3 ms·
Aside from the Alibaba news, which smarter and more capable people here are commenting on, I found this nugget to be really interesting: "The company’s net inc
by rocky1138 12y ago
Aside from the Alibaba news, which smarter and more capable people here are commenting on, I found this nugget to be really interesting:
"The company’s net income was $166 million, or 17 cents a share, in the fourth quarter, compared with $348 million, or 33 cents a share, in the same quarter a year ago."
How long is the current trend sustainable? Year-over-year losing half their net income! At this point it seems like a simple matter of time.
- downandout 12y agoIt is bad, and yet, it isn't. I would give just about anything to own a business throwing off net profits of ~$650 million per year, or half that, or even 10% of that. Many people feel the same way you do - the market currently assigns a negative value to this $650 million annual income - but I think it's not a terrible thing to have coming in.
- bane 12y agoYou can have a small net income in an otherwise hugely profitable year if you reinvest most/all of it back into the company for growth.