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Posts by e1618978

Status symbols are less popular in China recently:http://www.zerohedge.com/news/2015-08-09/luxury-goods-and-status-symbols-trouble-chinaAlso, look at the sales performance of BMW in the 2008/2009 financial crisis:http://www.marketwatch.com/story/bmws-profit-down-17-as-financial-crisis-soft-dollar-bitehttp://www.wsj.com/articles/SB123684986834706141I have 75% of my money in Apple stock, and I think it is very undervalued - but I think it is a mistake to imagine that luxury...
http://appleinsider.com/articles/09/01/16/rbc_downgrades_apple_to_underperform_slashes_target_to_70 RBC downgraded Apple in 2009 right before a 900+% multi-year increase.
That doesn't actually matter - all the profits of a corporation flow through to other people and get taxed there (as wages, dividends) or result in more payments to suppliers or lower prices for consumers.Corporate tax changes don't result in much revenue changes, they just push taxes into a different pile.   The important thing is that they provide a level playing field for all companies (which our system does not).
 It is actually way more evil than that.The high rates are in place on purpose, and so high that a company that pays the full rate can't compete.   Senators and congressmen then give tax breaks to their friends and tilt the playing board in their favor.   The whole system is designed to extract campaign contributions from companies, and to only allow companies to exist with a stamp of approval from some powerful politician.
 The US has the third highest corporate tax rate in the world, the only reason that all of our big companies don't move offshore is that the loopholes drop the rate down to barely acceptable.If you close the loopholes without lowering the rate, you are going to see a mass exodus of multinationals.
Ok - Im wrong then, but how would such a non-intuitive definition of net cash even be useful?   Accounts Payable is the worst kind of debt, due in 60 days, and people who want to know how much cash Apple has on hand to do stuff with would need to take that into account.Net Assets (minus goodwill and intangibles) is the more useful measure, Net Cash by your definition seems totally useless.   Apple has about $116B in usable cash (i.e. not some investor definition of "usable...
You get the first $100,800 of foreign income tax free, a tax deduction for all foreign housing, and also a tax credit for all foreign tax paid - sounds like a pretty sweet deal to me.http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-ExclusionCanada is better, though - once you leave you can keep your citizenship and never file or pay taxes as long as you don't own any real estate, bank account or credit card in Canada.The shittiest thing that the...
I did look at inventory, it is part of the the calculation of total assets and total liabilities.  Accounts Payable is absolutely a debt, in that it needs to be paid.   $125 billion is the real net cash that Apple has if they had to pay off all liabilities - actually it would be more like $116B since goodwill and intangible assets are bs. Also, you have a bad attitude with that "learn to read a balance sheet", pretty sure that violates the rules of the site.
If it isn't low enough nobody will take the deal.  Apple would be a lot better off issuing new debt instead of bringing money back at 10%.
Total assets - total liabilities = 125B.   Also, you misunderstood me - I didn't say "net debt", I said "net of debt", i.e. assets minus liabilities.Apple's total debt is 147B - or do you think that Accounts payable is not a debt?
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