Bank of America will still have mortgage woes which are keeping its stock below its supposed book value.
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The larger problem is that the threat of investigation and potential prosecution for successfully competing in high-tech markets almost certainly discourages innovative and competitive activity that antitrust laws are supposed to value.
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But in the world of class actions, the arbitrage between the price of a desperate lawyer loaded down with student loans and his supposed market value can make for a hugely profitable opportunity.
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Subsidising the vocational qualifications that employers say they value is supposed to guide people towards training that will lead to better jobs and higher pay.
Gold is supposed to have a constant value.
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Because that is what they are supposed to do: maximise the value of the corporation for its owners.
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Gold is supposed to act as a store of value during inflationary times.
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If you simply saved money after 1971, you stood to get killed as the dollar lost value against things it was supposed to be able to procure in the future.
Even if you are able to convert points or miles into cash, how are you supposed to factor in the possibility of the value of these points or miles changing overnight?
You are supposed to declare as income the fair market value of the services rendered to you. (If you later share sales proceeds with the charity, that would be a deductible contribution.) There are at least two different ways to account for the improvements, one dicey, the other less so.
This unlocking of value occurs for a variety of supposed reasons, my favorite having been the fact that the more focused firms are easier to understand and analyze more thoughtfully: All else being equal, increased clarity leads to better analysis, more likely by industry experts, which boosts confidence and in turn leads to higher valuation metrics.
He presumably would have done so by relying on a special IRS "safe harbor" rule relating to the taxation of a service partner's receipt of such interests, but that rule emphatically does not apply to an interest when sold to a retirement plan, which is supposed to be measured by its true fair market value.
Industry thrives because it does what it is supposed to do: offer something someone wants for a price worth the value offered in exchange.
But 407p isn't likely to be seen by the National Audit Office, the watchdog that is supposed to prevent the government wasting taxpayers' money, as the true book value of the government's stake.
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Both end up at the same value, and both have dropped 0.25%, when they are supposed to be inverses of one another.
More than that, fashion is just the sort of thing Britain is supposed to be good at in this post-industrial age: creative, high-value-added, cluster-based.
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