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

The return on the investment will be high.

Whatever we guess, it won't make the matters any clearer... We've picked a direction and walk...

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.

Invest financial assistance, but also management assistance.

The company's profitability improved.

So this is trailing 12 months.

So a plus b have to be equal to 50.

At any given price point, higher quantity demanded.

I did some quick calculations.

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

Profitable.

It's called the Extractive Industries Transparency Initiative.

And we can eyeball it right here.

And they were male and female 18 30 and they were casual fans.

We expect rapid growth of the utilities sector.

Maybe Abby made 50 and Ben earned 0.

We find for day 0 we had rain, and maximum likelihood would just say the probability for day 0 is 1.

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

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.

When? I said it's time to monetise the site.

And what's left over for the equity?

And that's what we came up with.

What does that tell us?

Target their propulsion systems.

So nobody knows how bad this bias with the official statistics actually is, so I thought I would ask the person who's spearheading the effort to generate data on this, Pascal Lamy, the Director of the World Trade Organization, what his best guess would be of exports as a percentage of GDP, without the double and triple counting, and it's actually probably a bit under 20 percent, rather than the 30 percent plus numbers that we're talking about.

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

But it might be to explicitly control the yield curve further out, so that the borrowing cost for longer debt goes down, so that the yield curve looks something like that.

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

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

So growth is the other reason why you're willing to pay a higher Price to Earnings ratio.

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

Instead of doing this present value calculation for everything, and there's so much error involved anyway, in terms of just estimating earnings, people just give a rule of thumb.

And the next one is really beautiful.

And so I'm left with net income of 350,000.

Let's compare EBlT to operating profit.