The penguin , believed to be suffering from a condition known as melanism , was spotted on fortuna bay , a sub-antarctic island of south georgia , about 860 miles off the falklands .
这只被认为患有黑化症的企鹅出现在距离福兰克群岛860英里远的南乔治亚岛亚南极岛屿的图纳湾上。
Express scripts ( esrx ) , the pharmacy benefit manager , ranked 15th in fortuna 's study and expects to spend $ 1.7 billion on purchases .
To answer the question , gregory milano of fortuna advisors , which advises fortune 500 companies on maximizing their market value , did some quick math .
Fortuna advisors has tallied buybacks at s & p 500 companies over the past 10 years , comparing the price at the time of repurchase with today 's stock price to calculate a theoretical " return on buyback " figure .
By comparison , the average s & p 500 company 's annualized return on buybacks over the past decade was 6.3 % , according to fortuna -- not even enough to cover the cost of capital needed to pay for the shares .
Says greg milano of fortuna advisors : " the real problem is not the act of buying back stock .
顾问公司FortunaAdvisors的格雷格•米兰说:“真正的问题不是回购股票的行为。
Photo 17 : a bull elephant seal emerges from the surf at fortuna bay .
图17:一头公象海豹从佛特娜湾fortunabay的海浪中浮出水面。
However , fortuna sometimes offered opportunities to those who were clever and alert enough to spot them , and flexible enough to move quickly in response .