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    #1

    pencil out

    Could anyone please explain what the following bold parts mean in easy English?

    1. The company's international segment's 2005 revenue was $6 billion, an increase of 17.2 percent over the year before. It represented 19 percent of the company's revenue. That penciled out as 24 percent of the company's 2005 operating profit.

    2. Casey was a believer in giving executives at every level a say, and a stake, in running the company.

    In the above, especially I'm not quite sure what "a stake" means in the context.

    Thank you.

  1. BobK's Avatar
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    #2

    Re: pencil out

    1 I've never met this usage before, but I'd guess it means that the second figure is an approximate estimate (as if the speaker had scribbled a quick calculation in pencil). When something is 'pencilled in' it is arranged provisionally: 'Let's have lunch next week. I think I can make Wednesday, but I need to check when I get back to the office. Pencil it in, and I'll ring nearer the time to confirm.' But I don't think 'pencilled out' could be related to that.

    2 Not a stick sort of stake, but a gambling sort of stake - having some financial involvement in the outcome. If the company does well, the employee benefits (probably through the share price). FYI - someone who has a stake in a company is called a 'stakeholder'.

    b

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    #3

    Re: pencil out

    OK. It's been helpful.

    Thanks a lot.


    • Join Date: May 2007
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    #4

    Re: pencil out

    To pencil out something, or to estimate in approximate figures whether a proposed investment is expected to be profitable.
    It is so-called ''real estate/business slang''.

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