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Exact(11)
It is hard to value, and buying and selling incurs high transaction costs.
The change is so important, often world-changing, that it is hard to value, so people overshoot toward the infinite.
It is hard to value mortgage securities because few bonds have traded hands since the credit crisis began in late July.
Before it is cut into gems it is hard to value the diamond, but Gem Diamonds said a similar weight stone with lesser-quality colour and clarity had recently sold for $12m£6.5m5m).
According to Morgan Stanley, ETFs have sold 249 tonnes of gold this year, compared with the 14 tonnes of reserves that Cyprus is able to sell.Gold, having no yield or earnings, is hard to value.
The end result is to create a complex company with a small float that is hard to value and that will have no control over its main asset, something that would never happen in a large-cap transaction.
Similar(44)
Online consumer companies are big and flashy, but they generally stake out new territory that is harder to value.
Second, much of British investment abroad is direct ie, buying companies, starting new ones, reinvesting the profits—and that is harder to value than portfolio investment.
But pollination provides a further, supporting service to plants of no direct economic significance: this is harder to value.
Derivatives are hard to value.
Royal Mail was always going to be hard to value.
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CEO of Professional Science Editing for Scientists @ prosciediting.com