Word: cheaping
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Dates: during 2000-2009
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TIME: With stocks down so much from their highs, is the market cheap...
With the Segway, Kamen plans to change the world by changing how cities are organized. To Kamen's way of thinking, the problem is the automobile. "Cities need cars like fish need bicycles," he says. Segways, he believes, are ideal for downtown transportation. Unlike cars, they are cheap, clean, efficient, maneuverable. Unlike bicycles, they are designed specifically to be pedestrian friendly. "A bike is too slow and light to mix with trucks in the street but too large and fast to mix with pedestrians on the sidewalk," he argues. "Our machine is compatible with the sidewalk. If a Segway hits...
WEITZ: We had a 25-year bull market where stocks got systematically inflated, and we've had only a year and a half of squeezing that out. I don't think they're especially cheap. If you had to buy today and hold for five years, it might turn out O.K. But I don't think you automatically get 10%-a-year returns from here...
...chasm from the early adopters to the majority? At this point, I would say no. The product is trying to fill a gap between walking and driving, but in big cities, this gap has already been filled by taxis, subways, buses, bicycles and rollerblades. If the Segway were as cheap as bicycles and rollerblades, then its technological advantages and the fact that it’s self-powered might help, but at $3,000, it’s a tough sell. Kamen should be able to make a living selling the Segway to businesses and visionaries, but the product will...
...unable to dictate the terms of surrender, making it easier for Omar to go on the lam and perhaps emboldening bin Laden in his game of hide-and-seek. "You get what you pay for," says an Army officer. "When you fight a ground war on the cheap, you can't always get what you want...