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The conclusion is that positive equity value is greater than zero equity value.
It was $1.6 trillion in equity value, not $2.8 trillion.
Assuming this pace continues, HCA should create equity value over time.
(Macmillan was the last, after Sargent learned that potential damages could far exceed the equity value of the company).
In 1950 the company went public, and today "it has an equity value of $10 billion, Mr. Critelli said.
That represents an adverse impact to equity value in a sum of the parts of 100p plus".
And the loss in equity value in the main businesses would dwarf any operating losses in running any I.P.L. team.
"It would remove the opportunity to create equity value in the leased business and would negatively impact the management, operation and valuation of the entire group," he said.
"We had already missed the first major fallout in private equity value before we ever wrote the first check," said John Grillos, portfolio manager for meVC.
No income is expected from KS in this financial year and the agency is also starting to see the equity value depreciate.
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"Many of our top recruits are choosing between high-equity-value companies, including Google, eBay and Yahoo".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com