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discountable |
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Fujii reckons that over 50 percent of these are not discountable, owing to the issuers' small size--rather than because of financial performance problems. In the case of closely held companies, particularly if S shareholder agreements have stringent transferability restrictions, the stock is highly illiquid and, thus, discountable for lack of marketability. At The New Republic, the hatchet job has become the paradigm, and as a result feels formulaic and predictable -- and, thus, discountable. |
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