Word: bargained
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...much market is there? According to Chew, Thais eat pizza an average of once every 50 days. "If they come in once a month or every five weeks, then we have 50% growth,'' he says . That might be a Pollyannaish projection for Thailand where pizza isn't a bargain meal. A large Super Supreme, Pizza Hut's best seller, goes for about $6.25. A bowl of noodles at a street stall costs about 70. "I can get 10 Thai meals for the price of one pizza,'' says Fon Janyasathien, a school counselor...
That's a tricky bargain. A big increase risks losing the support of some of the bill's strongest supporters, including Daschle, whose defection would give plenty of other Democrats the cover they need to bolt. (It was so much easier for Democrats to oppose soft money before they became as good as Republicans at raising it.) Big increases in the hard-money limits, where Republicans still have an advantage, would make any claims of reform a sham. Says Senator Paul Wellstone: "It puts even more big money into politics...
Macro issues aside, many stocks now trade at bargain prices. Sell now and you risk selling at the bottom. Ironically, a lot of tech stocks now trade higher relative to this year's earnings than they did even before the slide. So they still look expensive. But that's because near term earnings assumptions are falling faster than the stock price. If the earnings slump is temporary, as it most likely will be for blue-chip firms like Intel and Microsoft, the near term outlook should be ignored if you are a long-term investor. A better metric...
Investors who see those falling stock prices and think "bargain" should think again. Few industry leaders expect business conditions to improve much this year. Phone companies "are really conserving their capital because of the severe downturn in the economy," says Clarence Chandran, Nortel's chief operating officer. Nortel is a one-company bear market. The world's No. 1 producer of fiber-optic systems, Nortel accelerated the industry's slide and NASDAQ's sell-off last month by abruptly slashing its 2001 forecasts and declaring that it would idle 10,000 employees, or nearly 10% of its work force...
...That's a tricky bargain. A big increase risks losing the support of some of the bill's strongest supporters, including Daschle, whose defection would give plenty of other Democrats the cover they need to bolt. (It was so much easier for Democrats to oppose soft money before they became as good as Republicans at raising it.) Big increases in the hard-money limits, where Republicans still have an advantage, would make any claims of reform a sham. Says Senator Paul Wellstone: "It puts even more big money into politics...