Monday, January 8, 2018

NBC Endorses Oprah Winfrey For US President, 2020 -- January 8, 2018; Complaining About Trump All The Way To The Bank

Save for the archives.

I was unaware that she had declared. I guess she gave her declaration speech last evening in front of the California DNC annual January convention. The next California DNC convention is scheduled for March 4, 2018.


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Complaining About Trump All The Way To The Bank

Remember, nothing prevents one from paying taxes under rules and rates of the Obama administration, especially if already underpaying one's secretary. From Bloomberg:
Berkshire (aka, "Warren Buffett") to reap an estimated $37 billion bump from Trump's tax cut.
Berkshire Hathaway Inc. is poised to report a huge increase in the yardstick that Warren Buffett uses to measure progress at his conglomerate, thanks to the recent changes in U.S. tax law.

Book value, a measure of assets minus liabilities, probably rose by 12 percent or $37 billion in the final three months of the year, analysts from Barclays Plc wrote in a note to clients on Monday. The one-time increase will result from Berkshire lowering its tax liability on appreciated investments.

Due to the tax cut, Berkshire’s operating earnings power -- the money it makes at its dozens of subsidiaries like Geico and BNSF Railway -- could rise by 12 percent on an ongoing basis, the Barclays analysts wrote. Last week, Morgan Stanley analysts put the increase at about 14 percent.

Berkshire has long been seen as a major beneficiary of a lower U.S. corporate tax rate, helping to drive the company’s Class A shares up 22 percent last year. They closed above $300,000 for the first time on January 4, 2018.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.

Again, investing in American is an open-book test.

On another note, from Barron's:
CenturyLink had a tough 2017, and the stock has fallen more than 32% in the past 12 months.
However, Goldman Sachs believes that the worst may be over for the beleaguered wireline firm.
Analyst Brett Feldman and his team upgraded the shares from Sell to Neutral on Monday, although he also lowered his target price from $19 to $17. He writes that he doesn't see additional downside for the stock, while it could deliver as much as a 13% total return, given its hefty 12.6% yield. Feldman believes that the dividend payout, while high, still looks sustainable and attractive, thanks to synergies from CenturyLink's acquisition of Level 3 Communications.

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