Originally posted by: tom
You are the one who wants the govt to get stock in companies they provide money for.
I'm not "the one" who "wants" that. I'm one of many people who have suggested that that's the way any bailout should be done. In fact, I don't want corporations to be bailed out at all.
Originally posted by: tom
There is no logical reason for a company to hoard cash.
In order to make money a company had to invest it in whatever needs to be done to generate revenue.
That includes hiring people, keeping facilities up & running to name a few things.
No reason to "hoard," as you put it, but every reason to keep cash reserves, or assets that can be easily converted into cash. It's called "liquidity," and no, that's not something you put in a martini.
Of course, you're right in one sense. If when you run low on cash, you can just pick up the phone and call that senator who's on your payroll and have him toss you a few billion, there's no need for cash reserves--or responsibility!
Kevin - trick question - if a company has all their assets in cash how do they make a profit?
Originally posted by: tom
Kevin - trick question - if a company has all their assets in cash how do they make a profit?
How do they make a profit if there are no customers to buy their goods or services?
Originally posted by: tom
Kevin - trick question - if a company has all their assets in cash how do they make a profit?
You mean "stupid question." No company has all its assets in cash. But if such a company existed, it could still earn interest on that cash, and thus, a modest profit. What's your stupid point?
We now know the real reasons for shutting this down.
The Democrats want wind & solar credits, reductions in airline emissions, increased leverage for labor unions, same day voter registration, eliminate post office debt & $35m for the Kennedy Ctr to name a few.
None of these items have anything to do with providing stimulus to the economy due to the virus.
