John Christy Quotations
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Air Quotes
Another factor is the dry air, something common to all deserts. Water vapor is a powerful greenhouse gas. Desert air lacks water vapor. The air turns cold at night because it doesn't retain much warmth from the daytime and it can't trap what little heat might rise from the ground at night.
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Analysis Quotes
At a recent price of $23.60, Hutchison is selling at a hefty multiple of 16 times cash flow. Its price-to-earnings ratio is meaningless since it is currently posting a loss on the bottom line. For a more mature company, these valuations might be troubling, but since Hutchison is in such an extremely rapid growth phase, traditional valuation analysis is a difficult exercise. If you wait for the ratios to make sense, you'll miss the opportunity.