There is, however, a good chance that the market will slowly begin to revalue the company for what it is: a retailer with a lot of cash, a competitive edge and, if all goes as planned, growing profits.

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Profits this year planned to be used to expand the next year can be significantly reduced by current period taxes.

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Last month, Time Warner reported a rise in profits but said revenues at Time Magazine had fallen 7%, adding that it planned to restructure the business.

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He'd have to come up with profits much faster, in two to three years, half the time he had originally planned.

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She needs the backing of state governments for contentious planned reforms: a national school curriculum, changes to the financing of the health system and a tax on mining profits.

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