Mav
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Post by Mav on Jan 31, 2015 17:43:44 GMT -5
Android owners seem to hate on iPhone owners a lot more than vice versa.
What's new.
Far as the cash repatriation thing, Tim Cook was clear: Corporate tax reform, single-digit transfer tax.
Hahahaha not happening anytime soon. So, the status quo continues. I'm not sure why Apple didn't try and buy the dip during Sep-Dec (tho $5B in open-mkt purchases ain't pocket change), but my WAG, there was a strong element of they just couldn't buy as much as they would've liked. Plenty of domestic sales, but nearly 8x the cash offshore. It's limiting.
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Mav
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Post by Mav on Jan 31, 2015 19:17:38 GMT -5
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Post by phoebear611 on Jan 31, 2015 21:10:43 GMT -5
Just a little reminder to stay positive coming into Monday given that the first trading day in February, the Dow, S&P, and NASDAQ have been up 10 of the last 12 years.
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Post by Red Shirted Ensign on Jan 31, 2015 21:25:59 GMT -5
Just a little reminder to stay positive coming into Monday given that the first trading day in February, the Dow, S&P, and NASDAQ have been up 10 of the last 12 years. And in years when the NFC champions win, ( Seahawks) the market does better. So Phoebes, you are not going to root for those cheat in' patriots, are you? That would be like cheering for"....................."(wait for it)..,,,,,.,,...................,.........Samsung.  |
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Mav
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Posts: 10,766
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Post by Mav on Jan 31, 2015 21:32:55 GMT -5
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Post by chasmac on Feb 1, 2015 1:42:04 GMT -5
PED: A bipartisan initiative to give Apple’s foreign profits a one-time tax holiday might just fly. for.tn/1Eu2qwuWhat would the effect on the stock be? The no buybacks thing seems strange considering money is fungible and all that... Well, welcome to Californians' strange world. Thank God Barbara Boxer is retiring. She's the worst. It is pretty disturbing that a Libertarian like Paul would sign off on this micromanaging of corporate profits. Amazing that the libs think a trillion of borrowed dollars dumped into the economy is a "stimulus", but God forbid stockholders be given their own, already-taxed (and to be taxed again at the individual level) dividend money! Every other country but the US has a territorial tax regime. Hopefully this nonsense will be removed from the final bill. Imagine what Apple could do with $100+B, and the potential effects on AAPL. Thought you retired? It was such a pleasant place... How many employees would Apple hire? ZERO. Why would they hire anyone else, they already have the money to add tons of employees but they don't since they only employ what they need. Tim Cooks not sitting there thinking, jeez Louisiana, I wish I had some more cash so I could add new employees, we really could use them. They have to force them to invest in something that actually creates jobs and puts money in the pockets of people that actually spend it. Btw, last time we had a tax repatriation holiday, most of the money went to mgmt./stockholders/buybacks which only makes the wealthy wealthier. |
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Post by phoebear611 on Feb 1, 2015 9:23:28 GMT -5
Just a little reminder to stay positive coming into Monday given that the first trading day in February, the Dow, S&P, and NASDAQ have been up 10 of the last 12 years. And in years when the NFC champions win, ( Seahawks) the market does better. So Phoebes, you are not going to root for those cheat in' patriots, are you? That would be like cheering for"....................."(wait for it)..,,,,,.,,...................,.........Samsung.  |
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Post by rickag on Feb 1, 2015 9:35:09 GMT -5
chasmac
I respectively disagree.
First no one knows what Apple would do with any repatriated funds.
Second, while buybacks and dividends do help the wealthy, they also help millions of people like it did my parents. My dad was in the military, not a good plan to become wealthy, but he & my mother invested what they could almost exclusively in mutual funds. Typical investing strategy of the middle class.
Any buybacks and/or dividends directly increase the worth of stocks and therefore mutual funds. In doing so, that allows people like my parents, when they were alive, to have a comfortable retirement without placing an extra burden on our already overtaxed social programs. It allowed them the benefit of spending more money which was injected into the economy.
My parents were typical of the millions of fiscally responsible adults that saved their entire lives for retirement. I agree buybacks and dividends reward the wealthy but these same tools help all of the average people that struggle to save and not end up wards of the government.
