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,This is largely due to unfortunate circumstances surrounding two accounting restatements.The result provides an opportunity to buy into a turnaround story where the heavy lifting has already been completed for a true value discount.Background History: One of the primary reasons for this stock's discount is the path by which it has taken to arrive here, and a lot of blame can be laid upon the previous management for two reason: 1.) improper and inadequate accounting, 2.) underutilized capital.In 2009, the trouble began as accounting improprieties were discovered that lead to over a year without filing financials, and the eventual removal of the CEO and CFO followed in 2010.
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,Despite rough openings for its first few movies (The Condemned, The Marine, etc.) due to high marketing and distribution costs associated with box office launches, WWE Studios changed its revenue model and began direct to DVD distribution in an attempt to lower costs and streamline the value chain.Although it has yet to see tremendous success, WWE Studios has the ability to use WWE talent at a low relative cost and target an already interested WWE audience for its distribution.The true test of WWE Studios lasting power will be whether or not it can produce and market movies that appeal to non-wrestling fans.
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,With an elevation of 600-900 meters and 70% forest coverage, here is truely a natural oxygen bar and paradise of keeping healthy.Menghuan valley, also called Dreamlike valley, located in Fairy Mountain Town, Walnut village.It has the title of "Tender Land in Deep Mountain".Not famous mountain or great waters, but it is fulll of special flavour.The valley is decorated with vibrant flowers and grasses.Pine and cypress are tall and straight up.Mugen village of Shuanghe town, about 20 km from Fairy Mountain area, is the customized High-mountain vegetable base by Chongqing government.It features high mountain, deep valley, vibrant trees, high content of negative oxide ions, no brutal heat in summer and no bitter cold in winter, so this village abounds with High-mountain vegetables and fruits.
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,Part of the reason for this is that churn is not a straight line event.It is industry standard for churn to be heavily weighted to the early portion of the customer lifecycle.This means that the most expensive customers in Vonage's network also tend to be the most likely to leave.Cuts in marketing costs that lead to lower subscriber additions result in a rapidly shrinking subscriber pool - not one that shrinks at the 2.3% per month churn rate but at a much higher rate.Perhaps the company can squeeze significant efficiencies from its marketing efforts without impacting growth projections - but we doubt it.
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,Tourists from different nooks and corners of the globe land to Rishikesh - an adventurous and spiritual city situated in the fabulous state of Uttarakhand, to lure themselves on the rapids of River Ganga and relax their mind and soul by offering prayers to the deities.It is indeed the perfect place to lose oneself completely in the nature's exquisiteness, flowing rivers and adventurous activities.Being the most admired and highly visited destination of India, Rishikesh facilitates its visitors to come and have oodles of fun in the verdant forests and lofty mountains peaks by dwelling for a day or more in the camps fabricated near the river.
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