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"We believe that's the driver of underlying worth, because ultimately the return that management can generate is rewarded by the market," said Mr. Graham, who joined the fund last October.
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Apple is estimated to have avoided over £550m in tax on more than £2bn worth of underlying profits in Britain by channelling business through Ireland, according to a Sunday Times analysis, while Starbucks has paid no corporation tax in Britain for the last three years.
Ultimately, as Guba & Lincoln observed, stakeholders' assessment of an intervention's worth largely depends on how the causes of underlying problems are perceived [ 24].
The epigenetic function of some circadian components/genes have yet to be investigated, but the identification of underlying epigenetic mechanisms of circadian disruption in different carcinomas is worth further efforts.
The owners value shares at less than the proportional value of underlying assets on the theory that fractional interests in a portfolio are not worth as much to outsiders.
"There is a lot of underlying interest.
Influence of underlying malignancy.
The sense of underlying outrage was palpable.
Be aware of underlying medical causes.
In fact, starting on June 1, lenders will be able to securitize, or sell loans that are valued at more than 125 percent of the underlying home's worth, which may provide more opportunities for homeowners significantly underwater.
In one strategy, an investor owning $1 million in the convertible bonds shorted about $793,000 worth of the underlying stock.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com