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larryhn

larryhn
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  • Thoughts On Tim Cook's Testimony [View article]
    Once the Senate condemn its members for their misuse of public funds and their tax avoidance schemes (John Kerry purchasing his giant Yacht in New Hampshire rather than his home state of Mass to avoid $500,000 in sales tax - http://huff.to/16SawyG - this goes on day in and day out in the Senate and the executive branch (Obama paid 20.5% in 2012 - http://cnnmon.ie/10QgZSl - lower than his secretary ) - and Obama's friend GE pays no imcome tax in the US at all - they follow the law and pay accountants to shelter their taxes - how hypercritical to fault Apple for doing the exact same thing - while paying over $6,000,000,000 in US taxes
    If there is a fault it is the tax law with all of it's loopholes that the Senate has passed to reward their major donors
    May 24, 2013. 02:36 AM | 2 Likes Like |Link to Comment
  • Used to being near the top of the list on Edgar's database sorted by reported portfolio weightings for Apple (AAPL), Wedgewood Partners (9% AUM in the stock) fell to 67th place in September. The fickle money is in the process of being weaned out, says the firm's David Rolfe, expecting Wedgewood will have moved back up the Edgar list by mid-February's update. [View news story]
    Opinion

    As soon as the giant Obama tax increases take effect 1/1/13 I think Apple will jump back - I believe that the looming increase in capital gains tax could wit the large capital gains that have accrued in Apple stock is artificially dragging it down as sellers take their gain under today's rates - I expect that it will jump back as soon as that pressure is removed - in fact since there will be increased demand due to the need to re-establish positions with an increased basis it is likely to set new highs IMHO - time will tell
    Dec 30, 2012. 05:26 AM | Likes Like |Link to Comment
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