Word: pegged
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...earnings prospects of market leaders like Nortel will improve rapidly. Factoring in a recovery, analysts estimate that Nortel will earn 58[cents] a share in 2002. On that estimate, its P/E is 24. Not bad for a company expected to grow 25% annually. That translates to a 0.96 PEG ratio, which is a measure popular with growth-stock investors. The PEG is the P/E divided by the growth rate. Under 1 is cheap. Put another way, they like the P/E to be lower than the long-term growth rate...
...profitable market leaders, a PEG up to 1.5 is fair, and by that standard a bunch of big names--Cisco, Oracle, Nokia, Verizon, Intel--are in the zone, even based on this year's depressed earnings. The risk in looking at things this way is that the earnings picture can sour further, and even long-term growth rates erode. So some money managers lop 10% off consensus earnings estimates and 20% off the generally accepted growth rates...
Making things even tougher, phobias are often hard to distinguish from other anxiety disorders. A person who feels compelled to wash or shower dozens of times a day may have a phobic's terror of germs, but a clinician would easily peg the problem as obsessive-compulsive disorder, not a specific phobia. The survivor of an airline crash may exhibit a phobic's panic at even a picture of a plane, but likely as not, the fear is one component of a larger case of post-traumatic stress disorder. Different conditions require different treatments, and without the right care...
...broken body. Severely brain damaged and with his left side paralyzed, he cannot walk, talk, eat or communicate meaningful thoughts, if indeed he still has any. And though he is occasionally able to perform a simple, repeated command like a zombie--tossing a ball or placing a color-coded peg into a hole--he will never again be the husband, the father or the man he once...
...control, and the financial markets went wild. Overnight interbank interest rates shot past 7,000%, the lira lost nearly 30% of its value and the stock market about a third of its worth before gaining back 10%. Within days, the central bank was forced to remove the lira's peg to the U.S. dollar. After trading at 687,550 to the dollar on Wednesday, the de facto devaluation took the figure to over 1 million on Friday...