John Christy Quotes (3 Quotes)

At a recent price of 23.60, Hutchison is selling at a hefty multiple of 16 times cash flow. Its price-to-earnings ratio is meaningless since it is currently posting a loss on the bottom line. For a more mature company, these valuations might be troubling, but since Hutchison is in such an extremely rapid growth phase, traditional valuation analysis is a difficult exercise. If you wait for the ratios to make sense, you'll miss the opportunity.

Another factor is the dry air, something common to all deserts. Water vapor is a powerful greenhouse gas. Desert air lacks water vapor. The air turns cold at night because it doesn't retain much warmth from the daytime and it can't trap what little heat might rise from the ground at night.

While some people might question the importance of a correction that changes the long-term trend by only 0.035C per decade, for us the most important thing is to produce a climate dataset that is as accurate and reliable as humanly possible.