Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 1, 2016 2:24:12 GMT -8
|
|
|
Post by phoebear611 on Sept 1, 2016 3:35:49 GMT -8
I'm not so sure TC will just repatriate the cash. Somehow I feel like he is being assured behind closed doors that corporate tax reform will be happening in 2017 and perhaps that's why he is predicting that he will repatriate the billions. Short of that - I think he would have a major shareholder issue...unless I'm missing something but it would not be a good move IMHO without some type of tax reform.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 1, 2016 4:01:37 GMT -8
As an observer to the Political Process, Tim's assurance regarding tax repatriation is troubling. While meaningful tax reform is long overdue, this reeks of 'wink, wink', 'nod, nod' and more back room deals. That is to say, more of the same. Which, IMHO, gives rise to 'anti-establishment' movement. This is the kind of crap that people are fed up with. Now I've gone and hijacked the thread back to politics.
|
|
|
Post by tuffett on Sept 1, 2016 4:34:21 GMT -8
I'm not so sure TC will just repatriate the cash. Somehow I feel like he is being assured behind closed doors that corporate tax reform will be happening in 2017 and perhaps that's why he is predicting that he will repatriate the billions. Short of that - I think he would have a major shareholder issue...unless I'm missing something but it would not be a good move IMHO without some type of tax reform. There's definitely something he knows that we don't. Moving back the cash could be a gigantic catalyst. Assuming a 10% annual increase, the international cash alone is good for 8 years of dividends. That is insane.
|
|
|
Post by appledoc on Sept 1, 2016 5:27:15 GMT -8
Tim calling the EU ruling "political crap" is overwhelmingly comical. The guy has publicly interjected himself into the "political crap" of American politics. So disappointing.
|
|
|
Post by audiosculpture12 on Sept 1, 2016 5:34:36 GMT -8
Totally agree re:crap.
|
|
|
Post by gtrplyr on Sept 1, 2016 6:00:57 GMT -8
I'm not sure what is the root of all the anger towards Tim Cook. From what I've read, it seems as though Apple has complied with everything they needed to yet the EU is asking for additional tax even though Ireland is not. Furthermore, they would like to make it retroactive which is beyond belief. IF this is the kind of unexpected policy the EU will be making they should expect American and other foreign companies to think twice before investing. Tim cook calling this "political crap" is EXACTLY what it is. Bringing the cash back here to a more stable climate seems not only appropriate but necessary. For you conspiracy theorists out there , HOW on earth can Tim Cook know what the policy will be when we as a country do not know who will even be in political power in 2017 ? It's obvious to me that corporate tax reform has been discussed by Democrats as well as Republicans and to expect some change in policy seems pretty obvious to me. Cheers to the longs ...
|
|
|
Post by gtrplyr on Sept 1, 2016 6:03:06 GMT -8
Unrelated side question ..... Is Tesla tanking because of the explosion on the launch pad at Canaveral ?? IF so , I may buy some ..... OK ... Went and bought some more .... sold 1/2 my AAPL in the IRA. Let's see what happens. Day trading again ....
|
|
|
Post by tuffett on Sept 1, 2016 6:15:15 GMT -8
For you conspiracy theorists out there , HOW on earth can Tim Cook know what the policy will be when we as a country do not know who will even be in political power in 2017?? Tim must know something to make the statements he is making because I'm pretty sure he's not going to repatriate at 35%. If he is he should have done it earlier while the stock was in the $90s, although maybe we'll get there again. If he does decide to repatriate without a tax holiday it wouldn't be the worst thing if he goes ahead and buys back 20% of outstanding shares. Certainly better than sitting there earning next to nothing. The account will be replenished in short order anyhow...
|
|
|
Post by audiosculpture12 on Sept 1, 2016 6:15:34 GMT -8
I kinda wish the language was easier to read in headlines though. It seems provocative - on the other hand kinda nice to see Cook flexing!
|
|
|
Post by gtrplyr on Sept 1, 2016 6:18:11 GMT -8
For you conspiracy theorists out there , HOW on earth can Tim Cook know what the policy will be when we as a country do not know who will even be in political power in 2017?? Tim must know something to make the statements he is making because I'm pretty sure he's not going to repatriate at 35%. If he is he should have done it earlier while the stock was in the $90s, although maybe we'll get there again. If he does decide to repatriate without a tax holiday it wouldn't be the worst thing if he goes ahead and buys back 20% of outstanding shares. Certainly better than sitting there earning next to nothing. The account will be replenished in short order anyhow... Once again ... no disrespect but HOW can Tim know anything about this We as a country have no idea who will be sitting in the White House or what our Senate will look like in 2017. I've said before , when Apple's stock is trading at such a low multiple who cares about the tax rate ? IF Tim can use the money to buy back shares I think it's worth it. After all we are down 20% from the highs anyway.
