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"A large percentage of the gains were due to healthy customer flows and reasonable bid-ask spreads".
Our private sale reservation rate since 1 July is currently 5% ahead of the same period last year which is a reflection of the continuation of healthy customer demand".
In every railway system, maintaining a healthy customer base is an essential part to every network's future.
"The firm will continue to benefit from healthy customer traffic as value-conscious consumers turn to the deep-discount chain for low-priced daily necessities," said Morningstar analyst Zoe Tan in a note.
Blue Apron meals aren't ridiculously expensive, but definitely aren't cheap, so it needs to make sure it has a healthy customer base that can afford to buy it on a recurring basis.
However that amount is often not sufficient to hit the requirements that early-stage investors require for bigger, pre-A raises (often requiring completed pilots, sales, a healthy customer pipeline, proof of accelerating user acquisition).
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Bear in mind that private health insurance only works if insurers can sell policies to both sick and healthy customers.
"If you don't raise your prices with surgical precision," Mr. Richter said, "you can chase away your healthy customers and be left with the sicker people".
Starting in 2014, they must accept all applicants and can no longer make money by selecting healthy customers and excluding the sick.
Left with a sicker patient base, the P.P.O. raised its premiums further, which prompted the next layer of relatively healthy customers to leave.
The banks in question must be injected with enough capital to ensure they can meet the macroeconomic objective of maintaining normal levels of profitable lending to healthy customers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com