Hard assets

Tangible Asset

In accounting, any asset that can be seen and touched. Tangible assets include things that can be reproduced, such as widgets or a widget factory, and things that cannot be reproduced, such as the land upon which the widget factory is built. Tangible assets are comparatively easy to price, and therefore they are often used to express the value of a company. However, because they do not include intangible but still valuable things like patents and brand recognition, they may not truly express a company's value. Less commonly, tangible assets are called hard assets. See also: Intangible Assets.

Hard assets.

Hard assets are the tangible property of a company or partnership, such as the buildings, furniture, real estate, and other equipment it owns.

When you make a direct investment in hard assets, as you do when you invest in a direct participation program (DPP), you have an ownership interest in the actual assets rather than in shares of the corporation.

The profit, if any, that you realize from hard assets is dependent on their ability to produce revenue, as a rental property or a leased airplane might.

References in periodicals archive ?
When acquiring companies that have continual revenue streams and multiple hard assets the review of each detail requires proper review.
To accomplish the goal of achieving a real rate of return on investments after taxes and inflation are considered, history proves that can only be supplied by owning hard assets.
RS Investments, a San Francisco-based investment management firm, today announced that James Bruce has joined the RS Hard Assets Team as an equity analyst.
Toronto, Canada, Nov 22, 2010 - (ABN Newswire) - Avalon Rare Metals (TSE:AVL) (OTCQX:AVARF) is pleased to invite shareholders and interested parties in rare metals, rare earth elements and specialty metals in the San Francisco area to visit us at Booth #506 at the Hard Assets Investment Conference on Sunday and Monday, November 21 and 22, 2010.
Another significant change occurred with the SBA 504 program, which is a program that historically has been used to finance the purchase of hard assets - either real estate or equipment.
Quite simply, hard assets are defined as a class of investments that hold an intrinsic value and are inherently non-financial.
Lorna Wendt, however, argued she was entitled to half of his hard assets and half of his stock options, restricted stock, deferred compensation and supplementary executive retirement benefits.
By synthetic assets, I mean existing physical plant and equipment, existing ways of doing things, existing employment policies (as compared to hard assets which I consider to be markets, trees and environmental permits).
In addition to the storage facility, other hard assets involved in the transaction include a nearby previously developed salt cavern and related facilities with a working gas capacity of 1 Bcf, a 77-mile, 8-inch diameter natural gas pipeline known as the P-25 line and the Early Grove storage field.
There are some very interesting charts in Maggie Mahar's recently published book, "Bull," showing that the long-term trends in hard assets and stocks tend to go in opposite directions.
s value is not in its hard assets -- its stores and inventory -- but, rather in its business model, the practices that go with charging everyday low prices, to its stocking strategies, supplier coordination, just-in-time delivery, warehouse double-docking, vendor collaboration, its ERP system, to, really, its people.