the balance sheet.
The weighted harmonic average
of closing market price divided by the most recent reported
book value for each security in the fund's portfolio
as calculated for the last twelve months.
I think
of the economic
book value as the no - growth
value of the business or the
value of the business if existing profits stay flat forever.
As a rule
of thumb, we suggest that the product
of the multiplier times the ratio
of price to
book value should not exceed 22.5 (this figure corresponds to 15 times earnings and 1 1/2 times
book value.
Economic
Value Management has been selected
as a Featured
Book Recommendation or «Recommended Read» by numerous publications including, among others, Harvard Business School's HBS Working Knowledge, CEO Refresher, Directors Monthly, Global CEO, The Corporate Board, The Institute
of Chartered Accountants in Australia, Valuation Issues, On Philanthropy, Accounting Today, Cost Management, and The Journal
of Accounting and Finance.
I also find it fascinating that so many
of the great Investors find similar
value in much the same authors, such
as Benjamin Graham and his brilliant
book, The Intelligent Investor.
We argued that the market had experienced a multi-year process
of de-rating,
as stock prices languished while corporate cash flows and
book values had multiplied, and had become inexpensive in absolute and relative terms.
Dell's net cash, its finance business at
book value and the cost
of recent acquisitions, which Dell says are doing well, add up to almost $ 13 a share,
as Southeastern points out.
We argued that the market had experienced a multi-year process
of de-rating,
as stock prices languished while corporate cash flows and
book values had multiplied, and had...
The purchase price is approximately 2.5 times the net
book value of CDI
as at October 31, 2014.
Based on government valuations, companies deciding to renew their concessions under MP 579, such
as Eletrobras, would be forced to receive indemnity payments
as much
as 50 % less than the
book value of their assets.
Even
as the shares dipped down below the 1.2 times
book value threshold during both January and February
of this year, if you base it on a buyback price calculated on Berkshire's
book value per share at the end
of 2015.
As with our pay - for - performance model, operating cash flow is replaced with: (i) tangible
book value for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) funds from operations for REITs, with the exception
of Mortgage and Specialized REITs.
The reviews and reviewers
of Vitaliy Katsenelson's «Active
Value Investing» and «The Little
Book of Sideways Markets» are not nor have ever been clients
of Investment Management Associates (IMA), and their comments should not be taken
as testimonials
of IMA's management.
Adjusted
book value, a measure
of the company's net worth, was $ 93.55 per share
as of Mar 31, 2018, up 15.3 % year over year.
For 1.6 times 2015
book value, versus its own valuation
of 1.4 times, Coli will add 50 per cent to its land bank in top tier cities, such
as Beijing and Shenzhen, where land is increasingly scarce.
When we suggested US Bancorp (NASDAQ: USB) to Squawk Box
as our favorite large cap, that was because
of the operational excellence
as opposed to the stock price, which trades above 2x
book value.
«3 presidents are in the
book: 2 help illustrate the
values at the heart
of ethical leadership; 1 serves
as a counterpoint.
I further urge all
of the other quasi-analysts that look to silver
as «nothing more than a byproduct»
of giant copper, zinc, and lead mining operations might want to consider whether the notional
value of the paper «hedges» carried on the
books of the bullion banks might not represent the ultimate discounting mechanism.
3 presidents are in my
book: 2 help illustrate the
values at the heart
of ethical leadership; 1 serves
as a counterpoint.
As of its latest balance sheet the Fed was reporting a
book value (net worth)
of $ 40.4 billion.
The Russell 2000
Value Index is a subset of the securities found in the Russell 2000 selected based on a «probability» of value as measured by their relative book - to - price (B / P) r
Value Index is a subset
of the securities found in the Russell 2000 selected based on a «probability»
of value as measured by their relative book - to - price (B / P) r
value as measured by their relative
book - to - price (B / P) ratio.
As you can see from the chart, on average the impact
of changes in the stock's underlying fundamentals (e.x.
book value or earnings changes) makes up more than 100 %
of the change in valuation spread!
Typically, it connotes the purchase
of stocks having attributes such
as a low ratio
of price to
book value, a low price - earnings ratio, or a high dividend yield.
Value stocks: companies that appear to be underpriced based on a number
of fundmental factors, such
as low price - to - earnings and price - to -
book ratios or high dividend yield
The official publication
of the Christian Booksellers» Association recently carried an article on trends in religious publishing which predicted more
books on homosexuality «down the road (maybe five years or so)» and noted that just
as there has been evidence
of more compassion toward divorced persons, «Christians in the future will be saying homosexuality is still wrong but God loves homosexuals and
values them
as persons» (Bookstore Journal, January 1976).
Non-canonical
books may be
of great
value, but they have not the same authority or
value as the canonical.
For many the use
of the set services
of the Christian Church,
as found in the traditional prayer
books, can be
of great
value.
But the
value of the
book lies in the interpretation
of Jesus» teaching
as a whole, and this interpretation becomes more rather than less convincing if we ascribe to Jesus himself more
of the Gospel content than Professor Bultmann is ready to do.
In his
book The Neoconservatives (1979), Peter Steinfels described those on our side
of the barricades
as «counterintellectuals,» people who move in the intellectual world but who do not share that world's dominant sense
of alienation and estrangement from the ideas,
values, and institutions
of the middle - American majority.
Obviously, any idea
of inspiration which implies equal
value in the teachings
of Scripture, or inerrancy in its statements, or conclusive infallibility in its ideas, is irreconcilable with such facts
as this
book presents.
Evangelicals tend to have a
value system that fits a widely held Asian desire for order and success, he writes in his
book, adding via e-mail that Lin is being lifted up
as an example
of those
values.
Never - the-less, without accepting the work at face
value, it is possible to regard the
Book of Mormon
as the product
of an extraordinary and profound act
of the religious imagination.
Far from transcending the «biasing» particularities
of biographical experience, in conformity to some positivist notions
of «
value freedom» and «objectivity,» the academic contributions
of each
of the scholars studied in this
book were profoundly shaped by early childhood experiences, distinctive personality traits, and,
as noted above, particular theological or atheological visions,
as the case may be.
The second thesis
of my
book was that homosexuals, rather than being somehow a menace to the
values of society and the family,
as Christians have tended to assume, have,
as a part
of God's creative plan, special gifts and qualities and a very positive contribution to make to the development
of society (cf. also my article «Homosexuality, Lesbianism, and the Future: The Creative Role
of the Gay Community in Building a More Humane Society,» in A Challenge to Love: Gay and Lesbian Catholics in the Church, edited by Robert Nugent [Crossroad, 1984]-RRB-.