|
|
|
Post by gtrplyr on Sept 1, 2016 6:34:14 GMT -8
Unrelated side question ..... Is Tesla tanking because of the explosion on the launch pad at Canaveral ?? IF so , I may buy some ..... OK ... Went and bought some more .... sold 1/2 my AAPL in the IRA. Let's see what happens. Day trading again .... Catching a falling knife .... SHEESH ...
|
|
|
Post by appledoc on Sept 1, 2016 6:38:37 GMT -8
I'm not sure what is the root of all the anger towards Tim Cook. From what I've read, it seems as though Apple has complied with everything they needed to yet the EU is asking for additional tax even though Ireland is not. Furthermore, they would like to make it retroactive which is beyond belief. IF this is the kind of unexpected policy the EU will be making they should expect American and other foreign companies to think twice before investing. Tim cook calling this "political crap" is EXACTLY what it is. Bringing the cash back here to a more stable climate seems not only appropriate but necessary. For you conspiracy theorists out there , HOW on earth can Tim Cook know what the policy will be when we as a country do not know who will even be in political power in 2017 ? It's obvious to me that corporate tax reform has been discussed by Democrats as well as Republicans and to expect some change in policy seems pretty obvious to me. Cheers to the longs ... I didn't say he was wrong. Just that it's comical to hear him complain about a politically charged decision when he's in front of the curtain using his status as Apple CEO to influence American politics.
|
|
|
Post by firestorm on Sept 1, 2016 7:39:43 GMT -8
I'm not sure what is the root of all the anger towards Tim Cook. From what I've read, it seems as though Apple has complied with everything they needed to yet the EU is asking for additional tax even though Ireland is not. Furthermore, they would like to make it retroactive which is beyond belief. IF this is the kind of unexpected policy the EU will be making they should expect American and other foreign companies to think twice before investing. Tim cook calling this "political crap" is EXACTLY what it is. Bringing the cash back here to a more stable climate seems not only appropriate but necessary. For you conspiracy theorists out there , HOW on earth can Tim Cook know what the policy will be when we as a country do not know who will even be in political power in 2017 ? It's obvious to me that corporate tax reform has been discussed by Democrats as well as Republicans and to expect some change in policy seems pretty obvious to me. Cheers to the longs ... I didn't say he was wrong. Just that it's comical to hear him complain about a politically charged decision when he's in front of the curtain using his status as Apple CEO to influence American politics. That's a long tradition in American business and politics, such as "What's good for General Motors is good for America." Or Henry Ford or Donald Trump or any number of CEOs making political statements. In this case you probably just disagree with the sentiments expressed.
|
|
|
Post by phoebear611 on Sept 1, 2016 9:12:19 GMT -8
To be clear - I don't believe TC said he is DEFINITELY bringing the cash back in 2017 but he is strongly suggesting it - so he can always wait till 2018 if it takes that long to do the tax bill. And does he know anything? I have no clue but you know damn well that all the sectors with the gigantic lobbying efforts in Washington on various subjects have a VERY good handle on what is to come - assuming it affects them in some way. And yes - this pisses people off - the whispers and nods in the backrooms but sadly - that is what our government is to a very great extent. All that said - and since I never jumped in yesterday - I am thoroughly disgusted that with ~325MM people here in the U.S. - these two poor specimens are the best we could come up with as choices for president. It's appalling. So there ya go - now I must have annoyed everyone but so be it.
|
|
|
Post by phoebear611 on Sept 1, 2016 9:15:50 GMT -8
Ok - Jon Fortt literally just said what I said above.
|
|
|
Post by firestorm on Sept 1, 2016 9:24:35 GMT -8
To be clear - I don't believe TC said he is DEFINITELY bringing the cash back in 2017 but he is strongly suggesting it - so he can always wait till 2018 if it takes that long to do the tax bill. And does he know anything? I have no clue but you know damn well that all the sectors with the gigantic lobbying efforts in Washington on various subjects have a VERY good handle on what is to come - assuming it affects them in some way. And yes - this pisses people off - the whispers and nods in the backrooms but sadly - that is what our government is to a very great extent. All that said - and since I never jumped in yesterday - I am thoroughly disgusted that with ~325MM people here in the U.S. - these two poor specimens are the best we could come up with as choices for president. It's appalling. So there ya go - now I must have annoyed everyone but so be it. I definitely agree with the sentiments at the end of your post ...