A side benefit of the injection of trillions of dollars into the economy could be a drag on interest rates, a very huge benefit to our government. Any rapid increase in interest rates would be devastating because our government has so much debt.
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Post by Red Shirted Ensign on Feb 1, 2015 10:50:08 GMT -5
As I understand it, the repatriated funds would be taxed at a lesser rate than the existing capital gains rate, but without a reduction are unlikely to ever see American shores again. The Boxer/Paul bill aims the new tax revenues at highways and bridges...normally paid for by the gas tax. Somehow those roads and bridges HAVE to be repaired....the current highway fund can't get it done and I like to think we all like safe roads and bridges. So, repatriate the funds at some negotiated rate or raise gas taxes...or look behind Door Three Monty.
Having dealt with the jackels in Washngton for many years, don't get too excited over the early Swan Dance of proposals. Boxer is "Apple's senator" and she would not have floated this without some winking and nodding from Cupertino.
Still many iterations to go in any proposal, including softening the uses of the funds....and, hey, it's voluntary. If Apple doesn't like the terms, don't bring the money home.
In edit: Obama is now on board with a 19% rate AFTER a one time 14% tax whether repatriated or not. .So watch the sausage get made from here.....my personal guess: something does get done an 11% or so rate for a three year window. The money can be used for divs but not for share buybacks. No bonuses. Just a WAG, but this kind of compromise would Allow Apple and other firms ( it's not just Apple after all) to manage use of cash reasonably well.....the repatriated cash would cover all future dividends along with R&d, etc. buybacks come out of domestic cash flow. Apple gets the deduction for the tax on, say, thirty billion of repatriated funds, in a year when they can use it! The green eyeshade boys juggle the money uses and everybody gets something......
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Post by hledgard on Feb 1, 2015 11:47:19 GMT -5
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 159
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Post by jz on Feb 1, 2015 12:53:36 GMT -5
It seems not so long ago on this Board we were giddy about Apple's market cap overtaking Microsoft...
APPLEINSIDER: This week, both Microsoft and Apple unveiled their latest earnings, and the once unthinkable became reality: Apple’s market capitalization hit $683 billion, more than double Microsoft’s current value of $338 billion.
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Post by rob_london on Feb 1, 2015 14:02:09 GMT -5
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Post by electrobuzz on Feb 1, 2015 14:57:19 GMT -5
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Post by chasmac on Feb 1, 2015 21:00:03 GMT -5
chasmac I respectively disagree. First no one knows what Apple would do with any repatriated funds. Second, while buybacks and dividends do help the wealthy, they also help millions of people like it did my parents. My dad was in the military, not a good plan to become wealthy, but he & my mother invested what they could almost exclusively in mutual funds. Typical investing strategy of the middle class. Any buybacks and/or dividends directly increase the worth of stocks and therefore mutual funds. In doing so, that allows people like my parents, when they were alive, to have a comfortable retirement without placing an extra burden on our already overtaxed social programs. It allowed them the benefit of spending more money which was injected into the economy. My parents were typical of the millions of fiscally responsible adults that saved their entire lives for retirement. I agree buybacks and dividends reward the wealthy but these same tools help all of the average people that struggle to save and not end up wards of the government. A side benefit of the injection of trillions of dollars into the economy could be a drag on interest rates, a very huge benefit to our government. Any rapid increase in interest rates would be devastating because our government has so much debt. Rick, I appreciate your comment. The problem today is that so few Americans have savings and percentage-wise, very few are invested in the market. So the money does end up in the hands of wealthier Americans. So, left to their own devices, what would Apple do with the money and why? |
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marcellus
Deleted Member
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Post by marcellus on Feb 1, 2015 21:18:21 GMT -5
Watch Belichick grab the helium bottle if the SupaBowl comes down to a field goal. The Patriots ARE the Samsung of football.
