The company's price-earnings ratio of 39.5 to one is too high compared to the accepted 11 to one at the prevailing market condition . On the other hand, its return on equity-at 2 %-is too low compared to those of most companies at 7 % to 10 %.
32.
The company's price-earnings ratio of 39 . 5 to one is too high compared to the accepted 11 to one at the prevailing market condition . On the other hand, its return on equity-at 2 %-is too low compared to those of most companies at 7 % to 10 %.
33.
First Empire and President Michael Belfiore were fined $ 40, 000 in December 1994 for selling government agency securities to three customers at prices " that were not as favorable as possible under prevailing market conditions, " according to the firm's disciplinary history filed with the New York Attorney General's office.
34.
Yesterday's announcement also discouraged the financial institutions from relying on the cost-plus formula in determining interest rates but rather the interest rate structure should be " streamlined to reflect the liquidity conditions in the market as the term structure of interbank and lending rates no longer reflected prevailing market conditions ".
35.
Instead, Continental said in a statement Thursday, it expected to lose " hundreds of millions of dollars " in 2004, on top of its previous losses . " Continental must adjust its costs to a level that will let it prosper and grow, " said the airline, based in Houston . " Otherwise, it will have no prospect of returning to profitability under prevailing market conditions ."
