1 Sometimes, over a span of many years, a business will continue to grow, generating ever-increasing amounts of cash, repurchasing stock, paying increased dividends, reducing debt, opening new stores, expanding production facilities, moving into new markets, etc., while at the same tune its stock price remains stagnant (or even falls). When this happens, the average and professional investors alike tend to overlook the company because they become familiar with the trading range. Take, for example, Wal-Mart. Over the past five years, the retailing behemoth has grown sales by over 80%, profits by over 100%, and yet the stock price has fallen as much as 30% during that timeframe. Clearly, the valuation picture has changed. An investor that read the annual report back in 2000 or 2001 might have passed on the security, deeming it too expensive based on a metric such as the price to earnings ratio. Today, however, the equation is completely different—despite the stock price, Wal-Mart is, in essence, trading at half its former price because each share is backed by a larger dividend, twice the earnings power, more stores, and a bigger infrastructure. Home Depot is in much the same boat, largely because some Wall Street analysts question how fast two of the world’s largest companies can continue to grow before their sheer size slows them down to the rate of the general economy. Coca-Cola is another excellent example of this phenomenon. Ten years ago, in 1996, the stock traded between a range of﹩36.10 and﹩54.30 per share. At the time, it had reported earnings per share of﹩1.40 and paid a cash dividend of﹩0.50 per share. Corporate per share book value was﹩2.48. Last year, the stock traded within a range of﹩40.30 and﹩45.30 per share;squarely in the middle of the same area it had been nearly a decade prior! Yet, despite the stagnant stock price, the 2006 estimates Value Line Investment Survey estimates for earnings per share stand around﹩2.16 (a rise of 54%), the cash dividend has more than doubled to﹩1.20, book value is expected to have grown to ﹩7.40 per share (a gain of nearly 300%), and the total number of shares outstanding (未偿付的,未完成的) has actually decreased from 2.481 billion to an estimated 2.355 billion due to the company’s share repurchase program. This passage is probably a part of______.
A. Find Hidden Value in the Market
Become Richer
C. Get Good Bargains
D. Identify Good Companies
Linux中一种常用的引导工具是 (8) ;在Linux操作系统下安装网卡,如果操作系统没有内置的驱动程序,那么用户必须 (9) ,才能完成驱动程序的安装;为一块设备名为eth0的网卡分配IP地址和子网掩码的命令是: (10) ;如果不打算使用DNS或者NIS进行地址解析,则必须将所有的主机名都放入文件 (11) 中;测试与IP地址为165.113.1.170的网关是否连通的命令是: (12)
A. 用ifconfig命令配置网卡
B. 手工修改‘/dev/eth0’文件
C. 手工安装驱动程序且重新编译Linux内核
D. 重启操作系统
甲公司2009年的年度利润总额400万元。年度收入总额为1000万元,其中包括但不限于:销售货物的收入600万元;接受的财政拨款20万元;国债利息收入30万元;银行存款的利息收入50万元。2009年度甲公司共支出600万元,包括但不限于:公益性捐赠30万元;向公司的股东支付股息、红利共70万元,赞助支出20万元。 请根据新的《企业所得税法》的规定,回答本案涉及的下列法律问题。 甲公司的支出中,在计算应纳税所得额时允许扣除的有( )。
A. 向公司的股东支付股息、红利
B. 赞助支出
C. 甲公司实际发生的与取得收入有关的成本、费用
D. 甲公司转让资产的净值和转让费用