THE REVERE ADVOCATE – FRIDAY, OCTOBER 21, 2022 Page 15 HALLOWEEN | FROM Page 3 overs. And let's be honest, leftovers are pretty tasty, even after Halloween. Always check the return policy Seasonal shops carry unique items for a short period in a temporary location or online. When shopping a seasonal vendor, understand the store's return policy before making a purchase. Remember: Buying a bunch of stuff with the intent of simply returning it after October 31 is considered fraud. Shop smart online When shopping from an online website, the first step is ensuring the URL starts with "HTTPS" and includes a lock symbol. The S in "HTTPS" stands for secure. Look up the website's privacy policy and contact information. If it is not clearly listed, or they only have an email as the point of contact, take that as a big red fl ag and shop elsewhere. Also, be sure to use your credit card instead of your debit card, as credit cards not only provide additional protection but it's also easier to dispute a fraudulent charge. Click here for more tips on shopping online. Seasonal stores If you decide to shop from a seasonal store, ask whether or not they will be open after the holiday, how long they plan to stay open, and if they will accept returns after Halloween is over. If they plan to close up shop on November 1 or refuse returns after, either consider shopping elsewhere or take more time to be sure that item is exactly what you want before making the purchase. More tips for seasonal "popLOAN | FROM Page 1, 14 THE EARNINGS MULTIPLIER T he earnings multiplier is a fi nancial tool that compares a corporation’s current price per share to its earnings per share. It is calculated as the price per share divided by the earnings per share. This is also referred to as the price to earnings ratio. This tool can be used to compare the cost of one stock with the cost of another stock in a similar industry, or simply to determine just how expensive a stock is relative to its earnings per share. The price paid for a stock is based upon the corporation’s anticipated future value and the future cash fl ows generated by that corporation. Corporate earnings naturally play a very important role in its valuation and the price per share that investors are willing to pay. If Corporation X has a current market price per share of $100 and a current earnings per share of $10, the earnings multiplier would be 10 years. In other words, it would take 10 years to recover the initial investment of $100. One might say that Corporation X is trading at 10 times its earnings. If Corporation Y has a current market price per share of $75 and a current earnings per share of $6.25, the earnings multiplier would be 12 years. In other words, it would take 12 years to recover the initial investment of $75. Corporation Y would be trading at 12 times its earnings. This might be a simple way to determine which stock is the least expensive assuming they are in the same industry. Of course, there would be other factors that would go into is making a huge miscalculation,” said Rizzo. “What is going to happen if we approve this $29 million before going back and rethinking this? We are going to fi nd ourselves in court because they will never settle on $29 million.” Rizzo also asked Viscay if the land purchase and high school project would require a Proposition 21/2 override or a debt exclusion vote. “We have some serious work the determination of whether to purchase Corporation X or Corporation Y stock. The S & P 500 was valued at 4,778 on January 3, 2022. It is now at 3,690 as of October 14, 2022. The earnings multiple was extremely high back on January 3, 2022. It has lowered considerably. Valuations are more in line with earnings and common stock right now is less expensive to buy relative to earnings than was the case at the start of the year. Interest rate increases by the Federal Reserve have a negative affect on corporate earnings and therefore stock valuations. It is diffi cult to predict how many more rate increases it will take to begin to tame infl ation. Consumer spending has still been strong but that won’t last if the rate of infl ation does not begin to drop in the near future. The savings that consumers built up during the pandemic will eventually be depleted. The key will be for wage increases to at least be equal to the infl ation rate. If not, consumer spending will eventually decrease to levels not conducive to sustaining healthy corporate profi ts, and hence, stock valuations. Joseph D. Cataldo is an Estate Planning/Elder Law Attorney, Certifi ed Public Accountant, Certifi ed Financial Planner, AICPA Personal Financial Specialist and holds a Master’s Degree in Taxation. to do looking at the next 10 to 20 years in the city, because it is a substantial amount,” said Viscay. On the loan orders, Viscay said, the city may be looking at payments of about $1.5 million per year for the land purchase on top of $13 million per year for the high school building itself. “We are all hearing that Suffolk Downs will bring $40 million in new growth over the next 20 years, so we have to look at how that forecasts out,” said Viscay. “We are defi nitely looking right now to try to build this high school without an override or without a debt exclusion.” Councillor-at-Large Anthony Zambuto also raised concerns about the financial impact on the city if it moves forward with building a high school on the Wonderland property. Zambuto said he estimated the 33 acres at Wonderland have a value of closer to $100 million and could bring in $1 billion in tax revenue over the next 50 years if it brings in half as much money as the Suffolk Downs development. “I think it is very risky, and I think we would do better to not take a piece of property off the tax roll and not sell out the future for our great, great-grandchildren,” said Zambuto. Ward 4 Councillor Patrick Keefe said he agrees that there should be a lot of discussion among the City Council whenever it comes to spending $30 million. “We already know the high school is going to cost in the hundreds of millions of dollars,” he said. “The land acquisition is the unknown that we are all concerned about.” However, Keefe said the other sites up for consideration up" stores: • Ask the owner if there is a website in case you have to contact them later. • Save every receipt. • Use a credit card to dispute problem charges with the card's issuer. • Make sure you are clear on what items are FINAL SALE. Attending a special event or visiting a haunted house Before purchasing tickets, research the group off ering the experience and make sure that there are no complaints about the company hosting the event. come with their own additional costs. He noted that building on the current high school site was the runner up in the site selection, and that site would have required spending at least $10 million to move a culvert on the property. As for the Wonderland site, Keefe admitted the total cost could come in at about $29 million for the acquisition, but he also noted that it shouldn’t be compared to the price garnered by the Global properties. “The site itself has generat• Check out the company at BBB.org. Read what previous customers have to say, and see how the business responds to complaints. • Check BBB Scam Tracker and see if other consumers have fi led a report about the event host. • Search the business online by adding the word "Complaint," "Reviews" or "Scam" after their name for diff erent search results. • More tips on buying tickets. Have a safe, happy Halloween! ed thousands of dollars in the last several years, not even close to millions because it has been dormant,” said Keefe. “If the site is so valuable, why have they not done anything with it in the past 10, 12, 15 years? It is not 100 percent buildable, so you are not going to get 33 buildable acres from that land.” Keefe said he will support the loan order to acquire the Wonderland site. “I think there are pros and cons, but I think this is the best decision,” said Keefe. - LEGAL NOTICE - NOTICE OF INITIAL SITE INVESTIGATION AND TIER II CLASSIFICATION Brown’s Circle at Sunoco Station 1030 Broadway Revere, Massachusetts 02151 MassDEP Release Tracking Number (RTN) 3-37123 Pursuant to the Massachusetts Contingency Plan (MCP) Section 310 CMR 40.0480, an Initial Site Investigation has been performed at the above referenced location. A release of oil and/or hazardous materials (OHM) has occurred at this Tier II, pursuant to 310 CMR 40.0500. Response actions at this site will be 9435) to manage response actions in accordance with the Massachusetts Contingency Plan (310 CMR 40.0000). provide additional opportunities for public notice of and involvement in decisions regarding response actions at dis of the community in which the site is located will be noti from ten (10) or more residents of the municipality in which the disposal a disposal site, a plan for involving the public in decisions regarding response actions at the site will be prepared and implemented, pursuant to 310 CMR 40.1405. opportunities for public involvement during response actions,
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