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This appears profitable only because each round of investment creates demand for the products of the previous round.
It further defended the value of its business, saying that "each investor's investment in our funds appears profitable".
"Furthermore, based on market prices at the time of their investment and today, each investor's investment in our funds appears profitable".
If China's capital spending appears profitable, it is only because each stage of investment creates artificial demand for the products of the previous stage.So Mr Pettis and Mr Sumner are divided on China.
Because ASM already appears profitable this quarter, say a few cents per share, it will almost certainly improve upon the $1.44 per share recorded in 2007.
Similar(55)
With significant annualized alphas of 10.14% and 12.66%, respectively, the momentum and term structure strategies appear profitable when implemented individually.
Given the latest news, I called Mr. Barofsky to see if he had any regrets about his earlier pronouncements now that the rescue of A.I.G. appeared profitable.
The firm often declines to bid for contracts with big upfront costs or risks it cannot control, even if they appear profitable.
Enron, the energy giant, filed for bankruptcy in December 2001 after years of accounting tricks could no longer hide billions in debt or make failing ventures appear profitable.
Shell's plan is to drill at least six exploratory wells over the next three years, and if the gas reserves appear profitable, it will start production with at least 1,500 wells several years later.
The filing also noted that one former employee in the accounting department said superiors had told her to do "whatever it took" to make projects appear profitable and to meet Wall Street estimates for the company's earnings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com