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Mostostal Export's shares are valued at seven times earnings, less than half the norm for Polish companies in similar industries.
Now, they sell for 8 to 11 times earnings, less than the typical dividend-paying electric utility, he said.
The company said the restatement would change revenues less than 1percentt each year and earnings less than 6 cents a share.
During an October conference call announcing the firm's most recent quarterly earnings, less than two weeks before the firm filed for bankruptcy, Mr. Steenkamp reassured analysts that MF Global was on stable ground.
In addition, each of these stocks has a dividend yield greater than 3% and a payout ratio (dividends as a percent of earnings) less than 75%.
At the end of the period the index was trading at 7 times trailing earnings, less than half the historical average of 16.
Similar(41)
Many U.S. companies use tax maneuvers, including sheltering some foreign earnings abroad, to pay less than the full rate.
Murchie avoids MLPs whose reported earnings don't exceed their dividends even though industry executives protest that earnings mean less than cash flow, or earnings before depreciation and other noncash charges.
At $21 a share on the U.S. ADR market, BAE is selling at eight times estimated 2011 earnings and less than four times earnings before interest, taxes and depreciation.
The $3 billion market capitalization is 16 times likely 2009 earnings and less than 5 times the earnings Stora had a few years back.
But that doesn't mean the pay gap disappeared - at every level of academic achievement, women's median earnings are less than men's median earnings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com