The reason why you are willing to pay a higher Price to

But for our sake, let's just say that when you give the widget, you have earned the money that they give you, and that's revenue sales.

In proportion as the sales increase, the profit will rise.

So let's say the revenue or the sales in this case in a given period, let's say that this is an income statement for 2008.

The return on the investment will be high.

At any given price point, higher quantity demanded.

And actually, this guy, even if the top line, even if the revenue grew the same and the operating profit grew the same, because of his leverage he would actually grow a

Why wouldn't I just pour all of my money?

It looks like our profit is jumping all over the place.

And you're going to pay a lower Price to Earnings ratio if the company isn't growing.

The company's profitability improved.

And it has been a powerful marketplace differentiator, increasing sales and profits.

Fair enough.

So this is trailing 12 months.

In the 17th century, a woman named Giulia Tofana had a very successful perfume business.

And so you're almost ready.

So a plus b have to be equal to 50.

But if you look here, by giving the same price to earnings, because they're the same business.

But you married him.

Profitable.

To maximize revenue. And why? Revenue to the artists?

Where they start to diverge is below that line.

So my operating profit is really my profit because I don't have to pay taxes on it.

And most of the time, there's no backup for the reported revenues at all.

Invest financial assistance, but also management assistance.

And we can eyeball it right here.

Maybe Abby made 50 and Ben earned 0.

A successful presentation of a play.

Let's say that we don't know that they're truly equal.

I did some quick calculations.

Fastestgrowing women's fashion magazine in the country.

Because when someone says earnings, are those the earnings last year?

That's what we're seeing across the bottom billion at the moment.

And what's left over for the equity?

Tonight I am pleased to announce that ENCOM's last fiscal year was our most profitable ever.

Minus 50,000.

The earnings I just said, this is actually what happened to the company.

Sometimes we're profitable. Sometimes we're not.

ElectriCity.

So this one's worth a little bit more, because it's earning a little bit more money.

And the first one is that this whole idea about revenue stream, Steve, I get it.

So now we switched places.

So let's look at them over the course of one year.

So notice.

Everything on this line would be a valid combination of