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In December 2007, UBS announced a $10 billion markdown of its portfolio as a result of "continued deterioration in the US sub-prime mortgage securities market, partly driven by increased homeowner delinquencies but mainly fuelled by worsening market expectations of future developments," so problems with valuations of the bank's mortgage positions may have been apparent to its management.
They announced a tour.
UBS may announce markdowns of $11 billion for the first three months as early as this week, the analysts said.
Some customers won't buy without a markdown.
Neither marital status nor sexual orientation should determine who gets a markdown on socks.
The site didn't say whether its $249.99 price tag was a markdown.
They have a store that sells baby clothes at a markdown.
And happy hours at bars are, similarly, framed as a markdown from the regular price.
If Ratner saw his new acquisition at the SBC Center, he might have asked for a markdown.
"By pulling merchandise from the store, you've now dramatically lessened the likelihood that you'll take a markdown".
Mr. McClung, the manager, said, "We have to see if there's going to be a markdown".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com