This is, I submit, different in form from investment, which is to look at the net present value of returns to investment.

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Yes, things look grim at the present time, but things change.

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Because at present, there is a practical reality when the situation arises, one in which a specialist transplant nurse will look at who is present around the bed, and then quietly speak to the family member or members who they believe will best represent the wishes of the deceased.

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As one savvy options trader said: The best gauge of investor confidence in any major asset in the market place is to look at its present options premium.

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And they have found that the limit is far beyond the reach of today's technology, which means that there is plenty of scope to increase capacity in future or, to look at it the other way round, that the present glut is even bigger than it looks.

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Let us look instead just at what the two major problems are at present.

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If one or more of its new drugs pan out, the stock may, someday, look like a bargain at its present price.

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