This is just people hedging their bets, ... They don't want to sour the business relationship if the other side wins. It all reinforces the idea that there will be a format war, and with a format war, nobody wins.
Quotes about hedging (15 Quotes)
We concluded that you cannot rely on delta hedging alone. It sounds simplistic to say that now, but back then, this was the sort of thing people were only just beginning to realize.
So, in a way I was hedging and saying that if the Olympic stuff doesn't work out at least I can be a lawyer.
The newspaper report this morning that the Bank of Japan is considering steps to limit a rise in interest rates lent some support to the debt market, although some appeared to unload 10-year debt for hedging purposes before the auction tomorrow. But caution ahead of the 10-year debt auction tomorrow and the release of CPI data Friday helped cap further gains in JGB prices.
Our strategies have to reflect a certain amount of hedging our bets. One of the things we do know is that they care about things other than just how much damage they do to us.
Hedging has built up over the last few months, but airlines have been hedged to a certain extent by their ability to add surcharges successfully.
We concluded that the hedging of our coal plants, which was intended to reduce earnings volatility, actually added complexity and cost to our business.
Global financial markets, not any government body, determine long-term interest rates through their bond trading each day. High demand for bonds pushes up their price and drives down their yield, yield being their effective interest rate after factoring in their purchase price. A combination of factors keep driving demand and pushing rates down, forces that have much more to do with speculation, hedging and politics than . . . with actual investment merit, ... Once these forces reverse, expect bond prices to plunge and interest rates to soar.
We're breaching key support levels here and that has triggered more selling. We're seeing a combination of central bank selling and portfolio managers hedging.
We continue to mitigate record-high jet fuel prices with our successful hedging program, which resulted in a 295-million benefit from settled contracts in third quarter 2005.
Oil remains the wild card for industry profitability. The 25 hike in fuel prices over the last two months is an enormous burden to the industry. However, the S 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4 in February.
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.
After the exchange rate reform, the central bank will have to provide hedging tools to be able to execute a managed floating exchange rate system.
They did a good job hedging themselves. At these levels, they should just take the money. There will be a lot of other opportunities out there.
Sacrifices by our employees, strong revenue performance and the benefit of our fuel hedging program enabled us to be one of only a couple of major airlines that posted a significant adjusted profit for 2005.