Word: eighteenfold
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...contemplating the frothier realms of the market should be getting nervous. Indiabulls, a financial-services firm that hopes to profit as wealthier Indians buy more stocks, has seen its shares quintuple since last fall, while shares of Pantaloon Retail?a chain of clothing stores, malls and supermarkets?have risen eighteenfold in two years as investors bet on the spending power of the Indian shopper. But such gains are less a reflection of unlimited promise than of limited supply, with investors bidding up the few stocks that offer a way to play these trends...
There is no guarantee that MEA's recovery will last. Chartering planes is expensive and cuts into flight profits. Since the Israeli attack, Lloyd's has increased MEA's premiums for war-risk coverage eighteenfold, and has imposed a ceiling on what it will pay henceforth: a maximum of $8,150,000 each for no more than two airplanes. Lloyd's is imposing similar conditions on Israel's El Al and all other airlines operating intensively in the Middle East area...
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