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To find those bargains, Greenblatt uses earnings yield, which essentially shows "how much a business earns relative to the purchase price of the business".
He says Apple uses earnings to finance Apple retail stores around the world, among other activities.
Just as a private pension fund uses earnings on its assets to pay benefits, the Social Security system can use earnings from this trust fund to pay benefits.
Meanwhile, the Bureau of Land Management and the Oil Spill Research Program would be cut by at least fifteen per cent; Interior's Land and Water Conservation Fund, which uses earnings from offshore oil and gas drilling to protect and restore federal public lands, would be cut by two-thirds; and research on clean energy would be cut by more than seventy per cent.
The two variables the strategy uses: earnings yield and return on capital.
Rather than using a company's reported earnings, as is done when calculating ROA, however, Greenblatt uses earnings before interest and taxes (EBIT), so that debt payments and taxes don't obscure how well the firm's actual operating business is doing.
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I first look at the price-earnings ratio for a stock, using earnings estimates for 2001.
The companies will have to top off their pension funds using earnings.
Those who use earnings momentum strategies can make a profit by reacting more quickly.
"They are using earnings to step up their exploration and development".
She aimed to use earnings from that profession as a springboard to nursing school.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com