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JDSoCal
Member
"Irrationally discounted"
Posts: 3,220 
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Post by JDSoCal on Feb 1, 2015 21:22:03 GMT -5
Well, welcome to Californians' strange world. Thank God Barbara Boxer is retiring. She's the worst. It is pretty disturbing that a Libertarian like Paul would sign off on this micromanaging of corporate profits. Amazing that the libs think a trillion of borrowed dollars dumped into the economy is a "stimulus", but God forbid stockholders be given their own, already-taxed (and to be taxed again at the individual level) dividend money! Every other country but the US has a territorial tax regime. Hopefully this nonsense will be removed from the final bill. Imagine what Apple could do with $100+B, and the potential effects on AAPL. Thought you retired? It was such a pleasant place... How many employees would Apple hire? ZERO. Why would they hire anyone else, they already have the money to add tons of employees but they don't since they only employ what they need. Tim Cooks not sitting there thinking, jeez Louisiana, I wish I had some more cash so I could add new employees, we really could use them. They have to force them to invest in something that actually creates jobs and puts money in the pockets of people that actually spend it. Btw, last time we had a tax repatriation holiday, most of the money went to mgmt./stockholders/buybacks which only makes the wealthy wealthier. Why would I retire from posting when I can merrily point out what a fraud you and your lefty ilk are? You seem to think corporations are jobs programs, instead of profit vehicles for investors. And yet, somehow, you manage to fight through your tears, and continue to profit from holding the stock. And I assume you continue to cash those dividend checks, and I assume you tell your tax preparer to take every last deduction to reduce your tax bill? You've been on this capitalist investor forum for how many years now, rooting for AAPL to go up? And yet you have the audacity tut-tut wealth creation? What a hypocrite! You're welcome to give all your dividends to some homeless charity if you like. And the IRS has a provision for giving more taxes than you owe, if you'd like me to post the link. Or is it just other people's money that you are generous with? As for myself, I shall unabashedly enjoy the profits from my risk taking, and the liberal thieves can kiss my ass! My money, keep your mitts off, thieves! I'll let the rest of the board decide if this is a more pleasant place when we're being lectured by lefties that Apple's already-taxed foreign profits should be stolen to pay for more of Obama's digging holes and filling them up again. |
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Post by rickag on Feb 1, 2015 21:56:02 GMT -5
chasmac I respectively disagree. First no one knows what Apple would do with any repatriated funds. Second, while buybacks and dividends do help the wealthy, they also help millions of people like it did my parents. My dad was in the military, not a good plan to become wealthy, but he & my mother invested what they could almost exclusively in mutual funds. Typical investing strategy of the middle class. Any buybacks and/or dividends directly increase the worth of stocks and therefore mutual funds. In doing so, that allows people like my parents, when they were alive, to have a comfortable retirement without placing an extra burden on our already overtaxed social programs. It allowed them the benefit of spending more money which was injected into the economy. My parents were typical of the millions of fiscally responsible adults that saved their entire lives for retirement. I agree buybacks and dividends reward the wealthy but these same tools help all of the average people that struggle to save and not end up wards of the government. A side benefit of the injection of trillions of dollars into the economy could be a drag on interest rates, a very huge benefit to our government. Any rapid increase in interest rates would be devastating because our government has so much debt. Rick, I appreciate your comment. The problem today is that so few Americans have savings and percentage-wise, very few are invested in the market. So the money does end up in the hands of wealthier Americans. So, left to their own devices, what would Apple do with the money and why? What about 401K plans, which are exclusively invested in mutual funds? I assume your numbers don't include mutual funds, which is the stock market. And on top of that dividends paid by mutual funds outside of 401K and retirement accounts are taxed the year they are paid even if reinvested back into the fund. |
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Post by phoebear611 on Feb 1, 2015 22:08:18 GMT -5
It's like I always told my son...keep your mouth shut and do your talking on the field...show 'em what you're made of I still love you, Red  |
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Post by Red Shirted Ensign on Feb 1, 2015 22:29:23 GMT -5
Love you too phoebes. What a game! And ugh on that last play call.
The noble Chinacat, he of of Boston, and I had s sidebet in place for the last week. Hawks/pats straight up. I'll be gladly cutting a check to the charity of his choice on Monday. Congrats sir, and to the city of Boston. Please excuse me now.. I have an offensive coordinator to lynch
Please excuse me now,
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marcellus
Deleted Member
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Post by marcellus on Feb 1, 2015 22:54:30 GMT -5
The Patriots didn't win the game; the Seahawks lost it. Kim Kardashian with hemorrhoids could have scored from the 1 yard line. I'm incredulous.
But the futures are green so all is well in the world....
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(Quick look at Apple's Retail revenue/operating margin reconciliation, for 3 years only, for Apple's five rev geographies, Americas, Europe, Greater China, Japan, Rest of Asia Pacific.)
