In contrast, Apple is trading more like a value stock right now.
相比之下，苹果如今更像是一只价值股。
Or we note the ownership life cycle as a former growth stock such as Microsoft (MSFT, news) ages toward a value stock, losing one type of investor as it picks up another.
我们注意到，过去的成长型股票，例如微软，成长为一只价值股的生命周期中，会失去一类投资者，转而由另一类投资者持有。
The Contrarian Strategy implies buying the "value stock" which is priced too low and selling the "glamour stock" which is priced too high.
证券市场中的反向策略是指购买价格被低估的“价值股票”和抛售价格被高估的“热门股票”。
Non par value stock is not allowed in China as there must be a specified par value.
在中国，无票面金额股票是不允许的，必须有一个确定的票面金额。
Beyond that, switching from being a growth stock to being a value stock can be a long and painful process.
除此之外，从成长型股票变成价值型股票，可能是一个漫长而痛苦的过程。
The doctrine of capital maintenance generally implements the par-value stock and forbid-discounting stock.
资本维持原则普遍采取“票面金额”制和禁止折价发行等股票发行制度。
These differences are called premium and discount, respectively, for par value stock. However, shares are rarely issued at a discount.
对有面值的股票来说，这些差额分别称为溢价和折价，但股份很少折价发行。
When par value stock is issued, the Capital stock account is credited with the par value of the shares issued, regardless of whether the issuance price is more or less than par.
在发行有面值的股票时，不管发行价格高于或低于票面值，按发行股份的票面值贷记股本账户。
Currently, low risk appetite co-exists with low interest rates, the market trend opportunities still have to wait, but the value stock wheeled market is still expected to continue.
目前，低风险偏好与低利率并存，市场趋势性机会仍需等待，但价值股轮动行情仍有望延续。
William Lazonick, "The Quest for Shareholder Value: Stock Repurchases in the US Economy".
来源：威廉 ·拉佐尼克“追求股东价值：美国经济中的股票回购”。
William Lazonick, "The Quest for Shareholder Value: Stock Repurchases in the US Economy".
来源：威廉 ·拉佐尼克“追求股东价值：美国经济中的股票回购”。
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