THE best businesses take unpromising inputs and conjure from them a stable stream of profits.
All Mr. Bass needs for that to work is a healthy stream of profits.
ESPN's stream of profits likely have something to do with that.
Low inflation and corporate restructuring justify today's premium, because they promise a greater and more reliable stream of profits.
And the steady, predictable stream of profits generated by the dominant local telephone company in the Southeast.
Then, the insurance companies will have carved for themselves a steady stream of profits from mandated insurance without bearing much of the corresponding risks.
The Conservatives have been "spinning off a stream of profits to their friends" and handed over the NHS to "corporate bloodsuckers", she added.
Second, that TEPCO, the power supplier for Tokyo and the north-east, needs a steady stream of profits to compensate those whose lives were affected by the nuclear accident at Fukushima.Neither argument is persuading.
Diversification, these firms hope, will help them to exploit their expertise and brands and perhaps to generate a more stable stream of profits that may allow them to float on the stockmarket one day.
Mr. Wright specifically cited the sales of DVD's as a business he said was providing such a reliable stream of profits to motion picture companies that he had rescinded his previous reservations about the volatility of the movie business.