|
|
|
Post by Luckychoices on Sept 1, 2016 11:49:00 GMT -8
I'm not sure what is the root of all the anger towards Tim Cook. From what I've read, it seems as though Apple has complied with everything they needed to yet the EU is asking for additional tax even though Ireland is not. Furthermore, they would like to make it retroactive which is beyond belief. IF this is the kind of unexpected policy the EU will be making they should expect American and other foreign companies to think twice before investing. Tim cook calling this "political crap" is EXACTLY what it is. Bringing the cash back here to a more stable climate seems not only appropriate but necessary. For you conspiracy theorists out there , HOW on earth can Tim Cook know what the policy will be when we as a country do not know who will even be in political power in 2017 ? It's obvious to me that corporate tax reform has been discussed by Democrats as well as Republicans and to expect some change in policy seems pretty obvious to me. Cheers to the longs ... I agree with you, gtrplyr. If folks on the board are upset with him because of his participation in non-Apple related subjects, I have to suspect it's because his views are different from theirs, not because they feel a CEO shouldn't express his or her views as a citizen. If they're upset about the share price funk over the last year, I have to say I don't recall folks on the board blasting Tim when AAPL was at an ATH a little over a year ago. I also don't remember too many negative articles castigating Steve when AAPL dropped -61% in the 2007-2009 timeframe and took 663 days to return to it's previous high. If Tim were given the same leeway, AAPL has 196 days to return to the previous ATH. With Steve's passing, I have every confidence that he chose the right person to lead the company. I also wonder at the consternation and disappointment regarding Tim referring to the EU ruling as "...political crap". It wasn't long ago that folks were complaining that Cook didn't speak up and support the company enough. He was too quiet. Now he makes a pretty bold comment, shows his anger and disgust with the EU ruling and that's no good either. Damned if he doesn't and damned if he does. Cheers to the AAPL Longs!
|
|
|
Post by mace on Sept 1, 2016 11:53:34 GMT -8
... Damned if he doesn't and damned if he does... He would be forgiven when AAPL is at ATH
|
|
|
Post by macster on Sept 1, 2016 12:17:26 GMT -8
To be clear - I don't believe TC said he is DEFINITELY bringing the cash back in 2017 but he is strongly suggesting it - so he can always wait till 2018 if it takes that long to do the tax bill. And does he know anything? I have no clue but you know damn well that all the sectors with the gigantic lobbying efforts in Washington on various subjects have a VERY good handle on what is to come - assuming it affects them in some way. And yes - this pisses people off - the whispers and nods in the backrooms but sadly - that is what our government is to a very great extent. All that said - and since I never jumped in yesterday - I am thoroughly disgusted that with ~325MM people here in the U.S. - these two poor specimens are the best we could come up with as choices for president. It's appalling. So there ya go - now I must have annoyed everyone but so be it. I definitely agree with the sentiments at the end of your post ... I share this writer's thoughts: Trump immigration speech: A president was born on Wednesday GOP nominee explains his plans for vetting procedures America, we were introduced to our next president on Wednesday night. He’s not a politician. He is one of a kind. He is an American. Welcome President Donald J. Trump. I’m a cynical Jewish Ivy Leaguer from New York. Nothing gets me too excited. I don’t believe politicians. Nor do I believe in politicians. I don’t fall for theatrical political productions. I don’t believe rhetoric or propaganda. And I’ve never teared up over a political speech in my life. Until now. . . Wednesday night I found myself fist-pumping. I found myself chanting along with the crowd “USA, USA, USA.” And as the procession of mothers and fathers came up to the podium to state the name of their child -- who was murdered by illegal immigrants -- and then say “I’m voting for Trump” or “Trump is our last chance to save America” I found myself tearing up. And the amazing thing is… I couldn't stop. The tears rolled down my face. This speech in Arizona was the game-changer. Not just the speech, but the entire day. Trump accepted the invitation to meet with the President of Mexico. He showed he’s a man of action by flying to Mexico on a moment’s notice. Trump stood next to Mexico's president -- looking to all the world like President Donald J. Trump. Trump stated his case and never gave an inch to the president of Mexico. Trump turned a vision -- that was mocked and ripped to shreds for a year now -- into a