Yet he has a reputation for competence and common sense, and seven of the party's eight factions backed him.
Today ARMs are only a small part of the market, but here's the surprise: Most don't adjust for five or seven years and can make sense for older refinancing homeowners with lots of equity.
After a leveraged buyout a borrower will typically have debt (bonds plus bank debt) equal to four to seven times operating profit (in the sense of earnings before interest, taxes and depreciation).
With enterprise value (stock plus debt minus cash) at just seven times operating income (in the sense of Ebitda), O-I is in line with another big packager, Crown Holdings (95% of it metal), and is cheaper than Ball Corp.
With enterprise value (stock plus debt minus cash) at just seven times operating income (in the sense of Ebitda), O-I is in line with another big packager, Crown Holdings (95% of it metal), and is cheaper than Ball Corp. (nyse: BLL - news - people ), whose enterprise multiple is nine.
But if you are prosperous (assets in seven figures) and concerned about estate taxes, it could make sense to buy whole life, a.k.a. permanent life.
Still, in that backdrop you can buy it at only one times revenue, seven times trailing earnings and three times cash flow (in the sense of net income plus depreciation).
"It was such a gamble that it defies common sense, really, " says Jackson, who has spent the past seven years creating the trilogy.
The Arabic-speaking Brennan, who was once CIA station chief in Saudi Arabia, in a sense became the "case officer" for the Yemen "account, " traveling to Yemen seven times since al Qaeda in the Arabian Peninsula sent the so-called underwear bomber to try and bring down Northwest Flight 235 over Detroit on Christmas Day 2009.
Thirty-seven years ago, when the first leaguewide television contracts were negotiated, life on the dole made a lot of sense.
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