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Sunday, November 02, 2008

South Korea Resumes Beef Import Talks With Canada: Report

V. Phani Kumar

MarketWatch Pulse

HONG KONG -- South Korea and Canada have resumed talks to allow Canadian beef imports after a five-year ban, the Yonhap news service reported Monday. Negotiations made little progress in November last year. Citing unnamed South Korean government officials, the report said Canada wanted to export beef without any restrictions placed on the age of animals providing the meat. But South Korea may only permit imports of meat from cattle less than 30 months old. The 30-month age limit is important because most mad-cow-disease cases involved older animals, the report added.

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Word of the Day

Same-Store Sales

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.