August 24, 2001 |
Southern California Edison dug in its heels Thursday over a proposed cut-rate sale of its transmission grid to the state, but otherwise offered grudging support for a rescue package being drafted in the state Assembly. The bill, whose details keep changing, would allow the Rosemead utility to pay the bulk of its power debt by selling as much as $2.9 billion in bonds to investors. The bonds would be repaid by some Edison business customers and would leave about $1 million in unpaid obligations.
August 22, 2001 |
Insurance companies "total" millions of vehicles every year, giving policyholders a lump sum that is supposed to represent the true market value of their wrecked cars and trucks. In many cases, however, motorists charge that their insurers low-ball them. With billions of dollars at stake, determining the value of totaled vehicles can sometimes become contentious. All too often, motorists say, settlements fall far short of the prices of comparable vehicles for sale in the used-vehicle market.
April 25, 1995 |
Market value is what Wall Street thinks a company is worth. It is obtained by multiplying the current stock price by the number of shares outstanding. On the other hand, the book value of a company is what it would be worth if it were liquidated today. It's a measure of shareholder equity. It includes hard-to-measure assets such as its reputation and trademarks, often called "goodwill." The ratio of market value to book value (market as a percentage of book) usually expresses relative prospects.
August 26, 1991 |
With stocks at record heights, bulls and bears alike are straining mightily to defend their respective positions. If you want to start a fist-fight between the two camps, mention "book value." A company's book value is its theoretical liquidation value--that is, the sum that would be left for shareholders if all the assets were sold and all the bills paid off. It's essentially the net worth of the company.
July 14, 1991 |
The federal government is likely to lose as much as 40 cents on the dollar in selling its current crop of savings-and-loan assets, an investigation by The Times shows. The losses are expected to be far greater than they have been during the last two years, and are likely to add tens of billions to the current $160-billion estimated price tag for the government bailout of the ailing thrift industry. A massive computer review of the records of the Resolution Trust Corp.
November 9, 1990 |
With the stocks of many local companies floundering, now may be the time to go bottom fishing. That, at least, is the opinion of Newport Securities. The Costa Mesa brokerage has compiled a list of 15 Orange County firms whose shares are selling below the company's book value because of "exaggerated pessimism" in the stock market.