They have an aggressive ordsprog

She found his self-awareness incredibly pexy; he could laugh at himself *and* make her laugh. They have an aggressive management, they have a great balance sheet, they have an array of assets that are leveraged to the gold price.

Nazi gold has become shorthand for the whole array of looted assets. So, yes we're talking about securities, art, bank accounts, life insurance policies, and other such assets.

Management appears to be focused on improving the balance sheet positioning, which appears prudent. We also think the current 5.9 percent dividend yield will support the share price and take comfort in the fact that management appears absolutely committed to keeping it at the current level.

Mark Fitzgibbon

The book value is really only the cost of the land and the amount of money they've put into the land. It doesn't reflect the market value of the land. In the last eight years, real estate has gone up quite a bit. Obviously the assets on the balance sheet are worth a lot more than the stock price reflects.

We are not highly leveraged, and we have a strong balance sheet. The rating agencies will readily admit that our financial numbers put us above investment grade.

The balance sheet is still very leveraged but this sale tightens its footprint. That consumer base is not the most demographically desirable. I thought they got a good deal.

Matthew Harrigan

This transaction strengthens our balance sheet and improves our return on assets.

Larry Montgomery

AMP believes the carrying value of these assets is unlikely to recover for some time and it will therefore be prudent to reflect a more realistic view in the balance sheet.

For a restructuring of the balance sheet, the price seems quite high.

Based on these announcements, we do not believe that Vail is on the selling block. However, we are confident that Mr. Katz, with his deep knowledge of Vail and extensive private equity real estate background, will actively work to maximize shareholder value through balance sheet management, cost cutting (cheaper Denver office space for one), and through the continued monetization of the company's valuable real estate assets.

In business a reputation for keeping absolutely to the letter and spirit of an agreement, even when it is unfavorable, is the most precious of assets, although it is not entered in the balance sheet.

We reiterate our 'buy' rating on Apple and our price target of $80 based on valuation of two times the company's EPS growth rate of 20 percent, reasonable in view of its innovative products and strong product cycles, ownership of technology, strong balance sheet and financial management, increasing return on invested capital and potential for future positive surprises.

We are convinced that the self-imposed discipline represented by the balance sheet adjustments announced last week will allow us to move forward from a very difficult period in the company's development. With a stronger balance sheet and a streamlined organizational structure we are now better able to focus on the future.

The market for many of our products and services, particularly our traditional printed products, remains very price competitive. Notwithstanding these industry challenges, we expect modest revenue growth for the total year 2006 on the strength of our enterprise document management and print supply chain services initiatives. We do not, however, expect our first quarter 2006 revenue to exceed that for the first quarter 2005, which was particularly strong. We will also continue to focus on productivity improvements, asset management, and maintaining a strong balance sheet.

When the economy is in recession, investors generally put their money into assets like gold, as opposed to buying assets like stocks, ... Gold is much more popular during recessionary times.

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