reality. Who now believes that if Trump is elected a wall won’t be built? As a conservative, I’ve waited a lifetime for this speech. Why? Because it was a speech that didn’t back down by even one inch. It was a speech aimed at Americans, for Americans, delivered by a proud American, who values American exceptionalism. It was a speech that restores law and order. A speech that always put American citizens, workers and taxpayers first. A speech that recognized the right to safety and security for American citizens. A speech that recognizes that a foreigner here illegally does not have the same rights as an American-born citizen. A speech that pointed out that foreigners here illegally should not be treated better than our veterans. A speech that recognized that American citizens have every right to choose who comes into our country. And that we should proudly choose immigrants with skills, self-sufficiency and a respect for our common values. It was a speech that recognized that illegal immigrants do not qualify for welfare, food stamps and other entitlements -- and our government has a right, for the first time ever, to prioritize the deportation of illegal foreigners for abusing the welfare system. It was a speech that recognized that foreigners in American prisons for violent crimes and felonies should and will be deported immediately -- and that no country can refuse to take them back. It was a speech that recognized our right to practice “extreme vetting” on anyone who wants to come into America -- and that we can choose to exclude those who don’t share or respect our values, customs, laws and Constitution. Some people just won’t be allowed in. (At this point, I jumped up from my chair and screamed “YES!”) It was also a speech that recognized that the federal government must shut off all funding to Sanctuary cities. After all that's our taxpayer money being given to political leaders who are choosing to break the law. FINALLY, an adult has decided to just say "NO." And then there’s the wall… that great, big, beautiful Trumpian wall. I’ve waited a lifetime to hear that we have a right to build a wall, to protect and secure our borders and keep the bad guys out. Trump covered it all on Wednesday night. He never backed down to pressure from the corrupt mainstream media, billionaire titans, Wall Street moguls, Silicon Valley tech gurus, lawyers, lobbyists, liberals, the GOP establishment, Ivy League know-it-all intellectuals. He gave no quarter to any of them. He changed nothing to appeal to them. I could feel their mouths dropping open in disbelief. Trump is our last chance to save America. To restore law and order. To protect my four beautiful children. To save our economy. To rescue our middle class. We have only one choice. We have only one chance. Look at yourself in the mirror. If you’re American-born…if you’re a taxpayer…if you’re a parent…if you love America…if you agree this is the greatest country in world history….if you believe we are blessed by God…if you’re horrified at the prospect of bringing hundreds of thousands of Syrian refugees into this country at a cost of $400 billion…if you’re scared to death about our soon-to-be-$20 trillion national debt…if you don’t want your child to become just another murder statistic…if any of those descriptions fits you and Trump’s speech didn’t move you… You suffer from a mental disease called liberalism. If everything Trump promised and everything I’ve just said doesn’t impress you, then just think of Trump as our TREXIT. Trump is a blunt force, all-American, laser-guided middle finger to everything and everyone in Washington, D.C. And that, my fellow Americans, sounds like the dream of a lifetime to me. www.foxnews.com/opinion/2016/09/01/trump-immigration-speech-president-was-born-on-wednesday.html
|
|
|
Post by appledoc on Sept 1, 2016 12:23:14 GMT -8
I didn't say he was wrong. Just that it's comical to hear him complain about a politically charged decision when he's in front of the curtain using his status as Apple CEO to influence American politics. That's a long tradition in American business and politics, such as "What's good for General Motors is good for America." Or Henry Ford or Donald Trump or any number of CEOs making political statements. In this case you probably just disagree with the sentiments expressed. Yeah. And I don't care for that tradition. At least if you're going to do it, be less public about it.
|
|
|
Post by nwjade on Sept 1, 2016 12:29:48 GMT -8
Couple of things: I'm liking the setup here where the EC decision would seem to me to force US tax reform. Whatever positions various members of congress have they now have political cover to bring the offshore money home rather than lose out. Also liking we just have had a golden cross where the 50day crosses above the 200day. Just my 2 cents
|
|
|
Post by tuffett on Sept 1, 2016 13:32:35 GMT -8
No words...
