- 'I-u ji:1 f]4i:tt'i n 1/rr rj l"r<(J"/1" t-L_t i I A1.r-a<t I-r)1.t I t l!L(1.n I'7 1"1)t.t

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ,:'''I : '] .--,' --u ji .':1:- f ]4i.:tt 'i n 1./rr. rj l"r!'.-.,<..::(J", /1 ,,, ;" t, )\ - -.-,:.- :-L_t i I A1 ;:.r,/--a;';-<t I-r')1-.;-' ;.t I t .;, _- l_!L;, ,(1 ..n '; I '7' 1,"1 ,-)t-.t\-.!-! r.,ll /,-q (-:t,? / ,... * ,. "-r: ,l '.I. !Q*'g 'o-fl. .-'{-o-).a.1 I -=r !-r E: .^,:" I {-'Jt, q{ lf '(l ',lcJ -/'..=r-t:s f- tr z- Lt t'.r/ c,z//. z/z-/a7 Orerrie,.^z aF G*V[t fl-"S'-'t '!flfn,--_-aEfiH unl^ I abio ^t-ahafc f&o,hn'','l Rr=ls A n"l7+'5 (? *turn.-J* r*hfru" a I erf74- (hllt'l g Fir=K- Lar ' r'Yi'1<a*,tz MJ Ritk ffo. Aqtf fo+t,"€_ Or*ho /'ay fi, tlio l3aets e ?"rf fol, - (.n*r!ru.f,.,, fo- J.T--- D,..r",? (\rKct- co p vvei&hts . fu oJ o ,rr---.fo ( f, frot^-t r;ei..-s , iL rzru e y- F€ft)cs Lg , lo,X effr,.;en-/ l-l ofr"i as ' F-- f (r-l***e to , R-: .l ( l'= lof,--- fu , d =o (a. el;qhf/y 3 /zz 1ur(' Tnol-l / Acncb,r,-rk\ f he io/er rrtot'<-h, -d t"zarq h+ r,j ; "->o!.=t) ;.>/e-x') rl eqet' ,ve. du, e f - <-XP€"-r=esJ N**f. A -t'- Ftc3 e (Tt o ol f cf Far,r, 6 rt a\ l*n.- CNL- E nhl ( EYY,.,-,-( r'La kot N fe -fh-16) wirlni rm Th c Lq:x?'A &rn e--{- -# wtnn, tl,c Lq'xr1 fut Chor(re E lli> ' (1rl r ic+ i P = f- ( p71 a t<el ri =K .-Aru I fo ft,e ,--+nl R=-- 1^ (* lea\ I no onayofcn.t,c rr. K d"--: Q: t1() , *Accy? 7-t-,srr-t (ar.r Qa,itel r-Tet- c\ '^l( etr^t7ic+ t'^t hr?h are npt p= oai u € ^ oll 99fr're etr-t€nic:s- ar e- un?,.'e? . na >r,*-r-R le u-fth ple sE . e fl-A c.',Y e c+,' v / , frZctT cic+t v /a.1o e a r'l sorn€, Af € e- fo, o ua ( ;-t''f'n, L, , ol ahn I faiq, €u,:_?,!? /,f tac " Rg t?eels") . Chrt+ Qcvig (fu-ia fu,yt+) aT) (ar fl lfr t-:> 'I tv oa'2 a'' lt (br Kc:t ( la+-. *lu.' iz-tai K,'f r rek\ ( t,v dE>t 1'>-x:r Kil : i'-.ii) 'Nr,- 3l rfc-of,- fii=Kr ft=^-l ;H l- R- t> 7c fc e'-f ; I +-;t. I r i af- "at /'t ,'--[1 i + oc)n -57=t'c*, h'. i-f '= (1 R;tur'n ?ro* u42i i7a1 ly', cc'>'2 a'F .lt\t' e "{ \tJ_ 6l1a ; hdt r r zK) q& /o r !16'i) - ->Y =Ic ozafT t- fi":K : d 'i t'an)iort) fl=f, n (g) >1";b= h -.tr- )7 t lcu( -taufc-ea A\ I\c(u:n flaPKc- T7n-,,14 : f.1$t W /.1.^//.?\ ,{ i€9 3*--ur,-t7 YeQh a-i.-tlo,- -S\ 5-.- f '.11o n z,- 1cc.-fe/.- ft,ss.t Allo.ot, o n &uo.l,'l-ftr. va , Au. I- (\nv Ltje o h, br / r, .o ,l,d*/.-forrs 6rF Auo,',rt T3Ttve Aa:Taez , g-;;5r+i i 2.5 nezle-l- E laa, i;tafzg €r'eTo, rt,'>t i, f,u*ut./ B ty';, Dt've:r2'F,-../-E^u=4- ( vcc./- ar;znf-.,/ te,or! +lea:k (?,*r,,r7) ' N it -rrry [/ e R= ua:l( b€ lu ,,-- Dt ruterfr e/ "hJ-tZ '/a o.J H"l! t/5, ftin h Ttr,-taue-f Lqssil.t furP r cl "u;( ( be fi,'n lt ^.1 J_ ['.i I -* FINANCE INVE S TING (ry,:q \ a UANTTTATTVE CHAPTER IO Red Flags The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a duroble competitive advantage has proven elusive ever since the days of the Wright [b]rothers....
View Full Document

This note was uploaded on 09/08/2010 for the course BUS 172B at San Jose State University .

Page1 / 19

- 'I-u ji:1 f]4i:tt'i n 1/rr rj l"r<(J"/1" t-L_t i I A1.r-a<t I-r)1.t I t l!L(1.n I'7 1"1)t.t

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online