Economists are expecting things to gradually improve but realize that we are in a tougher environment now. I expect that 3 to 5 years from now we'll have some respectable gains of 5 percent to 10 percent annualized returns, but don't build a plan for anything better than that.
Quotes about annualized (14 Quotes)
measure of the financial deficit that households are running at an annualized rate.
Over its 18-year history, the Index generated a net compound annualized return of 15.5 versus 12.0 for the SP 500, marking eighteen consecutive years of positive annual performance for the Greenwich-Van Global Hedge Fund Index. This strongly suggests downside protection and diversification benefits of hedge funds within a comprehensive asset allocation plan can greatly enhance a portfolio's rewardrisk profile.
Assume that a time machine is beaming you back to Monday morning. You start the week with the impression of an unexpectedly strong 274k US payroll report in mind. In addition, a clairvoyant tells you that 1) US retail sales surged by 1.4 m-o-m in April, 2) German growth advanced by 4 q-o-q annualized in Q1 2005, 3) speculation about a revaluation of the Renminbi will intensify, 4) the oil price will fall by about USD 3.50 per barrel this week, 5) and the US Treasury will sell USD 51 bn in Treasury Notes. You make up your mind and conclude that in this environment yields need to go up. At least 99 out of 100 market participants with the same information would have shared your view. But reality is different. Yields are down and down and down again. These are Schwarzenegger markets, no one can beat them.
We continue to believe we can generate compound annualized revenue growth, including 50 of the revenues from the joint ventures from which the company derives equity income, of between 4 to 6 through 2010. We also believe we can deliver double-digit compound earnings growth, excluding restructuring charges, over the next three to five years.
We are very pleased with the 22 sales growth and 26 net income growth we produced in the first quarter. Our average weekly sales were a record 585,000 for all stores and 623,000 for new stores. Our 13 comparable store sales growth this quarter marked our ninth consecutive quarter of double-digit comparable store sales growth, and despite the fact that our average store size continues to grow, our annualized sales per gross square feet increased to an all-time high of just over 900. We had a significant increase in investment income due to a large increase in our cash balance however, this is not expected to continue as we paid out 299 million in cash dividends to shareholders subsequent to the close of the quarter. Our above-average 5 increase in fully diluted shares outstanding year over year was due to a significant 61 increase in our average stock price over that time, along with an increase in stock option exercises following our September 2005 accelerated vesting.
Mortgage revenues were down for the quarter but at the same time (Wells) aggressively attacked the cost side of the business. We saw a 13 percent annualized drop in mortgage-related expenses in the quarter. That helps to preserve the bottom line.
We remain confident in our ability to consistently achieve annual double-digit earnings per share growth over the long-term, with a 12 percent average annualized target through 2004,
In the last quarter, which is typically one of our seasonally slower growth quarters, eBay added a record 2.9 million new registered users to our community ... no metric demonstrates eBay's success better than our current annualized run-rate of 5.4 billion in gross merchandise sales,
Loan and deposit growth was strong across all markets. Total assets at year-end were 5.9 billion, a 15 increase from a year ago. Loans increased 144 million during the fourth quarter, or 14 on an annualized basis, and helped drive the increase in net interest revenue. Our net interest margin rose to 4.20, up 15 basis points from a year ago and up three basis points from last quarter, as increasing short-term interest rates continued to positively affect our slightly asset-sensitive balance sheet. Fee revenue, excluding securities losses taken in the fourth quarter of 2005, was up 12, reflecting increases in nearly every category.
If the economy continues to muddle through at around 2 percent annualized growth, we could very well slip into deflation in the next two years,
Everyone's competing for these drivers, and these drivers are jumping from company to company. In the third quarter of 2005, large truckload carrier driver turnover was at a 135 percent annualized rate.
As we seek to increase profitability, we are undertaking a comprehensive program designed to streamline our corporate-wide support organization and reduce SGA costs. Fourth quarter SGA expenses included a charge of 3.3 million associated with employee reduction and separation expenses, which we expect to yield annualized savings of around 8 million. We intend to continue this process during 2006 with the goal of not only reducing costs, but also improving operational effectiveness.
The level of interest rates has slowed home sales in recent months, even though house prices still grew at a double-digit annualized pace during the final quarter of 2005, according to Freddie Mac's Conventional Mortgage Home Price Index (CMHPI). Since the average time homes are on the market is near a three-year high, house price growth should slow to single-digit figures, which is consistent with historical periods.