Politics aside, anybody who thinks Trump can run a country must be certifiably insane. My last bowel movement has a better chance of saving America than Trump does.
|
|
|
Post by macster on Sept 1, 2016 14:00:16 GMT -8
No words... Politics aside, anybody who thinks Trump can run a country must be certifiably insane. My last bowel movement has a better chance of saving America than Trump does. Its the policy bud...not the man. If anyone thought Obama could run a country into the ground you may be right but it is the policy. In Obama's case its both. There we agree to disagree. Anyone who proclaims your not insane does not know you. If you were leaning toward Johnson/Weld you would have more justification, but Clinton my gawd. Oh i forgot you are not a US citizen.
|
|
|
Post by Luckychoices on Sept 1, 2016 14:04:20 GMT -8
No words... Politics aside, anybody who thinks Trump can run a country must be certifiably insane. My last bowel movement has a better chance of saving America than Trump does. I'm not absolutely positive that it could win the popular vote, much less the Electoral College, but it would certainly have a much better chance of getting my vote than Trump does.
|
|
|
Post by macster on Sept 1, 2016 14:18:59 GMT -8
No words... Politics aside, anybody who thinks Trump can run a country must be certifiably insane. My last bowel movement has a better chance of saving America than Trump does. I'm not absolutely positive that it could win the popular vote, much less the Electoral College, but it would certainly have a much better chance of getting my vote than Trump does. Aside from politics...yeaH right. What are the latest polls saying about the US being on the wrong track? It about policy, corruption, Wash DC, the status quo. Aprox. 70% think we are on the wrong track. What are you going to do about it. Nothing? I learned in chemistry class about cause and effect and in math you fix a broken equation. Hillary Clinton does not compute. Ok fine..I didn't start a political fight today. It sort of stated a few posts back. sorry
|
|
|
Post by tuffett on Sept 1, 2016 15:02:49 GMT -8
Trump changes his policy every 5 seconds. He makes decisions based on the latest insult hurled at him. Seems like a great option to lead the powerful nation in the world.
Excited about that wall...is that where Apple's tax dollars are going to go? Mexico certainly isn't paying for it.
Not at all a fan of Clinon either, but she's not a risk to cause global pandemonium.
|
|
|
Post by mrentropy on Sept 1, 2016 16:00:07 GMT -8
I'm not one to jump into the political discussion much, I'm not under any delusion I can change anyone's opinion in the political arena. However, given the choices out there right now, I would encourage you to look at Gary Johnson. You may or may not like what he has to say you and might not agree with him, but I think he should at least be heard so you can make an more informed choice about who to vote for.
|
|
|
Post by macster on Sept 1, 2016 16:26:47 GMT -8
Trump changes his policy every 5 seconds. He makes decisions based on the latest insult hurled at him. Seems like a great option to lead the powerful nation in the world. Excited about that wall...is that where Apple's tax dollars are going to go? Mexico certainly isn't paying for it. Not at all a fan of Clinon either, but she's not a risk to cause global pandemonium. All our US presidents have gaffed and done stupid stuff. Just look at our current one and the last one and the one before that and... Johnson/Weld is surely a good choice except it will not happen. Democrat Webb would have been a great leader. The Republican primary field was the same tired old recent party as well as clinton. All offer no great change or great excitement. People do want a leader to get excited about. It makes us tick. Rate Tim a above average with a few negative things to work on. Rate Trump the same.
|
|
|
Post by gtrplyr on Sept 1, 2016 16:58:07 GMT -8
Trump changes his policy every 5 seconds. He makes decisions based on the latest insult hurled at him. Seems like a great option to lead the powerful nation in the world. Excited about that wall...is that where Apple's tax dollars are going to go? Mexico certainly isn't paying for it. Not at all a fan of Clinon either, but she's not a risk to cause global pandemonium. All our US presidents have gaffed and done stupid stuff. Just look at our current one and the last one and the one before that and... Johnson/Weld is surely a good choice except it will not happen. Democrat Webb would have been a great leader. The Republican primary field was the same tired old recent party as well as clinton. All offer no great change or great excitement. People do want a leader to get excited about. It makes us tick. Rate Tim a above average with a few negative things to work on. Rate Trump the same. Sorry .... I'm not letting this one go. Trump and Tim Cook rate about the same ? In what world ? Trump has been fueling hatred and bringing out the worst in human beings ever since starting his campaign . This man calls Warran "Pocahantus" , makes fun of disabled people, talks about women in highly objectionable ways ( listen to Stern interview), calls Mexicans rapists and murderers, wants to BAN a religion from a country FOUNDED on religious freedoms .... I could go on but I won't. Please don't compare the two men. FUCK TRUMP.
|
|