Word: assets
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...eight dedicated and talented singers. While the Fallbacks are all business in rehearsal, though, their interactions reveal a close-knit group. Fallback Maria A. May ’06 cites the group’s “good energy and tight friendship” as their biggest asset. Members even stuck around after an intense practice session to help Neil K. Mehta ’06 prepare his solo for the impending Krokodiloes audition before setting off to share a meal in Annenberg...
...corporate shell. He has used such "backdoor listings" at home by buying a mango packer, shifting part of his meter business to it and renaming it Holley Science and Technology. For his U.S. debut, he chose a struggling, NASDAQ-listed California firm called American Champion Entertainment. Its main asset was a kids' TV show, Adventures with Kanga Roddy, about a karate-kicking marsupial. Wang paid $5 million in early 2001 for a controlling interest. Two months later, NASDAQ delisted the firm for having too low a share price, and it now trades, under a new name, as a penny stock...
Thursday’s suit, filed in federal district court in Maryland, comes in response to Templeton Asset Management’s initial suit filed on Jan. 29. That lawsuit alleges that the University was employing “strong-arm investment tactics” to further a “self-serving, short-term agenda” potentially at the expense of other investors in the funds...
...result, open-end funds trade at full value, while closed-end funds can also trade above or below the asset value...
...closed-end funds tend to trade below the asset value, called a discount. Many analysts say this situation is due to fees paid to fund managers that drain value from the fund...