Management of these companies has, over time, caused the value of assets it has acquired to decrease so much that the cumulative value destroyed exceeds the value of all their assets currently.
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The majors charge an annual "wrap" fee on the value of all assets -- including no-loads -- of 1% or more, which is pretty expensive.
Their pay and assets will not appear to fall in numeric terms as inflation pushes up the value of all the things they need to buy, whilst pegging their income and assets value to a never rising floor.
When Reagan took office in 1981 the market value of all American assets--stocks, land, crops, houses, commercial buildings, capital equipment, cars, collectibles, precious metals, etc.
In the past taxpayers generally had to pay the IRS the total value of all their assets plus 60 times their net monthly income after using the IRS strict allowable expense standards.
"It all hinges on the future value of these assets, " says Mac Irvin, chief financial officer for Sungevity, an Oakland, Calif. solar startup.
The issue of valuing hard-to-value assets has hovered over all sorts of investment funds holding illiquid assets ever since the credit crisis hit financial markets.
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According to our methodology this stock is cheap, and we do think there is as yet untapped value in all of the quality assets housed under the CKX umbrella.
Somehow, all those assets simply had to be worth more than the market value.
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Smart leaders will recognize the value of information and manage it like all other assets on the balance sheet.
The Price to Book ratio is a formula that represents the most recent share price of a company compared to its book value per share (the residual dollar value for common shareholders after assets are liquidated and all debtors are paid).
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But in 2012, total financial assets are nearly 10 times the value of the global output of all goods and services.
Buffett has commented on the excellent management of his favorite bank, Wells Fargo, ranked fourth in assets, but first in market value of its common stock of all U.S. banks.
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Well, if you're a bank, that's a big problem, because if the value of your assets is falling and you have to start doing all these write-downs, you know, you can't lend as much because banks have capital requirements.
Though it ranked fourth in assets, it is also the first in market value of its common stock of all U.S. banks.
Confidence is returning - and so are international investors, attracted no doubt by bargain-value assets and the belief that precious lessons about moderation and propriety have been learned all round.
Advisers who charge assets under management (AUM) want to manage all your money even though they may not be the best value or best suited for the task.
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