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Olney was heartened by this especially since Europe on a 30-year 12-month forward price-to-earnings basis trades at a discount of 16% to the U.S. which is double the long-run average of 8%.
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And Denver Health said it will evaluate each patient "on a case-by-case basis" and discount bills by 70% for those unable to pay.
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During weather events, airlines in the US typically waive change fees, offer refunds and provide meal or hotel vouchers or discount coupons on a case-by-case basis.
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On a price to tangible book value, BAC stacks up well against its competition on a valuation basis, and trades at a bigger discount to tangible book value than all but Citibank.
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On a price-to-book basis, shares currently trade at 1.34x, a 47% discount to the industry average of 2.53x.
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Korean giant Samsung is offering its entire line on a two-year installment basis at zero interest -- an effective discount of 20% based on current financing costs.
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We now expect a 25-basis-point cut in the Federal funds rate and discount rate on Dec. 11.
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The truth is, we subject ourselves willingly to these kinds of things on a regular basis, with medical tests, at the tailor, in open the dressing rooms of discount stores.
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