With interest, he will then need to earn perhaps another $15 million or so through his stallion career to make the $50 million valuation appropriate for all involved.
Student: I've heard a lot about issues with click-through rates on various social networking sites, so if you could talk about, what you think the putative value of Facebook should be, and whether the current valuation is appropriate.
Blackstone, the giant leveraged buyout firm, took itself public in June at a valuation more appropriate to a marquee growth company than to a cyclical financial--and the stock has tumbled since.
A.I.G. says it expects to file its year-end financial statements on time by the end of this month with appropriate valuations.
Investors in technology companies in particular, "not comfortable dealing with discontinuous shifts in economic structure, are groping for the appropriate valuations for these companies," Mr. Greenspan told a conference in Boston earlier this month.
"Generally speaking, people are optimistic, but we're now at valuations that are appropriate as long as the economic and profit pictures continue to improve as they have been," said Susan L. Malley, chief investment officer for Malley Associates Capital Management in New York.
They need to be seeing and selecting the best companies, and they need to be paying appropriate valuations.
Bottom-up refers to selecting companies that we think have appropriate valuations despite the fact that they might not be a good fit for the current economic environment.
Our point is that with so many governments and central banks doing so much to soften and ease, it is almost impossible to tell what that reality looks like or how one goes about determining appropriate valuations.
For each cost category, costs are measured as the volumes of resources used multiplied with appropriate valuations (unit-costs).
