A common theme I hear is that the rental car business is a shitty one. I think this is mainly due to the fact that the problems of AVIS, Hertz and Europcar are very public, but the success of Enterprise is not. On a P/E basis, both Hertz and Avis have traded at similar multiples...
Four main conclusions were brought to light;(i) The lack of a coherent definition of the Quality factor impose selection bias; (ii) There are tendencies towards flight to Quality – the risk-adjusted returns in excess of the market is mainly generated in down markets and over longer periods;...
[00:20:37] Eric: Ah, that's a really interesting definition. [00:20:40] Volker: Yeah. You spark a lot of discussions. If you tell that your friends, and if you're asking your friends, some might agree, some might disagree, but at least it will run into an interesting discussion...
Accordingly, the grant of a profits interest should not result in any taxable income to the recipient because the granted profits interest, by definition, has no liquidation value at the time of grant. Like a grant of equity or an option, a profits interest may be fully vested ...
adapted to the population and set to 20 deg/s, was then applied on each axis. The arm was considered active if at least one analytical representation exceeded the defined threshold. The arm activity time (in seconds) was the duration of arm activity according to this definition during the re...
The cheap stocks are those companies, which are REALLY capital-intensive. Clearly, RWE and EON need to continuously reinvest into their huge power stations or they will not be able to produce any electricity soon. On the other hand, Deutsch Börse is basically a market making software with ...
We arrive at family resemblances, rather than precise definitions. In this latest volume, we find papers from 12 countries. There is no shared definition of “Corporate Social Responsibility”, or indeed of “Innovation”. As with the previous volumes, there is no indication that the ...
These studies, however, have a number of limitations: (1) the definition of an abnormal SAECG was either determined empirically or was derived from relatively small study groups [1–4]; (2) the assignment of the cause of unwitnessed death to cardiac arrhythmia was done by the investigators ...
(1979) proposed the moment magnitude scale, MW, directly connecting the seismic moment with the earthquake magnitude, resulting in a uniform behavior for all magnitude ranges. This definition turns MWinto the most reliable magnitude accurately describing the size of the earthquakes. Due to the ...
In breast cancer patients, we found a slight increase in sensitivity. SPECT/CT had a significant effect on clinical management because of correct downstaging and upstaging, better definition of the extent of metastases, and a reduction in further diagnostic procedures....