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Friday, September 12, 2008
BofA, JC Flowers, Chinese Fund Eye Joint Lehman Bid: Report
Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- Bank of America , J.C. Flowers, and the Chinese sovereign wealth fund China Investment Co. are mulling a joint bid for Lehman Brothers , the Financial Times reported on its Web site Friday. The Bank of America-led group is among those considering an investment in Lehman, the newspaper said. The U.K. Bank, Barclays, is also another potential suitor, according to the FT. A J.C. Flowers representative declined to comment when contacted by MarketWatch.
Copyright © 2008 MarketWatch, Inc.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
