Word: discounted
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...revealed expurgated versions of my life, about term papers handed in late and the unchaperoned party, enough so that she wouldn't completely discount me as a dork sitting alone every Saturday night. We made it through adolescence without disaster and have entered a period when the perils of parenting have given way to the joys of it. And I've yet to tell her what I really did during the '70s. My own mother was fond of sighing deeply and saying, to explain anything I didn't like, "You'll understand when you have a child of your...
Despite the cheaper fares--and a Thanksgiving discount that reduces the price for Harvard students to $6--students said they are not using the shuttle because its schedules are not convenient...
...country funds," whose shares trade freely on the New York and other stock exchanges. Closed-end fund prices are governed purely by supply and demand, so they frequently trade above or below the underlying value of the stocks in the portfolios. Today the average country fund trades at a discount of 15%. Now, that's a bargain. Not since 1990 has the average discount to net asset value on country funds been so large, a reflection of investors' strong preference for U.S. stocks at the moment. But "if you can find a country you like, and a fund...
Alas, that socialist holdout otherwise known as the Harvard Coop will not offer any discount to its student "members" for the third consecutive year. I would take the opportunity to rail against this decision by Coop President Jeremiah P. Murphy Jr. '73, but such invective would prove futile. There is no hope that the Coop can or will turn a profit. The store's business "strategy" is, of course, the fault of its managers. But any such entrenched bureaucrats with zero financial incentive to improve performance would likely do the same thing that the Coop does: maintain...
...will change. She sees global expansion as the path to new growth, especially for the company's Franprix and Leader Price supermarket businesses. With 420 stores in the Paris area, Franprix is one of the largest grocers in France. Lewis is betting the house, however, on the leader price discount chain, which sells merchandise for 30% to 40% less than the competition and is growing by 50 to 60 outlets a year. Beatrice plans to have 500 leader price stores open by 2001, perhaps several in the U.S. to pay for that expansion, say insiders, the company may have...