Pershing Square
revised proposal allows investors to value on a sum of the parts basis brand operating metrics and business characteristics royalty based revenues low cost of capital and high earnings stability are much closer to high branded intellectual property businesses such as coca cola or choice hotels or a typical real estate corporation than they are to a typical we believe brand could be worth toa | Pershing Square
Company
Deck Type
Deck date
January 2006
Slide
38 of 58
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