The company's profitability improved.

So this is trailing 12 months.

So basically Republicans who make more than 250,000 dollars a year don't want to be taxed.

So a plus b have to be equal to 50.

Profitable.

Invest financial assistance, but also management assistance.

But it's going to continue to grow.

And we can eyeball it right here.

Maybe Abby made 50 and Ben earned 0.

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

And what's left over for the equity?

Starbuck. Starbuck, buck, buck, buck, buck, buck, buck, buck.

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

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

Fill that bag up with books and put it back.

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

So notice.

Everything on this line would be a valid combination of

Abby earned 10 more than Ben.

And why don't you like them as much?

So the price would be 100.

Another type of revenue model is licensing.

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

So let me switch colors just to ease the monotony.

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

Back, back

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

What does that tell us?

It's just a faster way of saying

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

W wait!

So now we add an interesting line.

This is really important to pay attention to, because so many people say, oh, a company made this much.

And we add back the interest, at least in this example, we get to an operating profit number.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

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

But I just want to give you the gist of what's happening.

They're going to make 0.35 in 2009 as well.

And that's because they have the same exact asset.

Let's compare EBlT to operating profit.

It's time to monetise the thing.

And how they were going to create demand was through search ads, social media, stadium promotions.

We talked about the potential ways to charge

The return on the investment will be high.

So you say, they both deserve a price to earnings of 10.