In a reasonable base-case scenario, with a 1% CAGR for earnings over five years and margins deteriorating to 2002 levels, we still find 22% average upside for our three stocks.
A positive resection margin deteriorates local control significantly [28, 45].
"We expect Zale shares to trade down as gross margins should deteriorate over the course of the year".
"As competition has intensified and margins have deteriorated, companies are trying to put up barriers to protect their positions," said Mr. Tai, whose firm has invested about $2 billion in technology start-ups since 1970.
In a carefully worded reprimand, Mr. Loeb outlined what he called "chronically weak operating margins and deteriorating competitive position relative to Christie's," Sotheby's main rival, and said he was not persuaded by management's explanation for why Sotheby's market share was lower than Christie's.
Mr. Thorndike sells shares when a company's profit margins begin to deteriorate or its revenue growth slows.
But in 1998, gross margins began to deteriorate rapidly and had tumbled to 3.6% by this year's first quarter, and then to minus 4% in the third quarter.
And building out any transport service before it can get to that scale is extremely capital intensive — as Uber has demonstrated — which would deteriorate those margins even further.
The average of 15 points on the localised, deteriorated margins was recorded as mean vertical loss of marginal degradation.
Unfortunately, the uptake of data fails to deliver in financial terms: revenues continue to fall for VodafoneGroup, meanwhile margins have severely deteriorated.
