Word: dollarized
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Dates: during 2000-2000
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...brands are screaming buys, selling at huge discounts to the market. In the 21st century, things are different. Consider, for instance, how Wall Street values P&G's sales compared with those of a dotcom retailer. P&G's price-to-sales ratio: $2.12 of stock per dollar of sales. The same dollar's worth of Tide, say, sold through Priceline.com costs shareholders more: $26.11, based on Priceline's recent close of $94. And to own a dollar-size piece of the sales at fledgling dotcom grocery Webvan, you'll have to spend $228.67 on stock. P&G will earn...
Chris Whittle, Edison's founder and CEO, is staking his company's future on its ability to slash administrative costs. For every dollar in a typical school's budget, 20[cents] to 30[cents] goes to administration. Edison spends around 16[cents] and plans to cut that to 8[cents]. "The money we save on central costs goes to the schools, and a portion goes to the bottom line," Whittle says. His goal is a 7%-to-8% profit margin. "If we were simply going to cut overall costs," he notes, "we would not be viable." Whittle puts the magic...
...AFTER THE WEDDING] Lost her job, but million-dollar offers to pose nude could pay the bills...
Coupled with the million dollars Robinson has pledged to spend, he would have half of Kennedy's war chest--without working to raise a dollar...
...percent in a day and think their good fortune is forever. Liu, wisely, would take his gains and sell, regardless of whether the stock was on the rise. After a while, Liu says, the money is just numbers on the screen. You forget the value of a dollar. Since the New York Stock Exchange runs from 9:30 a.m. to 4 p.m., day trading is a full-time job. "It takes nerves of steel, and you can't be shy about losing money. You need to invest...