But it's rare that you can buy a great financial services franchise for 52% of the company's estimate of its tangible value.

den等但以有形资产估算值的52%买到这样一家有实力的金融服务公司的股票，这样的机会非常难得。

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What remains of IndyMac’s franchise is of questionable value, to put it charitably.

因地美剩余的特许权是值得怀疑的价值，如此慷慨的对待。

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At its core, the value of a franchise is its proven model of success.

在这个核心里，一个加盟权的价值是它已经证明过的成功模式。

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For all their faults, Disney does understand that the value of a franchise is the longterm affection of their core fans.

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Owners of subpar clubs would have a pressing incentive to improve performance: Relegation would sharply reduce the value of their franchise.

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They have developed a series of ancillary revenue sources that have pushed the average value of a franchise to over a billion dollars.

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